Keurig Dr Pepper (KDP) 10-Q 27 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 25, 2016
DEI [Abstract]
Entity Registrant Name	Dr Pepper Snapple Group, Inc.
Entity Central Index Key	1,418,135
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		185,812,016

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net sales	$ 1,487	$ 1,451
Cost of sales	602	602
Gross profit	885	849
Selling, general and administrative expenses	546	552
Depreciation and amortization	26	27
Other operating expense, net	0	0
Income from operations	313	270
Interest expense	33	27
Interest income	0	0
Other income, net	(1)	(1)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	281	244
Provision for income taxes	99	87
Income before equity in earnings of unconsolidated subsidiaries	182	157
Equity in earnings of unconsolidated subsidiaries, net of tax	0	0
Net income	$ 182	$ 157
Earnings per common share:
Basic	$ 0.97	$ 0.82
Diluted	$ 0.96	$ 0.81
Weighted average common shares outstanding:
Basic	187.6	193
Diluted	189	194.6
Cash dividends declared per common share	$ 0.53	$ 0.48

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Comprehensive income	$ 190	$ 132

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 275	$ 911
Accounts receivable:
Trade, net	576	570
Other	53	58
Inventories	235	209
Prepaid expenses and other current assets	144	69
Total current assets	1,283	1,817
Property, plant and equipment, net	1,136	1,156
Investments in unconsolidated subsidiaries	36	31
Goodwill	2,988	2,988
Other intangible assets, net	2,662	2,663
Other non-current assets	193	150
Non-current deferred tax assets	66	64
Total assets	8,364	8,869
Current liabilities:
Accounts payable	357	277
Deferred revenue	64	64
Short-term borrowings and current portion of long-term obligations	8	507
Income taxes payable	59	27
Other current liabilities	688	708
Total current liabilities	1,176	1,583
Long-term obligations	2,907	2,875
Non-current deferred tax liabilities	797	787
Non-current deferred revenue	1,166	1,181
Other non-current liabilities	216	260
Total liabilities	$ 6,262	$ 6,686
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued	$ 0	$ 0
Common stock, $0.01 par value, 800,000,000 shares authorized, 186,694,160 and 187,841,509 shares issued and outstanding for 2016 and 2015, respectively	2	2
Additional paid-in capital	93	211
Retained earnings	2,194	2,165
Accumulated other comprehensive loss	(187)	(195)
Total stockholders' equity	2,102	2,183
Total liabilities and stockholders' equity	$ 8,364	$ 8,869

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Stockholders' equity:
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	186,694,160	187,841,509
Common stock, shares outstanding	186,694,160	187,841,509

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net income	$ 182	$ 157
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	48	48
Amortization expense	8	8
Amortization of deferred revenue	(16)	(16)
Employee stock-based compensation expense	11	9
Deferred income taxes	16	15
Other, net	(25)	(17)
Changes in assets and liabilities, net of effects of acquisition:
Trade accounts receivable	(5)	(19)
Other accounts receivable	1	(4)
Inventories	(25)	(26)
Other current and non-current assets	(82)	(81)
Other current and non-current liabilities	(70)	(99)
Trade accounts payable	81	67
Income taxes payable	53	59
Net cash provided by operating activities	177	101
Investing activities:
Purchase of property, plant and equipment	(27)	(20)
Investment in unconsolidated subsidiaries	(6)	0
Purchase of cost method investment	0	(15)
Proceeds from disposals of property, plant and equipment	1	1
Other, net	(8)	(6)
Net cash used in investing activities	(40)	(40)
Financing activities:
Repayment of senior unsecured notes	(500)	0
Repurchase of shares of common stock	(179)	(135)
Dividends paid	(90)	(79)
Tax withholdings related to net share settlements of certain stock awards	(31)	(26)
Proceeds from stock options exercised	7	19
Excess tax benefit on stock-based compensation	20	19
Capital lease payments	(2)	(1)
Other, net	0	1
Net cash used in financing activities	(775)	(202)
Cash and cash equivalents - net change from:
Operating, investing and financing activities	(638)	(141)
Effect of exchange rate changes on cash and cash equivalents	2	(3)
Cash and cash equivalents at beginning of year	911	237
Cash and cash equivalents at end of period	$ 275	$ 93

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 3 months ended Mar. 31, 2016 - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Total Equity [Member]
Shares issued at beginning of period at Dec. 31, 2015		187.9
Total equity at beginning of period at Dec. 31, 2015	$ 2,183	$ 2	$ 211	$ 2,165	$ (195)	$ 2,183
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee stock-based compensation plans and other		0.8
Net income	182			182		182
Other comprehensive loss	8				8	8
Value of dividend equivalent units outstanding			1
Dividends declared, cash				(100)		(99)
Stock options exercised and stock-based compensation, net of tax			7			7
Common stock repurchases, shares		(2)
Common stock repurchases, value			(126)	(53)		(179)
Shares issued at end of period at Mar. 31, 2016		186.7
Total equity at end of period at Mar. 31, 2016	$ 2,102	$ 2	$ 93	$ 2,194	$ (187)	$ 2,102

Consolidated Statements of Cha8

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)$ / shares
Statement of Stockholders' Equity [Abstract]
Dividends declared per share | $ / shares	$ 0.53
Stock options and stock-based compensation tax benefit | $	$ (20)

General

General	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
General	General References in this Quarterly Report on Form 10-Q to " DPS " or "the Company " refer to Dr Pepper Snapple Group, Inc. and all entities included in the unaudited condensed consolidated financial statements . This Quarterly Report on Form 10-Q refers to some of DPS ' owned or licensed trademarks, trade names and service marks, which are referred to as the Company 's brands. All of the product names included herein are either DPS ' registered trademarks or those of the Company 's licensors. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (" U.S. GAAP ") for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements . In the opinion of management, all adjustments, consisting principally of normal recurring adjustments, considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from these estimates. These unaudited condensed consolidated financial statements should be read in conjunction with the Company 's audited consolidated financial statements and the notes thereto in the Company 's Annual Report on Form 10-K for the year ended December 31, 2015 . PRINCIPLES OF CONSOLIDATION DPS consolidates all wholly owned subsidiaries. The Company uses the equity method to account for investments in companies if the investment provides the Company with the ability to exercise significant influence over operating and financial policies of the investee. Consolidated net income includes DPS' proportionate share of the net income or loss of these companies. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company is also required to consolidate entities that are variable interest entities (“ VIE s”) of which DPS is the primary beneficiary. Judgments are made in assessing whether the Company is the primary beneficiary, including determination of the activities that most significantly impact the VIE ’s economic performance. The Company eliminates from its financial results all intercompany transactions between entities included in the unaudited condensed consolidated financial statements and the intercompany transactions with its equity method investees. USE OF ESTIMATES The process of preparing DPS ' unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the use of estimates and judgments that affect the reported amount of assets, liabilities, revenue and expenses. These estimates and judgments are based on historical experience, future expectations and other factors and assumptions the Company believes to be reasonable under the circumstances. These estimates and judgments are reviewed on an ongoing basis and are revised when necessary. Changes in estimates are recorded in the period of change. Actual amounts may differ from these estimates. The following critical accounting estimates are discussed in greater detail in our Annual Report on Form 10-K for the year ended December 31, 2015 : • goodwill and other indefinite-lived intangible assets; • revenue recognition; • pension benefits; • risk management programs; and • income taxes. RECLASSIFICATION Capital lease payments have been reclassified from other, net to the capital lease payments caption within the financing activities section in the unaudited Condensed Consolidated Statements of Cash Flows for the prior period to conform to the current period's presentation, with no impact to total cash provided by (used in) operating, investing or financing activities. This reclassification within the unaudited Condensed Consolidated Statements of Cash Flows also resulted in corresponding changes to prior period presentation in Note 15 . RECENTLY ISSUED ACCOUNTING STANDARDS In May 2014, the Financial Accounting Standards Board (" FASB ") issued Accounting Standards Update (" ASU ") 2014-09, Revenue from Contracts with Customers (Topic 606) (" ASU 2014-09 "). The new guidance sets forth a new five-step revenue recognition model which replaces the prior revenue recognition guidance in its entirety and is intended to eliminate numerous industry-specific pieces of revenue recognition guidance that have historically existed in U.S. GAAP . The underlying principle of the new standard is that a business or other organization will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. The standard also requires more detailed disclosures and provides additional guidance for transactions that were not addressed completely in the prior accounting guidance. ASU 2014-09 provides alternative methods of initial adoption. In August 2015, the FASB issued ASU 2015-14 , Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , which defers the effective date of ASU 2014-09 by one year to December 15, 2017 for interim and annual reporting periods beginning after that date and permitted early adoption of the standard, but not before the original effective date. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , which clarifies the implementation guidance on principal versus agent considerations for the new model. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , which clarifies the implementation guidance related to identifying performance obligations and licensing for the new model. The Company is currently evaluating the impact that the above standards will have on the consolidated financial statements and does not plan to early adopt these ASUs. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The ASU enhances the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation and disclosure. The update to the standard is effective for public companies for interim and annual periods beginning after December 15, 2017. The Company is currently evaluating the impact that the standard will have on the consolidated financial statements and will adopt this standard as of January 1, 2018. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) ("ASU 2016-02"). The ASU replaces the prior lease accounting guidance in its entirety. The underlying principle of the new standard is the recognition of lease assets and lease liabilities by lessees for substantially all leases, with an exception for leases with terms of less than twelve months. The standard also requires additional quantitative and qualitative disclosures. ASU 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018, and early adoption is permitted. The standard requires a modified retrospective approach, which includes several optional practical expedients. The Company is currently evaluating the impact that ASU 2016-02 will have on the consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share Based Payment Accounting ("ASU 2016-09") as part of the FASB simplification initiative. The new standard provides for changes to accounting for stock compensation including 1) excess tax benefits and tax deficiencies related to share based payment awards will be recognized as income tax expense in the reporting period in which they occur; 2) excess tax benefits will be classified as an operating activity in the statement of cash flow; 3) the option to elect to estimate forfeitures or account for them when they occur; and 4) increase tax withholding requirements threshold to qualify for equity classification. The ASU is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2016, and early adoption is permitted. The Company is currently evaluating the impact that ASU 2016-09 will have on the consolidated financial statements. RECENTLY ADOPTED PROVISIONS OF U.S. GAAP As of January 1, 2016, the Company adopted ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments on a prospective basis, with no impact to the unaudited condensed consolidated financial statements . In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships ("ASU 2016-05"). The ASU clarifies that a change in counterparty to a derivative instrument that has been designated as a hedging instrument under Topic 815 does not require de-designation of that hedging relationship, provided that all other hedge accounting criteria continue to be met. ASU 2016-05 is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. ASU 2016-05 may be adopted on either a prospective basis or a modified retrospective basis. The Company has adopted ASU 2016-05 as of March 31, 2016, on a prospective basis, with no impact to the unaudited condensed consolidated financial statements . In March 2016, the FASB issued ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting ("ASU 2016-07"). The ASU eliminates the requirement to retroactively adopt the equity method of accounting when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence. ASU 2016-07 is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. The Company has adopted ASU 2016-07 as of March 31, 2016, on a prospective basis, with no impact to the unaudited condensed consolidated financial statements .

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: March 31, December 31, (in millions) 2016 2015 Raw materials $ 99 $ 101 Spare parts 15 18 Work in process 6 4 Finished goods 151 123 Inventories at first in first out cost 271 246 Reduction to last-in, first-out ("LIFO") cost (36 ) (37 ) Inventories $ 235 $ 209 Approximately $165 million and $154 million of the Company 's inventory was accounted for under the LIFO method of accounting as of March 31, 2016 and December 31, 2015 , respectively. The reduction to LIFO cost reflects the excess of the current cost of LIFO inventories as of March 31, 2016 and December 31, 2015 , over the amount at which these inventories were valued on the unaudited Condensed Consolidated Balance Sheets. For the three months ended March 31, 2016 , LIFO inventory liquidation increased the Company's gross profit by $1 million . For the three months ended March 31, 2015 , there was no LIFO inventory liquidation.

Investment in Unconsolidated Su

Investment in Unconsolidated Subsidiaries Investment in Unconsolidated Subsidiaries	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Investments in unconsolidated subsidiaries	Investments in Unconsolidated Subsidiaries On March 24, 2016, the Company acquired an additional 3.8% interest in BA Sports Nutrition, LLC for $6 million , which increased the total ownership interest in the equity method investment to 15.5% . The carrying value of the aggregate investment was $25 million as of March 31, 2016 .

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets and Other Current Liabilities	3 Months Ended
	Mar. 31, 2016
Prepaid Expenses and Other Current Assets and Other Current Liabilities [Abstract]
Prepaid expenses and other current assets and other current liabilities	Prepaid Expenses and Other Current Assets and Other Current Liabilities The table below details the components of prepaid expenses and other current assets and other current liabilities: March 31, December 31, (in millions) 2016 2015 Prepaid expenses and other current assets: Customer incentive programs $ 73 $ 21 Derivative instruments 6 9 Other 65 39 Total prepaid expenses and other current assets $ 144 $ 69 Other current liabilities: Customer rebates and incentives $ 236 $ 283 Accrued compensation 84 133 Insurance liability 44 42 Interest accrual 48 30 Dividends payable 99 90 Derivative instruments 24 29 Multi-employer pension plan withdrawal liability 56 — Other 97 101 Total other current liabilities $ 688 $ 708

