Restaurant Brands International Limited Partnership (RSTRF) 10-Q 25 Apr 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 19, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
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
Partnership Exchangeable Units
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		217,654,367
Class A common units
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		202,006,067

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 821.5	$ 1,097.4	$ 938	$ 1,435.8
Accounts and notes receivable, net of allowance of $19.5 and $16.4, respectively	467.6	488.8
Inventories, net	74.6	78
Prepaids and other current assets	87.8	85.4
Total current assets	1,451.5	1,749.6
Property and equipment, net of accumulated depreciation and amortization of $651.7 and $623.3, respectively	2,072.7	2,133.3
Intangible assets, net	10,904.6	11,062.2
Goodwill	5,693.5	5,782.3
Net investment in property leased to franchisees	66.9	71.3
Other assets, net	570.7	425.2
Total assets	20,759.9	21,223.9
Current liabilities:
Accounts and drafts payable	416.4	496.2
Other accrued liabilities	636.6	865.7
Gift card liability	107.3	214.9
Current portion of long term debt and capital leases	78.8	78.2
Total current liabilities	1,239.1	1,655
Term debt, net of current portion	11,788.1	11,800.9
Capital leases, net of current portion	236.6	243.8
Other liabilities, net	1,820.4	1,455.1
Deferred income taxes, net	1,432.9	1,508.1
Total liabilities	16,517.1	16,662.9
Partners’ capital:
Accumulated other comprehensive income (loss)	(1,066.6)	(884.3)
Total Partners’ capital	4,240.3	4,559.6
Noncontrolling interests	2.5	1.4
Total equity	4,242.8	4,561
Total liabilities and equity	20,759.9	21,223.9
Class A common units
Partners’ capital:
Class A common units; 202,006,067 issued and outstanding at March 31, 2018 and December 31, 2017	4,117.2	4,167.5
Total equity	4,117.2	4,167.5
Partnership Exchangeable Units
Partners’ capital:
Partnership exchangeable units; 217,679,492 issued and outstanding at March 31, 2018; 217,708,924 issued and outstanding at December 31, 2017	1,189.7	1,276.4
Total equity	$ 1,189.7	$ 1,276.4

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Allowance for accounts and notes receivable	$ 19.5	$ 16.4
Property and equipment, accumulated depreciation and amortization	$ 651.7	$ 623.3
Class A common units
Class A common units, issued (shares)	202,006,067	202,006,067
Class A common units, outstanding (shares)	202,006,067	202,006,067
Partnership Exchangeable Units
Partnership exchangeable units, issued (shares)	217,679,492	217,708,924
Partnership exchangeable units, outstanding (shares)	217,679,492	217,708,924

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Sales	$ 547.8	$ 550.4
Franchise and property revenues	706	450.2
Total revenues	1,253.8	1,000.6
Operating costs and expenses:
Cost of sales	429.1	423.4
Franchise and property expenses	104.4	111
Selling, general and administrative expenses	301.3	121.9
(Income) loss from equity method investments	(14.3)	(5.7)
Other operating expenses (income), net	12.7	13.8
Total operating costs and expenses	833.2	664.4
Income from operations	420.6	336.2
Interest expense, net	140.1	111.4
Loss on early extinguishment of debt	0	20.4
Income before income taxes	280.5	204.4
Income tax expense	1.7	37.8
Net income	278.8	166.6
Net income attributable to noncontrolling interests	0.2	0.4
Partnership preferred unit distributions	0	67.5
Net income attributable to common unitholders	278.6	98.7
Class A common units
Operating costs and expenses:
Net income	147.8
Net income attributable to common unitholders	$ 147.8	$ 50.2
Earnings per unit - basic and diluted
Earnings per unit - basic and diluted (in dollars per share)	$ 0.73	$ 0.25
Weighted average units outstanding - basic and diluted
Weighted average units outstanding - basic and diluted (shares)	202	202
Distributions per unit
Distributions per unit (in dollars per share)	$ 0.55	$ 0.21
Partnership Exchangeable Units
Operating costs and expenses:
Net income	$ 130.8
Net income attributable to common unitholders	$ 130.8	$ 48.5
Earnings per unit - basic and diluted
Earnings per unit - basic and diluted (in dollars per share)	$ 0.60	$ 0.21
Weighted average units outstanding - basic and diluted
Weighted average units outstanding - basic and diluted (shares)	217.7	226.9
Distributions per unit
Distributions per unit (in dollars per share)	$ 0.45	$ 0.18

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 278.8	$ 166.6
Foreign currency translation adjustment	(215.6)	105.8
Net change in fair value of net investment hedges, net of tax of $(8.6) and $10.7	2.5	(43.5)
Net change in fair value of cash flow hedges, net of tax of $(9.1) and $0.9	24.9	(2.6)
Amounts reclassified to earnings of cash flow hedges, net of tax of $(2.1) and $(1.3)	5.7	3.7
Gain (loss) recognized on defined benefit pension plans, net of tax of $0.0 and $0.3	0.2	(0.3)
Other comprehensive income (loss)	(182.3)	63.1
Comprehensive income (loss)	96.5	229.7
Comprehensive income (loss) attributable to noncontrolling interests	0.2	0.4
Comprehensive income attributable to preferred unitholder	0	67.5
Comprehensive income (loss) attributable to common unitholders	$ 96.3	$ 161.8

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Tax effect on change in fair value of investment hedges	$ (8.6)	$ 10.7
Tax effect of changes in fair value of cash flow hedges	(9.1)	0.9
Tax effect on amounts reclassified to earnings of cash flow hedges	(2.1)	(1.3)
Tax effect on pension and post-retirement benefit plans	$ 0	$ 0.3

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Equity - 3 months ended Mar. 31, 2018 - USD ($) $ in Millions	Total	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Class A common units	Partnership Exchangeable Units
Beginning Balance Class A, shares at Dec. 31, 2017				202,006,067
Beginning balances at Dec. 31, 2017	$ 4,561	$ (884.3)	$ 1.4	$ 4,167.5	$ 1,276.4
Beginning Balance partnership exchangeable units, shares at Dec. 31, 2017					217,708,924
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions declared on Class A common units	(112.1)			(112.1)
Distributions declared on partnership exchangeable units	(98)				$ (98)
Exchange of Partnership exchangeable units for RBI common shares				1.7	$ (1.7)
Exchange of Partnership exchangeable units for RBI common shares, shares					(29,432)
Capital contribution from RBI Inc.	44.3			44.3
Restaurant VIE contributions (distributions)	0.9		0.9
Net income	278.8		0.2	$ 147.8	$ 130.8
Other comprehensive income (loss)	(182.3)	(182.3)
Ending Balance Class A, shares at Mar. 31, 2018				202,006,067
Ending balances at Mar. 31, 2018	4,242.8	$ (1,066.6)	$ 2.5	$ 4,117.2	$ 1,189.7
Ending Balance partnership exchangeable units, shares at Mar. 31, 2018					217,679,492
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect adjustment | Accounting Standards Update 2014-09	$ (249.8)			$ (132)	$ (117.8)

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 278.8	$ 166.6
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Depreciation and amortization	47	43.4
Premiums paid and non-cash loss on early extinguishment of debt	0	17.9
Amortization of deferred financing costs and debt issuance discount	7.2	8.5
(Income) loss from equity method investments	(14.3)	(5.7)
Loss (gain) on remeasurement of foreign denominated transactions	16.4	10.4
Net losses on derivatives	1.9	5.8
Share-based compensation expense	13.3	16.5
Deferred income taxes	(19)	15.3
Other	3.7	3.6
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	15.4	47.8
Inventories and prepaids and other current assets	(7)	7.8
Accounts and drafts payable	(72.8)	38.9
Other accrued liabilities and gift card liability	(374.7)	(82.6)
Other long-term assets and liabilities	(37.8)	20.1
Net cash (used for) provided by operating activities	(141.9)	314.3
Cash flows from investing activities:
Payments for property and equipment	(7)	(4.1)
Proceeds from disposal of assets, restaurant closures, and refranchisings	1.6	6.8
Net payment for purchase of Popeyes, net of cash acquired	0	(1,635.9)
Return of investment on direct financing leases	4.2	4.1
Settlement/sale of derivatives, net	3	5.2
Other investing activities, net	0.1	(0.8)
Net cash provided by (used for) investing activities	1.9	(1,624.7)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	1,300
Repayments of long-term debt and capital leases	(21.7)	(319.9)
Payment of financing costs	0	(31.8)
Distributions on common, preferred and Partnership exchangeable units	(96.9)	(145.9)
Payments in connection with repurchase of partnership preferred units	(33.6)	0
Capital contribution from RBI Inc.	25.2	8
Other financing activities, net	(0.6)	(1.1)
Net cash provided by (used for) financing activities	(127.6)	809.3
Effect of exchange rates on cash and cash equivalents	(8.3)	3.3
Increase (decrease) in cash and cash equivalents	(275.9)	(497.8)
Cash and cash equivalents at beginning of period	1,097.4	1,435.8
Cash and cash equivalents at end of period	821.5	938
Supplemental cash flow disclosures:
Interest paid	128.9	80.1
Income taxes paid	$ 304	$ 24.1

Description of Business and Org

Description of Business and Organization	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Organization	Description of Business and Organization Restaurant Brands International Limited Partnership (“Partnership”, “we”, “us” or “our”) was formed on August 25, 2014 as a general partnership and was registered on October 27, 2014 as a limited partnership in accordance with the laws of the Province of Ontario. We franchise and operate quick service restaurants serving premium coffee and other beverage and food products under the Tim Hortons ® brand (“Tim Hortons” or “TH”), fast food hamburgers principally under the Burger King ® brand (“Burger King” or “BK”), and chicken under the Popeyes ® brand (“Popeyes” or “PLK”). We are one of the world’s largest quick service restaurant, or QSR, companies as measured by total number of restaurants. As of March 31, 2018 , we franchised or owned 4,774 Tim Hortons restaurants, 16,859 Burger King restaurants, and 2,926 Popeyes restaurants, for a total of 24,559 restaurants, and operate in more than 100 countries and U.S. territories. Approximately 100% of current system-wide restaurants are franchised. We are a subsidiary of Restaurant Brands International Inc. (“RBI”). RBI is our sole general partner, and as such, RBI has the exclusive right, power and authority to manage, control, administer and operate the business and affairs and to make decisions regarding the undertaking and business of Partnership in accordance with the partnership agreement of Partnership (“partnership agreement”) and applicable laws. All references to “$” or “dollars” are to the currency of the United States unless otherwise indicated. All references to Canadian dollars or C$ are to the currency of Canada unless otherwise indicated.

Basis of Presentation and Conso

Basis of Presentation and Consolidation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation We have prepared the accompanying unaudited condensed consolidated financial statements (the “Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. Therefore, the Financial Statements should be read in conjunction with the audited consolidated financial statements contained in our Annual Report on Form 10-K filed with the SEC and Canadian securities regulatory authorities on February 23, 2018. The Financial Statements include our accounts and the accounts of entities in which we have a controlling financial interest, the usual condition of which is ownership of a majority voting interest. All material intercompany balances and transactions have been eliminated in consolidation. Investments in other affiliates that are owned 50% or less where we have significant influence are accounted for by the equity method. We also consider for consolidation entities in which we have certain interests, where the controlling financial interest may be achieved through arrangements that do not involve voting interests. Such an entity, known as a variable interest entity (“VIE”), is required to be consolidated by its primary beneficiary. Tim Hortons has historically entered into certain arrangements in which an operator acquires the right to operate a restaurant, but Tim Hortons owns the restaurant’s assets. We perform an analysis to determine if the legal entity in which operations are conducted is a VIE and consolidate a VIE entity if we also determine Tim Hortons is the entity’s primary beneficiary (“Restaurant VIEs”). As of March 31, 2018 and December 31, 2017 , we determined that we are the primary beneficiary of 23 and 31 Restaurant VIEs, respectively. As Tim Hortons, Burger King, and Popeyes 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 are not necessarily indicative of the results that may be expected for any other interim period or for the full year. The preparation of consolidated financial statements in conformity with U.S. GAAP and related rules and regulations of the SEC requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. Certain prior year amounts in the accompanying Financial Statements and notes to the Financial Statements have been reclassified in order to be comparable with the current year classifications. These consist of the December 31, 2017 reclassification of Advertising fund restricted assets to Cash and cash equivalents, Accounts and notes receivable, net and Prepaids and other current assets and the reclassification of Advertising fund liabilities to Accounts and drafts payable and Other accrued liabilities as detailed below (in millions). These reclassifications had no effect on previously reported net income. December 31, 2017 December 31, 2017 As Reported Reclassification As Adjusted Current assets: Cash and cash equivalents $ 1,073.4 $ 24.0 $ 1,097.4 Accounts and notes receivable, net 455.9 32.9 488.8 Inventories, net 78.0 — 78.0 Advertising fund restricted assets 83.3 (83.3 ) — Prepaids and other current assets 59.0 26.4 85.4 Total current assets $ 1,749.6 $ — $ 1,749.6 Current liabilities: Accounts and drafts payable $ 412.9 $ 83.3 $ 496.2 Other accrued liabilities 838.2 27.5 865.7 Gift card liability 214.9 — 214.9 Advertising fund liabilities 110.8 (110.8 ) — Current portion of long term debt and capital leases 78.2 — 78.2 Total current liabilities $ 1,655.0 $ — $ 1,655.0

