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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total Revenues $ 1,640 $ 1,606 $ 4,823 $ 4,694
Costs and Expenses, Net        
Company restaurant expenses 402 421 1,219 1,230
General and Administrative Expense 261 253 768 689
Franchise and property expenses 28 31 89 81
Franchise advertising and other services expense 396 375 1,153 1,090
Refranchising (gain) loss (3) 1 (15) (21)
Other (income) expense 10 (2) 0 (12)
Total costs and expenses, net 1,094 1,079 3,214 3,057
Operating Profit 546 527 1,609 1,637
Investment (income) expense, net [1] (27) (51) (19) (52)
Other pension (income) expense 2 1 3 6
Interest expense, net 124 [2] 126 [2] 390 416 [2]
Income Before Income Taxes 447 451 1,235 1,267
Income tax provision 116 (77) 281 22
Net Income $ 331 $ 528 $ 954 $ 1,245
Basic Earnings Per Common Share $ 1.16 $ 1.78 $ 3.33 $ 4.17
Diluted Earnings Per Common Share 1.14 1.75 3.28 4.10
Dividends Declared Per Common Share $ 0.57 $ 0.50 $ 1.71 $ 1.50
Company Sales        
Revenues        
Revenues $ 479 $ 513 $ 1,448 $ 1,509
Franchise and property revenues        
Revenues        
Revenues 760 716 2,211 2,080
Franchise contributions for advertising and other services        
Revenues        
Revenues $ 401 $ 377 $ 1,164 $ 1,105
[1] Includes changes in the value of our investment in Devyani International Limited (see Note 12).
[2] Includes a $23 million call premium and $5 million of unamortized debt issuance costs written off related to the redemption of the 2025 Notes (see Note 10) during the quarter ended June 30, 2022. Includes a $28 million call premium and $6 million of unamortized debt issuance costs written off related to the redemption of the $1,050 million aggregate principal amount of 5.25% Subsidiary Senior Unsecured Notes due in 2026 during the quarter ended June 30, 2021. Includes fees expensed and unamortized debt issuance costs written off totaling $12 million related to the refinancing of the Credit Agreement (as described within our 2021 Form 10-K) during the quarter ended March 31, 2021.