Restaurant Brands International (QSR) 10-K 23 Feb 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 09, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	QSR
Entity Registrant Name	Restaurant Brands International Inc.
Entity Central Index Key	1,618,756
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		243,935,852
Entity Public Float			$ 13,844,474,171

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 1,073.4	$ 1,460.4
Accounts and notes receivable, net of allowance of $14.7 and $14.3, respectively	455.9	403.5
Inventories, net	78	71.8
Advertising fund restricted assets	83.3	57.7
Prepaids and other current assets	59	103.6
Total current assets	1,749.6	2,097
Property and equipment, net of accumulated depreciation and amortization of $623.3 and $474.5, respectively	2,133.3	2,054.7
Intangible assets, net	11,062.2	9,228
Goodwill	5,782.3	4,675.1
Net investment in property leased to franchisees	71.3	91.9
Derivative assets	0	717.9
Other assets, net	424.8	260.3
Total assets	21,223.5	19,124.9
Current liabilities:
Accounts and drafts payable	412.9	369.8
Other accrued liabilities	838.2	469.3
Gift card liability	214.9	194.4
Advertising fund liabilities	110.8	83.3
Current portion of long term debt and capital leases	78.2	93.9
Total current liabilities	1,655	1,210.7
Term debt, net of current portion	11,800.9	8,410.2
Capital leases, net of current portion	243.8	218.4
Other liabilities, net	1,455.1	784.9
Deferred income taxes, net	1,508.1	1,715.1
Total liabilities	16,662.9	12,339.3
Commitments and contingencies (Note 18)
Redeemable preferred shares; no par value; 68,530,939 shares authorized, issued and outstanding at December 31, 2016	0	3,297
Shareholders’ equity:
Common shares, no par value; unlimited shares authorized at December 31, 2017 and December 31, 2016; 243,899,476 shares issued and outstanding at December 31, 2017; 234,236,678 shares issued and outstanding at December 31, 2016	2,051.5	1,955.1
Retained earnings	650.6	445.7
Accumulated other comprehensive income (loss)	(475.7)	(698.3)
Total Restaurant Brands International Inc. shareholders’ equity	2,226.4	1,702.5
Noncontrolling interests	2,334.2	1,786.1
Total shareholders’ equity	4,560.6	3,488.6
Total liabilities, redeemable preferred shares and shareholders’ equity	$ 21,223.5	$ 19,124.9

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowances for accounts and notes receivable	$ 14.7	$ 14.3
Property and equipment, accumulated depreciation and amortization	$ 623.3	$ 474.5
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized	Unlimited	Unlimited
Common stock, shares issued	243,899,476	234,236,678
Common stock, shares outstanding	243,899,476	234,236,678
Redeemable Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized	0	68,530,939
Preferred stock, shares issued	0	68,530,939
Preferred stock, shares outstanding	0	68,530,939

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Sales	$ 2,390.3	$ 2,204.7	$ 2,169
Franchise and property revenues	2,185.8	1,941.1	1,883.2
Total revenues	4,576.1	4,145.8	4,052.2
Operating costs and expenses:
Cost of sales	1,850.3	1,727.3	1,809.5
Franchise and property expenses	477.6	454.1	503.2
Selling, general and administrative expenses	415.5	318.6	437.7
(Income) loss from equity method investments	(12.4)	(20.2)	4.1
Other operating expenses (income), net	109.2	(0.7)	105.5
Total operating costs and expenses	2,840.2	2,479.1	2,860
Income from operations	1,735.9	1,666.7	1,192.2
Interest expense, net	512.2	466.9	478.3
Loss on early extinguishment of debt	122	0	40
Income before income taxes	1,101.7	1,199.8	673.9
Income tax (benefit) expense	(133.6)	243.9	162.2
Net income	1,235.3	955.9	511.7
Net income attributable to noncontrolling interests (Note 14)	586.5	340.3	136.6
Preferred shares dividends	256.5	270	271.2
Gain on redemption of preferred shares (Note 13)	(233.8)	0	0
Net income attributable to common shareholders	$ 626.1	$ 345.6	$ 103.9
Earnings per common share:
Basic (in dollars per share)	$ 2.64	$ 1.48	$ 0.51
Diluted (in dollars per share)	$ 2.54	$ 1.45	$ 0.50
Weighted average shares outstanding:
Basic (in shares)	237	232.9	203.5
Diluted (in shares)	477.4	470	476
Dividends per common share (in dollars per share)	$ 0.78	$ 0.62	$ 0.44

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,235.3	$ 955.9	$ 511.7
Foreign currency translation adjustment	823.4	224.4	(1,830.8)
Net change in fair value of net investment hedges, net of tax of $12.8, $(12.3), and $(111.7)	(370.7)	(99.3)	686.8
Net change in fair value of cash flow hedges, net of tax of $3.9, $7.2, and $29.0	(11)	(20.3)	(81)
Amounts reclassified to earnings of cash flow hedges, net of tax of $(9.0), $(5.6), and $(7.5)	25.4	15.7	19.8
Gain (loss) recognized on defined benefit pension plans, net of tax of $2.0, $1.6, and $7.0	4	(8.1)	(14.1)
Other comprehensive income (loss)	471.1	112.4	(1,219.3)
Comprehensive income (loss)	1,706.4	1,068.3	(707.6)
Comprehensive income (loss) attributable to noncontrolling interests	818.1	398.5	(552.8)
Comprehensive income (loss) attributable to preferred shareholders	22.7	270	271.2
Comprehensive income (loss) attributable to common shareholders	$ 865.6	$ 399.8	$ (426)

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Tax effect on change in fair value of investment hedges	$ 12.8	$ (12.3)	$ (111.7)
Tax effect of changes in fair value of crash flow hedges	3.9	7.2	29
Tax effect on amounts reclassified to earnings of cash flow hedges	(9)	(5.6)	(7.5)
Tax effect on gain (loss recognized on defined benefit pension plans	$ 2	$ 1.6	$ 7

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Issued Common Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning Balance, shares at Dec. 31, 2014		202,052,741
Beginning Balance at Dec. 31, 2014	$ 4,339.4	$ 1,755	$ 231	$ (107.8)	$ 2,461.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises, shares		339,854
Stock option exercises	4.9	$ 4.9
Stock option tax benefits	0.5	0.5
Share-based compensation	33	$ 33
Issuance of shares, shares		162,861
Issuance of shares	6.9	$ 6.9
Modification of equity awards	10.2	10.2
Dividends declared on common shares	(89.1)		(89.1)
Distributions declared by Partnership on partnership exchangeable units (Note 14)	(116.6)				(116.6)
Preferred share dividends	(271.2)		(271.2)
Repurchase of Partnership exchangeable units	$ (293.7)	$ (213.6)		(25)	(55.1)
Exchange of Partnership exchangeable units for RBI common shares, shares	31,302,135	23,152,132
Exchange of Partnership exchangeable units for RBI common shares	$ 0	$ 227.6		(71)	(156.6)
Restaurant VIE contributions (distributions)	(4)				(4)
Net income	511.7		375.1		136.6
Other comprehensive income (loss)	(1,219.3)			(529.9)	(689.4)
Ending Balance, shares at Dec. 31, 2015		225,707,588
Ending Balance at Dec. 31, 2015	2,912.7	$ 1,824.5	245.8	(733.7)	1,576.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises, shares		1,554,235
Stock option exercises	13.7	$ 13.7
Stock option tax benefits	8.6	8.6
Share-based compensation	33.5	$ 33.5
Issuance of shares, shares		230,611
Issuance of shares	7.6	$ 7.6
Dividends declared on common shares	(144.8)		(144.8)
Dividend equivalents declared on restricted stock units		$ 0.9	(0.9)
Distributions declared by Partnership on partnership exchangeable units (Note 14)	(140.9)				(140.9)
Preferred share dividends	(270)		(270)
Exchange of Partnership exchangeable units for RBI common shares, shares		6,744,244
Exchange of Partnership exchangeable units for RBI common shares		$ 66.3		(18.8)	(47.5)
Restaurant VIE contributions (distributions)	(0.1)				(0.1)
Net income	955.9		615.6		340.3
Other comprehensive income (loss)	$ 112.4			54.2	58.2
Ending Balance, shares at Dec. 31, 2016	234,236,678	234,236,678
Ending Balance at Dec. 31, 2016	$ 3,488.6	$ 1,955.1	445.7	(698.3)	1,786.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises, shares	5,212,000	5,102,046
Stock option exercises	$ 28.7	$ 28.7
Share-based compensation	46.1	$ 46.1
Issuance of shares, shares		274,272
Issuance of shares	8.5	$ 8.5
Dividends declared on common shares	(185.7)		(185.7)
Dividend equivalents declared on restricted stock units		1.7	(1.7)
Distributions declared by Partnership on partnership exchangeable units (Note 14)	(175)				(175)
Preferred share dividends	(256.5)		(256.5)
Repurchase of Partnership exchangeable units	$ (330.2)	$ (272)		(9)	(49.2)
Exchange of Partnership exchangeable units for RBI common shares, shares	9,286,480	4,286,480
Exchange of Partnership exchangeable units for RBI common shares		$ 49.6		(7.9)	(41.7)
Restaurant VIE contributions (distributions)	$ (4.1)				(4.1)
Gain on redemption of preferred shares (Note 13)	233.8	$ 233.8
Net income	1,235.3		648.8		586.5
Other comprehensive income (loss)	$ 471.1			239.5	231.6
Ending Balance, shares at Dec. 31, 2017	243,899,476	243,899,476
Ending Balance at Dec. 31, 2017	$ 4,560.6	$ 2,051.5	$ 650.6	$ (475.7)	$ 2,334.2

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 1,235.3	$ 955.9	$ 511.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	181.1	172.1	182
Premiums paid and non-cash loss on early extinguishment of debt	119.1	0	40
Amortization of deferred financing costs and debt issuance discount	32.7	38.9	34.9
(Income) loss from equity method investments	(12.4)	(20.2)	4.1
Loss (gain) on remeasurement of foreign denominated transactions	77.3	(20.1)	37
Net losses on derivatives	31	21.3	53.6
Share-based compensation expense	48.3	35.1	50.8
Deferred income taxes	(742.4)	80.1	(32.3)
Other	18	3.5	9.6
Changes in current assets and liabilities, excluding acquisitions and dispositions:
Restricted cash and cash equivalents	0	0	79.2
Accounts and notes receivable	(30.4)	(15.8)	(26.5)
Inventories and prepaids and other current assets	2.9	7.7	9.2
Accounts and drafts payable	19.9	27.5	191.2
Advertising fund restricted assets and fund liabilities	1.3	(10.1)	32.9
Other accrued liabilities and gift card liability	360.1	(1.2)	56.2
Other long-term assets and liabilities	40.2	(5.7)	(28.8)
Net cash provided by operating activities	1,382	1,269	1,204.8
Cash flows from investing activities:
Payments for property and equipment	(36.7)	(33.7)	(115.3)
Proceeds from disposal of assets, restaurant closures and refranchisings	26.1	30	19.6
Net payment for purchase of Popeyes, net of cash acquired	(1,635.9)	0	0
Return of investment on direct financing leases	15.9	16.6	16.3
Settlement/sale of derivatives, net	772.3	11	14.2
Other investing activities, net	0.5	3	3.7
Net cash provided by (used for) investing activities	(857.8)	26.9	(61.5)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	5,850	0	1,250
Repayments of long-term debt and capital leases	(2,741.5)	(69.7)	(2,627.8)
Redemption of preferred shares	(3,005.7)	0	0
Payment of financing costs	(62.9)	0	(81.3)
Payment of dividends on common and preferred shares and distributions on Partnership exchangeable units	(663.5)	(538.1)	(362.4)
Repurchase of Partnership exchangeable units	(330.2)	0	(293.7)
Proceeds from stock option exercises	28.7	13.7	3
Excess tax benefits from share-based compensation	0	8.6	0.5
Other financing activities, net	(10.1)	(5.4)	(3.5)
Net cash provided by (used for) financing activities	(935.2)	(590.9)	(2,115.2)
Effect of exchange rates on cash and cash equivalents	24	(2.4)	(73.5)
Increase (decrease) in cash and cash equivalents	(387)	702.6	(1,045.4)
Cash and cash equivalents at beginning of period	1,460.4	757.8	1,803.2
Cash and cash equivalents at end of period	1,073.4	1,460.4	757.8
Supplemental cashflow disclosures:
Interest paid	447.2	407.1	408.3
Income taxes paid	200.2	159.3	208.3
Non-cash investing and financing activities:
Acquisition of property with capital lease obligations	$ 36.1	$ 32.1	$ 16.7

Description of Business and Org

Description of Business and Organization	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Organization	Description of Business and Organization Description of Business Restaurant Brands International Inc. (the “Company,” “RBI,” “we,” “us” or “our”) was formed on August 25, 2014 and continued under the laws of Canada. The Company serves as the sole general partner of Restaurant Brands International Limited Partnership (the “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”), and chicken under the Popeyes ® brand (“Popeyes” or “PLK”). We are one of the world’s largest quick service restaurant, or QSR, companies as measured by total number of restaurants. As of December 31, 2017 , we franchised or owned 4,748 Tim Hortons restaurants, 16,767 Burger King restaurants, and 2,892 Popeyes restaurants, for a total of 24,407 restaurants, and operate in more than 100 countries and U.S. territories. Approximately 100% of current system-wide restaurants are franchised. 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.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) and related rules and regulations of the U.S. Securities and Exchange Commission 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. Principles of Consolidation The consolidated financial statements include our accounts and the accounts of entities in which we have a controlling financial interest, the usual condition of which is ownership of a majority voting interest. All material intercompany balances and transactions have been eliminated in consolidation. Investments in other affiliates that are owned 50% or less where we have significant influence are accounted for by the equity method. We are the sole general partner of Partnership and, as such we have 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, subject to the terms of the partnership agreement of Partnership (“partnership agreement”) and applicable laws. As a result, we consolidate the results of Partnership and record a noncontrolling interest in our consolidated balance sheets and statements of operations with respect to the remaining economic interest in Partnership we do not hold. 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. Tim Hortons has historically entered into certain arrangements in which an operator acquires the right to operate a restaurant, but Tim Hortons owns the restaurant’s assets. In these arrangements, Tim Hortons has the ability to determine which operators manage the restaurants and for what duration. 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 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. As of December 31, 2017 and 2016, we determined that we are the primary beneficiary of 31 and 96 Restaurant VIEs, respectively, and accordingly, have consolidated the financial results of operations, assets and liabilities, and cash flows of these Restaurant VIEs in our consolidated financial statements. Material intercompany accounts and transactions have been eliminated in consolidation. Assets and liabilities related to consolidated VIEs are not significant to our total consolidated assets and liabilities. Liabilities recognized as a result of consolidating these VIEs do not necessarily represent additional claims on our general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Conversely, assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims by our creditors as they are not legally included within our general assets. Reclassifications Certain prior year amounts in the accompanying consolidated financial statements and notes to the consolidated financial statements have been reclassified in order to be comparable with the current year classifications. These reclassifications had no effect on previously reported net income. Foreign Currency Translation and Transaction Gains and Losses Our functional currency is the U.S. dollar, since our term loan and senior secured notes are denominated in U.S. dollars, and the principal market for our common shares is the U.S. The functional currency of each of our operating subsidiaries is generally the currency of the economic environment in which the subsidiary primarily does business. Our foreign subsidiaries’ financial statements are translated into U.S. dollars using the foreign exchange rates applicable to the dates of the financial statements. Assets and liabilities are translated using the end-of-period spot foreign exchange rates. Income, expenses and cash flows are translated at the average foreign exchange rates for each period. Equity accounts are translated at historical foreign exchange rates. The effects of these translation adjustments are reported as a component of accumulated other comprehensive income (loss) (“AOCI”) in the consolidated statements of shareholders’ equity. For any transaction that is denominated in a currency different from the entity’s functional currency, we record a gain or loss based on the difference between the foreign exchange rate at the transaction date and the foreign exchange rate at the transaction settlement date (or rate at period end, if unsettled) which is included within other operating expenses (income), net in the consolidated statements of operations. Cash and Cash Equivalents All highly liquid investments with original maturities of three months or less and credit card receivables are considered cash equivalents. Inventories Inventories are carried at the lower of cost or net realizable value and consist primarily of raw materials such as green coffee beans and finished goods such as new equipment, parts, paper supplies and restaurant food items. The moving average method is used to determine the cost of raw material and finished goods inventories held for sale to Tim Hortons franchisees. Property and Equipment, net We record property and equipment at historical cost less accumulated depreciation and amortization, which is recognized using the straight-line method over the following estimated useful lives: (i) buildings and improvements – up to 40 years ; (ii) restaurant equipment – up to 17 years ; (iii) furniture, fixtures and other – up to 10 years ; (iv) manufacturing equipment – up to 25 years ; and (v) capital leases – up to 40 years or lease term. Leasehold improvements to properties where we are the lessee are amortized over the lesser of the remaining term of the lease or the estimated useful life of the improvement. We are considered to be the owner of certain restaurants leased from unrelated lessors because Tim Hortons constructed some of the structural elements of those restaurants. Accordingly, lessors’ contributions to the construction costs of these restaurants was recognized as other debt, and was $83.1 million and $83.2 million at December 31, 2017 and 2016, respectively. Major improvements are capitalized, while maintenance and repairs are expensed when incurred. Leases We define lease term as the initial term of a lease plus any renewals covered by bargain renewal options or that are reasonably assured of exercise because non-renewal would create an economic penalty, plus any periods that the lessee has use of the property but is not charged rent by a landlord (rent holiday). We record rental income and rental expense for operating leases on a straight-line basis over the lease term, net of any applicable lease incentive amortization. Contingent rental income is recognized on an accrual basis as earned. Assets we acquire as lessee under capital leases are stated at the lower of the present value of future minimum lease payments or fair market value at the date of inception of the lease. Capital lease assets are depreciated using the straight-line method over the shorter of the useful life of the asset or the underlying lease term. We also have net investments in properties leased to franchisees, which meet the criteria of direct financing leases. Investments in direct financing leases are recorded on a net basis, consisting of the gross investment and residual value in the lease, less unearned income. Earned income on direct financing leases is recognized when earned and collectability is reasonably assured. Unearned income is recognized over the lease term yielding a constant periodic rate of return on the net investment in the lease. Direct financing leases are reviewed for impairment whenever events or circumstances indicate that the carrying amount of the asset may not be recoverable based on the payment history under the lease. We have recorded favorable and unfavorable operating leases in connection with the acquisition method of accounting. We amortize favorable and unfavorable leases on a straight-line basis over the remaining term of the leases, as determined at the acquisition date. Goodwill and Intangible Assets Not Subject to Amortization Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed in connection with the acquisition of Popeyes in 2017, the acquisition of Tim Hortons in 2014 and the acquisition of Burger King Holdings, Inc. by 3G Capital Partners Ltd. Our indefinite-lived intangible assets consist of the Tim Hortons brand, the Burger King brand, and the Popeyes brand (each a “Brand” and together, the “Brands”). Goodwill and the Brands are tested for impairment at least annually as of October 1 of each year and more often if an event occurs or circumstances change which indicate impairment might exist. Our annual impairment tests of goodwill and the Brands may be completed through qualitative assessments. We may elect to bypass the qualitative assessment and proceed directly to a two-step quantitative impairment test for any reporting unit or Brand in any period. We can resume the qualitative assessment for any reporting unit or Brand in any subsequent period. Under a qualitative approach, our impairment review for goodwill consists of an assessment of whether it is more-likely-than-not that a reporting unit’s fair value is less than its carrying amount. If we elect to bypass the qualitative assessment for any reporting unit, or if a qualitative assessment indicates it is more-likely-than-not that the estimated carrying value of a reporting unit exceeds its fair value, we perform a two-step quantitative goodwill impairment test. The first step requires us to estimate the fair value of the reporting unit. If the fair value of the reporting unit is less than its carrying amount, the estimated fair value of the reporting unit is allocated to all its underlying assets and liabilities, including both recognized and unrecognized tangible and intangible assets, based on their fair value. If necessary, goodwill is then written down to its implied fair value. Under a qualitative approach, our impairment review for the Brands consists of an assessment of whether it is more-likely-than-not that a Brand’s fair value is less than its carrying amount. If we elect to bypass the qualitative assessment for either Brand, or if a qualitative assessment indicates it is more-likely-than-not that the estimated carrying value of a Brand exceeds its fair value, we estimate the fair value of the Brand and compare it to its carrying amount. If the carrying amount exceeds fair value, an impairment loss is recognized in an amount equal to that excess. We completed our impairment tests for goodwill and the Brands as of October 1, 2017, 2016 and 2015 and no impairment resulted. Long-Lived Assets Long-lived assets, such as property and equipment and intangible assets subject to amortization, are tested for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Some of the events or changes in circumstances that would trigger an impairment review include, but are not limited to, bankruptcy proceedings or other significant financial distress of a lessee; significant negative industry or economic trends; knowledge of transactions involving the sale of similar property at amounts below the carrying value; or our expectation to dispose of long-lived assets before the end of their estimated useful lives. The impairment test for long-lived assets requires us to assess the recoverability of long-lived assets by comparing their net carrying value to the sum of undiscounted estimated future cash flows directly associated with and arising from use and eventual disposition of the assets. Long-lived assets are grouped for recognition and measurement of impairment at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. If the net carrying value of a group of long-lived assets exceeds the sum of related undiscounted estimated future cash flows, we record an impairment charge equal to the excess, if any, of the net carrying value over fair value. Other Comprehensive Income (Loss) Other comprehensive income (loss) (“OCI”) refers to revenues, expenses, gains and losses that are included in comprehensive income (loss), but are excluded from net income (loss) as these amounts are recorded directly as an adjustment to shareholders’ equity, net of tax. Our other comprehensive income (loss) is primarily comprised of unrealized gains and losses on foreign currency translation adjustments and unrealized gains and losses on hedging activity, net of tax. Derivative Financial Instruments We recognize and measure all derivative instruments as either assets or liabilities at fair value in the consolidated balance sheets. We may enter into derivatives that are not initially designated as hedging instruments for accounting purposes, but which largely offset the economic impact of certain transactions. Gains or losses resulting from changes in the fair value of derivatives are recognized in earnings or recorded in other comprehensive income (loss) and recognized in the consolidated statements of operations when the hedged item affects earnings, depending on the purpose of the derivatives and whether they qualify for, and we have applied, hedge accounting treatment. The ineffective portion of gains or losses on derivatives is reported in current earnings. When applying hedge accounting, we designate at a derivative’s inception, the specific assets, liabilities or future commitments being hedged, and to assess the hedge’s effectiveness at inception and on an ongoing basis. We discontinue hedge accounting when: (i) we determine that the cash flow derivative is no longer effective in offsetting changes in the cash flows of a hedged item; (ii) the derivative expires or is sold, terminated or exercised; (iii) it is no longer probable that the forecasted transaction will occur; or (iv) management determines that designation of the derivatives as a hedge instrument is no longer appropriate. We do not enter into or hold derivatives for speculative purposes. Disclosures about Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market, or if none exists, the most advantageous market, for the specific asset or liability at the measurement date (the exit price). The fair value is based on assumptions that market participants would use when pricing the asset or liability. The fair values are assigned a level within the fair value hierarchy, depending on the source of the inputs into the calculation, as follows: Level 1 Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The carrying amounts for cash and equivalents, accounts and notes receivable and accounts and drafts payable approximate fair value based on the short-term nature of these amounts. We carry all of our derivatives at fair value and value them using various pricing models or discounted cash flow analysis that incorporate observable market parameters, such as interest rate yield curves and currency rates, which are Level 2 inputs. Derivative valuations incorporate credit risk adjustments that are necessary to reflect the probability of default by the counterparty or us. For disclosures about the fair value measurements of our derivative instruments, see Note 12, Derivative Instruments . The fair value of variable rate term debt and senior notes is estimated using inputs based on bid and offer prices that are Level 2 inputs and was $12.0 billion and $8.8 billion at December 31, 2017 and 2016, respectively, compared to a principal carrying amount of $11.9 billion and $8.6 billion on the same dates. The determinations of fair values of certain tangible and intangible assets for purposes of the application of the acquisition method of accounting to the acquisition of Popeyes were based upon Level 3 inputs. The determination of fair values of our reporting units and the determination of the fair value of the Brands for impairment testing using a quantitative approach during 2017 and 2016 were based upon Level 3 inputs. Revenue Recognition Sales include supply chain sales and sales from Company restaurants, which are presented net of any related sales tax. Supply chain sales represent sales of products, supplies and restaurant equipment, other than equipment sales related to initial restaurant establishment or renovations that are shipped directly from our warehouses or by third-party distributors to restaurants or retailers, as well as sales to retailers. Revenues from supply chain sales are recognized upon delivery. Sales at Company restaurants (including Restaurant VIEs) represent restaurant-level sales to our guests and are recognized at the point of sale. Franchise and property revenues include franchise revenues, consisting primarily of royalties, initial and renewal franchise fees paid by franchisees, revenues derived from equipment sales at establishment of a restaurant and in connection with a restaurant renewal or renovation, property revenues from properties we lease or sublease to franchisees, and other franchise and property related fees. Royalties are based on a percentage of gross sales at franchise restaurants and are recognized when earned and collectability is reasonably assured. Initial franchise fees and equipment sales are recognized as revenue when the related restaurant begins operations and our completion of all material services and conditions. Fees collected in advance are deferred until earned. Renewal franchise fees are recognized as revenue upon receipt of the non-refundable fee and execution of a new franchise agreement. Upfront fees paid by franchisees in connection with development agreements are deferred when the development agreement includes a minimum number of restaurants to be opened by the franchisee. The deferred amounts are recognized as franchise fee revenue on a pro rata basis as the franchisee opens each respective restaurant. The cost recovery accounting method is used to recognize revenues for franchisees for which collectability is not reasonably assured. Deferred Financing Costs Deferred financing costs are amortized over the term of the related debt agreement into interest expense using the effective interest method. Advertising and Promotional Costs Company restaurants and franchise restaurants contribute to advertising funds that our subsidiaries manage in the United States and Canada and certain other international markets. The advertising funds expense the production costs of advertising when the advertisements are first aired or displayed. All other advertising and promotional costs are expensed in the period incurred. Under our franchise agreements, advertising contributions received from franchisees must be spent on advertising, product development, marketing and related activities. Since we act as an agent for these specifically designated contributions, the revenues and expenses of the advertising funds are generally netted in our consolidated statements of operations. Advertising expense, which primarily consists of advertising contributions by Company restaurants (including Restaurant VIEs) based on a percentage of gross sales, totaled $7.4 million for 2017, $5.5 million for 2016, and $13.7 million for 2015 and is included in selling, general and administrative expenses in the accompanying consolidated statements of operations. Income Taxes Amounts in the financial statements related to income taxes are calculated using the principles of Accounting Standards Codification (“ASC”) 740, Income Taxes . Under these principles, deferred tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and the amounts recognized for tax purposes, as well as tax credit carry-forwards and loss carry-forwards. These deferred taxes are measured by applying currently enacted tax rates. A deferred tax asset is recognized when it is considered more-likely-than-not to be realized. The effects of changes in tax rates on deferred tax assets and liabilities are recognized in income in the year in which the law is enacted. A valuation allowance reduces deferred tax assets when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. We recognize positions taken or expected to be taken in a tax return in the financial statements when it is more-likely-than-not (i.e., a likelihood of more than 50%) that the position would be sustained upon examination by tax authorities. A recognized tax position is then measured at the largest amount of benefit with greater than 50% likelihood of being realized upon ultimate settlement. Translation gains and losses resulting from the remeasurement of foreign deferred tax assets or liabilities denominated in a currency other than the functional currency are classified as other operating expenses (income), net in the consolidated statements of operations. Share-based Compensation Compensation expense related to the issuance of share-based awards to our employees is measured at fair value on the grant date. We use the Black-Scholes option pricing model to value stock options. The compensation expense for awards that vest over a future service period is recognized over the requisite service period on a straight-line basis, adjusted for estimated forfeitures of awards that are not expected to vest. The compensation expense for awards that do not require future service is recognized immediately. Upon the end of the service period, compensation expense is adjusted to account for the actual forfeiture rate. Cash settled share-based awards are classified as liabilities and are re-measured at the end of each reporting period. The compensation expense for awards that contain performance conditions is recognized when it is probable that the performance conditions will be achieved. Restructuring The determination of when we accrue for employee involuntary termination benefits depends on whether the termination benefits are provided under an on-going benefit arrangement or under a one-time benefit arrangement. We record charges for ongoing benefit arrangements in accordance with ASC 712, Nonretirement Postemployment Benefits . We record charges for one-time benefit arrangements in accordance with ASC 420, Exit or Disposal Cost Obligations . New Accounting Pronouncements Revenue Recognition – In May 2014, the Financial Accounting Standards Board (the “FASB”) issued a new single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. In August 2015, the FASB deferred adoption of the new standard by one year. Several updates have been issued since to clarify the implementation guidance. The new guidance supersedes most current revenue recognition guidance, including industry-specific guidance, enhances revenue recognition disclosures, and is now effective commencing in 2018. The guidance allows for either a full retrospective or modified retrospective transition method. We will apply the modified retrospective transition method, which involves recording a cumulative adjustment for the impact of transitioning to the new guidance on the transition date. We have performed an analysis of the impact of the new revenue recognition guidance and implemented a comprehensive plan for the implementation. The project plan included analyzing the impact on our current revenue streams, comparing our historical accounting policies to the new guidance, and identifying potential differences from applying the requirements of the new guidance to our contracts. Under current accounting guidance, we recognize initial franchise fees when we have performed all material obligations and services, which generally occurs when the franchise restaurant opens. Under the new guidance, we will defer the initial and renewal franchise fees and recognize revenue over the term of the related franchise agreement. The new guidance will also change our reporting of advertising fund contributions from franchisees and the related advertising expenditures. Under the current guidance, we do not reflect advertising fund contributions from franchisees and advertising fund expenditures in our statements of operations. Furthermore, as of the balance sheet date, advertising fund contributions received may not equal advertising expenditures for the period due to the timing of promotions. To the extent that contributions received exceeded advertising expenditures, the excess contributions are treated as a deferred liability. To the extent that advertising expenditures temporarily exceeded advertising fund contributions, the difference is recorded as a receivable from the fund. Under the new guidance, advertising fund contributions from franchisees and advertising fund expenditures will be reported on a gross basis in our statements of operations and the related advertising fund revenues and expenses may be reported in different periods. Additionally, estimated breakage income on gift cards will be recognized as gift cards are utilized instead of our current policy of deferring the breakage income until it is deemed remote that the unused gift card balance will be redeemed. Finally, under the new guidance, we will record investments in equity method investees and recognize revenue associated with the establishment of master franchise entities in which we receive an equity interest in exchange for master franchise rights in an amount equal to the fair value of the equity interest received. This revenue will be deferred and recognized over the term of the master franchise agreement. Under previous guidance we did not record revenue or a basis in the equity interest received in these arrangements. This guidance will not materially impact our recognition of other forms of revenue. The new guidance will have no impact on the amount or timing of our cash flows. As a result of the impact of the new guidance, we will record a cumulative adjustment of $230.0 million to $290.0 million primarily related to franchise fee revenue for franchise agreements entered into or renewed subsequent to our acquisitions of Burger King in 2010, Tim Hortons in 2014 and Popeyes in 2017. The franchise fee revenue impact will be recognized over the remaining term of each franchise agreement. Pre-acquisition franchise fees associated with acquired franchise agreements will not impact the cumulative adjustment and will not be recognized in future periods. The cumulative adjustment will be recorded as a decrease to retained earnings and noncontrolling interests. Additionally, beginning in 2018, although the gross amounts of our revenues and expenses will be materially impacted by the recognition of franchisee contributions and related expenditures of advertising funds we manage, increases to gross revenues and expenses will not result in a material net impact to our statement of operations. If our statement of operations for the year ended December 31, 2017 reflected gross contributions from franchisees and expenditures of advertising funds we manage, contributions to advertising funds we manage would have increased our consolidated revenues by approximately 17% . Lease Accounting – In February 2016, the FASB issued new guidance on leases. The new guidance requires lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by finance and operating leases with lease terms of more than 12 months, as well as enhanced disclosures. The amendment requires the recognition and measurement of leases at the beginning of the earliest period presented using a modified retrospective approach and is effective commencing in 2019. We expect this new guidance to cause a material increase to our assets and liabilities on our consolidated balance sheet since we have a significant number of operating lease arrangements for which we are the lessee. We are currently evaluating the impact that adoption of this guidance will have on our consolidated statements of operations. We do not expect the adoption of this new guidance to have a material impact on our cash flows and liquidity. Derivative Contract Novations on Existing Hedges – In March 2016, the FASB issued an accounting standards update that clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument under existing accounting guidance does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. We adopted this new guidance on a prospective basis on January 1, 2017. Adoption did not have an impact on our consolidated financial statements. Equity Method Accounting – In March 2016, the FASB issued an accounting standards update which eliminates the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in level of ownership interest or degree of influence. We adopted this new guidance on a prospective basis on January 1, 2017. Adoption did not have an impact on our consolidated financial statements. Employee Share-Based Payment Accounting – In March 2016, the FASB issued an accounting standards update to simplify several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures and statutory withholding requirements, as well as statement of cash flows presentation. The transition requirement is mostly modified retrospectively, with the exception of recognition of excess tax benefits and tax deficiencies which requires prospective adoption. We adopted this new guidance on January 1, 2017. The adoption of this new guidance resulted in an increase to our diluted weighted average shares outstanding, as well as recognition of excess tax benefits as a reduction in the provision for income taxes rather than an addition to common shares, as required by previous accounting guidance. The adoption of this new guidance resulted in a 6.4% reduction in our effective tax rate during 2017 . We will continue to estimate forfeitures instead of accounting for them as they occur as permitted by the new standard. The adoption of the other provisions of this new guidance did not have an impact on our consolidated financial statements. Classification of Certain Cash Receipts and Cash Payments – In August 2016, the FASB issued an accounting standards update to reduce the existing diversity in how certain cash receipts and cash payments are presented and classified in the statements of cash flows. The amendments are effective for 2018. The adoption of this new guidance will not have a material impact on our consolidated financial