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes the Company 's long-term obligations: March 31, December 31, (in millions) 2016 2015 Senior unsecured notes (1) $ 2,776 $ 3,246 Capital lease obligations 139 136 Subtotal 2,915 3,382 Less - current portion (8 ) (507 ) Long-term obligations $ 2,907 $ 2,875 ____________________________ (1) The carrying amount includes the unamortized net discount on debt issuances and adjustments of $69 million and $40 million as of March 31, 2016 and December 31, 2015 , respectively, related to the change in the fair value of interest rate swaps designated as fair value hedges. See Note 6 for further information regarding derivatives. The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: March 31, December 31, (in millions) 2016 2015 Commercial paper $ — $ — Current portion of long-term obligations: Senior unsecured notes — 500 Capital lease obligations 8 7 Short-term borrowings and current portion of long-term obligations $ 8 $ 507 SENIOR UNSECURED NOTES The Company 's senior unsecured notes consisted of the following: (in millions) Principal Amount Carrying Amount March 31, March 31, December 31, Issuance Maturity Date Rate 2016 2016 2015 2016 Notes (1) January 15, 2016 2.90% $ — $ — $ 500 2018 Notes May 1, 2018 6.82% 724 723 723 2019 Notes January 15, 2019 2.60% 250 251 250 2020 Notes January 15, 2020 2.00% 250 249 246 2021 Notes November 15, 2021 3.20% 250 255 250 2022 Notes November 15, 2022 2.70% 250 274 265 2025 Notes November 15, 2025 3.40% 500 494 494 2038 Notes May 1, 2038 7.45% 250 283 271 2045 Notes November 15, 2045 4.50% 250 247 247 $ 2,724 $ 2,776 $ 3,246 ____________________________ (1) On January 15, 2016, the Company used a portion of the net proceeds from the November 2015 issuance of the 2025 and 2045 Notes for repayment of the aggregate principal amount of the 2016 Notes of $500 million at maturity. UNSECURED CREDIT AGREEMENT The following table provides amounts utilized and available under our $500 million revolving line of credit (the " Revolver ") and each sublimit arrangement type as of March 31, 2016 : (in millions) Amount Utilized Balances Available Revolver $ — $ 500 Letters of credit — 75 Swingline advances — 50 As of March 31, 2016 , the Company was in compliance with all financial covenant requirements relating to its unsecured credit agreement. LETTERS OF CREDIT FACILITIES In addition to the portion of the Revolver reserved for issuance of letters of credit, the Company has incremental letters of credit facilities. Under these facilities, $120 million is available for the issuance of letters of credit, $60 million of which was utilized as of March 31, 2016 and $60 million of which remains available for use.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives DPS is exposed to market risks arising from adverse changes in: • interest rates; • foreign exchange rates; and • commodity prices affecting the cost of raw materials and fuels, which are recorded in cost of sales and selling, general and administrative (" SG&A ") expenses, respectively. The Company manages these risks through a variety of strategies, including the use of interest rate contracts, foreign exchange forward contracts, commodity forward and future contracts and supplier pricing agreements. DPS does not hold or issue derivative financial instruments for trading or speculative purposes. The Company formally designates and accounts for certain interest rate contracts and foreign exchange forward contracts that meet established accounting criteria under U.S. GAAP as either fair value or cash flow hedges. For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instruments is recorded, net of applicable taxes, in Accumulated Other Comprehensive Loss (" AOCL "), a component of Stockholders' Equity in the unaudited Condensed Consolidated Balance Sheets. When net income is affected by the variability of the underlying transaction, the applicable offsetting amount of the gain or loss from the derivative instrument deferred in AOCL is reclassified to net income and is reported as a component of the unaudited Condensed Consolidated Statements of Income. For derivative instruments that are designated and qualify as fair value hedges, the effective change in the fair value of the instrument, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized immediately in current-period earnings. For derivatives that are not designated or are de-designated as a hedging instrument, the gain or loss on the instrument is recognized in earnings in the period of change. Certain interest rate contracts qualify for the "shortcut" method of accounting for hedges under U.S. GAAP . Under the shortcut method, the hedges are assumed to be perfectly effective and no ineffectiveness is recorded in earnings. For all other designated hedges, t he Company assesses whether the derivative instrument is effective in offsetting the changes in fair value or variability of cash flows at the inception of the derivative contract. DPS measures hedge ineffectiveness on a quarterly basis throughout the designated period. Changes in the fair value of the derivative instrument that do not effectively offset changes in the fair value of the underlying hedged item throughout the designated hedge period are recorded in earnings each period. If a fair value or cash flow hedge were to cease to qualify for hedge accounting, or were terminated, the derivatives would continue to be carried on the balance sheet at fair value until settled and hedge accounting would be discontinued prospectively. If the underlying hedged transaction ceases to exist, any associated amounts reported in AOCL would be reclassified to earnings at that time. INTEREST RATES Fair Value Hedges The Company is exposed to the risk of changes in the fair value of certain fixed-rate debt attributable to changes in interest rates and manages these risks through the use of receive-fixed, pay-variable interest rate swaps. Any ineffectiveness is recorded as interest during the period incurred. The following table presents information regarding these interest rate swaps and the associated hedging relationships: Impact to the carrying value ($ in millions) Method of of long-term debt Hedging Number of measuring Notional March 31, December 31, Period entered relationship instruments effectiveness value 2016 2015 November 2011 2019 Notes 2 Short cut method $ 100 $ 2 $ 1 November 2011 2021 Notes 2 Short cut method 150 6 1 November 2012 2020 Notes 5 Short cut method 120 1 (2 ) December 2013 2022 Notes 4 Cumulative dollar offset (1) 250 26 17 February 2015 2038 Notes 1 Regression 100 34 23 $ 69 $ 40 ____________________________ (1) The assessment of hedge effectiveness is made by comparing the cumulative change in the fair value of the hedged item attributable to changes in the benchmark interest rate with the cumulative changes in the fair value of the interest rate swap. FOREIGN EXCHANGE Cash Flow Hedges The Company 's Canadian business purchases its inventory through transactions denominated and settled in United States (" U.S. ") dollars, a currency different from the functional currency of the Canadian business. These inventory purchases are subject to exposure from movements in exchange rates. During the three months ended March 31, 2016 and 2015 , the Company utilized foreign exchange forward contracts designated as cash flow hedges to manage the exposures resulting from changes in these foreign currency exchange rates. The intent of these foreign exchange contracts is to provide predictability in the Company 's overall cost structure. These foreign exchange contracts, carried at fair value, have maturities between one and 12 months as of March 31, 2016 . The Company had outstanding foreign exchange forward contracts with notional amounts of $31 million and $7 million as of March 31, 2016 and December 31, 2015 , respectively. COMMODITIES Economic Hedges DPS centrally manages the exposure to volatility in the prices of certain commodities used in its production process and transportation through forward and future contracts. The intent of these contracts is to provide a certain level of predictability in the Company 's overall cost structure. During the three months ended March 31, 2016 and 2015 , the Company held forward and future contracts that economically hedged certain of its risks. In these cases, a natural hedging relationship exists in which changes in the fair value of the instruments act as an economic offset to changes in the fair value of the underlying items. Changes in the fair value of these instruments are recorded in net income throughout the term of the derivative instrument and are reported in the same line item of the unaudited Condensed Consolidated Statements of Income as the hedged transaction. Unrealized gains and losses are recognized as a component of unallocated corporate costs until the Company 's operating segments are affected by the completion of the underlying transaction, at which time the gain or loss is reflected as a component of the respective segment's operating profit (" SOP "). The total notional values of derivatives related to economic hedges of this type were $162 million and $159 million as of March 31, 2016 and December 31, 2015 , respectively. FAIR VALUE OF DERIVATIVE INSTRUMENTS The following table summarizes the location of the fair value of the Company 's derivative instruments within the unaudited Condensed Consolidated Balance Sheets: (in millions) Balance Sheet Location March 31, December 31, Assets: Derivative instruments designated as hedging instruments under U.S. GAAP: Interest rate contracts Prepaid expenses and other current assets $ 6 $ 9 Interest rate contracts Other non-current assets 62 33 Derivative instruments not designated as hedging instruments under U.S. GAAP: Commodity contracts Other non-current assets 1 — Total assets $ 69 $ 42 Liabilities: Derivative instruments designated as hedging instruments under U.S. GAAP: Interest rate contracts Other current liabilities $ — $ 1 Foreign exchange forward contracts Other current liabilities 2 — Interest rate contracts Other non-current liabilities — 1 Derivative instruments not designated as hedging instruments under U.S. GAAP: Commodity contracts Other current liabilities 22 28 Commodity contracts Other non-current liabilities 3 3 Total liabilities $ 27 $ 33 IMPACT OF CASH FLOW HEDGES The following table presents the impact of derivative instruments designated as cash flow hedging instruments under U.S. GAAP to the unaudited Condensed Consolidated Statements of Income and Comprehensive Income: Amount of Loss Recognized in Amount of Loss Reclassified from AOCL into Income Location of Loss Reclassified from AOCL into Income (in millions) Other Comprehensive Income (Loss) ("OCI") For the three months ended March 31, 2016: Interest rate contracts $ — $ (2 ) Interest expense Foreign exchange forward contracts (2 ) — Cost of sales Total $ (2 ) $ (2 ) For the three months ended March 31, 2015: Interest rate contracts $ (11 ) $ (2 ) Interest expense Total $ (11 ) $ (2 ) There was no hedge ineffectiveness recognized in earnings for the three months ended March 31, 2016 and 2015 with respect to derivative instruments designated as cash flow hedges. During the next 12 months, the Company expects to reclassify pre-tax net losses of $10 million from AOCL into net income. IMPACT OF FAIR VALUE HEDGES The following table presents the impact of derivative instruments designated as fair value hedging instruments under U.S. GAAP to the unaudited Condensed Consolidated Statements of Income: Amount of Gain Location of Gain (in millions) Recognized in Income Recognized in Income For the three months ended March 31, 2016: Interest rate contracts $ 4 Interest expense Total $ 4 For the three months ended March 31, 2015: Interest rate contracts $ 4 Interest expense Total $ 4 For the three months ended March 31, 2016 , $1 million hedge ineffectiveness charge was recognized in earnings with respect to derivative instruments designated as fair value hedges. For the three months ended March 31, 2015 , a $1 million benefit due to hedge ineffectiveness was recognized in earnings with respect to derivative instruments designated as fair value hedges. IMPACT OF ECONOMIC HEDGES The following table presents the impact of derivative instruments not designated as hedging instruments under U.S. GAAP to the unaudited Condensed Consolidated Statements of Income: Amount of Gain (Loss) Location of Gain (Loss) (in millions) Recognized in Income Recognized in Income For the three months ended March 31, 2016: Commodity contracts (1) $ (1 ) Cost of sales Commodity contracts (1) — SG&A expenses Total $ (1 ) For the three months ended March 31, 2015: Commodity contracts (1) $ 1 Cost of sales Commodity contracts (1) (6 ) SG&A expenses Total $ (5 ) ____________________________ (1) Commodity contracts include both realized and unrealized gains and losses. Refer to Note 8 for additional information on the valuation of derivative instruments. The Company has exposure to credit losses from derivative instruments in an asset position in the event of nonperformance by the counterparties to the agreements. Historically, DPS has not experienced credit losses as a result of counterparty nonperformance. The Company selects and periodically reviews counterparties based on credit ratings, limits its exposure to a single counterparty under defined guidelines and monitors the market position of the programs upon execution of a hedging transaction and at least on a quarterly basis.

