Restaurant Brands International Limited Partnership (RSTRF) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Oct. 28, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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	Q3
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)		143,298,599
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	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 946			$ 1,087	$ 1,773			$ 1,560
Accounts and notes receivable, net of allowance of $26 and $18, respectively	598			547
Inventories, net	129			96
Prepaids and other current assets	251			86
Total current assets	1,924			1,816
Property and equipment, net of accumulated depreciation and amortization of $1,022 and $979, respectively	1,913			2,035
Operating lease assets, net	1,056			1,130
Intangible assets, net	10,831			11,417
Goodwill	5,605			6,006
Net investment in property leased to franchisees	83			80
Other assets, net	1,145			762
Total assets	22,557			23,246
Current liabilities:
Accounts and drafts payable	696			614
Other accrued liabilities	959			947
Gift card liability	148			221
Current portion of long-term debt and finance leases	117			96
Total current liabilities	1,920			1,878
Long-term debt, net of current portion	12,853			12,916
Finance leases, net of current portion	310			333
Operating lease liabilities, net of current portion	1,003			1,070
Other liabilities, net	1,044			1,822
Deferred income taxes, net	1,388			1,374
Total liabilities	18,518			19,393
Partners’ capital:
Accumulated other comprehensive income (loss)	(1,025)			(1,024)
Total Partners’ capital	4,037			3,850
Noncontrolling interests	2			3
Total equity	4,039	$ 3,909	$ 3,961	3,853	$ 4,108	$ 4,259	$ 4,002	$ 3,721
Total liabilities and equity	22,557			23,246
Class A common units
Partners’ capital:
Class A common units; 202,006,067 issued and outstanding at September 30, 2022 and December 31, 2021	8,570			8,421
Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units; 143,298,599 issued and outstanding at September 30, 2022; 144,993,458 issued and outstanding at December 31, 2021	$ (3,508)			$ (3,547)

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Financing receivable, allowance for credit loss, current	$ 26	$ 18
Accumulated depreciation and amortization, property, plant, and equipment	$ 1,022	$ 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)	143,298,599	144,993,458
Partnership exchangeable units, outstanding (in shares)	143,298,599	144,993,458

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Total revenues	$ 1,726			$ 1,495			$ 4,816	$ 4,193
Operating costs and expenses:
Cost of sales	615			490			1,693	1,358
Franchise and property expenses	137			121			392	358
Advertising expenses and other services	276			245			782	725
General and administrative expenses	156			115			435	327
(Income) loss from equity method investments	8			7			30	12
Other operating expenses (income), net	(27)			(16)			(68)	(50)
Total operating costs and expenses	1,165			962			3,264	2,730
Income from operations	561			533			1,552	1,463
Interest expense, net	133			128			389	378
Loss on early extinguishment of debt	0			11			0	11
Income before income taxes	428			394			1,163	1,074
Income tax expense (benefit)	(102)			65			17	83
Net income	530	$ 346	$ 270	329	$ 391	$ 271	1,146	991
Net income attributable to noncontrolling interests	1			1			3	3
Net income attributable to common unitholders	529			328			1,143	988
Class A common units
Operating costs and expenses:
Net income attributable to common unitholders	$ 360			$ 221			$ 779	$ 659
Earnings per unit - basic and diluted
Earnings per unit, basic (in usd per share)	$ 1.78			$ 1.09			$ 3.86	$ 3.26
Earnings per unit, diluted (in usd per share)	$ 1.78			$ 1.09			$ 3.86	$ 3.26
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	$ 169			$ 107			$ 364	$ 329
Earnings per unit - basic and diluted
Earnings per unit, basic (in usd per share)	$ 1.18			$ 0.71			$ 2.53	$ 2.14
Earnings per unit, diluted (in usd per share)	$ 1.18			$ 0.71			$ 2.53	$ 2.14
Weighted average units outstanding - basic and diluted (in millions):
Weighted average number of unit outstanding, basic (in shares)	143			151			144	154
Weighted average number of units outstanding, diluted (in shares)	143			151			144	154
Sales
Revenues:
Total revenues	$ 759			$ 621			$ 2,076	$ 1,718
Franchise and property revenues
Revenues:
Total revenues	698			635			1,989	1,795
Advertising revenues and other services
Revenues:
Total revenues	$ 269			$ 239			$ 751	$ 680

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 530	$ 329	$ 1,146	$ 991
Foreign currency translation adjustment	(727)	(257)	(1,015)	(62)
Net change in fair value of net investment hedges, net of tax of $(87), $(31), $(100) and $10	384	143	575	101
Net change in fair value of cash flow hedges, net of tax of $(55), $(4), $(145) and $(32)	150	13	394	68
Amounts reclassified to earnings of cash flow hedges, net of tax of $(2), $(9), $(15) and $(21)	5	24	42	77
Gain (loss) recognized on other, net of tax of $0, $0, $0 and $0	1	0	3	2
Other comprehensive income (loss)	(187)	(77)	(1)	186
Comprehensive income (loss)	343	252	1,145	1,177
Comprehensive income (loss) attributable to noncontrolling interests	1	1	3	3
Comprehensive income (loss) attributable to common unitholders	$ 342	$ 251	$ 1,142	$ 1,174

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net change in fair value of net investment hedges, tax	$ (87)	$ (31)	$ (100)	$ 10
Net change in fair value of cash flow hedges, tax	(55)	(4)	(145)	(32)
Amounts reclassified to earnings of cash flow hedges, tax	(2)	(9)	(15)	(21)
Gain (loss) recognized on other, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statement 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	991
Other comprehensive income (loss)	186
Ending balance Class A (in shares) at Sep. 30, 2021					202,006,067
Ending balances at Sep. 30, 2021	4,108	(1,089)	2		$ 8,731		$ (3,536)
Ending balance partnership exchangeable units (in shares) at Sep. 30, 2021							145,269,936
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions declared on Class A common units	(167)				(167)
Distributions declared on partnership exchangeable units	(77)						$ (77)
Exchange of Partnership exchangeable units for RBI common shares	0				611		$ (611)
Exchange of Partnership exchangeable units for RBI common shares (in shares)							(9,682,964)
Distribution to RBI for repurchase of RBI common shares	(182)				(182)
Capital contribution from RBI	26				26
Restaurant VIE contributions (distributions)	(3)		(3)
Net income	329		1		$ 221		$ 107
Other comprehensive income (loss)	(77)	(77)
Ending balance Class A (in shares) at Sep. 30, 2021					202,006,067
Ending balances at Sep. 30, 2021	4,108	(1,089)	2		$ 8,731		$ (3,536)
Ending balance partnership exchangeable units (in shares) at Sep. 30, 2021							145,269,936
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)						(1,694,859)
Net income	1,146
Other comprehensive income (loss)	(1)
Ending balance Class A (in shares) at Sep. 30, 2022				202,006,067	202,006,067
Ending balances at Sep. 30, 2022	4,039	(1,025)	2		$ 8,570		$ (3,508)
Ending balance partnership exchangeable units (in shares) at Sep. 30, 2022						143,298,599	143,298,599
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
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions declared on Class A common units	(165)				(165)
Distributions declared on partnership exchangeable units	(77)						$ (77)
Exchange of Partnership exchangeable units for RBI common shares	0				1		$ (1)
Exchange of Partnership exchangeable units for RBI common shares (in shares)							(17,805)
Capital contribution from RBI	31				31
Restaurant VIE contributions (distributions)	(2)		(2)
Net income	530		1		$ 360		$ 169
Other comprehensive income (loss)	(187)	(187)
Ending balance Class A (in shares) at Sep. 30, 2022				202,006,067	202,006,067
Ending balances at Sep. 30, 2022	$ 4,039	$ (1,025)	$ 2		$ 8,570		$ (3,508)
Ending balance partnership exchangeable units (in shares) at Sep. 30, 2022						143,298,599	143,298,599

Condensed Consolidated Statem_5

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

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 1,146	$ 991
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	143	150
Loss on early extinguishment of debt	0	11
Amortization of deferred financing costs and debt issuance discount	21	20
(Income) loss from equity method investments	30	12
(Gain) loss on remeasurement of foreign denominated transactions	(82)	(58)
Net (gains) losses on derivatives	17	65
Share-based compensation and non-cash incentive compensation expense	93	71
Deferred income taxes	(29)	35
Other	8	(14)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable	(93)	11
Inventories and prepaids and other current assets	(67)	(3)
Accounts and drafts payable	113	129
Other accrued liabilities and gift card liability	(74)	(87)
Tenant inducements paid to franchisees	(13)	(5)
Other long-term assets and liabilities	(146)	(73)
Net cash provided by operating activities	1,067	1,255
Cash flows from investing activities:
Payments for property and equipment	(52)	(70)
Net proceeds from disposal of assets, restaurant closures, and refranchisings	11	14
Net payments in connection with purchase of Firehouse Subs	(12)	0
Settlement/sale of derivatives, net	22	2
Other investing activities, net	(35)	(15)
Net cash (used for) provided by investing activities	(66)	(69)
Cash flows from financing activities:
Proceeds from long-term debt	2	802
Repayments of long-term debt and finance leases	(71)	(865)
Payment of financing costs	0	(7)
Distributions on Class A common and Partnership exchangeable units	(728)	(730)
Distribution to RBI for repurchase of RBI common shares	(326)	(182)
Capital contribution from RBI	7	60
(Payments) proceeds from derivatives	8
(Payments) proceeds from derivatives		(45)
Other financing activities, net	(3)	(3)
Net cash (used for) provided by financing activities	(1,111)	(970)
Effect of exchange rates on cash and cash equivalents	(31)	(3)
Increase (decrease) in cash and cash equivalents	(141)	213
Cash and cash equivalents at beginning of period	1,087	1,560
Cash and cash equivalents at end of period	946	1,773
Supplemental cash flow disclosures:
Interest paid	318	281
Income taxes paid	$ 177	$ 189

Description of Business and Org

Description of Business and Organization	9 Months Ended
	Sep. 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 September 30, 2022, we franchised or owned 5,405 Tim Hortons restaurants, 19,401 Burger King restaurants, 3,928 Popeyes restaurants and 1,234 Firehouse Subs restaurants, for a total of 29,968 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	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021, we determined that we are the primary beneficiary of 44 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	9 Months Ended
	Sep. 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. Lessors—Certain Leases with Variable Lease Payments – In July 2021, the FASB issued guidance that requires lessors to classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if (a) the lease would have been classified as a sales-type lease or a direct financing lease in accordance with lease classification criteria and (b) the lessor would have otherwise recognized a day-one loss. This amendment is effective in 2022 with early adoption permitted. This guidance may be applied either retrospectively to leases that commenced or were modified on or after the adoption of lease guidance we adopted in 2019 or prospectively to leases that commence or are modified on or after the date that this new guidance is applied. The adoption of this new guidance during the first quarter of 2022 did not have a material impact on our Financial Statements.

