Keurig Dr Pepper Inc(NASDAQ:KDP) 
Keurig Dr Pepper Inc. operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment offers Keurig single serve brewers and specialty coffee...
Website: http://www.keurigdrpepper.com
Founded: 2008
Full Time Employees: 26,000
Sector: Consumer Defensive
Industry: Beverages-Non-Alcoholic
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At a glance:
- Diversified Beverage Portfolio Across Hot and Cold Categories: Keurig Dr Pepper operates a broad brand lineup spanning coffee systems/pods and packaged beverages, which helps balance performance across consumption occasions and channels.
- Scale and Distribution as Core Competitive Advantages: The company benefits from large-scale manufacturing and a wide direct-store-delivery and warehouse distribution footprint, supporting retail availability and operational leverage.
- Exposure to Commodity, Packaging, and Freight Cost Volatility: Input costs (e.g., coffee, sweeteners, aluminum, PET) and logistics can pressure margins, with results influenced by pricing actions, hedging, and productivity initiatives.
- Category Trends and Consumer Preferences Drive Mix: Demand shifts toward zero-sugar, energy, flavored, and premium coffee formats can affect volume and profitability, making innovation and brand investment important.
- Regulatory and Competitive Landscape Remains a Key Watch Item: Competition from global beverage peers and private label, plus potential impacts from sugar taxes and labeling rules, can influence pricing power, volume, and long-term growth.
Bull Thesis:
- Diversified & Resilient Brand Portfolio: Keurig Dr Pepper boasts a strong portfolio of iconic brands across coffee, carbonated soft drinks (CSDs), and other non-alcoholic beverages (e.g., Dr Pepper, Green Mountain Coffee Roasters, Snapple, Mott's). This diversification provides resilience against category-specific downturns and grants significant pricing power in various market segments.
- Keurig Ecosystem's Recurring Revenue Model: The Keurig single-serve coffee system generates substantial, high-margin recurring revenue from K-Cup pod sales. A large installed base of brewers ensures consistent demand for pods, creating a sticky customer base and predictable cash flow, which is further supported by ongoing innovation in pod varieties and brewer technology.
- Robust Distribution Network & Market Reach: KDP benefits from an extensive direct-store-delivery (DSD) network for its cold beverage portfolio, a significant competitive advantage that ensures broad product availability and strong relationships with retailers. This network is difficult for competitors to replicate and supports efficient market penetration.
- Effective Pricing Power & Inflation Management: Given the strength and loyalty associated with its key brands, KDP has demonstrated an ability to effectively implement price increases to offset rising input costs (e.g., coffee beans, packaging, transportation). This pricing power helps protect profit margins in an inflationary environment.
Bear Thesis:
- Saturated Keurig Market & Intense Competition: The North American single-serve coffee market, particularly for Keurig brewers, shows signs of saturation, potentially leading to slower growth in brewer sales. Additionally, increasing competition from private label K-Cups and alternative coffee formats (e.g., ready-to-drink, cold brew) could pressure K-Cup pod pricing and margins.
- Shifting Consumer Preferences Away from CSDs: Despite the strength of brands like Dr Pepper, there's a long-term secular decline in consumption of sugary carbonated soft drinks in many developed markets due to health and wellness trends. This poses a structural headwind for a significant portion of KDP's beverage portfolio, requiring continuous innovation in healthier alternatives.
- Input Cost Volatility & Margin Pressure: KDP is exposed to significant volatility in commodity prices, including coffee beans, sugar, aluminum, and plastic, as well as rising labor and transportation costs. While the company has pricing power, sustained or sharp increases in these input costs can compress profit margins if price increases cannot fully offset them.
- High Debt Load & Limited Financial Flexibility: The substantial debt incurred from the merger of Keurig Green Mountain and Dr Pepper Snapple Group could limit KDP's financial flexibility. This might constrain its ability to pursue large strategic acquisitions, invest heavily in innovation, or conduct significant share repurchases, potentially impacting long-term growth and shareholder returns.
Main Competitors:
- The Coca-Cola Company ($KO) (Coca-Cola, Sprite, Fanta, Dasani, Minute Maid, Powerade, Costa Coffee), Competes directly across a vast array of non-alcoholic beverage categories including carbonated soft drinks, juices, waters, sports drinks, and ready-to-drink coffees and teas. They vie for shelf space, consumer attention, and distribution channels globally.
- PepsiCo ($PEP) (Pepsi, Mountain Dew, Gatorade, Lipton (RTD), Aquafina, Tropicana, Starbucks (RTD)), A major global competitor in carbonated soft drinks, juices, sports drinks, and bottled water. Also competes in the ready-to-drink coffee and tea segments (e.g., through its partnership with Starbucks for RTD products), and for overall beverage consumption occasions.
- Nestlé S.A. ($NSRGY) (Nespresso, Nescafé, Starbucks at Home, Perrier, San Pellegrino, Poland Spring), A dominant force in the global coffee market, particularly with its Nespresso single-serve system and Nescafé instant coffee, directly challenging Keurig's coffee system. Also competes in bottled water and other beverage categories, including packaged Starbucks coffee products.
- Starbucks Corporation ($SBUX) (Starbucks coffee (in-store, packaged coffee, K-Cups), Teavana), Competes for both away-from-home (cafes) and at-home coffee consumption. While known for its cafes, Starbucks has a significant presence in packaged coffee (beans, ground, K-Cups, RTD) through its own distribution and partnerships, directly competing with Keurig's coffee offerings and KDP's overall beverage portfolio.
Moat:
Keurig Dr Pepper operates in highly competitive beverage and coffee markets. Its moat is primarily built on its diverse portfolio of iconic and well-loved brands (e.g., Dr Pepper, Snapple, Mott's, Canada Dry, Sunkist), its proprietary Keurig single-serve coffee system with a large installed base and extensive pod ecosystem, and its robust distribution network across North America. Competition is intense, coming from global beverage giants like Coca-Cola and PepsiCo across various categories (CSDs, waters, juices, RTD teas/coffees), as well as from strong coffee players like Nestlé (Nespresso, Nescafé) and Starbucks in the at-home coffee segment. The company constantly faces pressure to innovate, adapt to changing consumer preferences (e.g., demand for healthier options, sparkling water), and maintain pricing power amidst a crowded market.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2023-02-08 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2022-03-26 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales | 3,976,000,000 | 4,499,000,000 | 4,306,000,000 | 4,163,000,000 | 3,635,000,000 | 4,070,000,000 | 3,891,000,000 | 3,922,000,000 | 3,468,000,000 | 3,867,000,000 | 3,805,000,000 | 3,789,000,000 | 3,353,000,000 | 3,803,000,000 | 3,622,000,000 | 3,554,000,000 | 3,078,000,000 | 3,391,000,000 | 3,250,000,000 | 3,140,000,000 | 2,902,000,000 | 3,121,000,000 | 3,020,000,000 | 2,864,000,000 | 2,613,000,000 | 2,934,000,000 | 2,870,000,000 | 2,812,000,000 | 2,504,000,000 | 2,813,000,000 | 2,732,000,000 | 1,886,000,000 | 1,594,000,000 | 1,643,000,000 | 1,740,000,000 | 1,797,000,000 | 1,510,000,000 | 1,578,000,000 | 1,680,000,000 | 1,695,000,000 | 1,487,000,000 | 1,546,000,000 | 1,630,000,000 | 1,655,000,000 | 1,451,000,000 | 1,583,000,000 | 1,631,000,000 | 1,398,000,000 | 1,543,000,000 | 1,611,000,000 | 1,380,000,000 | 1,484,000,000 | 1,528,000,000 | 1,621,000,000 | 1,362,000,000 | 1,529,000,000 | 1,582,000,000 | 1,331,000,000 | 1,457,000,000 | 1,519,000,000 | 1,248,000,000 | 1,356,000,000 | 1,434,000,000 | 1,481,000,000 | 1,260,000,000 | 1,341,000,000 | 1,505,000,000 | 1,557,000,000 | 1,307,000,000 | ||
yoy | 9.38% | 10.54% | 10.67% | 6.14% | 4.82% | 5.25% | 2.26% | 3.51% | 3.43% | 0.05% | 4.61% | -5.66% | 6.81% | 9.35% | -1.97% | 8.65% | 7.62% | 9.64% | 11.06% | 6.37% | 5.23% | 1.85% | 4.35% | 4.30% | 5.05% | 49.10% | 57.09% | 71.21% | 57.01% | 4.95% | 5.56% | 4.12% | 3.57% | 6.02% | 1.55% | 2.07% | 3.07% | 2.42% | 2.48% | -2.34% | -0.06% | 18.38% | -5.96% | -1.74% | 18.19% | -5.80% | 0.98% | -0.62% | 1.32% | -2.94% | -3.41% | 21.79% | -6.52% | 0.66% | 26.76% | -1.84% | 1.60% | 2.57% | -0.95% | 1.12% | -4.72% | -4.88% | -3.60% | ||||||||
qoq | -11.62% | 4.48% | 3.44% | 14.53% | -10.69% | 4.60% | -0.79% | 13.09% | -10.32% | 1.63% | 0.42% | 13.00% | 5.00% | 1.91% | 15.46% | 4.34% | 3.50% | 8.20% | -7.02% | 3.34% | 5.45% | 9.61% | -10.94% | 2.23% | 2.06% | 12.30% | -10.98% | 2.96% | 44.86% | 18.32% | -2.98% | -5.57% | -3.17% | 19.01% | -4.31% | -6.07% | -0.88% | 13.99% | -3.82% | -5.15% | -1.51% | 14.06% | -8.34% | -2.94% | 16.67% | -9.40% | -4.22% | 16.74% | -7.01% | -2.88% | -5.74% | 19.02% | -10.92% | -3.35% | 18.86% | -8.65% | -4.08% | 21.71% | -7.96% | -5.44% | -3.17% | 17.54% | -6.04% | -10.90% | -3.34% | 19.13% | |||||
cost of sales | 1,878,000,000 | 2,080,000,000 | 1,966,000,000 | 1,908,000,000 | 1,650,000,000 | 1,793,000,000 | 1,751,000,000 | 1,750,000,000 | 1,528,000,000 | 1,683,000,000 | 1,694,000,000 | 1,748,000,000 | 1,609,000,000 | 1,807,000,000 | 1,721,000,000 | 1,778,000,000 | 1,428,000,000 | 1,619,000,000 | 1,415,000,000 | 1,370,000,000 | 1,302,000,000 | 1,353,000,000 | 1,316,000,000 | 1,302,000,000 | 1,161,000,000 | 1,241,000,000 | 1,245,000,000 | 1,186,000,000 | 1,106,000,000 | 1,255,000,000 | 1,371,000,000 | 790,000,000 | 681,000,000 | 663,000,000 | 707,000,000 | 718,000,000 | 607,000,000 | 627,000,000 | 683,000,000 | 670,000,000 | 602,000,000 | 610,000,000 | 673,000,000 | 674,000,000 | 602,000,000 | 658,000,000 | 665,000,000 | 554,000,000 | 650,000,000 | 676,000,000 | 590,000,000 | 605,000,000 | 626,000,000 | 685,000,000 | 584,000,000 | 672,000,000 | 662,000,000 | 547,000,000 | 600,000,000 | 593,000,000 | 496,000,000 | 528,000,000 | 579,000,000 | 596,000,000 | 531,000,000 | 587,000,000 | 720,000,000 | 706,000,000 | 577,000,000 | ||
gross profit | 2,098,000,000 | 2,419,000,000 | 2,340,000,000 | 2,255,000,000 | 1,985,000,000 | 2,277,000,000 | 2,140,000,000 | 2,172,000,000 | 1,940,000,000 | 2,184,000,000 | 2,111,000,000 | 2,041,000,000 | 1,744,000,000 | 1,996,000,000 | 1,901,000,000 | 1,776,000,000 | 1,650,000,000 | 1,772,000,000 | 1,835,000,000 | 1,770,000,000 | 1,600,000,000 | 1,768,000,000 | 1,704,000,000 | 1,562,000,000 | 1,452,000,000 | 1,693,000,000 | 1,625,000,000 | 1,626,000,000 | 1,398,000,000 | 1,558,000,000 | 1,361,000,000 | 1,096,000,000 | 913,000,000 | 980,000,000 | 1,033,000,000 | 1,079,000,000 | 903,000,000 | 951,000,000 | 997,000,000 | 1,025,000,000 | 885,000,000 | 936,000,000 | 957,000,000 | 981,000,000 | 849,000,000 | 925,000,000 | 966,000,000 | 844,000,000 | 893,000,000 | 935,000,000 | 790,000,000 | 879,000,000 | 902,000,000 | 936,000,000 | 778,000,000 | 857,000,000 | 920,000,000 | 784,000,000 | 857,000,000 | 926,000,000 | 752,000,000 | 828,000,000 | 855,000,000 | 885,000,000 | 729,000,000 | 754,000,000 | 785,000,000 | 851,000,000 | 730,000,000 | ||
yoy | 5.69% | 6.24% | 9.35% | 3.82% | 2.32% | 4.26% | 1.37% | 6.42% | 11.24% | 5.76% | 7.36% | -1.80% | 7.28% | -3.22% | -6.78% | 0.23% | 7.69% | 13.32% | 10.19% | 4.43% | 4.86% | -3.94% | 3.86% | 8.66% | 19.40% | 48.36% | 53.12% | 58.98% | 31.75% | 1.58% | 1.11% | 3.05% | 3.61% | 5.27% | 2.03% | 1.60% | 4.18% | 4.49% | 4.24% | 1.19% | -0.93% | 16.23% | -4.93% | -1.07% | 22.28% | -3.98% | -1.00% | -0.11% | 1.54% | 2.57% | -1.96% | 19.39% | -9.22% | -7.45% | 22.34% | -5.31% | 0.23% | 4.63% | 3.16% | 9.81% | 8.92% | 4.00% | -0.14% | ||||||||
qoq | -13.27% | 3.38% | 3.77% | 13.60% | -12.82% | 6.40% | -1.47% | 11.96% | -11.17% | 3.46% | 3.43% | 17.03% | 5.00% | 7.04% | 7.64% | -3.43% | 3.67% | 10.62% | -9.50% | 3.76% | 9.09% | 7.58% | -14.24% | 4.18% | -0.06% | 16.31% | -10.27% | 14.47% | 24.18% | 20.04% | -6.84% | -5.13% | -4.26% | 19.49% | -5.05% | -4.61% | -2.73% | 15.82% | -5.45% | -2.19% | -2.45% | 15.55% | -8.22% | -4.24% | 14.45% | -5.49% | -4.49% | 18.35% | -10.13% | -2.55% | -3.63% | 20.31% | -9.22% | -6.85% | 17.35% | -8.52% | -7.45% | 23.14% | -9.18% | -3.16% | -3.39% | 21.40% | -3.32% | -3.95% | -7.76% | 16.58% | |||||
gross margin % | 52.77% | 53.77% | 54.34% | 54.17% | 54.61% | 55.95% | 55.00% | 55.38% | 55.94% | 56.48% | 55.48% | 53.87% | 52.01% | NaN% | 52.48% | 52.48% | 49.97% | 53.61% | NaN% | 52.26% | 56.46% | 56.37% | 55.13% | 56.65% | 56.42% | 54.54% | 55.57% | 57.70% | 56.62% | 57.82% | 55.83% | 55.39% | 49.82% | 58.11% | 57.28% | 59.65% | 59.37% | 60.04% | 59.80% | 60.27% | 59.35% | 60.47% | 59.52% | 60.54% | 58.71% | 59.27% | 58.51% | 58.43% | 59.23% | 60.37% | 57.87% | 58.04% | 57.25% | 59.23% | 59.03% | 57.74% | 57.12% | 56.05% | 58.15% | 58.90% | 58.82% | 60.96% | 60.26% | 61.06% | 59.62% | 59.76% | 57.86% | 56.23% | 52.16% | 54.66% | 55.85% |
