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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) 86.5 89.2 135.4 140.0
Preferred share dividends 67.5 67.5 135.0 135.0
Net income attributable to common shareholders $ 89.5 $ 90.9 $ 139.7 $ 140.9
Earnings per common share        
Basic (in usd per share) $ 0.38 $ 0.39 $ 0.59 $ 0.61
Diluted (in usd per share) $ 0.37 $ 0.38 $ 0.57 $ 0.59
Weighted average shares outstanding        
Basic (shares) 235.8 233.5 235.2 231.8
Diluted (shares) 478.0 470.1 477.3 469.2
Cash dividends declared per common share (in usd per share) $ 0.19 $ 0.15 $ 0.37 $ 0.29