XML 32 R20.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates under an organizational structure with the following global business segments reflecting how management reviews and evaluates operating performance:
U.S. - the Company's largest market. The segment is 95% franchised as of March 31, 2024.
International Operated Markets - comprised of markets or countries in which the Company owns and operates and franchises restaurants, including Australia, Canada, France, Germany, Italy, Poland, Spain and the U.K. The segment is 89% franchised as of March 31, 2024.
International Developmental Licensed Markets & Corporate - comprised primarily of developmental licensee and affiliate markets in the McDonald’s System, including equity method investments in China and Japan. Corporate activities are also reported in this segment. The segment is 98% franchised as of March 31, 2024.
The following table presents the Company’s revenues and operating income by segment:
Quarters Ended
  
March 31,
In millions20242023
Revenues
U.S.$2,560 $2,488 
International Operated Markets2,987 2,795 
International Developmental Licensed Markets & Corporate621 615 
Total revenues$6,169 $5,898 
Operating Income
U.S.$1,395 $1,295 
International Operated Markets1,365 1,193 
International Developmental Licensed Markets & Corporate(25)45 
Total operating income$2,736 $2,532