Keurig Dr Pepper (KDP) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 07, 2019
DEI [Abstract]
Entity Registrant Name	Keurig Dr Pepper Inc.
Entity Central Index Key	0001418135
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		1,406,689,275

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 2,504	$ 948
Cost of sales	1,106	467
Gross profit	1,398	481
Selling, general and administrative expenses	911	300
Other operating (income) expense, net	(11)	3
Income from operations	498	178
Interest expense	169	(2)
Interest expense - related party	0	25
Loss on early extinguishment of debt	9	2
Other expense, net	5	13
Income before provision for income taxes	315	140
Provision for income taxes	85	51
Net income	230	89
Less: Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards	0	1
Net income attributable to KDP	$ 230	$ 88
Earnings per common share:
Basic (in dollars per share)	$ 0.16	$ 0.11
Diluted (in dollars per share)	$ 0.16	$ 0.11
Weighted average common shares outstanding:
Basic (in shares)	1,406.3	790.5
Diluted (in shares)	1,417.7	790.5

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Comprehensive income	$ 323	$ 64

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents		$ 85	$ 83
Restricted cash and restricted cash equivalents	[1]	44	46
Trade accounts receivable, net		1,016	1,150
Inventories		663	626
Prepaid expenses and other current assets		354	254
Total current assets		2,162	2,159
Property, plant and equipment, net		2,282	2,310
Investments in unconsolidated affiliates		172	186
Goodwill		20,077	20,011
Other intangible assets, net		23,988	23,967
Other non-current assets		584	259
Deferred tax assets		26	26
Total assets		49,291	48,918
Current liabilities:
Accounts payable		2,558	2,300
Accrued expenses		962	1,012
Structured payables		595	526
Short-term borrowings and current portion of long-term obligations		2,018	1,458
Other current liabilities		523	406
Total current liabilities		6,656	5,702
Long-term obligations		13,246	14,201
Deferred tax liabilities		5,940	5,923
Other non-current liabilities		775	559
Total liabilities		26,617	26,385
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, 2,000,000,000 shares authorized, 1,406,689,275 and 1,405,944,922 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively		14	14
Additional paid-in capital		21,505	21,471
Retained earnings		1,192	1,178
Accumulated other comprehensive loss		(37)	(130)
Total stockholders' equity		22,674	22,533
Total liabilities and stockholders' equity		$ 49,291	$ 48,918
[1]	Restricted cash and cash equivalents represent amounts held in escrow in connection with the Big Red Acquisition and the Core Acquisition.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	15,000,000	15,000,000
Preferred stock issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock issued (in shares)	1,406,689,275	1,405,944,922
Common stock outstanding (in shares)	1,406,689,275	1,405,944,922

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Net income	$ 230	$ 89
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	85	32
Amortization expense	78	33
Provision for sales returns	9	11
Deferred income taxes	1	(14)
Employee stock-based compensation expense	14	11
Loss on early extinguishment of debt	9	2
Unrealized (gain) loss on foreign currency	(17)	8
Unrealized loss (gain) on derivatives	7	(29)
Other, net	0	18
Changes in assets and liabilities:
Trade accounts receivable	126	97
Inventories	(36)	(7)
Income taxes receivable and payables, net	68	(4)
Other current and non current assets	(102)	(7)
Accounts payable and accrued expenses	125	28
Other current and non current liabilities	(6)	(1)
Net change in operating assets and liabilities	175	106
Net cash provided by operating activities	591	267
Investing activities:
Issuance of related party note receivable	(7)	0
Purchases of property, plant and equipment	(62)	(20)
Other, net	24	(6)
Net cash used in investing activities	(45)	(26)
Financing activities:
Proceeds from term loan	2,000	0
Net issuance of Commercial Paper	594	0
Proceeds from structured payables	78	0
Payments on Structured Payables	(9)	0
Repayments of Senior Debt	(250)	0
Repayment of term loan	(2,758)	(200)
Finance Lease, Principal Payments	(10)	(3)
Payments on finance leases	(10)
Proceeds from stock options exercised	8	0
Cash dividends paid	(211)	(11)
Other, net	2	(1)
Net cash used in financing activities	(556)	(215)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	(10)	26
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	10	1
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	139	95
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$ 139	$ 122

