Restaurant Brands International Limited Partnership (RSTRF) 10-Q 29 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 20, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	QSP
Entity Registrant Name	Restaurant Brands International Limited Partnership
Entity Central Index Key	1,618,755
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Partnerships Exchangeable Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		227,336,014
Class A Common Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		202,006,067

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 811.5	$ 753.7	$ 1,021.6	$ 1,803.2
Trade and notes receivable, net of allowance of $15.5 million and $14.2 million, respectively	366.1	421.7
Inventories and other current assets, net	229.4	132.2
Advertising fund restricted assets	50.9	57.5
Total current assets	1,457.9	1,365.1
Property and equipment, net of accumulated depreciation of $378.3 million and $339.3 million, respectively	2,169.6	2,150.6
Intangible assets, net	9,539.5	9,147.8
Goodwill	4,797.7	4,574.4
Net investment in property leased to franchisees	111.2	117.2
Other assets, net	877.4	1,053.4
Total assets	18,953.3	18,408.5
Current liabilities:
Accounts and drafts payable	360.7	361.5
Other accrued liabilities	476.6	438.3
Gift card liability	132.5	168.5
Advertising fund liabilities	78.7	93.6
Current portion of long term debt and capital leases	57.6	56.1
Total current liabilities	1,106.1	1,118
Term debt, net of current portion	8,465.6	8,462.3
Capital leases, net of current portion	213.6	203.4
Other liabilities, net	918.5	795.9
Deferred income taxes, net	1,613.4	1,618.8
Total liabilities	12,317.2	12,198.4
Partnership preferred units; $43.775848 par value; 68,530,939 shares authorized, issued and outstanding at March 31, 2016 and December 31, 2015	3,297	3,297
Partners' capital:
Accumulated other comprehensive income (loss)	(1,101.8)	(1,467.8)
Total Partners' capital	3,334.6	2,912.4
Noncontrolling interests	4.5	0.7
Total equity	3,339.1	2,913.1
Total liabilities, Partnership preferred units and equity	18,953.3	18,408.5
Class A Common Units [Member]
Partners' capital:
Class A common units; 202,006,067 units issued and outstanding at March 31, 2016 and December 31, 2015	3,122.2	2,876.7
Total equity	3,122.2	2,876.7
Partnerships Exchangeable Units [Member]
Partners' capital:
Partnership exchangeable units; 227,365,646 issued and outstanding at March 31, 2016; 233,739,648 issued and outstanding at December 31, 2015	1,314.2	1,503.5
Total equity	$ 1,314.2	$ 1,503.5

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Allowances for trade and notes receivable	$ 15.5	$ 14.2
Property and equipment, accumulated depreciation	$ 378.3	$ 339.3
Partnership preferred units, par value	$ 43.775848	$ 43.775848
Partnership preferred units, shares authorized	68,530,939	68,530,939
Partnership preferred units, shares issued	68,530,939	68,530,939
Partnership preferred units; shares outstanding	68,530,939	68,530,939
Class A Common Units [Member]
Class A common units, units issued	202,006,067	202,006,067
Class A common units, units outstanding	202,006,067	202,006,067
Partnerships Exchangeable Units [Member]
Partnership exchangeable units, units issued	227,365,646	233,739,648
Partnership exchangeable units, units outstanding	227,365,646	233,739,648

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Sales	$ 490.5	$ 499.5
Franchise and property revenues	428	433.8
Total revenues	918.5	933.3
Cost of sales	388.2	433.2
Franchise and property expenses	104.2	129.1
Selling, general and administrative expenses	73.2	111
(Income) loss from equity method investments	(18.5)	(1.7)
Other operating expenses (income), net	40.8	37.6
Total operating costs and expenses	587.9	709.2
Income from operations	330.6	224.1
Interest expense, net	115.1	123.1
(Gain) loss on early extinguishment of debt		(0.3)
Income before income taxes	215.5	101.3
Income tax expense	47.2	50.7
Net income	168.3	50.6
Net income attributable to noncontrolling interests (Note 12)	0.9	1
Partnership preferred unit distributions	67.5	68.7
Net income (loss) attributable to common unitholders / shareholders	$ 99.9	$ (19.1)
Weighted average units outstanding - diluted (Note 4):
Distributions per common unit	$ 0.14	$ 0.09
Class A Common Units [Member]
Revenues:
Net income	$ 83.7
Partnership preferred unit distributions	33.7
Net income (loss) attributable to common unitholders / shareholders	$ 50	$ (8.2)
Earnings (loss) per unit - basic (Note 4):
Earning per unit basic	$ 0.25	$ (0.04)
Earnings (loss) per unit - diluted (Note 4):
Earning per unit diluted	0.25	(0.04)
Earning per unit diluted	$ 0.25	$ (0.04)
Weighted average units outstanding - basic (Note 4):
Weighted average units outstanding - basic	202	202
Weighted average units outstanding - diluted (Note 4):
Weighted average units outstanding - diluted	202	202
Partnerships Exchangeable Units [Member]
Revenues:
Net income	$ 83.7
Partnership preferred unit distributions	33.8
Net income (loss) attributable to common unitholders / shareholders	$ 49.9	$ (10.9)
Earnings (loss) per unit - basic (Note 4):
Earning per unit basic	$ 0.22	$ (0.04)
Earnings (loss) per unit - diluted (Note 4):
Earning per unit diluted	0.22	(0.04)
Earning per unit diluted	$ 0.22	$ (0.04)
Weighted average units outstanding - basic (Note 4):
Weighted average units outstanding - basic	229.8	265
Weighted average units outstanding - diluted (Note 4):
Weighted average units outstanding - diluted	229.8	265

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 168.3	$ 50.6
Foreign currency translation adjustment	649.4	(1,091.8)
Net change in fair value of net investment hedges, net of tax of $35.5 and $(68.1)	(238.6)	386.2
Net change in fair value of cash flow hedges, net of tax of $15.7 and $19.4	(44.4)	(53.9)
Amounts reclassified to earnings of cash flow hedges, net of tax of $0 and $(0.6)	(0.1)	1.5
Pension and post-retirement benefit plans, net of tax of $0 and $0.1	0	(0.1)
Amortization of prior service (credits) costs, net of tax of $0.3 and $0.3	(0.4)	(0.4)
Amortization of actuarial (gains) losses, net of tax of $(0.1) and $(0.3)	0.1	0.4
Other comprehensive income (loss)	366	(758.1)
Comprehensive income (loss)	534.3	(707.5)
Comprehensive income (loss) attributable to noncontrolling interests	0.9	1
Comprehensive income attributable to preferred unitholders	67.5	68.7
Comprehensive income (loss) attributable to common unitholders	$ 465.9	$ (777.2)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Tax effect on change in fair value of investment hedges	$ 35.5	$ (68.1)
Tax effect on change in fair value of interest rate caps/swaps	15.7	19.4
Tax effect on amounts reclassified to earnings of cash flow hedges	0	(0.6)
Tax effect on pension and post-retirement benefit plans	0	0.1
Tax effect on amortization prior service costs	0.3	0.3
Tax effect on amortization of actuarial (gain) loss	$ (0.1)	$ (0.3)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Shareholders' Equity (unaudited) - 3 months ended Mar. 31, 2016 - USD ($) $ in Millions	Total	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interests [Member]	Class A Common Units [Member]	Partnerships Exchangeable Units [Member]
Beginning Balance at Dec. 31, 2015	$ 2,913.1	$ (1,467.8)	$ 0.7	$ 2,876.7	$ 1,503.5
Beginning Balance, shares at Dec. 31, 2015				202,006,067
Beginning Balance, shares at Dec. 31, 2015					233,739,648
Distributions declared on Class A common units ($0.14 per unit)	(32.5)			$ (32.5)
Distributions declared on partnership exchangeable units ($0.14 per unit)	(31.9)			(32.5)	$ (31.9)
Preferred unit distributions	$ (67.5)			(33.7)	(33.8)
Exchange of Partnership exchangeable units for RBI common shares				207.3	$ (207.3)
Exchange of Partnership exchange units for RBI common shares, shares	(6,374,002)				(6,400,000)
Capital contribution from RBI Inc.	$ 20.7			20.7
Restaurant VIE contributions	2.9		2.9
Net income	168.3		0.9	83.7	$ 83.7
Other comprehensive income (loss)	366	366
Ending Balance at Mar. 31, 2016	$ 3,339.1	$ (1,101.8)	$ 4.5	$ 3,122.2	$ 1,314.2
Ending Balance, shares at Mar. 31, 2016				202,006,067
Ending Balance, shares at Mar. 31, 2016					227,365,646

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Shareholders' Equity (unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2016$ / shares
Distributions declared on partnership exchangeable units, per unit	$ 0.14
Class A Common Units [Member]
Distributions declared on Class A common units, per unit	0.14
Partnerships Exchangeable Units [Member]
Distributions declared on partnership exchangeable units, per unit	$ 0.14

Condensed Consolidated Stateme9

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 168.3	$ 50.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	42.1	48.8
(Gain) loss on early extinguishment of debt		(0.3)
Amortization of deferred financing costs and debt issuance discount	9.7	7
(Income) loss from equity method investments	(18.5)	(1.7)
Loss (gain) on remeasurement of foreign denominated transactions	28	18.1
Amortization of defined benefit pension and postretirement benefits	(0.6)
Net losses (gains) on derivatives	3.5	15
Net losses (gains) on refranchisings and dispositions of assets	9.4	1.2
Bad debt expense (recoveries), net	(0.3)	2.2
Share-based compensation expense	6.4	15.5
Acquisition accounting impact on cost of sales		1.8
Deferred income taxes		(30.6)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Reclassification of restricted cash to cash and cash equivalents		79.2
Trade and notes receivable	34.1	53
Inventories and other current assets	(78.6)	(0.8)
Accounts and drafts payable	(6.6)	24.4
Accrued advertising	(15.7)	(0.2)
Other accrued liabilities	0.6	8.6
Other long-term assets and liabilities	(8.8)	(30)
Net cash provided by operating activities	173	261.8
Cash flows from investing activities:
Payments for property and equipment	(5.6)	(29.4)
Proceeds from refranchisings, disposition of assets and restaurant closures	7.2	4.5
Return of investment on direct financing leases	4.1	4
Settlement of derivatives, net	(1.1)	52.1
Other investing activities, net	2.2	1.5
Net cash provided by (used for) investing activities	6.8	32.7
Cash flows from financing activities:
Repayments of term debt, Tim Hortons Notes and capital leases	(17.2)	(1,020.6)
Distributions on partnership units	(128.3)
Capital contribution from RBI Inc.	6.5	2.1
Other financing activities, net	3.1	1.4
Net cash provided by (used for) financing activities	(135.9)	(1,017.1)
Effect of exchange rates on cash and cash equivalents	13.9	(59)
Increase (decrease) in cash and cash equivalents	57.8	(781.6)
Cash and cash equivalents at beginning of period	753.7	1,803.2
Cash and cash equivalents at end of period	811.5	1,021.6
Supplemental cashflow disclosures:
Interest paid	82.4	88.5
Income taxes paid	47.6	42.9
Non-cash investing and financing activities:
Acquisition of property with capital lease obligations	$ 5.4	$ 4.5

Description of Business and Org

Description of Business and Organization	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Description of Business and Organization	Note 1. Description of Business and Organization Description of Business 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. Pursuant to Rule 12g-3(a) under the Securities Exchange Act of 1934, as amended, Partnership is a successor issuer to Burger King Worldwide, Inc. Partnership is the indirect parent of The TDL Group Corp. (f/k/a Tim Hortons ULC and Tim Hortons Inc.), a limited company existing under the laws of British Columbia that franchises and operates quick service restaurants serving premium coffee and other beverage and food products under the Tim Hortons ® Burger King ® We are a limited partnership organized under the laws of Ontario, Canada and a subsidiary of Restaurant Brands International Inc. (“RBI”). RBI is our sole general partner. As our general partner, 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. There is no board of directors of Partnership. RBI has established a conflicts committee composed entirely of “independent directors” (as such term is defined in the partnership agreement) in order to consent to, approve or direct various enumerated actions on behalf of RBI (in its capacity as our general partner) in accordance with the terms of the partnership agreement. The following table outlines our restaurant count and activity, by brand and consolidated, for the periods indicated. Tim Hortons Burger King System Wide Total restaurants – December 31, 2015 4,413 15,003 19,416 Openings 32 158 190 Closures (7 ) (153 ) (160 ) Total restaurants – March 31, 2016 4,438 15,008 19,446 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.

Basis of Presentation and Conso

Basis of Presentation and Consolidation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Consolidation	Note 2. Basis of Presentation and Consolidation We have prepared the accompanying unaudited condensed consolidated financial statements (“Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (“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 26, 2016. The Financial Statements include our accounts and the accounts of our wholly-owned subsidiaries. We consolidate 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 most significant variable interests are in entities that operate restaurants under our subsidiaries’ franchise arrangements and certain equity method investees that operate as master franchisees. Our maximum exposure to loss resulting from involvement with potential VIEs is attributable to trade and notes receivable balances, outstanding loan guarantees and future lease payments, where applicable. We do not have any ownership interests in our franchisees’ businesses, except for investments in various entities that are accounted for under the equity method. 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. In these arrangements, Tim Hortons has the ability to determine which operators manage the restaurants and for what duration. Tim Hortons previously also entered into interest-free financing in connection with a Franchise Incentive Program (“FIP”) with certain U.S. restaurant owners whereby restaurant owners finance the initial franchise fee and purchase of restaurant assets. In both operator and FIP arrangements (“FIP Notes”), 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”). Additionally, Tim Hortons participates in advertising funds which, on behalf of Tim Hortons Company and franchise restaurants, collect contributions and administer funds for advertising and promotional programs. Tim Hortons is the sole shareholder (Canada) and sole member (U.S.) in these funds, and is the primary beneficiary of these funds (the “Advertising VIEs”). As Burger King 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. 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 do not necessarily indicate the results that may be expected for any other interim period or for the full year. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in our Financial Statements and notes (“Notes”) to the Financial Statements. Management adjusts such estimates and assumptions when facts and circumstances dictate. Such estimates and assumptions may be affected by volatile credit, equity, foreign currency, energy markets and declines in consumer spending. As future events and their effects cannot be determined with precision, actual results could differ significantly 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.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	Note 3. New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update that amended accounting guidance on revenue recognition. Under this guidance, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity should disclose sufficient information to enable users of financial statements to understand the nature, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued an accounting standards update which deferred the effective date for adoption of the new revenue standard by one year. In March 2016, the FASB issued an accounting standards update that clarifies the implementation guidance on principal versus agent considerations on revenue recognition. In April 2016, the FASB issued an accounting standards update that clarifies the implementation guidance on performance obligations and licensing on revenue recognition. This standard will be effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption of the accounting standard is allowed as of the original effective date, which is for fiscal years, and interim periods within those years, beginning after December 15, 2016. The accounting standards update permits the use of either the retrospective or cumulative effect transition method. We are evaluating the impact of this accounting standards update on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the accounting standards update on our ongoing financial reporting. In February 2016, the FASB issued an accounting standards update which sets out the principles for the recognition, measurement, presentation and disclosure of leases applicable to both lessors and lessees. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the impact that the adoption of this accounting standards update will have on our financial statements, but we expect this new guidance will have a material impact on our consolidated financial statements since the Company has a significant number of operating and capital lease arrangements for which it is the lessee and others for which it is the lessor. In March 2016, the FASB issued an accounting standards update that clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument under existing accounting guidance does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. Amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The amendments can be applied either prospectively or retrospectively on a modified basis. We do not expect the adoption of this new guidance to have a material impact on our consolidated financial statements. In March 2016, the FASB issued an accounting standards update which eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. Amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early adoption is permitted. We do not expect the adoption of this new guidance to have a material impact on our consolidated financial statements. In March 2016, the FASB issued an accounting standards update which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. We expect this new guidance to have an impact on our consolidated financial statements since the Company has share-based compensation arrangements. We are currently evaluating the impact that the adoption of this accounting standards update will have on our financial statements.

