RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP, 10-Q filed on 8/6/2020
Quarterly Report
v3.20.2
Cover - shares
 6 Months Ended
Jun. 30, 2020
Jul. 31, 2020
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2020  
Document Transition Report false  
Entity File Number 001-36787  
Entity Registrant Name RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP  
Entity Incorporation, State or Country Code Z4  
Entity Tax Identification Number 98-1206431  
Entity Address, Address Line One 130 King Street West, Suite 300  
Entity Address, City or Town Toronto,  
Entity Address, State or Province ON  
Entity Address, Postal Zip Code M5X 1E1  
City Area Code 905  
Local Phone Number 845-6511  
Title of 12(g) Security Class B exchangeable limited partnership units  
Trading Symbol QSP  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Document Fiscal Year Focus 2020  
Document Fiscal Period Focus Q2  
Entity Central Index Key 0001618755  
Current Fiscal Year End Date --12-31  
Partnership exchangeable units    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding (in shares)   162,426,062
Class A common units    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding (in shares)   202,006,067
v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:            
Cash and cash equivalents $ 1,540   $ 1,533 $ 1,028   $ 913
Accounts and notes receivable, net of allowance of $41 and $13, respectively 520   527      
Inventories, net 96   84      
Prepaids and other current assets 71   52      
Total current assets 2,227   2,196      
Property and equipment, net of accumulated depreciation and amortization of $793 and $746, respectively 1,958   2,007      
Operating lease assets, net 1,117   1,176      
Intangible assets, net 10,288   10,563      
Goodwill 5,498   5,651      
Net investment in property leased to franchisees 62   48      
Other assets, net 866   719      
Total assets 22,016   22,360      
Current liabilities:            
Accounts and drafts payable 470   644      
Other accrued liabilities 596   790      
Gift card liability 112   168      
Current portion of long-term debt and finance leases 106   101      
Total current liabilities 1,284   1,703      
Long-term debt, net of current portion 12,310   11,759      
Finance leases, net of current portion 299   288      
Operating lease liabilities, net of current portion 1,046   1,089      
Other liabilities, net 1,810   1,698      
Deferred income taxes, net 1,415   1,564      
Total liabilities 18,164   18,101      
Partners’ capital:            
Accumulated other comprehensive income (loss) (1,572)   (1,178)      
Total Partners’ capital 3,849   4,255      
Noncontrolling interests 3   4      
Total equity 3,852 $ 3,752 4,259 3,960 $ 3,773 3,618
Total liabilities and equity 22,016   22,360      
Class A common units            
Partners’ capital:            
Class A common units; 202,006,067 issued and outstanding at June 30, 2020 and December 31, 2019 7,947   7,786      
Total equity 7,947 7,840 7,786 4,495 4,423 4,323
Partnership exchangeable units            
Partners’ capital:            
Partnership exchangeable units; 162,834,299 issued and outstanding at June 30, 2020; 165,507,199 issued and outstanding at December 31, 2019 (2,526)   (2,353)      
Total equity $ (2,526) $ (2,370) $ (2,353) $ 746 $ 737 $ 730
v3.20.2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Financing receivable, allowance for credit loss, current $ 41 $ 13
Accumulated depreciation and amortization, property, plant, and equipment $ 793 $ 746
Partnership exchangeable units, issued (in shares) 162,834,299 165,507,199
Partnership exchangeable units, outstanding (in shares) 162,834,299  
Class A common units    
Class A common units, issued (in shares) 202,006,067 202,006,067
Class A common units, outstanding (in shares) 202,006,067 202,006,067
Partnership exchangeable units    
Partnership exchangeable units, outstanding (in shares) 162,834,299 165,507,199
v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 1,048 $ 1,400 $ 2,273 $ 2,666
Operating costs and expenses:        
Cost of sales 339 453 738 859
Franchise and property expenses 134 135 260 268
Selling, general and administrative expenses 295 316 620 628
(Income) loss from equity method investments 16 2 18 0
Other operating expenses (income), net 21 3 5 (14)
Total operating costs and expenses 805 909 1,641 1,741
Income from operations 243 491 632 925
Interest expense, net 128 137 247 269
Income before income taxes 115 354 385 656
Income tax (benefit) expense (49) 97 (3) 153
Net income 164 257 388 503
Net income attributable to noncontrolling interests 1 0 1 0
Net income attributable to common unitholders 163 257 387 503
Class A common units        
Operating costs and expenses:        
Net income 106 142    
Net income attributable to common unitholders $ 106 $ 142 $ 250 $ 277
Earnings per unit - basic and diluted        
Earnings per unit - basic and diluted (in usd per share) $ 0.52 $ 0.70 $ 1.24 $ 1.37
Weighted average units outstanding - basic and diluted        
Weighted average units outstanding - basic and diluted (in shares) 202 202 202 202
Partnership exchangeable units        
Operating costs and expenses:        
Net income $ 57 $ 115    
Net income attributable to common unitholders $ 57 $ 115 $ 137 $ 226
Earnings per unit - basic and diluted        
Earnings per unit - basic and diluted (in usd per share) $ 0.35 $ 0.55 $ 0.83 $ 1.09
Weighted average units outstanding - basic and diluted        
Weighted average units outstanding - basic and diluted (in shares) 164 207 165 207
Sales        
Revenues:        
Sales $ 406 $ 589 $ 909 $ 1,111
Franchise and property revenues        
Revenues:        
Total revenues $ 642 $ 811 $ 1,364 $ 1,555
v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income $ 164 $ 257 $ 388 $ 503
Foreign currency translation adjustment 342 199 (409) 358
Net change in fair value of net investment hedges, net of tax of $54, $13, $(52) and $39 (174) (40) 237 (116)
Net change in fair value of cash flow hedges, net of tax of $13, $22, $92 and $34 (37) (57) (251) (91)
Amounts reclassified to earnings of cash flow hedges, net of tax of $(6), $(1), $(10) and $(1) 18 3 29 2
Other comprehensive income (loss) 149 105 (394) 153
Comprehensive income (loss) 313 362 (6) 656
Comprehensive income (loss) attributable to noncontrolling interests 1 0 1 0
Comprehensive income (loss) attributable to common unitholders $ 312 $ 362 $ (7) $ 656
v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Statement of Comprehensive Income [Abstract]        
Derivatives used in net investment hedge, tax expense (benefit) $ (54) $ (13) $ 52 $ (39)
Other comprehensive income (loss), cash flow hedge, gain (loss), before reclassification, tax 13 22 92 34
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, tax $ (6) $ (1) $ (10) $ (1)
v3.20.2
Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Accumulated  Other Comprehensive Income (Loss)
Noncontrolling Interest
Class A common units
Class A common units
Cumulative Effect, Period of Adoption, Adjustment
Partnership exchangeable units
Partnership exchangeable units
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance Class A (in shares) at Dec. 31, 2018         202,006,067      
Beginning balances at Dec. 31, 2018 $ 3,618 $ 21 $ (1,437) $ 2 $ 4,323 $ 12 $ 730 $ 9
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2018             207,523,591  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Distributions declared on Class A common units ($0.77 per unit) (127)       (127)      
Distributions declared on partnership exchangeable units ($0.52 per unit) (104)           $ (104)  
Exchange of Partnership exchangeable units for RBI common shares 0       9   $ (9)  
Exchange of Partnership exchangeable units for RBI common shares (in shares)             (141,190)  
Capital contribution from RBI 71       71      
Net income 246     0 $ 135   $ 111  
Other comprehensive income (loss) 48   48          
Ending balance Class A (in shares) at Mar. 31, 2019         202,006,067      
Ending balances at Mar. 31, 2019 3,773   (1,389) 2 $ 4,423   $ 737  
Ending balance partnership exchangeable units (in shares) at Mar. 31, 2019             207,382,401  
Beginning balance Class A (in shares) at Dec. 31, 2018         202,006,067      
Beginning balances at Dec. 31, 2018 3,618 $ 21 (1,437) 2 $ 4,323 $ 12 $ 730 $ 9
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2018             207,523,591  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 503              
Other comprehensive income (loss) 153              
Ending balance Class A (in shares) at Jun. 30, 2019         202,006,067      
Ending balances at Jun. 30, 2019 3,960   (1,284) 3 $ 4,495   $ 746  
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2019             207,337,076  
Beginning balance Class A (in shares) at Mar. 31, 2019         202,006,067      
Beginning balances at Mar. 31, 2019 3,773   (1,389) 2 $ 4,423   $ 737  
Beginning balance partnership exchangeable unit (in shares) at Mar. 31, 2019             207,382,401  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Distributions declared on Class A common units ($0.77 per unit) (128)       (128)      
Distributions declared on partnership exchangeable units ($0.52 per unit) (103)           $ (103)  
Exchange of Partnership exchangeable units for RBI common shares 0       3   $ (3)  
Exchange of Partnership exchangeable units for RBI common shares (in shares)             (45,325)  
Capital contribution from RBI 55       55      
Restaurant VIE contributions (distributions) 1     1        
Net income 257     0 $ 142   $ 115  
Other comprehensive income (loss) 105   105          
Ending balance Class A (in shares) at Jun. 30, 2019         202,006,067      
Ending balances at Jun. 30, 2019 3,960   (1,284) 3 $ 4,495   $ 746  
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2019             207,337,076  
Beginning balance Class A (in shares) at Dec. 31, 2019         202,006,067      
Beginning balances at Dec. 31, 2019 4,259   (1,178) 4 $ 7,786   $ (2,353)  
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2019             165,507,199  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Distributions declared on Class A common units ($0.77 per unit) (156)       (156)      
Distributions declared on partnership exchangeable units ($0.52 per unit) (86)           $ (86)  
Exchange of Partnership exchangeable units for RBI common shares 0       11   $ (11)  
Exchange of Partnership exchangeable units for RBI common shares (in shares)             (178,046)  
Capital contribution from RBI 55       55      
Restaurant VIE contributions (distributions) (1)     (1)        
Net income 224     0 $ 144   $ 80  
Other comprehensive income (loss) (543)   (543)          
Ending balance Class A (in shares) at Mar. 31, 2020         202,006,067      
Ending balances at Mar. 31, 2020 3,752   (1,721) 3 $ 7,840   $ (2,370)  
Ending balance partnership exchangeable units (in shares) at Mar. 31, 2020             165,329,153  
Beginning balance Class A (in shares) at Dec. 31, 2019         202,006,067      
Beginning balances at Dec. 31, 2019 4,259   (1,178) 4 $ 7,786   $ (2,353)  
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2019             165,507,199  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exchange of Partnership exchangeable units for RBI common shares (in shares)             (2,672,900)  
Net income 388              
Other comprehensive income (loss) (394)              
Ending balance Class A (in shares) at Jun. 30, 2020         202,006,067      
Ending balances at Jun. 30, 2020 $ 3,852   (1,572) 3 $ 7,947   $ (2,526)  
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2020 162,834,299           162,834,299  
Beginning balance Class A (in shares) at Mar. 31, 2020         202,006,067      
Beginning balances at Mar. 31, 2020 $ 3,752   (1,721) 3 $ 7,840   $ (2,370)  
Beginning balance partnership exchangeable unit (in shares) at Mar. 31, 2020             165,329,153  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Distributions declared on Class A common units ($0.77 per unit) (158)       (158)      
Distributions declared on partnership exchangeable units ($0.52 per unit) (85)           $ (85)  
Exchange of Partnership exchangeable units for RBI common shares 0       128   $ (128)  
Exchange of Partnership exchangeable units for RBI common shares (in shares)             (2,494,854)  
Capital contribution from RBI 31       31      
Restaurant VIE contributions (distributions) (1)     (1)        
Net income 164     1 $ 106   $ 57  
Other comprehensive income (loss) 149   149          
Ending balance Class A (in shares) at Jun. 30, 2020         202,006,067      
Ending balances at Jun. 30, 2020 $ 3,852   $ (1,572) $ 3 $ 7,947   $ (2,526)  
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2020 162,834,299           162,834,299  
v3.20.2
Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares
 3 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]        
Cash dividend declared by board (in usd per share) $ 0.78 $ 0.77 $ 0.63 $ 0.63
Distributions dividends declared (in usd per share) $ 0.52 $ 0.52 $ 0.50 $ 0.50
v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 388 $ 503
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 91 92
Amortization of deferred financing costs and debt issuance discount 12 15
(Income) loss from equity method investments 18 0
(Gain) loss on remeasurement of foreign denominated transactions 10 (3)
Net (gains) losses on derivatives (1) (34)
Share-based compensation expense 39 39
Deferred income taxes (131) 23
Other 20 (3)
Changes in current assets and liabilities, excluding acquisitions and dispositions:    
Accounts and notes receivable (36) (16)
Inventories and prepaids and other current assets (28) (10)
Accounts and drafts payable (158) (40)
Other accrued liabilities and gift card liability (13) (166)
Tenant inducements paid to franchisees (5) (8)
Other long-term assets and liabilities (10) 83
Net cash provided by operating activities 196 475
Cash flows from investing activities:    
Payments for property and equipment (39) (14)
Net proceeds from disposal of assets, restaurant closures, and refranchisings 5 22
Settlement/sale of derivatives, net 22 15
Net cash (used for) provided by investing activities (12) 23
Cash flows from financing activities:    
Proceeds from Issuance of Long-term Debt 1,585 0
Repayments of revolving line of credit, long-term debt and finance leases (1,045) (48)
Payment of financing costs (10) 0
Distributions on Class A common and Partnership exchangeable units (716) (437)
Capital contribution from RBI 41 80
(Payments) proceeds from derivatives (14)  
(Payments) proceeds from derivatives   11
Other financing activities, net (2) (1)
Net cash used for financing activities (161) (395)
Effect of exchange rates on cash and cash equivalents (16) 12
Increase (decrease) in cash and cash equivalents 7 115
Cash and cash equivalents at beginning of period 1,533 913
Cash and cash equivalents at end of period 1,540 1,028
Supplemental cash flow disclosures:    
Interest paid 234 292
Income taxes paid $ 60 $ 127
v3.20.2
Description of Business and Organization
 6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business and Organization Description of Business and Organization
Restaurant Brands International Limited Partnership (“Partnership”, “we”, “us” or “our”) was formed on August 25, 2014 as a general partnership and was registered on October 27, 2014 as a limited partnership in accordance with the laws of the Province of Ontario. We franchise and operate quick service restaurants serving premium coffee and other beverage and food products under the Tim Hortons® brand (“Tim Hortons” or “TH”), fast food hamburgers principally under the Burger King® brand (“Burger King” or “BK”), and chicken under the Popeyes® brand (“Popeyes” or “PLK”). We are one of the world’s largest quick service restaurant, or QSR, companies as measured by total number of restaurants. As of June 30, 2020, we franchised or owned 4,934 Tim Hortons restaurants, 18,756 Burger King restaurants, and 3,369 Popeyes restaurants, for a total of 27,059 restaurants, and operate in more than 100 countries and U.S. territories. Approximately 100% of current system-wide restaurants are franchised.
We are a subsidiary of Restaurant Brands International Inc. (“RBI”). RBI is our sole general partner, and as such, RBI has the exclusive right, power and authority to manage, control, administer and operate the business and affairs and to make decisions regarding the undertaking and business of Partnership in accordance with the partnership agreement of Partnership (“partnership agreement”) and applicable laws.
All references to “$” or “dollars” are to the currency of the United States unless otherwise indicated. All references to “Canadian dollars” or “C$” are to the currency of Canada unless otherwise indicated.
v3.20.2
Basis of Presentation and Consolidation
 6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation and Consolidation Basis of Presentation and ConsolidationWe have prepared the accompanying unaudited condensed consolidated financial statements (the “Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. Therefore, the Financial Statements should be read in conjunction with the audited consolidated financial statements contained in our Annual Report on Form 10-K filed with the SEC and Canadian securities regulatory authorities on February 21, 2020.
The Financial Statements include our accounts and the accounts of entities in which we have a controlling financial interest, the usual condition of which is ownership of a majority voting interest. All material intercompany balances and transactions have been eliminated in consolidation. Investments in other affiliates that are owned 50% or less where we have significant influence are accounted for by the equity method.
We also consider for consolidation entities in which we have certain interests, where the controlling financial interest may be achieved through arrangements that do not involve voting interests. Such an entity, known as a variable interest entity (“VIE”), is required to be consolidated by its primary beneficiary. The primary beneficiary is the entity that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb losses or the right to receive benefits from the VIE that are significant to it. Our maximum exposure to loss resulting from involvement with VIEs is attributable to accounts and notes receivable balances, outstanding loan guarantees and future lease payments, where applicable.
As our franchise and master franchise arrangements provide the franchise and master franchise entities the power to direct the activities that most significantly impact their economic performance, we do not consider ourselves the primary beneficiary of any such entity that might be a VIE.
Tim Hortons has historically entered into certain arrangements in which an operator acquires the right to operate a restaurant, but Tim Hortons owns the restaurant’s assets. We perform an analysis to determine if the legal entity in which operations are conducted is a VIE and consolidate a VIE entity if we also determine Tim Hortons is the entity’s primary beneficiary (“Restaurant VIEs”). As of June 30, 2020 and December 31, 2019, we determined that we are the primary beneficiary of 33 and 35 Restaurant VIEs, respectively, and accordingly, have consolidated the results of operations, assets and liabilities, and cash flows of these Restaurant VIEs in our Financial Statements. Material intercompany accounts and transactions have been eliminated in consolidation.
In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included in the Financial Statements. The results for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the full year.
The preparation of consolidated financial statements in conformity with U.S. GAAP and related rules and regulations of the SEC requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates.