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock Issued	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Core MergerCommon Stock Issued	Core MergerAdditional Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of new accounting standards	$ (4)			$ (4)
Shares issued at beginning of period (in shares) at Dec. 31, 2017		790.5
Total equity at beginning of period at Dec. 31, 2017	7,398	$ 8	$ 6,377	914	$ 99
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to KDP	88			88
Other comprehensive income	(24)				(24)
Dividends declared, $0.15 per share	(11)			(11)
Adjustment of non-controlling interests to fair value	(13)			(13)
Shares issued at end of period (in shares) at Mar. 31, 2018		790.5
Total equity at end of period at Mar. 31, 2018	7,434	$ 8	6,377	974	75
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of new accounting standards	(5)			(5)
Shares issued at beginning of period (in shares) at Dec. 31, 2018		1,405.9
Total equity at beginning of period at Dec. 31, 2018	22,533	$ 14	21,471	1,178	(130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to KDP	230			230
Other comprehensive income	93				93
Measurement period adjustment	11						$ 11
Shares issued under employee stock-based compensation plans and other		0.8
Dividends declared, $0.15 per share	(211)			(211)
Stock Issued During Period, Shares, Acquisitions						0
Stock-based compensation and stock options exercised	23		23
Shares issued at end of period (in shares) at Mar. 31, 2019		1,406.7
Total equity at end of period at Mar. 31, 2019	$ 22,674	$ 14	$ 21,505	$ 1,192	$ (37)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity Condensed Consolidated Statements of Changes in Stockholders' Equity (Parentheticals)	3 Months Ended
	Mar. 31, 2018$ / shares
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.15

Background and Basis of Present

Background and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Background and Basis of Presentation	General ORGANIZATION On January 29, 2018, Dr Pepper Snapple Group, Inc. (" DPS ") entered into an Agreement and Plan of Merger (the " Merger Agreement ") by and among DPS , Maple Parent Holdings Corp. (“ Maple ”) and Salt Merger Sub, Inc. (“ Merger Sub ”), whereby Merger Sub would be merged with and into Maple , with Maple surviving the merger as a wholly-owned subsidiary of DPS (the “ DPS Merger ”). The DPS Merger was consummated on July 9, 2018 (the " Merger Date "), at which time DPS changed its name to " Keurig Dr Pepper Inc. ". References in this Quarterly Report on Form 10-Q to " KDP " or "the Company " refer to Keurig Dr Pepper Inc. and all entities included in the unaudited condensed consolidated financial statements. This Quarterly Report on Form 10-Q refers to some of KDP 's 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 KDP registered trademarks or those of the Company 's licensors. BASIS OF PRESENTATION For financial reporting and accounting purposes, Maple was the acquirer of DPS upon completion of the DPS Merger . The unaudited condensed consolidated financial statements as of March 31, 2019 and December 31, 2018 and for the first quarter of 2019 and 2018 reflect the results of operations and financial position of Maple for the periods presented. Amounts reported as of March 31, 2019 and December 31, 2018 , and for the first quarter of 2019 , include the results of operations and financial position of DPS , as the DPS Merger was completed on July 9, 2018. 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. These unaudited condensed consolidated financial statements should be read in conjunction with KDP 's consolidated financial statements and accompanying notes, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . Except as otherwise specified, references to the " first quarter " indicate the Company 's quarterly periods ended March 31, 2019 and 2018 . PRINCIPLES OF CONSOLIDATION KDP 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 KDP 's 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 or similar governing body, 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 KDP is the primary beneficiary. Judgments are made in assessing whether KDP is the primary beneficiary, including determination of the activities that most significantly impact the VIE ’s economic performance. KDP 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 KDP 's 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 estimate s . RECLASSIFICATIONS The Company reclassified the following amounts from the unaudited condensed consolidated balance sheets as of December 31, 2018 in connection with the adoption of Accounting Standards Codification ("ASC") Topic 842, Leases ("ASC 842"): (in millions) Prior Presentation Revised Presentation December 31, 2018 Capital lease and financing obligations Current portion of capital lease and financing obligations Other current liabilities $ 26 Capital lease and financing obligations Capital lease and financing obligations, less current Other non-current liabilities 305 Refer to Recently Adopted Provisions of U.S. GAAP below for further information about the adoption of ASC 842. Refer to Note 3 for information about the Company's leases and Note 12 for disclosure of the components of other current liabilities and other non-current liabilities. RECENTLY ISSUED ACCOUNTING STANDARDS In June 2016, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). The standard provides for a new impairment model which requires measurement and recognition of expected credit losses for most financial assets held. The ASU is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2019. The Company is currently evaluating the impact of ASU 2016-13 on the Company's unaudited condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurements ("ASU 2018-13"). The objective of the ASU is to improve the disclosures related to fair value measurement by removing, modifying, or adding disclosure requirements related to recurring and non-recurring fair value measurements. ASU 2018-13 is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2019, and early adoption is permitted. The Company is currently assessing the changes in disclosure requirements and does not believe there will be a material impact to KDP's unaudited condensed consolidated financial statements. RECENTLY ADOPTED PROVISIONS OF U.S. GAAP Leases As of January 1, 2019, the Company adopted ASC 842. ASC 842 replaced 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. The Company elected to apply the optional transition method provided by ASU 2018-11, Leases (Topic 842) - Targeted Improvements, which allows companies to adopt the standard on a modified retrospective basis and to apply the new leases standard as of the adoption date with a cumulative-effect adjustment to the opening balance of retained earnings. Accordingly, amounts reported in the unaudited condensed consolidated financial statements for all periods prior to January 1, 2019 have not been recast under ASC 842 and continue to be reported in accordance with ASC 840. The Company elected the package of practical expedients which allows the Company to carry forward its historical assessments of whether contracts contain leases, lease classification, and initial direct costs, for leases in existence prior to January 1, 2019. The adoption of ASC 842 resulted in an increase to KDP's total assets of approximately $314 million , an increase to KDP's total liabilities of approximately $319 million , and an impact to KDP's retained earnings of approximately $5 million , as of January 1, 2019. Refer to Note 3 for additional information . Other Accounting Standards As of January 1, 2019, the Company adopted ASU 2017-12, Derivativ es and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12") on a prospective basis. The objective of the ASU is to improve the financial reporting of hedging relationships in order to better portray the economic results of an entity’s risk management activities in its financial statements and to make certain targeted improvements to simplify the application of hedge accounting guidance. The adoption of ASU 2017-12 did not have a material impact on the Company's unaudited condensed consolidated financial statements. As of January 1, 2019, the Company early adopted ASU 2018-15, Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ("ASU 2018-15"). The standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal use software. The ASU was adopted on a prospective basis and did not have a material impact on the Company's unaudited condensed consolidated financial statements.

