Restaurant Brands International Limited Partnership (RSTRF) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-36787
Entity Registrant Name	RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP
Entity Incorporation, State or Country Code	Z4
Entity Tax Identification Number	98-1206431
Entity Address, Address Line One	130 King Street West, Suite 300
Entity Address, Postal Zip Code	M5X 1E1
Entity Address, City or Town	Toronto,
Entity Address, State or Province	ON
City Area Code	905
Local Phone Number	339-6011
Title of 12(g) Security	Class B exchangeable limited partnership units
Trading Symbol	QSP
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001618755
Current Fiscal Year End Date	--12-31
Partnership exchangeable units
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		143,316,404
Class A common units
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		202,006,067

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 838		$ 1,087	$ 1,762		$ 1,560
Accounts and notes receivable, net of allowance of $21 and $18, respectively	551		547
Inventories, net	114		96
Prepaids and other current assets	65		86
Total current assets	1,568		1,816
Property and equipment, net of accumulated depreciation and amortization of $1,027 and $979, respectively	1,984		2,035
Operating lease assets, net	1,113		1,130
Intangible assets, net	11,296		11,417
Goodwill	5,866		6,006
Net investment in property leased to franchisees	82		80
Other assets, net	845		762
Total assets	22,754		23,246
Current liabilities:
Accounts and drafts payable	705		614
Other accrued liabilities	783		947
Gift card liability	163		221
Current portion of long-term debt and finance leases	112		96
Total current liabilities	1,763		1,878
Long-term debt, net of current portion	12,881		12,916
Finance leases, net of current portion	326		333
Operating lease liabilities, net of current portion	1,053		1,070
Other liabilities, net	1,477		1,822
Deferred income taxes, net	1,345		1,374
Total liabilities	18,845		19,393
Partners’ capital:
Accumulated other comprehensive income (loss)	(838)		(1,024)
Total Partners’ capital	3,906		3,850
Noncontrolling interests	3		3
Total equity	3,909	$ 3,961	3,853	$ 4,259	$ 4,002	$ 3,721
Total liabilities and equity	22,754		23,246
Class A common units
Partners’ capital:
Class A common units; 202,006,067 issued and outstanding at June 30, 2022 and December 31, 2021	8,343		8,421
Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units; 143,316,404 issued and outstanding at June 30, 2022; 144,993,458 issued and outstanding at December 31, 2021	$ (3,599)		$ (3,547)

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing receivable, allowance for credit loss, current	$ 21	$ 18
Accumulated depreciation and amortization, property, plant, and equipment	$ 1,027	$ 979
Class A common units
Class A common units, issued (in shares)	202,006,067	202,006,067
Class A common units, outstanding (in shares)	202,006,067	202,006,067
Partnership exchangeable units
Partnership exchangeable units, issued (in shares)	143,316,404	144,993,458
Partnership exchangeable units, outstanding (in shares)	143,316,404	144,993,458

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total revenues	$ 1,639		$ 1,438		$ 3,090	$ 2,698
Operating costs and expenses:
Cost of sales	584		467		1,078	868
Franchise and property expenses	125		121		255	237
Advertising expenses and other services	259		243		506	480
General and administrative expenses	146		108		279	212
(Income) loss from equity method investments	9		3		22	5
Other operating expenses (income), net	(25)		8		(41)	(34)
Total operating costs and expenses	1,098		950		2,099	1,768
Income from operations	541		488		991	930
Interest expense, net	129		126		256	250
Income before income taxes	412		362		735	680
Income tax expense (benefit)	66		(29)		119	18
Net income	346	$ 270	391	$ 271	616	662
Net income attributable to noncontrolling interests	1		1		2	2
Net income attributable to common unitholders	345		390		614	660
Class A common units
Operating costs and expenses:
Net income attributable to common unitholders	$ 236		$ 259		$ 419	$ 438
Earnings per unit - basic and diluted
Earnings per unit, basic (in usd per share)	$ 1.17		$ 1.28		$ 2.07	$ 2.17
Earnings per unit, diluted (in usd per share)	$ 1.17		$ 1.28		$ 2.07	$ 2.17
Weighted average units outstanding - basic and diluted (in millions):
Weighted average number of unit outstanding, basic (in shares)	202		202		202	202
Weighted average number of units outstanding, diluted (in shares)	202		202		202	202
Partnership exchangeable units
Operating costs and expenses:
Net income attributable to common unitholders	$ 109		$ 131		$ 195	$ 222
Earnings per unit - basic and diluted
Earnings per unit, basic (in usd per share)	$ 0.77		$ 0.84		$ 1.36	$ 1.43
Earnings per unit, diluted (in usd per share)	$ 0.77		$ 0.84		$ 1.36	$ 1.43
Weighted average units outstanding - basic and diluted (in millions):
Weighted average number of unit outstanding, basic (in shares)	143		155		144	155
Weighted average number of units outstanding, diluted (in shares)	143		155		144	155
Sales
Revenues:
Total revenues	$ 708		$ 590		$ 1,317	$ 1,097
Franchise and property revenues
Revenues:
Total revenues	676		612		1,291	1,160
Advertising revenues and other services
Revenues:
Total revenues	$ 255		$ 236		$ 482	$ 441

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 346	$ 391	$ 616	$ 662
Foreign currency translation adjustment	(345)	141	(288)	195
Net change in fair value of net investment hedges, net of tax of $(38), $21, $(13) and $41	226	(71)	191	(42)
Net change in fair value of cash flow hedges, net of tax of $(30), $5, $(90) and $(28)	83	(40)	244	55
Amounts reclassified to earnings of cash flow hedges, net of tax of $(6), $(4), $(13) and $(12)	16	29	37	53
Gain (loss) recognized on other, net of tax of $0, $0, $0 and $0	1	1	2	2
Other comprehensive income (loss)	(19)	60	186	263
Comprehensive income (loss)	327	451	802	925
Comprehensive income (loss) attributable to noncontrolling interests	1	1	2	2
Comprehensive income (loss) attributable to common unitholders	$ 326	$ 450	$ 800	$ 923

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net change in fair value of net investment hedges, tax	$ (38)	$ 21	$ (13)	$ 41
Net change in fair value of cash flow hedges, tax	(30)	5	(90)	(28)
Amounts reclassified to earnings of cash flow hedges, tax	(6)	(4)	(13)	(12)
Gain (loss) recognized on other, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Accumulated  Other Comprehensive Income (Loss)	Noncontrolling Interest	Class A common units	Class A common units Common Stock	Partnership exchangeable units	Partnership exchangeable units Partnership Exchangeable Units
Beginning balance Class A (in shares) at Dec. 31, 2020					202,006,067
Beginning balances at Dec. 31, 2020	$ 3,721	$ (1,275)	$ 4		$ 7,994		$ (3,002)
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2020							155,113,338
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions declared on Class A common units	(163)				(163)
Distributions declared on partnership exchangeable units	(82)						$ (82)
Exchange of Partnership exchangeable units for RBI common shares	0				5		$ (5)
Exchange of Partnership exchangeable units for RBI common shares (in shares)							(72,671)
Capital contribution from RBI	51				51
Restaurant VIE contributions (distributions)	1		1
Net income	271		1		$ 179		$ 91
Other comprehensive income (loss)	203	203
Ending balance Class A (in shares) at Mar. 31, 2021					202,006,067
Ending balances at Mar. 31, 2021	4,002	(1,072)	6		$ 8,066		$ (2,998)
Ending balance partnership exchangeable units (in shares) at Mar. 31, 2021							155,040,667
Beginning balance Class A (in shares) at Dec. 31, 2020					202,006,067
Beginning balances at Dec. 31, 2020	3,721	(1,275)	4		$ 7,994		$ (3,002)
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2020							155,113,338
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	662
Other comprehensive income (loss)	263
Ending balance Class A (in shares) at Jun. 30, 2021					202,006,067
Ending balances at Jun. 30, 2021	4,259	(1,012)	4		$ 8,222		$ (2,955)
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2021							154,952,900
Beginning balance Class A (in shares) at Mar. 31, 2021					202,006,067
Beginning balances at Mar. 31, 2021	4,002	(1,072)	6		$ 8,066		$ (2,998)
Beginning balance partnership exchangeable unit (in shares) at Mar. 31, 2021							155,040,667
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions declared on Class A common units	(164)				(164)
Distributions declared on partnership exchangeable units	(82)						$ (82)
Exchange of Partnership exchangeable units for RBI common shares	0				6		$ (6)
Exchange of Partnership exchangeable units for RBI common shares (in shares)							(87,767)
Capital contribution from RBI	55				55
Restaurant VIE contributions (distributions)	(3)		(3)
Net income	391		1		$ 259		$ 131
Other comprehensive income (loss)	60	60
Ending balance Class A (in shares) at Jun. 30, 2021					202,006,067
Ending balances at Jun. 30, 2021	4,259	(1,012)	4		$ 8,222		$ (2,955)
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2021							154,952,900
Beginning balance Class A (in shares) at Dec. 31, 2021				202,006,067	202,006,067
Beginning balances at Dec. 31, 2021	3,853	(1,024)	3		$ 8,421		$ (3,547)
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2021						144,993,458	144,993,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions declared on Class A common units	(167)				(167)
Distributions declared on partnership exchangeable units	(78)						$ (78)
Exchange of Partnership exchangeable units for RBI common shares	0				84		$ (84)
Exchange of Partnership exchangeable units for RBI common shares (in shares)							(1,525,900)
Distribution to RBI for repurchase of RBI common shares	(161)			$ (161)
Capital contribution from RBI	40				40
Restaurant VIE contributions (distributions)	(1)		(1)
Net income	270		1		$ 183		$ 86
Other comprehensive income (loss)	205	205
Ending balance Class A (in shares) at Mar. 31, 2022					202,006,067
Ending balances at Mar. 31, 2022	3,961	(819)	3		$ 8,400		$ (3,623)
Ending balance partnership exchangeable units (in shares) at Mar. 31, 2022							143,467,558
Beginning balance Class A (in shares) at Dec. 31, 2021				202,006,067	202,006,067
Beginning balances at Dec. 31, 2021	3,853	(1,024)	3		$ 8,421		$ (3,547)
Beginning balance partnership exchangeable unit (in shares) at Dec. 31, 2021						144,993,458	144,993,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exchange of Partnership exchangeable units for RBI common shares (in shares)						(1,677,054)
Net income	616
Other comprehensive income (loss)	186
Ending balance Class A (in shares) at Jun. 30, 2022				202,006,067	202,006,067
Ending balances at Jun. 30, 2022	3,909	(838)	3		$ 8,343		$ (3,599)
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2022						143,316,404	143,316,404
Beginning balance Class A (in shares) at Mar. 31, 2022					202,006,067
Beginning balances at Mar. 31, 2022	3,961	(819)	3		$ 8,400		$ (3,623)
Beginning balance partnership exchangeable unit (in shares) at Mar. 31, 2022							143,467,558
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions declared on Class A common units	(166)				(166)
Distributions declared on partnership exchangeable units	(77)						$ (77)
Exchange of Partnership exchangeable units for RBI common shares	0				8		$ (8)
Exchange of Partnership exchangeable units for RBI common shares (in shares)							(151,154)
Distribution to RBI for repurchase of RBI common shares	(165)			$ (165)
Capital contribution from RBI	30				30
Restaurant VIE contributions (distributions)	(1)		(1)
Net income	346		1		$ 236		$ 109
Other comprehensive income (loss)	(19)	(19)
Ending balance Class A (in shares) at Jun. 30, 2022				202,006,067	202,006,067
Ending balances at Jun. 30, 2022	$ 3,909	$ (838)	$ 3		$ 8,343		$ (3,599)
Ending balance partnership exchangeable units (in shares) at Jun. 30, 2022						143,316,404	143,316,404

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Class A common units
Cash dividend declared (in usd per share)	$ 0.82	$ 0.83	$ 0.81	$ 0.81
Partnership exchangeable units
Cash dividend declared (in usd per share)	$ 0.54	$ 0.54	$ 0.53	$ 0.53

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 616	$ 662
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	97	100
Amortization of deferred financing costs and debt issuance discount	14	13
(Income) loss from equity method investments	22	5
(Gain) loss on remeasurement of foreign denominated transactions	(52)	(35)
Net (gains) losses on derivatives	27	42
Share-based compensation and non-cash incentive compensation expense	59	46
Deferred income taxes	0	24
Other	2	(12)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	4	17
Inventories and prepaids and other current assets	(27)	(5)
Accounts and drafts payable	99	103
Other accrued liabilities and gift card liability	(199)	(129)
Tenant inducements paid to franchisees	(6)	(1)
Other long-term assets and liabilities	13	(85)
Net cash provided by operating activities	669	745
Cash flows from investing activities:
Payments for property and equipment	(28)	(46)
Net proceeds from disposal of assets, restaurant closures, and refranchisings	10	14
Net payments in connection with purchase of Firehouse Subs	(12)	0
Settlement/sale of derivatives, net	9	1
Other investing activities, net	(25)	(5)
Net cash (used for) provided by investing activities	(46)	(36)
Cash flows from financing activities:
Proceeds from long-term debt	2	0
Repayments of long-term debt and finance leases	(47)	(54)
Distributions on Class A common and Partnership exchangeable units	(485)	(484)
Distribution to RBI for repurchase of RBI common shares	(326)	0
Capital contribution from RBI	4	56
(Payments) proceeds from derivatives	(6)	(32)
Other financing activities, net	(2)	(2)
Net cash (used for) provided by financing activities	(860)	(516)
Effect of exchange rates on cash and cash equivalents	(12)	9
Increase (decrease) in cash and cash equivalents	(249)	202
Cash and cash equivalents at beginning of period	1,087	1,560
Cash and cash equivalents at end of period	838	1,762
Supplemental cash flow disclosures:
Interest paid	209	198
Income taxes paid	$ 120	$ 142

Description of Business and Org

Description of Business and Organization	6 Months Ended
	Jun. 30, 2022
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”) is a Canadian limited partnership. 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”), chicken principally under the Popeyes ® brand (“Popeyes” or “PLK”) and sandwiches under the Firehouse Subs ® brand (“Firehouse” or “FHS”). We are one of the world’s largest quick service restaurant, or QSR, companies as measured by total number of restaurants. As of June 30, 2022, we franchised or owned 5,352 Tim Hortons restaurants, 19,311 Burger King restaurants, 3,851 Popeyes restaurants and 1,233 Firehouse Subs restaurants, for a total of 29,747 restaurants, and operate in more than 100 countries. 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	6 Months Ended
	Jun. 30, 2022
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, 2022. 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. Investments in other affiliates that are owned 50% or less where we have significant influence are accounted for by the equity method. All material intercompany balances and transactions have been eliminated in consolidation. We also consider for consolidation entities in which we have certain interests, where the controlling financial interest may be achieved through arrangements that do not involve voting interests. Such an entity, known as a variable interest entity (“VIE”), is required to be consolidated by its primary beneficiary. The primary beneficiary is the entity that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb losses or the right to receive benefits from the VIE that are significant to it. Our maximum exposure to loss resulting from involvement with VIEs is attributable to accounts and notes receivable balances, outstanding loan guarantees and future lease payments, where applicable. As our franchise and master franchise arrangements provide the franchise and master franchise entities the power to direct the activities that most significantly impact their economic performance, we do not consider ourselves the primary beneficiary of any such entity that might be a VIE. Tim Hortons has historically entered into certain arrangements in which an operator acquires the right to operate a restaurant, but Tim Hortons owns the restaurant’s assets. We perform an analysis to determine if the legal entity in which operations are conducted is a VIE and consolidate a VIE entity if we also determine Tim Hortons is the entity’s primary beneficiary (“Restaurant VIEs”). As of June 30, 2022 and December 31, 2021, we determined that we are the primary beneficiary of 45 and 46 Restaurant VIEs, respectively, and accordingly, have consolidated the results of operations, assets and liabilities, and cash flows of these Restaurant VIEs in our Financial Statements. Material intercompany accounts and transactions have been eliminated in consolidation. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included in the Financial Statements. The results for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the full year. The preparation of consolidated financial statements in conformity with U.S. GAAP and related rules and regulations of the SEC requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. The carrying amounts for cash and cash equivalents, accounts and notes receivable and accounts and drafts payable approximate fair value based on the short-term nature of these amounts.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting Relief for the Transition Away from LIBOR and Certain other Reference Rates – In March 2020 and as clarified in January 2021, the Financial Accounting Standards Board (“FASB”) issued guidance which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. This amendment is effective as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by this new guidance do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationships. During the third quarter of 2021, we adopted certain of the expedients as it relates to hedge accounting as certain of our debt agreements and hedging relationships bear interest at variable rates, primarily U.S. dollar LIBOR. The adoption of and future elections under this new guidance did not and are not expected to have a material impact on our Financial Statements. We will continue to monitor the discontinuance of LIBOR on our debt agreements and hedging relationships.

