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Franchise Arrangements (Tables)
12 Months Ended
Dec. 31, 2023
Lessor Disclosure [Abstract]  
Revenues from Franchised Restaurants
Revenues from franchised restaurants consisted of:
In millions202320222021
Rents$9,840.0 $9,045.7 $8,381.1 
Royalties5,530.9 5,005.6 4,645.1 
Initial fees65.6 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 millionsOwned sitesLeased sitesTotal
2024$1,511.7 $1,468.6 $2,980.3 
20251,470.4 1,407.6 2,878.0 
20261,417.3 1,350.5 2,767.8 
20271,370.9 1,294.1 2,665.0 
20281,312.3 1,223.5 2,535.8 
Thereafter9,108.3 8,227.2 17,335.5 
Total minimum payments$16,190.9 $14,971.5 $31,162.4