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Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Expense
Share-based compensation expense consists of the following for the periods presented (in millions):
202120202019
Total share-based compensation expense - Stock options and RSUs (a)(b)$88 $74 $68 

(a)Includes $2 million, $3 million, and $4 million due to modification of awards in 2021, 2020 and 2019, respectively.
(b)Generally classified as general and administrative expenses in the consolidated statements of operations.
Schedule of the Significant Assumptions Used During the Year to Estimate the Fair Value of Stock Options
The following assumptions were used in the Black-Scholes option-pricing model to determine the fair value of stock option awards at the grant date:
202120202019
Risk-free interest rate1.29%1.29%1.82%
Expected term (in years)5.885.886.19
Expected volatility23.9%23.9%25.5%
Expected dividend yield3.14%3.14%3.09%
Schedule of Option Activity under the Various Plan
The following is a summary of stock option activity under our plans for the year ended December 31, 2021:
Total Number of
Options 
(in 000’s)		Weighted 
Average
Exercise Price		Aggregate 
Intrinsic
Value (a)
(in 000’s)		Weighted 
Average
Remaining
Contractual Term
(Years)
Outstanding at January 1, 20218,202 $51.86 
Granted15 $65.11 
Exercised(1,594)$37.83 
Forfeited(416)$63.00 
Outstanding at December 31, 20216,207 $54.80 $48,468 5.6
Exercisable at December 31, 20211,961 $39.68 $41,255 3.3
Vested or expected to vest at December 31, 20215,671 $54.10 $47,650 5.5

(a)The intrinsic value represents the amount by which the fair value of RBI's stock exceeds the option exercise price at December 31, 2021.
Schedule of Time-vested RSUs and Performance-based RSUs Activity
The following is a summary of time-vested RSUs and performance-based RSUs activity for the year ended December 31, 2021:
 Time-vested RSUsPerformance-based RSUs
 Total Number of
Shares
(in 000’s)		Weighted Average
Grant Date Fair
Value		Total Number of
Shares
(in 000’s)		Weighted Average
Grant Date Fair
Value
Outstanding at January 1, 20211,761 $49.99 4,869 $56.96 
Granted1,566 $60.97 425 $57.60 
Vested and settled(455)$39.54 (1,189)$38.07 
Dividend equivalents granted68 $— 133 $— 
Forfeited(176)$61.98 (343)$67.36 
Outstanding at December 31, 20212,764 $57.47 3,895 $62.09