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Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Revenues from franchised restaurants $ 15,715.0 $ 15,437.0 $ 14,106.0
Sales by Company-owned and operated restaurants 9,782.0 9,742.0 8,748.0
Other revenues 423.0 316.0 328.0
Total revenues 25,920.0 25,494.0 23,183.0
OPERATING COSTS AND EXPENSES      
Franchised restaurants-occupancy expenses 2,536.0 2,475.0 2,350.0
Food & paper 2,995.0 3,039.0 2,737.0
Payroll & employee benefits 2,959.0 2,886.0 2,617.0
Occupancy & other operating expenses 2,381.0 2,299.0 2,026.0
Other restaurant expenses 339.0 232.0 245.0
Depreciation and amortization 447.0 382.0 370.0
Other 2,412.0 2,435.0 2,492.0
Other operating (income) expense, net 139.0 99.0 974.0
Total operating costs and expenses 14,208.0 13,847.0 13,812.0
Operating income 11,712.0 11,647.0 9,371.0
Interest expense-net of capitalized interest of $22, $14 and $9 1,506.0 1,361.0 1,207.0
Nonoperating (income) expense, net (139.0) (236.0) 339.0
Income before provision for income taxes 10,345.0 10,522.0 7,825.0
Provision for income taxes 2,121.0 2,053.0 1,648.0
Net income $ 8,223.0 $ 8,469.0 $ 6,177.0
Earnings per common share–basic $ 11.45 $ 11.63 $ 8.39
Earnings per common share–diluted 11.39 11.56 8.33
Dividends declared per common share $ 6.78 $ 6.23 $ 5.66
Weighted-average shares outstanding–basic 718.3 727.9 736.5
Weighted-average shares outstanding–diluted 721.9 732.3 741.3