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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 3 Months Ended | 8 Months Ended
--- | --- | ---
Sep. 03, 2016 | Sep. 05, 2015 | Sep. 03, 2016 | Sep. 05, 2015
Revenues |  |  |  |
Company sales | $ 2,841 | $ 2,968 | $ 7,560 | $ 7,806
Franchise and license fees and income | 475 | 459 | 1,383 | 1,348
Total revenues | 3,316 | 3,427 | 8,943 | 9,154
Costs and Expenses, Net |  |  |  |
Food and paper | 817 | 933 | 2,230 | 2,462
Payroll and employee benefits | 638 | 625 | 1,727 | 1,720
Occupancy and other operating expenses | 816 | 871 | 2,192 | 2,292
Company restaurant expenses | 2,271 | 2,429 | 6,149 | 6,474
General and administrative expenses | 377 | 328 | 1,028 | 976
Franchise and license expenses | 47 | 65 | 145 | 146
Closures and impairment (income) expenses | 7 | 3 | 47 | 30
Refranchising (gain) loss | (25) | 2 | (85) | 60
Other (income) expense | (15) | (3) | (50) | (12)
Total costs and expenses, net | 2,662 | 2,824 | 7,234 | 7,674
Operating Profit | 654 | 603 | 1,709 | 1,480
Interest expense, net | 87 | 32 | 164 | 99
Income Before Income Taxes | 567 | 571 | 1,545 | 1,381
Income tax provision | (65) | 145 | 183 | 358
Net Income – including noncontrolling interests | 632 | 426 | 1,362 | 1,023
Net Income - noncontrolling interests | 10 | 5 | 10 | 5
Net Income - YUM! Brands, Inc. | $ 622 | $ 421 | $ 1,352 | $ 1,018
Basic Earnings Per Common Share | $ 1.59 | $ 0.97 | $ 3.33 | $ 2.33
Diluted Earnings Per Common Share | 1.56 | 0.95 | 3.28 | 2.29
Dividends Declared Per Common Share | $ 0 | $ 0 | $ 0.92 | $ 0.82

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