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Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Revenues and Operating Income by Geographic Segment
The following table presents the Company’s revenues and operating income by segment:
Quarters Ended
  
March 31,
In millions20212020
Revenues
U.S.$2,075.5 $1,871.0 
International Operated Markets2,556.2 2,404.3 
International Developmental Licensed Markets & Corporate492.9 439.1 
Total revenues$5,124.6 $4,714.4 
Operating Income
U.S.$1,125.5 $892.4 
International Operated Markets953.8 879.1 
International Developmental Licensed Markets & Corporate *202.0 (77.9)
Total operating income$2,281.3 $1,693.6 
*    Results for the quarter 2021 included $128.6 million of strategic gains related to the sale of McDonald's Japan stock, which reduced the Company's ownership by an additional 3%. As of March 31, 2021, the Company owned approximately 41% of McDonald's Japan. The proceeds were recorded within the other investing activities section of the Condensed Consolidated Statement of Cash Flows.