Acquisitions and Investments in

Acquisitions and Investments in Unconsolidated Affiliates	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions and Investments in Unconsolidated Subsidiaries	Acquisitions and Investments in Unconsolidated Affiliates ACQUISITION OF DR PEPPER SNAPPLE GROUP, INC. Overview and Total Consideration Exchanged As discussed in Note 1 , General , Maple merged with DPS on July 9, 2018. The DPS Merger was accounted for as a reverse merger under the acquisition method of accounting for business combinations. Maple was considered to be the financial and accounting acquirer, and DPS was considered the legal acquirer. Under the acquisition method of accounting, total consideration exchanged was $22,482 million . Allocation of Consideration The Company 's preliminary allocation of consideration exchanged to the net tangible and intangible assets acquired and liabilities assumed in the DPS Merger is based on estimated fair values as of July 9, 2018. The following is a summary of the preliminary allocation of consideration exchanged to the estimated fair values of assets acquired and liabilities assumed in the DPS Merger as of March 31, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments March 31, 2019 Cash and cash equivalents $ 147 $ — $ 147 Investments in unconsolidated affiliates 90 — 90 Property, plant and equipment (1) 1,549 (43 ) 1,506 Other intangible assets 20,404 (536 ) 19,868 Long-term obligations (4,049 ) — (4,049 ) Finance leases (214 ) 9 (205 ) Acquired assets, net of assumed liabilities (2) 107 (25 ) 82 Deferred tax liabilities, net of deferred tax assets (3) (4,959 ) (18 ) (4,977 ) Goodwill 9,407 613 10,020 Total consideration exchanged 22,482 — 22,482 Fair value of stock and replacement equity awards not converted to cash 3,643 — 3,643 Acquisition of business $ 18,839 $ — $ 18,839 (1) The Company preliminarily valued personal property using a combination of the market approach and the cost approach, which is based upon current replacement or reproduction cost of the asset as newly adjusted for any depreciation attributable to physical, functional and economic factors. The Company assigned personal property a useful life ranging from 1 year to 24 years . We preliminarily valued real property using the cost approach and land using the sales comparison approach. The Company assigned real property a useful life between 1 year and 41 years . (2) The Company used existing carrying values to value trade receivables and payables, as well as certain other current and non-current assets and liabilities, as the Company determined that they represented the fair value of those items as of the Merger Date . The Company preliminarily valued work-in-process ("WIP") and finished goods inventory using a net realizable value approach resulting in a step-up of $131 million which was recognized in the cost of goods sold for the third quarter of 2018 as the related inventory was sold during that period. Raw materials were carried at net book value. (3) Net deferred tax liabilities represented the expected future tax consequences of temporary differences between the fair values of the assets acquired and liabilities assumed and their tax bases. The Company used a preliminary consolidated tax rate to determine the net deferred tax liabilities. The Company will record measurement period adjustments as the Company applies the appropriate tax rate for each legal entity within DPS. The DPS Merger preliminarily resulted in $10,020 million of goodwill as of March 31, 2019 . The preliminary goodwill to be recognized is attributable to operational and general and administrative cost synergies resulting from the warehouse and transportation integration, direct procurement savings on overlapping materials, purchasing scale on indirect spend categories and optimization of duplicate positions and processes. The Company may also recognize revenue synergies, driven by a strong portfolio of brands with exposure to higher growth segments and the ability to leverage our collective distribution strength. The goodwill created in the DPS Merger is not expected to be deductible for tax purposes. The preliminary allocation of consideration exchanged to other intangible assets acquired is as follows: (in millions) Fair Value Estimated Life (in years) Brands (1) $ 19,357 n/a Contractual arrangements (2) 120 n/a Customer relationships (3) 386 10-40 Favorable leases (4) 5 5-12 Total other intangible assets $ 19,868 (1) The Company preliminarily valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company preliminarily valued contractual arrangements with bottlers and distributors utilizing the distributor method, a form of the income approach. (3) The Company identified two types of customer relationships, retail and food service. We preliminarily valued retail and food service customer relationships utilizing the distributor method, a form of the income approach. (4) The Company preliminarily valued favorable leases utilizing the income approach. Pro Forma Information Assuming DPS had been acquired as of December 31, 2016, and the results of DPS had been included in operations beginning on January 1, 2017, the following tables provide estimated unaudited pro forma results of operations for the first quarter of 2018 under U.S. GAAP. The estimated pro forma net income includes the alignment of accounting policies, the effect of fair value adjustments related to the DPS Merger , the associated tax effects and the impact of the additional debt to finance the DPS Merger . First Quarter (Unaudited, in millions) 2018 Net sales $ 2,529 Net income 222 Estimated unaudited pro