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Revenue Recognition – In May 2014, the Financial Accounting Standards Board (the “FASB”) issued a new single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. We adopted this new guidance on January 1, 2018. See Note 4, Revenue Recognition , for further information about our transition to this new revenue recognition model using the modified retrospective transition method. Lease Accounting – In February 2016, the FASB issued new guidance on leases. The new guidance requires lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by finance and operating leases with lease terms of more than 12 months, as well as enhanced disclosures, and is effective commencing in 2019. The amendment required a modified retrospective transition approach with application in all comparative periods presented. In March 2018, the FASB approved an amendment to permit a company to use its effective date as the date of initial application without restating comparative period financial statements. We expect this new guidance to cause a material increase to our assets and liabilities on our consolidated balance sheet since we have a significant number of operating lease arrangements for which we are the lessee. We are currently evaluating the impact that adoption of this guidance will have on our consolidated statements of operations and the transition approach to use. We do not expect the adoption of this new guidance to have a material impact on our cash flows and liquidity. Goodwill Impairment – In January 2017, the FASB issued guidance to simplify how an entity measures goodwill impairment by removing the second step of the two-step quantitative goodwill impairment test. An entity will no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured at the amount by which the carrying value exceeds the fair value of a reporting unit; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendment requires prospective adoption and is effective commencing in 2020 with early adoption permitted. Hedge Accounting – In August 2017, the FASB issued an accounting standards update to improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities and simplify the application of hedge accounting by preparers. We adopted this guidance on January 1, 2018 (the “Adoption Date”). The new guidance eliminates the requirement to separately measure and report hedge ineffectiveness for cash flow and net investment hedges that are deemed effective. Most notably, for our cross-currency swaps designated as net investment hedges, the new guidance permits the exclusion of the interest component (the “Excluded Component”) from the accounting hedge without affecting net investment hedge designation. The initial value of the Excluded Component may be recognized in earnings on a systematic and rational basis over the life of the derivative instrument. Subsequent to the Adoption Date, we changed the method of assessing effectiveness for net investment hedges using derivatives from the forward method to the spot method. We de-designated the cross currency-swaps and re-designated them as of March 15, 2018 (the "Re-designation Date"). As a result of adopting the new guidance and the re-designation of our cross- currency-swaps, we will recognize a benefit from the amortization of the initial value of the Excluded Component as a component of Interest expense, net in our condensed consolidated statements of operations rather than as a component of other comprehensive income. All changes in fair value of the instruments related to currency fluctuations will continue to be recognized within other comprehensive income. The impact of adoption did not have a material effect on our Financial Statements as of the Adoption Date. We recorded a $3.6 million net benefit to Interest expense, net from the Re-designation Date through March 31, 2018 in our condensed consolidated statements of operations for the amortization of the initial value of the Excluded Component, as described above. We believe the new guidance better portrays the economic results of our risk management activities and net investment hedges in our Financial Statements. Reclassification of Certain Tax Effects – In February 2018, the FASB issued guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for the tax effects of items within accumulated other comprehensive income. The amendment is effective commencing in 2019 with early adoption permitted. We are currently evaluating the impact that the adoption of this new guidance will have on our Financial Statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue from Contracts with Customers We transitioned to FASB Accounting Standards Codification (“ASC”) Topic 606, Revenue From Contracts with Customers (“ASC 606”), from ASC Topic 605, Revenue Recognition and ASC Subtopic 952-605, Franchisors - Revenue Recognition (together, the “Previous Standards”) on January 1, 2018 using the modified retrospective transition method. Our Financial Statements reflect the application of ASC 606 guidance beginning in 2018, while our consolidated financial statements for prior periods were prepared under the guidance of Previous Standards. The $249.8 million cumulative effect of our transition to ASC 606 is reflected as an adjustment to January 1, 2018 Partners' capital. Our transition to ASC 606 represents a change in accounting principle. ASC 606 eliminates industry-specific guidance and provides a single revenue recognition model for recognizing revenue from contracts with customers. The core principle of ASC 606 is that a reporting 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 reporting entity expects to be entitled for the exchange of those goods or services. Revenue Recognition Significant Accounting Policies under ASC 606 Our revenues are comprised of sales and franchise and property revenues, which are detailed as follows: Sales Sales consist primarily of supply chain sales, which represent sales of products, supplies and restaurant equipment to franchisees, as well as sales to retailers. Orders placed by customers specify the goods to be delivered and transaction prices for supply chain sales. Revenue is recognized upon transfer of control over ordered items, generally upon delivery to the customer, which is when the customer obtains physical possession of the goods, legal title is transferred, the customer has all risks and rewards of ownership and an obligation to pay for the goods is created. Shipping and handling costs associated with outbound freight for supply chain sales after control of a product has transferred to a customer are accounted for as a fulfillment costs and classified as cost of sales. Commencing on January 1, 2018, we classify all sales of restaurant equipment to franchisees as Sales and related cost of equipment sold as Cost of sales. In periods prior to January 1, 2018, we classified sales of restaurant equipment at establishment of a restaurant and in connection with renewal or renovation as Franchise and property revenues and related costs as Franchise and property expense. To a much lesser extent, sales also include Company restaurant sales (including Restaurant VIEs), which consist of sales to restaurant guests. Revenue from Company restaurant sales is recognized at the point of sale. Taxes assessed by a governmental authority that we collect are excluded from revenue. Franchise and Property Revenues Franchise revenues Franchise revenues consist primarily of royalties, advertising fund contributions, initial and renewal franchise fees and upfront fees from development agreements and master franchise and development agreements (“MFDAs”). Our performance obligations under franchise agreements consist of (a) a franchise license, including a license to use one of our brands and, where our subsidiaries manage an advertising fund, advertising and promotion management, (b) pre-opening services, such as training and inspections, and (c) ongoing services, such as development of training materials and menu items and restaurant monitoring and inspections. These performance obligations are highly interrelated so we do not consider them to be individually distinct and therefore account for them under ASC 606 as a single performance obligation, which is satisfied by providing a right to use our intellectual property over the term of each franchise agreement. Royalties, including franchisee contributions to advertising funds managed by our subsidiaries, are calculated as a percentage of franchise restaurant sales over the term of the franchise agreement. Under our franchise agreements, advertising contributions paid by franchisees must be spent on advertising, product development, marketing and related activities. Initial and renewal franchise fees are payable by the franchisee upon a new restaurant opening or renewal of an existing franchise agreement. Our franchise agreement royalties, inclusive of advertising fund contributions, represent sales-based royalties that are related entirely to our performance obligation under the franchise agreement and are recognized as franchise sales occur. Additionally, under ASC 606, initial and renewal franchise fees are recognized as revenue on a straight-line basis over the term of the respective agreement. Under the Previous Standards, initial franchise fees were recognized as revenue when the related restaurant commenced operations and our completion of all material services and conditions. Renewal franchise fees were recognized as revenue upon execution of a new franchise agreement. Our performance obligation under development agreements other than MFDAs generally consists of an obligation to grant exclusive development rights over a stated term. These development rights are not distinct from franchise agreements, so upfront fees paid by franchisees for exclusive development rights are deferred and apportioned to each franchise restaurant opened by the franchisee. The pro rata amount apportioned to each restaurant is accounted for as an initial franchise fee. We have a distinct performance obligation under our MFDAs to grant subfranchising rights over a stated term. Under the terms of MFDAs, we typically either receive an upfront fee paid in cash or receive noncash consideration in the form of an equity interest in the master franchisee or an affiliate of the master franchisee. We previously accounted for noncash consideration as a nonmonetary exchange and did not record revenue or a basis in the equity interest received in arrangements where we received noncash consideration. These transactions now fall within the scope of ASC 606, which requires us to record investments in the applicable equity method investee and recognize revenue in an amount equal to the fair value of the equity interest received. Upfront fees from master franchisees, including the fair value of noncash consideration, are deferred and amortized over the MFDA term on a straight-line basis. The portion of gift cards sold to customers which are never redeemed is commonly referred to as gift card breakage. Under ASC 606, we recognize gift card breakage income proportionately as each gift card is redeemed using an estimated breakage rate based on our historical experience. Under the Previous Standards, we recognized gift card breakage income for each gift card's remaining balance when redemption of that balance was deemed remote. Property Revenues Property revenues are accounted for in accordance with applicable accounting guidance for leases and are excluded from the scope of ASC 606. See Note 2, Significant Accounting Policies , to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 for our property revenue accounting policies. Contract Liabilities Contract liabilities consist of deferred revenue resulting from initial and renewal franchise fees paid by franchisees, as well as upfront fees paid by master franchisees, which are generally recognized on a straight-line basis over the term of the underlying agreement. We classify these contract liabilities as Other liabilities, net in our condensed consolidated balance sheets. The following table reflects the change in contract liabilities between the date of adoption (January 1, 2018) and March 31, 2018 (in millions): Contract Liabilities Balance at January 1, 2018 $ 455.0 Revenue recognized that was included in the contract liability balance at the beginning of the year (12.2 ) Increase, excluding amounts recognized as revenue during the period 14.3 Impact of foreign currency translation 0.6 Balance at March 31, 2018 $ 457.7 The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2018 (in millions): Contract liabilities expected to be recognized in Amount 2018 $ 24.7 2019 32.4 2020 31.7 2021 31.1 2022 30.4 Thereafter 307.4 Total $ 457.7 Disaggregation of Total Revenues Total revenues consist of the following (in millions): Three Months Ended 2018 2017 Sales $ 547.8 $ 550.4 Royalties 510.4 242.0 Property revenues 177.8 175.0 Franchise fees and other revenue 17.8 33.2 Total revenues $ 1,253.8 $ 1,000.6 Financial Statement Impact of Transition to ASC 606 As noted above, we transitioned to ASC 606 using the modified retrospective method on January 1, 2018. The cumulative effect of this transition to applicable contracts with customers that were not completed as of January 1, 2018 was recorded as an adjustment to Partners' capital as of this date. As a result of applying the modified retrospective method to transition to ASC 606, the following adjustments were made to the consolidated balance sheet as of January 1, 2018 (in millions): As Reported Total Adjusted December 31, 2017 Adjustments January 1, 2018 ASSETS Current assets: Cash and cash equivalents $ 1,097.4 $ — $ 1,097.4 Accounts and notes receivable, net 488.8 — 488.8 Inventories, net 78.0 — 78.0 Prepaids and other current assets 85.4 (23.0 ) 62.4 Total current assets 1,749.6 (23.0 ) 1,726.6 Property and equipment, net 2,133.3 — 2,133.3 Intangible assets, net 11,062.2 — 11,062.2 Goodwill 5,782.3 — 5,782.3 Net investment in property leased to franchisees 71.3 — 71.3 Other assets, net 425.2 106.6 531.8 Total assets $ 21,223.9 $ 83.6 $ 21,307.5 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 496.2 $ — $ 496.2 Other accrued liabilities 865.7 8.9 874.6 Gift card liability 214.9 (43.0 ) 171.9 Current portion of long term debt and capital leases 78.2 — 78.2 Total current liabilities 1,655.0 (34.1 ) 1,620.9 Term debt, net of current portion 11,800.9 — 11,800.9 Capital leases, net of current portion 243.8 — 243.8 Other liabilities, net 1,455.1 425.7 1,880.8 Deferred income taxes, net 1,508.1 (58.2 ) 1,449.9 Total liabilities 16,662.9 333.4 16,996.3 Partners' capital Class A common units 4,167.5 (132.0 ) 4,035.5 Partnership exchangeable units 1,276.4 (117.8 ) 1,158.6 Accumulated other comprehensive income (loss) (884.3 ) — (884.3 ) Total Partners' capital 4,559.6 (249.8 ) 4,309.8 Noncontrolling interests 1.4 — 1.4 Total equity 4,561.0 (249.8 ) 4,311.2 Total liabilities and equity $ 21,223.9 $ 83.6 $ 21,307.5 Franchise Fees The cumulative adjustment for franchise fees consists of the following: • A $320.7 million increase in Other liabilities, net for the cumulative reversal and deferral of previously recognized franchise fees related to franchise agreements in effect at January 1, 2018 that were entered into subsequent to the acquisitions of BK in 2010, TH in 2014 and PLK in 2017 (net of the cumulative revenue attributable for the period through January 1, 2018), with a corresponding decrease to Partners' capital. • A $106.6 million increase in Other assets, net for the previously unrecognized value of equity interests received in connection with MFDA arrangements. This increase resulted in a corresponding increase in Other liabilities, net of $105.0 million and an adjustment to Partners' capital of $1.6 million for the cumulative effect of revenue attributable for the period between the inception of each such arrangement and January 1, 2018. • A $67.1 million decrease to Deferred income taxes, net for the tax effects of the two adjustments noted above, with a corresponding increase to Partners' capital. Advertising Funds The cumulative adjustment for advertising funds reflects the recognition of cumulative advertising expenditures temporarily in excess of cumulative advertising fund contributions as of January 1, 2018, which is reflected as a $23.0 million decrease in Prepaids and other current assets and a $23.0 million decrease to Partners’ capital. Gift Card Breakage The adjustment for gift card breakage reflects the impact of the change to recognize gift card breakage proportionately as gift card balances are used rather than when it is deemed remote that the unused gift card balance would be redeemed, as done under the Previous Standards. The cumulative effect of applying ASC 606 accounting to gift card balances outstanding at January 1, 2018 is reflected as a $43.0 million decrease in Gift card liability, an $8.9 million increase in Other accrued liabilities, an $8.9 million increase in Deferred income taxes, net and a $25.2 million increase in January 1, 2018 Partners' capital. Comparison to Amounts if Previous Standards Had Been in Effect The following tables reflect the impact of adoption of ASC 606 on our condensed consolidated statements of operations and cash flows from operating activities for the three months ended March 31, 2018 and our condensed consolidated balance sheet as of March 31, 2018 and the amounts as if the Previous Standards were in effect (“Amounts Under Previous Standards”) (in millions): Condensed Consolidated Statement of Operations Total Amounts Under As Reported Adjustments Previous Standards Revenues: Sales $ 547.8 $ — $ 547.8 Franchise and property revenues 706.0 (182.0 ) 524.0 Total revenues 1,253.8 (182.0 ) 1,071.8 Operating costs and expenses: Cost of sales 429.1 — 429.1 Franchise and property expenses 104.4 (0.2 ) 104.2 Selling, general and administrative expenses 301.3 (190.5 ) 110.8 (Income) loss from equity method investments (14.3 ) — (14.3 ) Other operating expenses (income), net 12.7 — 12.7 Total operating costs and expenses 833.2 (190.7 ) 642.5 Income from operations 420.6 8.7 429.3 Interest expense, net 140.1 0.5 140.6 Income before income taxes 280.5 8.2 288.7 Income tax expense 1.7 2.1 3.8 Net income 278.8 6.1 284.9 Net income attributable to noncontrolling interests 0.2 — 0.2 Net income attributable to common unitholders $ 278.6 $ 6.1 $ 284.7 Earnings per unit - basic and diluted: Class A common units $ 0.73 $ 0.75 Partnership exchangeable units $ 0.60 $ 0.61 Condensed Consolidated Statement of Cash Flows Total Amounts Under As Reported Adjustments Previous Standards Cash flows from operating activities: Net income $ 278.8 $ 6.1 $ 284.9 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Depreciation and amortization 47.0 — 47.0 Amortization of deferred financing costs and debt issuance discount 7.2 — 7.2 (Income) loss from equity method investments (14.3 ) — (14.3 ) Loss (gain) on remeasurement of foreign denominated transactions 16.4 — 16.4 Net losses on derivatives 1.9 — 1.9 Share-based compensation expense 13.3 — 13.3 Deferred income taxes (19.0 ) 2.1 (16.9 ) Other 3.7 — 3.7 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 15.4 — 15.4 Inventories and prepaids and other current assets (7.0 ) (4.7 ) (11.7 ) Accounts and drafts payable (72.8 ) 1.9 (70.9 ) Other accrued liabilities and gift card liability (374.7 ) (0.9 ) (375.6 ) Other long-term assets and liabilities (37.8 ) (4.5 ) (42.3 ) Net cash (used for) provided by operating activities $ (141.9 ) $ — $ (141.9 ) Condensed Consolidated Balance Sheet Total As Reported Adjustments Previous Standards ASSETS Current assets: Cash and cash equivalents $ 821.5 $ — $ 821.5 Accounts and notes receivable, net 467.6 — 467.6 Inventories, net 74.6 — 74.6 Prepaids and other current assets 87.8 27.7 115.5 Total current assets 1,451.5 27.7 1,479.2 Property and equipment, net 2,072.7 — 2,072.7 Intangible assets, net 10,904.6 — 10,904.6 Goodwill 5,693.5 — 5,693.5 Net investment in property leased to franchisees 66.9 — 66.9 Other assets, net 570.7 (106.6 ) 464.1 Total assets $ 20,759.9 $ (78.9 ) $ 20,681.0 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 416.4 $ 1.9 $ 418.3 Other accrued liabilities 636.6 (10.4 ) 626.2 Gift card liability 107.3 43.6 150.9 Current portion of long term debt and capital leases 78.8 — 78.8 Total current liabilities 1,239.1 35.1 1,274.2 Term debt, net of current portion 11,788.1 — 11,788.1 Capital leases, net of current portion 236.6 — 236.6 Other liabilities, net 1,820.4 (430.2 ) 1,390.2 Deferred income taxes, net 1,432.9 60.3 1,493.2 Total liabilities 16,517.1 (334.8 ) 16,182.3 Partners' capital Class A common units 4,117.2 136.6 4,253.8 Partnership exchangeable units 1,189.7 119.3 1,309.0 Accumulated other comprehensive income (loss) (1,066.6 ) — (1,066.6 ) Total Partners' capital 4,240.3 255.9 4,496.2 Noncontrolling interests 2.5 — 2.5 Total equity 4,242.8 255.9 4,498.7 Total liabilities and equity $ 20,759.9 $ (78.9 ) $ 20,681.0 The following summarizes the adjustments to our condensed consolidated statement of operations for the three months ended March 31, 2018 to reflect our condensed consolidated statement of operations as if we had continued to recognize revenue under the Previous Standards: • As described above, our transition to ASC 606 resulted in the deferral of franchise fees, recognition of franchise fees in connection with MFDAs where we received an equity interest in the equity method investee, and a change in the timing of recognizing gift card breakage income. The adjustments for the three months ended March 31, 2018 to reflect the recognition of this revenue as if the Previous Standards were in effect consists of a $3.9 million increase in Franchise and property revenue and a $1.1 million increase in Income tax expense. • As described above, under the Previous Standards our statement of operations did not reflect gross presentations of advertising fund revenue and expenses. Our transition to ASC 606 requires the presentation of advertising fund contributions and advertising fund expenses on a gross basis. The adjustments for the three months ended March 31, 2018 to reflect advertising fund contributions and expenses as if the Previous Standards were in effect consist of a $185.9 million decrease in Franchise and property revenues, a $0.2 million decrease in Franchise and property expenses, a $190.5 million decrease in Selling, general and administrative expenses, a $0.5 million increase in Interest expense, net and a $1.0 million increase in Income tax expense. The transition to ASC 606 had no net impact on our cash used for operating activities and no impact on our cash provided by investing activities or cash used for financing activities during the three months ended March 31, 2018 .

Earnings per Unit

Earnings per Unit	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings per Unit	Earnings per Unit Partnership uses the two-class method in the computation of earnings per unit. Pursuant to the terms of the partnership agreement, RBI, as the holder of the Class A common units, is entitled to receive distributions from Partnership in an amount equal to the aggregate dividends payable by RBI to holders of RBI common shares, and the holders of Class B exchangeable limited partnership units (the “Partnership exchangeable units”) are entitled to receive distributions from Partnership in an amount per unit equal to the dividends payable by RBI on each RBI common share. Partnership’s net income available to common unitholders is allocated between the Class A common units and Partnership exchangeable units on a fully-distributed basis and reflects residual net income after noncontrolling interests and Partnership preferred unit distributions. Basic and diluted earnings per Class A common unit is determined by dividing net income allocated to Class A common unit holders by the weighted average number of Class A common units outstanding for the period. Basic and diluted earnings per Partnership exchangeable unit is determined by dividing net income allocated to the Partnership exchangeable units by the weighted average number of Partnership exchangeable units outstanding during the period. There are no dilutive securities for Partnership as RBI equity awards will not affect the number of Class A common units or Partnership exchangeable units outstanding. However, the issuance of shares by RBI in future periods will affect the allocation of net income attributable to common unitholders between Partnership’s Class A common units and Partnership exchangeable units. The following table summarizes the basic and diluted earnings per unit calculations (in millions, except per unit amounts): Three Months Ended 2018 2017 Allocation of net income among partner interests: Net income allocated to Class A common unitholders $ 147.8 $ 50.2 Net income allocated to Partnership exchangeable unitholders 130.8 48.5 Net income attributable to common unitholders $ 278.6 $ 98.7 Denominator - basic and diluted partnership units: Weighted average Class A common units 202.0 202.0 Weighted average Partnership exchangeable units 217.7 226.9 Earnings per unit - basic and diluted: Class A common units $ 0.73 $ 0.25 Partnership exchangeable units $ 0.60 $ 0.21

Intangible Assets, net and Good

Intangible Assets, net and Goodwill	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net and Goodwill	Intangible Assets, net and Goodwill Intangible assets, net and goodwill consist of the following (in millions): As of March 31, 2018 December 31, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 724.7 $ (176.5 ) $ 548.2 $ 724.7 $ (168.0 ) $ 556.7 Favorable leases 448.4 (200.8 ) 247.6 455.7 (193.7 ) 262.0 Subtotal 1,173.1 (377.3 ) 795.8 1,180.4 (361.7 ) 818.7 Indefinite lived intangible assets: Tim Hortons brand $ 6,574.3 $ — $ 6,574.3 $ 6,727.1 $ — $ 6,727.1 Burger King brand 2,179.6 — 2,179.6 2,161.5 — 2,161.5 Popeyes brand 1,354.9 — 1,354.9 1,354.9 — 1,354.9 Subtotal 10,108.8 — 10,108.8 10,243.5 — 10,243.5 Intangible assets, net $ 10,904.6 $ 11,062.2 Goodwill Tim Hortons segment $ 4,232.0 $ 4,325.8 Burger King segment 615.7 610.7 Popeyes segment 845.8 845.8 Total $ 5,693.5 $ 5,782.3 Amortization expense on intangible assets totaled $18.0 million for the three months ended March 31, 2018 and $17.5 million for the same period in the prior year. The change in the brands and goodwill balances during the three months ended March 31, 2018 was due to the impact of foreign currency translation.

Equity Method Investments

Equity Method Investments	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments The aggregate carrying amount of our equity method investments was $272.2 million and $155.1 million as of March 31, 2018 and December 31, 2017 , respectively, and is included as a component of Other assets, net in our accompanying condensed consolidated balance sheets. The increase in the carrying amount of our equity method investments as of March 31, 2018 compared to December 31, 2017 is primarily attributable to the recognition of investments received in connection with master franchise and development arrangements as a result of our transition to ASC 606. See Note 4, Revenue Recognition . TH and BK both have equity method investments. PLK does not have any equity method investments. With respect to our TH business, the most significant equity method investment is our 50% joint venture interest with The Wendy’s Company (the “TIMWEN Partnership”), which jointly holds real estate underlying Canadian combination restaurants. Distributions received from this joint venture were $2.9 million and $2.4 million during the three months ended March 31, 2018 and 2017 , respectively. The aggregate market value of our 20.7% equity interest in Carrols Restaurant Group, Inc. (“Carrols”) based on the quoted market price on March 31, 2018 was approximately $105.4 million . The aggregate market value of our 10.1% equity interest in BK Brasil Operação e Assessoria a Restaurantes S.A. based on the quoted market price on March 31, 2018 was approximately $107.6 million . No quoted market prices are available for our other equity method investments. We have equity interests in entities that own or franchise Tim Hortons or Burger King restaurants. Franchise and property revenues recognized from franchisees that are owned or franchised by entities in which we have an equity interest consist of the following (in millions): Three Months Ended 2018 2017 Revenues from affiliates: Royalties $ 68.2 $ 38.5 Property revenues 8.8 6.3 Franchise fees and other revenue 2.3 5.7 Total $ 79.3 $ 50.5 We recognized $4.5 million and $4.5 million of rent expense associated with the TIMWEN Partnership during the three months ended March 31, 2018 and 2017 , respectively. At March 31, 2018 and December 31, 2017 , we had $33.5 million and $31.9 million , respectively, of accounts receivable, net from our equity method investments which were recorded in accounts and notes receivable, net in our condensed consolidated balance sheets. (Income) loss from equity method investments reflects our share of investee net income or loss, non-cash dilution gains or losses from changes in our ownership interests in equity method investees and basis difference amortization. During the three months ended March 31, 2018 we recorded an increase to the carrying value of our equity method investment balance and a non-cash dilution gain of $20.4 million on the initial public offering by one of our equity method investees.