Certain prior year amounts in the accompanying Financial Statements and notes to the Financial Statements have been reclassified in order to be comparable with the current year classifications. These reclassifications had no effect on previously reported net income.
v3.20.2
New Accounting Pronouncements
 6 Months Ended
Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract]  
New Accounting Pronouncements New Accounting Pronouncements
Credit Losses – In June 2016, the Financial Accounting Standards Board ("FASB") issued guidance that requires companies to measure and recognize lifetime expected credit losses for certain financial instruments, including trade accounts receivable and net investments in direct financing and sales-type leases. Expected credit losses are estimated using relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. This amendment was effective commencing in 2020, using a modified retrospective approach. The adoption of this new guidance did not have a material impact on our Financial Statements.
Simplifying the Accounting for Income Taxes – In December 2019, the FASB issued guidance which simplifies the accounting for income taxes by removing certain exceptions and by clarifying and amending existing guidance applicable to accounting for income taxes. The amendment is effective commencing in 2021 with early adoption permitted. We are currently evaluating the impact that the adoption of this new guidance will have on our Financial Statements.
Accounting Relief for the Transition Away from LIBOR and Certain other Reference Rates – In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. This amendment is effective as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by this new guidance do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has
elected certain optional expedients for and that are retained through the end of the hedging relationships. We are currently evaluating the impact that the adoption of this new guidance will have on our Financial Statements.
v3.20.2
Leases
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Leases Leases
During the six months ended June 30, 2020, we initiated a rent relief program for eligible TH franchisees in Canada who lease property from us (the “TH rent relief program”) and a rent relief program for eligible BK franchisees in the U.S. and Canada who lease property from us (the "BK rent relief program" and together with the TH rent relief program, the “rent relief programs”). Under the rent relief programs, we temporarily converted the rent structure from a combination of fixed plus variable rent to 100% variable rent. While in effect, these programs will result in a reduction in our property revenues.
In April 2020, the FASB staff issued interpretive guidance that indicated it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Accounting Standards Codification Topic 842, Leases ("ASC 842"), as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in ASC 842 to those contracts. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights of the lessor or the obligations of the lessee.
We have elected to apply this interpretive guidance to the rent relief programs, and have assumed that enforceable rights and obligations for those concessions exist in the lease contract. As such, we began recognizing reductions in rents arising from the rent relief programs as reductions in variable lease payments, as the rent reductions did not result in a substantial increase in the rights of the lessor or the obligations of the lessee. This election will continue while our rent relief program is in effect.
Property revenues are comprised primarily of lease income from operating leases and earned income on direct financing leases with franchisees as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Lease income - operating leases
Minimum lease payments$109  $112  $221  $223  
Variable lease payments46  97  109  181  
Amortization of favorable and unfavorable income lease contracts, net1  2  3  4  
Subtotal - lease income from operating leases156  211  333  408  
Earned income on direct financing leases2  3  3  5  
Total property revenues$158  $214  $336  $413  
Leases Leases
During the six months ended June 30, 2020, we initiated a rent relief program for eligible TH franchisees in Canada who lease property from us (the “TH rent relief program”) and a rent relief program for eligible BK franchisees in the U.S. and Canada who lease property from us (the "BK rent relief program" and together with the TH rent relief program, the “rent relief programs”). Under the rent relief programs, we temporarily converted the rent structure from a combination of fixed plus variable rent to 100% variable rent. While in effect, these programs will result in a reduction in our property revenues.
In April 2020, the FASB staff issued interpretive guidance that indicated it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Accounting Standards Codification Topic 842, Leases ("ASC 842"), as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in ASC 842 to those contracts. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights of the lessor or the obligations of the lessee.
We have elected to apply this interpretive guidance to the rent relief programs, and have assumed that enforceable rights and obligations for those concessions exist in the lease contract. As such, we began recognizing reductions in rents arising from the rent relief programs as reductions in variable lease payments, as the rent reductions did not result in a substantial increase in the rights of the lessor or the obligations of the lessee. This election will continue while our rent relief program is in effect.
Property revenues are comprised primarily of lease income from operating leases and earned income on direct financing leases with franchisees as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Lease income - operating leases
Minimum lease payments$109  $112  $221  $223  
Variable lease payments46  97  109  181  
Amortization of favorable and unfavorable income lease contracts, net1  2  3  4  
Subtotal - lease income from operating leases156  211  333  408  
Earned income on direct financing leases2  3  3  5  
Total property revenues$158  $214  $336  $413  
Leases Leases
During the six months ended June 30, 2020, we initiated a rent relief program for eligible TH franchisees in Canada who lease property from us (the “TH rent relief program”) and a rent relief program for eligible BK franchisees in the U.S. and Canada who lease property from us (the "BK rent relief program" and together with the TH rent relief program, the “rent relief programs”). Under the rent relief programs, we temporarily converted the rent structure from a combination of fixed plus variable rent to 100% variable rent. While in effect, these programs will result in a reduction in our property revenues.
In April 2020, the FASB staff issued interpretive guidance that indicated it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Accounting Standards Codification Topic 842, Leases ("ASC 842"), as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in ASC 842 to those contracts. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights of the lessor or the obligations of the lessee.
We have elected to apply this interpretive guidance to the rent relief programs, and have assumed that enforceable rights and obligations for those concessions exist in the lease contract. As such, we began recognizing reductions in rents arising from the rent relief programs as reductions in variable lease payments, as the rent reductions did not result in a substantial increase in the rights of the lessor or the obligations of the lessee. This election will continue while our rent relief program is in effect.
Property revenues are comprised primarily of lease income from operating leases and earned income on direct financing leases with franchisees as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Lease income - operating leases
Minimum lease payments$109  $112  $221  $223  
Variable lease payments46  97  109  181  
Amortization of favorable and unfavorable income lease contracts, net1  2  3  4  
Subtotal - lease income from operating leases156  211  333  408  
Earned income on direct financing leases2  3  3  5  
Total property revenues$158  $214  $336  $413  
Leases Leases
During the six months ended June 30, 2020, we initiated a rent relief program for eligible TH franchisees in Canada who lease property from us (the “TH rent relief program”) and a rent relief program for eligible BK franchisees in the U.S. and Canada who lease property from us (the "BK rent relief program" and together with the TH rent relief program, the “rent relief programs”). Under the rent relief programs, we temporarily converted the rent structure from a combination of fixed plus variable rent to 100% variable rent. While in effect, these programs will result in a reduction in our property revenues.
In April 2020, the FASB staff issued interpretive guidance that indicated it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Accounting Standards Codification Topic 842, Leases ("ASC 842"), as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in ASC 842 to those contracts. This election is available for concessions related to the effects of the COVID-19 pandemic that do not result in a substantial increase in the rights of the lessor or the obligations of the lessee.
We have elected to apply this interpretive guidance to the rent relief programs, and have assumed that enforceable rights and obligations for those concessions exist in the lease contract. As such, we began recognizing reductions in rents arising from the rent relief programs as reductions in variable lease payments, as the rent reductions did not result in a substantial increase in the rights of the lessor or the obligations of the lessee. This election will continue while our rent relief program is in effect.
Property revenues are comprised primarily of lease income from operating leases and earned income on direct financing leases with franchisees as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Lease income - operating leases
Minimum lease payments$109  $112  $221  $223  
Variable lease payments46  97  109  181  
Amortization of favorable and unfavorable income lease contracts, net1  2  3  4  
Subtotal - lease income from operating leases156  211  333  408  
Earned income on direct financing leases2  3  3  5  
Total property revenues$158  $214  $336  $413  
v3.20.2
Revenue Recognition
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract Liabilities
Contract liabilities consist of deferred revenue resulting from initial and renewal franchise fees paid by franchisees, as well as upfront fees paid by master franchisees, which are generally recognized on a straight-line basis over the term of the underlying agreement. We may recognize unamortized upfront fees when a contract with a franchisee or master franchisee is modified and is accounted for as a termination of the existing contract. We classify these contract liabilities as Other liabilities, net in our condensed consolidated balance sheets. The following table reflects the change in contract liabilities between December 31, 2019 and June 30, 2020 (in millions):
Contract LiabilitiesTHBKPLKConsolidated
Balance at December 31, 2019$64  $449  $28  $541  
Recognized during period and included in the contract liability balance at the beginning of the year(4) (41) (1) (46) 
Increase, excluding amounts recognized as revenue during the period3  9  5  17  
Impact of foreign currency translation(2) —  —  (2) 
Balance at June 30, 2020$61  $417  $32  $510  
The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2020 (in millions):
Contract liabilities expected to be recognized inTHBKPLKConsolidated
Remainder of 2020$4  $17  $1  $22  
20218  33  2  43  
20227  32  2  41  
20237  31  2  40  
20247  30  2  39  
Thereafter28  274  23  325  
Total$61  $417  $32  $510  
Disaggregation of Total Revenues
Total revenues consist of the following (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Sales$406  $589  $909  $1,111  
Royalties469  576  995  1,104  
Property revenues158  214  336  413  
Franchise fees and other revenue15  21  33  38  
Total revenues$1,048  $1,400  $2,273  $2,666  
v3.20.2
Earnings per Unit
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings per Unit Earnings per Unit
Partnership uses the two-class method in the computation of earnings per unit. Pursuant to the terms of the partnership agreement, RBI, as the holder of the Class A common units, is entitled to receive distributions from Partnership in an amount equal to the aggregate dividends payable by RBI to holders of RBI common shares, and the holders of Class B exchangeable limited partnership units (the “Partnership exchangeable units”) are entitled to receive distributions from Partnership in an amount per unit equal to the dividends payable by RBI on each RBI common share. Partnership’s net income available to common unitholders is allocated between the Class A common units and Partnership exchangeable units on a fully-distributed basis and reflects residual net income after noncontrolling interests and Partnership preferred unit distributions. Basic and diluted earnings per Class A common unit is determined by dividing net income allocated to Class A common unit holders by the weighted average number of Class A common units outstanding for the period. Basic and diluted earnings per Partnership exchangeable unit is determined by dividing net income allocated to the Partnership exchangeable units by the weighted average number of Partnership exchangeable units outstanding during the period.
There are no dilutive securities for Partnership as RBI equity awards will not affect the number of Class A common units or Partnership exchangeable units outstanding. However, the issuance of shares by RBI in future periods will affect the allocation of net income attributable to common unitholders between Partnership’s Class A common units and Partnership exchangeable units.
The following table summarizes the basic and diluted earnings per unit calculations (in millions, except per unit amounts):

Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Allocation of net income among partner interests:
Net income allocated to Class A common unitholders$106  $142  $250  $277  
Net income allocated to Partnership exchangeable unitholders57  115  137  226  
Net income attributable to common unitholders$163  $257  $387  $503  
Denominator - basic and diluted partnership units:
Weighted average Class A common units202  202  202  202  
Weighted average Partnership exchangeable units164  207  165  207  
Earnings per unit - basic and diluted:
Class A common units (a)$0.52  $0.70  $1.24  $1.37  
Partnership exchangeable units (a)$0.35  $0.55  $0.83  $1.09  
(a) Earnings per unit may not recalculate exactly as it is calculated based on unrounded numbers.
v3.20.2
Intangible Assets, net and Goodwill
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net and Goodwill Intangible Assets, net and Goodwill
Intangible assets, net and goodwill consist of the following (in millions):

As of
June 30, 2020December 31, 2019
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Identifiable assets subject to amortization:
   Franchise agreements$717  $(240) $477  $720  $(225) $495  
   Favorable leases118  (64) 54  127  (65) 62  
      Subtotal835  (304) 531  847  (290) 557  
Indefinite-lived intangible assets:
   Tim Hortons brand
$6,284  $—  $6,284  $6,534  $—  $6,534  
   Burger King brand
2,118  —  2,118  2,117  —  2,117  
   Popeyes brand
1,355  —  1,355  1,355  —  1,355  
      Subtotal9,757  —  9,757  10,006  —  10,006  
Intangible assets, net$10,288  $10,563  
Goodwill
   Tim Hortons segment$4,054  $4,207  
   Burger King segment598  598  
   Popeyes segment846  846  
      Total$5,498  $5,651  
Amortization expense on intangible assets totaled $11 million and $10 million for the three months ended June 30, 2020 and 2019, respectively, and $22 million and $21 million for the six months ended June 30, 2020 and 2019, respectively. The change in the brands and goodwill balances during the six months ended June 30, 2020 was due to the impact of foreign currency translation.
v3.20.2
Equity Method Investments
 6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
The aggregate carrying amount of our equity method investments was $216 million and $266 million as of June 30, 2020 and December 31, 2019, respectively, and is included as a component of Other assets, net in our accompanying condensed consolidated balance sheets. TH and BK both have equity method investments. PLK does not have any equity method investments.
With respect to our TH business, the most significant equity method investment is our 50% joint venture interest with The Wendy’s Company (the “TIMWEN Partnership”), which jointly holds real estate underlying Canadian combination restaurants. Distributions received from this joint venture were $2 million and $5 million during the three months ended June 30, 2020 and 2019, respectively. Distributions received from this joint venture were $4 million and $7 million during the six months ended June 30, 2020 and 2019, respectively.
Except for the following equity method investments, no quoted market prices are available for our other equity method investments. The aggregate market value of our 15.2% equity interest in Carrols Restaurant Group, Inc. (“Carrols”) based on the quoted market price on June 30, 2020 was approximately $46 million. The aggregate market value of our 9.8% equity interest in BK Brasil Operação e Assessoria a Restaurantes S.A. based on the quoted market price on June 30, 2020 was approximately $47 million. We have evaluated recent declines in the market value of these equity method investments as a result of COVID-19. We concluded these declines are not other than temporary and as such no impairments have been recognized at June 30, 2020.
We have equity interests in entities that own or franchise Tim Hortons or Burger King restaurants. Franchise and property revenues recognized from franchisees that are owned or franchised by entities in which we have an equity interest consist of the following (in millions):

Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenues from affiliates:
Royalties$54  $87  $127  $165  
Property revenues8  9  16  17  
Franchise fees and other revenue3  3  6  6  
Total$65  $99  $149  $188  
We recognized $3 million and $5 million of rent expense associated with the TIMWEN Partnership during the three months ended June 30, 2020 and 2019, respectively. We recognized $7 million and $9 million of rent expense associated with the TIMWEN Partnership during the six months ended June 30, 2020 and 2019, respectively.
At June 30, 2020 and December 31, 2019, we had $64 million and $47 million, respectively, of accounts receivable, net from our equity method investments which were recorded in Accounts and notes receivable, net in our condensed consolidated balance sheets.
v3.20.2
Other Accrued Liabilities and Other Liabilities, net
 6 Months Ended
Jun. 30, 2020
Other Liabilities Disclosure [Abstract]  
Other Accrued Liabilities and Other Liabilities, net Other Accrued Liabilities and Other Liabilities, net
Other accrued liabilities (current) and other liabilities, net (noncurrent) consist of the following (in millions):

As of
June 30,
2020		December 31,
2019
Current:
Dividend payable$—  $232  
Interest payable79  71  
Accrued compensation and benefits47  57  
Taxes payable184  126  
Deferred income35  35  
Accrued advertising expenses59  40  
Restructuring and other provisions9  8  
Current portion of operating lease liabilities123  126  
Other60  95  
Other accrued liabilities$596  $790  
Noncurrent:
Taxes payable$591  $579  
Contract liabilities510  541  
Derivatives liabilities492  341  
Unfavorable leases87  103  
Accrued pension61  65  
Deferred income29  25  
Other40  44  
Other liabilities, net$1,810  $1,698  
v3.20.2
Long-Term Debt
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consists of the following (in millions):
As of
June 30,
2020		December 31,
2019
Term Loan B (due November 19, 2026)$5,323  $5,350  
Term Loan A (due October 7, 2024)741  750  
2017 4.25% Senior Notes (due May 15, 2024)
1,500  1,500  
2019 3.875% Senior Notes (due January 15, 2028)
750  750  
2020 5.75% Senior Notes (due April 15, 2025)
500  —  
2017 5.00% Senior Notes (due October 15, 2025)
2,800  2,800  
2019 4.375% Senior Notes (due January 15, 2028)
750  750  
TH Facility and other169  81  
Less: unamortized deferred financing costs and deferred issue discount(145) (148) 
Total debt, net12,388  11,833  
    Less: current maturities of debt(78) (74) 
Total long-term debt$12,310  $11,759  
Credit Facilities
In March 2020, we drew $995 million on our senior secured revolving credit facility (the "Revolving Credit Facility"), which we repaid in June 2020. As of June 30, 2020, we had no amounts outstanding under our Revolving Credit Facility, had $2 million of letters of credit issued against the Revolving Credit Facility, and our borrowing availability under our Revolving Credit Facility was $998 million. Funds available under the Revolving Credit Facility may be used to repay other debt, finance debt or RBI share repurchases, fund acquisitions or capital expenditures and for other general corporate purposes. We have a $125 million letter of credit sublimit as part of the Revolving Credit Facility, which reduces our borrowing availability thereunder by the cumulative amount of outstanding letters of credit.
On April 2, 2020, two of our subsidiaries (the "Borrowers") entered into a fifth amendment (the "Fifth Amendment") to the credit agreement (the "Credit Agreement") governing our senior secured term loan facilities (the "Term Loan Facilities") and Revolving Credit Facility. The Fifth Amendment provides the Borrowers with the option to comply with a $1,000 million minimum liquidity covenant in lieu of the 6.50:1.00 net first lien senior secured leverage ratio financial maintenance covenant for the period after June 30, 2020 and prior to September 30, 2021. Additionally, for the periods ending September 30, 2021 and December 31, 2021, to determine compliance with the net first lien senior secured leverage ratio, we are permitted to annualize the Adjusted EBITDA (as defined in the Credit Agreement) for the three months ending September 30, 2021 and six months ending December 31, 2021, respectively, in lieu of calculating the ratio based on Adjusted EBITDA for the prior four quarters. There were no other material changes to the terms of the Credit Agreement.