Firehouse Acquisition

Firehouse Acquisition	9 Months Ended
	Sep. 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 nine months ended September 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 nine months ended September 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	9 Months Ended
	Sep. 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 Nine Months Ended 2022 2021 2022 2021 Lease income - operating leases Minimum lease payments $ 100 $ 113 $ 314 $ 343 Variable lease payments 112 91 291 241 Amortization of favorable and unfavorable income lease contracts, net — 1 1 3 Subtotal - lease income from operating leases 212 205 606 587 Earned income on direct financing and sales-type leases 2 1 5 4 Total property revenues $ 214 $ 206 $ 611 $ 591
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 Nine Months Ended 2022 2021 2022 2021 Lease income - operating leases Minimum lease payments $ 100 $ 113 $ 314 $ 343 Variable lease payments 112 91 291 241 Amortization of favorable and unfavorable income lease contracts, net — 1 1 3 Subtotal - lease income from operating leases 212 205 606 587 Earned income on direct financing and sales-type leases 2 1 5 4 Total property revenues $ 214 $ 206 $ 611 $ 591

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 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 franchise fees and 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 September 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 (8) (29) (4) (1) (42) Increase, excluding amounts recognized as revenue during the period 9 23 11 1 44 Impact of foreign currency translation (3) (24) — — (27) Balance at September 30, 2022 $ 63 $ 380 $ 63 $ 8 $ 514 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 September 30, 2022 (in millions): Contract liabilities expected to be recognized in TH BK PLK FHS Consolidated Remainder of 2022 $ 3 $ 9 $ 1 $ — $ 13 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 26 245 46 3 320 Total $ 63 $ 380 $ 63 $ 8 $ 514 Disaggregation of Total Revenues Total revenues consist of the following (in millions): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Sales $ 759 $ 621 $ 2,076 $ 1,718 Royalties 451 414 1,292 1,149 Property revenues 214 206 611 591 Franchise fees and other revenue 33 15 86 55 Advertising revenues and other services 269 239 751 680 Total revenues $ 1,726 $ 1,495 $ 4,816 $ 4,193

Earnings per Unit

Earnings per Unit	9 Months Ended
	Sep. 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 Nine Months Ended 2022 2021 2022 2021 Allocation of net income among partner interests: Net income allocated to Class A common unitholders $ 360 $ 221 $ 779 $ 659 Net income allocated to Partnership exchangeable unitholders 169 107 364 329 Net income attributable to common unitholders $ 529 $ 328 $ 1,143 $ 988 Denominator - basic and diluted partnership units: Weighted average Class A common units 202 202 202 202 Weighted average Partnership exchangeable units 143 151 144 154 Earnings per unit - basic and diluted: Class A common units (a) $ 1.78 $ 1.09 $ 3.86 $ 3.26 Partnership exchangeable units (a) $ 1.18 $ 0.71 $ 2.53 $ 2.14 (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	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 705 $ (298) $ 407 $ 722 $ (290) $ 432 Favorable leases 90 (56) 34 104 (63) 41 Subtotal 795 (354) 441 826 (353) 473 Indefinite-lived intangible assets: Tim Hortons brand $ 6,182 $ — $ 6,182 $ 6,695 $ — $ 6,695 Burger King brand 2,037 — 2,037 2,126 — 2,126 Popeyes brand 1,355 — 1,355 1,355 — 1,355 Firehouse Subs brand 816 — 816 768 — 768 Subtotal 10,390 — 10,390 10,944 — 10,944 Intangible assets, net $ 10,831 $ 11,417 Goodwill Tim Hortons segment $ 3,991 $ 4,306 Burger King segment 576 601 Popeyes segment 846 846 Firehouse Subs segment 192 253 Total $ 5,605 $ 6,006 Amortization expense on intangible assets totaled $9 million and $10 million for the three months ended September 30, 2022 and 2021, respectively. Amortization expense on intangible assets totaled $29 million and $31 million for the nine months ended September 30, 2022 and 2021, respectively. The change in the franchise agreements, brands and goodwill balances

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 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 $179 million and $194 million as of September 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 September 30, 2022 was approximately $15 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 September 30, 2022 was approximately $33 million. The aggregate market value of our 8% equity interest in TH International Limited based on the quoted market price on September 30, 2022 was approximately $71 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. Sales, 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 Nine Months Ended 2022 2021 2022 2021 Revenues from affiliates: Royalties $ 92 $ 111 $ 266 $ 254 Advertising revenues and other services 20 22 54 50 Property revenues 8 8 23 24 Franchise fees and other revenue 3 4 12 12 Sales 4 2 12 7 Total $ 127 $ 147 $ 367 $ 347 At September 30, 2022 and December 31, 2021, we had $41 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 $5 million and $3 million during the three months ended September 30, 2022 and 2021, respectively. Distributions received from this joint venture were $10 million and $9 million during the nine months ended September 30, 2022 and 2021, respectively. Associated with the TIMWEN Partnership, we recognized $5 million of rent expense during the three months ended September 30, 2022 and 2021, and recognized $14 million and $13 million of rent expense during the nine months ended September 30, 2022 and 2021, respectively.

Other Accrued Liabilities and O

Other Accrued Liabilities and Other Liabilities, net	9 Months Ended
	Sep. 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 September 30, December 31, Current: Distribution payable $ 243 $ 241 Interest payable 96 63 Accrued compensation and benefits 90 99 Taxes payable 150 106 Deferred income 57 48 Accrued advertising expenses 45 43 Restructuring and other provisions 20 90 Current portion of operating lease liabilities 134 140 Other 124 117 Other accrued liabilities $ 959 $ 947 Noncurrent: Taxes payable $ 360 $ 533 Contract liabilities 514 531 Derivatives liabilities — 575 Unfavorable leases 52 65 Accrued pension 46 47 Deferred income 45 37 Other 27 34 Other liabilities, net $ 1,044 $ 1,822

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following (in millions): As of September 30, December 31, Term Loan B $ 5,203 $ 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 154 173 Less: unamortized deferred financing costs and deferred issue discount (118) (138) Total debt, net 12,939 12,978 Less: current maturities of debt (86) (62) Total long-term debt $ 12,853 $ 12,916 Revolving Credit Facility As of September 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 September 30, 2022, we had approximately C$205 million outstanding under the TH Facility with a weighted average interest rate of 5.10%. 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 September 30, 2022, we had approximately $2 million outstanding under the RE Facility with a weighted average interest rate of 4.05%. Restrictions and Covenants As of September 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 September 30, December 31, Fair value of our variable term debt and senior notes $ 11,568 $ 12,851 Principal carrying amount of our variable term debt and senior notes 12,903 12,943 Interest Expense, net Interest expense, net consists of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Debt (a) $ 124 $ 117 $ 357 $ 345 Finance lease obligations 4 5 14 15 Amortization of deferred financing costs and debt issuance discount 7 7 21 20 Interest income (2) (1) (3) (2) Interest expense, net $ 133 $ 128 $ 389 $ 378 (a) Amount includes $17 million and $11 million benefit during the three months ended September 30, 2022 and 2021, respectively, and $40 million and $34 million benefit during the nine months ended September 30, 2022 and 2021, respectively, 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	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate was (23.8)% and 1.5% for the three and nine months ended September 30, 2022, respectively. The effective tax rate during these periods included a net decrease in tax reserves of $171 million related primarily to expiring statutes of limitations for certain prior tax years which decreased the effective tax rate by 39.9% and 14.7% for the three and nine months ended September 30, 2022, respectively. The effective tax rate during these periods also reflects the mix of income from multiple tax jurisdictions, the impact of internal financing arrangements and favorable structural changes. Our effective tax rate was 16.7% and 7.7% for the three and nine months ended September 30, 2021, respectively. The effective tax rate during these periods reflects the mix of income from multiple tax jurisdictions and the impact of internal financing arrangements. Additionally, the effective tax rate for the nine months ended September 30, 2021 included a net decrease in tax reserves of $87 million related primarily to expiring statutes of limitations for certain prior tax years which decreased the effective tax rate by 8.1%. On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (“IRA”) which contains provisions effective January 1, 2023, including a 15% corporate alternative minimum tax based on adjusted financial statement income. While we do not currently expect the IRA to have a material impact on our Financial Statements, we will continue to evaluate its effect as further guidance becomes available.

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Equity	Equity During the nine months ended September 30, 2022, Partnership exchanged 1,694,859 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 nine months ended September 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 — — (1,015) (1,015) Net change in fair value of derivatives, net of tax 969 — — 969 Amounts reclassified to earnings of cash flow hedges, net of tax 42 — — 42 Gain (loss) recognized on other, net of tax — 3 — 3 Balance at September 30, 2022 $ 1,207 $ (27) $ (2,205) $ (1,025)

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 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 September 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 September 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, net of tax, 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 September 30, 2022 that we expect to be reclassified into interest expense within the next 12 months is $69 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 September 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 September 30, 2022, we had U.S. dollar notional amount of $5,000 million outstanding cross-currency rate swaps to partially hedge the net investment in our Canadian subsidiaries (the “CAD swaps”). We have 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, of which only $2,500 million of notional amount are designated as a hedge and are accounted for as net investment hedges as of September 30, 2022. We also entered into contracts in September 2022 in which we receive quarterly fixed-rate interest payments on the U.S. dollar notional amount of $2,500 million through the maturity date of September 30, 2028, all of which have been designated as a hedge and are accounted for as net investment hedges as of September 30, 2022. In October 2022, we entered into new cross-currency rate swaps in which we receive quarterly fixed-rate interest payments on the U.S. dollar aggregate notional amount of $2,500 million through the maturity date of September 30, 2028. At inception, these cross-currency rate swaps were designated as hedges and are accounted for as net investment hedges. At all times, we have had $5,000 million of notional amount designated as hedges. In connection with our CAD swaps entered during September 2022 and October 2022, we de-designated existing hedges of $2,500 million of notional amount in September 2022 and de-designated the remaining $2,500 million of notional amount in October 2022 for hedge accounting. As a result of these de-designations, changes in fair value of these un-designated hedges will be recognized in earnings through the maturity date of June 30, 2023. Concurrently with these de-designations and to offset the changes in fair value recognized in earnings, we entered into off-setting cross-currency rate swaps, with a total notional amount of $5,000 million and a maturity date of June 30, 2023, that were not designated as a hedge for hedge accounting and as such changes in fair value are recognized in earnings. The balances in AOCI associated with the de-designated $2,500 million CAD swaps in September 2022 and the de-designated $2,500 million CAD swaps in October 2022 will remain in AOCI and will only be reclassified into earnings if and when the net investment in our Canadian subsidiaries is sold or substantially sold. At September 30, 2022, the fair values of the CAD swaps that were de-designated in September 2022 and October 2022 were included within Prepaids and other current assets and the fair value of the off-setting cross-currency rate swaps was included within Other accrued liabilities as all of these instruments were cash settled in October 2022 for approximately $35 million in net proceeds. At September 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 September 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 September 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 $202 million with maturities to November 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges (1) Interest rate swaps $ 191 $ 15 $ 521 $ 100 Forward-currency contracts $ 14 $ 2 $ 18 $ — Derivatives designated as net investment hedges Cross-currency rate swaps $ 471 $ 174 $ 675 $ 91 (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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges Interest rate swaps Interest expense, net $ (8) $ (31) $ (60) $ (92) Forward-currency contracts Cost of sales $ 1 $ (2) $ 3 $ (6) Location of Gain or (Loss) Recognized in Earnings Gain or (Loss) Recognized in Earnings Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivatives designated as net investment hedges Cross-currency rate swaps Interest expense, net $ 17 $ 11 $ 40 $ 34 Fair Value as of September 30, December 31, 2021 Balance Sheet Location Assets: Derivatives designated as cash flow hedges Interest rate $ 314 $ — Other assets, net Foreign currency 16 2 Prepaids and other current assets Derivatives designated as net investment hedges Foreign currency 261 23 Other assets, net Foreign currency 56 $ — Prepaids and other current assets Derivatives not designated as hedging instruments Foreign currency 56 — Prepaids and other current assets Total assets at fair value $ 703 $ 25 Liabilities: Derivatives designated as cash flow hedges Interest rate $ — $ 220 Other liabilities, net Derivatives designated as net investment hedges Foreign currency — 355 Other liabilities, net Derivatives not designated as hedging instruments Foreign currency 30 — Other accrued liabilities Total liabilities at fair value $ 30 $ 575