Firehouse Acquisition

Firehouse Acquisition	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Firehouse Acquisition	Firehouse Acquisition We acquired Firehouse Subs on December 15, 2021 (the “Firehouse Acquisition”) which complements RBI's existing portfolio. Like RBI's other brands, the Firehouse Subs brand is managed independently, while benefiting from the global scale and resources of RBI. The Firehouse Acquisition was accounted for as a business combination using the acquisition method of accounting. Total consideration in connection with the Firehouse Acquisition was $1,016 million. The consideration was funded through cash on hand and $533 million of incremental borrowings under our senior secured term loan facility. Fees and expenses related to the Firehouse Acquisition and related financings totaled approximately $1 million during the six months ended June 30, 2022, consisting of professional fees and compensation related expenses which are classified as general and administrative expenses in the accompanying condensed consolidated statements of operations. During the six months ended June 30, 2022, we adjusted our preliminary estimate of the fair value of net assets acquired. The preliminary allocation of consideration to the net tangible and intangible assets acquired is presented in the table below (in millions): December 15, 2021 Total current assets $ 21 Property and equipment 4 Firehouse Subs brand 816 Franchise agreements 19 Operating lease assets 9 Total liabilities (48) Total identifiable net assets 821 Goodwill 195 Total consideration $ 1,016 The adjustments to the preliminary estimate of net assets acquired and a decrease in total consideration resulted in a corresponding decrease in estimated goodwill due to the following changes to preliminary estimates of fair values and allocation of purchase price (in millions): Increase (Decrease) in Goodwill Change in: Operating lease assets $ (9) Firehouse Subs brand (48) Franchise agreements (19) Total liabilities 35 Total consideration (17) Total decrease in goodwill $ (58) The purchase price allocation reflects preliminary fair value estimates based on management's analysis, including preliminary work performed by third-party valuation specialists. We will continue to obtain information to assist in determining the fair value of net assets acquired during the measurement period. The Firehouse Subs brand has been assigned an indefinite life and, therefore, will not be amortized, but rather tested annually for impairment. Franchise agreements have a weighted average amortization period of 18 years. Goodwill attributable to the Firehouse Acquisition will be amortized and deductible for tax purposes. Goodwill is considered to represent the value associated with the workforce and synergies anticipated to be realized as a combined company. We have not yet allocated goodwill related to the Firehouse Acquisition to reporting units for goodwill impairment testing purposes. Goodwill will be allocated to reporting units when the purchase price allocation is finalized during the measurement period.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases Property revenues consist primarily of lease income from operating leases and earned income on direct financing leases and sales-type leases with franchisees as follows (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Lease income - operating leases Minimum lease payments $ 101 $ 117 $ 214 $ 230 Variable lease payments 106 84 179 150 Amortization of favorable and unfavorable income lease contracts, net 1 1 1 2 Subtotal - lease income from operating leases 208 202 394 382 Earned income on direct financing and sales-type leases 1 1 3 3 Total property revenues $ 209 $ 203 $ 397 $ 385
Leases	Leases Property revenues consist primarily of lease income from operating leases and earned income on direct financing leases and sales-type leases with franchisees as follows (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Lease income - operating leases Minimum lease payments $ 101 $ 117 $ 214 $ 230 Variable lease payments 106 84 179 150 Amortization of favorable and unfavorable income lease contracts, net 1 1 1 2 Subtotal - lease income from operating leases 208 202 394 382 Earned income on direct financing and sales-type leases 1 1 3 3 Total property revenues $ 209 $ 203 $ 397 $ 385

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Contract Liabilities Contract liabilities consist of deferred revenue resulting from initial and renewal franchise fees paid by franchisees, as well as upfront fees paid by master franchisees, which are generally recognized on a straight-line basis over the term of the underlying agreement. We may recognize unamortized upfront fees when a contract with a franchisee or master franchisee is modified and is accounted for as a termination of the existing contract. We classify these contract liabilities as Other liabilities, net in our condensed consolidated balance sheets. The following table reflects the change in contract liabilities between December 31, 2021 and June 30, 2022 (in millions): Contract Liabilities TH BK PLK FHS Consolidated Balance at December 31, 2021 $ 65 $ 410 $ 56 $ — $ 531 Effect of business combination — — — 8 8 Recognized during period and included in the contract liability balance at the beginning of the year (5) (21) (2) (1) (29) Increase, excluding amounts recognized as revenue during the period 6 15 6 1 28 Impact of foreign currency translation (1) (13) — — (14) Balance at June 30, 2022 $ 65 $ 391 $ 60 $ 8 $ 524 The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2022 (in millions): Contract liabilities expected to be recognized in TH BK PLK FHS Consolidated Remainder of 2022 $ 5 $ 17 $ 2 $ 1 $ 25 2023 10 33 4 2 49 2024 9 32 4 1 46 2025 8 31 4 1 44 2026 7 30 4 1 42 Thereafter 26 248 42 2 318 Total $ 65 $ 391 $ 60 $ 8 $ 524 Disaggregation of Total Revenues Total revenues consist of the following (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Sales $ 708 $ 590 $ 1,317 $ 1,097 Royalties 438 389 841 735 Property revenues 209 203 397 385 Franchise fees and other revenue 29 20 53 40 Advertising revenues and other services 255 236 482 441 Total revenues $ 1,639 $ 1,438 $ 3,090 $ 2,698

Earnings per Unit

Earnings per Unit	6 Months Ended
	Jun. 30, 2022
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. 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 Six Months Ended 2022 2021 2022 2021 Allocation of net income among partner interests: Net income allocated to Class A common unitholders $ 236 $ 259 $ 419 $ 438 Net income allocated to Partnership exchangeable unitholders 109 131 195 222 Net income attributable to common unitholders $ 345 $ 390 $ 614 $ 660 Denominator - basic and diluted partnership units: Weighted average Class A common units 202 202 202 202 Weighted average Partnership exchangeable units 143 155 144 155 Earnings per unit - basic and diluted: Class A common units (a) $ 1.17 $ 1.28 $ 2.07 $ 2.17 Partnership exchangeable units (a) $ 0.77 $ 0.84 $ 1.36 $ 1.43 (a) Earnings per unit may not recalculate exactly as it is calculated based on unrounded numbers.

Intangible Assets, net and Good

Intangible Assets, net and Goodwill	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net and Goodwill	Intangible Assets, net and Goodwill Intangible assets, net and goodwill consist of the following (in millions): As of June 30, 2022 December 31, 2021 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 724 $ (298) $ 426 $ 722 $ (290) $ 432 Favorable leases 94 (57) 37 104 (63) 41 Subtotal 818 (355) 463 826 (353) 473 Indefinite-lived intangible assets: Tim Hortons brand $ 6,586 $ — $ 6,586 $ 6,695 $ — $ 6,695 Burger King brand 2,076 — 2,076 2,126 — 2,126 Popeyes brand 1,355 — 1,355 1,355 — 1,355 Firehouse Subs brand 816 — 816 768 — 768 Subtotal 10,833 — 10,833 10,944 — 10,944 Intangible assets, net $ 11,296 $ 11,417 Goodwill Tim Hortons segment $ 4,239 $ 4,306 Burger King segment 587 601 Popeyes segment 846 846 Firehouse Subs segment 194 253 Total $ 5,866 $ 6,006 Amortization expense on intangible assets totaled $10 million and $11 million for the three months ended June 30, 2022 and 2021, respectively. Amortization expense on intangible assets totaled $20 million and $21 million for the six months ended June 30, 2022 and 2021, respectively. The change in the franchise agreements, brands and goodwill balances during the six months ended June 30, 2022 was due to the impact of foreign currency translation and the impact of adjustments to the preliminary allocation of consideration to the net tangible and intangible assets acquired in the Firehouse Acquisition.

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments The aggregate carrying amounts of our equity method investments were $189 million and $194 million as of June 30, 2022 and December 31, 2021, respectively, and are included as a component of Other assets, net in our accompanying condensed consolidated balance sheets. Except for the following equity method investments, no quoted market prices are available for our other equity method investments. The aggregate market value of our 15% equity interest in Carrols Restaurant Group, Inc. based on the quoted market price on June 30, 2022 was approximately $19 million. The aggregate market value of our 9.4% equity interest in BK Brasil Operação e Assessoria a Restaurantes S.A. based on the quoted market price on June 30, 2022 was approximately $27 million. We have evaluated recent declines in the market value of these equity method investments and concluded they are not other than temporary and as such no impairments have been recognized in the current period. We have equity interests in entities that own or franchise Tim Hortons, Burger King and Popeyes 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 Six Months Ended 2022 2021 2022 2021 Revenues from affiliates: Royalties $ 86 $ 78 $ 174 $ 143 Advertising revenues and other services 18 15 34 28 Property revenues 8 8 15 16 Franchise fees and other revenue 5 4 9 8 Total $ 117 $ 105 $ 232 $ 195 At June 30, 2022 and December 31, 2021, we had $38 million and $48 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. With respect to our TH business, the most significant equity method investment is our 50% joint venture interest with The Wendy’s Company (the “TIMWEN Partnership”), which jointly holds real estate underlying Canadian combination restaurants. Distributions received from this joint venture were $2 million and $3 million during the three months ended June 30, 2022 and 2021, respectively. Distributions received from this joint venture were $5 million and $6 million during the six months ended June 30, 2022 and 2021, respectively. Associated with the TIMWEN Partnership, we recognized $5 million and $4 million of rent expense during the three months ended June 30, 2022 and 2021, respectively, and recognized $9 million and $8 million of rent expense during the six months ended June 30, 2022 and 2021, respectively. (Income) loss from equity method investments reflects our share of investee net income or loss and non-cash dilution gains or losses from changes in our ownership interests in equity investees.

Other Accrued Liabilities and O

Other Accrued Liabilities and Other Liabilities, net	6 Months Ended
	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
Other Accrued Liabilities and Other Liabilities, net	Other Accrued Liabilities and Other Liabilities, net Other accrued liabilities (current) and Other liabilities, net (noncurrent) consist of the following (in millions): As of June 30, December 31, Current: Distribution payable $ 243 $ 241 Interest payable 68 63 Accrued compensation and benefits 67 99 Taxes payable 88 106 Deferred income 47 48 Accrued advertising expenses 30 43 Restructuring and other provisions 20 90 Current portion of operating lease liabilities 141 140 Other 79 117 Other accrued liabilities $ 783 $ 947 Noncurrent: Taxes payable $ 541 $ 533 Contract liabilities 524 531 Derivatives liabilities 234 575 Unfavorable leases 58 65 Accrued pension 47 47 Deferred income 46 37 Other 27 34 Other liabilities, net $ 1,477 $ 1,822

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in millions): As of June 30, December 31, Term Loan B $ 5,216 $ 5,243 Term Loan A 1,250 1,250 3.875% First Lien Senior Notes due 2028 1,550 1,550 3.50% First Lien Senior Notes due 2029 750 750 5.75% First Lien Senior Notes due 2025 500 500 4.375% Second Lien Senior Notes due 2028 750 750 4.00% Second Lien Senior Notes due 2030 2,900 2,900 TH Facility and other 168 173 Less: unamortized deferred financing costs and deferred issue discount (125) (138) Total debt, net 12,959 12,978 Less: current maturities of debt (78) (62) Total long-term debt $ 12,881 $ 12,916 Revolving Credit Facility As of June 30, 2022, we had no amounts outstanding under our senior secured revolving credit facility (the “Revolving Credit Facility”), had $2 million of letters of credit issued against the Revolving Credit Facility, and our borrowing availability under our Revolving Credit Facility was $998 million. Funds available under the Revolving Credit Facility may be used to repay other debt, finance debt or RBI share repurchases or repurchases of Class B exchangeable limited partnership units, fund acquisitions or capital expenditures and for other general corporate purposes. We have a $125 million letter of credit sublimit as part of the Revolving Credit Facility, which reduces our borrowing availability thereunder by the cumulative amount of outstanding letters of credit. TH Facility One of our subsidiaries entered into a non-revolving delayed drawdown term credit facility in a total aggregate principal amount of C$225 million with a maturity date of October 4, 2025 (the “TH Facility”). The interest rate applicable to the TH Facility is the Canadian Bankers’ Acceptance rate plus an applicable margin equal to 1.40% or the Prime Rate plus an applicable margin equal to 0.40%, at our option. Obligations under the TH Facility are guaranteed by four of our subsidiaries, and amounts borrowed under the TH Facility are secured by certain parcels of real estate. As of June 30, 2022, we had approximately C$208 million outstanding under the TH Facility with a weighted average interest rate of 4.00%. RE Facility One of our subsidiaries entered into a non-revolving delayed drawdown term credit facility in a total aggregate principal amount of $50 million with a maturity date of October 12, 2028 (the “RE Facility”). The interest rate applicable to the RE Facility is, at our option, either (i) a base rate, subject to a floor of 0.50%, plus an applicable margin of 0.50% or (ii) Adjusted Term SOFR (Adjusted Term SOFR is calculated as Term SOFR plus a margin based on duration), subject to a floor of 0.00%, plus an applicable margin of 1.50%. Obligations under the RE Facility are guaranteed by four of our subsidiaries, and amounts borrowed under the RE Facility are secured by certain parcels of real estate. As of June 30, 2022, we had approximately $2 million outstanding under the RE Facility with a weighted average interest rate of 2.59%. Restrictions and Covenants As of June 30, 2022, we were in compliance with all applicable financial debt covenants under our senior secured term loan facilities and Revolving Credit Facility (together the "Credit Facilities"), the TH Facility, the RE Facility, and the indentures governing our Senior Notes. Fair Value Measurement The following table presents the fair value of our variable rate term debt and senior notes, estimated using inputs based on bid and offer prices that are Level 2 inputs, and principal carrying amount (in millions): As of June 30, December 31, Fair value of our variable term debt and senior notes $ 11,697 $ 12,851 Principal carrying amount of our variable term debt and senior notes 12,916 12,943 Interest Expense, net Interest expense, net consists of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Debt (a) $ 118 $ 115 $ 233 $ 228 Finance lease obligations 5 5 10 10 Amortization of deferred financing costs and debt issuance discount 7 6 14 13 Interest income (1) — (1) (1) Interest expense, net $ 129 $ 126 $ 256 $ 250 (a) Amount includes $12 million and $11 million benefit during the three months ended June 30, 2022 and 2021, respectively, and $23 million benefit during the six months ended June 30, 2022 and 2021, related to the quarterly net settlements of our cross-currency rate swaps and amortization of the Excluded Component as defined in Note 14, Derivatives .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesOur effective tax rate was 15.9% and 16.2% for the three and six months ended June 30, 2022, respectively. The effective tax rate during these periods reflects the mix of income from multiple tax jurisdictions, the impact of internal financing arrangements and favorable structural changes. Our effective tax rate was (8.1)% and 2.6% for the three and six months ended June 30, 2021, respectively. The effective tax rate was primarily the result of net reserve releases of $89 million and $87 million during the three and six months ended June 30, 2021, respectively, related to expiring statutes of limitation for certain prior tax years which reduced our effective tax rate by approximately 24.7% and 12.8% for the three and six months ended June 30, 2021, respectively. The effective tax rate during these periods also reflects the mix of income from multiple tax jurisdictions and the impact of internal financing arrangements.

