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Keurig Dr Pepper Declares Quarterly Dividend ... and FRISCO, Texas , May 19, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.1875 per share, payable in U.S ... KDP Contacts Steve Alexander (Investors) T : 972-673-6769 / steve.alexander@kdrp.com Katie Gilroy (Media) T : 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper ( KDP ) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig ®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple ®, Bai ®, Mott's ®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

KEURIG DR PEPPER RECOMMENDS STOCKHOLDERS REJECT ... and FRISCO, Texas , June 23, 2022 /PRNewswire/ -- KEURIG Dr Pepper Inc ... (NASDAQ: KDP) today announced that it has been notified of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 4,000,000 shares of KEURIG Dr Pepper's common stock at an offer price of $32.85 net per share in cash, which is an approximate 4.37% discount to the $34.35 per share closing price of KEURIG Dr Pepper's common stock on the Nasdaq Stock Market on June 17, 2022 , the last trading day before the commencement of TRC Capital's mini-tender offer, and an approximate 5.82% discount to the $34.88 per share closing price of KEURIG Dr Pepper's common stock on June 22, 2022 ... KEURIG Dr Pepper does not endorse TRC Capital's mini-tender offer and is not associated in any way with TRC Capital, its mini-tender offer or its mini-tender offer documents ... KEURIG Dr Pepper recommends that its stockholders reject the offer and not tender their shares in response to TRC Capital's below-market offer ... This mini-tender offer is at a price below the market price for KEURIG Dr Pepper's common stock (as of yesterday's close) and is subject to a number of conditions, including, among others, TRC Capital's ability to obtain debt financing sufficient, together with cash on hand, to consummate the offer ... TRC Capital's mini-tender offer seeks less than 5% of KEURIG Dr Pepper's outstanding common stock, thereby avoiding many disclosure requirements and procedural protections of the Securities and Exchange Commission ("SEC") ... Stockholders should obtain current market quotations for their shares of KEURIG Dr Pepper common stock, consult with their broker or financial advisor, and exercise caution with respect to TRC Capital's mini-tender offer ... KEURIG Dr Pepper encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure at https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm ... KEURIG Dr Pepper requests that a copy of this press release be included with all distributions of materials relating to TRC Capital's mini-tender offer for KEURIG Dr Pepper common stock ... Investors: Steve Alexander KEURIG Dr Pepper T: 972-673-6769 / steve.alexander@kdrp.com Media: Katie Gilroy KEURIG Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT KEURIG DR PEPPER KEURIG Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes KEURIG®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.KEURIGdrpepper.com ... SOURCE KEURIG Dr Pepper Inc.

KEURIG DR PEPPER TO ACQUIRE GLOBAL RIGHTS TO NON-ALCOHOLIC BRAND ATYPIQUE ... and FRISCO, Texas , June 23, 2022 /PRNewswire/ -- KEURIG Dr Pepper Inc ... "At KEURIG Dr Pepper, we strongly believe in innovation to drive growth to meet the evolving beverage needs of consumers," said Ozan Dokmecioglu , CFO & President of International ... "We are excited to add this new platform to our powerful portfolio in Canada , and the global rights to Atypique provides optionality to further expand the brand's growth potential." Olivier Lemire , President of KEURIG Dr Pepper Canada, added, "Atypique is a great complement to our successful ready-to-drink alcohol portfolio, and we look forward to continue innovating around this brand to drive accelerated growth." "We were looking for the best way to bring Atypique to the next level ... This agreement represents an exceptional opportunity to work with a beverage industry leader, and KEURIG Dr Pepper will bring market knowledge and strength to the Atypique brand," said Jonathan Robin , President, Station Agro-Biotech ... I can't wait to see where this will take Atypique." About KEURIG Dr Pepper KEURIG Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes KEURIG®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.KEURIGdrpepper.com ... To learn more about Station Agro-Biotech: stationabt.com Learn more about Atypique here: lesbreuvagesatypique.com | Instagram | Facebook | YouTube CONTACT: Katie Gilroy KEURIG Dr Pepper 781-418-3345 katie.gilroy@kdrp.com SOURCE KEURIG Dr Pepper Inc.

Keurig Dr Pepper Outlines Strong Progress Toward Ambitious Corporate Responsibility Commitments ... and FRISCO, Texas , June 27, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... About Keurig Dr Pepper Keurig Dr Pepper ( KDP ) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig ®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple ®, Bai ®, Mott's ®, CORE® and The Original Donut Shop® ... Keurigdrpepper ... Media Contacts: Katie Gilroy Keurig Dr Pepper T : 781-418-3345 / katie.gilroy@kdrp.com Laren Marra Keurig Dr Pepper T : 773-865-3522 / laren.marra@kdrp.com Investor Contact: Steve Alexander Keurig Dr Pepper T : 972-673-6769/ steve.alexander@kdrp.com 1 Facilities in our responsibly sourced brewer scope make up about 40% of our total current suppliers SOURCE Keurig Dr Pepper Inc.

Keurig Welcomes Intelligentsia Coffee into Vast Portfolio of Brands ... and FRISCO, Texas and CHICAGO , June 30, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... (NASDAQ: KDP) and Intelligentsia Coffee today announced the launch of Intelligentsia in K-Cup® pods for the Keurig® brewing system, marking the first time the super-premium coffee brand will be offered to consumers in this format ... With an unyielding commitment to providing extraordinary coffee quality, the Intelligentsia and Keurig partnership is grounded in innovation ... New features within the Keurig brewing system, such as MultiStream™ technology, which uses five streams instead of one to thoroughly and evenly saturate the grounds to extract full flavor and aroma, ensures beloved artisanal brands like Intelligentsia will deliver the quality and taste consumers expect in every Keurig brew ... Additionally, signature BrewID™ technology introduced in Keurig's first connected brewer, the K-Supreme Plus® SMART , recognizes the specific K-Cup pod brand, variety and roast and customizes the brew settings to make each cup distinctively delicious ... Mauricio Leyva , President of Coffee for Keurig Dr Pepper said, "The addition of a super-premium brand like Intelligentsia into the Keurig partner ecosystem is a testament to the quality of coffee Keurig brewers can deliver and our ability to offer premium coffee experiences ... "We recently began working with the Keurig team and are impressed with their technological advancements in the brewers ... We carefully selected the green coffee, went through dozens of roast profiles, and collaborated with Keurig to achieve the finest grind and best taste available for Intelligentsia in a K-Cup pod." Launching this month with retailers across the country as well as on Keurig.com , Intelligentsia.com and Amazon.com, Intelligentsia K-Cup pods will be offered in two distinct varieties: Intelligentsia House is designed to showcase the intrinsic sweetness and lively fruit flavors that characterize one's favorite coffees ... About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... Media Contacts: Keurig Dr Pepper Katie Gilroy T: 781-418-3345 katie.gilroy@kdrp.com Intelligentsia Coffee Lisa Strangis T: 818-219-5049 lisa@makemehungry.com Investor Contact: Keurig Dr Pepper Steve Alexander T: 972-673-6769 steve.alexander@kdrp.com SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper To Report Second Quarter 2022 Results And Host Conference Call ... and FRISCO, Texas , July 7, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... Investors and analysts may access the call by dialing (877) 270-2148 within the United States or Canada and (412) 902-6510 internationally and referencing the Keurig Dr Pepper call ... Access to a live audio webcast and replay of the event will be available in the Investors section of the Company's corporate website, www.Keurigdrpepper.com ... Investors: Steve Alexander Keurig Dr Pepper T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela Keurig Dr Pepper chethan.mallela@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper ( KDP ) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig ®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple ®, Bai ®, Mott's ®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

KEURIG DR PEPPER ANNOUNCES EXECUTIVE LEADERSHIP TEAM CHANGES IN ADVANCE OF CEO TRANSITION ... and FRISCO, Texas , July 19, 2022 /PRNewswire/ -- KEURIG Dr Pepper Inc ... Hopkins will continue to serve in an advisory role in 2023 to Gamgort and Dokmecioglu, with whom he has partnered for the past six years to transform KEURIG Green Mountain (KGM), lead the successful integration of the KDP merger and drive outsized growth for KDP's cold business ... I am also grateful to David for his strong leadership, expertise and development of our R&D function and wish him well in his retirement." About KEURIG Dr Pepper KEURIG Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes the owned brands of KEURIG®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.KEURIGdrpepper.com ... Investor Contact : Steve Alexander KEURIG Dr Pepper T: 972-673-6769 / steve.alexander@kdrp.com Media Contact : Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com SOURCE KEURIG Dr Pepper Inc.

