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Segment Information
3 Months Ended
Mar. 31, 2022
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 March 31, 2022.
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 83% franchised as of March 31, 2022. As of March 31, 2022, all Company-owned restaurants in Russia and Ukraine were temporarily closed due to the ongoing military conflict in the region.
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 March 31, 2022.

The following table presents the Company’s revenues and operating income by segment:
Quarters Ended
  
March 31,
In millions20222021
Revenues
U.S.$2,175.6 $2,075.5 
International Operated Markets2,922.1 2,556.2 
International Developmental Licensed Markets & Corporate567.9 492.9 
Total revenues$5,665.6 $5,124.6 
Operating Income
U.S.$1,151.0 $1,125.5 
International Operated Markets1,129.2 953.8 
International Developmental Licensed Markets & Corporate32.4 202.0 
Total operating income$2,312.6 $2,281.3