Other Accrued Liabilities and O

Other Accrued Liabilities and Other Liabilities, net	3 Months Ended
	Mar. 31, 2018
Other Liabilities Disclosure [Abstract]
Other Accrued Liabilities and Other Liabilities, net	Other Accrued Liabilities and Other Liabilities, net Other accrued liabilities (current) and other liabilities, net (noncurrent) consist of the following (in millions): As of March 31, 2018 December 31, 2017 Current: Dividend payable $ 210.0 $ 96.9 Interest payable 93.0 88.6 Accrued compensation and benefits 36.6 66.6 Taxes payable 112.3 401.0 Deferred income 28.7 42.9 Accrued advertising expenses 27.9 27.5 Closed property reserve 12.4 10.8 Restructuring and other provisions 11.2 12.0 Other 104.5 119.4 Other accrued liabilities $ 636.6 $ 865.7 Noncurrent: Derivatives liabilities $ 458.1 $ 498.5 Taxes payable 478.3 495.6 Contract liabilities, net 457.7 10.0 Unfavorable leases 236.9 251.8 Accrued pension 70.3 72.0 Accrued lease straight-lining liability 48.5 46.4 Deferred income 23.6 27.4 Other 47.0 53.4 Other liabilities, net $ 1,820.4 $ 1,455.1

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in millions): As of March 31, 2018 December 31, 2017 Term Loan Facility (due February 17, 2024) $ 6,372.6 $ 6,388.7 2017 4.25% Senior Notes (due May 15, 2024) 1,500.0 1,500.0 2015 4.625% Senior Notes (due January 15, 2022) 1,250.0 1,250.0 2017 5.00% Senior Notes (due October 15, 2025) 2,800.0 2,800.0 Other 85.2 89.1 Less: unamortized deferred financing costs and deferred issue discount (163.1 ) (170.1 ) Total debt, net 11,844.7 11,857.7 Less: current maturities of debt (56.6 ) (56.8 ) Total long-term debt $ 11,788.1 $ 11,800.9 Revolving Credit Facility As of March 31, 2018 , we had no amounts outstanding under our senior secured revolving credit facility (the "Revolving Credit Facility"). Funds available under the Revolving Credit Facility may be used to repay other debt, finance debt or share repurchases, 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 thereunder by the cumulative amount of outstanding letters of credit. As of March 31, 2018 , we had $4.6 million of letters of credit issued against the Revolving Credit Facility, and our borrowing availability was $495.4 million . Fair Value Measurement The fair value of our variable rate term debt and senior notes is estimated using inputs based on bid and offer prices that are Level 2 inputs and was $11.7 billion and $12.0 billion at March 31, 2018 and December 31, 2017 , respectively, compared to a principal carrying amount of $11.9 billion and $11.9 billion , respectively, on the same dates. Interest Expense, net Interest expense, net consists of the following (in millions): Three Months Ended 2018 2017 Debt $ 129.4 $ 100.0 Capital lease obligations 6.1 5.0 Amortization of deferred financing costs and debt issuance discount 7.2 8.5 Interest income (2.6 ) (2.1 ) Interest expense, net $ 140.1 $ 111.4

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate was 0.6% for the three months ended March 31, 2018 . The effective tax rate during this period was primarily a result of benefits from stock option exercises that reduced the effective tax rate by 22.7% and the benefit from reserve releases due to audit settlements. Our effective tax rate was 18.5% for the three months ended March 31, 2017 . The effective tax rate during this period was primarily a result of the mix of income from multiple tax jurisdictions, the favorable impact of our financing structure and benefits from stock option exercises that reduced the effective tax rate by 3.9% , partially offset by non-deductible transaction related costs.

Equity

Equity	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Equity	Equity During the three months ended March 31, 2018 , Partnership exchanged 29,432 Partnership exchangeable units pursuant to exchange notices received. In accordance with the terms of the partnership agreement, Partnership satisfied the exchange notices by exchanging these Partnership exchangeable units for the same number of newly issued RBI common shares. The issuances of shares was accounted for as a capital contribution by RBI to Partnership. The exchanges of Partnership exchangeable units were recorded as increases to the Class A common units balance within partner’s capital in our consolidated balance sheet in an amount equal to the market value of the newly issued RBI common shares and a reduction to the Partnership exchangeable units balance within partner’s capital of our consolidated balance sheet in an amount equal to the cash paid by Partnership and the market value of the newly issued RBI common shares. Pursuant to the terms of the partnership agreement, upon the exchange of Partnership exchangeable units, each such Partnership exchangeable unit was cancelled concurrently with the exchange. Accumulated Other Comprehensive Income (Loss) The following table displays the changes in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions): Derivatives Pensions Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) Balances at December 31, 2017 $ 176.8 $ (28.8 ) $ (1,032.3 ) $ (884.3 ) Foreign currency translation adjustment — — (215.6 ) (215.6 ) Net change in fair value of derivatives, net of tax 27.4 — — 27.4 Amounts reclassified to earnings of cash flow hedges, net of tax 5.7 — — 5.7 Pension and post-retirement benefit plans, net of tax — 0.2 — 0.2 Balances at March 31, 2018 $ 209.9 $ (28.6 ) $ (1,247.9 ) $ (1,066.6 )

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Disclosures about Derivative Instruments and Hedging Activities We enter into derivative instruments for risk management purposes, including derivatives designated as cash flow hedges, derivatives designated as net investment hedges and those utilized as economic hedges. We use derivatives to manage our exposure to fluctuations in interest rates and currency exchange rates. Interest Rate Swaps During 2015, we entered into a series of receive-variable, pay- fixed interest rate swaps with a notional value of $2,500.0 million to hedge the variability in the interest payments on a portion of our senior secured term loan facility (the "Term Loan Facility") beginning May 28, 2015 through the expiration of the final swap on March 31, 2021 , resetting each March 31. At inception, these interest rate swaps were designated as cash flow hedges for hedge accounting. The unrealized changes in market value are recorded in AOCI and reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. During 2015, we settled certain interest rate swaps and recognized a net unrealized loss of $84.6 million in AOCI at the date of settlement. This amount will be 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, 2018 that we expect to be reclassified into interest expense within the next 12 months is $12.3 million . Cross-Currency Rate Swaps To protect the value of our investments in our foreign operations against adverse changes in foreign currency exchange rates, we hedge a portion of our net investment in one or more of our foreign subsidiaries by using cross-currency rate swaps. At March 31, 2018 , we had outstanding cross-currency rate swap contracts between the Canadian dollar and U.S. dollar and the Euro and U.S. dollar that have been designated as net investment hedges of a portion of our equity in foreign operations in those currencies. The component of the gains and losses on our net investment in these designated foreign operations driven by changes in foreign exchange rates are economically 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. We terminated and settled our previous cross-currency rate swaps in June 2017, with an aggregate notional value of $5,000.0 million , between the Canadian dollar and U.S. dollar. In connection with this termination, we received $763.5 million which was reflected as a source of cash provided by investing activities in the condensed consolidated statement of cash flows. The unrealized gains totaled $533.4 million , net of tax, as of the termination date and will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. Additionally, we entered into new fixed-to-fixed cross-currency rate swaps to partially hedge the net investment in our Canadian subsidiaries. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as net investment hedges. These swaps are contracts to exchange quarterly fixed-rate interest payments we make on the Canadian dollar notional amount of C$6,753.5 million for quarterly fixed-rate interest payments we receive on the U.S. dollar notional amount of $5,000.0 million through the maturity date of June 30, 2023 . In making such changes, we effectively realigned our Canadian dollar hedges to reflect our current cash flow mix and capital structure maturity profile. At March 31, 2018 , we also had outstanding a cross-currency rate swap in which we pay quarterly fixed-rate interest payments on the Euro notional value of €1,107.8 million and receive quarterly fixed-rate interest payments on the U.S. dollar notional value 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. The fixed to fixed cross-currency rate swaps hedging Canadian dollar and Euro net investments utilized the forward method of effectiveness assessment prior to March 15, 2018. On March 15, 2018, we dedesignated and subsequently redesignated the outstanding fixed to fixed cross-currency rate swaps to prospectively use the spot method of hedge effectiveness assessment. We also elected to amortize the excluded component over the life of the derivative instrument. The amortization of the excluded component is recognized in Interest expense, net in the condensed consolidated statement of operations. The change in fair value that is not related to the excluded component is recorded in AOCI and will be reclassified to earnings when the foreign subsidiaries are sold or substantially liquidated. See Note 3, New Accounting Pronouncements , for further information on the adoption of this new guidance. Foreign Currency Exchange Contracts We use foreign exchange derivative instruments to manage the impact of foreign exchange fluctuations on U.S. dollar purchases and payments, such as coffee purchases made by our Canadian Tim Hortons operations. At March 31, 2018 , 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 $188.0 million with maturities to July 2019 . We have designated these instruments as cash flow hedges, and as such, the unrealized changes in market value of effective hedges are recorded in AOCI and are reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Credit Risk By entering into derivative contracts, we are exposed to counterparty credit risk. Counterparty credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is in an asset position, the counterparty has a liability to us, which creates credit risk for us. We attempt to minimize this risk by selecting counterparties with investment grade credit ratings and regularly monitoring our market position with each counterparty. Credit-Risk Related Contingent Features Our derivative instruments do not contain any credit-risk related contingent features. Quantitative Disclosures about Derivative Instruments and Fair Value Measurements The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions): Gain or (Loss) Recognized in Other Comprehensive Income (Loss) Three Months Ended March 31, 2018 2017 Derivatives designated as cash flow hedges (1) Interest rate swaps $ 28.7 $ (5.0 ) Forward-currency contracts $ 5.3 $ 1.5 Derivatives designated as net investment hedges Cross-currency rate swaps $ 11.1 $ (54.2 ) (1) We did not exclude any components from the cash flow hedge relationships presented in this table. Location of Gain or (Loss) Reclassified from AOCI into Earnings Gain or (Loss) Reclassified from AOCI into Earnings Three Months Ended March 31, 2018 2017 Derivatives designated as cash flow hedges (1) Interest rate swaps Interest expense, net $ (5.5 ) $ (5.9 ) Forward-currency contracts Cost of sales $ (2.3 ) $ 0.9 Location of Gain or (Loss) Recognized in Earnings (Amount Excluded from Effectiveness Testing) Gain or (Loss) Recognized in Earnings (Amount Excluded from Effectiveness Testing) Three Months Ended March 31, 2018 2017 Derivatives designated as net investment hedges Cross-currency rate swaps Interest expense, net $ 3.6 $ — Fair Value as of March 31, 2018 December 31, 2017 Balance Sheet Location Assets: Derivatives designated as cash flow hedges Foreign currency $ 4.2 $ 0.5 Prepaids and other current assets Total assets at fair value $ 4.2 $ 0.5 Liabilities: Derivatives designated as cash flow hedges Interest rate $ 10.9 $ 42.1 Other liabilities, net Foreign currency 1.2 5.1 Other accrued liabilities Derivatives designated as net investment hedges Foreign currency 447.2 456.4 Other liabilities, net Total liabilities at fair value $ 459.3 $ 503.6

