v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Cash Distributions/Dividends
On April 2, 2026, RBI paid a cash dividend of $0.65 per RBI common share to common shareholders of record on March 19, 2026. Partnership made a distribution to RBI as holder of Class A common units in the amount of the aggregate dividends declared and paid by RBI on RBI common shares and also made a distribution in respect of each Partnership exchangeable unit in the amount of $0.65 per exchangeable unit to holders of record on March 19, 2026.
Subsequent to March 31, 2026, the RBI board of directors declared a cash dividend of $0.65 per RBI common share, which will be paid on July 7, 2026 to RBI common shareholders of record on June 23, 2026. Partnership will make a distribution to RBI as holder of Class A common units in the amount of the aggregate dividends declared and paid by RBI on RBI common shares. Partnership will also make a distribution in respect of each Partnership exchangeable unit in the amount of $0.65 per Partnership exchangeable unit, and the record date and payment date for such distribution will be the same as the record date and payment date for the cash dividend per RBI common share set forth above.
RBI Share Repurchases
Subsequent to March 31, 2026 through April 30, 2026, RBI repurchased 337,204 of RBI's common shares for $26 million and as of April 30, 2026 had $940 million remaining under the share repurchase authorization. Pursuant to the terms of the partnership agreement, Partnership made a distribution to RBI on the Class A common units in an amount sufficient for RBI to fund such share repurchases.