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Segment Information
 9 Months Ended
Sep. 30, 2021
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 September 30, 2021.
•International Operated Markets - comprised of markets or countries in which the Company operates and franchises restaurants, including Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain and the U.K. The segment is 84% franchised as of September 30, 2021.
•International Developmental Licensed Markets & Corporate - comprised primarily of developmental licensee and affiliate markets in the McDonald’s System. Corporate activities are also reported in this segment. The segment is 98% franchised as of September 30, 2021.

The following table presents the Company’s revenues and operating income by segment:
Quarters EndedNine Months Ended
  
September 30,September 30,
In millions2021202020212020
Revenues
U.S.$2,260.7 $2,094.2 $6,615.0 $5,723.8 
International Operated Markets3,372.7 2,845.9 9,007.6 6,862.7 
International Developmental Licensed Markets & Corporate567.9 478.0 1,591.2 1,307.5 
Total revenues$6,201.3 $5,418.1 $17,213.8 $13,894.0 
Operating Income
U.S.$1,254.9 $1,078.3 $3,647.9 $2,705.9 
International Operated Markets1,519.6 1,197.9 3,745.4 2,311.8 
International Developmental Licensed Markets & Corporate *212.0 250.2 565.6 163.4 
Total operating income$2,986.5 $2,526.4 $7,958.9 $5,181.1 
*    Results for the quarter and nine months 2021 included $106 million and $339 million, respectively, of net strategic gains primarily related to the sale of McDonald's Japan stock. The quarter and nine months 2020 also included $139 million and $125 million, respectively, of net strategic gains, primarily related to the sale of McDonald's Japan stock. Proceeds were recorded within the other investing activities section of the Condensed Consolidated Statement of Cash Flows.