Earnings (Loss) Per Unit

Earnings (Loss) Per Unit	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings (Loss) Per Unit	Note 4. Earnings (Loss) Per Unit As a result of the reorganization of Burger King Worldwide into Partnership following the Transactions, 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 Partnership’s Class A common units (“Class A common units”) is entitled to receive distributions from Partnership in an amount per unit equal to the aggregate dividends payable by RBI to holders of RBI common shares, and the holders of Class B exchangeable limited partnership units of Partnership (“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 unitholders 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. During the three months ended March 31, 2016, net income (loss) allocated to Partnership exchangeable units was calculated as 50.0% of net income (loss) attributable to common unitholders. Since December 12, 2015, the one year anniversary of the effective date of the Transactions, the holders of Partnership exchangeable units each have the right to require Partnership to exchange all or any portion of such holder’s Partnership exchangeable units on a one-for-one basis for RBI common shares, subject to RBI’s right as the general partner of Partnership, at RBI’s sole discretion, to deliver a cash payment in lieu of RBI common shares. The allocation of net income attributable to common unitholders between Class A common units and Partnership exchangeable units is affected by the exchange of Partnership exchangeable units. Since all stock options were issued by RBI, there are no dilutive securities for Partnership as the exercise of stock options 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 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 March 31, 2016 2015 Numerator - Basic and Diluted: Net income (loss) attributable to common unitholders $ 99.9 $ (19.1 ) Allocation of net income (loss) among partner interests: Net income (loss) allocated to Class A common unitholders $ 50.0 $ (8.2 ) Net income (loss) allocated to Partnership exchangeable unitholders 49.9 (10.9 ) Net income (loss) attributable to common unitholders $ 99.9 $ (19.1 ) Denominator - Basic and Diluted partnership units: Weighted average Class A common units 202.0 202.0 Weighted average Partnership exchangeable units 229.8 265.0 Total weighted average basic and diluted units outstanding 431.8 467.0 Earnings (loss) per unit - basic: Class A common units $ 0.25 $ (0.04 ) Partnership exchangeable units $ 0.22 $ (0.04 ) Earnings (loss) per unit - diluted: Class A common units $ 0.25 $ (0.04 ) Partnership exchangeable units $ 0.22 $ (0.04 )

Inventories and Other Current A

Inventories and Other Current Assets, net	3 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Inventories and Other Current Assets, net	Note 5. Inventories and Other Current Assets, net Inventories and other current assets, net consist of the following (in millions): As of March 31, December 31, 2016 2015 Raw materials $ 27.0 $ 22.7 Finished goods 61.8 58.6 Total inventory 88.8 81.3 Refundable and prepaid income taxes 109.2 21.5 Prepaid rent 4.2 10.6 Prepaids and other current assets 27.2 18.8 Inventories and other current assets, net $ 229.4 $ 132.2

Intangible Assets, net and Good

Intangible Assets, net and Goodwill	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net and Goodwill	Note 6. Intangible Assets, net and Goodwill Intangible assets, net and goodwill consist of the following (in millions): As of March 31, 2016 December 31, 2015 Gross Accumulated Net Gross Accumulated Net Identifiable assets subject to amortization: Franchise agreements $ 669.4 $ (115.5 ) $ 553.9 $ 653.0 $ (106.8 ) $ 546.2 Favorable leases 449.0 (120.9 ) 328.1 436.5 (107.5 ) 329.0 Subtotal 1,118.4 (236.4 ) 882.0 1,089.5 (214.3 ) 875.2 Indefinite lived intangible assets: Tim Hortons $ 6,531.4 $ — $ 6,531.4 $ 6,175.4 $ — $ 6,175.4 Burger King 2,126.1 — 2,126.1 2,097.2 — 2,097.2 Subtotal 8,657.5 — 8,657.5 8,272.6 — 8,272.6 Intangible assets, net $ 9,539.5 $ 9,147.8 Goodwill $ 4,797.7 $ 4,574.4 We recorded amortization expense on intangible assets of $18.3 million for the three months ended March 31, 2016 and $19.5 million for the same period in the prior year. The change in the brands and goodwill balances during the three months ended March 31, 2016 was due to the impact of foreign currency translation.

Other Assets, net

Other Assets, net	3 Months Ended
	Mar. 31, 2016
Investments, All Other Investments [Abstract]
Other Assets, net	Note 7. Other Assets, net Other assets, net consist of the following (in millions): As of March 31, December 31, 2016 2015 Derivative assets - noncurrent $ 616.6 $ 830.9 Equity method investments 159.6 139.0 Other assets 101.2 83.5 Other assets, net $ 877.4 $ 1,053.4

Equity Method Investments

Equity Method Investments	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Note 8. Equity Method Investments The aggregate carrying amount of our equity method investments was $159.6 million as of March 31, 2016 and $139.0 million as of December 31, 2015 and is included as a component of other assets, net in our condensed consolidated balance sheets. Below are the names of the entities, country of operation and our equity interest in our significant equity method investments based on the carrying value as of March 31, 2016. Entity Country Equity TIMWEN Partnership Canada 50.00 % Carrols Restaurant Group, Inc. United States 21.35 % Pangaea Foods (China) Holdings, Ltd. China 27.50 % 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. During the three months ended March 31, 2016, TH received $2.5 million in cash distributions and recognized $4.4 million of contingent rent expense associated with this joint venture. The aggregate market value of our equity interest in Carrols Restaurant Group, Inc., based on the quoted market price on March 31, 2016, is approximately $135.9 million. No quoted market prices are available for our remaining equity method investments. With respect to our BK operations, most of the entities in which we have an equity interest own or franchise BK restaurants. Franchise and property revenue we 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 March 31, 2016 2015 Revenues from affiliates: Franchise royalties $ 27.7 $ 20.4 Property revenues 6.6 7.0 Franchise fees and other revenue 3.6 1.2 Total $ 37.9 $ 28.6 At March 31, 2016 and December 31, 2015, we had $16.7 million and $23.9 million, respectively, of accounts receivable from our equity method investments which were recorded in trade and notes receivable, net in our condensed consolidated balance sheets. (Income) loss from equity method investments reflects our share of investee net income or loss. During the three months ended March 31, 2016, we recorded an $11.6 million increase to the carrying value of our investment balance and a noncash dilution gain included in (income) loss from equity method investments on the issuance of capital stock by Burger King France SAS (“France JV”), one of our equity method investees. This issuance of capital stock reduced our ownership interest in the France JV. The dilution gain reflects an adjustment to the difference between the amount of our underlying equity in the net assets of the France JV before and after the issuance of capital stock. Similarly, during the three months ended March 31, 2015, we recorded a $10.9 million increase to the carrying value of our investment balance and a noncash dilution gain included in (income) loss from equity method investments on the issuance of capital stock by BK Brasil Operacao E Assesoria A Restaurantes S.A. (“Brazil JV”), one of our equity method investees. This issuance of capital stock reduced our ownership interest in the Brazil JV. The dilution gain reflects an adjustment to the difference between the amount of our underlying equity in the net assets of the Brazil JV before and after the issuance of capital stock.

Other Accrued Liabilities and O

Other Accrued Liabilities and Other Liabilities, net	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Accrued Liabilities and Other Liabilities, net	Note 9. Other Accrued Liabilities and Other Liabilities, net Other accrued liabilities (current) and other liabilities, net (noncurrent) consist of the following (in millions): As of March 31, December 31, 2016 2015 Current: Dividend payable $ 131.9 $ 128.3 Interest payable 82.9 63.1 Accrued compensation and benefits 24.6 61.6 Taxes payable - current 102.6 46.9 Deferred income - current 29.4 33.5 Closed property reserve 13.4 14.0 Restructuring and other provisions 11.7 13.5 Derivatives liabilities - current 6.3 — Other 73.8 77.4 Other accrued liabilities $ 476.6 $ 438.3 Noncurrent: Unfavorable leases $ 318.9 $ 322.0 Taxes payable - noncurrent 250.3 236.7 Accrued pension 80.0 80.2 Derivatives liabilities - noncurrent 157.0 47.3 Lease liability - noncurrent 28.9 29.5 Deferred income - noncurrent 26.3 23.7 Other 57.1 56.5 Other liabilities, net $ 918.5 $ 795.9

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Note 10. Long-Term Debt Long-term debt consists of the following (in millions): Maturity dates As of March 31, December 31, Term Loan Facility December 12, 2021 $ 5,084.8 $ 5,097.7 2015 Senior Notes January 15, 2022 1,250.0 1,250.0 2014 Senior Notes April 1, 2022 2,250.0 2,250.0 Tim Hortons Notes various 42.0 39.4 Other N/A 93.2 88.5 Less: unamortized discount and deferred financing costs (215.1 ) (224.3 ) Total debt, net 8,504.9 8,501.3 Less: current maturities of debt (39.3 ) (39.0 ) Total long-term debt $ 8,465.6 $ 8,462.3 As of March 31, 2016 and December 31, 2015, unamortized discount included $41.3 million and $43.2 million, respectively, related to our secured term loans (the “Term Loan Facility”) under our credit agreement dated May 22, 2015 (the “2015 Amended Credit Agreement”). As of March 31, 2016, deferred financing costs included $125.7 million related to the Term Loan Facility, $8.6 million related to our first lien senior secured notes (the “2015 Senior Notes”) and $39.5 million related to our second lien senior secured notes (the “2014 Senior Notes”). As of December 31, 2015, deferred financing costs included $131.3 million related to the Term Loan Facility, $9.0 million related to the 2015 Senior Notes and $40.8 million related to the 2014 Senior Notes. Deferred financing costs are amortized over the term of the debt into interest expense using the effective interest method. The amortization of deferred financing costs included in interest expense, net was $7.8 million for the three months ended March 31, 2016 and $4.8 million for the three months ended March 31, 2015. Revolving Credit Facility As of March 31, 2016, we had no amounts outstanding under the revolving credit facility available under the 2015 Amended Credit Agreement (the “Revolving Credit Facility”). Funds available under the Revolving Credit Facility may be used to repay other debt, finance debt or share repurchases, to fund acquisitions or capital expenditures and for other general corporate purposes. We have a $125.0 million letter of credit sublimit as part of the Revolving Credit Facility, which reduces our borrowing availability under this facility by the cumulative amount of outstanding letters of credit. As of March 31, 2016, we had $4.2 million of letters of credit issued against the Revolving Credit Facility and our borrowing availability was $495.8 million. Interest Expense, net Interest expense, net consists of the following (in millions): Three Months Ended March 31, 2016 2015 Term Loan Facility $ 51.8 $ 75.8 2015 Senior Notes 14.5 — 2014 Senior Notes 33.7 33.8 Tim Hortons Notes 0.4 1.9 Amortization of deferred financing costs and debt issuance discount 9.7 7.0 Capital lease obligations 4.8 5.1 Other 0.8 0.9 Interest income (0.6 ) (1.4 ) Interest expense, net $ 115.1 $ 123.1

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes Our effective tax rate was 21.9% for the three months ended March 31, 2016. The effective tax rate during this period was primarily a result of the mix of income from multiple tax jurisdictions, partially offset by the favorable impact from intercompany financing. Our effective tax rate was 50.0% for the three months ended March 31, 2015. The effective tax rate during this period was primarily due to the revaluation of certain monetary assets and liabilities as a result of changes in foreign currency exchange rates which had an unfavorable impact of approximately 19%. To a lesser extent the rate for the quarter was unfavorably impacted by certain non-deductible transactions costs. The remainder of the effective rate is primarily based on the mix of income from multiple tax jurisdictions.