Other Operating Expenses (Incom

Other Operating Expenses (Income), net	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
Other Operating Expenses (Income), net	Other Operating Expenses (Income), net Other operating expenses (income), net consist of the following (in millions): Three Months Ended 2018 2017 Net losses (gains) on disposal of assets, restaurant closures, and refranchisings $ 1.7 $ 2.9 Litigation settlements (gains) and reserves, net (6.1 ) — Net losses (gains) on foreign exchange 16.4 10.4 Other, net 0.7 0.5 Other operating expenses (income), net $ 12.7 $ 13.8 Net losses (gains) on disposal of assets, restaurant closures, and refranchisings represent sales of properties and other costs related to restaurant closures and refranchisings. Gains and losses recognized in the current period may reflect certain costs related to closures and refranchisings that occurred in previous periods. The current year litigation settlement gain primarily reflects proceeds received from the successful resolution of a legacy BK litigation. Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation From time to time, we are involved in legal proceedings arising in the ordinary course of business relating to matters including, but not limited to, disputes with franchisees, suppliers, employees and customers, as well as disputes over our intellectual property. On June 19, 2017, a claim was filed in the Ontario Superior Court of Justice. The plaintiff, a franchisee of two Tim Hortons restaurants, seeks to certify a class of all persons who have carried on business as a Tim Hortons franchisee in Canada at any time after December 15, 2014. The claim alleges various causes of action against the defendants in relation to the purported misuse of amounts paid by members of the proposed class to the Tim Hortons Canada advertising fund (the “Ad Fund”). The plaintiff seeks to have the Ad Fund franchisee contributions held in trust for the benefit of members of the proposed class, an accounting of the Ad Fund, as well as damages for breach of contract, breach of trust, breach of the statutory duty of fair dealing, and breach of fiduciary duties. On October 6, 2017, a claim was filed in the Ontario Superior Court of Justice. The plaintiffs, two franchisees of Tim Hortons restaurants, seek to certify a class of all persons who have carried on business as a Tim Hortons franchisee at any time after March 8, 2017. The claim alleges various causes of action against the defendants in relation to the purported adverse treatment of member and potential member franchisees of the Great White North Franchisee Association. The plaintiffs seek damages for, among other things, breach of contract, breach of the statutory duty of fair dealing, and breach of the franchisees’ statutory right of association. While we believe the claims are without merit and we intend to vigorously defend against both lawsuits, we are unable to predict the ultimate outcome of these cases or estimate the range of possible loss, if any.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting As stated in Note 1, Description of Business and Organization , we manage three brands. Under the Tim Hortons brand, we operate in the donut/coffee/tea category of the quick service segment of the restaurant industry. Under the Burger King brand, we operate in the fast food hamburger restaurant category of the quick service segment of the restaurant industry. Under the Popeyes brand, we operate in the chicken category of the quick service segment of the restaurant industry. Our business generates revenue from the following sources: (i) franchise revenues, consisting primarily of royalties based on a percentage of sales reported by franchise restaurants and franchise fees paid by franchisees; (ii) property revenues from properties we lease or sublease to franchisees; and (iii) sales at Company restaurants. In addition, our TH business generates revenue from sales to franchisees related to our supply chain operations, including manufacturing, procurement, warehousing and distribution, as well as sales to retailers. Each brand is managed by a brand president that reports directly to our Chief Executive Officer, who is our Chief Operating Decision Maker. Therefore, we have three operating segments: (1) TH, which includes all operations of our Tim Hortons brand, (2) BK, which includes all operations of our Burger King brand, and (3) PLK, which includes all operations of our Popeyes brand. Our three operating segments represent our reportable segments. As stated in Note 4, Revenue Recognition , we transitioned to ASC 606 on January 1, 2018 using the modified retrospective transition method. Our Financial Statements reflect the application of ASC 606 guidance beginning in 2018, while our Financial Statements for prior periods were prepared under the guidance of Previous Standards. For comparability purposes, we have disclosed 2018 total revenues by operating segment under Previous Standards as well as segment income with a reconciliation to net income under Previous Standards. See Note 4, Revenue Recognition , for further details of the effects of this change in accounting principle on total revenues and net income. The following table presents revenues, by segment and by country (in millions): Three Months Ended March 31, 2018 As Reported 2018 Amounts Under Previous Standards 2017 Revenues by operating segment: TH $ 763.5 $ 711.8 $ 733.6 BK 389.9 292.8 267.0 PLK 100.4 67.2 — Total revenues $ 1,253.8 $ 1,071.8 $ 1,000.6 Three Months Ended 2018 2017 Revenues by country (a): Canada $ 692.4 $ 657.0 United States 420.7 232.4 Other 140.7 111.2 Total revenues $ 1,253.8 $ 1,000.6 (a) Only Canada and the United States represented 10% or more of our total revenues in each period presented. Our measure of segment income is Adjusted EBITDA. Adjusted EBITDA represents earnings (net income or loss) before interest expense, net, (gain) loss on early extinguishment of debt, income tax expense, and depreciation and amortization, adjusted to exclude the non-cash impact of share-based compensation and non-cash incentive compensation expense and (income) loss from equity method investments, net of cash distributions received from equity method investments, as well as other operating expenses (income), net. Other specifically identified costs associated with non-recurring projects are also excluded from Adjusted EBITDA, including fees and expenses associated with the Popeyes Acquisition (“PLK Transaction costs”), and Corporate restructuring and tax advisory fees related to the interpretation and implementation of comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act enacted by the U.S. government on December 22, 2017. Adjusted EBITDA is used by management to measure operating performance of the business, excluding these non-cash and other specifically identified items that management believes are not relevant to management’s assessment of operating performance or the performance of an acquired business. A reconciliation of segment income to net income (loss) consists of the following (in millions): Three Months Ended March 31, 2018 As Reported 2018 Amounts Under Previous Standards 2017 Segment income: TH $ 245.2 $ 250.5 $ 256.2 BK 214.1 215.0 187.1 PLK 38.5 40.8 — Adjusted EBITDA 497.8 506.3 443.3 Share-based compensation and non-cash incentive compensation expense 15.3 15.3 18.5 PLK Transaction costs 5.1 5.1 34.4 Corporate restructuring and tax advisory fees 7.1 7.1 — Impact of equity method investments (a) (10.0 ) (10.0 ) (2.9 ) Other operating expenses (income), net 12.7 12.7 13.8 EBITDA 467.6 476.1 379.5 Depreciation and amortization 47.0 46.8 43.3 Income from operations 420.6 429.3 336.2 Interest expense, net 140.1 140.6 111.4 Loss on early extinguishment of debt — — 20.4 Income tax expense 1.7 3.8 37.8 Net income $ 278.8 $ 284.9 $ 166.6 (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, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Information	Supplemental Financial Information On February 17, 2017, 1011778 B.C. Unlimited Liability Company (the “Parent Issuer”) and New Red Finance Inc. (the “Co-Issuer” and together with the Parent Issuer, the “Issuers”) entered into an amended credit agreement that provides for obligations under the Credit Facilities. On August 28, 2017, the Issuers entered into the 2017 5.00% Senior Notes Indenture with respect to the 2017 5.00% Senior Notes. On May 17, 2017, the Issuers entered into the 2017 4.25% Senior Notes Indenture with respect to the 2017 4.25% Senior Notes. On May 22, 2015, the Issuers entered into the 2015 4.625% Senior Notes Indenture with respect to the 2015 4.625% Senior Notes. The agreement governing our Credit Facilities, the 2017 5.00% Senior Notes Indenture, 2017 4.25% Senior Notes Indenture and the 2015 4.625% Senior Notes Indenture allow the financial reporting obligation of the Parent Issuer to be satisfied through the reporting of Partnership’s consolidated financial information, provided that the consolidated financial information of the Parent Issuer and its restricted subsidiaries is presented on a standalone basis. The following represents the condensed consolidating financial information for the Parent Issuer and its restricted subsidiaries (“Consolidated Borrowers”) on a consolidated basis, together with eliminations, as of and for the periods indicated. The condensed consolidating financial information of Partnership is combined with the financial information of its wholly-owned subsidiaries that are also parent entities of the Parent Issuer and presented in a single column under the heading “RBILP”. The consolidating financial information may not necessarily be indicative of the financial position, results of operations or cash flows had the Issuers and Partnership operated as independent entities. RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of March 31, 2018 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 821.5 $ — $ — $ 821.5 Accounts and notes receivable, net 467.6 — — 467.6 Inventories, net 74.6 — — 74.6 Prepaids and other current assets 87.8 — — 87.8 Total current assets 1,451.5 — — 1,451.5 Property and equipment, net 2,072.7 — — 2,072.7 Intangible assets, net 10,904.6 — — 10,904.6 Goodwill 5,693.5 — — 5,693.5 Net investment in property leased to franchisees 66.9 — — 66.9 Intercompany receivable — 210.0 (210.0 ) — Investment in subsidiaries — 4,242.8 (4,242.8 ) — Other assets, net 570.7 — — 570.7 Total assets $ 20,759.9 $ 4,452.8 $ (4,452.8 ) $ 20,759.9 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 416.4 $ — $ — $ 416.4 Other accrued liabilities 426.6 210.0 — 636.6 Gift card liability 107.3 — — 107.3 Current portion of long term debt and capital leases 78.8 — — 78.8 Total current liabilities 1,029.1 210.0 — 1,239.1 Term debt, net of current portion 11,788.1 — — 11,788.1 Capital leases, net of current portion 236.6 — — 236.6 Other liabilities, net 1,820.4 — — 1,820.4 Payables to affiliates 210.0 — (210.0 ) — Deferred income taxes, net 1,432.9 — — 1,432.9 Total liabilities 16,517.1 210.0 (210.0 ) 16,517.1 Partners’ capital: Class A common units — 4,117.2 — 4,117.2 Partnership exchangeable units — 1,189.7 — 1,189.7 Common shares 3,560.0 — (3,560.0 ) — Retained Earnings 1,746.9 — (1,746.9 ) — Accumulated other comprehensive income (loss) (1,066.6 ) (1,066.6 ) 1,066.6 (1,066.6 ) Total Partners' capital/shareholders' equity 4,240.3 4,240.3 (4,240.3 ) 4,240.3 Noncontrolling interests 2.5 2.5 (2.5 ) 2.5 Total equity 4,242.8 4,242.8 (4,242.8 ) 4,242.8 Total liabilities and equity $ 20,759.9 $ 4,452.8 $ (4,452.8 ) $ 20,759.9 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of December 31, 2017 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,097.4 $ — $ — $ 1,097.4 Accounts and notes receivable, net 488.8 — — 488.8 Inventories, net 78.0 — — 78.0 Prepaids and other current assets 85.4 — — 85.4 Total current assets 1,749.6 — — 1,749.6 Property and equipment, net 2,133.3 — — 2,133.3 Intangible assets, net 11,062.2 — — 11,062.2 Goodwill 5,782.3 — — 5,782.3 Net investment in property leased to franchisees 71.3 — — 71.3 Intercompany receivable — 96.9 (96.9 ) — Investment in subsidiaries — 4,561.0 (4,561.0 ) — Other assets, net 425.2 — — 425.2 Total assets $ 21,223.9 $ 4,657.9 $ (4,657.9 ) $ 21,223.9 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 496.2 $ — $ — $ 496.2 Other accrued liabilities 768.8 96.9 — 865.7 Gift card liability 214.9 — — 214.9 Current portion of long term debt and capital leases 78.2 — — 78.2 Total current liabilities 1,558.1 96.9 — 1,655.0 Term debt, net of current portion 11,800.9 — — 11,800.9 Capital leases, net of current portion 243.8 — — 243.8 Other liabilities, net 1,455.1 — — 1,455.1 Payables to affiliates 96.9 — (96.9 ) — Deferred income taxes, net 1,508.1 — — 1,508.1 Total liabilities 16,662.9 96.9 (96.9 ) 16,662.9 Partners’ capital: Class A common units — 4,167.5 — 4,167.5 Partnership exchangeable units — 1,276.4 — 1,276.4 Common shares 3,515.7 — (3,515.7 ) — Retained Earnings 1,928.2 — (1,928.2 ) — Accumulated other comprehensive income (loss) (884.3 ) (884.3 ) 884.3 (884.3 ) Total Partners' capital/shareholders' equity 4,559.6 4,559.6 (4,559.6 ) 4,559.6 Noncontrolling interests 1.4 1.4 (1.4 ) 1.4 Total equity 4,561.0 4,561.0 (4,561.0 ) 4,561.0 Total liabilities and equity $ 21,223.9 $ 4,657.9 $ (4,657.9 ) $ 21,223.9 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended March 31, 2018 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 547.8 $ — $ — $ 547.8 Franchise and property revenues 706.0 — — 706.0 Total revenues 1,253.8 — — 1,253.8 Operating costs and expenses: Cost of sales 429.1 — — 429.1 Franchise and property expenses 104.4 — — 104.4 Selling, general and administrative expenses 301.3 — — 301.3 (Income) loss from equity method investments (14.3 ) — — (14.3 ) Other operating expenses (income), net 12.7 — — 12.7 Total operating costs and expenses 833.2 — — 833.2 Income from operations 420.6 — — 420.6 Interest expense, net 140.1 — — 140.1 Income before income taxes 280.5 — — 280.5 Income tax expense 1.7 — — 1.7 Net income 278.8 — — 278.8 Equity in earnings of consolidated subsidiaries — 278.8 (278.8 ) — Net income (loss) 278.8 278.8 (278.8 ) 278.8 Net income (loss) attributable to noncontrolling interests 0.2 0.2 (0.2 ) 0.2 Net income (loss) attributable to common unitholders $ 278.6 $ 278.6 $ (278.6 ) $ 278.6 Comprehensive income (loss) $ 96.5 $ 96.5 $ (96.5 ) $ 96.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended March 31, 2017 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 550.4 $ — $ — $ 550.4 Franchise and property revenues 450.2 — — 450.2 Total revenues 1,000.6 — — 1,000.6 Operating costs and expenses: Cost of sales 423.4 — — 423.4 Franchise and property expenses 111.0 — — 111.0 Selling, general and administrative expenses 121.9 — — 121.9 (Income) loss from equity method investments (5.7 ) — — (5.7 ) Other operating expenses (income), net 13.8 — — 13.8 Total operating costs and expenses 664.4 — — 664.4 Income from operations 336.2 — — 336.2 Interest expense, net 111.4 — — 111.4 Loss on early extinguishment of debt 20.4 — — 20.4 Income before income taxes 204.4 — — 204.4 Income tax expense 37.8 — — 37.8 Net income 166.6 — — 166.6 Equity in earnings of consolidated subsidiaries — 166.6 (166.6 ) — Net income (loss) 166.6 166.6 (166.6 ) 166.6 Net income (loss) attributable to noncontrolling interests 0.4 0.4 (0.4 ) 0.4 Partnership preferred unit distributions — 67.5 — 67.5 Net income (loss) attributable to common unitholders $ 166.2 $ 98.7 $ (166.2 ) $ 98.7 Comprehensive income (loss) $ 229.7 $ 229.7 $ (229.7 ) $ 229.7 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Three months ended March 31, 2018 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 278.8 $ 278.8 $ (278.8 ) $ 278.8 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (278.8 ) 278.8 — Depreciation and amortization 47.0 — — 47.0 Amortization of deferred financing costs and debt issuance discount 7.2 — — 7.2 (Income) loss from equity method investments (14.3 ) — — (14.3 ) Loss (gain) on remeasurement of foreign denominated transactions 16.4 — — 16.4 Net losses on derivatives 1.9 — — 1.9 Share-based compensation expense 13.3 — — 13.3 Deferred income taxes (19.0 ) — — (19.0 ) Other 3.7 — — 3.7 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 15.4 — — 15.4 Inventories and prepaids and other current assets (7.0 ) — — (7.0 ) Accounts and drafts payable (72.8 ) — — (72.8 ) Other accrued liabilities and gift card liability (374.7 ) — — (374.7 ) Other long-term assets and liabilities (37.8 ) — — (37.8 ) Net cash (used for) provided by operating activities (141.9 ) — — (141.9 ) Cash flows from investing activities: Payments for property and equipment (7.0 ) — — (7.0 ) Proceeds from disposal of assets, restaurant closures, and refranchisings 1.6 — — 1.6 Return of investment on direct financing leases 4.2 — — 4.2 Settlement/sale of derivatives, net 3.0 — — 3.0 Other investing activities, net 0.1 — — 0.1 Net cash provided by (used for) investing activities 1.9 — — 1.9 Cash flows from financing activities: Repayments of long-term debt and capital leases (21.7 ) — — (21.7 ) Distributions on common, preferred and Partnership exchangeable units — (96.9 ) — (96.9 ) Payments in connection with repurchase of partnership preferred units — (33.6 ) — (33.6 ) Capital contribution from RBI Inc. 25.2 — — 25.2 Distributions from subsidiaries (130.5 ) 130.5 — — Other financing activities, net (0.6 ) — — (0.6 ) Net cash provided by (used for) financing activities (127.6 ) — — (127.6 ) Effect of exchange rates on cash and cash equivalents (8.3 ) — — (8.3 ) Increase (decrease) in cash and cash equivalents (275.9 ) — — (275.9 ) Cash and cash equivalents at beginning of period 1,097.4 — — 1,097.4 Cash and cash equivalents at end of period $ 821.5 $ — $ — $ 821.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Three Months Ended March 31, 2017 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 166.6 $ 166.6 $ (166.6 ) $ 166.6 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (166.6 ) 166.6 — Depreciation and amortization 43.4 — — 43.4 Premiums paid and non-cash loss on extinguishment of debt 17.9 — — 17.9 Amortization of deferred financing costs and debt issuance discount 8.5 — — 8.5 (Income) loss from equity method investments (5.7 ) — — (5.7 ) Loss (gain) on remeasurement of foreign denominated transactions 10.4 — — 10.4 Net losses on derivatives 5.8 — — 5.8 Share-based compensation expense 16.5 — — 16.5 Deferred income taxes 15.3 — — 15.3 Other 3.6 — — 3.6 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 47.8 — — 47.8 Inventories and prepaids and other current assets 7.8 — — 7.8 Accounts and drafts payable 38.9 — — 38.9 Other accrued liabilities and gift card liability (82.6 ) — — (82.6 ) Other long-term assets and liabilities 20.1 — — 20.1 Net cash provided by operating activities 314.3 — — 314.3 Cash flows from investing activities: Payments for property and equipment (4.1 ) — — (4.1 ) Proceeds from disposal of assets, restaurant closures, and refranchisings 6.8 — — 6.8 Net payment for purchase of Popeyes, net of cash acquired (1,635.9 ) — — (1,635.9 ) Return of investment on direct financing leases 4.1 — — 4.1 Settlement/sale of derivatives, net 5.2 — — 5.2 Other investing activities, net (0.8 ) — — (0.8 ) Net cash provided by (used for) investing activities (1,624.7 ) — — (1,624.7 ) Cash flows from financing activities: Proceeds from issuance of long-term debt 1,300.0 — — 1,300.0 Repayments of long-term debt and capital leases (319.9 ) — — (319.9 ) Payment of financing costs (31.8 ) — — (31.8 ) Distributions on common, preferred and Partnership exchangeable units — (145.9 ) — (145.9 ) Capital contribution from RBI Inc. 8.0 — — 8.0 Distributions from subsidiaries (145.9 ) 145.9 — — Other financing activities, net (1.1 ) — — (1.1 ) Net cash provided by (used for) financing activities 809.3 — — 809.3 Effect of exchange rates on cash and cash equivalents 3.3 — — 3.3 Increase (decrease) in cash and cash equivalents (497.8 ) — (497.8 ) Cash and cash equivalents at beginning of period 1,435.8 — 1,435.8 Cash and cash equivalents at end of period $ 938.0 $ — $ — $ 938.0

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Event	Subsequent Events Cash Distributions/Dividends On April 2, 2018 , RBI paid a cash dividend of $0.45 per RBI common share to common shareholders of record on March 15, 2018 . Partnership made a distribution to RBI as holder of Class A common units in the amount of the aggregate dividends declared and paid by RBI on RBI common shares and also made a distribution in respect of each Partnership exchangeable unit in the amount of $0.45 per exchangeable unit to holders of record on March 15, 2018 . On April 24, 2018 , the RBI board of directors declared a cash dividend of $0.45 per RBI common share, which will be paid on July 3, 2018 to RBI common shareholders of record on May 15, 2018 . Partnership will make a distribution to RBI as holder of Class A common units in the amount of the aggregate dividends declared and paid by RBI on RBI common shares. Partnership will also make a distribution in respect of each Partnership exchangeable unit in the amount of $0.45 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.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	Revenue Recognition – In May 2014, the Financial Accounting Standards Board (the “FASB”) issued a new single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. We adopted this new guidance on January 1, 2018. See Note 4, Revenue Recognition , for further information about our transition to this new revenue recognition model using the modified retrospective transition method. Lease Accounting – In February 2016, the FASB issued new guidance on leases. The new guidance requires lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by finance and operating leases with lease terms of more than 12 months, as well as enhanced disclosures, and is effective commencing in 2019. The amendment required a modified retrospective transition approach with application in all comparative periods presented. In March 2018, the FASB approved an amendment to permit a company to use its effective date as the date of initial application without restating comparative period financial statements. We expect this new guidance to cause a material increase to our assets and liabilities on our consolidated balance sheet since we have a significant number of operating lease arrangements for which we are the lessee. We are currently evaluating the impact that adoption of this guidance will have on our consolidated statements of operations and the transition approach to use. We do not expect the adoption of this new guidance to have a material impact on our cash flows and liquidity. Goodwill Impairment – In January 2017, the FASB issued guidance to simplify how an entity measures goodwill impairment by removing the second step of the two-step quantitative goodwill impairment test. An entity will no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured at the amount by which the carrying value exceeds the fair value of a reporting unit; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendment requires prospective adoption and is effective commencing in 2020 with early adoption permitted. Hedge Accounting – In August 2017, the FASB issued an accounting standards update to improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities and simplify the application of hedge accounting by preparers. We adopted this guidance on January 1, 2018 (the “Adoption Date”). The new guidance eliminates the requirement to separately measure and report hedge ineffectiveness for cash flow and net investment hedges that are deemed effective. Most notably, for our cross-currency swaps designated as net investment hedges, the new guidance permits the exclusion of the interest component (the “Excluded Component”) from the accounting hedge without affecting net investment hedge designation. The initial value of the Excluded Component may be recognized in earnings on a systematic and rational basis over the life of the derivative instrument. Subsequent to the Adoption Date, we changed the method of assessing effectiveness for net investment hedges using derivatives from the forward method to the spot method. We de-designated the cross currency-swaps and re-designated them as of March 15, 2018 (the "Re-designation Date"). As a result of adopting the new guidance and the re-designation of our cross- currency-swaps, we will recognize a benefit from the amortization of the initial value of the Excluded Component as a component of Interest expense, net in our condensed consolidated statements of operations rather than as a component of other comprehensive income. All changes in fair value of the instruments related to currency fluctuations will continue to be recognized within other comprehensive income. The impact of adoption did not have a material effect on our Financial Statements as of the Adoption Date. We recorded a $3.6 million net benefit to Interest expense, net from the Re-designation Date through March 31, 2018 in our condensed consolidated statements of operations for the amortization of the initial value of the Excluded Component, as described above. We believe the new guidance better portrays the economic results of our risk management activities and net investment hedges in our Financial Statements. Reclassification of Certain Tax Effects – In February 2018, the FASB issued guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for the tax effects of items within accumulated other comprehensive income. The amendment is effective commencing in 2019 with early adoption permitted. We are currently evaluating the impact that the adoption of this new guidance will have on our Financial Statements.

