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Segment Information
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates under an organizational structure with the following global business segments reflecting how management reviews and evaluates operating performance:
U.S. - the Company's largest market. The segment is 95% franchised as of March 31, 2020.
International Operated Markets - comprised of wholly-owned markets, or countries in which the Company operates restaurants, including Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain and the U.K. The segment is 84% franchised as of March 31, 2020.
International Developmental Licensed Markets & Corporate - comprised of primarily developmental licensee and affiliate markets in the McDonald’s system. Corporate activities are also reported within this segment. The segment is 98% franchised as of March 31, 2020.
The following table presents the Company’s revenues and operating income by segment:
 
Quarters Ended
  
March 31,
In millions
2020
 
2019
Revenues
 
 
 
U.S.
$
1,871.0

 
$
1,887.6

International Operated Markets
2,404.3

 
2,682.7

International Developmental Licensed Markets & Corporate
439.1

 
453.8

Total revenues
$
4,714.4

 
$
5,024.1

Operating Income
 
 
 
U.S.
$
892.4

 
$
951.9

International Operated Markets
879.1

 
1,048.0

International Developmental Licensed Markets & Corporate
(77.9
)
 
94.1

Total operating income
$
1,693.6

 
$
2,094.0