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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Total revenues $ 7,549 $ 7,076 $ 6,842
Costs and Expenses, Net      
Company restaurant expenses 2,120 1,774 1,745
General and administrative expenses 1,181 1,193 1,140
Franchise and property expenses 134 123 123
Franchise advertising and other services expense 1,711 1,683 1,667
Refranchising (gain) loss (34) (29) (27)
Other (income) expense 34 14 7
Costs and Expenses, Total 5,146 4,758 4,655
Operating Profit 2,403 2,318 2,187
Investment (income) expense, net 21 (7) (11)
Other Pension (income) expense (7) (6) 9
Interest Income (Expense), Operating 489 513 527
Income (Loss) Attributable to Parent, before Tax, Total 1,900 1,818 1,662
Income tax provision 414 221 337
Net Income $ 1,486 $ 1,597 $ 1,325
Basic Earnings Per Common Share (in dollars per share) $ 5.28 $ 5.68 $ 4.63
Diluted Earnings Per Common Share (in dollars per share) 5.22 5.59 4.57
Dividends Declared Per Common Share (in dollars per share) $ 2.68 $ 2.42 $ 2.28
Company Sales      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,552 $ 2,142 $ 2,072
Franchise and property revenue [Member]      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax 3,295 3,247 3,096
Franchise contributions for advertising and other services      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,702 $ 1,687 $ 1,674