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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
Sales by Company-operated restaurants $ 9,420.8 $ 10,012.7 $ 12,718.9
Revenues from franchised restaurants 11,655.7 11,012.5 10,101.5
Total revenues 21,076.5 21,025.2 22,820.4
OPERATING COSTS AND EXPENSES      
Food & paper 2,980.3 3,153.8 4,033.5
Payroll & employee benefits 2,704.4 2,937.9 3,528.5
Occupancy & other operating expenses 2,075.9 2,174.2 2,847.6
Franchised restaurants occupancy expenses 2,200.6 1,973.3 1,790.0
Selling, general & administrative expenses 2,229.4 2,200.2 2,231.3
Other operating (income) expense, net (183.9) (236.8) (1,163.2)
Total operating costs and expenses 12,006.7 12,202.6 13,267.7
Operating income 9,069.8 8,822.6 9,552.7
Interest expense-net of capitalized interest of $7.4, $5.6 and $5.3 1,121.9 981.2 921.3
Nonoperating (income) expense, net (70.2) 25.3 57.9
Income before provision for income taxes 8,018.1 7,816.1 8,573.5
Provision for income taxes 1,992.7 1,891.8 3,381.2
Net income $ 6,025.4 $ 5,924.3 $ 5,192.3
Earnings per common share–basic $ 7.95 $ 7.61 $ 6.43
Earnings per common share–diluted 7.88 7.54 6.37
Dividends declared per common share $ 4.73 $ 4.19 $ 3.83
Weighted-average shares outstanding–basic 758.1 778.2 807.4
Weighted-average shares outstanding–diluted 764.9 785.6 815.5