| Segment Information |
Segment Information On February 25, 2019, the Company provided investors with segment summary financial information and other data in accordance with its new organizational structure for the previously reported years ended December 31, 2016 through 2018 and quarters ended March 31, 2018 through December 31, 2018. Effective January 1, 2019, the Company operates under an organizational structure with the following global business segments reflecting how management reviews and evaluates operating performance: | | • | U.S. - the Company's largest market. |
| | • | International Operated Markets - comprised of wholly-owned markets, or countries in which the Company operates restaurants, including Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain and the U.K. |
| | • | International Developmental Licensed Markets & Corporate - comprised of primarily developmental licensee and affiliate markets in the McDonald’s system. Corporate activities are also reported within this segment. |
In April 2019, the Company completed the acquisition of Dynamic Yield and the related financial performance which is reflected within the International Developmental Licensed Markets & Corporate segment from the date of acquisition. The following table presents the Company’s revenues and operating income by segment: | | | | | | | | | | | | | | | | | | Quarters Ended | | Six Months Ended | | June 30, | | June 30, | In millions | 2019 | | 2018 | | 2019 | | 2018 | Revenues | | | | | | | | U.S. | $ | 2,007.6 |
| | $ | 1,961.2 |
| | $ | 3,853.8 |
| | $ | 3,828.4 |
| International Operated Markets | 2,884.3 |
| | 2,936.4 |
| | 5,547.3 |
| | 5,746.4 |
| International Developmental Licensed Markets & Corporate | 449.4 |
| | 456.3 |
| | 895.8 |
| | 918.0 |
| Total revenues | $ | 5,341.3 |
| | $ | 5,353.9 |
| | $ | 10,296.9 |
| | $ | 10,492.8 |
| Operating Income | | | | | | | | U.S. | $ | 1,048.8 |
| | $ | 999.2 |
| | 2,000.7 |
| | 1,997.2 |
| International Operated Markets | 1,218.8 |
| | 1,189.0 |
| | 2,266.8 |
| | 2,238.1 |
| International Developmental Licensed Markets & Corporate | 6.3 |
| | 74.1 |
| | 100.4 |
| | 170.1 |
| Total operating income | $ | 2,273.9 |
| | $ | 2,262.3 |
| | 4,367.9 |
| | 4,405.4 |
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