selling, general, and administrative expenses | 1,342,000,000 | 1,459,000,000 | 1,344,000,000 | 1,356,000,000 | 1,192,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating income | -8,000,000 | -1,000,000 | -17,000,000 | -4,000,000 | -5,000,000 | -70,000,000 | -35,000,000 | -3,000,000 | -1,000,000 | -42,000,000 | -15,000,000 | -7,500,000 | -2,000,000 | -28,000,000 | -1,000,000 | -62,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 756,000,000 | 881,000,000 | 995,000,000 | 898,000,000 | 801,000,000 | 63,000,000 | 902,000,000 | 861,000,000 | 765,000,000 | 943,000,000 | 896,000,000 | 769,000,000 | 584,000,000 | 673,000,000 | 394,000,000 | 572,000,000 | 966,000,000 | 725,000,000 | 795,000,000 | 734,000,000 | 640,000,000 | 700,000,000 | 753,000,000 | 561,000,000 | 466,000,000 | 713,000,000 | 580,000,000 | 587,000,000 | 498,000,000 | 547,000,000 | 344,000,000 | 362,000,000 | 259,000,000 | 363,000,000 | 367,000,000 | 373,000,000 | 285,000,000 | 335,000,000 | 373,000,000 | 412,000,000 | 313,000,000 | 322,000,000 | 337,000,000 | 369,000,000 | 270,000,000 | 316,000,000 | 348,000,000 | 260,000,000 | 300,000,000 | 285,000,000 | 197,000,000 | 292,000,000 | 308,000,000 | 300,000,000 | 192,000,000 | 261,000,000 | 290,000,000 | 202,000,000 | 260,000,000 | 310,000,000 | 187,000,000 | 251,000,000 | 272,000,000 | 297,000,000 | 265,000,000 | -836,000,000 | 213,000,000 | 269,000,000 | 186,000,000 | ||
yoy | -5.62% | 1298.41% | 10.31% | 4.30% | 4.71% | -93.32% | 0.67% | 11.96% | 30.99% | 33.14% | 95.18% | 2.10% | -45.66% | -28.05% | 31.61% | 3.57% | 5.58% | 30.84% | 37.34% | -1.82% | 29.83% | -4.43% | -6.43% | 30.35% | 68.60% | 62.15% | 92.28% | 50.69% | -6.27% | -2.95% | -9.12% | 8.36% | -1.61% | -9.47% | -8.95% | 4.04% | 10.68% | 11.65% | 15.93% | 1.90% | -3.16% | 41.92% | -10.00% | 10.88% | 76.65% | -10.96% | -2.60% | -5.00% | 2.60% | 11.88% | 6.21% | 48.51% | -26.15% | -15.81% | 55.08% | -19.52% | -4.41% | 4.38% | -29.43% | -130.02% | 27.70% | 10.41% | 42.47% | ||||||||
qoq | -14.19% | -11.46% | 10.80% | 12.11% | 1171.43% | -93.02% | 4.76% | 12.55% | -18.88% | 5.25% | 16.51% | 31.68% | 70.81% | -31.12% | -40.79% | -8.81% | 8.31% | 14.69% | -8.57% | -7.04% | 34.22% | 20.39% | -34.64% | 22.93% | -1.19% | 17.87% | -8.96% | 59.01% | -4.97% | 39.77% | -28.65% | -1.09% | -1.61% | 30.88% | -14.93% | -10.19% | -9.47% | 31.63% | -2.80% | -4.45% | -8.67% | 36.67% | -14.56% | -9.20% | 33.85% | -13.33% | 5.26% | 44.67% | -32.53% | -5.19% | 2.67% | 56.25% | -26.44% | -10.00% | 43.56% | -22.31% | -16.13% | 65.78% | -25.50% | -7.72% | -8.42% | 12.08% | -131.70% | -492.49% | -20.82% | 44.62% | |||||
operating margin % | 19.01% | 19.58% | 23.11% | 21.57% | 22.04% | 1.55% | 23.18% | 21.95% | 22.06% | 24.39% | 23.55% | 20.30% | 17.42% | NaN% | 17.70% | 10.88% | 16.09% | 31.38% | NaN% | 21.38% | 24.46% | 23.38% | 22.05% | 22.43% | 24.93% | 19.59% | 17.83% | 24.30% | 20.21% | 20.87% | 19.89% | 19.45% | 12.59% | 19.19% | 16.25% | 22.09% | 21.09% | 20.76% | 18.87% | 21.23% | 22.20% | 24.31% | 21.05% | 20.83% | 20.67% | 22.30% | 18.61% | 19.96% | 21.34% | 18.60% | 19.44% | 17.69% | 14.28% | 19.68% | 20.16% | 18.51% | 14.10% | 17.07% | 18.33% | 15.18% | 17.84% | 20.41% | 14.98% | 18.51% | 18.97% | 20.05% | 21.03% | -62.34% | 14.15% | 17.28% | 14.23% |
interest expense | 281,000,000 | 238,000,000 | 188,000,000 | 180,000,000 | 148,000,000 | 247,000,000 | 106,000,000 | 204,000,000 | 178,000,000 | 64,000,000 | 237,000,000 | 172,000,000 | 23,000,000 | 123,000,000 | 207,000,000 | 175,000,000 | 188,000,000 | 119,000,000 | 116,000,000 | 125,000,000 | 140,000,000 | 146,000,000 | 148,000,000 | 157,000,000 | 153,000,000 | 157,000,000 | 158,000,000 | 170,000,000 | 169,000,000 | 180,000,000 | 172,000,000 | 43,000,000 | 41,000,000 | 40,000,000 | 40,000,000 | 44,000,000 | 40,000,000 | 48,000,000 | 33,000,000 | 33,000,000 | 33,000,000 | 34,000,000 | 28,000,000 | 28,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 26,000,000 | 29,000,000 | 31,000,000 | 34,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 32,000,000 | 30,000,000 | 28,000,000 | 27,000,000 | 31,000,000 | 29,000,000 | 34,000,000 | 85,000,000 | 51,000,000 | 52,000,000 | 55,000,000 | 58,000,000 | 59,000,000 | 92,000,000 | 48,000,000 | ||
other expense | 118,000,000 | -20,000,000 | -5,000,000 | -16,000,000 | -20,000,000 | -8,000,000 | 4,000,000 | 9,000,000 | 9,000,000 | 4,000,000 | 1,000,000 | -4,000,000 | -3,000,000 | -4,000,000 | 5,000,000 | -4,000,000 | 20,000,000 | 4,000,000 | 9,000,000 | 1,000,000 | 5,000,000 | 9,000,000 | -33,000,000 | -6,250,000 | -2,000,000 | -22,000,000 | -2,000,000 | 1,000,000 | 1,000,000 | 4,000,000 | 428,000,000 | -4,000,000 | -3,000,000 | -2,000,000 | -10,000,000 | -7,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||
income before provision for income taxes | 357,000,000 | 457,000,000 | 852,000,000 | 718,000,000 | 660,000,000 | -154,000,000 | 802,000,000 | 672,000,000 | 594,000,000 | 899,000,000 | 664,000,000 | 613,000,000 | 581,000,000 | 558,000,000 | 183,000,000 | 213,000,000 | 765,000,000 | 1,109,000,000 | 678,000,000 | 613,000,000 | 398,000,000 | 558,000,000 | 584,000,000 | 406,000,000 | 205,000,000 | 550,000,000 | 413,000,000 | 416,000,000 | 315,000,000 | 358,000,000 | 194,000,000 | ||||||||||||||||||||||||||||||||||||||||
provision for income taxes | 87,000,000 | 104,000,000 | 190,000,000 | 171,000,000 | 143,000,000 | -10,000,000 | 186,000,000 | 157,000,000 | 140,000,000 | 206,000,000 | 146,000,000 | 110,000,000 | 114,000,000 | 105,000,000 | 4,000,000 | -5,000,000 | 180,000,000 | 266,000,000 | 149,000,000 | 165,000,000 | 73,000,000 | 130,000,000 | 141,000,000 | 108,000,000 | 49,000,000 | 144,000,000 | 109,000,000 | 102,000,000 | 85,000,000 | 92,000,000 | 46,000,000 | 83,000,000 | 54,000,000 | -184,000,000 | 114,000,000 | 94,000,000 | 71,000,000 | 91,000,000 | 102,000,000 | 142,000,000 | 99,000,000 | 106,000,000 | 106,000,000 | 121,000,000 | 87,000,000 | 97,000,000 | 113,000,000 | 81,000,000 | -364,000,000 | 142,000,000 | 60,000,000 | 64,000,000 | 102,000,000 | 93,000,000 | 61,000,000 | 82,000,000 | 94,000,000 | 64,000,000 | 87,000,000 | 102,000,000 | 68,000,000 | 50,000,000 | 92,000,000 | 91,000,000 | 82,000,000 | -260,000,000 | 59,000,000 | 80,000,000 | 60,000,000 | ||
net income | 270,000,000 | 353,000,000 | 662,000,000 | 547,000,000 | 517,000,000 | -144,000,000 | 616,000,000 | 515,000,000 | 454,000,000 | 448,000,000 | 325,000,000 | 428,000,000 | 443,000,000 | 298,000,000 | 156,000,000 | 406,000,000 | 304,000,000 | 314,000,000 | 230,000,000 | 266,000,000 | 148,000,000 | 235,000,000 | 159,000,000 | 508,000,000 | 203,000,000 | 188,000,000 | 177,000,000 | 165,000,000 | 240,000,000 | 260,000,000 | 182,000,000 | 185,000,000 | 202,000,000 | 220,000,000 | 157,000,000 | 188,000,000 | 210,000,000 | 155,000,000 | 207,000,000 | 155,000,000 | 106,000,000 | 170,000,000 | 179,000,000 | 178,000,000 | 102,000,000 | 154,000,000 | 172,000,000 | 114,000,000 | 144,000,000 | 183,000,000 | 89,000,000 | 114,000,000 | 151,000,000 | 158,000,000 | 132,000,000 | -621,000,000 | 106,000,000 | 108,000,000 | 95,000,000 | ||||||||||||
yoy | -47.78% | -345.14% | 7.47% | 6.21% | 13.88% | 50.34% | 108.33% | 5.42% | 45.72% | -5.10% | -32.17% | 52.63% | 105.41% | 33.62% | 44.65% | -47.64% | -27.09% | 25.00% | -10.17% | 207.88% | -15.42% | -27.69% | -2.75% | -10.81% | 18.81% | 18.18% | 15.92% | -1.60% | -3.81% | 41.94% | -24.15% | 21.29% | 98.11% | -8.82% | 15.64% | -12.92% | 3.92% | 10.39% | 4.07% | 56.14% | -29.17% | -15.85% | 93.26% | 0.00% | -4.64% | 15.82% | -32.58% | -118.36% | 42.45% | 46.30% | 38.95% | ||||||||||||||||||||
qoq | -23.51% | -46.68% | 21.02% | 5.80% | -459.03% | -123.38% | 19.61% | 13.44% | 37.85% | -24.07% | -3.39% | 48.66% | 91.03% | -61.58% | 33.55% | -3.18% | 36.52% | -13.53% | 79.73% | -37.02% | 47.80% | -68.70% | 150.25% | 7.98% | 6.21% | 7.27% | -31.25% | -7.69% | 42.86% | -1.62% | -8.42% | -8.18% | 40.13% | -16.49% | -10.48% | 35.48% | -25.12% | 33.55% | 46.23% | -37.65% | -5.03% | 0.56% | 74.51% | -33.77% | -10.47% | 50.88% | -20.83% | -21.31% | 105.62% | -21.93% | -24.50% | -4.43% | 19.70% | -121.26% | -685.85% | -1.85% | 13.68% | ||||||||||||||
net income margin % | 6.79% | 7.85% | 15.37% | 13.14% | 14.22% | -3.54% | 15.83% | 13.13% | 13.09% | 0% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | 0% | NaN% | 0% | 0% | 14.27% | 11.20% | 13.71% | 14.67% | 10.41% | 5.97% | 13.84% | 10.59% | 11.17% | 9.19% | 9.46% | 5.42% | 12.46% | 9.97% | 30.92% | 11.67% | 10.46% | 11.72% | 10.46% | 14.29% | 15.34% | 12.24% | 11.97% | 12.39% | 13.29% | 10.82% | 11.88% | 12.88% | 11.09% | 13.42% | 9.62% | 7.68% | 11.46% | 11.71% | 10.98% | 7.49% | 10.07% | 10.87% | 8.56% | 9.88% | 12.05% | 7.13% | 8.41% | 10.53% | 10.67% | 10.48% | -46.31% | 7.04% | 6.94% | 7.27% |
earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 200,000 | 260,000 | 490,000 | 400,000 | 380,000 | -100,000 | 450,000 | 380,000 | 330,000 | 500,000 | 370,000 | 360,000 | 330,000 | 320,000 | 130,000 | 150,000 | 410,000 | 600,000 | 370,000 | 320,000 | 230,000 | 300,000 | 310,000 | 210,000 | 110,000 | 290,000 | 220,000 | 220,000 | 160,000 | 210,000 | 110,000 | 1,300,000 | 880,000 | 2,800,000 | 1,120,000 | 1,020,000 | 970,000 | 910,000 | 1,300,000 | 1,400,000 | 970,000 | 980,000 | 1,060,000 | 1,150,000 | 820,000 | 970,000 | 1,070,000 | 780,000 | 1,020,000 | 760,000 | 520,000 | 820,000 | 850,000 | 840,000 | 480,000 | 710,000 | 780,000 | 510,000 | 610,000 | 750,000 | 350,000 | 450,000 | 590,000 | 620,000 | 520,000 | -2,440,000 | 410,000 | 420,000 | |||
diluted | 200,000 | 260,000 | 490,000 | 400,000 | 380,000 | -110,000 | 450,000 | 380,000 | 330,000 | 500,000 | 370,000 | 360,000 | 330,000 | 320,000 | 130,000 | 150,000 | 410,000 | 590,000 | 370,000 | 310,000 | 230,000 | 300,000 | 310,000 | 210,000 | 110,000 | 280,000 | 210,000 | 220,000 | 160,000 | 210,000 | 110,000 | 1,300,000 | 880,000 | 2,800,000 | 1,110,000 | 1,020,000 | 960,000 | 900,000 | 1,290,000 | 1,390,000 | 960,000 | 970,000 | 1,050,000 | 1,140,000 | 810,000 | 960,000 | 1,060,000 | 780,000 | 1,010,000 | 760,000 | 510,000 | 810,000 | 840,000 | 830,000 | 480,000 | 710,000 | 770,000 | 500,000 | 600,000 | 740,000 | 350,000 | 440,000 | 590,000 | 620,000 | 520,000 | -2,440,000 | 410,000 | 420,000 | |||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1,359,200,000 | 1,358,100,000 | 1,358,500,000 | 1,358,300,000 | 1,357,100,000 | 1,362,200,000 | 1,356,200,000 | 1,355,600,000 | 1,380,700,000 | 1,399,300,000 | 1,397,400,000 | 1,400,300,000 | 1,406,200,000 | 1,416,800,000 | 1,416,100,000 | 1,417,500,000 | 1,418,200,000 | 1,415,700,000 | 1,417,600,000 | 1,417,400,000 | 1,409,200,000 | 1,407,200,000 | 1,407,300,000 | 1,407,200,000 | 1,407,000,000 | 1,406,700,000 | 1,406,800,000 | 1,406,700,000 | 1,406,300,000 | 1,086,300,000 | 1,361,800,000 | 180,200,000 | 179,900,000 | 182,000,000 | 181,400,000 | 183,200,000 | 183,400,000 | 185,400,000 | 184,800,000 | 185,700,000 | 187,600,000 | 190,900,000 | 190,400,000 | 191,400,000 | 193,000,000 | 194,800,000 | 196,600,000 | 197,900,000 | 203,300,000 | 204,100,000 | 204,600,000 | 210,600,000 | 210,400,000 | 211,900,000 | 212,600,000 | 216,000,000 | 221,900,000 | 223,600,000 | 238,000,000 | 244,500,000 | 253,300,000 | 254,200,000 | 254,200,000 | 254,200,000 | 254,200,000 | 254,000,000 | 254,200,000 | 254,000,000 | |||
diluted | 1,363,700,000 | 1,362,800,000 | 1,362,900,000 | 1,362,800,000 | 1,362,200,000 | 1,368,300,000 | 1,361,900,000 | 1,361,200,000 | 1,387,700,000 | 1,408,400,000 | 1,406,200,000 | 1,409,100,000 | 1,417,000,000 | 1,428,500,000 | 1,427,200,000 | 1,428,600,000 | 1,429,700,000 | 1,427,900,000 | 1,428,500,000 | 1,428,100,000 | 1,425,600,000 | 1,422,100,000 | 1,422,900,000 | 1,421,500,000 | 1,420,100,000 | 1,419,100,000 | 1,419,400,000 | 1,419,200,000 | 1,417,700,000 | 1,097,600,000 | 1,373,600,000 | 181,100,000 | 180,800,000 | 182,800,000 | 182,100,000 | 183,700,000 | 184,600,000 | 186,600,000 | 185,700,000 | 186,500,000 | 189,000,000 | 192,400,000 | 191,500,000 | 192,400,000 | 194,600,000 | 196,200,000 | 197,800,000 | 199,500,000 | 204,700,000 | 205,500,000 | 206,300,000 | 212,300,000 | 212,000,000 | 213,300,000 | 213,900,000 | 218,200,000 | 224,400,000 | 226,300,000 | 240,400,000 | 246,700,000 | 255,100,000 | 255,200,000 | 255,500,000 | 255,100,000 | 254,300,000 | 254,000,000 | 254,200,000 | 254,000,000 | |||
other operating expense | 1,000,000 | 1,000,000 | 1,000,000 | 199,000,000 | -7,000,000 | 16,000,000 | -66,000,000 | 1,000,000 | 2,000,000 | -31,000,000 | 33,000,000 | 11,000,000 | -11,000,000 | 12,000,000 | -8,000,000 | 1,000,000 | 1,000,000 | -3,000,000 | 5,000,000 | 2,000,000 | -3,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 4,000,000 | 2,000,000 | 6,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | -3,000,000 | 3,000,000 | 5,000,000 | 7,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||
other income | -13,000,000 | -45,000,000 | -7,000,000 | -7,000,000 | -6,000,000 | -15,000,000 | -7,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -41,000,000 | -3,000,000 | -1,000,000 | -4,000,000 | -1,000,000 | -3,000,000 | -2,000,000 | -2,000,000 | -3,000,000 | 3,000,000 | -20,000,000 | -2,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expenses | 929,000,000 | 1,245,000,000 | 1,295,000,000 | 1,176,000,000 | 913,500,000 | 1,217,000,000 | 1,272,000,000 | 1,165,000,000 | 1,227,000,000 | 1,196,000,000 | 1,204,000,000 | 1,018,000,000 | 1,113,000,000 | 1,040,000,000 | 1,039,000,000 | 961,000,000 | 1,000,000,000 | 949,000,000 | 1,001,000,000 | 1,028,000,000 | 1,011,000,000 | 1,012,000,000 | 1,028,000,000 | 911,000,000 | 999,000,000 | 1,025,000,000 | 721,000,000 | 626,000,000 | 612,000,000 | 640,000,000 | 683,000,000 | 621,000,000 | 590,000,000 | 603,000,000 | 590,000,000 | 546,000,000 | 583,000,000 | 592,000,000 | 586,000,000 | 552,000,000 | 581,000,000 | 592,000,000 | 554,000,000 | 563,000,000 | 619,000,000 | 563,000,000 | 555,000,000 | 561,000,000 | 599,000,000 | 553,000,000 | 559,000,000 | 598,000,000 | 547,000,000 | 564,000,000 | 587,000,000 | 531,000,000 | 539,000,000 | 547,000,000 | 550,000,000 | 499,000,000 | 489,000,000 | 542,000,000 | 536,000,000 | 508,000,000 | |||||||
