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Condensed Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Sales by Company-operated restaurants $ 2,556.2 $ 2,124.8 $ 7,267.5 $ 6,540.0
Revenues from franchised restaurants 4,047.1 3,671.2 11,567.9 10,460.8
Other Revenues 88.9 76.1 252.1 255.3
Total revenues 6,692.2 5,872.1 19,087.5 17,256.1
Operating costs and expenses        
Company-operated restaurant expenses 2,135.0 1,779.6 6,149.4 5,508.6
Franchised restaurants-occupancy expenses 625.4 589.0 1,841.9 1,761.6
Other Restaurant Expenses 68.1 57.4 187.9 187.6
Selling, general & administrative expenses        
Depreciation and Amortization 96.7 93.3 291.2 279.0
Other Selling, General and Administrative Expense 583.5 576.4 1,704.3 1,771.9
Other operating (income) expense, net (24.8) 12.5 68.0 959.1
Total operating costs and expenses 3,483.9 3,108.2 10,242.7 10,467.8
Operating income 3,208.3 2,763.9 8,844.8 6,788.3
Interest expense 340.7 306.2 1,000.6 884.1
Nonoperating (income) expense, net (55.9) (78.5) (163.0) 417.7
Income before provision for income taxes 2,923.5 2,536.2 8,007.2 5,486.5
Provision for income taxes 606.4 554.6 1,577.4 1,212.5
Net income $ 2,317.1 $ 1,981.6 $ 6,429.8 $ 4,274.0
Earnings per common share-basic $ 3.19 $ 2.70 $ 8.82 $ 5.79
Earnings per common share-diluted 3.17 2.68 8.76 5.75
Dividends declared per common share $ 1.52 $ 1.38 $ 4.56 $ 4.14
Weighted average shares outstanding-basic 727.2 734.9 729.2 738.3
Weighted average shares outstanding-diluted 731.6 739.5 733.8 743.0