0000063908 2026-01-01 2026-06-30 0000063908 2026-06-30 0000063908 2025-12-31 0000063908 2026-04-01 2026-06-30 0000063908 2025-04-01 2025-06-30 0000063908 2025-01-01 2025-06-30 0000063908 us-gaap:RetainedEarningsMember 2026-04-01 2026-06-30 0000063908 us-gaap:RetainedEarningsMember 2026-01-01 2026-06-30 0000063908 2026-03-31 0000063908 2025-03-31 0000063908 2024-12-31 0000063908 2025-06-30 0000063908 us-gaap:CommonStockMember 2024-12-31 0000063908 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0000063908 us-gaap:RetainedEarningsMember 2024-12-31 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-12-31 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-12-31 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2024-12-31 0000063908 us-gaap:TreasuryStockCommonMember 2024-12-31 0000063908 us-gaap:RetainedEarningsMember 2025-01-01 2025-06-30 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2025-01-01 2025-06-30 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-01-01 2025-06-30 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2025-01-01 2025-06-30 0000063908 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-06-30 0000063908 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-06-30 0000063908 us-gaap:CommonStockMember 2025-06-30 0000063908 us-gaap:AdditionalPaidInCapitalMember 2025-06-30 0000063908 us-gaap:RetainedEarningsMember 2025-06-30 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2025-06-30 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-06-30 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2025-06-30 0000063908 us-gaap:TreasuryStockCommonMember 2025-06-30 0000063908 us-gaap:CommonStockMember 2025-12-31 0000063908 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0000063908 us-gaap:RetainedEarningsMember 2025-12-31 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2025-12-31 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-12-31 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2025-12-31 0000063908 us-gaap:TreasuryStockCommonMember 2025-12-31 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2026-01-01 2026-06-30 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2026-01-01 2026-06-30 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2026-01-01 2026-06-30 0000063908 us-gaap:TreasuryStockCommonMember 2026-01-01 2026-06-30 0000063908 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-06-30 0000063908 us-gaap:CommonStockMember 2026-06-30 0000063908 us-gaap:AdditionalPaidInCapitalMember 2026-06-30 0000063908 us-gaap:RetainedEarningsMember 2026-06-30 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2026-06-30 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2026-06-30 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2026-06-30 0000063908 us-gaap:TreasuryStockCommonMember 2026-06-30 0000063908 us-gaap:CommonStockMember 2025-03-31 0000063908 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000063908 us-gaap:RetainedEarningsMember 2025-03-31 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2025-03-31 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-03-31 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2025-03-31 0000063908 us-gaap:TreasuryStockCommonMember 2025-03-31 0000063908 us-gaap:RetainedEarningsMember 2025-04-01 2025-06-30 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2025-04-01 2025-06-30 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-04-01 2025-06-30 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2025-04-01 2025-06-30 0000063908 us-gaap:TreasuryStockCommonMember 2025-04-01 2025-06-30 0000063908 us-gaap:AdditionalPaidInCapitalMember 2025-04-01 2025-06-30 0000063908 us-gaap:CommonStockMember 2026-03-31 0000063908 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0000063908 us-gaap:RetainedEarningsMember 2026-03-31 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2026-03-31 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2026-03-31 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2026-03-31 0000063908 us-gaap:TreasuryStockCommonMember 2026-03-31 0000063908 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2026-04-01 2026-06-30 0000063908 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2026-04-01 2026-06-30 0000063908 us-gaap:AccumulatedTranslationAdjustmentMember 2026-04-01 2026-06-30 0000063908 us-gaap:TreasuryStockCommonMember 2026-04-01 2026-06-30 0000063908 us-gaap:AdditionalPaidInCapitalMember 2026-04-01 2026-06-30 0000063908 us-gaap:FranchisedUnitsMember mcd:ConventionalFranchisesMember 2026-06-30 0000063908 us-gaap:FranchisedUnitsMember mcd:ConventionalFranchisesMember 2025-06-30 0000063908 us-gaap:FranchisedUnitsMember mcd:DevelopmentalLicenseesMember 2026-06-30 0000063908 us-gaap:FranchisedUnitsMember mcd:DevelopmentalLicenseesMember 2025-06-30 0000063908 us-gaap:FranchisedUnitsMember srt:AffiliatedEntityMember 2026-06-30 0000063908 us-gaap:FranchisedUnitsMember srt:AffiliatedEntityMember 2025-06-30 0000063908 us-gaap:FranchisedUnitsMember 2026-06-30 0000063908 us-gaap:FranchisedUnitsMember 2025-06-30 0000063908 us-gaap:EntityOperatedUnitsMember 2026-06-30 0000063908 us-gaap:EntityOperatedUnitsMember 2025-06-30 0000063908 us-gaap:SpecialTerminationBenefitsMember 2026-01-01 0000063908 us-gaap:ContractTerminationMember 2026-01-01 0000063908 us-gaap:OtherRestructuringMember 2026-01-01 0000063908 2026-01-01 0000063908 us-gaap:SpecialTerminationBenefitsMember 2026-01-01 2026-03-31 0000063908 us-gaap:ContractTerminationMember 2026-01-01 2026-03-31 0000063908 us-gaap:OtherRestructuringMember 2026-01-01 2026-03-31 0000063908 2026-01-01 2026-03-31 0000063908 us-gaap:SpecialTerminationBenefitsMember 