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Franchise Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2023
Lessor Disclosure [Abstract] |
Revenues from Franchised Restaurants | Revenues from franchised restaurants consisted of:
In millions | 2023 |  | 2022 |  | 2021
Rents | $ | 9,840.0 |  |  | $ | 9,045.7 |  |  | $ | 8,381.1 |
Royalties | 5,530.9 |  |  | 5,005.6 |  |  | 4,645.1 |
Initial fees | 65.6 |  |  | 54.5 |  |  | 59.2 |
Revenues from franchised restaurants | $ | 15,436.5 |  |  | $ | 14,105.8 |  |  | $ | 13,085.4 |
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
2024 |  | $ | 1,511.7 |  |  | $ | 1,468.6 |  |  | $ | 2,980.3 |
2025 |  | 1,470.4 |  |  | 1,407.6 |  |  | 2,878.0 |
2026 |  | 1,417.3 |  |  | 1,350.5 |  |  | 2,767.8 |
2027 |  | 1,370.9 |  |  | 1,294.1 |  |  | 2,665.0 |
2028 |  | 1,312.3 |  |  | 1,223.5 |  |  | 2,535.8 |
Thereafter |  | 9,108.3 |  |  | 8,227.2 |  |  | 17,335.5 |
Total minimum payments |  | $ | 16,190.9 |  |  | $ | 14,971.5 |  |  | $ | 31,162.4 |

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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 https://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
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