impairment of intangible assets | 2,000,000 | 166,000,000 | 311,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on litigation settlement | -299,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 169,000,000 | 48,000,000 | 105,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 9,000,000 | 11,000,000 | 13,000,000 | 49,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity method investment | -50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of investments and note receivable | 6,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income including non-controlling interest | 693,000,000 | 518,000,000 | 503,000,000 | 467,000,000 | 453,000,000 | 179,000,000 | 218,000,000 | 585,000,000 | 843,000,000 | 529,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to non-controlling interest | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to kdp | 693,000,000 | 518,000,000 | 503,000,000 | 467,000,000 | 453,000,000 | 180,000,000 | 218,000,000 | 585,000,000 | 843,000,000 | 530,000,000 | 448,000,000 | 325,000,000 | 428,000,000 | 443,000,000 | 406,000,000 | 304,000,000 | 314,000,000 | 230,000,000 | 266,000,000 | 148,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
2020 364-day credit agreement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 364-day credit agreement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
a shoc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
abc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
abi | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
annual report | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aoci | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asu | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bedford | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bodyarmor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bps | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
csd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dio | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dpo | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dps | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dps merger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dsd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dso | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
eps | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchange act | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ffs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fasb | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fx | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goldman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
iri | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
jab | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
kdp | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
kdp credit agreements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
kdp revolver | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
keurig | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
libor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lifefuels | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ncb | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
peet's | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pet | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proposition 65 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rsu | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rtd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sec | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sg&a | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. gaap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
veyron spe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 revolving credit agreement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
athletic brewing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
board | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
la colombe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lrb | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nutrabolt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revive | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rvg | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tractor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sofr | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
veyron spes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vie | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vita coco | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment on investments and note receivable | 25,500,000 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment on investment and note receivable | 86,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense - related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to employee redeemable non-controlling interest and mezzanine equity awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 28,000,000 | 27,000,000 | 26,000,000 | 26,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 24,000,000 | 24,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 26,000,000 | 27,000,000 | 28,000,000 | 29,000,000 | 29,000,000 | 28,000,000 | 29,000,000 | 29,000,000 | 29,000,000 | 29,000,000 | 35,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 33,000,000 | 32,000,000 | 32,000,000 | 31,000,000 | 33,000,000 | 29,000,000 | 28,000,000 | 27,000,000 | 29,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | |||||||||||||||||||||||||||||||||
interest income | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -3,000,000 | -10,000,000 | -17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income before provision for income taxes and equity in loss of unconsolidated subsidiaries | 321,000,000 | 219,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in loss of unconsolidated subsidiaries | 238,000,000 | 165,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of unconsolidated subsidiaries, net of tax | -3,000,000 | -6,000,000 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 580,000 | 435,000 | 580,000 | 580,000 | 580,000 | 397,500 | 530,000 | 530,000 | 530,000 | 360,000 | 480,000 | 480,000 | 480,000 | 410,000 | 410,000 | 410,000 | 380,000 | 380,000 | 380,000 | 340,000 | 340,000 | 340,000 | 340,000 | 320,000 | 320,000 | 250,000 | 250,000 | 250,000 | |||||||||||||||||||||||||||||||||||||||||||
income before provision for income taxes and equity in earnings of unconsolidated subsidiaries | 212,000,000 | 317,000,000 | 283,000,000 | 248,000,000 | 257,000,000 | 343,000,000 | 402,000,000 | 281,000,000 | 291,000,000 | 308,000,000 | 341,000,000 | 244,000,000 | 285,000,000 | 322,000,000 | 236,000,000 | -157,000,000 | 296,000,000 | 166,000,000 | 178,750,000 | 281,000,000 | 271,000,000 | 163,000,000 | 236,000,000 | 265,000,000 | 178,000,000 | 231,000,000 | 284,000,000 | 157,000,000 | 164,000,000 | 242,000,000 | 248,000,000 | 214,000,000 | -882,000,000 | 164,000,000 | 188,000,000 | 155,000,000 | |||||||||||||||||||||||||||||||||||
income before equity in earnings of unconsolidated subsidiaries | 142,250,000 | 203,000,000 | 189,000,000 | 177,000,000 | 166,000,000 | 241,000,000 | 260,000,000 | 182,000,000 | 185,000,000 | 202,000,000 | 220,000,000 | 157,000,000 | 188,000,000 | 209,000,000 | 155,000,000 | 207,000,000 | 154,000,000 | 106,000,000 | 170,000,000 | 179,000,000 | 178,000,000 | 102,000,000 | 154,000,000 | 171,000,000 | 114,000,000 | 144,000,000 | 182,000,000 | 89,000,000 | 114,000,000 | 150,000,000 | 157,000,000 | 132,000,000 | -622,000,000 | 105,000,000 | 108,000,000 | 95,000,000 | |||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated subsidiaries, net of tax | -1,000,000 | -1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share: | 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring costs | 26,000,000 | 7,000,000 | 14,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property and intangible assets | -750,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated subsidiaries | 250,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property and intangible assets | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pro forma earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 380,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 898,000,000 | 1,026,000,000 | 516,000,000 | 509,000,000 | 653,000,000 | 510,000,000 | 552,000,000 | 438,000,000 | 317,000,000 | 267,000,000 | 260,000,000 | 278,000,000 | 204,000,000 | 535,000,000 | 925,000,000 | 552,000,000 | 592,000,000 | 567,000,000 | 200,000,000 | 167,000,000 | 335,000,000 | 240,000,000 | 191,000,000 | 149,000,000 | 197,000,000 | 75,000,000 | 74,000,000 | 106,000,000 | 85,000,000 | 83,000,000 | 94,000,000 | 64,000,000 | 13,000,000 | 61,000,000 | 66,000,000 | 286,000,000 | 73,000,000 | 1,787,000,000 | 620,000,000 | 245,000,000 | 275,000,000 | 911,000,000 | 207,000,000 | 127,000,000 | 93,000,000 | 266,000,000 | 135,000,000 | 120,000,000 | 119,000,000 | 113,000,000 | 208,000,000 | 366,000,000 | 383,000,000 | 303,000,000 | 192,000,000 | 651,000,000 | 550,000,000 | 657,000,000 | 224,000,000 | 411,000,000 | 571,000,000 | 280,000,000 | 282,000,000 | 235,000,000 | 219,000,000 | 214,000,000 | 239,000,000 | 300,000,000 | 99,000,000 |
restricted cash and restricted cash equivalents | 17,818,000,000 | 18,000,000 | 53,000,000 | 56,000,000 | 80,000,000 | 80,000,000 | 8,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | 14,000,000 | 15,000,000 | 27,000,000 | 28,000,000 | 26,000,000 | 26,000,000 | 28,000,000 | 44,000,000 | 44,000,000 | 46,000,000 | 18,000,000 | 25,000,000 | 16,000,000 | 18,000,000 | 89,000,000 | 89,000,000 | 87,000,000 | ||||||||||||||||||||||||||||||||||||||||||
trade accounts receivable | 1,539,000,000 | 1,671,000,000 | 1,497,000,000 | 1,498,000,000 | 1,329,000,000 | 1,502,000,000 | 1,448,000,000 | 1,390,000,000 | 1,311,000,000 | 1,368,000,000 | 1,279,000,000 | 1,311,000,000 | 1,451,000,000 | 1,484,000,000 | 1,472,000,000 | 1,326,000,000 | 1,214,000,000 | 1,148,000,000 | 1,138,000,000 | 1,075,000,000 | 1,065,000,000 | 1,048,000,000 | 1,051,000,000 | 1,010,000,000 | 1,037,000,000 | 1,115,000,000 | 1,090,000,000 | 1,068,000,000 | 1,016,000,000 | 1,150,000,000 | 1,196,000,000 | ||||||||||||||||||||||||||||||||||||||
inventories | 1,829,000,000 | 1,733,000,000 | 1,840,000,000 | 1,741,000,000 | 1,539,000,000 | 1,299,000,000 | 1,351,000,000 | 1,252,000,000 | 1,204,000,000 | 1,142,000,000 | 1,348,000,000 | 1,384,000,000 | 1,391,000,000 | 1,314,000,000 | 1,438,000,000 | 1,239,000,000 | 1,045,000,000 | 894,000,000 | 972,000,000 | 897,000,000 | 841,000,000 | 762,000,000 | 824,000,000 | 747,000,000 | 682,000,000 | 654,000,000 | 751,000,000 | 686,000,000 | 663,000,000 | 626,000,000 | 720,000,000 | 265,000,000 | 243,000,000 | 229,000,000 | 261,000,000 | 267,000,000 | 246,000,000 | 202,000,000 | 226,000,000 | 236,000,000 | 235,000,000 | 209,000,000 | 201,000,000 | 217,000,000 | 228,000,000 | 191,000,000 | 213,000,000 | 226,000,000 | 196,000,000 | 222,000,000 | 216,000,000 | 197,000,000 | 207,000,000 | 217,000,000 | 225,000,000 | 260,000,000 | 275,000,000 | 264,000,000 | 283,000,000 | 269,000,000 | 270,000,000 | 262,000,000 | 275,000,000 | 284,000,000 | 286,000,000 | 263,000,000 | 330,000,000 | 348,000,000 | 360,000,000 |
prepaid expenses and other current assets | 1,048,000,000 | 818,000,000 | 795,000,000 | 802,000,000 | 745,000,000 | 606,000,000 | 743,000,000 | 739,000,000 | 735,000,000 | 598,000,000 | 519,000,000 | 597,000,000 | 540,000,000 | 471,000,000 | 487,000,000 | 652,000,000 | 637,000,000 | 447,000,000 | 490,000,000 | 474,000,000 | 410,000,000 | 323,000,000 | 323,000,000 | 306,000,000 | 335,000,000 | 403,000,000 | 326,000,000 | 317,000,000 | 354,000,000 | 254,000,000 | 357,000,000 | 196,000,000 | 225,000,000 | 99,000,000 | 144,000,000 | 165,000,000 | 180,000,000 | 101,000,000 | 116,000,000 | 144,000,000 | 144,000,000 | 69,000,000 | 113,000,000 | 159,000,000 | 163,000,000 | 118,000,000 | 134,000,000 | 143,000,000 | 98,000,000 | 132,000,000 | 155,000,000 | 104,000,000 | 114,000,000 | 126,000,000 | 157,000,000 | 115,000,000 | 150,000,000 | 192,000,000 | 176,000,000 | 161,000,000 | 169,000,000 | 112,000,000 | 71,000,000 | 76,000,000 | 84,000,000 | ||||
total current assets | 23,132,000,000 | 5,266,000,000 | 4,701,000,000 | 4,606,000,000 | 4,346,000,000 | 3,997,000,000 | 4,102,000,000 | 3,819,000,000 | 3,567,000,000 | 3,375,000,000 | 3,406,000,000 | 3,570,000,000 | 3,586,000,000 | 3,804,000,000 | 4,325,000,000 | 3,771,000,000 | 3,490,000,000 | 3,057,000,000 | 2,803,000,000 | 2,616,000,000 | 2,665,000,000 | 2,388,000,000 | 2,416,000,000 | 2,240,000,000 | 2,277,000,000 | 2,273,000,000 | 2,269,000,000 | 2,221,000,000 | 2,162,000,000 | 2,159,000,000 | 2,385,000,000 | 1,416,000,000 | 1,246,000,000 | 1,117,000,000 | 1,266,000,000 | 1,555,000,000 | 1,247,000,000 | 2,736,000,000 | 1,602,000,000 | 1,325,000,000 | 1,283,000,000 | 1,817,000,000 | 1,222,000,000 | 1,259,000,000 | 1,194,000,000 | 1,241,000,000 | 1,189,000,000 | 1,173,000,000 | 1,059,000,000 | 1,213,000,000 | 1,280,000,000 | 1,335,000,000 | 1,396,000,000 | 1,391,000,000 | 1,261,000,000 | 1,695,000,000 | 1,695,000,000 | 1,773,000,000 | 1,299,000,000 | 1,503,000,000 | 1,630,000,000 | 1,279,000,000 | 1,283,000,000 | 1,310,000,000 | 1,251,000,000 | 1,237,000,000 | 1,338,000,000 | 1,514,000,000 | 2,796,000,000 |
property, plant, and equipment | 3,249,000,000 | 3,230,000,000 | 3,039,000,000 | 2,996,000,000 | 2,951,000,000 | 2,964,000,000 | 2,794,000,000 | 2,680,000,000 | 2,699,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity method investments | 1,703,000,000 | 1,660,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 20,210,000,000 | 20,247,000,000 | 20,198,000,000 | 20,228,000,000 | 20,062,000,000 | 20,053,000,000 | 20,078,000,000 | 20,081,000,000 | 20,163,000,000 | 20,202,000,000 | 20,122,000,000 | 20,194,000,000 | 20,117,000,000 | 20,072,000,000 | 20,024,000,000 | 20,163,000,000 | 20,243,000,000 | 20,182,000,000 | 20,193,000,000 | 20,272,000,000 | 20,209,000,000 | 20,184,000,000 | 20,029,000,000 | 19,968,000,000 | 19,898,000,000 | 20,172,000,000 | 20,112,000,000 | 20,039,000,000 | 20,077,000,000 | 20,011,000,000 | 19,291,000,000 | 3,562,000,000 | 3,564,000,000 | 3,561,000,000 | 3,559,000,000 | 3,564,000,000 | 3,560,000,000 | 2,993,000,000 | 2,994,000,000 | 2,986,000,000 | 2,988,000,000 | 2,988,000,000 | 2,988,000,000 | 2,989,000,000 | 2,990,000,000 | 2,987,000,000 | 2,988,000,000 | 2,988,000,000 | 2,988,000,000 | 2,989,000,000 | 2,990,000,000 | 2,983,000,000 | 2,983,000,000 | 2,982,000,000 | 2,983,000,000 | 2,981,000,000 | 2,985,000,000 | 2,985,000,000 | 2,984,000,000 | 2,983,000,000 | 2,984,000,000 | 2,983,000,000 | 2,982,000,000 | 2,983,000,000 | 2,982,000,000 | 2,983,000,000 | 3,170,000,000 | 3,177,000,000 | 3,185,000,000 |