Equity

Equity	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Equity	Note 12. Equity Pursuant to the terms of the partnership agreement, RBI, as the holder of all 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 Partnership exchangeable units are entitled to receive distributions from Partnership in an amount per unit equal to the dividend payable by RBI on each RBI common share. Additionally, if RBI proposes to redeem, repurchase or otherwise acquire any RBI common shares, the partnership agreement requires that Partnership, immediately prior to such redemption, repurchase or acquisition, make a distribution to RBI on the Class A common units in an amount sufficient for RBI to fund such redemption, repurchase or acquisition, as the case may be. Each holder of a Partnership exchangeable unit is entitled to vote in respect of matters on which holders of RBI common shares are entitled to vote through one special voting share of RBI. Since December 12, 2015, the one year anniversary of the effective date of the Transactions, each holder of a Partnership exchangeable unit may require Partnership to exchange all or any portion of such holder’s Partnership exchangeable units for RBI common shares at a ratio of one common share for each Partnership exchangeable unit, subject to RBI’s right as the general partner of Partnership, in its sole discretion, to deliver a cash payment in lieu of RBI common shares. If RBI elects to make a cash payment in lieu of issuing common shares, the amount of the payment will be the weighted average trading price of the RBI common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date. During the three months ended March 31, 2016, Partnership received exchange notices representing 6,374,002 Partnership exchangeable units. Pursuant to 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 exchanges represented increases in RBI’s ownership interest in Partnership and were accounted for as equity transactions, with no gain or loss recorded in the condensed consolidated statement of operations. Pursuant to the terms of the partnership agreement, upon the exchange of Partnership exchangeable units, each such Partnership exchangeable unit is automatically deemed cancelled concurrently with such exchange. Noncontrolling Interests The noncontrolling interest recognized in connection with the Restaurant VIEs of Tim Hortons was $4.5 million and $0.7 million at March 31, 2016 and December 31, 2015, respectively. We adjust net income (loss) in our condensed consolidated statements of operations to exclude the noncontrolling interests’ proportionate share of results of operations. Also, we present the proportionate share of equity attributable to the noncontrolling interests as a separate component of equity within our condensed consolidated balance sheets. Distributions Declared Distributions declared on Class A common units were $32.5 million during the three months ended March 31, 2016. Distributions declared on Partnership exchangeable units were $31.9 million during the three months ended March 31, 2016. As described above, following the Transactions, the partnership agreement requires Partnership to make distributions to RBI as the holder of all of the Class A common units in an amount equal to the aggregate dividends payable by RBI to holders of RBI common shares. Additionally, the partnership agreement requires Partnership to make distributions to holders of Partnership exchangeable units in an amount per unit equal to the dividend payable by RBI on each RBI common share. The terms of the Class A 9.0% cumulative compounding perpetual voting preferred shares of RBI (the “Preferred Shares”) and the 2015 Amended Credit Agreement, 2015 Senior Notes Indenture, 2014 Senior Notes Indenture and applicable Canadian law limit RBI’s ability to pay cash dividends in certain circumstances. Accumulated Other Comprehensive Income (Loss) The following table displays the change in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions): Derivatives Pensions Foreign Currency AOCI Balances at December 31, 2015 $ 637.0 $ (24.7 ) $ (2,080.1 ) $ (1,467.8 ) Foreign currency translation adjustment — — 649.4 649.4 Net change in fair value of derivatives, net of tax (283.0 ) — — (283.0 ) Amounts reclassified to earnings of cash flow hedges, net of tax (0.1 ) — — (0.1 ) Pension and post-retirement benefit plans, net of tax — — — — Amortization of prior service (credits) costs, net of tax — (0.4 ) — (0.4 ) Amortization of actuarial (gains) losses, net of tax — 0.1 — 0.1 Balances at March 31, 2016 $ 353.9 $ (25.0 ) $ (1,430.7 ) $ (1,101.8 ) The following table displays the reclassifications out of AOCI (in millions): Amounts Reclassified from AOCI Affected Line Item in the Statements of Operations Three Months Ended Details about AOCI Components 2016 2015 Gains (losses) on cash flow hedges: Interest rate derivative contracts Interest expense, net $ (3.5 ) $ — Interest rate derivative contracts Other operating expenses (income), net — (4.9 ) Forward-currency contracts Cost of sales 3.6 2.8 Total before tax 0.1 (2.1 ) Income tax (expense) benefit — 0.6 Net of tax $ 0.1 $ (1.5 ) Defined benefit pension: Amortization of prior service credits (costs) SG&A (a) 0.7 0.7 Amortization of actuarial gains (losses) SG&A (a) (0.1 ) (0.7 ) Total before tax 0.6 — Income tax (expense) benefit (0.3 ) — Net of tax $ 0.3 $ — Total reclassifications Net of tax $ 0.4 $ (1.5 ) (a) Refers to selling, general and administrative expenses in the condensed consolidated statements of operations.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 13. Fair Value Measurements The following table presents our assets and liabilities measured at fair value on a recurring basis and the levels of inputs used to measure fair value, which include derivatives designated as cash flow hedging instruments and derivatives designated as net investment hedges as well as their location on our condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 (in millions): Fair Value Measurements Fair Value Measurements at March 31, 2016 at December 31, 2015 Balance Sheet Location (Level 2) Total (Level 2) Total Assets: Derivatives designated as cash flow hedges Foreign currency Trade and notes receivable, net $ — $ — $ 6.6 $ 6.6 Derivatives designated as net investment hedges Foreign currency Other assets, net 616.6 616.6 830.9 830.9 Total assets at fair value $ 616.6 $ 616.6 $ 837.5 $ 837.5 Liabilities: Derivatives designated as cash flow hedges Interest rate Other liabilities, net $ 91.6 $ 91.6 $ 40.9 $ 40.9 Foreign currency Other accrued liabilities 6.3 6.3 — — Derivatives designated as net investment hedges Foreign currency Other liabilities, net 65.4 65.4 6.3 6.3 Total liabilities at fair value $ 163.3 $ 163.3 $ 47.2 $ 47.2 Our derivatives are valued using a discounted cash flow analysis that incorporates observable market parameters, such as interest rate yield curves and currency rates, classified as Level 2 within the valuation hierarchy. Derivative valuations incorporate credit risk adjustments that are necessary to reflect the probability of default by us or the counterparty. At March 31, 2016 and December 31, 2015, the fair value of our variable rate term debt and bonds was estimated at $8.7 billion, compared to a principal carrying amount of $8.6 billion. The fair value of our variable rate term debt and bonds was estimated using inputs based on bid and offer prices and are Level 2 inputs within the fair value hierarchy. Certain nonfinancial assets and liabilities are measured at fair value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis but are subject to periodic impairment tests. These items primarily include long-lived assets, goodwill, the Tim Hortons Burger King

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 14. 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 exposure to fluctuations in interest rates and currency exchange rates. See Note 13 for fair value measurements of our derivative instruments. Interest Rate Swaps – Outstanding as of March 31, 2016 During May 2015, we entered into a series of receive-variable, pay-fixed interest rate swaps to hedge the variability in the interest payments on $2,500.0 million of our Term Loan Facility beginning May 28, 2015, through the expiration of the final swap on March 31, 2021. The notional value of the swaps is $2,500.0 million. There are six sequential interest rate swaps to achieve the hedged position. Each year on March 31, the existing interest rate swap is scheduled to expire and be immediately replaced with a new interest rate swap until the expiration of the final swap on March 31, 2021. At inception, these interest rate swaps were designated as a cash flow hedge for hedge accounting, and as such, the effective portion of unrealized changes in market value are recorded in AOCI and reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings. Interest Rate Swaps – Settled During 2015 The following derivative instruments were settled during May 2015. During November 2014, we entered into a series of receive-variable, pay-fixed interest rate swaps to hedge the variability in the interest payments associated with our Term Loan Facility beginning April 1, 2015, through the expiration of the final swap on March 31, 2021. The initial notional value of the swaps was $6,733.1 million, which initially aligned with the outstanding principal balance of the Term Loan Facility as of April 1, 2015, and was to be reduced quarterly in accordance with the principal repayments of the Term Loan Facility. There were six sequential interest rate swaps to achieve the hedged position. Each year on March 31, the existing interest rate swap was scheduled to expire and be immediately replaced with a new interest rate swap until the expiration of the arrangement on March 31, 2021. At inception, these interest rate swaps were designated as a cash flow hedge for hedge accounting, and as such, the effective portion of unrealized changes in market value were recorded in AOCI and reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Gains and losses from hedge ineffectiveness were recognized in earnings. During the first quarter of 2015, we temporarily discontinued hedge accounting on the entire balance of these interest rate swaps as a result of a $42.7 million mandatory prepayment of our Term Loan Facility as well as changes to forecasted cash flows, and settled $42.7 million of these instruments equal to the amount of the mandatory prepayment of our Term Loan Facility. During this same period, of the remaining $6,690.4 million of notional outstanding, we re-designated $5,690.4 million of notional amount as a cash flow hedge for hedge accounting and $1,000.0 million of notional amount was not designated for hedge accounting and as such changes in fair value on this portion of the interest rate swaps were recognized in earnings. During April 2015, in order to offset the cash flows associated with our $1,000.0 million notional value receive-variable, pay-fixed interest rate swap that was not designated for hedge accounting, we entered into a pay-variable, receive-fixed mirror interest rate swap with a notional value of $1,000.0 million and a maturity date of March 31, 2021. The following derivative instruments were also settled during May 2015. During October 2014, we entered into a series of receive-variable, pay-fixed interest rate swaps with a combined initial notional value of $6,750.0 million that was amortized each quarter at the same rate of the Term Loan Facility. To offset the cash flows associated with these interest rate swaps, in November 2014 we entered into a series of receive-fixed, pay-variable mirror interest rate swaps with a combined initial notional value of $6,750.0 million that was amortized each quarter at the same rate of the Term Loan Facility. For all of these derivative instruments, each year on March 31, the existing interest rate swap was scheduled to expire and be immediately replaced with a new interest rate swap until the expiration of the arrangement on March 31, 2021. These interest rate swaps were not designated for hedge accounting and as such changes in fair value were recognized in earnings. In connection with the interest rate swaps settled during May 2015, we paid $36.2 million. The net unrealized loss remaining in AOCI totaled $84.6 million at the date of settlement and is being reclassified into interest expense, net as the original hedged forecasted transaction affects earnings. The amount of pre-tax losses in AOCI as of March 31, 2016 that we expect to be reclassified into interest expense within the next 12 months is $12.6 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 may, from time to time, hedge a portion of our net investment in one or more of our foreign subsidiaries by using cross-currency rate swaps. We have designated cross-currency rate swap contracts between the Canadian dollar and U.S. dollar and the Euro and U.S. dollar 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 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 March 31, 2016, we had outstanding cross-currency rate swaps in which we pay quarterly between 4.802% and 7.002% on a tiered payment structure per annum on the Canadian dollar notional amount of C$5,641.7 million and receive quarterly between 3.948% and 6.525% on a tiered payment structure per annum on the U.S. dollar notional amount of $5,000.0 million through the maturity date of March 31, 2021. At inception, these derivative instruments were not designated for hedge accounting and, as such, changes in fair value were initially recognized in earnings. Beginning with the closing of the Transactions on December 12, 2014, we designated these cross-currency rate swaps as hedges and began accounting for these derivative instruments as net investment hedges. At March 31, 2016, we also had outstanding a cross-currency rate swap in which we pay quarterly fixed-rate interest payments on the Euro notional amount of €1,107.8 million and receive quarterly fixed-rate interest payments on the U.S. dollar notional amount of $1,200.0 million through the maturity date of March 31, 2021. At inception, this cross-currency rate swap was designated as a hedge and is accounted for as a net investment hedge. During the three months ended March 31, 2015, we terminated our cross-currency rate swaps entered into prior to the Transactions with an aggregate notional value of $315.0 million. In connection with this termination, we received $52.1 million, which is reflected as a source of cash provided by investing activities in the condensed consolidated statement of cash flows for the three months ended March 31, 2015. The net unrealized gains totaled $31.8 million as of the termination date. Such amounts will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. At inception, these cross-currency rate swaps were designated as a hedge and were accounted for as net investment hedges. A total notional value of $115.0 million of these swaps were contracts to exchange quarterly fixed-rate interest payments we make in Euros for quarterly fixed-rate interest payments we receive in U.S. dollars and had an original maturity of October 19, 2016. A total notional value of $200.0 million of these swaps were contracts to exchange quarterly floating-rate interest payments we make in Euros based on EURIBOR for quarterly floating-rate interest payments we receive in U.S. dollars based on LIBOR and had an original maturity of September 28, 2017. These cross-currency rate swaps also required the exchange of Euros and U.S. dollar principal payments upon maturity. 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 made by our Canadian Tim Hortons operations. At March 31, 2016, 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 $174.6 million with maturities to June 2017. We have designated these instruments as cash flow hedges, and as such, the effective portion of unrealized changes in market value are recorded in AOCI and are reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings. Credit Risk By entering into derivative instrument 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. The following tables present the required quantitative disclosures for our derivative instruments (in millions): Gain (Loss) Recognized in Other Three Months Ended March 31, 2016 2015 Derivatives designated as cash flow hedges: Forward-starting interest rate swaps $ (51.0 ) $ (83.0 ) Forward-currency contracts $ (9.1 ) $ 9.7 Derivatives designated as net investment hedges: Cross-currency rate swaps $ (274.1 ) $ 454.3 Classification on Condensed Consolidated Statements of Operations Gain (Loss) Reclassified from AOCI Three Months Ended March 31, 2016 2015 Interest expense, net $ (3.5 ) $ — Other operating expenses (income), net $ — $ (4.9 ) Cost of sales $ 3.6 $ 2.8 Gain (Loss) Recognized in Other Three Months Ended March 31, 2016 2015 Derivatives not designated as hedging instruments: Interest rate swaps $ — $ (8.5 ) Forward-currency contracts $ — $ 2.1 Ineffectiveness of cash flow hedges: Interest rate swaps $ — $ (1.6 )

Franchise and Property Revenues

Franchise and Property Revenues	3 Months Ended
	Mar. 31, 2016
Other Industries [Abstract]
Franchise and Property Revenues	Note 15. Franchise and Property Revenues Franchise and property revenues consist of the following (in millions): Three Months Ended March 31, 2016 2015 Franchise royalties $ 227.8 $ 215.8 Property revenues 171.3 178.5 Franchise fees and other revenue 28.9 39.5 Franchise and property revenues $ 428.0 $ 433.8

Other Operating Expenses (Incom

Other Operating Expenses (Income), net	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
Other Operating Expenses (Income), net	Note 16. Other Operating Expenses (Income), net Other operating expenses (income), net consist of the following (in millions): Three Months Ended March 31, 2016 2015 Net losses (gains) on disposal of assets, restaurant closures and refranchisings $ 15.3 $ 0.5 Litigation settlements and reserves, net 0.7 1.6 Net losses (gains) on derivatives — 12.9 Net losses (gains) on foreign exchange 24.1 22.5 Other, net 0.7 0.1 Other operating expenses (income), net $ 40.8 $ 37.6 Net losses (gains) on disposal of assets, restaurant closures and refranchisings for the three months ended March 31, 2016 primarily reflects losses in connection with sales of Company restaurants, or “refranchisings” in our TH business. Net losses (gains) on derivatives for the three months ended March 31, 2015 is primarily due to changes in fair value related to interest rate swaps not designated for hedge accounting. These interest rate swaps were settled during May 2015. Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Note 17. Variable Interest Entities VIEs for Which We Are the Primary Beneficiary At March 31, 2016, December 31, 2015 and March 31, 2015, we consolidated 119, 141 and 258 Restaurant VIEs, respectively, where TH is the restaurants’ primary beneficiary and Advertising VIEs. During the three months ended March 31, 2016, sales and operating costs and expenses associated with Restaurant VIEs were $32.5 million and $31.4 million, respectively, prior to consolidation adjustments. During the three months ended March 31, 2015, sales and operating costs and expenses associated with Restaurant VIEs were $61.6 million and $60.4 million, respectively, prior to consolidation adjustments. The liabilities recognized as a result of consolidating these VIEs do not necessarily represent additional claims on our general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Conversely, assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims by our creditors as they are not legally included within our general assets. VIEs for Which We Are Not the Primary Beneficiary We have investments in certain TH real estate ventures and certain BK master franchisees, which were determined to be VIEs of which we are not the primary beneficiary. We do not consolidate these entities as control is considered to be shared by both TH and the other joint owners in the case of the TH real estate ventures, or control rests with other parties in the case of BK master franchisee VIEs.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Reporting	Note 18. Segment Reporting Under the Tim Hortons Burger King We have two operating segments: (1) TH, which includes all operations of our Tim Hortons Burger King Revenues by operating segment consist of the following (in millions): Three Months Ended March 31, 2016 2015 Revenues: TH $ 657.8 $ 683.7 BK 260.7 249.6 Total revenues $ 918.5 $ 933.3 Total revenues in Canada were $581.2 million during the three months ended March 31, 2016, and $604.6 million during the three months ended March 31, 2015. Total revenues outside of Canada were $337.3 million during the three months ended March 31, 2016, and $328.7 million during the three months ended March 31, 2015. Total revenues in the United States were $229.5 million during the three months ended March 31, 2016, and $231.8 million during the three months ended March 31, 2015. 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, (gain) loss on early extinguishment of debt, taxes, depreciation and amortization, adjusted to exclude the impact of share-based compensation and non-cash incentive compensation expense, other operating expenses (income), net, (income) loss from equity method investments, net of cash distributions received from equity method investments, and all other specifically identified items that management believes do not directly reflect our core operations. Adjusted EBITDA assists management in comparing segment performance by removing the impact of such items, including acquisition accounting impact on cost of sales, TH transaction and restructuring costs and integration costs. A reconciliation of segment income to net income consists of the following (in millions): Three Months Ended March 31, 2016 2015 Segment Income: TH $ 227.8 $ 184.4 BK 180.0 170.7 Adjusted EBITDA 407.8 355.1 Share-based compensation and non-cash incentive compensation expense 7.9 13.9 Acquisition accounting impact on cost of sales — 1.8 TH transaction and restructuring costs — 28.0 Integration costs 2.2 — Impact of equity method investments (a) (15.7 ) 0.9 Other operating expenses (income), net 40.8 37.6 EBITDA 372.6 272.9 Depreciation and amortization 42.0 48.8 Income from operations 330.6 224.1 Interest expense, net 115.1 123.1 (Gain) loss on early extinguishment of debt — (0.3 ) Income tax expense 47.2 50.7 Net income $ 168.3 $ 50.6 (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.