2026-03-31 0000063908 us-gaap:ContractTerminationMember 2026-03-31 0000063908 us-gaap:OtherRestructuringMember 2026-03-31 0000063908 us-gaap:SpecialTerminationBenefitsMember 2026-04-01 2026-06-30 0000063908 us-gaap:ContractTerminationMember 2026-04-01 2026-06-30 0000063908 us-gaap:OtherRestructuringMember 2026-04-01 2026-06-30 0000063908 us-gaap:SpecialTerminationBenefitsMember 2026-06-30 0000063908 us-gaap:ContractTerminationMember 2026-06-30 0000063908 us-gaap:OtherRestructuringMember 2026-06-30 0000063908 mcd:InternationalDevelopmentalLicensedMarketsandCorporateMember 2026-01-01 2026-06-30 0000063908 mcd:InternationalOperatedMarketsMember 2026-01-01 2026-06-30 0000063908 2023-01-01 2026-06-30 0000063908 srt:ScenarioForecastMember 2026-12-31 0000063908 mcd:GrandFoodsHoldingMember 2026-06-30 0000063908 mcd:GrandFoodsHoldingMember 2025-12-31 0000063908 mcd:McDonaldsJapanHoldingsCo.LtdMember 2026-06-30 0000063908 mcd:McDonaldsJapanHoldingsCo.LtdMember 2025-12-31 0000063908 us-gaap:EquityMethodInvesteeMember 2026-01-01 2026-06-30 0000063908 us-gaap:EquityMethodInvesteeMember 2025-01-01 2025-06-30 0000063908 us-gaap:EquityMethodInvesteeMember 2026-06-30 0000063908 us-gaap:EquityMethodInvesteeMember 2025-06-30 0000063908 us-gaap:ForeignExchangeMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-06-30 0000063908 us-gaap:ForeignExchangeMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0000063908 us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-06-30 0000063908 us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0000063908 us-gaap:DesignatedAsHedgingInstrumentMember 2026-06-30 0000063908 us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0000063908 us-gaap:EquityMember us-gaap:NondesignatedMember 2026-06-30 0000063908 us-gaap:EquityMember us-gaap:NondesignatedMember 2025-12-31 0000063908 us-gaap:NondesignatedMember 2026-06-30 0000063908 us-gaap:NondesignatedMember 2025-12-31 0000063908 us-gaap:ForeignExchangeMember us-gaap:CashFlowHedgingMember 2026-01-01 2026-06-30 0000063908 us-gaap:ForeignExchangeMember us-gaap:CashFlowHedgingMember 2025-01-01 2025-06-30 0000063908 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2026-01-01 2026-06-30 0000063908 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2025-01-01 2025-06-30 0000063908 us-gaap:CashFlowHedgingMember 2026-01-01 2026-06-30 0000063908 us-gaap:CashFlowHedgingMember 2025-01-01 2025-06-30 0000063908 mcd:OtherForeignCurrencyDenominatedDebtMember us-gaap:NetInvestmentHedgingMember 2026-01-01 2026-06-30 0000063908 mcd:OtherForeignCurrencyDenominatedDebtMember us-gaap:NetInvestmentHedgingMember 2025-01-01 2025-06-30 0000063908 us-gaap:ForeignExchangeForwardMember us-gaap:NetInvestmentHedgingMember 2026-01-01 2026-06-30 0000063908 us-gaap:ForeignExchangeForwardMember us-gaap:NetInvestmentHedgingMember 2025-01-01 2025-06-30 0000063908 us-gaap:CrossCurrencyInterestRateContractMember us-gaap:NetInvestmentHedgingMember 2026-01-01 2026-06-30 0000063908 us-gaap:CrossCurrencyInterestRateContractMember us-gaap:NetInvestmentHedgingMember 2025-01-01 2025-06-30 0000063908 us-gaap:NetInvestmentHedgingMember 2026-01-01 2026-06-30 0000063908 us-gaap:NetInvestmentHedgingMember 2025-01-01 2025-06-30 0000063908 us-gaap:ForeignExchangeMember us-gaap:NondesignatedMember 2026-01-01 2026-06-30 0000063908 us-gaap:ForeignExchangeMember us-gaap:NondesignatedMember 2025-01-01 2025-06-30 0000063908 us-gaap:EquityMember us-gaap:NondesignatedMember 2026-01-01 2026-06-30 0000063908 us-gaap:EquityMember us-gaap:NondesignatedMember 2025-01-01 2025-06-30 0000063908 us-gaap:NondesignatedMember 2026-01-01 2026-06-30 0000063908 us-gaap:NondesignatedMember 2025-01-01 2025-06-30 0000063908 us-gaap:InterestRateSwapMember 2026-06-30 0000063908 us-gaap:InterestRateRiskMember us-gaap:FairValueHedgingMember 2026-01-01 2026-06-30 0000063908 us-gaap:RoyaltyArrangementMember 2026-01-01 2026-06-30 0000063908 us-gaap:RoyaltyArrangementMember 2026-06-30 0000063908 us-gaap:DebtMember 2026-01-01 2026-06-30 0000063908 mcd:USMarketMember 2026-06-30 0000063908 mcd:InternationalOperatedMarketsMember 2026-06-30 0000063908 mcd:InternationalDevelopmentalLicensedMarketsandCorporateMember 2026-06-30 0000063908 mcd:USMarketMember 2026-04-01 2026-06-30 0000063908 mcd:USMarketMember 2025-04-01 2025-06-30 0000063908 mcd:USMarketMember 2026-01-01 2026-06-30 0000063908 mcd:USMarketMember 2025-01-01 2025-06-30 0000063908 mcd:InternationalOperatedMarketsMember 2026-04-01 2026-06-30 0000063908 mcd:InternationalOperatedMarketsMember 2025-04-01 2025-06-30 0000063908 mcd:InternationalOperatedMarketsMember 2025-01-01 2025-06-30 0000063908 mcd:InternationalDevelopmentalLicensedMarketsandCorporateMember 2026-04-01 2026-06-30 0000063908 mcd:InternationalDevelopmentalLicensedMarketsandCorporateMember 2025-04-01 2025-06-30 0000063908 mcd:InternationalDevelopmentalLicensedMarketsandCorporateMember 2025-01-01 2025-06-30 0000063908 mcd:USMarketMember 2026-06-30 0000063908 mcd:USMarketMember 2025-12-31 0000063908 mcd:InternationalOperatedMarketsMember 2026-06-30 0000063908 mcd:InternationalOperatedMarketsMember 2025-12-31 0000063908 mcd:InternationalDevelopmentalLicensedMarketsandCorporateMember 2026-06-30 0000063908 mcd:InternationalDevelopmentalLicensedMarketsandCorporateMember 2025-12-31 shares iso4217:USD iso4217:USD shares mcd:Restaurant pure Q2 false 2026 --12-31 0000063908 10-Q true 2026-06-30 false 1-5231 McDONALD’S CORPORATION DE 36-2361282 110 North Carpenter Street 60607 Chicago, IL 630 623-3000 Common Stock, $0.01 par value MCD NYSE Yes Yes Large Accelerated Filer false false false 707641531 2026-06-30