Other Non-Current Assets and Ot

Other Non-Current Assets and Other Non-Current Liabilities	3 Months Ended
	Mar. 31, 2016
Other Non-Current Assets and Other Non-Current Liabilities [Abstract]
Other Non-Current Assets and Other Non-Current Liabilities	Other Non-Current Assets and Other Non-Current Liabilities The table below details the components of other non-current assets and other non-current liabilities: March 31, December 31, (in millions) 2016 2015 Other non-current assets: Customer incentive programs $ 58 $ 52 Marketable securities - trading 32 25 Derivative instruments 63 33 Cost method investments 15 15 Other 25 25 Total other non-current assets $ 193 $ 150 Other non-current liabilities: Long-term payables due to Mondelēz International, Inc. $ 27 $ 26 Long-term pension and post-retirement liability 41 40 Multi-employer pension plan withdrawal liability (1) — 56 Insurance liability 77 75 Derivative instruments 3 4 Deferred compensation liability 32 25 Other 36 34 Total other non-current liabilities $ 216 $ 260 ____________________________ (1) In March 2016, the Company signed an agreement to settle the multi-employer pension plan withdrawal liability in May 2016. Accordingly, the liability has been reclassified as of March 31, 2016, to other current liabilities. Refer to Note 4 for further information.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2016
Fair Value [Abstract]
Fair Value of Financial Instruments	Fair Value Under U.S. GAAP , fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP provides a framework for measuring fair value and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. The three-level hierarchy for disclosure of fair value measurements is as follows: Level 1 - Quoted market prices in active markets for identical assets or liabilities. Level 2 - Observable inputs such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 - Valuations with one or more unobservable significant inputs that reflect the reporting entity's own assumptions. RECURRING FAIR VALUE MEASUREMENTS The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 : March 31, 2016 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in millions) Level 1 Level 2 Level 3 Commodity contracts $ — $ 1 $ — Interest rate contracts $ — $ 68 $ — Marketable securities - trading 32 — — Total assets $ 32 $ 69 $ — Commodity contracts $ — $ 25 $ — Foreign exchange forward contracts — 2 — Total liabilities $ — $ 27 $ — December 31, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in millions) Level 1 Level 2 Level 3 Interest rate contracts $ — $ 42 $ — Marketable securities - trading 25 — — Total assets $ 25 $ 42 $ — Commodity contracts $ — $ 31 $ — Interest rate contracts — 2 — Total liabilities $ — $ 33 $ — The fair values of marketable securities are determined using quoted market prices from daily exchange traded markets based on the closing price as of the balance sheet date and are classified as Level 1. The fair values of commodity forward and future contracts, interest rate swap contracts and foreign currency forward contracts are determined based on inputs that are readily available in public markets or can be derived from information available in publicly quoted markets. The fair value of commodity forward and future contracts are valued using the market approach based on observable market transactions, primarily underlying commodities futures or physical index prices, at the balance sheet date. Interest rate swap contracts are valued using models based primarily on readily observable market parameters, such as London Interbank Offered Rate forward rates, for all substantial terms of the Company 's contracts and credit risk of the counterparties. The fair value of foreign currency forward contracts are valued using quoted forward foreign exchange prices at the reporting date. Therefore, the Company has categorized these contracts as Level 2. As of March 31, 2016 and December 31, 2015 , the Company did not have any assets or liabilities measured on a recurring basis without observable market values that would require a high level of judgment to determine fair value (Level 3). There were no transfers of financial instruments between the three levels of the fair value hierarchy during the three months ended March 31, 2016 and 2015 . ESTIMATED FAIR VALUE OF THE COMPANY'S FINANCIAL STATEMENT INSTRUMENTS The carrying values and estimated fair values of the Company 's financial instruments that are not required to be measured at fair value in the unaudited Condensed Consolidated Balance Sheet are as follows: Fair Value Hierarchy Level March 31, 2016 December 31, 2015 (in millions) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and Cash Equivalents (1) 1 $ 275 $ 275 $ 911 $ 911 Liabilities: Long-term debt – 2016 Notes (2) 2 — — 500 500 Long-term debt – 2018 Notes (2) 2 723 806 723 802 Long-term debt – 2019 Notes (2) 2 251 256 250 248 Long-term debt – 2020 Notes (2) 2 249 250 246 244 Long-term debt – 2021 Notes (2) 2 255 260 250 253 Long-term debt – 2022 Notes (2) 2 274 252 265 241 Long-term debt – 2025 Notes (2) 2 494 518 494 491 Long-term debt – 2038 Notes (2) 2 283 349 271 344 Long-term debt – 2045 Notes (2) 2 247 264 247 244 ____________________________ (1) Cash equivalents are composed of certificates of deposit, time deposits and other interest-bearing investments with original maturity dates of three months or less. Cash equivalents are recorded at cost, which approximates fair value. (2) The fair value amounts of long term debt were based on current market rates available to the Company . The difference between the fair value and the carrying value represents the theoretical net premium or discount that would be paid or received to retire all debt and related unamortized costs to be incurred at such date. The carrying amount includes the unamortized discounts and issuance costs on the issuance of debt and adjustments related to the change in the fair value of interest rate swaps designated as fair value hedges on the 2019, 2020, 2021, 2022 and 2038 Notes. Refer to Note 6 for additional information regarding derivatives.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company 's Omnibus Stock Incentive Plan of 2009 ( " DPS Stock Plan ") provides for various long-term incentive awards, including stock options, restricted stock units (" RSU s") and performance share units (" PSU s"). Beginning in 2016, RSU s granted for certain participants in the DPS Stock Plan will vest ratably over three years. Outstanding RSU s granted prior to January 1, 2016 will continue to vest on a cliff schedule of three years. Stock-based compensation expense is recorded in SG&A expenses in the unaudited Condensed Consolidated Statements of Income. The components of stock-based compensation expense are presented below: For the Three Months Ended March 31, (in millions) 2016 2015 Total stock-based compensation expense $ 11 $ 9 Income tax benefit recognized in the statement of income (4 ) (3 ) Stock-based compensation expense, net of tax $ 7 $ 6 STOCK OPTIONS The table below summarizes stock option activity for the three months ended March 31, 2016 : Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of January 1, 2016 1,231,118 $ 58.98 8.24 $ 42 Granted 406,858 91.98 Exercised (142,159 ) 49.25 6 Forfeited or expired — — Outstanding as of March 31, 2016 1,495,817 68.88 8.57 32 Exercisable as of March 31, 2016 592,714 54.42 7.71 21 As of March 31, 2016 , there was $8 million of unrecognized compensation cost related to unvested stock options granted under the DPS Stock Plan that is expected to be recognized over a weighted average period of 1.52 years . RESTRICTED STOCK UNITS The table below summarizes RSU activity for the three months ended March 31, 2016 . The fair value of RSU s is determined based on the number of units granted and the grant date price of the Company's common stock. RSUs Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of January 1, 2016 1,497,416 $ 55.40 1.03 $ 140 Granted 346,903 91.98 Vested and released (583,878 ) 43.90 54 Forfeited (11,910 ) 66.65 Outstanding as of March 31, 2016 1,248,531 70.83 1.52 112 As of March 31, 2016 , there was $58 million of unrecognized compensation cost related to unvested RSU s granted under the DPS Stock Plan that is expected to be recognized over a weighted average period of 1.50 years . During the three months ended March 31, 2016 , 583,878 shares subject to previously granted RSU s vested. A majority of these vested RSU s were net share settled. The Company withheld 187,360 shares based upon the Company's closing stock price on the vesting date to settle the employees' minimum statutory obligation for applicable income and other employment taxes. Subsequently, the Company remitted the required funds to the appropriate taxing authorities. Total payments for the employees' tax obligations to the relevant taxing authorities were $19 million and $21 million for the three months ended March 31, 2016 and 2015 , respectively, and are reflected as a financing activity within the unaudited Condensed Consolidated Statements of Cash Flows. These payments were used for tax withholdings related to the net share settlements of RSU s and dividend equivalent units (" DEUs "). These payments had the effect of share repurchases by the Company as they reduced the number of shares that would have otherwise been issued on the vesting date and were recorded as a reduction of additional paid-in capital. PERFORMANCE SHARE UNITS The table below summarizes PSU activity for the three months ended March 31, 2016 . The fair value of PSU s is determined based on the number of units granted and the grant date price of the Company's common stock. PSUs Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of January 1, 2016 443,374 $ 55.54 0.88 $ 41 Granted 103,815 63.65 Performance adjustment (1) 172,500 43.82 Vested and released (345,000 ) 43.82 32 Forfeited — — Outstanding as of March 31, 2016 374,689 63.16 1.63 34 ____________________________ (1) For PSU s which vested during the three months ended March 31, 2016 , the Company awarded additional PSU s, as actual results measured at the end of the performance period exceeded target performance levels. As of March 31, 2016 , there was $16 million of unrecognized compensation cost related to unvested PSU s granted under the DPS Stock Plan that is expected to be recognized over a weighted average period of 1.62 years . During the three months ended March 31, 2016 , 345,000 units subject to previously granted PSU s vested. A majority of these vested PSU s were net share settled. The Company withheld 119,084 shares based upon the Company's closing stock price on the vesting date to settle the employees' minimum statutory obligation for the applicable income and other employment taxes. Subsequently, the Company remitted the required funds to the appropriate taxing authorities. Total payments for the employees' tax obligations to the relevant taxing authorities were $12 million and $5 million for the three months ended March 31, 2016 and 2015 , respectively, and are reflected as a financing activity within the unaudited Condensed Consolidated Statements of Cash Flows. These payments were used for tax withholdings related to the net share settlements of PSU s and DEUs . These payments had the effect of share repurchases by the Company as they reduced the number of shares that would have otherwise been issued on the vesting date and were recorded as a reduction of additional paid-in capital.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the assumed conversion of all dilutive securities. The following table presents the basic and diluted EPS and the Company's basic and diluted shares outstanding: For the Three Months Ended March 31, (in millions, except per share data) 2016 2015 Basic EPS: Net income $ 182 $ 157 Weighted average common shares outstanding 187.6 193.0 Earnings per common share — basic $ 0.97 $ 0.82 Diluted EPS: Net income $ 182 $ 157 Weighted average common shares outstanding 187.6 193.0 Effect of dilutive securities: Stock options 0.3 0.3 RSUs 0.9 1.2 PSUs 0.2 0.1 Weighted average common shares outstanding and common stock equivalents 189.0 194.6 Earnings per common share — diluted $ 0.96 $ 0.81 Stock options, RSU s, PSU s and DEUs totaling 0.2 million shares were excluded from the diluted weighted average shares outstanding for the three months ended March 31, 2016 , as they were not dilutive. Stock options, RSU s, PSU s and DEUs totaling 0.3 million shares were excluded from the diluted weighted average shares outstanding for the three months ended March 31, 2015 as they were not dilutive. Under the terms of our RSU and PSU agreements, unvested RSU and PSU awards contain forfeitable rights to dividends and DEUs . Because the DEUs are forfeitable, they are defined as non-participating securities. As of March 31, 2016 , there were 46,491 DEUs , which will vest at the time that the underlying RSU or PSU vests. Through 2015, the Board authorized a total aggregate share repurchase plan of $4 billion . In February 2016, the Board authorized an additional $1 billion of share repurchases. The Company repurchased and retired 2.0 million shares of common stock valued at approximately $179 million and 1.7 million shares of common stock valued at approximately $135 million for the three months ended March 31, 2016 and 2015 , respectively. These amounts were recorded as a reduction of equity in the unaudited Condensed Consolidated Statement of Equity. As of March 31, 2016 , $1,473 million remains available for share repurchases under the Board's authorization.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following tables provide a summary of changes in the balances of each component of AOCL , net of taxes: (in millions) Foreign Currency Translation Change in Pension Liability Cash Flow Hedges Accumulated Other Comprehensive Loss Balance as of January 1, 2015 $ (61 ) $ (40 ) $ (36 ) $ (137 ) OCI before reclassifications (64 ) — (2 ) (66 ) Amounts reclassified from AOCL — 4 4 8 Net current year OCI (64 ) 4 2 (58 ) Balance as of December 31, 2015 (125 ) (36 ) (34 ) (195 ) OCI before reclassifications 8 (1 ) (1 ) 6 Amounts reclassified from AOCL — 1 1 2 Net current year OCI 8 — — 8 Balance as of March 31, 2016 $ (117 ) $ (36 ) $ (34 ) $ (187 ) The following table presents the amount of loss reclassified from AOCL into the unaudited Condensed Consolidated Statements of Income: For the Three Months Ended March 31, (in millions) Location of Loss Reclassified from AOCL into Income 2016 2015 Loss on cash flow hedges: Interest rate contracts Interest expense $ (2 ) $ (2 ) Foreign exchange forward contracts Cost of sales — — Total (2 ) (2 ) Income tax expense (1 ) (1 ) Total $ (1 ) $ (1 ) Defined benefit pension and postretirement plan items: Amortization of actuarial losses, net SG&A expenses $ (1 ) $ (1 ) Total (1 ) (1 ) Income tax expense — — Total $ (1 ) $ (1 ) Total reclassifications $ (2 ) $ (2 )

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information The following table details supplemental cash flow disclosures of non-cash investing and financing activities: For the Three Months Ended March 31, (in millions) 2016 2015 Supplemental cash flow disclosures of non-cash investing and financing activities: Dividends declared but not yet paid $ 99 $ 93 Capital expenditures included in accounts payable and other current liabilities 10 7 Capital lease additions 6 12 Supplemental cash flow disclosures: Interest paid $ 13 $ 12 Income taxes paid 33 11

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies LEGAL MATTERS The Company is occasionally subject to litigation or other legal proceedings. The Company does not believe that the outcome of these, or any other, pending legal matters, individually or collectively, will have a material adverse effect on the results of operations, financial condition or liquidity of the Company . Arbitration Ruling In June 2012, a subsidiary of the Company made a request for arbitration as a result of a deadlock related to certain corporate resolutions of their Mexican joint venture, Industria Embotelladora de Bebidas Mexicanas. Acqua Minerale San Benedetto S.P.A. ("San Benedetto") subsequently commenced their own arbitration proceeding, which was later consolidated into the Company's request. In March 2016, the International Court of Arbitration of the International Chamber of Commerce (the "Court") completed the arbitration and agreed with the Company that a deadlock existed. Additionally, the Court awarded San Benedetto approximately $4 million , which the Company recorded in SG&A expenses.

Segments

Segments	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segments	Segments As of March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015 , the Company 's operating structure consisted of the following three operating segments: • The Beverage Concentrates segment reflects sales of the Company 's branded concentrates and syrup to third-party bottlers primarily in the U.S. and Canada. Most of the brands in this segment are carbonated soft drink brands. • The Packaged Beverages segment reflects sales in the U.S. and Canada from the manufacture and distribution of finished beverages and other products, including sales of the Company 's own brands and third-party brands, through both our Direct Store Delivery system and our Warehouse Direct system. • The Latin America Beverages segment reflects sales in Mexico, the Caribbean, and other international markets from the manufacture and distribution of concentrates, syrup and finished beverages. Segment results are based on management reports. Net sales and SOP are the significant financial measures used to assess the operating performance of the Company 's operating segments. Information about the Company 's operations by operating segment is as follows: For the Three Months Ended March 31, (in millions) 2016 2015 Segment Results – Net sales Beverage Concentrates $ 287 $ 285 Packaged Beverages 1,097 1,053 Latin America Beverages 103 113 Net sales $ 1,487 $ 1,451 For the Three Months Ended March 31, (in millions) 2016 2015 Segment Results – SOP Beverage Concentrates $ 187 $ 183 Packaged Beverages 175 141 Latin America Beverages 15 17 Total SOP 377 341 Unallocated corporate costs 64 71 Other operating expense, net — — Income from operations 313 270 Interest expense, net 33 27 Other income, net (1 ) (1 ) Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries $ 281 $ 244