Other Operating Expenses (Incom

Other Operating Expenses (Income), net	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net losses (gains) on disposal of assets, restaurant closures, and refranchisings $ 1 $ 2 $ 2 $ 1 Litigation settlements (gains) and reserves, net — 4 3 7 Net losses (gains) on foreign exchange (30) (23) (82) (58) Other, net 2 1 9 — Other operating expenses (income), net $ (27) $ (16) $ (68) $ (50) 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.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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. In August 2022, the federal appellate court reversed the lower court's decision to dismiss the case and remanded the case to the lower court for further proceedings. 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, 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 September 22, 2022, the Quebec Court issued a judgment approving the settlement in the Holcman case. The British Columbia Courts have dismissed the Law case and the settlement will be effective upon the Ontario Courts dismissing or permanently staying the Sitko and Jung actions. 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. Oral arguments were heard on the appeal in September 2022 and the parties await a ruling on the appeal. 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 voluntarily dismissed the case on August 22, 2022. In June 2022, Cooper voluntarily dismissed the case and then refiled their complaint in state court only on behalf of Florida consumers. We filed a motion to dismiss on October 17, 2022. While we currently believe this claim is without merit, we are unable to predict the ultimate outcome of this case or estimate the range of possible loss, if any. Other Disputes

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 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 Nine Months Ended 2022 2021 2022 2021 Revenues by operating segment: TH $ 1,033 $ 885 $ 2,830 $ 2,426 BK 491 467 1,407 1,333 PLK 164 143 477 434 FHS 38 — 102 — Total revenues $ 1,726 $ 1,495 $ 4,816 $ 4,193 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Revenues by country (a): Canada $ 940 $ 808 $ 2,565 $ 2,200 United States 587 500 1,679 1,493 Other 199 187 572 500 Total revenues $ 1,726 $ 1,495 $ 4,816 $ 4,193 (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 Nine Months Ended 2022 2021 2022 2021 Segment income: TH $ 305 $ 278 $ 810 $ 738 BK 262 272 761 755 PLK 62 57 179 171 FHS 13 — 40 — Adjusted EBITDA 642 607 1,790 1,664 Share-based compensation and non-cash incentive compensation expense 34 25 93 71 FHS Transaction costs 3 — 8 — Corporate restructuring and tax advisory fees 12 4 21 8 Impact of equity method investments (a) 13 11 41 22 Other operating expenses (income), net (27) (16) (68) (50) EBITDA 607 583 1,695 1,613 Depreciation and amortization 46 50 143 150 Income from operations 561 533 1,552 1,463 Interest expense, net 133 128 389 378 Loss on early extinguishment of debt — 11 — 11 Income tax expense (benefit) (102) 65 17 83 Net income $ 530 $ 329 $ 1,146 $ 991 (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	9 Months Ended
	Sep. 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 3.500% First Lien Senior Notes Indenture with respect to the 3.500% First Lien Senior Notes due 2029. 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 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 September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 946 $ — $ — $ 946 Accounts and notes receivable, net 598 — — 598 Inventories, net 129 — — 129 Prepaids and other current assets 251 — — 251 Total current assets 1,924 — — 1,924 Property and equipment, net 1,913 — — 1,913 Operating lease assets, net 1,056 — — 1,056 Intangible assets, net 10,831 — — 10,831 Goodwill 5,605 — — 5,605 Net investment in property leased to franchisees 83 — — 83 Intercompany receivable — 243 (243) — Investment in subsidiaries — 4,039 (4,039) — Other assets, net 1,145 — — 1,145 Total assets $ 22,557 $ 4,282 $ (4,282) $ 22,557 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 696 $ — $ — $ 696 Other accrued liabilities 716 243 — 959 Gift card liability 148 — — 148 Current portion of long-term debt and finance leases 117 — — 117 Total current liabilities 1,677 243 — 1,920 Long-term debt, net of current portion 12,853 — — 12,853 Finance leases, net of current portion 310 — — 310 Operating lease liabilities, net of current portion 1,003 — — 1,003 Other liabilities, net 1,044 — — 1,044 Payables to affiliates 243 — (243) — Deferred income taxes, net 1,388 — — 1,388 Total liabilities 18,518 243 (243) 18,518 Partners’ capital: Class A common units — 8,570 — 8,570 Partnership exchangeable units — (3,508) — (3,508) Common shares 2,410 — (2,410) — Retained earnings 2,652 — (2,652) — Accumulated other comprehensive income (loss) (1,025) (1,025) 1,025 (1,025) Total Partners' capital/shareholders' equity 4,037 4,037 (4,037) 4,037 Noncontrolling interests 2 2 (2) 2 Total equity 4,039 4,039 (4,039) 4,039 Total liabilities and equity $ 22,557 $ 4,282 $ (4,282) $ 22,557 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 September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 759 $ — $ — $ 759 Franchise and property revenues 698 — — 698 Advertising revenues and other services 269 — — 269 Total revenues 1,726 — — 1,726 Operating costs and expenses: Cost of sales 615 — — 615 Franchise and property expenses 137 — — 137 Advertising expenses and other services 276 — — 276 General and administrative expenses 156 — — 156 (Income) loss from equity method investments 8 — — 8 Other operating expenses (income), net (27) — — (27) Total operating costs and expenses 1,165 — — 1,165 Income from operations 561 — — 561 Interest expense, net 133 — — 133 Income before income taxes 428 — — 428 Income tax expense (benefit) (102) — — (102) Net income 530 — — 530 Equity in earnings of consolidated subsidiaries — 530 (530) — Net income (loss) 530 530 (530) 530 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 529 $ 529 $ (529) $ 529 Comprehensive income (loss) $ 343 $ 343 $ (343) $ 343 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Nine Months Ended September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 2,076 $ — $ — $ 2,076 Franchise and property revenues 1,989 — — 1,989 Advertising revenues and other services 751 — — 751 Total revenues 4,816 — — 4,816 Operating costs and expenses: Cost of sales 1,693 — — 1,693 Franchise and property expenses 392 — — 392 Advertising expenses and other services 782 — — 782 General and administrative expenses 435 — — 435 (Income) loss from equity method investments 30 — — 30 Other operating expenses (income), net (68) — — (68) Total operating costs and expenses 3,264 — — 3,264 Income from operations 1,552 — — 1,552 Interest expense, net 389 — — 389 Income before income taxes 1,163 — — 1,163 Income tax expense (benefit) 17 — — 17 Net income 1,146 — — 1,146 Equity in earnings of consolidated subsidiaries — 1,146 (1,146) — Net income (loss) 1,146 1,146 (1,146) 1,146 Net income (loss) attributable to noncontrolling interests 3 3 (3) 3 Net income (loss) attributable to common unitholders $ 1,143 $ 1,143 $ (1,143) $ 1,143 Comprehensive income (loss) $ 1,145 $ 1,145 $ (1,145) $ 1,145 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended September 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 621 $ — $ — $ 621 Franchise and property revenues 635 — — 635 Advertising revenues and other services 239 — — 239 Total revenues 1,495 — — 1,495 Operating costs and expenses: Cost of sales 490 — — 490 Franchise and property expenses 121 — — 121 Advertising expenses and other services 245 — — 245 General and administrative expenses 115 — — 115 (Income) loss from equity method investments 7 — — 7 Other operating expenses (income), net (16) — — (16) Total operating costs and expenses 962 — — 962 Income from operations 533 — — 533 Interest expense, net 128 — — 128 Loss on early extinguishment of debt 11 — — 11 Income before income taxes 394 — — 394 Income tax expense (benefit) 65 — — 65 Net income 329 — — 329 Equity in earnings of consolidated subsidiaries — 329 (329) — Net income (loss) 329 329 (329) 329 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 328 $ 328 $ (328) $ 328 Comprehensive income (loss) $ 252 $ 252 $ (252) $ 252 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Nine Months Ended September 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 1,718 $ — $ — $ 1,718 Franchise and property revenues 1,795 — — 1,795 Advertising revenues and other services 680 680 Total revenues 4,193 — — 4,193 Operating costs and expenses: Cost of sales 1,358 — — 1,358 Franchise and property expenses 358 — — 358 Advertising expenses and other services 725 — — 725 General and administrative expenses 327 — — 327 (Income) loss from equity method investments 12 — — 12 Other operating expenses (income), net (50) — — (50) Total operating costs and expenses 2,730 — — 2,730 Income from operations 1,463 — — 1,463 Interest expense, net 378 — — 378 Loss on early extinguishment of debt 11 — — 11 Income before income taxes 1,074 — — 1,074 Income tax expense (benefit) 83 — — 83 Net income 991 — — 991 Equity in earnings of consolidated subsidiaries — 991 (991) — Net income (loss) 991 991 (991) 991 Net income (loss) attributable to noncontrolling interests 3 3 (3) 3 Net income (loss) attributable to common unitholders $ 988 $ 988 $ (988) $ 988 Comprehensive income (loss) $ 1,177 $ 1,177 $ (1,177) $ 1,177 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Nine months ended September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 1,146 $ 1,146 $ (1,146) $ 1,146 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (1,146) 1,146 — Depreciation and amortization 143 — — 143 Amortization of deferred financing costs and debt issuance discount 21 — — 21 (Income) loss from equity method investments 30 — — 30 (Gain) loss on remeasurement of foreign denominated transactions (82) — — (82) Net (gains) losses on derivatives 17 — — 17 Share-based compensation and non-cash incentive compensation expense 93 — — 93 Deferred income taxes (29) — — (29) Other 8 — — 8 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable (93) — — (93) Inventories and prepaids and other current assets (67) — — (67) Accounts and drafts payable 113 — — 113 Other accrued liabilities and gift card liability (74) — — (74) Tenant inducements paid to franchisees (13) — — (13) Other long-term assets and liabilities (146) — — (146) Net cash provided by operating activities 1,067 — — 1,067 Cash flows from investing activities: Payments for property and equipment (52) — — (52) Net proceeds from disposal of assets, restaurant closures, and refranchisings 11 — — 11 Net payments in connection with purchase of Firehouse Subs (12) — — (12) Settlement/sale of derivatives, net 22 — — 22 Other investing activities, net (35) — — (35) Net cash (used for) provided by investing activities (66) — — (66) Cash flows from financing activities: Proceeds from long-term debt 2 — — 2 Repayments of long-term debt and finance leases (71) — — (71) Distributions on Class A common and Partnership exchangeable units — (728) — (728) Distribution to RBI for repurchase of RBI common shares — (326) — (326) Capital contribution from RBI 7 — — 7 Distributions from subsidiaries (1,054) 1,054 — — (Payments) proceeds from derivatives 8 — — 8 Other financing activities, net (3) — — (3) Net cash (used for) provided by financing activities (1,111) — — (1,111) Effect of exchange rates on cash and cash equivalents (31) — — (31) Increase (decrease) in cash and cash equivalents (141) — — (141) Cash and cash equivalents at beginning of period 1,087 — — 1,087 Cash and cash equivalents at end of period $ 946 $ — $ — $ 946 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Nine Months Ended September 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 991 $ 991 $ (991) $ 991 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (991) 991 — Depreciation and amortization 150 — — 150 Premiums paid and non-cash loss on extinguishment of debt 11 — — 11 Amortization of deferred financing costs and debt issuance discount 20 — — 20 (Income) loss from equity method investments 12 — — 12 (Gain) loss on remeasurement of foreign denominated transactions (58) — — (58) Net (gains) losses on derivatives 65 — — 65 Share-based compensation and non-cash incentive compensation expense 71 — — 71 Deferred income taxes 35 — — 35 Other (14) — — (14) Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 11 — — 11 Inventories and prepaids and other current assets (3) — — (3) Accounts and drafts payable 129 — — 129 Other accrued liabilities and gift card liability (87) — — (87) Tenant inducements paid to franchisees (5) — — (5) Other long-term assets and liabilities (73) — — (73) Net cash provided by operating activities 1,255 — — 1,255 Cash flows from investing activities: Payments for property and equipment (70) — — (70) Net proceeds from disposal of assets, restaurant closures, and refranchisings 14 — — 14 Settlement/sale of derivatives, net 2 — — 2 Other investing activities, net (15) — — (15) Net cash (used for) provided by investing activities (69) — — (69) Cash flows from financing activities: Proceeds from revolving line of credit and long-term debt 802 — — 802 Repayments of long-term debt and finance leases (865) — — (865) Payment of financing costs (7) — — (7) Distributions on Class A common and Partnership exchangeable units — (730) — (730) Distribution to RBI for repurchase of RBI common shares — (182) — (182) Capital contribution from RBI 60 — — 60 Distributions from subsidiaries (912) 912 — — (Payments) proceeds from derivatives (45) — — (45) Other financing activities, net (3) — — (3) Net cash (used for) provided by financing activities (970) — — (970) Effect of exchange rates on cash and cash equivalents (3) — — (3) Increase (decrease) in cash and cash equivalents 213 — — 213 Cash and cash equivalents at beginning of period 1,560 — — 1,560 Cash and cash equivalents at end of period $ 1,773 $ — $ — $ 1,773