822000000

774000000

2485000000

2466000000

58000000

61000000

980000000

863000000

4345000000

4163000000

2896000000

2820000000

3347000000

3354000000

6393000000

6331000000

12637000000 12505000000

14459000000

14606000000

49943000000

49290000000

21464000000

21049000000

28479000000

28241000000

59920000000

59515000000

1114000000

1149000000

690000000

694000000

327000000

250000000

261000000

247000000

428000000

533000000

1198000000 1488000000

4018000000

4361000000

39863000000

39973000000

14039000000

14147000000

176000000

139000000

946000000

945000000

677000000

704000000

1222000000

1038000000

165000000.0

0.01

3500000000

1660600000

17000000

9841000000

9641000000

71987000000

70282000000

-2340000000

-2414000000

953000000.0

950000000.0

80527000000

79316000000

-1023000000

-1791000000

59920000000

59515000000

4393000000 4213000000 8399000000 7874000000 2525000000 2458000000 4842000000 4590000000 182000000 172000000 375000000 334000000

7099000000

6843000000

13616000000

12799000000

680000000

654000000

1356000000

1274000000

2138000000 2078000000 4170000000 3937000000

163000000

149000000

329000000

289000000

111000000

106000000

222000000

213000000

706000000

595000000

1354000000

1170000000

37000000

-29000000

106000000

-36000000

3760000000

3611000000

7324000000

6918000000

3338000000

3232000000

6292000000

5880000000

409000000

390000000

809000000

766000000

-6000000

-18000000

5000000

-76000000

2936000000 2861000000 5478000000 5190000000

574000000

608000000

1133000000

1069000000

2362000000

2253000000

4345000000

4121000000

3.33

3.15

6.12

5.77

3.32

3.14

6.10

5.74

1.86

1.77

3.72

3.54

709.1

714.5

709.9

714.7

711.1

717.6

712.3

717.9

2362000000

2253000000

4345000000

4121000000

12000000

237000000

21000000

307000000

40000000

-309000000

97000000

-445000000

12000000

237000000

21000000

307000000

7000000

-106000000

30000000

-158000000

-9000000

-23000000

6000000

5000000

-29000000

16000000

-49000000

16000000

-97000000

53000000

-164000000

1000000

13000000

-7000000

19000000

3000000

7000000

1000000

-1000000

4000000

13000000

20000000

24000000

127000000

74000000

123000000

2386000000

2380000000

4419000000

4244000000

2362000000

2253000000

4345000000

4121000000

565000000

544000000

1131000000

1064000000

-58000000

-41000000

5000000

-84000000

39000000

44000000

99000000

89000000

51000000

71000000

143000000

144000000

50000000

731000000

215000000

620000000

2807000000

1998000000

5222000000

4426000000

831000000

744000000

1516000000

1295000000

74000000

56000000

153000000

131000000

137000000

34000000

209000000

83000000

21000000

11000000

56000000

16000000

121000000

114000000

244000000

314000000

-868000000

-869000000

-1648000000

-1641000000

492000000

597000000

-299000000

-195000000

1403000000

1159000000

2901000000

580000000

700000000

581000000

1393000000

856000000

505000000

1251000000

982000000

1317000000

1265000000

2640000000

2530000000

14000000

41000000

142000000

188000000

-140000000

-126000000

-142000000

-87000000

-2387000000

-555000000

-3612000000

-2098000000

99000000

65000000

85000000

104000000

-348000000

638000000

48000000

791000000

1170000000

1238000000

774000000

1085000000

822000000

1876000000

822000000

1876000000

1660600000

17000000

9281000000

66834000000

-393000000

119000000

-2279000000

945400000

-77375000000

-3797000000

4121000000

-20000000

-164000000

307000000

123000000

4244000000

3.54

2530000000

3200000

953000000

89000000

131000000

1600000

57000000

188000000

1660600000

17000000

9500000000

68424000000

-413000000

-45000000

-1972000000

947000000.0

-78271000000

-2760000000

1660600000

17000000

9641000000

70282000000

-432000000

13000000

-1995000000

950000000.0

-79316000000

-1791000000

4345000000

53000000

21000000

74000000

4419000000

3.72

2640000000

4200000

1252000000

99000000

101000000

1200000

41000000

142000000

1660600000

17000000

9841000000

71987000000

-432000000

66000000

-1974000000

953000000.0

-80527000000

-1023000000

1660600000

17000000

9423000000

67436000000

-400000000

52000000

-2209000000

945600000

-77773000000

-3454000000

2253000000

-13000000

-97000000

237000000

127000000

2380000000

1.77

1265000000

1700000

506000000

44000000

33000000

200000

8000000

41000000

1660600000

17000000

9500000000

68424000000

-413000000

-45000000

-1972000000

947000000.0

-78271000000

-2760000000

1660600000

17000000

9792000000

70942000000

-428000000

50000000

-1986000000

950200000

-79673000000

-1286000000

2362000000

-4000000

16000000

12000000

24000000

2386000000

1.86

1317000000

2900000

858000000

39000000

10000000

100000

4000000

14000000

1660600000

17000000

9841000000

71987000000

-432000000

66000000

-1974000000

953000000.0

-80527000000

-1023000000

<div style="margin-top:10pt;text-indent:24.75pt">McDonald’s Corporation, the registrant, together with its subsidiaries, is referred to herein as the "Company." The Company, its franchisees and suppliers, are referred to herein as the "System."</div><div style="text-indent:24.75pt"> </div><div>Basis of Presentation</div><div style="margin-top:4.5pt;text-indent:24.75pt">The accompanying Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements contained in the Company’s December 31, 2025 Annual Report on Form 10-K. In the opinion of management, all normal recurring adjustments necessary for a fair presentation have been included. The results for the quarter and six months ended June 30, 2026 do not necessarily indicate the results that may be expected for the full year. </div><div style="margin-top:4.5pt;text-indent:24.75pt">Certain columns and rows within the financial statements and tables presented may not add due to rounding. Percentages have been calculated from the underlying whole-dollar amounts for all periods presented.</div>

<div>Basis of Presentation</div><div style="margin-top:4.5pt;text-indent:24.75pt">The accompanying Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements contained in the Company’s December 31, 2025 Annual Report on Form 10-K. In the opinion of management, all normal recurring adjustments necessary for a fair presentation have been included. The results for the quarter and six months ended June 30, 2026 do not necessarily indicate the results that may be expected for the full year. </div><div style="margin-top:4.5pt;text-indent:24.75pt">Certain columns and rows within the financial statements and tables presented may not add due to rounding. Percentages have been calculated from the underlying whole-dollar amounts for all periods presented.</div>