forma information is not necessarily indicative of the results that actually would have occurred had the DPS Merger been completed on the date indicated or the future operating results. ACQUISITION OF BIG RED Overview and Purchase Price On July 9, 2018, KDP entered into an Agreement and Plan of Merger (the "Big Red Merger Agreement") with Big Red Group Holdings, LLC ("Big Red"), pursuant to which we agreed to acquire Big Red for an enterprise value of $300 million , subject to certain adjustments outlined in the Big Red Merger Agreement (the " Big Red Acquisition "). On August 31, 2018 (the "Big Red Merger Date"), the Company completed the Big Red Acquisition . As of March 31, 2019, the Company has recorded a preliminary allocation of purchase price to the net tangible and intangible assets acquired and liabilities assumed in the Big Red Acquisition based on estimated fair values as of the Big Red Merger Date. There have been no measurement period adjustments recorded during the first quarter of 2019 related to the Big Red Acquisition . ACQUISITION OF CORE NUTRITION, LLC Overview and Purchase Price On September 27, 2018, KDP entered into a definitive agreement with Core Nutrition, LLC (" Core "), pursuant to which we agreed to acquire Core for merger consideration, which represented an enterprise value of $525 million (subject to customary post-closing working capital and other adjustments), comprised substantially of shares of common stock of KDP , subject to certain adjustments paid in cash (the " Core Acquisition "). On November 30, 2018 (the " Core Acquisition Date "), the Company completed the Core Acquisition . Allocation of Purchase Price The Company 's preliminary allocation of purchase price to the net tangible and intangible assets acquired and liabilities assumed in the Core Acquisition is based on estimated fair values as of the Core Acquisition Date . The allocation of purchase price, as set forth in the table below, reflects various preliminary fair value estimates and analyses, including preliminary work performed by third-party valuation specialists, which are subject to change within the measurement period as valuations are finalized. The primary areas of the preliminary allocation of purchase price that are not yet finalized relate to the fair values of certain tangible assets, the valuation of intangible assets acquired, assumed liabilities and residual goodwill. The following is a summary of the preliminary allocation of purchase price to the estimated fair values of assets acquired and liabilities assumed in the Core Acquisition as of March 31, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments March 31, 2019 Cash and cash equivalents $ 10 $ — $ 10 Other intangible assets 273 — 273 Assumed liabilities, net of acquired assets (1) (12 ) (1 ) (13 ) Goodwill 236 10 246 Total purchase price 507 9 516 Company's previous ownership interest 31 — 31 Less: Holdback placed in Escrow 27 (2 ) 25 Acquisition of business $ 449 $ 11 $ 460 (1) The Company preliminarily valued WIP and finished goods inventory using a net realizable value approach resulting in a step-up of $4 million , of which $1 million and $3 million was recognized in cost of goods sold in 2018 and 2019, respectively, due to the timing of the sale of the related inventory. Raw materials were carried at net book value. The Core Acquisition preliminarily resulted in $246 million of goodwill. The preliminary goodwill to be recognized is attributable to operational and general and administrative cost synergies resulting from the warehouse and transportation integration, purchasing scale on various spend categories and optimization of duplicate positions and processes. The goodwill created in the Core Acquisition is expected to be deductible for tax purposes. The preliminary allocation of purchase price to other intangible assets acquired is as follows: (in millions) Fair Value Estimated Life (in years) Brands (1) $ 254 n/a Contractual arrangements (2) 19 10 Total other intangible assets $ 273 (1) The Company preliminarily valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company preliminarily valued contractual arrangements utilizing the distributor method, a form of the income approach. TRANSACTION EXPENSES The following table provides information about the Company's transaction expenses incurred during the first quarter of 2019 and 2018 : First Quarter (in millions) 2019 2018 DPS Merger $ 2 $ 36 Other transaction expenses 3 — Total transaction expenses incurred $ 5 $ 36 Transaction expenses primarily consisted of professional fees for advisory and consulting services and other incremental costs related to the acquisition. INVESTMENTS IN UNCONSOLIDATED AFFILIATES The following table summarizes investments in unconsolidated affiliates as of March 31, 2019 and December 31, 2018 : March 31, December 31, (in millions) Ownership Interest 2019 2018 BA Sports Nutrition, LLC ("BA") (1) 15.5 % $ 56 $ 62 Bedford Systems, LLC 30.0 % 71 79 Dyla LLC 12.6 % 15 15 Force Holdings LLC 33.3 % 5 6 Beverage startup companies (various) 19 19 Other (various) 6 5 Investments in unconsolidated affiliates $ 172 $ 186 (1) In 2018, BA announced that The Coca-Cola Company ("Coca-Cola") obtained a minority interest in BA and would obtain the Company's current distribution rights. As a result, KDP received a distribution from BA, which reduced the Company's investment. KDP continues to account for its interest in BA as an equity method investment at the ownership level held by the Company prior to the Coca-Cola announcement, as a revised ownership interest percentage has not been provided to the Company by BA.

