XML 51 R49.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Selected Quarterly Financial Information [Abstract] |
Schedule of Quarterly Financial Information |
|  | 2019
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 333 |  |  | $ | 359 |  |  | $ | 364 |  |  | $ | 490 |  |  | $ | 1,546 |
Franchise and property revenues |  | 612 |  |  | 633 |  |  | 645 |  |  | 770 |  |  | 2,660 |
Franchise contributions for advertising and other services |  | 309 |  |  | 318 |  |  | 330 |  |  | 434 |  |  | 1,391 |
Total revenues |  | 1,254 |  |  | 1,310 |  |  | 1,339 |  |  | 1,694 |  |  | 5,597 |
Restaurant profit |  | 61 |  |  | 73 |  |  | 72 |  |  | 105 |  |  | 311 |
Operating Profit(a) |  | 433 |  |  | 471 |  |  | 480 |  |  | 546 |  |  | 1,930 |
Net Income |  | 262 |  |  | 289 |  |  | 255 |  |  | 488 |  |  | 1,294 |
Basic earnings per common share |  | 0.85 |  |  | 0.94 |  |  | 0.83 |  |  | 1.61 |  |  | 4.23 |
Diluted earnings per common share |  | 0.83 |  |  | 0.92 |  |  | 0.81 |  |  | 1.58 |  |  | 4.14 |
Dividends declared per common share |  | 0.42 |  |  | 0.42 |  |  | 0.42 |  |  | 0.42 |  |  | 1.68 |
|  | 2018
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |
Company sales |  | $ | 512 |  |  | $ | 512 |  |  | $ | 499 |  |  | $ | 477 |  |  | $ | 2,000 |
Franchise and property revenues |  | 584 |  |  | 584 |  |  | 605 |  |  | 709 |  |  | 2,482 |
Franchise contributions for advertising and other services |  | 275 |  |  | 272 |  |  | 287 |  |  | 372 |  |  | 1,206 |
Total revenues |  | 1,371 |  |  | 1,368 |  |  | 1,391 |  |  | 1,558 |  |  | 5,688 |
Restaurant profit |  | 74 |  |  | 91 |  |  | 100 |  |  | 101 |  |  | 366 |
Operating Profit(b) |  | 553 |  |  | 449 |  |  | 553 |  |  | 741 |  |  | 2,296 |
Net Income |  | 433 |  |  | 321 |  |  | 454 |  |  | 334 |  |  | 1,542 |
Basic earnings per common share |  | 1.30 |  |  | 0.99 |  |  | 1.43 |  |  | 1.07 |  |  | 4.80 |
Diluted earnings per common share |  | 1.27 |  |  | 0.97 |  |  | 1.40 |  |  | 1.04 |  |  | 4.69 |
Dividends declared per common share |  | 0.36 |  |  | 0.36 |  |  | 0.36 |  |  | 0.36 |  |  | 1.44 |
(a) | Includes net gains from refranchising initiatives of $6 million, $4 million, $8 million and $19 million in the first, second, third and fourth quarters, respectively.
(b) Includes net gains from refranchising initiatives of $156 million, $29 million, $100 million and $255 million in the first, second, third and fourth quarters, respectively.

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SelectedQuarterlyFinancialInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration