XML 19 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Total revenues $ 6,584 $ 5,652 $ 5,597
Costs and Expenses, Net      
Company restaurant expenses 1,725 1,506 1,235
General and administrative expenses 1,060 1,064 917
Franchise and property expenses 117 145 180
Franchise advertising and other services expense 1,576 1,314 1,368
Refranchising (gain) loss (35) (34) (37)
Other (income) expense 2 154 4
Costs and Expenses, Total 4,445 4,149 3,667
Operating Profit 2,139 1,503 1,930
Investment (income) expense, net [1] (86) (74) 67
Other Pension (income) expense [1] 7 14 4
Interest Income (Expense), Net [1] 544 543 486
Income (Loss) Attributable to Parent, before Tax, Total 1,674 1,020 1,373
Income tax provision 99 116 79
Net Income $ 1,575 $ 904 $ 1,294
Basic Earnings Per Common Share (in dollars per share) $ 5.30 $ 2.99 $ 4.23
Diluted Earnings Per Common Share (in dollars per share) 5.21 2.94 4.14
Dividends Declared Per Common Share (in dollars per share) $ 2.00 $ 1.88 $ 1.68
Company Sales      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,106 $ 1,810 $ 1,546
Franchise and property revenue [Member]      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax 2,900 2,510 2,660
Franchise contributions for advertising and other services      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,578 $ 1,332 $ 1,391
[1] Amounts have not been allocated to any segment for performance reporting purposes.