Franchise Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Franchise Arrangements Additional Information [Abstract]

Revenues from franchised restaurants consisted of:



In millions	2019		2018		2017
Rents	$	7,500.2	$	7,082.2	$	6,496.3
Royalties	4,107.1		3,886.3		3,518.7
Initial fees	48.4		44.0		86.5
Revenues from franchised restaurants	$	11,655.7	$	11,012.5	$	10,101.5

Future Minimum Payments

Future gross minimum rent payments due to the Company under existing conventional franchise arrangements are:



In millions	Owned sites			Leased sites		Total
2020		$	1,558.5	$	1,449.8	$	3,008.3
2021		1,501.4		1,382.5		2,883.9
2022		1,439.3		1,310.5		2,749.8
2023		1,384.8		1,246.4		2,631.2
2024		1,344.4		1,196.7		2,541.1
Thereafter		11,155.2		9,354.5		20,509.7
Total minimum payments		$	18,383.6	$	15,940.4	$	34,324.0

As of December 31, 2018, prior to the adoption of ASC 842, future minimum payments required under existing operating leases with initial terms of one year or more were:



In millions	Restaurant			Other		Total *
2019		$	1,093.4	$	51.3	$	1,144.7
2020		1,032.1		51.0		1,083.1
2021		955.5		45.7		1,001.2
2022		873.8		35.7		909.5
2023		806.0		24.6		830.6
Thereafter		7,132.3		164.9		7,297.2
Total minimum payments		$	11,893.1	$	373.2	$	12,266.3

Future minimum payments exclude option periods that have not yet been exercised.