TH Facility
One of our subsidiaries entered into a non-revolving delayed drawdown term credit facility in a total aggregate principal amount of C$225 million with a maturity date of October 4, 2025 (the “TH Facility”). The interest rate applicable to the TH Facility is the Canadian Bankers’ Acceptance rate plus an applicable margin equal to 1.40% or the Prime Rate plus an applicable margin equal to 0.40%, at our option. Obligations under the TH Facility are guaranteed by four of our subsidiaries, and amounts borrowed under the TH Facility are secured by certain parcels of real estate. During the six months ended June 30, 2020, we drew down the remaining availability of C$125 million under the TH Facility and, as of June 30, 2020, we had outstanding C$225 million under the TH Facility with a weighted average interest rate of 1.93%.
2020 Senior Notes
On April 7, 2020, the Borrowers entered into an indenture (the "2020 5.75% Senior Notes Indenture") in connection with the issuance of $500 million of 5.75% first lien notes due April 15, 2025 (the "2020 5.75% Senior Notes"). No principal payments are due until maturity and interest is paid semi-annually. The net proceeds from the offering of the 2020 5.75% Senior Notes were used for general corporate purposes. In connection with the issuance of the 2020 5.75% Senior Notes, we capitalized approximately $9 million in debt issuance costs.
Obligations under the 2020 5.75% Senior Notes are guaranteed on a senior secured basis, jointly and severally, by the Borrowers and substantially all of the Borrowers' Canadian and U.S. subsidiaries, including The TDL Group Corp., Burger King Worldwide, Inc., Popeyes Louisiana Kitchen, Inc. and substantially all of their respective Canadian and U.S. subsidiaries (the "Note Guarantors"). The 2020 5.75% Senior Notes are first lien senior secured obligations and rank equal in right of payment with all of the existing and future first lien senior debt of the Borrowers and Note Guarantors, including borrowings and guarantees of the Credit Facilities.
Our 2020 5.75% Senior Notes may be redeemed in whole or in part, on or after April 15, 2022 at the redemption prices set forth in the 2020 5.75% Senior Notes Indenture, plus accrued and unpaid interest, if any, at the date of redemption. The 2020 5.75% Senior Notes Indenture also contains optional redemption provisions related to tender offers, change of control and equity offerings, among others.
Restrictions and Covenants
As of June 30, 2020, we were in compliance with all applicable financial debt covenants under the Credit Facilities, the TH Facility, and the indentures governing our Senior Notes.
Fair Value Measurement
The following table presents the fair value of our variable rate term debt and senior notes, estimated using inputs based on bid and offer prices that are Level 2 inputs, and principal carrying amount (in millions):
As of
June 30,
2020		December 31,
2019
Fair value of our variable term debt and senior notes$12,152  $12,075  
Principal carrying amount of our variable term debt and senior notes12,364  11,900  
Interest Expense, net
Interest expense, net consists of the following (in millions):
Three Months Ended June 30,Six Months Ended
June 30,
2020201920202019
Debt (a)$119  $128  $232  $252  
Finance lease obligations5  6  10  11  
Amortization of deferred financing costs and debt issuance discount6  8  12  15  
Interest income(2) (5) (7) (9) 
    Interest expense, net$128  $137  $247  $269  
(a)Amount includes $20 million and $19 million benefit during the three months ended June 30, 2020 and 2019, respectively, and $41 million and $37 million benefit during the six months ended June 30, 2020 and 2019, respectively, related to the amortization of the Excluded Component as defined in Note 13, Derivatives.
v3.20.2
Income Taxes
 6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our effective tax rate was (42.3)% and (0.9)% for the three and six months ended June 30, 2020, respectively. The effective tax rate during these periods reflects a $64 million increase in deferred tax assets which decreased the effective tax rate by (55.2)% and (16.5)% during the three and six months ended June 30, 2020, respectively. Based on the analysis of final guidance related to the Tax Cuts and Jobs Act (the “Tax Act”) received during these periods, a deferred tax asset was recorded. The effective tax rate during these periods also reflects the mix of income from multiple tax jurisdictions and the impact of internal financing arrangements.
Our effective tax rate was 27.4% and 23.4% for the three and six months ended June 30, 2019, respectively. The effective tax rate during these periods reflects a $37 million increase in the provision for unrecognized tax benefits related to a prior restructuring transaction that is not applicable to ongoing operations which increased the effective tax rate by 10.4% and 5.6% during the three and six months ended June 30, 2019, respectively. The effective tax rate during these periods also reflects the mix of income from multiple tax jurisdictions, the impact of internal financing arrangements and stock option exercises. Benefits from stock option exercises reduced the effective tax rate by 4.0% and 4.1% for the three and six months ended June 30, 2019, respectively.
v3.20.2
Equity
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Equity Equity
During the six months ended June 30, 2020, Partnership exchanged 2,672,900 Partnership exchangeable units pursuant to exchange notices received. In accordance with the terms of the partnership agreement, Partnership satisfied the exchange notices by exchanging these Partnership exchangeable units for the same number of newly issued RBI common shares. The issuances of shares were accounted for as capital contributions by RBI to Partnership. The exchanges of Partnership exchangeable units were recorded as increases to the Class A common units balance within partners’ capital in our consolidated balance sheet in an amount equal to the market value of the newly issued RBI common shares and a reduction to the Partnership exchangeable units balance within partners’ capital of our consolidated balance sheet in an amount equal to the cash paid by Partnership, if any, and the market value of the newly issued RBI common shares. Pursuant to the terms of the partnership agreement, upon the exchange of Partnership exchangeable units, each such Partnership exchangeable unit was cancelled concurrently with the exchange.
Accumulated Other Comprehensive Income (Loss)
The following table displays the changes in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions):
DerivativesPensionsForeign Currency TranslationAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2019$306  $(29) $(1,455) $(1,178) 
Foreign currency translation adjustment—  —  (409) (409) 
Net change in fair value of derivatives, net of tax(14) —  —  (14) 
Amounts reclassified to earnings of cash flow hedges, net of tax29  —  —  29  
Balance at June 30, 2020$321  $(29) $(1,864) $(1,572) 
v3.20.2
Derivative Instruments
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
Disclosures about Derivative Instruments and Hedging Activities
We enter into derivative instruments for risk management purposes, including derivatives designated as cash flow hedges, derivatives designated as net investment hedges and those utilized as economic hedges. We use derivatives to manage our exposure to fluctuations in interest rates and currency exchange rates.
Interest Rate Swaps
At June 30, 2020, we had outstanding receive-variable, pay-fixed interest rate swaps with a total notional value of $3,500 million to hedge the variability in the interest payments on a portion of our senior secured term loan facilities (the "Term Loan Facilities") beginning October 31, 2019 through the termination date of November 19, 2026. Additionally, at June 30, 2020, we also had outstanding receive-variable, pay-fixed interest rate swaps with a total notional value of $500 million to hedge the variability in the interest payments on a portion of our Term Loan Facilities effective September 30, 2019 through the termination date of September 30, 2026. At inception, all of these interest rate swaps were designated as cash flow hedges for hedge accounting. The unrealized changes in market value are recorded in AOCI and reclassified into earnings during the period in which the hedged forecasted transaction affects earnings.
During 2019, we extended the term of our previous $3,500 million receive-variable, pay-fixed interest rate swaps to align the maturity date of the new interest rate swaps with the new maturity date of our Term Loan B. The extension of the term resulted in a de-designation and re-designation of the interest rate swaps and the swaps continue to be accounted for as a cash flow hedge for hedge accounting. In connection with the de-designation, we recognized a net unrealized loss of $213 million in AOCI and this amount gets reclassified into Interest expense, net as the original forecasted transaction affects earnings. The amount of pre-tax losses in AOCI as of June 30, 2020 that we expect to be reclassified into interest expense within the next 12 months is $51 million.
During 2015, we settled certain interest rate swaps and recognized a net unrealized loss of $85 million in AOCI at the date of settlement. This amount gets reclassified into Interest expense, net as the original hedged forecasted transaction affects earnings. The amount of pre-tax losses in AOCI as of June 30, 2020 that we expect to be reclassified into interest expense within the next 12 months is $12 million.
Cross-Currency Rate Swaps
To protect the value of our investments in our foreign operations against adverse changes in foreign currency exchange rates, we hedge a portion of our net investment in one or more of our foreign subsidiaries by using cross-currency rate swaps. At June 30, 2020, we had outstanding cross-currency rate swap contracts between the Canadian dollar and U.S. dollar and the Euro and U.S. dollar that have been designated as net investment hedges of a portion of our equity in foreign operations in those currencies. The component of the gains and losses on our net investment in these designated foreign operations driven by changes in foreign exchange rates are economically partly offset by movements in the fair value of our cross-currency swap contracts. The fair value of the swaps is calculated each period with changes in fair value reported in AOCI, net of tax. Such amounts will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations.
At June 30, 2020, we had outstanding fixed-to-fixed cross-currency rate swaps to partially hedge the net investment in our Canadian subsidiaries. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as net investment hedges. These swaps are contracts to exchange quarterly fixed-rate interest payments we make on the Canadian dollar notional amount of C$6,754 million for quarterly fixed-rate interest payments we receive on the U.S. dollar notional amount of $5,000 million through the maturity date of June 30, 2023.
At June 30, 2020, we had outstanding cross-currency rate swaps in which we pay quarterly fixed-rate interest payments on the Euro notional value of €1,108 million and receive quarterly fixed-rate interest payments on the U.S. dollar notional value of $1,200 million. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as a net investment hedge. During 2018, we extended the term of the swaps from March 31, 2021 to the maturity date of February 17, 2024. The extension of the term resulted in a re-designation of the hedge and the swaps continue to be accounted for as a net investment hedge. Additionally, at June 30, 2020, we also had outstanding cross-currency rate swaps in which we receive quarterly fixed-rate interest payments on the U.S. dollar notional value of $400 million, entered during 2018, and $500 million, entered during 2019, through the maturity date of February 17, 2024. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as a net investment hedge.
The fixed to fixed cross-currency rate swaps hedging Canadian dollar and Euro net investments utilized the forward method of effectiveness assessment prior to March 15, 2018. On March 15, 2018, we de-designated and subsequently re-designated the outstanding fixed to fixed cross-currency rate swaps to prospectively use the spot method of hedge effectiveness
assessment. Additionally, as a result of adopting new hedge accounting guidance during 2018, we elected to exclude the interest component (the “Excluded Component”) from the accounting hedge without affecting net investment hedge accounting and elected to amortize the Excluded Component over the life of the derivative instrument. The amortization of the Excluded Component is recognized in Interest expense, net in the condensed consolidated statement of operations. The change in fair value that is not related to the Excluded Component is recorded in AOCI and will be reclassified to earnings when the foreign subsidiaries are sold or substantially liquidated.
Foreign Currency Exchange Contracts
We use foreign exchange derivative instruments to manage the impact of foreign exchange fluctuations on U.S. dollar purchases and payments, such as coffee purchases made by our Canadian Tim Hortons operations. At June 30, 2020, we had outstanding forward currency contracts to manage this risk in which we sell Canadian dollars and buy U.S. dollars with a notional value of $84 million with maturities to July 2021. We have designated these instruments as cash flow hedges, and as such, the unrealized changes in market value of effective hedges are recorded in AOCI and are reclassified into earnings during the period in which the hedged forecasted transaction affects earnings.
Credit Risk
By entering into derivative contracts, we are exposed to counterparty credit risk. Counterparty credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is in an asset position, the counterparty has a liability to us, which creates credit risk for us. We attempt to minimize this risk by selecting counterparties with investment grade credit ratings and regularly monitoring our market position with each counterparty.
Credit-Risk Related Contingent Features
Our derivative instruments do not contain any credit-risk related contingent features.
Quantitative Disclosures about Derivative Instruments and Fair Value Measurements
The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions):
Gain or (Loss) Recognized in Other Comprehensive Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Derivatives designated as cash flow hedges(1)
Interest rate swaps$(48) $(77) $(348) $(121) 
Forward-currency contracts$(2) $(2) $5  $(4) 
Derivatives designated as net investment hedges
Cross-currency rate swaps$(228) $(53) $289  $(155) 
(1)We did not exclude any components from the cash flow hedge relationships presented in this table.
Location of Gain or (Loss) Reclassified from AOCI into EarningsGain or (Loss) Reclassified from
AOCI into Earnings
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Derivatives designated as cash flow hedges
Interest rate swapsInterest expense, net$(26) $(6) $(41) $(7) 
Forward-currency contractsCost of sales$2  $2  $2  $4  
Location of Gain or (Loss) Recognized in EarningsGain or (Loss) Recognized in Earnings
(Amount Excluded from Effectiveness Testing)
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Derivatives designated as net investment hedges
Cross-currency rate swapsInterest expense, net$20  $19  $41  $37  
Fair Value as of
June 30,
2020		December 31, 2019Balance Sheet Location
Assets:
Derivatives designated as cash flow hedges
Interest rate$—  $7  Other assets, net
Foreign currency2  —  Prepaids and other current assets
Derivatives designated as net investment hedges
Foreign currency155  22  Other assets, net
Total assets at fair value$157  $29  
Liabilities:
Derivatives designated as cash flow hedges
Interest rate$490  $175  Other liabilities, net
Foreign currency—  2  Other accrued liabilities
Derivatives designated as net investment hedges
Foreign currency2  166  Other liabilities, net
Total liabilities at fair value$492  $343  
v3.20.2
Other Operating Expenses (Income), net
 6 Months Ended
Jun. 30, 2020
Other Income and Expenses [Abstract]  
Other Operating Expenses (Income), net Other Operating Expenses (Income), net
Other operating expenses (income), net consist of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings$—  $(10) $(2) $(7) 
Litigation settlements (gains) and reserves, net1  —  1  —  
Net losses (gains) on foreign exchange18  12  10  (3) 
Other, net2  1  (4) (4) 
     Other operating expenses (income), net$21  $3  $5  $(14) 
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings represent sales of properties and other costs related to restaurant closures and refranchisings. Gains and losses recognized in the current period may reflect certain costs related to closures and refranchisings that occurred in previous periods.
Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities.
v3.20.2
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Litigation
From time to time, we are involved in legal proceedings arising in the ordinary course of business relating to matters including, but not limited to, disputes with franchisees, suppliers, employees and customers, as well as disputes over our intellectual property.
On October 5, 2018, a class action complaint was filed against Burger King Worldwide, Inc. (“BKW”) and Burger King Corporation (“BKC”) in the U.S. District Court for the Southern District of Florida by Jarvis Arrington, individually and on behalf of all others similarly situated. On October 18, 2018, a second class action complaint was filed against RBI, BKW and BKC in the U.S. District Court for the Southern District of Florida by Monique Michel, individually and on behalf of all others similarly situated. On October 31, 2018, a third class action complaint was filed against BKC and BKW in the U.S. District Court for the Southern District of Florida by Geneva Blanchard and Tiffany Miller, individually and on behalf of all others similarly situated. On November 2, 2018, a fourth class action complaint was filed against RBI, BKW and BKC in the U.S. District Court for the Southern District of Florida by Sandra Muster, individually and on behalf of all others similarly situated. These complaints have been consolidated and allege that the defendants violated Section 1 of the Sherman Act by incorporating an employee no-solicitation and no-hiring clause in the standard form franchise agreement all Burger King franchisees are required to sign. Each plaintiff seeks injunctive relief and damages for himself or herself and other members of the class. On March 24, 2020, the Court granted BKC’s motion to dismiss for failure to state a claim and on April 20, 2020 the plaintiffs filed a motion for leave to amend their complaint. On April 27, 2020, BKC filed a motion opposing the motion for leave to amend. While we currently believe these claims are without merit, we are unable to predict the ultimate outcome of these cases or estimate the range of possible loss, if any.
In July 2019, a class action complaint was filed against The TDL Group Corp. (“TDL”) in the Supreme Court of British Columbia by Samir Latifi, individually and on behalf of all others similarly situated. The complaint alleges that TDL violated the Canadian Competition Act by incorporating an employee no-solicitation and no-hiring clause in the standard form franchise agreement all Tim Hortons franchisees are required to sign. The plaintiff seeks damages and restitution, on behalf of himself and other members of the class. While we currently believe this claim is without merit, we are unable to predict the ultimate outcome of this case or estimate the range of possible loss, if any.
