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Condensed Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Sales by Company-operated restaurants $ 2,124.8 $ 2,598.4 $ 6,540.0 $ 7,248.6
Revenues from franchised restaurants 3,671.2 3,510.2 10,460.8 9,693.8
Other Revenues 76.1 92.7 255.3 271.4
Total revenues 5,872.1 6,201.3 17,256.1 17,213.8
Operating costs and expenses        
Company-operated restaurant expenses 1,779.6 2,108.4 5,508.6 5,947.0
Franchised restaurants-occupancy expenses 589.0 592.6 1,761.6 1,743.2
Other Restaurant Expenses 57.4 68.9 187.6 204.4
Selling, general & administrative expenses        
Depreciation and Amortization 93.3 84.1 279.0 243.2
Other Selling, General and Administrative Expense 576.4 559.6 1,771.9 1,622.4
Other operating (income) expense, net 12.5 (198.8) 959.1 (505.3)
Total operating costs and expenses 3,108.2 3,214.8 10,467.8 9,254.9
Operating income 2,763.9 2,986.5 6,788.3 7,958.9
Interest expense 306.2 293.7 884.1 890.2
Nonoperating (income) expense, net (78.5) 1.4 417.7 48.6
Income before provision for income taxes 2,536.2 2,691.4 5,486.5 7,020.1
Provision for income taxes 554.6 541.5 1,212.5 1,113.7
Net income $ 1,981.6 $ 2,149.9 $ 4,274.0 $ 5,906.4
Earnings per common share-basic $ 2.70 $ 2.88 $ 5.79 $ 7.91
Earnings per common share-diluted 2.68 2.86 5.75 7.86
Dividends declared per common share $ 1.38 $ 2.67 $ 4.14 $ 5.25
Weighted average shares outstanding-basic 734.9 747.1 738.3 746.5
Weighted average shares outstanding-diluted 739.5 752.6 743.0 751.9