Popeyes Acquisition

Popeyes Acquisition	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Popeyes Acquisition	Popeyes Acquisition On March 27, 2017 , we completed the acquisition of all of the outstanding shares of common stock of Popeyes Louisiana Kitchen, Inc. (the “Popeyes Acquisition”). Popeyes Louisiana Kitchen, Inc. is one of the world’s largest chicken quick service restaurant companies and its global footprint complements RBI’s existing portfolio. Like our other brands, the Popeyes brand is managed independently, while benefiting from our global scale and resources. The Popeyes Acquisition was accounted for as a business combination using the acquisition method of accounting. Total consideration in connection with the Popeyes Acquisition was $1,654.7 million , which includes $32.6 million for the settlement of equity awards. The consideration was funded through (1) cash on hand of approximately $354.7 million , and (2) $1,300.0 million from incremental borrowings under our Term Loan Facility – see Note 9, Long-Term Debt . Fees and expenses related to the Popeyes Acquisition and related financings totaled $34.4 million consisting primarily of professional fees and compensation related expenses, all of which are classified as selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. These fees and expenses were funded through cash on hand. During the three months ended December 31, 2017, we adjusted our preliminary estimate of the fair value of net assets acquired. The final allocation of consideration to the net tangible and intangible assets acquired is presented in the table below (in millions): March 27, 2017 Total current assets $ 64.4 Property and equipment 114.1 Intangible assets 1,405.2 Other assets 0.7 Total current liabilities (72.8 ) Total debt and capital lease obligations (159.0 ) Deferred income taxes (523.2 ) Other liabilities (20.5 ) Total identifiable net assets 808.9 Goodwill 845.8 Total consideration $ 1,654.7 The adjustments to the preliminary estimate of net assets acquired initially disclosed during the period ended March 31, 2017 resulted in a corresponding $232.5 million 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: Property and equipment $ (17.6 ) Intangible assets (385.2 ) Total current liabilities (1.9 ) Deferred income taxes 164.9 Other liabilities 7.3 Total decrease in goodwill $ (232.5 ) Intangible assets include $1,354.9 million related to the Popeyes brand, $40.9 million related to franchise agreements and $9.4 million related to favorable leases. The Popeyes 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 17 years. Favorable leases have a weighted average amortization period of 14 years. Goodwill attributable to the Popeyes Acquisition will not be amortizable or 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. The Popeyes Acquisition is not material to our consolidated financial statements, and therefore, supplemental pro forma financial information related to the acquisition is not included herein.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share An economic interest in Partnership common equity is held by the holders of Class B exchangeable limited partnership units (the “Partnership exchangeable units”), which is reflected as a noncontrolling interest in our equity. See Note 14, Shareholders’ Equity . Basic and diluted earnings per share is computed using the weighted average number of shares outstanding for the period. We apply the treasury stock method to determine the dilutive weighted average common shares represented by Partnership exchangeable units and outstanding stock options, unless the effect of their inclusion is anti-dilutive. The diluted earnings per share calculation assumes conversion of 100% of the Partnership exchangeable units under the “if converted” method. Accordingly, the numerator is also adjusted to include the earnings allocated to the holders of noncontrolling interests. The following table summarizes the basic and diluted earnings per share calculations (in millions, except per share amounts): 2017 2016 2015 Numerator: Net income attributable to common shareholders - basic $ 626.1 $ 345.6 $ 103.9 Add: Net income attributable to noncontrolling interests 585.1 336.8 133.2 Net income available to common shareholders and noncontrolling interests - diluted $ 1,211.2 $ 682.4 $ 237.1 Denominator: Weighted average common shares - basic 237.0 232.9 203.5 Exchange of noncontrolling interests for common shares (Note 14) 225.5 227.8 263.5 Effect of other dilutive securities 14.9 9.3 9.0 Weighted average common shares - diluted 477.4 470.0 476.0 Basic earnings per share $ 2.64 $ 1.48 $ 0.51 Diluted earnings per share $ 2.54 $ 1.45 $ 0.50 Anti-dilutive securities outstanding 3.7 5.7 5.0

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net, consist of the following (in millions): As of December 31, 2017 2016 Land $ 1,020.3 $ 957.2 Buildings and improvements 1,171.7 1,089.4 Restaurant equipment 122.2 109.3 Furniture, fixtures, and other 170.7 147.8 Capital leases 256.6 210.3 Construction in progress 15.1 15.2 2,756.6 2,529.2 Accumulated depreciation and amortization (623.3 ) (474.5 ) Property and equipment, net $ 2,133.3 $ 2,054.7 Depreciation and amortization expense on property and equipment totaled $149.7 million for 2017 , $144.1 million for 2016 and $154.9 million for 2015 . Included in our property and equipment, net at December 31, 2017 and 2016 are $193.6 million and $166.6 million , respectively, of assets leased under capital leases (mostly buildings and improvements), net of accumulated depreciation and amortization of $63.0 million and $43.7 million , respectively.

Intangible Assets, net and Good

Intangible Assets, net and Goodwill	12 Months Ended
	Dec. 31, 2017
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 December 31, 2017 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 724.7 $ (168.0 ) $ 556.7 $ 655.1 $ (132.4 ) $ 522.7 Favorable leases 455.7 (193.7 ) 262.0 436.0 (149.7 ) 286.3 Subtotal 1,180.4 (361.7 ) 818.7 1,091.1 (282.1 ) 809.0 Indefinite lived intangible assets: Tim Hortons brand $ 6,727.1 $ — $ 6,727.1 $ 6,341.6 $ — $ 6,341.6 Burger King brand 2,161.5 — 2,161.5 2,077.4 — 2,077.4 Popeyes brand 1,354.9 — 1,354.9 — — — Subtotal 10,243.5 — 10,243.5 8,419.0 — 8,419.0 Intangible assets, net $ 11,062.2 $ 9,228.0 Goodwill Tim Hortons segment $ 4,325.8 $ 4,087.8 Burger King segment 610.7 587.3 Popeyes segment 845.8 — Total $ 5,782.3 $ 4,675.1 Amortization expense on intangible assets totaled $72.4 million for 2017 , $71.9 million for 2016 , and $78.3 million for 2015 . The change in the brands and goodwill balances during 2017 was due principally to the addition of goodwill and the Popeyes brand from the Popeyes Acquisition, and to a lesser extent, the impact of foreign currency translation. As of December 31, 2017 , the estimated future amortization expense on identifiable assets subject to amortization is as follows (in millions): Twelve-months ended December 31, Amount 2018 $ 66.9 2019 63.7 2020 59.0 2021 54.3 2022 50.5 Thereafter 524.3 Total $ 818.7

Equity Method Investments

Equity Method Investments	12 Months Ended
	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments The aggregate carrying amount of our equity method investments was $155.1 million and $151.1 million as of December 31, 2017 and 2016 , respectively, and is included within other assets, net in our consolidated balance sheets. Our TH business and BK business both have equity method investments. Our PLK business does not have any equity method investments. Select information about our most significant equity method investments, based on the carrying value as of December 31, 2017 , is as follows: Entity Country Equity Interest TIMWEN Partnership Canada 50.0% Carrols Restaurant Group, Inc. United States 20.7% Pangaea Foods (China) Holdings, Ltd. China 27.5% 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 $11.6 million , $11.3 million and $12.7 million during 2017 , 2016 and 2015 , respectively. The aggregate market value of our equity interest in Carrols Restaurant Group, Inc. (“Carrols”) based on the quoted market price on December 31, 2017 is approximately $114.4 million . The aggregate market value of our equity interest in BK Brasil Operação e Assessoria a Restaurantes S.A. based on the quoted market price on December 31, 2017 is approximately $117.6 million . No quoted market prices are available for our other equity method investments. We have equity interests in entities that own or franchise TH or BK restaurants. Franchise and property revenue recognized from franchisees that are owned or franchised by entities in which we have an equity interest consist of the following (in millions): 2017 2016 2015 Revenues from affiliates: Franchise royalties $ 175.2 $ 131.7 $ 93.2 Property revenues 26.7 27.8 27.7 Franchise fees and other revenue 25.7 19.6 13.1 Total $ 227.6 $ 179.1 $ 134.0 We recognized $19.8 million , $19.6 million and $20.8 million of contingent rent expense related to the TIMWEN Partnership during 2017 , 2016 and 2015 , respectively. At December 31, 2017 and 2016 , we had $31.9 million and $25.7 million , respectively, of accounts receivable from our equity method investments which were recorded in accounts and notes receivable, net in our consolidated balance sheets. (Income) loss from equity method investments reflects our share of investee net income or loss, non-cash dilution gains or losses from changes in our ownership interests in equity method investees and basis difference amortization. We recorded increases to the carrying value of our equity method investment balances and non-cash dilution gains in the amounts of $11.6 million and $10.9 million during 2016 and 2015 , respectively. No non-cash dilution gains were recorded during 2017 . The dilution gains resulted from the issuance of capital stock by our equity method investees, which reduced our ownership interests in these equity method investments. The dilution gains we recorded in connection with the issuance of capital stock reflect adjustments to the differences between the amount of underlying equity in the net assets of equity method investees before and after their issuance of capital stock.

Other Accrued Liabilities and O

Other Accrued Liabilities and Other Liabilities	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Other Accrued Liabilities and Other Liabilities	Other Accrued Liabilities and Other Liabilities Other accrued liabilities (current) and other liabilities, net (non-current) consist of the following (in millions): As of December 31, 2017 2016 Current: Taxes payable $ 401.0 $ 43.3 Dividend payable 96.9 146.1 Interest payable 88.6 63.3 Accrued compensation and benefits 66.6 60.5 Deferred income 42.9 54.7 Closed property reserve 10.8 11.0 Restructuring and other provisions 12.0 9.1 Other 119.4 81.3 Other accrued liabilities $ 838.2 $ 469.3 Non-current: Derivatives liabilities $ 498.5 $ 55.1 Taxes payable 495.6 252.2 Unfavorable leases 251.8 275.8 Accrued pension 72.0 82.9 Accrued lease straight-lining liability 46.4 29.9 Deferred income 37.4 27.1 Other 53.4 61.9 Other liabilities, net $ 1,455.1 $ 784.9

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consist of the following (in millions): As of December 31, 2017 2016 Term Loan Facility (due February 17, 2024) $ 6,388.7 $ 5,046.1 2017 4.25% Senior Notes (due May 15, 2024) 1,500.0 — 2015 4.625% Senior Notes (due January 15, 2022) 1,250.0 1,250.0 2017 5.00% Senior Notes (due October 15, 2025) 2,800.0 — 2014 6.00% Senior Notes (due April 1, 2022) — 2,250.0 Other (a) 89.1 126.0 Less: unamortized deferred financing costs and deferred issuance discount (170.1 ) (187.1 ) Total debt, net 11,857.7 8,485.0 Less: current maturities of debt (56.8 ) (74.8 ) Total long-term debt $ 11,800.9 $ 8,410.2 (a) $35.6 million of Tim Hortons Series 1 notes were repaid on June 1, 2017, the original maturity date. Credit Facilities On February 17, 2017, two of our subsidiaries (the “Borrowers”) entered into a second amendment (the “Second Amendment”) to the credit agreement governing our senior secured term loan facility (the “Term Loan Facility”) and our senior secured revolving credit facility of up to $500.0 million of revolving extensions of credit outstanding at any time (including revolving loans, swingline loans and letters of credit) (the “Revolving Credit Facility” and together with the Term Loan Facility, the “Credit Facilities”). Under the Second Amendment, (i) the outstanding aggregate principal amount under our Term Loan Facility was decreased to $4,900.0 million as a result of a repayment of $146.1 million from cash on hand, (ii) the interest rate applicable to our Term Loan Facility was reduced to, at our option, either (a) a base rate plus an applicable margin equal to 1.25% , or (b) a Eurocurrency rate plus an applicable margin equal to 2.25% , (iii) the maturity of our Term Loan Facility was extended from December 12, 2021 to February 17, 2024 , and (iv) the Borrowers and their subsidiaries were provided with additional flexibility under certain negative covenants, including incurrence of indebtedness, making of investments, dispositions and restricted payments, and prepayment of subordinated indebtedness. Except as described herein, the Second Amendment did not materially change the terms of the Credit Facilities. In connection with the Second Amendment, we capitalized approximately $11.3 million in debt issuance costs and recorded a loss on early extinguishment of debt of $20.4 million during 2017 . The loss on early extinguishment of debt primarily reflects the write-off of unamortized debt issuance costs and discounts. Incremental Term Loans In connection with the Popeyes Acquisition, we obtained an incremental term loan in the aggregate principal amount of $1,300.0 million (the “Incremental Term Loan No. 1”) under our Term Loan Facility. Also, simultaneously and in connection with the issuance of the 2017 4.25% Senior Notes (described below), we obtained an additional incremental term loan in the aggregate principal amount of $250.0 million (the “Incremental Term Loan No. 2” and together with the Incremental Term Loan No. 1, the “Incremental Term Loans”) under our Term Loan Facility. The Incremental Term Loans bear interest at the same rate as the Term Loan Facility and also mature on February 17, 2024 . In connection with the Incremental Term Loan No. 1, Popeyes Louisiana Kitchen, Inc. was included as loan guarantor and its assets as collateral under the Credit Facilities. Except as described herein, there were no other material changes to the terms of the Credit Facilities. Debt issuance costs capitalized in connection with the Incremental Term Loans were approximately $23.0 million . Revolving Credit Facility As of December 31, 2017 , we had no amounts outstanding under our Revolving Credit Facility. Funds available under the Revolving Credit Facility may be used to repay other debt, finance debt or share repurchases, to fund acquisitions or capital expenditures and for other general corporate purposes. We have a $125.0 million letter of credit sublimit as part of the Revolving Credit Facility, which reduces our borrowing availability thereunder by the cumulative amount of outstanding letters of credit. As of December 31, 2017 , we had $4.6 million of letters of credit issued against the Revolving Credit Facility, and our borrowing availability was $495.4 million . During 2017, the Borrowers extended the maturity date of the Revolving Credit Facility from December 12, 2019 to October 13, 2022 . The extension was effected through the termination of the existing revolving credit commitments and the entry into Incremental Facility Amendment No. 3 (the “Third Amendment”) to the credit agreement. The Third Amendment maintained the same $500.0 million in aggregate principal amount of the commitments under the Revolving Credit Facility but reduced interest rates and commitment fees. As amended, the Revolving Credit Facility matures on October 13, 2022 , provided that if, on October 15, 2021 , more than an aggregate of $150.0 million of the 2015 4.625% Senior Notes (as defined below) are outstanding, then the maturity date of the Revolving Credit Facility shall be October 15, 2021 . Except as described herein, there were no other material changes to the Revolving Credit Facility. In connection with the Third Amendment we capitalized approximately $1.1 million in debt issuance costs. Interest Rate Applicable to the Credit Facilities The interest rate applicable to the Credit Facilities is, at our option, either (i) a base rate plus an applicable margin equal to 1.25% in respect of the Term Loan Facility and ranging from 0.25% to 1.00% , depending on our leverage ratio, in respect of the Revolving Credit Facility, or (ii) a Eurocurrency rate plus an applicable margin equal to 2.25% in respect of the Term Loan Facility and ranging from 1.25% to 2.00% , depending on our leverage ratio, in respect of the Revolving Credit Facility. Borrowings are subject to a floor of 2.00% in the case of the base rate and a floor of 1.00% in the case of Eurocurrency rate. Amounts drawn under each letter of credit that is issued and outstanding under this facility bear interest ranging from 1.25% to 2.00% , depending on our leverage ratio. The unused portion of the Revolving Credit Facility is subject to a commitment fee of 0.25% . We are also required to pay (i) letters of credit fees on the aggregate face amounts of outstanding letters of credit plus a fronting fee to the issuing bank and (ii) administration fees. As of December 31, 2017 , the weighted average interest rate on our Term Loan Facility was 3.87% . The principal amount of the Term Loan Facility amortizes in quarterly installments equal to $16.1 million , with the balance payable at maturity. Obligations under the Credit Facilities are guaranteed on a senior secured basis, jointly and severally, by the direct parent company of one of the Borrowers and substantially all of its Canadian and U.S. subsidiaries, including The TDL Group Corp., Burger King Worldwide, Inc., Popeyes Louisiana Kitchen, Inc. and substantially all of their respective Canadian and U.S. subsidiaries (the “Credit Guarantors”). Amounts borrowed under the Credit Facilities are secured on a first priority basis by a perfected security interest in substantially all of the present and future property (subject to certain exceptions) of each Borrower and Credit Guarantor. 2017 4.25% Senior Notes During 2017, the Borrowers entered into an indenture (the “2017 4.25% Senior Notes Indenture”) in connection with the issuance of $1,500.0 million of 4.25% first lien senior notes due May 15, 2024 (the “2017 4.25% Senior Notes”). No principal payments are due until maturity and interest is paid semi-annually. The net proceeds from the offering of the 2017 4.25% Senior Notes, together with other sources of liquidity, were used to redeem all of the outstanding Class A 9.0% cumulative compounding perpetual voting preferred shares (see Note 13, Redeemable Preferred Shares ) and for other general corporate purposes. In connection with the issuance of the 2017 4.25% Senior Notes, we capitalized approximately $12.6 million in debt issuance costs. Obligations under the 2017 4.25% Senior Notes are guaranteed on a senior secured basis, jointly and severally, by the Borrowers and substantially all of the Borrowers' Canadian and U.S. subsidiaries, including The TDL Group Corp., Burger King Worldwide, Inc., Popeyes Louisiana Kitchen, Inc. and substantially all of their respective Canadian and U.S. subsidiaries (the “Note Guarantors”). The 2017 4.25% Senior Notes are first lien senior secured obligations and rank equal in right of payment with all of the existing and future senior debt of the Borrowers and Note Guarantors, including borrowings and guarantees of the Credit Facilities. Our 2017 4.25% Senior Notes may be redeemed in whole or in part, on or after May 15, 2020 at the redemption prices set forth in the 2017 4.25% Senior Notes Indenture, plus accrued and unpaid interest, if any, at the date of redemption. The 2017 4.25% Senior Notes Indenture also contains optional redemption provisions related to tender offers, change of control and equity offerings, among others. 2017 5.00% Senior Notes During 2017, the Borrowers entered into an indenture (the “2017 5.00% Senior Notes Indenture”) in connection with the issuance of $2,800.0 million of 5.00% second lien senior notes due October 15, 2025 (the “2017 5.00% Senior Notes”). No principal payments are due until maturity and interest is paid semi-annually. The net proceeds from the offering of the 2017 5.00% Senior Notes were used to redeem the entire outstanding principal balance of $2,250.0 million of 6.00% second lien secured notes due April 1, 2022 (the “2014 6.00% Senior Notes”), pay related redemption premiums, fees and expenses, and for general corporate purposes. In connection with the issuance of the 2017 5.00% Senior Notes, we capitalized approximately $14.9 million in debt issuance costs. In connection with the full redemption of the 2014 6.00% Senior Notes, we recorded a loss on early extinguishment of debt of $101.6 million that primarily reflects the payment of premiums to redeem the notes and the write-off of unamortized debt issuance costs. Obligations under the 2017 5.00% Senior Notes are guaranteed on a second priority senior secured basis, jointly and severally, by the Note Guarantors. The 2017 5.00% Senior Notes are second lien senior secured obligations and rank equal in right of payment with all of the existing and future senior debt of the Borrowers and Note Guarantors, including borrowings and guarantees of the Credit Facilities. Our 2017 5.00% Senior Notes may be redeemed in whole or in part, on or after October 15, 2020 at the redemption prices set forth in the 2017 5.00% Senior Notes Indenture, plus accrued and unpaid interest, if any, at the date of redemption. The 2017 5.00% Senior Notes Indenture also contains optional redemption provisions related to tender offers, change of control and equity offerings, among others. 2015 4.625% Senior Notes The Borrowers are also party to an indenture (the “2015 4.625% Senior Notes Indenture”) in connection with the issuance of $1,250.0 million of 4.625% first lien senior notes due January 15, 2022 (the “2015 4.625% Senior Notes”). No principal payments are due until maturity and interest is paid semi-annually. Obligations under the 2015 4.625% Senior Notes are guaranteed on a senior secured basis, jointly and severally, by the Note Guarantors. The 2015 4.625% Senior Notes are first lien senior secured obligations and rank equal in right of payment with all of the existing and future senior debt of the Borrowers and Note Guarantors, including borrowings and guarantees of the Credit Facilities. Our 2015 4.625% Senior Notes may be redeemed in whole or in part, on or after October 1, 2017 , at the redemption prices set forth in the corresponding indenture, plus accrued and unpaid interest, if any, at the date of redemption. The 2015 4.625% Senior Notes Indenture also contains optional redemption provisions related to tender offers, change of control and equity offerings, among others. Restrictions and Covenants Our Credit Facilities, 2017 4.25% Senior Notes Indenture, 2017 5.00% Senior Notes Indenture and 2015 4.625% Senior Notes Indenture contain a number of customary affirmative and negative covenants that, among other things, limit or restrict our ability and the ability of certain of our subsidiaries to: incur additional indebtedness; incur liens; engage in mergers, consolidations, liquidations and dissolutions; sell assets; pay dividends and make other payments in respect of capital stock; make investments, loans and advances; pay or modify the terms of certain indebtedness; engage in certain transactions with affiliates. In addition, the Borrowers are not permitted to exceed a first lien senior secured leverage ratio of 6.50 to 1.00 when, as of the end of any fiscal quarter, the sum of (i) the amount of letters of credit outstanding exceeding $50.0 million (other than those that are cash collateralized); (ii) outstanding amounts under the Revolving Credit Facility and (iii) outstanding amounts of swing line loans, exceeds 30.0% of the commitments under the Revolving Credit Facility. The restrictions under the Credit Facilities, the 2017 4.25% Senior Notes Indenture, the 2017 5.00% Senior Notes Indenture, the 2015 4.625% Senior Notes Indenture have resulted in substantially all of our consolidated assets being restricted. As of December 31, 2017 , we were in compliance with all debt covenants under the Credit Facilities, 2017 4.25% Senior Notes Indenture, 2017 5.00% Senior Notes Indenture and 2015 4.625% Senior Notes Indenture and there were no limitations on our ability to draw on the remaining availability under our Revolving Credit Facility. Debt Issuance Costs During 2017 and 2015, we incurred aggregate deferred financing costs of $62.9 million and $80.3 million , respectively. No deferred financing costs were incurred in 2016. Loss on Early Extinguishment of Debt During 2017, we recorded a $122.0 million loss on early extinguishment of debt, which primarily reflects the payment of premiums to redeem our 2014 6.00% Senior Notes and the write-off of unamortized debt issuance costs and discounts in connection with the refinancing of our Term Loan Facility and the redemption of our 2014 6.00% Senior Notes. Similarly, during 2015, we recorded a $40.0 million loss on early extinguishment of debt, which primarily reflects the write-off of unamortized debt issuance costs and unamortized discounts in connection with a prepayment of our Term Loan Facility Other On March 27, 2017, we repaid $155.5 million of debt assumed in connection with the Popeyes Acquisition. Additionally, $35.6 million of Tim Hortons Series 1 notes were repaid on June 1, 2017, the original maturity date. Maturities The aggregate maturities of our long-term debt as of December 31, 2017 are as follows (in millions): Year Ended December 31, Principal Amount 2018 $ 56.8 2019 73.8 2020 71.0 2021 71.0 2022 1,320.9 Thereafter 10,434.3 Total $ 12,027.8 Interest Expense, net Interest expense, net consists of the following (in millions): 2017 2016 2015 Debt $ 484.5 $ 412.2 $ 426.8 Capital lease obligations 21.4 19.9 20.8 Amortization of deferred financing costs and debt issuance discount 32.7 38.9 34.9 Interest income (26.4 ) (4.1 ) (4.2 ) Interest expense, net $ 512.2 $ 466.9 $ 478.3