On June 30, 2020, a class action complaint was filed against Restaurant Brands International Inc., Restaurant Brands International Limited Partnership and TDL in the Quebec Superior Court by Steve Holcman, individually and on behalf of all Quebec residents who downloaded the Tim Hortons mobile application. On July 2, 2020, a Notice of Action related to a second class action complaint was filed against Restaurant Brands International Inc., in the Ontario Superior Court by Ashley Sitko and Ashley Cadeau, individually and on behalf of all Canadian residents who downloaded the Tim Hortons mobile application. Both of the complaints allege that the defendants violated the plaintiffs’ privacy rights, the Personal Information Protection and Electronic Documents Act, consumer protection and competition laws or app-based undertakings to users, in each case in
connection with the collection of geolocation data through the Tim Hortons mobile application. Each plaintiff seeks injunctive relief and monetary damages for himself or herself and other members of the class. These cases are in preliminary stages and we intend to vigorously defend against these lawsuits, but we are unable to predict the ultimate outcome of either case or estimate the range of possible loss, if any.
v3.20.2
Segment Reporting
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
As stated in Note 1, Description of Business and Organization, we manage three brands. Under the Tim Hortons brand, we operate in the donut/coffee/tea category of the quick service segment of the restaurant industry. Under the Burger King brand, we operate in the fast food hamburger restaurant category of the quick service segment of the restaurant industry. Under the Popeyes brand, we operate in the chicken category of the quick service segment of the restaurant industry. Our business generates revenue from the following sources: (i) franchise revenues, consisting primarily of royalties based on a percentage of sales reported by franchise restaurants and franchise fees paid by franchisees; (ii) property revenues from properties we lease or sublease to franchisees; and (iii) sales at restaurants owned by us ("Company restaurants"). In addition, our TH business generates revenue from sales to franchisees related to our supply chain operations, including manufacturing, procurement, warehousing and distribution, as well as sales to retailers. We manage each of our brands as an operating segment and each operating segment represents a reportable segment.
The following tables present revenues, by segment and by country (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenues by operating segment:
     TH$567  $842  $1,266  $1,591  
     BK347  447  735  858  
     PLK134  111  272  217  
Total revenues$1,048  $1,400  $2,273  $2,666  

Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenues by country (a):
     Canada$514  $764  $1,146  $1,440  
     United States443  479  893  923  
     Other91  157  234  303  
Total revenues$1,048  $1,400  $2,273  $2,666  

(a)Only Canada and the United States represented 10% or more of our total revenues in each period presented.
Our measure of segment income is Adjusted EBITDA. Adjusted EBITDA represents earnings (net income or loss) before interest expense, net, loss on early extinguishment of debt, income tax (benefit) expense, and depreciation and amortization, adjusted to exclude (i) the non-cash impact of share-based compensation and non-cash incentive compensation expense, (ii) (income) loss from equity method investments, net of cash distributions received from equity method investments, (iii) other operating expenses (income), net and, (iv) income/expenses from non-recurring projects and non-operating activities. For the periods referenced, this included costs incurred in connection with the centralization and relocation of our Canadian and U.S. restaurant support centers to new offices in Toronto, Ontario, and Miami, Florida, respectively and corporate restructuring and related tax advisory fees, including those arising as a result of the adoption of the Tax Act and the implementing regulations thereunder.
Adjusted EBITDA is used by management to measure operating performance of the business, excluding these non-cash and other specifically identified items that management believes are not relevant to management’s assessment of our operating business. A reconciliation of segment income to net income consists of the following (in millions):

Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Segment income:
     TH$147  $287  $336  $524  
     BK160  252  360  474  
     PLK51  41  106  82  
          Adjusted EBITDA358  580  802  1,080  
Share-based compensation and non-cash incentive compensation expense23  19  44  44  
Corporate restructuring and tax advisory fees7  11  8  17  
Office centralization and relocation costs—  2  —  6  
Impact of equity method investments (a)18  9  22  10  
Other operating expenses (income), net21  3  5  (14) 
          EBITDA289  536  723  1,017  
Depreciation and amortization46  45  91  92  
          Income from operations243  491  632  925  
Interest expense, net128  137  247  269  
Income tax (benefit) expense(49) 97  (3) 153  
          Net income$164  $257  $388  $503  
(a)Represents (i) (income) loss from equity method investments and (ii) cash distributions received from our equity method investments. Cash distributions received from our equity method investments are included in segment income.
v3.20.2
Supplemental Financial Information
 6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information Supplemental Financial Information
On February 17, 2017, 1011778 B.C. Unlimited Liability Company (the “Parent Issuer”) and New Red Finance Inc. (the “Co-Issuer” and together with the Parent Issuer, the “Issuers”) entered into an amended credit agreement, as amended from time to time, that provides for obligations under the Credit Facilities. On April 7, 2020, the Issuers entered into the 2020 5.750% Senior Notes Indenture with respect to the 2020 5.750% Senior Notes. On November 19, 2019, the Issuers entered into the 2019 4.375% Senior Notes Indenture with respect to the 2019 4.375% Senior Notes. On September 24, 2019, the Issuers entered into the 2019 3.875% Senior Notes Indenture with respect to the 2019 3.875% Senior Notes. On August 28, 2017, the Issuers entered into the 2017 5.000% Senior Notes Indenture with respect to the 2017 5.000% Senior Notes. On May 17, 2017, the Issuers entered into the 2017 4.25% Senior Notes Indenture with respect to the 2017 4.250% Senior Notes.
The agreement governing our Credit Facilities, the 2020 5.750% Senior Notes Indenture, the 2019 4.375% Senior Notes Indenture, the 2019 3.875% Senior Notes Indenture, the 2017 5.000% Senior Notes Indenture, and the 2017 4.25% Senior Notes Indenture allow the financial reporting obligation of the Parent Issuer to be satisfied through the reporting of Partnership’s consolidated financial information, provided that the consolidated financial information of the Parent Issuer and its restricted subsidiaries is presented on a standalone basis.
The following represents the condensed consolidating financial information for the Parent Issuer and its restricted subsidiaries (“Consolidated Borrowers”) on a consolidated basis, together with eliminations, as of and for the periods indicated. The condensed consolidating financial information of Partnership is combined with the financial information of its wholly-owned subsidiaries that are also parent entities of the Parent Issuer and presented in a single column under the heading “RBILP”. The consolidating financial information may not necessarily be indicative of the financial position, results of operations or cash flows had the Issuers and Partnership operated as independent entities.
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
(In millions of U.S. dollars)
As of June 30, 2020
 Consolidated BorrowersRBILPEliminationsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,540  $—  $—  $1,540  
Accounts and notes receivable, net520  —  —  520  
Inventories, net96  —  —  96  
Prepaids and other current assets71  —  —  71  
Total current assets2,227  —  —  2,227  
Property and equipment, net1,958  —  —  1,958  
Operating lease assets, net1,117  —  —  1,117  
Intangible assets, net10,288  —  —  10,288  
Goodwill5,498  —  —  5,498  
Net investment in property leased to franchisees62  —  —  62  
Investment in subsidiaries—  3,852  (3,852) —  
Other assets, net866  —  —  866  
Total assets$22,016  $3,852  $(3,852) $22,016  
LIABILITIES AND EQUITY
Current liabilities:
Accounts and drafts payable$470  $—  $—  $470  
Other accrued liabilities596  —  —  596  
Gift card liability112  —  —  112  
Current portion of long-term debt and finance leases106  —  —  106  
Total current liabilities1,284  —  —  1,284  
Long-term debt, net of current portion12,310  —  —  12,310  
Finance leases, net of current portion299  —  —  299  
Operating lease liabilities, net of current portion1,046  —  —  1,046  
Other liabilities, net1,810  —  —  1,810  
Deferred income taxes, net1,415  —  —  1,415  
Total liabilities18,164  —  —  18,164  
Partners’ capital:
Class A common units—  7,947  —  7,947  
Partnership exchangeable units—  (2,526) —  (2,526) 
Common shares3,334  —  (3,334) —  
Retained Earnings2,087  —  (2,087) —  
Accumulated other comprehensive income (loss)(1,572) (1,572) 1,572  (1,572) 
Total Partners' capital/shareholders' equity3,849  3,849  (3,849) 3,849  
Noncontrolling interests3  3  (3) 3  
Total equity3,852  3,852  (3,852) 3,852  
Total liabilities and equity$22,016  $3,852  $(3,852) $22,016  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
(In millions of U.S. dollars)
As of December 31, 2019
 Consolidated BorrowersRBILPEliminationsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,533  $—  $—  $1,533  
Accounts and notes receivable, net527  —  —  527  
Inventories, net84  —  —  84  
Prepaids and other current assets52  —  —  52  
Total current assets2,196  —  —  2,196  
Property and equipment, net2,007  —  —  2,007  
Operating lease assets. net1,176  —  —  1,176  
Intangible assets, net10,563  —  —  10,563  
Goodwill5,651  —  —  5,651  
Net investment in property leased to franchisees48  —  —  48  
Intercompany receivable—  232  (232) —  
Investment in subsidiaries—  4,259  (4,259) —  
Other assets, net719  —  —  719  
Total assets$22,360  $4,491  $(4,491) $22,360  
LIABILITIES AND EQUITY
Current liabilities:
Accounts and drafts payable$644  $—  $—  $644  
Other accrued liabilities558  232  —  790  
Gift card liability168  —  —  168  
Current portion of long-term debt and finance leases101  —  —  101  
Total current liabilities1,471  232  —  1,703  
Long-term debt, net of current portion11,759  —  —  11,759  
Finance leases, net of current portion288  —  —  288  
Operating lease liabilities, net of current portion1,089  —  —  1,089  
Other liabilities, net1,698  —  —  1,698  
Payables to affiliates232  —  (232) —  
Deferred income taxes, net1,564  —  —  1,564  
Total liabilities18,101  232  (232) 18,101  
Partners’ capital:
Class A common units—  7,786  —  7,786  
Partnership exchangeable units—  (2,353) —  (2,353) 
Common shares3,248  —  (3,248) —  
Retained Earnings2,185  —  (2,185) —  
Accumulated other comprehensive income (loss)(1,178) (1,178) 1,178  (1,178) 
Total Partners' capital/shareholders' equity4,255  4,255  (4,255) 4,255  
Noncontrolling interests4  4  (4) 4  
Total equity4,259  4,259  (4,259) 4,259  
Total liabilities and equity$22,360  $4,491  $(4,491) $22,360  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Three Months Ended June 30, 2020
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$406  $—  $—  $406  
Franchise and property revenues642  —  —  642  
Total revenues1,048  —  —  1,048  
Operating costs and expenses:
Cost of sales339  —  —  339  
Franchise and property expenses134  —  —  134  
Selling, general and administrative expenses295  —  —  295  
(Income) loss from equity method investments16  —  —  16  
Other operating expenses (income), net21  —  —  21  
Total operating costs and expenses805  —  —  805  
Income from operations243  —  —  243  
Interest expense, net128  —  —  128  
Income before income taxes115  —  —  115  
Income tax (benefit) expense(49) —  —  (49) 
Net income164  —  —  164  
Equity in earnings of consolidated subsidiaries—  164  (164) —  
Net income (loss)164  164  (164) 164  
Net income (loss) attributable to noncontrolling interests1  1  (1) 1  
Net income (loss) attributable to common unitholders$163  $163  $(163) $163  
Comprehensive income (loss)$313  $313  $(313) $313  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Six Months Ended June 30, 2020
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$909  $—  $—  $909  
Franchise and property revenues1,364  —  —  1,364  
Total revenues2,273  —  —  2,273  
Operating costs and expenses:
Cost of sales738  —  —  738  
Franchise and property expenses260  —  —  260  
Selling, general and administrative expenses620  —  —  620  
(Income) loss from equity method investments18  —  —  18  
Other operating expenses (income), net5  —  —  5  
Total operating costs and expenses1,641  —  —  1,641  
Income from operations632  —  —  632  
Interest expense, net247  —  —  247  
Income before income taxes385  —  —  385  
Income tax (benefit) expense(3) —  —  (3) 
Net income388  —  —  388  
Equity in earnings of consolidated subsidiaries—  388  (388) —  
Net income (loss)388  388  (388) 388  
Net income (loss) attributable to noncontrolling interests1  1  (1) 1  
Net income (loss) attributable to common unitholders$387  $387  $(387) $387  
Comprehensive income (loss)$(6) $(6) $6  $(6) 
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Three Months Ended June 30, 2019
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$589  $—  $—  $589  
Franchise and property revenues811  —  —  811  
Total revenues1,400  —  —  1,400  
Operating costs and expenses:
Cost of sales453  —  —  453  
Franchise and property expenses135  —  —  135  
Selling, general and administrative expenses316  —  —  316  
(Income) loss from equity method investments2  —  —  2  
Other operating expenses (income), net3  —  —  3  
Total operating costs and expenses909  —  —  909  
Income from operations491  —  —  491  
Interest expense, net137  —  —  137  
Income before income taxes354  —  —  354  
Income tax expense97  —  —  97  
Net income257  —  —  257  
Equity in earnings of consolidated subsidiaries—  257  (257) —  
Net income (loss)257  257  (257) 257  
Net income (loss) attributable to noncontrolling interests—  —  —  —  
Net income (loss) attributable to common unitholders$257  $257  $(257) $257  
Comprehensive income (loss)$362  $362  $(362) $362  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Six Months Ended June 30, 2019
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$1,111  $—  $—  $1,111  
Franchise and property revenues1,555  —  —  1,555  
Total revenues2,666  —  —  2,666  
Operating costs and expenses:
Cost of sales859  —  —  859  
Franchise and property expenses268  —  —  268  
Selling, general and administrative expenses628  —  —  628  
(Income) loss from equity method investments—  —  —  —  
Other operating expenses (income), net(14) —  —  (14) 
Total operating costs and expenses1,741  —  —  1,741  
Income from operations925  —  —  925  
Interest expense, net269  —  —  269  
Income before income taxes656  —  —  656  
Income tax expense153  —  —  153  
Net income503  —  —  503  
Equity in earnings of consolidated subsidiaries—  503  (503) —  
Net income (loss)503  503  (503) 503  
Net income (loss) attributable to noncontrolling interests—  —  —  —  
Net income (loss) attributable to common unitholders$503  $503  $(503) $503  
Comprehensive income (loss)$656  $656  $(656) $656  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
(In millions of U.S. dollars)
Six months ended June 30, 2020
Consolidated BorrowersRBILPEliminationsConsolidated
Cash flows from operating activities:
Net income$388  $388  $(388) $388  
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Equity in loss (earnings) of consolidated subsidiaries—  (388) 388  —  
Depreciation and amortization91  —  —  91  
Amortization of deferred financing costs and debt issuance discount12  —  —  12  
(Income) loss from equity method investments18  —  —  18  
(Gain) loss on remeasurement of foreign denominated transactions10  —  —  10  
Net (gains) losses on derivatives(1) —  —  (1) 
Share-based compensation expense39  —  —  39  
Deferred income taxes(131) —  —  (131) 
Other20  —  —  20  
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable(36) —  —  (36) 
Inventories and prepaids and other current assets(28) —  —  (28) 
Accounts and drafts payable(158) —  —  (158) 
Other accrued liabilities and gift card liability(13) —  —  (13) 
Tenant inducements paid to franchisees(5) —  —  (5) 
Other long-term assets and liabilities(10) —  —  (10) 
Net cash provided by (used for) operating activities196  —  —  196  
Cash flows from investing activities:
Payments for property and equipment(39) —  —  (39) 
Net proceeds from disposal of assets, restaurant closures, and refranchisings5  —  —  5  
Settlement/sale of derivatives, net22  —  —  22  
Net cash provided by (used for) investing activities(12) —  —  (12) 
Cash flows from financing activities:
Proceeds from revolving line of credit and long-term debt1,585  —  —  1,585  
Repayments of revolving line of credit, long-term debt and finance leases(1,045) —  —  (1,045) 
Payment of financing costs(10) —  —  (10) 
Distributions on Class A common and Partnership exchangeable units—  (716) —  (716) 
Capital contribution from RBI41  —  —  41  
Distributions from subsidiaries(716) 716  —  —  
(Payments) proceeds from derivatives(14) —  —  (14) 
Other financing activities, net(2) —  —  (2) 
Net cash provided by (used for) financing activities(161) —  —  (161) 
Effect of exchange rates on cash and cash equivalents(16) —  —  (16) 
Increase (decrease) in cash and cash equivalents7  —  —  7  
Cash and cash equivalents at beginning of period1,533  —  —  1,533  
Cash and cash equivalents at end of period$1,540  $—  $—  $1,540  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
(In millions of U.S. dollars)
Six Months Ended June 30, 2019
Consolidated BorrowersRBILPEliminationsConsolidated
Cash flows from operating activities:
Net income$503  $503  $(503) $503  
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Equity in loss (earnings) of consolidated subsidiaries—  (503) 503  —  
Depreciation and amortization92  —  —  92  
Amortization of deferred financing costs and debt issuance discount15  —  —  15  
(Gain) loss on remeasurement of foreign denominated transactions(3) —  —  (3) 
Net (gains) losses on derivatives(34) —  —  (34) 
Share-based compensation expense39  —  —  39  
Deferred income taxes23  —  —  23  
Other(3) —  —  (3) 
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable(16) —  —  (16) 
Inventories and prepaids and other current assets(10) —  —  (10) 
Accounts and drafts payable(40) —  —  (40) 
Other accrued liabilities and gift card liability(166) —  —  (166) 
Tenant inducements paid to franchisees(8) —  —  (8) 
Other long-term assets and liabilities83  —  —  83  
Net cash provided by (used for) operating activities475  —  —  475  
Cash flows from investing activities:
Payments for property and equipment(14) —  —  (14) 
Net proceeds from disposal of assets, restaurant closures, and refranchisings22  —  —  22  
Settlement/sale of derivatives, net15  —  —  15  
Net cash provided by (used for) investing activities23  —  —  23  
Cash flows from financing activities:
Repayments of long-term debt and finance leases(48) —  —  (48) 
Distributions on Class A common and Partnership exchangeable units—  (437) —  (437) 
Capital contribution from RBI80  —  —  80  
Distributions from subsidiaries(437) 437  —  —  
(Payments) proceeds from derivatives11  —  —  11  
Other financing activities, net(1) —  —  (1) 
Net cash (used for) provided by financing activities(395) —  —  (395) 
Effect of exchange rates on cash and cash equivalents12  —  —  12  
Increase (decrease) in cash and cash equivalents115  —  —  115  
Cash and cash equivalents at beginning of period913  —  —  913  
Cash and cash equivalents at end of period$1,028  $—  $—  $1,028  
v3.20.2
Subsequent Events
 6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent EventsCash Distributions/DividendsSubsequent to June 30, 2020, the RBI board of directors declared a cash dividend of $0.52 per RBI common share, which will be paid on October 2, 2020 to RBI common shareholders of record on September 18, 2020. Partnership will make a distribution to RBI as holder of Class A common units in the amount of the aggregate dividends declared and paid by RBI on RBI common shares. Partnership will also make a distribution in respect of each Partnership exchangeable unit in the amount of $0.52 per Partnership exchangeable unit, and the record date and payment date for such distribution will be the same as the record date and payment date for the cash dividend per RBI common share set forth above.
v3.20.2
Basis of Presentation and Consolidation (Policies)
 6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Accounting We have prepared the accompanying unaudited condensed consolidated financial statements (the “Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. Therefore, the Financial Statements should be read in conjunction with the audited consolidated financial statements contained in our Annual Report on Form 10-K filed with the SEC and Canadian securities regulatory authorities on February 21, 2020.