<div>Restaurant Information </div><div style="margin-top:4.5pt;text-indent:24.75pt">The following table presents restaurant information by ownership type:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.731%"><tr><td style="width:1.0%"></td><td style="width:84.075%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.042%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.044%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Restaurants at June 30,</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Conventional franchised</td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,722 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,171 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Developmental licensed</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,833 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,373 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign affiliated</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,461 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,515 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Total Franchised</td><td colspan="2" style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,016 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42,059 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Company-owned and operated</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,012 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,054 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 43.75pt;text-align:left;vertical-align:top">Total Systemwide restaurants</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">46,028 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,113 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:6pt;text-indent:24.75pt">The results of operations of restaurant businesses purchased and sold in transactions with franchisees were not material either individually or in the aggregate to the accompanying Condensed Consolidated Financial Statements.</div> <div style="margin-top:4.5pt;text-indent:24.75pt">The following table presents restaurant information by ownership type:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.731%"><tr><td style="width:1.0%"></td><td style="width:84.075%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.042%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.044%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Restaurants at June 30,</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Conventional franchised</td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,722 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,171 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Developmental licensed</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,833 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,373 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign affiliated</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,461 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,515 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Total Franchised</td><td colspan="2" style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,016 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42,059 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Company-owned and operated</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,012 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,054 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 43.75pt;text-align:left;vertical-align:top">Total Systemwide restaurants</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">46,028 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,113 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

22722

22171

9833

9373

11461

10515

44016

42059

2012

2054

46028

44113

<div>Per Common Share Information</div>Diluted earnings per common share is calculated as net income divided by diluted weighted-average shares. Diluted weighted-average shares include weighted-average shares outstanding plus the dilutive effect of share-based compensation, calculated using the treasury stock method, of 2.0 million shares and 3.1 million shares for the quarters ended June 30, 2026 and 2025, respectively, and 2.4 million shares and 3.2 million shares for the six months ended June 30, 2026 and 2025, respectively. Share-based compensation awards that would have been antidilutive, and therefore were not included in the calculation of diluted weighted-average shares, totaled 3.6 million shares and 1.9 million shares for the quarters ended June 30, 2026 and 2025, respectively, and 3.2 million shares and 2.0 million shares for the six months ended June 30, 2026 and 2025, respectively.

2000000.0

3100000

2400000

3200000

3600000

1900000

3200000

2000000.0

<div style="margin-top:6pt">Recent Accounting Pronouncements Not Yet Adopted</div><div style="margin-top:6pt">Disaggregation - Income Statement Expenses</div><div style="margin-top:4.5pt;text-indent:24.75pt">In November 2024, the FASB issued ASU No. 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses" ("ASU 2024-03"). The pronouncement expands the disclosure requirements for expenses, specifically by providing more detailed information about the types of expenses in commonly presented expense captions. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. We are currently in the process of determining the impact that ASU 2024-03 will have on the Company's consolidated financial statement disclosures.</div><div style="margin-top:4.5pt">Internal-Use Software</div>In September 2025, the FASB issued ASU No. 2025-06, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software" ("ASU 2025-06"). The pronouncement modernizes the accounting guidance for internal-use software costs by removing the various stages of a software development project to accommodate different software development methods. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. We are currently in the process of determining the impact that ASU 2025-06 will have on the Company's Consolidated Financial Statements.

<div>Accelerating the Organization </div><div style="margin-top:4.5pt;text-indent:24.75pt">In January 2023, the Company announced an evolution of its successful Accelerating the Arches strategy. Enhancements to the strategy included the addition of Restaurant Development to the Company’s growth pillars and an internal effort to modernize ways of working, Accelerating the Organization, both of which are aimed at elevating the Company’s performance. Accelerating the Organization is designed to unlock further growth as the Company focuses on becoming faster, more innovative and more efficient for its customers and people.</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company incurred $98 million and $109 million of restructuring charges related to Accelerating the Organization in the six months ended June 30, 2026 and 2025, respectively. These restructuring charges were recorded in the Other operating (income) expense, net line within the Condensed Consolidated Statement of Income. There were no significant non-cash impairment charges included in the amounts listed in the table below.</div><div style="margin-bottom:4.5pt;margin-top:4.5pt;text-indent:24.75pt">The following table summarizes the balance of accrued expenses related to this strategic initiative (in millions):</div><div style="margin-top:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:54.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.059%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Employee Termination Benefits</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Costs to Terminate Contracts</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Professional Services and Other Costs</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued Balance at Beginning of Year</td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">34 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">4 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">15 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">53 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Restructuring costs incurred</td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">5 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">42 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">47 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Cash payments</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(3)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(41)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(44)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Other non-cash items</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(1)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(1)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued Balance at March 31, 2026</td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">36 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">4 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">15 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">55 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Restructuring costs incurred</td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">51 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">51 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Cash payments</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(3)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(1)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(58)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(62)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Other non-cash items</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued Balance at June 30, 2026</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">33 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">3 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">8 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">44 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-top:4.5pt;text-indent:24.75pt">Of the $98 million of restructuring charges incurred in the six months ended June 30, 2026, $97 million was recorded primarily at Corporate and $1 million was recorded in the International Operated Markets.</div><div style="margin-top:4.5pt;text-indent:24.75pt">Substantially all of the accrued restructuring balance recorded at June 30, 2026, related to the Company's Accelerating the Organization initiative, is expected to be paid out over the next twelve months.</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company continues to evolve its ways of working by driving efficiency and effectiveness across the organization, primarily led by its Global Business Services ("GBS") organization. Transformation efforts under Accelerating the Organization will continue to result in various restructuring charges as the strategy progresses through its anticipated completion during 2027, with $795 million of total restructuring charges incurred since the initiative commenced in 2023. The Company currently expects to incur approximately $250 million of restructuring charges in 2026, primarily related to professional services costs.</div>