Leases

Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Leases	Leases Company as Lessor As of December 31, 2017 , we leased or subleased 5,342 restaurant properties to franchisees and 162 non-restaurant properties to third parties under direct financing leases and operating leases where we are the lessor. Initial lease terms generally range from 10 to 20 years . Most leases to franchisees provide for fixed monthly payments and many provide for future rent escalations and renewal options. Certain leases also include provisions for contingent rent, determined as a percentage of sales, generally when annual sales exceed specific levels. Lessees typically bear the cost of maintenance, insurance and property taxes. Assets leased to franchisees and others under operating leases where we are the lessor and which are included within our property and equipment, net are as follows (in millions): As of December 31, 2017 2016 Land $ 930.7 $ 893.9 Buildings and improvements 1,215.5 1,112.9 Restaurant equipment 17.5 14.7 2,163.7 2,021.5 Accumulated depreciation and amortization (407.4 ) (312.5 ) Property and equipment leased, net $ 1,756.3 $ 1,709.0 Our net investment in direct financing leases is as follows (in millions): As of December 31, 2017 2016 Future rents to be received: Future minimum lease receipts $ 77.5 $ 96.3 Contingent rents (a) 39.6 51.2 Estimated unguaranteed residual value 17.1 18.9 Unearned income (45.4 ) (56.5 ) Allowance on direct financing leases (0.2 ) (0.2 ) 88.6 109.7 Current portion included within accounts receivables (17.3 ) (17.8 ) Net investment in property leased to franchisees $ 71.3 $ 91.9 (a) Amounts represent estimated contingent rents recorded in connection with the acquisition method of accounting. Property revenues are comprised primarily of rental income from operating leases and earned income on direct financing leases with franchisees as follows (in millions): 2017 2016 2015 Rental income: Minimum $ 466.0 $ 452.8 $ 453.9 Contingent 283.8 282.5 281.7 Amortization of favorable and unfavorable income lease contracts, net 8.3 8.5 11.0 Total rental income 758.1 743.8 746.6 Earned income on direct financing leases 7.0 8.9 13.6 Total property revenues $ 765.1 $ 752.7 $ 760.2 Company as Lessee In addition, we lease land, building, equipment, office space and warehouse space, including 709 restaurant buildings under capital leases where we are the lessee. Land and building leases generally have an initial term of 10 to 30 years , while land-only lease terms can extend longer, and most leases provide for fixed monthly payments. Many of these leases provide for future rent escalations and renewal options. Certain leases also include provisions for contingent rent, determined as a percentage of sales, generally when annual sales exceed specific levels. Most leases also obligate us to pay the cost of maintenance, insurance and property taxes. Rent expense associated with these lease commitments is as follows (in millions): 2017 2016 2015 Rental expense: Minimum $ 198.1 $ 193.5 $ 199.5 Contingent 71.1 70.6 73.1 Amortization of favorable and unfavorable payable lease contracts, net 9.7 9.2 10.1 Total rental expense (a) $ 278.9 $ 273.3 $ 282.7 (a) Amounts include rental expense related to properties subleased to franchisees of $262.8 million for 2017, $253.9 million for 2016, and $267.0 million for 2015. As of December 31, 2017 , future minimum lease receipts and commitments are as follows (in millions): Lease Receipts Lease Commitments (a) Direct Operating Capital Operating 2018 $ 18.1 $ 360.3 $ 39.7 $ 182.9 2019 14.3 323.7 36.4 167.6 2020 9.6 288.6 34.3 154.7 2021 6.8 256.3 32.9 138.8 2022 5.4 226.2 32.1 125.5 Thereafter 23.3 1,327.7 232.8 837.5 Total minimum receipts / payments $ 77.5 $ 2,782.8 408.2 $ 1,607.0 Less amount representing interest (143.0 ) Present value of minimum capital lease payments 265.2 Current portion of capital lease obligation (21.4 ) Long-term portion of capital lease obligation $ 243.8 (a) Minimum lease payments have not been reduced by minimum sublease rentals of $1,833.5 million due in the future under non-cancelable subleases.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Tax Act On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”) that significantly revises the U.S. tax code generally effective January 1, 2018 by, among other changes, lowering the corporate income tax rate from 35% to 21%, limiting deductibility of interest expense and performance based incentive compensation and implementing a modified territorial tax system. As a Canadian entity, we generally would be classified as a foreign entity (and, therefore, a non-U.S. tax resident) under general rules of U.S. federal income taxation. However, we have subsidiaries subject to U.S. federal income taxation and therefore the Tax Act impacted our consolidated results of operations during 2017, and is expected to continue to impact our consolidated results of operations in future periods. The impacts to our consolidated statement of operations in 2017 consist of the following: • The remeasurement of net deferred tax liabilities as of the enactment date. • Charges related to certain deductions allowed to be carried forward before the Tax Act, which potentially may not be carried forward and deductible under the Tax Act. • A one-time transitional repatriation tax on unremitted foreign earnings (the “Transition Tax”), which may be paid over an eight-year period. On December 22, 2017, Staff Accounting Bulletin No. 118 (“SAB 118”) was issued to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Tax Act. SAB 118 provides that companies (i) should record the effects of the changes from the Tax Act for which accounting is complete (not provisional), (ii) should record provisional amounts for the effects of the changes from the Tax Act for which accounting is not complete, and for which reasonable estimates can be determined, in the period they are identified, and (iii) should not record provisional amounts if reasonable estimates cannot be made for the effects of the changes from the Tax Act, and should continue to apply guidance based on the tax law in effect prior to the enactment on December 22, 2017. In addition, SAB 118 established a one-year measurement period (through December 22, 2018) where a provisional amount could be subject to adjustment, and requires certain qualitative and quantitative disclosures related to provisional amounts and accounting during the measurement period. As a result of the reduction in the U.S. corporate tax rate, we remeasured our U.S. net deferred tax liabilities as of the enactment date and recognized a provisional benefit of $419.9 million as a discrete item in the provision for income taxes in 2017, which is a reduction in net deferred tax liabilities and is included in Deferred income taxes, net in the accompanying consolidated balance sheet as of December 31, 2017. We also recorded $102.6 million of provisional charges related to certain deductions allowed to be carried forward before the Tax Act, which potentially may not be carried forward and deductible under the Tax Act. Of the $102.6 million , $43.0 million is included in Deferred income taxes, net and $59.6 million is included in Other long term liabilities in the accompanying consolidated balance sheet as of December 31, 2017. We provisionally estimate a Transition Tax of $119.4 million , most of which had been previously accrued with respect to certain undistributed foreign earnings. The $119.4 million provisional Transition Tax is included in Other accrued liabilities in the accompanying consolidated balance sheet as of December 31, 2017. The amount and timing of the Transition Tax payments are currently being evaluated. Under the Tax Act, we have the ability to pay such amount over an eight year period. Given the complexity of the changes in tax law resulting from the Tax Act, we have not finalized the accounting for the income tax effects of the Tax Act, including any of the provisional amounts describe above. Adjustments to provisional amounts will be recorded as discrete items in the provision for income taxes in the period in which those adjustments become reasonably estimable. Such adjustments may result in the impact of the Tax Act differing from these estimates, possibly materially, during the one-year measurement period due to, among other things, further refinement of our calculations, changes in interpretations and assumptions we have made, interpretations and regulatory changes from the Internal Revenue Service, the SEC, the FASB and various tax jurisdictions, or actions we may take. We will complete our analysis no later than December 22, 2018. We are in the process of analyzing the effects of the new tax provisions that potentially impact certain foreign income, expenses and credits, such as GILTI (global intangible low-taxed income), BEAT (base-erosion anti-abuse tax), and FDII (foreign-derived intangible income). We have not recorded any impact for GILTI, BEAT or FDII in 2017. The ultimate impact of the Tax Act on our effective tax rate in future periods will depend on interpretations and regulatory changes from the Internal Revenue Service, the SEC, the FASB and various tax jurisdictions, or actions we may take. Income (loss) before income taxes, classified by source of income (loss), is as follows (in millions): 2017 2016 2015 Canadian $ 1,223.6 $ 1,050.1 $ 546.9 Foreign (121.9 ) 149.7 127.0 Income before income taxes $ 1,101.7 $ 1,199.8 $ 673.9 Income tax (benefit) expense attributable to income from continuing operations consists of the following (in millions): 2017 2016 2015 Current: Canadian $ 438.1 $ 78.6 $ 107.2 U.S. Federal 113.2 45.4 46.1 U.S. state, net of federal income tax benefit 3.0 1.5 4.1 Other Foreign 54.5 38.3 37.1 $ 608.8 $ 163.8 $ 194.5 Deferred: Canadian $ (301.8 ) $ 49.0 $ (48.1 ) U.S. Federal (473.3 ) 37.0 21.0 U.S. state, net of federal income tax benefit 34.3 (6.9 ) (7.5 ) Other Foreign (1.6 ) 1.0 2.3 $ (742.4 ) $ 80.1 $ (32.3 ) Income tax (benefit) expense $ (133.6 ) $ 243.9 $ 162.2 The statutory rate reconciles to the effective income tax rate as follows: 2017 2016 2015 Statutory rate 26.5 % 26.5 % 26.5 % Costs and taxes related to foreign operations 9.9 9.6 16.7 Foreign exchange gain (loss) (7.7 ) 0.1 (1.9 ) Foreign tax rate differential (1.9 ) (1.0 ) (5.4 ) Change in valuation allowance 12.0 0.2 4.7 Change in accrual for tax uncertainties (0.4 ) 1.0 0.7 Deductible FTC (1.0 ) — — Intercompany financing (19.5 ) (16.0 ) (20.2 ) Impact of Tax Act (27.4 ) — — Benefit from stock option exercises (4.9 ) — — Other 2.3 (0.1 ) 3.0 Effective income tax rate (12.1 )% 20.3 % 24.1 % Our effective income tax rate was (12.1)% for 2017 and 20.3% for 2016 . The change in our effective tax rate in 2017 compared to 2016 is primarily due to the impact of the Tax Act, including the remeasurement of deferred tax liabilities, partially offset by the net impact of Transition Tax and provisional charges, in each case as described above. Our effective income tax rate in 2017 also includes a benefit from stock option exercises as a result of the required adoption of a new share-based compensation accounting standard, as well as differing tax rules applicable to certain subsidiaries outside Canada. These factors were partially offset by a valuation allowance on foreign exchange capital losses. Our effective income tax rate was 24.1% for 2015 , primarily due to the impact of the acquisition of Tim Hortons in 2014, including non-deductible transaction related costs, and the mix of income from multiple tax jurisdictions. Income tax (benefit) expense allocated to continuing operations and amounts separately allocated to other items was (in millions): 2017 2016 2015 Income tax (benefit) expense from continuing operations $ (133.6 ) $ 243.9 $ 162.2 Cash flow hedge in accumulated other comprehensive income (loss) 5.1 (1.6 ) (21.5 ) Net investment hedge in accumulated other comprehensive income (loss) (12.8 ) 12.3 111.7 Pension liability in accumulated other comprehensive income (loss) (2.0 ) (1.6 ) (7.0 ) Stock option tax benefit in common shares — (8.6 ) (0.5 ) Total $ (143.3 ) $ 244.4 $ 244.9 The significant components of deferred income tax (benefit) expense attributable to income from continuing operations are as follows (in millions): 2017 2016 2015 Deferred income tax (benefit) expense $ (449.3 ) $ 77.6 $ (51.9 ) Change in valuation allowance 132.7 2.1 31.8 Change in effective U.S. federal income tax rate (432.9 ) — — Change in effective U.S. state income tax rate 3.6 (2.9 ) (7.2 ) Change in effective foreign income tax rate 3.5 3.3 (5.0 ) Total $ (742.4 ) $ 80.1 $ (32.3 ) The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in millions): As of December 31, 2017 2016 Deferred tax assets: Accounts and notes receivable $ 5.2 $ 6.7 Accrued employee benefits 48.7 67.9 Unfavorable leases 146.1 153.8 Liabilities not currently deductible for tax 73.8 42.4 Tax loss and credit carryforwards 549.8 231.3 Derivatives 135.8 — Other 0.4 17.2 Total gross deferred tax assets 959.8 519.3 Valuation allowance (281.5 ) (132.9 ) Net deferred tax assets 678.3 386.4 Less deferred tax liabilities: Property and equipment, principally due to differences in depreciation 33.3 64.8 Intangible assets 1,790.9 1,723.8 Leases 128.6 150.9 Statutory impairment 26.4 23.5 Derivatives — 25.4 Outside basis difference 67.6 102.9 Total gross deferred tax liabilities 2,046.8 2,091.3 Net deferred tax liability $ 1,368.5 $ 1,704.9 The valuation allowance had a net increase of $148.6 million during 2017 primarily due to foreign exchange capital losses. These losses were previously partially offset by deferred tax liabilities related to intercompany loans, which were settled during the current year. Changes in the valuation allowance are as follows (in millions): 2017 2016 2015 Beginning balance $ 132.9 $ 124.6 $ 68.8 Additions due to acquisition 9.4 — — Change in estimates recorded to deferred income tax expense 132.7 2.1 31.8 Expiration of foreign tax credits and capital losses — — (3.2 ) Changes from foreign currency exchange rates 5.5 (0.7 ) (8.2 ) True-ups from changes in losses and credits 0.8 6.9 35.4 Additions related to other comprehensive income 0.2 — — Ending balance $ 281.5 $ 132.9 $ 124.6 The gross amount and expiration dates of operating loss and tax credit carry-forwards as of December 31, 2017 are as follows (in millions): Amount Expiration Date Canadian net operating loss carryforwards $ 1,161.2 2032-2037 Canadian capital loss carryforwards 893.0 Indefinite U.S. state net operating loss carryforwards 676.7 2018-2037 U.S. capital loss carryforwards 58.2 2018 U.S. foreign tax credits 24.5 2019-2026 Other foreign net operating loss carryforwards 219.6 Indefinite Other foreign net operating loss carryforwards 9.0 2023-2026 Other foreign capital loss carryforward 31.8 Indefinite Foreign credits 1.8 2023-2036 Total $ 3,075.8 In prior periods, we provided deferred taxes on certain undistributed foreign earnings. Under our transition to a modified territorial tax system whereby all previously untaxed undistributed foreign earnings are subject to a transition tax charge at reduced rates and future repatriations of foreign earnings will generally be exempt from U.S. tax, we wrote off the existing deferred tax liability on undistributed foreign earnings and recorded the impact of the new transition tax charge on foreign earnings. We will continue to monitor available evidence and our plans for foreign earnings and expect to continue to provide any applicable deferred taxes based on the tax liability or withholding taxes that would be due upon repatriation of amounts not considered permanently reinvested. We had $461.0 million of unrecognized tax benefits at December 31, 2017 , which if recognized, would favorably affect the effective income tax rate. A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in millions): 2017 2016 2015 Beginning balance $ 240.6 $ 238.6 $ 41.6 Additions on tax position related to the current year 186.3 2.0 0.8 Additions for tax positions of prior years 41.2 6.2 4.3 Additions for tax positions taken in conjunction with acquisition of Tim Hortons 1.8 — 202.5 Reductions for tax positions of prior year (0.2 ) (1.0 ) (2.8 ) Reductions for settlement (1.7 ) (4.6 ) (7.4 ) Reductions due to statute expiration (7.0 ) (0.6 ) (0.4 ) Ending balance $ 461.0 $ 240.6 $ 238.6 During the twelve months beginning January 1, 2018, it is reasonably possible we will reduce unrecognized tax benefits by approximately $24.3 million , primarily as a result of the expiration of certain statutes of limitations and the resolution of audits. We recognize interest and penalties related to unrecognized tax benefits in income tax expense. The total amount of accrued interest and penalties was $36.9 million and $27.3 million at December 31, 2017 and 2016, respectively. Potential interest and penalties associated with uncertain tax positions recognized was $9.6 million during 2017 , $11.2 million during 2016 and $3.3 million during 2015 . To the extent interest and penalties are not assessed with respect to uncertain tax positions, amounts accrued will be reduced and reflected as a reduction of the overall income tax provision. We file income tax returns with Canada and its provinces and territories. Generally we are subject to routine examinations by the Canada Revenue Agency (“CRA”). The CRA is conducting examinations of the 2010 through 2014 taxation years. Additionally, income tax returns filed with various provincial jurisdictions are generally open to examination for periods of three to five years subsequent to the filing of the respective return. We also file income tax returns, including returns for our subsidiaries, with U.S. federal, U.S. state, and foreign jurisdictions. Generally we are subject to routine examination by taxing authorities in the U.S. jurisdictions, as well as foreign tax jurisdictions. None of the foreign jurisdictions should be individually material. The examination phase of our U.S. federal income tax returns for fiscal 2009, 2010, the period July 1, 2010 through October 18, 2010 and the period October 19, 2010 through December 31, 2010 was completed during 2015. Various tax positions related to those years are currently under appeals. During 2017, the U.S. Internal Revenue Service commenced the audit of the fiscal year 2014 U.S. federal income tax returns for our U.S. companies. We have various U.S. state and foreign income tax returns in the process of examination. From time to time, these audits result in proposed assessments where the ultimate resolution may result in owing additional taxes. We believe that our tax positions comply with applicable tax law and that we have adequately provided for these matters.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Disclosures about Derivative Instruments and Hedging Activities We enter into derivative instruments for risk management purposes, including derivatives designated as cash flow hedges, derivatives designated as net investment hedges and those utilized as economic hedges. We use derivatives to manage our exposure to fluctuations in interest rates and currency exchange rates. Interest Rate Swaps – Outstanding as of December 31, 2017 During 2015, we entered into a series of receive-variable, pay- fixed interest rate swaps with a notional value of $2,500.0 million to hedge the variability in the interest payments on a portion of our Term Loan Facility beginning May 28, 2015, through the expiration of the final swap on March 31, 2021, resetting each March 31. At inception, these interest rate swaps were designated as cash flow hedges for hedge accounting, and as such, the effective portion of unrealized changes in market value are recorded in AOCI and reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings. During 2015, we settled certain interest rate swaps and recognized a net unrealized loss of $84.6 million in AOCI at the date of settlements. This amount gets reclassified into interest expense, net as the original hedged forecasted transaction affects earnings. The amount of pre-tax losses in AOCI as of December 31, 2017 that we expect to be reclassified into interest expense within the next 12 months is $12.4 million . In connection with the settlement of these interest rate swaps, we paid $36.2 million , which is reflected as a use of cash within investing activities in the consolidated statement of cash flows for 2015. Interest Rate Swaps – Settled Prior to December 31, 2015 During 2015, we settled a series of receive-variable, pay-fixed interest rate swaps that were hedging the variability in the interest payments associated with our Term Loan Facility. At inception, these interest rate swaps were designated as cash flow hedges for hedge accounting, and as such, the effective portion of unrealized changes in market value were recorded in AOCI and reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Gains and losses from hedge ineffectiveness were recognized in earnings. During 2015, we temporarily discontinued hedge accounting on the entire balance of these swaps as a result of the $42.7 million mandatory prepayment of our Term Loan Facility, as well as changes to forecasted cash flows, and settled $42.7 million of these instruments equal to the amount of the mandatory prepayment of our Term Loan Facility. During the same period, we re-designated $5,690.4 million of the remaining $6,690.4 million of notional outstanding, as a cash flow hedge for hedge accounting. The remaining $1,000.0 million of notional amount was not re-designated for hedge accounting and as such changes in fair value on this portion of the interest rate swaps were recognized in earnings. During April 2015, in order to offset the cash flows associated with this $1,000.0 million notional value receive-variable, pay-fixed interest rate swap, we entered into a pay-variable, receive-fixed mirror interest rate swap with a notional value of $1,000.0 million and a maturity date of March 31, 2021 . During 2015, we also settled a series of receive-variable, pay-fixed interest rate swaps with a combined initial notional value of $6,750.0 million that was amortized each quarter at the same rate of the Term Loan Facility. To offset the cash flows associated with these interest rate swaps, in November 2014 we entered into a series of receive-fixed, pay-variable mirror interest rate swaps with a combined initial notional value of $6,750.0 million that was amortized each quarter at the same rate of the Term Loan Facility. For all of these derivative instruments, each year on March 31, the existing interest rate swap was scheduled to expire and be immediately replaced with a new interest rate swap until the expiration of the arrangement on March 31, 2021 . These interest rate swaps were not designated for hedge accounting and as such changes in fair value were recognized in earnings. 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 December 31, 2017 , we had outstanding cross-currency rate swap contracts between the Canadian dollar and U.S. dollar and the Euro and U.S. dollar that have been designated as net investment hedges of a portion of our equity in foreign operations in those currencies. The component of the gains and losses on our net investment in these designated foreign operations driven by changes in foreign exchange rates are economically offset by movements in the fair value of our cross currency swap contracts. The fair value of the swaps is calculated each period with changes in fair value reported in AOCI, net of tax. Such amounts will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. During 2017, we terminated and settled our previous cross-currency rate swaps with an aggregate notional value of $5,000.0 million , between the Canadian dollar and U.S. dollar. In connection with this termination, we received $763.5 million which is reflected as a source of cash provided by investing activities in the consolidated statement of cash flows. The unrealized gains totaled $533.4 million , net of tax, as of the termination date and will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. Additionally during 2017, we entered into new fixed-to-fixed cross-currency rate swaps to partially hedge the net investment in our Canadian subsidiaries. At inception, these cross-currency rate swaps were designated as a hedge and are accounted for as net investment hedges. These swaps are contracts to exchange quarterly fixed-rate interest payments we make on the Canadian dollar notional amounts of C $6,753.5 million for quarterly fixed-rate interest payments we receive on the U.S. dollar notional amount of $5,000.0 million through the maturity date of June 30, 2023 . In making such changes, we effectively realigned our Canadian dollar hedges to reflect our current cash flow mix and capital structure maturity profile. At December 31, 2017 , we also had outstanding a cross-currency rate swap in which we pay quarterly fixed-rate interest payments on the Euro notional amount of € 1,107.8 million and receive quarterly fixed-rate interest payments on the U.S. dollar notional amount of $1,200.0 million through the maturity date of March 31, 2021 . At inception, this cross-currency rate swap was designated as a hedge and is accounted for as a net investment hedge. During 2015, we terminated some cross-currency rate swaps with an aggregate notional value of $315.0 million . In connection with this termination, we received $52.1 million which is reflected as a source of cash provided by investing activities in the consolidated statement of cash flows for 2015. The net unrealized gains totaled $31.8 million as of the termination date. Such amounts will remain in AOCI until the complete or substantially complete liquidation of our investment in the underlying foreign operations. At inception, these cross-currency rate swaps were designated as a hedge and were accounted for as net investment hedges. 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 December 31, 2017 , 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 $183.0 million with maturities to February 2019 . We have designated these instruments as cash flow hedges, and as such, the effective portion of unrealized changes in market value are recorded in AOCI and are reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings. Credit Risk By entering into derivative 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 consolidated balance sheets (in millions): Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion) 2017 2016 2015 Derivatives designated as cash flow hedges: Forward-starting interest rate swaps $ (5.5 ) $ (22.7 ) $ (128.2 ) Forward-currency contracts $ (9.4 ) $ (4.8 ) $ 18.2 Derivatives designated as net investment hedges: Cross-currency rate swaps $ (383.5 ) $ (87.0 ) $ 798.5 Affected Line Item in Statements of Operations Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) 2017 2016 2015 Interest expense, net $ (31.0 ) $ (21.3 ) $ (12.0 ) Other operating expenses (income), net $ — $ — $ (27.6 ) Cost of sales $ (3.4 ) $ — $ 12.3 Gain (Loss) Recognized in Other Operating Expenses (Income), net 2017 2016 2015 Derivatives not designated as hedging instruments: Interest rate swaps $ — $ — $ (12.4 ) Cross-currency rate swaps $ — $ — $ 4.3 Ineffectiveness of cash flow hedges: Interest rate swaps $ — $ — $ (1.6 ) Fair Value as of December 31, 2017 2016 Balance Sheet Location Assets: Derivatives designated as cash flow hedges: Foreign currency $ 0.5 $ 2.8 Prepaids and other current assets Derivatives designated as net investment hedges: Foreign currency — 717.9 Derivative assets Total assets at fair value $ 0.5 $ 720.7 Liabilities: Derivatives designated as cash flow hedges: Interest rate $ 42.1 $ 55.1 Other liabilities, net Foreign currency 5.1 1.1 Other accrued liabilities Derivatives designated as net investment hedges: Foreign currency 456.4 — Other liabilities, net Total liabilities at fair value $ 503.6 $ 56.2

