| Revenues and Operating Income by Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | Quarters Ended | | Six Months Ended | | June 30, | | June 30, | | In millions | 2026 | | 2025 | | 2026 | | 2025 | | U.S. | $ | 2,827 | | | $ | 2,781 | | | $ | 5,409 | | | $ | 5,276 | | | International Operated Markets | 3,603 | | | 3,462 | | | 6,928 | | | 6,377 | | | International Developmental Licensed Markets & Corporate | 669 | | | 600 | | | 1,279 | | | 1,145 | | | Total Revenues | $ | 7,099 | | | $ | 6,843 | | | $ | 13,616 | | | $ | 12,799 | | | U.S. | $ | 320 | | | $ | 325 | | | $ | 643 | | | $ | 643 | | | International Operated Markets | 359 | | | 328 | | | 712 | | | 630 | | | International Developmental Licensed Markets & Corporate | — | | | — | | | — | | | 1 | | | Total Franchised restaurants-occupancy expenses | $ | 680 | | | $ | 654 | | | $ | 1,356 | | | $ | 1,274 | | | U.S. | $ | 693 | | | $ | 694 | | | $ | 1,362 | | | $ | 1,339 | | | International Operated Markets | 1,322 | | | 1,286 | | | 2,577 | | | 2,409 | | | International Developmental Licensed Markets & Corporate | 123 | | | 97 | | | 230 | | | 189 | | | Total Company-operated restaurant expenses | $ | 2,138 | | | $ | 2,078 | | | $ | 4,170 | | | $ | 3,937 | | | U.S. | $ | 147 | | | $ | 149 | | | $ | 287 | | | $ | 292 | | | International Operated Markets | 190 | | | 174 | | | 378 | | | 335 | | | International Developmental Licensed Markets & Corporate | 479 | | | 377 | | | 911 | | | 755 | | | Total Selling, general, & administrative expenses | $ | 817 | | | $ | 700 | | | $ | 1,576 | | | $ | 1,383 | | | U.S. | $ | 93 | | | $ | 85 | | | $ | 164 | | | $ | 172 | | | International Operated Markets | 8 | | | 38 | | | 31 | | | 80 | | | International Developmental Licensed Markets & Corporate | 25 | | | 55 | | | 28 | | | 74 | | | Total Other segment items* | $ | 126 | | | $ | 178 | | | $ | 223 | | | $ | 325 | | | U.S. | $ | 1,573 | | | $ | 1,527 | | | $ | 2,953 | | | $ | 2,829 | | | International Operated Markets | 1,723 | | | 1,635 | | | 3,230 | | | 2,924 | | | International Developmental Licensed Markets & Corporate | 42 | | | 70 | | | 109 | | | 127 | | | Total Operating income | $ | 3,338 | | | $ | 3,232 | | | $ | 6,292 | | | $ | 5,880 | | | U.S. | $ | 357 | | | $ | 318 | | | $ | 631 | | | $ | 543 | | | International Operated Markets | 466 | | | 418 | | | 868 | | | 739 | | | International Developmental Licensed Markets & Corporate | 8 | | | 9 | | | 17 | | | 13 | | | Total Capital expenditures | $ | 831 | | | $ | 744 | | | $ | 1,516 | | | $ | 1,295 | | | U.S. | $ | 246 | | | $ | 252 | | | $ | 497 | | | $ | 493 | | | International Operated Markets | 217 | | | 196 | | | 430 | | | 378 | | | International Developmental Licensed Markets & Corporate | 103 | | | 95 | | | 205 | | | 193 | | | Total Depreciation & amortization** | $ | 565 | | | $ | 544 | | | $ | 1,131 | | | $ | 1,064 | |
| | | | | | | | | | | | | In millions | June 30, 2026 | | December 31, 2025 | | U.S. | $ | 23,189 | | | $ | 23,008 | | | International Operated Markets | 27,739 | | | 27,487 | | | International Developmental Licensed Markets & Corporate | 8,992 | | | 9,020 | | | Total Assets | $ | 59,920 | | | $ | 59,515 | |
|