Supplemental Financial Informat

Supplemental Financial Information	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Information	Note 19. Supplemental Financial Information On May 22, 2015, 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 the 2015 Amended Credit Agreement. On May 22, 2015, the Issuers entered into an indenture (the “2015 Senior Notes Indenture”) with respect to the 2015 Senior Notes. On October 8, 2014, the Issuers entered into an indenture (the “2014 Senior Notes Indenture”) with respect to the 2014 Senior Notes. The 2015 Amended Credit Agreement, the 2015 Senior Notes Indenture and the 2014 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) As of March 31, 2016 Consolidated RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 811.5 $ — $ — $ 811.5 Trade and notes receivable, net 366.1 — — 366.1 Inventories and other current assets, net 229.4 — — 229.4 Advertising fund restricted assets 50.9 — — 50.9 Total current assets 1,457.9 — — 1,457.9 Property and equipment, net 2,169.6 — — 2,169.6 Intangible assets, net 9,539.5 — — 9,539.5 Goodwill 4,797.7 — — 4,797.7 Net investment in property leased to franchisees 111.2 — — 111.2 Intercompany receivable — 131.9 (131.9 ) — Investment in subsidiaries — 6,636.1 (6,636.1 ) — Other assets, net 877.4 — — 877.4 Total assets $ 18,953.3 $ 6,768.0 $ (6,768.0 ) $ 18,953.3 LIABILITIES, REDEEMABLE PREFERRED UNITS AND EQUITY Current liabilities: Accounts and drafts payable $ 360.7 $ — $ — $ 360.7 Other accrued liabilities 344.7 131.9 — 476.6 Gift card liability 132.5 — — 132.5 Advertising fund liabilities 78.7 — — 78.7 Current portion of long term debt and capital leases 57.6 — — 57.6 Total current liabilities 974.2 131.9 — 1,106.1 Term debt, net of current portion 8,465.6 — — 8,465.6 Capital leases, net of current portion 213.6 — — 213.6 Other liabilities, net 918.5 — — 918.5 Payables to affiliates 131.9 — (131.9 ) — Deferred income taxes, net 1,613.4 — — 1,613.4 Total liabilities 12,317.2 131.9 (131.9 ) 12,317.2 Partnership preferred units — 3,297.0 — 3,297.0 Partners’ capital: Class A common units — 3,122.2 — 3,122.2 Partnerhsip exchangeable units — 1,314.2 — 1,314.2 Common shares 7,206.9 — (7,206.9 ) — Retained earnings 526.5 — (526.5 ) — Accumulated other comprehensive income (loss) (1,101.8 ) (1,101.8 ) 1,101.8 (1,101.8 ) Total Partners’ capital/shareholders’ equity 6,631.6 3,334.6 (6,631.6 ) 3,334.6 Noncontrolling interests 4.5 4.5 (4.5 ) 4.5 Total equity 6,636.1 3,339.1 (6,636.1 ) 3,339.1 Total liabilities, Partnership preferred units and equity $ 18,953.3 $ 6,768.0 $ (6,768.0 ) $ 18,953.3 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions) As of December 31, 2015 Consolidated RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 753.7 $ — $ — $ 753.7 Trade and notes receivable, net 421.7 — — 421.7 Inventories and other current assets, net 132.2 — — 132.2 Advertising fund restricted assets 57.5 — — 57.5 Total current assets 1,365.1 — — 1,365.1 Property and equipment, net 2,150.6 — — 2,150.6 Intangible assets, net 9,147.8 — — 9,147.8 Goodwill 4,574.4 — — 4,574.4 Net investment in property leased to franchisees 117.2 — — 117.2 Intercompany receivable — 128.3 (128.3 ) — Investment in subsidiaries — 6,210.1 (6,210.1 ) — Other assets, net 1,053.4 — — 1,053.4 Total assets $ 18,408.5 $ 6,338.4 $ (6,338.4 ) $ 18,408.5 LIABILITIES, REDEEMABLE PREFERRED UNITS AND EQUITY Current liabilities: Accounts and drafts payable $ 361.5 $ — $ — $ 361.5 Other accrued liabilities 310.0 128.3 — 438.3 Gift card liability 168.5 — — 168.5 Advertising fund liabilities 93.6 — — 93.6 Current portion of long term debt and capital leases 56.1 — — 56.1 Total current liabilities 989.7 128.3 — 1,118.0 Term debt, net of current portion 8,462.3 — — 8,462.3 Capital leases, net of current portion 203.4 — — 203.4 Other liabilities, net 795.9 — — 795.9 Payables to affiliates 128.3 — (128.3 ) — Deferred income taxes, net 1,618.8 — — 1,618.8 Total liabilities 12,198.4 128.3 (128.3 ) 12,198.4 Partnership preferred units — 3,297.0 — 3,297.0 Partners’ capital: Class A common units — 2,876.7 — 2,876.7 Partnerhsip exchangeable units — 1,503.5 — 1,503.5 Common shares 7,318.1 — (7,318.1 ) — Retained earnings 359.1 — (359.1 ) — Accumulated other comprehensive income (loss) (1,467.8 ) (1,467.8 ) 1,467.8 (1,467.8 ) Total Partners’ capital/shareholders’ equity 6,209.4 2,912.4 (6,209.4 ) 2,912.4 Noncontrolling interests 0.7 0.7 (0.7 ) 0.7 Total equity 6,210.1 2,913.1 (6,210.1 ) 2,913.1 Total liabilities, Partnership preferred units and equity $ 18,408.5 $ 6,338.4 $ (6,338.4 ) $ 18,408.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions) Three Months Ended March 31, 2016 Consolidated RBILP Eliminations Consolidated Revenues: Sales $ 490.5 $ — $ — $ 490.5 Franchise and property revenues 428.0 — — 428.0 Total revenues 918.5 — — 918.5 Cost of sales 388.2 — — 388.2 Franchise and property expenses 104.2 — — 104.2 Selling, general and administrative expenses 73.2 — — 73.2 (Income) loss from equity method investments (18.5 ) — — (18.5 ) Other operating expenses (income), net 40.8 — — 40.8 Total operating costs and expenses 587.9 — — 587.9 Income from operations 330.6 — — 330.6 Interest expense, net 115.1 — — 115.1 Income before income taxes 215.5 — — 215.5 Income tax expense 47.2 — — 47.2 Net income 168.3 — — 168.3 Equity in earnings of consolidated subsidiaries — 168.3 (168.3 ) — Net income 168.3 168.3 (168.3 ) 168.3 Net income attributable to noncontrolling interests 0.9 0.9 (0.9 ) 0.9 Partnership preferred unit distributions — 67.5 — 67.5 Net income (loss) attributable to common unitholders / shareholders $ 167.4 $ 99.9 $ (167.4 ) $ 99.9 Total comprehensive income (loss) $ 534.3 $ 534.3 $ (534.3 ) $ 534.3 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions) Three Months Ended March 31, 2015 Consolidated RBILP Eliminations Consolidated Revenues: Sales $ 499.5 $ — $ — $ 499.5 Franchise and property revenues 433.8 — — 433.8 Total revenues 933.3 — — 933.3 Cost of sales 433.2 — — 433.2 Franchise and property expenses 129.1 — — 129.1 Selling, general and administrative expenses 111.0 — — 111.0 (Income) loss from equity method investments (1.7 ) — — (1.7 ) Other operating expenses (income), net 37.6 — — 37.6 Total operating costs and expenses 709.2 — — 709.2 Income from operations 224.1 — — 224.1 Interest expense, net 123.1 — — 123.1 (Gain) loss on early extinguishment of debt (0.3 ) — — (0.3 ) Income before income taxes 101.3 — — 101.3 Income tax expense 50.7 — — 50.7 Net income 50.6 — — 50.6 Equity in earnings of consolidated subsidiaries — 50.6 (50.6 ) — Net income 50.6 50.6 (50.6 ) 50.6 Net income attributable to noncontrolling interests 1.0 1.0 (1.0 ) 1.0 Partnership preferred unit distributions — 68.7 — 68.7 Net income (loss) attributable to common unitholders / shareholders $ 49.6 $ (19.1 ) $ (49.6 ) $ (19.1 ) Total comprehensive income (loss) $ (707.5 ) $ (707.5 ) $ 707.5 $ (707.5 ) RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions) Three Months Ended March 31, 2016 Consolidated RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 168.3 $ 168.3 $ (168.3 ) $ 168.3 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (168.3 ) 168.3 — Depreciation and amortization 42.1 — — 42.1 Amortization of deferred financing costs and debt issuance discount 9.7 — — 9.7 (Income) loss from equity method investments (18.5 ) — — (18.5 ) Loss (gain) on remeasurement of foreign denominated transactions 28.0 — — 28.0 Amortization of defined pension and postretirement benefits (0.6 ) — — (0.6 ) Net losses (gains) on derivatives 3.5 — — 3.5 Net losses (gains) on refranchisings and dispositions of assets 9.4 — — 9.4 Bad debt expense (recoveries), net (0.3 ) — — (0.3 ) Share-based compensation expense 6.4 — — 6.4 Changes in current assets and liabilities, excluding acquisitions and dispositions: Trade and notes receivable 34.1 — — 34.1 Inventories and other current assets (78.6 ) — — (78.6 ) Accounts and drafts payable (6.6 ) — — (6.6 ) Accrued advertising (15.7 ) — — (15.7 ) Other accrued liabilities 0.6 — — 0.6 Other long-term assets and liabilities (8.8 ) — — (8.8 ) Net cash provided by operating activities 173.0 — — 173.0 Cash flows from investing activities: Payments for property and equipment (5.6 ) — — (5.6 ) Proceeds from refranchisings, disposition of assets and restaurant closures 7.2 — — 7.2 Return of investment on direct financing leases 4.1 — — 4.1 Settlement of derivatives, net (1.1 ) — — (1.1 ) Other investing activities, net 2.2 — — 2.2 Net cash provided by (used for) investing activities 6.8 — — 6.8 Cash flows from financing activities: Repayments of term debt and capital leases (17.2 ) — (17.2 ) Distributions on partnership units — (128.3 ) — (128.3 ) Capital contribution from RBI Inc. — 6.5 — 6.5 Other financing activities, net 3.1 — — 3.1 Intercompany financing (121.8 ) 121.8 — — Net cash provided by (used for) financing activities (135.9 ) — — (135.9 ) Effect of exchange rates on cash and cash equivalents 13.9 — — 13.9 Increase (decrease) in cash and cash equivalents 57.8 — — 57.8 Cash and cash equivalents at beginning of period 753.7 — — 753.7 Cash and cash equivalents at end of period $ 811.5 $ — $ — $ 811.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions) Three Months Ended March 31, 2015 Consolidated RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 50.6 $ 50.6 $ (50.6 ) $ 50.6 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (50.6 ) 50.6 — Depreciation and amortization 48.8 — — 48.8 Loss on early extinguishment of debt (0.3 ) — — (0.3 ) Amortization of deferred financing costs and debt issuance discount 7.0 — — 7.0 (Income) loss from equity method investments (1.7 ) — — (1.7 ) Loss (gain) on remeasurement of foreign denominated transactions 18.1 — — 18.1 Net losses (gains) on derivatives 15.0 — — 15.0 Net losses (gains) on refranchisings and dispositions of assets 1.2 — — 1.2 Bad debt expense (recoveries), net 2.2 — — 2.2 Share-based compensation expense 15.5 — — 15.5 Acquisition accounting impact on cost of sales 1.8 1.8 Deferred income taxes (30.6 ) — — (30.6 ) Changes in current assets and liabilities, excluding acquisitions and dispositions: Reclassification of restricted cash to cash and cash equivalents 79.2 — — 79.2 Trade and notes receivable 53.0 — — 53.0 Inventories and other current assets (0.8 ) — — (0.8 ) Accounts and drafts payable 24.4 — — 24.4 Accrued advertising (0.2 ) — — (0.2 ) Other accrued liabilities 8.6 — — 8.6 Other long-term assets and liabilities (30.0 ) — (30.0 ) Net cash provided by operating activities 261.8 — — 261.8 Cash flows from investing activities: Payments for property and equipment (29.4 ) — — (29.4 ) Proceeds from refranchisings, disposition of assets and restaurant closures 4.5 — — 4.5 Return of investment on direct financing leases 4.0 — — 4.0 Settlement of derivatives, net 52.1 — — 52.1 Other investing activities 1.5 — — 1.5 Net cash provided by (used for) investing activities 32.7 — — 32.7 Cash flows from financing activities: Repayments of term debt, Tim Hortons Notes and capital leases (1,020.6 ) — — (1,020.6 ) Capital contribution from RBI Inc. — 2.1 — 2.1 Other financing activities 1.4 — — 1.4 Intercompany financing 2.1 (2.1 ) — — Net cash provided by (used for) financing activities (1,017.1 ) — — (1,017.1 ) Effect of exchange rates on cash and cash equivalents (59.0 ) — — (59.0 ) Increase (decrease) in cash and cash equivalents (781.6 ) — — (781.6 ) Cash and cash equivalents at beginning of period 1,803.2 — — 1,803.2 Cash and cash equivalents at end of period $ 1,021.6 $ — $ — $ 1,021.6

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Event	Note 20. Subsequent Event Dividends On April 4, 2016, RBI paid a cash dividend of $0.14 per RBI common share to common shareholders of record on March 3, 2016. On such date, Partnership made a distribution to RBI as holder of all of the Class A common units in the amount of the aggregate dividends declared and paid by RBI on RBI common shares and also made a distribution in respect of each Partnership exchangeable unit in the amount of $0.14 per exchangeable unit to holders of record on March 3, 2016. On April 1, 2016, RBI paid a cash dividend of $0.98 per preferred share, for a total dividend of $67.5 million, to the holder of the preferred shares. The dividend on the preferred shares included the amount due for the first calendar quarter of 2016. Partnership made a distribution to RBI as holder of the Partnership preferred units in an equal amount on the same date. On April 27, 2016, the RBI board of directors declared a cash dividend of $0.15 per RBI common share, which will be paid on July 6, 2016 to RBI common shareholders of record on May 16, 2016. Partnership will make a distribution to RBI as holder of all of the 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 $0.15 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. On April 27, 2016, the RBI board of directors declared a cash dividend of $0.98 per preferred share, for a total dividend of $67.5 million which will be paid to the holder of the preferred shares on July 5, 2016. The dividend on the preferred shares includes the amount due for the second calendar quarter of 2016. Partnership will make a distribution to RBI as holder of the Partnership preferred units in an equal amount on the same date.