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Cash Distributions/Dividends On October 5, 2022, RBI paid a cash dividend of $0.54 per RBI common share to common shareholders of record on September 21, 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 September 21, 2022. Subsequent to September 30, 2022, the RBI board of directors declared a cash dividend of $0.54 per RBI common share, which will be paid on January 4, 2023 to RBI common shareholders of record on December 21, 2022. Partnership will make a distribution to RBI as holder of Class A common units in the amount of the aggregate dividends declared and paid by RBI on RBI common shares. Partnership will also make a distribution in respect of each Partnership exchangeable unit in the amount of $0.54 per Partnership exchangeable unit, and the record date and payment date for such distribution will be the same as the record date and payment date for the cash dividend per RBI common share set forth above. Derivatives We executed various derivative transactions during October 2022 as detailed in Note 14 – Derivative Instruments

Basis of Presentation and Con_2

Basis of Presentation and Consolidation (Policies)	9 Months Ended
	Sep. 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. Lessors—Certain Leases with Variable Lease Payments – In July 2021, the FASB issued guidance that requires lessors to classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if (a) the lease would have been classified as a sales-type lease or a direct financing lease in accordance with lease classification criteria and (b) the lessor would have otherwise recognized a day-one loss. This amendment is effective in 2022 with early adoption permitted. This guidance may be applied either retrospectively to leases that commenced or were modified on or after the adoption of lease guidance we adopted in 2019 or prospectively to leases that commence or are modified on or after the date that this new guidance is applied. The adoption of this new guidance during the first quarter of 2022 did not have a material impact on our Financial Statements.
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 franchise fees and 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)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 Nine Months Ended 2022 2021 2022 2021 Lease income - operating leases Minimum lease payments $ 100 $ 113 $ 314 $ 343 Variable lease payments 112 91 291 241 Amortization of favorable and unfavorable income lease contracts, net — 1 1 3 Subtotal - lease income from operating leases 212 205 606 587 Earned income on direct financing and sales-type leases 2 1 5 4 Total property revenues $ 214 $ 206 $ 611 $ 591

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 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 September 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 (8) (29) (4) (1) (42) Increase, excluding amounts recognized as revenue during the period 9 23 11 1 44 Impact of foreign currency translation (3) (24) — — (27) Balance at September 30, 2022 $ 63 $ 380 $ 63 $ 8 $ 514
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 September 30, 2022 (in millions): Contract liabilities expected to be recognized in TH BK PLK FHS Consolidated Remainder of 2022 $ 3 $ 9 $ 1 $ — $ 13 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 26 245 46 3 320 Total $ 63 $ 380 $ 63 $ 8 $ 514
Disaggregation of Total Revenues	Total revenues consist of the following (in millions): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Sales $ 759 $ 621 $ 2,076 $ 1,718 Royalties 451 414 1,292 1,149 Property revenues 214 206 611 591 Franchise fees and other revenue 33 15 86 55 Advertising revenues and other services 269 239 751 680 Total revenues $ 1,726 $ 1,495 $ 4,816 $ 4,193

Earnings per Unit (Tables)

Earnings per Unit (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended 2022 2021 2022 2021 Allocation of net income among partner interests: Net income allocated to Class A common unitholders $ 360 $ 221 $ 779 $ 659 Net income allocated to Partnership exchangeable unitholders 169 107 364 329 Net income attributable to common unitholders $ 529 $ 328 $ 1,143 $ 988 Denominator - basic and diluted partnership units: Weighted average Class A common units 202 202 202 202 Weighted average Partnership exchangeable units 143 151 144 154 Earnings per unit - basic and diluted: Class A common units (a) $ 1.78 $ 1.09 $ 3.86 $ 3.26 Partnership exchangeable units (a) $ 1.18 $ 0.71 $ 2.53 $ 2.14 (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)	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 705 $ (298) $ 407 $ 722 $ (290) $ 432 Favorable leases 90 (56) 34 104 (63) 41 Subtotal 795 (354) 441 826 (353) 473 Indefinite-lived intangible assets: Tim Hortons brand $ 6,182 $ — $ 6,182 $ 6,695 $ — $ 6,695 Burger King brand 2,037 — 2,037 2,126 — 2,126 Popeyes brand 1,355 — 1,355 1,355 — 1,355 Firehouse Subs brand 816 — 816 768 — 768 Subtotal 10,390 — 10,390 10,944 — 10,944 Intangible assets, net $ 10,831 $ 11,417 Goodwill Tim Hortons segment $ 3,991 $ 4,306 Burger King segment 576 601 Popeyes segment 846 846 Firehouse Subs segment 192 253 Total $ 5,605 $ 6,006

Equity Method Investments (Tabl

Equity Method Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Summary of Franchise and Property Revenues	We have equity interests in entities that own or franchise Tim Hortons, Burger King and Popeyes restaurants. Sales, 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 Nine Months Ended 2022 2021 2022 2021 Revenues from affiliates: Royalties $ 92 $ 111 $ 266 $ 254 Advertising revenues and other services 20 22 54 50 Property revenues 8 8 23 24 Franchise fees and other revenue 3 4 12 12 Sales 4 2 12 7 Total $ 127 $ 147 $ 367 $ 347

Other Accrued Liabilities and_2

Other Accrued Liabilities and Other Liabilities, net (Tables)	9 Months Ended
	Sep. 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 September 30, December 31, Current: Distribution payable $ 243 $ 241 Interest payable 96 63 Accrued compensation and benefits 90 99 Taxes payable 150 106 Deferred income 57 48 Accrued advertising expenses 45 43 Restructuring and other provisions 20 90 Current portion of operating lease liabilities 134 140 Other 124 117 Other accrued liabilities $ 959 $ 947 Noncurrent: Taxes payable $ 360 $ 533 Contract liabilities 514 531 Derivatives liabilities — 575 Unfavorable leases 52 65 Accrued pension 46 47 Deferred income 45 37 Other 27 34 Other liabilities, net $ 1,044 $ 1,822

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consists of the following (in millions): As of September 30, December 31, Term Loan B $ 5,203 $ 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 154 173 Less: unamortized deferred financing costs and deferred issue discount (118) (138) Total debt, net 12,939 12,978 Less: current maturities of debt (86) (62) Total long-term debt $ 12,853 $ 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 September 30, December 31, Fair value of our variable term debt and senior notes $ 11,568 $ 12,851 Principal carrying amount of our variable term debt and senior notes 12,903 12,943
Schedule of Interest Expense, Net	Interest expense, net consists of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Debt (a) $ 124 $ 117 $ 357 $ 345 Finance lease obligations 4 5 14 15 Amortization of deferred financing costs and debt issuance discount 7 7 21 20 Interest income (2) (1) (3) (2) Interest expense, net $ 133 $ 128 $ 389 $ 378

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 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 — — (1,015) (1,015) Net change in fair value of derivatives, net of tax 969 — — 969 Amounts reclassified to earnings of cash flow hedges, net of tax 42 — — 42 Gain (loss) recognized on other, net of tax — 3 — 3 Balance at September 30, 2022 $ 1,207 $ (27) $ (2,205) $ (1,025)

