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Segment Information
9 Months Ended
Sep. 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 September 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 September 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 September 30, 2022.

The following table presents the Company’s revenues and operating income by segment:
Quarters EndedNine Months Ended
  
September 30,September 30,
In millions2022202120222021
Revenues
U.S.$2,456.6 $2,260.7 $7,042.2 $6,615.0 
International Operated Markets2,817.8 3,372.7 8,487.4 9,007.6 
International Developmental Licensed Markets & Corporate597.7 567.9 1,726.5 1,591.2 
Total revenues$5,872.1 $6,201.3 $17,256.1 $17,213.8 
Operating Income
U.S.$1,326.6 $1,254.9 $3,797.5 $3,647.9 
International Operated Markets1,374.4 1,519.6 2,639.9 3,745.4 
International Developmental Licensed Markets & Corporate62.9 212.0 350.9 565.6 
Total operating income*$2,763.9 $2,986.5 $6,788.3 $7,958.9 
*Results for the nine months 2022 included pre-tax charges of $1,281 million related to the sale of the Company's business in Russia, as well as $271 million of gains related to the Company's sale of its Dynamic Yield business. The quarter and nine months 2021 reflected $106 million and $339 million, respectively, of net gains, primarily related to the sale of McDonald's Japan stock.