XML 33 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES      
Sales by Company-operated restaurants $ 8,139.2 $ 9,420.8 $ 10,012.7
Revenues from franchised restaurants 10,726.1 11,655.7 11,012.5
Other Revenues 342.5 287.9 232.7
Total revenues 19,207.8 21,364.4 21,257.9
OPERATING COSTS AND EXPENSES      
Food & paper 2,564.2 2,980.3 3,153.8
Payroll & employee benefits 2,416.4 2,704.4 2,937.9
Occupancy & other operating expenses 2,000.6 2,075.9 2,174.2
Franchised restaurants occupancy expenses 2,207.5 2,200.6 1,973.3
Other Expenses 267.0 223.8 186.1
Depreciation, Depletion and Amortization 300.6 262.5 214.8
Other Selling, General and Administrative Expense 2,245.0 1,966.9 1,985.4
Other operating (income) expense, net (117.5) (119.8) (190.2)
Total operating costs and expenses 11,883.8 12,294.6 12,435.3
Operating income 7,324.0 9,069.8 8,822.6
Interest expense-net of capitalized interest of $6.0, $7.4 and $5.6 1,218.1 1,121.9 981.2
Nonoperating (income) expense, net (34.8) (70.2) 25.3
Income before provision for income taxes 6,140.7 8,018.1 7,816.1
Provision for income taxes 1,410.2 1,992.7 1,891.8
Net income $ 4,730.5 $ 6,025.4 $ 5,924.3
Earnings per common share–basic $ 6.35 $ 7.95 $ 7.61
Earnings per common share–diluted 6.31 7.88 7.54
Dividends declared per common share $ 5.04 $ 4.73 $ 4.19
Weighted-average shares outstanding–basic 744.6 758.1 778.2
Weighted-average shares outstanding–diluted 750.1 764.9 785.6