Consolidation, Variable Interest Entity
We also consider for consolidation entities in which we have certain interests, where the controlling financial interest may be achieved through arrangements that do not involve voting interests. Such an entity, known as a variable interest entity (“VIE”), is required to be consolidated by its primary beneficiary. The primary beneficiary is the entity that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb losses or the right to receive benefits from the VIE that are significant to it. Our maximum exposure to loss resulting from involvement with VIEs is attributable to accounts and notes receivable balances, outstanding loan guarantees and future lease payments, where applicable.
As our franchise and master franchise arrangements provide the franchise and master franchise entities the power to direct the activities that most significantly impact their economic performance, we do not consider ourselves the primary beneficiary of any such entity that might be a VIE.
Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP and related rules and regulations of the SEC requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates.
New Accounting Pronouncements New Accounting Pronouncements
Credit Losses – In June 2016, the Financial Accounting Standards Board ("FASB") issued guidance that requires companies to measure and recognize lifetime expected credit losses for certain financial instruments, including trade accounts receivable and net investments in direct financing and sales-type leases. Expected credit losses are estimated using relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. This amendment was effective commencing in 2020, using a modified retrospective approach. The adoption of this new guidance did not have a material impact on our Financial Statements.
Simplifying the Accounting for Income Taxes – In December 2019, the FASB issued guidance which simplifies the accounting for income taxes by removing certain exceptions and by clarifying and amending existing guidance applicable to accounting for income taxes. The amendment is effective commencing in 2021 with early adoption permitted. We are currently evaluating the impact that the adoption of this new guidance will have on our Financial Statements.
Accounting Relief for the Transition Away from LIBOR and Certain other Reference Rates – In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. This amendment is effective as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by this new guidance do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has
elected certain optional expedients for and that are retained through the end of the hedging relationships. We are currently evaluating the impact that the adoption of this new guidance will have on our Financial Statements.
Contract Liabilities Contract liabilities consist of deferred revenue resulting from initial and renewal franchise fees paid by franchisees, as well as upfront fees paid by master franchisees, which are generally recognized on a straight-line basis over the term of the underlying agreement. We may recognize unamortized upfront fees when a contract with a franchisee or master franchisee is modified and is accounted for as a termination of the existing contract. We classify these contract liabilities as Other liabilities, net in our condensed consolidated balance sheets.
v3.20.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of property revenues
Property revenues are comprised primarily of lease income from operating leases and earned income on direct financing leases with franchisees as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Lease income - operating leases
Minimum lease payments$109  $112  $221  $223  
Variable lease payments46  97  109  181  
Amortization of favorable and unfavorable income lease contracts, net1  2  3  4  
Subtotal - lease income from operating leases156  211  333  408  
Earned income on direct financing leases2  3  3  5  
Total property revenues$158  $214  $336  $413  
v3.20.2
Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Change in contract liabilities The following table reflects the change in contract liabilities between December 31, 2019 and June 30, 2020 (in millions):
Contract LiabilitiesTHBKPLKConsolidated
Balance at December 31, 2019$64  $449  $28  $541  
Recognized during period and included in the contract liability balance at the beginning of the year(4) (41) (1) (46) 
Increase, excluding amounts recognized as revenue during the period3  9  5  17  
Impact of foreign currency translation(2) —  —  (2) 
Balance at June 30, 2020$61  $417  $32  $510  
Schedule of estimated revenues expected to be recognized
The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2020 (in millions):
Contract liabilities expected to be recognized inTHBKPLKConsolidated
Remainder of 2020$4  $17  $1  $22  
20218  33  2  43  
20227  32  2  41  
20237  31  2  40  
20247  30  2  39  
Thereafter28  274  23  325  
Total$61  $417  $32  $510  
Disaggregation of total revenues
Total revenues consist of the following (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2020201920202019
Sales$406  $589  $909  $1,111  
Royalties469  576  995  1,104  
Property revenues158  214  336  413  
Franchise fees and other revenue15  21  33  38  
Total revenues$1,048  $1,400  $2,273  $2,666  
v3.20.2
Earnings per Unit (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Unit
The following table summarizes the basic and diluted earnings per unit calculations (in millions, except per unit amounts):

Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Allocation of net income among partner interests:
Net income allocated to Class A common unitholders$106  $142  $250  $277  
Net income allocated to Partnership exchangeable unitholders57  115  137  226  
Net income attributable to common unitholders$163  $257  $387  $503  
Denominator - basic and diluted partnership units:
Weighted average Class A common units202  202  202  202  
Weighted average Partnership exchangeable units164  207  165  207  
Earnings per unit - basic and diluted:
Class A common units (a)$0.52  $0.70  $1.24  $1.37  
Partnership exchangeable units (a)$0.35  $0.55  $0.83  $1.09  
(a) Earnings per unit may not recalculate exactly as it is calculated based on unrounded numbers.
v3.20.2
Intangible Assets, net and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net and Goodwill
Intangible assets, net and goodwill consist of the following (in millions):

As of
June 30, 2020December 31, 2019
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Identifiable assets subject to amortization:
   Franchise agreements$717  $(240) $477  $720  $(225) $495  
   Favorable leases118  (64) 54  127  (65) 62  
      Subtotal835  (304) 531  847  (290) 557  
Indefinite-lived intangible assets:
   Tim Hortons brand
$6,284  $—  $6,284  $6,534  $—  $6,534  
   Burger King brand
2,118  —  2,118  2,117  —  2,117  
   Popeyes brand
1,355  —  1,355  1,355  —  1,355  
      Subtotal9,757  —  9,757  10,006  —  10,006  
Intangible assets, net$10,288  $10,563  
Goodwill
   Tim Hortons segment$4,054  $4,207  
   Burger King segment598  598  
   Popeyes segment846  846  
      Total$5,498  $5,651  
v3.20.2
Equity Method Investments (Tables)
 6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Franchise and Property Revenues Franchise and property revenues recognized from franchisees that are owned or franchised by entities in which we have an equity interest consist of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenues from affiliates:
Royalties$54  $87  $127  $165  
Property revenues8  9  16  17  
Franchise fees and other revenue3  3  6  6  
Total$65  $99  $149  $188  
v3.20.2
Other Accrued Liabilities and Other Liabilities, net (Tables)
 6 Months Ended
Jun. 30, 2020
Other Liabilities Disclosure [Abstract]  
Schedule of Other Accrued Liabilities (Current) and Other Liabilities (NonCurrent), Net
Other accrued liabilities (current) and other liabilities, net (noncurrent) consist of the following (in millions):

As of
June 30,
2020		December 31,
2019
Current:
Dividend payable$—  $232  
Interest payable79  71  
Accrued compensation and benefits47  57  
Taxes payable184  126  
Deferred income35  35  
Accrued advertising expenses59  40  
Restructuring and other provisions9  8  
Current portion of operating lease liabilities123  126  
Other60  95  
Other accrued liabilities$596  $790  
Noncurrent:
Taxes payable$591  $579  
Contract liabilities510  541  
Derivatives liabilities492  341  
Unfavorable leases87  103  
Accrued pension61  65  
Deferred income29  25  
Other40  44  
Other liabilities, net$1,810  $1,698  
v3.20.2
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt consists of the following (in millions):
As of
June 30,
2020		December 31,
2019
Term Loan B (due November 19, 2026)$5,323  $5,350  
Term Loan A (due October 7, 2024)741  750  
2017 4.25% Senior Notes (due May 15, 2024)
1,500  1,500  
2019 3.875% Senior Notes (due January 15, 2028)
750  750  
2020 5.75% Senior Notes (due April 15, 2025)
500  —  
2017 5.00% Senior Notes (due October 15, 2025)
2,800  2,800  
2019 4.375% Senior Notes (due January 15, 2028)
750  750  
TH Facility and other169  81  
Less: unamortized deferred financing costs and deferred issue discount(145) (148) 
Total debt, net12,388  11,833  
    Less: current maturities of debt(78) (74) 
Total long-term debt$12,310  $11,759  
Summary of Fair Value Measurement
The following table presents the fair value of our variable rate term debt and senior notes, estimated using inputs based on bid and offer prices that are Level 2 inputs, and principal carrying amount (in millions):
As of
June 30,
2020		December 31,
2019
Fair value of our variable term debt and senior notes$12,152  $12,075  
Principal carrying amount of our variable term debt and senior notes12,364  11,900  
Schedule of Interest Expense, Net
Interest expense, net consists of the following (in millions):
Three Months Ended June 30,Six Months Ended
June 30,
2020201920202019
Debt (a)$119  $128  $232  $252  
Finance lease obligations5  6  10  11  
Amortization of deferred financing costs and debt issuance discount6  8  12  15  
Interest income(2) (5) (7) (9) 
    Interest expense, net$128  $137  $247  $269  
(a)Amount includes $20 million and $19 million benefit during the three months ended June 30, 2020 and 2019, respectively, and $41 million and $37 million benefit during the six months ended June 30, 2020 and 2019, respectively, related to the amortization of the Excluded Component as defined in Note 13, Derivatives.
v3.20.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Summary of Changes in the Components of Accumulated Other Comprehensive Income (Loss)
The following table displays the changes in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions):
DerivativesPensionsForeign Currency TranslationAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2019$306  $(29) $(1,455) $(1,178) 
Foreign currency translation adjustment—  —  (409) (409) 
Net change in fair value of derivatives, net of tax(14) —  —  (14) 
Amounts reclassified to earnings of cash flow hedges, net of tax29  —  —  29  
Balance at June 30, 2020$321  $(29) $(1,864) $(1,572) 
v3.20.2
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values
The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions):
Gain or (Loss) Recognized in Other Comprehensive Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Derivatives designated as cash flow hedges(1)
Interest rate swaps$(48) $(77) $(348) $(121) 
Forward-currency contracts$(2) $(2) $5  $(4) 
Derivatives designated as net investment hedges
Cross-currency rate swaps$(228) $(53) $289  $(155) 
(1)We did not exclude any components from the cash flow hedge relationships presented in this table.
Location of Gain or (Loss) Reclassified from AOCI into EarningsGain or (Loss) Reclassified from
AOCI into Earnings
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Derivatives designated as cash flow hedges
Interest rate swapsInterest expense, net$(26) $(6) $(41) $(7) 
Forward-currency contractsCost of sales$2  $2  $2  $4  
Location of Gain or (Loss) Recognized in EarningsGain or (Loss) Recognized in Earnings
(Amount Excluded from Effectiveness Testing)
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Derivatives designated as net investment hedges
Cross-currency rate swapsInterest expense, net$20  $19  $41  $37  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Fair Value as of
June 30,
2020		December 31, 2019Balance Sheet Location
Assets:
Derivatives designated as cash flow hedges
Interest rate$—  $7  Other assets, net
Foreign currency2  —  Prepaids and other current assets
Derivatives designated as net investment hedges
Foreign currency155  22  Other assets, net
Total assets at fair value$157  $29  
Liabilities:
Derivatives designated as cash flow hedges
Interest rate$490  $175  Other liabilities, net
Foreign currency—  2  Other accrued liabilities
Derivatives designated as net investment hedges
Foreign currency2  166  Other liabilities, net
Total liabilities at fair value$492  $343  
v3.20.2
Other Operating Expenses (Income), net (Tables)
 6 Months Ended
Jun. 30, 2020
Other Income and Expenses [Abstract]  
Other Operating Expenses (Income), Net
Other operating expenses (income), net consist of the following (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings$—  $(10) $(2) $(7) 
Litigation settlements (gains) and reserves, net1  —  1  —  
Net losses (gains) on foreign exchange18  12  10  (3) 
Other, net2  1  (4) (4) 
     Other operating expenses (income), net$21  $3  $5  $(14) 
v3.20.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Revenues by Geographic Segment
The following tables present revenues, by segment and by country (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenues by operating segment:
     TH$567  $842  $1,266  $1,591  
     BK347  447  735  858  
     PLK134  111  272  217  
Total revenues$1,048  $1,400  $2,273  $2,666  

Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Revenues by country (a):
     Canada$514  $764  $1,146  $1,440  
     United States443  479  893  923  
     Other91  157  234  303  
Total revenues$1,048  $1,400  $2,273  $2,666  

(a)Only Canada and the United States represented 10% or more of our total revenues in each period presented.
Reconciliation of Segment Income to Net Income (Loss)
Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Segment income:
     TH$147  $287  $336  $524  
     BK160  252  360  474  
     PLK51  41  106  82  
          Adjusted EBITDA358  580  802  1,080  
Share-based compensation and non-cash incentive compensation expense23  19  44  44  
Corporate restructuring and tax advisory fees7  11  8  17  
Office centralization and relocation costs—  2  —  6  
Impact of equity method investments (a)18  9  22  10  
Other operating expenses (income), net21  3  5  (14) 
          EBITDA289  536  723  1,017  
Depreciation and amortization46  45  91  92  
          Income from operations243  491  632  925  
Interest expense, net128  137  247  269  
Income tax (benefit) expense(49) 97  (3) 153  
          Net income$164  $257  $388  $503  
(a)Represents (i) (income) loss from equity method investments and (ii) cash distributions received from our equity method investments. Cash distributions received from our equity method investments are included in segment income.
v3.20.2
Supplemental Financial Information (Tables)
 6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Condensed Consolidating Financial Statements The following represents the condensed consolidating financial information for the Parent Issuer and its restricted subsidiaries (“Consolidated Borrowers”) on a consolidated basis, together with eliminations, as of and for the periods indicated. The condensed consolidating financial information of Partnership is combined with the financial information of its wholly-owned subsidiaries that are also parent entities of the Parent Issuer and presented in a single column under the heading “RBILP”. The consolidating financial information may not necessarily be indicative of the financial position, results of operations or cash flows had the Issuers and Partnership operated as independent entities.
