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Condensed Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Sales by Company-operated restaurants $ 2,286.4 $ 2,416.6 $ 5,905.9 $ 7,057.5
Revenues from franchised restaurants 3,044.8 3,014.0 7,740.8 8,670.0
Other Revenues 86.9 71.7 247.3 208.7
Total revenues 5,418.1 5,502.3 13,894.0 15,936.2
Operating costs and expenses        
Company-operated restaurant expenses 1,876.3 1,967.7 5,077.5 5,821.0
Franchised restaurants-occupancy expenses 567.9 559.5 1,646.6 1,637.3
Other Restaurant Expenses 69.2 57.5 198.0 166.2
Depreciation and Amortization 75.8 69.0 220.3 193.6
Other Selling, General and Administrative Expense 454.7 474.6 1,547.0 1,382.2
Other operating (income) expense, net (152.2) (35.3) 23.5 (41.3)
Total operating costs and expenses 2,891.7 3,093.0 8,712.9 9,159.0
Operating income 2,526.4 2,409.3 5,181.1 6,777.2
Interest expense 310.1 280.6 909.2 838.9
Nonoperating (income) expense, net (0.8) (23.5) (38.8) (53.0)
Income before provision for income taxes 2,217.1 2,152.2 4,310.7 5,991.3
Provision for income taxes 454.5 544.3 957.4 1,538.1
Net income $ 1,762.6 $ 1,607.9 $ 3,353.3 $ 4,453.2
Earnings per common share-basic $ 2.37 $ 2.13 $ 4.50 $ 5.85
Earnings per common share-diluted 2.35 2.11 4.47 5.80
Dividends declared per common share $ 1.25 $ 2.41 $ 3.75 $ 4.73
Weighted average shares outstanding-basic 744.5 756.6 744.4 761.1
Weighted average shares outstanding-diluted 750.0 763.9 749.8 768.1