Keurig and BLK & Bold Coffee Announce New K-Cup Pod Partnership ... Agreement makes available the largest Black-owned coffee brand to the 36 million+ households with a Keurig brewer BURLINGTON, Mass ... , FRISCO, Texas and DES MOINES, Iowa , July 27, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... (NASDAQ: KDP) and BLK & Bold Specialty Beverages today announced the launch of BLK & Bold coffees in K-Cup® pods for the Keurig® brewing system ... In support of that pledge and in conjunction with the launch of BLK & Bold K-Cup pods, Keurig is donating to the Coffee Coalition for Racial Equity (CCRE), a nonprofit committed to building a racially diverse & equitable coffee industry ... Mauricio Leyva , President of Coffee for Keurig Dr Pepper said, "BLK & Bold's inspiring mission to support organizations that help communities across America is as exceptional as their delicious coffee blends ... We are pleased to introduce both to the millions of Keurig households and be a partner in advancing their efforts." "We're beyond excited to work with Keurig Dr Pepper in a way that continues our mission to turn the daily ritual of enjoying a cup of coffee into a means of giving back," said BLK & Bold Co-Founder and CEO Pernell Cezar ... "Partnering with the iconic Keurig brand advances our mission to support underserved communities while we serve more households our premium product and community impact proposition." Beginning this August, three Fair Trade-certified BLK & Bold blends will hit shelves nationwide on BLK & Bold and Keurig digital platforms and at Target and Albertson's, with more retailers to be added throughout the year ... New features within the Keurig brewing system that BLK & Bold will benefit from include MultiStream™ technology, which uses five streams of water to thoroughly saturate the coffee grounds and extract full flavor and aroma from each K-Cup pod ... In addition, Keurig's signature BrewID™ technology – recently introduced in Keurig's first connected brewer, the K-Supreme Plus® SMART – recognizes the specific K-Cup pod brand, variety and roast and customizes the brew settings to make each cup distinctively delicious ... About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit https://www.Keurigdrpepper.com/ ... Media Contacts: Keurig Dr Pepper Katie Gilroy T: 781-418-3345 katie.gilroy@kdrp.com BLK & Bold Rod Johnson T: 219.902.8687 rod@blkandbold.com Investor Contact: Keurig Dr Pepper Steve Alexander T: 972-673-6769 steve.alexander@kdrp.com SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Reports Strong Q2 2022 Results and Raises Full-Year Net Sales Guidance ... and FRISCO, Texas , July 28, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... \t\t\t \t\t \t\t \t\t\t \t\t\t 2 Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 6/26/2022 ...    Investor Contacts: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela chethan.mallela@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ...   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED STATEMENTS OF INCOME \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t Second Quarter \t\t\t \t\t\t   \t\t\t \t\t\t First Six Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions, except per share data) \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t   \t\t\t \t\t\t 2021 \t\t\t \t\t\t   \t\t\t \t\t\t 2022 \t\t\t \t\t\t   \t\t\t \t\t\t 2021 \t\t\t \t\t \t\t \t\t\t \t\t\t Net sales \t\t\t \t\t\t \t\t\t $          3,554 \t\t\t \t\t\t   \t\t\t \t\t\t $          3,140 \t\t\t \t\t\t   \t\t\t \t\t\t $          6,632 \t\t\t \t\t\t   \t\t\t \t\t\t $          6,042 \t\t\t \t\t \t\t \t\t\t \t\t\t Cost of sales \t\t\t \t\t\t \t\t\t 1,778 \t\t\t \t\t\t   \t\t\t \t\t\t 1,370 \t\t\t \t\t\t   \t\t\t \t\t\t 3,206 \t\t\t \t\t\t   \t\t\t \t\t\t 2,672 \t\t\t \t\t \t\t \t\t\t \t\t\t Gross profit \t\t\t \t\t\t \t\t\t 1,776 \t\t\t \t\t\t   \t\t\t \t\t\t 1,770 \t\t\t \t\t\t   \t\t\t \t\t\t 3,426 \t\t\t \t\t\t   \t\t\t \t\t\t 3,370 \t\t\t \t\t \t\t \t\t\t \t\t\t Selling, general and administrative expenses \t\t\t \t\t\t \t\t\t 1,204 \t\t\t \t\t\t   \t\t\t \t\t\t 1,039 \t\t\t \t\t\t   \t\t\t \t\t\t 2,222 \t\t\t \t\t\t   \t\t\t \t\t\t 2,000 \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on litigation settlement \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (299) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Other operating income, net \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (3) \t\t\t \t\t\t   \t\t\t \t\t\t (35) \t\t\t \t\t\t   \t\t\t \t\t\t (4) \t\t\t \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t \t\t\t 572 \t\t\t \t\t\t   \t\t\t \t\t\t 734 \t\t\t \t\t\t   \t\t\t \t\t\t 1,538 \t\t\t \t\t\t   \t\t\t \t\t\t 1,374 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 175 \t\t\t \t\t\t   \t\t\t \t\t\t 125 \t\t\t \t\t\t   \t\t\t \t\t\t 363 \t\t\t \t\t\t   \t\t\t \t\t\t 265 \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t 169 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 217 \t\t\t \t\t\t   \t\t\t \t\t\t 105 \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on sale of equity method investment \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (50) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of investments and note receivable \t\t\t \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 12 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Other expense (income), net \t\t\t \t\t\t \t\t\t 9 \t\t\t \t\t\t   \t\t\t \t\t\t (4) \t\t\t \t\t\t   \t\t\t \t\t\t 18 \t\t\t \t\t\t   \t\t\t \t\t\t (7) \t\t\t \t\t \t\t \t\t\t \t\t\t Income before provision for income taxes \t\t\t \t\t\t \t\t\t 213 \t\t\t \t\t\t   \t\t\t \t\t\t 613 \t\t\t \t\t\t   \t\t\t \t\t\t 978 \t\t\t \t\t\t   \t\t\t \t\t\t 1,011 \t\t\t \t\t \t\t \t\t\t \t\t\t (Benefit) provision for income taxes \t\t\t \t\t\t \t\t\t (5) \t\t\t \t\t\t   \t\t\t \t\t\t 165 \t\t\t \t\t\t   \t\t\t \t\t\t 175 \t\t\t \t\t\t   \t\t\t \t\t\t 238 \t\t\t \t\t \t\t \t\t\t \t\t\t Net income including non-controlling interest \t\t\t \t\t\t \t\t\t 218 \t\t\t \t\t\t   \t\t\t \t\t\t 448 \t\t\t \t\t\t   \t\t\t \t\t\t 803 \t\t\t \t\t\t   \t\t\t \t\t\t 773 \t\t\t \t\t \t\t \t\t\t \t\t\t Less: Net loss attributable to non-controlling interest \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Net income attributable to KDP \t\t\t \t\t\t \t\t\t $            218 \t\t\t \t\t\t   \t\t\t \t\t\t $            448 \t\t\t \t\t\t   \t\t\t \t\t\t $            803 \t\t\t \t\t\t   \t\t\t \t\t\t $            773 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Earnings per common share: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Basic \t\t\t \t\t\t \t\t\t $           0.15 \t\t\t \t\t\t   \t\t\t \t\t\t $           0.32 \t\t\t \t\t\t   \t\t\t \t\t\t $           0.57 \t\t\t \t\t\t   \t\t\t \t\t\t $           0.55 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 0.15 \t\t\t \t\t\t   \t\t\t \t\t\t 0.31 \t\t\t \t\t\t   \t\t\t \t\t\t 0.56 \t\t\t \t\t\t   \t\t\t \t\t\t 0.54 \t\t\t \t\t \t\t \t\t\t \t\t\t Weighted average common shares outstanding: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Basic \t\t\t \t\t\t \t\t\t 1,417.5 \t\t\t \t\t\t   \t\t\t \t\t\t 1,417.4 \t\t\t \t\t\t   \t\t\t \t\t\t 1,417.8 \t\t\t \t\t\t   \t\t\t \t\t\t 1,413.4 \t\t\t \t\t \t\t \t\t\t \t\t\t Diluted \t\t\t \t\t\t \t\t\t 1,428.6 \t\t\t \t\t\t   \t\t\t \t\t\t 1,428.1 \t\t\t \t\t\t   \t\t\t \t\t\t 1,429.2 \t\t\t \t\t\t   \t\t\t \t\t\t 1,426.9 \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED BALANCE SHEETS \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t June 30, \t\t\t \t\t\t   \t\t\t \t\t\t December 31, \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions, except share and per share data) \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t   \t\t\t \t\t\t 2021 \t\t\t \t\t \t\t \t\t\t \t\t\t Assets \t\t\t \t\t \t\t \t\t\t \t\t\t Current assets: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Cash and cash equivalents \t\t\t \t\t\t \t\t\t $                552 \t\t\t \t\t\t   \t\t\t \t\t\t $                567 \t\t\t \t\t \t\t \t\t\t \t\t\t Restricted cash and cash equivalents \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t \t\t \t\t\t \t\t\t Trade accounts receivable, net \t\t\t \t\t\t \t\t\t 1,326 \t\t\t \t\t\t   \t\t\t \t\t\t 1,148 \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t 1,239 \t\t\t \t\t\t   \t\t\t \t\t\t 894 \t\t\t \t\t \t\t \t\t\t \t\t\t Prepaid expenses and other current assets \t\t\t \t\t\t \t\t\t 652 \t\t\t \t\t\t   \t\t\t \t\t\t 447 \t\t\t \t\t \t\t \t\t\t \t\t\t Total current assets \t\t\t \t\t\t \t\t\t 3,771 \t\t\t \t\t\t   \t\t\t \t\t\t 3,057 \t\t\t \t\t \t\t \t\t\t \t\t\t Property, plant and equipment, net \t\t\t \t\t\t \t\t\t 2,446 \t\t\t \t\t\t   \t\t\t \t\t\t 2,494 \t\t\t \t\t \t\t \t\t\t \t\t\t Investments in unconsolidated affiliates \t\t\t \t\t\t \t\t\t 78 \t\t\t \t\t\t   \t\t\t \t\t\t 30 \t\t\t \t\t \t\t \t\t\t \t\t\t Goodwill \t\t\t \t\t\t \t\t\t 20,163 \t\t\t \t\t\t   \t\t\t \t\t\t 20,182 \t\t\t \t\t \t\t \t\t\t \t\t\t Other intangible assets, net \t\t\t \t\t\t \t\t\t 23,774 \t\t\t \t\t\t   \t\t\t \t\t\t 23,856 \t\t\t \t\t \t\t \t\t\t \t\t\t Other non-current assets \t\t\t \t\t\t \t\t\t 1,159 \t\t\t \t\t\t   \t\t\t \t\t\t 937 \t\t\t \t\t \t\t \t\t\t \t\t\t Deferred tax assets \t\t\t \t\t\t \t\t\t 37 \t\t\t \t\t\t   \t\t\t \t\t\t 42 \t\t\t \t\t \t\t \t\t\t \t\t\t Total assets \t\t\t \t\t\t \t\t\t $           51,428 \t\t\t \t\t\t   \t\t\t \t\t\t $           50,598 \t\t\t \t\t \t\t \t\t\t \t\t\t Liabilities and Stockholders' Equity \t\t\t \t\t \t\t \t\t\t \t\t\t Current liabilities: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Accounts payable \t\t\t \t\t\t \t\t\t $             4,950 \t\t\t \t\t\t   \t\t\t \t\t\t $             4,316 \t\t\t \t\t \t\t \t\t\t \t\t\t Accrued expenses \t\t\t \t\t\t \t\t\t 1,106 \t\t\t \t\t\t   \t\t\t \t\t\t 1,110 \t\t\t \t\t \t\t \t\t\t \t\t\t Structured payables \t\t\t \t\t\t \t\t\t 145 \t\t\t \t\t\t   \t\t\t \t\t\t 142 \t\t\t \t\t \t\t \t\t\t \t\t\t Short-term borrowings and current portion of long-term obligations \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 304 \t\t\t \t\t \t\t \t\t\t \t\t\t Other current liabilities \t\t\t \t\t\t \t\t\t 560 \t\t\t \t\t\t   \t\t\t \t\t\t 613 \t\t\t \t\t \t\t \t\t\t \t\t\t Total current liabilities \t\t\t \t\t\t \t\t\t 6,761 \t\t\t \t\t\t   \t\t\t \t\t\t 6,485 \t\t\t \t\t \t\t \t\t\t \t\t\t Long-term obligations \t\t\t \t\t\t \t\t\t 11,555 \t\t\t \t\t\t   \t\t\t \t\t\t 11,578 \t\t\t \t\t \t\t \t\t\t \t\t\t Deferred tax liabilities \t\t\t \t\t\t \t\t\t 6,007 \t\t\t \t\t\t   \t\t\t \t\t\t 5,986 \t\t\t \t\t \t\t \t\t\t \t\t\t Other non-current liabilities \t\t\t \t\t\t \t\t\t 1,714 \t\t\t \t\t\t   \t\t\t \t\t\t 1,577 \t\t\t \t\t \t\t \t\t\t \t\t\t Total liabilities \t\t\t \t\t\t \t\t\t 26,037 \t\t\t \t\t\t   \t\t\t \t\t\t 25,626 \t\t\t \t\t \t\t \t\t\t \t\t\t Commitments and contingencies \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Stockholders' equity: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares \t\t\tissued \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Common stock, $0.01 par value, 2,000,000,000 shares authorized, \t\t\t1,416,072,925 and 1,418,119,197 shares issued and outstanding as of June \t\t\t30, 2022 and December 31, 2021, respectively \t\t\t \t\t\t \t\t\t 14 \t\t\t \t\t\t   \t\t\t \t\t\t 14 \t\t\t \t\t \t\t \t\t\t \t\t\t Additional paid-in capital \t\t\t \t\t\t \t\t\t 21,701 \t\t\t \t\t\t   \t\t\t \t\t\t 21,785 \t\t\t \t\t \t\t \t\t\t \t\t\t Retained earnings \t\t\t \t\t\t \t\t\t 3,471 \t\t\t \t\t\t   \t\t\t \t\t\t 3,199 \t\t\t \t\t \t\t \t\t\t \t\t\t Accumulated other comprehensive income (loss) \t\t\t \t\t\t \t\t\t 205 \t\t\t \t\t\t   \t\t\t \t\t\t (26) \t\t\t \t\t \t\t \t\t\t \t\t\t Total stockholders' equity \t\t\t \t\t\t \t\t\t 25,391 \t\t\t \t\t\t   \t\t\t \t\t\t 24,972 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-controlling interest \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Total equity \t\t\t \t\t\t \t\t\t 25,391 \t\t\t \t\t\t   \t\t\t \t\t\t 24,972 \t\t\t \t\t \t\t \t\t\t \t\t\t Total liabilities and stockholders' equity \t\t\t \t\t\t \t\t\t $           51,428 \t\t\t \t\t\t   \t\t\t \t\t\t $           50,598 \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t First Six Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t   \t\t\t \t\t\t 2021 \t\t\t \t\t \t\t \t\t\t \t\t\t Operating activities: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Net income attributable to KDP \t\t\t \t\t\t \t\t\t $                  803 \t\t\t \t\t\t   \t\t\t \t\t\t $                  773 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjustments to reconcile net income to net cash provided by operating activities: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Depreciation expense \t\t\t \t\t\t \t\t\t 205 \t\t\t \t\t\t   \t\t\t \t\t\t 206 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 67 \t\t\t \t\t\t   \t\t\t \t\t\t 67 \t\t\t \t\t \t\t \t\t\t \t\t\t Other amortization expense \t\t\t \t\t\t \t\t\t 86 \t\t\t \t\t\t   \t\t\t \t\t\t 80 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for sales returns \t\t\t \t\t\t \t\t\t 25 \t\t\t \t\t\t   \t\t\t \t\t\t 32 \t\t\t \t\t \t\t \t\t\t \t\t\t Deferred income taxes \t\t\t \t\t\t \t\t\t (52) \t\t\t \t\t\t   \t\t\t \t\t\t (12) \t\t\t \t\t \t\t \t\t\t \t\t\t Employee stock-based compensation expense \t\t\t \t\t\t \t\t\t 12 \t\t\t \t\t\t   \t\t\t \t\t\t 48 \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t 217 \t\t\t \t\t\t   \t\t\t \t\t\t 105 \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on sale of equity method investment \t\t\t \t\t\t \t\t\t (50) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on disposal of property, plant and equipment \t\t\t \t\t\t \t\t\t (33) \t\t\t \t\t\t   \t\t\t \t\t\t (4) \t\t\t \t\t \t\t \t\t\t \t\t\t Unrealized loss (gain) on foreign currency \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t (15) \t\t\t \t\t \t\t \t\t\t \t\t\t Unrealized loss (gain) on derivatives \t\t\t \t\t\t \t\t\t 187 \t\t\t \t\t\t   \t\t\t \t\t\t (72) \t\t\t \t\t \t\t \t\t\t \t\t\t Settlements of interest rate contracts \t\t\t \t\t\t \t\t\t 125 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Equity in losses of unconsolidated affiliates \t\t\t \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment on investments and note receivable of unconsolidated affiliates \t\t\t \t\t\t \t\t\t 12 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t 22 \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t \t\t \t\t\t \t\t\t Changes in assets and liabilities: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Trade accounts receivable \t\t\t \t\t\t \t\t\t (206) \t\t\t \t\t\t   \t\t\t \t\t\t (41) \t\t\t \t\t \t\t \t\t\t \t\t\t Inventories \t\t\t \t\t\t \t\t\t (346) \t\t\t \t\t\t   \t\t\t \t\t\t (131) \t\t\t \t\t \t\t \t\t\t \t\t\t Income taxes receivable and payables, net \t\t\t \t\t\t \t\t\t (245) \t\t\t \t\t\t   \t\t\t \t\t\t (65) \t\t\t \t\t \t\t \t\t\t \t\t\t Other current and non-current assets \t\t\t \t\t\t \t\t\t (340) \t\t\t \t\t\t   \t\t\t \t\t\t (131) \t\t\t \t\t \t\t \t\t\t \t\t\t Accounts payable and accrued expenses \t\t\t \t\t\t \t\t\t 680 \t\t\t \t\t\t   \t\t\t \t\t\t 293 \t\t\t \t\t \t\t \t\t\t \t\t\t Other current and non-current liabilities \t\t\t \t\t\t \t\t\t 163 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Net change in operating assets and liabilities \t\t\t \t\t\t \t\t\t (294) \t\t\t \t\t\t   \t\t\t \t\t\t (73) \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash provided by operating activities \t\t\t \t\t\t \t\t\t 1,339 \t\t\t \t\t\t   \t\t\t \t\t\t 1,139 \t\t\t \t\t \t\t \t\t\t \t\t\t Investing activities: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Proceeds from sale of investment in unconsolidated affiliates \t\t\t \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Purchases of property, plant and equipment \t\t\t \t\t\t \t\t\t (186) \t\t\t \t\t\t   \t\t\t \t\t\t (204) \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from sales of property, plant and equipment \t\t\t \t\t\t \t\t\t 78 \t\t\t \t\t\t   \t\t\t \t\t\t 15 \t\t\t \t\t \t\t \t\t\t \t\t\t Purchases of intangibles \t\t\t \t\t\t \t\t\t (10) \t\t\t \t\t\t   \t\t\t \t\t\t (12) \t\t\t \t\t \t\t \t\t\t \t\t\t Issuance of related party note receivable \t\t\t \t\t\t \t\t\t (18) \t\t\t \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t \t\t \t\t\t \t\t\t Investments in unconsolidated affiliates \t\t\t \t\t\t \t\t\t (48) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash used in investing activities \t\t\t \t\t\t \t\t\t (131) \t\t\t \t\t\t   \t\t\t \t\t\t (200) \t\t\t \t\t \t\t \t\t\t \t\t\t Financing activities: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Proceeds from issuance of Notes \t\t\t \t\t\t \t\t\t 3,000 \t\t\t \t\t\t   \t\t\t \t\t\t 2,150 \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of Notes \t\t\t \t\t\t \t\t\t (3,365) \t\t\t \t\t\t   \t\t\t \t\t\t (3,595) \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from issuance of commercial paper \t\t\t \t\t\t \t\t\t 500 \t\t\t \t\t\t   \t\t\t \t\t\t 2,776 \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of commercial paper \t\t\t \t\t\t \t\t\t (649) \t\t\t \t\t\t   \t\t\t \t\t\t (1,453) \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of 2019 KDP Term Loan \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (425) \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from structured payables \t\t\t \t\t\t \t\t\t 79 \t\t\t \t\t\t   \t\t\t \t\t\t 73 \t\t\t \t\t \t\t \t\t\t \t\t\t Repayments of structured payables \t\t\t \t\t\t \t\t\t (75) \t\t\t \t\t\t   \t\t\t \t\t\t (81) \t\t\t \t\t \t\t \t\t\t \t\t\t Cash dividends paid \t\t\t \t\t\t \t\t\t (531) \t\t\t \t\t\t   \t\t\t \t\t\t (424) \t\t\t \t\t \t\t \t\t\t \t\t\t Repurchases of common stock \t\t\t \t\t\t \t\t\t (88) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from issuance of common stock \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 140 \t\t\t \t\t \t\t \t\t\t \t\t\t Tax withholdings related to net share settlements \t\t\t \t\t\t \t\t\t (8) \t\t\t \t\t\t   \t\t\t \t\t\t (125) \t\t\t \t\t \t\t \t\t\t \t\t\t Payments on finance leases \t\t\t \t\t\t \t\t\t (41) \t\t\t \t\t\t   \t\t\t \t\t\t (27) \t\t\t \t\t \t\t \t\t\t \t\t\t Other, net \t\t\t \t\t\t \t\t\t (43) \t\t\t \t\t\t   \t\t\t \t\t\t (37) \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash used in financing activities \t\t\t \t\t\t \t\t\t (1,221) \t\t\t \t\t\t   \t\t\t \t\t\t (1,028) \t\t\t \t\t \t\t \t\t\t \t\t\t Cash, cash equivalents, and restricted cash and cash equivalents: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Net change from operating, investing and financing activities \t\t\t \t\t\t \t\t\t (13) \t\t\t \t\t\t   \t\t\t \t\t\t (89) \t\t\t \t\t \t\t \t\t\t \t\t\t Effect of exchange rate changes \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t \t\t \t\t\t \t\t\t Beginning balance \t\t\t \t\t\t \t\t\t 568 \t\t\t \t\t\t   \t\t\t \t\t\t 255 \t\t\t \t\t \t\t \t\t\t \t\t\t Ending balance \t\t\t \t\t\t \t\t\t $                  554 \t\t\t \t\t\t   \t\t\t \t\t\t $                  170 \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF SEGMENT INFORMATION \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t Second Quarter \t\t\t \t\t\t   \t\t\t \t\t\t First Six Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t 2022 \t\t\t \t\t\t   \t\t\t \t\t\t 2021 \t\t\t \t\t\t   \t\t\t \t\t\t 2022 \t\t\t \t\t\t   \t\t\t \t\t\t 2021 \t\t\t \t\t \t\t \t\t\t \t\t\t Net Sales \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $            1,195 \t\t\t \t\t\t   \t\t\t \t\t\t $            1,101 \t\t\t \t\t\t   \t\t\t \t\t\t $            2,288 \t\t\t \t\t\t   \t\t\t \t\t\t $            2,243 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 1,689 \t\t\t \t\t\t   \t\t\t \t\t\t 1,498 \t\t\t \t\t\t   \t\t\t \t\t\t 3,169 \t\t\t \t\t\t   \t\t\t \t\t\t 2,805 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 460 \t\t\t \t\t\t   \t\t\t \t\t\t 375 \t\t\t \t\t\t   \t\t\t \t\t\t 819 \t\t\t \t\t\t   \t\t\t \t\t\t 703 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 210 \t\t\t \t\t\t   \t\t\t \t\t\t 166 \t\t\t \t\t\t   \t\t\t \t\t\t 356 \t\t\t \t\t\t   \t\t\t \t\t\t 291 \t\t\t \t\t \t\t \t\t\t \t\t\t Total net sales \t\t\t \t\t\t \t\t\t $            3,554 \t\t\t \t\t\t   \t\t\t \t\t\t $            3,140 \t\t\t \t\t\t   \t\t\t \t\t\t $            6,632 \t\t\t \t\t\t   \t\t\t \t\t\t $            6,042 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Income from Operations \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t \t\t\t $              315 \t\t\t \t\t\t   \t\t\t \t\t\t $              355 \t\t\t \t\t\t   \t\t\t \t\t\t $              583 \t\t\t \t\t\t   \t\t\t \t\t\t $              723 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t \t\t\t 232 \t\t\t \t\t\t   \t\t\t \t\t\t 261 \t\t\t \t\t\t   \t\t\t \t\t\t 718 \t\t\t \t\t\t   \t\t\t \t\t\t 440 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t \t\t\t 324 \t\t\t \t\t\t   \t\t\t \t\t\t 255 \t\t\t \t\t\t   \t\t\t \t\t\t 568 \t\t\t \t\t\t   \t\t\t \t\t\t 493 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t \t\t\t 36 \t\t\t \t\t\t   \t\t\t \t\t\t 75 \t\t\t \t\t\t   \t\t\t \t\t\t 58 \t\t\t \t\t \t\t \t\t\t \t\t\t Unallocated corporate costs \t\t\t \t\t\t \t\t\t (349) \t\t\t \t\t\t   \t\t\t \t\t\t (173) \t\t\t \t\t\t   \t\t\t \t\t\t (406) \t\t\t \t\t\t   \t\t\t \t\t\t (340) \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t \t\t\t $              572 \t\t\t \t\t\t   \t\t\t \t\t\t $              734 \t\t\t \t\t\t   \t\t\t \t\t\t $            1,538 \t\t\t \t\t\t   \t\t\t \t\t\t $            1,374 \t\t\t \t\t \t   Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF CERTAIN NON-GAAP INFORMATION \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t Cost of sales \t\t\t \t\t\t   \t\t\t \t\t\t Gross profit \t\t\t \t\t\t   \t\t\t \t\t\t Gross margin \t\t\t \t\t\t   \t\t\t \t\t\t Selling, general and administrative expenses \t\t\t \t\t\t   \t\t\t \t\t\t Gain on litigation settlement \t\t\t \t\t\t   \t\t\t \t\t\t Other operating income, net \t\t\t \t\t\t   \t\t\t \t\t\t Income from operations \t\t\t \t\t\t   \t\t\t \t\t\t Operating margin \t\t\t \t\t \t\t \t\t\t \t\t\t For the Second Quarter of 2022 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t $         1,778 \t\t\t \t\t\t   \t\t\t \t\t\t $         1,776 \t\t\t \t\t\t   \t\t\t \t\t\t 50.0 % \t\t\t \t\t\t   \t\t\t \t\t\t $                      1,204 \t\t\t \t\t\t   \t\t\t \t\t\t $              — \t\t\t \t\t\t   \t\t\t \t\t\t $                  — \t\t\t \t\t\t   \t\t\t \t\t\t $            572 \t\t\t \t\t\t   \t\t\t \t\t\t 16.1 % \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t (138) \t\t\t \t\t\t   \t\t\t \t\t\t 138 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 138 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (33) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 33 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (5) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Restructuring and integration costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (23) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 22 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t (28) \t\t\t \t\t\t   \t\t\t \t\t\t 28 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (24) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 52 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (3) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t (3) \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (1) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (1) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Foundational projects \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t $         1,609 \t\t\t \t\t\t   \t\t\t \t\t\t $         1,945 \t\t\t \t\t\t   \t\t\t \t\t\t 54.7 % \t\t\t \t\t\t   \t\t\t \t\t\t $                      1,112 \t\t\t \t\t\t   \t\t\t \t\t\t $              — \t\t\t \t\t\t   \t\t\t \t\t\t $                    1 \t\t\t \t\t\t   \t\t\t \t\t\t $            832 \t\t\t \t\t\t   \t\t\t \t\t\t 23.4 % \t\t\t \t\t \t\t \t\t\t \t\t\t Impact of foreign currency \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t — % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t — % \t\t\t \t\t \t\t \t\t\t \t\t\t Constant currency adjusted \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 54.7 % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 23.4 % \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t For the Second Quarter of 2021 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t $         1,370 \t\t\t \t\t\t   \t\t\t \t\t\t $         1,770 \t\t\t \t\t\t   \t\t\t \t\t\t 56.4 % \t\t\t \t\t\t   \t\t\t \t\t\t $                      1,039 \t\t\t \t\t\t   \t\t\t \t\t\t $              — \t\t\t \t\t\t   \t\t\t \t\t\t $                   (3) \t\t\t \t\t\t   \t\t\t \t\t\t $            734 \t\t\t \t\t\t   \t\t\t \t\t\t 23.4 % \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t 17 \t\t\t \t\t\t   \t\t\t \t\t\t (17) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 21 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (38) \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (34) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 34 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (5) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Restructuring and integration costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (49) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 49 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t (14) \t\t\t \t\t\t   \t\t\t \t\t\t 14 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (24) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 38 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (6) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t (7) \t\t\t \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (4) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 11 \t\t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t $         1,366 \t\t\t \t\t\t   \t\t\t \t\t\t $         1,774 \t\t\t \t\t\t   \t\t\t \t\t\t 56.5 % \t\t\t \t\t\t   \t\t\t \t\t\t $                         938 \t\t\t \t\t\t   \t\t\t \t\t\t $              — \t\t\t \t\t\t   \t\t\t \t\t\t $                   (3) \t\t\t \t\t\t   \t\t\t \t\t\t $            839 \t\t\t \t\t\t   \t\t\t \t\t\t 26.7 % \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF CERTAIN NON-GAAP INFORMATION \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t Interest expense \t\t\t \t\t\t   \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t   \t\t\t \t\t\t Impairment of investments and note receivable \t\t\t \t\t\t   \t\t\t \t\t\t Other expense (income), net \t\t\t \t\t\t   \t\t\t \t\t\t Income before