Quarterly Results (Unaudited)


	Quarters ended December 31				Quarters ended September 30						Quarters ended June 30				Quarters ended March 31
In millions, except per share data	*2011*		2010		*2011*			2010			*2011*		2010		*2011*		2010
Revenues
Sales by Company-operated restaurants	$	4,587.2	$	4,170.2	$	4,855.5		$	4,246.6		$	4,697.4	$	4,013.4	$	4,152.7	$	3,803.1
Revenues from franchised restaurants		2,235.5		2,043.9		2,310.8			2,058.3			2,208.0		1,932.1		1,958.9		1,807.0
Total revenues		6,822.7		6,214.1		7,166.3			6,304.9			6,905.4		5,945.5		6,111.6		5,610.1
Company-operated margin		856.1		790.4		972.2			892.6			890.6		798.6		736.0		692.2
Franchised margin		1,857.5		1,684.1		1,934.6			1,713.9			1,835.0		1,597.8		1,604.6		1,467.7
Operating income		2,120.0		1,857.2		2,394.7			2,096.5			2,189.1		1,845.3		1,825.9		1,674.1	⁽¹⁾
Net income	$	1,376.6	$	1,242.3	$	1,507.3		$	1,388.4		$	1,410.2	$	1,225.8	$	1,209.0	$	1,089.8	⁽¹⁾
Earnings per common share—basic	$	1.35	$	1.18	$	1.47		$	1.31		$	1.36	$	1.14	$	1.16	$	1.01	⁽¹⁾
Earnings per common share—diluted	$	1.33	$	1.16	$	1.45		$	1.29		$	1.35	$	1.13	$	1.15	$	1.00	⁽¹⁾
Dividends declared per common share					$	1.31	⁽²⁾	$	1.16	⁽³⁾	$	0.61	$	0.55	$	0.61	$	0.55
Weighted-average common shares—basic		1,022.0		1,055.0		1,028.8			1,061.0			1,035.6		1,072.1		1,042.4		1,076.0
Weighted-average common shares—diluted		1,034.7		1,068.8		1,041.3			1,074.9			1,047.7		1,085.9		1,054.6		1,090.1
Market price per common share:
High	$	101.00	$	80.94	$	91.22		$	76.26		$	84.91	$	71.84	$	77.59	$	67.49
Low		83.74		74.40		82.01			65.31			75.66		65.55		72.14		61.06
Close		100.33		76.76		87.82			74.51			84.32		65.87		76.09		66.72

(1)

Includes pretax and after tax expense due to Impairment and other charges (credits), net of $30.0 million ($0.03 per share) related to the Company’s share of restaurant closing costs in McDonald’s Japan (a 50%-owned affiliate).

(2)

Includes a $0.61 per share dividend declared and paid in third quarter and a $0.70 per share dividend declared in third quarter and paid in fourth quarter.

(3)

Includes a $0.55 per share dividend declared and paid in third quarter and a $0.61 per share dividend declared in third quarter and paid in fourth quarter.