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges (1) Interest rate swaps $ 191 $ 15 $ 521 $ 100 Forward-currency contracts $ 14 $ 2 $ 18 $ — Derivatives designated as net investment hedges Cross-currency rate swaps $ 471 $ 174 $ 675 $ 91 (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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivatives designated as cash flow hedges Interest rate swaps Interest expense, net $ (8) $ (31) $ (60) $ (92) Forward-currency contracts Cost of sales $ 1 $ (2) $ 3 $ (6) Location of Gain or (Loss) Recognized in Earnings Gain or (Loss) Recognized in Earnings Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivatives designated as net investment hedges Cross-currency rate swaps Interest expense, net $ 17 $ 11 $ 40 $ 34
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair Value as of September 30, December 31, 2021 Balance Sheet Location Assets: Derivatives designated as cash flow hedges Interest rate $ 314 $ — Other assets, net Foreign currency 16 2 Prepaids and other current assets Derivatives designated as net investment hedges Foreign currency 261 23 Other assets, net Foreign currency 56 $ — Prepaids and other current assets Derivatives not designated as hedging instruments Foreign currency 56 — Prepaids and other current assets Total assets at fair value $ 703 $ 25 Liabilities: Derivatives designated as cash flow hedges Interest rate $ — $ 220 Other liabilities, net Derivatives designated as net investment hedges Foreign currency — 355 Other liabilities, net Derivatives not designated as hedging instruments Foreign currency 30 — Other accrued liabilities Total liabilities at fair value $ 30 $ 575

Other Operating Expenses (Inc_2

Other Operating Expenses (Income), net (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net losses (gains) on disposal of assets, restaurant closures, and refranchisings $ 1 $ 2 $ 2 $ 1 Litigation settlements (gains) and reserves, net — 4 3 7 Net losses (gains) on foreign exchange (30) (23) (82) (58) Other, net 2 1 9 — Other operating expenses (income), net $ (27) $ (16) $ (68) $ (50)

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Revenues by Geographic Segment	The following tables present revenues, by segment and by country (in millions): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Revenues by operating segment: TH $ 1,033 $ 885 $ 2,830 $ 2,426 BK 491 467 1,407 1,333 PLK 164 143 477 434 FHS 38 — 102 — Total revenues $ 1,726 $ 1,495 $ 4,816 $ 4,193 Three Months Ended Nine Months Ended 2022 2021 2022 2021 Revenues by country (a): Canada $ 940 $ 808 $ 2,565 $ 2,200 United States 587 500 1,679 1,493 Other 199 187 572 500 Total revenues $ 1,726 $ 1,495 $ 4,816 $ 4,193 (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 Nine Months Ended 2022 2021 2022 2021 Segment income: TH $ 305 $ 278 $ 810 $ 738 BK 262 272 761 755 PLK 62 57 179 171 FHS 13 — 40 — Adjusted EBITDA 642 607 1,790 1,664 Share-based compensation and non-cash incentive compensation expense 34 25 93 71 FHS Transaction costs 3 — 8 — Corporate restructuring and tax advisory fees 12 4 21 8 Impact of equity method investments (a) 13 11 41 22 Other operating expenses (income), net (27) (16) (68) (50) EBITDA 607 583 1,695 1,613 Depreciation and amortization 46 50 143 150 Income from operations 561 533 1,552 1,463 Interest expense, net 133 128 389 378 Loss on early extinguishment of debt — 11 — 11 Income tax expense (benefit) (102) 65 17 83 Net income $ 530 $ 329 $ 1,146 $ 991 (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)	9 Months Ended
	Sep. 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 September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 946 $ — $ — $ 946 Accounts and notes receivable, net 598 — — 598 Inventories, net 129 — — 129 Prepaids and other current assets 251 — — 251 Total current assets 1,924 — — 1,924 Property and equipment, net 1,913 — — 1,913 Operating lease assets, net 1,056 — — 1,056 Intangible assets, net 10,831 — — 10,831 Goodwill 5,605 — — 5,605 Net investment in property leased to franchisees 83 — — 83 Intercompany receivable — 243 (243) — Investment in subsidiaries — 4,039 (4,039) — Other assets, net 1,145 — — 1,145 Total assets $ 22,557 $ 4,282 $ (4,282) $ 22,557 LIABILITIES AND EQUITY Current liabilities: Accounts and drafts payable $ 696 $ — $ — $ 696 Other accrued liabilities 716 243 — 959 Gift card liability 148 — — 148 Current portion of long-term debt and finance leases 117 — — 117 Total current liabilities 1,677 243 — 1,920 Long-term debt, net of current portion 12,853 — — 12,853 Finance leases, net of current portion 310 — — 310 Operating lease liabilities, net of current portion 1,003 — — 1,003 Other liabilities, net 1,044 — — 1,044 Payables to affiliates 243 — (243) — Deferred income taxes, net 1,388 — — 1,388 Total liabilities 18,518 243 (243) 18,518 Partners’ capital: Class A common units — 8,570 — 8,570 Partnership exchangeable units — (3,508) — (3,508) Common shares 2,410 — (2,410) — Retained earnings 2,652 — (2,652) — Accumulated other comprehensive income (loss) (1,025) (1,025) 1,025 (1,025) Total Partners' capital/shareholders' equity 4,037 4,037 (4,037) 4,037 Noncontrolling interests 2 2 (2) 2 Total equity 4,039 4,039 (4,039) 4,039 Total liabilities and equity $ 22,557 $ 4,282 $ (4,282) $ 22,557 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 September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 759 $ — $ — $ 759 Franchise and property revenues 698 — — 698 Advertising revenues and other services 269 — — 269 Total revenues 1,726 — — 1,726 Operating costs and expenses: Cost of sales 615 — — 615 Franchise and property expenses 137 — — 137 Advertising expenses and other services 276 — — 276 General and administrative expenses 156 — — 156 (Income) loss from equity method investments 8 — — 8 Other operating expenses (income), net (27) — — (27) Total operating costs and expenses 1,165 — — 1,165 Income from operations 561 — — 561 Interest expense, net 133 — — 133 Income before income taxes 428 — — 428 Income tax expense (benefit) (102) — — (102) Net income 530 — — 530 Equity in earnings of consolidated subsidiaries — 530 (530) — Net income (loss) 530 530 (530) 530 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 529 $ 529 $ (529) $ 529 Comprehensive income (loss) $ 343 $ 343 $ (343) $ 343 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Nine Months Ended September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 2,076 $ — $ — $ 2,076 Franchise and property revenues 1,989 — — 1,989 Advertising revenues and other services 751 — — 751 Total revenues 4,816 — — 4,816 Operating costs and expenses: Cost of sales 1,693 — — 1,693 Franchise and property expenses 392 — — 392 Advertising expenses and other services 782 — — 782 General and administrative expenses 435 — — 435 (Income) loss from equity method investments 30 — — 30 Other operating expenses (income), net (68) — — (68) Total operating costs and expenses 3,264 — — 3,264 Income from operations 1,552 — — 1,552 Interest expense, net 389 — — 389 Income before income taxes 1,163 — — 1,163 Income tax expense (benefit) 17 — — 17 Net income 1,146 — — 1,146 Equity in earnings of consolidated subsidiaries — 1,146 (1,146) — Net income (loss) 1,146 1,146 (1,146) 1,146 Net income (loss) attributable to noncontrolling interests 3 3 (3) 3 Net income (loss) attributable to common unitholders $ 1,143 $ 1,143 $ (1,143) $ 1,143 Comprehensive income (loss) $ 1,145 $ 1,145 $ (1,145) $ 1,145 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Three Months Ended September 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 621 $ — $ — $ 621 Franchise and property revenues 635 — — 635 Advertising revenues and other services 239 — — 239 Total revenues 1,495 — — 1,495 Operating costs and expenses: Cost of sales 490 — — 490 Franchise and property expenses 121 — — 121 Advertising expenses and other services 245 — — 245 General and administrative expenses 115 — — 115 (Income) loss from equity method investments 7 — — 7 Other operating expenses (income), net (16) — — (16) Total operating costs and expenses 962 — — 962 Income from operations 533 — — 533 Interest expense, net 128 — — 128 Loss on early extinguishment of debt 11 — — 11 Income before income taxes 394 — — 394 Income tax expense (benefit) 65 — — 65 Net income 329 — — 329 Equity in earnings of consolidated subsidiaries — 329 (329) — Net income (loss) 329 329 (329) 329 Net income (loss) attributable to noncontrolling interests 1 1 (1) 1 Net income (loss) attributable to common unitholders $ 328 $ 328 $ (328) $ 328 Comprehensive income (loss) $ 252 $ 252 $ (252) $ 252 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Operations (In millions of U.S. dollars) Nine Months Ended September 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Revenues: Sales $ 1,718 $ — $ — $ 1,718 Franchise and property revenues 1,795 — — 1,795 Advertising revenues and other services 680 680 Total revenues 4,193 — — 4,193 Operating costs and expenses: Cost of sales 1,358 — — 1,358 Franchise and property expenses 358 — — 358 Advertising expenses and other services 725 — — 725 General and administrative expenses 327 — — 327 (Income) loss from equity method investments 12 — — 12 Other operating expenses (income), net (50) — — (50) Total operating costs and expenses 2,730 — — 2,730 Income from operations 1,463 — — 1,463 Interest expense, net 378 — — 378 Loss on early extinguishment of debt 11 — — 11 Income before income taxes 1,074 — — 1,074 Income tax expense (benefit) 83 — — 83 Net income 991 — — 991 Equity in earnings of consolidated subsidiaries — 991 (991) — Net income (loss) 991 991 (991) 991 Net income (loss) attributable to noncontrolling interests 3 3 (3) 3 Net income (loss) attributable to common unitholders $ 988 $ 988 $ (988) $ 988 Comprehensive income (loss) $ 1,177 $ 1,177 $ (1,177) $ 1,177
Condensed Cash Flow Statement	Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Nine months ended September 30, 2022 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 1,146 $ 1,146 $ (1,146) $ 1,146 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (1,146) 1,146 — Depreciation and amortization 143 — — 143 Amortization of deferred financing costs and debt issuance discount 21 — — 21 (Income) loss from equity method investments 30 — — 30 (Gain) loss on remeasurement of foreign denominated transactions (82) — — (82) Net (gains) losses on derivatives 17 — — 17 Share-based compensation and non-cash incentive compensation expense 93 — — 93 Deferred income taxes (29) — — (29) Other 8 — — 8 Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable (93) — — (93) Inventories and prepaids and other current assets (67) — — (67) Accounts and drafts payable 113 — — 113 Other accrued liabilities and gift card liability (74) — — (74) Tenant inducements paid to franchisees (13) — — (13) Other long-term assets and liabilities (146) — — (146) Net cash provided by operating activities 1,067 — — 1,067 Cash flows from investing activities: Payments for property and equipment (52) — — (52) Net proceeds from disposal of assets, restaurant closures, and refranchisings 11 — — 11 Net payments in connection with purchase of Firehouse Subs (12) — — (12) Settlement/sale of derivatives, net 22 — — 22 Other investing activities, net (35) — — (35) Net cash (used for) provided by investing activities (66) — — (66) Cash flows from financing activities: Proceeds from long-term debt 2 — — 2 Repayments of long-term debt and finance leases (71) — — (71) Distributions on Class A common and Partnership exchangeable units — (728) — (728) Distribution to RBI for repurchase of RBI common shares — (326) — (326) Capital contribution from RBI 7 — — 7 Distributions from subsidiaries (1,054) 1,054 — — (Payments) proceeds from derivatives 8 — — 8 Other financing activities, net (3) — — (3) Net cash (used for) provided by financing activities (1,111) — — (1,111) Effect of exchange rates on cash and cash equivalents (31) — — (31) Increase (decrease) in cash and cash equivalents (141) — — (141) Cash and cash equivalents at beginning of period 1,087 — — 1,087 Cash and cash equivalents at end of period $ 946 $ — $ — $ 946 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In millions of U.S. dollars) Nine Months Ended September 30, 2021 Consolidated Borrowers RBILP Eliminations Consolidated Cash flows from operating activities: Net income $ 991 $ 991 $ (991) $ 991 Adjustments to reconcile net income to net cash provided by operating activities: Equity in loss (earnings) of consolidated subsidiaries — (991) 991 — Depreciation and amortization 150 — — 150 Premiums paid and non-cash loss on extinguishment of debt 11 — — 11 Amortization of deferred financing costs and debt issuance discount 20 — — 20 (Income) loss from equity method investments 12 — — 12 (Gain) loss on remeasurement of foreign denominated transactions (58) — — (58) Net (gains) losses on derivatives 65 — — 65 Share-based compensation and non-cash incentive compensation expense 71 — — 71 Deferred income taxes 35 — — 35 Other (14) — — (14) Changes in current assets and liabilities, excluding acquisitions and dispositions: Accounts and notes receivable 11 — — 11 Inventories and prepaids and other current assets (3) — — (3) Accounts and drafts payable 129 — — 129 Other accrued liabilities and gift card liability (87) — — (87) Tenant inducements paid to franchisees (5) — — (5) Other long-term assets and liabilities (73) — — (73) Net cash provided by operating activities 1,255 — — 1,255 Cash flows from investing activities: Payments for property and equipment (70) — — (70) Net proceeds from disposal of assets, restaurant closures, and refranchisings 14 — — 14 Settlement/sale of derivatives, net 2 — — 2 Other investing activities, net (15) — — (15) Net cash (used for) provided by investing activities (69) — — (69) Cash flows from financing activities: Proceeds from revolving line of credit and long-term debt 802 — — 802 Repayments of long-term debt and finance leases (865) — — (865) Payment of financing costs (7) — — (7) Distributions on Class A common and Partnership exchangeable units — (730) — (730) Distribution to RBI for repurchase of RBI common shares — (182) — (182) Capital contribution from RBI 60 — — 60 Distributions from subsidiaries (912) 912 — — (Payments) proceeds from derivatives (45) — — (45) Other financing activities, net (3) — — (3) Net cash (used for) provided by financing activities (970) — — (970) Effect of exchange rates on cash and cash equivalents (3) — — (3) Increase (decrease) in cash and cash equivalents 213 — — 213 Cash and cash equivalents at beginning of period 1,560 — — 1,560 Cash and cash equivalents at end of period $ 1,773 $ — $ — $ 1,773

