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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total Revenues $ 1,763 $ 1,687 $ 3,361 $ 3,332
Costs and Expenses, Net        
Company restaurant expenses 470 415 870 818
General and Administrative Expense 281 291 567 573
Franchise and property expenses 23 32 54 68
Franchise advertising and other services expense 401 388 768 783
Refranchising (gain) loss (14) (17) (19) (21)
Other (income) expense (5) 5 (6) 15
Total costs and expenses, net 1,156 1,114 2,234 2,236
Operating Profit 607 573 1,127 1,096
Investment (income) expense, net [1] 0 (29) 22 (5)
Other pension (income) expense (1) (1) (3) (3)
Interest expense, net 121 125 238 255
Income Before Income Taxes 487 478 870 849
Income tax provision 120 60 189 131
Net Income $ 367 $ 418 $ 681 $ 718
Basic Earnings Per Common Share $ 1.30 $ 1.49 $ 2.41 $ 2.55
Diluted Earnings Per Common Share 1.28 1.46 2.38 2.51
Dividends Declared Per Common Share $ 0.67 $ 0.605 $ 1.34 $ 1.21
Company Sales        
Revenues        
Revenues $ 572 $ 511 $ 1,046 $ 985
Franchise and property revenues        
Revenues        
Revenues 789 785 1,546 1,555
Franchise contributions for advertising and other services        
Revenues        
Revenues $ 402 $ 391 $ 769 $ 792
[1] Includes changes in the value of our investment in Devyani International Limited (see Note 13).