Basis of Presentation and Con27

Basis of Presentation and Consolidation (Tables)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassification of certain assets	These consist of the December 31, 2017 reclassification of Advertising fund restricted assets to Cash and cash equivalents, Accounts and notes receivable, net and Prepaids and other current assets and the reclassification of Advertising fund liabilities to Accounts and drafts payable and Other accrued liabilities as detailed below (in millions). These reclassifications had no effect on previously reported net income. December 31, 2017 December 31, 2017 As Reported Reclassification As Adjusted Current assets: Cash and cash equivalents $ 1,073.4 $ 24.0 $ 1,097.4 Accounts and notes receivable, net 455.9 32.9 488.8 Inventories, net 78.0 — 78.0 Advertising fund restricted assets 83.3 (83.3 ) — Prepaids and other current assets 59.0 26.4 85.4 Total current assets $ 1,749.6 $ — $ 1,749.6 Current liabilities: Accounts and drafts payable $ 412.9 $ 83.3 $ 496.2 Other accrued liabilities 838.2 27.5 865.7 Gift card liability 214.9 — 214.9 Advertising fund liabilities 110.8 (110.8 ) — Current portion of long term debt and capital leases 78.2 — 78.2 Total current liabilities $ 1,655.0 $ — $ 1,655.0

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Change in contract liabilities	The following table reflects the change in contract liabilities between the date of adoption (January 1, 2018) and March 31, 2018 (in millions): Contract Liabilities Balance at January 1, 2018 $ 455.0 Revenue recognized that was included in the contract liability balance at the beginning of the year (12.2 ) Increase, excluding amounts recognized as revenue during the period 14.3 Impact of foreign currency translation 0.6 Balance at March 31, 2018 $ 457.7
Schedule of estimated revenues expected to be recognized	The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2018 (in millions): Contract liabilities expected to be recognized in Amount 2018 $ 24.7 2019 32.4 2020 31.7 2021 31.1 2022 30.4 Thereafter 307.4 Total $ 457.7
Disaggregation of total revenues	Total revenues consist of the following (in millions): Three Months Ended 2018 2017 Sales $ 547.8 $ 550.4 Royalties 510.4 242.0 Property revenues 177.8 175.0 Franchise fees and other revenue 17.8 33.2 Total revenues $ 1,253.8 $ 1,000.6
Schedule of balance sheet adjustments	Condensed Consolidated Balance Sheet Total As Reported Adjustments Previous Standards ASSETS Current assets: Cash and cash equivalents $ 821.5 $ — $ 821.5 Accounts and notes receivable, net 467.6 — 467.6 Inventories, net 74.6 — 74.6 Prepaids and other current assets 87.8 27.7 115.5 Total current assets 1,451.5 27.7 1,479.2 Property and equipment, net 2,072.7 — 2,072.7 Intangible assets, net 10,904.6 — 10,904.6 Goodwill 5,693.5 — 5,693.5 Net investment in property leased to franchisees 66.9 — 66.9 Other assets, net 570.7 (106.6 ) 464.1 Total assets $ 20,759.9 $ (78.9 ) $ 20,681.0 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 416.4 $ 1.9 $ 418.3 Other accrued liabilities 636.6 (10.4 ) 626.2 Gift card liability 107.3 43.6 150.9 Current portion of long term debt and capital leases 78.8 — 78.8 Total current liabilities 1,239.1 35.1 1,274.2 Term debt, net of current portion 11,788.1 — 11,788.1 Capital leases, net of current portion 236.6 — 236.6 Other liabilities, net 1,820.4 (430.2 ) 1,390.2 Deferred income taxes, net 1,432.9 60.3 1,493.2 Total liabilities 16,517.1 (334.8 ) 16,182.3 Partners' capital Class A common units 4,117.2 136.6 4,253.8 Partnership exchangeable units 1,189.7 119.3 1,309.0 Accumulated other comprehensive income (loss) (1,066.6 ) — (1,066.6 ) Total Partners' capital 4,240.3 255.9 4,496.2 Noncontrolling interests 2.5 — 2.5 Total equity 4,242.8 255.9 4,498.7 Total liabilities and equity $ 20,759.9 $ (78.9 ) $ 20,681.0 As a result of applying the modified retrospective method to transition to ASC 606, the following adjustments were made to the consolidated balance sheet as of January 1, 2018 (in millions): As Reported Total Adjusted December 31, 2017 Adjustments January 1, 2018 ASSETS Current assets: Cash and cash equivalents $ 1,097.4 $ — $ 1,097.4 Accounts and notes receivable, net 488.8 — 488.8 Inventories, net 78.0 — 78.0 Prepaids and other current assets 85.4 (23.0 ) 62.4 Total current assets 1,749.6 (23.0 ) 1,726.6 Property and equipment, net 2,133.3 — 2,133.3 Intangible assets, net 11,062.2 — 11,062.2 Goodwill 5,782.3 — 5,782.3 Net investment in property leased to franchisees 71.3 — 71.3 Other assets, net 425.2 106.6 531.8 Total assets $ 21,223.9 $ 83.6 $ 21,307.5 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 496.2 $ — $ 496.2 Other accrued liabilities 865.7 8.9 874.6 Gift card liability 214.9 (43.0 ) 171.9 Current portion of long term debt and capital leases 78.2 — 78.2 Total current liabilities 1,655.0 (34.1 ) 1,620.9 Term debt, net of current portion 11,800.9 — 11,800.9 Capital leases, net of current portion 243.8 — 243.8 Other liabilities, net 1,455.1 425.7 1,880.8 Deferred income taxes, net 1,508.1 (58.2 ) 1,449.9 Total liabilities 16,662.9 333.4 16,996.3 Partners' capital Class A common units 4,167.5 (132.0 ) 4,035.5 Partnership exchangeable units 1,276.4 (117.8 ) 1,158.6 Accumulated other comprehensive income (loss) (884.3 ) — (884.3 ) Total Partners' capital 4,559.6 (249.8 ) 4,309.8 Noncontrolling interests 1.4 — 1.4 Total equity 4,561.0 (249.8 ) 4,311.2 Total liabilities and equity $ 21,223.9 $ 83.6 $ 21,307.5
Schedule of income statement adjustments	The following tables reflect the impact of adoption of ASC 606 on our condensed consolidated statements of operations and cash flows from operating activities for the three months ended March 31, 2018 and our condensed consolidated balance sheet as of March 31, 2018 and the amounts as if the Previous Standards were in effect (“Amounts Under Previous Standards”) (in millions): Condensed Consolidated Statement of Operations Total Amounts Under As Reported Adjustments Previous Standards Revenues: Sales $ 547.8 $ — $ 547.8 Franchise and property revenues 706.0 (182.0 ) 524.0 Total revenues 1,253.8 (182.0 ) 1,071.8 Operating costs and expenses: Cost of sales 429.1 — 429.1 Franchise and property expenses 104.4 (0.2 ) 104.2 Selling, general and administrative expenses 301.3 (190.5 ) 110.8 (Income) loss from equity method investments (14.3 ) — (14.3 ) Other operating expenses (income), net 12.7 — 12.7 Total operating costs and expenses 833.2 (190.7 ) 642.5 Income from operations 420.6 8.7 429.3 Interest expense, net 140.1 0.5 140.6 Income before income taxes 280.5 8.2 288.7 Income tax expense 1.7 2.1 3.8 Net income 278.8 6.1 284.9 Net income attributable to noncontrolling interests 0.2 — 0.2 Net income attributable to common unitholders $ 278.6 $ 6.1 $ 284.7 Earnings per unit - basic and diluted: Class A common units $ 0.73 $ 0.75 Partnership exchangeable units $ 0.60 $ 0.61
Schedule of cash flow adjustments	Condensed Consolidated Statement of Cash Flows Total Amounts Under As Reported Adjustments Previous Standards Cash flows from operating activities: Net income $ 278.8 $ 6.1 $ 284.9 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Depreciation and amortization 47.0 — 47.0 Amortization of deferred financing costs and debt issuance discount 7.2 — 7.2 (Income) loss from equity method investments (14.3 ) — (14.3 ) Loss (gain) on remeasurement of foreign denominated transactions 16.4 — 16.4 Net losses on derivatives 1.9 — 1.9 Share-based compensation expense 13.3 — 13.3 Deferred income taxes (19.0 ) 2.1 (16.9 ) Other 3.7 — 3.7 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 15.4 — 15.4 Inventories and prepaids and other current assets (7.0 ) (4.7 ) (11.7 ) Accounts and drafts payable (72.8 ) 1.9 (70.9 ) Other accrued liabilities and gift card liability (374.7 ) (0.9 ) (375.6 ) Other long-term assets and liabilities (37.8 ) (4.5 ) (42.3 ) Net cash (used for) provided by operating activities $ (141.9 ) $ — $ (141.9 )

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2018
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 2018 2017 Allocation of net income among partner interests: Net income allocated to Class A common unitholders $ 147.8 $ 50.2 Net income allocated to Partnership exchangeable unitholders 130.8 48.5 Net income attributable to common unitholders $ 278.6 $ 98.7 Denominator - basic and diluted partnership units: Weighted average Class A common units 202.0 202.0 Weighted average Partnership exchangeable units 217.7 226.9 Earnings per unit - basic and diluted: Class A common units $ 0.73 $ 0.25 Partnership exchangeable units $ 0.60 $ 0.21

Intangible Assets, net and Go30

Intangible Assets, net and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 December 31, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 724.7 $ (176.5 ) $ 548.2 $ 724.7 $ (168.0 ) $ 556.7 Favorable leases 448.4 (200.8 ) 247.6 455.7 (193.7 ) 262.0 Subtotal 1,173.1 (377.3 ) 795.8 1,180.4 (361.7 ) 818.7 Indefinite lived intangible assets: Tim Hortons brand $ 6,574.3 $ — $ 6,574.3 $ 6,727.1 $ — $ 6,727.1 Burger King brand 2,179.6 — 2,179.6 2,161.5 — 2,161.5 Popeyes brand 1,354.9 — 1,354.9 1,354.9 — 1,354.9 Subtotal 10,108.8 — 10,108.8 10,243.5 — 10,243.5 Intangible assets, net $ 10,904.6 $ 11,062.2 Goodwill Tim Hortons segment $ 4,232.0 $ 4,325.8 Burger King segment 615.7 610.7 Popeyes segment 845.8 845.8 Total $ 5,693.5 $ 5,782.3

Equity Method Investments (Tabl

Equity Method Investments (Tables)	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Summary of Franchise and Property Revenues	We have equity interests in entities that own or franchise Tim Hortons or Burger King restaurants. Franchise and property revenues recognized from franchisees that are owned or franchised by entities in which we have an equity interest consist of the following (in millions): Three Months Ended 2018 2017 Revenues from affiliates: Royalties $ 68.2 $ 38.5 Property revenues 8.8 6.3 Franchise fees and other revenue 2.3 5.7 Total $ 79.3 $ 50.5

Other Accrued Liabilities and32

Other Accrued Liabilities and Other Liabilities, net (Tables)	3 Months Ended
	Mar. 31, 2018
Other Liabilities Disclosure [Abstract]
Schedule of Other Accrued Liabilities (Current) and Other Liabilities (NonCurrent), Net	Other accrued liabilities (current) and other liabilities, net (noncurrent) consist of the following (in millions): As of March 31, 2018 December 31, 2017 Current: Dividend payable $ 210.0 $ 96.9 Interest payable 93.0 88.6 Accrued compensation and benefits 36.6 66.6 Taxes payable 112.3 401.0 Deferred income 28.7 42.9 Accrued advertising expenses 27.9 27.5 Closed property reserve 12.4 10.8 Restructuring and other provisions 11.2 12.0 Other 104.5 119.4 Other accrued liabilities $ 636.6 $ 865.7 Noncurrent: Derivatives liabilities $ 458.1 $ 498.5 Taxes payable 478.3 495.6 Contract liabilities, net 457.7 10.0 Unfavorable leases 236.9 251.8 Accrued pension 70.3 72.0 Accrued lease straight-lining liability 48.5 46.4 Deferred income 23.6 27.4 Other 47.0 53.4 Other liabilities, net $ 1,820.4 $ 1,455.1

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consists of the following (in millions): As of March 31, 2018 December 31, 2017 Term Loan Facility (due February 17, 2024) $ 6,372.6 $ 6,388.7 2017 4.25% Senior Notes (due May 15, 2024) 1,500.0 1,500.0 2015 4.625% Senior Notes (due January 15, 2022) 1,250.0 1,250.0 2017 5.00% Senior Notes (due October 15, 2025) 2,800.0 2,800.0 Other 85.2 89.1 Less: unamortized deferred financing costs and deferred issue discount (163.1 ) (170.1 ) Total debt, net 11,844.7 11,857.7 Less: current maturities of debt (56.6 ) (56.8 ) Total long-term debt $ 11,788.1 $ 11,800.9
Schedule of Interest Expense, Net	Interest expense, net consists of the following (in millions): Three Months Ended 2018 2017 Debt $ 129.4 $ 100.0 Capital lease obligations 6.1 5.0 Amortization of deferred financing costs and debt issuance discount 7.2 8.5 Interest income (2.6 ) (2.1 ) Interest expense, net $ 140.1 $ 111.4

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Summary of Changes in the Components of Accumulated Other Comprehensive Income (Loss)	The following table displays the changes in the components of accumulated other comprehensive income (loss) (“AOCI”) (in millions): Derivatives Pensions Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) Balances at December 31, 2017 $ 176.8 $ (28.8 ) $ (1,032.3 ) $ (884.3 ) Foreign currency translation adjustment — — (215.6 ) (215.6 ) Net change in fair value of derivatives, net of tax 27.4 — — 27.4 Amounts reclassified to earnings of cash flow hedges, net of tax 5.7 — — 5.7 Pension and post-retirement benefit plans, net of tax — 0.2 — 0.2 Balances at March 31, 2018 $ 209.9 $ (28.6 ) $ (1,247.9 ) $ (1,066.6 )

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values	The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions): Gain or (Loss) Recognized in Other Comprehensive Income (Loss) Three Months Ended March 31, 2018 2017 Derivatives designated as cash flow hedges (1) Interest rate swaps $ 28.7 $ (5.0 ) Forward-currency contracts $ 5.3 $ 1.5 Derivatives designated as net investment hedges Cross-currency rate swaps $ 11.1 $ (54.2 ) (1) We did not exclude any components from the cash flow hedge relationships presented in this table. Location of Gain or (Loss) Reclassified from AOCI into Earnings Gain or (Loss) Reclassified from AOCI into Earnings Three Months Ended March 31, 2018 2017 Derivatives designated as cash flow hedges (1) Interest rate swaps Interest expense, net $ (5.5 ) $ (5.9 ) Forward-currency contracts Cost of sales $ (2.3 ) $ 0.9 Location of Gain or (Loss) Recognized in Earnings (Amount Excluded from Effectiveness Testing) Gain or (Loss) Recognized in Earnings (Amount Excluded from Effectiveness Testing) Three Months Ended March 31, 2018 2017 Derivatives designated as net investment hedges Cross-currency rate swaps Interest expense, net $ 3.6 $ —
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value as of March 31, 2018 December 31, 2017 Balance Sheet Location Assets: Derivatives designated as cash flow hedges Foreign currency $ 4.2 $ 0.5 Prepaids and other current assets Total assets at fair value $ 4.2 $ 0.5 Liabilities: Derivatives designated as cash flow hedges Interest rate $ 10.9 $ 42.1 Other liabilities, net Foreign currency 1.2 5.1 Other accrued liabilities Derivatives designated as net investment hedges Foreign currency 447.2 456.4 Other liabilities, net Total liabilities at fair value $ 459.3 $ 503.6

Other Operating Expenses (Inc36

Other Operating Expenses (Income), net (Tables)	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
Other Operating Expenses (Income), Net	Other operating expenses (income), net consist of the following (in millions): Three Months Ended 2018 2017 Net losses (gains) on disposal of assets, restaurant closures, and refranchisings $ 1.7 $ 2.9 Litigation settlements (gains) and reserves, net (6.1 ) — Net losses (gains) on foreign exchange 16.4 10.4 Other, net 0.7 0.5 Other operating expenses (income), net $ 12.7 $ 13.8

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Revenues by Geographic Segment	The following table presents revenues, by segment and by country (in millions): Three Months Ended March 31, 2018 As Reported 2018 Amounts Under Previous Standards 2017 Revenues by operating segment: TH $ 763.5 $ 711.8 $ 733.6 BK 389.9 292.8 267.0 PLK 100.4 67.2 — Total revenues $ 1,253.8 $ 1,071.8 $ 1,000.6 Three Months Ended 2018 2017 Revenues by country (a): Canada $ 692.4 $ 657.0 United States 420.7 232.4 Other 140.7 111.2 Total revenues $ 1,253.8 $ 1,000.6 (a) Only Canada and the United States represented 10% or more of our total revenues in each period presented.
Reconciliation of Segment Income to Net Income (Loss)	A reconciliation of segment income to net income (loss) consists of the following (in millions): Three Months Ended March 31, 2018 As Reported 2018 Amounts Under Previous Standards 2017 Segment income: TH $ 245.2 $ 250.5 $ 256.2 BK 214.1 215.0 187.1 PLK 38.5 40.8 — Adjusted EBITDA 497.8 506.3 443.3 Share-based compensation and non-cash incentive compensation expense 15.3 15.3 18.5 PLK Transaction costs 5.1 5.1 34.4 Corporate restructuring and tax advisory fees 7.1 7.1 — Impact of equity method investments (a) (10.0 ) (10.0 ) (2.9 ) Other operating expenses (income), net 12.7 12.7 13.8 EBITDA 467.6 476.1 379.5 Depreciation and amortization 47.0 46.8 43.3 Income from operations 420.6 429.3 336.2 Interest expense, net 140.1 140.6 111.4 Loss on early extinguishment of debt — — 20.4 Income tax expense 1.7 3.8 37.8 Net income $ 278.8 $ 284.9 $ 166.6 (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 Inform38

