Question: identify and explain where the deconsolidated information came from, why you chose what you chose to deconsolidate, how it looks afterward, and then have a

 identify and explain where the deconsolidated information came from, why you

identify and explain where the deconsolidated information came from, why you chose what you chose to deconsolidate, how it looks afterward, and then have a discussion about its importance.

2015 $ 16,488.3 8,924.7 25,413.0 Consolidated Statement of Income In millions, except per share data Years ended December 31, 2017 2016 REVENUES Sales by Company-operated restaurants $ 12,718.9 $ 15,295.0 Revenues from franchised restaurants 10,101.5 9,326.9 Total revenues 22,820.4 24,621.9 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper 4,033.5 4,896.9 Payroll & employee benefits 3,528.5 4,134.2 Occupancy & other operating expenses 2,847.6 3,667.7 Franchised restaurants-occupancy expenses 1,790.0 1,718.4 Selling, general & administrative expenses 2,231.3 2,384.5 Other operating (income) expense, net (1,163.2). 75.7 Total operating costs and expenses 13,267.7 16,877.4 Operating income 9,552.7 7,744.5 Interest expense-net of capitalized interest of $5.3, $7.1 and $9.4 921.3 884.8 Nonoperating (income) expense, net 57.9 (6.3). Income before provision for income taxes 8,573.5 6,866.0 Provision for income taxes 3,381.2 2,179.5 Net income $ 5,192.3 $ 4,686.5 Earnings per common share-basic $ 6.43 $ 5.49 Earnings per common share-diluted $ 6.37 $ 5.4 Dividends declared per common share $ 3.83 3.61 Weighted average shares outstanding-basic 807.4 854.4 Weighted average shares outstanding-diluted 815.5 861.2 See Notes to consolidated financial statements. 5,552.2 4,400.0 4,024.7 1,646.9 2,434.3 209.4 18,267.5 7.145.5 638.3 (48.5) 6,555.7 2,026.4 $ 4,529.3 $ 4.82 4.80 $ 3.44 939.4 944.6 $ 2015 $ 16,488.3 8,924.7 25,413.0 Consolidated Statement of Income In millions, except per share data Years ended December 31, 2017 2016 REVENUES Sales by Company-operated restaurants $ 12,718.9 $ 15,295.0 Revenues from franchised restaurants 10,101.5 9,326.9 Total revenues 22,820.4 24,621.9 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper 4,033.5 4,896.9 Payroll & employee benefits 3,528.5 4,134.2 Occupancy & other operating expenses 2,847.6 3,667.7 Franchised restaurants-occupancy expenses 1,790.0 1,718.4 Selling, general & administrative expenses 2,231.3 2,384.5 Other operating (income) expense, net (1,163.2). 75.7 Total operating costs and expenses 13,267.7 16,877.4 Operating income 9,552.7 7,744.5 Interest expense-net of capitalized interest of $5.3, $7.1 and $9.4 921.3 884.8 Nonoperating (income) expense, net 57.9 (6.3). Income before provision for income taxes 8,573.5 6,866.0 Provision for income taxes 3,381.2 2,179.5 Net income $ 5,192.3 $ 4,686.5 Earnings per common share-basic $ 6.43 $ 5.49 Earnings per common share-diluted $ 6.37 $ 5.4 Dividends declared per common share $ 3.83 3.61 Weighted average shares outstanding-basic 807.4 854.4 Weighted average shares outstanding-diluted 815.5 861.2 See Notes to consolidated financial statements. 5,552.2 4,400.0 4,024.7 1,646.9 2,434.3 209.4 18,267.5 7.145.5 638.3 (48.5) 6,555.7 2,026.4 $ 4,529.3 $ 4.82 4.80 $ 3.44 939.4 944.6 $

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