Description of Business and O30

Description of Business and Organization (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Restaurant Count for Geographic Areas	The following table outlines our restaurant count and activity, by brand and consolidated, for the periods indicated. Tim Hortons Burger King System Wide Total restaurants – December 31, 2015 4,413 15,003 19,416 Openings 32 158 190 Closures (7 ) (153 ) (160 ) Total restaurants – March 31, 2016 4,438 15,008 19,446

Earnings (Loss) Per Unit (Table

Earnings (Loss) Per Unit (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 2015 Numerator - Basic and Diluted: Net income (loss) attributable to common unitholders $ 99.9 $ (19.1 ) Allocation of net income (loss) among partner interests: Net income (loss) allocated to Class A common unitholders $ 50.0 $ (8.2 ) Net income (loss) allocated to Partnership exchangeable unitholders 49.9 (10.9 ) Net income (loss) attributable to common unitholders $ 99.9 $ (19.1 ) Denominator - Basic and Diluted partnership units: Weighted average Class A common units 202.0 202.0 Weighted average Partnership exchangeable units 229.8 265.0 Total weighted average basic and diluted units outstanding 431.8 467.0 Earnings (loss) per unit - basic: Class A common units $ 0.25 $ (0.04 ) Partnership exchangeable units $ 0.22 $ (0.04 ) Earnings (loss) per unit - diluted: Class A common units $ 0.25 $ (0.04 ) Partnership exchangeable units $ 0.22 $ (0.04 )

Inventories and Other Current32

Inventories and Other Current Assets, net (Tables)	3 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Inventories and Other Current Assets, Net	Inventories and other current assets, net consist of the following (in millions): As of March 31, December 31, 2016 2015 Raw materials $ 27.0 $ 22.7 Finished goods 61.8 58.6 Total inventory 88.8 81.3 Refundable and prepaid income taxes 109.2 21.5 Prepaid rent 4.2 10.6 Prepaids and other current assets 27.2 18.8 Inventories and other current assets, net $ 229.4 $ 132.2

Intangible Assets, net and Go33

Intangible Assets, net and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 December 31, 2015 Gross Accumulated Net Gross Accumulated Net Identifiable assets subject to amortization: Franchise agreements $ 669.4 $ (115.5 ) $ 553.9 $ 653.0 $ (106.8 ) $ 546.2 Favorable leases 449.0 (120.9 ) 328.1 436.5 (107.5 ) 329.0 Subtotal 1,118.4 (236.4 ) 882.0 1,089.5 (214.3 ) 875.2 Indefinite lived intangible assets: Tim Hortons $ 6,531.4 $ — $ 6,531.4 $ 6,175.4 $ — $ 6,175.4 Burger King 2,126.1 — 2,126.1 2,097.2 — 2,097.2 Subtotal 8,657.5 — 8,657.5 8,272.6 — 8,272.6 Intangible assets, net $ 9,539.5 $ 9,147.8 Goodwill $ 4,797.7 $ 4,574.4

Other Assets, net (Tables)

Other Assets, net (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, All Other Investments [Abstract]
Other Assets, Net	Other assets, net consist of the following (in millions): As of March 31, December 31, 2016 2015 Derivative assets - noncurrent $ 616.6 $ 830.9 Equity method investments 159.6 139.0 Other assets 101.2 83.5 Other assets, net $ 877.4 $ 1,053.4

Equity Method Investments (Tabl

Equity Method Investments (Tables)	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Summary of Equity Method Investment	Below are the names of the entities, country of operation and our equity interest in our significant equity method investments based on the carrying value as of March 31, 2016. Entity Country Equity TIMWEN Partnership Canada 50.00 % Carrols Restaurant Group, Inc. United States 21.35 % Pangaea Foods (China) Holdings, Ltd. China 27.50 %
Summary of Franchise and Property Revenue	Franchise and property revenue we 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 March 31, 2016 2015 Revenues from affiliates: Franchise royalties $ 27.7 $ 20.4 Property revenues 6.6 7.0 Franchise fees and other revenue 3.6 1.2 Total $ 37.9 $ 28.6

Other Accrued Liabilities and36

Other Accrued Liabilities and Other Liabilities, net (Tables)	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Schedule of Other Accrued Liabilities (Current) and Other Liabilities (Non-Current), Net	Other accrued liabilities (current) and other liabilities, net (noncurrent) consist of the following (in millions): As of March 31, December 31, 2016 2015 Current: Dividend payable $ 131.9 $ 128.3 Interest payable 82.9 63.1 Accrued compensation and benefits 24.6 61.6 Taxes payable - current 102.6 46.9 Deferred income - current 29.4 33.5 Closed property reserve 13.4 14.0 Restructuring and other provisions 11.7 13.5 Derivatives liabilities - current 6.3 — Other 73.8 77.4 Other accrued liabilities $ 476.6 $ 438.3 Noncurrent: Unfavorable leases $ 318.9 $ 322.0 Taxes payable - noncurrent 250.3 236.7 Accrued pension 80.0 80.2 Derivatives liabilities - noncurrent 157.0 47.3 Lease liability - noncurrent 28.9 29.5 Deferred income - noncurrent 26.3 23.7 Other 57.1 56.5 Other liabilities, net $ 918.5 $ 795.9

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consists of the following (in millions): Maturity dates As of March 31, December 31, Term Loan Facility December 12, 2021 $ 5,084.8 $ 5,097.7 2015 Senior Notes January 15, 2022 1,250.0 1,250.0 2014 Senior Notes April 1, 2022 2,250.0 2,250.0 Tim Hortons Notes various 42.0 39.4 Other N/A 93.2 88.5 Less: unamortized discount and deferred financing costs (215.1 ) (224.3 ) Total debt, net 8,504.9 8,501.3 Less: current maturities of debt (39.3 ) (39.0 ) Total long-term debt $ 8,465.6 $ 8,462.3
Schedule of Interest Expense, Net	Interest expense, net consists of the following (in millions): Three Months Ended March 31, 2016 2015 Term Loan Facility $ 51.8 $ 75.8 2015 Senior Notes 14.5 — 2014 Senior Notes 33.7 33.8 Tim Hortons Notes 0.4 1.9 Amortization of deferred financing costs and debt issuance discount 9.7 7.0 Capital lease obligations 4.8 5.1 Other 0.8 0.9 Interest income (0.6 ) (1.4 ) Interest expense, net $ 115.1 $ 123.1

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Summary of Change in the Components of Accumulated Other Comprehensive Income (Loss)	The following table displays the change in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions): Derivatives Pensions Foreign Currency AOCI Balances at December 31, 2015 $ 637.0 $ (24.7 ) $ (2,080.1 ) $ (1,467.8 ) Foreign currency translation adjustment — — 649.4 649.4 Net change in fair value of derivatives, net of tax (283.0 ) — — (283.0 ) Amounts reclassified to earnings of cash flow hedges, net of tax (0.1 ) — — (0.1 ) Pension and post-retirement benefit plans, net of tax — — — — Amortization of prior service (credits) costs, net of tax — (0.4 ) — (0.4 ) Amortization of actuarial (gains) losses, net of tax — 0.1 — 0.1 Balances at March 31, 2016 $ 353.9 $ (25.0 ) $ (1,430.7 ) $ (1,101.8 )
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	The following table displays the reclassifications out of AOCI (in millions): Amounts Reclassified from AOCI Affected Line Item in the Statements of Operations Three Months Ended Details about AOCI Components 2016 2015 Gains (losses) on cash flow hedges: Interest rate derivative contracts Interest expense, net $ (3.5 ) $ — Interest rate derivative contracts Other operating expenses (income), net — (4.9 ) Forward-currency contracts Cost of sales 3.6 2.8 Total before tax 0.1 (2.1 ) Income tax (expense) benefit — 0.6 Net of tax $ 0.1 $ (1.5 ) Defined benefit pension: Amortization of prior service credits (costs) SG&A (a) 0.7 0.7 Amortization of actuarial gains (losses) SG&A (a) (0.1 ) (0.7 ) Total before tax 0.6 — Income tax (expense) benefit (0.3 ) — Net of tax $ 0.3 $ — Total reclassifications Net of tax $ 0.4 $ (1.5 ) (a) Refers to selling, general and administrative expenses in the condensed consolidated statements of operations.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents our assets and liabilities measured at fair value on a recurring basis and the levels of inputs used to measure fair value, which include derivatives designated as cash flow hedging instruments and derivatives designated as net investment hedges as well as their location on our condensed consolidated balance sheets as of March 31, 2016 and December 31, 2015 (in millions): Fair Value Measurements Fair Value Measurements at March 31, 2016 at December 31, 2015 Balance Sheet Location (Level 2) Total (Level 2) Total Assets: Derivatives designated as cash flow hedges Foreign currency Trade and notes receivable, net $ — $ — $ 6.6 $ 6.6 Derivatives designated as net investment hedges Foreign currency Other assets, net 616.6 616.6 830.9 830.9 Total assets at fair value $ 616.6 $ 616.6 $ 837.5 $ 837.5 Liabilities: Derivatives designated as cash flow hedges Interest rate Other liabilities, net $ 91.6 $ 91.6 $ 40.9 $ 40.9 Foreign currency Other accrued liabilities 6.3 6.3 — — Derivatives designated as net investment hedges Foreign currency Other liabilities, net 65.4 65.4 6.3 6.3 Total liabilities at fair value $ 163.3 $ 163.3 $ 47.2 $ 47.2

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Quantitative Disclosures of Derivative Instruments	The following tables present the required quantitative disclosures for our derivative instruments (in millions): Gain (Loss) Recognized in Other Three Months Ended March 31, 2016 2015 Derivatives designated as cash flow hedges: Forward-starting interest rate swaps $ (51.0 ) $ (83.0 ) Forward-currency contracts $ (9.1 ) $ 9.7 Derivatives designated as net investment hedges: Cross-currency rate swaps $ (274.1 ) $ 454.3 Classification on Condensed Consolidated Statements of Operations Gain (Loss) Reclassified from AOCI Three Months Ended March 31, 2016 2015 Interest expense, net $ (3.5 ) $ — Other operating expenses (income), net $ — $ (4.9 ) Cost of sales $ 3.6 $ 2.8 Gain (Loss) Recognized in Other Three Months Ended March 31, 2016 2015 Derivatives not designated as hedging instruments: Interest rate swaps $ — $ (8.5 ) Forward-currency contracts $ — $ 2.1 Ineffectiveness of cash flow hedges: Interest rate swaps $ — $ (1.6 )

Franchise and Property Revenu41

Franchise and Property Revenues (Tables)	3 Months Ended
	Mar. 31, 2016
Other Industries [Abstract]
Summary of Franchise and Property Revenues	Franchise and property revenues consist of the following (in millions): Three Months Ended March 31, 2016 2015 Franchise royalties $ 227.8 $ 215.8 Property revenues 171.3 178.5 Franchise fees and other revenue 28.9 39.5 Franchise and property revenues $ 428.0 $ 433.8

Other Operating Expenses (Inc42

Other Operating Expenses (Income), net (Tables)	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
Other Operating Expenses (Income), Net	Other operating expenses (income), net consist of the following (in millions): Three Months Ended March 31, 2016 2015 Net losses (gains) on disposal of assets, restaurant closures and refranchisings $ 15.3 $ 0.5 Litigation settlements and reserves, net 0.7 1.6 Net losses (gains) on derivatives — 12.9 Net losses (gains) on foreign exchange 24.1 22.5 Other, net 0.7 0.1 Other operating expenses (income), net $ 40.8 $ 37.6

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Revenues by Operating Segment	Revenues by operating segment consist of the following (in millions): Three Months Ended March 31, 2016 2015 Revenues: TH $ 657.8 $ 683.7 BK 260.7 249.6 Total revenues $ 918.5 $ 933.3
Reconciliation of Segment Income to Net Income	A reconciliation of segment income to net income consists of the following (in millions): Three Months Ended March 31, 2016 2015 Segment Income: TH $ 227.8 $ 184.4 BK 180.0 170.7 Adjusted EBITDA 407.8 355.1 Share-based compensation and non-cash incentive compensation expense 7.9 13.9 Acquisition accounting impact on cost of sales — 1.8 TH transaction and restructuring costs — 28.0 Integration costs 2.2 — Impact of equity method investments (a) (15.7 ) 0.9 Other operating expenses (income), net 40.8 37.6 EBITDA 372.6 272.9 Depreciation and amortization 42.0 48.8 Income from operations 330.6 224.1 Interest expense, net 115.1 123.1 (Gain) loss on early extinguishment of debt — (0.3 ) Income tax expense 47.2 50.7 Net income $ 168.3 $ 50.6 (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.