Redeemable Preferred Shares

Redeemable Preferred Shares	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Redeemable Preferred Shares	Redeemable Preferred Shares On December 12, 2014 we issued 68,530,939 Class A 9.0% cumulative compounding perpetual voting preferred shares (the “Preferred Shares”) to a subsidiary of Berkshire Hathaway, which were outstanding until the Redemption Date (as defined below). A 9.0% annual dividend accrued on the purchase price of $43.775848 per Preferred Share, and was payable quarterly in arrears, when declared and approved by our board of directors. The Preferred Shares were redeemable at our option on and after December 12, 2017. During 2014, we adjusted the carrying value of the Preferred Shares to their redemption price of $48.109657 per Preferred Share (the “redemption price”). The Preferred Shares were classified as temporary equity while outstanding because redemption was not solely within our control, as the Preferred Shares also contained provisions that allowed the holder to redeem the Preferred Shares for cash beginning in December 2024 or upon a change in control. On December 12, 2017 (the “Redemption Date”), we redeemed all of the issued and outstanding Preferred Shares for aggregate consideration of $3,115.6 million (the “Redemption Consideration”), consisting of (i) $3,297.0 million , which is the redemption price of $48.109657 per Preferred Share multiplied by the number of Preferred Shares outstanding, plus (ii) $54.0 million of accrued and unpaid preferred dividends up to the Redemption Date, minus (iii) an adjustment of $235.4 million , so that the after-tax internal rate of return of the holder of the Preferred Shares from the original issue date through the Redemption Date is equal to the after-tax internal rate of return that the holder of the Preferred Shares would have received if we were a U.S. corporation. The $235.4 million adjustment, net of $1.6 million of related transaction costs, is reflected as a $233.8 million increase to net income attributable to common shareholders and common shareholder's equity. The Redemption Consideration was funded by proceeds from (i) the incremental Term Loan No. 2 and the issuance of the 2017 4.25% Senior Notes - see Note 9, Long-Term Debt, (ii) proceeds from the termination and settlement of our previous cross-currency rate swaps with an aggregate notional value of $5,000.0 million between the Canadian dollar and U.S. dollar - see Note 12, Derivative Instruments , and (iii) cash generated in the normal course of our business. Upon redemption, the Preferred Shares were deemed canceled, dividends ceased to accrue and all rights of the holder terminated.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Noncontrolling Interests We reflect a noncontrolling interest which represents the interests of the holders of Partnership exchangeable units in Partnership that are not held by RBI. The holders of Partnership exchangeable units held an economic interest of approximately 47.2% and 49.2% in Partnership common equity through the ownership of 217,708,924 and 226,995,404 Partnership exchangeable units as of December 31, 2017 and 2016 , respectively. Pursuant to the terms of the partnership agreement, each holder of a Partnership exchangeable unit is entitled to distributions from Partnership in an amount equal to any dividends or distributions that we declare and pay with respect to our common shares. Additionally, each holder of a Partnership exchangeable unit is entitled to vote in respect of matters on which holders of RBI common shares are entitled to vote through our special voting share. Since December 12, 2015, a holder of a Partnership exchangeable unit may require Partnership to exchange all or any portion of such holder’s Partnership exchangeable units for our common shares at a ratio of one common share for each Partnership exchangeable unit, subject to our right as the general partner of Partnership, in our sole discretion, to deliver a cash payment in lieu of our common shares. If we elect to make a cash payment in lieu of issuing common shares, the amount of the payment will be the weighted average trading price of the common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date. During 2017 , Partnership exchanged 9,286,480 Partnership exchangeable units, pursuant to exchange notices received. In accordance with the terms of the partnership agreement, Partnership satisfied the exchange notices by repurchasing 5,000,000 Partnership exchangeable units for approximately $330.2 million in cash and exchanging 4,286,480 Partnership exchangeable units for the same number of our newly issued common shares. During 2016 , Partnership exchanged 6,744,244 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. During 2015 , Partnership exchanged 31,302,135 Partnership exchangeable units, pursuant to exchange notices received. In accordance with the terms of the partnership agreement, Partnership satisfied the exchange notices by repurchasing 8,150,003 Partnership exchangeable units for approximately $293.7 million in cash and exchanging 23,152,132 Partnership exchangeable units for the same number of our newly issued common shares. The exchanges represented increases in our ownership interest in Partnership and were accounted for as equity transactions, with no gain or loss recorded in the consolidated statements of operations. Pursuant to the terms of the partnership agreement, upon the exchange of Partnership exchangeable units, each such Partnership exchangeable unit was cancelled concurrently with the exchange. Prior to and in connection with the redemption of the Preferred Shares, under the terms of the partnership agreement, Partnership made preferred unit distributions to RBI in amounts equal to (i) dividends RBI paid on the Preferred Shares and (ii) the Redemption Consideration of the Preferred Shares. Although the Partnership preferred units and related distributions eliminate in consolidation, they affect the amount of net income (loss) attributable to noncontrolling interests that we report. Net income (loss) attributable to noncontrolling interests represents the noncontrolling interests’ portion of (i) Partnership net income (loss) for the corresponding period less (ii) preferred unit dividends accrued by Partnership. Accumulated Other Comprehensive Income (Loss) The following table displays the change in the components of AOCI (in millions): Derivatives Pensions Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) Balances at December 31, 2014 $ 4.7 $ (4.5 ) $ (108.0 ) $ (107.8 ) Foreign currency translation adjustment — — (1,830.8 ) (1,830.8 ) Net change in fair value of derivatives, net of tax 605.8 — — 605.8 Amounts reclassified to earnings of cash flow hedges, net of tax 19.8 — — 19.8 Pension and post-retirement benefit plans, net of tax — (14.1 ) — (14.1 ) OCI attributable to noncontrolling interests (312.3 ) 6.3 899.4 593.4 Balances at December 31, 2015 318.0 (12.3 ) (1,039.4 ) (733.7 ) Foreign currency translation adjustment — — 224.4 224.4 Net change in fair value of derivatives, net of tax (119.6 ) — — (119.6 ) Amounts reclassified to earnings of cash flow hedges, net of tax 15.7 — — 15.7 Pension and post-retirement benefit plans, net of tax — (8.1 ) — (8.1 ) OCI attributable to noncontrolling interests 60.8 3.7 (141.5 ) (77.0 ) Balances at December 31, 2016 274.9 (16.7 ) (956.5 ) (698.3 ) Foreign currency translation adjustment — — 823.4 823.4 Net change in fair value of derivatives, net of tax (381.7 ) — — (381.7 ) Amounts reclassified to earnings of cash flow hedges, net of tax 25.4 — — 25.4 Pension and post-retirement benefit plans, net of tax — 4.0 — 4.0 OCI attributable to noncontrolling interests 178.2 (2.6 ) (424.1 ) (248.5 ) Balances at December 31, 2017 $ 96.8 $ (15.3 ) $ (557.2 ) $ (475.7 ) The following table displays the reclassifications out of AOCI (in millions): Affected Line Item in the Amounts Reclassified from AOCI Details about AOCI Components Statements of Operations 2017 2016 2015 Gains (losses) on cash flow hedges: Interest rate derivative contracts Interest expense, net $ (31.0 ) $ (21.3 ) $ (12.0 ) Interest rate derivative contracts Other operating expenses (income), net — — (27.6 ) Forward-currency contracts Cost of sales (3.4 ) — 12.3 Total before tax (34.4 ) (21.3 ) (27.3 ) Income tax (expense) benefit 9.0 5.6 7.5 Net of tax $ (25.4 ) $ (15.7 ) $ (19.8 ) Defined benefit pension: Amortization of prior service credits (costs) SG&A (a) $ 2.8 $ 2.9 $ 2.9 Amortization of actuarial gains (losses) SG&A (a) (1.1 ) (0.4 ) (2.6 ) Total before tax 1.7 2.5 0.3 Income tax (expense) benefit (1.4 ) (0.9 ) — Net of tax $ 0.3 $ 1.6 $ 0.3 Total reclassifications Net of tax $ (25.1 ) $ (14.1 ) $ (19.5 ) (a) Refers to selling, general and administrative expenses in the consolidated statements of operations.

Share-based Compensation

Share-based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Share-based Compensation On January 30, 2015, our board of directors approved: (i) adoption of the Restaurant Brands International Inc. 2014 Omnibus Incentive Plan, currently the Amended and Restated 2014 Omnibus Incentive Plan, (the “Omnibus Plan”), to provide for the grant of awards to employees, directors, consultants and other persons who provide services to us and our subsidiaries; (ii) assumption and amendment of various legacy plans of BK, and assumption of the obligation for all BK stock options and restricted stock units (“RSUs”) outstanding; and (iii) assumption and amendment of various legacy plans of TH, and assumption of the obligation for each vested and unvested TH stock option issued with tandem stock appreciation rights (“SARs”) that was not surrendered in connection with the Tim Hortons transaction on the same terms and conditions of the original awards, as adjusted. No new awards may be granted under these legacy BK plans or legacy TH plans. We are currently issuing awards under the Omnibus Plan and the number of shares available for issuance under such plan as of December 31, 2017 was 4,073,767 . The Omnibus Plan permits the grant of several types of awards with respect to our common shares, including stock options, time-vested RSUs, and performance-based RSUs, which may include Company and/or individual performance based-vesting conditions. Under the terms of the Omnibus Plan, RSUs are entitled to dividend equivalents, unless otherwise noted. Dividends are not distributed unless the awards vest. Upon vesting, the amount of the dividend, which is distributed in additional RSUs, except in the case of RSUs awarded to non-management members of our board of directors, is equal to the equivalent of the aggregate dividends declared on common shares during the period from the date of grant of the award compounded until the date the shares underlying the award are delivered. Stock option awards are granted with an exercise price or market value equal to the closing price of our common shares on the trading day preceding the date of grant. We satisfy stock option exercises through the issuance of authorized but previously unissued common shares. New stock option grants generally cliff vest 5 years from the original grant date, provided the employee is continuously employed by us or one of our subsidiaries, and the stock options expire 10 years following the grant date. Additionally, if we terminate the employment of a stock option holder without cause prior to the vesting date, or if the employee retires or becomes disabled, the employee will become vested in the number of stock options as if the stock options vested 20% on each anniversary of the grant date. If the employee dies, the employee will become vested in the number of stock options as if the stock options vested 20% on the first anniversary of the grant date, 40% on the second anniversary of the grant date and 100% on the third anniversary of the grant date. If an employee is terminated with cause or resigns before vesting, all stock options are forfeited. If there is an event such as a return of capital or dividend that is determined to be dilutive, the exercise price of the awards will be adjusted accordingly. Share-based compensation expense consists of the following for the periods presented (in millions): 2017 2016 2015 Stock options, stock options with tandem SARs and RSUs (a) $ 48.3 $ 35.1 $ 50.8 Accelerated vesting of Popeyes stock options (b) 12.1 — — Total share-based compensation expense (c) $ 60.4 $ 35.1 $ 50.8 (a) Includes (i) $5.1 million due to accelerated vesting of awards due to terminations in 2015 and (ii) $5.0 million , $0.9 million , and $9.0 million due to modification of awards in 2017, 2016 and 2015, respectively. There was no accelerated vesting of awards due to terminations in 2017 and 2016. (b) Represents expense attributed to the post-combination service associated with the accelerated vesting of stock options in connection with the Popeyes Acquisition. (c) Generally classified as selling, general and administrative expenses in the consolidated statements of operations. As of December 31, 2017 , total unrecognized compensation cost related to share-based compensation arrangements was $104.0 million and is expected to be recognized over a weighted-average period of approximately 3.3 years . The following assumptions were used in the Black-Scholes option-pricing model to determine the fair value of stock option awards at the grant date: 2017 2016 2015 Risk-free interest rate 1.23% - 1.25% 0.85% 1.17% - 2.07% Expected term (in years) 6.74 6.74 3.53 - 7.35 Expected volatility 24.5% 26.6% 24.0% - 25.0% Expected dividend yield 1.37% 1.81% 1.00% - 1.09% The risk-free interest rate was based on the U.S. Treasury or Canadian Sovereign bond yield with a remaining term equal to the expected option life assumed at the date of grant. The expected term was calculated based on the analysis of a three to five -year vesting period coupled with our expectations of exercise activity. Expected volatility was based on a review of the equity volatilities of publicly-traded guideline companies. The expected dividend yield is based on the annual dividend yield at the time of grant. The following is a summary of stock option activity under our plans for the year ended December 31, 2017 : Total Number of Weighted Aggregate Weighted Outstanding at January 1, 2017 23,663 $ 17.89 Granted 2,453 $ 56.21 Exercised (5,212 ) $ 5.91 Forfeited (833 ) $ 37.11 Outstanding at December 31, 2017 20,071 $ 25.15 $ 729,242 5.7 Exercisable at December 31, 2017 7,825 $ 6.79 $ 427,967 3.2 Vested or expected to vest at December 31, 2017 18,816 $ 24.29 $ 699,670 5.5 (a) The intrinsic value represents the amount by which the fair value of our stock exceeds the option exercise price at December 31, 2017 . The weighted-average grant date fair value per stock option granted was $12.57 , $7.53 , and $10.12 during 2017 , 2016 and 2015 , respectively. The total intrinsic value of stock options exercised was $288.3 million during 2017 , $46.9 million during 2016 , and $40.3 million during 2015 . The total fair value for liability classified stock options with tandem SARs outstanding was $2.6 million and $5.0 million at December 31, 2017 and December 31, 2016 , respectively, and is classified within other liabilities, net in the consolidated balance sheets. During 2015, the Company modified a portion of these awards to remove the SAR feature and such SARs were cancelled as a result. The modification to remove the SARs resulted in a change in classification of the awards from liability to equity and a corresponding reclassification of $10.2 million from other liabilities, net to common shares in the consolidated balance sheets. As such, these modified awards are no longer being remeasured to fair value. Cash settlements of stock options with tandem SARs was $4.6 million in 2017 , $2.5 million in 2016 and $30.6 million in 2015 . The fair value of the time-vested RSUs and performance-based RSUs is based on the closing price of the Company’s common shares on the trading day preceding the date of grant. New grants generally cliff vest five years from the original grant date. The Company has awarded a limited number of performance-based RSUs that proportionally vest over a four year period. Time-vested RSUs and performance-based RSUs are expensed on a straight-line basis over the vesting period, based upon the probability that the performance target will be met. We grant fully vested RSUs, with dividend equivalent rights that accrue in cash, to non-employee members of our board of directors in lieu of a cash retainer and committee fees. All such RSUs will settle and common shares of the Company will be issued upon termination of service by the board member. The time-vested RSUs generally cliff vest five years from the December 31 st of the year preceding the grant date (the “Anniversary Date”). If the employee is terminated for any reason within the first two years of the Anniversary Date, 100% of the RSUs granted will be forfeited. If we terminate the employment of an RSU holder without cause two years after the Anniversary Date, or if the employee retires, the employee will become vested in the number of RSUs as if the RSUs vested 20% for each year after the Anniversary Date. An alternate ratable vesting schedule applies to the extent the participant ends employment by reason of death or disability. The following is a summary of time-vested RSUs and performance-based RSUs activity for the year ended December 31, 2017 : Time-vested RSUs Performance-based RSUs Total Number of Weighted Average Total Number of Weighted Average Outstanding at January 1, 2017 939 $ 29.03 1,550 $ 33.99 Granted 486 $ 56.54 100 $ 55.55 Vested and settled (19 ) $ 35.12 (78 ) $ 34.71 Dividend equivalents granted 12 $ 41.05 18 $ 36.12 Forfeited (125 ) $ 41.50 — $ — Outstanding at December 31, 2017 1,293 $ 38.64 1,590 $ 36.31 The total intrinsic value, determined as of the date of vesting, of RSUs vested and converted to common shares of the Company during 2017 and 2016 was $6.2 million and $3.3 million , respectively. There were no RSUs vested during 2015.

Franchise and Property Revenues

Franchise and Property Revenues	12 Months Ended
	Dec. 31, 2017
Other Industries [Abstract]
Franchise and Property Revenues	Franchise and Property Revenues Franchise and property revenues consist of the following (in millions): 2017 2016 2015 Franchise royalties $ 1,215.1 $ 993.5 $ 936.5 Property revenues 765.1 752.7 760.2 Franchise fees and other revenue 205.6 194.9 186.5 Franchise and property revenues $ 2,185.8 $ 1,941.1 $ 1,883.2 Refer to Note 10, Leases, for the components of property revenues.

Other Operating Expenses (Incom

Other Operating Expenses (Income), net	12 Months Ended
	Dec. 31, 2017
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): 2017 2016 2015 Net losses on disposal of assets, restaurant closures and refranchisings $ 28.6 $ 17.7 $ 22.0 Litigation settlements and reserves, net 2.1 1.6 1.3 Net losses on derivatives — — 37.3 Net losses (gains) on foreign exchange 77.3 (20.1 ) 46.7 Other, net 1.2 0.1 (1.8 ) Other operating expenses (income), net $ 109.2 $ (0.7 ) $ 105.5 Net losses (gains) on disposal of assets, restaurant closures and refranchisings represent sales of properties and other costs related to restaurant closures and refranchisings. Gains and losses recognized in the current period may reflect certain costs related to closures and refranchisings that occurred in previous periods. Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Letters of Credit As of December 31, 2017 , we had $18.0 million in irrevocable standby letters of credit outstanding, which were issued primarily to certain insurance carriers to guarantee payments of deductibles for various insurance programs, such as health and commercial liability insurance. Of these letters of credit outstanding, $4.6 million are secured by the collateral under our Revolving Credit Facility and the remainder are secured by cash collateral. As of December 31, 2017 , no amounts had been drawn on any of these irrevocable standby letters of credit. Purchase Commitments We have arrangements for information technology and telecommunication services with an aggregate contractual obligation of $61.2 million over the next five years , some of which have early termination fees. We also enter into commitments to purchase advertising. As of December 31, 2017 , these commitments totaled $223.7 million and run through 2024 . Litigation From time to time, we are involved in legal proceedings arising in the ordinary course of business relating to matters including, but not limited to, disputes with franchisees, suppliers, employees and customers, as well as disputes over our intellectual property. On June 19, 2017, a claim was filed in the Ontario Superior Court of Justice. The plaintiff, a franchisee of two Tim Hortons restaurants, seeks to certify a class of all persons who have carried on business as a Tim Hortons franchisee in Canada at any time after December 15, 2014. The claim alleges various causes of action against the defendants in relation to the purported misuse of amounts paid by members of the proposed class to the Tim Hortons Canada advertising fund (the “Ad Fund”). The plaintiff seeks to have the Ad Fund franchisee contributions held in trust for the benefit of members of the proposed class, an accounting of the Ad Fund, as well as damages for breach of contract, breach of trust, breach of the statutory duty of fair dealing, and breach of fiduciary duties. On October 6, 2017, a claim was filed in the Ontario Superior Court of Justice. The plaintiffs, two franchisees of Tim Hortons restaurants, seek to certify a class of all persons who have carried on business as a Tim Hortons franchisee at any time after March 8, 2017. The claim alleges various causes of action against the defendants in relation to the purported adverse treatment of member and potential member franchisees of the Great White North Franchisee Association. The plaintiffs seek damages for, among other things, breach of contract, breach of the statutory duty of fair dealing, and breach of the franchisees’ statutory right of association. While we believe the claims are without merit and we intend to vigorously defend against both lawsuits, we are unable to predict the ultimate outcome of these cases or estimate the range of possible loss, if any. New U.S. Office In November 2015, we entered into an agreement to lease a building in Miami, Florida, to replace our existing U.S. office beginning in 2018. The initial term of the lease is for 15 years with two 5 -year renewal options. The annual base rent steps up over the term of the lease from $1.8 million in the first year to $4.9 million in the final year.

Segment Reporting and Geographi

Segment Reporting and Geographical Information	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting and Geographical Information	Segment Reporting and Geographical Information As stated in Note 1, Description of Business and Organization , we manage three brands. Under the Tim Hortons brand, we operate in the donut/coffee/tea category of the quick service segment of the restaurant industry. Under the Burger King brand, we operate in the fast food hamburger restaurant category of the quick service segment of the restaurant industry. Under the Popeyes brand, we operate in the chicken category of the quick service segment of the restaurant industry. Our business generates revenue from the following sources: (i) franchise revenues, consisting primarily of royalties based on a percentage of sales reported by franchise restaurants and franchise fees paid by franchisees; (ii) property revenues from properties we lease or sublease to franchisees; and (iii) sales at restaurants owned by us (“Company restaurants”). In addition, our TH business generates revenue from sales to franchisees related to our supply chain operations, including manufacturing, procurement, warehousing and distribution, as well as sales to retailers. Each brand is managed by a brand president that reports directly to our Chief Executive Officer, who is our Chief Operating Decision Maker. Therefore, we have three operating segments: (1) TH, which includes all operations of our Tim Hortons brand, (2) BK, which includes all operations of our Burger King brand, and (3) PLK, which includes all operations of our Popeyes brand. Our three operating segments represent our reportable segments. The following tables present revenues, by segment and by country, depreciation and amortization, (income) loss from equity method investments, and capital expenditures by segment (in millions): 2017 2016 2015 Revenues by operating segment: TH $ 3,154.6 $ 3,001.4 $ 2,956.9 BK 1,219.2 1,144.4 1,095.3 PLK 202.3 — — Total $ 4,576.1 $ 4,145.8 $ 4,052.2 Revenues by country (a): Canada $ 2,832.2 $ 2,671.6 $ 2,623.2 United States 1,190.0 1,004.4 982.2 Other 553.9 469.8 446.8 Total $ 4,576.1 $ 4,145.8 $ 4,052.2 Depreciation and amortization: TH $ 109.2 $ 108.3 $ 121.4 BK 62.3 63.5 60.4 PLK 9.6 — — Total $ 181.1 $ 171.8 $ 181.8 (Income) loss from equity method investments: TH $ (7.9 ) $ (7.7 ) $ (7.9 ) BK (4.5 ) (12.5 ) 12.0 PLK — — — Total $ (12.4 ) $ (20.2 ) $ 4.1 Capital expenditures: TH $ 12.8 $ 11.8 $ 88.1 BK 22.6 21.9 27.2 PLK 1.3 — — Total $ 36.7 $ 33.7 $ 115.3 (a) Only Canada and the United States represented 10% or more of our total revenues in each period presented. Total assets by segment, and long-lived assets by segment and country are as follows (in millions): Assets Long-Lived Assets As of December 31, As of December 31, 2017 2016 2017 2016 By operating segment: TH $ 13,732.7 $ 13,417.5 $ 1,352.5 $ 1,354.0 BK 4,633.4 4,746.5 750.6 792.6 PLK 2,439.8 — 101.5 — Unallocated 417.6 960.9 — — Total $ 21,223.5 $ 19,124.9 $ 2,204.6 $ 2,146.6 By country: Canada $ 1,059.3 $ 1,034.5 United States 1,138.3 1,097.6 Other 7.0 14.5 Total $ 2,204.6 $ 2,146.6 Long-lived assets include property and equipment, net, and net investment in property leased to franchisees. Only Canada and the United States represented 10% or more of our total long-lived assets as of December 31, 2017 and December 31, 2016 . Our measure of segment income is Adjusted EBITDA. Adjusted EBITDA represents earnings (net income or loss) before interest expense, net, (gain) loss on early extinguishment of debt, income tax (benefit) expense, and depreciation and amortization, adjusted to exclude the non-cash impact of share-based compensation and non-cash incentive compensation expense and (income) loss from equity method investments, net of cash distributions received from equity method investments, as well as other operating expenses (income), net. Other specifically identified costs associated with non-recurring projects are also excluded from Adjusted EBITDA, including fees and expenses associated with the Popeyes Acquisition (“PLK Transaction costs”), Corporate restructuring and tax advisory fees related to the interpretation and implementation of the Tax Act, integration costs associated with the acquisition of Tim Hortons and TH transaction and restructuring costs. Adjusted EBITDA is used by management to measure operating performance of the business, excluding these non-cash and other specifically identified items that management believes are not relevant to management’s assessment of operating performance or the performance of an acquired business. A reconciliation of segment income to net income (loss) consists of the following (in millions). 2017 2016 2015 Segment income: TH $ 1,135.8 $ 1,072.3 $ 906.7 BK 903.1 815.9 759.5 PLK 106.9 — — Adjusted EBITDA 2,145.8 1,888.2 1,666.2 Share-based compensation and non-cash incentive compensation expense 54.9 42.0 51.8 Acquisition accounting impact on cost of sales — — 0.5 PLK Transaction costs 61.7 — — Corporate restructuring and tax advisory fees 1.9 — — Integration costs — 16.4 — TH transaction and restructuring costs — — 116.7 Impact of equity method investments (a) 1.1 (8.0 ) 17.7 Other operating expenses (income), net 109.2 (0.7 ) 105.5 EBITDA 1,917.0 1,838.5 1,374.0 Depreciation and amortization 181.1 171.8 181.8 Income from operations 1,735.9 1,666.7 1,192.2 Interest expense, net 512.2 466.9 478.3 Loss on early extinguishment of debt 122.0 — 40.0 Income tax expense (133.6 ) 243.9 162.2 Net income (loss) $ 1,235.3 $ 955.9 $ 511.7 (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.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) Summarized unaudited quarterly financial data (in millions, except per share data) was as follows: Quarters Ended March 31, June 30, September 30, December 31, 2017 2016 2017 2016 2017 2016 2017 2016 Revenues $ 1,000.6 $ 918.5 $ 1,132.7 $ 1,040.2 $ 1,208.6 $ 1,075.7 $ 1,234.2 $ 1,111.4 Income from operations $ 336.2 $ 330.6 $ 414.4 $ 424.0 $ 479.3 $ 420.5 $ 506.0 $ 491.6 Net income $ 166.6 $ 168.3 $ 243.5 $ 247.6 $ 246.8 $ 238.6 $ 578.4 $ 301.4 Basic earnings per share $ 0.21 $ 0.22 $ 0.38 $ 0.39 $ 0.39 $ 0.37 $ 1.64 $ 0.50 Diluted earnings per share $ 0.21 $ 0.21 $ 0.37 $ 0.38 $ 0.37 $ 0.36 $ 1.59 $ 0.50

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividends On January 3, 2018 , we paid a cash dividend of $0.21 per common share to common shareholders of record on December 15, 2017 . On such date, Partnership also made a distribution in respect of each Partnership exchangeable unit in the amount of $0.21 per exchangeable unit to holders of record on December 15, 2017 . On February 12, 2018 , our board of directors declared a cash dividend of $0.45 per common share for the first quarter of 2018. The dividend will be paid on April 2, 2018 , to common shareholders of record on March 15, 2018 . Partnership will also make a distribution in respect of each Partnership exchangeable unit in the amount of $0.45 per Partnership exchangeable unit, and the record date and payment date for distributions on Partnership exchangeable units are the same as the record date and payment date set forth above.