98000000

109000000

<div style="margin-bottom:4.5pt;margin-top:4.5pt;text-indent:24.75pt">The following table summarizes the balance of accrued expenses related to this strategic initiative (in millions):</div><div style="margin-top:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:54.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.059%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Employee Termination Benefits</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Costs to Terminate Contracts</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Professional Services and Other Costs</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued Balance at Beginning of Year</td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">34 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">4 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">15 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">53 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Restructuring costs incurred</td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">5 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">42 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">47 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Cash payments</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(3)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(41)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(44)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Other non-cash items</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(1)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(1)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued Balance at March 31, 2026</td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">36 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">4 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">15 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">55 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Restructuring costs incurred</td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">51 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">51 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Cash payments</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(3)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(1)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(58)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">(62)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Other non-cash items</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued Balance at June 30, 2026</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">33 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">3 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">8 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:top">44 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr></table></div>

34000000

4000000

15000000

53000000

5000000

42000000

47000000

3000000

41000000

44000000

1000000

36000000

4000000

15000000

55000000

51000000

3000000

1000000

58000000

62000000

33000000

3000000

8000000

44000000

98000000

97000000

1000000

795000000

250000000

<div>Equity Method Investments</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company has various investments accounted for using the equity method. Under the equity method of accounting, the Company records its proportionate share of the net income or loss of each equity method investee, with a corresponding change to the carrying value of the investment. The carrying value of the investment is also adjusted for any dividends received and the effect of foreign exchange. The Company records its proportionate share of net income or loss within the Other operating (income) expense, net line on the Condensed Consolidated Statement of Income. The carrying value of the investments are recorded within the Investments in affiliates line on the Condensed Consolidated Balance Sheet. The Company has elected to record dividends received from its equity method investments under the nature of distribution approach, which provides for the recording of such distributions within the cash provided by operations section of the Condensed Consolidated Statement of Cash Flows to the extent that such distributions are from the normal operating or financing activities of the investee. </div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company’s primary equity method investments include partial ownership in Grand Foods Holding, an entity that operates and manages McDonald's business in mainland China, Hong Kong and Macau, and partial ownership in McDonald’s Japan Holdings Co., Ltd, an entity that operates and manages McDonald’s business in Japan. The Company has granted these entities the right to operate the McDonald's business as part of a Master Franchise Agreement. Revenue related to these agreements are accounted for in a manner consistent with the Company’s other franchise arrangements.</div><div style="margin-bottom:4.5pt;margin-top:4.5pt;text-indent:24.75pt">The following table summarizes the amounts related to the Company’s primary equity method investees during the periods presented.</div><div style="margin-bottom:4.5pt;margin-top:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.337%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.337%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.337%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.337%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.337%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.064%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In Millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Percentage Ownership</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value (Level 1)</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Carrying Amount</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Percentage Ownership</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value (Level 1)</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Carrying Amount</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Grand Foods Holding</td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">N/A</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,134 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">N/A</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,048 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">McDonald's Japan Holdings Co., Ltd</td><td colspan="2" style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,161 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">658 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,915 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">657 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:4.5pt;text-indent:24.75pt">As of June 30, 2026, the aggregate carrying amount of the Company's investments in these equity method investees exceeded its proportionate share of the net assets of these equity method investees by $1.4 billion. This difference is not amortized. Management has concluded that there are no indicators of impairment related to these investments.</div><div style="margin-bottom:4.5pt;margin-top:4.5pt;text-indent:24.75pt">The following table summarizes the amounts recorded related to the Company's primary equity method investments during the six months ended June 30, 2026 and 2025, respectively.</div><div style="margin-top:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.833%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.166%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.333%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.168%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended June 30,</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In Millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;text-indent:18pt;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenue</td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">297 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">280 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Equity in earnings</td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">98 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">94 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Accounts receivable</td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">96 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">166 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Dividends received</td><td style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">17 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">15 </td><td style="border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

0.48

2134000000

0.48

2048000000

0.35

2161000000

658000000

0.35

1915000000

657000000

1400000000

297000000 280000000

98000000

94000000

96000000 166000000

17000000

15000000

<div>Income Taxes </div><div style="margin-top:4.5pt;text-indent:24.75pt">The effective income tax rate was 19.5% and 21.3% for the quarters ended 2026 and 2025, respectively, and 20.7% and 20.6% for the six months ended 2026 and 2025, respectively. The effective tax rate for the quarter ended June 30, 2026 reflected discrete income tax benefits related to restructuring initiatives.</div>

0.195

0.213

0.207

0.206

<div>Fair Value Measurements</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company measures certain financial assets and liabilities at fair value. Fair value disclosures are reflected in a three-level hierarchy, maximizing the use of observable inputs and minimizing the use of unobservable inputs. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date and are defined as follows:</div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt">•Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for an identical asset or liability in an active market.</div><div style="margin-top:2pt;padding-left:36pt;text-indent:-18pt">•Level 2 – inputs to the valuation methodology include quoted prices for a similar asset or liability in an active market or model-derived valuations in which all significant inputs are observable for substantially the full term of the asset or liability.</div><div style="margin-top:2pt;padding-left:36pt;text-indent:-18pt">•Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement of the asset or liability. </div><div style="margin-top:4.5pt;text-indent:24.75pt">There were no significant changes to the valuation techniques used to measure fair value as described in the Company's December 31, 2025 Annual Report on Form 10-K.</div><div style="margin-top:4.5pt;text-indent:24.75pt">At June 30, 2026, the fair value of the Company’s debt obligations was estimated at $38.3 billion, compared to a carrying amount of $39.9 billion. The fair value of debt obligations is based upon quoted market prices, classified as Level 2 within the valuation hierarchy. The carrying amount of cash and equivalents and notes receivable approximate fair value.</div>