Leases (Notes)

Leases (Notes)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	Leases The Company leases certain facilities and machinery and equipment, including fleet. These leases expire at various dates through 2044. Some lease agreements contain standard renewal provisions that allow us to renew the lease at rates equivalent to fair market value at the end of the lease term. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. Operating leases are included within other non-current assets, other current liabilities, and other non-current liabilities within our unaudited Condensed Consolidated Balance Sheets. Refer to Note 12 for further information. Finance leases are included within property, plant and equipment, net, other current liabilities, and other non-current liabilities. Leases with an initial term of 12 months or less are not recognized on the balance sheet. Right of use assets and lease liabilities are recognized in the unaudited Condensed Consolidated Balance Sheets at the present value of future minimum lease payments over the lease term on the commencement date. As the rate implicit in the lease is generally not provided to the Company, KDP uses its incremental borrowing rate based on information available at the commencement date to determine the present value of future minimum lease payments. KDP's incremental borrowing rate is determined using a portfolio of secured borrowing rates commensurate with the term of the lease and is reassessed on a quarterly basis. KDP has lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. The following table presents the components of lease cost: First Quarter (in millions) 2019 Operating lease cost $ 20 Finance lease cost Amortization of right-of-use assets 10 Interest on lease liabilities 4 Variable lease cost (1) 6 Short-term lease cost 1 Total lease cost $ 41 (1) Variable lease cost primarily consists of common area maintenance costs, property taxes, and adjustments for inflation. The following table presents supplemental cash flow information about the Company's leases: First Quarter (in millions) 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18 Operating cash flows from finance leases 4 Financing cash flows from finance leases 10 The following table presents information about the Company's weighted average discount rate and remaining lease term: First Quarter 2019 Weighted average discount rate Operating leases 4.6 % Finance leases 5.4 % Weighted average remaining lease term Operating leases 8 years Finance leases 12 years Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2019 $ 53 $ 36 2020 65 44 2021 56 36 2022 46 35 2023 39 31 2024 37 29 Thereafter 134 163 Total future minimum lease payments 430 374 Less: imputed interest (74 ) (97 ) Present value of minimum lease payments $ 356 $ 277 Future minimum lease payments under non-cancellable leases as of December 31, 2018 under ASC 840 were as follows: (in millions) Operating Leases Capital Leases Financing Obligations 2019 $ 58 $ 35 $ 10 2020 53 34 10 2021 44 33 10 2022 34 33 10 2023 25 30 10 Thereafter 98 189 62 Total future minimum lease payments $ 312 354 112 Less: imputed interest (98 ) (37 ) Present value of minimum lease payments $ 256 $ 75 LEASES THAT HAVE NOT YET COMMENCED In February 2019, the Company entered into an agreement to relocate KDP's Texas headquarters to a new leased facility. The lease is expected to commence in 2021, with an initial lease term of 16 years and includes the option for KDP to renew for up to an additional ten years at an agreed-upon rate. The future minimum lease payments related to this lease are not yet known, as the cost is dependent on a number of factors, including the ultimate cost of construction. As of March 31, 2019 , the potential obligation for this lease is estimated to be approximately $200 million .