Supplemental Financial Information (Tables)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Condensed Consolidating Financial Statements	The following represents the condensed consolidating financial information for the Parent Issuer and its restricted subsidiaries (“Consolidated Borrowers”) on a consolidated basis, together with eliminations, as of and for the periods indicated. The condensed consolidating financial information of Partnership is combined with the financial information of its wholly-owned subsidiaries that are also parent entities of the Parent Issuer and presented in a single column under the heading “RBILP”. The consolidating financial information may not necessarily be indicative of the financial position, results of operations or cash flows had the Issuers and Partnership operated as independent entities. RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of March 31, 2018 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 821.5 $ — $ — $ 821.5 Accounts and notes receivable, net 467.6 — — 467.6 Inventories, net 74.6 — — 74.6 Prepaids and other current assets 87.8 — — 87.8 Total current assets 1,451.5 — — 1,451.5 Property and equipment, net 2,072.7 — — 2,072.7 Intangible assets, net 10,904.6 — — 10,904.6 Goodwill 5,693.5 — — 5,693.5 Net investment in property leased to franchisees 66.9 — — 66.9 Intercompany receivable — 210.0 (210.0 ) — Investment in subsidiaries — 4,242.8 (4,242.8 ) — Other assets, net 570.7 — — 570.7 Total assets $ 20,759.9 $ 4,452.8 $ (4,452.8 ) $ 20,759.9 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 416.4 $ — $ — $ 416.4 Other accrued liabilities 426.6 210.0 — 636.6 Gift card liability 107.3 — — 107.3 Current portion of long term debt and capital leases 78.8 — — 78.8 Total current liabilities 1,029.1 210.0 — 1,239.1 Term debt, net of current portion 11,788.1 — — 11,788.1 Capital leases, net of current portion 236.6 — — 236.6 Other liabilities, net 1,820.4 — — 1,820.4 Payables to affiliates 210.0 — (210.0 ) — Deferred income taxes, net 1,432.9 — — 1,432.9 Total liabilities 16,517.1 210.0 (210.0 ) 16,517.1 Partners’ capital: Class A common units — 4,117.2 — 4,117.2 Partnership exchangeable units — 1,189.7 — 1,189.7 Common shares 3,560.0 — (3,560.0 ) — Retained Earnings 1,746.9 — (1,746.9 ) — Accumulated other comprehensive income (loss) (1,066.6 ) (1,066.6 ) 1,066.6 (1,066.6 ) Total Partners' capital/shareholders' equity 4,240.3 4,240.3 (4,240.3 ) 4,240.3 Noncontrolling interests 2.5 2.5 (2.5 ) 2.5 Total equity 4,242.8 4,242.8 (4,242.8 ) 4,242.8 Total liabilities and equity $ 20,759.9 $ 4,452.8 $ (4,452.8 ) $ 20,759.9 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of December 31, 2017 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,097.4 $ — $ — $ 1,097.4 Accounts and notes receivable, net 488.8 — — 488.8 Inventories, net 78.0 — — 78.0 Prepaids and other current assets 85.4 — — 85.4 Total current assets 1,749.6 — — 1,749.6 Property and equipment, net 2,133.3 — — 2,133.3 Intangible assets, net 11,062.2 — — 11,062.2 Goodwill 5,782.3 — — 5,782.3 Net investment in property leased to franchisees 71.3 — — 71.3 Intercompany receivable — 96.9 (96.9 ) — Investment in subsidiaries — 4,561.0 (4,561.0 ) — Other assets, net 425.2 — — 425.2 Total assets $ 21,223.9 $ 4,657.9 $ (4,657.9 ) $ 21,223.9 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 496.2 $ — $ — $ 496.2 Other accrued liabilities 768.8 96.9 — 865.7 Gift card liability 214.9 — — 214.9 Current portion of long term debt and capital leases 78.2 — — 78.2 Total current liabilities 1,558.1 96.9 — 1,655.0 Term debt, net of current portion 11,800.9 — — 11,800.9 Capital leases, net of current portion 243.8 — — 243.8 Other liabilities, net 1,455.1 — — 1,455.1 Payables to affiliates 96.9 — (96.9 ) — Deferred income taxes, net 1,508.1 — — 1,508.1 Total liabilities 16,662.9 96.9 (96.9 ) 16,662.9 Partners’ capital: Class A common units — 4,167.5 — 4,167.5 Partnership exchangeable units — 1,276.4 — 1,276.4 Common shares 3,515.7 — (3,515.7 ) — Retained Earnings 1,928.2 — (1,928.2 ) — Accumulated other comprehensive income (loss) (884.3 ) (884.3 ) 884.3 (884.3 ) Total Partners' capital/shareholders' equity 4,559.6 4,559.6 (4,559.6 ) 4,559.6 Noncontrolling interests 1.4 1.4 (1.4 ) 1.4 Total equity 4,561.0 4,561.0 (4,561.0 ) 4,561.0 Total liabilities and equity $ 21,223.9 $ 4,657.9 $ (4,657.9 ) $ 21,223.9 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended March 31, 2018 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 547.8 $ — $ — $ 547.8 Franchise and property revenues 706.0 — — 706.0 Total revenues 1,253.8 — — 1,253.8 Operating costs and expenses: Cost of sales 429.1 — — 429.1 Franchise and property expenses 104.4 — — 104.4 Selling, general and administrative expenses 301.3 — — 301.3 (Income) loss from equity method investments (14.3 ) — — (14.3 ) Other operating expenses (income), net 12.7 — — 12.7 Total operating costs and expenses 833.2 — — 833.2 Income from operations 420.6 — — 420.6 Interest expense, net 140.1 — — 140.1 Income before income taxes 280.5 — — 280.5 Income tax expense 1.7 — — 1.7 Net income 278.8 — — 278.8 Equity in earnings of consolidated subsidiaries — 278.8 (278.8 ) — Net income (loss) 278.8 278.8 (278.8 ) 278.8 Net income (loss) attributable to noncontrolling interests 0.2 0.2 (0.2 ) 0.2 Net income (loss) attributable to common unitholders $ 278.6 $ 278.6 $ (278.6 ) $ 278.6 Comprehensive income (loss) $ 96.5 $ 96.5 $ (96.5 ) $ 96.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended March 31, 2017 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 550.4 $ — $ — $ 550.4 Franchise and property revenues 450.2 — — 450.2 Total revenues 1,000.6 — — 1,000.6 Operating costs and expenses: Cost of sales 423.4 — — 423.4 Franchise and property expenses 111.0 — — 111.0 Selling, general and administrative expenses 121.9 — — 121.9 (Income) loss from equity method investments (5.7 ) — — (5.7 ) Other operating expenses (income), net 13.8 — — 13.8 Total operating costs and expenses 664.4 — — 664.4 Income from operations 336.2 — — 336.2 Interest expense, net 111.4 — — 111.4 Loss on early extinguishment of debt 20.4 — — 20.4 Income before income taxes 204.4 — — 204.4 Income tax expense 37.8 — — 37.8 Net income 166.6 — — 166.6 Equity in earnings of consolidated subsidiaries — 166.6 (166.6 ) — Net income (loss) 166.6 166.6 (166.6 ) 166.6 Net income (loss) attributable to noncontrolling interests 0.4 0.4 (0.4 ) 0.4 Partnership preferred unit distributions — 67.5 — 67.5 Net income (loss) attributable to common unitholders $ 166.2 $ 98.7 $ (166.2 ) $ 98.7 Comprehensive income (loss) $ 229.7 $ 229.7 $ (229.7 ) $ 229.7 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Three months ended March 31, 2018 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 278.8 $ 278.8 $ (278.8 ) $ 278.8 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (278.8 ) 278.8 — Depreciation and amortization 47.0 — — 47.0 Amortization of deferred financing costs and debt issuance discount 7.2 — — 7.2 (Income) loss from equity method investments (14.3 ) — — (14.3 ) Loss (gain) on remeasurement of foreign denominated transactions 16.4 — — 16.4 Net losses on derivatives 1.9 — — 1.9 Share-based compensation expense 13.3 — — 13.3 Deferred income taxes (19.0 ) — — (19.0 ) Other 3.7 — — 3.7 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 15.4 — — 15.4 Inventories and prepaids and other current assets (7.0 ) — — (7.0 ) Accounts and drafts payable (72.8 ) — — (72.8 ) Other accrued liabilities and gift card liability (374.7 ) — — (374.7 ) Other long-term assets and liabilities (37.8 ) — — (37.8 ) Net cash (used for) provided by operating activities (141.9 ) — — (141.9 ) Cash flows from investing activities: Payments for property and equipment (7.0 ) — — (7.0 ) Proceeds from disposal of assets, restaurant closures, and refranchisings 1.6 — — 1.6 Return of investment on direct financing leases 4.2 — — 4.2 Settlement/sale of derivatives, net 3.0 — — 3.0 Other investing activities, net 0.1 — — 0.1 Net cash provided by (used for) investing activities 1.9 — — 1.9 Cash flows from financing activities: Repayments of long-term debt and capital leases (21.7 ) — — (21.7 ) Distributions on common, preferred and Partnership exchangeable units — (96.9 ) — (96.9 ) Payments in connection with repurchase of partnership preferred units — (33.6 ) — (33.6 ) Capital contribution from RBI Inc. 25.2 — — 25.2 Distributions from subsidiaries (130.5 ) 130.5 — — Other financing activities, net (0.6 ) — — (0.6 ) Net cash provided by (used for) financing activities (127.6 ) — — (127.6 ) Effect of exchange rates on cash and cash equivalents (8.3 ) — — (8.3 ) Increase (decrease) in cash and cash equivalents (275.9 ) — — (275.9 ) Cash and cash equivalents at beginning of period 1,097.4 — — 1,097.4 Cash and cash equivalents at end of period $ 821.5 $ — $ — $ 821.5 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Three Months Ended March 31, 2017 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 166.6 $ 166.6 $ (166.6 ) $ 166.6 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (166.6 ) 166.6 — Depreciation and amortization 43.4 — — 43.4 Premiums paid and non-cash loss on extinguishment of debt 17.9 — — 17.9 Amortization of deferred financing costs and debt issuance discount 8.5 — — 8.5 (Income) loss from equity method investments (5.7 ) — — (5.7 ) Loss (gain) on remeasurement of foreign denominated transactions 10.4 — — 10.4 Net losses on derivatives 5.8 — — 5.8 Share-based compensation expense 16.5 — — 16.5 Deferred income taxes 15.3 — — 15.3 Other 3.6 — — 3.6 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 47.8 — — 47.8 Inventories and prepaids and other current assets 7.8 — — 7.8 Accounts and drafts payable 38.9 — — 38.9 Other accrued liabilities and gift card liability (82.6 ) — — (82.6 ) Other long-term assets and liabilities 20.1 — — 20.1 Net cash provided by operating activities 314.3 — — 314.3 Cash flows from investing activities: Payments for property and equipment (4.1 ) — — (4.1 ) Proceeds from disposal of assets, restaurant closures, and refranchisings 6.8 — — 6.8 Net payment for purchase of Popeyes, net of cash acquired (1,635.9 ) — — (1,635.9 ) Return of investment on direct financing leases 4.1 — — 4.1 Settlement/sale of derivatives, net 5.2 — — 5.2 Other investing activities, net (0.8 ) — — (0.8 ) Net cash provided by (used for) investing activities (1,624.7 ) — — (1,624.7 ) Cash flows from financing activities: Proceeds from issuance of long-term debt 1,300.0 — — 1,300.0 Repayments of long-term debt and capital leases (319.9 ) — — (319.9 ) Payment of financing costs (31.8 ) — — (31.8 ) Distributions on common, preferred and Partnership exchangeable units — (145.9 ) — (145.9 ) Capital contribution from RBI Inc. 8.0 — — 8.0 Distributions from subsidiaries (145.9 ) 145.9 — — Other financing activities, net (1.1 ) — — (1.1 ) Net cash provided by (used for) financing activities 809.3 — — 809.3 Effect of exchange rates on cash and cash equivalents 3.3 — — 3.3 Increase (decrease) in cash and cash equivalents (497.8 ) — (497.8 ) Cash and cash equivalents at beginning of period 1,435.8 — 1,435.8 Cash and cash equivalents at end of period $ 938.0 $ — $ — $ 938.0

Description of Business and O39

Description of Business and Organization - Additional Information (Detail)	Mar. 31, 2018RestaurantCountry
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	24,559
Number of countries in which company and franchise restaurants operated (more than) | Country	100
Percentage of franchised Tim Hortons and Burger King restaurants	100.00%
Tim Hortons brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	4,774
Burger King brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	16,859
Popeyes brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	2,926

Basis of Presentation and Con40

Basis of Presentation and Consolidation - Additional Information (Detail) - Restaurant	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Summary Of Accounting Policies [Line Items]
Investment in other affiliates (or less)	50.00%
Restaurant VIEs
Summary Of Accounting Policies [Line Items]
Number of VIE consolidated restaurants	23	31

Basis of Presentation and Con41

Basis of Presentation and Consolidation - Reclassification of certain assets (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 821.5	$ 1,097.4	$ 938	$ 1,435.8
Accounts and notes receivable, net	467.6	488.8
Inventories, net	74.6	78
Advertising fund restricted assets		0
Prepaids and other current assets	87.8	85.4
Total current assets	1,451.5	1,749.6
Current liabilities:
Accounts and drafts payable	416.4	496.2
Other accrued liabilities	636.6	865.7
Gift card liability	107.3	214.9
Advertising fund liabilities		0
Current portion of long term debt and capital leases	78.8	78.2
Total current liabilities	$ 1,239.1	1,655
As Reported
Current assets:
Cash and cash equivalents		1,073.4
Accounts and notes receivable, net		455.9
Inventories, net		78
Advertising fund restricted assets		83.3
Prepaids and other current assets		59
Total current assets		1,749.6
Current liabilities:
Accounts and drafts payable		412.9
Other accrued liabilities		838.2
Gift card liability		214.9
Advertising fund liabilities		110.8
Current portion of long term debt and capital leases		78.2
Total current liabilities		1,655
Reclassification
Current assets:
Cash and cash equivalents		24
Accounts and notes receivable, net		32.9
Inventories, net		0
Advertising fund restricted assets		(83.3)
Prepaids and other current assets		26.4
Total current assets		0
Current liabilities:
Accounts and drafts payable		83.3
Other accrued liabilities		27.5
Gift card liability		0
Advertising fund liabilities		(110.8)
Current portion of long term debt and capital leases		0
Total current liabilities		$ 0

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017
Deferred Revenue Arrangement [Line Items]
Retained Earnings	$ 0			$ 0
Other liabilities, net	1,820.4			1,455.1
Other assets, net	570.7			425.2
Shareholders' Equity	4,242.8			4,561
Deferred income taxes, net	1,432.9			1,508.1
Prepaids and other current assets	87.8			85.4
Partners' Capital	4,240.3			4,559.6
Gift card liability	107.3			214.9
Other accrued liabilities	636.6			865.7
Franchise and property revenues	706	$ 450.2
Income tax expense	1.7	37.8
Selling, general and administrative expenses	301.3	121.9
Interest expense, net	140.1	$ 111.4
Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Selling, general and administrative expenses	(190.5)
Interest expense, net	0.5
Accounting Standards Update 2014-09
Deferred Revenue Arrangement [Line Items]
Other liabilities, net			$ 1,880.8
Other assets, net			531.8
Shareholders' Equity			4,311.2
Deferred income taxes, net			1,449.9
Prepaids and other current assets			62.4
Gift card liability			171.9
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Retained Earnings			249.8
Other liabilities, net	(430.2)			425.7
Other assets, net	(106.6)		106.6	106.6
Shareholders' Equity	255.9			(249.8)
Deferred income taxes, net	60.3			(58.2)
Prepaids and other current assets	27.7			(23)
Gift card liability	43.6			$ (43)
Franchise and property revenues	(182)
Income tax expense	2.1
Selling, general and administrative expenses	(190.5)
Interest expense, net	0.5
Franchise Fees | Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Franchise and property revenues	3.9
Income tax expense	1.1
Franchise Fees | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Other liabilities, net			320.7
Deferred income taxes, net			(67.1)
MFDA arrangements | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Other liabilities, net			105
Shareholders' Equity			1.6
Advertising Funds | Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Franchise and property revenues	(185.9)
Income tax expense	$ 1
Advertising Funds | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Shareholders' Equity			(23)
Prepaids and other current assets			(23)
Gift Cards | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Deferred Revenue Arrangement [Line Items]
Shareholders' Equity			(25.2)
Deferred income taxes, net			(8.9)
Gift card liability			(43)
Other accrued liabilities			$ 8.9

Revenue Recognition - Change in

Revenue Recognition - Change in contract liabilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Change In Contract With Customer Liability [Roll Forward]
Beginning balance	$ 455
Revenue recognized that was included in the contract liability balance at the beginning of the year	(12.2)
Increase, excluding amounts recognized as revenue during the period	14.3
Impact of foreign currency translation	0.6
Ending balance	$ 457.7

Revenue Recognition - Estimated

Revenue Recognition - Estimated revenue recognition (Details) $ in Millions	Mar. 31, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction [Line Items]
Contract liabilities expected to be recognized	$ 457.7
2,018
Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction [Line Items]
Contract liabilities expected to be recognized	24.7
2,019
Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction [Line Items]
Contract liabilities expected to be recognized	32.4
2,020
Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction [Line Items]
Contract liabilities expected to be recognized	31.7
2,021
Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction [Line Items]
Contract liabilities expected to be recognized	31.1
2,022
Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction [Line Items]
Contract liabilities expected to be recognized	30.4
Thereafter
Revenue, Remaining Performance Obligation, Expected Timing Of Satisfaction [Line Items]
Contract liabilities expected to be recognized	$ 307.4

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of total revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	$ 1,253.8	$ 1,000.6
Sales
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	547.8	550.4
Royalties
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	510.4	242
Property revenues
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	177.8	175
Franchise fees and other revenue
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	$ 17.8	$ 33.2

Revenue Recognition - Adjustmen

Revenue Recognition - Adjustments to balance sheet due to Topic 606 and Pro Forma adjustments (Details) - USD ($) $ in Millions	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 821.5		$ 1,097.4	$ 938	$ 1,435.8
Accounts and notes receivable, net of allowance of $19.5 and $16.4, respectively	467.6		488.8
Inventories, net	74.6		78
Prepaids and other current assets	87.8		85.4
Total current assets	1,451.5		1,749.6
Property and equipment, net of accumulated depreciation and amortization of $651.7 and $623.3, respectively	2,072.7		2,133.3
Intangible assets, net	10,904.6		11,062.2
Goodwill	5,693.5		5,782.3
Net investment in property leased to franchisees	66.9		71.3
Other assets, net	570.7		425.2
Total assets	20,759.9		21,223.9
Current liabilities:
Accounts and drafts payable	416.4		496.2
Other accrued liabilities	636.6		865.7
Gift card liability	107.3		214.9
Current portion of long term debt and capital leases	78.8		78.2
Total current liabilities	1,239.1		1,655
Term debt, net of current portion	11,788.1		11,800.9
Capital leases, net of current portion	236.6		243.8
Other liabilities, net	1,820.4		1,455.1
Deferred income taxes, net	1,432.9		1,508.1
Total liabilities	16,517.1		16,662.9
Partners' capital
Accumulated other comprehensive income (loss)	(1,066.6)		(884.3)
Total Partners' capital	4,240.3		4,559.6
Noncontrolling interests	2.5		1.4
Total equity	4,242.8		4,561
Total liabilities and equity	20,759.9		21,223.9
Class A common units
Partners' capital
Class A common units	4,117.2		4,167.5
Total equity	4,117.2		4,167.5
Partnership exchangeable units
Partners' capital
Partnership exchangeable units	1,189.7		1,276.4
Total equity	1,189.7		1,276.4
Accounting Standards Update 2014-09
Current assets:
Cash and cash equivalents		$ 1,097.4
Accounts and notes receivable, net of allowance of $19.5 and $16.4, respectively		488.8
Inventories, net		78
Prepaids and other current assets		62.4
Total current assets		1,726.6
Property and equipment, net of accumulated depreciation and amortization of $651.7 and $623.3, respectively		2,133.3
Intangible assets, net		11,062.2
Goodwill		5,782.3
Net investment in property leased to franchisees		71.3
Other assets, net		531.8
Total assets		21,307.5
Current liabilities:
Accounts and drafts payable		496.2
Other accrued liabilities		874.6
Gift card liability		171.9
Current portion of long term debt and capital leases		78.2
Total current liabilities		1,620.9
Term debt, net of current portion		11,800.9
Capital leases, net of current portion		243.8
Other liabilities, net		1,880.8
Deferred income taxes, net		1,449.9
Total liabilities		16,996.3
Partners' capital
Accumulated other comprehensive income (loss)		(884.3)
Total Partners' capital		4,309.8
Noncontrolling interests		1.4
Total equity		4,311.2
Total liabilities and equity		21,307.5
Accounting Standards Update 2014-09 | Class A common units
Partners' capital
Class A common units		4,035.5
Accounting Standards Update 2014-09 | Partnership exchangeable units
Partners' capital
Partnership exchangeable units		1,158.6
Total Adjustments | Accounting Standards Update 2014-09
Current assets:
Cash and cash equivalents	0		0
Accounts and notes receivable, net of allowance of $19.5 and $16.4, respectively	0		0
Inventories, net	0		0
Prepaids and other current assets	27.7		(23)
Total current assets	27.7		(23)
Property and equipment, net of accumulated depreciation and amortization of $651.7 and $623.3, respectively	0		0
Intangible assets, net	0		0
Goodwill	0		0
Net investment in property leased to franchisees	0		0
Other assets, net	(106.6)	$ 106.6	106.6
Total assets	(78.9)		83.6
Current liabilities:
Accounts and drafts payable	1.9		0
Other accrued liabilities	(10.4)		8.9
Gift card liability	43.6		(43)
Current portion of long term debt and capital leases	0		0
Total current liabilities	35.1		(34.1)
Term debt, net of current portion	0		0
Capital leases, net of current portion	0		0
Other liabilities, net	(430.2)		425.7
Deferred income taxes, net	60.3		(58.2)
Total liabilities	(334.8)		333.4
Partners' capital
Class A common units	136.6
Partnership exchangeable units	119.3
Accumulated other comprehensive income (loss)	0		0
Total Partners' capital	255.9		(249.8)
Noncontrolling interests	0		0
Total equity	255.9		(249.8)
Total liabilities and equity	(78.9)		83.6
Total Adjustments | Accounting Standards Update 2014-09 | Class A common units
Partners' capital
Class A common units			(132)
Total Adjustments | Accounting Standards Update 2014-09 | Partnership exchangeable units
Partners' capital
Partnership exchangeable units			$ (117.8)
Amounts Under Previous Standards
Current assets:
Cash and cash equivalents	821.5
Accounts and notes receivable, net of allowance of $19.5 and $16.4, respectively	467.6
Inventories, net	74.6
Prepaids and other current assets	115.5
Total current assets	1,479.2
Property and equipment, net of accumulated depreciation and amortization of $651.7 and $623.3, respectively	2,072.7
Intangible assets, net	10,904.6
Goodwill	5,693.5
Net investment in property leased to franchisees	66.9
Other assets, net	464.1
Total assets	20,681
Current liabilities:
Accounts and drafts payable	418.3
Other accrued liabilities	626.2
Gift card liability	150.9
Current portion of long term debt and capital leases	78.8
Total current liabilities	1,274.2
Term debt, net of current portion	11,788.1
Capital leases, net of current portion	236.6
Other liabilities, net	1,390.2
Deferred income taxes, net	1,493.2
Total liabilities	16,182.3
Partners' capital
Class A common units	4,253.8
Partnership exchangeable units	1,309
Accumulated other comprehensive income (loss)	(1,066.6)
Total Partners' capital	4,496.2
Noncontrolling interests	2.5
Total equity	4,498.7
Total liabilities and equity	$ 20,681