Supplemental Financial Inform44

Supplemental Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Condensed Consolidating Financial Statements	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) As of March 31, 2016 Consolidated RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 811.5 $ — $ — $ 811.5 Trade and notes receivable, net 366.1 — — 366.1 Inventories and other current assets, net 229.4 — — 229.4 Advertising fund restricted assets 50.9 — — 50.9 Total current assets 1,457.9 — — 1,457.9 Property and equipment, net 2,169.6 — — 2,169.6 Intangible assets, net 9,539.5 — — 9,539.5 Goodwill 4,797.7 — — 4,797.7 Net investment in property leased to franchisees 111.2 — — 111.2 Intercompany receivable — 131.9 (131.9 ) — Investment in subsidiaries — 6,636.1 (6,636.1 ) — Other assets, net 877.4 — — 877.4 Total assets $ 18,953.3 $ 6,768.0 $ (6,768.0 ) $ 18,953.3 LIABILITIES, REDEEMABLE PREFERRED UNITS AND EQUITY Current liabilities: Accounts and drafts payable $ 360.7 $ — $ — $ 360.7 Other accrued liabilities 344.7 131.9 — 476.6 Gift card liability 132.5 — — 132.5 Advertising fund liabilities 78.7 — — 78.7 Current portion of long term debt and capital leases 57.6 — — 57.6 Total current liabilities 974.2 131.9 — 1,106.1 Term debt, net of current portion 8,465.6 — — 8,465.6 Capital leases, net of current portion 213.6 — — 213.6 Other liabilities, net 918.5 — — 918.5 Payables to affiliates 131.9 — (131.9 ) — Deferred income taxes, net 1,613.4 — — 1,613.4 Total liabilities 12,317.2 131.9 (131.9 ) 12,317.2 Partnership preferred units — 3,297.0 — 3,297.0 Partners’ capital: Class A common units — 3,122.2 — 3,122.2 Partnerhsip exchangeable units — 1,314.2 — 1,314.2 Common shares 7,206.9 — (7,206.9 ) — Retained earnings 526.5 — (526.5 ) — Accumulated other comprehensive income (loss) (1,101.8 ) (1,101.8 ) 1,101.8 (1,101.8 ) Total Partners’ capital/shareholders’ equity 6,631.6 3,334.6 (6,631.6 ) 3,334.6 Noncontrolling interests 4.5 4.5 (4.5 ) 4.5 Total equity 6,636.1 3,339.1 (6,636.1 ) 3,339.1 Total liabilities, Partnership preferred units and equity $ 18,953.3 $ 6,768.0 $ (6,768.0 ) $ 18,953.3 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions) As of December 31, 2015 Consolidated RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 753.7 $ — $ — $ 753.7 Trade and notes receivable, net 421.7 — — 421.7 Inventories and other current assets, net 132.2 — — 132.2 Advertising fund restricted assets 57.5 — — 57.5 Total current assets 1,365.1 — — 1,365.1 Property and equipment, net 2,150.6 — — 2,150.6 Intangible assets, net 9,147.8 — — 9,147.8 Goodwill 4,574.4 — — 4,574.4 Net investment in property leased to franchisees 117.2 — — 117.2 Intercompany receivable — 128.3 (128.3 ) — Investment in subsidiaries — 6,210.1 (6,210.1 ) — Other assets, net 1,053.4 — — 1,053.4 Total assets $ 18,408.5 $ 6,338.4 $ (6,338.4 ) $ 18,408.5 LIABILITIES, REDEEMABLE PREFERRED UNITS AND EQUITY Current liabilities: Accounts and drafts payable $ 361.5 $ — $ — $ 361.5 Other accrued liabilities 310.0 128.3 — 438.3 Gift card liability 168.5 — — 168.5 Advertising fund liabilities 93.6 — — 93.6 Current portion of long term debt and capital leases 56.1 — — 56.1 Total current liabilities 989.7 128.3 — 1,118.0 Term debt, net of current portion 8,462.3 — — 8,462.3 Capital leases, net of current portion 203.4 — — 203.4 Other liabilities, net 795.9 — — 795.9 Payables to affiliates 128.3 — (128.3 ) — Deferred income taxes, net 1,618.8 — — 1,618.8 Total liabilities 12,198.4 128.3 (128.3 ) 12,198.4 Partnership preferred units — 3,297.0 — 3,297.0 Partners’ capital: Class A common units — 2,876.7 — 2,876.7 Partnerhsip exchangeable units — 1,503.5 — 1,503.5 Common shares 7,318.1 — (7,318.1 ) — Retained earnings 359.1 — (359.1 ) — Accumulated other comprehensive income (loss) (1,467.8 ) (1,467.8 ) 1,467.8 (1,467.8 ) Total Partners’ capital/shareholders’ equity 6,209.4 2,912.4 (6,209.4 ) 2,912.4 Noncontrolling interests 0.7 0.7 (0.7 ) 0.7 Total equity 6,210.1 2,913.1 (6,210.1 ) 2,913.1 Total liabilities, Partnership preferred units and equity $ 18,408.5 $ 6,338.4 $ (6,338.4 ) $ 18,408.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions) Three Months Ended March 31, 2016 Consolidated RBILP Eliminations Consolidated Revenues: Sales $ 490.5 $ — $ — $ 490.5 Franchise and property revenues 428.0 — — 428.0 Total revenues 918.5 — — 918.5 Cost of sales 388.2 — — 388.2 Franchise and property expenses 104.2 — — 104.2 Selling, general and administrative expenses 73.2 — — 73.2 (Income) loss from equity method investments (18.5 ) — — (18.5 ) Other operating expenses (income), net 40.8 — — 40.8 Total operating costs and expenses 587.9 — — 587.9 Income from operations 330.6 — — 330.6 Interest expense, net 115.1 — — 115.1 Income before income taxes 215.5 — — 215.5 Income tax expense 47.2 — — 47.2 Net income 168.3 — — 168.3 Equity in earnings of consolidated subsidiaries — 168.3 (168.3 ) — Net income 168.3 168.3 (168.3 ) 168.3 Net income attributable to noncontrolling interests 0.9 0.9 (0.9 ) 0.9 Partnership preferred unit distributions — 67.5 — 67.5 Net income (loss) attributable to common unitholders / shareholders $ 167.4 $ 99.9 $ (167.4 ) $ 99.9 Total comprehensive income (loss) $ 534.3 $ 534.3 $ (534.3 ) $ 534.3 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions) Three Months Ended March 31, 2015 Consolidated RBILP Eliminations Consolidated Revenues: Sales $ 499.5 $ — $ — $ 499.5 Franchise and property revenues 433.8 — — 433.8 Total revenues 933.3 — — 933.3 Cost of sales 433.2 — — 433.2 Franchise and property expenses 129.1 — — 129.1 Selling, general and administrative expenses 111.0 — — 111.0 (Income) loss from equity method investments (1.7 ) — — (1.7 ) Other operating expenses (income), net 37.6 — — 37.6 Total operating costs and expenses 709.2 — — 709.2 Income from operations 224.1 — — 224.1 Interest expense, net 123.1 — — 123.1 (Gain) loss on early extinguishment of debt (0.3 ) — — (0.3 ) Income before income taxes 101.3 — — 101.3 Income tax expense 50.7 — — 50.7 Net income 50.6 — — 50.6 Equity in earnings of consolidated subsidiaries — 50.6 (50.6 ) — Net income 50.6 50.6 (50.6 ) 50.6 Net income attributable to noncontrolling interests 1.0 1.0 (1.0 ) 1.0 Partnership preferred unit distributions — 68.7 — 68.7 Net income (loss) attributable to common unitholders / shareholders $ 49.6 $ (19.1 ) $ (49.6 ) $ (19.1 ) Total comprehensive income (loss) $ (707.5 ) $ (707.5 ) $ 707.5 $ (707.5 ) RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions) Three Months Ended March 31, 2016 Consolidated RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 168.3 $ 168.3 $ (168.3 ) $ 168.3 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (168.3 ) 168.3 — Depreciation and amortization 42.1 — — 42.1 Amortization of deferred financing costs and debt issuance discount 9.7 — — 9.7 (Income) loss from equity method investments (18.5 ) — — (18.5 ) Loss (gain) on remeasurement of foreign denominated transactions 28.0 — — 28.0 Amortization of defined pension and postretirement benefits (0.6 ) — — (0.6 ) Net losses (gains) on derivatives 3.5 — — 3.5 Net losses (gains) on refranchisings and dispositions of assets 9.4 — — 9.4 Bad debt expense (recoveries), net (0.3 ) — — (0.3 ) Share-based compensation expense 6.4 — — 6.4 Changes in current assets and liabilities, excluding acquisitions and dispositions: Trade and notes receivable 34.1 — — 34.1 Inventories and other current assets (78.6 ) — — (78.6 ) Accounts and drafts payable (6.6 ) — — (6.6 ) Accrued advertising (15.7 ) — — (15.7 ) Other accrued liabilities 0.6 — — 0.6 Other long-term assets and liabilities (8.8 ) — — (8.8 ) Net cash provided by operating activities 173.0 — — 173.0 Cash flows from investing activities: Payments for property and equipment (5.6 ) — — (5.6 ) Proceeds from refranchisings, disposition of assets and restaurant closures 7.2 — — 7.2 Return of investment on direct financing leases 4.1 — — 4.1 Settlement of derivatives, net (1.1 ) — — (1.1 ) Other investing activities, net 2.2 — — 2.2 Net cash provided by (used for) investing activities 6.8 — — 6.8 Cash flows from financing activities: Repayments of term debt and capital leases (17.2 ) — (17.2 ) Distributions on partnership units — (128.3 ) — (128.3 ) Capital contribution from RBI Inc. — 6.5 — 6.5 Other financing activities, net 3.1 — — 3.1 Intercompany financing (121.8 ) 121.8 — — Net cash provided by (used for) financing activities (135.9 ) — — (135.9 ) Effect of exchange rates on cash and cash equivalents 13.9 — — 13.9 Increase (decrease) in cash and cash equivalents 57.8 — — 57.8 Cash and cash equivalents at beginning of period 753.7 — — 753.7 Cash and cash equivalents at end of period $ 811.5 $ — $ — $ 811.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions) Three Months Ended March 31, 2015 Consolidated RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 50.6 $ 50.6 $ (50.6 ) $ 50.6 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (50.6 ) 50.6 — Depreciation and amortization 48.8 — — 48.8 Loss on early extinguishment of debt (0.3 ) — — (0.3 ) Amortization of deferred financing costs and debt issuance discount 7.0 — — 7.0 (Income) loss from equity method investments (1.7 ) — — (1.7 ) Loss (gain) on remeasurement of foreign denominated transactions 18.1 — — 18.1 Net losses (gains) on derivatives 15.0 — — 15.0 Net losses (gains) on refranchisings and dispositions of assets 1.2 — — 1.2 Bad debt expense (recoveries), net 2.2 — — 2.2 Share-based compensation expense 15.5 — — 15.5 Acquisition accounting impact on cost of sales 1.8 1.8 Deferred income taxes (30.6 ) — — (30.6 ) Changes in current assets and liabilities, excluding acquisitions and dispositions: Reclassification of restricted cash to cash and cash equivalents 79.2 — — 79.2 Trade and notes receivable 53.0 — — 53.0 Inventories and other current assets (0.8 ) — — (0.8 ) Accounts and drafts payable 24.4 — — 24.4 Accrued advertising (0.2 ) — — (0.2 ) Other accrued liabilities 8.6 — — 8.6 Other long-term assets and liabilities (30.0 ) — (30.0 ) Net cash provided by operating activities 261.8 — — 261.8 Cash flows from investing activities: Payments for property and equipment (29.4 ) — — (29.4 ) Proceeds from refranchisings, disposition of assets and restaurant closures 4.5 — — 4.5 Return of investment on direct financing leases 4.0 — — 4.0 Settlement of derivatives, net 52.1 — — 52.1 Other investing activities 1.5 — — 1.5 Net cash provided by (used for) investing activities 32.7 — — 32.7 Cash flows from financing activities: Repayments of term debt, Tim Hortons Notes and capital leases (1,020.6 ) — — (1,020.6 ) Capital contribution from RBI Inc. — 2.1 — 2.1 Other financing activities 1.4 — — 1.4 Intercompany financing 2.1 (2.1 ) — — Net cash provided by (used for) financing activities (1,017.1 ) — — (1,017.1 ) Effect of exchange rates on cash and cash equivalents (59.0 ) — — (59.0 ) Increase (decrease) in cash and cash equivalents (781.6 ) — — (781.6 ) Cash and cash equivalents at beginning of period 1,803.2 — — 1,803.2 Cash and cash equivalents at end of period $ 1,021.6 $ — $ — $ 1,021.6

Description of Business and O45

Description of Business and Organization - Additional Information (Detail)	Mar. 31, 2016RestaurantsCountry
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of restaurants in operation | Restaurants	19,446
Number of countries in which company and franchise restaurants operated | Country	100
Percentage of franchised Tim Hortons and Burger King restaurants	100.00%

Description of Business and O46

Description of Business and Organization - Restaurant Count for Geographic Areas (Detail)	3 Months Ended
	Mar. 31, 2016Restaurants
Franchisor Disclosure [Line Items]
Restaurant count at end of period	19,446
System Wide Restaurants [Member]
Franchisor Disclosure [Line Items]
Restaurant count at beginning of period	19,416
Openings	190
Closures	(160)
Restaurant count at end of period	19,446
Tim Hortons [Member]
Franchisor Disclosure [Line Items]
Restaurant count at beginning of period	4,413
Openings	32
Closures	(7)
Restaurant count at end of period	4,438
Burger King [Member]
Franchisor Disclosure [Line Items]
Restaurant count at beginning of period	15,003
Openings	158
Closures	(153)
Restaurant count at end of period	15,008

Earnings (Loss) Per Unit - Addi

Earnings (Loss) Per Unit - Additional information (Detail)	3 Months Ended
	Mar. 31, 2016
Partnerships Exchangeable Units [Member]
Earnings Per Share Disclosure [Line Items]
Net income (loss) allocation percentage	50.00%
Burger King Worldwide [Member]
Earnings Per Share Disclosure [Line Items]
Conversion basis	One-for-one

Earnings (Loss) Per Unit - Basi

Earnings (Loss) Per Unit - Basic and Diluted Earnings (Loss) Per Unit (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income (loss) attributable to common unitholders	$ 99.9	$ (19.1)
Denominator - Basic and Diluted partnership units:
Total weighted average basic and diluted units outstanding	431.8	467
Class A Common Units [Member]
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income (loss) attributable to common unitholders	$ 50	$ (8.2)
Denominator - Basic and Diluted partnership units:
Total weighted average basic and diluted units outstanding	202	202
Earnings (loss) per unit - basic:
Earnings (loss) per unit / share-basic	$ 0.25	$ (0.04)
Earnings (loss) per unit - diluted:
Earnings (loss) per unit / share - diluted	$ 0.25	$ (0.04)
Partnerships Exchangeable Units [Member]
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income (loss) attributable to common unitholders	$ 49.9	$ (10.9)
Denominator - Basic and Diluted partnership units:
Total weighted average basic and diluted units outstanding	229.8	265
Earnings (loss) per unit - basic:
Earnings (loss) per unit / share-basic	$ 0.22	$ (0.04)
Earnings (loss) per unit - diluted:
Earnings (loss) per unit / share - diluted	$ 0.22	$ (0.04)

Inventories and Other Current49

Inventories and Other Current Assets, Net - Schedule of Inventories and Other Current Assets, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Inventories And Other Assets Current [Abstract]
Raw materials	$ 27	$ 22.7
Finished goods	61.8	58.6
Total inventory	88.8	81.3
Refundable and prepaid income taxes	109.2	21.5
Prepaid rent	4.2	10.6
Prepaids and other current assets	27.2	18.8
Inventories and other current assets, net	$ 229.4	$ 132.2

Intangible Assets, Net and Go50

Intangible Assets, Net and Goodwill - Schedule of Intangible Assets, Net and Goodwill (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, Gross	$ 1,118.4	$ 1,089.5
Goodwill	4,797.7	4,574.4
Identifiable assets, accumulated amortization	(236.4)	(214.3)
Indefinite lived intangible assets, Net	8,657.5	8,272.6
Identifiable assets, Net	882	875.2
Intangible assets, net	9,539.5	9,147.8
Tim Hortons [Member] | Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets, Net	6,531.4	6,175.4
Burger King [Member] | Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets, Net	2,126.1	2,097.2
Franchise Agreements [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, Gross	669.4	653
Identifiable assets, accumulated amortization	(115.5)	(106.8)
Identifiable assets, Net	553.9	546.2
Favorable Lease [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, Gross	449	436.5
Identifiable assets, accumulated amortization	(120.9)	(107.5)
Identifiable assets, Net	$ 328.1	$ 329

Intangible Assets, Net and Go51

Intangible Assets, Net and Goodwill - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 18.3	$ 19.5

Other Assets, Net - Other Asset

Other Assets, Net - Other Assets, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Inventories And Other Non Current Assets [Abstract]
Derivative assets - noncurrent	$ 616.6	$ 830.9
Equity method investments	159.6	139
Other assets	101.2	83.5
Other assets, net	$ 877.4	$ 1,053.4

Equity Method Investments - Add

Equity Method Investments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 159.6		$ 139
Carrols Restaurant Group, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Quoted market price	$ 135.9
TIMWEN Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	50.00%
Cash distributions	$ 2.5
Contingent rent expense	4.4
Burger King France SAS [Member]
Schedule of Equity Method Investments [Line Items]
Increase in carrying value of investment and noncash dilution gain on the issuance of capital stock	11.6
BK Brasil Operacao E Assesoria A Restaurantes S.A. ("Brazil JV") [Member]
Schedule of Equity Method Investments [Line Items]
Increase in carrying value of investment and noncash dilution gain on the issuance of capital stock		$ 10.9
Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Accounts receivable from equity method investments	$ 16.7		$ 23.9