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets GOODWILL Changes in the carrying amount of goodwill by reportable segment are as follows: Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Unallocated (1) Total Balance as of January 1, 2019 $ 9,725 $ 4,878 $ 4,265 $ 618 $ 525 $ 20,011 Foreign currency translation 24 14 6 8 — 52 Acquisitions (2) — 19 (10 ) — 5 14 Balance as of March 31, 2019 $ 9,749 $ 4,911 $ 4,261 $ 626 $ 530 $ 20,077 (1) Amounts recorded primarily for deferred tax liabilities in the preliminary purchase price allocations are recorded using a preliminary consolidated tax rate to determine the deferred tax liabilities. The Company will record measurement period adjustments as the Company applies the appropriate tax rate for each legal entity, which will enable the Company to allocate this goodwill to the applicable segment within the measurement period. (2) Amounts represent measurement period adjustments for the DPS Merger and the Core Acquisition. Refer to Note 2 for further information. INTANGIBLE ASSETS OTHER THAN GOODWILL The net carrying amounts of intangible assets other than goodwill with indefinite lives are as follows: March 31, 2019 December 31, 2018 Brands $ 19,770 $ 19,712 Trade names 2,479 2,479 Contractual arrangements 120 119 Distribution rights 2 — Total $ 22,371 $ 22,310 The net carrying amounts of intangible assets other than goodwill with definite lives are as follows: March 31, 2019 December 31, 2018 (in millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Acquired technology $ 1,146 $ (200 ) $ 946 $ 1,146 $ (182 ) $ 964 Customer relationships 631 (77 ) 554 629 (67 ) 562 Trade names 127 (43 ) 84 127 (40 ) 87 Favorable leases (1) — — — 13 (3 ) 10 Brands 9 (1 ) 8 9 — 9 Contractual arrangements 26 (1 ) 25 26 (1 ) 25 Total $ 1,939 $ (322 ) $ 1,617 $ 1,950 $ (293 ) $ 1,657 (1) Amounts recorded as favorable lease intangible assets were reclassified to operating lease right-of-use assets in connection with the adoption of ASC 842 as of January 1, 2019. Refer to Note 3 for further information regarding the adoption of ASC 842. Amortization expense for intangible assets with definite lives was as follows: First Quarter (in millions) 2019 2018 Amortization expense for intangible assets with definite lives $ 31 $ 30 Amortization expense of these intangible assets over the remainder of 2019 and the next five years is expected to be as follows: Remainder of 2019 For the Years Ending December 31, (in millions) 2020 2021 2022 2023 2024 Expected amortization expense for intangible assets with definite lives $ 94 $ 126 $ 126 $ 126 $ 125 $ 120 IMPAIRMENT TESTING KDP conducts impairment tests on goodwill and all indefinite lived intangible assets annually, or more frequently if circumstances indicate that the carrying amount of an asset may not be recoverable. The Company did not identify any circumstances that indicated that the carrying amount of any goodwill or any indefinite lived intangible asset may not be recoverable as of March 31, 2019 .

Restructuring and Integration C

Restructuring and Integration Costs	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Integration Costs	Restructuring and Integration Costs The Company implements restructuring programs from time to time and incurs costs that are designed to improve operating effectiveness and lower costs. When the Company implements these programs, the Company incurs expenses, such as employee separations, lease terminations and other direct exit costs, that qualify as exit and disposal costs under U.S. GAAP. The Company also incurs expenses that are an integral component of, and directly attributable to, its restructuring activities, which do not qualify as exit and disposal costs, such as accelerated depreciation, asset impairments, implementation costs and other incremental costs. These costs are recorded within SG&A expenses on the income statement and are held within unallocated corporate costs. Restructuring and integration charges incurred during the first quarter of 2019 and 2018 are as follows: First Quarter (in millions) 2019 2018 Keurig 2.0 exit $ 1 $ 5 Integration program 60 — Other restructuring programs — 1 Total restructuring and integration charges $ 61 $ 6 Restructuring liabilities that qualify as exit and disposal costs under U.S. GAAP are included in accounts payable and accrued expenses on the unaudited condensed consolidated financial statements. Restructuring liabilities as of March 31, 2019 and December 31, 2018 along with charges to expense, cash payments and non-cash charges for the period were as follows: (in millions) Workforce Reduction Costs Other (1) Total Balance as of December 31, 2018 $ 28 $ 1 $ 29 Charges to expense 6 — 6 Cash payments (24 ) — (24 ) Non-cash adjustment items (1 ) (1 ) (2 ) Balance as of March 31, 2019 $ 9 $ — $ 9 (1) Primarily reflects activities associated with the closure of certain facilities, excluding contract termination costs, which include any associated asset write-downs and accelerated depreciation. RESTRUCTURING PROGRAMS Integration Program As part of the DPS Merger, the Company established a transformation management office to enable integration and maximize value capture. The Company developed a program to deliver $600 million in synergies over a three-year period through supply chain optimization, reduction of indirect spend through new economies of scale, elimination of duplicative support functions and advertising and promotion optimization. The Company expects to incur total cash expenditures of $750 million , comprised of both capital expenditures and expense, and expects to complete the program by 2021. The restructuring and integration program resulted in cumulative pre-tax charges of approximately $215 million , primarily consisting of professional fees related to the integration and transformation and costs associated with severance and employee terminations, through March 31, 2019 .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rates for the first quarter of 2019 and 2018 were 27.0% and 36.4% , respectively. The decrease in our effective tax rate was primarily due to a reduction in the U.S. federal tax rate from 24.5% to 21% and exclusion of DPS Merger-related non-deductible transaction costs, partially offset by the elimination of the domestic manufacturing deduction. The legislation commonly known as the Tax Cuts and Jobs Act was enacted on December 22, 2017 (“TCJA”). The TCJA reduced the U.S. federal statutory tax rate from 35% to 21% and eliminated the domestic manufacturing deduction. Guidance under the TCJA for non-calendar year filers resulted in a 24.5% federal statutory rate for companies with a September year-end for the period ended March 31, 2018.

