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Condensed Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Sales by Company-operated restaurants $ 2,487.0 $ 2,112.8 $ 4,711.3 $ 4,415.2
Revenues from franchised restaurants 3,933.3 3,526.8 7,520.8 6,789.6
Other Revenues 77.2 78.8 163.2 179.2
Total revenues 6,497.5 5,718.4 12,395.3 11,384.0
Operating costs and expenses        
Company-operated restaurant expenses 2,091.3 1,769.8 4,014.4 3,729.0
Franchised restaurants-occupancy expenses 618.2 588.6 1,216.5 1,172.6
Other Restaurant Expenses 57.0 57.9 119.8 130.2
Selling, general & administrative expenses        
Depreciation and Amortization 95.2 93.0 194.5 185.7
Other Selling, General and Administrative Expense 567.5 611.2 1,120.8 1,195.5
Other operating (income) expense, net (35.8) 886.1 92.8 946.6
Total operating costs and expenses 3,393.4 4,006.6 6,758.8 7,359.6
Operating income 3,104.1 1,711.8 5,636.5 4,024.4
Interest expense 330.2 290.6 659.9 577.9
Nonoperating (income) expense, net (42.8) 12.1 (107.1) 496.2
Income before provision for income taxes 2,816.7 1,409.1 5,083.7 2,950.3
Provision for income taxes 506.3 221.1 971.0 657.9
Net income $ 2,310.4 $ 1,188.0 $ 4,112.7 $ 2,292.4
Earnings per common share-basic $ 3.17 $ 1.61 $ 5.63 $ 3.10
Earnings per common share-diluted 3.15 1.60 5.60 3.08
Dividends declared per common share $ 1.52 $ 1.38 $ 3.04 $ 2.76
Weighted average shares outstanding-basic 729.6 737.5 730.3 740.0
Weighted average shares outstanding-diluted 734.3 742.0 734.9 744.8