XML 34 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Sales by Company-operated restaurants $ 8,748.4 $ 9,787.4 $ 8,139.2
Revenues from franchised restaurants 14,105.8 13,085.4 10,726.1
Other revenues 328.4 350.1 342.5
Total revenues 23,182.6 23,222.9 19,207.8
OPERATING COSTS AND EXPENSES      
Food & paper 2,737.3 3,096.8 2,564.2
Payroll & employee benefits 2,617.4 2,677.2 2,416.4
Occupancy & other operating expenses 2,026.2 2,273.3 2,000.6
Franchised restaurants-occupancy expenses 2,349.7 2,335.0 2,207.5
Other restaurant expenses 244.8 260.4 267.0
Depreciation and amortization 370.4 329.7 300.6
Other 2,492.2 2,377.8 2,245.0
Other operating (income) expense, net 973.6 (483.3) (117.5)
Total operating costs and expenses 13,811.6 12,866.9 11,883.8
Operating income 9,371.0 10,356.0 7,324.0
Interest expense-net of capitalized interest of $9.5, $6.8 and $6.0 1,207.0 1,185.8 1,218.1
Nonoperating (income) expense, net 338.6 42.3 (34.8)
Income before provision for income taxes 7,825.4 9,127.9 6,140.7
Provision for income taxes 1,648.0 1,582.7 1,410.2
Net income $ 6,177.4 $ 7,545.2 $ 4,730.5
Earnings per common share–basic $ 8.39 $ 10.11 $ 6.35
Earnings per common share–diluted 8.33 10.04 6.31
Dividends declared per common share $ 5.66 $ 5.25 $ 5.04
Weighted-average shares outstanding–basic 736.5 746.3 744.6
Weighted-average shares outstanding–diluted 741.3 751.8 750.1