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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Sales $ 602.1 $ 558.6 $ 1,152.5 $ 1,049.1
Franchise and property revenues 530.6 481.6 980.8 909.6
Total revenues 1,132.7 1,040.2 2,133.3 1,958.7
Operating costs and expenses:        
Cost of sales 460.2 438.0 883.6 828.6
Franchise and property expenses 113.7 111.9 224.7 213.7
Selling, general and administrative expenses 96.7 73.1 218.6 146.3
(Income) loss from equity method investments 0.9 4.5 (4.8) (14.0)
Other operating expenses (income), net 46.8 (11.3) 60.6 29.5
Total operating costs and expenses 718.3 616.2 1,382.7 1,204.1
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 0.0 0.0 20.4 0.0
Income before income taxes 286.4 306.8 490.8 522.3
Income tax expense 42.9 59.2 80.7 106.4
Net income 243.5 247.6 410.1 415.9
Net income attributable to noncontrolling interests (Note 11) 0.4 0.9 0.8 1.8
Partnership preferred unit distributions 67.5 67.5 135.0 135.0
Net income attributable to common unitholders $ 175.6 $ 179.2 $ 274.3 $ 279.1
Weighted average units outstanding - basic and diluted        
Weighted average units outstanding - basic and diluted (shares) 428.9 429.2 428.9 430.5
Class A common units        
Operating costs and expenses:        
Net income     $ 208.4  
Net income attributable to common unitholders $ 89.5 $ 90.9 $ 139.7 $ 140.9
Earnings per unit - basic and diluted        
Earnings per unit - basic and diluted (in dollars per share) $ 0.44 $ 0.45 $ 0.69 $ 0.70
Weighted average units outstanding - basic and diluted        
Weighted average units outstanding - basic and diluted (shares) 202.0 202.0 202.0 202.0
Distributions per unit        
Distributions Dividend Per Common Share (in dollars per share) $ 0.22 $ 0.17 $ 0.43 $ 0.33
Partnership Exchangeable Units        
Operating costs and expenses:        
Net income     $ 200.9  
Net income attributable to common unitholders $ 86.1 $ 88.3 $ 134.6 $ 138.2
Earnings per unit - basic and diluted        
Earnings per unit - basic and diluted (in dollars per share) $ 0.38 $ 0.39 $ 0.59 $ 0.60
Weighted average units outstanding - basic and diluted        
Weighted average units outstanding - basic and diluted (shares) 226.9 227.2 226.9 228.5
Distributions per unit        
Distributions Dividend Per Common Share (in dollars per share) $ 0.19 $ 0.15 $ 0.37 $ 0.29