intangible assets | 23,653,000,000 | 23,725,000,000 | 23,786,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 17,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | 40,000,000 | 39,000,000 | 41,000,000 | 44,000,000 | 44,000,000 | 31,000,000 | 32,000,000 | 32,000,000 | 35,000,000 | 35,000,000 | 37,000,000 | 37,000,000 | 38,000,000 | 42,000,000 | 40,000,000 | 41,000,000 | 44,000,000 | 45,000,000 | 31,000,000 | 29,000,000 | 29,000,000 | 29,000,000 | 27,000,000 | 27,000,000 | 26,000,000 | 26,000,000 | 93,000,000 | 60,000,000 | 65,000,000 | 62,000,000 | 60,000,000 | 61,000,000 | 73,000,000 | 63,000,000 | 73,000,000 | 57,000,000 | 65,000,000 | 64,000,000 | 60,000,000 | 66,000,000 | 67,000,000 | 66,000,000 | 94,000,000 | 93,000,000 | 86,000,000 | 80,000,000 | 66,000,000 | 61,000,000 | 58,000,000 | 56,000,000 | 59,000,000 | 53,000,000 | 78,000,000 | 86,000,000 | 87,000,000 | 93,000,000 | 68,000,000 | 69,000,000 | 82,000,000 | ||||||
other non-current assets | 1,176,000,000 | 1,295,000,000 | 1,228,000,000 | 1,095,000,000 | 1,116,000,000 | 1,200,000,000 | 1,139,000,000 | 1,144,000,000 | 1,128,000,000 | 1,149,000,000 | 1,117,000,000 | 1,153,000,000 | 1,160,000,000 | 1,252,000,000 | 1,196,000,000 | 1,159,000,000 | 1,119,000,000 | 937,000,000 | 901,000,000 | 926,000,000 | 1,187,000,000 | 894,000,000 | 889,000,000 | 831,000,000 | 811,000,000 | 748,000,000 | 561,000,000 | 572,000,000 | 584,000,000 | 259,000,000 | 315,000,000 | 214,000,000 | 286,000,000 | 279,000,000 | 215,000,000 | 208,000,000 | 206,000,000 | 183,000,000 | 210,000,000 | 209,000,000 | 193,000,000 | 150,000,000 | 172,000,000 | 165,000,000 | 193,000,000 | 145,000,000 | 137,000,000 | 130,000,000 | 129,000,000 | 540,000,000 | 572,000,000 | 580,000,000 | 583,000,000 | 565,000,000 | 558,000,000 | 574,000,000 | 554,000,000 | 554,000,000 | 541,000,000 | 542,000,000 | 543,000,000 | 543,000,000 | 566,000,000 | 562,000,000 | 558,000,000 | 564,000,000 | 572,000,000 | 565,000,000 | 106,000,000 |
total assets | 73,140,000,000 | 55,459,000,000 | 54,605,000,000 | 54,368,000,000 | 53,699,000,000 | 53,430,000,000 | 52,718,000,000 | 52,344,000,000 | 52,286,000,000 | 52,130,000,000 | 51,763,000,000 | 51,801,000,000 | 51,660,000,000 | 51,837,000,000 | 51,440,000,000 | 51,428,000,000 | 51,244,000,000 | 50,598,000,000 | 50,330,000,000 | 50,344,000,000 | 50,403,000,000 | 49,779,000,000 | 49,381,000,000 | 49,026,000,000 | 48,843,000,000 | 49,518,000,000 | 49,400,000,000 | 49,547,000,000 | 49,291,000,000 | 48,918,000,000 | 49,058,000,000 | 10,246,000,000 | 10,179,000,000 | 10,022,000,000 | 10,039,000,000 | 10,319,000,000 | 10,008,000,000 | 9,791,000,000 | 8,673,000,000 | 8,406,000,000 | 8,364,000,000 | 8,869,000,000 | 8,225,000,000 | 8,267,000,000 | 8,252,000,000 | 8,261,000,000 | 8,226,000,000 | 8,227,000,000 | 8,129,000,000 | 8,709,000,000 | 8,872,000,000 | 8,928,000,000 | 8,989,000,000 | 8,907,000,000 | 8,784,000,000 | 9,189,000,000 | 9,228,000,000 | 9,314,000,000 | 8,790,000,000 | 8,978,000,000 | 9,117,000,000 | 8,776,000,000 | 8,740,000,000 | 8,730,000,000 | 8,640,000,000 | 8,638,000,000 | 9,822,000,000 | 10,007,000,000 | 10,595,000,000 |
liabilities, convertible preferred stock, and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 2,843,000,000 | 2,996,000,000 | 2,993,000,000 | 3,113,000,000 | 3,154,000,000 | 2,985,000,000 | 3,133,000,000 | 3,099,000,000 | 3,187,000,000 | 3,597,000,000 | 4,090,000,000 | 4,601,000,000 | 4,947,000,000 | 5,206,000,000 | 5,284,000,000 | 4,950,000,000 | 4,510,000,000 | 4,316,000,000 | 4,072,000,000 | 3,976,000,000 | 3,871,000,000 | 3,740,000,000 | 3,517,000,000 | 3,377,000,000 | 3,238,000,000 | 3,176,000,000 | 2,976,000,000 | 2,909,000,000 | 2,558,000,000 | 2,300,000,000 | 2,229,000,000 | 484,000,000 | 377,000,000 | 365,000,000 | 387,000,000 | 367,000,000 | 353,000,000 | 303,000,000 | 311,000,000 | 359,000,000 | 357,000,000 | 277,000,000 | 310,000,000 | 305,000,000 | 350,000,000 | 319,000,000 | 313,000,000 | 295,000,000 | 271,000,000 | 299,000,000 | 317,000,000 | 283,000,000 | 297,000,000 | 337,000,000 | 313,000,000 | ||||||||||||||
accrued expenses | 1,466,000,000 | 1,379,000,000 | 1,396,000,000 | 1,324,000,000 | 1,201,000,000 | 1,584,000,000 | 1,288,000,000 | 1,302,000,000 | 1,169,000,000 | 1,242,000,000 | 1,123,000,000 | 1,030,000,000 | 1,046,000,000 | 1,153,000,000 | 1,129,000,000 | 1,106,000,000 | 1,028,000,000 | 1,110,000,000 | 1,121,000,000 | 1,019,000,000 | 989,000,000 | 1,040,000,000 | 1,067,000,000 | 940,000,000 | 960,000,000 | 939,000,000 | 1,066,000,000 | 869,000,000 | 962,000,000 | 1,012,000,000 | 1,231,000,000 | ||||||||||||||||||||||||||||||||||||||
structured payables | 22,000,000 | 25,000,000 | 30,000,000 | 31,000,000 | 31,000,000 | 41,000,000 | 70,000,000 | 91,000,000 | 111,000,000 | 117,000,000 | 122,000,000 | 126,000,000 | 137,000,000 | 137,000,000 | 145,000,000 | 145,000,000 | 143,000,000 | 142,000,000 | 142,000,000 | 144,000,000 | 148,000,000 | 153,000,000 | 160,000,000 | 182,000,000 | 258,000,000 | 321,000,000 | 338,000,000 | 595,000,000 | 595,000,000 | 526,000,000 | 432,000,000 | ||||||||||||||||||||||||||||||||||||||
short-term borrowings and current portion of long-term obligations | 4,816,000,000 | 3,105,000,000 | 2,285,000,000 | 1,976,000,000 | 3,999,000,000 | 2,642,000,000 | 2,472,000,000 | 2,399,000,000 | 1,908,000,000 | 3,246,000,000 | 2,798,000,000 | 2,635,000,000 | 2,310,000,000 | 895,000,000 | 304,000,000 | 998,000,000 | 1,323,000,000 | 1,750,000,000 | 2,345,000,000 | 2,182,000,000 | 2,256,000,000 | 1,957,000,000 | 1,593,000,000 | 1,761,000,000 | 1,806,000,000 | 2,018,000,000 | 1,458,000,000 | 1,765,000,000 | 264,000,000 | 383,000,000 | 79,000,000 | 82,000,000 | 312,000,000 | 10,000,000 | 10,000,000 | 368,000,000 | 9,000,000 | 8,000,000 | 507,000,000 | 505,000,000 | 505,000,000 | 504,000,000 | 2,000,000 | 72,000,000 | 152,000,000 | 1,000,000 | 69,000,000 | ||||||||||||||||||||||
other current liabilities | 878,000,000 | 785,000,000 | 823,000,000 | 777,000,000 | 786,000,000 | 835,000,000 | 736,000,000 | 618,000,000 | 629,000,000 | 714,000,000 | 681,000,000 | 664,000,000 | 687,000,000 | 685,000,000 | 675,000,000 | 560,000,000 | 767,000,000 | 613,000,000 | 462,000,000 | 455,000,000 | 467,000,000 | 416,000,000 | 403,000,000 | 543,000,000 | 445,000,000 | 445,000,000 | 409,000,000 | 516,000,000 | 523,000,000 | 380,000,000 | 274,000,000 | 675,000,000 | 761,000,000 | 719,000,000 | 816,000,000 | 796,000,000 | 696,000,000 | 670,000,000 | 688,000,000 | 688,000,000 | 688,000,000 | 708,000,000 | 685,000,000 | 631,000,000 | 587,000,000 | 614,000,000 | 559,000,000 | 530,000,000 | 598,000,000 | 571,000,000 | 544,000,000 | 589,000,000 | 625,000,000 | 575,000,000 | 542,000,000 | ||||||||||||||
total current liabilities | 10,025,000,000 | 8,290,000,000 | 7,527,000,000 | 7,221,000,000 | 9,171,000,000 | 8,087,000,000 | 7,699,000,000 | 7,509,000,000 | 7,004,000,000 | 8,916,000,000 | 8,814,000,000 | 9,056,000,000 | 9,127,000,000 | 8,076,000,000 | 7,233,000,000 | 6,761,000,000 | 6,448,000,000 | 6,485,000,000 | 6,795,000,000 | 6,917,000,000 | 7,225,000,000 | 7,694,000,000 | 7,329,000,000 | 7,298,000,000 | 6,858,000,000 | 6,474,000,000 | 6,550,000,000 | 6,695,000,000 | 6,656,000,000 | 5,702,000,000 | 5,967,000,000 | 1,526,000,000 | 1,624,000,000 | 1,238,000,000 | 1,359,000,000 | 1,580,000,000 | 1,147,000,000 | 1,051,000,000 | 1,483,000,000 | 1,170,000,000 | 1,176,000,000 | 1,583,000,000 | 1,589,000,000 | 1,563,000,000 | 1,555,000,000 | 1,024,000,000 | 1,063,000,000 | 1,105,000,000 | 956,000,000 | 1,064,000,000 | 1,212,000,000 | 1,232,000,000 | 1,736,000,000 | 1,734,000,000 | 1,412,000,000 | 1,726,000,000 | 1,561,000,000 | 1,413,000,000 | 984,000,000 | 960,000,000 | 850,000,000 | 854,000,000 | 872,000,000 | 816,000,000 | 821,000,000 | 801,000,000 | 903,000,000 | 1,103,000,000 | 1,617,000,000 |
long-term obligations | 20,891,000,000 | 13,036,000,000 | 13,531,000,000 | 13,920,000,000 | 11,927,000,000 | 12,912,000,000 | 12,413,000,000 | 12,406,000,000 | 12,929,000,000 | 9,945,000,000 | 9,940,000,000 | 9,934,000,000 | 9,929,000,000 | 11,072,000,000 | 11,561,000,000 | 11,555,000,000 | 11,584,000,000 | 11,578,000,000 | 11,727,000,000 | 11,721,000,000 | 11,715,000,000 | 11,143,000,000 | 11,707,000,000 | 11,849,000,000 | 12,431,000,000 | 12,827,000,000 | 13,147,000,000 | 13,164,000,000 | 13,246,000,000 | 14,201,000,000 | 14,275,000,000 | 4,126,000,000 | 4,135,000,000 | 4,400,000,000 | 4,399,000,000 | 4,391,000,000 | 4,467,000,000 | 4,468,000,000 | 2,956,000,000 | 2,921,000,000 | 2,907,000,000 | 2,875,000,000 | 2,130,000,000 | 2,097,000,000 | 2,113,000,000 | 2,539,000,000 | 2,537,000,000 | 2,523,000,000 | 2,521,000,000 | 2,521,000,000 | 2,547,000,000 | 2,554,000,000 | 2,065,000,000 | 2,020,000,000 | 2,247,000,000 | 2,210,000,000 | 2,184,000,000 | 2,182,000,000 | 2,571,000,000 | 2,568,000,000 | 2,566,000,000 | 2,960,000,000 | |||||||
deferred tax liabilities | 5,467,000,000 | 5,526,000,000 | 5,433,000,000 | 5,487,000,000 | 5,430,000,000 | 5,435,000,000 | 5,736,000,000 | 5,746,000,000 | 5,784,000,000 | 5,760,000,000 | 5,714,000,000 | 5,736,000,000 | 5,739,000,000 | 5,739,000,000 | 5,745,000,000 | 6,007,000,000 | 6,054,000,000 | 5,986,000,000 | 5,940,000,000 | 5,972,000,000 | 6,025,000,000 | 5,993,000,000 | 5,945,000,000 | 5,922,000,000 | 5,917,000,000 | 6,030,000,000 | 6,022,000,000 | 6,034,000,000 | 5,940,000,000 | 5,923,000,000 | 5,974,000,000 | 645,000,000 | 623,000,000 | 614,000,000 | 877,000,000 | 859,000,000 | 1,004,000,000 | 1,003,000,000 | 992,000,000 | 981,000,000 | 1,276,000,000 | 1,262,000,000 | 1,300,000,000 | ||||||||||||||||||||||||||
other non-current liabilities | 3,157,000,000 | 3,091,000,000 | 2,790,000,000 | 2,755,000,000 | 2,724,000,000 | 2,753,000,000 | 1,901,000,000 | 1,965,000,000 | 1,916,000,000 | 1,833,000,000 | 1,931,000,000 | 1,808,000,000 | 1,763,000,000 | 1,825,000,000 | 1,800,000,000 | 1,714,000,000 | 1,647,000,000 | 1,577,000,000 | 1,463,000,000 | 1,491,000,000 | 1,367,000,000 | 1,119,000,000 | 1,103,000,000 | 1,034,000,000 | 997,000,000 | 930,000,000 | 767,000,000 | 771,000,000 | 775,000,000 | 254,000,000 | 244,000,000 | 206,000,000 | 273,000,000 | 264,000,000 | 204,000,000 | 248,000,000 | 258,000,000 | 209,000,000 | 190,000,000 | 212,000,000 | 216,000,000 | 260,000,000 | 265,000,000 | 298,000,000 | 303,000,000 | 283,000,000 | 295,000,000 | 301,000,000 | 265,000,000 | 799,000,000 | 853,000,000 | 846,000,000 | 833,000,000 | 820,000,000 | 829,000,000 | 811,000,000 | 796,000,000 | 791,000,000 | 724,000,000 | 734,000,000 | 736,000,000 | 737,000,000 | 747,000,000 | 751,000,000 | 725,000,000 | 727,000,000 | 726,000,000 | 752,000,000 | 206,000,000 |
total liabilities | 39,540,000,000 | 29,943,000,000 | 29,281,000,000 | 29,383,000,000 | 29,252,000,000 | 29,187,000,000 | 27,749,000,000 | 27,626,000,000 | 27,633,000,000 | 26,454,000,000 | 26,399,000,000 | 26,534,000,000 | 26,558,000,000 | 26,712,000,000 | 26,339,000,000 | 26,037,000,000 | 25,733,000,000 | 25,626,000,000 | 25,925,000,000 | 26,101,000,000 | 26,332,000,000 | 25,949,000,000 | 26,084,000,000 | 26,103,000,000 | 26,203,000,000 | 26,261,000,000 | 26,486,000,000 | 26,664,000,000 | 26,617,000,000 | 26,385,000,000 | 26,765,000,000 | 7,524,000,000 | 7,693,000,000 | 7,571,000,000 | 7,910,000,000 | 8,164,000,000 | 7,815,000,000 | 7,657,000,000 | 6,544,000,000 | 6,264,000,000 | 6,262,000,000 | 6,686,000,000 | 6,028,000,000 | 6,005,000,000 | 6,031,000,000 | 5,898,000,000 | 5,957,000,000 | 6,001,000,000 | 5,821,000,000 | 6,405,000,000 | 6,633,000,000 | 6,648,000,000 | 6,671,000,000 | 6,612,000,000 | 6,524,000,000 | 6,933,000,000 | 6,891,000,000 | 6,884,000,000 | 6,205,000,000 | 6,155,000,000 | 6,055,000,000 | 5,589,000,000 | 5,662,000,000 | 5,810,000,000 | 5,904,000,000 | 6,031,000,000 | 6,492,000,000 | 6,760,000,000 | 5,550,000,000 |
convertible preferred stock, 0.01 par value... | 4,418,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||||||||||
additional paid-in capital | 19,783,000,000 | 19,778,000,000 | 19,753,000,000 | 19,729,000,000 | 19,711,000,000 | 19,712,000,000 | 19,692,000,000 | 19,683,000,000 | 19,661,000,000 | 20,788,000,000 | 21,014,000,000 | 21,009,000,000 | 21,210,000,000 | 21,444,000,000 | 21,730,000,000 | 21,701,000,000 | 21,764,000,000 | 21,785,000,000 | 21,764,000,000 | 21,743,000,000 | 21,718,000,000 | 21,677,000,000 | 21,654,000,000 | 21,624,000,000 | 21,579,000,000 | 21,557,000,000 | 21,539,000,000 | 21,524,000,000 | 21,505,000,000 | 21,471,000,000 | 21,020,000,000 | 61,000,000 | 95,000,000 | 94,000,000 | 94,000,000 | 93,000,000 | 211,000,000 | 313,000,000 | 447,000,000 | 546,000,000 | 758,000,000 | 808,000,000 | 939,000,000 | 1,116,000,000 | 1,222,000,000 | 1,227,000,000 | 1,308,000,000 | 1,433,000,000 | 1,524,000,000 | 1,575,000,000 | 1,708,000,000 | 1,798,000,000 | 1,996,000,000 | 2,277,000,000 | 2,617,000,000 | 2,962,000,000 | 3,156,000,000 | 3,147,000,000 | 3,143,000,000 | 3,143,000,000 | 3,140,000,000 | 3,163,000,000 | 3,169,000,000 | ||||||