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Information	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Guarantor and Non-Guarantor Financial Information	Guarantor and Non-Guarantor Financial Information The Company's outstanding senior unsecured notes (the " Notes ") are fully and unconditionally guaranteed by substantially all of the Company 's existing and future direct and indirect domestic subsidiaries (except one immaterial subsidiary associated with charitable purposes) (the " Guarantors "), as defined in the indentures governing the Notes . The Guarantors are 100% owned either directly or indirectly by the Company and jointly and severally guarantee, subject to the release provisions described below, the Company 's obligations under the Notes . None of the Company 's subsidiaries organized outside of the U.S. or immaterial subsidiaries used for charitable purposes (collectively, the " Non-Guarantors ") guarantee the Notes. The subsidiary guarantees with respect to the Notes are subject to release upon the occurrence of certain events, including the sale of all or substantially all of a subsidiary's assets, the release of the subsidiary's guarantee of other indebtedness of the Company, the Company 's exercise of its legal defeasance option with respect to the Notes and the discharge of the Company 's obligations under the applicable indenture. The following schedules present the financial information for Dr Pepper Snapple Group, Inc. (the " Parent "), Guarantors and Non-Guarantors . The consolidating schedules are provided in accordance with the reporting requirements of Rule 3-10 under SEC Regulation S-X for guarantor subsidiaries. Condensed Consolidating Statements of Income For the Three Months Ended March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,367 $ 124 $ (4 ) $ 1,487 Cost of sales — 548 58 (4 ) 602 Gross profit — 819 66 — 885 Selling, general and administrative expenses — 497 49 — 546 Depreciation and amortization — 25 1 — 26 Other operating expense, net — — — — — Income from operations — 297 16 — 313 Interest expense 53 17 — (37 ) 33 Interest income (13 ) (23 ) (1 ) 37 — Other (income) expense, net (2 ) (1 ) 2 — (1 ) Income (loss) before provision (benefit) for income taxes and equity in earnings of subsidiaries (38 ) 304 15 — 281 Provision (benefit) for income taxes (14 ) 109 4 — 99 Income (loss) before equity in earnings of subsidiaries (24 ) 195 11 — 182 Equity in earnings of consolidated subsidiaries 206 11 — (217 ) — Equity in earnings of unconsolidated subsidiaries, net of tax — — — — — Net income $ 182 $ 206 $ 11 $ (217 ) $ 182 Condensed Consolidating Statements of Income For the Three Months Ended March 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,321 $ 138 $ (8 ) $ 1,451 Cost of sales — 539 71 (8 ) 602 Gross profit — 782 67 — 849 Selling, general and administrative expenses 1 502 49 — 552 Depreciation and amortization — 25 2 — 27 Other operating expense, net — — — — — Income from operations (1 ) 255 16 — 270 Interest expense 25 14 — (12 ) 27 Interest income (10 ) — (2 ) 12 — Other expense (income), net (2 ) (2 ) 3 — (1 ) Income (loss) before provision (benefit) for income taxes and equity in earnings of subsidiaries (14 ) 243 15 — 244 Provision (benefit) for income taxes (5 ) 88 4 — 87 Income (loss) before equity in earnings of subsidiaries (9 ) 155 11 — 157 Equity in earnings of consolidated subsidiaries 166 11 — (177 ) — Equity in earnings of unconsolidated subsidiaries, net of tax — — — — — Net income $ 157 $ 166 $ 11 $ (177 ) $ 157 Condensed Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income (loss) $ 190 $ 215 $ 33 $ (248 ) $ 190 Condensed Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income (loss) $ 132 $ 143 $ (28 ) $ (115 ) $ 132 Condensed Consolidating Balance Sheets As of March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 214 $ 61 $ — $ 275 Accounts receivable: Trade, net — 519 57 — 576 Other 6 36 11 — 53 Related party receivable 15 29 — (44 ) — Inventories — 184 51 — 235 Prepaid expenses and other current assets 312 126 12 (306 ) 144 Total current assets 333 1,108 192 (350 ) 1,283 Property, plant and equipment, net — 1,018 118 — 1,136 Investments in consolidated subsidiaries 7,284 617 — (7,901 ) — Investments in unconsolidated subsidiaries — 25 11 — 36 Goodwill — 2,972 16 — 2,988 Other intangible assets, net — 2,609 53 — 2,662 Long-term receivable, related parties 3,169 5,789 302 (9,260 ) — Other non-current assets 95 96 2 — 193 Non-current deferred tax assets 20 — 66 (20 ) 66 Total assets $ 10,901 $ 14,234 $ 760 $ (17,531 ) $ 8,364 Current liabilities: Accounts payable $ — $ 318 $ 39 $ — $ 357 Related party payable 22 13 9 (44 ) — Deferred revenue — 63 1 — 64 Short-term borrowings and current portion of long-term obligations — 8 — — 8 Income taxes payable — 365 — (306 ) 59 Other current liabilities 152 480 56 — 688 Total current liabilities 174 1,247 105 (350 ) 1,176 Long-term obligations to third parties 2,776 131 — — 2,907 Long-term obligations to related parties 5,789 3,471 — (9,260 ) — Non-current deferred tax liabilities — 817 — (20 ) 797 Non-current deferred revenue — 1,137 29 — 1,166 Other non-current liabilities 60 147 9 — 216 Total liabilities 8,799 6,950 143 (9,630 ) 6,262 Total stockholders' equity 2,102 7,284 617 (7,901 ) 2,102 Total liabilities and stockholders' equity $ 10,901 $ 14,234 $ 760 $ (17,531 ) $ 8,364 Condensed Consolidating Balance Sheets As of December 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 859 $ 52 $ — $ 911 Accounts receivable: Trade, net — 516 54 — 570 Other 3 40 15 — 58 Related party receivable 11 25 — (36 ) — Inventories — 173 36 — 209 Prepaid and other current assets 300 55 5 (291 ) 69 Total current assets 314 1,668 162 (327 ) 1,817 Property, plant and equipment, net — 1,041 115 — 1,156 Investments in consolidated subsidiaries 7,062 583 — (7,645 ) — Investments in unconsolidated subsidiaries — 20 11 — 31 Goodwill — 2,972 16 — 2,988 Other intangible assets, net — 2,610 53 — 2,663 Long-term receivable, related parties 3,159 4,989 283 (8,431 ) — Other non-current assets 58 90 2 — 150 Non-current deferred tax assets 20 — 65 (21 ) 64 Total assets $ 10,613 $ 13,973 $ 707 $ (16,424 ) $ 8,869 Current liabilities: Accounts payable $ — $ 252 $ 25 $ — $ 277 Related party payable 18 11 7 (36 ) — Deferred revenue — 63 1 — 64 Short-term borrowings and current portion of long-term obligations 500 7 — — 507 Income taxes payable — 306 12 (291 ) 27 Other current liabilities 126 539 43 — 708 Total current liabilities 644 1,178 88 (327 ) 1,583 Long-term obligations to third parties 2,746 129 — — 2,875 Long-term obligations to related parties 4,989 3,442 — (8,431 ) — Non-current deferred tax liabilities — 808 — (21 ) 787 Non-current deferred revenue — 1,154 27 — 1,181 Other non-current liabilities 51 200 9 — 260 Total liabilities 8,430 6,911 124 (8,779 ) 6,686 Total stockholders' equity 2,183 7,062 583 (7,645 ) 2,183 Total liabilities and stockholders' equity $ 10,613 $ 13,973 $ 707 $ (16,424 ) $ 8,869 Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ — $ 165 $ 12 $ — $ 177 Investing activities: Purchase of property, plant and equipment — (22 ) (5 ) — (27 ) Investment in unconsolidated subsidiaries — (6 ) — — (6 ) Proceeds from disposals of property, plant and equipment — 1 — — 1 Issuance of related party notes receivable — (800 ) — 800 — Other, net (8 ) — — — (8 ) Net cash (used in) provided by investing activities (8 ) (827 ) (5 ) 800 (40 ) Financing activities: Proceeds from issuance of related party debt 800 — — (800 ) — Repayment of senior unsecured notes (500 ) — — — (500 ) Repurchase of shares of common stock (179 ) — — — (179 ) Dividends paid (90 ) — — — (90 ) Tax withholdings related to net share settlements of certain stock awards (31 ) — — — (31 ) Proceeds from stock options exercised 7 — — — 7 Excess tax benefit on stock-based compensation — 20 — — 20 Capital lease payments — (2 ) — — (2 ) Other, net 1 (1 ) — — — Net cash (used in) provided by financing activities 8 17 — (800 ) (775 ) Cash and cash equivalents — net change from: Operating, investing and financing activities — (645 ) 7 — (638 ) Effect of exchange rate changes on cash and cash equivalents — — 2 — 2 Cash and cash equivalents at beginning of period — 859 52 — 911 Cash and cash equivalents at end of period $ — $ 214 $ 61 $ — $ 275 Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ 1 $ 87 $ 13 $ — $ 101 Investing activities: Purchase of property, plant and equipment — (18 ) (2 ) — (20 ) Purchase of cost method investment — (15 ) — — (15 ) Proceeds from disposals of property, plant and equipment — 1 — — 1 Issuance of related party notes receivable — (226 ) — 226 — Other, net (6 ) — — — (6 ) Net cash (used in) provided by investing activities (6 ) (258 ) (2 ) 226 (40 ) Financing activities: Proceeds from issuance of related party debt 226 — — (226 ) — Repurchase of shares of common stock (135 ) — — — (135 ) Dividends paid (79 ) — — — (79 ) Tax withholdings related to net share settlements of certain stock awards (26 ) — — — (26 ) Proceeds from stock options exercised 19 — — — 19 Excess tax benefit on stock-based compensation — 19 — — 19 Capital lease payments — (1 ) — — (1 ) Other, net — 1 — — 1 Net cash (used in) provided by financing activities 5 19 — (226 ) (202 ) Cash and cash equivalents — net change from: Operating, investing and financing activities — (152 ) 11 — (141 ) Effect of exchange rate changes on cash and cash equivalents — — (3 ) — (3 ) Cash and cash equivalents at beginning of period — 186 51 — 237 Cash and cash equivalents at end of period $ — $ 34 $ 59 $ — $ 93

General (Policies)

General (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (" U.S. GAAP ") for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements . In the opinion of management, all adjustments, consisting principally of normal recurring adjustments, considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from these estimates. These unaudited condensed consolidated financial statements should be read in conjunction with the Company 's audited consolidated financial statements and the notes thereto in the Company 's Annual Report on Form 10-K for the year ended December 31, 2015 .
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION DPS consolidates all wholly owned subsidiaries. The Company uses the equity method to account for investments in companies if the investment provides the Company with the ability to exercise significant influence over operating and financial policies of the investee. Consolidated net income includes DPS' proportionate share of the net income or loss of these companies. Judgment regarding the level of influence over each equity method investment includes considering key factors such as ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions. The Company is also required to consolidate entities that are variable interest entities (“ VIE s”) of which DPS is the primary beneficiary. Judgments are made in assessing whether the Company is the primary beneficiary, including determination of the activities that most significantly impact the VIE ’s economic performance. The Company eliminates from its financial results all intercompany transactions between entities included in the unaudited condensed consolidated financial statements and the intercompany transactions with its equity method investees.
Use of Estimates	USE OF ESTIMATES The process of preparing DPS ' unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the use of estimates and judgments that affect the reported amount of assets, liabilities, revenue and expenses. These estimates and judgments are based on historical experience, future expectations and other factors and assumptions the Company believes to be reasonable under the circumstances. These estimates and judgments are reviewed on an ongoing basis and are revised when necessary. Changes in estimates are recorded in the period of change. Actual amounts may differ from these estimates. The following critical accounting estimates are discussed in greater detail in our Annual Report on Form 10-K for the year ended December 31, 2015 :
Goodwill and Indefinite-Lived Intangible Assets	• goodwill and other indefinite-lived intangible assets;
Revenue Recognition	• revenue recognition;
Pension Benefits	• pension benefits;
Risk Management Programs	• risk management programs;
Income Taxes	• income taxes.
Reclassification	RECLASSIFICATION Capital lease payments have been reclassified from other, net to the capital lease payments caption within the financing activities section in the unaudited Condensed Consolidated Statements of Cash Flows for the prior period to conform to the current period's presentation, with no impact to total cash provided by (used in) operating, investing or financing activities. This reclassification within the unaudited Condensed Consolidated Statements of Cash Flows also resulted in corresponding changes to prior period presentation in Note 15 .
Recently Issued Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS In May 2014, the Financial Accounting Standards Board (" FASB ") issued Accounting Standards Update (" ASU ") 2014-09, Revenue from Contracts with Customers (Topic 606) (" ASU 2014-09 "). The new guidance sets forth a new five-step revenue recognition model which replaces the prior revenue recognition guidance in its entirety and is intended to eliminate numerous industry-specific pieces of revenue recognition guidance that have historically existed in U.S. GAAP . The underlying principle of the new standard is that a business or other organization will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. The standard also requires more detailed disclosures and provides additional guidance for transactions that were not addressed completely in the prior accounting guidance. ASU 2014-09 provides alternative methods of initial adoption. In August 2015, the FASB issued ASU 2015-14 , Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , which defers the effective date of ASU 2014-09 by one year to December 15, 2017 for interim and annual reporting periods beginning after that date and permitted early adoption of the standard, but not before the original effective date. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , which clarifies the implementation guidance on principal versus agent considerations for the new model. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , which clarifies the implementation guidance related to identifying performance obligations and licensing for the new model. The Company is currently evaluating the impact that the above standards will have on the consolidated financial statements and does not plan to early adopt these ASUs. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The ASU enhances the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation and disclosure. The update to the standard is effective for public companies for interim and annual periods beginning after December 15, 2017. The Company is currently evaluating the impact that the standard will have on the consolidated financial statements and will adopt this standard as of January 1, 2018. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) ("ASU 2016-02"). The ASU replaces the prior lease accounting guidance in its entirety. The underlying principle of the new standard is the recognition of lease assets and lease liabilities by lessees for substantially all leases, with an exception for leases with terms of less than twelve months. The standard also requires additional quantitative and qualitative disclosures. ASU 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018, and early adoption is permitted. The standard requires a modified retrospective approach, which includes several optional practical expedients. The Company is currently evaluating the impact that ASU 2016-02 will have on the consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share Based Payment Accounting ("ASU 2016-09") as part of the FASB simplification initiative. The new standard provides for changes to accounting for stock compensation including 1) excess tax benefits and tax deficiencies related to share based payment awards will be recognized as income tax expense in the reporting period in which they occur; 2) excess tax benefits will be classified as an operating activity in the statement of cash flow; 3) the option to elect to estimate forfeitures or account for them when they occur; and 4) increase tax withholding requirements threshold to qualify for equity classification. The ASU is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2016, and early adoption is permitted. The Company is currently evaluating the impact that ASU 2016-09 will have on the consolidated financial statements.
Recently Adopted Provisions of U.S. GAAP	RECENTLY ADOPTED PROVISIONS OF U.S. GAAP As of January 1, 2016, the Company adopted ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments on a prospective basis, with no impact to the unaudited condensed consolidated financial statements . In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships ("ASU 2016-05"). The ASU clarifies that a change in counterparty to a derivative instrument that has been designated as a hedging instrument under Topic 815 does not require de-designation of that hedging relationship, provided that all other hedge accounting criteria continue to be met. ASU 2016-05 is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. ASU 2016-05 may be adopted on either a prospective basis or a modified retrospective basis. The Company has adopted ASU 2016-05 as of March 31, 2016, on a prospective basis, with no impact to the unaudited condensed consolidated financial statements . In March 2016, the FASB issued ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting ("ASU 2016-07"). The ASU eliminates the requirement to retroactively adopt the equity method of accounting when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence. ASU 2016-07 is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. The Company has adopted ASU 2016-07 as of March 31, 2016, on a prospective basis, with no impact to the unaudited condensed consolidated financial statements .

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories consisted of the following	Inventories consisted of the following: March 31, December 31, (in millions) 2016 2015 Raw materials $ 99 $ 101 Spare parts 15 18 Work in process 6 4 Finished goods 151 123 Inventories at first in first out cost 271 246 Reduction to last-in, first-out ("LIFO") cost (36 ) (37 ) Inventories $ 235 $ 209

Prepaid Expenses and Other Cu26

Prepaid Expenses and Other Current Assets and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Prepaid Expenses and Other Current Assets and Other Current Liabilities [Abstract]
Prepaid expenses and other current assets and other current liabilities consisted	The table below details the components of prepaid expenses and other current assets and other current liabilities: March 31, December 31, (in millions) 2016 2015 Prepaid expenses and other current assets: Customer incentive programs $ 73 $ 21 Derivative instruments 6 9 Other 65 39 Total prepaid expenses and other current assets $ 144 $ 69 Other current liabilities: Customer rebates and incentives $ 236 $ 283 Accrued compensation 84 133 Insurance liability 44 42 Interest accrual 48 30 Dividends payable 99 90 Derivative instruments 24 29 Multi-employer pension plan withdrawal liability 56 — Other 97 101 Total other current liabilities $ 688 $ 708

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Short-term Debt [Line Items]
Long Term Debt Obligations	The following table summarizes the Company 's long-term obligations: March 31, December 31, (in millions) 2016 2015 Senior unsecured notes (1) $ 2,776 $ 3,246 Capital lease obligations 139 136 Subtotal 2,915 3,382 Less - current portion (8 ) (507 ) Long-term obligations $ 2,907 $ 2,875 ____________________________ (1) The carrying amount includes the unamortized net discount on debt issuances and adjustments of $69 million and $40 million as of March 31, 2016 and December 31, 2015 , respectively, related to the change in the fair value of interest rate swaps designated as fair value hedges. See Note 6 for further information regarding derivatives.
Schedule of Short-term Debt	The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: March 31, December 31, (in millions) 2016 2015 Commercial paper $ — $ — Current portion of long-term obligations: Senior unsecured notes — 500 Capital lease obligations 8 7 Short-term borrowings and current portion of long-term obligations $ 8 $ 507
Schedule of Long-term Debt Instruments	The Company 's senior unsecured notes consisted of the following: (in millions) Principal Amount Carrying Amount March 31, March 31, December 31, Issuance Maturity Date Rate 2016 2016 2015 2016 Notes (1) January 15, 2016 2.90% $ — $ — $ 500 2018 Notes May 1, 2018 6.82% 724 723 723 2019 Notes January 15, 2019 2.60% 250 251 250 2020 Notes January 15, 2020 2.00% 250 249 246 2021 Notes November 15, 2021 3.20% 250 255 250 2022 Notes November 15, 2022 2.70% 250 274 265 2025 Notes November 15, 2025 3.40% 500 494 494 2038 Notes May 1, 2038 7.45% 250 283 271 2045 Notes November 15, 2045 4.50% 250 247 247 $ 2,724 $ 2,776 $ 3,246 ____________________________ (1) On January 15, 2016, the Company used a portion of the net proceeds from the November 2015 issuance of the 2025 and 2045 Notes for repayment of the aggregate principal amount of the 2016 Notes of $500 million at maturity.
Amount Utilized and Available for Revolver	The following table provides amounts utilized and available under our $500 million revolving line of credit (the " Revolver ") and each sublimit arrangement type as of March 31, 2016 : (in millions) Amount Utilized Balances Available Revolver $ — $ 500 Letters of credit — 75 Swingline advances — 50

