Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Revenues by Geographic Segment

The following table presents revenues, by segment and by country (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Revenues by operating segment:
TH	$	772.3	$	759.8	$	1,505.9	$	1,417.6
BK	293.7		280.4		560.7		541.1
PLK	66.7		—		66.7		—
Total revenues	$	1,132.7	$	1,040.2	$	2,133.3	$	1,958.7
Revenues by country (a):
Canada	$	687.9	$	683.0	$	1,344.9	$	1,264.2
United States	313.2		246.3		545.6		475.8
Other	131.6		110.9		242.8		218.7
Total revenues	$	1,132.7	$	1,040.2	$	2,133.3	$	1,958.7

(a) Only Canada and the United States represented 10% or more of our total revenues in each period presented.

Reconciliation of Segment Income to Net Income (Loss)

A reconciliation of segment income to net income (loss) consists of the following (in millions).

	Three Months Ended June 30,					Six Months Ended June 30,
	2017		2016			2017		2016
Segment income:
TH	$	281.1	$	279.0		$	537.3	$	506.8
BK	216.8		200.1			403.9		380.1
PLK	33.2		—			33.2		—
Adjusted EBITDA	531.1		479.1			974.4		886.9
Share-based compensation and non-cash incentive compensation expense	11.9		11.3			30.4		19.2
PLK Transaction costs	8.5		—			42.9		—
Integration costs	—		3.8			—		6.0
Impact of equity method investments (a)	4.1		7.8			1.2		(7.9		)
Other operating expenses (income), net	46.8		(11.3		)	60.6		29.5
EBITDA	459.8		467.5			839.3		840.1
Depreciation and amortization	45.4		43.5			88.7		85.5
Income from operations	414.4		424.0			750.6		754.6
Interest expense, net	128.0		117.2			239.4		232.3
Loss on early extinguishment of debt	—		—			20.4		—
Income tax expense	42.9		59.2			80.7		106.4
Net income	$	243.5	$	247.6		$	410.1	$	415.9

(a) Represents (i) (income) loss from equity method investments and (ii) cash distributions received from our equity method investments. Cash distributions received from our equity method investments are included in segment income.