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v3.19.1

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
Revenues |  |
Total Revenues | $ 1,254 | $ 1,371
Costs and Expenses, Net |  |
Cost of Goods and Services Sold | 272 | 438
Franchisor Costs | 43 | 47
General and Administrative Expense | 211 | 219
Cooperative Advertising Expense | 301 | 272
Refranchising (gain) loss | (6) | (156)
Other (income) expense | 0 | (2)
Total costs and expenses, net | 821 | 818
Operating Profit | 433 | 553
Other investment (income) expense, net | 16 | (66)
Other pension (income) expense | 3 | 3
Interest expense, net | 115 | 107
Income Before Income Taxes | 299 | 509
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 299 | 509
Income tax provision | 37 | 76
Net Income | $ 262 | $ 433
Earnings Per Share, Basic | $ 0.85 | $ 1.30
Diluted Earnings Per Common Share | 0.83 | 1.27
Dividends Declared Per Common Share | $ 0.42 | $ 0.36
Product [Member] |  |
Revenues |  |
Revenues | $ 333 | $ 512
Franchise [Member] |  |
Revenues |  |
Revenues | 612 | 584
Advertising [Member] |  |
Revenues |  |
Revenues | $ 309 | $ 275

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