Equity

Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Equity	Equity During the six months ended June 30, 2022, Partnership exchanged 1,677,054 Partnership exchangeable units pursuant to exchange notices received. In accordance with the terms of the partnership agreement, Partnership satisfied the exchange notices by exchanging these Partnership exchangeable units for the same number of newly issued RBI common shares. The issuances of shares were accounted for as capital contributions by RBI to Partnership. The exchanges of Partnership exchangeable units were recorded as increases to the Class A common units balance within partners’ capital in our consolidated balance sheet in an amount equal to the market value of the newly issued RBI common shares and a reduction to the Partnership exchangeable units balance within partners’ capital of our consolidated balance sheet in an amount equal to the cash paid by Partnership, if any, and the market value of the newly issued RBI common shares. Pursuant to the terms of the partnership agreement, upon the exchange of Partnership exchangeable units, each such Partnership exchangeable unit is automatically deemed cancelled concurrently with the exchange. Distribution to RBI to Repurchase RBI Common Shares During the six months ended June 30, 2022, Partnership distributed to RBI $326 million to repurchase RBI common shares. 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) Balance at December 31, 2021 $ 196 $ (30) $ (1,190) $ (1,024) Foreign currency translation adjustment — — (288) (288) Net change in fair value of derivatives, net of tax 435 — — 435 Amounts reclassified to earnings of cash flow hedges, net of tax 37 — — 37 Gain (loss) recognized on other, net of tax — 2 — 2 Balance at June 30, 2022 $ 668 $ (28) $ (1,478) $ (838)

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2022
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 and derivatives designated as net investment hedges. We use derivatives to manage our exposure to fluctuations in interest rates and currency exchange rates. Interest Rate Swaps At June 30, 2022, we had outstanding receive-variable, pay-fixed interest rate swaps with a total notional value of $3,500 million to hedge the variability in the interest payments on a portion of our senior secured term loan facilities (the “Term Loan Facilities”), including any subsequent refinancing or replacement of the Term Loan Facilities, beginning August 31, 2021 through the termination date of October 31, 2028. Additionally, at June 30, 2022, we also had outstanding receive-variable, pay-fixed interest rate swaps with a total notional value of $500 million to hedge the variability in the interest payments on a portion of our Term Loan Facilities effective September 30, 2019 through the termination date of September 30, 2026. At inception, all of these interest rate swaps were designated as cash flow hedges for hedge accounting. The unrealized changes in market value are recorded in AOCI and reclassified into interest expense during the period in which the hedged forecasted transaction affects earnings. The net amount of pre-tax gains in connection with these net unrealized gains in AOCI as of June 30, 2022 that we expect to be reclassified into interest expense within the next 12 months is $23 million. Cross-Currency Rate Swaps To protect the value of our investments in our foreign operations against adverse changes in foreign currency exchange rates, we hedge a portion of our net investment in one or more of our foreign subsidiaries by using cross-currency rate swaps. At June 30, 2022, we had outstanding cross-currency rate swap contracts between the Canadian dollar and U.S. dollar and the Euro and U.S. dollar that have been designated as net investment hedges of a portion of our equity in foreign operations in those currencies. The component of the gains and losses on our net investment in these designated foreign operations driven by changes in foreign exchange rates are economically partly offset by movements in the fair value of our cross-currency swap contracts. The fair value of the swaps is calculated each period with changes in fair value reported in AOCI, net of tax. Such amounts will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. At June 30, 2022, we had outstanding fixed-to-fixed cross-currency rate swaps to partially hedge the net investment in our Canadian subsidiaries. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as net investment hedges. These swaps are contracts to exchange quarterly fixed-rate interest payments we make on the Canadian dollar notional amount of C$6,754 million for quarterly fixed-rate interest payments we receive on the U.S. dollar notional amount of $5,000 million through the maturity date of June 30, 2023. At June 30, 2022, we had outstanding cross-currency rate swaps in which we pay quarterly fixed-rate interest payments on the Euro notional value of €1,108 million and receive quarterly fixed-rate interest payments on the U.S. dollar notional value of $1,200 million. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as a net investment hedge. During 2018, we extended the term of the swaps from March 31, 2021 to the maturity date of February 17, 2024. The extension of the term resulted in a re-designation of the hedge and the swaps continue to be accounted for as a net investment hedge. Additionally, at June 30, 2022, we also had outstanding cross-currency rate swaps in which we receive quarterly fixed-rate interest payments on the U.S. dollar notional value of $400 million, entered during 2018, and $500 million, entered during 2019, through the maturity date of February 17, 2024 and $150 million, entered during 2021, through the maturity date of October 31, 2028. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as a net investment hedge. The fixed-to-fixed cross-currency rate swaps hedging Canadian dollar and Euro net investments utilized the forward method of effectiveness assessment prior to March 15, 2018. On March 15, 2018, we de-designated and subsequently re-designated the outstanding fixed to fixed cross-currency rate swaps to prospectively use the spot method of hedge effectiveness assessment. Additionally, as a result of adopting new hedge accounting guidance during 2018, we elected to exclude the interest component (the “Excluded Component”) from the accounting hedge without affecting net investment hedge accounting and elected to amortize the Excluded Component over the life of the derivative instrument. The amortization of the Excluded Component is recognized in Interest expense, net in the condensed consolidated statement of operations. The change in fair value that is not related to the Excluded Component is recorded in AOCI and will be reclassified to earnings when the foreign subsidiaries are sold or substantially liquidated. Foreign Currency Exchange Contracts We use foreign exchange derivative instruments to manage the impact of foreign exchange fluctuations on U.S. dollar purchases and payments, such as coffee purchases made by our Canadian Tim Hortons operations. At June 30, 2022, 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 $210 million with maturities to August 2023. We have designated these instruments as cash flow hedges, and as such, the unrealized changes in market value of effective hedges are recorded in AOCI and are reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Credit Risk By entering into derivative contracts, we are exposed to counterparty credit risk. Counterparty credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is in an asset position, the counterparty has a liability to us, which creates credit risk for us. We attempt to minimize this risk by selecting counterparties with investment grade credit ratings and regularly monitoring our market position with each counterparty. Credit-Risk Related Contingent Features Our derivative instruments do not contain any credit-risk related contingent features. Quantitative Disclosures about Derivative Instruments and Fair Value Measurements The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions): Gain or (Loss) Recognized in Other Comprehensive Income (Loss) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges (1) Interest rate swaps $ 107 $ (44) $ 330 $ 85 Forward-currency contracts $ 6 $ (1) $ 4 $ (2) Derivatives designated as net investment hedges Cross-currency rate swaps $ 264 $ (92) $ 204 $ (83) (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 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges Interest rate swaps Interest expense, net $ (23) $ (31) $ (52) $ (61) Forward-currency contracts Cost of sales $ 1 $ (2) $ 2 $ (4) Location of Gain or (Loss) Recognized in Earnings Gain or (Loss) Recognized in Earnings Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Derivatives designated as net investment hedges Cross-currency rate swaps Interest expense, net $ 12 $ 11 $ 23 $ 23 Fair Value as of June 30, December 31, 2021 Balance Sheet Location Assets: Derivatives designated as cash flow hedges Interest rate $ 131 $ — Other assets, net Foreign currency 4 2 Prepaids and other current assets Derivatives designated as net investment hedges Foreign currency 107 23 Other assets, net Total assets at fair value $ 242 $ 25 Liabilities: Derivatives designated as cash flow hedges Interest rate $ — $ 220 Other liabilities, net Derivatives designated as net investment hedges Foreign currency 234 355 Other liabilities, net Total liabilities at fair value $ 234 $ 575

Other Operating Expenses (Incom

Other Operating Expenses (Income), net	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Other Operating Expenses (Income), net	Other Operating Expenses (Income), net Other operating expenses (income), net consist of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net losses (gains) on disposal of assets, restaurant closures, and refranchisings $ (1) $ 1 $ 1 $ (1) Litigation settlements (gains) and reserves, net 2 1 3 3 Net losses (gains) on foreign exchange (31) 8 (52) (35) Other, net 5 (2) 7 (1) Other operating expenses (income), net $ (25) $ 8 $ (41) $ (34) Net losses (gains) on disposal of assets, restaurant closures, and refranchisings represent sales of properties and other costs related to restaurant closures and refranchisings. Gains and losses recognized in the current period may reflect certain costs related to closures and refranchisings that occurred in previous periods. Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation From time to time, we are involved in legal proceedings arising in the ordinary course of business relating to matters including, but not limited to, disputes with franchisees, suppliers, employees and customers, as well as disputes over our intellectual property. On October 5, 2018, a class action complaint was filed against Burger King Worldwide, Inc. (“BKW”) and Burger King Corporation (“BKC”) in the U.S. District Court for the Southern District of Florida by Jarvis Arrington, individually and on behalf of all others similarly situated. On October 18, 2018, a second class action complaint was filed against RBI, BKW and BKC in the U.S. District Court for the Southern District of Florida by Monique Michel, individually and on behalf of all others similarly situated. On October 31, 2018, a third class action complaint was filed against BKC and BKW in the U.S. District Court for the Southern District of Florida by Geneva Blanchard and Tiffany Miller, individually and on behalf of all others similarly situated. On November 2, 2018, a fourth class action complaint was filed against RBI, BKW and BKC in the U.S. District Court for the Southern District of Florida by Sandra Muster, individually and on behalf of all others similarly situated. These complaints have been consolidated and allege that the defendants violated Section 1 of the Sherman Act by incorporating an employee no-solicitation and no-hiring clause in the standard form franchise agreement all Burger King franchisees are required to sign. Each plaintiff seeks injunctive relief and damages for himself or herself and other members of the class. On March 24, 2020, the Court granted BKC’s motion to dismiss for failure to state a claim and on April 20, 2020 the plaintiffs filed a motion for leave to amend their complaint. On April 27, 2020, BKC filed a motion opposing the motion for leave to amend. The court denied the plaintiffs motion for leave to amend their complaint in August 2020 and the plaintiffs appealed this ruling. Oral arguments for the appeal were heard in September 2021 and the parties await a ruling on the appeal. While we currently believe these claims are without merit, we are unable to predict the ultimate outcome of this case or estimate the range of possible loss, if any. On June 30, 2020, a class action complaint was filed against RBI, Partnership and The TDL Group Corp. in the Quebec Superior Court by Steve Holcman, individually and on behalf of all Quebec residents who downloaded the Tim Hortons mobile application. On July 2, 2020, a Notice of Action related to a second class action complaint was filed against RBI, in the Ontario Superior Court by Ashley Sitko and Ashley Cadeau, individually and on behalf of all Canadian residents who downloaded the Tim Hortons mobile application. On August 31, 2020, a notice of claim was filed against RBI in the Supreme Court of British Columbia by Wai Lam Jacky Law on behalf of all persons in Canada who downloaded the Tim Hortons mobile application or the Burger King mobile application. On September 30, 2020, a notice of action was filed against RBI, Partnership, The TDL Group Corp., BKW and Popeyes Louisiana Kitchen, Inc. in the Ontario Superior Court of Justice by William Jung on behalf of a to be determined class. All of the complaints allege that the defendants violated the plaintiff’s privacy rights, the Personal Information Protection and Electronic Documents Act, consumer protection and competition laws or app-based undertakings to users, in each case in connection with the collection of geolocation data through the Tim Hortons mobile application, and in certain cases, the Burger King and Popeyes mobile applications. Each plaintiff seeks injunctive relief and monetary damages for himself or herself and other members of the class. The parties have reached a national settlement of all cases, subject to court approval at a hearing scheduled for September 6, 2022, pursuant to which The TDL Group Corp. will provide each member of the class one hot beverage and one baked good and will pay plaintiffs legal fees, in an amount which we believe will be immaterial. On October 26, 2020, City of Warwick Municipal Employees Pension Fund, a purported stockholder of RBI, individually and putatively on behalf of all other stockholders similarly situated, filed a lawsuit in the Supreme Court of the State of New York County of New York naming RBI and certain of its officers, directors and shareholders as defendants alleging violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933, as amended, in connection with certain offerings of securities by an affiliate in August and September 2019. The complaint alleges that the shelf registration statement used in connection with such offering contained certain false and/or misleading statements or omissions. The complaint seeks, among other relief, class certification of the lawsuit, unspecified compensatory damages, rescission, pre-judgement and post-judgement interest, costs and expenses. On December 18, 2020 the plaintiffs filed an amended complaint and on February 16, 2021 RBI filed a motion to dismiss the complaint. The plaintiffs filed a brief in opposition to the motion on April 19, 2021 and RBI filed a reply in May 2021. The motion to dismiss was heard in April 2022 and the motion to dismiss was denied in May 2022. On June 6, 2022, we filed an answer to the complaint and on July 8, 2022, we filed an appeal of the denial of the motion to dismiss. We intend to vigorously defend. While we believe these claims are without merit, we are unable to predict the ultimate outcome of this case or estimate the range of possible loss, if any. In April 2022, BKC was served with two separate purported class action complaints relating to per- and polyfluoroalkyl (“PFAS”) in packaging. Hussain vs. BKC was filed on April 13, 2022 in the U.S. District Court for the Northern District of California, and Cooper v. BKC was filed on April 14, 2022 in the U.S. District Court for the Southern District of Florida. Both complaints allege that certain food products sold by BKC are not safe for human consumption due to the packaging containing allegedly unsafe PFAS and that consumers were misled by the labelling, marketing and packaging claims asserted by BKC regarding the safety and sustainability of the packaging and are seeking compensatory, statutory and punitive damages, injunctive relief, corrective action, and attorneys’ fees. Hussain filed an amended complaint on June 27, 2022 to assert a California-only class. We have filed a motion to dismiss. In June 2022, Cooper voluntarily dismissed the case and then refiled their complaint in state court only on behalf of Florida consumers. While we currently believe these claims are without merit, we are unable to predict the ultimate outcome of these cases or estimate the range of possible loss, if any. Other Disputes

