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Revenue | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The following table disaggregates our franchise revenues by major type for the years ended December 31, 2024, 2023 and 2022:
|  | Year ended December 31,
|  | 2024 |  | 2023 |  | 2022
Franchise Revenues |  | (In millions)
Royalties |  | $ | 313.4 |  |  | $ | 325.6 |  |  | $ | 303.7 |
Advertising fees |  | 290.4 |  |  | 300.8 |  |  | 289.3 |
Proprietary product sales and other |  | 72.4 |  |  | 71.1 |  |  | 60.7 |
Franchise and development fees |  | 9.7 |  |  | 8.9 |  |  | 8.6 |
Total franchise revenues |  | $ | 686.0 |  |  | $ | 706.4 |  |  | $ | 662.4 |
Changes in the Company's contract liability for deferred franchise and development fees during the year ended December 31, 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 year ended December 31, 2024 |  | (9.2) |
Fees deferred during the year ended December 31, 2024 |  | 6.6 |
Balance at December 31, 2024 |  | $ | 42.7 |
The balance of deferred franchise revenue as of December 31, 2024 is expected to be recognized as follows:
| (In millions)
2025 | $ | 6.0 |
2026 | 5.2 |
2027 | 4.4 |
2028 | 3.5 |
2029 | 3.3 |
Thereafter | 20.3 |
Total | $ | 42.7 |
The current balance of deferred franchise revenue is included as Other accrued expenses on the Consolidated Balance Sheets.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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