Equity Method Investments - Sum

Equity Method Investments - Summary of Equity Method Investment (Detail)	Mar. 31, 2016
TIMWEN Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	50.00%
TIMWEN Partnership [Member] | Canada [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	50.00%
Carrols Restaurant Group, Inc. [Member] | United States [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	21.35%
Pangaea Foods (China) Holdings, Ltd. [Member] | China [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	27.50%

Equity Method Investments - S55

Equity Method Investments - Summary of Franchise and Property Revenue (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues from affiliates:
Franchise royalties	$ 227.8	$ 215.8
Property revenues	171.3	178.5
Franchise fees and other revenue	28.9	39.5
Total	428	433.8
Affiliates [Member]
Revenues from affiliates:
Franchise royalties	27.7	20.4
Property revenues	6.6	7
Franchise fees and other revenue	3.6	1.2
Total	$ 37.9	$ 28.6

Other Accrued Liabilities and56

Other Accrued Liabilities and Other Liabilities, net - Schedule of Other Accrued Liabilities (Current) and Other Liabilities (Non-Current), Net (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current:
Dividend payable	$ 131.9	$ 128.3
Interest payable	82.9	63.1
Accrued compensation and benefits	24.6	61.6
Taxes payable - current	102.6	46.9
Deferred income - current	29.4	33.5
Closed property reserve	13.4	14
Restructuring and other provisions	11.7	13.5
Derivatives liabilities - current	6.3
Other	73.8	77.4
Other accrued liabilities	476.6	438.3
Noncurrent:
Unfavorable leases	318.9	322
Taxes payable - noncurrent	250.3	236.7
Accrued pension	80	80.2
Derivatives liabilities - noncurrent	157	47.3
Lease liability - noncurrent	28.9	29.5
Deferred income - noncurrent	26.3	23.7
Other	57.1	56.5
Other liabilities, net	$ 918.5	$ 795.9

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Other	$ 93.2	$ 88.5
Less: unamortized discount and deferred financing costs	(215.1)	(224.3)
Total debt, net	8,504.9	8,501.3
Total debt, net	8,504.9	8,501.3
Less: current maturities of debt	(39.3)	(39)
Total long-term debt	$ 8,465.6	8,462.3
Term Loan Facility [Member]
Debt Instrument [Line Items]
Maturity Dates	Dec. 12, 2021
Term Loan Facility	$ 5,084.8	5,097.7
2015 Senior Notes [Member]
Debt Instrument [Line Items]
Maturity Dates	Jan. 15, 2022
Senior Notes	$ 1,250	1,250
2014 Senior Notes [Member]
Debt Instrument [Line Items]
Maturity Dates	Apr. 1, 2022
Senior Notes	$ 2,250	2,250
Tim Hortons Notes [Member]
Debt Instrument [Line Items]
Tim Hortons Notes	$ 42	$ 39.4

Long- Term Debt - Additional In

Long- Term Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Interest Expense, Net [Member]
Debt Instrument [Line Items]
Amortization of deferred financing costs	$ 7.8	$ 4.8
2015 Senior Notes [Member]
Debt Instrument [Line Items]
Deferred financing costs	8.6		$ 9
2014 Senior Notes [Member]
Debt Instrument [Line Items]
Deferred financing costs	39.5		40.8
Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument unamortized discount	41.3		43.2
Deferred financing costs	$ 125.7		$ 131.3

Long- Term Debt - Revolving Cre

Long- Term Debt - Revolving Credit Facility - Additional Information (Detail) - Revolving Credit Facility [Member]	Mar. 31, 2016USD ($)
Line of Credit Facility [Line Items]
Amount outstanding at the credit facility	$ 0
Letter of credit sublimit as part of revolving credit facility	125,000,000
Amount withdrawn from revolving credit facility	4,200,000
Remaining borrowing capacity	$ 495,800,000

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense, Net (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Debt Instrument [Line Items]
Amortization of deferred financing costs and debt issuance discount	$ 9.7	$ 7
Capital lease obligations	4.8	5.1
Other	0.8	0.9
Interest income	(0.6)	(1.4)
Interest expense, net	115.1	123.1
Term Loan Facility [Member]
Debt Instrument [Line Items]
Interest expense	51.8	75.8
2015 Senior Notes [Member]
Debt Instrument [Line Items]
Interest expense	14.5
2014 Senior Notes [Member]
Debt Instrument [Line Items]
Interest expense	33.7	33.8
Tim Hortons Notes [Member]
Debt Instrument [Line Items]
Interest expense	$ 0.4	$ 1.9

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate	21.90%	50.00%
Unfavorable impact of change in foreign currency exchange rates on effective tax rate		19.00%

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Stockholders Equity [Line Items]
Partnership exchangeable units	6,374,002
Noncontrolling interest recognized in connection with VIE restaurants	$ 4.5	$ 0.7
Distributions declared on Partnership exchangeable	31.9
Class A Common Units [Member]
Stockholders Equity [Line Items]
Distributions declared on Partnership exchangeable	$ 32.5
Preferred Stock, Dividend Rate, Percentage	9.00%
Partnerships Exchangeable Units [Member]
Stockholders Equity [Line Items]
Partnership exchangeable units	6,400,000
Distributions declared on Partnership exchangeable	$ 31.9

Common Equity - Summary of Chan

Common Equity - Summary of Change in the Components of Accumulated Other Comprehensive Income (Loss) ("AOCI") (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	$ (1,467.8)
Foreign currency translation adjustment	649.4	$ (1,091.8)
Net change in fair value of derivatives, net of tax	(283)
Amounts reclassified to earnings of cash flow hedges, net of tax	(0.1)	1.5
Pension and post-retirement benefit plans, net of tax	0	(0.1)
Amortization of prior service (credits) costs, net of tax	(0.4)	(0.4)
Amortization of actuarial (gains) losses, net of tax	0.1	0.4
Accumulated other comprehensive income (loss), Ending balance	(1,101.8)
Gains (Losses) on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	637
Net change in fair value of derivatives, net of tax	(283)
Amounts reclassified to earnings of cash flow hedges, net of tax	(0.1)	$ 1.5
Pension and post-retirement benefit plans, net of tax	0
Accumulated other comprehensive income (loss), Ending balance	353.9
Defined Benefit Pension [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	(24.7)
Pension and post-retirement benefit plans, net of tax	0
Amortization of prior service (credits) costs, net of tax	(0.4)
Amortization of actuarial (gains) losses, net of tax	0.1
Accumulated other comprehensive income (loss), Ending balance	(25)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance	(2,080.1)
Foreign currency translation adjustment	649.4
Pension and post-retirement benefit plans, net of tax	0
Accumulated other comprehensive income (loss), Ending balance	$ (1,430.7)

Common Equity - Reclassificatio

Common Equity - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest rate derivative contracts, Income tax (expense) benefit	$ 0	$ 0.6
Total reclassifications, Net of tax	0.1	(1.5)
Total reclassifications, Net of tax	0.4	(1.5)
Gains (Losses) on Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Forward-currency contracts	3.6	2.8
Interest rate derivative contracts, Interest expense, net	0.1	(2.1)
Interest rate derivative contracts, Income tax (expense) benefit		0.6
Total reclassifications, Net of tax	0.1	(1.5)
Gains (Losses) on Cash Flow Hedges [Member] | Interest Expense, Net [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest rate derivative contracts, Interest expense, net	(3.5)
Gains (Losses) on Cash Flow Hedges [Member] | Other Operating Expenses (Income) , Net [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest rate derivative contracts, Interest expense, net		(4.9)
Defined Benefit Pension [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of prior service credits (costs), SG&A	0.7	0.7
Amortization of actuarial gains (losses), SG&A	(0.1)	$ (0.7)
Defined benefit pension plan expense before tax	0.6
Defined benefit, Income tax (expense) benefit	(0.3)
Total reclassifications, Net of tax	$ 0.3

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 616.6	$ 837.5
Total liabilities at fair value	163.3	47.2
Derivatives Designated as Cash Flow Hedges [Member] | Interest Rate [Member] | Other Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	91.6	40.9
Derivatives Designated as Cash Flow Hedges [Member] | Foreign Currency [Member] | Other Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	6.3
Derivatives Designated as Cash Flow Hedges [Member] | Foreign Currency [Member] | Trade and Notes Receivable , Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		6.6
Derivatives Designated as Net Investment Hedges [Member] | Foreign Currency [Member] | Other Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	65.4	6.3
Derivatives Designated as Net Investment Hedges [Member] | Foreign Currency [Member] | Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	616.6	830.9
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	616.6	837.5
Total liabilities at fair value	163.3	47.2
Level 2 [Member] | Derivatives Designated as Cash Flow Hedges [Member] | Interest Rate [Member] | Other Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	91.6	40.9
Level 2 [Member] | Derivatives Designated as Cash Flow Hedges [Member] | Foreign Currency [Member] | Other Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	6.3
Level 2 [Member] | Derivatives Designated as Cash Flow Hedges [Member] | Foreign Currency [Member] | Trade and Notes Receivable , Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		6.6
Level 2 [Member] | Derivatives Designated as Net Investment Hedges [Member] | Foreign Currency [Member] | Other Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	65.4	6.3
Level 2 [Member] | Derivatives Designated as Net Investment Hedges [Member] | Foreign Currency [Member] | Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 616.6	$ 830.9

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Billions	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument Fair Value Carrying Value [Abstract]
Fair value of variable rate term debt and bonds	$ 8.7	$ 8.7
Carrying amount, net of original issue discount	$ 8.6	$ 8.6

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail)	1 Months Ended	3 Months Ended
	Oct. 31, 2014USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2016EUR (€)	Mar. 31, 2016CAD	May. 31, 2015USD ($)Interest_Rate_Swaps	Nov. 30, 2014USD ($)Interest_Rate_Swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net cash provided by (used for) investing activities		$ 6,800,000	$ 32,700,000
Settlement of derivatives		1,100,000	(52,100,000)
Maximum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount		174,600,000
Fixed Income Interest Rate [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount			115,000,000
Variable Income Interest Rate [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount			200,000,000
Interest Expense, Net [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of pre-tax losses in AOCI expect to be reclassified into interest expense		$ (12,600,000)
Interest Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount on 2014 term loan facility for interest payments						$ 2,500,000,000
Cross-currency rate swaps, maturity date	Mar. 31, 2021	Mar. 31, 2021
Foreign currency forward contract notional amount	$ 6,750,000,000	$ 6,690,400,000				$ 2,500,000,000	$ 6,733,100,000
Number of sequential interest rate swap | Interest_Rate_Swaps						6	6
Derivative, type of interest rate paid on swap		Fixed
Settlement of derivative notional amount			(42,700,000)
Mandatory prepayment			$ 42,700,000
Net cash provided by (used for) investing activities		$ 36,200,000
Interest Rate Swaps [Member] | Interest Expense, Net [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net unrealized loss remaining in AOCI		$ 84,600,000
Interest Rate Swaps [Member] | Derivatives Not Designated as Hedging Instruments [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cross-currency rate swaps, maturity date		Mar. 31, 2021
Foreign currency forward contract notional amount		$ 1,000,000,000
Interest Rate Swaps [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount		$ 5,690,400,000
Interest Rate Swaps [Member] | Term Loan Facility [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cross-currency rate swaps, maturity date		Apr. 1, 2015
Cross Currency Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cross-currency rate swaps, maturity date			Sep. 28, 2017
Foreign currency forward contract notional amount			$ 315,000,000
Foreign currency forward contract - net unrealized gains			31,800,000
Settlement of derivatives			$ 52,100,000
Cross Currency Interest Rate Contract [Member] | Maximum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Outstanding cross currency rate swaps		6.525%
Cross Currency Interest Rate Contract [Member] | Minimum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Outstanding cross currency rate swaps		3.948%
Cross Currency Interest Rate Contract [Member] | Fixed Income Interest Rate [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount		$ 1,200,000,000		€ 1,107,800,000
Cross Currency Interest Rate Contract [Member] | Canadian Dollar [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount | CAD					CAD 5,641,700,000
Cross Currency Interest Rate Contract [Member] | Canadian Dollar [Member] | Maximum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Outstanding cross currency rate swaps		7.002%
Cross Currency Interest Rate Contract [Member] | Canadian Dollar [Member] | Minimum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Outstanding cross currency rate swaps		4.802%
Cross Currency Interest Rate Contract [Member] | United States Dollar [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cross-currency rate swaps, maturity date		Mar. 31, 2021
Foreign currency forward contract notional amount		$ 5,000,000,000

Derivative Instruments - Quanti

Derivative Instruments - Quantitative Disclosures of Derivative Instruments (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from AOCI into Earnings	$ (3.5)	$ (15)
Gain (Loss) Recognized in Other Operating Expenses (Income), net		(12.9)
Interest Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Operating Expenses (Income), net, Ineffectiveness of cash flow hedges		(1.6)
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Operating Expenses (Income), net		(8.5)
Derivatives Not Designated as Hedging Instruments [Member] | Forward Currency Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Operating Expenses (Income), net		2.1
Derivatives Designated as Cash Flow Hedges [Member] | Interest Rate Caps [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Expense, Net [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from AOCI into Earnings	(3.5)
Derivatives Designated as Cash Flow Hedges [Member] | Interest Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	(51)	(83)
Derivatives Designated as Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Other Operating Income (Expense) Net [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from AOCI into Earnings		(4.9)
Derivatives Designated as Cash Flow Hedges [Member] | Forward Currency Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	(9.1)	9.7
Derivatives Designated as Cash Flow Hedges [Member] | Forward-Currency Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Cost of Sales [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from AOCI into Earnings	3.6	2.8
Derivatives Designated as Net Investment Hedges [Member] | Cross-Currency Rate Swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$ (274.1)	$ 454.3

Franchise and Property Revenu69

Franchise and Property Revenues - Summary of Franchise and Property Revenues (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Franchisor Revenue [Abstract]
Franchise royalties	$ 227.8	$ 215.8
Property revenues	171.3	178.5
Franchise fees and other revenue	28.9	39.5
Franchise and property revenues	$ 428	$ 433.8

Other Operating Expenses (Inc70

Other Operating Expenses (Income), net - Other Operating Expenses (Income), Net (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Income and Expenses [Abstract]
Net losses (gains) on disposal of assets, restaurant closures and refranchisings	$ 15.3	$ 0.5
Litigation settlements and reserves, net	0.7	1.6
Net losses (gains) on derivatives		12.9
Net losses (gains) on foreign exchange	24.1	22.5
Other, net	0.7	0.1
Other operating expenses (income), net	$ 40.8	$ 37.6

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)Restaurants	Mar. 31, 2015USD ($)Restaurants	Dec. 31, 2015Restaurants
Variable Interest Entity [Line Items]
Sales	$ 490.5	$ 499.5
Restaurant VIEs [Member]
Variable Interest Entity [Line Items]
Sales	32.5	61.6
Operating costs and expenses	$ 31.4	$ 60.4
Number of consolidated restaurants | Restaurants	119	258	141

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of operating segments | Segment		2
Number of reporatable segments | Segment		2
Revenues	$ 918.5	$ 933.3
Tim Hortons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of operating segments | Segment		1
Revenues	657.8	$ 683.7
Burger King [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of operating segments | Segment		1
Revenues	260.7	$ 249.6
Canada [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	581.2	604.6
Outside of Canada [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 337.3	$ 328.7
Canada And United States [Member] | Geographic Concentration Risk [Member] | Sales Revenue, Net [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues percentage	10.00%	10.00%
United States [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 229.5	$ 231.8