38300000000

39900000000

<div>Financial Instruments and Hedging Activities </div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company is exposed to global market risks, including the effect of changes in interest rates and foreign currency fluctuations. The Company uses foreign currency denominated debt and derivative instruments to mitigate the impact of these changes. The Company does not hold or issue derivatives for trading purposes. </div><div style="margin-top:4.5pt;text-indent:24.75pt">The following table presents the fair values of derivative instruments included on the Condensed Consolidated Balance Sheet:</div><div style="margin-top:9.5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.596%"><tr><td style="width:1.0%"></td><td style="width:12.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.775%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.514%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="15" style="border-top:1pt solid #000000;padding:1.5pt 4.37pt;text-align:center;vertical-align:bottom">Derivative Assets</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Derivative Liabilities</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In millions</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance Sheet Classification</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance Sheet Classification</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="12" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Derivatives designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Prepaid expenses and other current assets</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">58 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">3 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Accrued payroll and other liabilities</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(14)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(117)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest rate</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Prepaid expenses and other current assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Accrued payroll and other liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Miscellaneous other assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Other long-term liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest rate</td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Miscellaneous other assets </td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Other long-term liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total derivatives designated as hedging instruments</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">95 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">27 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(29)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(145)</td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="12" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Derivatives not designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity</td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Miscellaneous other assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">66 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">104 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total derivatives not designated as hedging instruments</td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">66 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">104 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total derivatives</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">161 </td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">131 </td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(29)</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(145)</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:9pt;text-indent:24.75pt"> </div><div style="margin-top:9pt;text-indent:24.75pt">The following table presents the pre-tax amounts from derivative instruments affecting income and AOCI for the six months ended June 30, 2026 and 2025, respectively:</div><div style="margin-top:9.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.865%"><tr><td style="width:1.0%"></td><td style="width:25.414%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.528%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.091%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.472%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:4.956%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.225%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.472%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.502%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Location of gain or loss recognized in income on derivative</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="9" rowspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gain (loss) recognized in AOCI</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="9" rowspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gain (loss) reclassified into income from AOCI</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="9" rowspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gain (loss) recognized in income on derivative</td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In millions</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">39 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(192)</td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(32)</td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest rate</td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Cash flow hedges</td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">39 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(205)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(30)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency denominated debt</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">381 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,660)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency derivatives</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">41 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(273)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Foreign currency derivatives(1)</div></td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">22 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">31 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Net investment hedges</td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">422 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,933)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">22 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">31 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(4)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:top">(6)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Selling, general & administrative expenses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Undesignated derivatives</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(10)</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1)</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="42" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-top:5pt;text-indent:22.5pt">(1)The amount of gain (loss) recognized in income related to components excluded from effectiveness testing.</div></td></tr></table></div><div style="margin-top:4.5pt">Fair Value Hedges</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company enters into fair value hedges to reduce the exposure to changes in fair values of certain liabilities. The Company enters into fair value hedges that convert a portion of its fixed rate debt into floating rate debt by use of interest rate swaps. At June 30, 2026, the carrying amount of fixed-rate debt that was effectively converted was an equivalent notional amount of $488 million, which included a decrease of $12 million of cumulative hedging adjustments. For the six months ended June 30, 2026, the Company recognized a $4 million gain on the fair value of interest rate swaps, and a corresponding loss on the fair value of the related hedged debt instrument to interest expense. </div><div style="margin-top:9pt">Cash Flow Hedges</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company enters into cash flow hedges to reduce the exposure to variability in certain expected future cash flows. To protect against the reduction in value of forecasted foreign currency cash flows (such as royalties denominated in foreign currencies), the Company uses foreign currency forwards to hedge a portion of anticipated exposures. The hedges cover up to the next 18 months for certain exposures and are denominated in various currencies. As of June 30, 2026, the Company had derivatives outstanding with an equivalent notional amount of $2.4 billion that hedged a portion of forecasted foreign currency denominated cash flows. </div><div style="margin-top:4.5pt;text-indent:24.75pt">Based on market conditions at June 30, 2026, the $66 million in cumulative cash flow hedging gains, after tax, is not expected to have a significant effect on the Company's earnings over the next 12 months.</div><div style="margin-top:9pt">Net Investment Hedges</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company uses foreign currency denominated debt (third-party and intercompany) and foreign currency derivatives to hedge its investments in certain foreign subsidiaries and affiliates. Realized and unrealized translation adjustments from these hedges are included in shareholders' equity in the foreign currency translation component of Other comprehensive income ("OCI") and offset translation adjustments on the underlying net assets of foreign subsidiaries and affiliates, which also are recorded in OCI. As of June 30, 2026, $15.4 billion of the Company's third-party foreign currency denominated debt, and $1.3 billion of foreign currency derivatives were designated to hedge investments in certain foreign subsidiaries and affiliates.</div><div style="margin-top:9pt">Undesignated Derivatives</div><div style="margin-top:4.5pt;text-indent:24.75pt"> The Company enters into certain derivatives that are not designated for hedge accounting. Therefore, the changes in the fair value of these derivatives are recognized immediately in earnings together with the gain or loss from the hedged balance sheet position. As an example, the Company enters into equity derivative contracts, to hedge market-driven changes in certain of its supplemental benefit plan liabilities. The Company may also use certain investments to hedge changes in these liabilities. Changes in the fair value of these derivatives or investments are recorded in Selling, general & administrative expenses together with the changes in the supplemental benefit plan liabilities. In addition, the Company uses foreign currency forwards to mitigate the change in fair value of certain foreign currency denominated assets and liabilities. The changes in the fair value of these derivatives are recognized in Nonoperating (income) expense, net, along with the currency gain or loss from the hedged balance sheet position.</div><div style="margin-top:9pt">Credit Risk</div>The Company is exposed to credit-related losses in the event of non-performance by its derivative counterparties. The Company did not have significant exposure to any individual counterparty at June 30, 2026 and has master agreements that contain netting arrangements. For financial reporting purposes, the Company presents gross derivative balances in its financial statements and supplementary data, including for counterparties subject to netting arrangements. Some of these agreements also require each party to post collateral if credit ratings fall below, or aggregate exposures exceed, certain contractual limits. At June 30, 2026, the Company was required to post $56 million of collateral due to the negative fair value of certain derivative positions.