Revenue Recognition - Pro Forma

Revenue Recognition - Pro Forma adjustments to income statement (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Sales	$ 547.8	$ 550.4
Franchise and property revenues	706	450.2
Total revenues	1,253.8	1,000.6
Operating costs and expenses:
Cost of sales	429.1	423.4
Franchise and property expenses	104.4	111
Selling, general and administrative expenses	301.3	121.9
(Income) loss from equity method investments	(14.3)	(5.7)
Other operating expenses (income), net	12.7	13.8
Total operating costs and expenses	833.2	664.4
Income from operations	420.6	336.2
Interest expense, net	140.1	111.4
Income before income taxes	280.5	204.4
Income tax expense	1.7	37.8
Net income	278.8	166.6
Net income attributable to noncontrolling interests	0.2	0.4
Net income attributable to common unitholders	278.6	98.7
Class A common units
Operating costs and expenses:
Net income	147.8
Net income attributable to common unitholders	$ 147.8	$ 50.2
Earnings per unit - basic and diluted
Earnings per unit - basic and diluted (in dollars per share)	$ 0.73	$ 0.25
Partnership exchangeable units
Operating costs and expenses:
Net income	$ 130.8
Net income attributable to common unitholders	$ 130.8	$ 48.5
Earnings per unit - basic and diluted
Earnings per unit - basic and diluted (in dollars per share)	$ 0.60	$ 0.21
Total Adjustments
Operating costs and expenses:
Franchise and property expenses	$ (0.2)
Selling, general and administrative expenses	(190.5)
Interest expense, net	0.5
Total Adjustments | Accounting Standards Update 2014-09
Revenues:
Sales	0
Franchise and property revenues	(182)
Total revenues	(182)
Operating costs and expenses:
Cost of sales	0
Franchise and property expenses	(0.2)
Selling, general and administrative expenses	(190.5)
(Income) loss from equity method investments	0
Other operating expenses (income), net	0
Total operating costs and expenses	(190.7)
Income from operations	8.7
Interest expense, net	0.5
Income before income taxes	8.2
Income tax expense	2.1
Net income	6.1
Net income attributable to noncontrolling interests	0
Net income attributable to common unitholders	6.1
Amounts Under Previous Standards
Revenues:
Sales	547.8
Franchise and property revenues	524
Total revenues	1,071.8
Operating costs and expenses:
Cost of sales	429.1
Franchise and property expenses	104.2
Selling, general and administrative expenses	110.8
(Income) loss from equity method investments	(14.3)
Other operating expenses (income), net	12.7
Total operating costs and expenses	642.5
Income from operations	429.3
Interest expense, net	140.6
Income before income taxes	288.7
Income tax expense	3.8
Net income	284.9
Net income attributable to noncontrolling interests	0.2
Net income attributable to common unitholders	$ 284.7
Amounts Under Previous Standards | Class A common units
Earnings per unit - basic and diluted
Earnings per unit - basic and diluted (in dollars per share)	$ 0.75
Amounts Under Previous Standards | Partnership exchangeable units
Earnings per unit - basic and diluted
Earnings per unit - basic and diluted (in dollars per share)	$ 0.61

Revenue Recognition - Pro For48

Revenue Recognition - Pro Forma adjustments to cash flow statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 278.8	$ 166.6
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Depreciation and amortization	47	43.4
Amortization of deferred financing costs and debt issuance discount	7.2	8.5
(Income) loss from equity method investments	(14.3)	(5.7)
Loss (gain) on remeasurement of foreign denominated transactions	16.4	10.4
Net losses on derivatives	1.9	5.8
Share-based compensation expense	13.3	16.5
Deferred income taxes	(19)	15.3
Other	3.7	3.6
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	15.4	47.8
Inventories and prepaids and other current assets	(7)
Accounts and drafts payable	(72.8)	38.9
Other accrued liabilities and gift card liability	(374.7)	(82.6)
Other long-term assets and liabilities	(37.8)	20.1
Net cash (used for) provided by operating activities	(141.9)	$ 314.3
Total Adjustments | Accounting Standards Update 2014-09
Cash flows from operating activities:
Net income	6.1
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Depreciation and amortization	0
Amortization of deferred financing costs and debt issuance discount	0
(Income) loss from equity method investments	0
Loss (gain) on remeasurement of foreign denominated transactions	0
Net losses on derivatives	0
Share-based compensation expense	0
Deferred income taxes	2.1
Other	0
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	0
Inventories and prepaids and other current assets	(4.7)
Accounts and drafts payable	1.9
Other accrued liabilities and gift card liability	(0.9)
Other long-term assets and liabilities	(4.5)
Net cash (used for) provided by operating activities	0
Amounts Under Previous Standards
Cash flows from operating activities:
Net income	284.9
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Depreciation and amortization	47
Amortization of deferred financing costs and debt issuance discount	7.2
(Income) loss from equity method investments	(14.3)
Loss (gain) on remeasurement of foreign denominated transactions	16.4
Net losses on derivatives	1.9
Share-based compensation expense	13.3
Deferred income taxes	(16.9)
Other	3.7
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	15.4
Inventories and prepaids and other current assets	(11.7)
Accounts and drafts payable	(70.9)
Other accrued liabilities and gift card liability	(375.6)
Other long-term assets and liabilities	(42.3)
Net cash (used for) provided by operating activities	$ (141.9)

Earnings per Share - Basic and

Earnings per Share - Basic and Diluted Earnings Per Unit (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 278.6	$ 98.7
Class A common units
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 147.8	$ 50.2
Denominator - basic and diluted partnership units:
Total weighted average basic and diluted units outstanding (shares)	202	202
Earnings per unit - basic and diluted:
Earnings per unit / share - basic and diluted (in dollars per share)	$ 0.73	$ 0.25
Partnership Exchangeable Units
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 130.8	$ 48.5
Denominator - basic and diluted partnership units:
Total weighted average basic and diluted units outstanding (shares)	217.7	226.9
Earnings per unit - basic and diluted:
Earnings per unit / share - basic and diluted (in dollars per share)	$ 0.60	$ 0.21

Intangible Assets, Net and Go50

Intangible Assets, Net and Goodwill - Schedule of Intangible Assets, Net and Goodwill (Detail) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, gross	$ 1,173.1	$ 1,180.4
Identifiable assets, accumulated amortization	(377.3)	(361.7)
Identifiable assets, net	795.8	818.7
Intangible assets, net	10,904.6	11,062.2
Goodwill	5,693.5	5,782.3
Trade names
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets:	10,108.8	10,243.5
Tim Hortons brand
Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill	4,232	4,325.8
Tim Hortons brand | Trade names
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets:	6,574.3	6,727.1
Burger King brand
Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill	615.7	610.7
Burger King brand | Trade names
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets:	2,179.6	2,161.5
Popeyes brand
Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill	845.8	845.8
Popeyes brand | Trade names
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets:	1,354.9	1,354.9
Franchise agreements
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, gross	724.7	724.7
Identifiable assets, accumulated amortization	(176.5)	(168)
Identifiable assets, net	548.2	556.7
Favorable leases
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, gross	448.4	455.7
Identifiable assets, accumulated amortization	(200.8)	(193.7)
Identifiable assets, net	$ 247.6	$ 262

Intangible Assets, Net and Go51

Intangible Assets, Net and Goodwill - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 18	$ 17.5

Equity Method Investments - Add

Equity Method Investments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Investment in subsidiaries	$ 0		$ 0
Joint-venture interest	50.00%
Increase to carrying value of equity method investment	$ 20.4
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Accounts receivable from equity method investments	33.5		31.9
Wendy's Company TIMWEN Partnership | Tim Hortons brand
Schedule of Equity Method Investments [Line Items]
Cash distributions	2.9	$ 2.4
Contingent rent expense	4.5	$ 4.5
Carrols Restaurant Group, Inc.
Schedule of Equity Method Investments [Line Items]
Quoted market price	$ 105.4
BK Brasil
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	10.10%
Quoted market price	$ 107.6
Other assets
Schedule of Equity Method Investments [Line Items]
Investment in subsidiaries	$ 272.2		$ 155.1
Canada | Wendy's Company TIMWEN Partnership
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	50.00%
United States | Carrols Restaurant Group, Inc.
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	20.70%

Equity Method Investments - Sum

Equity Method Investments - Summary of Franchise and Property Revenues (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues from affiliates:
Total	$ 706	$ 450.2
Affiliates
Revenues from affiliates:
Franchise royalties	68.2	38.5
Property revenues	8.8	6.3
Franchise fees and other revenue	2.3	5.7
Total	$ 79.3	$ 50.5

Other Accrued Liabilities and54

Other Accrued Liabilities and Other Liabilities - Schedule of Other Accrued Liabilities (Current) and Other Liabilities (NonCurrent), Net (Detail) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current:
Dividend payable	$ 210	$ 96.9
Interest payable	93	88.6
Accrued compensation and benefits	36.6	66.6
Taxes payable	112.3	401
Deferred income	28.7	42.9
Accrued advertising expenses	27.9	27.5
Closed property reserve	12.4	10.8
Restructuring and other provisions	11.2	12
Other	104.5	119.4
Other accrued liabilities	636.6	865.7
Noncurrent:
Derivatives liabilities	458.1	498.5
Taxes payable	478.3	495.6
Contract liabilities, net	457.7	10
Unfavorable leases	236.9	251.8
Accrued pension	70.3	72
Lease liability	48.5	46.4
Deferred income	23.6	27.4
Other	47	53.4
Other liabilities, net	$ 1,820.4	$ 1,455.1

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Other	$ 85.2	$ 89.1
Less: unamortized deferred financing costs and deferred issue discount	(163.1)	(170.1)
Total debt, net	11,844.7	11,857.7
Less: current maturities of debt	(56.6)	(56.8)
Total long-term debt	11,788.1	11,800.9
Term Loan Facility (due February 17, 2024)
Debt Instrument [Line Items]
Term Loan Facility (due February 17, 2024)	$ 6,372.6	6,388.7
Maturity Dates	Feb. 17, 2024
2017 4.25% Senior Notes (due May 15, 2024)
Debt Instrument [Line Items]
Senior notes	$ 1,500	1,500
Maturity Dates	May 15, 2024
2015 4.625% Senior Notes (due January 15, 2022)
Debt Instrument [Line Items]
Senior notes	$ 1,250	1,250
Maturity Dates	Jan. 15, 2022
2017 5.00% Senior Notes (due October 15, 2025)
Debt Instrument [Line Items]
Senior notes	$ 2,800	$ 2,800
Maturity Dates	Oct. 15, 2025

Long-Term Debt - Revolving Cred

Long-Term Debt - Revolving Credit Facility - Additional Information (Detail) - Revolving Credit Facility	Mar. 31, 2018USD ($)
Line of Credit Facility [Line Items]
Amount outstanding under credit facility	$ 0
Letter of credit sublimit as part of revolving credit facility	125,000,000
Letters of credit issued against credit facility	4,600,000
Remaining borrowing capacity	$ 495,400,000

Long-Term Debt - Fair Value Mea

Long-Term Debt - Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Billions	Mar. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Fair value of variable rate term debt and bonds	$ 11.7	$ 12
Long-term debt, Gross	$ 11.9	$ 11.9

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense, Net (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt	$ 129.4	$ 100
Capital lease obligations	6.1	5
Amortization of deferred financing costs and debt issuance discount	7.2	8.5
Interest income	(2.6)	(2.1)
Interest expense, net	$ 140.1	$ 111.4

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate	0.60%	18.50%

Equity - Additional Information

Equity - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018shares
Partnership Exchangeable Units
Stockholders Equity [Line Items]
BKW reorganization into Partnership, Shares	29,432

Equity - Summary of Changes in

Equity - Summary of Changes in the Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balances	$ 4,559.6
Foreign currency translation adjustment	(215.6)	$ 105.8
Net change in fair value of derivatives, net of tax	27.4
Amounts reclassified to earnings of cash flow hedges, net of tax	5.7	3.7
Pension and post-retirement benefit plans, net of tax	0.2	$ (0.3)
Ending balances	4,240.3
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balances	(884.3)
Ending balances	(1,066.6)
Derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balances	176.8
Net change in fair value of derivatives, net of tax	27.4
Amounts reclassified to earnings of cash flow hedges, net of tax	5.7
Ending balances	209.9
Pensions
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balances	(28.8)
Pension and post-retirement benefit plans, net of tax	0.2
Ending balances	(28.6)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balances	(1,032.3)
Foreign currency translation adjustment	(215.6)
Ending balances	$ (1,247.9)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2015USD ($)	Mar. 31, 2018EUR (€)	Jun. 30, 2017CAD ($)
Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swaps	$ 188,000,000
Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Pre-tax loss reclassified into interest expense	12,300,000
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swaps			$ 2,500,000,000
Cross-currency rate swap maturity date			Mar. 31, 2021
Interest rate swaps | Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net unrealized loss remaining in AOCI			$ 84,600,000
Cross Currency Interest Rate Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cash received on hedge		$ 763,500,000
Net unrealized gains as of termination date		533,400,000
Cross Currency Interest Rate Contract | Fixed Income Interest Rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swaps		5,000,000,000			$ 6,753.5
Cross Currency Interest Rate Contract | Fixed Income Interest Rate | Hedge Funds
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swaps	$ 1,200,000,000			€ 1,107,800,000
Cross Currency Interest Rate Contract | United States Dollar
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swaps		$ 5,000,000,000
Interest Rate Swaps Outstanding As Of December 31, 2015 | Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Type of interest rate paid on swap			fixed

Derivative Instruments - Quanti

Derivative Instruments - Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Reclassified from AOCI into Earnings	$ (1.9)	$ (5.8)
Derivatives designated as cash flow hedges | Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	28.7	(5)
Derivatives designated as cash flow hedges | Interest rate swaps | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Reclassified from AOCI into Earnings	(5.5)	(5.9)
Derivatives designated as cash flow hedges | Forward-currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	5.3	1.5
Derivatives designated as cash flow hedges | Forward-currency contracts | Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Reclassified from AOCI into Earnings	(2.3)	0.9
Derivatives designated as net investment hedges | Cross-currency rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	11.1	(54.2)
Interest expense, net | Derivatives designated as net investment hedges | Cross-currency rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 3.6	$ 0

Derivative Instruments - Summar

Derivative Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 4.2	$ 0.5
Derivative Liability, Fair Value, Gross Liability	459.3	503.6
Derivatives designated as cash flow hedges | Foreign currency | Prepaids and other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	4.2	0.5
Derivatives designated as cash flow hedges | Foreign currency | Other accrued liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	1.2	5.1
Derivatives designated as cash flow hedges | Interest rate | Other liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	10.9	42.1
Derivatives designated as net investment hedges | Foreign currency | Other liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 447.2	$ 456.4

Other Operating Expenses (Inc65

Other Operating Expenses (Income), net - Other Operating Expenses (Income), Net (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other Income and Expenses [Abstract]
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings	$ 1.7	$ 2.9
Litigation settlements (gains) and reserves, net	(6.1)	0
Net losses (gains) on foreign exchange	16.4	10.4
Other, net	0.7	0.5
Other operating expenses (income), net	$ 12.7	$ 13.8

Commitments and Contingencies (

Commitments and Contingencies (Details) - plaintiff	Oct. 06, 2017	Jun. 19, 2017
Pending litigation
Loss Contingencies [Line Items]
Number of plaintiffs	2	2

Segment Reporting and Geographi

Segment Reporting and Geographical Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018SegmentBrand
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of brands | Brand	3
Tim Hortons Burger King And Popeyes Brand
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of operating segments	3
Number of reportable segments	3

Segment Reporting - Revenues by

Segment Reporting - Revenues by Geographic Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue, Major Customer [Line Items]
Total revenues	$ 1,253.8	$ 1,000.6
Canada
Revenue, Major Customer [Line Items]
Total revenues	692.4	657
United States
Revenue, Major Customer [Line Items]
Total revenues	420.7	232.4
Other
Revenue, Major Customer [Line Items]
Total revenues	140.7	111.2
Tim Hortons brand
Revenue, Major Customer [Line Items]
Total revenues	763.5	733.6
Burger King brand
Revenue, Major Customer [Line Items]
Total revenues	389.9	267
Popeyes brand
Revenue, Major Customer [Line Items]
Total revenues	100.4	$ 0
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenue, Major Customer [Line Items]
Total revenues	(182)
2018 Amounts Under Previous Standards | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenue, Major Customer [Line Items]
Total revenues	1,071.8
2018 Amounts Under Previous Standards | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606 | Tim Hortons brand
Revenue, Major Customer [Line Items]
Total revenues	711.8
2018 Amounts Under Previous Standards | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606 | Burger King brand
Revenue, Major Customer [Line Items]
Total revenues	292.8
2018 Amounts Under Previous Standards | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606 | Popeyes brand
Revenue, Major Customer [Line Items]
Total revenues	$ 67.2