Segment Reporting - Revenues by

Segment Reporting - Revenues by Operating Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue, Major Customer [Line Items]
Total revenues	$ 918.5	$ 933.3
Tim Hortons [Member]
Revenue, Major Customer [Line Items]
Total revenues	657.8	683.7
Burger King [Member]
Revenue, Major Customer [Line Items]
Total revenues	$ 260.7	$ 249.6

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Segment Income to Net Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting, Revenue Reconciling Item [Line Items]
Acquisition accounting impact on cost of sales		$ 1.8
Impact of equity method investments	$ (18.5)	(1.7)
Other operating expenses (income), net	40.8	37.6
EBITDA	372.6	272.9
Depreciation and amortization	42	48.8
Income from operations	330.6	224.1
Interest expense, net	115.1	123.1
(Gain) loss on early extinguishment of debt		(0.3)
Income tax expense	47.2	50.7
Net income	168.3	50.6
Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment income	407.8	355.1
Operating Segments [Member] | Tim Hortons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment income	227.8	184.4
Operating Segments [Member] | Burger King [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Segment income	180	170.7
Unallocated Management G&A [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Share-based compensation and non-cash incentive compensation expense	7.9	13.9
Acquisition accounting impact on cost of sales		1.8
Integration costs	2.2
Impact of equity method investments	(15.7)	0.9
Other operating expenses (income), net	$ 40.8	37.6
Unallocated Management G&A [Member] | Tim Hortons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
TH transaction and restructuring costs		$ 28

Supplemental Financial Inform75

Supplemental Financial Information - Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 811.5	$ 753.7	$ 1,021.6	$ 1,803.2
Trade and notes receivable, net	366.1	421.7
Inventories and other current assets, net	229.4	132.2
Advertising fund restricted assets	50.9	57.5
Total current assets	1,457.9	1,365.1
Property and equipment, net	2,169.6	2,150.6
Intangible assets, net	9,539.5	9,147.8
Goodwill	4,797.7	4,574.4
Net investment in property leased to franchisees	111.2	117.2
Investment in subsidiaries	159.6	139
Other assets, net	877.4	1,053.4
Total assets	18,953.3	18,408.5
Current liabilities:
Accounts and drafts payable	360.7	361.5
Other accrued liabilities	476.6	438.3
Gift card liability	132.5	168.5
Advertising fund liabilities	78.7	93.6
Current portion of long term debt and capital leases	57.6	56.1
Total current liabilities	1,106.1	1,118
Term debt, net of current portion	8,465.6	8,462.3
Capital leases, net of current portion	213.6	203.4
Other liabilities, net	918.5	795.9
Deferred income taxes, net	1,613.4	1,618.8
Total liabilities	12,317.2	12,198.4
Partnership preferred units	3,297	3,297
Partners' capital:
Accumulated other comprehensive income (loss)	(1,101.8)	(1,467.8)
Total Partners' capital	3,334.6	2,912.4
Noncontrolling interests	4.5	0.7
Total equity	3,339.1	2,913.1
Total liabilities, Partnership preferred units and equity	18,953.3	18,408.5
Borrowers [Member]
Current assets:
Cash and cash equivalents	811.5	753.7	$ 1,021.6	$ 1,803.2
Trade and notes receivable, net	366.1	421.7
Inventories and other current assets, net	229.4	132.2
Advertising fund restricted assets	50.9	57.5
Total current assets	1,457.9	1,365.1
Property and equipment, net	2,169.6	2,150.6
Intangible assets, net	9,539.5	9,147.8
Goodwill	4,797.7	4,574.4
Net investment in property leased to franchisees	111.2	117.2
Other assets, net	877.4	1,053.4
Total assets	18,953.3	18,408.5
Current liabilities:
Accounts and drafts payable	360.7	361.5
Other accrued liabilities	344.7	310
Gift card liability	132.5	168.5
Advertising fund liabilities	78.7	93.6
Current portion of long term debt and capital leases	57.6	56.1
Total current liabilities	974.2	989.7
Term debt, net of current portion	8,465.6	8,462.3
Capital leases, net of current portion	213.6	203.4
Other liabilities, net	918.5	795.9
Payables to affiliates	131.9	128.3
Deferred income taxes, net	1,613.4	1,618.8
Total liabilities	12,317.2	12,198.4
Partners' capital:
Common shares	7,206.9	7,318.1
Retained earnings	526.5	359.1
Accumulated other comprehensive income (loss)	(1,101.8)	(1,467.8)
Total Partners' capital	6,631.6	6,209.4
Noncontrolling interests	4.5	0.7
Total equity	6,636.1	6,210.1
Total liabilities, Partnership preferred units and equity	18,953.3	18,408.5
Restaurant Brands International Limited Partnership [Member]
Current assets:
Cash and cash equivalents	0
Intercompany receivable	131.9	128.3
Investment in subsidiaries	6,636.1
Investment in subsidiaries		6,210.1
Total assets	6,768	6,338.4
Current liabilities:
Other accrued liabilities	131.9	128.3
Total current liabilities	131.9	128.3
Total liabilities	131.9	128.3
Partnership preferred units	3,297	3,297
Partners' capital:
Accumulated other comprehensive income (loss)	(1,101.8)	(1,467.8)
Total Partners' capital	3,334.6	2,912.4
Noncontrolling interests	4.5	0.7
Total equity	3,339.1	2,913.1
Total liabilities, Partnership preferred units and equity	6,768	6,338.4
Class A Common Units [Member]
Partners' capital:
Class A common units	3,122.2	2,876.7
Total equity	3,122.2	2,876.7
Class A Common Units [Member] | Restaurant Brands International Limited Partnership [Member]
Partners' capital:
Class A common units	3,122.2	2,876.7
Partnerships Exchangeable Units [Member]
Partners' capital:
Partnership exchangeable units	1,314.2	1,503.5
Total equity	1,314.2	1,503.5
Partnerships Exchangeable Units [Member] | Restaurant Brands International Limited Partnership [Member]
Partners' capital:
Partnership exchangeable units	1,314.2	1,503.5
Eliminations [Member]
Current assets:
Intercompany receivable	(131.9)	(128.3)
Investment in subsidiaries	(6,636.1)
Investment in subsidiaries		(6,210.1)
Total assets	(6,768)	(6,338.4)
Current liabilities:
Payables to affiliates	(131.9)	(128.3)
Total liabilities	(131.9)	(128.3)
Partners' capital:
Common shares	(7,206.9)	(7,318.1)
Retained earnings	(526.5)	(359.1)
Accumulated other comprehensive income (loss)	1,101.8	1,467.8
Total Partners' capital	(6,631.6)	(6,209.4)
Noncontrolling interests	(4.5)	(0.7)
Total equity	(6,636.1)	(6,210.1)
Total liabilities, Partnership preferred units and equity	$ (6,768)	$ (6,338.4)

Supplemental Financial Inform76

Supplemental Financial Information - Condensed Consolidating Statements of Operations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Sales	$ 490.5	$ 499.5
Franchise and property revenues	428	433.8
Total revenues	918.5	933.3
Cost of sales	388.2	433.2
Franchise and property expenses	104.2	129.1
Selling, general and administrative expenses	73.2	111
(Income) loss from equity method investments	(18.5)	(1.7)
Other operating expenses (income), net	40.8	37.6
Total operating costs and expenses	587.9	709.2
Income from operations	330.6	224.1
Interest expense, net	115.1	123.1
(Gain) loss on early extinguishment of debt		(0.3)
Income before income taxes	215.5	101.3
Income tax expense	47.2	50.7
Net income	168.3	50.6
Net income	168.3	50.6
Net income attributable to noncontrolling interests	0.9	1
Partnership preferred unit distributions	67.5	68.7
Net income (loss) attributable to common unitholders / shareholders	99.9	(19.1)
Total comprehensive income (loss)	534.3	(707.5)
Borrowers [Member]
Revenues:
Sales	490.5	499.5
Franchise and property revenues	428	433.8
Total revenues	918.5	933.3
Cost of sales	388.2	433.2
Franchise and property expenses	104.2	129.1
Selling, general and administrative expenses	73.2	111
(Income) loss from equity method investments	(18.5)	(1.7)
Other operating expenses (income), net	40.8	37.6
Total operating costs and expenses	587.9	709.2
Income from operations	330.6	224.1
Interest expense, net	115.1	123.1
(Gain) loss on early extinguishment of debt		(0.3)
Income before income taxes	215.5	101.3
Income tax expense	47.2	50.7
Net income	168.3	50.6
Net income	168.3	50.6
Net income attributable to noncontrolling interests	0.9	1
Net income (loss) attributable to common unitholders / shareholders	167.4	49.6
Total comprehensive income (loss)	534.3	(707.5)
Restaurant Brands International Limited Partnership [Member]
Revenues:
Equity in earnings of consolidated subsidiaries	168.3	50.6
Net income	168.3	50.6
Net income attributable to noncontrolling interests	0.9	1
Partnership preferred unit distributions	67.5	68.7
Net income (loss) attributable to common unitholders / shareholders	99.9	(19.1)
Total comprehensive income (loss)	534.3	(707.5)
Eliminations [Member]
Revenues:
Equity in earnings of consolidated subsidiaries	(168.3)	(50.6)
Net income	(168.3)	(50.6)
Net income attributable to noncontrolling interests	(0.9)	(1)
Net income (loss) attributable to common unitholders / shareholders	(167.4)	(49.6)
Total comprehensive income (loss)	$ (534.3)	$ 707.5

Supplemental Financial Inform77

Supplemental Financial Information - Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 168.3	$ 50.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	42.1	48.8
Loss on early extinguishment of debt		(0.3)
Amortization of deferred financing costs and debt issuance discount	9.7	7
(Income) loss from equity method investments	(18.5)	(1.7)
Loss (gain) on remeasurement of foreign denominated transactions	28	18.1
Amortization of defined pension and postretirement benefits	(0.6)
Net losses (gains) on derivatives	3.5	15
Net losses (gains) on refranchisings and dispositions of assets	9.4	1.2
Bad debt expense (recoveries), net	(0.3)	2.2
Share-based compensation expense	6.4	15.5
Acquisition accounting impact on cost of sales		1.8
Deferred income taxes		(30.6)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Reclassification of restricted cash to cash and cash equivalents		79.2
Trade and notes receivable	34.1	53
Inventories and other current assets	(78.6)	(0.8)
Accounts and drafts payable	(6.6)	24.4
Accrued advertising	(15.7)	(0.2)
Other accrued liabilities	0.6	8.6
Other long-term assets and liabilities	(8.8)	(30)
Net cash provided by operating activities	173	261.8
Cash flows from investing activities:
Payments for property and equipment	(5.6)	(29.4)
Proceeds from refranchisings, disposition of assets and restaurant closures	7.2	4.5
Proceeds from refranchisings, disposition of assets and restaurant closures	7.2
Return of investment on direct financing leases	4.1	4
Settlement of derivatives, net	(1.1)	52.1
Other investing activities, net	2.2	1.5
Net cash provided by (used for) investing activities	6.8	32.7
Cash flows from financing activities:
Repayments of term debt, Tim Hortons Notes and capital leases	(17.2)	(1,020.6)
Distributions on partnership units	(128.3)
Capital contribution from RBI Inc.	6.5	2.1
Other financing activities	3.1	1.4
Net cash provided by (used for) financing activities	(135.9)	(1,017.1)
Effect of exchange rates on cash and cash equivalents	13.9	(59)
Increase (decrease) in cash and cash equivalents	57.8	(781.6)
Cash and cash equivalents at beginning of period	753.7	1,803.2
Cash and cash equivalents at end of period	811.5	1,021.6
Eliminations [Member]
Cash flows from operating activities:
Net income	(168.3)	(50.6)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	168.3	50.6
Borrowers [Member]
Cash flows from operating activities:
Net income	168.3	50.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	42.1	48.8
Loss on early extinguishment of debt		(0.3)
Amortization of deferred financing costs and debt issuance discount	9.7	7
(Income) loss from equity method investments	(18.5)	(1.7)
Loss (gain) on remeasurement of foreign denominated transactions	28	18.1
Amortization of defined pension and postretirement benefits	(0.6)
Net losses (gains) on derivatives	3.5	15
Net losses (gains) on refranchisings and dispositions of assets	9.4	1.2
Bad debt expense (recoveries), net	(0.3)	2.2
Share-based compensation expense	6.4	15.5
Acquisition accounting impact on cost of sales		1.8
Deferred income taxes		(30.6)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Reclassification of restricted cash to cash and cash equivalents		79.2
Trade and notes receivable	34.1	53
Inventories and other current assets	(78.6)	(0.8)
Accounts and drafts payable	(6.6)	24.4
Accrued advertising	(15.7)	(0.2)
Other accrued liabilities	0.6	8.6
Other long-term assets and liabilities	(8.8)	(30)
Net cash provided by operating activities	173	261.8
Cash flows from investing activities:
Payments for property and equipment	(5.6)	(29.4)
Proceeds from refranchisings, disposition of assets and restaurant closures		4.5
Proceeds from refranchisings, disposition of assets and restaurant closures	7.2
Return of investment on direct financing leases	4.1	4
Settlement of derivatives, net	(1.1)	52.1
Other investing activities, net	2.2	1.5
Net cash provided by (used for) investing activities	6.8	32.7
Cash flows from financing activities:
Repayments of term debt, Tim Hortons Notes and capital leases	(17.2)	(1,020.6)
Other financing activities	3.1	1.4
Intercompany financing	(121.8)	2.1
Net cash provided by (used for) financing activities	(135.9)	(1,017.1)
Effect of exchange rates on cash and cash equivalents	13.9	(59)
Increase (decrease) in cash and cash equivalents	57.8	(781.6)
Cash and cash equivalents at beginning of period	753.7	1,803.2
Cash and cash equivalents at end of period	811.5	1,021.6
Restaurant Brands International Limited Partnership [Member]
Cash flows from operating activities:
Net income	168.3	50.6
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	(168.3)	(50.6)
Cash flows from financing activities:
Distributions on partnership units	(128.3)
Capital contribution from RBI Inc.	6.5	2.1
Intercompany financing	121.8	$ (2.1)
Cash and cash equivalents at end of period	$ 0

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Apr. 27, 2016	Apr. 04, 2016	Apr. 01, 2016	Mar. 31, 2016
Subsequent Event [Line Items]
Partnership exchangeable unit				$ 0.14
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash dividend paid per common share		$ 0.14
Cash dividend paid per preferred share			$ 0.98
Dividend payable record date	May 16, 2016	Mar. 3, 2016
Dividends paid preferred share			$ 67.5
Cash dividend declared by board	$ 0.15
Dividend to be paid date	Jul. 6, 2016
Subsequent Event [Member] | Preferred Share [Member]
Subsequent Event [Line Items]
Dividend payable record date	Jul. 5, 2016
Cash dividend declared by board	$ 0.98
Dividends Payable preferred share	$ 67.5
Subsequent Event [Member] | Partnerships Exchangeable Units [Member]
Subsequent Event [Line Items]
Partnership exchangeable unit	$ 0.15	$ 0.14