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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total Revenues $ 1,787 $ 1,598
Costs and Expenses, Net    
Company restaurant expenses 520 400
General and Administrative Expense 302 286
Franchise and property expenses 34 31
Franchise advertising and other services expense 396 367
Refranchising (gain) loss (5) (5)
Other (income) expense (8) (1)
Total costs and expenses, net 1,239 1,078
Operating Profit 548 520
Investment (income) expense, net (1) 22 [1],[2]
Other pension (income) expense 0 (2) [1]
Interest expense, net 120 117 [1]
Income Before Income Taxes 429 383
Income tax provision 176 69
Net Income $ 253 $ 314
Basic Earnings Per Common Share $ 0.91 $ 1.11
Diluted Earnings Per Common Share 0.90 1.10
Dividends Declared Per Common Share $ 0.71 $ 0.67
Company Sales    
Revenues    
Revenues $ 607 $ 474
Franchise and property revenues    
Revenues    
Revenues 785 757
Franchise contributions for advertising and other services    
Revenues    
Revenues $ 395 $ 367
[1] Amounts have not been allocated to any segment for performance reporting purposes.
[2] Investment income (expense), net includes $20 million of pre-tax investment losses related to the sale of our approximate 5% minority interest in Devyani International Limited during the quarter ended March 31, 2024.