Significant Accounting Polici30

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) and related rules and regulations of the U.S. Securities and Exchange Commission 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.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include our accounts and the accounts of entities in which we have a controlling financial interest, the usual condition of which is ownership of a majority voting interest. All material intercompany balances and transactions have been eliminated in consolidation. Investments in other affiliates that are owned 50% or less where we have significant influence are accounted for by the equity method. We are the sole general partner of Partnership and, as such we have 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, subject to the terms of the partnership agreement of Partnership (“partnership agreement”) and applicable laws. As a result, we consolidate the results of Partnership and record a noncontrolling interest in our consolidated balance sheets and statements of operations with respect to the remaining economic interest in Partnership we do not hold. 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. Tim Hortons has historically entered into certain arrangements in which an operator acquires the right to operate a restaurant, but Tim Hortons owns the restaurant’s assets. In these arrangements, Tim Hortons has the ability to determine which operators manage the restaurants and for what duration. 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 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. As of December 31, 2017 and 2016, we determined that we are the primary beneficiary of 31 and 96 Restaurant VIEs, respectively, and accordingly, have consolidated the financial results of operations, assets and liabilities, and cash flows of these Restaurant VIEs in our consolidated financial statements. Material intercompany accounts and transactions have been eliminated in consolidation. Assets and liabilities related to consolidated VIEs are not significant to our total consolidated assets and liabilities. Liabilities recognized as a result of consolidating these VIEs do not necessarily represent additional claims on our general assets; rather, they represent claims against the specific assets of the consolidated VIEs. Conversely, assets recognized as a result of consolidating these VIEs do not represent additional assets that could be used to satisfy claims by our creditors as they are not legally included within our general assets.
Reclassifications	Reclassifications Certain prior year amounts in the accompanying consolidated financial statements and notes to the consolidated financial statements have been reclassified in order to be comparable with the current year classifications. These reclassifications had no effect on previously reported net income.
Foreign Currency Translation and Transaction Gains and Losses	Foreign Currency Translation and Transaction Gains and Losses Our functional currency is the U.S. dollar, since our term loan and senior secured notes are denominated in U.S. dollars, and the principal market for our common shares is the U.S. The functional currency of each of our operating subsidiaries is generally the currency of the economic environment in which the subsidiary primarily does business. Our foreign subsidiaries’ financial statements are translated into U.S. dollars using the foreign exchange rates applicable to the dates of the financial statements. Assets and liabilities are translated using the end-of-period spot foreign exchange rates. Income, expenses and cash flows are translated at the average foreign exchange rates for each period. Equity accounts are translated at historical foreign exchange rates. The effects of these translation adjustments are reported as a component of accumulated other comprehensive income (loss) (“AOCI”) in the consolidated statements of shareholders’ equity. For any transaction that is denominated in a currency different from the entity’s functional currency, we record a gain or loss based on the difference between the foreign exchange rate at the transaction date and the foreign exchange rate at the transaction settlement date (or rate at period end, if unsettled) which is included within other operating expenses (income), net in the consolidated statements of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents All highly liquid investments with original maturities of three months or less and credit card receivables are considered cash equivalents.
Inventories	Inventories Inventories are carried at the lower of cost or net realizable value and consist primarily of raw materials such as green coffee beans and finished goods such as new equipment, parts, paper supplies and restaurant food items. The moving average method is used to determine the cost of raw material and finished goods inventories held for sale to Tim Hortons franchisees.
Property and Equipment, net	Property and Equipment, net We record property and equipment at historical cost less accumulated depreciation and amortization, which is recognized using the straight-line method over the following estimated useful lives: (i) buildings and improvements – up to 40 years ; (ii) restaurant equipment – up to 17 years ; (iii) furniture, fixtures and other – up to 10 years ; (iv) manufacturing equipment – up to 25 years ; and (v) capital leases – up to 40 years or lease term. Leasehold improvements to properties where we are the lessee are amortized over the lesser of the remaining term of the lease or the estimated useful life of the improvement. We are considered to be the owner of certain restaurants leased from unrelated lessors because Tim Hortons constructed some of the structural elements of those restaurants. Accordingly, lessors’ contributions to the construction costs of these restaurants was recognized as other debt, and was $83.1 million and $83.2 million at December 31, 2017 and 2016, respectively. Major improvements are capitalized, while maintenance and repairs are expensed when incurred.
Leases	Leases We define lease term as the initial term of a lease plus any renewals covered by bargain renewal options or that are reasonably assured of exercise because non-renewal would create an economic penalty, plus any periods that the lessee has use of the property but is not charged rent by a landlord (rent holiday). We record rental income and rental expense for operating leases on a straight-line basis over the lease term, net of any applicable lease incentive amortization. Contingent rental income is recognized on an accrual basis as earned. Assets we acquire as lessee under capital leases are stated at the lower of the present value of future minimum lease payments or fair market value at the date of inception of the lease. Capital lease assets are depreciated using the straight-line method over the shorter of the useful life of the asset or the underlying lease term. We also have net investments in properties leased to franchisees, which meet the criteria of direct financing leases. Investments in direct financing leases are recorded on a net basis, consisting of the gross investment and residual value in the lease, less unearned income. Earned income on direct financing leases is recognized when earned and collectability is reasonably assured. Unearned income is recognized over the lease term yielding a constant periodic rate of return on the net investment in the lease. Direct financing leases are reviewed for impairment whenever events or circumstances indicate that the carrying amount of the asset may not be recoverable based on the payment history under the lease. We have recorded favorable and unfavorable operating leases in connection with the acquisition method of accounting. We amortize favorable and unfavorable leases on a straight-line basis over the remaining term of the leases, as determined at the acquisition date.
Goodwill and Intangible Assets Not Subject to Amortization	Goodwill and Intangible Assets Not Subject to Amortization Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed in connection with the acquisition of Popeyes in 2017, the acquisition of Tim Hortons in 2014 and the acquisition of Burger King Holdings, Inc. by 3G Capital Partners Ltd. Our indefinite-lived intangible assets consist of the Tim Hortons brand, the Burger King brand, and the Popeyes brand (each a “Brand” and together, the “Brands”). Goodwill and the Brands are tested for impairment at least annually as of October 1 of each year and more often if an event occurs or circumstances change which indicate impairment might exist. Our annual impairment tests of goodwill and the Brands may be completed through qualitative assessments. We may elect to bypass the qualitative assessment and proceed directly to a two-step quantitative impairment test for any reporting unit or Brand in any period. We can resume the qualitative assessment for any reporting unit or Brand in any subsequent period. Under a qualitative approach, our impairment review for goodwill consists of an assessment of whether it is more-likely-than-not that a reporting unit’s fair value is less than its carrying amount. If we elect to bypass the qualitative assessment for any reporting unit, or if a qualitative assessment indicates it is more-likely-than-not that the estimated carrying value of a reporting unit exceeds its fair value, we perform a two-step quantitative goodwill impairment test. The first step requires us to estimate the fair value of the reporting unit. If the fair value of the reporting unit is less than its carrying amount, the estimated fair value of the reporting unit is allocated to all its underlying assets and liabilities, including both recognized and unrecognized tangible and intangible assets, based on their fair value. If necessary, goodwill is then written down to its implied fair value. Under a qualitative approach, our impairment review for the Brands consists of an assessment of whether it is more-likely-than-not that a Brand’s fair value is less than its carrying amount. If we elect to bypass the qualitative assessment for either Brand, or if a qualitative assessment indicates it is more-likely-than-not that the estimated carrying value of a Brand exceeds its fair value, we estimate the fair value of the Brand and compare it to its carrying amount. If the carrying amount exceeds fair value, an impairment loss is recognized in an amount equal to that excess. We completed our impairment tests for goodwill and the Brands as of October 1, 2017, 2016 and 2015 and no impairment resulted.
Long-Lived Assets	Long-Lived Assets Long-lived assets, such as property and equipment and intangible assets subject to amortization, are tested for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Some of the events or changes in circumstances that would trigger an impairment review include, but are not limited to, bankruptcy proceedings or other significant financial distress of a lessee; significant negative industry or economic trends; knowledge of transactions involving the sale of similar property at amounts below the carrying value; or our expectation to dispose of long-lived assets before the end of their estimated useful lives. The impairment test for long-lived assets requires us to assess the recoverability of long-lived assets by comparing their net carrying value to the sum of undiscounted estimated future cash flows directly associated with and arising from use and eventual disposition of the assets. Long-lived assets are grouped for recognition and measurement of impairment at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. If the net carrying value of a group of long-lived assets exceeds the sum of related undiscounted estimated future cash flows, we record an impairment charge equal to the excess, if any, of the net carrying value over fair value.
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) Other comprehensive income (loss) (“OCI”) refers to revenues, expenses, gains and losses that are included in comprehensive income (loss), but are excluded from net income (loss) as these amounts are recorded directly as an adjustment to shareholders’ equity, net of tax. Our other comprehensive income (loss) is primarily comprised of unrealized gains and losses on foreign currency translation adjustments and unrealized gains and losses on hedging activity, net of tax.
Derivative Financial Instruments	Derivative Financial Instruments We recognize and measure all derivative instruments as either assets or liabilities at fair value in the consolidated balance sheets. We may enter into derivatives that are not initially designated as hedging instruments for accounting purposes, but which largely offset the economic impact of certain transactions. Gains or losses resulting from changes in the fair value of derivatives are recognized in earnings or recorded in other comprehensive income (loss) and recognized in the consolidated statements of operations when the hedged item affects earnings, depending on the purpose of the derivatives and whether they qualify for, and we have applied, hedge accounting treatment. The ineffective portion of gains or losses on derivatives is reported in current earnings. When applying hedge accounting, we designate at a derivative’s inception, the specific assets, liabilities or future commitments being hedged, and to assess the hedge’s effectiveness at inception and on an ongoing basis. We discontinue hedge accounting when: (i) we determine that the cash flow derivative is no longer effective in offsetting changes in the cash flows of a hedged item; (ii) the derivative expires or is sold, terminated or exercised; (iii) it is no longer probable that the forecasted transaction will occur; or (iv) management determines that designation of the derivatives as a hedge instrument is no longer appropriate. We do not enter into or hold derivatives for speculative purposes.
Disclosures about Fair Value	Disclosures about Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market, or if none exists, the most advantageous market, for the specific asset or liability at the measurement date (the exit price). The fair value is based on assumptions that market participants would use when pricing the asset or liability. The fair values are assigned a level within the fair value hierarchy, depending on the source of the inputs into the calculation, as follows: Level 1 Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The carrying amounts for cash and equivalents, accounts and notes receivable and accounts and drafts payable approximate fair value based on the short-term nature of these amounts. We carry all of our derivatives at fair value and value them using various pricing models or discounted cash flow analysis that incorporate observable market parameters, such as interest rate yield curves and currency rates, which are Level 2 inputs. Derivative valuations incorporate credit risk adjustments that are necessary to reflect the probability of default by the counterparty or us. For disclosures about the fair value measurements of our derivative instruments, see Note 12, Derivative Instruments . The fair value of variable rate term debt and senior notes is estimated using inputs based on bid and offer prices that are Level 2 inputs and was $12.0 billion and $8.8 billion at December 31, 2017 and 2016, respectively, compared to a principal carrying amount of $11.9 billion and $8.6 billion on the same dates. The determinations of fair values of certain tangible and intangible assets for purposes of the application of the acquisition method of accounting to the acquisition of Popeyes were based upon Level 3 inputs. The determination of fair values of our reporting units and the determination of the fair value of the Brands for impairment testing using a quantitative approach during 2017 and 2016 were based upon Level 3 inputs.
Revenue Recognition	Revenue Recognition Sales include supply chain sales and sales from Company restaurants, which are presented net of any related sales tax. Supply chain sales represent sales of products, supplies and restaurant equipment, other than equipment sales related to initial restaurant establishment or renovations that are shipped directly from our warehouses or by third-party distributors to restaurants or retailers, as well as sales to retailers. Revenues from supply chain sales are recognized upon delivery. Sales at Company restaurants (including Restaurant VIEs) represent restaurant-level sales to our guests and are recognized at the point of sale. Franchise and property revenues include franchise revenues, consisting primarily of royalties, initial and renewal franchise fees paid by franchisees, revenues derived from equipment sales at establishment of a restaurant and in connection with a restaurant renewal or renovation, property revenues from properties we lease or sublease to franchisees, and other franchise and property related fees. Royalties are based on a percentage of gross sales at franchise restaurants and are recognized when earned and collectability is reasonably assured. Initial franchise fees and equipment sales are recognized as revenue when the related restaurant begins operations and our completion of all material services and conditions. Fees collected in advance are deferred until earned. Renewal franchise fees are recognized as revenue upon receipt of the non-refundable fee and execution of a new franchise agreement. Upfront fees paid by franchisees in connection with development agreements are deferred when the development agreement includes a minimum number of restaurants to be opened by the franchisee. The deferred amounts are recognized as franchise fee revenue on a pro rata basis as the franchisee opens each respective restaurant. The cost recovery accounting method is used to recognize revenues for franchisees for which collectability is not reasonably assured.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are amortized over the term of the related debt agreement into interest expense using the effective interest method.
Advertising and Promotional Costs	Advertising and Promotional Costs Company restaurants and franchise restaurants contribute to advertising funds that our subsidiaries manage in the United States and Canada and certain other international markets. The advertising funds expense the production costs of advertising when the advertisements are first aired or displayed. All other advertising and promotional costs are expensed in the period incurred. Under our franchise agreements, advertising contributions received from franchisees must be spent on advertising, product development, marketing and related activities. Since we act as an agent for these specifically designated contributions, the revenues and expenses of the advertising funds are generally netted in our consolidated statements of operations. Advertising expense, which primarily consists of advertising contributions by Company restaurants (including Restaurant VIEs) based on a percentage of gross sales, totaled $7.4 million for 2017, $5.5 million for 2016, and $13.7 million for 2015 and is included in selling, general and administrative expenses in the accompanying consolidated statements of operations.
Income Taxes	Income Taxes Amounts in the financial statements related to income taxes are calculated using the principles of Accounting Standards Codification (“ASC”) 740, Income Taxes . Under these principles, deferred tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and the amounts recognized for tax purposes, as well as tax credit carry-forwards and loss carry-forwards. These deferred taxes are measured by applying currently enacted tax rates. A deferred tax asset is recognized when it is considered more-likely-than-not to be realized. The effects of changes in tax rates on deferred tax assets and liabilities are recognized in income in the year in which the law is enacted. A valuation allowance reduces deferred tax assets when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. We recognize positions taken or expected to be taken in a tax return in the financial statements when it is more-likely-than-not (i.e., a likelihood of more than 50%) that the position would be sustained upon examination by tax authorities. A recognized tax position is then measured at the largest amount of benefit with greater than 50% likelihood of being realized upon ultimate settlement. Translation gains and losses resulting from the remeasurement of foreign deferred tax assets or liabilities denominated in a currency other than the functional currency are classified as other operating expenses (income), net in the consolidated statements of operations.
Share-based Compensation	Share-based Compensation Compensation expense related to the issuance of share-based awards to our employees is measured at fair value on the grant date. We use the Black-Scholes option pricing model to value stock options. The compensation expense for awards that vest over a future service period is recognized over the requisite service period on a straight-line basis, adjusted for estimated forfeitures of awards that are not expected to vest. The compensation expense for awards that do not require future service is recognized immediately. Upon the end of the service period, compensation expense is adjusted to account for the actual forfeiture rate. Cash settled share-based awards are classified as liabilities and are re-measured at the end of each reporting period. The compensation expense for awards that contain performance conditions is recognized when it is probable that the performance conditions will be achieved.
Restructuring	Restructuring The determination of when we accrue for employee involuntary termination benefits depends on whether the termination benefits are provided under an on-going benefit arrangement or under a one-time benefit arrangement. We record charges for ongoing benefit arrangements in accordance with ASC 712, Nonretirement Postemployment Benefits . We record charges for one-time benefit arrangements in accordance with ASC 420, Exit or Disposal Cost Obligations .
New Accounting Pronouncements	New Accounting Pronouncements Revenue Recognition – In May 2014, the Financial Accounting Standards Board (the “FASB”) issued a new single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. In August 2015, the FASB deferred adoption of the new standard by one year. Several updates have been issued since to clarify the implementation guidance. The new guidance supersedes most current revenue recognition guidance, including industry-specific guidance, enhances revenue recognition disclosures, and is now effective commencing in 2018. The guidance allows for either a full retrospective or modified retrospective transition method. We will apply the modified retrospective transition method, which involves recording a cumulative adjustment for the impact of transitioning to the new guidance on the transition date. We have performed an analysis of the impact of the new revenue recognition guidance and implemented a comprehensive plan for the implementation. The project plan included analyzing the impact on our current revenue streams, comparing our historical accounting policies to the new guidance, and identifying potential differences from applying the requirements of the new guidance to our contracts. Under current accounting guidance, we recognize initial franchise fees when we have performed all material obligations and services, which generally occurs when the franchise restaurant opens. Under the new guidance, we will defer the initial and renewal franchise fees and recognize revenue over the term of the related franchise agreement. The new guidance will also change our reporting of advertising fund contributions from franchisees and the related advertising expenditures. Under the current guidance, we do not reflect advertising fund contributions from franchisees and advertising fund expenditures in our statements of operations. Furthermore, as of the balance sheet date, advertising fund contributions received may not equal advertising expenditures for the period due to the timing of promotions. To the extent that contributions received exceeded advertising expenditures, the excess contributions are treated as a deferred liability. To the extent that advertising expenditures temporarily exceeded advertising fund contributions, the difference is recorded as a receivable from the fund. Under the new guidance, advertising fund contributions from franchisees and advertising fund expenditures will be reported on a gross basis in our statements of operations and the related advertising fund revenues and expenses may be reported in different periods. Additionally, estimated breakage income on gift cards will be recognized as gift cards are utilized instead of our current policy of deferring the breakage income until it is deemed remote that the unused gift card balance will be redeemed. Finally, under the new guidance, we will record investments in equity method investees and recognize revenue associated with the establishment of master franchise entities in which we receive an equity interest in exchange for master franchise rights in an amount equal to the fair value of the equity interest received. This revenue will be deferred and recognized over the term of the master franchise agreement. Under previous guidance we did not record revenue or a basis in the equity interest received in these arrangements. This guidance will not materially impact our recognition of other forms of revenue. The new guidance will have no impact on the amount or timing of our cash flows. As a result of the impact of the new guidance, we will record a cumulative adjustment of $230.0 million to $290.0 million primarily related to franchise fee revenue for franchise agreements entered into or renewed subsequent to our acquisitions of Burger King in 2010, Tim Hortons in 2014 and Popeyes in 2017. The franchise fee revenue impact will be recognized over the remaining term of each franchise agreement. Pre-acquisition franchise fees associated with acquired franchise agreements will not impact the cumulative adjustment and will not be recognized in future periods. The cumulative adjustment will be recorded as a decrease to retained earnings and noncontrolling interests. Additionally, beginning in 2018, although the gross amounts of our revenues and expenses will be materially impacted by the recognition of franchisee contributions and related expenditures of advertising funds we manage, increases to gross revenues and expenses will not result in a material net impact to our statement of operations. If our statement of operations for the year ended December 31, 2017 reflected gross contributions from franchisees and expenditures of advertising funds we manage, contributions to advertising funds we manage would have increased our consolidated revenues by approximately 17% . Lease Accounting – In February 2016, the FASB issued new guidance on leases. The new guidance requires lessees to recognize on the balance sheet the assets and liabilities for the rights and obligations created by finance and operating leases with lease terms of more than 12 months, as well as enhanced disclosures. The amendment requires the recognition and measurement of leases at the beginning of the earliest period presented using a modified retrospective approach and is effective commencing in 2019. We expect this new guidance to cause a material increase to our assets and liabilities on our consolidated balance sheet since we have a significant number of operating lease arrangements for which we are the lessee. We are currently evaluating the impact that adoption of this guidance will have on our consolidated statements of operations. We do not expect the adoption of this new guidance to have a material impact on our cash flows and liquidity. Derivative Contract Novations on Existing Hedges – In March 2016, the FASB issued an accounting standards update that clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument under existing accounting guidance does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. We adopted this new guidance on a prospective basis on January 1, 2017. Adoption did not have an impact on our consolidated financial statements. Equity Method Accounting – In March 2016, the FASB issued an accounting standards update which eliminates the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in level of ownership interest or degree of influence. We adopted this new guidance on a prospective basis on January 1, 2017. Adoption did not have an impact on our consolidated financial statements. Employee Share-Based Payment Accounting – In March 2016, the FASB issued an accounting standards update to simplify several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures and statutory withholding requirements, as well as statement of cash flows presentation. The transition requirement is mostly modified retrospectively, with the exception of recognition of excess tax benefits and tax deficiencies which requires prospective adoption. We adopted this new guidance on January 1, 2017. The adoption of this new guidance resulted in an increase to our diluted weighted average shares outstanding, as well as recognition of excess tax benefits as a reduction in the provision for income taxes rather than an addition to common shares, as required by previous accounting guidance. The adoption of this new guidance resulted in a 6.4% reduction in our effective tax rate during 2017 . We will continue to estimate forfeitures instead of accounting for them as they occur as permitted by the new standard. The adoption of the other provisions of this new guidance did not have an impact on our consolidated financial statements. Classification of Certain Cash Receipts and Cash Payments – In August 2016, the FASB issued an accounting standards update to reduce the existing diversity in how certain cash receipts and cash payments are presented and classified in the statements of cash flows. The amendments are effective for 2018. The adoption of this new guidance will not have a material impact on our consolidated financial statements. Intra-Entity Transfers of Assets Other Than Inventory – In October 2016, the FASB issued guidance amending the accounting for income taxes. The new guidance requires the recognition of the income tax consequences of an intercompany asset transfer, other than transfers of inventory, when the transfer occurs. For intercompany transfers of inventory, the income tax effects will continue to be deferred until the inventory has been sold to a third party. The amendment is effective for 2018. The adoption of this new guidance will not have a material impact on our consolidated financial statements. Goodwill Impairment – In January 2017, the FASB issued guidance to simplify how an entity measures goodwill impairment by removing the second step of the two-step quantitative goodwill impairment test. An entity will no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured at the amount by which the carrying value exceeds the fair value of a reporting unit; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The amendment requires prospective adoption and is effective commencing in 2020 with early adoption permitted. Hedge Accounting – In August 2017, the FASB issued guidance to (1) improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities by better aligning the entity's financial reporting for hedging relationships with those risk management activities and (2) reduce the complexity of and simplify the application of hedge accounting by preparers. The amendment is effective commencing in 2019 with early adoption permitted. We are currently evaluating the impact that the adoption of this new guidance will have on our consolidated financial statements. Reclassification of Certain Tax Effects - In February 2018, the FASB issued guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for the tax effects of items within accumulated other comprehensive income resulting from recently enacted tax legislation. The amendment is effective commencing in 2019 with early adoption permitted. We are currently evaluating the impact that the adoption of this new guidance will have on our consolidated financial statements.

Popeyes Acquisition (Tables)

Popeyes Acquisition (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Schedule of Preliminary Allocation of Consideration to Net Tangible and Intangible Assets Acquired	The final allocation of consideration to the net tangible and intangible assets acquired is presented in the table below (in millions): March 27, 2017 Total current assets $ 64.4 Property and equipment 114.1 Intangible assets 1,405.2 Other assets 0.7 Total current liabilities (72.8 ) Total debt and capital lease obligations (159.0 ) Deferred income taxes (523.2 ) Other liabilities (20.5 ) Total identifiable net assets 808.9 Goodwill 845.8 Total consideration $ 1,654.7
Schedule of Adjustments to Net Assets	The adjustments to the preliminary estimate of net assets acquired initially disclosed during the period ended March 31, 2017 resulted in a corresponding $232.5 million 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: Property and equipment $ (17.6 ) Intangible assets (385.2 ) Total current liabilities (1.9 ) Deferred income taxes 164.9 Other liabilities 7.3 Total decrease in goodwill $ (232.5 )

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The following table summarizes the basic and diluted earnings per share calculations (in millions, except per share amounts): 2017 2016 2015 Numerator: Net income attributable to common shareholders - basic $ 626.1 $ 345.6 $ 103.9 Add: Net income attributable to noncontrolling interests 585.1 336.8 133.2 Net income available to common shareholders and noncontrolling interests - diluted $ 1,211.2 $ 682.4 $ 237.1 Denominator: Weighted average common shares - basic 237.0 232.9 203.5 Exchange of noncontrolling interests for common shares (Note 14) 225.5 227.8 263.5 Effect of other dilutive securities 14.9 9.3 9.0 Weighted average common shares - diluted 477.4 470.0 476.0 Basic earnings per share $ 2.64 $ 1.48 $ 0.51 Diluted earnings per share $ 2.54 $ 1.45 $ 0.50 Anti-dilutive securities outstanding 3.7 5.7 5.0

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment, Net	Property and equipment, net, consist of the following (in millions): As of December 31, 2017 2016 Land $ 1,020.3 $ 957.2 Buildings and improvements 1,171.7 1,089.4 Restaurant equipment 122.2 109.3 Furniture, fixtures, and other 170.7 147.8 Capital leases 256.6 210.3 Construction in progress 15.1 15.2 2,756.6 2,529.2 Accumulated depreciation and amortization (623.3 ) (474.5 ) Property and equipment, net $ 2,133.3 $ 2,054.7

Intangible Assets, net and Go34

Intangible Assets, net and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2017
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 December 31, 2017 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Identifiable assets subject to amortization: Franchise agreements $ 724.7 $ (168.0 ) $ 556.7 $ 655.1 $ (132.4 ) $ 522.7 Favorable leases 455.7 (193.7 ) 262.0 436.0 (149.7 ) 286.3 Subtotal 1,180.4 (361.7 ) 818.7 1,091.1 (282.1 ) 809.0 Indefinite lived intangible assets: Tim Hortons brand $ 6,727.1 $ — $ 6,727.1 $ 6,341.6 $ — $ 6,341.6 Burger King brand 2,161.5 — 2,161.5 2,077.4 — 2,077.4 Popeyes brand 1,354.9 — 1,354.9 — — — Subtotal 10,243.5 — 10,243.5 8,419.0 — 8,419.0 Intangible assets, net $ 11,062.2 $ 9,228.0 Goodwill Tim Hortons segment $ 4,325.8 $ 4,087.8 Burger King segment 610.7 587.3 Popeyes segment 845.8 — Total $ 5,782.3 $ 4,675.1
Schedule of Estimated Future Amortization Expenses on Intangible Assets	As of December 31, 2017 , the estimated future amortization expense on identifiable assets subject to amortization is as follows (in millions): Twelve-months ended December 31, Amount 2018 $ 66.9 2019 63.7 2020 59.0 2021 54.3 2022 50.5 Thereafter 524.3 Total $ 818.7

Equity Method Investments (Tabl

Equity Method Investments (Tables)	12 Months Ended
	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Summary of Equity Method Investment	Select information about our most significant equity method investments, based on the carrying value as of December 31, 2017 , is as follows: Entity Country Equity Interest TIMWEN Partnership Canada 50.0% Carrols Restaurant Group, Inc. United States 20.7% Pangaea Foods (China) Holdings, Ltd. China 27.5%
Summary of Franchise and Property Revenue	Franchise and property revenue recognized from franchisees that are owned or franchised by entities in which we have an equity interest consist of the following (in millions): 2017 2016 2015 Revenues from affiliates: Franchise royalties $ 175.2 $ 131.7 $ 93.2 Property revenues 26.7 27.8 27.7 Franchise fees and other revenue 25.7 19.6 13.1 Total $ 227.6 $ 179.1 $ 134.0