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting As stated in Note 1, Description of Business and Organization , we manage four 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. Under the Firehouse Subs brand, we operate in the specialty subs category of the quick service segment of the restaurant industry. Our business generates revenue from the following sources: (i) franchise and advertising revenues and other services, consisting primarily of royalties and advertising fund contributions based on a percentage of sales reported by franchise restaurants and franchise fees paid by franchisees; (ii) property revenues from properties we lease or sublease to franchisees; and (iii) sales at restaurants owned by us (“Company restaurants”). In addition, our TH business generates revenue from sales to franchisees related to our supply chain operations, including manufacturing, procurement, warehousing and distribution, as well as sales to retailers. We manage each of our brands as an operating segment and each operating segment represents a reportable segment. The following tables present revenues, by segment and by country (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues by operating segment: TH $ 968 $ 831 $ 1,797 $ 1,541 BK 473 459 916 866 PLK 165 148 313 291 FHS 33 — 64 — Total revenues $ 1,639 $ 1,438 $ 3,090 $ 2,698 Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues by country (a): Canada $ 878 $ 754 $ 1,625 $ 1,392 United States 571 515 1,092 993 Other 190 169 373 313 Total revenues $ 1,639 $ 1,438 $ 3,090 $ 2,698 (a) Only Canada and the United States represented 10% or more of our total revenues in each period presented. Our measure of segment income is Adjusted EBITDA. Adjusted EBITDA represents earnings (net income or loss) before interest expense, net, loss on early extinguishment of debt, income tax (benefit) expense, and depreciation and amortization, adjusted to exclude (i) the non-cash impact of share-based compensation and non-cash incentive compensation expense, (ii) (income) loss from equity method investments, net of cash distributions received from equity method investments, (iii) other operating expenses (income), net and, (iv) income/expenses from non-recurring projects and non-operating activities. For the periods referenced, income/expenses from non-recurring projects and non-operating activities included (i) non-recurring fees and expense incurred in connection with the Firehouse Acquisition consisting of professional fees, compensation related expenses and integration costs (“FHS Transaction costs”); and (ii) costs from professional advisory and consulting services associated with certain transformational corporate restructuring initiatives that rationalize our structure and optimize cash movements, including services related to significant tax reform legislation, regulations and related restructuring initiatives (“Corporate restructuring and tax advisory fees”). Adjusted EBITDA is used by management to measure operating performance of the business, excluding these non-cash and other specifically identified items that management believes are not relevant to management’s assessment of our operating performance. A reconciliation of segment income to net income consists of the following (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Segment income: TH $ 274 $ 253 $ 505 $ 460 BK 270 266 499 483 PLK 61 58 117 114 FHS 13 — 27 — Adjusted EBITDA 618 577 1,148 1,057 Share-based compensation and non-cash incentive compensation expense 32 20 59 46 FHS Transaction costs 4 — 5 — Corporate restructuring and tax advisory fees 6 3 9 4 Impact of equity method investments (a) 12 7 28 11 Other operating expenses (income), net (25) 8 (41) (34) EBITDA 589 539 1,088 1,030 Depreciation and amortization 48 51 97 100 Income from operations 541 488 991 930 Interest expense, net 129 126 256 250 Income tax expense 66 (29) 119 18 Net income $ 346 $ 391 $ 616 $ 662 (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	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Information	Supplemental Financial Information 1011778 B.C. Unlimited Liability Company (the “Parent Issuer”) and New Red Finance Inc. (the “Co-Issuer” and together with the Parent Issuer, the “Issuers”) entered into an amended credit agreement, as amended from time to time, that provides for obligations under the Credit Facilities. The Issuers entered into the 3.875% First Lien Senior Notes Indenture with respect to the 3.875% First Lien Senior Notes due 2028. The Issuers entered into the 5.750% First Lien Senior Notes Indenture with respect to the 5.750% First Lien Senior Notes due 2025. The Issuers entered into the 3.500% First Lien Senior Notes Indenture with respect to the 3.500% First Lien Senior Notes due 2029. The Issuers entered into the 4.375% Second Lien Senior Notes Indenture with respect to the 4.375% Second Lien Senior Notes due 2028. The Issuers entered into the 4.000% Second Lien Senior Notes Indenture with respect to the 4.000% Second Lien Senior Notes due 2030. The agreement governing our Credit Facilities, the 3.875% First Lien Senior Notes Indenture, the 3.500% First Lien Senior Notes Indenture, the 5.750% First Lien Senior Notes Indenture, the 4.375% Second Lien Senior Notes Indenture and the 4.000% Second Lien Senior Notes Indenture allow the financial reporting obligation of the Parent Issuer to be satisfied through the reporting of Partnership’s consolidated financial information, provided that the consolidated financial information of the Parent Issuer and its restricted subsidiaries is presented on a standalone basis. The following represents the condensed consolidating financial information for the Parent Issuer and its restricted subsidiaries (“Consolidated Borrowers”) on a consolidated basis, together with eliminations, as of and for the periods indicated. The condensed consolidating financial information of Partnership is combined with the financial information of its wholly-owned subsidiaries that are also parent entities of the Parent Issuer and presented in a single column under the heading “RBILP”. The consolidating financial information may not necessarily be indicative of the financial position, results of operations or cash flows had the Issuers and Partnership operated as independent entities. RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 838 $ — $ — $ 838 Accounts and notes receivable, net 551 — — 551 Inventories, net 114 — — 114 Prepaids and other current assets 65 — — 65 Total current assets 1,568 — — 1,568 Property and equipment, net 1,984 — — 1,984 Operating lease assets, net 1,113 — — 1,113 Intangible assets, net 11,296 — — 11,296 Goodwill 5,866 — — 5,866 Net investment in property leased to franchisees 82 — — 82 Intercompany receivable — 243 (243) — Investment in subsidiaries — 3,909 (3,909) — Other assets, net 845 — — 845 Total assets $ 22,754 $ 4,152 $ (4,152) $ 22,754 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 705 $ — $ — $ 705 Other accrued liabilities 540 243 — 783 Gift card liability 163 — — 163 Current portion of long-term debt and finance leases 112 — — 112 Total current liabilities 1,520 243 — 1,763 Long-term debt, net of current portion 12,881 — — 12,881 Finance leases, net of current portion 326 — — 326 Operating lease liabilities, net of current portion 1,053 — — 1,053 Other liabilities, net 1,477 — — 1,477 Payables to affiliates 243 — (243) — Deferred income taxes, net 1,345 — — 1,345 Total liabilities 18,845 243 (243) 18,845 Partners’ capital: Class A common units — 8,343 — 8,343 Partnership exchangeable units — (3,599) — (3,599) Common shares 2,379 — (2,379) — Retained earnings 2,365 — (2,365) — Accumulated other comprehensive income (loss) (838) (838) 838 (838) Total Partners' capital/shareholders' equity 3,906 3,906 (3,906) 3,906 Noncontrolling interests 3 3 (3) 3 Total equity 3,909 3,909 (3,909) 3,909 Total liabilities and equity $ 22,754 $ 4,152 $ (4,152) $ 22,754 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of December 31, 2021 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,087 $ — $ — $ 1,087 Accounts and notes receivable, net 547 — — 547 Inventories, net 96 — — 96 Prepaids and other current assets 86 — — 86 Total current assets 1,816 — — 1,816 Property and equipment, net 2,035 — — 2,035 Operating lease assets. net 1,130 — — 1,130 Intangible assets, net 11,417 — — 11,417 Goodwill 6,006 — — 6,006 Net investment in property leased to franchisees 80 — — 80 Intercompany receivable — 241 (241) — Investment in subsidiaries — 3,853 (3,853) — Other assets, net 762 — — 762 Total assets $ 23,246 $ 4,094 $ (4,094) $ 23,246 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 614 $ — $ — $ 614 Other accrued liabilities 706 241 — 947 Gift card liability 221 — — 221 Current portion of long-term debt and finance leases 96 — — 96 Total current liabilities 1,637 241 — 1,878 Long-term debt, net of current portion 12,916 — — 12,916 Finance leases, net of current portion 333 — — 333 Operating lease liabilities, net of current portion 1,070 — — 1,070 Other liabilities, net 1,822 — — 1,822 Payables to affiliates 241 — (241) — Deferred income taxes, net 1,374 — — 1,374 Total liabilities 19,393 241 (241) 19,393 Partners’ capital: Class A common units — 8,421 — 8,421 Partnership exchangeable units — (3,547) — (3,547) Common shares 2,635 — (2,635) — Retained earnings 2,239 — (2,239) — Accumulated other comprehensive income (loss) (1,024) (1,024) 1,024 (1,024) Total Partners' capital/shareholders' equity 3,850 3,850 (3,850) 3,850 Noncontrolling interests 3 3 (3) 3 Total equity 3,853 3,853 (3,853) 3,853 Total liabilities and equity $ 23,246 $ 4,094 $ (4,094) $ 23,246 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 708 $ — $ — $ 708 Franchise and property revenues 676 — — 676 Advertising revenues and other services 255 — — 255 Total revenues 1,639 — — 1,639 Operating costs and expenses: Cost of sales 584 — — 584 Franchise and property expenses 125 — — 125 Advertising expenses and other services 259 — — 259 General and administrative expenses 146 — — 146 (Income) loss from equity method investments 9 — — 9 Other operating expenses (income), net (25) — — (25) Total operating costs and expenses 1,098 — — 1,098 Income from operations 541 — — 541 Interest expense, net 129 — — 129 Income before income taxes 412 — — 412 Income tax expense 66 — — 66 Net income 346 — — 346 Equity in earnings of consolidated subsidiaries — 346 (346) — Net income (loss) 346 346 (346) 346 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 345 $ 345 $ (345) $ 345 Comprehensive income (loss) $ 327 $ 327 $ (327) $ 327 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Six Months Ended June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 1,317 $ — $ — $ 1,317 Franchise and property revenues 1,291 — — 1,291 Advertising revenues and other services 482 — — 482 Total revenues 3,090 — — 3,090 Operating costs and expenses: Cost of sales 1,078 — — 1,078 Franchise and property expenses 255 — — 255 Advertising expenses and other services 506 — — 506 General and administrative expenses 279 — — 279 (Income) loss from equity method investments 22 — — 22 Other operating expenses (income), net (41) — — (41) Total operating costs and expenses 2,099 — — 2,099 Income from operations 991 — — 991 Interest expense, net 256 — — 256 Income before income taxes 735 — — 735 Income tax expense 119 — — 119 Net income 616 — — 616 Equity in earnings of consolidated subsidiaries — 616 (616) — Net income (loss) 616 616 (616) 616 Net income (loss) attributable to noncontrolling interests 2 2 (2) 2 Net income (loss) attributable to common unitholders $ 614 $ 614 $ (614) $ 614 Comprehensive income (loss) $ 802 $ 802 $ (802) $ 802 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended June 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 590 $ — $ — $ 590 Franchise and property revenues 612 — — 612 Advertising revenues and other services 236 — — 236 Total revenues 1,438 — — 1,438 Operating costs and expenses: Cost of sales 467 — — 467 Franchise and property expenses 121 — — 121 Advertising expenses and other services 243 — — 243 General and administrative expenses 108 — — 108 (Income) loss from equity method investments 3 — — 3 Other operating expenses (income), net 8 — — 8 Total operating costs and expenses 950 — — 950 Income from operations 488 — — 488 Interest expense, net 126 — — 126 Income before income taxes 362 — — 362 Income tax expense (benefit) (29) — — (29) Net income 391 — — 391 Equity in earnings of consolidated subsidiaries — 391 (391) — Net income (loss) 391 391 (391) 391 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 390 $ 390 $ (390) $ 390 Comprehensive income (loss) $ 451 $ 451 $ (451) $ 451 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Six Months Ended June 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 1,097 $ — $ — $ 1,097 Franchise and property revenues 1,160 — — 1,160 Advertising revenues and other services 441 441 Total revenues 2,698 — — 2,698 Operating costs and expenses: Cost of sales 868 — — 868 Franchise and property expenses 237 — — 237 Advertising expenses and other services 480 — — 480 General and administrative expenses 212 — — 212 (Income) loss from equity method investments 5 — — 5 Other operating expenses (income), net (34) — — (34) Total operating costs and expenses 1,768 — — 1,768 Income from operations 930 — — 930 Interest expense, net 250 — — 250 Income before income taxes 680 — — 680 Income tax expense 18 — — 18 Net income 662 — — 662 Equity in earnings of consolidated subsidiaries — 662 (662) — Net income (loss) 662 662 (662) 662 Net income (loss) attributable to noncontrolling interests 2 2 (2) 2 Net income (loss) attributable to common unitholders $ 660 $ 660 $ (660) $ 660 Comprehensive income (loss) $ 925 $ 925 $ (925) $ 925 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Six months ended June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 616 $ 616 $ (616) $ 616 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (616) 616 — Depreciation and amortization 97 — — 97 Amortization of deferred financing costs and debt issuance discount 14 — — 14 (Income) loss from equity method investments 22 — — 22 (Gain) loss on remeasurement of foreign denominated transactions (52) — — (52) Net (gains) losses on derivatives 27 — — 27 Share-based compensation and non-cash incentive compensation expense 59 — — 59 Other 2 — — 2 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 4 — — 4 Inventories and prepaids and other current assets (27) — — (27) Accounts and drafts payable 99 — — 99 Other accrued liabilities and gift card liability (199) — — (199) Tenant inducements paid to franchisees (6) — — (6) Other long-term assets and liabilities 13 — — 13 Net cash provided by operating activities 669 — — 669 Cash flows from investing activities: Payments for property and equipment (28) — — (28) Net proceeds from disposal of assets, restaurant closures, and refranchisings 10 — — 10 Net payments in connection with purchase of Firehouse Subs (12) — — (12) Settlement/sale of derivatives, net 9 — — 9 Other investing activities, net (25) — — (25) Net cash (used for) provided by investing activities (46) — — (46) Cash flows from financing activities: Proceeds from long-term debt 2 — — 2 Repayments of long-term debt and finance leases (47) — — (47) Distributions on Class A common and Partnership exchangeable units — (485) — (485) Distribution to RBI for repurchase of RBI common shares — (326) — (326) Capital contribution from RBI 4 — — 4 Distributions from subsidiaries (811) 811 — — (Payments) proceeds from derivatives (6) — — (6) Other financing activities, net (2) — — (2) Net cash (used for) provided by financing activities (860) — — (860) Effect of exchange rates on cash and cash equivalents (12) — — (12) Increase (decrease) in cash and cash equivalents (249) — — (249) Cash and cash equivalents at beginning of period 1,087 — — 1,087 Cash and cash equivalents at end of period $ 838 $ — $ — $ 838 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Six Months Ended June 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 662 $ 662 $ (662) $ 662 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (662) 662 — Depreciation and amortization 100 — — 100 Amortization of deferred financing costs and debt issuance discount 13 — — 13 (Income) loss from equity method investments 5 — — 5 (Gain) loss on remeasurement of foreign denominated transactions (35) — — (35) Net (gains) losses on derivatives 42 — — 42 Share-based compensation and non-cash incentive compensation expense 46 — — 46 Deferred income taxes 24 — — 24 Other (12) — — (12) Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 17 — — 17 Inventories and prepaids and other current assets (5) — — (5) Accounts and drafts payable 103 — — 103 Other accrued liabilities and gift card liability (129) — — (129) Tenant inducements paid to franchisees (1) — — (1) Other long-term assets and liabilities (85) — — (85) Net cash provided by operating activities 745 — — 745 Cash flows from investing activities: Payments for property and equipment (46) — — (46) Net proceeds from disposal of assets, restaurant closures, and refranchisings 14 — — 14 Settlement/sale of derivatives, net 1 — — 1 Other investing activities, net (5) — — (5) Net cash (used for) provided by investing activities (36) — — (36) Cash flows from financing activities: Repayments of long-term debt and finance leases (54) — — (54) Distributions on Class A common and Partnership exchangeable units — (484) — (484) Capital contribution from RBI 56 — — 56 Distributions from subsidiaries (484) 484 — — (Payments) proceeds from derivatives (32) — — (32) Other financing activities, net (2) — — (2) Net cash (used for) provided by financing activities (516) — — (516) Effect of exchange rates on cash and cash equivalents 9 — — 9 Increase (decrease) in cash and cash equivalents 202 — — 202 Cash and cash equivalents at beginning of period 1,560 — — 1,560 Cash and cash equivalents at end of period $ 1,762 $ — $ — $ 1,762

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Cash Distributions/Dividends On July 6, 2022, RBI paid a cash dividend of $0.54 per RBI common share to common shareholders of record on June 22, 2022. 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 $0.54 per exchangeable unit to holders of record on June 22, 2022.

Basis of Presentation and Con_2

Basis of Presentation and Consolidation (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	We have prepared the accompanying unaudited condensed consolidated financial statements (the “Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. Therefore, the Financial Statements should be read in conjunction with the audited consolidated financial statements contained in our Annual Report on Form 10-K filed with the SEC and Canadian securities regulatory authorities on February 23, 2022.
Consolidation, Variable Interest Entity	We also consider for consolidation entities in which we have certain interests, where the controlling financial interest may be achieved through arrangements that do not involve voting interests. Such an entity, known as a variable interest entity (“VIE”), is required to be consolidated by its primary beneficiary. The primary beneficiary is the entity that possesses the power to direct the activities of the VIE that most significantly impact its economic performance and has the obligation to absorb losses or the right to receive benefits from the VIE that are significant to it. Our maximum exposure to loss resulting from involvement with VIEs is attributable to accounts and notes receivable balances, outstanding loan guarantees and future lease payments, where applicable. As our franchise and master franchise arrangements provide the franchise and master franchise entities the power to direct the activities that most significantly impact their economic performance, we do not consider ourselves the primary beneficiary of any such entity that might be a VIE.
Use of Estimates	The preparation of consolidated financial statements in conformity with U.S. GAAP and related rules and regulations of the SEC requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. The carrying amounts for cash and cash equivalents, accounts and notes receivable and accounts and drafts payable approximate fair value based on the short-term nature of these amounts.
New Accounting Pronouncements	New Accounting Pronouncements Accounting Relief for the Transition Away from LIBOR and Certain other Reference Rates – In March 2020 and as clarified in January 2021, the Financial Accounting Standards Board (“FASB”) issued guidance which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. This amendment is effective as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by this new guidance do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationships. During the third quarter of 2021, we adopted certain of the expedients as it relates to hedge accounting as certain of our debt agreements and hedging relationships bear interest at variable rates, primarily U.S. dollar LIBOR. The adoption of and future elections under this new guidance did not and are not expected to have a material impact on our Financial Statements. We will continue to monitor the discontinuance of LIBOR on our debt agreements and hedging relationships.
Contract Liabilities	Contract LiabilitiesContract liabilities consist of deferred revenue resulting from initial and renewal franchise fees paid by franchisees, as well as upfront fees paid by master franchisees, which are generally recognized on a straight-line basis over the term of the underlying agreement. We may recognize unamortized upfront fees when a contract with a franchisee or master franchisee is modified and is accounted for as a termination of the existing contract. We classify these contract liabilities as Other liabilities, net in our condensed consolidated balance sheets.
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. 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.

