Condensed Consolidated Statements of Equity - USD ($) $ in Millions |
Total |
Partnership Exchangeable Units |
Accumulated Other Comprehensive Income (Loss) |
Noncontrolling Interest |
Class A common units |
Class A common units
Class A Common Units
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
|
208,565,254
|
| Beginning balance at Dec. 31, 2024 |
$ 4,843
|
$ (4,241)
|
$ (1,525)
|
$ 2
|
|
$ 10,607
|
| Partnership exchangeable units beginning balance (in shares) at Dec. 31, 2024 |
|
127,038,577
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Distributions declared on Class A common units |
(203)
|
|
|
|
|
$ (203)
|
| Distributions declared on partnership exchangeable units |
(79)
|
$ (79)
|
|
|
|
|
| Exchange of Partnership exchangeable units for RBI common shares (in shares) |
|
(55,462)
|
|
|
|
55,462
|
| Exchange of Partnership exchangeable units for RBI common shares |
0
|
$ (4)
|
|
|
|
$ 4
|
| Capital contribution from RBI |
67
|
|
|
|
|
67
|
| Net income |
221
|
62
|
|
|
|
$ 159
|
| Other comprehensive income (loss) |
(25)
|
|
(25)
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
208,620,716
|
| Ending balance at Mar. 31, 2025 |
4,824
|
$ (4,262)
|
(1,550)
|
2
|
|
$ 10,634
|
| Partnership exchangeable units ending balance (in shares) at Mar. 31, 2025 |
|
126,983,115
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
|
208,565,254
|
| Beginning balance at Dec. 31, 2024 |
4,843
|
$ (4,241)
|
(1,525)
|
2
|
|
$ 10,607
|
| Partnership exchangeable units beginning balance (in shares) at Dec. 31, 2024 |
|
127,038,577
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
920
|
|
|
|
|
|
| Other comprehensive income (loss) |
116
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
|
|
|
208,620,716
|
| Ending balance at Sep. 30, 2025 |
5,165
|
$ (4,225)
|
(1,409)
|
2
|
|
$ 10,797
|
| Partnership exchangeable units ending balance (in shares) at Sep. 30, 2025 |
|
126,983,115
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
208,620,716
|
| Beginning balance at Mar. 31, 2025 |
4,824
|
$ (4,262)
|
(1,550)
|
2
|
|
$ 10,634
|
| Partnership exchangeable units beginning balance (in shares) at Mar. 31, 2025 |
|
126,983,115
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Distributions declared on Class A common units |
(203)
|
|
|
|
|
(203)
|
| Distributions declared on partnership exchangeable units |
(79)
|
$ (79)
|
|
|
|
|
| Capital contribution from RBI |
36
|
|
|
|
|
36
|
| Net income |
263
|
74
|
|
|
|
$ 189
|
| Other comprehensive income (loss) |
249
|
|
249
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
|
208,620,716
|
| Ending balance at Jun. 30, 2025 |
5,090
|
$ (4,267)
|
(1,301)
|
2
|
|
$ 10,656
|
| Partnership exchangeable units ending balance (in shares) at Jun. 30, 2025 |
|
126,983,115
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Distributions declared on Class A common units |
(203)
|
|
|
|
|
(203)
|
| Distributions declared on partnership exchangeable units |
(79)
|
$ (79)
|
|
|
|
|
| Capital contribution from RBI |
29
|
|
|
|
|
29
|
| Net income |
436
|
121
|
|
|
|
$ 315
|
| Other comprehensive income (loss) |
(108)
|
|
(108)
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
|
|
|
|
208,620,716
|
| Ending balance at Sep. 30, 2025 |
5,165
|
$ (4,225)
|
(1,409)
|
2
|
|
$ 10,797
|
| Partnership exchangeable units ending balance (in shares) at Sep. 30, 2025 |
|
126,983,115
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2025 |
|
|
|
|
226,247,286
|
226,247,286
|
| Beginning balance at Dec. 31, 2025 |
5,159
|
$ (5,515)
|
(1,334)
|
2
|
|
$ 12,006
|
| Partnership exchangeable units beginning balance (in shares) at Dec. 31, 2025 |
|
109,356,545
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Distributions declared on Class A common units |
