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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 1,048 $ 1,400 $ 2,273 $ 2,666
Operating costs and expenses:        
Cost of sales 339 453 738 859
Franchise and property expenses 134 135 260 268
Selling, general and administrative expenses 295 316 620 628
(Income) loss from equity method investments 16 2 18 0
Other operating expenses (income), net 21 3 5 (14)
Total operating costs and expenses 805 909 1,641 1,741
Income from operations 243 491 632 925
Interest expense, net 128 137 247 269
Income before income taxes 115 354 385 656
Income tax (benefit) expense (49) 97 (3) 153
Net income 164 257 388 503
Net income attributable to noncontrolling interests 1 0 1 0
Net income attributable to common unitholders 163 257 387 503
Class A common units        
Operating costs and expenses:        
Net income 106 142    
Net income attributable to common unitholders $ 106 $ 142 $ 250 $ 277
Earnings per unit - basic and diluted        
Earnings per unit - basic and diluted (in usd per share) $ 0.52 $ 0.70 $ 1.24 $ 1.37
Weighted average units outstanding - basic and diluted        
Weighted average units outstanding - basic and diluted (in shares) 202 202 202 202
Partnership exchangeable units        
Operating costs and expenses:        
Net income $ 57 $ 115    
Net income attributable to common unitholders $ 57 $ 115 $ 137 $ 226
Earnings per unit - basic and diluted        
Earnings per unit - basic and diluted (in usd per share) $ 0.35 $ 0.55 $ 0.83 $ 1.09
Weighted average units outstanding - basic and diluted        
Weighted average units outstanding - basic and diluted (in shares) 164 207 165 207
Sales        
Revenues:        
Sales $ 406 $ 589 $ 909 $ 1,111
Franchise and property revenues        
Revenues:        
Total revenues $ 642 $ 811 $ 1,364 $ 1,555