provision for income taxes \t\t\t \t\t\t   \t\t\t \t\t\t (Benefit) provision for income taxes \t\t\t \t\t\t   \t\t\t \t\t\t Effective tax rate \t\t\t \t\t\t   \t\t\t \t\t\t Net income attributable to KDP \t\t\t \t\t\t   \t\t\t \t\t\t Diluted earnings per share \t\t\t \t\t \t\t \t\t\t \t\t\t For the Second Quarter of 2022 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t $   175 \t\t\t \t\t\t   \t\t\t \t\t\t $                 169 \t\t\t \t\t\t   \t\t\t \t\t\t $                       6 \t\t\t \t\t\t   \t\t\t \t\t\t $                       9 \t\t\t \t\t\t   \t\t\t \t\t\t $               213 \t\t\t \t\t\t   \t\t\t \t\t\t $                    (5) \t\t\t \t\t\t   \t\t\t \t\t\t (2.3) % \t\t\t \t\t\t   \t\t\t \t\t\t $        218 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.15 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t (63) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 200 \t\t\t \t\t\t   \t\t\t \t\t\t 49 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 151 \t\t\t \t\t\t   \t\t\t \t\t\t 0.11 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 33 \t\t\t \t\t\t   \t\t\t \t\t\t 8 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 25 \t\t\t \t\t\t   \t\t\t \t\t\t 0.02 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of deferred financing costs \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of fair value debt adjustment \t\t\t \t\t\t \t\t\t (4) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring and integration costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 22 \t\t\t \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 17 \t\t\t \t\t\t   \t\t\t \t\t\t 0.01 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 52 \t\t\t \t\t\t   \t\t\t \t\t\t 10 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 42 \t\t\t \t\t\t   \t\t\t \t\t\t 0.03 \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of investment \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (6) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (169) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 169 \t\t\t \t\t\t   \t\t\t \t\t\t 43 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 126 \t\t\t \t\t\t   \t\t\t \t\t\t 0.09 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Foundational projects \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Change in deferred tax liabilities related to goodwill \t\t\tand other intangible assets \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (50) \t\t\t \t\t\t   \t\t\t \t\t\t (0.03) \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t $   107 \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                     — \t\t\t \t\t\t   \t\t\t \t\t\t $                     10 \t\t\t \t\t\t   \t\t\t \t\t\t $               715 \t\t\t \t\t\t   \t\t\t \t\t\t $                  161 \t\t\t \t\t\t   \t\t\t \t\t\t 22.5 % \t\t\t \t\t\t   \t\t\t \t\t\t $        554 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.39 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 0.1 % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 22.6 % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t For the Second Quarter of 2021 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t $   125 \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                     — \t\t\t \t\t\t   \t\t\t \t\t\t $                     (4) \t\t\t \t\t\t   \t\t\t \t\t\t $               613 \t\t\t \t\t\t   \t\t\t \t\t\t $                  165 \t\t\t \t\t\t   \t\t\t \t\t\t 26.9 % \t\t\t \t\t\t   \t\t\t \t\t\t $        448 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.31 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (37) \t\t\t \t\t\t   \t\t\t \t\t\t (9) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (28) \t\t\t \t\t\t   \t\t\t \t\t\t (0.02) \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 34 \t\t\t \t\t\t   \t\t\t \t\t\t 9 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 25 \t\t\t \t\t\t   \t\t\t \t\t\t 0.02 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of deferred financing costs \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of fair value of debt adjustment \t\t\t \t\t\t \t\t\t (4) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring and integration costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 49 \t\t\t \t\t\t   \t\t\t \t\t\t 11 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 38 \t\t\t \t\t\t   \t\t\t \t\t\t 0.03 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 38 \t\t\t \t\t\t   \t\t\t \t\t\t 10 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 28 \t\t\t \t\t\t   \t\t\t \t\t\t 0.02 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 11 \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 8 \t\t\t \t\t\t   \t\t\t \t\t\t 0.01 \t\t\t \t\t \t\t \t\t\t \t\t\t Change in deferred tax liabilities related to goodwill and other intangible assets \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (6) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t $   119 \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                     — \t\t\t \t\t\t   \t\t\t \t\t\t $                     (4) \t\t\t \t\t\t   \t\t\t \t\t\t $               724 \t\t\t \t\t\t   \t\t\t \t\t\t $                  186 \t\t\t \t\t\t   \t\t\t \t\t\t 25.7 % \t\t\t \t\t\t   \t\t\t \t\t\t $        538 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.38 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Change - adjusted \t\t\t \t\t\t \t\t\t (10.1) % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 3.0 % \t\t\t \t\t\t   \t\t\t \t\t\t 2.6 % \t\t\t \t\t \t\t \t\t\t \t\t\t Impact of foreign currency \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 0.3 % \t\t\t \t\t\t   \t\t\t \t\t\t — % \t\t\t \t\t \t\t \t\t\t \t\t\t Change - constant currency adjusted \t\t\t \t\t\t \t\t\t (10.1) % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 3.3 % \t\t\t \t\t\t   \t\t\t \t\t\t 2.6 % \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF CERTAIN NON-GAAP INFORMATION \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t Interest expense \t\t\t \t\t\t   \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t   \t\t\t \t\t\t Gain on sale of equity method investment \t\t\t \t\t\t   \t\t\t \t\t\t Impairment of investments and note receivable \t\t\t \t\t\t   \t\t\t \t\t\t Other expense (income), net \t\t\t \t\t\t   \t\t\t \t\t\t Income before provision for income taxes \t\t\t \t\t\t   \t\t\t \t\t\t (Benefit) provision for income taxes \t\t\t \t\t\t   \t\t\t \t\t\t Effective tax rate \t\t\t \t\t\t   \t\t\t \t\t\t Net income attributable to KDP \t\t\t \t\t\t   \t\t\t \t\t\t Diluted earnings per share \t\t\t \t\t \t\t \t\t\t \t\t\t For the First Six Months of 2022 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t $     363 \t\t\t \t\t\t   \t\t\t \t\t\t $                 217 \t\t\t \t\t\t   \t\t\t \t\t\t $                   (50) \t\t\t \t\t\t   \t\t\t \t\t\t $                     12 \t\t\t \t\t\t   \t\t\t \t\t\t $              18 \t\t\t \t\t\t   \t\t\t \t\t\t $               978 \t\t\t \t\t\t   \t\t\t \t\t\t $              175 \t\t\t \t\t\t   \t\t\t \t\t\t 17.9 % \t\t\t \t\t\t   \t\t\t \t\t\t $        803 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.56 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t (134) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t \t\t\t 189 \t\t\t \t\t\t   \t\t\t \t\t\t 47 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 142 \t\t\t \t\t\t   \t\t\t \t\t\t 0.10 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 67 \t\t\t \t\t\t   \t\t\t \t\t\t 17 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t \t\t\t 0.04 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of deferred financing costs \t\t\t \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of fair value debt adjustment \t\t\t \t\t\t \t\t\t (9) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 9 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t \t\t\t (3) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring and integration costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 58 \t\t\t \t\t\t   \t\t\t \t\t\t 14 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 44 \t\t\t \t\t\t   \t\t\t \t\t\t 0.03 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 102 \t\t\t \t\t\t   \t\t\t \t\t\t 22 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 80 \t\t\t \t\t\t   \t\t\t \t\t\t 0.06 \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of investment \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (12) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 12 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 12 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (217) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 217 \t\t\t \t\t\t   \t\t\t \t\t\t 54 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 163 \t\t\t \t\t\t   \t\t\t \t\t\t 0.12 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 9 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on