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Segment Income to Net Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	$ 497.8	$ 443.3
Impact of equity method investments	(14.3)	(5.7)
Other operating expenses (income), net	12.7	13.8
EBITDA	467.6	379.5
Depreciation and amortization	47	43.3
Income from operations	420.6	336.2
Interest expense, net	140.1	111.4
Loss on early extinguishment of debt	0	20.4
Income tax expense	1.7	37.8
Net income	278.8	166.6
Popeyes Acquisition
Segment Reporting, Revenue Reconciling Item [Line Items]
PLK Transaction costs	5.1	34.4
Unallocated Management G&A
Segment Reporting, Revenue Reconciling Item [Line Items]
Share-based compensation and non-cash incentive compensation expense	15.3	18.5
Integration costs	7.1	0
Impact of equity method investments	(10)	(2.9)
Other operating expenses (income), net	12.7	13.8
Tim Hortons brand | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	245.2	256.2
Burger King brand | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	214.1	187.1
Popeyes brand | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	38.5	$ 0
Difference between Revenue Guidance in Effect before and after Topic 606
Segment Reporting, Revenue Reconciling Item [Line Items]
Interest expense, net	0.5
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Segment Reporting, Revenue Reconciling Item [Line Items]
Impact of equity method investments	0
Other operating expenses (income), net	0
Income from operations	8.7
Interest expense, net	0.5
Income tax expense	2.1
Net income	6.1
2018 Amounts Under Previous Standards | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	506.3
EBITDA	476.1
Depreciation and amortization	46.8
Income from operations	429.3
Interest expense, net	140.6
Loss on early extinguishment of debt	0
Income tax expense	3.8
Net income	284.9
2018 Amounts Under Previous Standards | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Popeyes Acquisition
Segment Reporting, Revenue Reconciling Item [Line Items]
PLK Transaction costs	5.1
2018 Amounts Under Previous Standards | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Unallocated Management G&A
Segment Reporting, Revenue Reconciling Item [Line Items]
Share-based compensation and non-cash incentive compensation expense	15.3
Integration costs	7.1
Impact of equity method investments	(10)
Other operating expenses (income), net	12.7
2018 Amounts Under Previous Standards | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Tim Hortons brand | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	250.5
2018 Amounts Under Previous Standards | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Burger King brand | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	215
2018 Amounts Under Previous Standards | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Popeyes brand | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	$ 40.8

Supplemental Financial Inform70

Supplemental Financial Information - Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 821.5	$ 1,097.4	$ 938	$ 1,435.8
Accounts and notes receivable, net	467.6	488.8
Inventories, net	74.6	78
Prepaids and other current assets	87.8	85.4
Total current assets	1,451.5	1,749.6
Property and equipment, net	2,072.7	2,133.3
Intangible assets, net	10,904.6	11,062.2
Goodwill	5,693.5	5,782.3
Net investment in property leased to franchisees	66.9	71.3
Intercompany receivable	0	0
Investment in subsidiaries	0	0
Other assets, net	570.7	425.2
Total assets	20,759.9	21,223.9
Current liabilities:
Accounts and drafts payable	416.4	496.2
Other accrued liabilities	636.6	865.7
Gift card liability	107.3	214.9
Current portion of long term debt and capital leases	78.8	78.2
Total current liabilities	1,239.1	1,655
Term debt, net of current portion	11,788.1	11,800.9
Capital leases, net of current portion	236.6	243.8
Other liabilities, net	1,820.4	1,455.1
Payables to affiliates	0	0
Deferred income taxes, net	1,432.9	1,508.1
Total liabilities	16,517.1	16,662.9
Partners’ capital:
Common shares	0	0
Retained Earnings	0	0
Accumulated other comprehensive income (loss)	(1,066.6)	(884.3)
Total Partners’ capital	4,240.3	4,559.6
Noncontrolling interests	2.5	1.4
Total equity	4,242.8	4,561
Total liabilities and equity	20,759.9	21,223.9
Class A common units
Partners’ capital:
Class A common units	4,117.2	4,167.5
Total equity	4,117.2	4,167.5
Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	1,189.7	1,276.4
Total equity	1,189.7	1,276.4
Eliminations
Current assets:
Cash and cash equivalents	0	0	0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
Prepaids and other current assets	0	0
Total current assets	0	0
Property and equipment, net	0	0
Intangible assets, net	0	0
Goodwill	0	0
Net investment in property leased to franchisees	0	0
Intercompany receivable	(210)	(96.9)
Investment in subsidiaries	(4,242.8)	(4,561)
Other assets, net	0	0
Total assets	(4,452.8)	(4,657.9)
Current liabilities:
Accounts and drafts payable	0	0
Other accrued liabilities	0	0
Gift card liability	0	0
Current portion of long term debt and capital leases	0	0
Total current liabilities	0	0
Term debt, net of current portion	0	0
Capital leases, net of current portion	0	0
Other liabilities, net	0	0
Payables to affiliates	(210)	(96.9)
Deferred income taxes, net	0	0
Total liabilities	(210)	(96.9)
Partners’ capital:
Common shares	(3,560)	(3,515.7)
Retained Earnings	(1,746.9)	(1,928.2)
Accumulated other comprehensive income (loss)	1,066.6	884.3
Total Partners’ capital	(4,240.3)	(4,559.6)
Noncontrolling interests	(2.5)	(1.4)
Total equity	(4,242.8)	(4,561)
Total liabilities and equity	(4,452.8)	(4,657.9)
Eliminations | Class A common units
Partners’ capital:
Class A common units	0	0
Eliminations | Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	0	0
Consolidated Borrowers | Reportable Legal Entities
Current assets:
Cash and cash equivalents	821.5	1,097.4	938	1,435.8
Accounts and notes receivable, net	467.6	488.8
Inventories, net	74.6	78
Prepaids and other current assets	87.8	85.4
Total current assets	1,451.5	1,749.6
Property and equipment, net	2,072.7	2,133.3
Intangible assets, net	10,904.6	11,062.2
Goodwill	5,693.5	5,782.3
Net investment in property leased to franchisees	66.9	71.3
Intercompany receivable	0	0
Investment in subsidiaries	0	0
Other assets, net	570.7	425.2
Total assets	20,759.9	21,223.9
Current liabilities:
Accounts and drafts payable	416.4	496.2
Other accrued liabilities	426.6	768.8
Gift card liability	107.3	214.9
Current portion of long term debt and capital leases	78.8	78.2
Total current liabilities	1,029.1	1,558.1
Term debt, net of current portion	11,788.1	11,800.9
Capital leases, net of current portion	236.6	243.8
Other liabilities, net	1,820.4	1,455.1
Payables to affiliates	210	96.9
Deferred income taxes, net	1,432.9	1,508.1
Total liabilities	16,517.1	16,662.9
Partners’ capital:
Common shares	3,560	3,515.7
Retained Earnings	1,746.9	1,928.2
Accumulated other comprehensive income (loss)	(1,066.6)	(884.3)
Total Partners’ capital	4,240.3	4,559.6
Noncontrolling interests	2.5	1.4
Total equity	4,242.8	4,561
Total liabilities and equity	20,759.9	21,223.9
Consolidated Borrowers | Reportable Legal Entities | Class A common units
Partners’ capital:
Class A common units	0	0
Consolidated Borrowers | Reportable Legal Entities | Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	0	0
RBILP | Reportable Legal Entities
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
Prepaids and other current assets	0	0
Total current assets	0	0
Property and equipment, net	0	0
Intangible assets, net	0	0
Goodwill	0	0
Net investment in property leased to franchisees	0	0
Intercompany receivable	210	96.9
Investment in subsidiaries	4,242.8	4,561
Other assets, net	0	0
Total assets	4,452.8	4,657.9
Current liabilities:
Accounts and drafts payable	0	0
Other accrued liabilities	210	96.9
Gift card liability	0	0
Current portion of long term debt and capital leases	0	0
Total current liabilities	210	96.9
Term debt, net of current portion	0	0
Capital leases, net of current portion	0	0
Other liabilities, net	0	0
Payables to affiliates	0	0
Deferred income taxes, net	0	0
Total liabilities	210	96.9
Partners’ capital:
Common shares	0	0
Retained Earnings	0	0
Accumulated other comprehensive income (loss)	(1,066.6)	(884.3)
Total Partners’ capital	4,240.3	4,559.6
Noncontrolling interests	2.5	1.4
Total equity	4,242.8	4,561
Total liabilities and equity	4,452.8	4,657.9
RBILP | Reportable Legal Entities | Class A common units
Partners’ capital:
Class A common units	4,117.2	4,167.5
RBILP | Reportable Legal Entities | Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	$ 1,189.7	$ 1,276.4

Supplemental Financial Inform71

Supplemental Financial Information - Condensed Consolidating Statements of Operations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Sales	$ 547.8	$ 550.4
Franchise and property revenues	706	450.2
Total revenues	1,253.8	1,000.6
Operating costs and expenses:
Cost of sales	429.1	423.4
Franchise and property expenses	104.4	111
Selling, general and administrative expenses	301.3	121.9
(Income) loss from equity method investments	(14.3)	(5.7)
Other operating expenses (income), net	12.7	13.8
Total operating costs and expenses	833.2	664.4
Income from operations	420.6	336.2
Interest expense, net	140.1	111.4
Loss on early extinguishment of debt	0	20.4
Income before income taxes	280.5	204.4
Income tax expense	1.7	37.8
Net income	278.8	166.6
Equity in earnings of consolidated subsidiaries	0	0
Net income	278.8	166.6
Comprehensive income (loss) attributable to noncontrolling interests	0.2	0.4
Partnership preferred unit distributions	0	67.5
Net income attributable to common unitholders	278.6	98.7
Comprehensive income (loss)	96.5	229.7
Eliminations
Revenues:
Sales	0	0
Franchise and property revenues	0
Total revenues	0	0
Operating costs and expenses:
(Income) loss from equity method investments	0	0
Total operating costs and expenses	0	0
Income from operations	0	0
Income before income taxes	0	0
Net income	0	0
Equity in earnings of consolidated subsidiaries	(278.8)	(166.6)
Net income	(278.8)	(166.6)
Comprehensive income (loss) attributable to noncontrolling interests	(0.2)	(0.4)
Partnership preferred unit distributions		0
Net income attributable to common unitholders	(278.6)	(166.2)
Comprehensive income (loss)	(96.5)	(229.7)
Consolidated Borrowers | Reportable Legal Entities
Revenues:
Sales	547.8	550.4
Franchise and property revenues	706	450.2
Total revenues	1,253.8	1,000.6
Operating costs and expenses:
Cost of sales	429.1	423.4
Franchise and property expenses	104.4	111
Selling, general and administrative expenses	301.3	121.9
(Income) loss from equity method investments	(14.3)	(5.7)
Other operating expenses (income), net	12.7	13.8
Total operating costs and expenses	833.2	664.4
Income from operations	420.6	336.2
Interest expense, net	140.1	111.4
Loss on early extinguishment of debt		20.4
Income before income taxes	280.5	204.4
Income tax expense	1.7	37.8
Net income	278.8	166.6
Equity in earnings of consolidated subsidiaries	0	0
Net income	278.8	166.6
Comprehensive income (loss) attributable to noncontrolling interests	0.2	0.4
Partnership preferred unit distributions		0
Net income attributable to common unitholders	278.6	166.2
Comprehensive income (loss)	96.5	229.7
RBILP | Reportable Legal Entities
Revenues:
Sales	0	0
Franchise and property revenues	0
Total revenues	0	0
Operating costs and expenses:
(Income) loss from equity method investments	0	0
Total operating costs and expenses	0	0
Income from operations	0	0
Income before income taxes	0	0
Net income	0	0
Equity in earnings of consolidated subsidiaries	278.8	166.6
Net income	278.8	166.6
Comprehensive income (loss) attributable to noncontrolling interests	0.2	0.4
Partnership preferred unit distributions		67.5
Net income attributable to common unitholders	278.6	98.7
Comprehensive income (loss)	$ 96.5	$ 229.7

Supplemental Financial Inform72

Supplemental Financial Information - Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 278.8	$ 166.6
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	0	0
Depreciation and amortization	47	43.4
Premiums paid and non-cash loss on extinguishment of debt	0	17.9
Amortization of deferred financing costs and debt issuance discount	7.2	8.5
(Income) loss from equity method investments	(14.3)	(5.7)
Loss (gain) on remeasurement of foreign denominated transactions	16.4	10.4
Net losses on derivatives	1.9	5.8
Share-based compensation expense	13.3	16.5
Deferred income taxes	(19)	15.3
Other	3.7	3.6
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	15.4	47.8
Inventories and prepaids and other current assets	(7)	7.8
Accounts and drafts payable	(72.8)	38.9
Other accrued liabilities and gift card liability	(374.7)	(82.6)
Other long-term assets and liabilities	(37.8)	20.1
Net cash (used for) provided by operating activities	(141.9)	314.3
Cash flows from investing activities:
Payments for property and equipment	(7)	(4.1)
Proceeds from disposal of assets, restaurant closures, and refranchisings	1.6	6.8
Net payment for purchase of Popeyes, net of cash acquired	0	(1,635.9)
Return of investment on direct financing leases	4.2	4.1
Settlement/sale of derivatives, net	3	5.2
Other investing activities, net	0.1	(0.8)
Net cash provided by (used for) investing activities	1.9	(1,624.7)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	1,300
Repayments of long-term debt and capital leases	(21.7)	(319.9)
Payment of financing costs	0	(31.8)
Distributions on common, preferred and Partnership exchangeable units	(96.9)	(145.9)
Payments in connection with repurchase of partnership preferred units	(33.6)	0
Capital contribution from RBI Inc.	25.2	8
Distributions from subsidiaries	0	0
Other financing activities, net	(0.6)	(1.1)
Net cash provided by (used for) financing activities	(127.6)	809.3
Effect of exchange rates on cash and cash equivalents	(8.3)	3.3
Increase (decrease) in cash and cash equivalents	(275.9)	(497.8)
Cash and cash equivalents at beginning of period	1,097.4	1,435.8
Cash and cash equivalents at end of period	821.5	938
Eliminations
Cash flows from operating activities:
Net income	(278.8)	(166.6)
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	278.8	166.6
Depreciation and amortization	0	0
Premiums paid and non-cash loss on extinguishment of debt		0
Amortization of deferred financing costs and debt issuance discount	0	0
(Income) loss from equity method investments	0	0
Loss (gain) on remeasurement of foreign denominated transactions	0	0
Net losses on derivatives	0	0
Share-based compensation expense	0	0
Deferred income taxes	0	0
Other	0	0
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	0	0
Inventories and prepaids and other current assets	0	0
Accounts and drafts payable	0	0
Other accrued liabilities and gift card liability	0	0
Other long-term assets and liabilities	0	0
Net cash (used for) provided by operating activities	0	0
Cash flows from investing activities:
Payments for property and equipment	0	0
Proceeds from disposal of assets, restaurant closures, and refranchisings	0	0
Net payment for purchase of Popeyes, net of cash acquired		0
Return of investment on direct financing leases	0	0
Settlement/sale of derivatives, net	0	0
Other investing activities, net	0	0
Net cash provided by (used for) investing activities	0	0
Cash flows from financing activities:
Repayments of long-term debt and capital leases	0	0
Distributions on common, preferred and Partnership exchangeable units	0
Payments in connection with repurchase of partnership preferred units	0
Capital contribution from RBI Inc.	0	0
Distributions from subsidiaries	0	0
Other financing activities, net	0	0
Net cash provided by (used for) financing activities	0	0
Effect of exchange rates on cash and cash equivalents	0	0
Increase (decrease) in cash and cash equivalents	0
Cash and cash equivalents at beginning of period	0
Cash and cash equivalents at end of period	0	0
Consolidated Borrowers | Reportable Legal Entities
Cash flows from operating activities:
Net income	278.8	166.6
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	0	0
Depreciation and amortization	47	43.4
Premiums paid and non-cash loss on extinguishment of debt		17.9
Amortization of deferred financing costs and debt issuance discount	7.2	8.5
(Income) loss from equity method investments	(14.3)	(5.7)
Loss (gain) on remeasurement of foreign denominated transactions	16.4	10.4
Net losses on derivatives	1.9	5.8
Share-based compensation expense	13.3	16.5
Deferred income taxes	(19)	15.3
Other	3.7	3.6
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	15.4	47.8
Inventories and prepaids and other current assets	(7)	7.8
Accounts and drafts payable	(72.8)	38.9
Other accrued liabilities and gift card liability	(374.7)	(82.6)
Other long-term assets and liabilities	(37.8)	20.1
Net cash (used for) provided by operating activities	(141.9)	314.3
Cash flows from investing activities:
Payments for property and equipment	(7)	(4.1)
Proceeds from disposal of assets, restaurant closures, and refranchisings	1.6	6.8
Net payment for purchase of Popeyes, net of cash acquired		(1,635.9)
Return of investment on direct financing leases	4.2	4.1
Settlement/sale of derivatives, net	3	5.2
Other investing activities, net	0.1	(0.8)
Net cash provided by (used for) investing activities	1.9	(1,624.7)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		1,300
Repayments of long-term debt and capital leases	(21.7)	(319.9)
Payment of financing costs		(31.8)
Distributions on common, preferred and Partnership exchangeable units	0
Payments in connection with repurchase of partnership preferred units	0
Capital contribution from RBI Inc.	25.2	8
Distributions from subsidiaries	(130.5)	(145.9)
Other financing activities, net	(0.6)	(1.1)
Net cash provided by (used for) financing activities	(127.6)	809.3
Effect of exchange rates on cash and cash equivalents	(8.3)	3.3
Increase (decrease) in cash and cash equivalents	(275.9)	(497.8)
Cash and cash equivalents at beginning of period	1,097.4	1,435.8
Cash and cash equivalents at end of period	821.5	938
RBILP | Reportable Legal Entities
Cash flows from operating activities:
Net income	278.8	166.6
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	(278.8)	(166.6)
Depreciation and amortization	0	0
Premiums paid and non-cash loss on extinguishment of debt		0
Amortization of deferred financing costs and debt issuance discount	0	0
(Income) loss from equity method investments	0	0
Loss (gain) on remeasurement of foreign denominated transactions	0	0
Net losses on derivatives	0	0
Share-based compensation expense	0	0
Deferred income taxes	0	0
Other	0	0
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	0	0
Inventories and prepaids and other current assets	0	0
Accounts and drafts payable	0	0
Other accrued liabilities and gift card liability	0	0
Other long-term assets and liabilities	0	0
Net cash (used for) provided by operating activities	0	0
Cash flows from investing activities:
Payments for property and equipment	0	0
Proceeds from disposal of assets, restaurant closures, and refranchisings	0	0
Net payment for purchase of Popeyes, net of cash acquired		0
Return of investment on direct financing leases	0	0
Settlement/sale of derivatives, net	0	0
Other investing activities, net	0	0
Net cash provided by (used for) investing activities	0	0
Cash flows from financing activities:
Repayments of long-term debt and capital leases	0	0
Distributions on common, preferred and Partnership exchangeable units	(96.9)	(145.9)
Payments in connection with repurchase of partnership preferred units	(33.6)
Capital contribution from RBI Inc.	0	0
Distributions from subsidiaries	130.5	145.9
Other financing activities, net	0	0
Net cash provided by (used for) financing activities	0	0
Effect of exchange rates on cash and cash equivalents	0	0
Increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	$ 0	$ 0

Subsequent Event - Cash Distrib

Subsequent Event - Cash Distributions/Dividends (Detail) - Subsequent Event - $ / shares	Apr. 24, 2018	Apr. 02, 2018
Subsequent Event [Line Items]
Cash dividend paid per common share (in dollars per share)		$ 0.45
Dividend payable record date	May 15, 2018	Mar. 15, 2018
Cash dividend declared by board (in dollars per share)	$ 0.45
Dividend to be paid date	Jul. 3, 2018
Partnership Exchangeable Units
Subsequent Event [Line Items]
Cash dividend paid per exchangeable unit	$ 0.45	$ 0.45