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Condensed Consolidated Statement of Net Income and Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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Jun. 30, 2011
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| Revenues | ||||
| Sales by Company-operated restaurants | $ 4,673.5 | $ 4,697.4 | $ 9,105.7 | $ 8,850.1 |
| Revenues from franchised restaurants | 2,242.4 | 2,208.0 | 4,356.8 | 4,166.9 |
| Total revenues | 6,915.9 | 6,905.4 | 13,462.5 | 13,017.0 |
| Operating costs and expenses | ||||
| Company-operated restaurant expenses | 3,823.8 | 3,806.8 | 7,478.2 | 7,223.5 |
| Franchised restaurants-occupancy expenses | 376.2 | 373.0 | 750.9 | 727.3 |
| Selling, general & administrative expenses | 617.3 | 588.0 | 1,209.8 | 1,151.6 |
| Impairment and other charges (credits), net | 2.4 | 2.4 | ||
| Other operating (income) expense, net | (56.4) | (53.9) | (96.0) | (102.8) |
| Total operating costs and expenses | 4,760.9 | 4,716.3 | 9,342.9 | 9,002.0 |
| Operating income | 2,155.0 | 2,189.1 | 4,119.6 | 4,015.0 |
| Interest expense | 130.0 | 121.8 | 258.9 | 241.9 |
| Nonoperating (income) expense, net | 15.1 | 0.9 | 3.3 | 7.8 |
| Income before provision for income taxes | 2,009.9 | 2,066.4 | 3,857.4 | 3,765.3 |
| Provision for income taxes | 662.9 | 656.2 | 1,243.7 | 1,146.1 |
| Net income | 1,347.0 | 1,410.2 | 2,613.7 | 2,619.2 |
| Earnings per common share-basic | $ 1.33 | $ 1.36 | $ 2.57 | $ 2.52 |
| Earnings per common share-diluted | $ 1.32 | $ 1.35 | $ 2.54 | $ 2.49 |
| Dividends declared per common share | $ 0.70 | $ 0.61 | $ 1.40 | $ 1.22 |
| Weighted average shares outstanding-basic | 1,013.8 | 1,035.6 | 1,016.0 | 1,039.0 |
| Weighted average shares outstanding-diluted | 1,023.9 | 1,047.7 | 1,027.1 | 1,051.4 |
| Comprehensive income | $ 832.6 | $ 1,700.4 | $ 2,448.8 | $ 3,410.7 |
| X | ||||||||||
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- Definition
Cost of sales and controllable expenses associated with company-operated restaurants. No definition available.
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- Definition
Sum of operating profit and nonoperating income (expense) before income taxes. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Costs incurred and are directly related to generating franchise revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period from consideration (often a percentage of the franchisee's sales) received for the right to operate a business using the entity's name, merchandise, services, methodologies, promotional support, marketing, and supplies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition
The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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