litigation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (271) \t\t\t \t\t\t   \t\t\t \t\t\t (68) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (203) \t\t\t \t\t\t   \t\t\t \t\t\t (0.14) \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on sale of equity-method investment \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (50) \t\t\t \t\t\t   \t\t\t \t\t\t (12) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (38) \t\t\t \t\t\t   \t\t\t \t\t\t (0.03) \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Foundational projects \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Change in deferred tax liabilities related \t\t\tto goodwill and other intangible assets \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (50) \t\t\t \t\t\t   \t\t\t \t\t\t (0.03) \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t $     218 \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                     — \t\t\t \t\t\t   \t\t\t \t\t\t $              16 \t\t\t \t\t\t   \t\t\t \t\t\t $            1,330 \t\t\t \t\t\t   \t\t\t \t\t\t $              302 \t\t\t \t\t\t   \t\t\t \t\t\t 22.7 % \t\t\t \t\t\t   \t\t\t \t\t\t $     1,028 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.72 \t\t\t \t\t \t\t \t\t\t \t\t\t Impact of foreign currency \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t — % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Constant currency adjusted \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 22.7 % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF CERTAIN NON-GAAP INFORMATION \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t Interest expense \t\t\t \t\t\t   \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t   \t\t\t \t\t\t Gain on sale of equity method investment \t\t\t \t\t\t   \t\t\t \t\t\t Impairment of investments and note receivable \t\t\t \t\t\t   \t\t\t \t\t\t Other expense (income), net \t\t\t \t\t\t   \t\t\t \t\t\t Income before provision for income taxes \t\t\t \t\t\t   \t\t\t \t\t\t (Benefit) provision for income taxes \t\t\t \t\t\t   \t\t\t \t\t\t Effective tax rate \t\t\t \t\t\t   \t\t\t \t\t\t Net income attributable to KDP \t\t\t \t\t\t   \t\t\t \t\t\t Diluted earnings per share \t\t\t \t\t \t\t \t\t\t \t\t\t For the First Six Months of 2021 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Reported \t\t\t \t\t\t \t\t\t $     265 \t\t\t \t\t\t   \t\t\t \t\t\t $                 105 \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                     — \t\t\t \t\t\t   \t\t\t \t\t\t $               (7) \t\t\t \t\t\t   \t\t\t \t\t\t $            1,011 \t\t\t \t\t\t   \t\t\t \t\t\t $              238 \t\t\t \t\t\t   \t\t\t \t\t\t 23.5 % \t\t\t \t\t\t   \t\t\t \t\t\t $        773 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.54 \t\t\t \t\t \t\t \t\t\t \t\t\t Items Affecting Comparability: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (83) \t\t\t \t\t\t   \t\t\t \t\t\t (20) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (63) \t\t\t \t\t\t   \t\t\t \t\t\t (0.04) \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 67 \t\t\t \t\t\t   \t\t\t \t\t\t 17 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t \t\t\t 0.04 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of deferred financing costs \t\t\t \t\t\t \t\t\t (4) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of fair value of debt adjustment \t\t\t \t\t\t \t\t\t (10) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 10 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 8 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 11 \t\t\t \t\t\t   \t\t\t \t\t\t 14 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (3) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring and integration costs \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 92 \t\t\t \t\t\t   \t\t\t \t\t\t 22 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 70 \t\t\t \t\t\t   \t\t\t \t\t\t 0.05 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 71 \t\t\t \t\t\t   \t\t\t \t\t\t 18 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 53 \t\t\t \t\t\t   \t\t\t \t\t\t 0.04 \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (105) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 105 \t\t\t \t\t\t   \t\t\t \t\t\t 25 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 80 \t\t\t \t\t\t   \t\t\t \t\t\t 0.06 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 16 \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 13 \t\t\t \t\t\t   \t\t\t \t\t\t 0.01 \t\t\t \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 27 \t\t\t \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 20 \t\t\t \t\t\t   \t\t\t \t\t\t 0.01 \t\t\t \t\t \t\t \t\t\t \t\t\t Malware incident \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Change in deferred tax liabilities related to \t\t\tgoodwill and other intangible assets \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (6) \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted \t\t\t \t\t\t \t\t\t $     258 \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $                     — \t\t\t \t\t\t   \t\t\t \t\t\t $               (7) \t\t\t \t\t\t   \t\t\t \t\t\t $            1,329 \t\t\t \t\t\t   \t\t\t \t\t\t $              320 \t\t\t \t\t\t   \t\t\t \t\t\t 24.1 % \t\t\t \t\t\t   \t\t\t \t\t\t $     1,009 \t\t\t \t\t\t   \t\t\t \t\t\t $    0.71 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Change - adjusted \t\t\t \t\t\t \t\t\t (15.5) % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 1.9 % \t\t\t \t\t\t   \t\t\t \t\t\t 1.4 % \t\t\t \t\t \t\t \t\t\t \t\t\t Impact of foreign currency \t\t\t \t\t\t \t\t\t — % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 0.3 % \t\t\t \t\t\t   \t\t\t \t\t\t — % \t\t\t \t\t \t\t \t\t\t \t\t\t Change - Constant currency adjusted \t\t\t \t\t\t \t\t\t (15.5) % \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t \t\t\t 2.2 % \t\t\t \t\t\t   \t\t\t \t\t\t 1.4 % \t\t\t \t\t \t    \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF CERTAIN NON-GAAP INFORMATION \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t   \t\t\t \t\t\t Reported \t\t\t \t\t\t   \t\t\t \t\t\t Items Affecting \t\t\tComparability \t\t\t \t\t\t   \t\t\t \t\t\t Adjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the second quarter of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t $                            315 \t\t\t \t\t\t   \t\t\t \t\t\t $                              54 \t\t\t \t\t\t   \t\t\t \t\t\t $                            369 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 232 \t\t\t \t\t\t   \t\t\t \t\t\t 15 \t\t\t \t\t\t   \t\t\t \t\t\t 247 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 324 \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t 327 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t \t\t \t\t\t \t\t\t Unallocated corporate costs \t\t\t \t\t\t   \t\t\t \t\t\t (349) \t\t\t \t\t\t   \t\t\t \t\t\t 188 \t\t\t \t\t\t   \t\t\t \t\t\t (161) \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t   \t\t\t \t\t\t $                            572 \t\t\t \t\t\t   \t\t\t \t\t\t $                            260 \t\t\t \t\t\t   \t\t\t \t\t\t $                            832 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t For the second quarter of 2021: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t $                            355 \t\t\t \t\t\t   \t\t\t \t\t\t $                              49 \t\t\t \t\t\t   \t\t\t \t\t\t $                            404 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 261 \t\t\t \t\t\t   \t\t\t \t\t\t 28 \t\t\t \t\t\t   \t\t\t \t\t\t 289 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 255 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t 257 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 36 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 37 \t\t\t \t\t \t\t \t\t\t \t\t\t Unallocated corporate costs \t\t\t \t\t\t   \t\t\t \t\t\t (173) \t\t\t \t\t\t   \t\t\t \t\t\t 25 \t\t\t \t\t\t   \t\t\t \t\t\t (148) \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t   \t\t\t \t\t\t $                            734 \t\t\t \t\t\t   \t\t\t \t\t\t $                            105 \t\t\t \t\t\t   \t\t\t \t\t\t $                            839 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t \t\t\t Reported \t\t\t \t\t\t   \t\t\t \t\t\t Impact of Foreign Currency \t\t\t \t\t\t   \t\t\t \t\t\t Constant Currency \t\t\t \t\t \t\t \t\t\t \t\t\t For the second quarter of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Net sales \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t 8.5 % \t\t\t \t\t\t   \t\t\t \t\t\t 0.6 % \t\t\t \t\t\t   \t\t\t \t\t\t 9.1 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 12.8 % \t\t\t \t\t\t   \t\t\t \t\t\t 0.1 \t\t\t \t\t\t   \t\t\t \t\t\t 12.9 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 22.7 % \t\t\t \t\t\t   \t\t\t \t\t\t 0.2 \t\t\t \t\t\t   \t\t\t \t\t\t 