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Fair Value Hedges [Table Text Block]	The following table presents information regarding these interest rate swaps and the associated hedging relationships: Impact to the carrying value ($ in millions) Method of of long-term debt Hedging Number of measuring Notional March 31, December 31, Period entered relationship instruments effectiveness value 2016 2015 November 2011 2019 Notes 2 Short cut method $ 100 $ 2 $ 1 November 2011 2021 Notes 2 Short cut method 150 6 1 November 2012 2020 Notes 5 Short cut method 120 1 (2 ) December 2013 2022 Notes 4 Cumulative dollar offset (1) 250 26 17 February 2015 2038 Notes 1 Regression 100 34 23 $ 69 $ 40 ____________________________ (1) The assessment of hedge effectiveness is made by comparing the cumulative change in the fair value of the hedged item attributable to changes in the benchmark interest rate with the cumulative changes in the fair value of the interest rate swap.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the location of the fair value of the Company 's derivative instruments within the unaudited Condensed Consolidated Balance Sheets: (in millions) Balance Sheet Location March 31, December 31, Assets: Derivative instruments designated as hedging instruments under U.S. GAAP: Interest rate contracts Prepaid expenses and other current assets $ 6 $ 9 Interest rate contracts Other non-current assets 62 33 Derivative instruments not designated as hedging instruments under U.S. GAAP: Commodity contracts Other non-current assets 1 — Total assets $ 69 $ 42 Liabilities: Derivative instruments designated as hedging instruments under U.S. GAAP: Interest rate contracts Other current liabilities $ — $ 1 Foreign exchange forward contracts Other current liabilities 2 — Interest rate contracts Other non-current liabilities — 1 Derivative instruments not designated as hedging instruments under U.S. GAAP: Commodity contracts Other current liabilities 22 28 Commodity contracts Other non-current liabilities 3 3 Total liabilities $ 27 $ 33
Derivative Instruments Designated As Cash Flow Hedging Instruments	The following table presents the impact of derivative instruments designated as cash flow hedging instruments under U.S. GAAP to the unaudited Condensed Consolidated Statements of Income and Comprehensive Income: Amount of Loss Recognized in Amount of Loss Reclassified from AOCL into Income Location of Loss Reclassified from AOCL into Income (in millions) Other Comprehensive Income (Loss) ("OCI") For the three months ended March 31, 2016: Interest rate contracts $ — $ (2 ) Interest expense Foreign exchange forward contracts (2 ) — Cost of sales Total $ (2 ) $ (2 ) For the three months ended March 31, 2015: Interest rate contracts $ (11 ) $ (2 ) Interest expense Total $ (11 ) $ (2 )
Derivative instruments designated as fair value hedging instruments	The following table presents the impact of derivative instruments designated as fair value hedging instruments under U.S. GAAP to the unaudited Condensed Consolidated Statements of Income: Amount of Gain Location of Gain (in millions) Recognized in Income Recognized in Income For the three months ended March 31, 2016: Interest rate contracts $ 4 Interest expense Total $ 4 For the three months ended March 31, 2015: Interest rate contracts $ 4 Interest expense Total $ 4
Schedule Of Derivative Instruments Not Designated As Hedging Instruments	The following table presents the impact of derivative instruments not designated as hedging instruments under U.S. GAAP to the unaudited Condensed Consolidated Statements of Income: Amount of Gain (Loss) Location of Gain (Loss) (in millions) Recognized in Income Recognized in Income For the three months ended March 31, 2016: Commodity contracts (1) $ (1 ) Cost of sales Commodity contracts (1) — SG&A expenses Total $ (1 ) For the three months ended March 31, 2015: Commodity contracts (1) $ 1 Cost of sales Commodity contracts (1) (6 ) SG&A expenses Total $ (5 ) ____________________________ (1) Commodity contracts include both realized and unrealized gains and losses.

Other Non-Current Assets and 29

Other Non-Current Assets and Other Non-Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Other Non-Current Assets and Other Non-Current Liabilities [Abstract]
Other noncurrent assets and other noncurrent liabilities consisted	The table below details the components of other non-current assets and other non-current liabilities: March 31, December 31, (in millions) 2016 2015 Other non-current assets: Customer incentive programs $ 58 $ 52 Marketable securities - trading 32 25 Derivative instruments 63 33 Cost method investments 15 15 Other 25 25 Total other non-current assets $ 193 $ 150 Other non-current liabilities: Long-term payables due to Mondelēz International, Inc. $ 27 $ 26 Long-term pension and post-retirement liability 41 40 Multi-employer pension plan withdrawal liability (1) — 56 Insurance liability 77 75 Derivative instruments 3 4 Deferred compensation liability 32 25 Other 36 34 Total other non-current liabilities $ 216 $ 260 ____________________________ (1) In March 2016, the Company signed an agreement to settle the multi-employer pension plan withdrawal liability in May 2016. Accordingly, the liability has been reclassified as of March 31, 2016, to other current liabilities. Refer to Note 4 for further information.

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 : March 31, 2016 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in millions) Level 1 Level 2 Level 3 Commodity contracts $ — $ 1 $ — Interest rate contracts $ — $ 68 $ — Marketable securities - trading 32 — — Total assets $ 32 $ 69 $ — Commodity contracts $ — $ 25 $ — Foreign exchange forward contracts — 2 — Total liabilities $ — $ 27 $ — December 31, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in millions) Level 1 Level 2 Level 3 Interest rate contracts $ — $ 42 $ — Marketable securities - trading 25 — — Total assets $ 25 $ 42 $ — Commodity contracts $ — $ 31 $ — Interest rate contracts — 2 — Total liabilities $ — $ 33 $ —
Fair Value Measurements, Nonrecurring	The carrying values and estimated fair values of the Company 's financial instruments that are not required to be measured at fair value in the unaudited Condensed Consolidated Balance Sheet are as follows: Fair Value Hierarchy Level March 31, 2016 December 31, 2015 (in millions) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and Cash Equivalents (1) 1 $ 275 $ 275 $ 911 $ 911 Liabilities: Long-term debt – 2016 Notes (2) 2 — — 500 500 Long-term debt – 2018 Notes (2) 2 723 806 723 802 Long-term debt – 2019 Notes (2) 2 251 256 250 248 Long-term debt – 2020 Notes (2) 2 249 250 246 244 Long-term debt – 2021 Notes (2) 2 255 260 250 253 Long-term debt – 2022 Notes (2) 2 274 252 265 241 Long-term debt – 2025 Notes (2) 2 494 518 494 491 Long-term debt – 2038 Notes (2) 2 283 349 271 344 Long-term debt – 2045 Notes (2) 2 247 264 247 244 ____________________________ (1) Cash equivalents are composed of certificates of deposit, time deposits and other interest-bearing investments with original maturity dates of three months or less. Cash equivalents are recorded at cost, which approximates fair value. (2) The fair value amounts of long term debt were based on current market rates available to the Company . The difference between the fair value and the carrying value represents the theoretical net premium or discount that would be paid or received to retire all debt and related unamortized costs to be incurred at such date. The carrying amount includes the unamortized discounts and issuance costs on the issuance of debt and adjustments related to the change in the fair value of interest rate swaps designated as fair value hedges on the 2019, 2020, 2021, 2022 and 2038 Notes. Refer to Note 6 for additional information regarding derivatives.

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation Expense	The components of stock-based compensation expense are presented below: For the Three Months Ended March 31, (in millions) 2016 2015 Total stock-based compensation expense $ 11 $ 9 Income tax benefit recognized in the statement of income (4 ) (3 ) Stock-based compensation expense, net of tax $ 7 $ 6
Schedule of Share-based Compensation, Stock Options, Activity	The table below summarizes stock option activity for the three months ended March 31, 2016 : Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of January 1, 2016 1,231,118 $ 58.98 8.24 $ 42 Granted 406,858 91.98 Exercised (142,159 ) 49.25 6 Forfeited or expired — — Outstanding as of March 31, 2016 1,495,817 68.88 8.57 32 Exercisable as of March 31, 2016 592,714 54.42 7.71 21
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The table below summarizes RSU activity for the three months ended March 31, 2016 . The fair value of RSU s is determined based on the number of units granted and the grant date price of the Company's common stock. RSUs Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of January 1, 2016 1,497,416 $ 55.40 1.03 $ 140 Granted 346,903 91.98 Vested and released (583,878 ) 43.90 54 Forfeited (11,910 ) 66.65 Outstanding as of March 31, 2016 1,248,531 70.83 1.52 112
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]	The table below summarizes PSU activity for the three months ended March 31, 2016 . The fair value of PSU s is determined based on the number of units granted and the grant date price of the Company's common stock. PSUs Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of January 1, 2016 443,374 $ 55.54 0.88 $ 41 Granted 103,815 63.65 Performance adjustment (1) 172,500 43.82 Vested and released (345,000 ) 43.82 32 Forfeited — — Outstanding as of March 31, 2016 374,689 63.16 1.63 34 ____________________________ (1) For PSU s which vested during the three months ended March 31, 2016 , the Company awarded additional PSU s, as actual results measured at the end of the performance period exceeded target performance levels.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted, by Common Class	The following table presents the basic and diluted EPS and the Company's basic and diluted shares outstanding: For the Three Months Ended March 31, (in millions, except per share data) 2016 2015 Basic EPS: Net income $ 182 $ 157 Weighted average common shares outstanding 187.6 193.0 Earnings per common share — basic $ 0.97 $ 0.82 Diluted EPS: Net income $ 182 $ 157 Weighted average common shares outstanding 187.6 193.0 Effect of dilutive securities: Stock options 0.3 0.3 RSUs 0.9 1.2 PSUs 0.2 0.1 Weighted average common shares outstanding and common stock equivalents 189.0 194.6 Earnings per common share — diluted $ 0.96 $ 0.81

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income (loss), net of taxes	The following tables provide a summary of changes in the balances of each component of AOCL , net of taxes: (in millions) Foreign Currency Translation Change in Pension Liability Cash Flow Hedges Accumulated Other Comprehensive Loss Balance as of January 1, 2015 $ (61 ) $ (40 ) $ (36 ) $ (137 ) OCI before reclassifications (64 ) — (2 ) (66 ) Amounts reclassified from AOCL — 4 4 8 Net current year OCI (64 ) 4 2 (58 ) Balance as of December 31, 2015 (125 ) (36 ) (34 ) (195 ) OCI before reclassifications 8 (1 ) (1 ) 6 Amounts reclassified from AOCL — 1 1 2 Net current year OCI 8 — — 8 Balance as of March 31, 2016 $ (117 ) $ (36 ) $ (34 ) $ (187 )
Schedule of Reclassifications out of AOCL and into Net Income	The following table presents the amount of loss reclassified from AOCL into the unaudited Condensed Consolidated Statements of Income: For the Three Months Ended March 31, (in millions) Location of Loss Reclassified from AOCL into Income 2016 2015 Loss on cash flow hedges: Interest rate contracts Interest expense $ (2 ) $ (2 ) Foreign exchange forward contracts Cost of sales — — Total (2 ) (2 ) Income tax expense (1 ) (1 ) Total $ (1 ) $ (1 ) Defined benefit pension and postretirement plan items: Amortization of actuarial losses, net SG&A expenses $ (1 ) $ (1 ) Total (1 ) (1 ) Income tax expense — — Total $ (1 ) $ (1 ) Total reclassifications $ (2 ) $ (2 )

Supplemental Cash Flow Inform34

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	The following table details supplemental cash flow disclosures of non-cash investing and financing activities: For the Three Months Ended March 31, (in millions) 2016 2015 Supplemental cash flow disclosures of non-cash investing and financing activities: Dividends declared but not yet paid $ 99 $ 93 Capital expenditures included in accounts payable and other current liabilities 10 7 Capital lease additions 6 12 Supplemental cash flow disclosures: Interest paid $ 13 $ 12 Income taxes paid 33 11

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Information about the Company 's operations by operating segment is as follows: For the Three Months Ended March 31, (in millions) 2016 2015 Segment Results – Net sales Beverage Concentrates $ 287 $ 285 Packaged Beverages 1,097 1,053 Latin America Beverages 103 113 Net sales $ 1,487 $ 1,451
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	For the Three Months Ended March 31, (in millions) 2016 2015 Segment Results – SOP Beverage Concentrates $ 187 $ 183 Packaged Beverages 175 141 Latin America Beverages 15 17 Total SOP 377 341 Unallocated corporate costs 64 71 Other operating expense, net — — Income from operations 313 270 Interest expense, net 33 27 Other income, net (1 ) (1 ) Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries $ 281 $ 244

