v3.24.2.u1
Segment Information
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information
Segment Information
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. The segment is 95% franchised as of June 30, 2024.
International Operated Markets - comprised of markets or countries in which the Company owns and operates and franchises restaurants, including Australia, Canada, France, Germany, Italy, Poland, Spain and the U.K. The segment is 89% franchised as of June 30, 2024.
International Developmental Licensed Markets & Corporate - comprised primarily of developmental licensee and affiliate markets in the McDonald’s System, including equity method investments in China and Japan. Corporate activities are also reported in this segment. The segment is 98% franchised as of June 30, 2024.
The following table presents the Company’s revenues and operating income by segment:
Quarters EndedSix Months Ended
  
June 30,June 30,
In millions2024202320242023
Revenues
U.S.$2,698 $2,701 $5,258 $5,189 
International Operated Markets3,147 3,156 6,134 5,950 
International Developmental Licensed Markets & Corporate645 641 1,267 1,256 
Total revenues$6,490 $6,498 $12,659 $12,395 
Operating Income
U.S.$1,511 $1,495 $2,907 $2,790 
International Operated Markets1,493 1,518 2,858 2,710 
International Developmental Licensed Markets & Corporate(84)92 (109)136 
Total operating income$2,920 $3,104 $5,655 $5,637