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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total Revenues $ 1,708 $ 1,640 $ 5,040 $ 4,823
Costs and Expenses, Net        
Company restaurant expenses 421 402 1,239 1,219
General and Administrative Expense 267 261 840 768
Franchise and property expenses 27 28 95 89
Franchise advertising and other services expense 400 396 1,183 1,153
Refranchising (gain) loss (19) (3) (40) (15)
Other (income) expense (1) 10 14 0
Total costs and expenses, net 1,095 1,094 3,331 3,214
Operating Profit 613 546 1,709 1,609
Investment (income) expense, net [1] (16) (27) (21) (19)
Other pension (income) expense (2) 2 (5) 3
Interest expense, net [2] 126 124 381 390
Income Before Income Taxes 505 447 1,354 1,235
Income tax provision 89 116 220 281
Net Income $ 416 $ 331 $ 1,134 $ 954
Basic Earnings Per Common Share $ 1.48 $ 1.16 $ 4.03 $ 3.33
Diluted Earnings Per Common Share 1.46 1.14 3.97 3.28
Dividends Declared Per Common Share $ 0.605 $ 0.57 $ 1.815 $ 1.71
Company Sales        
Revenues        
Revenues $ 510 $ 479 $ 1,495 $ 1,448
Franchise and property revenues        
Revenues        
Revenues 796 760 2,351 2,211
Franchise contributions for advertising and other services        
Revenues        
Revenues $ 402 $ 401 $ 1,194 $ 1,164
[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 (as discussed in our 2022 Form 10-K) during the year to date ended September 30, 2022