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Condensed Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Sales by Company-owned and operated restaurants $ 2,656.0 $ 2,556.0 $ 7,472.0 $ 7,267.0
Revenues from franchised restaurants 4,094.0 4,047.0 11,756.0 11,568.0
Other Revenues 124.0 89.0 304.0 252.0
Total revenues 6,873.0 6,692.0 19,532.0 19,088.0
Operating costs and expenses        
Company-operated restaurant expenses 2,248.0 2,135.0 6,358.0 6,149.0
Franchised restaurants-occupancy expenses 646.0 625.0 1,902.0 1,842.0
Other Restaurant Expenses 104.0 68.0 241.0 188.0
Selling, general & administrative expenses        
Depreciation and Amortization 111.0 97.0 311.0 291.0
Other Selling, General and Administrative Expense 536.0 584.0 1,748.0 1,704.0
Other operating (income) expense, net 39.0 (25.0) 129.0 68.0
Total operating costs and expenses 3,685.0 3,484.0 10,688.0 10,243.0
Operating income 3,188.0 3,208.0 8,844.0 8,845.0
Interest expense 381.0 341.0 1,126.0 1,001.0
Nonoperating (income) expense, net (36.0) (56.0) (90.0) (163.0)
Income before provision for income taxes 2,843.0 2,924.0 7,807.0 8,007.0
Provision for income taxes 588.0 606.0 1,600.0 1,577.0
Net income $ 2,255.0 $ 2,317.0 $ 6,207.0 $ 6,430.0
Earnings per common share-basic $ 3.15 $ 3.19 $ 8.63 $ 8.82
Earnings per common share-diluted 3.13 3.17 8.59 8.76
Dividends declared per common share $ 3.44 $ 1.52 $ 6.78 $ 4.56
Weighted average shares outstanding-basic 716.7 727.2 719.1 729.2
Weighted average shares outstanding-diluted 720.0 731.6 722.7 733.8