Other Accrued Liabilities and36

Other Accrued Liabilities and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Schedule of Other Accrued Liabilities (Current) and Other Liabilities (Non-Current), Net	Other accrued liabilities (current) and other liabilities, net (non-current) consist of the following (in millions): As of December 31, 2017 2016 Current: Taxes payable $ 401.0 $ 43.3 Dividend payable 96.9 146.1 Interest payable 88.6 63.3 Accrued compensation and benefits 66.6 60.5 Deferred income 42.9 54.7 Closed property reserve 10.8 11.0 Restructuring and other provisions 12.0 9.1 Other 119.4 81.3 Other accrued liabilities $ 838.2 $ 469.3 Non-current: Derivatives liabilities $ 498.5 $ 55.1 Taxes payable 495.6 252.2 Unfavorable leases 251.8 275.8 Accrued pension 72.0 82.9 Accrued lease straight-lining liability 46.4 29.9 Deferred income 37.4 27.1 Other 53.4 61.9 Other liabilities, net $ 1,455.1 $ 784.9

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consist of the following (in millions): As of December 31, 2017 2016 Term Loan Facility (due February 17, 2024) $ 6,388.7 $ 5,046.1 2017 4.25% Senior Notes (due May 15, 2024) 1,500.0 — 2015 4.625% Senior Notes (due January 15, 2022) 1,250.0 1,250.0 2017 5.00% Senior Notes (due October 15, 2025) 2,800.0 — 2014 6.00% Senior Notes (due April 1, 2022) — 2,250.0 Other (a) 89.1 126.0 Less: unamortized deferred financing costs and deferred issuance discount (170.1 ) (187.1 ) Total debt, net 11,857.7 8,485.0 Less: current maturities of debt (56.8 ) (74.8 ) Total long-term debt $ 11,800.9 $ 8,410.2 (a) $35.6 million of Tim Hortons Series 1 notes were repaid on June 1, 2017, the original maturity date.
Summary of Aggregate Maturities of Long-Term Debt	The aggregate maturities of our long-term debt as of December 31, 2017 are as follows (in millions): Year Ended December 31, Principal Amount 2018 $ 56.8 2019 73.8 2020 71.0 2021 71.0 2022 1,320.9 Thereafter 10,434.3 Total $ 12,027.8
Schedule of Interest Expense, Net	Interest expense, net consists of the following (in millions): 2017 2016 2015 Debt $ 484.5 $ 412.2 $ 426.8 Capital lease obligations 21.4 19.9 20.8 Amortization of deferred financing costs and debt issuance discount 32.7 38.9 34.9 Interest income (26.4 ) (4.1 ) (4.2 ) Interest expense, net $ 512.2 $ 466.9 $ 478.3

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Summary of Assets Lease, Property and Equipment, Net	Assets leased to franchisees and others under operating leases where we are the lessor and which are included within our property and equipment, net are as follows (in millions): As of December 31, 2017 2016 Land $ 930.7 $ 893.9 Buildings and improvements 1,215.5 1,112.9 Restaurant equipment 17.5 14.7 2,163.7 2,021.5 Accumulated depreciation and amortization (407.4 ) (312.5 ) Property and equipment leased, net $ 1,756.3 $ 1,709.0
Summary of Net Investment, Direct Financing Leases	Our net investment in direct financing leases is as follows (in millions): As of December 31, 2017 2016 Future rents to be received: Future minimum lease receipts $ 77.5 $ 96.3 Contingent rents (a) 39.6 51.2 Estimated unguaranteed residual value 17.1 18.9 Unearned income (45.4 ) (56.5 ) Allowance on direct financing leases (0.2 ) (0.2 ) 88.6 109.7 Current portion included within accounts receivables (17.3 ) (17.8 ) Net investment in property leased to franchisees $ 71.3 $ 91.9 (a) Amounts represent estimated contingent rents recorded in connection with the acquisition method of accounting.
Summary of Property Revenue	Property revenues are comprised primarily of rental income from operating leases and earned income on direct financing leases with franchisees as follows (in millions): 2017 2016 2015 Rental income: Minimum $ 466.0 $ 452.8 $ 453.9 Contingent 283.8 282.5 281.7 Amortization of favorable and unfavorable income lease contracts, net 8.3 8.5 11.0 Total rental income 758.1 743.8 746.6 Earned income on direct financing leases 7.0 8.9 13.6 Total property revenues $ 765.1 $ 752.7 $ 760.2
Summary of Rent Expense Associated with Lease Commitments	Rent expense associated with these lease commitments is as follows (in millions): 2017 2016 2015 Rental expense: Minimum $ 198.1 $ 193.5 $ 199.5 Contingent 71.1 70.6 73.1 Amortization of favorable and unfavorable payable lease contracts, net 9.7 9.2 10.1 Total rental expense (a) $ 278.9 $ 273.3 $ 282.7 (a) Amounts include rental expense related to properties subleased to franchisees of $262.8 million for 2017, $253.9 million for 2016, and $267.0 million for 2015.
Summary of Future Minimum Lease Receipts and Commitments	As of December 31, 2017 , future minimum lease receipts and commitments are as follows (in millions): Lease Receipts Lease Commitments (a) Direct Operating Capital Operating 2018 $ 18.1 $ 360.3 $ 39.7 $ 182.9 2019 14.3 323.7 36.4 167.6 2020 9.6 288.6 34.3 154.7 2021 6.8 256.3 32.9 138.8 2022 5.4 226.2 32.1 125.5 Thereafter 23.3 1,327.7 232.8 837.5 Total minimum receipts / payments $ 77.5 $ 2,782.8 408.2 $ 1,607.0 Less amount representing interest (143.0 ) Present value of minimum capital lease payments 265.2 Current portion of capital lease obligation (21.4 ) Long-term portion of capital lease obligation $ 243.8 (a) Minimum lease payments have not been reduced by minimum sublease rentals of $1,833.5 million due in the future under non-cancelable subleases.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income (Loss) Before Income Taxes	Income (loss) before income taxes, classified by source of income (loss), is as follows (in millions): 2017 2016 2015 Canadian $ 1,223.6 $ 1,050.1 $ 546.9 Foreign (121.9 ) 149.7 127.0 Income before income taxes $ 1,101.7 $ 1,199.8 $ 673.9
Income Tax Expense (Benefit) Attributable to Income from Continuing Operations	Income tax (benefit) expense attributable to income from continuing operations consists of the following (in millions): 2017 2016 2015 Current: Canadian $ 438.1 $ 78.6 $ 107.2 U.S. Federal 113.2 45.4 46.1 U.S. state, net of federal income tax benefit 3.0 1.5 4.1 Other Foreign 54.5 38.3 37.1 $ 608.8 $ 163.8 $ 194.5 Deferred: Canadian $ (301.8 ) $ 49.0 $ (48.1 ) U.S. Federal (473.3 ) 37.0 21.0 U.S. state, net of federal income tax benefit 34.3 (6.9 ) (7.5 ) Other Foreign (1.6 ) 1.0 2.3 $ (742.4 ) $ 80.1 $ (32.3 ) Income tax (benefit) expense $ (133.6 ) $ 243.9 $ 162.2
Schedule of Statutory Rate Reconciles to Effective Income Tax Rate	The statutory rate reconciles to the effective income tax rate as follows: 2017 2016 2015 Statutory rate 26.5 % 26.5 % 26.5 % Costs and taxes related to foreign operations 9.9 9.6 16.7 Foreign exchange gain (loss) (7.7 ) 0.1 (1.9 ) Foreign tax rate differential (1.9 ) (1.0 ) (5.4 ) Change in valuation allowance 12.0 0.2 4.7 Change in accrual for tax uncertainties (0.4 ) 1.0 0.7 Deductible FTC (1.0 ) — — Intercompany financing (19.5 ) (16.0 ) (20.2 ) Impact of Tax Act (27.4 ) — — Benefit from stock option exercises (4.9 ) — — Other 2.3 (0.1 ) 3.0 Effective income tax rate (12.1 )% 20.3 % 24.1 %
Schedule of Income Tax Expense (Benefit) Allocated to Continuing Operations and Amounts Separately Allocated to Other Items	Income tax (benefit) expense allocated to continuing operations and amounts separately allocated to other items was (in millions): 2017 2016 2015 Income tax (benefit) expense from continuing operations $ (133.6 ) $ 243.9 $ 162.2 Cash flow hedge in accumulated other comprehensive income (loss) 5.1 (1.6 ) (21.5 ) Net investment hedge in accumulated other comprehensive income (loss) (12.8 ) 12.3 111.7 Pension liability in accumulated other comprehensive income (loss) (2.0 ) (1.6 ) (7.0 ) Stock option tax benefit in common shares — (8.6 ) (0.5 ) Total $ (143.3 ) $ 244.4 $ 244.9
Schedule of Deferred Income Tax Expense (Benefit) Attributable to Income from Continuing Operations	The significant components of deferred income tax (benefit) expense attributable to income from continuing operations are as follows (in millions): 2017 2016 2015 Deferred income tax (benefit) expense $ (449.3 ) $ 77.6 $ (51.9 ) Change in valuation allowance 132.7 2.1 31.8 Change in effective U.S. federal income tax rate (432.9 ) — — Change in effective U.S. state income tax rate 3.6 (2.9 ) (7.2 ) Change in effective foreign income tax rate 3.5 3.3 (5.0 ) Total $ (742.4 ) $ 80.1 $ (32.3 )
Schedule of the Deferred Tax Assets and Deferred Tax Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (in millions): As of December 31, 2017 2016 Deferred tax assets: Accounts and notes receivable $ 5.2 $ 6.7 Accrued employee benefits 48.7 67.9 Unfavorable leases 146.1 153.8 Liabilities not currently deductible for tax 73.8 42.4 Tax loss and credit carryforwards 549.8 231.3 Derivatives 135.8 — Other 0.4 17.2 Total gross deferred tax assets 959.8 519.3 Valuation allowance (281.5 ) (132.9 ) Net deferred tax assets 678.3 386.4 Less deferred tax liabilities: Property and equipment, principally due to differences in depreciation 33.3 64.8 Intangible assets 1,790.9 1,723.8 Leases 128.6 150.9 Statutory impairment 26.4 23.5 Derivatives — 25.4 Outside basis difference 67.6 102.9 Total gross deferred tax liabilities 2,046.8 2,091.3 Net deferred tax liability $ 1,368.5 $ 1,704.9
Summary of Changes in Valuation Allowance	Changes in the valuation allowance are as follows (in millions): 2017 2016 2015 Beginning balance $ 132.9 $ 124.6 $ 68.8 Additions due to acquisition 9.4 — — Change in estimates recorded to deferred income tax expense 132.7 2.1 31.8 Expiration of foreign tax credits and capital losses — — (3.2 ) Changes from foreign currency exchange rates 5.5 (0.7 ) (8.2 ) True-ups from changes in losses and credits 0.8 6.9 35.4 Additions related to other comprehensive income 0.2 — — Ending balance $ 281.5 $ 132.9 $ 124.6
Summary of Amount and Expiration Dates of Operating Loss and Tax Credit Carry-forwards	The gross amount and expiration dates of operating loss and tax credit carry-forwards as of December 31, 2017 are as follows (in millions): Amount Expiration Date Canadian net operating loss carryforwards $ 1,161.2 2032-2037 Canadian capital loss carryforwards 893.0 Indefinite U.S. state net operating loss carryforwards 676.7 2018-2037 U.S. capital loss carryforwards 58.2 2018 U.S. foreign tax credits 24.5 2019-2026 Other foreign net operating loss carryforwards 219.6 Indefinite Other foreign net operating loss carryforwards 9.0 2023-2026 Other foreign capital loss carryforward 31.8 Indefinite Foreign credits 1.8 2023-2036 Total $ 3,075.8
A Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in millions): 2017 2016 2015 Beginning balance $ 240.6 $ 238.6 $ 41.6 Additions on tax position related to the current year 186.3 2.0 0.8 Additions for tax positions of prior years 41.2 6.2 4.3 Additions for tax positions taken in conjunction with acquisition of Tim Hortons 1.8 — 202.5 Reductions for tax positions of prior year (0.2 ) (1.0 ) (2.8 ) Reductions for settlement (1.7 ) (4.6 ) (7.4 ) Reductions due to statute expiration (7.0 ) (0.6 ) (0.4 ) Ending balance $ 461.0 $ 240.6 $ 238.6

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Quantitative Disclosures of Derivative Instruments	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 consolidated balance sheets (in millions): Gain (Loss) Recognized in Other Comprehensive Income (Loss) (Effective Portion) 2017 2016 2015 Derivatives designated as cash flow hedges: Forward-starting interest rate swaps $ (5.5 ) $ (22.7 ) $ (128.2 ) Forward-currency contracts $ (9.4 ) $ (4.8 ) $ 18.2 Derivatives designated as net investment hedges: Cross-currency rate swaps $ (383.5 ) $ (87.0 ) $ 798.5 Affected Line Item in Statements of Operations Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) 2017 2016 2015 Interest expense, net $ (31.0 ) $ (21.3 ) $ (12.0 ) Other operating expenses (income), net $ — $ — $ (27.6 ) Cost of sales $ (3.4 ) $ — $ 12.3 Gain (Loss) Recognized in Other Operating Expenses (Income), net 2017 2016 2015 Derivatives not designated as hedging instruments: Interest rate swaps $ — $ — $ (12.4 ) Cross-currency rate swaps $ — $ — $ 4.3 Ineffectiveness of cash flow hedges: Interest rate swaps $ — $ — $ (1.6 )
Summary of Fair Value Measurements	Fair Value as of December 31, 2017 2016 Balance Sheet Location Assets: Derivatives designated as cash flow hedges: Foreign currency $ 0.5 $ 2.8 Prepaids and other current assets Derivatives designated as net investment hedges: Foreign currency — 717.9 Derivative assets Total assets at fair value $ 0.5 $ 720.7 Liabilities: Derivatives designated as cash flow hedges: Interest rate $ 42.1 $ 55.1 Other liabilities, net Foreign currency 5.1 1.1 Other accrued liabilities Derivatives designated as net investment hedges: Foreign currency 456.4 — Other liabilities, net Total liabilities at fair value $ 503.6 $ 56.2

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Summary of Change in Components of AOCI	The following table displays the change in the components of AOCI (in millions): Derivatives Pensions Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) Balances at December 31, 2014 $ 4.7 $ (4.5 ) $ (108.0 ) $ (107.8 ) Foreign currency translation adjustment — — (1,830.8 ) (1,830.8 ) Net change in fair value of derivatives, net of tax 605.8 — — 605.8 Amounts reclassified to earnings of cash flow hedges, net of tax 19.8 — — 19.8 Pension and post-retirement benefit plans, net of tax — (14.1 ) — (14.1 ) OCI attributable to noncontrolling interests (312.3 ) 6.3 899.4 593.4 Balances at December 31, 2015 318.0 (12.3 ) (1,039.4 ) (733.7 ) Foreign currency translation adjustment — — 224.4 224.4 Net change in fair value of derivatives, net of tax (119.6 ) — — (119.6 ) Amounts reclassified to earnings of cash flow hedges, net of tax 15.7 — — 15.7 Pension and post-retirement benefit plans, net of tax — (8.1 ) — (8.1 ) OCI attributable to noncontrolling interests 60.8 3.7 (141.5 ) (77.0 ) Balances at December 31, 2016 274.9 (16.7 ) (956.5 ) (698.3 ) Foreign currency translation adjustment — — 823.4 823.4 Net change in fair value of derivatives, net of tax (381.7 ) — — (381.7 ) Amounts reclassified to earnings of cash flow hedges, net of tax 25.4 — — 25.4 Pension and post-retirement benefit plans, net of tax — 4.0 — 4.0 OCI attributable to noncontrolling interests 178.2 (2.6 ) (424.1 ) (248.5 ) Balances at December 31, 2017 $ 96.8 $ (15.3 ) $ (557.2 ) $ (475.7 )
Reclassifications Out of AOCI	The following table displays the reclassifications out of AOCI (in millions): Affected Line Item in the Amounts Reclassified from AOCI Details about AOCI Components Statements of Operations 2017 2016 2015 Gains (losses) on cash flow hedges: Interest rate derivative contracts Interest expense, net $ (31.0 ) $ (21.3 ) $ (12.0 ) Interest rate derivative contracts Other operating expenses (income), net — — (27.6 ) Forward-currency contracts Cost of sales (3.4 ) — 12.3 Total before tax (34.4 ) (21.3 ) (27.3 ) Income tax (expense) benefit 9.0 5.6 7.5 Net of tax $ (25.4 ) $ (15.7 ) $ (19.8 ) Defined benefit pension: Amortization of prior service credits (costs) SG&A (a) $ 2.8 $ 2.9 $ 2.9 Amortization of actuarial gains (losses) SG&A (a) (1.1 ) (0.4 ) (2.6 ) Total before tax 1.7 2.5 0.3 Income tax (expense) benefit (1.4 ) (0.9 ) — Net of tax $ 0.3 $ 1.6 $ 0.3 Total reclassifications Net of tax $ (25.1 ) $ (14.1 ) $ (19.5 ) (a) Refers to selling, general and administrative expenses in the consolidated statements of operations.

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Share-based Compensation Expense	Share-based compensation expense consists of the following for the periods presented (in millions): 2017 2016 2015 Stock options, stock options with tandem SARs and RSUs (a) $ 48.3 $ 35.1 $ 50.8 Accelerated vesting of Popeyes stock options (b) 12.1 — — Total share-based compensation expense (c) $ 60.4 $ 35.1 $ 50.8 (a) Includes (i) $5.1 million due to accelerated vesting of awards due to terminations in 2015 and (ii) $5.0 million , $0.9 million , and $9.0 million due to modification of awards in 2017, 2016 and 2015, respectively. There was no accelerated vesting of awards due to terminations in 2017 and 2016. (b) Represents expense attributed to the post-combination service associated with the accelerated vesting of stock options in connection with the Popeyes Acquisition. (c) Generally classified as selling, general and administrative expenses in the consolidated statements of operations.
Summary of the Significant Assumptions Used During the Year to Estimate the Fair Value of Stock Options	The following assumptions were used in the Black-Scholes option-pricing model to determine the fair value of stock option awards at the grant date: 2017 2016 2015 Risk-free interest rate 1.23% - 1.25% 0.85% 1.17% - 2.07% Expected term (in years) 6.74 6.74 3.53 - 7.35 Expected volatility 24.5% 26.6% 24.0% - 25.0% Expected dividend yield 1.37% 1.81% 1.00% - 1.09%
Summary of Option Activity under the Various Plan	The following is a summary of stock option activity under our plans for the year ended December 31, 2017 : Total Number of Weighted Aggregate Weighted Outstanding at January 1, 2017 23,663 $ 17.89 Granted 2,453 $ 56.21 Exercised (5,212 ) $ 5.91 Forfeited (833 ) $ 37.11 Outstanding at December 31, 2017 20,071 $ 25.15 $ 729,242 5.7 Exercisable at December 31, 2017 7,825 $ 6.79 $ 427,967 3.2 Vested or expected to vest at December 31, 2017 18,816 $ 24.29 $ 699,670 5.5 (a) The intrinsic value represents the amount by which the fair value of our stock exceeds the option exercise price at December 31, 2017 .
Summary of Time-Vested RSUs and Performance-Based RSUs Activity	The following is a summary of time-vested RSUs and performance-based RSUs activity for the year ended December 31, 2017 : Time-vested RSUs Performance-based RSUs Total Number of Weighted Average Total Number of Weighted Average Outstanding at January 1, 2017 939 $ 29.03 1,550 $ 33.99 Granted 486 $ 56.54 100 $ 55.55 Vested and settled (19 ) $ 35.12 (78 ) $ 34.71 Dividend equivalents granted 12 $ 41.05 18 $ 36.12 Forfeited (125 ) $ 41.50 — $ — Outstanding at December 31, 2017 1,293 $ 38.64 1,590 $ 36.31

Franchise and Property Revenu43

Franchise and Property Revenues (Tables)	12 Months Ended
	Dec. 31, 2017
Other Industries [Abstract]
Summary of Franchise and Property Revenues	Franchise and property revenues consist of the following (in millions): 2017 2016 2015 Franchise royalties $ 1,215.1 $ 993.5 $ 936.5 Property revenues 765.1 752.7 760.2 Franchise fees and other revenue 205.6 194.9 186.5 Franchise and property revenues $ 2,185.8 $ 1,941.1 $ 1,883.2

Other Operating Expenses (Inc44

Other Operating Expenses (Income), net (Tables)	12 Months Ended
	Dec. 31, 2017
Other Income and Expenses [Abstract]
Other Operating Expenses (Income), Net	Other operating expenses (income), net, consist of the following (in millions): 2017 2016 2015 Net losses on disposal of assets, restaurant closures and refranchisings $ 28.6 $ 17.7 $ 22.0 Litigation settlements and reserves, net 2.1 1.6 1.3 Net losses on derivatives — — 37.3 Net losses (gains) on foreign exchange 77.3 (20.1 ) 46.7 Other, net 1.2 0.1 (1.8 ) Other operating expenses (income), net $ 109.2 $ (0.7 ) $ 105.5

Segment Reporting and Geograp45

Segment Reporting and Geographical Information (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Revenues by Operating Segment and Country	(a) Only Canada and the United States represented 10% or more of our total revenues in each period presented. The following tables present revenues, by segment and by country, depreciation and amortization, (income) loss from equity method investments, and capital expenditures by segment (in millions): 2017 2016 2015 Revenues by operating segment: TH $ 3,154.6 $ 3,001.4 $ 2,956.9 BK 1,219.2 1,144.4 1,095.3 PLK 202.3 — — Total $ 4,576.1 $ 4,145.8 $ 4,052.2 Revenues by country (a): Canada $ 2,832.2 $ 2,671.6 $ 2,623.2 United States 1,190.0 1,004.4 982.2 Other 553.9 469.8 446.8 Total $ 4,576.1 $ 4,145.8 $ 4,052.2
Depreciation and Amortization Expense	Depreciation and amortization: TH $ 109.2 $ 108.3 $ 121.4 BK 62.3 63.5 60.4 PLK 9.6 — — Total $ 181.1 $ 171.8 $ 181.8
(Income) Loss from Equity Method Investments	(Income) loss from equity method investments: TH $ (7.9 ) $ (7.7 ) $ (7.9 ) BK (4.5 ) (12.5 ) 12.0 PLK — — — Total $ (12.4 ) $ (20.2 ) $ 4.1
Capital Expenditure	Capital expenditures: TH $ 12.8 $ 11.8 $ 88.1 BK 22.6 21.9 27.2 PLK 1.3 — — Total $ 36.7 $ 33.7 $ 115.3
Schedule of Segment Related Assets and Long Lived Assets	Total assets by segment, and long-lived assets by segment and country are as follows (in millions): Assets Long-Lived Assets As of December 31, As of December 31, 2017 2016 2017 2016 By operating segment: TH $ 13,732.7 $ 13,417.5 $ 1,352.5 $ 1,354.0 BK 4,633.4 4,746.5 750.6 792.6 PLK 2,439.8 — 101.5 — Unallocated 417.6 960.9 — — Total $ 21,223.5 $ 19,124.9 $ 2,204.6 $ 2,146.6 By country: Canada $ 1,059.3 $ 1,034.5 United States 1,138.3 1,097.6 Other 7.0 14.5 Total $ 2,204.6 $ 2,146.6
Reconciliation of Segment Income to Net Income (Loss)	2017 2016 2015 Segment income: TH $ 1,135.8 $ 1,072.3 $ 906.7 BK 903.1 815.9 759.5 PLK 106.9 — — Adjusted EBITDA 2,145.8 1,888.2 1,666.2 Share-based compensation and non-cash incentive compensation expense 54.9 42.0 51.8 Acquisition accounting impact on cost of sales — — 0.5 PLK Transaction costs 61.7 — — Corporate restructuring and tax advisory fees 1.9 — — Integration costs — 16.4 — TH transaction and restructuring costs — — 116.7 Impact of equity method investments (a) 1.1 (8.0 ) 17.7 Other operating expenses (income), net 109.2 (0.7 ) 105.5 EBITDA 1,917.0 1,838.5 1,374.0 Depreciation and amortization 181.1 171.8 181.8 Income from operations 1,735.9 1,666.7 1,192.2 Interest expense, net 512.2 466.9 478.3 Loss on early extinguishment of debt 122.0 — 40.0 Income tax expense (133.6 ) 243.9 162.2 Net income (loss) $ 1,235.3 $ 955.9 $ 511.7 (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.

