Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Change in contract liabilities

The following table reflects the change in contract liabilities between December 31, 2019 and September 30, 2020 (in millions):

Contract Liabilities	TH		BK		PLK		Consolidated
Balance at December 31, 2019	$	64	$	449	$	28	$	541
Recognized during period and included in the contract liability balance at the beginning of the year	(7)		(50)		(2)		(59)
Increase, excluding amounts recognized as revenue during the period	5		15		9		29
Impact of foreign currency translation	(1)		7		—		6
Balance at September 30, 2020	$	61	$	421	$	35	$	517

Schedule of estimated revenues expected to be recognized

The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2020 (in millions):

Contract liabilities expected to be recognized in	TH		BK		PLK		Consolidated
Remainder of 2020	$	2	$	9	$	1	$	12
2021	8		34		2		44
2022	8		33		2		43
2023	7		32		2		41
2024	7		31		2		40
Thereafter	29		282		26		337
Total	$	61	$	421	$	35	$	517

Disaggregation of total revenues

Total revenues consist of the following (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Sales	$	541	$	624	$	1,450	$	1,735
Royalties	581		602		1,576		1,706
Property revenues	196		215		532		628
Franchise fees and other revenue	19		17		52		55
Total revenues	$	1,337	$	1,458	$	3,610	$	4,124