Description of Business and O_2

Description of Business and Organization - Additional Information (Details)	Sep. 30, 2022 restaurant brand country
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	29,968
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	5,405
Burger King brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	19,401
Popeyes brand
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants	3,928
FHS
Basis Of Presentation [Line Items]
Number of franchised or owned restaurants | brand	1,234

Basis of Presentation and Con_3

Basis of Presentation and Consolidation - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) restaurant	Sep. 30, 2021 USD ($)	Dec. 31, 2021 restaurant
Summary Of Accounting Policies [Line Items]
Revenues	$ 1,726	$ 1,495	$ 4,816	$ 4,193
General and administrative expenses decrease	(156)	(115)	(435)	(327)
Advertising expenses and other services	276	245	782	725
Revision of Prior Period, Reclassification, Adjustment | Technology Expense
Summary Of Accounting Policies [Line Items]
General and administrative expenses decrease		8		14
Advertising expenses and other services		8		14
Advertising revenues and other services
Summary Of Accounting Policies [Line Items]
Revenues	269	239	751	680
Advertising revenues and other services | Revision of Prior Period, Reclassification, Adjustment | Technology Fee
Summary Of Accounting Policies [Line Items]
Revenues		4		6
Franchise and property revenues
Summary Of Accounting Policies [Line Items]
Revenues	$ 698	635	$ 1,989	1,795
Franchise and property revenues | Revision of Prior Period, Reclassification, Adjustment | Technology Fee
Summary Of Accounting Policies [Line Items]
Revenues		$ (4)		$ (6)
Restaurant VIEs
Summary Of Accounting Policies [Line Items]
Number of VIE consolidated restaurants | restaurant			44		46

Firehouse Acquisition - Narrati

Firehouse Acquisition - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Dec. 15, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Business Acquisition [Line Items]
Proceeds from long-term debt				$ 2	$ 802
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		$ 3	$ 0	$ 8	$ 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	Sep. 30, 2022	Dec. 31, 2021	Dec. 15, 2021
Business Acquisition [Line Items]
Goodwill	$ 5,605	$ 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	10 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lease income - operating leases
Minimum lease payments	$ 100	$ 113	$ 314	$ 343
Variable lease payments	112	91	291	241
Amortization of favorable and unfavorable income lease contracts, net	0	1	1	3
Subtotal - lease income from operating leases	212	205	606	587
Earned income on direct financing and sales-type leases	2	1	5	4
Total property revenues	$ 214	$ 206	$ 611	$ 591

Revenue Recognition - Change In

Revenue Recognition - Change In Contract Liabilities (Details) $ in Millions	9 Months Ended
	Sep. 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	(42)
Increase, excluding amounts recognized as revenue during the period	44
Impact of foreign currency translation	(27)
Ending balance	514
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	(8)
Increase, excluding amounts recognized as revenue during the period	9
Impact of foreign currency translation	(3)
Ending balance	63
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	(29)
Increase, excluding amounts recognized as revenue during the period	23
Impact of foreign currency translation	(24)
Ending balance	380
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	(4)
Increase, excluding amounts recognized as revenue during the period	11
Impact of foreign currency translation	0
Ending balance	63
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	Sep. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 514
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 13
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 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	$ 320
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	$ 63
TH | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 3
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 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	$ 380
BK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
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	3 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	$ 245
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	$ 63
PLK | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	$ 1
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 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	$ 46
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]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities expected to be recognized in	0
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	$ 3

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Total Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Property revenues	$ 214	$ 206	$ 611	$ 591
Total revenues	1,726	1,495	4,816	4,193
Sales
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	759	621	2,076	1,718
Total revenues	759	621	2,076	1,718
Royalties
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	451	414	1,292	1,149
Franchise fees and other revenue
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	33	15	86	55
Advertising revenues and other services
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenues	269	239	751	680
Total revenues	$ 269	$ 239	$ 751	$ 680

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 529	$ 328	$ 1,143	$ 988
Class A common units
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 360	$ 221	$ 779	$ 659
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)	$ 1.78	$ 1.09	$ 3.86	$ 3.26
Earnings per unit, diluted (in usd per share)	$ 1.78	$ 1.09	$ 3.86	$ 3.26
Partnership exchangeable units
Allocation of net income among partner interests:
Net income attributable to common unitholders	$ 169	$ 107	$ 364	$ 329
Denominator - basic and diluted partnership units:
Weighted average number of unit outstanding, basic (in shares)	143	151	144	154
Weighted average number of units outstanding, diluted (in shares)	143	151	144	154
Earnings per unit - basic and diluted:
Earnings per unit, basic (in usd per share)	$ 1.18	$ 0.71	$ 2.53	$ 2.14
Earnings per unit, diluted (in usd per share)	$ 1.18	$ 0.71	$ 2.53	$ 2.14

Intangible Assets, net and Go_3

Intangible Assets, net and Goodwill - Schedule of Intangible Assets, net and Goodwill (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross	$ 795	$ 826
Accumulated Amortization	(354)	(353)
Net	441	473
Indefinite-lived Intangible Assets [Line Items]
Intangible assets, net	10,831	11,417
Goodwill [Line Items]
Goodwill	5,605	6,006
Tim Hortons brand
Goodwill [Line Items]
Goodwill	3,991	4,306
Burger King brand
Goodwill [Line Items]
Goodwill	576	601
Popeyes brand
Goodwill [Line Items]
Goodwill	846	846
Firehouse Subs brand
Goodwill [Line Items]
Goodwill	192	253
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	10,390	10,944
Trade names | Tim Hortons brand
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	6,182	6,695
Trade names | Burger King brand
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	2,037	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	705	722
Accumulated Amortization	(298)	(290)
Net	407	432
Favorable leases
Finite-Lived Intangible Assets [Line Items]
Gross	90	104
Accumulated Amortization	(56)	(63)
Net	$ 34	$ 41

Intangible Assets, net and Go_4

Intangible Assets, net and Goodwill - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 9	$ 10	$ 29	$ 31

Equity Method Investments - Add

Equity Method Investments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	41		41		48
Carrols Restaurant Group, Inc.
Schedule of Equity Method Investments [Line Items]
Quoted market price	$ 15		$ 15
BK Brasil
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	9.40%		9.40%
Quoted market price	$ 33		$ 33
TH International Limited
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	8%		8%
Quoted market price	$ 71		$ 71
Wendy's Company TIMWEN Partnership | Tim Hortons brand
Schedule of Equity Method Investments [Line Items]
Cash distributions	5	$ 3	10	$ 9
Rent expense	$ 5	$ 5	$ 14	$ 13
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	$ 179		$ 179		$ 194

Equity Method Investments - Sum

Equity Method Investments - Summary of Franchise and Property Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues from affiliates:
Property revenues	$ 214	$ 206	$ 611	$ 591
Total revenues	1,726	1,495	4,816	4,193
Affiliates
Revenues from affiliates:
Total revenues	127	147	367	347
Royalties
Revenues from affiliates:
Revenues	451	414	1,292	1,149
Royalties | Affiliates
Revenues from affiliates:
Revenues	92	111	266	254
Advertising revenues and other services
Revenues from affiliates:
Revenues	269	239	751	680
Total revenues	269	239	751	680
Advertising revenues and other services | Affiliates
Revenues from affiliates:
Revenues	20	22	54	50
Property revenues | Affiliates
Revenues from affiliates:
Property revenues	8	8	23	24
Franchise fees and other revenue
Revenues from affiliates:
Revenues	33	15	86	55
Franchise fees and other revenue | Affiliates
Revenues from affiliates:
Revenues	3	4	12	12
Sales | Affiliates
Revenues from affiliates:
Revenues	$ 4	$ 2	$ 12	$ 7