Long-term Obligations and Borro

Long-term Obligations and Borrowing Arrangements	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-term Obligations and Borrowing Arrangements	Long-term Obligations and Borrowing Arrangements The following table summarizes the Company 's long-term obligations: (in millions) March 31, 2019 December 31, 2018 Senior unsecured notes $ 11,778 $ 12,019 Term loans 1,812 2,561 Subtotal 13,590 14,580 Less - current portion (344 ) (379 ) Long-term obligations $ 13,246 $ 14,201 The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: Fair Value Hierarchy Level March 31, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Commercial paper 2 $ 1,674 $ 1,674 $ 1,079 $ 1,079 Current portion of long-term obligations: Senior unsecured notes 2 248 248 250 250 Term loans 2 96 96 129 129 Short-term borrowings and current portion of long-term obligations $ 2,018 $ 2,018 $ 1,458 $ 1,458 SENIOR UNSECURED NOTES The Company 's senior unsecured notes (collectively, the " Notes ") consisted of the following: (in millions) Fair Value Hierarchy Level March 31, 2019 December 31, 2018 Issuance Maturity Date Rate Carrying Value Fair Value Carrying Value Fair Value 2019 Notes (1) January 15, 2019 2.600% 2 $ — $ — $ 250 $ 250 2020 Notes January 15, 2020 2.000% 2 250 248 250 245 2021 Merger Notes May 25, 2021 3.551% 2 1,750 1,769 1,750 1,742 2021-A Notes November 15, 2021 3.200% 2 250 251 250 244 2021-B Notes November 15, 2021 2.530% 2 250 246 250 240 2022 Notes November 15, 2022 2.700% 2 250 243 250 237 2023 Merger Notes May 25, 2023 4.057% 2 2,000 2,058 2,000 1,988 2023 Notes December 15, 2023 3.130% 2 500 496 500 474 2025 Merger Notes May 25, 2025 4.417% 2 1,000 1,037 1,000 999 2025 Notes November 15, 2025 3.400% 2 500 488 500 467 2026 Notes September 15, 2026 2.550% 2 400 364 400 346 2027 Notes June 15, 2027 3.430% 2 500 479 500 458 2028 Merger Notes May 25, 2028 4.597% 2 2,000 2,082 2,000 1,981 2038 Notes May 1, 2038 7.450% 2 125 160 125 151 2038 Merger Notes May 25, 2038 4.985% 2 500 508 500 483 2045 Notes November 15, 2045 4.500% 2 550 509 550 478 2046 Notes December 15, 2046 4.420% 2 400 365 400 342 2048 Merger Notes May 25, 2048 5.085% 2 750 763 750 716 Principal amount $ 11,975 $ 12,066 $ 12,225 $ 11,841 Unamortized debt issuance costs and fair value adjustment for Notes assumed in the DPS Merger (197 ) (206 ) Carrying amount $ 11,778 $ 12,019 (1) On January 15, 2019, the Company repaid the 2019 Notes at maturity, using Commercial Paper. The fair value amounts of the Notes 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 the Notes and related unamortized costs to be incurred at such date. The carrying amount includes the unamortized discounts, debt issuance costs and the fair value adjustment for the DPS Merger . BORROWING ARRANGEMENTS On February 8, 2019 , the Company terminated its term loan executed in conjunction with the DPS Merger ("KDP Term Loan") and entered into a new term loan agreement among the Company ("New KDP Term Loan"), the lenders party thereto (the "New Term Lenders"), and JP Morgan , as administrative agent (the "2019 New Term Loan Agreement"), pursuant to which the New Term Lenders provided $2 billion of the New KDP Term Loan to refinance the KDP Term Loan in order to achieve a more favorable interest rate. As a result of the extinguishment of the KDP Term Loan, the Company recorded approximately $3 million of loss on early extinguishment during the first quarter of 2019. The interest rate applicable to the 2019 Term Loan Agreement ranges from a rate equal to LIBOR plus a margin of 0.75% to 1.25% or a base rate plus a margin of 0.00% to 0.25% , depending on the rating of certain indexed debt of KDP . Under the 2019 New Term Loan Agreement, KDP must repay the unpaid principal amount quarterly commencing on March 29, 2019 in an amount equal to 1.25% of the aggregate principal amount made on the effective date of the New KDP Term Loan, resulting in annual mandatory repayments of $100 million . The 2019 Term Loan Agreement matures on February 8, 2023 . The Company 's revolving credit facilities ("KDP Revolver") and term loans, collectively the ("KDP Credit Agreements"), consisted of the following carrying values and estimated fair values that are not required to be measured at fair value in the unaudited Condensed Consolidated Balance Sheets: (in millions) Fair Value Hierarchy Level March 31, 2019 December 31, 2018 Issuance Maturity Date Carrying Value Fair Value Carrying Value Fair Value KDP Term Loan (1) February 2023 2 $ — $ — $ 2,583 $ 2,583 New KDP Term Loan (2) February 2023 2 1,825 1,825 — — KDP Revolver February 2023 2 — — — — Principal amount $ 1,825 $ 1,825 $ 2,583 $ 2,583 Unamortized discounts and debt issuance costs (13 ) (22 ) Carrying amount $ 1,812 $ 2,561 (1) During January 2019, the Company borrowed $583 million of Commercial Paper to prepay a portion of its outstanding obligations under the KDP Term Loan, all of which was a voluntary prepayment. As a result of these voluntary prepayments, the Company recorded approximately $5 million of loss on early extinguishment during the first quarter of 2019. (2) On February 28, 2019, the Company borrowed $150 million of Commercial Paper to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which was a voluntary prepayment. As a