Intangible Assets, net and Goodwill (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets, Net and Goodwill

Intangible assets, net and goodwill consist of the following (in millions):

	As of
	September 30, 2020						December 31, 2019
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Identifiable assets subject to amortization:
Franchise agreements	$	724	$	(252)	$	472	$	720	$	(225)	$	495
Favorable leases	116		(63)		53		127		(65)		62
Subtotal	840		(315)		525		847		(290)		557
Indefinite-lived intangible assets:
Tim Hortons brand	$	6,390	$	—	$	6,390	$	6,534	$	—	$	6,534
Burger King brand	2,145		—		2,145		2,117		—		2,117
Popeyes brand	1,355		—		1,355		1,355		—		1,355
Subtotal	9,890		—		9,890		10,006		—		10,006
Intangible assets, net					$	10,415					$	10,563
Goodwill
Tim Hortons segment	$	4,119					$	4,207
Burger King segment	606						598
Popeyes segment	846						846
Total	$	5,571					$	5,651