v3.25.2
Revenues (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates franchise revenues by major type for the three and six months ended June 30, 2025 and 2024:
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
(In millions)
Franchise Revenues:  
Royalties$82.1 $80.6 $158.4 $160.7 
Advertising revenues73.5 74.5 144.0 149.8 
Proprietary product sales and other16.4 18.9 33.4 36.9 
Franchise and development fees2.7 2.5 5.1 5.0 
Total franchise revenues$174.7 $176.5 $340.9 $352.4 
Schedule of Changes in Deferred Revenue
Changes in the Company's contract liability for deferred franchise and development fees during the six months ended June 30, 2025 were as follows:
 Deferred Franchise Revenue
(short- and long-term)
(In millions)
Balance at December 31, 2024
$42.7 
Recognized as revenue during the six months ended June 30, 2025
(5.0)
Fees deferred during the six months ended June 30, 2025
2.3 
Balance at June 30, 2025
$40.0 
Schedule of Remaining Performance Obligations
The balance of deferred revenue as of June 30, 2025 is expected to be recognized as follows:
(In millions)
2025 (remaining six months)
$3.0 
20265.4 
20274.4 
20283.5 
20293.0 
Thereafter20.7 
Total$40.0