(226)
|
|
|
|
|
$ (226)
|
| Distributions declared on partnership exchangeable units |
(71)
|
$ (71)
|
|
|
|
|
| Exchange of Partnership exchangeable units for RBI common shares (in shares) |
|
(3,624)
|
|
|
|
3,624
|
| Exchange of Partnership exchangeable units for RBI common shares |
0
|
|
|
|
|
|
| Distribution to RBI for repurchase of RBI common shares |
(34)
|
|
|
|
|
$ (34)
|
| Capital contribution from RBI |
73
|
|
|
|
|
73
|
| Net income |
445
|
$ 107
|
|
|
|
$ 338
|
| Other comprehensive income (loss) |
(55)
|
|
(55)
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2026 |
|
|
|
|
|
226,250,910
|
| Ending balance at Mar. 31, 2026 |
5,291
|
$ (5,479)
|
(1,389)
|
2
|
|
$ 12,157
|
| Partnership exchangeable units ending balance (in shares) at Mar. 31, 2026 |
|
109,352,921
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2025 |
|
|
|
|
226,247,286
|
226,247,286
|
| Beginning balance at Dec. 31, 2025 |
5,159
|
$ (5,515)
|
(1,334)
|
2
|
|
$ 12,006
|
| Partnership exchangeable units beginning balance (in shares) at Dec. 31, 2025 |
|
109,356,545
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
1,814
|
|
|
|
|
|
| Other comprehensive income (loss) |
(254)
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
|
|
|
|
229,893,003
|
229,893,003
|
| Ending balance at Sep. 30, 2026 |
5,528
|
$ (5,780)
|
(1,588)
|
2
|
|
$ 12,894
|
| Partnership exchangeable units ending balance (in shares) at Sep. 30, 2026 |
|
102,926,279
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2026 |
|
|
|
|
|
226,250,910
|
| Beginning balance at Mar. 31, 2026 |
5,291
|
$ (5,479)
|
(1,389)
|
2
|
|
$ 12,157
|
| Partnership exchangeable units beginning balance (in shares) at Mar. 31, 2026 |
|
109,352,921
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Distributions declared on Class A common units |
(227)
|
|
|
|
|
$ (227)
|
| Distributions declared on partnership exchangeable units |
(69)
|
$ (69)
|
|
|
|
|
| Exchange of Partnership exchangeable units for RBI common shares (in shares) |
|
(3,599,548)
|
|
|
|
3,599,548
|
| Exchange of Partnership exchangeable units for RBI common shares |
0
|
$ (268)
|
|
|
|
$ 268
|
| Distribution to RBI for repurchase of RBI common shares |
(138)
|
|
|
|
|
(138)
|
| Capital contribution from RBI |
37
|
|
|
|
|
37
|
| Net income |
665
|
158
|
|
|
|
$ 507
|
| Other comprehensive income (loss) |
(164)
|
|
(164)
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2026 |
|
|
|
|
|
229,850,458
|
| Ending balance at Jun. 30, 2026 |
5,395
|
$ (5,658)
|
(1,553)
|
2
|
|
$ 12,604
|
| Partnership exchangeable units ending balance (in shares) at Jun. 30, 2026 |
|
105,753,373
|
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Distributions declared on Class A common units |
(227)
|
|
|
|
|
$ (227)
|
| Distributions declared on partnership exchangeable units |
(67)
|
$ (67)
|
|
|
|
|
| Exchange of Partnership exchangeable units for RBI common shares (in shares) |
|
(42,545)
|
|
|
|
42,545
|
| Exchange of Partnership exchangeable units for RBI common shares |
0
|
$ (3)
|
|
|
|
$ 3
|
| Repurchase of partnership exchangeable units (in shares) |
|
(2,784,549)
|
|
|
|
|
| Repurchase of partnership exchangeable units |
(214)
|
$ (214)
|
|
|
|
|
| Distribution to RBI for repurchase of RBI common shares |
(67)
|
|
|
|
|
(67)
|
| Capital contribution from RBI |
39
|
|
|
|
|
39
|
| Net income |
704
|
162
|
|
|
|
$ 542
|
| Other comprehensive income (loss) |
(35)
|
|
(35)
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
|
|
|
|
229,893,003
|
229,893,003
|
| Ending balance at Sep. 30, 2026 |
$ 5,528
|
$ (5,780)
|
$ (1,588)
|
$ 2
|
|
$ 12,894
|
| Partnership exchangeable units ending balance (in shares) at Sep. 30, 2026 |
|
102,926,279
|
|
|
|
|