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Revenue
12 Months Ended
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,
 202420232022
Franchise Revenues(In millions)
Royalties$313.4 $325.6 $303.7 
Advertising fees290.4 300.8 289.3 
Proprietary product sales and other72.4 71.1 60.7 
Franchise and development fees9.7 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 
20265.2 
20274.4 
20283.5 
20293.3 
Thereafter20.3 
Total$42.7 
The current balance of deferred franchise revenue is included as Other accrued expenses on the Consolidated Balance Sheets.