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Franchise Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2022
Lessor Disclosure [Abstract] |
Revenues from Franchised Restaurants | Revenues from franchised restaurants consisted of:
In millions | 2022 |  | 2021 |  | 2020
Rents | $ | 9,045.7 |  |  | $ | 8,381.1 |  |  | $ | 6,844.7 |
Royalties | 5,005.6 |  |  | 4,645.1 |  |  | 3,831.5 |
Initial fees | 54.5 |  |  | 59.2 |  |  | 49.9 |
Revenues from franchised restaurants | $ | 14,105.8 |  |  | $ | 13,085.4 |  |  | $ | 10,726.1 |
Future Gross Minimum Rent Payments | Future gross minimum rent payments due to the Company under existing conventional franchise arrangements are:
In millions | Owned sites |  | Leased sites |  | Total
2023 |  | $ | 1,512.5 |  |  | $ | 1,458.0 |  |  | $ | 2,970.5 |
2024 |  | 1,471.5 |  |  | 1,394.8 |  |  | 2,866.3 |
2025 |  | 1,425.9 |  |  | 1,332.1 |  |  | 2,758.0 |
2026 |  | 1,375.0 |  |  | 1,275.5 |  |  | 2,650.5 |
2027 |  | 1,328.2 |  |  | 1,218.9 |  |  | 2,547.1 |
Thereafter |  | 9,533.6 |  |  | 8,454.3 |  |  | 17,987.9 |
Total minimum payments |  | $ | 16,646.7 |  |  | $ | 15,133.6 |  |  | $ | 31,780.3 |

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
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