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Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Sales by Company-operated restaurants $ 9,741.6 $ 8,748.4 $ 9,787.4
Revenues from franchised restaurants 15,436.5 14,105.8 13,085.4
Other revenues 315.6 328.4 350.1
Total revenues 25,493.7 23,182.6 23,222.9
OPERATING COSTS AND EXPENSES      
Food & paper 3,039.0 2,737.3 3,096.8
Payroll & employee benefits 2,885.8 2,617.4 2,677.2
Occupancy & other operating expenses 2,299.3 2,026.2 2,273.3
Franchised restaurants-occupancy expenses 2,474.6 2,349.7 2,335.0
Other restaurant expenses 232.5 244.8 260.4
Depreciation and amortization 381.7 370.4 329.7
Other 2,435.2 2,492.2 2,377.8
Other operating (income) expense, net 98.9 973.6 (483.3)
Total operating costs and expenses 13,847.0 13,811.6 12,866.9
Operating income 11,646.7 9,371.0 10,356.0
Interest expense-net of capitalized interest of $14.5, $9.5 and $6.8 1,360.8 1,207.0 1,185.8
Nonoperating (income) expense, net (236.3) 338.6 42.3
Income before provision for income taxes 10,522.2 7,825.4 9,127.9
Provision for income taxes 2,053.4 1,648.0 1,582.7
Net income $ 8,468.8 $ 6,177.4 $ 7,545.2
Earnings per common share–basic $ 11.63 $ 8.39 $ 10.11
Earnings per common share–diluted 11.56 8.33 10.04
Dividends declared per common share $ 6.23 $ 5.66 $ 5.25
Weighted-average shares outstanding–basic 727.9 736.5 746.3
Weighted-average shares outstanding–diluted 732.3 741.3 751.8