Firehouse Acquisition (Tables)

Firehouse Acquisition (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The preliminary allocation of consideration to the net tangible and intangible assets acquired is presented in the table below (in millions): December 15, 2021 Total current assets $ 21 Property and equipment 4 Firehouse Subs brand 816 Franchise agreements 19 Operating lease assets 9 Total liabilities (48) Total identifiable net assets 821 Goodwill 195 Total consideration $ 1,016
Schedule of Business Acquisitions, by Acquisition	The adjustments to the preliminary estimate of net assets acquired and a decrease in total consideration resulted in a corresponding decrease in estimated goodwill due to the following changes to preliminary estimates of fair values and allocation of purchase price (in millions): Increase (Decrease) in Goodwill Change in: Operating lease assets $ (9) Firehouse Subs brand (48) Franchise agreements (19) Total liabilities 35 Total consideration (17) Total decrease in goodwill $ (58)

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Property Revenues	Property revenues consist primarily of lease income from operating leases and earned income on direct financing leases and sales-type leases with franchisees as follows (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Lease income - operating leases Minimum lease payments $ 101 $ 117 $ 214 $ 230 Variable lease payments 106 84 179 150 Amortization of favorable and unfavorable income lease contracts, net 1 1 1 2 Subtotal - lease income from operating leases 208 202 394 382 Earned income on direct financing and sales-type leases 1 1 3 3 Total property revenues $ 209 $ 203 $ 397 $ 385

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Change in Contract Liabilities	The following table reflects the change in contract liabilities between December 31, 2021 and June 30, 2022 (in millions): Contract Liabilities TH BK PLK FHS Consolidated Balance at December 31, 2021 $ 65 $ 410 $ 56 $ — $ 531 Effect of business combination — — — 8 8 Recognized during period and included in the contract liability balance at the beginning of the year (5) (21) (2) (1) (29) Increase, excluding amounts recognized as revenue during the period 6 15 6 1 28 Impact of foreign currency translation (1) (13) — — (14) Balance at June 30, 2022 $ 65 $ 391 $ 60 $ 8 $ 524
Schedule of Estimated Revenues Expected to be Recognized	The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2022 (in millions): Contract liabilities expected to be recognized in TH BK PLK FHS Consolidated Remainder of 2022 $ 5 $ 17 $ 2 $ 1 $ 25 2023 10 33 4 2 49 2024 9 32 4 1 46 2025 8 31 4 1 44 2026 7 30 4 1 42 Thereafter 26 248 42 2 318 Total $ 65 $ 391 $ 60 $ 8 $ 524
Disaggregation of Total Revenues	Total revenues consist of the following (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Sales $ 708 $ 590 $ 1,317 $ 1,097 Royalties 438 389 841 735 Property revenues 209 203 397 385 Franchise fees and other revenue 29 20 53 40 Advertising revenues and other services 255 236 482 441 Total revenues $ 1,639 $ 1,438 $ 3,090 $ 2,698

Earnings per Unit (Tables)

Earnings per Unit (Tables)	6 Months Ended
	Jun. 30, 2022
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 Six Months Ended 2022 2021 2022 2021 Allocation of net income among partner interests: Net income allocated to Class A common unitholders $ 236 $ 259 $ 419 $ 438 Net income allocated to Partnership exchangeable unitholders 109 131 195 222 Net income attributable to common unitholders $ 345 $ 390 $ 614 $ 660 Denominator - basic and diluted partnership units: Weighted average Class A common units 202 202 202 202 Weighted average Partnership exchangeable units 143 155 144 155 Earnings per unit - basic and diluted: Class A common units (a) $ 1.17 $ 1.28 $ 2.07 $ 2.17 Partnership exchangeable units (a) $ 0.77 $ 0.84 $ 1.36 $ 1.43 (a) Earnings per unit may not recalculate exactly as it is calculated based on unrounded numbers.

Intangible Assets, net and Go_2

Intangible Assets, net and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets, Net and Goodwill	Intangible assets, net and goodwill consist of the following (in millions): As of June 30, 2022 December 31, 2021 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 724 $ (298) $ 426 $ 722 $ (290) $ 432 Favorable leases 94 (57) 37 104 (63) 41 Subtotal 818 (355) 463 826 (353) 473 Indefinite-lived intangible assets: Tim Hortons brand $ 6,586 $ — $ 6,586 $ 6,695 $ — $ 6,695 Burger King brand 2,076 — 2,076 2,126 — 2,126 Popeyes brand 1,355 — 1,355 1,355 — 1,355 Firehouse Subs brand 816 — 816 768 — 768 Subtotal 10,833 — 10,833 10,944 — 10,944 Intangible assets, net $ 11,296 $ 11,417 Goodwill Tim Hortons segment $ 4,239 $ 4,306 Burger King segment 587 601 Popeyes segment 846 846 Firehouse Subs segment 194 253 Total $ 5,866 $ 6,006

Equity Method Investments (Tabl

Equity Method Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Summary of Franchise and Property Revenues	Franchise and property revenues recognized from franchisees that are owned or franchised by entities in which we have an equity interest consist of the following (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues from affiliates: Royalties $ 86 $ 78 $ 174 $ 143 Advertising revenues and other services 18 15 34 28 Property revenues 8 8 15 16 Franchise fees and other revenue 5 4 9 8 Total $ 117 $ 105 $ 232 $ 195

Other Accrued Liabilities and_2

Other Accrued Liabilities and Other Liabilities, net (Tables)	6 Months Ended
	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Other Accrued Liabilities (Current) and Other Liabilities (NonCurrent), Net	Other accrued liabilities (current) and Other liabilities, net (noncurrent) consist of the following (in millions): As of June 30, December 31, Current: Distribution payable $ 243 $ 241 Interest payable 68 63 Accrued compensation and benefits 67 99 Taxes payable 88 106 Deferred income 47 48 Accrued advertising expenses 30 43 Restructuring and other provisions 20 90 Current portion of operating lease liabilities 141 140 Other 79 117 Other accrued liabilities $ 783 $ 947 Noncurrent: Taxes payable $ 541 $ 533 Contract liabilities 524 531 Derivatives liabilities 234 575 Unfavorable leases 58 65 Accrued pension 47 47 Deferred income 46 37 Other 27 34 Other liabilities, net $ 1,477 $ 1,822

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consists of the following (in millions): As of June 30, December 31, Term Loan B $ 5,216 $ 5,243 Term Loan A 1,250 1,250 3.875% First Lien Senior Notes due 2028 1,550 1,550 3.50% First Lien Senior Notes due 2029 750 750 5.75% First Lien Senior Notes due 2025 500 500 4.375% Second Lien Senior Notes due 2028 750 750 4.00% Second Lien Senior Notes due 2030 2,900 2,900 TH Facility and other 168 173 Less: unamortized deferred financing costs and deferred issue discount (125) (138) Total debt, net 12,959 12,978 Less: current maturities of debt (78) (62) Total long-term debt $ 12,881 $ 12,916
Summary of Fair Value Measurement	The following table presents the fair value of our variable rate term debt and senior notes, estimated using inputs based on bid and offer prices that are Level 2 inputs, and principal carrying amount (in millions): As of June 30, December 31, Fair value of our variable term debt and senior notes $ 11,697 $ 12,851 Principal carrying amount of our variable term debt and senior notes 12,916 12,943
Schedule of Interest Expense, Net	Interest expense, net consists of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Debt (a) $ 118 $ 115 $ 233 $ 228 Finance lease obligations 5 5 10 10 Amortization of deferred financing costs and debt issuance discount 7 6 14 13 Interest income (1) — (1) (1) Interest expense, net $ 129 $ 126 $ 256 $ 250

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2022
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) Balance at December 31, 2021 $ 196 $ (30) $ (1,190) $ (1,024) Foreign currency translation adjustment — — (288) (288) Net change in fair value of derivatives, net of tax 435 — — 435 Amounts reclassified to earnings of cash flow hedges, net of tax 37 — — 37 Gain (loss) recognized on other, net of tax — 2 — 2 Balance at June 30, 2022 $ 668 $ (28) $ (1,478) $ (838)

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values	The following tables present the required quantitative disclosures for our derivative instruments, including their estimated fair values (all estimated using Level 2 inputs) and their location on our condensed consolidated balance sheets (in millions): Gain or (Loss) Recognized in Other Comprehensive Income (Loss) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges (1) Interest rate swaps $ 107 $ (44) $ 330 $ 85 Forward-currency contracts $ 6 $ (1) $ 4 $ (2) Derivatives designated as net investment hedges Cross-currency rate swaps $ 264 $ (92) $ 204 $ (83) (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 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges Interest rate swaps Interest expense, net $ (23) $ (31) $ (52) $ (61) Forward-currency contracts Cost of sales $ 1 $ (2) $ 2 $ (4) Location of Gain or (Loss) Recognized in Earnings Gain or (Loss) Recognized in Earnings Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Derivatives designated as net investment hedges Cross-currency rate swaps Interest expense, net $ 12 $ 11 $ 23 $ 23
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value as of June 30, December 31, 2021 Balance Sheet Location Assets: Derivatives designated as cash flow hedges Interest rate $ 131 $ — Other assets, net Foreign currency 4 2 Prepaids and other current assets Derivatives designated as net investment hedges Foreign currency 107 23 Other assets, net Total assets at fair value $ 242 $ 25 Liabilities: Derivatives designated as cash flow hedges Interest rate $ — $ 220 Other liabilities, net Derivatives designated as net investment hedges Foreign currency 234 355 Other liabilities, net Total liabilities at fair value $ 234 $ 575

Other Operating Expenses (Inc_2

Other Operating Expenses (Income), net (Tables)	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Other Operating Expenses (Income), Net	Other operating expenses (income), net consist of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net losses (gains) on disposal of assets, restaurant closures, and refranchisings $ (1) $ 1 $ 1 $ (1) Litigation settlements (gains) and reserves, net 2 1 3 3 Net losses (gains) on foreign exchange (31) 8 (52) (35) Other, net 5 (2) 7 (1) Other operating expenses (income), net $ (25) $ 8 $ (41) $ (34)

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Revenues by Geographic Segment	The following tables present revenues, by segment and by country (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues by operating segment: TH $ 968 $ 831 $ 1,797 $ 1,541 BK 473 459 916 866 PLK 165 148 313 291 FHS 33 — 64 — Total revenues $ 1,639 $ 1,438 $ 3,090 $ 2,698 Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues by country (a): Canada $ 878 $ 754 $ 1,625 $ 1,392 United States 571 515 1,092 993 Other 190 169 373 313 Total revenues $ 1,639 $ 1,438 $ 3,090 $ 2,698 (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 consists of the following (in millions): Three Months Ended Six Months Ended 2022 2021 2022 2021 Segment income: TH $ 274 $ 253 $ 505 $ 460 BK 270 266 499 483 PLK 61 58 117 114 FHS 13 — 27 — Adjusted EBITDA 618 577 1,148 1,057 Share-based compensation and non-cash incentive compensation expense 32 20 59 46 FHS Transaction costs 4 — 5 — Corporate restructuring and tax advisory fees 6 3 9 4 Impact of equity method investments (a) 12 7 28 11 Other operating expenses (income), net (25) 8 (41) (34) EBITDA 589 539 1,088 1,030 Depreciation and amortization 48 51 97 100 Income from operations 541 488 991 930 Interest expense, net 129 126 256 250 Income tax expense 66 (29) 119 18 Net income $ 346 $ 391 $ 616 $ 662 (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 Inform_2