22.9 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 26.5 % \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 26.5 \t\t\t \t\t \t\t \t\t\t \t\t\t Total net sales \t\t\t \t\t\t   \t\t\t \t\t\t 13.2 % \t\t\t \t\t\t   \t\t\t \t\t\t 0.3 \t\t\t \t\t\t   \t\t\t \t\t\t 13.5 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t \t\t\t Adjusted \t\t\t \t\t\t   \t\t\t \t\t\t Impact of Foreign Currency \t\t\t \t\t\t   \t\t\t \t\t\t Constant Currency Adjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the second quarter of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t (8.7) % \t\t\t \t\t\t   \t\t\t \t\t\t 0.3 % \t\t\t \t\t\t   \t\t\t \t\t\t (8.4) % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t (14.5) % \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (14.5) \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 27.2 % \t\t\t \t\t\t   \t\t\t \t\t\t 0.4 \t\t\t \t\t\t   \t\t\t \t\t\t 27.6 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 35.1 % \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 35.1 \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t   \t\t\t \t\t\t (0.8) % \t\t\t \t\t\t   \t\t\t \t\t\t 0.2 \t\t\t \t\t\t   \t\t\t \t\t\t (0.6) \t\t\t \t\t \t \t \t\t \t\t\t   \t\t\t   \t\t\t \t\t\t Reported \t\t\t \t\t\t   \t\t\t \t\t\t Items Affecting Comparability \t\t\t \t\t\t   \t\t\t \t\t\t Adjusted \t\t\t \t\t\t   \t\t\t \t\t\t Impact of Foreign Currency \t\t\t \t\t\t   \t\t\t \t\t\t Constant Currency Adjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the second quarter of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Operating margin \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t 26.4 % \t\t\t \t\t\t   \t\t\t \t\t\t 4.5 % \t\t\t \t\t\t   \t\t\t \t\t\t 30.9 % \t\t\t \t\t\t   \t\t\t \t\t\t (0.1) % \t\t\t \t\t\t   \t\t\t \t\t\t 30.8 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 13.7 \t\t\t \t\t\t   \t\t\t \t\t\t 0.9 \t\t\t \t\t\t   \t\t\t \t\t\t 14.6 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 14.6 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 70.4 \t\t\t \t\t\t   \t\t\t \t\t\t 0.7 \t\t\t \t\t\t   \t\t\t \t\t\t 71.1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 71.1 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 23.8 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 23.8 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 23.8 \t\t\t \t\t \t\t \t\t\t \t\t\t Total operating margin \t\t\t \t\t\t   \t\t\t \t\t\t 16.1 \t\t\t \t\t\t   \t\t\t \t\t\t 7.3 \t\t\t \t\t\t   \t\t\t \t\t\t 23.4 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 23.4 \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF CERTAIN FINANCIAL MEASURES BY SEGMENT TO CONSTANT CURRENCY ADJUSTED FINANCIAL MEASURES BY SEGMENT \t\t\t (UNAUDITED) \t\t\t   \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t   \t\t\t \t\t\t Reported \t\t\t \t\t\t   \t\t\t \t\t\t Items Affecting \t\t\tComparability \t\t\t \t\t\t   \t\t\t \t\t\t Adjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the first six months of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t $                            583 \t\t\t \t\t\t   \t\t\t \t\t\t $                            105 \t\t\t \t\t\t   \t\t\t \t\t\t $                            688 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 718 \t\t\t \t\t\t   \t\t\t \t\t\t (236) \t\t\t \t\t\t   \t\t\t \t\t\t 482 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 568 \t\t\t \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t 574 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 75 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 76 \t\t\t \t\t \t\t \t\t\t \t\t\t Unallocated corporate costs \t\t\t \t\t\t   \t\t\t \t\t\t (406) \t\t\t \t\t\t   \t\t\t \t\t\t 150 \t\t\t \t\t\t   \t\t\t \t\t\t (256) \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t   \t\t\t \t\t\t $                         1,538 \t\t\t \t\t\t   \t\t\t \t\t\t $                              26 \t\t\t \t\t\t   \t\t\t \t\t\t $                         1,564 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t For the first six months of 2021: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t $                            723 \t\t\t \t\t\t   \t\t\t \t\t\t $                            102 \t\t\t \t\t\t   \t\t\t \t\t\t $                            825 \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 440 \t\t\t \t\t\t   \t\t\t \t\t\t 50 \t\t\t \t\t\t   \t\t\t \t\t\t 490 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 493 \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t 496 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 58 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t 60 \t\t\t \t\t \t\t \t\t\t \t\t\t Unallocated corporate costs \t\t\t \t\t\t   \t\t\t \t\t\t (340) \t\t\t \t\t\t   \t\t\t \t\t\t 49 \t\t\t \t\t\t   \t\t\t \t\t\t (291) \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t   \t\t\t \t\t\t $                         1,374 \t\t\t \t\t\t   \t\t\t \t\t\t $                            206 \t\t\t \t\t\t   \t\t\t \t\t\t $                         1,580 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t \t\t\t Reported \t\t\t \t\t\t   \t\t\t \t\t\t Impact of Foreign \t\t\tCurrency \t\t\t \t\t\t   \t\t\t \t\t\t Constant Currency \t\t\t \t\t \t\t \t\t\t \t\t\t For the first six months of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Net sales \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t 2.0 % \t\t\t \t\t\t   \t\t\t \t\t\t 0.3 % \t\t\t \t\t\t   \t\t\t \t\t\t 2.3 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 13.0 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 13.0 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 16.5 \t\t\t \t\t\t   \t\t\t \t\t\t 0.1 \t\t\t \t\t\t   \t\t\t \t\t\t 16.6 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 22.3 \t\t\t \t\t\t   \t\t\t \t\t\t 0.4 \t\t\t \t\t\t   \t\t\t \t\t\t 22.7 \t\t\t \t\t \t\t \t\t\t \t\t\t Total net sales \t\t\t \t\t\t   \t\t\t \t\t\t 9.8 \t\t\t \t\t\t   \t\t\t \t\t\t 0.1 \t\t\t \t\t\t   \t\t\t \t\t\t 9.9 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t\t \t\t\t Adjusted \t\t\t \t\t\t   \t\t\t \t\t\t Impact of Foreign \t\t\tCurrency \t\t\t \t\t\t   \t\t\t \t\t\t Constant Currency \t\t\tAdjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the first six months of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Income from operations \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t (16.6) % \t\t\t \t\t\t   \t\t\t \t\t\t 0.1 % \t\t\t \t\t\t   \t\t\t \t\t\t (16.5) % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t (1.6) \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (1.6) \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 15.7 \t\t\t \t\t\t   \t\t\t \t\t\t 0.2 \t\t\t \t\t\t   \t\t\t \t\t\t 15.9 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 26.7 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 26.7 \t\t\t \t\t \t\t \t\t\t \t\t\t Total income from operations \t\t\t \t\t\t   \t\t\t \t\t\t (1.0) \t\t\t \t\t\t   \t\t\t \t\t\t 0.1 \t\t\t \t\t\t   \t\t\t \t\t\t (0.9) \t\t\t \t\t \t \t \t\t \t\t\t   \t\t\t   \t\t\t \t\t\t Reported \t\t\t \t\t\t   \t\t\t \t\t\t Items Affecting Comparability \t\t\t \t\t\t   \t\t\t \t\t\t Adjusted \t\t\t \t\t\t   \t\t\t \t\t\t Impact of Foreign Currency \t\t\t \t\t\t   \t\t\t \t\t\t Constant Currency Adjusted \t\t\t \t\t \t\t \t\t\t \t\t\t For the first six months of 2022: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Operating margin \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Coffee Systems \t\t\t \t\t\t   \t\t\t \t\t\t 25.5 % \t\t\t \t\t\t   \t\t\t \t\t\t 4.6 % \t\t\t \t\t\t   \t\t\t \t\t\t 30.1 % \t\t\t \t\t\t   \t\t\t \t\t\t (0.1) % \t\t\t \t\t\t   \t\t\t \t\t\t 30.0 % \t\t\t \t\t \t\t \t\t\t \t\t\t Packaged Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 22.7 \t\t\t \t\t\t   \t\t\t \t\t\t (7.5) \t\t\t \t\t\t   \t\t\t \t\t\t 15.2 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 15.2 \t\t\t \t\t \t\t \t\t\t \t\t\t Beverage Concentrates \t\t\t \t\t\t   \t\t\t \t\t\t 69.4 \t\t\t \t\t\t   \t\t\t \t\t\t 0.7 \t\t\t \t\t\t   \t\t\t \t\t\t 70.1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 70.1 \t\t\t \t\t \t\t \t\t\t \t\t\t Latin America Beverages \t\t\t \t\t\t   \t\t\t \t\t\t 21.1 \t\t\t \t\t\t   \t\t\t \t\t\t 0.2 \t\t\t \t\t\t   \t\t\t \t\t\t 21.3 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 21.3 \t\t\t \t\t \t\t \t\t\t \t\t\t Total operating margin \t\t\t \t\t\t   \t\t\t \t\t\t 23.2 \t\t\t \t\t\t   \t\t\t \t\t\t 0.4 \t\t\t \t\t\t   \t\t\t \t\t\t 23.6 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 23.6 \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO \t\t\t (UNAUDITED) \t\t\t   \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t \t\t\t (in millions, except for ratio) \t\t\t \t\t\t   \t\t \t\t \t\t\t \t\t\t ADJUSTED EBITDA RECONCILIATION - LAST TWELVE MONTHS \t\t\t \t\t\t   \t\t \t\t \t\t\t \t\t\t Net income attributable to KDP \t\t\t \t\t\t \t\t\t $                  2,176 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 598 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for income taxes \t\t\t \t\t\t \t\t\t 590 \t\t\t \t\t \t\t \t\t\t \t\t\t Other expense (income), net \t\t\t \t\t\t \t\t\t 23 \t\t\t \t\t \t\t \t\t\t \t\t\t Depreciation expense \t\t\t \t\t\t \t\t\t 409 \t\t\t \t\t \t\t \t\t\t \t\t\t Other amortization \t\t\t \t\t\t \t\t\t 170 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 134 \t\t\t \t\t \t\t \t\t\t \t\t\t EBITDA \t\t\t \t\t\t \t\t\t $                  4,100 \t\t\t \t\t \t\t \t\t\t \t\t\t Items affecting comparability: \t\t\t \t\t\t   \t\t \t\t \t\t\t \t\t\t Gain on sale of equity-method investment \t\t\t \t\t\t \t\t\t $                   (574) \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on litigation settlement \t\t\t \t\t\t \t\t\t (271) \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t 217 \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment of investments and note receivable \t\t\t \t\t\t \t\t\t 29 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring and integration expenses \t\t\t \t\t\t \t\t\t 165 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 167 \t\t\t \t\t \t\t \t\t\t \t\t\t Non-routine legal matters \t\t\t \t\t\t \t\t\t 21 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t 5 \t\t\t \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t 19 \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t \t\t \t\t\t \t\t\t Foundational projects \t\t\t \t\t\t \t\t\t 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t 72 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted EBITDA \t\t\t \t\t\t \t\t\t $                  3,955 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t   \t\t\t \t\t\t June 30, \t\t\t \t\t \t\t \t\t\t   \t\t\t \t\t\t 2022 \t\t\t \t\t \t\t \t\t\t \t\t\t Principal amounts of senior unsecured notes \t\t\t \t\t\t \t\t\t $                11,743 \t\t\t \t\t \t\t \t\t\t \t\t\t Less: Cash and cash equivalents \t\t\t \t\t\t \t\t\t 552 \t\t\t \t\t \t\t \t\t\t \t\t\t Total principal amounts less cash and cash equivalents \t\t\t \t\t\t \t\t\t $                11,191 \t\t\t \t\t \t\t \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t June 30, 2022 Management Leverage Ratio \t\t\t \t\t\t \t\t\t 2.8 \t\t\t \t\t \t   \t \t\t \t\t\t \t\t\t Keurig DR PEPPER INC ... \t\t\t RECONCILIATION OF ADJUSTED EBITDA - LAST TWELVE MONTHS \t\t\t (UNAUDITED) \t\t\t \t\t \t\t \t\t\t   \t\t \t\t \t\t\t   \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t \t\t\t THIRD QUARTER OF 2021 \t\t\t \t\t\t   \t\t\t \t\t\t FOURTH QUARTER OF 2021 \t\t\t \t\t\t   \t\t\t \t\t\t FIRST SIX MONTHS OF 2022 \t\t\t \t\t\t   \t\t\t \t\t\t LAST TWELVE MONTHS \t\t\t \t\t \t\t \t\t\t \t\t\t Net income attributable to KDP \t\t\t \t\t\t \t\t\t $                 530 \t\t\t \t\t\t   \t\t\t \t\t\t $                 843 \t\t\t \t\t\t   \t\t\t \t\t\t $                 803 \t\t\t \t\t\t   \t\t\t \t\t\t $             2,176 \t\t\t \t\t \t\t \t\t\t \t\t\t Interest expense \t\t\t \t\t\t \t\t\t 116 \t\t\t \t\t\t   \t\t\t \t\t\t 119 \t\t\t \t\t\t   \t\t\t \t\t\t 363 \t\t\t \t\t\t   \t\t\t \t\t\t 598 \t\t\t \t\t \t\t \t\t\t \t\t\t Provision for income taxes \t\t\t \t\t\t \t\t\t 149 \t\t\t \t\t\t   \t\t\t \t\t\t 266 \t\t\t \t\t\t   \t\t\t \t\t\t 175 \t\t\t \t\t\t   \t\t\t \t\t\t 590 \t\t\t \t\t \t\t \t\t\t \t\t\t Other (income) expense, net \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t 18 \t\t\t \t\t\t   \t\t\t \t\t\t 23 \t\t\t \t\t \t\t \t\t\t \t\t\t Depreciation expense \t\t\t \t\t\t \t\t\t 98 \t\t\t \t\t\t   \t\t\t \t\t\t 106 \t\t\t \t\t\t   \t\t\t \t\t\t 205 \t\t\t \t\t\t   \t\t\t \t\t\t 409 \t\t\t \t\t \t\t \t\t\t \t\t\t Other amortization \t\t\t \t\t\t \t\t\t 38 \t\t\t \t\t\t   \t\t\t \t\t\t 46 \t\t\t \t\t\t   \t\t\t \t\t\t 86 \t\t\t \t\t\t   \t\t\t \t\t\t 170 \t\t\t \t\t \t\t \t\t\t \t\t\t Amortization of intangibles \t\t\t \t\t\t \t\t\t 34 \t\t\t \t\t\t   \t\t\t \t\t\t 33 \t\t\t \t\t\t   \t\t\t \t\t\t 67 \t\t\t \t\t\t   \t\t\t \t\t\t 134 \t\t\t \t\t \t\t \t\t\t \t\t\t EBITDA \t\t\t \t\t\t \t\t\t $                 966 \t\t\t \t\t\t   \t\t\t \t\t\t $             1,417 \t\t\t \t\t\t   \t\t\t \t\t\t $             1,717 \t\t\t \t\t\t   \t\t\t \t\t\t $             4,100 \t\t\t \t\t \t\t \t\t\t \t\t\t Items affecting comparability: \t\t\t \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t\t   \t\t \t\t \t\t\t \t\t\t Gain on sale of equity-method investment \t\t\t \t\t\t \t\t\t $                   — \t\t\t \t\t\t   \t\t\t \t\t\t $               (524) \t\t\t \t\t\t   \t\t\t \t\t\t $                 (50) \t\t\t \t\t\t   \t\t\t \t\t\t $               (574) \t\t\t \t\t \t\t \t\t\t \t\t\t Gain on litigation settlement \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t (271) \t\t\t \t\t\t   \t\t\t \t\t\t (271) \t\t\t \t\t \t\t \t\t\t \t\t\t Loss on early extinguishment of debt \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 217 \t\t\t \t\t\t   \t\t\t \t\t\t 217 \t\t\t \t\t \t\t \t\t\t \t\t\t Impairment on investments and note receivable \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 17 \t\t\t \t\t\t   \t\t\t \t\t\t 12 \t\t\t \t\t\t   \t\t\t \t\t\t 29 \t\t\t \t\t \t\t \t\t\t \t\t\t Restructuring and integration expenses \t\t\t \t\t\t \t\t\t 53 \t\t\t \t\t\t   \t\t\t \t\t\t 57 \t\t\t \t\t\t   \t\t\t \t\t\t 55 \t\t\t \t\t\t   \t\t\t \t\t\t 165 \t\t\t \t\t \t\t \t\t\t \t\t\t Productivity \t\t\t \t\t\t \t\t\t 40 \t\t\t \t\t\t   \t\t\t \t\t\t 40 \t\t\t \t\t\t   \t\t\t \t\t\t 87 \t\t\t \t\t\t   \t\t\t \t\t\t 167 \t\t\t \t\t \t\t \t\t\t \t\t\t Nonroutine legal matters \t\t\t \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t 7 \t\t\t \t\t\t   \t\t\t \t\t\t 21 \t\t\t \t\t \t\t \t\t\t \t\t\t Stock compensation \t\t\t \t\t\t \t\t\t 3 \t\t\t \t\t\t   \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t (2) \t\t\t \t\t\t   \t\t\t \t\t\t 5 \t\t\t \t\t \t\t \t\t\t \t\t\t COVID-19 \t\t\t \t\t\t \t\t\t 4 \t\t\t \t\t\t   \t\t\t \t\t\t 6 \t\t\t \t\t\t   \t\t\t \t\t\t 9 \t\t\t \t\t\t   \t\t\t \t\t\t 19 \t\t\t \t\t \t\t \t\t\t \t\t\t Transaction costs \t\t\t \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t 3 \t\t\t \t\t \t\t \t\t\t \t\t\t Foundational projects \t\t\t \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t\t   \t\t\t \t\t\t 2 \t\t\t \t\t \t\t \t\t\t \t\t\t Malware incident \t\t\t \t\t\t \t\t\t (1) \t\t\t \t\t\t   \t\t\t \t\t\t 1 \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t\t   \t\t\t \t\t\t — \t\t\t \t\t \t\t \t\t\t \t\t\t Mark to market \t\t\t \t\t\t \t\t\t (9) \t\t\t \t\t\t   \t\t\t \t\t\t 28 \t\t\t \t\t\t   \t\t\t \t\t\t 53 \t\t\t \t\t\t   \t\t\t \t\t\t 72 \t\t\t \t\t \t\t \t\t\t \t\t\t Adjusted EBITDA \t\t\t \t\t\t \t\t\t $             1,064 \t\t\t \t\t\t   \t\t\t \t\t\t $             1,054 \t\t\t \t\t\t   \t\t\t \t\t\t $             1,837 \t\t\t \t\t\t   \t\t\t \t\t\t $             3,955 \t\t\t \t\t \t   Keurig DR PEPPER INC ... \t \t\t \t\t\t   \t\t\t   \t\t\t \t\t\t First Six Months \t\t\t \t\t \t\t \t\t\t \t\t\t (in millions) \t\t\t \t\t\t   \t\t\t \t\t\t 2022 \t\t\t \t\t\t   \t\t\t \t\t\t 2021 \t\t\t \t\t \t\t \t\t\t \t\t\t Net cash provided by operating activities \t\t\t \t\t\t   \t\t\t \t\t\t $                 1,339 \t\t\t \t\t\t   \t\t\t \t\t\t $                 1,139 \t\t\t \t\t \t\t \t\t\t \t\t\t Purchases of property, plant and equipment \t\t\t \t\t\t   \t\t\t \t\t\t (186) \t\t\t \t\t\t   \t\t\t \t\t\t (204) \t\t\t \t\t \t\t \t\t\t \t\t\t Proceeds from sales of property, plant and equipment \t\t\t \t\t\t   \t\t\t \t\t\t 78 \t\t\t \t\t\t   \t\t\t \t\t\t 15 \t\t\t \t\t \t\t \t\t\t \t\t\t Free Cash Flow \t\t\t \t\t\t   \t\t\t \t\t\t $                 1,231 \t\t\t \t\t\t   \t\t\t \t\t\t $                     950 \t\t\t \t\t \t   Keurig DR PEPPER INC ... \t\t\t \t\t \t       SOURCE Keurig Dr Pepper Inc.

Statement on Speculation Regarding Acquisition Talks Between Keurig Dr Pepper and Bang Energy ... 19, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... "As we have shared previously, our top capital allocation priority is growing our business through M&A and brand/distribution partnerships.  Therefore, we are active in evaluating many opportunities that arise, including in the energy space; however, we are not pursuing a partnership with Vital Pharmaceuticals for the Bang brand.  We have a strong nationwide omni-channel selling and distribution system, including our company-owned DSD network, and a long track record of leveraging this important asset to drive strong in-market execution and market share growth for our brands and those of our strategic partners."   About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit  www.Keurigdrpepper.com ... Investor Contacts: Steve Alexander T: 972-673-6769 /  steve.alexander@kdrp.com Chethan Mallela chethan.mallela@kdrp.com Media Contact: Vicki Draughn T: 469-438-2781 /  vicki.draughn@kdrp.com   SOURCE Keurig Dr Pepper Inc.