<div style="margin-top:4.5pt;text-indent:24.75pt">The following table presents the fair values of derivative instruments included on the Condensed Consolidated Balance Sheet:</div><div style="margin-top:9.5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.596%"><tr><td style="width:1.0%"></td><td style="width:12.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.775%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.339%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.514%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="15" style="border-top:1pt solid #000000;padding:1.5pt 4.37pt;text-align:center;vertical-align:bottom">Derivative Assets</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Derivative Liabilities</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In millions</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance Sheet Classification</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance Sheet Classification</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="12" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Derivatives designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Prepaid expenses and other current assets</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">58 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">3 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Accrued payroll and other liabilities</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(14)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(117)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest rate</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Prepaid expenses and other current assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Accrued payroll and other liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Miscellaneous other assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Other long-term liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest rate</td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Miscellaneous other assets </td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Other long-term liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(16)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total derivatives designated as hedging instruments</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">95 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">27 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(29)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(145)</td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="12" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Derivatives not designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity</td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Miscellaneous other assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">66 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">104 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total derivatives not designated as hedging instruments</td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">66 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">104 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total derivatives</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">161 </td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">131 </td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(29)</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(145)</td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

58000000

3000000

-14000000 -117000000

12000000

37000000

24000000

-3000000

-12000000

-16000000

95000000

27000000

29000000

145000000

66000000

104000000

66000000

104000000

161000000

131000000

29000000

145000000

<div style="margin-top:9pt;text-indent:24.75pt">The following table presents the pre-tax amounts from derivative instruments affecting income and AOCI for the six months ended June 30, 2026 and 2025, respectively:</div><div style="margin-top:9.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.865%"><tr><td style="width:1.0%"></td><td style="width:25.414%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.528%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.494%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.091%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.472%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:4.956%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.338%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.225%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.472%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:5.502%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" rowspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Location of gain or loss recognized in income on derivative</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="9" rowspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gain (loss) recognized in AOCI</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="9" rowspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gain (loss) reclassified into income from AOCI</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="9" rowspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Gain (loss) recognized in income on derivative</td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In millions</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">39 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(192)</td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(32)</td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest rate</td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Cash flow hedges</td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">39 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(205)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(30)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency denominated debt</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">381 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,660)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency derivatives</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">41 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(273)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Foreign currency derivatives(1)</div></td><td colspan="3" style="border-bottom:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Interest expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">22 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">31 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Net investment hedges</td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">422 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1,933)</td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">22 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">31 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign currency</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonoperating income/expense</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">(4)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:top">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:top">(6)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Selling, general & administrative expenses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Undesignated derivatives</td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(10)</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">(1)</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="42" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="margin-top:5pt;text-indent:22.5pt">(1)The amount of gain (loss) recognized in income related to components excluded from effectiveness testing.</div></td></tr></table></div>

39000000

-192000000

-32000000

7000000

-13000000

2000000

39000000

-205000000

-30000000

7000000

381000000

-1660000000

41000000

-273000000

22000000

31000000

422000000

-1933000000

22000000

31000000

-4000000

-6000000

5000000

-10000000

-1000000

488000000

-12000000

4000000

P18M

2400000000

66000000

15400000000

1300000000

56000000

<div>Franchise Arrangements</div><div style="margin-top:4.5pt;text-indent:24.75pt">Revenues from franchised restaurants consisted of:</div><div style="margin-top:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.387%"><tr><td style="width:1.0%"></td><td style="width:56.277%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.053%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.053%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.053%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.054%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Quarters Ended</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Six Months Ended</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 30,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Rents</td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">2,760 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">2,677 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">5,264 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">4,990 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Royalties</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,613 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,517 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,096 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,847 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Initial fees</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Revenues from franchised restaurants</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,393 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,213 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,399 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,874 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

<div style="margin-top:4.5pt;text-indent:24.75pt">Revenues from franchised restaurants consisted of:</div><div style="margin-top:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.387%"><tr><td style="width:1.0%"></td><td style="width:56.277%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.053%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.053%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.053%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.439%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.054%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Quarters Ended</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">Six Months Ended</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle">June 30,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">In millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Rents</td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">2,760 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">2,677 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">5,264 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">4,990 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Royalties</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,613 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,517 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,096 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,847 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">Initial fees</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top">Revenues from franchised restaurants</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,393 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,213 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,399 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,874 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 2760000000 2677000000 5264000000 4990000000

1613000000

1517000000

3096000000

2847000000

20000000 18000000 39000000 37000000 4393000000 4213000000 8399000000 7874000000

<div>Segment Information</div><div style="margin-top:4.5pt;text-indent:24.75pt">The Company operates under the following global organizational structure, which reflects how management reviews and evaluates operating performance:</div><div style="margin-top:4.5pt;padding-left:36pt;text-indent:-9pt">•U.S. segment - the Company's largest market. The segment is 95% franchised as of June 30, 2026.</div><div style="margin-top:4.5pt;padding-left:36pt;text-indent:-9pt">•International Operated Markets segment - comprised of markets, or countries in which the Company owns and operates and franchises restaurants, including Australia, Canada, France, Germany, Italy, Poland, Spain and the U.K. The segment is 90% franchised as of June 30, 2026. </div><div style="margin-top:4.5pt;padding-left:36pt;text-indent:-9pt">•International Developmental Licensed Markets & Corporate - comprised primarily of developmental licensee and affiliate markets in the McDonald’s System, including equity method investments in China and Japan, as well as Corporate activities. The International Developmental Licensed Markets are 99% franchised as of June 30, 2026.</div><div style="margin-top:4.5pt;text-align:justify;text-indent:24.75pt">The Company's chief operating decision makers ("CODMs") are the President and Chief Executive Officer ("CEO") and the Executive Vice President and Global Chief Financial Officer ("CFO"). Segment performance is evaluated based on one measure of a segment's profit or loss, operating income, which is used to allocate resources in the annual planning process. Throughout the year, the CODMs consider forecast to actual operating income results and variances against plan to evaluate segment performance and priorities related to allocation of capital and resources supporting organizational objectives.</div><div style="margin-top:4.5pt;text-align:justify;text-indent:24.75pt">All intercompany revenues and expenses are eliminated in computing revenues and operating income. Corporate general and administrative expenses consist of corporate office support costs in areas such as facilities, finance, human resources, information technology, legal, marketing, restaurant operations, supply chain and training. Corporate assets include cash and equivalents, financial instruments, deferred tax assets and office facilities. </div><div style="margin-top:9.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.039%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.488%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.641%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quarters Ended</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"> </div></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">In millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,827 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,781 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,409 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,276 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,603 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,462 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,928 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,377 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">669 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">600 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,279 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,145 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Revenues</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,099 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,843 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,616 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,799 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">320 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">325 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">643 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">643 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">359 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">328 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">712 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">630 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Franchised restaurants-occupancy expenses</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">680 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">654 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,356 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,274 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">693 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">694 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,362 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,339 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,322 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,286 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,577 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,409 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">97 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">230 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">189 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Company-operated restaurant expenses</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,138 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,078 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,170 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,937 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">147 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">149 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">287 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">292 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">190 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">174 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">378 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">335 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">479 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">377 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">911 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">755 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Selling, general, & administrative expenses</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">817 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">700 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,576 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,383 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">93 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">85 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">164 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">172 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">38 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">31 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">55 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">74 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Other segment items*</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">126 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">178 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">223 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">325 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,573 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,527 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,953 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,829 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,723 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,635 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,230 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,924 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">70 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">109 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">127 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Operating income</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,338 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,232 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,292 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,880 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">357 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">318 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">631 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">543 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">466 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">418 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">868 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">739 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Capital expenditures</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">831 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">744 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,516 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,295 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">246 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">252 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">497 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">493 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">217 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">196 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">430 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">378 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">103 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">95 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">205 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">193 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Depreciation & amortization**</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">565 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">544 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,131 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,064 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div> </div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.833%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.166%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.333%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.168%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle">In millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,189 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,008 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,739 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,487 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,992 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,020 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Assets</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">59,920 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">59,515 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt">*Other segment items is the difference between revenues less the significant expenses disclosed and operating income. This includes other restaurant expenses and other operating expenses included in the Other operating (income) expense, net line within the Condensed Consolidated Statement of Income.</div><div style="margin-top:4.5pt">**Total depreciation & amortization is included within the respective expense lines disclosed above, such as Company-operated restaurant expenses, Franchised restaurants-occupancy expenses, and Selling, general & administrative expenses.</div>