Quarterly Financial Data (Una46

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Summarized Unaudited Quarterly Financial Data	Summarized unaudited quarterly financial data (in millions, except per share data) was as follows: Quarters Ended March 31, June 30, September 30, December 31, 2017 2016 2017 2016 2017 2016 2017 2016 Revenues $ 1,000.6 $ 918.5 $ 1,132.7 $ 1,040.2 $ 1,208.6 $ 1,075.7 $ 1,234.2 $ 1,111.4 Income from operations $ 336.2 $ 330.6 $ 414.4 $ 424.0 $ 479.3 $ 420.5 $ 506.0 $ 491.6 Net income $ 166.6 $ 168.3 $ 243.5 $ 247.6 $ 246.8 $ 238.6 $ 578.4 $ 301.4 Basic earnings per share $ 0.21 $ 0.22 $ 0.38 $ 0.39 $ 0.39 $ 0.37 $ 1.64 $ 0.50 Diluted earnings per share $ 0.21 $ 0.21 $ 0.37 $ 0.38 $ 0.37 $ 0.36 $ 1.59 $ 0.50

Description of Business and O47

Description of Business and Organization - Additional Information (Details)	Dec. 31, 2017RestaurantCountry
Basis of Presentation [Line Items]
Number of restaurants in operation	24,407
Number of countries in which company and franchise restaurants operated (more than) | Country	100
Percentage of franchised Tim Hortons and Burger King restaurants	100.00%
Tim Hortons
Basis of Presentation [Line Items]
Number of restaurants in operation	4,748
Burger King
Basis of Presentation [Line Items]
Number of restaurants in operation	16,767
Popeyes
Basis of Presentation [Line Items]
Number of restaurants in operation	2,892

Significant Accounting Polici48

Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2017USD ($)Restaurant	Dec. 31, 2016USD ($)Restaurant	Dec. 31, 2015USD ($)
Summary Of Accounting Policies [Line Items]
Investment in other affiliates	50.00%
Other debt recognized	$ 89,100,000	$ 126,000,000
Goodwill and Brand impairment	0	0	$ 0
Fair value of variable rate term debt and bonds	12,000,000,000	8,800,000,000
Principal carrying amount	11,900,000,000	8,600,000,000
Advertising expense, net of franchisee contributions	$ 7,400,000	5,500,000	$ 13,700,000
Increase in consolidated revenues	17.00%
Decrease in effective tax rate	6.40%
Construction loans
Summary Of Accounting Policies [Line Items]
Other debt recognized	$ 83,100,000	$ 83,200,000
Buildings and improvements
Summary Of Accounting Policies [Line Items]
Estimated useful life of assets (up to)	40 years
Restaurant equipment
Summary Of Accounting Policies [Line Items]
Estimated useful life of assets (up to)	17 years
Furniture, fixtures, and other
Summary Of Accounting Policies [Line Items]
Estimated useful life of assets (up to)	10 years
Manufacturing equipment
Summary Of Accounting Policies [Line Items]
Estimated useful life of assets (up to)	25 years
Capital leases
Summary Of Accounting Policies [Line Items]
Estimated useful life of assets (up to)	40 years
Restaurant VIEs
Summary Of Accounting Policies [Line Items]
Number of consolidated restaurants | Restaurant	31	96
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606 | Minimum
Summary Of Accounting Policies [Line Items]
Cumulative adjustment to revenue	$ 230,000,000
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606 | Maximum
Summary Of Accounting Policies [Line Items]
Cumulative adjustment to revenue	$ 290,000,000

Popeyes Acquisition - Additiona

Popeyes Acquisition - Additional Information (Details) - USD ($) $ in Millions	Mar. 27, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Intangible assets, net		$ 11,062.2	$ 9,228
Franchise agreements
Business Acquisition [Line Items]
Intangible assets	$ 40.9
Weighted average useful life of intangible assets	17 years
Off-market favorable lease
Business Acquisition [Line Items]
Intangible assets	$ 9.4
Weighted average useful life of intangible assets	14 years
Popeyes Acquisition
Business Acquisition [Line Items]
Acqusition date	Mar. 27, 2017
Total consideration of acquisition	$ 1,654.7
Value of equity awards transferred	32.6
Business acquisition funded by cash	354.7
PLK Transaction costs		61.7	$ 0	$ 0
Total decrease in goodwill		$ 232.5
Intangible assets, net	1,354.9
Intangible assets	1,405.2
Popeyes Acquisition | Selling, general and administrative expenses
Business Acquisition [Line Items]
PLK Transaction costs	34.4
Long-term Debt | Popeyes Acquisition
Business Acquisition [Line Items]
Incremental borrowings funded by business acquisition	$ 1,300

Popeyes Acquisition - Schedule

Popeyes Acquisition - Schedule of Preliminary Allocation of Consideration to Net Tangible and Intangible Assets Acquired (Details) - Popeyes Acquisition $ in Millions	Mar. 27, 2017USD ($)
Business Acquisition [Line Items]
Total current assets	$ 64.4
Property and equipment	114.1
Intangible assets	1,405.2
Other assets	0.7
Total current liabilities	(72.8)
Total debt and capital lease obligations	(159)
Deferred income taxes	(523.2)
Other liabilities	(20.5)
Total identifiable net assets	808.9
Goodwill	845.8
Total consideration	$ 1,654.7

Popeyes Acquisition - Schedul51

Popeyes Acquisition - Schedule of Adjustments to Net Assets (Details) - Popeyes Acquisition $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Property and equipment	$ (17.6)
Intangible assets	(385.2)
Total current liabilities	(1.9)
Deferred income taxes	164.9
Other liabilities	7.3
Total decrease in goodwill	$ (232.5)

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator:
Net income attributable to common shareholders - basic									$ 626.1	$ 345.6	$ 103.9
Add: Net income attributable to noncontrolling interests									585.1	336.8	133.2
Net income available to common shareholders and noncontrolling interests - diluted									$ 1,211.2	$ 682.4	$ 237.1
Denominator:
Weighted average common shares - basic (in shares)									237	232.9	203.5
Exchange of noncontrolling interests for common shares (in shares)									225.5	227.8	263.5
Effect of other dilutive securities (in shares)									14.9	9.3	9
Weighted average common shares - diluted (in shares)									477.4	470	476
Basic earnings (loss) per share (in dollars per share)	$ 1.64	$ 0.39	$ 0.38	$ 0.21	$ 0.50	$ 0.37	$ 0.39	$ 0.22	$ 2.64	$ 1.48	$ 0.51
Diluted earnings (loss) per share (in dollars per share)	$ 1.59	$ 0.37	$ 0.37	$ 0.21	$ 0.50	$ 0.36	$ 0.38	$ 0.21	$ 2.54	$ 1.45	$ 0.50
Anti-dilutive securities outstanding (in shares)									3.7	5.7	5

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property and Equipment, Net (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,756.6	$ 2,529.2
Accumulated depreciation and amortization	(623.3)	(474.5)
Property and equipment, net	2,133.3	2,054.7
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,020.3	957.2
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,171.7	1,089.4
Restaurant equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	122.2	109.3
Furniture, fixtures, and other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	170.7	147.8
Capital leases
Property, Plant and Equipment [Line Items]
Property and equipment, gross	256.6	210.3
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 15.1	$ 15.2

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense on property and equipment	$ 149.7	$ 144.1	$ 154.9
Assets leased under capital leases, net	193.6	166.6
Accumulated depreciation and amortization	$ 63	$ 43.7

Intangible Assets, Net and Go55

Intangible Assets, Net and Goodwill - Schedule of Intangible Assets, Net and Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, Gross	$ 1,180.4	$ 1,091.1
Identifiable assets, accumulated amortization	(361.7)	(282.1)
Identifiable assets, Net	818.7	809
Indefinite lived intangible assets, Net	10,243.5	8,419
Intangible assets, net	11,062.2	9,228
Goodwill	5,782.3	4,675.1
Tim Hortons
Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill	4,325.8	4,087.8
Tim Hortons | Trade Names
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets, Net	6,727.1	6,341.6
Burger King
Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill	610.7	587.3
Burger King | Trade Names
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets, Net	2,161.5	2,077.4
Popeyes
Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill	845.8	0
Popeyes | Trade Names
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite lived intangible assets, Net	1,354.9	0
Franchise agreements
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, Gross	724.7	655.1
Identifiable assets, accumulated amortization	(168)	(132.4)
Identifiable assets, Net	556.7	522.7
Favorable leases
Finite And Indefinite Lived Intangible Assets [Line Items]
Identifiable assets, Gross	455.7	436
Identifiable assets, accumulated amortization	(193.7)	(149.7)
Identifiable assets, Net	$ 262	$ 286.3

Intangible Assets, Net and Go56

Intangible Assets, Net and Goodwill - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 72.4	$ 71.9	$ 78.3

Intangible Assets, Net and Go57

Intangible Assets, Net and Goodwill - Schedule of the Estimated Future Amortization Expenses on Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 66.9
2,019	63.7
2,020	59
2,021	54.3
2,022	50.5
Thereafter	524.3
Total	$ 818.7	$ 809

Equity Method Investments - Add

Equity Method Investments - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 155.1	$ 151.1
Joint-venture interest	50.00%
Contingent rent expense	$ 71.1	70.6	$ 73.1
Increase to carrying value of equity method investment	0	11.6	10.9
Equity method investee
Schedule of Equity Method Investments [Line Items]
Accounts receivable from equity method investments	31.9	25.7
Carrols Restaurant Group, Inc.
Schedule of Equity Method Investments [Line Items]
Quoted market price	114.4
BK Brasil
Schedule of Equity Method Investments [Line Items]
Quoted market price	$ 117.6
Tim Hortons | Wendy's Company TIMWEN Partnership
Schedule of Equity Method Investments [Line Items]
Joint-venture interest	50.00%
Cash distributions	$ 11.6	11.3	12.7
Contingent rent expense	$ 19.8	$ 19.6	$ 20.8

Equity Method Investments - Sum

Equity Method Investments - Summary of Equity Method Investment (Details)	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	50.00%
TIMWEN Partnership | Canada
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	50.00%
Carrols Restaurant Group, Inc. | United States
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	20.70%
Pangaea Foods (China) Holdings, Ltd. | China
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership percentage	27.50%

Equity Method Investments - S60

Equity Method Investments - Summary of Franchise and Property Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues from affiliates:
Franchise royalties	$ 1,215.1	$ 993.5	$ 936.5
Property revenues	765.1	752.7	760.2
Franchise fees and other revenue	205.6	194.9	186.5
Franchise and property revenues	2,185.8	1,941.1	1,883.2
Affiliates
Revenues from affiliates:
Franchise royalties	175.2	131.7	93.2
Property revenues	26.7	27.8	27.7
Franchise fees and other revenue	25.7	19.6	13.1
Franchise and property revenues	$ 227.6	$ 179.1	$ 134

Other Accrued Liabilities and61

Other Accrued Liabilities and Other Liabilities, Net - Schedule of Other Accrued Liabilities (Current) and Other Liabilities (Noncurrent), Net (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current:
Taxes payable	$ 401	$ 43.3
Dividend payable	96.9	146.1
Interest payable	88.6	63.3
Accrued compensation and benefits	66.6	60.5
Deferred income	42.9	54.7
Closed property reserve	10.8	11
Restructuring and other provisions	12	9.1
Other	119.4	81.3
Other accrued liabilities	838.2	469.3
Non-current:
Derivatives liabilities	498.5	55.1
Taxes payable	495.6	252.2
Unfavorable leases	251.8	275.8
Accrued pension	72	82.9
Accrued lease straight-lining liability	46.4	29.9
Deferred income	37.4	27.1
Other	53.4	61.9
Other liabilities, net	$ 1,455.1	$ 784.9

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) CAD in Millions, $ in Millions	Dec. 31, 2017USD ($)	Jun. 01, 2017CAD	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Other	$ 89.1		$ 126
Less: unamortized deferred financing costs and deferred issuance discount	(170.1)		(187.1)
Total debt, net	11,857.7		8,485
Less: current maturities of debt	(56.8)		(74.8)
Total long-term debt	11,800.9		8,410.2
Term Loan Facility (due February 17, 2024)
Debt Instrument [Line Items]
Term Loan Facility (due February 17, 2024)	6,388.7		5,046.1
2017 4.25% Senior Notes (due May 15, 2024)
Debt Instrument [Line Items]
Senior Notes	1,500		0
2015 4.625% Senior Notes (due January 15, 2022)
Debt Instrument [Line Items]
Senior Notes	1,250		1,250
2017 5.00% Senior Notes (due October 15, 2025)
Debt Instrument [Line Items]
Senior Notes	2,800		0
2014 6.00% Senior Notes (due April 1, 2022)
Debt Instrument [Line Items]
Senior Notes	$ 0		$ 2,250
Senior notes | Series A
Debt Instrument [Line Items]
Aggregate principal amount of debt repaid | CAD		CAD 35.6

Long-Term Debt - Credit Facilit

Long-Term Debt - Credit Facilities (Details) - USD ($)	Feb. 17, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 17, 2017
Line of Credit Facility [Line Items]
Capitalized debt issuance costs		$ 62,900,000	$ 0	$ 80,300,000
Loss on early extinguishment of debt		$ 122,000,000	$ 0	$ 40,000,000
Eurocurrency rate loans
Line of Credit Facility [Line Items]
Fluctuating interest rate points		1.00%
Term loan facility
Line of Credit Facility [Line Items]
Senior secured revolving credit facility	$ 4,900,000,000
Repayment of outstanding term loan facility	$ 146,100,000
Interest rate	1.25%	1.25%
Margin percentage for fluctuating interest rate	2.25%	2.25%
Capitalized debt issuance costs		$ 11,300,000
Loss on early extinguishment of debt		$ 20,400,000
Maturity date of loan	Feb. 17, 2024
Effective interest rate		3.87%
Amortization of principal amount of Term Loan Facility		$ 16,100,000
Minimum
Line of Credit Facility [Line Items]
Margin percentage for fluctuating interest rate alternative		1.25%
Minimum | Base rate
Line of Credit Facility [Line Items]
Debt instrument floor rate		1.00%
Minimum | LIBOR
Line of Credit Facility [Line Items]
Debt instrument floor rate		1.25%
Maximum
Line of Credit Facility [Line Items]
Margin percentage for fluctuating interest rate alternative		2.00%
Maximum | Base rate
Line of Credit Facility [Line Items]
Debt instrument floor rate		0.25%
Maximum | LIBOR
Line of Credit Facility [Line Items]
Debt instrument floor rate		2.00%
Revolving credit facility
Line of Credit Facility [Line Items]
Senior secured revolving credit facility	$ 500,000,000
Amount outstanding at the credit facility		$ 0
Letter of credit sublimit as part of revolving credit facility		125,000,000
Amount withdrawn from revolving credit facility		4,600,000
Remaining borrowing capacity		$ 495,400,000
Fluctuating interest rates		2.00%
Revolving credit facility | Minimum
Line of Credit Facility [Line Items]
Revolving credit facility interest rate on unused portion, minimum		0.25%
Senior notes | 4.25% Senior Notes Indenture 2017
Line of Credit Facility [Line Items]
Aggregate principal amount of debt issued		$ 1,500,000,000
Stated interest rate		4.25%			4.25%
Senior notes | 2015 4.625% Senior Notes (due January 15, 2022)
Line of Credit Facility [Line Items]
Stated interest rate		4.625%
2015 4.625% Senior Notes (due January 15, 2022) | Revolving credit facility
Line of Credit Facility [Line Items]
Senior secured revolving credit facility		$ 150,000,000
Capitalized debt issuance costs		1,100,000
Popeyes | Term loan facility | Incremental term loan
Line of Credit Facility [Line Items]
Capitalized debt issuance costs		23,000,000
Aggregate principal amount of debt issued		1,300,000,000
Popeyes | Term loan facility | Incremental term loan two
Line of Credit Facility [Line Items]
Aggregate principal amount of debt issued		$ 250,000,000

Long-Term Debt Long-Term Debt 4

Long-Term Debt Long-Term Debt 4.25% Senior Notes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	May 17, 2017
Senior notes | 4.25% Senior Notes Indenture 2017
Debt Instrument [Line Items]
Stated interest rate	4.25%	4.25%
Debt issuance costs, net	$ 12,600,000
Aggregate principal amount of debt issued	$ 1,500,000,000
Preferred Share
Debt Instrument [Line Items]
Preferred stock dividend rate percentage	9.00%

Long-Term Debt - 2017 5.00% Sen

Long-Term Debt - 2017 5.00% Senior Notes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 28, 2017
Debt Instrument [Line Items]
Loss on early extinguishment of debt	$ 122,000,000	$ 0	$ 40,000,000
Senior notes | 5% Senior Notes Indenture 2017
Debt Instrument [Line Items]
Stated interest rate	5.00%			5.00%
Debt issuance costs, net	$ 14,900,000
Aggregate principal amount of debt issued	$ 2,800,000,000
Senior notes | 6% Senior Notes Indenture 2014
Debt Instrument [Line Items]
Stated interest rate	6.00%
Loss on early extinguishment of debt	$ 101,600,000
Redemption of 2014 senior notes	$ 2,250,000,000

Long-Term Debt - 2015 4.625% Se

Long-Term Debt - 2015 4.625% Senior Notes (Details) - 2015 Senior Notes	12 Months Ended
	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Issuance of senior notes	$ 1,250,000,000
Stated interest rate	4.625%
Senior secured notes, maturity date	Jan. 15, 2022
Principal payments due	$ 0

Long-Term Debt - Restrictions a

Long-Term Debt - Restrictions and Covenants (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 28, 2017	May 17, 2017
Line of Credit Facility [Line Items]
Capitalized debt issuance costs	$ 62,900,000	$ 0	$ 80,300,000
Gain (Loss) on Extinguishment of Debt	(122,000,000)	$ 0	$ (40,000,000)
2011 Amended Credit Agreement
Line of Credit Facility [Line Items]
Amount of letter of credit outstanding	$ 50,000,000
Swingline loans outstanding percentage	30.00%
First lien senior secured leverage ratio limit	6.50
2015 Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate	4.625%
Senior notes | 4.25% Senior Notes Indenture 2017
Line of Credit Facility [Line Items]
Stated interest rate	4.25%				4.25%
Senior notes | 5% Senior Notes Indenture 2017
Line of Credit Facility [Line Items]
Stated interest rate	5.00%			5.00%
Senior notes | 6% Senior Notes Indenture 2014
Line of Credit Facility [Line Items]
Stated interest rate	6.00%
Gain (Loss) on Extinguishment of Debt	$ (101,600,000)

Long-Term Debt - Other (Details

Long-Term Debt - Other (Details) CAD in Millions	Mar. 27, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 01, 2017CAD
Debt Instrument [Line Items]
Capitalized debt issuance costs		$ 62,900,000	$ 0	$ 80,300,000
Loss on early extinguishment of debt		$ 122,000,000	$ 0	$ 40,000,000
Popeyes Acquisition
Debt Instrument [Line Items]
Repayments of debt	$ 155,500,000
Series A | Senior notes
Debt Instrument [Line Items]
Aggregate principal amount of debt issued | CAD					CAD 35.6

Long-Term Debt - Summary of Agg

Long-Term Debt - Summary of Aggregate Maturities of Long-Term Debt (Details) $ in Millions	Dec. 31, 2017USD ($)
Debt Disclosure [Abstract]
2,018	$ 56.8
2,019	73.8
2,020	71
2,021	71
2,022	1,320.9
Thereafter	10,434.3
Total	$ 12,027.8

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt	$ 484.5	$ 412.2	$ 426.8
Capital lease obligations	21.4	19.9	20.8
Amortization of deferred financing costs and debt issuance discount	32.7	38.9	34.9
Interest income	(26.4)	(4.1)	(4.2)
Interest expense, net	$ 512.2	$ 466.9	$ 478.3

Leases - Additional Information

Leases - Additional Information (Details)	12 Months Ended
	Dec. 31, 2017RestaurantPropertyBuilding
Leases [Abstract]
Restaurant properties to franchisees leased or subleased | Restaurant	5,342
Non restaurant properties to third parties under capital and operating leases | Property	162
Minimum lease term for assets given on lease	10 years
Maximum lease term for assets given on lease	20 years
Number of restaurant buildings taken on lease | Building	709
Minimum lease term for assets taken on lease	10 years
Maximum lease term for assets taken on lease	30 years

Leases - Summary of Assets Leas

Leases - Summary of Assets Lease, Property and Equipment, Net (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Property Subject to or Available for Operating Lease [Line Items]
Total lease, property and equipment	$ 2,163.7	$ 2,021.5
Accumulated depreciation and amortization	(407.4)	(312.5)
Property and equipment leased, net	1,756.3	1,709
Land
Property Subject to or Available for Operating Lease [Line Items]
Total lease, property and equipment	930.7	893.9
Buildings and improvements
Property Subject to or Available for Operating Lease [Line Items]
Total lease, property and equipment	1,215.5	1,112.9
Restaurant equipment
Property Subject to or Available for Operating Lease [Line Items]
Total lease, property and equipment	$ 17.5	$ 14.7

Leases - Summary of Net Investm

Leases - Summary of Net Investment, Direct Financing Leases (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Future minimum lease receipts	$ 77.5	$ 96.3
Future rents to be received, Contingent rents	39.6	51.2
Estimated unguaranteed residual value	17.1	18.9
Unearned income	(45.4)	(56.5)
Allowance on direct financing leases	(0.2)	(0.2)
Net investment, direct financing leases	88.6	109.7
Current portion included within accounts receivables	(17.3)	(17.8)
Net investment in property leased to franchisees	$ 71.3	$ 91.9

Leases - Summary of Property Re

Leases - Summary of Property Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Lease Disclosure [Line Items]
Total rental income	$ 765.1	$ 752.7	$ 760.2
Franchise and Property Revenue
Lease Disclosure [Line Items]
Minimum	466	452.8	453.9
Contingent	283.8	282.5	281.7
Amortization of favorable and unfavorable income lease contracts, net	8.3	8.5	11
Total rental income	758.1	743.8	746.6
Earned income on direct financing leases	7	8.9	13.6
Total property revenues	$ 765.1	$ 752.7	$ 760.2

Leases - Summary of Rent Expens

Leases - Summary of Rent Expense Associated with Lease Commitments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Leases [Abstract]
Minimum	$ 198.1	$ 193.5	$ 199.5
Contingent	71.1	70.6	73.1
Amortization of favorable and unfavorable payable lease contracts, net	9.7	9.2	10.1
Total rental expense	278.9	273.3	282.7
Rental expense from properties subleased to franchisees	$ 262.8	$ 253.9	$ 267

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Receipts and Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Future minimum lease receipts, direct financing leases, 2018	$ 18.1
Future minimum lease receipts, direct financing leases, 2019	14.3
Future minimum lease receipts, direct financing leases, 2020	9.6
Future minimum lease receipts, direct financing leases, 2021	6.8
Future minimum lease receipts, direct financing leases, 2022	5.4
Future minimum lease receipts, direct financing leases, thereafter	23.3
Future minimum lease receipts, direct financing leases, total	77.5	$ 96.3
Future minimum lease receipts, Operating leases, 2018	360.3
Future minimum lease receipts, Operating leases, 2019	323.7
Future minimum lease receipts, Operating leases, 2020	288.6
Future minimum lease receipts, Operating leases, 2021	256.3
Future minimum lease receipts, Operating leases, 2022	226.2
Future minimum lease receipts, Operating leases, thereafter	1,327.7
Future minimum lease receipts, Operating leases, total	2,782.8
Future minimum lease commitments, capital leases, 2018	39.7
Future minimum lease commitments, capital leases, 2019	36.4
Future minimum lease commitments, capital leases, 2020	34.3
Future minimum lease commitments, capital leases, 2021	32.9
Future minimum lease commitments, capital leases, 2022	32.1
Future minimum lease commitments, capital leases, thereafter	232.8
Future minimum lease commitments, capital leases, Total	408.2
Less amount representing interest	(143)
Present value of minimum capital lease payments	265.2
Current portion of capital lease obligation	(21.4)
Long-term portion of capital lease obligation	243.8	$ 218.4
Future minimum lease commitments, operating leases, 2018	182.9
Future minimum lease commitments, operating leases, 2019	167.6
Future minimum lease commitments, operating leases, 2020	154.7
Future minimum lease commitments, operating leases, 2021	138.8
Future minimum lease commitments, operating leases, 2022	125.5
Future minimum lease commitments, operating leases, thereafter	837.5
Future minimum lease commitments, operating leases, total	1,607
Minimum sublease rentals under non-cancelable subleases	$ 1,833.5

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax [Line Items]
Provisional tax expense (benefit) due to TCJA	$ (419.9)
Provisional estimate for transition tax related to TCJA	119.4
Provisional charges carryforward related to TCJA	$ 102.6
Effective income tax rate	(12.10%)	20.30%	24.07%
Increase in valuation allowance	$ 148.6
Unrecognized tax benefits	461	$ 240.6	$ 238.6	$ 41.6
Possible reduction in unrecognized tax benefits in the next twelve months	24.3
Total amount of accrued interest and penalties	36.9	27.3
Potential interest and penalties associated with uncertain tax positions	9.6	$ 11.2	$ 3.3
Deferred income taxes
Income Tax [Line Items]
Provisional charges carryforward related to TCJA	43
Other long term liabilities
Income Tax [Line Items]
Provisional charges carryforward related to TCJA	$ 59.6
Minimum
Income Tax [Line Items]
Income tax returns period subject to examination	3 years
Maximum
Income Tax [Line Items]
Income tax returns period subject to examination	5 years

Income Taxes - Income (Loss) Be

Income Taxes - Income (Loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax [Line Items]
Foreign	$ (121.9)	$ 149.7	$ 127
Income before income taxes	1,101.7	1,199.8	673.9
Canada
Income Tax [Line Items]
Foreign	$ 1,223.6	$ 1,050.1	$ 546.9

Income Taxes - Income Tax (Bene

Income Taxes - Income Tax (Benefit) Expense Attributable to Income from Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Current Income Tax Expense (Benefit)	$ 608.8	$ 163.8	$ 194.5
Deferred:
Total	(742.4)	80.1	(32.3)
Income tax (benefit) expense	(133.6)	243.9	162.2
Canada
Current:
Foreign	438.1	78.6	107.2
Deferred:
Foreign	(301.8)	49	(48.1)
United States
Current:
U.S. Federal	113.2	45.4	46.1
U.S. state, net of federal income tax benefit	3	1.5	4.1
Deferred:
U.S. Federal	(473.3)	37	21
U.S. state, net of federal income tax benefit	34.3	(6.9)	(7.5)
Other Foreign
Current:
Foreign	54.5	38.3	37.1
Deferred:
Foreign	$ (1.6)	$ 1	$ 2.3

Income Taxes - Schedule of US F

Income Taxes - Schedule of US Federal Tax Statutory Rate Reconciles to Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Statutory rate	26.50%	26.50%	26.50%
Costs and taxes related to foreign operations	9.90%	9.60%	16.70%
Foreign exchange gain (loss)	(7.70%)	0.10%	(1.90%)
Foreign tax rate differential	(1.90%)	(1.00%)	(5.40%)
Change in valuation allowance	12.00%	0.20%	4.70%
Change in accrual for tax uncertainties	(0.40%)	1.00%	0.70%
Deductible FTC	(1.00%)	0.00%	0.00%
Intercompany financing	(19.50%)	(16.00%)	(20.20%)
Impact of Tax Act	(27.40%)	0.00%	0.00%
Benefit from stock option exercises	(4.90%)	0.00%	0.00%
Other	2.30%	(0.10%)	3.00%
Effective income tax rate	(12.10%)	20.30%	24.07%

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax (Benefit) Expense Allocated to Continuing Operations and Amounts Separately Allocated to Other Items (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (133.6)	$ 243.9	$ 162.2
Cash flow hedge in accumulated other comprehensive income (loss)	5.1	(1.6)	(21.5)
Net investment hedge in accumulated other comprehensive income (loss)	(12.8)	12.3	111.7
Pension liability in accumulated other comprehensive income (loss)	(2)	(1.6)	(7)
Stock option tax benefit in common shares	0	(8.6)	(0.5)
Total	$ (143.3)	$ 244.4	$ 244.9

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Income Tax (Benefit) Expense Attributable to Income from Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Deferred income tax (benefit) expense	$ (449.3)	$ 77.6	$ (51.9)
Change in valuation allowance	132.7	2.1	31.8
Change in effective U.S. federal income tax rate	(432.9)	0	0
Change in effective U.S. state income tax rate	3.6	(2.9)	(7.2)
Change in effective foreign income tax rate	3.5	3.3	(5)
Total	$ (742.4)	$ 80.1	$ (32.3)

Income Taxes - Schedule of the

Income Taxes - Schedule of the Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Accounts and notes receivable	$ 5.2	$ 6.7
Accrued employee benefits	48.7	67.9
Unfavorable leases	146.1	153.8
Liabilities not currently deductible for tax	73.8	42.4
Tax loss and credit carryforwards	549.8	231.3
Derivatives	135.8	0
Other	0.4	17.2
Total gross deferred tax assets	959.8	519.3
Valuation allowance	(281.5)	(132.9)	$ (124.6)	$ (68.8)
Net deferred tax assets	678.3	386.4
Less deferred tax liabilities:
Property and equipment, principally due to differences in depreciation	33.3	64.8
Intangible assets	1,790.9	1,723.8
Leases	128.6	150.9
Statutory impairment	26.4	23.5
Derivatives	0	25.4
Outside basis difference	67.6	102.9
Total gross deferred tax liabilities	2,046.8	2,091.3
Net deferred tax liability	$ 1,368.5	$ 1,704.9

Income Taxes - Summary of Chang

Income Taxes - Summary of Changes in Valuation Allowance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation Allowance, beginning balance	$ 132.9	$ 124.6	$ 68.8
Additions due to acquisition	9.4	0	0
Change in estimates recorded to deferred income tax expense	132.7	2.1	31.8
Expiration of foreign tax credits and capital losses	0	0	(3.2)
Changes from foreign currency exchange rates	5.5	(0.7)	(8.2)
True-ups from changes in losses and credits	0.8	6.9	35.4
Additions related to other comprehensive income	0.2	0	0
Valuation Allowance, ending balance	$ 281.5	$ 132.9	$ 124.6