retained earnings | 5,580,000,000 | 5,622,000,000 | 5,581,000,000 | 5,232,000,000 | 4,997,000,000 | 4,793,000,000 | 5,249,000,000 | 4,944,000,000 | 4,721,000,000 | 4,559,000,000 | 4,165,000,000 | 3,948,000,000 | 3,724,000,000 | 3,539,000,000 | 3,367,000,000 | 3,471,000,000 | 3,518,000,000 | 3,199,000,000 | 2,621,000,000 | 2,357,000,000 | 2,174,000,000 | 2,061,000,000 | 1,845,000,000 | 1,613,000,000 | 1,527,000,000 | 1,582,000,000 | 1,388,000,000 | 1,294,000,000 | 1,192,000,000 | 1,178,000,000 | 1,122,000,000 | 2,920,000,000 | 2,667,000,000 | 2,651,000,000 | 2,311,000,000 | 2,346,000,000 | 2,336,000,000 | 2,266,000,000 | 2,246,000,000 | 2,248,000,000 | 2,194,000,000 | 2,165,000,000 | 2,072,000,000 | 1,962,000,000 | 1,835,000,000 | 1,702,000,000 | 1,594,000,000 | 1,466,000,000 | 1,313,000,000 | 1,184,000,000 | 1,107,000,000 | 1,080,000,000 | 981,000,000 | 874,000,000 | 769,000,000 | 643,000,000 | 559,000,000 | 458,000,000 | 346,000,000 | 260,000,000 | 138,000,000 | 87,000,000 | 11,000,000 | 191,000,000 | 85,000,000 | ||||
accumulated other comprehensive income | -116,000,000 | 102,000,000 | 10,000,000 | -276,000,000 | 14,000,000 | 77,000,000 | 257,000,000 | 315,000,000 | 171,000,000 | 297,000,000 | 155,000,000 | 129,000,000 | 205,000,000 | 215,000,000 | -26,000,000 | 6,000,000 | 128,000,000 | 164,000,000 | 77,000,000 | -217,000,000 | -328,000,000 | -480,000,000 | 104,000,000 | 51,000,000 | -130,000,000 | 137,000,000 | -106,000,000 | -27,000,000 | -10,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 25,261,000,000 | 25,516,000,000 | 25,324,000,000 | 24,985,000,000 | 24,447,000,000 | 24,243,000,000 | 24,969,000,000 | 24,718,000,000 | 24,653,000,000 | 25,676,000,000 | 25,364,000,000 | 25,268,000,000 | 25,103,000,000 | 25,126,000,000 | 25,102,000,000 | 25,391,000,000 | 25,511,000,000 | 24,972,000,000 | 24,405,000,000 | 24,242,000,000 | 24,070,000,000 | 23,829,000,000 | 23,296,000,000 | 22,923,000,000 | 22,640,000,000 | 23,257,000,000 | 22,914,000,000 | 22,883,000,000 | 22,674,000,000 | 22,533,000,000 | 22,293,000,000 | 2,722,000,000 | 2,486,000,000 | 2,451,000,000 | 2,129,000,000 | 2,155,000,000 | 2,193,000,000 | 2,134,000,000 | 2,129,000,000 | 2,142,000,000 | 2,102,000,000 | 2,183,000,000 | 2,197,000,000 | 2,262,000,000 | 2,221,000,000 | 2,363,000,000 | 2,269,000,000 | 2,226,000,000 | 2,308,000,000 | 2,304,000,000 | 2,239,000,000 | 2,280,000,000 | 2,318,000,000 | 2,295,000,000 | 2,260,000,000 | 2,256,000,000 | 2,337,000,000 | ||||||||||||
non-controlling interest | 3,921,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 29,182,000,000 | 25,676,000,000 | 25,364,000,000 | 25,267,000,000 | 25,102,000,000 | 25,125,000,000 | 25,101,000,000 | 25,391,000,000 | 25,511,000,000 | 24,972,000,000 | 24,405,000,000 | 24,243,000,000 | 24,071,000,000 | 23,830,000,000 | 23,297,000,000 | 3,330,000,000 | 3,247,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock, and equity | 73,140,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 55,459,000,000 | 54,605,000,000 | 49,026,000,000 | 48,843,000,000 | 49,518,000,000 | 49,400,000,000 | 49,547,000,000 | 49,291,000,000 | 48,918,000,000 | 49,058,000,000 | 10,246,000,000 | 10,179,000,000 | 10,022,000,000 | 10,039,000,000 | 10,319,000,000 | 10,008,000,000 | 9,791,000,000 | 8,673,000,000 | 8,406,000,000 | 8,364,000,000 | 8,869,000,000 | 8,225,000,000 | 8,267,000,000 | 8,252,000,000 | 8,261,000,000 | 8,226,000,000 | 8,227,000,000 | 8,129,000,000 | 8,709,000,000 | 8,872,000,000 | 8,928,000,000 | 8,989,000,000 | 8,907,000,000 | 8,784,000,000 | 9,189,000,000 | 9,228,000,000 | |||||||||||||||||||||||||||||||||
investments in unconsolidated affiliates | 1,617,000,000 | 1,566,000,000 | 1,568,000,000 | 1,543,000,000 | 1,492,000,000 | 1,468,000,000 | 1,438,000,000 | 1,387,000,000 | 1,336,000,000 | 1,019,000,000 | 1,009,000,000 | 1,000,000,000 | 76,000,000 | 78,000,000 | 29,000,000 | 30,000,000 | 85,000,000 | 86,000,000 | 88,000,000 | 88,000,000 | 90,000,000 | 102,000,000 | 105,000,000 | 151,000,000 | 164,000,000 | 170,000,000 | 172,000,000 | ||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -24,000,000 | -275,000,000 | -9,000,000 | -27,000,000 | -37,000,000 | -200,000,000 | -183,000,000 | -202,000,000 | -184,000,000 | -193,000,000 | -206,000,000 | -229,000,000 | -213,000,000 | -202,000,000 | -187,000,000 | -195,000,000 | -190,000,000 | -149,000,000 | -162,000,000 | -99,000,000 | -85,000,000 | -91,000,000 | -103,000,000 | -104,000,000 | -97,000,000 | -110,000,000 | -98,000,000 | -105,000,000 | -86,000,000 | -97,000,000 | -22,000,000 | -26,000,000 | -40,000,000 | -56,000,000 | -41,000,000 | -59,000,000 | -83,000,000 | -86,000,000 | -112,000,000 | ||||||||||||||||||||||||||||||
other intangible assets | 23,841,000,000 | 23,616,000,000 | 23,634,000,000 | 23,072,000,000 | 23,108,000,000 | 23,251,000,000 | 23,287,000,000 | 23,223,000,000 | 23,344,000,000 | 23,273,000,000 | 23,183,000,000 | 23,299,000,000 | 23,774,000,000 | 23,889,000,000 | 23,856,000,000 | 23,883,000,000 | 23,983,000,000 | 23,949,000,000 | 23,968,000,000 | 23,834,000,000 | 23,785,000,000 | 23,706,000,000 | 24,117,000,000 | 24,031,000,000 | 24,228,000,000 | 23,988,000,000 | 23,967,000,000 | 24,436,000,000 | 3,777,000,000 | 3,784,000,000 | 3,781,000,000 | 3,786,000,000 | 3,788,000,000 | 3,784,000,000 | 2,656,000,000 | 2,657,000,000 | 2,658,000,000 | 2,662,000,000 | 2,663,000,000 | 2,673,000,000 | 2,679,000,000 | 2,680,000,000 | 2,688,000,000 | 2,693,000,000 | 2,692,000,000 | 2,696,000,000 | 2,697,000,000 | 2,703,000,000 | 2,684,000,000 | 2,685,000,000 | 2,683,000,000 | 2,687,000,000 | 2,676,000,000 | 2,689,000,000 | 2,690,000,000 | 2,693,000,000 | 2,695,000,000 | 2,702,000,000 | 2,702,000,000 | 2,704,000,000 | 2,708,000,000 | 2,704,000,000 | 2,712,000,000 | 3,595,000,000 | 3,607,000,000 | 3,611,000,000 | |||
total liabilities and stockholders’ equity | 54,368,000,000 | 53,699,000,000 | 53,430,000,000 | 52,718,000,000 | 52,344,000,000 | 52,286,000,000 | 9,314,000,000 | 8,790,000,000 | 8,978,000,000 | 9,117,000,000 | 8,776,000,000 | 8,740,000,000 | 8,730,000,000 | 8,640,000,000 | 8,638,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 2,695,000,000 | 2,527,000,000 | 2,489,000,000 | 2,480,000,000 | 2,491,000,000 | 2,483,000,000 | 2,446,000,000 | 2,436,000,000 | 2,494,000,000 | 2,425,000,000 | 2,420,000,000 | 2,261,000,000 | 2,212,000,000 | 2,092,000,000 | 2,071,000,000 | 2,017,000,000 | 2,028,000,000 | 2,236,000,000 | 2,290,000,000 | 2,282,000,000 | 2,310,000,000 | 2,345,000,000 | 1,183,000,000 | 1,198,000,000 | 1,198,000,000 | 1,129,000,000 | 1,120,000,000 | 1,125,000,000 | 1,138,000,000 | 1,124,000,000 | 1,129,000,000 | 1,136,000,000 | 1,156,000,000 | 1,077,000,000 | 1,095,000,000 | 1,115,000,000 | 1,108,000,000 | 1,122,000,000 | 1,149,000,000 | 1,155,000,000 | 1,169,000,000 | 1,186,000,000 | 1,202,000,000 | 1,194,000,000 | 1,141,000,000 | 1,149,000,000 | 1,121,000,000 | 1,147,000,000 | 1,153,000,000 | 1,123,000,000 | 1,110,000,000 | 1,106,000,000 | 1,109,000,000 | 1,041,000,000 | 1,013,000,000 | 1,001,000,000 | 990,000,000 | 945,000,000 | 930,000,000 | 876,000,000 | |||||||||
total liabilities and equity | 52,130,000,000 | 51,763,000,000 | 51,801,000,000 | 51,660,000,000 | 51,837,000,000 | 51,440,000,000 | 51,428,000,000 | 51,244,000,000 | 50,598,000,000 | 50,330,000,000 | 50,344,000,000 | 50,403,000,000 | 49,779,000,000 | 49,381,000,000 | 9,822,000,000 | 10,007,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and cash equivalents | 3,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated subsidiaries | 186,000,000 | 193,000,000 | 34,000,000 | 36,000,000 | 24,000,000 | 24,000,000 | 23,000,000 | 23,000,000 | 23,000,000 | 24,000,000 | 35,000,000 | 36,000,000 | 31,000,000 | 31,000,000 | 13,000,000 | 13,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 14,000,000 | 14,000,000 | 15,000,000 | 14,000,000 | 14,000,000 | 13,000,000 | 14,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 10,000,000 | 10,000,000 | 9,000,000 | 14,000,000 | 14,000,000 | 12,000,000 | 12,000,000 | 13,000,000 | 14,000,000 | 13,000,000 | |||||||||||||||||||||||||||||
current portion of capital lease and financing obligations | 26,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term obligations, related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease and financing obligations, less current | 305,000,000 | 305,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee redeemable non-controlling interest and mezzanine equity awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 11,000,000 | 39,000,000 | 39,000,000 | 11,000,000 | 10,000,000 | 41,000,000 | 24,000,000 | 4,000,000 | 52,000,000 | 50,000,000 | 59,000,000 | 27,000,000 | 25,000,000 | 58,000,000 | 50,000,000 | 25,000,000 | 54,000,000 | 63,000,000 | 21,000,000 | 60,000,000 | 36,000,000 | 45,000,000 | 48,000,000 | 56,000,000 | 40,000,000 | 382,000,000 | 244,000,000 | 128,000,000 | 1,000,000 | 40,000,000 | 16,000,000 | 4,000,000 | 21,000,000 | 13,000,000 | 17,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 23,000,000 | ||||||||||||||||||||||||||||||
accounts receivable: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade | 814,000,000 | 700,000,000 | 668,000,000 | 659,000,000 | 698,000,000 | 606,000,000 | 595,000,000 | 581,000,000 | 642,000,000 | 576,000,000 | 570,000,000 | 571,000,000 | 630,000,000 | 572,000,000 | 546,000,000 | 589,000,000 | 557,000,000 | 531,000,000 | 625,000,000 | 583,000,000 | 552,000,000 | 546,000,000 | 615,000,000 | 564,000,000 | 541,000,000 | 610,000,000 | 561,000,000 | 527,000,000 | 575,000,000 | 529,000,000 | 540,000,000 | 532,000,000 | 580,000,000 | 525,000,000 | 532,000,000 | 521,000,000 | 625,000,000 | 517,000,000 | |||||||||||||||||||||||||||||||
other | 52,000,000 | 49,000,000 | 42,000,000 | 47,000,000 | 50,000,000 | 55,000,000 | 51,000,000 | 59,000,000 | 58,000,000 | 53,000,000 | 58,000,000 | 57,000,000 | 63,000,000 | 65,000,000 | 63,000,000 | 53,000,000 | 63,000,000 | 55,000,000 | 55,000,000 | 51,000,000 | 50,000,000 | 52,000,000 | 37,000,000 | 37,000,000 | 48,000,000 | 44,000,000 | 38,000,000 | 31,000,000 | 31,000,000 | 32,000,000 | 32,000,000 | 45,000,000 | 49,000,000 | 63,000,000 | 51,000,000 | 68,000,000 | 29,000,000 | 44,000,000 | |||||||||||||||||||||||||||||||
deferred revenue | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 64,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 65,000,000 | 36,000,000 | 36,000,000 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||
non-current deferred revenue | 1,021,000,000 | 1,038,000,000 | 1,055,000,000 | 1,071,000,000 | 1,086,000,000 | 1,101,000,000 | 1,117,000,000 | 1,134,000,000 | 1,150,000,000 | 1,166,000,000 | 1,181,000,000 | 1,198,000,000 | 1,216,000,000 | 1,232,000,000 | 1,268,000,000 | 1,286,000,000 | 1,301,000,000 | 1,336,000,000 | 1,351,000,000 | 1,369,000,000 | 1,386,000,000 | 1,402,000,000 | 1,417,000,000 | 1,434,000,000 | 1,464,000,000 | 1,485,000,000 | 1,500,000,000 | 843,000,000 | 851,000,000 | 861,000,000 | |||||||||||||||||||||||||||||||||||||||
non-current deferred tax assets | 63,000,000 | 62,000,000 | 62,000,000 | 64,000,000 | 66,000,000 | 64,000,000 | 62,000,000 | 67,000,000 | 67,000,000 | 77,000,000 | 82,000,000 | 80,000,000 | 88,000,000 | 87,000,000 | 126,000,000 | 130,000,000 | 134,000,000 | 132,000,000 | 132,000,000 | 131,000,000 | 146,000,000 | 147,000,000 | 139,000,000 | 135,000,000 | 142,000,000 | 151,000,000 | 150,000,000 | 140,000,000 | 132,000,000 | 140,000,000 | 189,000,000 | 200,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||
non-current deferred tax liabilities | 842,000,000 | 812,000,000 | 781,000,000 | 811,000,000 | 797,000,000 | 787,000,000 | 846,000,000 | 831,000,000 | 828,000,000 | 784,000,000 | 776,000,000 | 771,000,000 | 743,000,000 | 670,000,000 | 652,000,000 | 630,000,000 | 635,000,000 | 621,000,000 | 602,000,000 | 722,000,000 | 865,000,000 | 998,000,000 | 1,083,000,000 | 1,042,000,000 | 1,042,000,000 | 1,038,000,000 | |||||||||||||||||||||||||||||||||||||||||||
prepaid forward repurchase of common stock | -50,000,000 | -90,000,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .01 par value... | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term obligations | 250,000,000 | 250,000,000 | 701,000,000 | 701,000,000 | 452,000,000 | 401,000,000 | 402,000,000 | 403,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 878,000,000 | 850,000,000 | 817,000,000 | 947,000,000 | 884,000,000 | 798,000,000 | 850,000,000 | 851,000,000 | 803,000,000 | 804,000,000 | 796,000,000 | 862,000,000 | 877,000,000 | 758,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 2,430,000,000 | 2,585,000,000 | 2,823,000,000 | 3,062,000,000 | 3,187,000,000 | 3,078,000,000 | 2,920,000,000 | 2,736,000,000 | 2,607,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 3,039,000,000 | 3,240,000,000 | 3,366,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -140,000,000 | -298,000,000 | -430,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid and other current assets | 71,000,000 | 112,000,000 | 143,000,000 | 110,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
related party receivable | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable from related parties | 1,504,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
related party payable | 224,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt payable to related parties | 612,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt payable to third parties | 3,522,000,000 | 3,587,000,000 | 3,643,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt payable to related parties | 2,408,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cadbury’s net investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of senior unsecured debt | 35,000,000 | 220,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and invested equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