Guarantor and Non-Guarantor F36

Guarantor and Non-Guarantor Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Statements of Income	Condensed Consolidating Statements of Income For the Three Months Ended March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,367 $ 124 $ (4 ) $ 1,487 Cost of sales — 548 58 (4 ) 602 Gross profit — 819 66 — 885 Selling, general and administrative expenses — 497 49 — 546 Depreciation and amortization — 25 1 — 26 Other operating expense, net — — — — — Income from operations — 297 16 — 313 Interest expense 53 17 — (37 ) 33 Interest income (13 ) (23 ) (1 ) 37 — Other (income) expense, net (2 ) (1 ) 2 — (1 ) Income (loss) before provision (benefit) for income taxes and equity in earnings of subsidiaries (38 ) 304 15 — 281 Provision (benefit) for income taxes (14 ) 109 4 — 99 Income (loss) before equity in earnings of subsidiaries (24 ) 195 11 — 182 Equity in earnings of consolidated subsidiaries 206 11 — (217 ) — Equity in earnings of unconsolidated subsidiaries, net of tax — — — — — Net income $ 182 $ 206 $ 11 $ (217 ) $ 182 Condensed Consolidating Statements of Income For the Three Months Ended March 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,321 $ 138 $ (8 ) $ 1,451 Cost of sales — 539 71 (8 ) 602 Gross profit — 782 67 — 849 Selling, general and administrative expenses 1 502 49 — 552 Depreciation and amortization — 25 2 — 27 Other operating expense, net — — — — — Income from operations (1 ) 255 16 — 270 Interest expense 25 14 — (12 ) 27 Interest income (10 ) — (2 ) 12 — Other expense (income), net (2 ) (2 ) 3 — (1 ) Income (loss) before provision (benefit) for income taxes and equity in earnings of subsidiaries (14 ) 243 15 — 244 Provision (benefit) for income taxes (5 ) 88 4 — 87 Income (loss) before equity in earnings of subsidiaries (9 ) 155 11 — 157 Equity in earnings of consolidated subsidiaries 166 11 — (177 ) — Equity in earnings of unconsolidated subsidiaries, net of tax — — — — — Net income $ 157 $ 166 $ 11 $ (177 ) $ 157
Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income (loss) $ 190 $ 215 $ 33 $ (248 ) $ 190 Condensed Consolidating Statements of Comprehensive Income For the Three Months Ended March 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income (loss) $ 132 $ 143 $ (28 ) $ (115 ) $ 132
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets As of March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 214 $ 61 $ — $ 275 Accounts receivable: Trade, net — 519 57 — 576 Other 6 36 11 — 53 Related party receivable 15 29 — (44 ) — Inventories — 184 51 — 235 Prepaid expenses and other current assets 312 126 12 (306 ) 144 Total current assets 333 1,108 192 (350 ) 1,283 Property, plant and equipment, net — 1,018 118 — 1,136 Investments in consolidated subsidiaries 7,284 617 — (7,901 ) — Investments in unconsolidated subsidiaries — 25 11 — 36 Goodwill — 2,972 16 — 2,988 Other intangible assets, net — 2,609 53 — 2,662 Long-term receivable, related parties 3,169 5,789 302 (9,260 ) — Other non-current assets 95 96 2 — 193 Non-current deferred tax assets 20 — 66 (20 ) 66 Total assets $ 10,901 $ 14,234 $ 760 $ (17,531 ) $ 8,364 Current liabilities: Accounts payable $ — $ 318 $ 39 $ — $ 357 Related party payable 22 13 9 (44 ) — Deferred revenue — 63 1 — 64 Short-term borrowings and current portion of long-term obligations — 8 — — 8 Income taxes payable — 365 — (306 ) 59 Other current liabilities 152 480 56 — 688 Total current liabilities 174 1,247 105 (350 ) 1,176 Long-term obligations to third parties 2,776 131 — — 2,907 Long-term obligations to related parties 5,789 3,471 — (9,260 ) — Non-current deferred tax liabilities — 817 — (20 ) 797 Non-current deferred revenue — 1,137 29 — 1,166 Other non-current liabilities 60 147 9 — 216 Total liabilities 8,799 6,950 143 (9,630 ) 6,262 Total stockholders' equity 2,102 7,284 617 (7,901 ) 2,102 Total liabilities and stockholders' equity $ 10,901 $ 14,234 $ 760 $ (17,531 ) $ 8,364 Condensed Consolidating Balance Sheets As of December 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 859 $ 52 $ — $ 911 Accounts receivable: Trade, net — 516 54 — 570 Other 3 40 15 — 58 Related party receivable 11 25 — (36 ) — Inventories — 173 36 — 209 Prepaid and other current assets 300 55 5 (291 ) 69 Total current assets 314 1,668 162 (327 ) 1,817 Property, plant and equipment, net — 1,041 115 — 1,156 Investments in consolidated subsidiaries 7,062 583 — (7,645 ) — Investments in unconsolidated subsidiaries — 20 11 — 31 Goodwill — 2,972 16 — 2,988 Other intangible assets, net — 2,610 53 — 2,663 Long-term receivable, related parties 3,159 4,989 283 (8,431 ) — Other non-current assets 58 90 2 — 150 Non-current deferred tax assets 20 — 65 (21 ) 64 Total assets $ 10,613 $ 13,973 $ 707 $ (16,424 ) $ 8,869 Current liabilities: Accounts payable $ — $ 252 $ 25 $ — $ 277 Related party payable 18 11 7 (36 ) — Deferred revenue — 63 1 — 64 Short-term borrowings and current portion of long-term obligations 500 7 — — 507 Income taxes payable — 306 12 (291 ) 27 Other current liabilities 126 539 43 — 708 Total current liabilities 644 1,178 88 (327 ) 1,583 Long-term obligations to third parties 2,746 129 — — 2,875 Long-term obligations to related parties 4,989 3,442 — (8,431 ) — Non-current deferred tax liabilities — 808 — (21 ) 787 Non-current deferred revenue — 1,154 27 — 1,181 Other non-current liabilities 51 200 9 — 260 Total liabilities 8,430 6,911 124 (8,779 ) 6,686 Total stockholders' equity 2,183 7,062 583 (7,645 ) 2,183 Total liabilities and stockholders' equity $ 10,613 $ 13,973 $ 707 $ (16,424 ) $ 8,869
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ — $ 165 $ 12 $ — $ 177 Investing activities: Purchase of property, plant and equipment — (22 ) (5 ) — (27 ) Investment in unconsolidated subsidiaries — (6 ) — — (6 ) Proceeds from disposals of property, plant and equipment — 1 — — 1 Issuance of related party notes receivable — (800 ) — 800 — Other, net (8 ) — — — (8 ) Net cash (used in) provided by investing activities (8 ) (827 ) (5 ) 800 (40 ) Financing activities: Proceeds from issuance of related party debt 800 — — (800 ) — Repayment of senior unsecured notes (500 ) — — — (500 ) Repurchase of shares of common stock (179 ) — — — (179 ) Dividends paid (90 ) — — — (90 ) Tax withholdings related to net share settlements of certain stock awards (31 ) — — — (31 ) Proceeds from stock options exercised 7 — — — 7 Excess tax benefit on stock-based compensation — 20 — — 20 Capital lease payments — (2 ) — — (2 ) Other, net 1 (1 ) — — — Net cash (used in) provided by financing activities 8 17 — (800 ) (775 ) Cash and cash equivalents — net change from: Operating, investing and financing activities — (645 ) 7 — (638 ) Effect of exchange rate changes on cash and cash equivalents — — 2 — 2 Cash and cash equivalents at beginning of period — 859 52 — 911 Cash and cash equivalents at end of period $ — $ 214 $ 61 $ — $ 275 Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2016 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ — $ 165 $ 12 $ — $ 177 Investing activities: Purchase of property, plant and equipment — (22 ) (5 ) — (27 ) Investment in unconsolidated subsidiaries — (6 ) — — (6 ) Proceeds from disposals of property, plant and equipment — 1 — — 1 Issuance of related party notes receivable — (800 ) — 800 — Other, net (8 ) — — — (8 ) Net cash (used in) provided by investing activities (8 ) (827 ) (5 ) 800 (40 ) Financing activities: Proceeds from issuance of related party debt 800 — — (800 ) — Repayment of senior unsecured notes (500 ) — — — (500 ) Repurchase of shares of common stock (179 ) — — — (179 ) Dividends paid (90 ) — — — (90 ) Tax withholdings related to net share settlements of certain stock awards (31 ) — — — (31 ) Proceeds from stock options exercised 7 — — — 7 Excess tax benefit on stock-based compensation — 20 — — 20 Capital lease payments — (2 ) — — (2 ) Other, net 1 (1 ) — — — Net cash (used in) provided by financing activities 8 17 — (800 ) (775 ) Cash and cash equivalents — net change from: Operating, investing and financing activities — (645 ) 7 — (638 ) Effect of exchange rate changes on cash and cash equivalents — — 2 — 2 Cash and cash equivalents at beginning of period — 859 52 — 911 Cash and cash equivalents at end of period $ — $ 214 $ 61 $ — $ 275 Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2015 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ 1 $ 87 $ 13 $ — $ 101 Investing activities: Purchase of property, plant and equipment — (18 ) (2 ) — (20 ) Purchase of cost method investment — (15 ) — — (15 ) Proceeds from disposals of property, plant and equipment — 1 — — 1 Issuance of related party notes receivable — (226 ) — 226 — Other, net (6 ) — — — (6 ) Net cash (used in) provided by investing activities (6 ) (258 ) (2 ) 226 (40 ) Financing activities: Proceeds from issuance of related party debt 226 — — (226 ) — Repurchase of shares of common stock (135 ) — — — (135 ) Dividends paid (79 ) — — — (79 ) Tax withholdings related to net share settlements of certain stock awards (26 ) — — — (26 ) Proceeds from stock options exercised 19 — — — 19 Excess tax benefit on stock-based compensation — 19 — — 19 Capital lease payments — (1 ) — — (1 ) Other, net — 1 — — 1 Net cash (used in) provided by financing activities 5 19 — (226 ) (202 ) Cash and cash equivalents — net change from: Operating, investing and financing activities — (152 ) 11 — (141 ) Effect of exchange rate changes on cash and cash equivalents — — (3 ) — (3 ) Cash and cash equivalents at beginning of period — 186 51 — 237 Cash and cash equivalents at end of period $ — $ 34 $ 59 $ — $ 93

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 99		$ 101
Spare parts	15		18
Work in process	6		4
Finished goods	151		123
Inventories at first in first out cost	271		246
Reduction to last-in, first-out (LIFO) cost	(36)		(37)
Inventories	235		209
Inventory accounted for under the LIFO method	165		$ 154
Effect of LIFO Inventory Liquidation on Income	$ 1	$ 0

Investment in Unconsolidated 38

Investment in Unconsolidated Subsidiaries Investment in Unconsolidated Subsidiaries (Details) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 24, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 36		$ 31
BA Sports Nutrition LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	15.50%	3.80%
Equity Method Investments	$ 25	$ 6

Prepaid Expenses and Other Cu39

Prepaid Expenses and Other Current Assets and Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Prepaid Expenses and Other Current Assets and Other Current Liabilities [Abstract]
Customer incentive programs	$ 73	$ 21
Derivative instruments	6	9
Other	65	39
Total prepaid expenses and other current assets	144	69
Customer rebates and incentives	236	283
Accrued compensation	84	133
Insurance liability	44	42
Interest accrual	48	30
Dividends payable	99	90
Derivative instruments	24	29
Multi-Employer Withdrawal Liability, Short Term	56	0
Other	97	101
Total other current liabilities	$ 688	$ 708

Debt (Details)

Debt (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Dec. 31, 2015		Nov. 09, 2015	Nov. 20, 2012	Nov. 15, 2011	Jan. 11, 2011	Apr. 30, 2008
Debt Instrument [Line Items]
Carrying Amount	[1]	$ 2,776	$ 3,246
Capital lease obligations		139	136
Long-term Debt and Capital Lease Obligations, Including Current Maturities		2,915	3,382
Long-term Debt and Capital Lease Obligations, Current		8	507
Long-term obligations		2,907	2,875
Impact of Fair Value Hedges on Carrying Value of Senior Unsecured Notes		(69)	(40)
Commercial paper		0	0
Current portion of senior unsecured notes		0	500
Current portion of capital lease obligations		8	7
Short-term borrowings and current portion of long-term obligations		8	507
Senior Unsecured Notes [Abstract]
Senior unsecured notes, principal amount		2,724
Senior Unsecured Credit Facility [Abstract]
Revolving credit facility (maximum borrowing capacity)		500
Balances available for additional borrowings under the Revolver		500
Amounts utilized under the Revolver		0
Letters of Credit [Abstract]
Letters of Credit Borrowing Capacity, Description		120
Letters of Credit Utilized		60
Letters of Credit Available		60
2016 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount		0	500	[2]
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate	[3]							2.90%
Senior unsecured notes, principal amount	[3]	0
Extinguishment of Debt, Amount		500
2018 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	723	723
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate									6.82%
Senior unsecured notes, principal amount		724
2019 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	251	250
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate							2.60%
Senior unsecured notes, principal amount		250
2020 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	249	246
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate						2.00%
Senior unsecured notes, principal amount		250
2021 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	255	250
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate							3.20%
Senior unsecured notes, principal amount		250
2022 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	274	265
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate						2.70%
Senior unsecured notes, principal amount		250
2025 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	494	494
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate					3.40%
Senior unsecured notes, principal amount		500
2038 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	283	271
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate									7.45%
Senior unsecured notes, principal amount		250
2045 Notes [Member]
Debt Instrument [Line Items]
Carrying Amount	[2]	247	$ 247
Senior Unsecured Notes [Abstract]
Senior unsecured notes, stated interest rate					4.50%
Senior unsecured notes, principal amount		250
Swingline Advances [Member]
Senior Unsecured Credit Facility [Abstract]
Balances available for additional borrowings under the Revolver		50
Amounts utilized under the Revolver		0
Revolving Letters of Credit [Member]
Senior Unsecured Credit Facility [Abstract]
Balances available for additional borrowings under the Revolver		75
Amounts utilized under the Revolver		$ 0
[1]	The carrying amount includes the unamortized net discount on debt issuances and adjustments of $69 million and $40 million as of March 31, 2016 and December 31, 2015, respectively, related to the change in the fair value of interest rate swaps designated as fair value hedges. See Note 6 for further information regarding derivatives.
[2]	The fair value amounts of long term debt were based on current market rates available to the Company. The difference between the fair value and the carrying value represents the theoretical net premium or discount that would be paid or received to retire all debt and related unamortized costs to be incurred at such date. The carrying amount includes the unamortized discounts and issuance costs on the issuance of debt and adjustments related to the change in the fair value of interest rate swaps designated as fair value hedges on the 2019, 2020, 2021, 2022 and 2038 Notes. Refer to Note 6 for additional information regarding derivatives.
[3]	On January 15, 2016, the Company used a portion of the net proceeds from the November 2015 issuance of the 2025 and 2045 Notes for repayment of the aggregate principal amount of the 2016 Notes of $500 million at maturity.

Derivatives Derivatives - Discu

Derivatives Derivatives - Discussion (Details) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Feb. 28, 2015USD ($)Instrument	Dec. 31, 2013USD ($)Instrument	Dec. 31, 2012USD ($)Instrument	Dec. 31, 2011USD ($)Instrument
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Swap [Member]
Derivative [Line Items]
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		$ 69	$ 40
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Forward Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 31	7
Derivative, Lower Remaining Maturity Range		1 month
Derivative, Higher Remaining Maturity Range		12 months
Commodity Contract [Member] | Economic Hedge [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 162	159
2019 Notes [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | Instrument							2
Derivative, Notional Amount							$ 100
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		2	1
2021 Notes [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | Instrument							2
Derivative, Notional Amount							$ 150
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		6	1
2020 Notes [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | Instrument						5
Derivative, Notional Amount						$ 120
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		1	(2)
2022 Notes [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | Instrument	[1]				4
Derivative, Notional Amount	[1]				$ 250
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		26	17
2038 Notes [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Swap [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held | Instrument				1
Derivative, Notional Amount				$ 100
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		$ 34	$ 23
[1]	The assessment of hedge effectiveness is made by comparing the cumulative change in the fair value of the hedged item attributable to changes in the benchmark interest rate with the cumulative changes in the fair value of the interest rate swap.

