v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Property Revenues from Operating Leases
Property revenues consist primarily of lease income from operating leases and earned income on direct financing leases and sales-type leases with franchisees as follows (in millions):
Three Months Ended
March 31,
20262025
Lease income - operating leases
Minimum lease payments$97 $87 
Variable lease payments100 97 
Subtotal - lease income from operating leases197 184 
Earned income on direct financing and sales-type leases
Total property revenues$198 $185 
Schedule of Earned Income on Direct Financing Leases and Sales-Type Leases
Property revenues consist primarily of lease income from operating leases and earned income on direct financing leases and sales-type leases with franchisees as follows (in millions):
Three Months Ended
March 31,
20262025
Lease income - operating leases
Minimum lease payments$97 $87 
Variable lease payments100 97 
Subtotal - lease income from operating leases197 184 
Earned income on direct financing and sales-type leases
Total property revenues$198 $185