invested equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cadbury schweppes’ net investment | 5,048,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total invested equity | 5,045,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and invested equity | 10,595,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net sales | 1,307,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 577,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit | 730,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expenses | 508,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring costs | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 186,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | -17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before benefit from income taxes and equity in earnings of unconsolidated subsidiaries | 155,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 60,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings of unconsolidated subsidiaries | 95,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 95,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pro forma earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 380,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-06-30 | 2008-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
net income | -144,000,000 | 454,000,000 | 156,000,000 | 544,000,000 | 230,000,000 | 266,000,000 | -71,000,000 | 235,000,000 | 159,000,000 | 508,000,000 | 203,000,000 | 188,000,000 | 177,000,000 | 165,000,000 | 240,000,000 | 260,000,000 | 182,000,000 | 185,000,000 | 202,000,000 | 220,000,000 | 157,000,000 | 188,000,000 | 210,000,000 | 155,000,000 | 207,000,000 | 155,000,000 | 106,000,000 | 170,000,000 | 179,000,000 | 178,000,000 | 102,000,000 | 154,000,000 | 172,000,000 | 114,000,000 | 144,000,000 | 183,000,000 | 89,000,000 | 114,000,000 | 151,000,000 | 158,000,000 | 132,000,000 | -621,000,000 | 203,000,000 | 95,000,000 | |||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 112,000,000 | 103,000,000 | 98,000,000 | 106,000,000 | 90,000,000 | 183,000,000 | 98,000,000 | 172,000,000 | 85,000,000 | 83,000,000 | 51,000,000 | 49,000,000 | 50,000,000 | 51,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 47,000,000 | 47,000,000 | 48,000,000 | 49,000,000 | 47,000,000 | 48,000,000 | 48,000,000 | 49,000,000 | 49,000,000 | 50,000,000 | 49,000,000 | 49,000,000 | 48,000,000 | 49,000,000 | 47,000,000 | 56,000,000 | 51,000,000 | 50,000,000 | 49,000,000 | 49,000,000 | 47,000,000 | 46,000,000 | 44,000,000 | 46,000,000 | 42,000,000 | 40,000,000 | 39,000,000 | 39,000,000 | 69,000,000 | 34,000,000 | |
amortization of intangibles | 33,000,000 | 34,000,000 | 38,000,000 | 33,000,000 | 33,000,000 | 66,000,000 | 33,000,000 | ||||||||||||||||||||||||||||||||||||||||||
other amortization expense | 38,000,000 | 45,000,000 | 43,000,000 | 46,000,000 | 40,000,000 | 76,000,000 | 32,000,000 | ||||||||||||||||||||||||||||||||||||||||||
benefit from sales returns | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | -275,000,000 | 18,000,000 | -8,000,000 | 52,000,000 | -24,000,000 | -29,000,000 | -5,000,000 | -5,000,000 | 1,000,000 | 36,000,000 | -161,000,000 | 24,000,000 | 20,000,000 | -266,000,000 | 17,000,000 | 18,000,000 | 30,000,000 | 14,000,000 | 16,000,000 | 2,000,000 | 8,000,000 | 4,000,000 | 15,000,000 | 11,000,000 | 8,000,000 | 14,000,000 | 85,000,000 | 47,000,000 | 15,000,000 | 33,000,000 | 16,000,000 | 14,000,000 | 28,000,000 | -132,000,000 | -143,000,000 | -86,000,000 | 31,000,000 | 4,000,000 | 9,000,000 | 55,000,000 | 10,000,000 | 21,000,000 | 17,000,000 | -299,000,000 | 37,000,000 | 28,000,000 | |||
employee stock-based compensation expense | 22,000,000 | 30,000,000 | 9,000,000 | 20,000,000 | 23,000,000 | 42,000,000 | 19,000,000 | 34,000,000 | 14,000,000 | 11,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 6,000,000 | 12,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 9,000,000 | 13,000,000 | 11,000,000 | 11,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 8,000,000 | 7,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 3,000,000 | 1,000,000 | ||||||
(gain) loss on disposal of property, plant, and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on foreign currency | 4,000,000 | 8,000,000 | -15,000,000 | 12,000,000 | 22,000,000 | -25,000,000 | -17,000,000 | ||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated affiliates | 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
earned equity from distribution arrangements | -30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other | -11,000,000 | 11,000,000 | 6,000,000 | 10,000,000 | 10,000,000 | 36,000,000 | 22,000,000 | -1,000,000 | -19,000,000 | -8,000,000 | 32,000,000 | -8,000,000 | 9,000,000 | -18,000,000 | 8,000,000 | 2,000,000 | 4,000,000 | 8,000,000 | 33,000,000 | -25,000,000 | -25,000,000 | -3,000,000 | 14,000,000 | -4,000,000 | -17,000,000 | 3,000,000 | -4,000,000 | -19,000,000 | 0 | 11,000,000 | 5,000,000 | 3,000,000 | -9,000,000 | 4,000,000 | -16,000,000 | 7,000,000 | 0 | -3,000,000 | 8,000,000 | 4,000,000 | 3,000,000 | 6,000,000 | 0 | 3,000,000 | 1,000,000 | -4,000,000 | 15,000,000 | ||
changes in assets and liabilities, excluding the effects of business acquisitions: | |||||||||||||||||||||||||||||||||||||||||||||||||
trade accounts receivable | -61,000,000 | -100,000,000 | -26,000,000 | -26,000,000 | -4,000,000 | 58,000,000 | 42,000,000 | 68,000,000 | 126,000,000 | 34,000,000 | 196,000,000 | -118,000,000 | -30,000,000 | -13,000,000 | 38,000,000 | -90,000,000 | 18,000,000 | -17,000,000 | 60,000,000 | -69,000,000 | -5,000,000 | -1,000,000 | 53,000,000 | -59,000,000 | -19,000,000 | 40,000,000 | -31,000,000 | 6,000,000 | -6,000,000 | 72,000,000 | -54,000,000 | 24,000,000 | |||||||||||||||||
inventories | 128,000,000 | 213,000,000 | 126,000,000 | 77,000,000 | 68,000,000 | -101,000,000 | -38,000,000 | -56,000,000 | -36,000,000 | 94,000,000 | 128,000,000 | -24,000,000 | -13,000,000 | 6,000,000 | -19,000,000 | -16,000,000 | 22,000,000 | 10,000,000 | -4,000,000 | -25,000,000 | -9,000,000 | 14,000,000 | 10,000,000 | -26,000,000 | 21,000,000 | 13,000,000 | -26,000,000 | 10,000,000 | 11,000,000 | 7,000,000 | -11,000,000 | 11,000,000 | -11,000,000 | -19,000,000 | -14,000,000 | 0 | -7,000,000 | 14,000,000 | 10,000,000 | 3,000,000 | -24,000,000 | 63,000,000 | -22,000,000 | ||||||
income taxes receivable and payable | |||||||||||||||||||||||||||||||||||||||||||||||||
other current and non-current assets | -23,000,000 | -234,000,000 | -179,000,000 | -149,000,000 | 36,000,000 | -139,000,000 | 58,000,000 | 17,000,000 | -10,000,000 | -85,000,000 | 11,000,000 | 19,000,000 | 2,000,000 | -82,000,000 | 41,000,000 | 44,000,000 | 4,000,000 | -81,000,000 | 4,000,000 | 13,000,000 | -66,000,000 | -1,000,000 | -1,000,000 | 26,000,000 | -45,000,000 | 22,000,000 | 28,000,000 | -71,000,000 | |||||||||||||||||||||
accounts payable and accrued expenses | 79,000,000 | -463,000,000 | -111,000,000 | 226,000,000 | 124,000,000 | 260,000,000 | 150,000,000 | 339,000,000 | 125,000,000 | -185,000,000 | 23,000,000 | 22,000,000 | -19,000,000 | 56,000,000 | 59,000,000 | -42,000,000 | -47,000,000 | 67,000,000 | 10,000,000 | 50,000,000 | -78,000,000 | 60,000,000 | |||||||||||||||||||||||||||
other current and non-current liabilities | 6,000,000 | -19,000,000 | -31,000,000 | 22,000,000 | -4,000,000 | 87,000,000 | -92,000,000 | -5,000,000 | -15,000,000 | 37,000,000 | -70,000,000 | 24,000,000 | 6,000,000 | 58,000,000 | -99,000,000 | 48,000,000 | 31,000,000 | -55,000,000 | -52,000,000 | 58,000,000 | 9,000,000 | -44,000,000 | |||||||||||||||||||||||||||
net change in operating assets and liabilities | 300,000,000 | -583,000,000 | -46,000,000 | 358,000,000 | 155,000,000 | 58,000,000 | -73,000,000 | 235,000,000 | 175,000,000 | -6,000,000 | -49,000,000 | -116,000,000 | |||||||||||||||||||||||||||||||||||||
net cash from operating activities | 849,000,000 | 297,000,000 | 739,000,000 | 941,000,000 | 790,000,000 | 1,062,000,000 | 414,000,000 | -2,186,000,000 | 1,203,000,000 | 591,000,000 | 550,000,000 | 645,000,000 | 315,000,000 | 103,000,000 | 306,000,000 | 322,000,000 | 313,000,000 | 97,000,000 | 256,000,000 | 276,000,000 | 230,000,000 | 177,000,000 | 268,000,000 | 374,000,000 | 248,000,000 | 101,000,000 | 331,000,000 | 309,000,000 | 129,000,000 | 340,000,000 | 216,000,000 | 60,000,000 | 194,000,000 | 305,000,000 | 284,000,000 | -325,000,000 | 324,000,000 | 205,000,000 | 51,000,000 | 273,000,000 | 279,000,000 | 987,000,000 | 164,000,000 | 330,000,000 | 193,000,000 | 178,000,000 | 186,000,000 | 278,000,000 | 100,000,000 |
capital expenditures | 0 | 0 | -93,000,000 | -98,000,000 | -105,000,000 | -276,000,000 | -151,000,000 | 0 | -118,000,000 | -62,000,000 | -76,000,000 | 0 | -38,000,000 | -41,000,000 | -117,000,000 | -44,000,000 | -25,000,000 | -16,000,000 | -70,000,000 | -42,000,000 | -41,000,000 | -27,000,000 | -108,000,000 | -29,000,000 | -22,000,000 | -20,000,000 | -32,000,000 | -34,000,000 | -37,000,000 | -50,000,000 | -32,000,000 | -29,000,000 | -50,000,000 | -54,000,000 | -38,000,000 | -51,000,000 | -44,000,000 | -50,000,000 | -54,000,000 | -56,000,000 | -59,000,000 | -55,000,000 | -94,000,000 | -85,000,000 | -60,000,000 | -78,000,000 | -101,000,000 | -142,000,000 | -44,000,000 |
free cash flows | 849,000,000 | 297,000,000 | 646,000,000 | 843,000,000 | 685,000,000 | 786,000,000 | 263,000,000 | -2,186,000,000 | 1,085,000,000 | 529,000,000 | 474,000,000 | 645,000,000 | 277,000,000 | 62,000,000 | 189,000,000 | 278,000,000 | 288,000,000 | 81,000,000 | 186,000,000 | 234,000,000 | 189,000,000 | 150,000,000 | 160,000,000 | 345,000,000 | 226,000,000 | 81,000,000 | 299,000,000 | 275,000,000 | 92,000,000 | 290,000,000 | 184,000,000 | 31,000,000 | 144,000,000 | 251,000,000 | 246,000,000 | -376,000,000 | 280,000,000 | 155,000,000 | -3,000,000 | 217,000,000 | 220,000,000 | 932,000,000 | 70,000,000 | 245,000,000 | 133,000,000 | 100,000,000 | 85,000,000 | 136,000,000 | 56,000,000 |
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant, and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of property, plant, and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of intangibles | -10,000,000 | -1,000,000 | -7,000,000 | -1,000,000 | -30,000,000 | -15,000,000 | -15,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated affiliates | 0 | -8,000,000 | -914,000,000 | -1,000,000 | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -1,076,000,000 | -161,000,000 | -922,000,000 | 560,000,000 | -134,000,000 | -92,000,000 | 34,000,000 | 1,055,000,000 | -114,000,000 | -45,000,000 | -61,000,000 | -18,891,000,000 | -111,000,000 | -68,000,000 | -120,000,000 | -48,000,000 | -26,000,000 | -1,569,000,000 | -70,000,000 | -40,000,000 | -39,000,000 | -40,000,000 | -99,000,000 | -48,000,000 | -7,000,000 | -40,000,000 | -32,000,000 | -30,000,000 | -38,000,000 | -53,000,000 | -31,000,000 | -44,000,000 | -49,000,000 | -53,000,000 | -38,000,000 | -53,000,000 | -43,000,000 | -49,000,000 | -54,000,000 | -53,000,000 | -43,000,000 | -55,000,000 | -94,000,000 | -84,000,000 | -58,000,000 | -15,000,000 | -101,000,000 | 1,236,000,000 | -2,000,000 |
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
repayments of notes | |||||||||||||||||||||||||||||||||||||||||||||||||
net repayment of commercial paper | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of term loan | -405,000,000 | -330,000,000 | -2,848,000,000 | -2,758,000,000 | -84,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from structured payables | 10,000,000 | 39,000,000 | 41,000,000 | 44,000,000 | 43,000,000 | 86,000,000 | 44,000,000 | 78,000,000 | 78,000,000 | 94,000,000 | |||||||||||||||||||||||||||||||||||||||
repayments of structured payables | |||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid | -311,000,000 | -300,000,000 | -284,000,000 | -268,000,000 | -211,000,000 | -423,000,000 | -212,000,000 | -211,000,000 | -423,000,000 | -211,000,000 | -209,000,000 | ||||||||||||||||||||||||||||||||||||||
repurchases of common stock, inclusive of excise tax obligation | |||||||||||||||||||||||||||||||||||||||||||||||||
tax withholdings related to net share settlements | -3,000,000 | -5,000,000 | -5,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
payments on finance leases | -32,000,000 | -21,000,000 | -25,000,000 | -14,000,000 | -17,000,000 | -24,000,000 | -13,000,000 | -19,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||
deferred financing charges paid | -6,000,000 | 0 | 0 | -4,000,000 | -1,000,000 | -16,000,000 | -3,000,000 | 0 | -106,000,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 281,000,000 | -135,000,000 | -213,000,000 | -1,132,000,000 | -624,000,000 | -901,000,000 | -328,000,000 | 1,152,000,000 | -1,080,000,000 | -556,000,000 | -507,000,000 | 18,380,000,000 | -223,000,000 | -73,000,000 | -190,000,000 | -497,000,000 | -78,000,000 | -142,000,000 | 984,000,000 | 141,000,000 | -220,000,000 | -775,000,000 | 534,000,000 | -239,000,000 | -207,000,000 | -202,000,000 | -165,000,000 | -265,000,000 | -123,000,000 | -281,000,000 | -276,000,000 | -175,000,000 | -161,000,000 | -174,000,000 | -134,000,000 | -134,000,000 | -171,000,000 | -264,000,000 | 343,000,000 | -409,000,000 | -393,000,000 | -645,000,000 | -71,000,000 | -202,000,000 | -125,000,000 | -156,000,000 | -102,000,000 | -1,282,000,000 | -66,000,000 |
cash, cash equivalents, restricted cash, and restricted cash equivalents: | |||||||||||||||||||||||||||||||||||||||||||||||||
net change from operating, investing, and financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes | -6,000,000 | 6,000,000 | 3,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
beginning balance | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
ending balance | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures included in accounts payable and accrued expenses | 56,000,000 | 80,000,000 | 34,000,000 | 9,000,000 | 25,000,000 | 180,000,000 | 3,000,000 | 8,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||||||||||||
equity received in exchange for modification of related party contract | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses | 183,000,000 | -8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
dividends declared but not yet paid | 1,000,000 | -1,000,000 | -3,000,000 | -3,000,000 | 1,000,000 | 212,000,000 | 0 | 78,000,000 | 0 | -1,000,000 | 73,000,000 | -2,000,000 | 16,000,000 | 55,000,000 | |||||||||||||||||||||||||||||||||||