Supplemental Financial Information (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Balance Sheet	The following represents the condensed consolidating financial information for the Parent Issuer and its restricted subsidiaries (“Consolidated Borrowers”) on a consolidated basis, together with eliminations, as of and for the periods indicated. The condensed consolidating financial information of Partnership is combined with the financial information of its wholly-owned subsidiaries that are also parent entities of the Parent Issuer and presented in a single column under the heading “RBILP”. The consolidating financial information may not necessarily be indicative of the financial position, results of operations or cash flows had the Issuers and Partnership operated as independent entities. RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 838 $ — $ — $ 838 Accounts and notes receivable, net 551 — — 551 Inventories, net 114 — — 114 Prepaids and other current assets 65 — — 65 Total current assets 1,568 — — 1,568 Property and equipment, net 1,984 — — 1,984 Operating lease assets, net 1,113 — — 1,113 Intangible assets, net 11,296 — — 11,296 Goodwill 5,866 — — 5,866 Net investment in property leased to franchisees 82 — — 82 Intercompany receivable — 243 (243) — Investment in subsidiaries — 3,909 (3,909) — Other assets, net 845 — — 845 Total assets $ 22,754 $ 4,152 $ (4,152) $ 22,754 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 705 $ — $ — $ 705 Other accrued liabilities 540 243 — 783 Gift card liability 163 — — 163 Current portion of long-term debt and finance leases 112 — — 112 Total current liabilities 1,520 243 — 1,763 Long-term debt, net of current portion 12,881 — — 12,881 Finance leases, net of current portion 326 — — 326 Operating lease liabilities, net of current portion 1,053 — — 1,053 Other liabilities, net 1,477 — — 1,477 Payables to affiliates 243 — (243) — Deferred income taxes, net 1,345 — — 1,345 Total liabilities 18,845 243 (243) 18,845 Partners’ capital: Class A common units — 8,343 — 8,343 Partnership exchangeable units — (3,599) — (3,599) Common shares 2,379 — (2,379) — Retained earnings 2,365 — (2,365) — Accumulated other comprehensive income (loss) (838) (838) 838 (838) Total Partners' capital/shareholders' equity 3,906 3,906 (3,906) 3,906 Noncontrolling interests 3 3 (3) 3 Total equity 3,909 3,909 (3,909) 3,909 Total liabilities and equity $ 22,754 $ 4,152 $ (4,152) $ 22,754 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In millions of U.S. dollars) As of December 31, 2021 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,087 $ — $ — $ 1,087 Accounts and notes receivable, net 547 — — 547 Inventories, net 96 — — 96 Prepaids and other current assets 86 — — 86 Total current assets 1,816 — — 1,816 Property and equipment, net 2,035 — — 2,035 Operating lease assets. net 1,130 — — 1,130 Intangible assets, net 11,417 — — 11,417 Goodwill 6,006 — — 6,006 Net investment in property leased to franchisees 80 — — 80 Intercompany receivable — 241 (241) — Investment in subsidiaries — 3,853 (3,853) — Other assets, net 762 — — 762 Total assets $ 23,246 $ 4,094 $ (4,094) $ 23,246 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 614 $ — $ — $ 614 Other accrued liabilities 706 241 — 947 Gift card liability 221 — — 221 Current portion of long-term debt and finance leases 96 — — 96 Total current liabilities 1,637 241 — 1,878 Long-term debt, net of current portion 12,916 — — 12,916 Finance leases, net of current portion 333 — — 333 Operating lease liabilities, net of current portion 1,070 — — 1,070 Other liabilities, net 1,822 — — 1,822 Payables to affiliates 241 — (241) — Deferred income taxes, net 1,374 — — 1,374 Total liabilities 19,393 241 (241) 19,393 Partners’ capital: Class A common units — 8,421 — 8,421 Partnership exchangeable units — (3,547) — (3,547) Common shares 2,635 — (2,635) — Retained earnings 2,239 — (2,239) — Accumulated other comprehensive income (loss) (1,024) (1,024) 1,024 (1,024) Total Partners' capital/shareholders' equity 3,850 3,850 (3,850) 3,850 Noncontrolling interests 3 3 (3) 3 Total equity 3,853 3,853 (3,853) 3,853 Total liabilities and equity $ 23,246 $ 4,094 $ (4,094) $ 23,246
Condensed Income Statement	Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 708 $ — $ — $ 708 Franchise and property revenues 676 — — 676 Advertising revenues and other services 255 — — 255 Total revenues 1,639 — — 1,639 Operating costs and expenses: Cost of sales 584 — — 584 Franchise and property expenses 125 — — 125 Advertising expenses and other services 259 — — 259 General and administrative expenses 146 — — 146 (Income) loss from equity method investments 9 — — 9 Other operating expenses (income), net (25) — — (25) Total operating costs and expenses 1,098 — — 1,098 Income from operations 541 — — 541 Interest expense, net 129 — — 129 Income before income taxes 412 — — 412 Income tax expense 66 — — 66 Net income 346 — — 346 Equity in earnings of consolidated subsidiaries — 346 (346) — Net income (loss) 346 346 (346) 346 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 345 $ 345 $ (345) $ 345 Comprehensive income (loss) $ 327 $ 327 $ (327) $ 327 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Six Months Ended June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 1,317 $ — $ — $ 1,317 Franchise and property revenues 1,291 — — 1,291 Advertising revenues and other services 482 — — 482 Total revenues 3,090 — — 3,090 Operating costs and expenses: Cost of sales 1,078 — — 1,078 Franchise and property expenses 255 — — 255 Advertising expenses and other services 506 — — 506 General and administrative expenses 279 — — 279 (Income) loss from equity method investments 22 — — 22 Other operating expenses (income), net (41) — — (41) Total operating costs and expenses 2,099 — — 2,099 Income from operations 991 — — 991 Interest expense, net 256 — — 256 Income before income taxes 735 — — 735 Income tax expense 119 — — 119 Net income 616 — — 616 Equity in earnings of consolidated subsidiaries — 616 (616) — Net income (loss) 616 616 (616) 616 Net income (loss) attributable to noncontrolling interests 2 2 (2) 2 Net income (loss) attributable to common unitholders $ 614 $ 614 $ (614) $ 614 Comprehensive income (loss) $ 802 $ 802 $ (802) $ 802 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended June 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 590 $ — $ — $ 590 Franchise and property revenues 612 — — 612 Advertising revenues and other services 236 — — 236 Total revenues 1,438 — — 1,438 Operating costs and expenses: Cost of sales 467 — — 467 Franchise and property expenses 121 — — 121 Advertising expenses and other services 243 — — 243 General and administrative expenses 108 — — 108 (Income) loss from equity method investments 3 — — 3 Other operating expenses (income), net 8 — — 8 Total operating costs and expenses 950 — — 950 Income from operations 488 — — 488 Interest expense, net 126 — — 126 Income before income taxes 362 — — 362 Income tax expense (benefit) (29) — — (29) Net income 391 — — 391 Equity in earnings of consolidated subsidiaries — 391 (391) — Net income (loss) 391 391 (391) 391 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 390 $ 390 $ (390) $ 390 Comprehensive income (loss) $ 451 $ 451 $ (451) $ 451 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Six Months Ended June 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 1,097 $ — $ — $ 1,097 Franchise and property revenues 1,160 — — 1,160 Advertising revenues and other services 441 441 Total revenues 2,698 — — 2,698 Operating costs and expenses: Cost of sales 868 — — 868 Franchise and property expenses 237 — — 237 Advertising expenses and other services 480 — — 480 General and administrative expenses 212 — — 212 (Income) loss from equity method investments 5 — — 5 Other operating expenses (income), net (34) — — (34) Total operating costs and expenses 1,768 — — 1,768 Income from operations 930 — — 930 Interest expense, net 250 — — 250 Income before income taxes 680 — — 680 Income tax expense 18 — — 18 Net income 662 — — 662 Equity in earnings of consolidated subsidiaries — 662 (662) — Net income (loss) 662 662 (662) 662 Net income (loss) attributable to noncontrolling interests 2 2 (2) 2 Net income (loss) attributable to common unitholders $ 660 $ 660 $ (660) $ 660 Comprehensive income (loss) $ 925 $ 925 $ (925) $ 925
Condensed Cash Flow Statement	Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Six months ended June 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 616 $ 616 $ (616) $ 616 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (616) 616 — Depreciation and amortization 97 — — 97 Amortization of deferred financing costs and debt issuance discount 14 — — 14 (Income) loss from equity method investments 22 — — 22 (Gain) loss on remeasurement of foreign denominated transactions (52) — — (52) Net (gains) losses on derivatives 27 — — 27 Share-based compensation and non-cash incentive compensation expense 59 — — 59 Other 2 — — 2 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 4 — — 4 Inventories and prepaids and other current assets (27) — — (27) Accounts and drafts payable 99 — — 99 Other accrued liabilities and gift card liability (199) — — (199) Tenant inducements paid to franchisees (6) — — (6) Other long-term assets and liabilities 13 — — 13 Net cash provided by operating activities 669 — — 669 Cash flows from investing activities: Payments for property and equipment (28) — — (28) Net proceeds from disposal of assets, restaurant closures, and refranchisings 10 — — 10 Net payments in connection with purchase of Firehouse Subs (12) — — (12) Settlement/sale of derivatives, net 9 — — 9 Other investing activities, net (25) — — (25) Net cash (used for) provided by investing activities (46) — — (46) Cash flows from financing activities: Proceeds from long-term debt 2 — — 2 Repayments of long-term debt and finance leases (47) — — (47) Distributions on Class A common and Partnership exchangeable units — (485) — (485) Distribution to RBI for repurchase of RBI common shares — (326) — (326) Capital contribution from RBI 4 — — 4 Distributions from subsidiaries (811) 811 — — (Payments) proceeds from derivatives (6) — — (6) Other financing activities, net (2) — — (2) Net cash (used for) provided by financing activities (860) — — (860) Effect of exchange rates on cash and cash equivalents (12) — — (12) Increase (decrease) in cash and cash equivalents (249) — — (249) Cash and cash equivalents at beginning of period 1,087 — — 1,087 Cash and cash equivalents at end of period $ 838 $ — $ — $ 838 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Six Months Ended June 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 662 $ 662 $ (662) $ 662 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (662) 662 — Depreciation and amortization 100 — — 100 Amortization of deferred financing costs and debt issuance discount 13 — — 13 (Income) loss from equity method investments 5 — — 5 (Gain) loss on remeasurement of foreign denominated transactions (35) — — (35) Net (gains) losses on derivatives 42 — — 42 Share-based compensation and non-cash incentive compensation expense 46 — — 46 Deferred income taxes 24 — — 24 Other (12) — — (12) Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 17 — — 17 Inventories and prepaids and other current assets (5) — — (5) Accounts and drafts payable 103 — — 103 Other accrued liabilities and gift card liability (129) — — (129) Tenant inducements paid to franchisees (1) — — (1) Other long-term assets and liabilities (85) — — (85) Net cash provided by operating activities 745 — — 745 Cash flows from investing activities: Payments for property and equipment (46) — — (46) Net proceeds from disposal of assets, restaurant closures, and refranchisings 14 — — 14 Settlement/sale of derivatives, net 1 — — 1 Other investing activities, net (5) — — (5) Net cash (used for) provided by investing activities (36) — — (36) Cash flows from financing activities: Repayments of long-term debt and finance leases (54) — — (54) Distributions on Class A common and Partnership exchangeable units — (484) — (484) Capital contribution from RBI 56 — — 56 Distributions from subsidiaries (484) 484 — — (Payments) proceeds from derivatives (32) — — (32) Other financing activities, net (2) — — (2) Net cash (used for) provided by financing activities (516) — — (516) Effect of exchange rates on cash and cash equivalents 9 — — 9 Increase (decrease) in cash and cash equivalents 202 — — 202 Cash and cash equivalents at beginning of period 1,560 — — 1,560 Cash and cash equivalents at end of period $ 1,762 $ — $ — $ 1,762

Description of Business and O_2

Description of Business and Organization - Additional Information (Details)	Jun. 30, 2022 restaurant brand country
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	29,747
Number of countries in which company and franchise restaurants operated (more than) | country	100
Percentage of franchised restaurants	100%
Tim Hortons brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	5,352
Burger King brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	19,311
Popeyes brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	3,851
FHS
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants | brand	1,233

Basis of Presentation and Con_3

Basis of Presentation and Consolidation - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) restaurant	Jun. 30, 2021 USD ($)	Dec. 31, 2021 restaurant
Summary Of Accounting Policies [Line Items]
Revenues	$ 1,639	$ 1,438	$ 3,090	$ 2,698
General and administrative expenses decrease	(146)	(108)	(279)	(212)
Advertising expenses and other services	259	243	506	480
Revision of Prior Period, Reclassification, Adjustment | Technology Expense
Summary Of Accounting Policies [Line Items]
General and administrative expenses decrease		5		6
Advertising expenses and other services		5		6
Advertising revenues and other services
Summary Of Accounting Policies [Line Items]
Revenues	255	236	482	441
Advertising revenues and other services | Revision of Prior Period, Reclassification, Adjustment | Technology Fee
Summary Of Accounting Policies [Line Items]
Revenues		2		2
Franchise and property revenues
Summary Of Accounting Policies [Line Items]
Revenues	$ 676	612	$ 1,291	1,160
Franchise and property revenues | Revision of Prior Period, Reclassification, Adjustment | Technology Fee
Summary Of Accounting Policies [Line Items]
Revenues		$ (2)		$ (2)
Restaurant VIEs
Summary Of Accounting Policies [Line Items]
Number of VIE consolidated restaurants | restaurant			45		46

Firehouse Acquisition - Narrati

Firehouse Acquisition - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Dec. 15, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Proceeds from long-term debt				$ 2	$ 0
Firehouse Subs brand
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 1,016
Firehouse Subs brand | Franchise agreements
Business Acquisition [Line Items]
Weighted average amortization period				18 years
Firehouse Subs brand | Unallocated Management G&A
Business Acquisition [Line Items]
FHS Transaction costs		$ 4	$ 0	$ 5	$ 0
Firehouse Subs brand | Unallocated Management G&A | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
FHS Transaction costs				$ 1
Firehouse Subs brand | Secured Debt
Business Acquisition [Line Items]
Proceeds from long-term debt	$ 533

Firehouse Acquisition - Schedul

Firehouse Acquisition - Schedule of Preliminary Allocation of Consideration to Net Tangible and Intangible Assets Acquired (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Dec. 15, 2021
Business Acquisition [Line Items]
Goodwill	$ 5,866	$ 6,006
Firehouse Subs brand
Business Acquisition [Line Items]
Total current assets			$ 21
Property and equipment			4
Operating lease assets			9
Total liabilities			(48)
Total identifiable net assets			821
Goodwill			195
Total consideration			1,016
Firehouse Subs brand | Franchise agreements
Business Acquisition [Line Items]
Franchise agreements			19
Firehouse Subs brand | Trade names
Business Acquisition [Line Items]
Firehouse Subs brand			$ 816

Firehouse Acquisition - Sched_2

Firehouse Acquisition - Schedule of Adjustments to Net Assets (Details) - Firehouse Subs brand $ in Millions	7 Months Ended
	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Operating lease assets	$ (9)
Total liabilities	35
Total consideration	(17)
Total decrease in goodwill	(58)
Franchise agreements
Business Acquisition [Line Items]
Firehouse Subs brand and Franchise agreements	(19)
Trade names
Business Acquisition [Line Items]
Firehouse Subs brand and Franchise agreements	$ (48)

Leases - Property Revenues (Det

Leases - Property Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lease income - operating leases
Minimum lease payments	$ 101	$ 117	$ 214	$ 230
Variable lease payments	106	84	179	150
Amortization of favorable and unfavorable income lease contracts, net	1	1	1	2
Subtotal - lease income from operating leases	208	202	394	382
Earned income on direct financing and sales-type leases	1	1	3	3
Total property revenues	$ 209	$ 203	$ 397	$ 385

Revenue Recognition - Change In

Revenue Recognition - Change In Contract Liabilities (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Change In Contract With Customer Liability [Roll Forward]
Beginning balance	$ 531
Effect of business combination	8
Recognized during period and included in the contract liability balance at the beginning of the year	(29)
Increase, excluding amounts recognized as revenue during the period	28
Impact of foreign currency translation	(14)
Ending balance	524
TH
Change In Contract With Customer Liability [Roll Forward]
Beginning balance	65
Effect of business combination	0
Recognized during period and included in the contract liability balance at the beginning of the year	(5)
Increase, excluding amounts recognized as revenue during the period	6
Impact of foreign currency translation	(1)
Ending balance	65
BK
Change In Contract With Customer Liability [Roll Forward]
Beginning balance	410
Effect of business combination	0
Recognized during period and included in the contract liability balance at the beginning of the year	(21)
Increase, excluding amounts recognized as revenue during the period	15
Impact of foreign currency translation	(13)
Ending balance	391
PLK
Change In Contract With Customer Liability [Roll Forward]
Beginning balance	56
Effect of business combination	0
Recognized during period and included in the contract liability balance at the beginning of the year	(2)
Increase, excluding amounts recognized as revenue during the period	6
Impact of foreign currency translation	0
Ending balance	60
FHS
Change In Contract With Customer Liability [Roll Forward]
Beginning balance	0
Effect of business combination	8
Recognized during period and included in the contract liability balance at the beginning of the year	(1)
Increase, excluding amounts recognized as revenue during the period	1
Impact of foreign currency translation	0
Ending balance	$ 8

Revenue Recognition - Estimated

Revenue Recognition - Estimated Revenue Recognition (Details) $ in Millions	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 524
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 25
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 49
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 46
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 44
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 42
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 318
Revenue, remaining performance obligation, expected timing of satisfaction, period
TH
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 65
TH | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 5
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
TH | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 10
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
TH | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 9
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
TH | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 8
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
TH | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 7
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
TH | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 26
Revenue, remaining performance obligation, expected timing of satisfaction, period
BK
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 391
BK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 17
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
BK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 33
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
BK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 32
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
BK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 31
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
BK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 30
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
BK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 248
Revenue, remaining performance obligation, expected timing of satisfaction, period
PLK
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 60
PLK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 2
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
PLK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 4
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
PLK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 4
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
PLK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 4
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
PLK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 4
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
PLK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 42
Revenue, remaining performance obligation, expected timing of satisfaction, period
FHS
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 8
FHS | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	1
FHS | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	2
FHS | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	1
FHS | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	1
FHS | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	1
FHS | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 2

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Total Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Property revenues	$ 209	$ 203	$ 397	$ 385
Total revenues	1,639	1,438	3,090	2,698
Sales
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	708	590	1,317	1,097
Total revenues	708	590	1,317	1,097
Royalties
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	438	389	841	735
Franchise fees and other revenue
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	29	20	53	40
Advertising revenues and other services
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	255	236	482	441
Total revenues	$ 255	$ 236	$ 482	$ 441

Earnings per Unit - Basic and D

Earnings per Unit - Basic and Diluted Earnings Per Unit (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 345	$ 390	$ 614	$ 660
Class A common units
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 236	$ 259	$ 419	$ 438
Denominator - basic and diluted partnership units:
Weighted average number of unit outstanding, basic (in shares)	202	202	202	202
Weighted average number of units outstanding, diluted (in shares)	202	202	202	202
Earnings per unit - basic and diluted:
Earnings per unit, basic (in usd per share)	$ 1.17	$ 1.28	$ 2.07	$ 2.17
Earnings per unit, diluted (in usd per share)	$ 1.17	$ 1.28	$ 2.07	$ 2.17
Partnership exchangeable units
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 109	$ 131	$ 195	$ 222
Denominator - basic and diluted partnership units:
Weighted average number of unit outstanding, basic (in shares)	143	155	144	155
Weighted average number of units outstanding, diluted (in shares)	143	155	144	155
Earnings per unit - basic and diluted:
Earnings per unit, basic (in usd per share)	$ 0.77	$ 0.84	$ 1.36	$ 1.43
Earnings per unit, diluted (in usd per share)	$ 0.77	$ 0.84	$ 1.36	$ 1.43

Intangible Assets, net and Go_3

Intangible Assets, net and Goodwill - Schedule of Intangible Assets, net and Goodwill (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross	$ 818	$ 826
Accumulated Amortization	(355)	(353)
Net	463	473
Indefinite-lived Intangible Assets [Line Items]
Intangible assets, net	11,296	11,417
Goodwill [Line Items]
Goodwill	5,866	6,006
Tim Hortons brand
Goodwill [Line Items]
Goodwill	4,239	4,306
Burger King brand
Goodwill [Line Items]
Goodwill	587	601
Popeyes brand
Goodwill [Line Items]
Goodwill	846	846
Firehouse Subs brand
Goodwill [Line Items]
Goodwill	194	253
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	10,833	10,944
Trade names | Tim Hortons brand
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	6,586	6,695
Trade names | Burger King brand
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	2,076	2,126
Trade names | Popeyes brand
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	1,355	1,355
Trade names | Firehouse Subs brand
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	816	768
Franchise agreements
Finite-Lived Intangible Assets [Line Items]
Gross	724	722
Accumulated Amortization	(298)	(290)
Net	426	432
Favorable leases
Finite-Lived Intangible Assets [Line Items]
Gross	94	104
Accumulated Amortization	(57)	(63)
Net	$ 37	$ 41

