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Restructuring and Related Activities | 12 Months Ended
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Dec. 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure |
Accelerating the Organization
In January 2023, the Company announced an evolution of its successful Accelerating the Arches strategy. Enhancements to the strategy include the addition of Restaurant Development to the Company’s growth pillars and an internal effort to modernize ways of working, Accelerating the Organization, both of which are aimed at elevating the Company’s performance. Accelerating the Organization is designed to unlock further growth as the Company focuses on becoming faster, more innovative and more efficient for its customers and people. The Company incurred $249.7 million of costs related to Accelerating the Organization for the year ended December 31, 2023. These costs were recorded in the Other operating (income) expense, net line within the consolidated statement of income. Restructuring costs primarily consist of employee termination benefits, costs to terminate contracts, including lease terminations, and professional services and other costs. Professional services and other costs primarily relate to expenses incurred for legal and consulting activities. There were no significant non-cash impairment charges included in the amounts listed in the table below. The following table summarizes the balance of accrued expenses related to this strategic initiative (in millions):
| Employee Termination Benefits | Costs to Terminate Contracts | Other Related Costs | Total
2023 |  |  |  |
Beginning Balance | $ | — |  | $ | — |  | $ | — |  | $ | — |
Restructuring Costs Incurred | 110.3 |  | 26.9 |  | 43.3 |  | 180.5 |
Cash Payments | (1.5) |  | (1.4) |  | (0.3) |  | (3.2) |
Other Non-Cash Items | — |  | — |  | (14.1) |  | (14.1) |
Accrued Balance at March 31, 2023 | $ | 108.8 |  | $ | 25.5 |  | $ | 28.9 |  | $ | 163.2 |
Restructuring Costs Incurred | (8.8) |  | 5.6 |  | 21.9 |  | 18.7 |
Cash Payments | (27.7) |  | (11.7) |  | (46.8) |  | (86.2) |
Other Non-Cash Items | — |  | — |  | (2.5) |  | (2.5) |
Accrued Balance at June 30, 2023 | $ | 72.3 |  | $ | 19.4 |  | $ | 1.5 |  | $ | 93.2 |
Restructuring Costs Incurred | (0.9) |  | — |  | 21.4 |  | 20.5 |
Cash Payments | (13.0) |  | (7.4) |  | (15.3) |  | (35.7) |
Other Non-Cash Items | (2.5) |  | — |  | 0.1 |  | (2.4) |
Accrued Balance at September 30, 2023 | $ | 55.9 |  | $ | 12.0 |  | $ | 7.7 |  | $ | 75.6 |
Restructuring Costs Incurred | (5.0) |  | — |  | 35.0 |  | 30.0 |
Cash Payments | (9.6) |  | (0.8) |  | (36.2) |  | (46.6) |
Other Non-Cash Items | — |  | — |  | 0.5 |  | 0.5 |
Accrued Balance at December 31, 2023 | $ | 41.3 |  | $ | 11.2 |  | $ | 7.0 |  | $ | 59.5 |
Of the $249.7 million of restructuring costs incurred for the year ended December 31, 2023, $62.4 million was recorded in the U.S., $65.6 million was recorded in the International Operated Markets segment and $121.7 million was recorded in the International Developmental Licensed Markets & Corporate segment, the majority of which was recorded at Corporate. Substantially all of the accrued restructuring balance recorded at December 31, 2023, related to the Company’s Accelerating the Organization initiative, is expected to be paid out over the next twelve months. As the Company furthers its operating model and technology transformation, primarily through its Global Businesses Services strategy, under Accelerating the Organization it will continue to incur various restructuring costs as the strategy progresses through its anticipated end date of 2027. Restructuring costs in 2024 are expected to be similar to what was incurred in 2023, and are expected to primarily consist of professional service fees.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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