accrued excise tax on net share repurchases | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 186,000,000 | 188,000,000 | 127,000,000 | 193,000,000 | 265,000,000 | 240,000,000 | |||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 85,000,000 | 94,000,000 | 120,000,000 | 98,000,000 | 134,000,000 | 118,000,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on foreign currency | |||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable and payables | 140,000,000 | -160,000,000 | 1,000,000 | 125,000,000 | 27,000,000 | 69,000,000 | -29,000,000 | 64,000,000 | 68,000,000 | ||||||||||||||||||||||||||||||||||||||||
net issuance (repayment) of commercial paper | |||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -5,000,000 | -249,000,000 | -291,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 0 | 4,000,000 | 2,000,000 | 9,000,000 | 9,000,000 | 0 | 0 | 13,000,000 | |||||||||||||||||||||||||||||||||||||||
gain on sale of equity method investment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property, plant, and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on foreign currency | 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on derivatives | 68,000,000 | -13,000,000 | -39,000,000 | 76,000,000 | 43,000,000 | 43,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||
settlements of interest rate contracts | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) loss of unconsolidated affiliates | -9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 0 | 166,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment of investments and note receivable of unconsolidated affiliate | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investment in unconsolidated affiliates | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
issuance of related party note receivable | 0 | -2,000,000 | 0 | -6,000,000 | -6,000,000 | 848,000,000 | -14,000,000 | -7,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||
repayment of notes | |||||||||||||||||||||||||||||||||||||||||||||||||
net (repayment) issuance of commercial paper | -327,000,000 | -387,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loan | 0 | 2,000,000,000 | 2,000,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
payments on structured payables | -51,000,000 | -227,000,000 | -107,000,000 | -9,000,000 | -9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net change from operating, investing and financing activities | 54,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
transaction costs included in accounts payable and accrued expenses | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
conversion of note receivable to equity method investment | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash purchases of intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||
mandatory redemption liability | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property, plant and equipment | -42,000,000 | -70,000,000 | -40,000,000 | -43,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, plant and equipment | -93,000,000 | -98,000,000 | -105,000,000 | -276,000,000 | -151,000,000 | -118,000,000 | -62,000,000 | -76,000,000 | -56,000,000 | -59,000,000 | -55,000,000 | -94,000,000 | -85,000,000 | -60,000,000 | -78,000,000 | -101,000,000 | -142,000,000 | -44,000,000 | |||||||||||||||||||||||||||||||
proceeds from sales of property, plant and equipment | 89,000,000 | 104,000,000 | 0 | 202,000,000 | 201,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures of non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures of non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on derivatives | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents: | |||||||||||||||||||||||||||||||||||||||||||||||||
earned equity | |||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to kdp | 693,000,000 | 453,000,000 | 843,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
provision for sales returns | 18,000,000 | 20,000,000 | 7,000,000 | 16,000,000 | 9,000,000 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||
other current and non current assets | -102,000,000 | 59,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other current and non current liabilities | -6,000,000 | -45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of commercial paper | 698,000,000 | 650,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayments of commercial paper | -299,000,000 | -1,499,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayments of term loan | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
net change from: | |||||||||||||||||||||||||||||||||||||||||||||||||
operating, investing and financing activities | 32,000,000 | 69,000,000 | 120,000,000 | 21,000,000 | 9,000,000 | -10,000,000 | -18,000,000 | 134,000,000 | -19,000,000 | -38,000,000 | -4,000,000 | -223,000,000 | 209,000,000 | -1,614,000,000 | 1,170,000,000 | 377,000,000 | -29,000,000 | -638,000,000 | 703,000,000 | 87,000,000 | 34,000,000 | -141,000,000 | 134,000,000 | 14,000,000 | -32,000,000 | 6,000,000 | -91,000,000 | -159,000,000 | -16,000,000 | 78,000,000 | 112,000,000 | -512,000,000 | 110,000,000 | -108,000,000 | 340,000,000 | -189,000,000 | -157,000,000 | 287,000,000 | -1,000,000 | 44,000,000 | 10,000,000 | 7,000,000 | -17,000,000 | 232,000,000 | 32,000,000 | ||||
beginning of period | |||||||||||||||||||||||||||||||||||||||||||||||||
end of period | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment on investments and note receivable of unconsolidated affiliate | |||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash and cash equivalents: | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash conversion of note receivable to investment in unconsolidated affiliate | |||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment on investments and note receivable of unconsolidated affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from kdp revolver | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of kdp revolver | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from controlling shareholder stock transactions | 0 | 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
non-cash acquisition of controlling interest | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of unconsolidated affiliates | 18,000,000 | 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayments of 2019 kdp term loan | |||||||||||||||||||||||||||||||||||||||||||||||||
measurement period adjustment of core purchase price | |||||||||||||||||||||||||||||||||||||||||||||||||
repayments of kdp revolver | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of stock by jab | |||||||||||||||||||||||||||||||||||||||||||||||||
finance lease additions | 60,000,000 | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured credit facility | 0 | 1,850,000,000 | 1,000,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior unsecured notes | 0 | 1,500,000,000 | 0 | 0 | 0 | 500,000,000 | 0 | 1,700,000,000 | |||||||||||||||||||||||||||||||||||||||||
net payment of commercial paper | |||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes | |||||||||||||||||||||||||||||||||||||||||||||||||
payments on term loan | -730,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
tax witholdings related to net share settlements | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on step acquisition of unconsolidated subsidiaries | -12,000,000 | 0 | 0 | 0 | -28,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property, plant and equipment | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired in acquisitions | 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from capital distributions from investments in unconsolidated affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||
net (repayment) issuance of commercial paper notes | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior unsecured notes | 0 | -314,000,000 | -391,000,000 | 0 | 0 | -500,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
repayment of unsecured credit facility | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash contributions from redeemable non-controlling interest shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for acquisition of business | |||||||||||||||||||||||||||||||||||||||||||||||||
fair value of stock and replacement equity awards not converted to cash | |||||||||||||||||||||||||||||||||||||||||||||||||
holdback liability for acquisition of business | |||||||||||||||||||||||||||||||||||||||||||||||||
capitalization of related party debt into additional paid-in-capital | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for related party interest | |||||||||||||||||||||||||||||||||||||||||||||||||
net (payment) issuance of commercial paper | -836,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
payments on senior unsecured notes | -250,000,000 | -250,000,000 | 0 | -250,000,000 | -250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
payment on unsecured credit facility | -1,850,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents — net change from: | |||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | -3,000,000 | -8,000,000 | 12,000,000 | 10,000,000 | 35,000,000 | 1,000,000 | -3,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 111,000,000 | 111,000,000 | -97,000,000 | 139,000,000 | 139,000,000 | 0 | -63,000,000 | 0 | 158,000,000 | 0 | 0 | 1,787,000,000 | |||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | 177,000,000 | 223,000,000 | -88,000,000 | 160,000,000 | 139,000,000 | 17,000,000 | 21,000,000 | -20,000,000 | 121,000,000 | -222,000,000 | 211,000,000 | 176,000,000 | |||||||||||||||||||||||||||||||||||||
measurement period adjustment of core nutrition llc purchase price | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment on investment and note receivable of unconsolidated affiliate | 86,000,000 | 86,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
return of capital from investments in consolidated subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (payments of) related party notes | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock private placement | |||||||||||||||||||||||||||||||||||||||||||||||||
intercompany contributions | |||||||||||||||||||||||||||||||||||||||||||||||||
net issuance of commercial paper notes | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from stock options exercised | 8,000,000 | -4,000,000 | 5,000,000 | 2,000,000 | 0 | 1,000,000 | 2,000,000 | 17,000,000 | 0 | 2,000,000 | 5,000,000 | 7,000,000 | 2,000,000 | 6,000,000 | 3,000,000 | 19,000,000 | 4,000,000 | 4,000,000 | 24,000,000 | 1,000,000 | 9,000,000 | 3,000,000 | 1,000,000 | 9,000,000 | 6,000,000 | 6,000,000 | 0 | ||||||||||||||||||||||
cash and cash equivalents — net change from: | |||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -3,000,000 | -2,000,000 | -1,000,000 | 2,000,000 | 1,000,000 | -7,000,000 | 0 | -3,000,000 | -1,000,000 | 0 | -4,000,000 | 1,000,000 | -1,000,000 | 2,000,000 | -1,000,000 | 3,000,000 | |||||||||||||||||||||||||||||||||
amortization expense | 172,000,000 | 78,000,000 | 85,000,000 | 124,000,000 | 11,000,000 | 9,000,000 | 6,000,000 | 8,000,000 | 6,000,000 | 11,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 10,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 10,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 6,000,000 | 5,000,000 | 8,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 30,000,000 | 14,000,000 | ||||||||
net issuance of commercial paper | 381,000,000 | 594,000,000 | -306,000,000 | 54,000,000 | -4,000,000 | -80,000,000 | 85,000,000 | ||||||||||||||||||||||||||||||||||||||||||
employee stock based compensation expense | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) or loss on foreign currency | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) or loss on derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of acquisition: | |||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable, prepaid and payables | |||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated subsidiaries | -16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from capital distributions from investments in unconsolidated subsidiaries | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from related party note | |||||||||||||||||||||||||||||||||||||||||||||||||
payments on capital leases | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock under compensation plans | |||||||||||||||||||||||||||||||||||||||||||||||||
cash contributions (distributions) from (to) redeemable nci shareholders | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
share repurchases | |||||||||||||||||||||||||||||||||||||||||||||||||
cross currency swap | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred compensation | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain or loss on foreign currency | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain or loss on derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of business | |||||||||||||||||||||||||||||||||||||||||||||||||
net repayment on line of credit | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred revenue | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -17,000,000 | -16,000,000 | -16,000,000 | -16,000,000 | -17,000,000 | -16,000,000 | -16,000,000 | -17,000,000 | -16,000,000 | -16,000,000 | ||||||||||||||||||||||
unrealized losses on economic hedges | |||||||||||||||||||||||||||||||||||||||||||||||||
other accounts receivable | -3,000,000 | -7,000,000 | 4,000,000 | -5,000,000 | 5,000,000 | 5,000,000 | 8,000,000 | 0 | -6,000,000 | 1,000,000 | -2,000,000 | 5,000,000 | 2,000,000 | -4,000,000 | -11,000,000 | 10,000,000 | -5,000,000 | 2,000,000 | -15,000,000 | -1,000,000 | 15,000,000 | ||||||||||||||||||||||||||||
trade accounts payable | 104,000,000 | 17,000,000 | -17,000,000 | 17,000,000 | 5,000,000 | 19,000,000 | -3,000,000 | -46,000,000 | 0 | 81,000,000 | -34,000,000 | 7,000,000 | -49,000,000 | 67,000,000 | 1,000,000 | 16,000,000 | 32,000,000 | -14,000,000 | -47,000,000 | 25,000,000 | 46,000,000 | ||||||||||||||||||||||||||||