Income Taxes - Summary of Amoun

Income Taxes - Summary of Amount and Expiration Dates of Operating Loss and Tax Credit Carry-forwards (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Operating Loss And Tax Credit Carryforwards [Line Items]
Total	$ 3,075.8
Canadian net operating loss carryforwards
Operating Loss And Tax Credit Carryforwards [Line Items]
Operating loss carryforwards	1,161.2
Canadian capital loss carryforwards
Operating Loss And Tax Credit Carryforwards [Line Items]
Capital loss carryforwards	893
U.S. state net operating loss carryforwards
Operating Loss And Tax Credit Carryforwards [Line Items]
Operating loss carryforwards	676.7
U.S. capital loss carryforwards
Operating Loss And Tax Credit Carryforwards [Line Items]
Operating loss carryforwards	58.2
U.S. foreign tax credits
Operating Loss And Tax Credit Carryforwards [Line Items]
U.S. foreign tax credits	24.5
Foreign tax credits
Operating Loss And Tax Credit Carryforwards [Line Items]
Operating loss carryforwards	219.6
Capital loss carryforwards	31.8
Credits	1.8
Other foreign net operating loss carryforwards
Operating Loss And Tax Credit Carryforwards [Line Items]
Operating loss carryforwards	$ 9

Income Taxes - A Reconciliation

Income Taxes - A Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 240.6	$ 238.6	$ 41.6
Additions on tax position related to the current year	186.3	2	0.8
Additions for tax positions of prior years	41.2	6.2	4.3
Additions for tax positions taken in conjunction with acquisition of Tim Hortons	1.8	0	202.5
Reductions for tax positions of prior year	(0.2)	(1)	(2.8)
Reductions for settlement	(1.7)	(4.6)	(7.4)
Reductions due to statute expiration	(7)	(0.6)	(0.4)
Ending balance	$ 461	$ 240.6	$ 238.6

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) € in Millions, CAD in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2017CAD	Dec. 31, 2017USD ($)	Dec. 31, 2017EUR (€)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net cash provided by (used for) investing activities	$ (857.8)	$ 26.9	$ (61.5)
Settlement of derivatives	(772.3)	$ (11)	(14.2)
Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount					$ 183
Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of pre-tax losses in AOCI expect to be reclassified into interest expense	(12.4)
Cross currency interest rate contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount			315
Cash received on hedge	763.5
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax	$ 533.4
Settlement of derivatives			52.1
Foreign currency forward contract - net unrealized gains			31.8
Cross currency interest rate contract | Fixed income interest rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount					1,200	€ 1,107.8
Cross currency interest rate contract | Canadian Dollar
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount | CAD				CAD 6,753.5
Cross currency interest rate contract | United States Dollar
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount					$ 5,000
Cross-currency rate swaps, maturity date	Mar. 31, 2021
Forward-starting interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net cash provided by (used for) investing activities			$ (36.2)
Cross-currency rate swaps, maturity date			Mar. 31, 2021
Forward-starting interest rate swaps | Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net unrealized loss remaining in AOCI			$ 84.6
Forward-starting interest rate swaps | Interest rate swaps - outstanding as of December 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount on term loan to hedge interest payments			2,500
Forward-starting interest rate swaps | Interest rate swaps - settled prior to December 31, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount			6,690.4
Forward-starting interest rate swaps | Interest rate swaps - settled prior to December 31, 2015 | Designated as hedging instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount			5,690.4
Forward-starting interest rate swaps | Interest rate swaps - settled prior to December 31, 2015 | Derivatives not designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount			$ 1,000
Cross-currency rate swaps, maturity date			Mar. 31, 2021
Forward-starting interest rate swaps | Interest rate swaps - settled prior to December 31, 2015 | 2014 Term Loan Facility
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Settlement of derivative notional amount			$ (42.7)
Mandatory prepayment			42.7
Forward-starting interest rate swaps | Receive-variable, pay-fixed interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract notional amount			$ 6,750

Derivative Instruments - Quanti

Derivative Instruments - Quantitative Disclosures of Derivative Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from AOCI into Earnings	$ (31)	$ (21.3)	$ (53.6)
Gain (loss) recognized in other operating expenses (income), net	0	0	(37.3)
Forward-starting interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other operating expenses (income), net	0	0	(1.6)
Derivatives not designated as hedging instruments: | Forward-starting interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other operating expenses (income), net	0	0	(12.4)
Derivatives not designated as hedging instruments: | Forward-currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other operating expenses (income), net	0	0	4.3
Derivatives designated as cash flow hedges: | Forward-starting interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income (loss)	(5.5)	(22.7)	(128.2)
Derivatives designated as cash flow hedges: | Forward-starting interest rate swaps | Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) | Other operating expenses (income), net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from AOCI into Earnings	0	0	(27.6)
Derivatives designated as cash flow hedges: | Forward-currency contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income (loss)	(9.4)	(4.8)	18.2
Derivatives designated as cash flow hedges: | Interest expense, net | Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) | Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from AOCI into Earnings	(31)	(21.3)	(12)
Derivatives designated as cash flow hedges: | Cost of sales | Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) | Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from AOCI into Earnings	(3.4)	0	12.3
Derivatives designated as net investment hedges: | Cross-currency rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income (loss)	$ (383.5)	$ (87)	$ 798.5

Derivative Instruments - Summar

Derivative Instruments - Summary of Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivatives assets designated as cash flow hedges and net investment hedges	$ 0.5	$ 720.7
Derivatives liabilities designated as cash flow hedges and net investment hedges	503.6	56.2
Derivatives designated as cash flow hedges: | Forward-currency contracts | Prepaids and other current assets
Derivative [Line Items]
Derivatives assets designated as cash flow hedges and net investment hedges	0.5	2.8
Derivatives designated as cash flow hedges: | Forward-currency contracts | Other accrued liabilities
Derivative [Line Items]
Derivatives liabilities designated as cash flow hedges and net investment hedges	5.1	1.1
Derivatives designated as cash flow hedges: | Forward-starting interest rate swaps | Other liabilities, net
Derivative [Line Items]
Derivatives liabilities designated as cash flow hedges and net investment hedges	42.1	55.1
Derivatives designated as net investment hedges: | Forward-currency contracts | Derivative assets
Derivative [Line Items]
Derivatives assets designated as cash flow hedges and net investment hedges	0	717.9
Derivatives designated as net investment hedges: | Forward-currency contracts | Other liabilities, net
Derivative [Line Items]
Derivatives liabilities designated as cash flow hedges and net investment hedges	$ 456.4	$ 0

Redeemable Preferred Shares - A

Redeemable Preferred Shares - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 12, 2017	Dec. 31, 2017	May 17, 2017	Dec. 31, 2015
Class of Stock [Line Items]
Preferred shares redemption price per share (in dollars per share)		$ 48.109657
Preferred Share
Class of Stock [Line Items]
Preferred stock, shares issued		68,530,939
Preferred stock dividend rate percentage		9.00%
Preferred stock par value (in dollars per share)		$ 43.775848
Aggregate consideration received	$ 3,115.6
Total redemption amount	3,297
Accrued and unpaid dividends	54
Adjustment for internal tax rate return	235.4
Related stock transaction costs	1.6
Increase in net income attributable to common shareholders	$ 233.8
Senior notes | 4.25% Senior Notes Indenture 2017
Class of Stock [Line Items]
Stated interest rate		4.25%	4.25%
Cross currency interest rate contract
Class of Stock [Line Items]
Foreign currency forward contract notional amount				$ 315
Cross currency interest rate contract | United States Dollar
Class of Stock [Line Items]
Foreign currency forward contract notional amount		$ 5,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stockholders Equity [Line Items]
Partnership exchangeable units (shares)	9,286,480		31,302,135
Repurchase of partnership exchangeable units (in shares)	5,000,000		8,150,003
Repurchase of Partnership exchangeable units	$ 330,200,000		$ 293,700,000
Partnership exchangeable units, issued (in shares)		6,744,244
Gain (loss) recorded on equity transactions			$ 0
Restaurant Brands International Limited Partnership
Stockholders Equity [Line Items]
Partnership exchangeable units economic interest	47.20%	49.20%
Partnership exchangeable units economic interest, (shares)	217,708,924	226,995,404
Partnerships with exchangeable units
Stockholders Equity [Line Items]
Partnership exchangeable units (shares)	4,286,480		23,152,132

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Change in Components of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,702.5
Foreign currency translation adjustment	823.4	$ 224.4	$ (1,830.8)
Net change in fair value of derivatives, net of tax	(381.7)	(119.6)	605.8
Amounts reclassified to earnings of cash flow hedges, net of tax	25.4	15.7	19.8
Pension and post-retirement benefit plans, net of tax	4	(8.1)	(14.1)
OCI attributable to noncontrolling interests	(248.5)	(77)	593.4
Ending balance	2,226.4	1,702.5
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(698.3)	(733.7)	(107.8)
Ending balance	(475.7)	(698.3)	(733.7)
Derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	274.9	318	4.7
Net change in fair value of derivatives, net of tax	(381.7)	(119.6)	605.8
Amounts reclassified to earnings of cash flow hedges, net of tax	25.4	15.7	19.8
OCI attributable to noncontrolling interests	178.2	60.8	(312.3)
Ending balance	96.8	274.9	318
Pensions
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(16.7)	(12.3)	(4.5)
Pension and post-retirement benefit plans, net of tax	4	(8.1)	(14.1)
OCI attributable to noncontrolling interests	(2.6)	3.7	6.3
Ending balance	(15.3)	(16.7)	(12.3)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(956.5)	(1,039.4)	(108)
Foreign currency translation adjustment	823.4	224.4	(1,830.8)
OCI attributable to noncontrolling interests	(424.1)	(141.5)	899.4
Ending balance	$ (557.2)	$ (956.5)	$ (1,039.4)

Shareholders' Equity - Reclassi

Shareholders' Equity - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	$ (512.2)	$ (466.9)	$ (478.3)
Other operating expenses (income), net	(109.2)	0.7	(105.5)
Cost of sales	1,850.3	1,727.3	1,809.5
Income tax (expense) benefit	133.6	(243.9)	(162.2)
Net income	1,235.3	955.9	511.7
Net of tax	(25.1)	(14.1)	(19.5)
Amortization of prior service credits (costs)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	2.8	2.9	2.9
Amortization of actuarial gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(1.1)	(0.4)	(2.6)
Accumulated defined benefit plans adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	1.7	2.5	0.3
Income tax (expense) benefit	(1.4)	(0.9)	0
Net of tax	0.3	1.6	0.3
Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) | Gains (losses) on cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(34.4)	(21.3)	(27.3)
Income tax (expense) benefit	9	5.6	7.5
Net income	(25.4)	(15.7)	(19.8)
Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) | Interest rate derivative contracts | Gains (losses) on cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	(31)	(21.3)	(12)
Other operating expenses (income), net	0	0	(27.6)
Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion) | Forward-currency contracts | Gains (losses) on cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (3.4)	$ 0	$ 12.3

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Jan. 30, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New awards granted (in shares)		2,453,000
Expected term of grant options		6 years 8 months 27 days	6 years 8 months 27 days
Stock options, expiration period		10 years
Portion of options vesting on each anniversary date, vesting percentage		20.00%
Unrecognized compensation cost, recognition period		5 years 8 months 12 days
Fair value of options granted (in dollars per share)		$ 12.57	$ 7.53	$ 10.12
Total intrinsic value of stock options exercised		$ 288.3	$ 46.9	$ 40.3
Share-based compensation liability		2.6	5
Reclassification adjustments to other liabilities, net to common shares				10.2
Reclassification adjustments from other liabilities to equity due to modification				10.2
Cash settlements of stock options with tandem SARs		$ 4.6	2.5	$ 30.6
Vesting period		5 years
Legacy BK Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New awards granted (in shares)	0
Legacy TH Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New awards granted (in shares)	0
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term of grant options				3 years 6 months 11 days
Minimum | U.S. Treasury Yield
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term of grant options		3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term of grant options				7 years 4 months 6 days
Maximum | U.S. Treasury Yield
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term of grant options		5 years
First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Portion of options vesting on each anniversary date, vesting percentage		20.00%
Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Portion of options vesting on each anniversary date, vesting percentage		40.00%
Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Portion of options vesting on each anniversary date, vesting percentage		100.00%
2016 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance under the Plan		4,073,767
Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 104
Unrecognized compensation cost, recognition period		3 years 3 months 18 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Portion of options vesting on each anniversary date, vesting percentage		20.00%
Vesting period		5 years
Employee service period		2 years
Percentage of RSUs forfeited		100.00%
Total intrinsic value of vested RSU's		$ 6.2	$ 3.3
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years

Share-based Compensation - Summ

Share-based Compensation - Summary of Share-based Compensation Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock options, stock options with tandem SARs and RSUs	$ 48,300,000	$ 35,100,000	$ 50,800,000
Accelerated vesting of Popeyes stock options	12,100,000	0	0
Total share-based compensation expense	60,400,000	35,100,000	50,800,000
Accelerated vesting of awards due to terminations	0	0	5,100,000
Modification of awards	$ 5,000,000	$ 900,000	$ 9,000,000

Share-based Compensation - Su96

Share-based Compensation - Summary of the Significant Assumptions Used During the Year to Estimate the Fair Value of Stock Options (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		0.85%
Expected term (in years)	6 years 8 months 27 days	6 years 8 months 27 days
Expected volatility	24.50%	26.60%
Expected dividend yield	1.37%	1.81%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.23%		1.17%
Expected term (in years)			3 years 6 months 11 days
Expected volatility			24.00%
Expected dividend yield			1.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.25%		2.07%
Expected term (in years)			7 years 4 months 6 days
Expected volatility			25.00%
Expected dividend yield			1.09%

Share-based Compensation - Su97

Share-based Compensation - Summary of Option Activity under the Various Plan (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Stock Option Activity
Total Number of Options, Outstanding Beginning Balance (in shares) | shares	23,663
Total Number of Options, Granted (in shares) | shares	2,453
Total Number of Options, Exercised (in shares) | shares	(5,212)
Total Number of Options, Forfeited (in shares) | shares	(833)
Total Number of Options, Outstanding Ending Balance (in shares) | shares	20,071
Stock Options Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding Beginning Balance (in dollars per share) | $ / shares	$ 17.89
Weighted Average Exercise Price, Granted (in dollars per share) | $ / shares	56.21
Weighted Average Exercise Price, Exercised (in dollars per share) | $ / shares	5.91
Weighted Average Exercise Price, Forfeited (in dollars per share) | $ / shares	37.11
Weighted Average Exercise Price, Outstanding Ending Balance (in dollars per share) | $ / shares	$ 25.15
Stock Option Activity, Additional Disclosures
Aggregate Intrinsic Value, Outstanding | $	$ 729,242
Average Remaining Contractual Term, Outstanding	5 years 8 months 12 days
Total Number of Options, Exercisable (in shares) | shares	7,825
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ / shares	$ 6.79
Aggregate Intrinsic Value, Exercisable | $	$ 427,967
Average Remaining Contractual Term, Exercisable	3 years 2 months 12 days
Total Number of Options, Vested or expected to vest (in shares) | shares	18,816
Weighted Average Exercise Price, Vested or expected to vest (in dollars per share) | $ / shares	$ 24.29
Aggregate Intrinsic Value, Vested or expected to vest | $	$ 699,670
Average Remaining Contractual Term, Vested or expected to vest	5 years 6 months

Share-based Compensation - Su98

Share-based Compensation - Summary of Time-Vested RSUs and Performance-Based RSUs Activity (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Time-vested RSUs
Time-Vested And Performance-Based Shares Outstanding
Total Number of Shares, Outstanding beginning balance (in shares) | shares	939
Total Number of Shares, Granted (in shares) | shares	486
Total Number of Shares, Vested and Settled (in shares) | shares	(19)
Total Number of Shares, Dividend equivalents grants (in shares) | shares	12
Total Number of Shares, Forfeited (in shares) | shares	(125)
Total Number of Shares, Outstanding ending balance (in shares) | shares	1,293
Time-Vested And Performance-Based Shares Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Outstanding beginning balance (in dollars per share) | $ / shares	$ 29.03
Weighted Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	56.54
Weighted Average Grant Date Fair Value, Vested & Settled (in dollars per share) | $ / shares	35.12
Weighted Average Grant Date Fair Value, Dividend equivalents granted (in dollars per share) | $ / shares	41.05
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	41.50
Weighted Average Grant Date Fair Value, Outstanding ending balance (in dollars per share) | $ / shares	$ 38.64
Performance-based RSUs
Time-Vested And Performance-Based Shares Outstanding
Total Number of Shares, Outstanding beginning balance (in shares) | shares	1,550
Total Number of Shares, Granted (in shares) | shares	100
Total Number of Shares, Vested and Settled (in shares) | shares	(78)
Total Number of Shares, Dividend equivalents grants (in shares) | shares	18
Total Number of Shares, Forfeited (in shares) | shares	0
Total Number of Shares, Outstanding ending balance (in shares) | shares	1,590
Time-Vested And Performance-Based Shares Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Outstanding beginning balance (in dollars per share) | $ / shares	$ 33.99
Weighted Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	55.55
Weighted Average Grant Date Fair Value, Vested & Settled (in dollars per share) | $ / shares	34.71
Weighted Average Grant Date Fair Value, Dividend equivalents granted (in dollars per share) | $ / shares	36.12
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	0
Weighted Average Grant Date Fair Value, Outstanding ending balance (in dollars per share) | $ / shares	$ 36.31

Franchise and Property Revenu99

Franchise and Property Revenues - Summary of Franchise and Property Revenues (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other Industries [Abstract]
Franchise royalties	$ 1,215.1	$ 993.5	$ 936.5
Property revenues	765.1	752.7	760.2
Franchise fees and other revenue	205.6	194.9	186.5
Franchise and property revenues	$ 2,185.8	$ 1,941.1	$ 1,883.2

Other Operating Expenses (In100

Other Operating Expenses (Income), net - Other Operating Expenses (Income), Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Other Income and Expenses [Abstract]
Net losses on disposal of assets, restaurant closures and refranchisings	$ 28.6	$ 17.7	$ 22
Litigation settlements and reserves, net	2.1	1.6	1.3
Net losses on derivatives	0	0	37.3
Net losses (gains) on foreign exchange	77.3	(20.1)	46.7
Other, net	1.2	0.1	(1.8)
Other operating expenses (income), net	$ 109.2	$ (0.7)	$ 105.5

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Oct. 06, 2017plaintiff	Jun. 19, 2017plaintiff	Nov. 30, 2015USD ($)	Dec. 31, 2017USD ($)
Telecommunication Services
Commitments Contingencies And Litigation [Line Items]
Litigation settlement, Gross				$ 61,200,000
Information Technology
Commitments Contingencies And Litigation [Line Items]
Litigation settlement, Gross				71,000,000
Standby letters of credit
Commitments Contingencies And Litigation [Line Items]
Amount withdrawn from standby letter of credit				18,000,000
Revolving credit facility
Commitments Contingencies And Litigation [Line Items]
Amount withdrawn from standby letter of credit				0
Letters of Credit, Outstanding Secured Amount				$ 4,600,000
Purchase commitments
Commitments Contingencies And Litigation [Line Items]
Contractual obligation related with telecommunication				5 years
Purchase of advertising				$ 223,700,000
Miami, Florida
Commitments Contingencies And Litigation [Line Items]
Initial term of future operating lease			15 years
First option renewal term			5 years
Second option renewal term			5 years
Future lease expense due in 2018			$ 1,800,000
Future lease expense in final year			$ 4,900,000
Pending litigation
Commitments Contingencies And Litigation [Line Items]
Number of plaintiffs | plaintiff	2	2

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	12 Months Ended
	Dec. 31, 2017SegmentBrand	Dec. 31, 2016
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of brands | Brand	3
Tim Hortons, Burger King, and Popeyes brand
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of operating segments	3
Number of reportable segments	3
Canada
Segment Reporting, Revenue Reconciling Item [Line Items]
Percentage of long lived assets by segment	10.00%	10.00%
United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Percentage of long lived assets by segment	10.00%	10.00%

Segment Reporting - Revenues by

Segment Reporting - Revenues by Operating Segment and Country (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue, Major Customer [Line Items]
Total revenues	$ 1,234.2	$ 1,208.6	$ 1,132.7	$ 1,000.6	$ 1,111.4	$ 1,075.7	$ 1,040.2	$ 918.5	$ 4,576.1	$ 4,145.8	$ 4,052.2
Canada
Revenue, Major Customer [Line Items]
Total revenues									2,832.2	2,671.6	2,623.2
United States
Revenue, Major Customer [Line Items]
Total revenues									1,190	1,004.4	982.2
Other
Revenue, Major Customer [Line Items]
Total revenues									553.9	469.8	446.8
Tim Hortons
Revenue, Major Customer [Line Items]
Total revenues									3,154.6	3,001.4	2,956.9
Burger King
Revenue, Major Customer [Line Items]
Total revenues									1,219.2	1,144.4	1,095.3
Popeyes
Revenue, Major Customer [Line Items]
Total revenues									$ 202.3	$ 0	$ 0

Segment Reporting - Depreciatio

Segment Reporting - Depreciation and Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Depreciation and Amortization:
Depreciation and amortization	$ 181.1	$ 172.1	$ 182
Total	181.1	171.8	181.8
Tim Hortons
Depreciation and Amortization:
Depreciation and amortization	109.2	108.3	121.4
Burger King
Depreciation and Amortization:
Depreciation and amortization	62.3	63.5	60.4
Popeyes
Depreciation and Amortization:
Depreciation and amortization	$ 9.6	$ 0	$ 0

Segment Reporting - (Income) Lo

Segment Reporting - (Income) Loss from Equity Method Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
(Income) loss from equity method investments
(Income) loss from equity method investments	$ (12.4)	$ (20.2)	$ 4.1
Tim Hortons
(Income) loss from equity method investments
(Income) loss from equity method investments	(7.9)	(7.7)	(7.9)
Burger King
(Income) loss from equity method investments
(Income) loss from equity method investments	(4.5)	(12.5)	12
Popeyes
(Income) loss from equity method investments
(Income) loss from equity method investments	$ 0	$ 0	$ 0

Segment Reporting - Capital Exp

Segment Reporting - Capital Expenditure (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Capital Expenditures:
Capital expenditures	$ 36.7	$ 33.7	$ 115.3
Tim Hortons
Capital Expenditures:
Capital expenditures	12.8	11.8	88.1
Burger King
Capital Expenditures:
Capital expenditures	22.6	21.9	27.2
Popeyes
Capital Expenditures:
Capital expenditures	$ 1.3	$ 0	$ 0
Geographic concentration risk | Sales revenue, net | Canada And United States
Capital Expenditures:
Percentage of revenue	10.00%	10.00%	10.00%

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Related Assets and Long Lived Assets (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Long Lived Assets Held-for-sale [Line Items]
Assets	$ 21,223.5	$ 19,124.9
Long-Lived Assets	2,204.6	2,146.6
Canada
Long Lived Assets Held-for-sale [Line Items]
Long-Lived Assets	1,059.3	1,034.5
United States
Long Lived Assets Held-for-sale [Line Items]
Long-Lived Assets	1,138.3	1,097.6
Other
Long Lived Assets Held-for-sale [Line Items]
Long-Lived Assets	7	14.5
Operating segments | Tim Hortons
Long Lived Assets Held-for-sale [Line Items]
Assets	13,732.7	13,417.5
Long-Lived Assets	1,352.5	1,354
Operating segments | Burger King
Long Lived Assets Held-for-sale [Line Items]
Assets	4,633.4	4,746.5
Long-Lived Assets	750.6	792.6
Operating segments | Popeyes
Long Lived Assets Held-for-sale [Line Items]
Assets	2,439.8	0
Long-Lived Assets	101.5	0
Unallocated
Long Lived Assets Held-for-sale [Line Items]
Assets	417.6	960.9
Long-Lived Assets	$ 0	$ 0

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Segment Income to Net Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting, Revenue Reconciling Item [Line Items]
Impact of equity method investments									$ (12.4)	$ (20.2)	$ 4.1
Other operating expenses (income), net									109.2	(0.7)	105.5
EBITDA									1,917	1,838.5	1,374
Depreciation and amortization									181.1	171.8	181.8
Income from operations	$ 506	$ 479.3	$ 414.4	$ 336.2	$ 491.6	$ 420.5	$ 424	$ 330.6	1,735.9	1,666.7	1,192.2
Interest expense, net									512.2	466.9	478.3
Loss on early extinguishment of debt									122	0	40
Income tax (benefit) expense									(133.6)	243.9	162.2
Net income									1,235.3	955.9	511.7
PLK Transaction costs
Segment Reporting, Revenue Reconciling Item [Line Items]
PLK Transaction costs									61.7	0	0
Tim Hortons
Segment Reporting, Revenue Reconciling Item [Line Items]
Impact of equity method investments									(7.9)	(7.7)	(7.9)
Burger King
Segment Reporting, Revenue Reconciling Item [Line Items]
Impact of equity method investments									(4.5)	(12.5)	12
Popeyes
Segment Reporting, Revenue Reconciling Item [Line Items]
Impact of equity method investments									0	0	0
Operating segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA									2,145.8	1,888.2	1,666.2
Operating segments | Tim Hortons
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA									1,135.8	1,072.3	906.7
Operating segments | Burger King
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA									903.1	815.9	759.5
Operating segments | Popeyes
Segment Reporting, Revenue Reconciling Item [Line Items]
Adjusted EBITDA									106.9	0	0
Unallocated management G&A
Segment Reporting, Revenue Reconciling Item [Line Items]
Share-based compensation and non-cash incentive compensation expense									54.9	42	51.8
Acquisition accounting impact on cost of sales									0	0	0.5
Corporate restructuring and tax advisory fees									1.9	0	0
Integration costs									0	16.4	0
Impact of equity method investments									1.1	(8)	17.7
Other operating expenses (income), net									109.2	(0.7)	105.5
Unallocated management G&A | Tim Hortons
Segment Reporting, Revenue Reconciling Item [Line Items]
TH transaction and restructuring costs									$ 0	$ 0	$ 116.7

Quarterly Financial Data (Un109

Quarterly Financial Data (Unaudited) - Summarized Unaudited Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 1,234.2	$ 1,208.6	$ 1,132.7	$ 1,000.6	$ 1,111.4	$ 1,075.7	$ 1,040.2	$ 918.5	$ 4,576.1	$ 4,145.8	$ 4,052.2
Income from operations	506	479.3	414.4	336.2	491.6	420.5	424	330.6	$ 1,735.9	$ 1,666.7	$ 1,192.2
Net income	$ 578.4	$ 246.8	$ 243.5	$ 166.6	$ 301.4	$ 238.6	$ 247.6	$ 168.3
Basic earnings (loss) per share (in dollars per share)	$ 1.64	$ 0.39	$ 0.38	$ 0.21	$ 0.50	$ 0.37	$ 0.39	$ 0.22	$ 2.64	$ 1.48	$ 0.51
Diluted earnings (loss) per share (in dollars per share)	$ 1.59	$ 0.37	$ 0.37	$ 0.21	$ 0.50	$ 0.36	$ 0.38	$ 0.21	$ 2.54	$ 1.45	$ 0.50

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - $ / shares	Feb. 12, 2018	Jan. 03, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Subsequent Event [Line Items]
Cash dividend declared by board (in dollars per share)			$ 0.78	$ 0.62	$ 0.44
Subsequent event
Subsequent Event [Line Items]
Cash dividend paid per common share (in dollars per share)		$ 0.21
Dividend payable record date	Mar. 15, 2018	Dec. 15, 2017
Cash dividend declared by board (in dollars per share)	$ 0.45
Dividend to be paid date	Apr. 2, 2018
Subsequent event | Partnerships with exchangeable units
Subsequent Event [Line Items]
Distribution in respect of Partnership exchangeable unit (in dollars per share)	$ 0.45	$ 0.21