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Leasing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Detail of Rent Expense | The following table provides detail of rent expense:
In millions | 2020 |  | 2019 |  | 2018
Restaurants | $ | 1,399.5 |  |  | $ | 1,530.4 |  |  | $ | 1,433.9 |
Other | 79.8 |  |  | 76.4 |  |  | 87.9 |
Total rent expense | $ | 1,479.3 |  |  | $ | 1,606.8 |  |  | $ | 1,521.8 |
Schedule of Maturites of Operating Lease Liabilities | As of December 31, 2020, maturities of lease liabilities for our lease portfolio were as follows:
In millions | Total *
2021 | $ | 1,230.7 |
2022 | 1,197.7 |
2023 | 1,159.8 |
2024 | 1,124.0 |
2025 | 1,082.1 |
Thereafter | 14,295.7 |
Total lease payments | 20,090.0 |
Less: imputed interest | (6,067.2) |
Present value of lease liability | $ | 14,022.8 |
* Total lease payments include option periods that are reasonably assured of being exercised. See contractual cash outflows for leases within the Contractual Obligations and Commitments section on page 24.
Schedule of Future Minimum Rental Payments for Operating Leases | Future gross minimum rent payments due to the Company under existing conventional franchise arrangements are:
In millions | Owned sites |  | Leased sites |  | Total
2021 |  | $ | 1,586.8 |  |  | $ | 1,486.0 |  |  | $ | 3,072.8 |
2022 |  | 1,526.5 |  |  | 1,428.1 |  |  | 2,954.6 |
2023 |  | 1,472.8 |  |  | 1,362.0 |  |  | 2,834.8 |
2024 |  | 1,433.0 |  |  | 1,310.2 |  |  | 2,743.2 |
2025 |  | 1,394.1 |  |  | 1,247.7 |  |  | 2,641.8 |
Thereafter |  | 10,908.6 |  |  | 9,266.4 |  |  | 20,175.0 |
Total minimum payments |  | $ | 18,321.8 |  |  | $ | 16,100.4 |  |  | $ | 34,422.2 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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- Definition Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41499-112717 + Details
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