Intangible Assets, net and Go_4

Intangible Assets, net and Goodwill - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 10	$ 11	$ 20	$ 21

Equity Method Investments - Add

Equity Method Investments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Investment in subsidiaries	$ 0		$ 0		$ 0
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Accounts receivable from equity method investments	38		38		48
Carrols Restaurant Group, Inc.
Schedule of Equity Method Investments [Line Items]
Quoted market price	$ 19		$ 19
BK Brasil
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	9.40%		9.40%
Quoted market price	$ 27		$ 27
Wendy's Company TIMWEN Partnership | Tim Hortons brand
Schedule of Equity Method Investments [Line Items]
Cash distributions	2	$ 3	5	$ 6
Rent expense	$ 5	$ 4	$ 9	$ 8
United States | Carrols Restaurant Group, Inc.
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	15%		15%
Canada | Wendy's Company TIMWEN Partnership
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	50%		50%
Other assets
Schedule of Equity Method Investments [Line Items]
Investment in subsidiaries	$ 189		$ 189		$ 194

Equity Method Investments - Sum

Equity Method Investments - Summary of Franchise and Property Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from affiliates:
Property revenues	$ 209	$ 203	$ 397	$ 385
Total revenues	1,639	1,438	3,090	2,698
Affiliates
Revenues from affiliates:
Total revenues	117	105	232	195
Royalties
Revenues from affiliates:
Revenues	438	389	841	735
Royalties | Affiliates
Revenues from affiliates:
Revenues	86	78	174	143
Advertising revenues and other services
Revenues from affiliates:
Revenues	255	236	482	441
Total revenues	255	236	482	441
Advertising revenues and other services | Affiliates
Revenues from affiliates:
Revenues	18	15	34	28
Property revenues | Affiliates
Revenues from affiliates:
Property revenues	8	8	15	16
Franchise fees and other revenue
Revenues from affiliates:
Revenues	29	20	53	40
Franchise fees and other revenue | Affiliates
Revenues from affiliates:
Revenues	$ 5	$ 4	$ 9	$ 8

Other Accrued Liabilities and_3

Other Accrued Liabilities and Other Liabilities, net - Schedule of Other Accrued Liabilities (Current) and Other Liabilities (NonCurrent), Net (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current:
Distribution payable	$ 243	$ 241
Interest payable	68	63
Accrued compensation and benefits	67	99
Taxes payable	88	106
Deferred income	47	48
Accrued advertising expenses	30	43
Restructuring and other provisions	20	90
Current portion of operating lease liabilities	141	140
Other	79	117
Other accrued liabilities	783	947
Noncurrent:
Taxes payable	541	533
Contract liabilities	524	531
Derivatives liabilities	234	575
Unfavorable leases	58	65
Accrued pension	47	47
Deferred income	46	37
Other	27	34
Other liabilities, net	$ 1,477	$ 1,822
Operating lease, liability, current, statement of financial position [Extensible Enumeration]	Other accrued liabilities	Other accrued liabilities

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
TH Facility and other	$ 168	$ 173
Less: unamortized deferred financing costs and deferred issue discount	(125)	(138)
Total debt, net	12,959	12,978
Less: current maturities of debt	(78)	(62)
Total long-term debt	12,881	12,916
Term Loan B
Debt Instrument [Line Items]
Term loan facility	5,216	5,243
Term Loan A
Debt Instrument [Line Items]
Term loan facility	$ 1,250	1,250
3.875% First Lien Senior Notes due 2028 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	3.875%
Senior notes	$ 1,550	1,550
3.50% First Lien Senior Notes due 2029 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	3.50%
Senior notes	$ 750	750
5.75% First Lien Senior Notes due 2025
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.75%
5.75% First Lien Senior Notes due 2025 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.75%
Senior notes	$ 500	500
4.375% Second Lien Senior Notes due 2028
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.375%
4.375% Second Lien Senior Notes due 2028 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.375%
Senior notes	$ 750	750
4.00% Second Lien Senior Notes due 2030
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4%
4.00% Second Lien Senior Notes due 2030 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4%
Senior notes	$ 2,900	$ 2,900

Long-Term Debt - Revolving Cred

Long-Term Debt - Revolving Credit Facility (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Amount outstanding under credit facility	$ 12,959,000,000	$ 12,978,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Amount outstanding under credit facility	0
Letters of credit issued against credit facility	2,000,000
Remaining borrowing capacity	998,000,000
Letter of credit sublimit as part of revolving credit facility	$ 125,000,000

Long-Term Debt - TH facility (D

Long-Term Debt - TH facility (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) subsidiary	Jun. 30, 2022 CAD ($) subsidiary	Dec. 31, 2021 USD ($)
Line of Credit Facility [Line Items]
Amount outstanding under credit facility	$ 12,959		$ 12,978
TH Facility
Line of Credit Facility [Line Items]
Aggregate principal amount outstanding		$ 225,000,000
Amount outstanding under credit facility		$ 208,000,000
Interest rate	4%	4%
TH Facility | Canadian Bankers' Acceptance Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.40%
TH Facility | Prime Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.40%
TH Facility | Line of Credit
Line of Credit Facility [Line Items]
Number of subsidiaries | subsidiary	1	1
Number of guaranteed subsidiaries | subsidiary	4	4

Long-Term Debt - RE Facility (D

Long-Term Debt - RE Facility (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) subsidiary	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Amount outstanding under credit facility	$ 12,959,000,000	$ 12,978,000,000
R E Facility | Line of Credit
Debt Instrument [Line Items]
Number of subsidiaries | subsidiary	1
Aggregate principal amount outstanding	$ 50,000,000
Number of guaranteed subsidiaries | subsidiary	4
Amount outstanding under credit facility	$ 2,000,000
Interest rate	2.59%
R E Facility | Line of Credit | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
R E Facility | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Interest rate, base rate floor (as a percent)	0%

Long-Term Debt - Schedule of Fa

Long-Term Debt - Schedule of Fair Value Measurement (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Fair value of our variable term debt and senior notes	$ 11,697	$ 12,851
Principal carrying amount of our variable term debt and senior notes	$ 12,916	$ 12,943

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	$ 118	$ 115	$ 233	$ 228
Finance lease obligations	5	5	10	10
Amortization of deferred financing costs and debt issuance discount	7	6	14	13
Interest income	(1)	0	(1)	(1)
Interest expense, net	129	126	256	250
Cross-currency rate swaps | Derivatives designated as net investment hedges | Interest expense, net
Debt Instrument [Line Items]
Gain (loss) reclassified to earnings, net investment hedge	$ 12	$ 11	$ 23	$ 23

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	15.90%	(8.10%)	16.20%	2.60%
Effective tax rate, net reserve releases		$ 89		$ 87
Decrease in effective tax rate		24.70%		12.80%

Equity - Additional Information

Equity - Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) shares
Stockholders Equity [Line Items]
Repurchase of common shares | $	$ 326
Partnership exchangeable units
Stockholders Equity [Line Items]
BKW reorganization into Partnership (in shares) | shares	1,677,054

Equity - Summary of Changes in

Equity - Summary of Changes in the Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss)
Beginning balances	$ 3,961	$ 4,002	$ 3,853	$ 3,721
Foreign currency translation adjustment	(345)	141	(288)	195
Net change in fair value of derivatives, net of tax			435
Amounts reclassified to earnings of cash flow hedges, net of tax	16	29	37	53
Gain (loss) recognized on other, net of tax	1	1	2	2
Ending balances	3,909	4,259	3,909	4,259
Derivatives
Accumulated Other Comprehensive Income (Loss)
Beginning balances			196
Net change in fair value of derivatives, net of tax			435
Amounts reclassified to earnings of cash flow hedges, net of tax			37
Ending balances	668		668
Pensions
Accumulated Other Comprehensive Income (Loss)
Beginning balances			(30)
Gain (loss) recognized on other, net of tax			2
Ending balances	(28)		(28)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss)
Beginning balances			(1,190)
Foreign currency translation adjustment			(288)
Ending balances	(1,478)		(1,478)
Accumulated  Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Beginning balances	(819)	(1,072)	(1,024)	(1,275)
Ending balances	$ (838)	$ (1,012)	$ (838)	$ (1,012)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CAD ($)	Jun. 30, 2022 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Interest Rate Swaps - Period One
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 3,500,000,000
Interest Rate Swaps - Period Two
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	500,000,000
Interest Rate Swap | Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Loss reclassified from OACI to Income	23,000,000
Cross Currency Interest Rate Contract | Fixed Income Interest Rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	5,000,000,000	$ 6,754
Cross Currency Interest Rate Contract | Fixed Income Interest Rate | Derivatives designated as net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount				$ 150,000,000	$ 500,000,000	$ 400,000,000
Cross Currency Interest Rate Contract | Fixed Income Interest Rate | Hedge Funds
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	1,200,000,000		€ 1,108
Foreign Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 210,000,000

Derivative Instruments - Quanti

Derivative Instruments - Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest rate swaps | Derivatives designated as cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Recognized in Other Comprehensive Income (Loss)	$ 107	$ (44)	$ 330	$ 85
Interest rate swaps | Interest expense, net | Derivatives designated as cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Reclassified from AOCI into Earnings	(23)	(31)	(52)	(61)
Forward-currency contracts | Derivatives designated as cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Recognized in Other Comprehensive Income (Loss)	6	(1)	4	(2)
Forward-currency contracts | Cost of sales | Derivatives designated as cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Reclassified from AOCI into Earnings	1	(2)	2	(4)
Cross-currency rate swaps | Derivatives designated as net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Recognized in Other Comprehensive Income (Loss)	264	(92)	204	(83)
Cross-currency rate swaps | Interest expense, net | Derivatives designated as net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (Loss) Recognized in Earnings (Amount Excluded from Effectiveness Testing)	$ 12	$ 11	$ 23	$ 23

Derivative Instruments - Summar

Derivative Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	$ 242	$ 25
Derivatives liabilities	234	575
Derivatives designated as cash flow hedges | Interest rate | Other assets, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	131	0
Derivatives designated as cash flow hedges | Interest rate | Other liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities	0	220
Derivatives designated as cash flow hedges | Foreign currency | Prepaids and other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	4	2
Derivatives designated as net investment hedges | Foreign currency | Other assets, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	107	23
Derivatives designated as net investment hedges | Foreign currency | Other liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities	$ 234	$ 355

Other Operating Expenses (Inc_3

Other Operating Expenses (Income), net - Other Operating Expenses (Income), Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income and Expenses [Abstract]
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings	$ (1)	$ 1	$ 1	$ (1)
Litigation settlements (gains) and reserves, net	2	1	3	3
Net losses (gains) on foreign exchange	(31)	8	(52)	(35)
Other, net	5	(2)	7	(1)
Other operating expenses (income), net	$ (25)	$ 8	$ (41)	$ (34)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	1 Months Ended
	Apr. 30, 2022 case	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Hussain vs. Burger King Corporation | Pending Litigation
Loss Contingencies [Line Items]
Number of new claims filed | case	2
Burger King And Popeyes | CHINA
Loss Contingencies [Line Items]
Expected cost		$ 100
Litigation settlement and reserves			$ 72

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 brand
Segment Reporting [Abstract]
Number of brands	4

Segment Reporting - Revenues by

Segment Reporting - Revenues by Operating Segment and Country (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue, Major Customer [Line Items]
Total revenues	$ 1,639	$ 1,438	$ 3,090	$ 2,698
Canada
Revenue, Major Customer [Line Items]
Total revenues	878	754	$ 1,625	$ 1,392
Canada | Revenue Benchmark | Geographic Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk, percentage			10%	10%
United States
Revenue, Major Customer [Line Items]
Total revenues	571	515	$ 1,092	$ 993
United States | Revenue Benchmark | Geographic Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk, percentage			10%	10%
Other
Revenue, Major Customer [Line Items]
Total revenues	190	169	$ 373	$ 313
TH
Revenue, Major Customer [Line Items]
Total revenues	968	831	1,797	1,541
BK
Revenue, Major Customer [Line Items]
Total revenues	473	459	916	866
PLK
Revenue, Major Customer [Line Items]
Total revenues	165	148	313	291
FHS
Revenue, Major Customer [Line Items]
Total revenues	$ 33	$ 0	$ 64	$ 0

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Segment Income to Net Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	$ 618		$ 577		$ 1,148	$ 1,057
Impact of equity method investments	9		3		22	5
Other operating expenses (income), net	(25)		8		(41)	(34)
EBITDA	589		539		1,088	1,030
Depreciation and amortization	48		51		97	100
Income from operations	541		488		991	930
Interest expense, net	129		126		256	250
Income tax expense	66		(29)		119	18
Net income	346	$ 270	391	$ 271	616	662
Unallocated Management G&A
Segment Reporting, Revenue Reconciling Item [Line Items]
Share-based compensation and non-cash incentive compensation expense	32		20		59	46
Corporate restructuring and tax advisory fees	6		3		9	4
Impact of equity method investments	12		7		28	11
Other operating expenses (income), net	(25)		8		(41)	(34)
Unallocated Management G&A | Firehouse Subs brand
Segment Reporting, Revenue Reconciling Item [Line Items]
FHS Transaction costs	4		0		5	0
TH | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	274		253		505	460
BK | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	270		266		499	483
PLK | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	61		58		117	114
FHS | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	$ 13		$ 0		$ 27	$ 0

Supplemental Financial Inform_3

Supplemental Financial Information - Narrative (Details)	Jun. 30, 2022
3.875% First Lien Senior Notes due 2028 | Senior Notes
Stated interest rate (as a percent)	3.875%
5.75% First Lien Senior Notes due 2025
Stated interest rate (as a percent)	5.75%
5.75% First Lien Senior Notes due 2025 | Senior Notes
Stated interest rate (as a percent)	5.75%
3.50% First Lien Senior Notes due 2029
Stated interest rate (as a percent)	3.50%
4.375% Second Lien Senior Notes due 2028
Stated interest rate (as a percent)	4.375%
4.375% Second Lien Senior Notes due 2028 | Senior Notes
Stated interest rate (as a percent)	4.375%
4.00% Second Lien Senior Notes due 2030
Stated interest rate (as a percent)	4%
4.00% Second Lien Senior Notes due 2030 | Senior Notes
Stated interest rate (as a percent)	4%