income taxes payable | 0 | 27,000,000 | 2,000,000 | -31,000,000 | 17,000,000 | 20,000,000 | -48,000,000 | 1,000,000 | -8,000,000 | 53,000,000 | 4,000,000 | -31,000,000 | 10,000,000 | 59,000,000 | -28,000,000 | -9,000,000 | 38,000,000 | -2,000,000 | -8,000,000 | 18,000,000 | -476,000,000 | 140,000,000 | 132,000,000 | 110,000,000 | -37,000,000 | 23,000,000 | 16,000,000 | -13,000,000 | -1,000,000 | -1,000,000 | 13,000,000 | 1,000,000 | 47,000,000 | ||||||||||||||||
acquisition of business | -71,000,000 | -2,000,000 | -3,000,000 | -3,000,000 | -2,000,000 | -1,548,000,000 | 0 | 0 | 0 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||
cash acquired in step acquisition of unconsolidated subsidiaries | 1,000,000 | 0 | 0 | 3,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
purchase of property, plant and equipment | -38,000,000 | -41,000,000 | -117,000,000 | -44,000,000 | -25,000,000 | -16,000,000 | -70,000,000 | -42,000,000 | -41,000,000 | -27,000,000 | -108,000,000 | -29,000,000 | -22,000,000 | -20,000,000 | -32,000,000 | -34,000,000 | -37,000,000 | -50,000,000 | -32,000,000 | -29,000,000 | -50,000,000 | -54,000,000 | -38,000,000 | -51,000,000 | -44,000,000 | -50,000,000 | -54,000,000 | ||||||||||||||||||||||
purchase of intangible assets | -2,000,000 | -3,000,000 | -1,000,000 | 0 | -4,000,000 | -1,000,000 | -1,000,000 | 0 | 0 | 0 | 0 | 0 | -5,000,000 | 0 | 0 | -1,000,000 | -6,000,000 | ||||||||||||||||||||||||||||||||
investment in unconsolidated subsidiaries | 0 | -19,000,000 | 0 | -2,000,000 | 0 | -1,000,000 | 0 | 0 | 0 | -6,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||
proceeds from disposals of property, plant and equipment | 0 | 1,000,000 | 0 | 2,000,000 | 0 | 1,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 8,000,000 | 1,000,000 | 10,000,000 | 1,000,000 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 4,000,000 | 1,000,000 | 0 | 0 | 1,000,000 | 5,000,000 | ||||||||||||||||||||||||
proceeds from issuance of senior unsecured notes | 0 | 0 | 1,550,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
repurchase of shares of common stock | -79,000,000 | -143,000,000 | -149,000,000 | -28,000,000 | -59,000,000 | -157,000,000 | -124,000,000 | -179,000,000 | -117,000,000 | -153,000,000 | -116,000,000 | -135,000,000 | -70,000,000 | -146,000,000 | -60,000,000 | -117,000,000 | -25,000,000 | -101,000,000 | -138,000,000 | -110,000,000 | -67,000,000 | -85,000,000 | -100,000,000 | -225,000,000 | -100,000,000 | -353,000,000 | -355,000,000 | -202,000,000 | |||||||||||||||||||||
dividends paid | -105,000,000 | -104,000,000 | -105,000,000 | -105,000,000 | -107,000,000 | -97,000,000 | -98,000,000 | -98,000,000 | -100,000,000 | -90,000,000 | -91,000,000 | -92,000,000 | -93,000,000 | -79,000,000 | -80,000,000 | -82,000,000 | -75,000,000 | -77,000,000 | -78,000,000 | -70,000,000 | -71,000,000 | -72,000,000 | -73,000,000 | -68,000,000 | -72,000,000 | -55,000,000 | -56,000,000 | -60,000,000 | -38,000,000 | -38,000,000 | |||||||||||||||||||
tax withholdings related to net share settlements of certain stock awards | 0 | -21,000,000 | 0 | 0 | 0 | -30,000,000 | 0 | 0 | 0 | -31,000,000 | 0 | 0 | -1,000,000 | -26,000,000 | 0 | -1,000,000 | -15,000,000 | -1,000,000 | -1,000,000 | -11,000,000 | |||||||||||||||||||||||||||||
premium on issuance of senior unsecured notes | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from termination of interest rate swap | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
capital lease payments | -3,000,000 | -4,000,000 | -4,000,000 | -3,000,000 | -2,000,000 | -3,000,000 | -3,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||
unrealized gains on economic hedges | 11,000,000 | -17,000,000 | 12,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible asset | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of multi-employer plan withdrawal liability | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of cost method investments | |||||||||||||||||||||||||||||||||||||||||||||||||
premium (discount) on issuance of senior unsecured notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and restricted cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||
purchase of cost method investment | 0 | 0 | 0 | -15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit on stock-based compensation | 0 | 1,000,000 | 1,000,000 | 20,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 19,000,000 | 1,000,000 | 0 | 8,000,000 | 0 | 2,000,000 | 4,000,000 | 0 | 1,000,000 | 2,000,000 | 13,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 153,000,000 | 366,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | 208,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 911,000,000 | 0 | 0 | 237,000,000 | 0 | 0 | 0 | 701,000,000 | 0 | 0 | 315,000,000 | 0 | 0 | 280,000,000 | 0 | 0 | 0 | 214,000,000 | 0 | 67,000,000 | 67,000,000 | ||||||||||||||||||||||||||
cash and cash equivalents at end of period | 375,000,000 | -30,000,000 | 275,000,000 | 80,000,000 | 34,000,000 | 93,000,000 | 131,000,000 | 15,000,000 | 120,000,000 | 6,000,000 | 80,000,000 | 111,000,000 | 192,000,000 | 101,000,000 | -107,000,000 | 657,000,000 | -187,000,000 | -160,000,000 | 571,000,000 | -2,000,000 | 47,000,000 | 16,000,000 | 219,000,000 | -25,000,000 | 300,000,000 | 99,000,000 | |||||||||||||||||||||||
cash paid for shares not yet received | 40,000,000 | -90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of commercial paper | |||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures included in other current liabilities | 5,000,000 | 68,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
stock issued for acquisition of business | 0 | 13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
capital lease additions | 0 | 1,000,000 | 41,000,000 | 2,000,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
interest paid | 45,000,000 | 11,000,000 | 9,000,000 | 52,000,000 | 7,000,000 | 1,000,000 | 0 | 62,000,000 | 5,000,000 | 8,000,000 | 68,000,000 | 11,000,000 | 94,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||
income taxes paid | 73,000,000 | 52,000,000 | 89,000,000 | 59,000,000 | 502,000,000 | 73,000,000 | 97,000,000 | 28,000,000 | 107,000,000 | 71,000,000 | 13,000,000 | 72,000,000 | 70,000,000 | 20,000,000 | 38,000,000 | 24,000,000 | |||||||||||||||||||||||||||||||||
current and non-current deferred revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior unsecured notes and senior unsecured credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior unsecured notes and senior unsecured credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures included in accounts payable | 41,000,000 | -1,000,000 | -6,000,000 | 39,000,000 | -6,000,000 | 6,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||
loss on property and intangible assets | 4,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
trade and other accounts receivable | 54,000,000 | -55,000,000 | -26,000,000 | 47,000,000 | -48,000,000 | 10,000,000 | -35,000,000 | -9,000,000 | -7,000,000 | -51,000,000 | |||||||||||||||||||||||||||||||||||||||
other non-current liabilities | -6,000,000 | 9,000,000 | -1,000,000 | -7,000,000 | 3,000,000 | -1,000,000 | -24,000,000 | -14,000,000 | -9,000,000 | -3,000,000 | -7,000,000 | ||||||||||||||||||||||||||||||||||||||
repayment of senior unsecured credit facility | 0 | 0 | -405,000,000 | -1,325,000,000 | -200,000,000 | -125,000,000 | -155,000,000 | -100,000,000 | -55,000,000 | ||||||||||||||||||||||||||||||||||||||||
currency translation | 1,000,000 | 2,000,000 | 2,000,000 | -3,000,000 | 4,000,000 | -1,000,000 | 3,000,000 | 6,000,000 | -2,000,000 | -8,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operations: | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of intangible assets | 0 | -2,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposals of intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transfer of assets | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | 7,000,000 | -47,000,000 | -42,000,000 | 8,000,000 | -3,000,000 | 14,000,000 | 12,000,000 | -74,000,000 | |||||||||||||||||||||||||||||||||||||||||
other non-current assets | -7,000,000 | -4,000,000 | -8,000,000 | -6,000,000 | -13,000,000 | -8,000,000 | 4,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||
deferred revenue | 0 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
non-current deferred revenue | -10,000,000 | 861,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of intangible assets and property | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operations: | |||||||||||||||||||||||||||||||||||||||||||||||||
write-off of deferred loan costs | 0 | 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill and intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
provision for doubtful accounts | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
employee stock-based expense | |||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property and intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
related party receivable | 0 | 11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
related party payable | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of subsidiaries, net of cash | |||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments and intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
issuances of related party notes receivables | 0 | -165,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of related party notes receivables | 0 | 1,540,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of related party long-term debt | 0 | 1,615,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from bridge loan facility | 0 | 1,700,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior unsecured credit facility | 0 | 2,200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of related party long-term debt | 0 | -4,664,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of bridge loan facility | 0 | -1,700,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash distributions to cadbury | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in cadbury’s net investment | 0 | -1,971,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of intangible assets and property | -1,000,000 | 0 | -62,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposals of investments and other assets | 0 | 0 | 68,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of related party notes receivables | |||||||||||||||||||||||||||||||||||||||||||||||||
cash distribution to cadbury | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash settlement related to separation from cadbury | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash purchase accounting adjustment related to prior year acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from related party notes receivables | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transfers of operating assets and liabilities to cadbury | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transfer of pension obligation | 71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
employee stock-based expense, net of tax benefit | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
related party payables | -70,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
settlement related to separation from cadbury | 141,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting adjustment related to prior year acquisitions | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
transfers of property, plant, and equipment to cadbury | |||||||||||||||||||||||||||||||||||||||||||||||||
transfers of operating assets and liabilities to cadbury | |||||||||||||||||||||||||||||||||||||||||||||||||
reduction in long-term debt from cadbury | |||||||||||||||||||||||||||||||||||||||||||||||||
related entities acquisition payments | |||||||||||||||||||||||||||||||||||||||||||||||||
note payable related to acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities expected to be reimbursed by cadbury | |||||||||||||||||||||||||||||||||||||||||||||||||
reclassifications for tax transactions | |||||||||||||||||||||||||||||||||||||||||||||||||
changes in: | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||
decrease in trade accounts receivable | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in related party receivables | -21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other accounts receivable | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in inventories | -35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in prepaid expenses other current assets | -34,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other non-current assets | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable and accrued expenses | -60,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in related party payables | 63,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in income taxes payable | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in other non-current liabilities | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments and intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes receivables | 37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
issuances of notes receivables | |||||||||||||||||||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 129,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | -145,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
change in cadbury schweppes’ net investment | -50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transfers of property, plant and equipment to other cadbury schweppes companies | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transfers of operating assets and liabilities to other cadbury schweppes companies | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
non-cash reclassifications upon fin 48 adoption |