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
(In millions of U.S. dollars)
As of June 30, 2020
 Consolidated BorrowersRBILPEliminationsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,540  $—  $—  $1,540  
Accounts and notes receivable, net520  —  —  520  
Inventories, net96  —  —  96  
Prepaids and other current assets71  —  —  71  
Total current assets2,227  —  —  2,227  
Property and equipment, net1,958  —  —  1,958  
Operating lease assets, net1,117  —  —  1,117  
Intangible assets, net10,288  —  —  10,288  
Goodwill5,498  —  —  5,498  
Net investment in property leased to franchisees62  —  —  62  
Investment in subsidiaries—  3,852  (3,852) —  
Other assets, net866  —  —  866  
Total assets$22,016  $3,852  $(3,852) $22,016  
LIABILITIES AND EQUITY
Current liabilities:
Accounts and drafts payable$470  $—  $—  $470  
Other accrued liabilities596  —  —  596  
Gift card liability112  —  —  112  
Current portion of long-term debt and finance leases106  —  —  106  
Total current liabilities1,284  —  —  1,284  
Long-term debt, net of current portion12,310  —  —  12,310  
Finance leases, net of current portion299  —  —  299  
Operating lease liabilities, net of current portion1,046  —  —  1,046  
Other liabilities, net1,810  —  —  1,810  
Deferred income taxes, net1,415  —  —  1,415  
Total liabilities18,164  —  —  18,164  
Partners’ capital:
Class A common units—  7,947  —  7,947  
Partnership exchangeable units—  (2,526) —  (2,526) 
Common shares3,334  —  (3,334) —  
Retained Earnings2,087  —  (2,087) —  
Accumulated other comprehensive income (loss)(1,572) (1,572) 1,572  (1,572) 
Total Partners' capital/shareholders' equity3,849  3,849  (3,849) 3,849  
Noncontrolling interests3  3  (3) 3  
Total equity3,852  3,852  (3,852) 3,852  
Total liabilities and equity$22,016  $3,852  $(3,852) $22,016  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
(In millions of U.S. dollars)
As of December 31, 2019
 Consolidated BorrowersRBILPEliminationsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,533  $—  $—  $1,533  
Accounts and notes receivable, net527  —  —  527  
Inventories, net84  —  —  84  
Prepaids and other current assets52  —  —  52  
Total current assets2,196  —  —  2,196  
Property and equipment, net2,007  —  —  2,007  
Operating lease assets. net1,176  —  —  1,176  
Intangible assets, net10,563  —  —  10,563  
Goodwill5,651  —  —  5,651  
Net investment in property leased to franchisees48  —  —  48  
Intercompany receivable—  232  (232) —  
Investment in subsidiaries—  4,259  (4,259) —  
Other assets, net719  —  —  719  
Total assets$22,360  $4,491  $(4,491) $22,360  
LIABILITIES AND EQUITY
Current liabilities:
Accounts and drafts payable$644  $—  $—  $644  
Other accrued liabilities558  232  —  790  
Gift card liability168  —  —  168  
Current portion of long-term debt and finance leases101  —  —  101  
Total current liabilities1,471  232  —  1,703  
Long-term debt, net of current portion11,759  —  —  11,759  
Finance leases, net of current portion288  —  —  288  
Operating lease liabilities, net of current portion1,089  —  —  1,089  
Other liabilities, net1,698  —  —  1,698  
Payables to affiliates232  —  (232) —  
Deferred income taxes, net1,564  —  —  1,564  
Total liabilities18,101  232  (232) 18,101  
Partners’ capital:
Class A common units—  7,786  —  7,786  
Partnership exchangeable units—  (2,353) —  (2,353) 
Common shares3,248  —  (3,248) —  
Retained Earnings2,185  —  (2,185) —  
Accumulated other comprehensive income (loss)(1,178) (1,178) 1,178  (1,178) 
Total Partners' capital/shareholders' equity4,255  4,255  (4,255) 4,255  
Noncontrolling interests4  4  (4) 4  
Total equity4,259  4,259  (4,259) 4,259  
Total liabilities and equity$22,360  $4,491  $(4,491) $22,360  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Three Months Ended June 30, 2020
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$406  $—  $—  $406  
Franchise and property revenues642  —  —  642  
Total revenues1,048  —  —  1,048  
Operating costs and expenses:
Cost of sales339  —  —  339  
Franchise and property expenses134  —  —  134  
Selling, general and administrative expenses295  —  —  295  
(Income) loss from equity method investments16  —  —  16  
Other operating expenses (income), net21  —  —  21  
Total operating costs and expenses805  —  —  805  
Income from operations243  —  —  243  
Interest expense, net128  —  —  128  
Income before income taxes115  —  —  115  
Income tax (benefit) expense(49) —  —  (49) 
Net income164  —  —  164  
Equity in earnings of consolidated subsidiaries—  164  (164) —  
Net income (loss)164  164  (164) 164  
Net income (loss) attributable to noncontrolling interests1  1  (1) 1  
Net income (loss) attributable to common unitholders$163  $163  $(163) $163  
Comprehensive income (loss)$313  $313  $(313) $313  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Six Months Ended June 30, 2020
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$909  $—  $—  $909  
Franchise and property revenues1,364  —  —  1,364  
Total revenues2,273  —  —  2,273  
Operating costs and expenses:
Cost of sales738  —  —  738  
Franchise and property expenses260  —  —  260  
Selling, general and administrative expenses620  —  —  620  
(Income) loss from equity method investments18  —  —  18  
Other operating expenses (income), net5  —  —  5  
Total operating costs and expenses1,641  —  —  1,641  
Income from operations632  —  —  632  
Interest expense, net247  —  —  247  
Income before income taxes385  —  —  385  
Income tax (benefit) expense(3) —  —  (3) 
Net income388  —  —  388  
Equity in earnings of consolidated subsidiaries—  388  (388) —  
Net income (loss)388  388  (388) 388  
Net income (loss) attributable to noncontrolling interests1  1  (1) 1  
Net income (loss) attributable to common unitholders$387  $387  $(387) $387  
Comprehensive income (loss)$(6) $(6) $6  $(6) 
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Three Months Ended June 30, 2019
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$589  $—  $—  $589  
Franchise and property revenues811  —  —  811  
Total revenues1,400  —  —  1,400  
Operating costs and expenses:
Cost of sales453  —  —  453  
Franchise and property expenses135  —  —  135  
Selling, general and administrative expenses316  —  —  316  
(Income) loss from equity method investments2  —  —  2  
Other operating expenses (income), net3  —  —  3  
Total operating costs and expenses909  —  —  909  
Income from operations491  —  —  491  
Interest expense, net137  —  —  137  
Income before income taxes354  —  —  354  
Income tax expense97  —  —  97  
Net income257  —  —  257  
Equity in earnings of consolidated subsidiaries—  257  (257) —  
Net income (loss)257  257  (257) 257  
Net income (loss) attributable to noncontrolling interests—  —  —  —  
Net income (loss) attributable to common unitholders$257  $257  $(257) $257  
Comprehensive income (loss)$362  $362  $(362) $362  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
(In millions of U.S. dollars)
Six Months Ended June 30, 2019
Consolidated BorrowersRBILPEliminationsConsolidated
Revenues:
Sales$1,111  $—  $—  $1,111  
Franchise and property revenues1,555  —  —  1,555  
Total revenues2,666  —  —  2,666  
Operating costs and expenses:
Cost of sales859  —  —  859  
Franchise and property expenses268  —  —  268  
Selling, general and administrative expenses628  —  —  628  
(Income) loss from equity method investments—  —  —  —  
Other operating expenses (income), net(14) —  —  (14) 
Total operating costs and expenses1,741  —  —  1,741  
Income from operations925  —  —  925  
Interest expense, net269  —  —  269  
Income before income taxes656  —  —  656  
Income tax expense153  —  —  153  
Net income503  —  —  503  
Equity in earnings of consolidated subsidiaries—  503  (503) —  
Net income (loss)503  503  (503) 503  
Net income (loss) attributable to noncontrolling interests—  —  —  —  
Net income (loss) attributable to common unitholders$503  $503  $(503) $503  
Comprehensive income (loss)$656  $656  $(656) $656  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
(In millions of U.S. dollars)
Six months ended June 30, 2020
Consolidated BorrowersRBILPEliminationsConsolidated
Cash flows from operating activities:
Net income$388  $388  $(388) $388  
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Equity in loss (earnings) of consolidated subsidiaries—  (388) 388  —  
Depreciation and amortization91  —  —  91  
Amortization of deferred financing costs and debt issuance discount12  —  —  12  
(Income) loss from equity method investments18  —  —  18  
(Gain) loss on remeasurement of foreign denominated transactions10  —  —  10  
Net (gains) losses on derivatives(1) —  —  (1) 
Share-based compensation expense39  —  —  39  
Deferred income taxes(131) —  —  (131) 
Other20  —  —  20  
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable(36) —  —  (36) 
Inventories and prepaids and other current assets(28) —  —  (28) 
Accounts and drafts payable(158) —  —  (158) 
Other accrued liabilities and gift card liability(13) —  —  (13) 
Tenant inducements paid to franchisees(5) —  —  (5) 
Other long-term assets and liabilities(10) —  —  (10) 
Net cash provided by (used for) operating activities196  —  —  196  
Cash flows from investing activities:
Payments for property and equipment(39) —  —  (39) 
Net proceeds from disposal of assets, restaurant closures, and refranchisings5  —  —  5  
Settlement/sale of derivatives, net22  —  —  22  
Net cash provided by (used for) investing activities(12) —  —  (12) 
Cash flows from financing activities:
Proceeds from revolving line of credit and long-term debt1,585  —  —  1,585  
Repayments of revolving line of credit, long-term debt and finance leases(1,045) —  —  (1,045) 
Payment of financing costs(10) —  —  (10) 
Distributions on Class A common and Partnership exchangeable units—  (716) —  (716) 
Capital contribution from RBI41  —  —  41  
Distributions from subsidiaries(716) 716  —  —  
(Payments) proceeds from derivatives(14) —  —  (14) 
Other financing activities, net(2) —  —  (2) 
Net cash provided by (used for) financing activities(161) —  —  (161) 
Effect of exchange rates on cash and cash equivalents(16) —  —  (16) 
Increase (decrease) in cash and cash equivalents7  —  —  7  
Cash and cash equivalents at beginning of period1,533  —  —  1,533  
Cash and cash equivalents at end of period$1,540  $—  $—  $1,540  
RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
(In millions of U.S. dollars)
Six Months Ended June 30, 2019
Consolidated BorrowersRBILPEliminationsConsolidated
Cash flows from operating activities:
Net income$503  $503  $(503) $503  
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Equity in loss (earnings) of consolidated subsidiaries—  (503) 503  —  
Depreciation and amortization92  —  —  92  
Amortization of deferred financing costs and debt issuance discount15  —  —  15  
(Gain) loss on remeasurement of foreign denominated transactions(3) —  —  (3) 
Net (gains) losses on derivatives(34) —  —  (34) 
Share-based compensation expense39  —  —  39  
Deferred income taxes23  —  —  23  
Other(3) —  —  (3) 
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable(16) —  —  (16) 
Inventories and prepaids and other current assets(10) —  —  (10) 
Accounts and drafts payable(40) —  —  (40) 
Other accrued liabilities and gift card liability(166) —  —  (166) 
Tenant inducements paid to franchisees(8) —  —  (8) 
Other long-term assets and liabilities83  —  —  83  
Net cash provided by (used for) operating activities475  —  —  475  
Cash flows from investing activities:
Payments for property and equipment(14) —  —  (14) 
Net proceeds from disposal of assets, restaurant closures, and refranchisings22  —  —  22  
Settlement/sale of derivatives, net15  —  —  15  
Net cash provided by (used for) investing activities23  —  —  23  
Cash flows from financing activities:
Repayments of long-term debt and finance leases(48) —  —  (48) 
Distributions on Class A common and Partnership exchangeable units—  (437) —  (437) 
Capital contribution from RBI80  —  —  80  
Distributions from subsidiaries(437) 437  —  —  
(Payments) proceeds from derivatives11  —  —  11  
Other financing activities, net(1) —  —  (1) 
Net cash (used for) provided by financing activities(395) —  —  (395) 
Effect of exchange rates on cash and cash equivalents12  —  —  12  
Increase (decrease) in cash and cash equivalents115  —  —  115  
Cash and cash equivalents at beginning of period913  —  —  913  
Cash and cash equivalents at end of period$1,028  $—  $—  $1,028  
v3.20.2
Description of Business and Organization - Additional Information (Details)
Jun. 30, 2020
restaurant
country
Basis Of Presentation [Line Items]  
Number of franchised or owned restaurants 27,059
Number of countries in which company and franchise restaurants operated (more than) | country 100
Percentage of franchised Tim Hortons, Burger King, and Popeyes restaurants 100.00%
Tim Hortons brand  
Basis Of Presentation [Line Items]  
Number of franchised or owned restaurants 4,934
Burger King brand  
Basis Of Presentation [Line Items]  
Number of franchised or owned restaurants 18,756
Popeyes brand  
Basis Of Presentation [Line Items]  
Number of franchised or owned restaurants 3,369
v3.20.2
Basis of Presentation and Consolidation - Additional Information (Details)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
restaurant
Jun. 30, 2019
USD ($)
Dec. 31, 2019
restaurant
Summary Of Accounting Policies [Line Items]          
Bad debt expense | $ $ 24 $ 4 $ 28 $ 5  
Restaurant VIEs          
Summary Of Accounting Policies [Line Items]          
Number of VIE consolidated restaurants | restaurant     33   35
v3.20.2
Leases - Property revenues (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Leases [Abstract]        
Percent of rent structure, variable rent     100.00%  
Lease income - operating leases        
Minimum lease payments $ 109 $ 112 $ 221 $ 223
Variable lease payments 46 97 109 181
Amortization of favorable and unfavorable income lease contracts, net 1 2 3 4
Subtotal - lease income from operating leases 156 211 333 408
Earned income on direct financing leases 2 3 3 5
Total property revenues $ 158 $ 214 $ 336 $ 413
v3.20.2
Revenue Recognition - Change in contract liabilities (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2020
USD ($)
Change In Contract With Customer Liability [Roll Forward]  
Beginning balance $ 541
Recognized during period and included in the contract liability balance at the beginning of the year (46)
Increase, excluding amounts recognized as revenue during the period 17
Impact of foreign currency translation (2)
Ending balance 510
Tim Hortons brand  
Change In Contract With Customer Liability [Roll Forward]  
Beginning balance 64
Recognized during period and included in the contract liability balance at the beginning of the year (4)
Increase, excluding amounts recognized as revenue during the period 3
Impact of foreign currency translation (2)
Ending balance 61
Burger King brand  
Change In Contract With Customer Liability [Roll Forward]  
Beginning balance 449
Recognized during period and included in the contract liability balance at the beginning of the year (41)
Increase, excluding amounts recognized as revenue during the period 9
Impact of foreign currency translation 0
Ending balance 417
Popeyes brand  
Change In Contract With Customer Liability [Roll Forward]  
Beginning balance 28
Recognized during period and included in the contract liability balance at the beginning of the year (1)
Increase, excluding amounts recognized as revenue during the period 5
Impact of foreign currency translation 0
Ending balance $ 32
v3.20.2
Revenue Recognition - Estimated revenue recognition (Details)
$ in Millions
Jun. 30, 2020
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 510
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01  
Revenue from Contract with Customer [Abstract]  
Revenue, remaining performance obligation, expected timing of satisfaction, period 6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 22
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue from Contract with Customer [Abstract]  
Revenue, remaining performance obligation, expected timing of satisfaction, period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 43
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue from Contract with Customer [Abstract]  
Revenue, remaining performance obligation, expected timing of satisfaction, period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 41
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue from Contract with Customer [Abstract]  
Revenue, remaining performance obligation, expected timing of satisfaction, period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 40
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue from Contract with Customer [Abstract]  
Revenue, remaining performance obligation, expected timing of satisfaction, period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 39
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue from Contract with Customer [Abstract]  
Revenue, remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 325
Tim Hortons brand  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 61
Tim Hortons brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 4
Tim Hortons brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 8
Tim Hortons brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 7
Tim Hortons brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 7
Tim Hortons brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 7
Tim Hortons brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 28
Burger King brand  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 417
Burger King brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 17
Burger King brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 33
Burger King brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 32
Burger King brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 31
Burger King brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 30
Burger King brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 274
Popeyes brand  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 32
Popeyes brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 1
Popeyes brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 2
Popeyes brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 2
Popeyes brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 2
Popeyes brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in 2
Popeyes brand | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Contract liabilities expected to be recognized in $ 23
v3.20.2
Revenue Recognition Contract Liabilities, Total (Details)
$ in Millions
Jun. 30, 2020
USD ($)
Segment Reporting Information [Line Items]  
Contract liabilities expected to be recognized in $ 510
Tim Hortons brand  
Segment Reporting Information [Line Items]  
Contract liabilities expected to be recognized in 61
Burger King brand  
Segment Reporting Information [Line Items]  
Contract liabilities expected to be recognized in 417
Popeyes brand  
Segment Reporting Information [Line Items]  
Contract liabilities expected to be recognized in $ 32
v3.20.2
Revenue Recognition - Disaggregation of total revenues (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Property revenues $ 158 $ 214 $ 336 $ 413
Total revenues 1,048 1,400 2,273 2,666
Sales        
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Revenues 406 589 909 1,111
Royalties        
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Revenues 469 576 995 1,104
Franchise fees and other revenue        
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Revenues $ 15 $ 21 $ 33 $ 38
v3.20.2
Earnings per Unit - Basic and Diluted Earnings Per Unit (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Allocation of net income among partner interests:        
Net income attributable to common unitholders $ 163 $ 257 $ 387 $ 503
Class A common units        
Allocation of net income among partner interests:        
Net income attributable to common unitholders $ 106 $ 142 $ 250 $ 277
Denominator - basic and diluted partnership units:        
Total weighted average basic and diluted units outstanding (in shares) 202 202 202 202
Earnings per unit - basic and diluted:        
Earnings per unit - basic and diluted (in usd per share) $ 0.52 $ 0.70 $ 1.24 $ 1.37
Partnership exchangeable units        
Allocation of net income among partner interests:        
Net income attributable to common unitholders $ 57 $ 115 $ 137 $ 226
Denominator - basic and diluted partnership units:        
Total weighted average basic and diluted units outstanding (in shares) 164 207 165 207
Earnings per unit - basic and diluted:        
Earnings per unit - basic and diluted (in usd per share) $ 0.35 $ 0.55 $ 0.83 $ 1.09
v3.20.2
Intangible Assets, net and Goodwill - Schedule of Intangible Assets, net and Goodwill (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Finite And Indefinite Lived Intangible Assets [Line Items]    
Gross $ 835 $ 847
Accumulated Amortization (304) (290)
Net 531 557
Intangible assets, net 10,288 10,563
Goodwill 5,498 5,651
Trade names    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets: 9,757 10,006
Tim Hortons brand    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Goodwill 4,054 4,207
Tim Hortons brand | Trade names    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets: 6,284 6,534
Burger King brand    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Goodwill 598 598
Burger King brand | Trade names    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets: 2,118 2,117
Popeyes brand    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Goodwill 846 846
Popeyes brand | Trade names    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets: 1,355 1,355
Franchise agreements    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Gross 717 720
Accumulated Amortization (240) (225)
Net 477 495
Favorable leases    
Finite And Indefinite Lived Intangible Assets [Line Items]    
Gross 118 127
Accumulated Amortization (64) (65)
Net $ 54 $ 62
v3.20.2
Intangible Assets, net and Goodwill - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense on intangible assets $ 11 $ 10 $ 22 $ 21
v3.20.2
Equity Method Investments - Additional Information (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]          
Investment in subsidiaries $ 0   $ 0   $ 0
Impairment, equity method investments     0    
Equity Method Investee          
Schedule of Equity Method Investments [Line Items]          
Accounts receivable from equity method investments 64,000,000   64,000,000   47,000,000
Wendy's Company TIMWEN Partnership | Tim Hortons brand          
Schedule of Equity Method Investments [Line Items]          
Cash distributions 2,000,000 $ 5,000,000 4,000,000 $ 7,000,000  
Rent expense 3,000,000 $ 5,000,000 7,000,000 $ 9,000,000  
Carrols Restaurant Group, Inc.          