Supplemental Financial Inform_4

Supplemental Financial Information - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 838		$ 1,087	$ 1,762		$ 1,560
Accounts and notes receivable, net	551		547
Inventories, net	114		96
Prepaids and other current assets	65		86
Total current assets	1,568		1,816
Property and equipment, net	1,984		2,035
Operating lease assets, net	1,113		1,130
Intangible assets, net	11,296		11,417
Goodwill	5,866		6,006
Net investment in property leased to franchisees	82		80
Intercompany receivable	0		0
Investment in subsidiaries	0		0
Other assets, net	845		762
Total assets	22,754		23,246
Current liabilities:
Accounts and drafts payable	705		614
Other accrued liabilities	783		947
Gift card liability	163		221
Current portion of long-term debt and finance leases	112		96
Total current liabilities	1,763		1,878
Long-term debt, net of current portion	12,881		12,916
Finance leases, net of current portion	326		333
Operating lease liabilities, net of current portion	1,053		1,070
Other liabilities, net	1,477		1,822
Payables to affiliates	0		0
Deferred income taxes, net	1,345		1,374
Total liabilities	18,845		19,393
Partners’ capital:
Common shares	0		0
Retained earnings	0		0
Accumulated other comprehensive income (loss)	(838)		(1,024)
Total Partners’ capital	3,906		3,850
Noncontrolling interests	3		3
Total equity	3,909	$ 3,961	3,853	4,259	$ 4,002	3,721
Total liabilities and equity	22,754		23,246
Class A common units
Partners’ capital:
Class A common units	8,343		8,421
Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	(3,599)		(3,547)
Eliminations
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
Operating lease assets, net	0		0
Intangible assets, net	0		0
Goodwill	0		0
Net investment in property leased to franchisees	0		0
Intercompany receivable	(243)		(241)
Investment in subsidiaries	(3,909)		(3,853)
Other assets, net	0		0
Total assets	(4,152)		(4,094)
Current liabilities:
Accounts and drafts payable	0		0
Other accrued liabilities	0		0
Gift card liability	0		0
Current portion of long-term debt and finance leases	0		0
Total current liabilities	0		0
Long-term debt, net of current portion	0		0
Finance leases, net of current portion	0		0
Operating lease liabilities, net of current portion	0		0
Other liabilities, net	0		0
Payables to affiliates	(243)		(241)
Deferred income taxes, net	0		0
Total liabilities	(243)		(241)
Partners’ capital:
Common shares	(2,379)		(2,635)
Retained earnings	(2,365)		(2,239)
Accumulated other comprehensive income (loss)	838		1,024
Total Partners’ capital	(3,906)		(3,850)
Noncontrolling interests	(3)		(3)
Total equity	(3,909)		(3,853)
Total liabilities and equity	(4,152)		(4,094)
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	838		1,087	1,762		1,560
Accounts and notes receivable, net	551		547
Inventories, net	114		96
Prepaids and other current assets	65		86
Total current assets	1,568		1,816
Property and equipment, net	1,984		2,035
Operating lease assets, net	1,113		1,130
Intangible assets, net	11,296		11,417
Goodwill	5,866		6,006
Net investment in property leased to franchisees	82		80
Intercompany receivable	0		0
Investment in subsidiaries	0		0
Other assets, net	845		762
Total assets	22,754		23,246
Current liabilities:
Accounts and drafts payable	705		614
Other accrued liabilities	540		706
Gift card liability	163		221
Current portion of long-term debt and finance leases	112		96
Total current liabilities	1,520		1,637
Long-term debt, net of current portion	12,881		12,916
Finance leases, net of current portion	326		333
Operating lease liabilities, net of current portion	1,053		1,070
Other liabilities, net	1,477		1,822
Payables to affiliates	243		241
Deferred income taxes, net	1,345		1,374
Total liabilities	18,845		19,393
Partners’ capital:
Common shares	2,379		2,635
Retained earnings	2,365		2,239
Accumulated other comprehensive income (loss)	(838)		(1,024)
Total Partners’ capital	3,906		3,850
Noncontrolling interests	3		3
Total equity	3,909		3,853
Total liabilities and equity	22,754		23,246
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
Operating lease assets, net	0		0
Intangible assets, net	0		0
Goodwill	0		0
Net investment in property leased to franchisees	0		0
Intercompany receivable	243		241
Investment in subsidiaries	3,909		3,853
Other assets, net	0		0
Total assets	4,152		4,094
Current liabilities:
Accounts and drafts payable	0		0
Other accrued liabilities	243		241
Gift card liability	0		0
Current portion of long-term debt and finance leases	0		0
Total current liabilities	243		241
Long-term debt, net of current portion	0		0
Finance leases, net of current portion	0		0
Operating lease liabilities, net of current portion	0		0
Other liabilities, net	0		0
Payables to affiliates	0		0
Deferred income taxes, net	0		0
Total liabilities	243		241
Partners’ capital:
Common shares	0		0
Retained earnings	0		0
Accumulated other comprehensive income (loss)	(838)		(1,024)
Total Partners’ capital	3,906		3,850
Noncontrolling interests	3		3
Total equity	3,909		3,853
Total liabilities and equity	4,152		4,094
RBILP | Reportable Legal Entities | Class A common units
Partners’ capital:
Class A common units	8,343		8,421
RBILP | Reportable Legal Entities | Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	$ (3,599)		$ (3,547)

Supplemental Financial Inform_5

Supplemental Financial Information - Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total revenues	$ 1,639		$ 1,438		$ 3,090	$ 2,698
Operating costs and expenses:
Cost of sales	584		467		1,078	868
Franchise and property expenses	125		121		255	237
Advertising expenses and other services	259		243		506	480
General and administrative expenses	146		108		279	212
(Income) loss from equity method investments	9		3		22	5
Other operating expenses (income), net	(25)		8		(41)	(34)
Total operating costs and expenses	1,098		950		2,099	1,768
Income from operations	541		488		991	930
Interest expense, net	129		126		256	250
Income before income taxes	412		362		735	680
Income tax expense (benefit)	66		(29)		119	18
Net income	346		391		616	662
Equity in earnings of consolidated subsidiaries	0		0		0	0
Net income	346	$ 270	391	$ 271	616	662
Net income (loss) attributable to noncontrolling interests	1		1		2	2
Net income attributable to common unitholders	345		390		614	660
Comprehensive income (loss)	327		451		802	925
Eliminations
Revenues:
Total revenues	0		0		0	0
Operating costs and expenses:
Cost of sales	0		0		0	0
Franchise and property expenses	0		0		0	0
Advertising expenses and other services	0		0		0	0
General and administrative expenses	0		0		0	0
(Income) loss from equity method investments	0		0		0	0
Other operating expenses (income), net	0		0		0	0
Total operating costs and expenses	0		0		0	0
Income from operations	0		0		0	0
Interest expense, net	0		0		0	0
Income before income taxes	0		0		0	0
Income tax expense (benefit)	0		0		0	0
Net income	0		0		0	0
Equity in earnings of consolidated subsidiaries	(346)		(391)		(616)	(662)
Net income	(346)		(391)		(616)	(662)
Net income (loss) attributable to noncontrolling interests	(1)		(1)		(2)	(2)
Net income attributable to common unitholders	(345)		(390)		(614)	(660)
Comprehensive income (loss)	(327)		(451)		(802)	(925)
Consolidated Borrowers | Reportable Legal Entities
Revenues:
Total revenues	1,639		1,438		3,090	2,698
Operating costs and expenses:
Cost of sales	584		467		1,078	868
Franchise and property expenses	125		121		255	237
Advertising expenses and other services	259		243		506	480
General and administrative expenses	146		108		279	212
(Income) loss from equity method investments	9		3		22	5
Other operating expenses (income), net	(25)		8		(41)	(34)
Total operating costs and expenses	1,098		950		2,099	1,768
Income from operations	541		488		991	930
Interest expense, net	129		126		256	250
Income before income taxes	412		362		735	680
Income tax expense (benefit)	66		(29)		119	18
Net income	346		391		616	662
Equity in earnings of consolidated subsidiaries	0		0		0	0
Net income	346		391		616	662
Net income (loss) attributable to noncontrolling interests	1		1		2	2
Net income attributable to common unitholders	345		390		614	660
Comprehensive income (loss)	327		451		802	925
RBILP | Reportable Legal Entities
Revenues:
Total revenues	0		0		0	0
Operating costs and expenses:
Cost of sales	0		0		0	0
Franchise and property expenses	0		0		0	0
Advertising expenses and other services	0		0		0	0
General and administrative expenses	0		0		0	0
(Income) loss from equity method investments	0		0		0	0
Other operating expenses (income), net	0		0		0	0
Total operating costs and expenses	0		0		0	0
Income from operations	0		0		0	0
Interest expense, net	0		0		0	0
Income before income taxes	0		0		0	0
Income tax expense (benefit)	0		0		0	0
Net income	0		0		0	0
Equity in earnings of consolidated subsidiaries	346		391		616	662
Net income	346		391		616	662
Net income (loss) attributable to noncontrolling interests	1		1		2	2
Net income attributable to common unitholders	345		390		614	660
Comprehensive income (loss)	327		451		802	925
Sales
Revenues:
Total revenues	708		590		1,317	1,097
Sales | Eliminations
Revenues:
Total revenues	0		0		0	0
Sales | Consolidated Borrowers | Reportable Legal Entities
Revenues:
Total revenues	708		590		1,317	1,097
Sales | RBILP | Reportable Legal Entities
Revenues:
Total revenues	0		0		0	0
Franchise and property revenues
Revenues:
Total revenues	676		612		1,291	1,160
Franchise and property revenues | Eliminations
Revenues:
Total revenues	0		0		0	0
Franchise and property revenues | Consolidated Borrowers | Reportable Legal Entities
Revenues:
Total revenues	676		612		1,291	1,160
Franchise and property revenues | RBILP | Reportable Legal Entities
Revenues:
Total revenues	0		0		0	0
Advertising revenues and other services
Revenues:
Total revenues	255		236		482	441
Advertising revenues and other services | Eliminations
Revenues:
Total revenues	0		0		0
Advertising revenues and other services | Consolidated Borrowers | Reportable Legal Entities
Revenues:
Total revenues	255		236		482	441
Advertising revenues and other services | RBILP | Reportable Legal Entities
Revenues:
Total revenues	$ 0		$ 0		$ 0

Supplemental Financial Inform_6

Supplemental Financial Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 346	$ 270	$ 391	$ 271	$ 616	$ 662
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	0		0		0	0
Depreciation and amortization					97	100
Amortization of deferred financing costs and debt issuance discount	7		6		14	13
(Income) loss from equity method investments	9		3		22	5
(Gain) loss on remeasurement of foreign denominated transactions					(52)	(35)
Net (gains) losses on derivatives					27	42
Share-based compensation and non-cash incentive compensation expense					59	46
Deferred income taxes					0	24
Other					2	(12)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable					4	17
Inventories and prepaids and other current assets					(27)	(5)
Accounts and drafts payable					99	103
Other accrued liabilities and gift card liability					(199)	(129)
Tenant inducements paid to franchisees					(6)	(1)
Other long-term assets and liabilities					13	(85)
Net cash provided by operating activities					669	745
Cash flows from investing activities:
Payments for property and equipment					(28)	(46)
Net proceeds from disposal of assets, restaurant closures, and refranchisings					10	14
Net payments in connection with purchase of Firehouse Subs					(12)	0
Settlement/sale of derivatives, net					9	1
Other investing activities, net					(25)	(5)
Net cash (used for) provided by investing activities					(46)	(36)
Cash flows from financing activities:
Proceeds from long-term debt					2	0
Repayments of long-term debt and finance leases					(47)	(54)
Distributions on Class A common and Partnership exchangeable units					(485)	(484)
Distribution to RBI for repurchase of RBI common shares					(326)	0
Capital contribution from RBI					4	56
Distributions from subsidiaries					0	0
(Payments) proceeds from derivatives					(6)	(32)
Other financing activities, net					(2)	(2)
Net cash (used for) provided by financing activities					(860)	(516)
Effect of exchange rates on cash and cash equivalents					(12)	9
Increase (decrease) in cash and cash equivalents					(249)	202
Cash and cash equivalents at beginning of period		1,087		1,560	1,087	1,560
Cash and cash equivalents at end of period	838		1,762		838	1,762
Eliminations
Cash flows from operating activities:
Net income	(346)		(391)		(616)	(662)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	346		391		616	662
Depreciation and amortization					0	0
Amortization of deferred financing costs and debt issuance discount					0	0
(Income) loss from equity method investments	0		0		0	0
(Gain) loss on remeasurement of foreign denominated transactions					0	0
Net (gains) losses on derivatives					0	0
Share-based compensation and non-cash incentive compensation expense					0	0
Deferred income taxes						0
Other					0	0
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable					0	0
Inventories and prepaids and other current assets					0	0
Accounts and drafts payable					0	0
Other accrued liabilities and gift card liability					0	0
Tenant inducements paid to franchisees					0	0
Other long-term assets and liabilities					0	0
Net cash provided by operating activities					0	0
Cash flows from investing activities:
Payments for property and equipment					0	0
Net proceeds from disposal of assets, restaurant closures, and refranchisings					0	0
Net payments in connection with purchase of Firehouse Subs					0
Settlement/sale of derivatives, net					0	0
Other investing activities, net					0	0
Net cash (used for) provided by investing activities					0	0
Cash flows from financing activities:
Proceeds from long-term debt					0
Repayments of long-term debt and finance leases					0	0
Distributions on Class A common and Partnership exchangeable units					0	0
Distribution to RBI for repurchase of RBI common shares					0
Capital contribution from RBI					0	0
Distributions from subsidiaries					0	0
(Payments) proceeds from derivatives					0	0
Other financing activities, net					0	0
Net cash (used for) provided by financing activities					0	0
Effect of exchange rates on cash and cash equivalents					0	0
Increase (decrease) in cash and cash equivalents					0	0
Cash and cash equivalents at beginning of period		0		0	0	0
Cash and cash equivalents at end of period	0		0		0	0
Consolidated Borrowers | Reportable Legal Entities
Cash flows from operating activities:
Net income	346		391		616	662
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	0		0		0	0
Depreciation and amortization					97	100
Amortization of deferred financing costs and debt issuance discount					14	13
(Income) loss from equity method investments	9		3		22	5
(Gain) loss on remeasurement of foreign denominated transactions					(52)	(35)
Net (gains) losses on derivatives					27	42
Share-based compensation and non-cash incentive compensation expense					59	46
Deferred income taxes						24
Other					2	(12)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable					4	17
Inventories and prepaids and other current assets					(27)	(5)
Accounts and drafts payable					99	103
Other accrued liabilities and gift card liability					(199)	(129)
Tenant inducements paid to franchisees					(6)	(1)
Other long-term assets and liabilities					13	(85)
Net cash provided by operating activities					669	745
Cash flows from investing activities:
Payments for property and equipment					(28)	(46)
Net proceeds from disposal of assets, restaurant closures, and refranchisings					10	14
Net payments in connection with purchase of Firehouse Subs					(12)
Settlement/sale of derivatives, net					9	1
Other investing activities, net					(25)	(5)
Net cash (used for) provided by investing activities					(46)	(36)
Cash flows from financing activities:
Proceeds from long-term debt					2
Repayments of long-term debt and finance leases					(47)	(54)
Distributions on Class A common and Partnership exchangeable units					0	0
Distribution to RBI for repurchase of RBI common shares					0
Capital contribution from RBI					4	56
Distributions from subsidiaries					(811)	(484)
(Payments) proceeds from derivatives					(6)	(32)
Other financing activities, net					(2)	(2)
Net cash (used for) provided by financing activities					(860)	(516)
Effect of exchange rates on cash and cash equivalents					(12)	9
Increase (decrease) in cash and cash equivalents					(249)	202
Cash and cash equivalents at beginning of period		1,087		1,560	1,087	1,560
Cash and cash equivalents at end of period	838		1,762		838	1,762
RBILP | Reportable Legal Entities
Cash flows from operating activities:
Net income	346		391		616	662
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	(346)		(391)		(616)	(662)
Depreciation and amortization					0	0
Amortization of deferred financing costs and debt issuance discount					0	0
(Income) loss from equity method investments	0		0		0	0
(Gain) loss on remeasurement of foreign denominated transactions					0	0
Net (gains) losses on derivatives					0	0
Share-based compensation and non-cash incentive compensation expense					0	0
Deferred income taxes						0
Other					0	0
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable					0	0
Inventories and prepaids and other current assets					0	0
Accounts and drafts payable					0	0
Other accrued liabilities and gift card liability					0	0
Tenant inducements paid to franchisees					0	0
Other long-term assets and liabilities					0	0
Net cash provided by operating activities					0	0
Cash flows from investing activities:
Payments for property and equipment					0	0
Net proceeds from disposal of assets, restaurant closures, and refranchisings					0	0
Net payments in connection with purchase of Firehouse Subs					0
Settlement/sale of derivatives, net					0	0
Other investing activities, net					0	0
Net cash (used for) provided by investing activities					0	0
Cash flows from financing activities:
Proceeds from long-term debt					0
Repayments of long-term debt and finance leases					0	0
Distributions on Class A common and Partnership exchangeable units					(485)	(484)
Distribution to RBI for repurchase of RBI common shares					(326)
Capital contribution from RBI					0	0
Distributions from subsidiaries					811	484
(Payments) proceeds from derivatives					0	0
Other financing activities, net					0	0
Net cash (used for) provided by financing activities					0	0
Effect of exchange rates on cash and cash equivalents					0	0
Increase (decrease) in cash and cash equivalents					0	0
Cash and cash equivalents at beginning of period		$ 0		$ 0	0	0
Cash and cash equivalents at end of period	$ 0		$ 0		$ 0	$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - $ / shares			3 Months Ended
	Oct. 05, 2022	Jul. 06, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Forecast
Subsequent Event [Line Items]
Common stock dividends paid (in usd per share)		$ 0.54
Partnership exchangeable units
Subsequent Event [Line Items]
Cash dividend declared (in usd per share)			$ 0.54	$ 0.54	$ 0.53	$ 0.53
Subsequent Event
Subsequent Event [Line Items]
Common stock dividends paid (in usd per share)		0.54
Cash dividend declared (in usd per share)	$ 0.54
Subsequent Event | Partnership exchangeable units | Restaurant Brands International Limited Partnership
Subsequent Event [Line Items]
Cash dividend paid per exchangeable unit (in usd per share)	$ 0.54	$ 0.54