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	Sep. 30, 2022	Dec. 31, 2021
Current:
Distribution payable	$ 243	$ 241
Interest payable	96	63
Accrued compensation and benefits	90	99
Taxes payable	150	106
Deferred income	57	48
Accrued advertising expenses	45	43
Restructuring and other provisions	20	90
Current portion of operating lease liabilities	134	140
Other	124	117
Other accrued liabilities	959	947
Noncurrent:
Taxes payable	360	533
Contract liabilities	514	531
Derivatives liabilities	0	575
Unfavorable leases	52	65
Accrued pension	46	47
Deferred income	45	37
Other	27	34
Other liabilities, net	$ 1,044	$ 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	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
TH Facility and other	$ 154	$ 173
Less: unamortized deferred financing costs and deferred issue discount	(118)	(138)
Total debt, net	12,939	12,978
Less: current maturities of debt	(86)	(62)
Total long-term debt	12,853	12,916
Term Loan B
Debt Instrument [Line Items]
Term loan facility	5,203	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 ($)	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Amount outstanding under credit facility	$ 12,939,000,000	$ 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	9 Months Ended
	Sep. 30, 2022 USD ($) subsidiary	Sep. 30, 2022 CAD ($) subsidiary	Dec. 31, 2021 USD ($)
Line of Credit Facility [Line Items]
Amount outstanding under credit facility	$ 12,939		$ 12,978
TH Facility
Line of Credit Facility [Line Items]
Aggregate principal amount outstanding		$ 225,000,000
Amount outstanding under credit facility		$ 205,000,000
Interest rate	5.10%	5.10%
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)	9 Months Ended
	Sep. 30, 2022 USD ($) subsidiary	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Amount outstanding under credit facility	$ 12,939,000,000	$ 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
Amount outstanding under credit facility	$ 2,000,000
Interest rate	4.05%
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	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Fair value of our variable term debt and senior notes	$ 11,568	$ 12,851
Principal carrying amount of our variable term debt and senior notes	$ 12,903	$ 12,943

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	$ 124	$ 117	$ 357	$ 345
Finance lease obligations	4	5	14	15
Amortization of deferred financing costs and debt issuance discount	7	7	21	20
Interest income	(2)	(1)	(3)	(2)
Interest expense, net	133	128	389	378
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	$ 17	$ 11	$ 40	$ 34

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	(23.80%)	16.70%	1.50%	7.70%
Effective tax rate, net reserve releases			$ 171	$ 87
Decrease in effective tax rate	39.90%		14.70%	8.10%

Equity - Additional Information

Equity - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 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	1,694,859

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss)
Beginning balances	$ 3,909	$ 4,259	$ 3,853	$ 3,721
Foreign currency translation adjustment	(727)	(257)	(1,015)	(62)
Net change in fair value of derivatives, net of tax			969
Amounts reclassified to earnings of cash flow hedges, net of tax	5	24	42	77
Gain (loss) recognized on other, net of tax	1	0	3	2
Ending balances	4,039	4,108	4,039	4,108
Derivatives
Accumulated Other Comprehensive Income (Loss)
Beginning balances			196
Net change in fair value of derivatives, net of tax			969
Amounts reclassified to earnings of cash flow hedges, net of tax			42
Ending balances	1,207		1,207
Pensions
Accumulated Other Comprehensive Income (Loss)
Beginning balances			(30)
Gain (loss) recognized on other, net of tax			3
Ending balances	(27)		(27)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss)
Beginning balances			(1,190)
Foreign currency translation adjustment			(1,015)
Ending balances	(2,205)		(2,205)
Accumulated  Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Beginning balances	(838)	(1,012)	(1,024)	(1,275)
Ending balances	$ (1,025)	$ (1,089)	$ (1,025)	$ (1,089)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) € in Millions, $ in Millions	1 Months Ended	9 Months Ended
	Oct. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 CAD ($)	Sep. 30, 2022 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Settlement/sale of derivatives, net		$ 22,000,000	$ 2,000,000
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		69,000,000
Cross Currency Interest Rate Contract | Derivatives designated as net investment hedges | Subsequent Event
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Settlement/sale of derivatives, net	$ 35,000,000
Cross Currency Interest Rate Contract | Fixed Income Interest Rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount				$ 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		5,000,000,000				$ 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
Cross Currency Interest Rate Contract One | Fixed Income Interest Rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount		5,000,000,000
Derivative, notional amount, dedesignated		2,500,000,000
Cross Currency Interest Rate Contract Two | Fixed Income Interest Rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount		2,500,000,000
Cross Currency Interest Rate Contract Two | Fixed Income Interest Rate | Subsequent Event
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount, dedesignated	2,500,000,000
Foreign Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount		202,000,000
Cross Currency Interest Rate Contract, New | Fixed Income Interest Rate | Subsequent Event
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 2,500,000,000
Cross Currency Contract Maturity June 30, 2023 | Fixed Income Interest Rate | Derivatives designated as net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount		$ 5,000,000,000

Derivative Instruments - Quanti

Derivative Instruments - Quantitative Disclosures of Derivative Instruments Including Estimated Fair Values (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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)	$ 191	$ 15	$ 521	$ 100
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	(8)	(31)	(60)	(92)
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)	14	2	18	0
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)	3	(6)
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)	471	174	675	91
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)	$ 17	$ 11	$ 40	$ 34

Derivative Instruments - Summar

Derivative Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	$ 703	$ 25
Derivatives liabilities	30	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	314	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	16	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	261	23
Derivatives designated as net investment hedges | Foreign currency | Prepaids and other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	56	0
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	0	355
Derivatives not designated as hedging instruments | Foreign currency | Prepaids and other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	56	0
Derivatives not designated as hedging instruments | Foreign currency | Other liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives liabilities	$ 30	$ 0

Other Operating Expenses (Inc_3

Other Operating Expenses (Income), net - Other Operating Expenses (Income), Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings	$ 1	$ 2	$ 2	$ 1
Litigation settlements (gains) and reserves, net	0	4	3	7
Net losses (gains) on foreign exchange	(30)	(23)	(82)	(58)
Other, net	2	1	9	0
Other operating expenses (income), net	$ (27)	$ (16)	$ (68)	$ (50)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	1 Months Ended
	Apr. 30, 2022 case	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
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)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue, Major Customer [Line Items]
Total revenues	$ 1,726	$ 1,495	$ 4,816	$ 4,193
Canada
Revenue, Major Customer [Line Items]
Total revenues	$ 940	$ 808	$ 2,565	$ 2,200
Canada | Revenue Benchmark | Geographic Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk, percentage	10%	10%	10%	10%
United States
Revenue, Major Customer [Line Items]
Total revenues	$ 587	$ 500	$ 1,679	$ 1,493
United States | Revenue Benchmark | Geographic Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk, percentage	10%	10%	10%	10%
Other
Revenue, Major Customer [Line Items]
Total revenues	$ 199	$ 187	$ 572	$ 500
TH
Revenue, Major Customer [Line Items]
Total revenues	1,033	885	2,830	2,426
BK
Revenue, Major Customer [Line Items]
Total revenues	491	467	1,407	1,333
PLK
Revenue, Major Customer [Line Items]
Total revenues	164	143	477	434
FHS
Revenue, Major Customer [Line Items]
Total revenues	$ 38	$ 0	$ 102	$ 0

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Segment Income to Net Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	$ 642			$ 607			$ 1,790	$ 1,664
Impact of equity method investments	8			7			30	12
Other operating expenses (income), net	(27)			(16)			(68)	(50)
EBITDA	607			583			1,695	1,613
Depreciation and amortization	46			50			143	150
Income from operations	561			533			1,552	1,463
Interest expense, net	133			128			389	378
Loss on early extinguishment of debt	0			11			0	11
Income tax expense (benefit)	(102)			65			17	83
Net income	530	$ 346	$ 270	329	$ 391	$ 271	1,146	991
Unallocated Management G&A
Segment Reporting, Revenue Reconciling Item [Line Items]
Share-based compensation and non-cash incentive compensation expense	34			25			93	71
Corporate restructuring and tax advisory fees	12			4			21	8
Impact of equity method investments	13			11			41	22
Other operating expenses (income), net	(27)			(16)			(68)	(50)
Unallocated Management G&A | Firehouse Subs brand
Segment Reporting, Revenue Reconciling Item [Line Items]
FHS Transaction costs	3			0			8	0
TH | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	305			278			810	738
BK | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	262			272			761	755
PLK | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	62			57			179	171
FHS | Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA	$ 13			$ 0			$ 40	$ 0

Supplemental Financial Inform_3

Supplemental Financial Information - Narrative (Details)	Sep. 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	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 946			$ 1,087	$ 1,773			$ 1,560
Accounts and notes receivable, net	598			547
Inventories, net	129			96
Prepaids and other current assets	251			86
Total current assets	1,924			1,816
Property and equipment, net	1,913			2,035
Operating lease assets, net	1,056			1,130
Intangible assets, net	10,831			11,417
Goodwill	5,605			6,006
Net investment in property leased to franchisees	83			80
Intercompany receivable	0			0
Investment in subsidiaries	0			0
Other assets, net	1,145			762
Total assets	22,557			23,246
Current liabilities:
Accounts and drafts payable	696			614
Other accrued liabilities	959			947
Gift card liability	148			221
Current portion of long-term debt and finance leases	117			96
Total current liabilities	1,920			1,878
Long-term debt, net of current portion	12,853			12,916
Finance leases, net of current portion	310			333
Operating lease liabilities, net of current portion	1,003			1,070
Other liabilities, net	1,044			1,822
Payables to affiliates	0			0
Deferred income taxes, net	1,388			1,374
Total liabilities	18,518			19,393
Partners’ capital:
Common shares	0			0
Retained earnings	0			0
Accumulated other comprehensive income (loss)	(1,025)			(1,024)
Total Partners’ capital	4,037			3,850
Noncontrolling interests	2			3
Total equity	4,039	$ 3,909	$ 3,961	3,853	4,108	$ 4,259	$ 4,002	3,721
Total liabilities and equity	22,557			23,246
Class A common units
Partners’ capital:
Class A common units	8,570			8,421
Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	(3,508)			(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	(4,039)			(3,853)
Other assets, net	0			0
Total assets	(4,282)			(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	(2,410)			(2,635)
Retained earnings	(2,652)			(2,239)
Accumulated other comprehensive income (loss)	1,025			1,024
Total Partners’ capital	(4,037)			(3,850)
Noncontrolling interests	(2)			(3)
Total equity	(4,039)			(3,853)
Total liabilities and equity	(4,282)			(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	946			1,087	1,773			1,560
Accounts and notes receivable, net	598			547
Inventories, net	129			96
Prepaids and other current assets	251			86
Total current assets	1,924			1,816
Property and equipment, net	1,913			2,035
Operating lease assets, net	1,056			1,130
Intangible assets, net	10,831			11,417
Goodwill	5,605			6,006
Net investment in property leased to franchisees	83			80
Intercompany receivable	0			0
Investment in subsidiaries	0			0
Other assets, net	1,145			762
Total assets	22,557			23,246
Current liabilities:
Accounts and drafts payable	696			614
Other accrued liabilities	716			706
Gift card liability	148			221
Current portion of long-term debt and finance leases	117			96
Total current liabilities	1,677			1,637
Long-term debt, net of current portion	12,853			12,916
Finance leases, net of current portion	310			333
Operating lease liabilities, net of current portion	1,003			1,070
Other liabilities, net	1,044			1,822
Payables to affiliates	243			241
Deferred income taxes, net	1,388			1,374
Total liabilities	18,518			19,393
Partners’ capital:
Common shares	2,410			2,635
Retained earnings	2,652			2,239
Accumulated other comprehensive income (loss)	(1,025)			(1,024)
Total Partners’ capital	4,037			3,850
Noncontrolling interests	2			3
Total equity	4,039			3,853
Total liabilities and equity	22,557			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	4,039			3,853
Other assets, net	0			0
Total assets	4,282			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)	(1,025)			(1,024)
Total Partners’ capital	4,037			3,850
Noncontrolling interests	2			3
Total equity	4,039			3,853
Total liabilities and equity	4,282			4,094
RBILP | Reportable Legal Entities | Class A common units
Partners’ capital:
Class A common units	8,570			8,421
RBILP | Reportable Legal Entities | Partnership exchangeable units
Partners’ capital:
Partnership exchangeable units	$ (3,508)			$ (3,547)

