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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 11, 2016 | Jun. 13, 2015 | Jun. 11, 2016 | Jun. 13, 2015
Revenues |  |  |  |
Company sales | $ 2,554 | $ 2,659 | $ 4,719 | $ 4,838
Franchise and license fees and income | 454 | 446 | 908 | 889
Total Revenues | 3,008 | 3,105 | 5,627 | 5,727
Costs and Expenses, Net |  |  |  |
Food and paper | 764 | 841 | 1,413 | 1,529
Payroll and employee benefits | 603 | 602 | 1,089 | 1,095
Occupancy and other operating expenses | 779 | 805 | 1,376 | 1,421
Company restaurant expenses | 2,146 | 2,248 | 3,878 | 4,045
General and administrative expenses | 365 | 353 | 651 | 648
Franchise and license expenses | 50 | 47 | 98 | 81
Closures and impairment (income) expenses | 37 | 24 | 40 | 27
Refranchising (gain) loss | (53) | 68 | (60) | 58
Other (income) expense | (28) | (6) | (35) | (9)
Total costs and expenses, net | 2,517 | 2,734 | 4,572 | 4,850
Operating Profit | 491 | 371 | 1,055 | 877
Interest expense, net | 40 | 33 | 77 | 67
Income Before Income Taxes | 451 | 338 | 978 | 810
Income tax provision | 116 | 102 | 248 | 213
Net Income – including noncontrolling interests | 335 | 236 | 730 | 597
Net Income (loss) - noncontrolling interests | (4) | 1 | 0 | 0
Net Income - YUM! Brands, Inc. | $ 339 | $ 235 | $ 730 | $ 597
Basic Earnings Per Common Share | $ 0.82 | $ 0.54 | $ 1.77 | $ 1.36
Diluted Earnings Per Common Share | 0.81 | 0.53 | 1.74 | 1.34
Dividends Declared Per Common Share | $ 0.46 | $ 0.82 | $ 0.92 | $ 0.82

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- Definition Includes the net gain or loss on sales of real estate on which we formerly operated a Company restaurant that was closed, lease reserves established when we cease using a property under an operating lease and subsequent adjustments to those reserves and other facility-related expenses from previously closed stores; in addition, the charge against earnings resulting from the impairment of restaurants we anticipate continuing to operate as Company stores. + References No definition available. + Details
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