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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Total Revenues $ 1,486 $ 1,263
Costs and Expenses, Net    
Company restaurant expenses 392 298
General and Administrative Expense 206 208
Franchise and property expenses 23 58
Franchise advertising and other services expense 343 310
Refranchising (gain) loss (15) (13)
Other (income) expense (6) 152
Total costs and expenses, net 943 1,013
Operating Profit 543 250
Investment (income) expense, net 0 34
Other pension (income) expense 3 3
Interest expense, net 131 118
Income Before Income Taxes 409 95
Income tax provision 83 12
Net Income $ 326 $ 83
Basic Earnings Per Common Share $ 1.09 $ 0.28
Diluted Earnings Per Common Share 1.07 0.27
Dividends Declared Per Common Share $ 0.50 $ 0.47
Product [Member]    
Revenues    
Revenues $ 476 $ 355
Franchise [Member]    
Revenues    
Revenues 658 596
Advertising [Member]    
Revenues    
Revenues $ 352 $ 312