Supplemental Financial Inform_5

Supplemental Financial Information - Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Total revenues	$ 1,726			$ 1,495			$ 4,816	$ 4,193
Operating costs and expenses:
Cost of sales	615			490			1,693	1,358
Franchise and property expenses	137			121			392	358
Advertising expenses and other services	276			245			782	725
General and administrative expenses	156			115			435	327
(Income) loss from equity method investments	8			7			30	12
Other operating expenses (income), net	(27)			(16)			(68)	(50)
Total operating costs and expenses	1,165			962			3,264	2,730
Income from operations	561			533			1,552	1,463
Interest expense, net	133			128			389	378
Loss on early extinguishment of debt	0			11			0	11
Income before income taxes	428			394			1,163	1,074
Income tax expense (benefit)	(102)			65			17	83
Net income	530			329			1,146	991
Equity in earnings of consolidated subsidiaries	0			0			0	0
Net income	530	$ 346	$ 270	329	$ 391	$ 271	1,146	991
Net income (loss) attributable to noncontrolling interests	1			1			3	3
Net income attributable to common unitholders	529			328			1,143	988
Comprehensive income (loss)	343			252			1,145	1,177
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
Loss on early extinguishment of debt				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	(530)			(329)			(1,146)	(991)
Net income	(530)			(329)			(1,146)	(991)
Net income (loss) attributable to noncontrolling interests	(1)			(1)			(3)	(3)
Net income attributable to common unitholders	(529)			(328)			(1,143)	(988)
Comprehensive income (loss)	(343)			(252)			(1,145)	(1,177)
Consolidated Borrowers | Reportable Legal Entities
Revenues:
Total revenues	1,726			1,495			4,816	4,193
Operating costs and expenses:
Cost of sales	615			490			1,693	1,358
Franchise and property expenses	137			121			392	358
Advertising expenses and other services	276			245			782	725
General and administrative expenses	156			115			435	327
(Income) loss from equity method investments	8			7			30	12
Other operating expenses (income), net	(27)			(16)			(68)	(50)
Total operating costs and expenses	1,165			962			3,264	2,730
Income from operations	561			533			1,552	1,463
Interest expense, net	133			128			389	378
Loss on early extinguishment of debt				11				11
Income before income taxes	428			394			1,163	1,074
Income tax expense (benefit)	(102)			65			17	83
Net income	530			329			1,146	991
Equity in earnings of consolidated subsidiaries	0			0			0	0
Net income	530			329			1,146	991
Net income (loss) attributable to noncontrolling interests	1			1			3	3
Net income attributable to common unitholders	529			328			1,143	988
Comprehensive income (loss)	343			252			1,145	1,177
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
Loss on early extinguishment of debt				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	530			329			1,146	991
Net income	530			329			1,146	991
Net income (loss) attributable to noncontrolling interests	1			1			3	3
Net income attributable to common unitholders	529			328			1,143	988
Comprehensive income (loss)	343			252			1,145	1,177
Sales
Revenues:
Total revenues	759			621			2,076	1,718
Sales | Eliminations
Revenues:
Total revenues	0			0			0	0
Sales | Consolidated Borrowers | Reportable Legal Entities
Revenues:
Total revenues	759			621			2,076	1,718
Sales | RBILP | Reportable Legal Entities
Revenues:
Total revenues	0			0			0	0
Franchise and property revenues
Revenues:
Total revenues	698			635			1,989	1,795
Franchise and property revenues | Eliminations
Revenues:
Total revenues	0			0			0	0
Franchise and property revenues | Consolidated Borrowers | Reportable Legal Entities
Revenues:
Total revenues	698			635			1,989	1,795
Franchise and property revenues | RBILP | Reportable Legal Entities
Revenues:
Total revenues	0			0			0	0
Advertising revenues and other services
Revenues:
Total revenues	269			239			751	680
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	269			239			751	680
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						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 530	$ 346	$ 270	$ 329	$ 391	$ 271	$ 1,146	$ 991
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							143	150
Loss on early extinguishment of debt	0			11			0	11
Amortization of deferred financing costs and debt issuance discount	7			7			21	20
(Income) loss from equity method investments	8			7			30	12
(Gain) loss on remeasurement of foreign denominated transactions							(82)	(58)
Net (gains) losses on derivatives							17	65
Share-based compensation and non-cash incentive compensation expense							93	71
Deferred income taxes							(29)	35
Other							8	(14)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable							(93)	11
Inventories and prepaids and other current assets							(67)	(3)
Accounts and drafts payable							113	129
Other accrued liabilities and gift card liability							(74)	(87)
Tenant inducements paid to franchisees							(13)	(5)
Other long-term assets and liabilities							(146)	(73)
Net cash provided by operating activities							1,067	1,255
Cash flows from investing activities:
Payments for property and equipment							(52)	(70)
Net proceeds from disposal of assets, restaurant closures, and refranchisings							11	14
Net payments in connection with purchase of Firehouse Subs							(12)	0
Settlement/sale of derivatives, net							22	2
Other investing activities, net							(35)	(15)
Net cash (used for) provided by investing activities							(66)	(69)
Cash flows from financing activities:
Proceeds from long-term debt							2	802
Repayments of long-term debt and finance leases							(71)	(865)
Payment of financing costs							0	(7)
Distributions on Class A common and Partnership exchangeable units							(728)	(730)
Distribution to RBI for repurchase of RBI common shares							(326)	(182)
Capital contribution from RBI							7	60
Distributions from subsidiaries							0	0
(Payments) proceeds from derivatives							8
(Payments) proceeds from derivatives								(45)
Other financing activities, net							(3)	(3)
Net cash (used for) provided by financing activities							(1,111)	(970)
Effect of exchange rates on cash and cash equivalents							(31)	(3)
Increase (decrease) in cash and cash equivalents							(141)	213
Cash and cash equivalents at beginning of period			1,087			1,560	1,087	1,560
Cash and cash equivalents at end of period	946			1,773			946	1,773
Eliminations
Cash flows from operating activities:
Net income	(530)			(329)			(1,146)	(991)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	530			329			1,146	991
Depreciation and amortization							0	0
Loss on early extinguishment of debt				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	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	0
Repayments of long-term debt and finance leases							0	0
Payment of financing costs								0
Distributions on Class A common and Partnership exchangeable units							0	0
Distribution to RBI for repurchase of RBI common shares							0	0
Capital contribution from RBI							0	0
Distributions from subsidiaries							0	0
(Payments) proceeds from derivatives							0
(Payments) proceeds from derivatives								0
Other financing activities, net							0	0
Net cash (used for) 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	530			329			1,146	991
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							143	150
Loss on early extinguishment of debt				11				11
Amortization of deferred financing costs and debt issuance discount							21	20
(Income) loss from equity method investments	8			7			30	12
(Gain) loss on remeasurement of foreign denominated transactions							(82)	(58)
Net (gains) losses on derivatives							17	65
Share-based compensation and non-cash incentive compensation expense							93	71
Deferred income taxes							(29)	35
Other							8	(14)
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Accounts and notes receivable							(93)	11
Inventories and prepaids and other current assets							(67)	(3)
Accounts and drafts payable							113	129
Other accrued liabilities and gift card liability							(74)	(87)
Tenant inducements paid to franchisees							(13)	(5)
Other long-term assets and liabilities							(146)	(73)
Net cash provided by operating activities							1,067	1,255
Cash flows from investing activities:
Payments for property and equipment							(52)	(70)
Net proceeds from disposal of assets, restaurant closures, and refranchisings							11	14
Net payments in connection with purchase of Firehouse Subs							(12)
Settlement/sale of derivatives, net							22	2
Other investing activities, net							(35)	(15)
Net cash (used for) provided by investing activities							(66)	(69)
Cash flows from financing activities:
Proceeds from long-term debt							2	802
Repayments of long-term debt and finance leases							(71)	(865)
Payment of financing costs								(7)
Distributions on Class A common and Partnership exchangeable units							0	0
Distribution to RBI for repurchase of RBI common shares							0	0
Capital contribution from RBI							7	60
Distributions from subsidiaries							(1,054)	(912)
(Payments) proceeds from derivatives							8
(Payments) proceeds from derivatives								(45)
Other financing activities, net							(3)	(3)
Net cash (used for) provided by financing activities							(1,111)	(970)
Effect of exchange rates on cash and cash equivalents							(31)	(3)
Increase (decrease) in cash and cash equivalents							(141)	213
Cash and cash equivalents at beginning of period			1,087			1,560	1,087	1,560
Cash and cash equivalents at end of period	946			1,773			946	1,773
RBILP | Reportable Legal Entities
Cash flows from operating activities:
Net income	530			329			1,146	991
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in loss (earnings) of consolidated subsidiaries	(530)			(329)			(1,146)	(991)
Depreciation and amortization							0	0
Loss on early extinguishment of debt				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	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	0
Repayments of long-term debt and finance leases							0	0
Payment of financing costs								0
Distributions on Class A common and Partnership exchangeable units							(728)	(730)
Distribution to RBI for repurchase of RBI common shares							(326)	(182)
Capital contribution from RBI							0	0
Distributions from subsidiaries							1,054	912
(Payments) proceeds from derivatives							0
(Payments) proceeds from derivatives								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			1 Months Ended	3 Months Ended
	Jan. 04, 2023	Oct. 05, 2022	Nov. 03, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	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	$ 0.54	$ 0.53	$ 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