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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total Revenues $ 1,933 $ 1,763 $ 3,720 $ 3,361
Costs and Expenses, Net        
Company restaurant expenses 560 470 1,081 870
General and Administrative Expense 302 281 604 567
Franchise and property expenses 39 23 73 54
Franchise advertising and other services expense 428 401 824 768
Refranchising (gain) loss (11) (14) (16) (19)
Other (income) expense (7) (5) (15) (6)
Total costs and expenses, net 1,311 1,156 2,550 2,234
Operating Profit [1] 622 607 1,170 1,127
Investment (income) expense, net [1] 0 0 [2] (1) [2] 22 [2]
Other pension (income) expense [1] (1) (1) (1) (3)
Interest expense, net [1] 123 121 243 238
Income Before Income Taxes 499 487 929 870
Income tax provision 125 120 301 189
Net Income $ 374 $ 367 $ 628 $ 681
Basic Earnings Per Common Share $ 1.34 $ 1.30 $ 2.25 $ 2.41
Diluted Earnings Per Common Share 1.33 1.28 2.23 2.38
Dividends Declared Per Common Share $ 0.71 $ 0.67 $ 1.42 $ 1.34
Company Sales        
Revenues        
Revenues $ 669 $ 572 $ 1,277 $ 1,046
Franchise and property revenues        
Revenues        
Revenues 835 789 1,620 1,546
Franchise contributions for advertising and other services        
Revenues        
Revenues $ 428 $ 402 $ 823 $ 769
[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 changes in fair value of our approximate 5% minority interest in Devyani International Limited prior to the date of sale during the year to date ended June 30, 2024.