Derivatives Derivatives - Fair

Derivatives Derivatives - Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	$ 69	$ 42
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	27	33
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	6	9
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	62	33
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	0	1
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	0	1
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	2	0
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	1	0
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	22	28
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$ 3	$ 3

Derivatives Derivatives - Impac

Derivatives Derivatives - Impact on Net Income (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net		$ (1)	$ 1
Derivative, Gain (Loss) on Derivative, Net		4	4
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net		0	0
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(2)	(11)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		(2)	(2)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months		(10)
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		(1)	(5)
Commodity Contract [Member] | Cost of Sales [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	[1]	(1)	1
Commodity Contract [Member] | Selling, General and Administrative Expenses [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	[1]	0	(6)
Interest Rate Contract [Member] | Interest Expense [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net		4	4
Interest Rate Contract [Member] | Interest Expense [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		0	(11)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		(2)	(2)
Foreign Exchange Forward [Member] | Cost of Sales [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(2)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		$ 0	$ 0
[1]	Commodity contracts include both realized and unrealized gains and losses.

Other Non-Current Assets and 44

Other Non-Current Assets and Other Non-Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2016		Dec. 31, 2015
Other non-current assets:
Customer incentive programs	$ 58		$ 52
Marketable securities - trading	32		25
Derivative instruments	63		33
Cost method investments	15		15
Other	25		25
Total other non-current assets	193		150
Other non-current liabilities:
Long-term payables due to Mondelēz International, Inc.	27		26
Long-term pension and post-retirement liability	41		40
Multi-employer pension plan withdrawal liability(1)	0	[1]	56
Insurance liability	77		75
Derivative instruments	3		4
Deferred compensation liability	32		25
Other	36		34
Total other non-current liabilities	$ 216		$ 260
[1]	In March 2016, the Company signed an agreement to settle the multi-employer pension plan withdrawal liability in May 2016. Accordingly, the liability has been reclassified as of March 31, 2016, to other current liabilities. Refer to Note 4 for further information.

Fair Value of Financial Instrum

Fair Value of Financial Instruments, Assets and Liabilities Measured on a Recurring Basis(Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 32	$ 25
Derivative Liability, Fair Value, Net	0	0
Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	69	42
Derivative Liability, Fair Value, Net	27	33
Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Derivative Liability, Fair Value, Net	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities - trading	32	25
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Net	0
Derivative Liability	0	0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Net	0	0
Derivative Liability		0
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member] | Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities - trading	0	0
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs Level 2 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Net	1
Derivative Liability	25	31
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs Level 2 [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Net	68	42
Derivative Liability		2
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs Level 2 [Member] | Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	2
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities - trading	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs Level 3 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Net	0
Derivative Liability	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs Level 3 [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Net	0	0
Derivative Liability		$ 0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs Level 3 [Member] | Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0

Fair Value of Financial Instr46

Fair Value of Financial Instruments, Non-Recurring Basis (Details) - USD ($) $ in Millions		Mar. 31, 2016	Dec. 31, 2015		Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, at Carrying Value		$ 275	$ 911		$ 93	$ 237
Long-term Debt, Carrying Value	[1]	2,776	3,246
2016 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value		0	500	[2]
2018 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	723	723
2019 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	251	250
2020 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	249	246
2021 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	255	250
2022 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	274	265
2025 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	494	494
2038 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	283	271
2045 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Carrying Value	[2]	247	247
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	[3]	275	911
Fair Value, Inputs, Level 2 [Member] | 2016 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		0	500	[2]
Fair Value, Inputs, Level 2 [Member] | 2018 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	806	802
Fair Value, Inputs, Level 2 [Member] | 2019 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	256	248
Fair Value, Inputs, Level 2 [Member] | 2020 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	250	244
Fair Value, Inputs, Level 2 [Member] | 2021 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	260	253
Fair Value, Inputs, Level 2 [Member] | 2022 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	252	241
Fair Value, Inputs, Level 2 [Member] | 2025 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	518	491
Fair Value, Inputs, Level 2 [Member] | 2038 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	349	344
Fair Value, Inputs, Level 2 [Member] | 2045 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[2]	$ 264	$ 244
[1]	The carrying amount includes the unamortized net discount on debt issuances and adjustments of $69 million and $40 million as of March 31, 2016 and December 31, 2015, respectively, related to the change in the fair value of interest rate swaps designated as fair value hedges. See Note 6 for further information regarding derivatives.
[2]	The fair value amounts of long term debt were based on current market rates available to the Company. The difference between the fair value and the carrying value represents the theoretical net premium or discount that would be paid or received to retire all debt and related unamortized costs to be incurred at such date. The carrying amount includes the unamortized discounts and issuance costs on the issuance of debt and adjustments related to the change in the fair value of interest rate swaps designated as fair value hedges on the 2019, 2020, 2021, 2022 and 2038 Notes. Refer to Note 6 for additional information regarding derivatives.
[3]	Cash equivalents are composed of certificates of deposit, time deposits and other interest-bearing investments with original maturity dates of three months or less. Cash equivalents are recorded at cost, which approximates fair value.

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
Total stock-based compensation expense		$ 11	$ 9
Income tax benefit recognized in the statement of income		(4)	(3)
Stock-based compensation expense, net of tax		$ 7	6
Stock Option Activity
Stock options - beginning balance outstanding		1,231,118
Stock options - beginning balance outstanding, weighted average exercise price		$ 58.98
Stock options - outstanding - weighted average remaining contractual term		8 years 6 months 25 days		8 years 2 months 26 days
Stock options - beginning balance outstanding, aggregate intrinsic value		$ 42
Stock options - granted		406,858
Stock options - granted, weighted average excercise price		$ 91.98
Stock options - exercised		(142,159)
Stock options - exercised, weighted average exercise price		$ 49.25
Stock options - exercised, total intrinsic value		$ 6
Stock options - forfeited or expired		0
Stock options, forfeited or expired, weighted average exercise price		$ 0
Stock options - ending balance outstanding		1,495,817		1,231,118
Stock options - ending balance outstanding, weighted average exercise price		$ 68.88		$ 58.98
Stock options - ending balance outstanding, aggregate intrinsic value		$ 32		$ 42
Stock options - exercisable		592,714
Stock options - exercisable, weighted average exercise price		$ 54.42
Stock options- exercisable, weighted average remaining contractual term		7 years 8 months 16 days
Stock options - exercisable, intrinsic value		$ 21
Restricted Stock Units and Performance Stock Units Activity
Tax withholdings related to net share settlements of certain stock awards		31	26
Employee Stock Option [Member]
Restricted Stock Units and Performance Stock Units Activity
Unrecognized compensation costs related to nonvested awards		$ 8
Weighted average recognition period of unrecognized compensation costs		1 year 6 months 7 days
Restricted Stock [Member]
Restricted Stock Units and Performance Stock Units Activity
RSUs and PSUs - beginning balance outstanding		1,497,416
RSUs and PSUs - beginning balance outstanding, weighted average grant date total fair value		$ 55.40
RSUs and PSUs - outstanding - weighted average remaining contractual term		1 year 6 months 7 days		1 year 11 days
RSUs and PSUs - beginning balance outstanding, aggregate intrinsic value		$ 140
RSUs and PSUs - granted		346,903
RSUs and PSUs - granted, weighted average grant date fair value		$ 91.98
RSUs and PSUs - vested and released		(583,878)
RSUs and PSUs - vested and released, weighted average grant date fair value		$ 43.90
RSUs and PSUs - vested and released, aggregate intrinsic value		$ 54
RSUs and PSUs - forfeited		(11,910)
RSUs and PSUs - forfeited, weighted average grant date fair value		$ 66.65
RSUs and PSUs - ending balance outstanding		1,248,531		1,497,416
RSUs and PSUs - ending balance outstanding, weighted average grant date total fair value		$ 70.83		$ 55.40
RSUs and PSUs - ending balance outstanding, aggregate intrinsic value		$ 112		$ 140
Unrecognized compensation costs related to nonvested awards		$ 58
Weighted average recognition period of unrecognized compensation costs		1 year 6 months
Tax withholdings related to net share settlements of certain stock awards, shares		187,360
Tax withholdings related to net share settlements of certain stock awards		$ 19	21
Performance Shares [Member]
Restricted Stock Units and Performance Stock Units Activity
RSUs and PSUs - beginning balance outstanding		443,374
RSUs and PSUs - beginning balance outstanding, weighted average grant date total fair value		$ 55.54
RSUs and PSUs - outstanding - weighted average remaining contractual term		1 year 7 months 17 days		10 months 17 days
RSUs and PSUs - beginning balance outstanding, aggregate intrinsic value		$ 41
RSUs and PSUs - granted		103,815
RSUs and PSUs - granted, weighted average grant date fair value		$ 63.65
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceAdjustmentsInPeriod	[1]	172,500
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceAdjustmentInPeriodWeightedAverageGrantDateFairValue		$ 43.82
RSUs and PSUs - vested and released		(345,000)
RSUs and PSUs - vested and released, weighted average grant date fair value		$ 43.82
RSUs and PSUs - vested and released, aggregate intrinsic value		$ 32
RSUs and PSUs - forfeited		0
RSUs and PSUs - forfeited, weighted average grant date fair value		$ 0
RSUs and PSUs - ending balance outstanding		374,689		443,374
RSUs and PSUs - ending balance outstanding, weighted average grant date total fair value		$ 63.16		$ 55.54
RSUs and PSUs - ending balance outstanding, aggregate intrinsic value		$ 34		$ 41
Unrecognized compensation costs related to nonvested awards		$ 16
Weighted average recognition period of unrecognized compensation costs		1 year 7 months 13 days
Tax withholdings related to net share settlements of certain stock awards, shares		119,084
Tax withholdings related to net share settlements of certain stock awards		$ 12	$ 5
[1]	For PSUs which vested during the three months ended March 31, 2016, the Company awarded additional PSUs, as actual results measured at the end of the performance period exceeded target performance levels.

Earnings Per Share (Details)

Earnings Per Share (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)shares$ / shares	Mar. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2015USD ($)
Basic EPS:
Net income | $	$ 182	$ 157
Weighted average common shares outstanding	187,600,000	193,000,000
Earnings per common share - basic | $ / shares	$ 0.97	$ 0.82
Diluted EPS:
Net income | $	$ 182	$ 157
Weighted average common shares outstanding	187,600,000	193,000,000
Earnings Per Share, Diluted [Line Items]
Weighted average common shares outstanding and common stock equivalents	189,000,000	194,600,000
Earnings per common share - diluted | $ / shares	$ 0.96	$ 0.81
Earnings Per Share (Textuals) [Abstract]
Exclusion from the diluted weighted average shares outstanding	200,000	300,000
Dividend equivalent units outstanding	46,491
Aggregate shares authorized under repurchase program, initial amount | $	$ 1,000		$ 4,000
Number of shares repurchased and retired	2,000,000	1,700,000
Value of shares repurchased and retired | $	$ 179	$ 135
Stock Repurchase Program, Value of Shares Authorized to be Repurchased | $	$ 1,473
Employee Stock Option [Member]
Earnings Per Share, Diluted [Line Items]
Effect of dilutive securities	300,000	300,000
Restricted Stock [Member]
Earnings Per Share, Diluted [Line Items]
Effect of dilutive securities	900,000	1,200,000
Performance Shares [Member]
Earnings Per Share, Diluted [Line Items]
Effect of dilutive securities	200,000	100,000

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Accumulated other comprehensive income (loss), net of taxes
Accumulated other comprehensive income (loss), net of tax, beginning balance	$ (195)	$ (137)	$ (137)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax	(1)		0
Other Comprehensive Income Reclassification Of Defined Benefit Plans Costs Net Of Tax	1	1	4
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(1)		(2)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	1	1	4
Other Comprehensive Income (Loss) Prior to Reclassifications	6		(66)
Other Comprehensive Income (Loss), Reclassification Adjustment On Items Included In Net Income Net Of Tax	2	2	8
Current year OCI	8		(58)
Accumulated other comprehensive income (loss), net of tax, ending balance	(187)		(195)
Other Comprehensive Income (Loss), Reclassification Adjustments [Abstract]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	(1)	(1)	(4)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	(1)	(1)
Comprehensive income reclassification of defined benefit plans for net prior service credit and actuarial gains or losses	(1)	(1)
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostAndActuarilaLossorGainTax	0	0
Other Comprehensive Income Reclassification Of Defined Benefit Plans Costs Net Of Tax	1	1	4
Other Comprehensive Income (Loss), Reclassification Adjustment On Items Included In Net Income Net Of Tax	(2)	(2)	(8)
Foreign Currency Translation [Member]
Accumulated other comprehensive income (loss), net of taxes
Accumulated other comprehensive income (loss), net of tax, beginning balance	(125)	(61)	(61)
Foreign currency translation adjustments	8		(64)
Accumulated other comprehensive income (loss), net of tax, ending balance	(117)		(125)
Change in Pension Liability [Member]
Accumulated other comprehensive income (loss), net of taxes
Accumulated other comprehensive income (loss), net of tax, beginning balance	(36)	(40)	(40)
Net change in pension liability	0		4
Accumulated other comprehensive income (loss), net of tax, ending balance	(36)		(36)
Cash Flow Hedges [Member]
Accumulated other comprehensive income (loss), net of taxes
Accumulated other comprehensive income (loss), net of tax, beginning balance	(34)	(36)	(36)
Cash flow hedges, net of tax	0		2
Accumulated other comprehensive income (loss), net of tax, ending balance	(34)		$ (34)
Cash Flow Hedging [Member]
Other Comprehensive Income (Loss), Reclassification Adjustments [Abstract]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(2)	(2)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax	(1)	(1)
Cash Flow Hedging [Member] | Interest Expense [Member] | Interest Rate Contract [Member]
Other Comprehensive Income (Loss), Reclassification Adjustments [Abstract]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(2)	(2)
Cash Flow Hedging [Member] | Cost of Sales [Member] | Foreign Exchange Forward [Member]
Other Comprehensive Income (Loss), Reclassification Adjustments [Abstract]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 0

Supplemental Cash Flow Inform50

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Dividends declared but not yet paid	$ 99	$ 93
Capital expenditures included in accounts payable and other current liabilities	10	7
Capital lease additions	6	12
Interest paid	13	12
Income taxes paid	$ 33	$ 11

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Mar. 31, 2016USD ($)
San Benedetto Arbitration [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual	$ 4

Segments (Details)

Segments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)integer	Mar. 31, 2015USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments | integer	3
Net sales	$ 1,487	$ 1,451
Segment Results - SOP
Total segment operating profit	377	341
Unallocated corporate costs	64	71
Other operating expense, net	0	0
Income from operations	313	270
Interest expense, net	33	27
Other income, net	(1)	(1)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	281	244
Beverage Concentrates [Member]
Segment Reporting Information [Line Items]
Net sales	287	285
Segment Results - SOP
Total segment operating profit	187	183
Packaged Beverages [Member]
Segment Reporting Information [Line Items]
Net sales	1,097	1,053
Segment Results - SOP
Total segment operating profit	175	141
Latin America Beverages [Member]
Segment Reporting Information [Line Items]
Net sales	103	113
Segment Results - SOP
Total segment operating profit	$ 15	$ 17

