v3.19.2
Franchise Arrangements (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Disclosure Franchise Arrangements Additional Information [Abstract]    
Revenues from Franchised Restaurants
Revenues from franchised restaurants consisted of:
 
 
 
 
 
 
 
 
 
Quarters Ended
 
Six Months Ended
 
June 30,
 
June 30,
In millions
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Rents
$
1,898.6

 
$
1,776.4

 
$
3,646.2

 
$
3,437.7

Royalties
1,031.8

 
972.7

 
1,988.5

 
1,904.7

Initial fees
10.5

 
9.9

 
21.3

 
19.9

Revenues from franchised restaurants
$
2,940.9

 
$
2,759.0

 
$
5,656.0

 
$
5,362.3


  
Schedule of Future Minimum Rental Payments for Operating Leases
As of June 30, 2019, future gross minimum rent payments due to the Company under existing conventional franchise arrangements were:
In millions
 
Owned sites
 
Leased sites
 
Total
2019
 
$
788.8

 
$
727.2

 
$
1,516.0

2020
 
1,534.5

 
1,405.5

 
2,940.0

2021
 
1,476.9

 
1,335.6

 
2,812.5

2022
 
1,412.7

 
1,262.7

 
2,675.4

2023
 
1,357.7

 
1,201.1

 
2,558.8

Thereafter
 
12,161.4

 
9,689.3

 
21,850.7

Total minimum payments
 
$
18,732.0

 
$
15,621.4

 
$
34,353.4
As of December 31, 2018, future minimum payments required under existing operating leases with initial terms of one year or more were:
In millions
Restaurant
 
 
Other

 
Total *

2019
 
$
1,093.4

 
$
51.3

 
$
1,144.7

2020
 
1,032.1

 
51.0

 
1,083.1

2021
 
955.5

 
45.7

 
1,001.2

2022
 
873.8

 
35.7

 
909.5

2023
 
806.0

 
24.6

 
830.6

Thereafter
 
7,132.3

 
164.9

 
7,297.2

Total minimum payments
 
$
11,893.1

 
$
373.2

 
$
12,266.3

*
Future minimum payments exclude option periods that have not yet been exercised.