0.95

0.90

0.99

<div style="margin-top:9.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.039%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.488%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.641%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Quarters Ended</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Six Months Ended</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"> </div></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle">In millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,827 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,781 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,409 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,276 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,603 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,462 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,928 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,377 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">669 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">600 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,279 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,145 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Revenues</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,099 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,843 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,616 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,799 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">320 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">325 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">643 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">643 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">359 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">328 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">712 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">630 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Franchised restaurants-occupancy expenses</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">680 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">654 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,356 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,274 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">693 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">694 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,362 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,339 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,322 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,286 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,577 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,409 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">97 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">230 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">189 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Company-operated restaurant expenses</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,138 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,078 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,170 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,937 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">147 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">149 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">287 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">292 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">190 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">174 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">378 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">335 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">479 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">377 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">911 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">755 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Selling, general, & administrative expenses</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">817 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">700 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,576 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,383 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">93 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">85 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">164 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">172 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">38 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">31 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">55 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">74 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Other segment items*</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">126 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">178 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">223 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">325 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,573 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,527 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,953 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,829 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,723 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,635 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,230 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,924 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">70 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">109 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">127 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Operating income</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,338 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,232 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,292 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,880 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">357 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">318 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">631 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">543 </td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">466 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">418 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">868 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">739 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Capital expenditures</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">831 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">744 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,516 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,295 </td><td style="border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">246 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">252 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">497 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">493 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">217 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">196 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">430 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">378 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">103 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">95 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">205 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">193 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Depreciation & amortization**</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">565 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">544 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,131 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,064 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div> </div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.833%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.166%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.333%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.168%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle">In millions</td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2026</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">December 31, 2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top">U.S.</td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,189 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,008 </td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Operated Markets</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,739 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,487 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top">International Developmental Licensed Markets & Corporate</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,992 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,020 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt dotted #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top">Total Assets</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">59,920 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">59,515 </td><td style="border-bottom:1pt solid #000000;border-top:1pt dotted #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

2827000000

2781000000

5409000000

5276000000

3603000000

3462000000

6928000000

6377000000

669000000

600000000

1279000000

1145000000

7099000000

6843000000

13616000000

12799000000

320000000 325000000 643000000 643000000 359000000 328000000 712000000 630000000 0 0 0 1000000 680000000 654000000 1356000000 1274000000 693000000 694000000 1362000000 1339000000 1322000000 1286000000 2577000000 2409000000 123000000 97000000 230000000 189000000 2138000000 2078000000 4170000000 3937000000

147000000

149000000

287000000

292000000

190000000

174000000

378000000

335000000

479000000

377000000

911000000

755000000

817000000

700000000

1576000000

1383000000

93000000

85000000

164000000

172000000

8000000

38000000

31000000

80000000

25000000

55000000

28000000

74000000

126000000

178000000

223000000

325000000

1573000000

1527000000

2953000000

2829000000

1723000000

1635000000

3230000000

2924000000

42000000

70000000

109000000

127000000

3338000000

3232000000

6292000000

5880000000

357000000

318000000

631000000

543000000

466000000

418000000

868000000

739000000

8000000

9000000

17000000

13000000

831000000

744000000

1516000000

1295000000

246000000

252000000

497000000

493000000

217000000

196000000

430000000

378000000

103000000

95000000

205000000

193000000

565000000

544000000

1131000000

1064000000

23189000000 23008000000 27739000000 27487000000 8992000000 9020000000

59920000000

59515000000

3.32

6.10

4393000000 4213000000 2525000000 2458000000 182000000 172000000

7099000000

6843000000

680000000

654000000

2138000000 2078000000

163000000

149000000

111000000

106000000

706000000

595000000

37000000

-29000000

3760000000

3611000000

3338000000

3232000000

409000000

390000000

-6000000

-18000000

2936000000 2861000000

574000000

608000000

2362000000

2253000000

3.33

3.15

3.32

3.14

8399000000 7874000000 4842000000 4590000000 375000000 334000000

13616000000

12799000000

1356000000

1274000000

4170000000 3937000000

329000000

289000000

222000000

213000000

1354000000

1170000000

106000000

-36000000

7324000000

6918000000

6292000000

5880000000

809000000

766000000

5000000

-76000000

5478000000 5190000000

1133000000

1069000000

4345000000

4121000000

6.12

5.77

6.10

5.74

7099000000

6843000000

3338000000

3232000000

2362000000

2253000000

3.32

3.14

13616000000

12799000000

6292000000

5880000000

4345000000

4121000000

6.10

5.74

2362000000

3.32

4345000000

6.10

2362000000

2253000000

3.32

3.14

4345000000

4121000000

6.10

5.74

182000000 172000000

7099000000

6843000000

375000000 334000000

13616000000

12799000000

37000000

-29000000

106000000

-36000000

1723000000

42000000

2953000000

2829000000

3230000000

2924000000

109000000

127000000

3338000000

3232000000

6292000000

5880000000

-6000000

-18000000

5000000

-76000000

0.195

0.213

0.207

0.206