v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total Revenues $ 2,169 $ 1,933 $ 4,228 $ 3,720
Costs and Expenses, Net        
Company restaurant expenses 700 560 1,378 1,081
General and Administrative Expense 324 302 646 604
Franchise and property expenses 41 39 85 73
Franchise advertising and other services expense 444 428 863 824
Refranchising (gain) loss (1) (11) (2) (16)
Other (income) expense 6 (7) (39) (15)
Total costs and expenses, net 1,514 1,311 2,930 2,550
Operating Profit [1] 655 622 1,299 1,170
Investment (income) expense, net [1] (6) 0 [2] (6) [2] (1) [2]
Other pension (income) expense [1] 0 (1) 0 (1)
Interest expense, net [1] 128 123 257 243
Income Before Income Taxes 533 499 1,049 929
Income tax provision (320) 125 (236) 301
Net Income $ 853 $ 374 $ 1,285 $ 628
Basic Earnings Per Common Share $ 3.10 $ 1.34 $ 4.65 $ 2.25
Diluted Earnings Per Common Share 3.08 1.33 4.62 2.23
Dividends Declared Per Common Share $ 0.75 $ 0.71 $ 1.50 $ 1.42
Company Sales        
Revenues        
Revenues $ 837 $ 669 $ 1,622 $ 1,277
Franchise and property revenues        
Revenues        
Revenues 895 835 1,751 1,620
Franchise contributions for advertising and other services        
Revenues        
Revenues $ 438 $ 428 $ 856 $ 823
[1] Amounts have not been allocated to any segment for performance reporting purposes.
[2] The United States and United Kingdom represented 10% or more of our total revenues for all periods presented.