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Segment Information
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Information

NOTE 8 – SEGMENT INFORMATION

The Partnership has determined it has two operating and reportable segments based upon geographic location, the U.S. and Canada. Canada segment information, as reported in the following table, is based upon the consolidated financial statements of the Partnership's Canada operations, which primarily occur through a non-guaranteed subsidiary of the Partnership. The U.S. segment information is derived from the Consolidated Financial Statements less the Canada segment information as presented. Pre-variable income represents income before variable compensation expense and before allocations to partners. This is consistent with how management reviews the segments to assess performance.

 

The following table shows financial information for the Partnership’s reportable segments:

 

Three Months Ended

 

 

March 31, 2023

 

 

March 25, 2022

 

Net revenue:

 

 

 

 

 

U.S.

$

3,190

 

 

$

2,944

 

Canada

 

95

 

 

 

89

 

Total net revenue

$

3,285

 

 

$

3,033

 

 

 

 

 

 

 

Pre-variable income:

 

 

 

 

 

U.S.

$

793

 

 

$

819

 

Canada

 

20

 

 

 

17

 

Total pre-variable income

$

813

 

 

$

836

 

 

 

 

 

 

 

Variable compensation:

 

 

 

 

 

U.S.

$

403

 

 

$

464

 

Canada

 

9

 

 

 

11

 

Total variable compensation

$

412

 

 

$

475

 

 

 

 

 

 

 

Income before allocations to partners:

 

 

 

 

 

U.S.

$

390

 

 

$

355

 

Canada

 

11

 

 

 

6

 

Total income before allocations to partners

$

401

 

 

$

361