Schedule of Equity Method Investments [Line Items]          
Quoted market price $ 46,000,000   $ 46,000,000    
BK Brasil          
Schedule of Equity Method Investments [Line Items]          
Joint-venture interest 9.80%   9.80%    
Quoted market price $ 47,000,000   $ 47,000,000    
Canada | Wendy's Company TIMWEN Partnership          
Schedule of Equity Method Investments [Line Items]          
Joint-venture interest 50.00%   50.00%    
United States | Carrols Restaurant Group, Inc.          
Schedule of Equity Method Investments [Line Items]          
Joint-venture interest 15.20%   15.20%    
Other assets          
Schedule of Equity Method Investments [Line Items]          
Investment in subsidiaries $ 216,000,000   $ 216,000,000   $ 266,000,000
v3.20.2
Equity Method Investments - Summary of Franchise and Property Revenues (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues from affiliates:        
Property revenues $ 158 $ 214 $ 336 $ 413
Total revenues 1,048 1,400 2,273 2,666
Affiliates        
Revenues from affiliates:        
Property revenues 8 9 16 17
Total revenues 65 99 149 188
Royalties        
Revenues from affiliates:        
Revenues 469 576 995 1,104
Royalties | Affiliates        
Revenues from affiliates:        
Revenues 54 87 127 165
Franchise fees and other revenue        
Revenues from affiliates:        
Revenues 15 21 33 38
Franchise fees and other revenue | Affiliates        
Revenues from affiliates:        
Revenues $ 3 $ 3 $ 6 $ 6
v3.20.2
Other Accrued Liabilities and Other Liabilities, net - Schedule of Other Accrued Liabilities (Current) and Other Liabilities (NonCurrent), Net (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current:    
Dividend payable $ 0 $ 232
Interest payable 79 71
Accrued compensation and benefits 47 57
Taxes payable 184 126
Deferred income 35 35
Accrued advertising expenses 59 40
Restructuring and other provisions 9 8
Current portion of operating lease liabilities 123 126
Other 60 95
Other accrued liabilities 596 790
Noncurrent:    
Taxes payable 591 579
Contract liabilities 510 541
Derivatives liabilities 492 341
Unfavorable leases 87 103
Accrued pension 61 65
Deferred income 29 25
Other 40 44
Other liabilities, net $ 1,810 $ 1,698
v3.20.2
Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Debt Instrument [Line Items]    
Other $ 169 $ 81
Less: unamortized deferred financing costs and deferred issue discount (145) (148)
Total debt, net 12,388 11,833
Less: current maturities of debt (78) (74)
Total long-term debt 12,310 11,759
Term Loan B (due November 19, 2026)    
Debt Instrument [Line Items]    
Term loan facility 5,323 5,350
Term Loan A (due October 7, 2024)    
Debt Instrument [Line Items]    
Term loan facility $ 741 750
2017 4.25% Senior Notes (due May 15, 2024)    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 4.25%  
2019 3.875% Senior Notes (due January 15, 2028)    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 3.875%  
2020 5.75% Senior Notes (due April 15,2025)    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 5.75%  
2017 5.00% Senior Notes (due October 15, 2025)    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 5.00%  
2019 4.375% Senior Notes (due January 15, 2028)    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 4.375%  
Senior Notes | 2017 4.25% Senior Notes (due May 15, 2024)    
Debt Instrument [Line Items]    
Senior notes $ 1,500 1,500
Senior Notes | 2019 3.875% Senior Notes (due January 15, 2028)    
Debt Instrument [Line Items]    
Senior notes 750 750
Senior Notes | 2020 5.75% Senior Notes (due April 15,2025)    
Debt Instrument [Line Items]    
Senior notes 500 0
Senior Notes | 2017 5.00% Senior Notes (due October 15, 2025)    
Debt Instrument [Line Items]    
Senior notes 2,800 2,800
Senior Notes | 2019 4.375% Senior Notes (due January 15, 2028)    
Debt Instrument [Line Items]    
Senior notes $ 750 $ 750
v3.20.2
Long-Term Debt - Revolving Credit Facility - Additional Information (Details) - Revolving Credit Facility
 1 Months Ended
Mar. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
Apr. 02, 2020
USD ($)
Line of Credit Facility [Line Items]      
Proceeds from lines of credit $ 995,000,000    
Amount outstanding under credit facility   $ 0  
Letters of credit issued against credit facility   2,000,000  
Remaining borrowing capacity   998,000,000  
Letter of credit sublimit as part of revolving credit facility   $ 125,000,000  
Debt instrument, minimum liquidity covenant, amount     $ 1,000,000,000
Senior secured first lien leverage ratio     6.50
v3.20.2
Long-Term Debt - TH facility - Additional Information (Details) - TH Facility
 6 Months Ended
Jun. 30, 2020
CAD ($)
Line of Credit Facility [Line Items]  
Aggregate principal amount outstanding $ 225,000,000
Remaining borrowing capacity 125,000,000
Proceeds from lines of credit $ 225,000,000
Interest rate 1.93%
Canadian Bankers' Acceptance Rate  
Line of Credit Facility [Line Items]  
Basis spread on variable rate 1.40%
Prime Rate  
Line of Credit Facility [Line Items]  
Basis spread on variable rate 0.40%
v3.20.2
Long-Term Debt Long Term Debt - 2020 Senior Notes (Details) - Senior Notes - 2020 5.75% Senior Notes (due April 15, 2025)
Apr. 07, 2020
USD ($)
Debt Instrument [Line Items]  
Stated interest rate (as a percent) 5.75%
Aggregate principal amount of debt issued $ 500,000,000
Period principal payments due 0
Capitalized debt issuance costs $ 9,000,000
v3.20.2
Long-Term Debt - Schedule of Fair Value Measurement (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Debt Disclosure [Abstract]    
Fair value of our variable term debt and senior notes $ 12,152 $ 12,075
Principal carrying amount of our variable term debt and senior notes $ 12,364 $ 11,900
v3.20.2
Long-Term Debt - Schedule of Interest Expense, Net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Debt Disclosure [Abstract]        
Debt $ 119 $ 128 $ 232 $ 252
Finance lease obligations 5 6 10 11
Amortization of deferred financing costs and debt issuance discount 6 8 12 15
Interest income (2) (5) (7) (9)
Interest expense, net 128 137 247 269
Cross-currency rate swaps | Derivatives designated as net investment hedges | Interest expense, net        
Debt Instrument [Line Items]        
Gain (loss) reclassified to earnings, net investment hedge $ 20 $ 19 $ 41 $ 37
v3.20.2
Income Taxes - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Tax Disclosure [Abstract]        
Effective income tax rate (42.30%) 27.40% (0.90%) 23.40%
Deferred tax asset, period increase (decrease) $ (64)   $ (64)  
Effective tax rate, period increase (decrease) (55.20%) 10.40% (16.50%) 5.60%
Unrecognized tax benefits, increase related to prior restructuring transaction       $ 37
Effective income tax rate reconciliation, stock option exercises   4.00%   4.10%
v3.20.2
Equity - Additional Information (Details) - shares
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Partnership exchangeable units          
Stockholders Equity [Line Items]          
BKW reorganization into Partnership (in shares) 2,494,854 178,046 45,325 141,190 2,672,900
v3.20.2
Equity - Summary of Changes in the Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balances $ 3,752 $ 3,773 $ 4,259 $ 3,618
Foreign currency translation adjustment 342 199 (409) 358
Amounts reclassified to earnings of cash flow hedges, net of tax 18 3 29 2
Ending balances 3,852 3,960 3,852 3,960
Derivatives        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balances     306  
Net change in fair value of derivatives, net of tax     (14)  
Amounts reclassified to earnings of cash flow hedges, net of tax     29  
Ending balances 321   321  
Pensions        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balances     (29)  
Ending balances (29)   (29)  
Foreign Currency Translation        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balances     (1,455)  
Foreign currency translation adjustment     (409)  
Ending balances (1,864)   (1,864)  
Accumulated  Other Comprehensive Income (Loss)        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balances (1,721) (1,389) (1,178) (1,437)
Foreign currency translation adjustment     (409)  
Net change in fair value of derivatives, net of tax     (14)  
Amounts reclassified to earnings of cash flow hedges, net of tax     29  
Ending balances $ (1,572) $ (1,284) $ (1,572) $ (1,284)
v3.20.2
Derivative Instruments - Additional Information (Details)
€ in Millions, $ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2015
USD ($)
Jun. 30, 2020
CAD ($)
Jun. 30, 2020
EUR (€)
Dec. 31, 2018
USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Net unrealized loss recognized in AOCI $ 37,000,000 $ 57,000,000 $ 251,000,000 $ 91,000,000          
Amount of pre-tax losses in AOCI expect to be reclassified into interest expense     12,000,000            
Maximum                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Notional amount 84,000,000   84,000,000            
Interest rate swaps                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Notional amount         $ 3,500,000,000        
Interest rate swaps | Interest expense, net                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Net unrealized loss recognized in AOCI         213,000,000        
Gain (loss) reclassified from OACI to Income     51,000,000            
Net unrealized loss recognized at settlement           $ 85,000,000      
Interest Rate Swaps - Period One                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Notional amount 3,500,000,000   3,500,000,000            
Interest Rate Swaps - Period Two                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Notional amount 500,000,000   500,000,000            
Cross Currency Interest Rate Contract | Fixed Income Interest Rate                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Notional amount 5,000,000,000   5,000,000,000       $ 6,754    
Cross Currency Interest Rate Contract | Fixed Income Interest Rate | Derivatives designated as net investment hedges                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Notional amount         $ 500,000,000       $ 400,000,000
Cross Currency Interest Rate Contract | Fixed Income Interest Rate | Hedge Funds                  
Derivative Instruments and Hedging Activities Disclosures [Line Items]                  
Notional amount $ 1,200,000,000   $ 1,200,000,000         € 1,108  
v3.20.2
Derivative Instruments - Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest rate swaps | Derivatives designated as cash flow hedges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Gain or (Loss) Recognized in Other Comprehensive Income (Loss) $ (48) $ (77) $ (348) $ (121)
Forward-currency contracts | Derivatives designated as cash flow hedges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Gain or (Loss) Recognized in Other Comprehensive Income (Loss) (2) (2) 5 (4)
Cross-currency rate swaps | Derivatives designated as net investment hedges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Gain or (Loss) Recognized in Other Comprehensive Income (Loss) (228) (53) 289 (155)
Interest expense, net | Interest rate swaps | Derivatives designated as cash flow hedges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Gain or (Loss) Reclassified from AOCI into Earnings (26) (6) (41) (7)
Interest expense, net | Cross-currency rate swaps | Derivatives designated as net investment hedges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Gain or (Loss) Recognized in Earnings (Amount Excluded from Effectiveness Testing) 20 19 41 37
Cost of sales | Forward-currency contracts | Derivatives designated as cash flow hedges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Gain or (Loss) Reclassified from AOCI into Earnings $ 2 $ 2 $ 2 $ 4
v3.20.2
Derivative Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives assets $ 157 $ 29
Derivatives liabilities 492 343
Derivatives designated as cash flow hedges | Foreign currency | Prepaids and other current assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives assets 2 0
Derivatives designated as cash flow hedges | Foreign currency | Other accrued liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives liabilities 0 2
Derivatives designated as cash flow hedges | Interest rate | Other assets, net    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives assets 0 7
Derivatives designated as cash flow hedges | Interest rate | Other liabilities, net    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives liabilities 490 175
Derivatives designated as net investment hedges | Foreign currency | Other assets, net    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives assets 155 22
Derivatives designated as net investment hedges | Foreign currency | Other liabilities, net    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives liabilities $ 2 $ 166
v3.20.2
Other Operating Expenses (Income), net - Other Operating Expenses (Income), Net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Other Income and Expenses [Abstract]        
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings $ 0 $ (10) $ (2) $ (7)
Litigation settlements (gains) and reserves, net 1 0 1 0
Net losses (gains) on foreign exchange 18 12 10 (3)
Other, net 2 1 (4) (4)
Other operating expenses (income), net $ 21 $ 3 $ 5 $ (14)
v3.20.2
Segment Reporting - Additional Information (Details)
 6 Months Ended
Jun. 30, 2020
brand
Segment Reporting [Abstract]  
Number of brands 3
Number of operating segments 3
Number of reportable segments 3
v3.20.2
Segment Reporting - Revenues by Operating Segment and Country (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue, Major Customer [Line Items]        
Total revenues $ 1,048 $ 1,400 $ 2,273 $ 2,666
Canada        
Revenue, Major Customer [Line Items]        
Total revenues 514 764 1,146 1,440
United States        
Revenue, Major Customer [Line Items]        
Total revenues 443 479 893 923
Other        
Revenue, Major Customer [Line Items]        
Total revenues 91 157 234 303
Tim Hortons brand        
Revenue, Major Customer [Line Items]        
Total revenues 567 842 1,266 1,591
Burger King brand        
Revenue, Major Customer [Line Items]        
Total revenues 347 447 735 858
Popeyes brand        
Revenue, Major Customer [Line Items]        
Total revenues $ 134 $ 111 $ 272 $ 217
v3.20.2
Segment Reporting - Reconciliation of Segment Income to Net Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]            
Adjusted EBITDA $ 358   $ 580   $ 802 $ 1,080
Impact of equity method investments 16   2   18 0
Other operating expenses (income), net 21   3   5 (14)
EBITDA 289   536   723 1,017
Depreciation and amortization 46   45   91 92
Income from operations 243   491   632 925
Interest expense, net 128   137   247 269
Income tax expense (49)   97   (3) 153
Net income 164 $ 224 257 $ 246 388 503
Unallocated Management G&A            
Segment Reporting, Revenue Reconciling Item [Line Items]            
Share-based compensation and non-cash incentive compensation expense 23   19   44 44
Corporate restructuring and tax advisory fees 7   11   8 17
Office centralization and relocation costs 0   2   0 6
Impact of equity method investments 18   9   22 10
Other operating expenses (income), net 21   3   5 (14)
Tim Hortons brand | Operating Segments            
Segment Reporting, Revenue Reconciling Item [Line Items]            
Adjusted EBITDA 147   287   336 524
Burger King brand | Operating Segments            
Segment Reporting, Revenue Reconciling Item [Line Items]            
Adjusted EBITDA 160   252   360 474
Popeyes brand | Operating Segments            
Segment Reporting, Revenue Reconciling Item [Line Items]            
Adjusted EBITDA $ 51   $ 41   $ 106 $ 82
v3.20.2
Supplemental Financial Information Narrative (Details)
Apr. 07, 2020
Nov. 19, 2019
Sep. 24, 2019
Aug. 28, 2017
May 17, 2017
2020 5.75% Senior Notes (due April 15,2025)          
Stated interest rate (as a percent) 5.75%        
2019 4.375% Senior Notes (due January 15, 2028)          
Stated interest rate (as a percent)   4.375%      
2019 3.875% Senior Notes (due January 15, 2028)          
Stated interest rate (as a percent)     3.875%    
2017 5.00% Senior Notes (due October 15, 2025)          
Stated interest rate (as a percent)       5.00%  
2017 4.25% Senior Notes (due May 15, 2024)          
Stated interest rate (as a percent)         4.25%
v3.20.2
Supplemental Financial Information - Condensed Consolidating Balance Sheets (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:            
Cash and cash equivalents $ 1,540   $ 1,533      
Accounts and notes receivable, net 520   527      
Inventories, net 96   84      
Prepaids and other current assets 71   52      
Total current assets 2,227   2,196      
Property and equipment, net 1,958   2,007      
Operating lease assets, net 1,117   1,176      
Intangible assets, net 10,288   10,563      
Goodwill 5,498   5,651      
Net investment in property leased to franchisees 62   48      
Intercompany receivable     0      
Investment in subsidiaries 0   0      
Other assets, net 866   719      
Total assets 22,016   22,360      
Current liabilities:            
Accounts and drafts payable 470   644      
Other accrued liabilities 596   790      
Gift card liability 112   168      
Current portion of long-term debt and finance leases 106   101      
Total current liabilities 1,284   1,703      
Long-term debt, net of current portion 12,310   11,759      
Finance leases, net of current portion 299   288      
Operating lease liabilities, net of current portion 1,046   1,089      
Other liabilities, net 1,810   1,698      
Payables to affiliates     0      
Deferred income taxes, net 1,415   1,564      
Total liabilities 18,164   18,101      
Partners’ capital:            
Common shares 0   0      
Retained Earnings 0   0      
Accumulated other comprehensive income (loss) (1,572)   (1,178)      
Total Partners’ capital 3,849   4,255      
Noncontrolling interests 3   4      
Total equity 3,852 $ 3,752 4,259 $ 3,960 $ 3,773 $ 3,618
Total liabilities and equity 22,016   22,360      
Class A common units            
Partners’ capital:            
Class A common units 7,947   7,786      
Total equity 7,947 7,840 7,786 4,495 4,423 4,323
Partnership exchangeable units            
Partners’ capital:            
Partnership exchangeable units (2,526)   (2,353)      
Total equity (2,526) $ (2,370) (2,353) $ 746 $ 737 $ 730
Eliminations            
Current assets:            
Cash and cash equivalents 0   0      
Accounts and notes receivable, net 0   0      
Inventories, net 0   0      
Prepaids and other current assets 0   0      
Total current assets 0   0      
Property and equipment, net 0   0      
Operating lease assets, net 0   0      
Intangible assets, net 0   0      
Goodwill 0   0      
Net investment in property leased to franchisees 0   0      
Intercompany receivable     (232)      
Investment in subsidiaries (3,852)   (4,259)      
Other assets, net 0   0      
Total assets (3,852)   (4,491)      
Current liabilities:            
Accounts and drafts payable 0   0      
Other accrued liabilities 0   0      
Gift card liability 0   0      
Current portion of long-term debt and finance leases 0   0      