Guarantor and Non-Guarantor F53

Guarantor and Non-Guarantor Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015
Condensed Consolidating Statements of Income
Net sales	$ 1,487	$ 1,451
Cost of sales	602	602
Gross profit	885	849
Selling, general and administrative expenses	546	552
Depreciation and amortization	26	27
Other operating expense, net	0	0
Income from operations	313	270
Interest expense	33	27
Interest income	0	0
Other expense (income), net	(1)	(1)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	281	244
Provision for income taxes	99	87
Income before equity in earnings of unconsolidated subsidiaries	182	157
Equity in earnings of consolidated subsidiaries	0	0
Equity in earnings of unconsolidated subsidiaries, net of tax	0	0
Net income	182	157
Condensed Consolidating Statements of Comprehensive Income
Comprehensive income (loss)	190	132
Current assets:
Cash and Cash Equivalents, at Carrying Value	911	237	$ 275	$ 911
Accounts receivable:
Trade, net			576	570
Other			53	58
Related party receivable			0	0
Inventories			235	209
Prepaid expenses and other current assets			144	69
Total current assets			1,283	1,817
Property, plant and equipment, net			1,136	1,156
Investments in consolidated subsidiaries			0	0
Investments in unconsolidated subsidiaries			36	31
Goodwill			2,988	2,988
Other intangible assets, net			2,662	2,663
Long-term receivable, related parties			0	0
Other non-current assets			193	150
Non-current deferred tax assets			66	64
Total assets			8,364	8,869
Current liabilities:
Accounts payable			357	277
Related party payable			0	0
Deferred revenue			64	64
Short-term borrowings and current portion of long-term obligations			8	507
Income taxes payable			59	27
Other current liabilities			688	708
Total current liabilities			1,176	1,583
Long-term obligations to third parties			2,907	2,875
Long-term obligations to related parties			0	0
Non-current deferred tax liabilities			797	787
Non-current deferred revenue			1,166	1,181
Other non-current liabilities			216	260
Total liabilities			6,262	6,686
Total stockholders' equity			2,102	2,183
Total liabilities and stockholders' equity			8,364	8,869
Operating activities:
Net cash (used in) provided by operating activities	177	101
Investing activities:
Purchase of property, plant and equipment	(27)	(20)
Purchase of cost method investment	0	(15)
Investment in unconsolidated subsidiaries	(6)	0
Proceeds from disposals of property, plant and equipment	1	1
Issuance of related party notes receivable	0	0
Other, net	(8)	(6)
Net cash used in investing activities	(40)	(40)
Financing activities:
Proceeds from issuance of related party debt	0	0
Repurchase of shares of common stock	(179)	(135)
Dividends paid	(90)	(79)
Tax withholdings related to net share settlements of certain stock awards	(31)	(26)
Proceeds from stock options exercised	7	19
Excess tax benefit on stock-based compensation	20	19
Other, net	0	1
Repayment of senior unsecured notes	(500)	0
Capital lease payments	(2)	(1)
Net cash used in financing activities	(775)	(202)
Cash and cash equivalents - net change from:
Operating, investing and financing activities	(638)	(141)
Effect of exchange rate changes on cash and cash equivalents	2	(3)
Cash and cash equivalents at beginning of year	911	237
Cash and cash equivalents at end of period	275	93
Parent [Member]
Condensed Consolidating Statements of Income
Net sales	0	0
Cost of sales	0	0
Gross profit	0	0
Selling, general and administrative expenses	0	1
Depreciation and amortization	0	0
Other operating expense, net	0	0
Income from operations	0	(1)
Interest expense	53	25
Interest income	(13)	(10)
Other expense (income), net	(2)	(2)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	(38)	(14)
Provision for income taxes	(14)	(5)
Income before equity in earnings of unconsolidated subsidiaries	(24)	(9)
Equity in earnings of consolidated subsidiaries	206	166
Equity in earnings of unconsolidated subsidiaries, net of tax	0	0
Net income	182	157
Condensed Consolidating Statements of Comprehensive Income
Comprehensive income (loss)	190	132
Current assets:
Cash and Cash Equivalents, at Carrying Value	0	0	0	0
Accounts receivable:
Trade, net			0	0
Other			6	3
Related party receivable			15	11
Inventories			0	0
Prepaid expenses and other current assets			312	300
Total current assets			333	314
Property, plant and equipment, net			0	0
Investments in consolidated subsidiaries			7,284	7,062
Investments in unconsolidated subsidiaries			0	0
Goodwill			0	0
Other intangible assets, net			0	0
Long-term receivable, related parties			3,169	3,159
Other non-current assets			95	58
Non-current deferred tax assets			20	20
Total assets			10,901	10,613
Current liabilities:
Accounts payable			0	0
Related party payable			22	18
Deferred revenue			0	0
Short-term borrowings and current portion of long-term obligations			0	500
Income taxes payable			0	0
Other current liabilities			152	126
Total current liabilities			174	644
Long-term obligations to third parties			2,776	2,746
Long-term obligations to related parties			5,789	4,989
Non-current deferred tax liabilities			0	0
Non-current deferred revenue			0	0
Other non-current liabilities			60	51
Total liabilities			8,799	8,430
Total stockholders' equity			2,102	2,183
Total liabilities and stockholders' equity			10,901	10,613
Operating activities:
Net cash (used in) provided by operating activities	0	1
Investing activities:
Purchase of property, plant and equipment	0	0
Purchase of cost method investment		0
Investment in unconsolidated subsidiaries	0
Proceeds from disposals of property, plant and equipment	0	0
Issuance of related party notes receivable	0	0
Other, net	(8)	(6)
Net cash used in investing activities	(8)	(6)
Financing activities:
Proceeds from issuance of related party debt	800	226
Repurchase of shares of common stock	(179)	(135)
Dividends paid	(90)	(79)
Tax withholdings related to net share settlements of certain stock awards	(31)	(26)
Proceeds from stock options exercised	7	19
Excess tax benefit on stock-based compensation	0	0
Other, net	1	0
Repayment of senior unsecured notes	(500)
Capital lease payments	0	0
Net cash used in financing activities	8	5
Cash and cash equivalents - net change from:
Operating, investing and financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and cash equivalents at beginning of year	0	0
Cash and cash equivalents at end of period	0	0
Guarantors [Member]
Condensed Consolidating Statements of Income
Net sales	1,367	1,321
Cost of sales	548	539
Gross profit	819	782
Selling, general and administrative expenses	497	502
Depreciation and amortization	25	25
Other operating expense, net	0	0
Income from operations	297	255
Interest expense	17	14
Interest income	(23)	0
Other expense (income), net	(1)	(2)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	304	243
Provision for income taxes	109	88
Income before equity in earnings of unconsolidated subsidiaries	195	155
Equity in earnings of consolidated subsidiaries	11	11
Equity in earnings of unconsolidated subsidiaries, net of tax	0	0
Net income	206	166
Condensed Consolidating Statements of Comprehensive Income
Comprehensive income (loss)	215	143
Current assets:
Cash and Cash Equivalents, at Carrying Value	859	186	214	859
Accounts receivable:
Trade, net			519	516
Other			36	40
Related party receivable			29	25
Inventories			184	173
Prepaid expenses and other current assets			126	55
Total current assets			1,108	1,668
Property, plant and equipment, net			1,018	1,041
Investments in consolidated subsidiaries			617	583
Investments in unconsolidated subsidiaries			25	20
Goodwill			2,972	2,972
Other intangible assets, net			2,609	2,610
Long-term receivable, related parties			5,789	4,989
Other non-current assets			96	90
Non-current deferred tax assets			0	0
Total assets			14,234	13,973
Current liabilities:
Accounts payable			318	252
Related party payable			13	11
Deferred revenue			63	63
Short-term borrowings and current portion of long-term obligations			8	7
Income taxes payable			365	306
Other current liabilities			480	539
Total current liabilities			1,247	1,178
Long-term obligations to third parties			131	129
Long-term obligations to related parties			3,471	3,442
Non-current deferred tax liabilities			817	808
Non-current deferred revenue			1,137	1,154
Other non-current liabilities			147	200
Total liabilities			6,950	6,911
Total stockholders' equity			7,284	7,062
Total liabilities and stockholders' equity			14,234	13,973
Operating activities:
Net cash (used in) provided by operating activities	165	87
Investing activities:
Purchase of property, plant and equipment	(22)	(18)
Purchase of cost method investment		(15)
Investment in unconsolidated subsidiaries	(6)
Proceeds from disposals of property, plant and equipment	1	1
Issuance of related party notes receivable	(800)	(226)
Other, net	0	0
Net cash used in investing activities	(827)	(258)
Financing activities:
Proceeds from issuance of related party debt	0	0
Repurchase of shares of common stock	0	0
Dividends paid	0	0
Tax withholdings related to net share settlements of certain stock awards	0	0
Proceeds from stock options exercised	0	0
Excess tax benefit on stock-based compensation	20	19
Other, net	(1)	1
Repayment of senior unsecured notes	0
Capital lease payments	(2)	(1)
Net cash used in financing activities	17	19
Cash and cash equivalents - net change from:
Operating, investing and financing activities	(645)	(152)
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and cash equivalents at beginning of year	859	186
Cash and cash equivalents at end of period	214	34
Non-Guarantors [Member]
Condensed Consolidating Statements of Income
Net sales	124	138
Cost of sales	58	71
Gross profit	66	67
Selling, general and administrative expenses	49	49
Depreciation and amortization	1	2
Other operating expense, net	0	0
Income from operations	16	16
Interest expense	0	0
Interest income	(1)	(2)
Other expense (income), net	2	3
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	15	15
Provision for income taxes	4	4
Income before equity in earnings of unconsolidated subsidiaries	11	11
Equity in earnings of consolidated subsidiaries	0	0
Equity in earnings of unconsolidated subsidiaries, net of tax	0	0
Net income	11	11
Condensed Consolidating Statements of Comprehensive Income
Comprehensive income (loss)	33	(28)
Current assets:
Cash and Cash Equivalents, at Carrying Value	52	51	61	52
Accounts receivable:
Trade, net			57	54
Other			11	15
Related party receivable			0	0
Inventories			51	36
Prepaid expenses and other current assets			12	5
Total current assets			192	162
Property, plant and equipment, net			118	115
Investments in consolidated subsidiaries			0	0
Investments in unconsolidated subsidiaries			11	11
Goodwill			16	16
Other intangible assets, net			53	53
Long-term receivable, related parties			302	283
Other non-current assets			2	2
Non-current deferred tax assets			66	65
Total assets			760	707
Current liabilities:
Accounts payable			39	25
Related party payable			9	7
Deferred revenue			1	1
Short-term borrowings and current portion of long-term obligations			0	0
Income taxes payable			0	12
Other current liabilities			56	43
Total current liabilities			105	88
Long-term obligations to third parties			0	0
Long-term obligations to related parties			0	0
Non-current deferred tax liabilities			0	0
Non-current deferred revenue			29	27
Other non-current liabilities			9	9
Total liabilities			143	124
Total stockholders' equity			617	583
Total liabilities and stockholders' equity			760	707
Operating activities:
Net cash (used in) provided by operating activities	12	13
Investing activities:
Purchase of property, plant and equipment	(5)	(2)
Purchase of cost method investment		0
Investment in unconsolidated subsidiaries	0
Proceeds from disposals of property, plant and equipment	0	0
Issuance of related party notes receivable	0	0
Other, net	0	0
Net cash used in investing activities	(5)	(2)
Financing activities:
Proceeds from issuance of related party debt	0	0
Repurchase of shares of common stock	0	0
Dividends paid	0	0
Tax withholdings related to net share settlements of certain stock awards	0	0
Proceeds from stock options exercised	0	0
Excess tax benefit on stock-based compensation	0	0
Other, net	0	0
Repayment of senior unsecured notes	0
Capital lease payments	0	0
Net cash used in financing activities	0	0
Cash and cash equivalents - net change from:
Operating, investing and financing activities	7	11
Effect of exchange rate changes on cash and cash equivalents	2	(3)
Cash and cash equivalents at beginning of year	52	51
Cash and cash equivalents at end of period	61	59
Eliminations [Member]
Condensed Consolidating Statements of Income
Net sales	(4)	(8)
Cost of sales	(4)	(8)
Gross profit	0	0
Selling, general and administrative expenses	0	0
Depreciation and amortization	0	0
Other operating expense, net	0	0
Income from operations	0	0
Interest expense	(37)	(12)
Interest income	37	12
Other expense (income), net	0	0
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	0	0
Provision for income taxes	0	0
Income before equity in earnings of unconsolidated subsidiaries	0	0
Equity in earnings of consolidated subsidiaries	(217)	(177)
Equity in earnings of unconsolidated subsidiaries, net of tax	0	0
Net income	(217)	(177)
Condensed Consolidating Statements of Comprehensive Income
Comprehensive income (loss)	(248)	(115)
Current assets:
Cash and Cash Equivalents, at Carrying Value	0	0	0	0
Accounts receivable:
Trade, net			0	0
Other			0	0
Related party receivable			(44)	(36)
Inventories			0	0
Prepaid expenses and other current assets			(306)	(291)
Total current assets			(350)	(327)
Property, plant and equipment, net			0	0
Investments in consolidated subsidiaries			(7,901)	(7,645)
Investments in unconsolidated subsidiaries			0	0
Goodwill			0	0
Other intangible assets, net			0	0
Long-term receivable, related parties			(9,260)	(8,431)
Other non-current assets			0	0
Non-current deferred tax assets			(20)	(21)
Total assets			(17,531)	(16,424)
Current liabilities:
Accounts payable			0	0
Related party payable			(44)	(36)
Deferred revenue			0	0
Short-term borrowings and current portion of long-term obligations			0	0
Income taxes payable			(306)	(291)
Other current liabilities			0	0
Total current liabilities			(350)	(327)
Long-term obligations to third parties			0	0
Long-term obligations to related parties			(9,260)	(8,431)
Non-current deferred tax liabilities			(20)	(21)
Non-current deferred revenue			0	0
Other non-current liabilities			0	0
Total liabilities			(9,630)	(8,779)
Total stockholders' equity			(7,901)	(7,645)
Total liabilities and stockholders' equity			$ (17,531)	$ (16,424)
Operating activities:
Net cash (used in) provided by operating activities	0	0
Investing activities:
Purchase of property, plant and equipment	0	0
Purchase of cost method investment		0
Investment in unconsolidated subsidiaries	0
Proceeds from disposals of property, plant and equipment	0	0
Issuance of related party notes receivable	800	226
Other, net	0	0
Net cash used in investing activities	800	226
Financing activities:
Proceeds from issuance of related party debt	(800)	(226)
Repurchase of shares of common stock	0	0
Dividends paid	0	0
Tax withholdings related to net share settlements of certain stock awards	0	0
Proceeds from stock options exercised	0	0
Excess tax benefit on stock-based compensation	0	0
Other, net	0	0
Repayment of senior unsecured notes	0
Capital lease payments	0	0
Net cash used in financing activities	(800)	(226)
Cash and cash equivalents - net change from:
Operating, investing and financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Cash and cash equivalents at beginning of year	0	0
Cash and cash equivalents at end of period	$ 0	$ 0