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Revenues (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates franchise revenues by major type for the three and nine months ended September 30, 2024 and 2023:

						Three Months Ended September 30,												Nine Months Ended September 30,
						2024						2023						2024						2023
						(In millions)
Franchise Revenues:
Royalties						$	76.2					$	79.4					$	236.9					$	245.6
Advertising revenues						69.8						73.4						219.6						226.4
Proprietary product sales and other						18.3						17.6						55.2						52.0
Franchise and development fees						2.1						2.1						7.0						6.4
Total franchise revenues						$	166.4					$	172.5					$	518.7					$	530.4

Schedule of Changes in Deferred Revenue

Changes in the Company's contract liability for deferred franchise and development fees during the nine months ended September 30, 2024 were as follows:

						Deferred Franchise Revenue (short- and long-term)
						(In millions)
Balance at December 31, 2023						$	45.3
Recognized as revenue during the nine months ended September 30, 2024						(6.8)
Fees deferred during the nine months ended September 30, 2024						5.4
Balance at September 30, 2024						$	43.9

Schedule of Remaining Performance Obligations

The balance of deferred revenue as of September 30, 2024 is expected to be recognized as follows:

						(In millions)
2024 (remaining three months)						$	1.6
2025						6.0
2026						5.2
2027						4.3
2028						3.4
Thereafter						23.4
Total						$	43.9

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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