Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Revenues and Operating Income by Geographic Segment

The following table presents the Company’s revenues and operating income by segment:


	Quarters Ended				Nine Months Ended
	September 30,				September 30,
In millions	2021		2020		2021		2020
Revenues
U.S.	$	2,260.7	$	2,094.2	$	6,615.0	$	5,723.8
International Operated Markets	3,372.7		2,845.9		9,007.6		6,862.7
International Developmental Licensed Markets & Corporate	567.9		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 Markets	1,519.6		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.