| Revenues and Operating Income by Geographic Segment |
| | | | | | | | | | | | | | | | | | | | | | In millions | 2025 | | 2024 | | 2023 | | | U.S. | $ | 10,825 | | | $ | 10,631 | | | $ | 10,568 | | | | International Operated Markets | 13,633 | | | 12,628 | | | 12,382 | | | | International Developmental Licensed Markets & Corporate | 2,427 | | | 2,661 | | | 2,543 | | | | Total Revenues | $ | 26,885 | | | $ | 25,920 | | | $ | 25,494 | | | | U.S. | $ | 1,293 | | | $ | 1,294 | | | $ | 1,286 | | | | International Operated Markets | 1,324 | | | 1,231 | | | 1,170 | | | | International Developmental Licensed Markets & Corporate | 1 | | | 11 | | | 19 | | | | Total Franchised restaurants-occupancy expenses | $ | 2,618 | | | $ | 2,536 | | | $ | 2,475 | | | | U.S. | $ | 2,755 | | | $ | 2,780 | | | $ | 2,732 | | | | International Operated Markets | 5,101 | | | 4,765 | | | 4,707 | | | | International Developmental Licensed Markets & Corporate | 413 | | | 790 | | | 785 | | | | Total Company-operated restaurant expenses | $ | 8,268 | | | $ | 8,334 | | | $ | 8,224 | | | | U.S. | $ | 653 | | | $ | 654 | | | $ | 661 | | | | International Operated Markets | 705 | | | 631 | | | 635 | | | | International Developmental Licensed Markets & Corporate | 1,682 | | | 1,573 | | | 1,521 | | | | Total Selling, general & administrative expenses | $ | 3,039 | | | $ | 2,858 | | | $ | 2,817 | | | | U.S. | $ | 316 | | | $ | 170 | | | $ | 195 | | | | International Operated Markets | 122 | | | 55 | | | 39 | | | | International Developmental Licensed Markets & Corporate | 128 | | | 254 | | | 97 | | | | Total Other segment items* | $ | 566 | | | $ | 480 | | | $ | 331 | | | | U.S. | $ | 5,808 | | | $ | 5,733 | | | $ | 5,694 | | | | International Operated Markets | 6,382 | | | 5,946 | | | 5,831 | | | | International Developmental Licensed Markets & Corporate | 203 | | | 33 | | | 121 | | | | Total Operating income | $ | 12,393 | | | $ | 11,712 | | | $ | 11,647 | | | | U.S. | $ | 23,008 | | | $ | 22,547 | | | $ | 22,477 | | | | International Operated Markets | 27,487 | | | 23,491 | | | 23,947 | | | | International Developmental Licensed Markets & Corporate | 9,020 | | | 9,143 | | | 9,723 | | | | Total Assets | $ | 59,515 | | | $ | 55,182 | | | $ | 56,147 | | | | U.S. | $ | 1,277 | | | $ | 1,055 | | | $ | 963 | | | | International Operated Markets | 2,048 | | | 1,661 | | | 1,340 | | | | International Developmental Licensed Markets & Corporate | 40 | | | 58 | | | 54 | | | | Total Capital expenditures | $ | 3,365 | | | $ | 2,775 | | | $ | 2,357 | | | | U.S. | $ | 995 | | | $ | 980 | | | $ | 969 | | | | International Operated Markets | 789 | | | 730 | | | 679 | | | | International Developmental Licensed Markets & Corporate | 415 | | | 387 | | | 330 | | | | Total Depreciation & amortization** | $ | 2,199 | | | $ | 2,097 | | | $ | 1,978 | | |
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