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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Total Revenues $ 1,310 $ 1,368 $ 2,564 $ 2,739
Costs and Expenses, Net        
Cost of Goods and Services Sold 286 421 558 859
Franchisor Costs 38 40 81 87
General and Administrative Expense 198 208 409 427
Cooperative Advertising Expense 315 274 616 546
Refranchising (gain) loss (4) (29) (10) (185)
Other (income) expense 6 5 6 3
Total costs and expenses, net 839 919 1,660 1,737
Operating Profit 471 449 904 1,002
Other investment (income) expense, net (25) (23) (9) (89)
Other pension (income) expense 0 3 3 6
Interest expense, net 119 112 234 219
Income Before Income Taxes 377 357 676 866
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 377 357 676 866
Income tax provision 88 36 125 112
Net Income $ 289 $ 321 $ 551 $ 754
Earnings Per Share, Basic $ 0.94 $ 0.99 $ 1.79 $ 2.30
Diluted Earnings Per Common Share 0.92 0.97 1.75 2.25
Dividends Declared Per Common Share $ 0.42 $ 0.36 $ 0.84 $ 0.72
Product [Member]        
Revenues        
Revenues $ 359 $ 512 $ 692 $ 1,024
Franchise [Member]        
Revenues        
Revenues 633 584 1,245 1,168
Advertising [Member]        
Revenues        
Revenues $ 318 $ 272 $ 627 $ 547