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Franchise Arrangements (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Franchise Arrangements Additional Information [Abstract]

Revenues from Franchised Restaurants

Revenues from franchised restaurants consisted of:

In millions			2020						2019						2018
Rents			$	6,844.7					$	7,500.2					$	7,082.2
Royalties			3,831.5						4,107.1						3,886.3
Initial fees			49.9						48.4						44.0
Revenues from franchised restaurants			$	10,726.1					$	11,655.7					$	11,012.5

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
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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Disclosure Franchise Arrangements Additional Information [Abstract]

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Schedule of franchise revenue

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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

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