Total current liabilities 0   0      
Long-term debt, net of current portion 0   0      
Finance leases, net of current portion 0   0      
Operating lease liabilities, net of current portion 0   0      
Other liabilities, net 0   0      
Payables to affiliates     (232)      
Deferred income taxes, net 0   0      
Total liabilities 0   (232)      
Partners’ capital:            
Common shares (3,334)   (3,248)      
Retained Earnings (2,087)   (2,185)      
Accumulated other comprehensive income (loss) 1,572   1,178      
Total Partners’ capital (3,849)   (4,255)      
Noncontrolling interests (3)   (4)      
Total equity (3,852)   (4,259)      
Total liabilities and equity (3,852)   (4,491)      
Eliminations | Class A common units            
Partners’ capital:            
Class A common units 0   0      
Eliminations | Partnership exchangeable units            
Partners’ capital:            
Partnership exchangeable units 0   0      
Consolidated Borrowers | Reportable Legal Entities            
Current assets:            
Cash and cash equivalents 1,540   1,533      
Accounts and notes receivable, net 520   527      
Inventories, net 96   84      
Prepaids and other current assets 71   52      
Total current assets 2,227   2,196      
Property and equipment, net 1,958   2,007      
Operating lease assets, net 1,117   1,176      
Intangible assets, net 10,288   10,563      
Goodwill 5,498   5,651      
Net investment in property leased to franchisees 62   48      
Intercompany receivable     0      
Investment in subsidiaries 0   0      
Other assets, net 866   719      
Total assets 22,016   22,360      
Current liabilities:            
Accounts and drafts payable 470   644      
Other accrued liabilities 596   558      
Gift card liability 112   168      
Current portion of long-term debt and finance leases 106   101      
Total current liabilities 1,284   1,471      
Long-term debt, net of current portion 12,310   11,759      
Finance leases, net of current portion 299   288      
Operating lease liabilities, net of current portion 1,046   1,089      
Other liabilities, net 1,810   1,698      
Payables to affiliates     232      
Deferred income taxes, net 1,415   1,564      
Total liabilities 18,164   18,101      
Partners’ capital:            
Common shares 3,334   3,248      
Retained Earnings 2,087   2,185      
Accumulated other comprehensive income (loss) (1,572)   (1,178)      
Total Partners’ capital 3,849   4,255      
Noncontrolling interests 3   4      
Total equity 3,852   4,259      
Total liabilities and equity 22,016   22,360      
Consolidated Borrowers | Reportable Legal Entities | Class A common units            
Partners’ capital:            
Class A common units 0   0      
Consolidated Borrowers | Reportable Legal Entities | Partnership exchangeable units            
Partners’ capital:            
Partnership exchangeable units 0   0      
RBILP | Reportable Legal Entities            
Current assets:            
Cash and cash equivalents 0   0      
Accounts and notes receivable, net 0   0      
Inventories, net 0   0      
Prepaids and other current assets 0   0      
Total current assets 0   0      
Property and equipment, net 0   0      
Operating lease assets, net 0   0      
Intangible assets, net 0   0      
Goodwill 0   0      
Net investment in property leased to franchisees 0   0      
Intercompany receivable     232      
Investment in subsidiaries 3,852   4,259      
Other assets, net 0   0      
Total assets 3,852   4,491      
Current liabilities:            
Accounts and drafts payable 0   0      
Other accrued liabilities 0   232      
Gift card liability 0   0      
Current portion of long-term debt and finance leases 0   0      
Total current liabilities 0   232      
Long-term debt, net of current portion 0   0      
Finance leases, net of current portion 0   0      
Operating lease liabilities, net of current portion 0   0      
Other liabilities, net 0   0      
Payables to affiliates     0      
Deferred income taxes, net 0   0      
Total liabilities 0   232      
Partners’ capital:            
Common shares 0   0      
Retained Earnings 0   0      
Accumulated other comprehensive income (loss) (1,572)   (1,178)      
Total Partners’ capital 3,849   4,255      
Noncontrolling interests 3   4      
Total equity 3,852   4,259      
Total liabilities and equity 3,852   4,491      
RBILP | Reportable Legal Entities | Class A common units            
Partners’ capital:            
Class A common units 7,947   7,786      
RBILP | Reportable Legal Entities | Partnership exchangeable units            
Partners’ capital:            
Partnership exchangeable units $ (2,526)   $ (2,353)      
v3.20.2
Supplemental Financial Information - Condensed Consolidating Statements of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:            
Franchise and property revenues $ 642   $ 811   $ 1,364 $ 1,555
Total revenues 1,048   1,400   2,273 2,666
Operating costs and expenses:            
Cost of sales 339   453   738 859
Franchise and property expenses 134   135   260 268
Selling, general and administrative expenses 295   316   620 628
(Income) loss from equity method investments 16   2   18 0
Other operating expenses (income), net 21   3   5 (14)
Total operating costs and expenses 805   909   1,641 1,741
Income from operations 243   491   632 925
Interest expense, net 128   137   247 269
Income before income taxes 115   354   385 656
Income tax (benefit) expense (49)   97   (3) 153
Net income 164   257   388 503
Equity in earnings of consolidated subsidiaries 0   0   0 0
Net income 164 $ 224 257 $ 246 388 503
Comprehensive income (loss) attributable to noncontrolling interests 1   0   1 0
Net income attributable to common unitholders 163   257   387 503
Comprehensive income (loss) 313   362   (6) 656
Eliminations            
Revenues:            
Franchise and property revenues 0   0   0 0
Total revenues 0   0   0 0
Operating costs and expenses:            
Cost of sales 0   0   0 0
Franchise and property expenses 0   0   0 0
Selling, general and administrative expenses 0   0   0 0
(Income) loss from equity method investments 0   0   0 0
Other operating expenses (income), net 0   0   0 0
Total operating costs and expenses 0   0   0 0
Income from operations 0   0   0 0
Interest expense, net 0   0   0 0
Income before income taxes 0   0   0 0
Income tax (benefit) expense 0   0   0 0
Net income 0   0   0 0
Equity in earnings of consolidated subsidiaries (164)   (257)   (388) (503)
Net income (164)   (257)   (388) (503)
Comprehensive income (loss) attributable to noncontrolling interests (1)   0   (1) 0
Net income attributable to common unitholders (163)   (257)   (387) (503)
Comprehensive income (loss) (313)   (362)   6 (656)
Consolidated Borrowers | Reportable Legal Entities            
Revenues:            
Franchise and property revenues 642   811   1,364 1,555
Total revenues 1,048   1,400   2,273 2,666
Operating costs and expenses:            
Cost of sales 339   453   738 859
Franchise and property expenses 134   135   260 268
Selling, general and administrative expenses 295   316   620 628
(Income) loss from equity method investments 16   2   18 0
Other operating expenses (income), net 21   3   5 (14)
Total operating costs and expenses 805   909   1,641 1,741
Income from operations 243   491   632 925
Interest expense, net 128   137   247 269
Income before income taxes 115   354   385 656
Income tax (benefit) expense (49)   97   (3) 153
Net income 164   257   388 503
Equity in earnings of consolidated subsidiaries 0   0   0 0
Net income 164   257   388 503
Comprehensive income (loss) attributable to noncontrolling interests 1   0   1 0
Net income attributable to common unitholders 163   257   387 503
Comprehensive income (loss) 313   362   (6) 656
RBILP | Reportable Legal Entities            
Revenues:            
Franchise and property revenues 0   0   0 0
Total revenues 0   0   0 0
Operating costs and expenses:            
Cost of sales 0   0   0 0
Franchise and property expenses 0   0   0 0
Selling, general and administrative expenses 0   0   0 0
(Income) loss from equity method investments 0   0   0 0
Other operating expenses (income), net 0   0   0 0
Total operating costs and expenses 0   0   0 0
Income from operations 0   0   0 0
Interest expense, net 0   0   0 0
Income before income taxes 0   0   0 0
Income tax (benefit) expense 0   0   0 0
Net income 0   0   0 0
Equity in earnings of consolidated subsidiaries 164   257   388 503
Net income 164   257   388 503
Comprehensive income (loss) attributable to noncontrolling interests 1   0   1 0
Net income attributable to common unitholders 163   257   387 503
Comprehensive income (loss) 313   362   (6) 656
Sales            
Revenues:            
Sales 406   589   909 1,111
Sales | Eliminations            
Revenues:            
Sales 0   0   0 0
Sales | Consolidated Borrowers | Reportable Legal Entities            
Revenues:            
Sales 406   589   909 1,111
Sales | RBILP | Reportable Legal Entities            
Revenues:            
Sales $ 0   $ 0   $ 0 $ 0
v3.20.2
Supplemental Financial Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:            
Net income $ 164 $ 224 $ 257 $ 246 $ 388 $ 503
Adjustments to reconcile net income to net cash provided by operating activities:            
Equity in loss (earnings) of consolidated subsidiaries 0   0   0 0
Depreciation and amortization         91 92
Amortization of deferred financing costs and debt issuance discount 6   8   12 15
(Income) loss from equity method investments 16   2   18 0
(Gain) loss on remeasurement of foreign denominated transactions         10 (3)
Net (gains) losses on derivatives         (1) (34)
Share-based compensation expense         39 39
Deferred income taxes         (131) 23
Other         20 (3)
Changes in current assets and liabilities, excluding acquisitions and dispositions:            
Accounts and notes receivable         (36) (16)
Inventories and prepaids and other current assets         (28) (10)
Accounts and drafts payable         (158) (40)
Other accrued liabilities and gift card liability         (13) (166)
Tenant inducements paid to franchisees         (5) (8)
Other long-term assets and liabilities         (10) 83
Net cash provided by operating activities         196 475
Cash flows from investing activities:            
Payments for property and equipment         (39) (14)
Net proceeds from disposal of assets, restaurant closures, and refranchisings         5 22
Settlement/sale of derivatives, net         22 15
Net cash (used for) provided by investing activities         (12) 23
Cash flows from financing activities:            
Proceeds from revolving line of credit and long-term debt         1,585 0
Repayments of revolving line of credit, long-term debt and finance leases         (1,045) (48)
Payment of financing costs         (10) 0
Distributions on Class A common and Partnership exchangeable units         (716) (437)
Capital contribution from RBI         41 80
Distributions from subsidiaries         0 0
(Payments) proceeds from derivatives         (14)  
(Payments) proceeds from derivatives     11     11
Other financing activities, net         (2) (1)
Net cash used for financing activities         (161) (395)
Effect of exchange rates on cash and cash equivalents         (16) 12
Increase (decrease) in cash and cash equivalents         7 115
Cash and cash equivalents at beginning of period   1,533   913 1,533 913
Cash and cash equivalents at end of period 1,540   1,028   1,540 1,028
Eliminations            
Cash flows from operating activities:            
Net income (164)   (257)   (388) (503)
Adjustments to reconcile net income to net cash provided by operating activities:            
Equity in loss (earnings) of consolidated subsidiaries 164   257   388 503
Depreciation and amortization         0 0
Amortization of deferred financing costs and debt issuance discount         0 0
(Income) loss from equity method investments 0   0   0 0
(Gain) loss on remeasurement of foreign denominated transactions         0 0
Net (gains) losses on derivatives         0 0
Share-based compensation expense         0 0
Deferred income taxes         0 0
Other         0 0
Changes in current assets and liabilities, excluding acquisitions and dispositions:            
Accounts and notes receivable         0 0
Inventories and prepaids and other current assets         0 0
Accounts and drafts payable         0 0
Other accrued liabilities and gift card liability         0 0
Tenant inducements paid to franchisees         0 0
Other long-term assets and liabilities         0 0
Net cash provided by operating activities         0 0
Cash flows from investing activities:            
Payments for property and equipment         0 0
Net proceeds from disposal of assets, restaurant closures, and refranchisings         0 0
Settlement/sale of derivatives, net         0 0
Net cash (used for) provided by investing activities         0 0
Cash flows from financing activities:            
Proceeds from revolving line of credit and long-term debt         0  
Repayments of revolving line of credit, long-term debt and finance leases         0 0
Payment of financing costs         0  
Distributions on Class A common and Partnership exchangeable units         0 0
Capital contribution from RBI         0 0
Distributions from subsidiaries         0 0
(Payments) proceeds from derivatives         0  
(Payments) proceeds from derivatives     0      
Other financing activities, net         0 0
Net cash used for financing activities         0 0
Effect of exchange rates on cash and cash equivalents         0 0
Increase (decrease) in cash and cash equivalents         0 0
Cash and cash equivalents at beginning of period   0   0 0 0
Cash and cash equivalents at end of period 0   0   0 0
Consolidated Borrowers | Reportable Legal Entities            
Cash flows from operating activities:            
Net income 164   257   388 503
Adjustments to reconcile net income to net cash provided by operating activities:            
Equity in loss (earnings) of consolidated subsidiaries 0   0   0 0
Depreciation and amortization         91 92
Amortization of deferred financing costs and debt issuance discount         12 15
(Income) loss from equity method investments 16   2   18 0
(Gain) loss on remeasurement of foreign denominated transactions         10 (3)
Net (gains) losses on derivatives         (1) (34)
Share-based compensation expense         39 39
Deferred income taxes         (131) 23
Other         20 (3)
Changes in current assets and liabilities, excluding acquisitions and dispositions:            
Accounts and notes receivable         (36) (16)
Inventories and prepaids and other current assets         (28) (10)
Accounts and drafts payable         (158) (40)
Other accrued liabilities and gift card liability         (13) (166)
Tenant inducements paid to franchisees         (5) (8)
Other long-term assets and liabilities         (10) 83
Net cash provided by operating activities         196 475
Cash flows from investing activities:            
Payments for property and equipment         (39) (14)
Net proceeds from disposal of assets, restaurant closures, and refranchisings         5 22
Settlement/sale of derivatives, net         22 15
Net cash (used for) provided by investing activities         (12) 23
Cash flows from financing activities:            
Proceeds from revolving line of credit and long-term debt         1,585  
Repayments of revolving line of credit, long-term debt and finance leases         (1,045) (48)
Payment of financing costs         (10)  
Distributions on Class A common and Partnership exchangeable units         0 0
Capital contribution from RBI         41 80
Distributions from subsidiaries         (716) (437)
(Payments) proceeds from derivatives         (14)  
(Payments) proceeds from derivatives     11      
Other financing activities, net         (2) (1)
Net cash used for financing activities         (161) (395)
Effect of exchange rates on cash and cash equivalents         (16) 12
Increase (decrease) in cash and cash equivalents         7 115
Cash and cash equivalents at beginning of period   1,533   913 1,533 913
Cash and cash equivalents at end of period 1,540   1,028   1,540 1,028
RBILP | Reportable Legal Entities            
Cash flows from operating activities:            
Net income 164   257   388 503
Adjustments to reconcile net income to net cash provided by operating activities:            
Equity in loss (earnings) of consolidated subsidiaries (164)   (257)   (388) (503)
Depreciation and amortization         0 0
Amortization of deferred financing costs and debt issuance discount         0 0
(Income) loss from equity method investments 0   0   0 0
(Gain) loss on remeasurement of foreign denominated transactions         0 0
Net (gains) losses on derivatives         0 0
Share-based compensation expense         0 0
Deferred income taxes         0 0
Other         0 0
Changes in current assets and liabilities, excluding acquisitions and dispositions:            
Accounts and notes receivable         0 0
Inventories and prepaids and other current assets         0 0
Accounts and drafts payable         0 0
Other accrued liabilities and gift card liability         0 0
Tenant inducements paid to franchisees         0 0
Other long-term assets and liabilities         0 0
Net cash provided by operating activities         0 0
Cash flows from investing activities:            
Payments for property and equipment         0 0
Net proceeds from disposal of assets, restaurant closures, and refranchisings         0 0
Settlement/sale of derivatives, net         0 0
Net cash (used for) provided by investing activities         0 0
Cash flows from financing activities:            
Proceeds from revolving line of credit and long-term debt         0  
Repayments of revolving line of credit, long-term debt and finance leases         0 0
Payment of financing costs         0  
Distributions on Class A common and Partnership exchangeable units         (716) (437)
Capital contribution from RBI         0 0
Distributions from subsidiaries         716 437
(Payments) proceeds from derivatives         0  
(Payments) proceeds from derivatives     0      
Other financing activities, net         0 0
Net cash used for financing activities         0 0
Effect of exchange rates on cash and cash equivalents         0 0
Increase (decrease) in cash and cash equivalents         0 0
Cash and cash equivalents at beginning of period   $ 0   $ 0 0 0
Cash and cash equivalents at end of period $ 0   $ 0   $ 0 $ 0
v3.20.2
Subsequent Events - Additional Information (Details) - $ / shares
 1 Months Ended 3 Months Ended
Aug. 02, 2020
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Subsequent Event [Line Items]          
Cash dividend declared by board (in usd per share)   $ 0.78 $ 0.77 $ 0.63 $ 0.63
Subsequent Event          
Subsequent Event [Line Items]          
Cash dividend declared by board (in usd per share) $ 0.52        
Partnership exchangeable units | Restaurant Brands International Limited Partnership | Subsequent Event          
Subsequent Event [Line Items]          
Cash dividend paid per exchangeable unit (in usd per unit) $ 0.52