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Segment Information
6 Months Ended
Jun. 30, 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 June 30, 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, Spain and the U.K. The segment is 89% franchised as of June 30, 2022. During the second quarter of 2022, the Company completed the sale of its business in Russia.
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 June 30, 2022.

The following table presents the Company’s revenues and operating income by segment:
Quarters EndedSix Months Ended
  
June 30,June 30,
In millions2022202120222021
Revenues
U.S.$2,410.0 $2,278.8 4,585.6 $4,354.3 
International Operated Markets2,747.5 3,078.7 5,669.6 $5,634.9 
International Developmental Licensed Markets & Corporate560.9 530.4 1,128.8 1,023.3 
Total revenues$5,718.4 $5,887.9 $11,384.0 $11,012.5 
Operating Income
U.S.$1,319.9 $1,267.5 $2,470.9 $2,393.0 
International Operated Markets136.3 1,272.0 $1,265.5 $2,225.8 
International Developmental Licensed Markets & Corporate255.6 151.6 288.0 353.6 
Total operating income*$1,711.8 $2,691.1 4,024.4 4,972.4 
*Results for 2022 included pre-tax charges of $1.2 billion for the quarter and $1.3 billion for the six months related to the sale of the Company's business in Russia, as well as $271 million of gains in both periods related to the Company's sale of its Dynamic Yield business. The quarter and six months 2021 reflected $98 million and $233 million, respectively, of net gains, primarily related to the sale of McDonald's Japan stock.