result, the Company recorded approximately $1 million of loss on early extinguishment during the first quarter of 2019. Revolving Credit Facilities The following table provides amounts utilized and available under the KDP Revolver as of March 31, 2019 : (in millions) Amount Utilized Balances Available KDP Revolver $ — $ 2,400 Letters of credit — 200 As of March 31, 2019 , the Company was in compliance with all financial covenant requirements relating to the KDP Credit Agreements . Commercial Paper Program The following table provides information about the Company 's weighted average borrowings under its commercial paper program for the first quarter of 2019 and 2018 : First Quarter 2019 2018 Weighted average commercial paper borrowings $ 1,748 $ — Weighted average borrowing rates 2.90 % — % Letter of Credit Facility In addition to the portion of the KDP Revolver reserved for issuance of letters of credit, the Company has an incremental letter of credit facility. Under this facility, $100 million is available for the issuance of letters of credit, $48 million of which was utilized as of March 31, 2019 and $52 million of which remains available for use.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives KDP is exposed to market risks arising from adverse changes in interest rates, commodity prices, and foreign exchange (" FX ") rates. KDP manages these risks through a variety of strategies, including the use of interest rate contracts, FX forward contracts, commodity forward and future contracts and supplier pricing agreements. KDP does not designate these contracts as hedges for accounting purposes, and KDP does not hold or issue derivative financial instruments for trading or speculative purposes. INTEREST RATES The Company is exposed t o interest rate risk related to its borrowing arrangements and obligations. The Company enters into interest rate swaps to provide predictability in the Company's overall cost structure, including both receive-fixed, pay-variable and receive-variable, pay-fixed swaps. 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 earnings throughout the term of the derivative instrument and are reported in interest expense in the unaudited Condensed Consolidated Statements of Income. These interest rate swap contracts have maturities between 10 months and 20 years as of March 31, 2019 . FOREIGN EXCHANGE The Company 's Canadian and Mexican businesses purchase certain inventory through transactions denominated and settled in U.S. dollars, a currency different from the functional currency of those businesses. The Company additionally has a subsidiary in Canada with intercompany notes denominated and settled in U.S. dollars, a currency different from the functional currency of the Canadian business. These inventory purchases and intercompany notes are subject to exposure from movements in exchange rates. During the first quarter of 2019 and 2018 , the Company held FX forward contracts to economically manage the exposures resulting from changes in these foreign currency exchange rates. The intent of these FX contracts is to provide predictability in the Company's overall cost structure. In these cases, a 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 earnings throughout the term of the derivative instrument and are reported in the same caption of the unaudited Condensed Consolidated Statements of Income as the associated risk. These FX contracts have maturities between 1 month and 6 years as of March 31, 2019 . COMMODITIES KDP centrally manages the exposure to volatility in the prices of certain commodities used in its production process and transportation through various derivative contracts. The intent of these contracts is to provide a certain level of predictability in the Company 's overall cost structure. During the first quarter of 2019 and 2018 , the Company held forward, future, swap and option contracts that economically hedged certain of its risks. In these cases, a 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 earnings 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 income from operations. These commodity contracts have maturities between 1 month and 6 years as of March 31, 2019 . NOTIONAL AMOUNTS OF DERIVATIVE INSTRUMENTS The following table presents the notional amounts of the Company's outstanding derivative instruments by type: March 31, December 31, (in millions) 2019 2018 Interest rate contracts Receive-fixed, pay-variable interest rate swaps $ 970 $ 1,070 Receive-variable, pay-fixed interest rate swaps (1) 1,075 2,125 FX contracts 386 348 Commodity contracts 302 296 (1) During the three months ended March 31, 2019 , the Company elected to terminate $900 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $27 million . FAIR VALUE OF DERIVATIVE INSTRUMENTS NOT DESIGNATED AS HEDGING INSTRUMENTS The following table summarizes the fair value hierarchy and the location of the fair value of the Company 's derivative instruments not designated as hedging instruments within the unaudited Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 : (in millions) Fair Value Hierarchy Level Balance Sheet Location March 31, December 31, Assets: Interest rate contracts 2 Prepaid expenses and other current assets $ 4 $ 2 FX contracts 2 Prepaid expenses and other current assets 2 4 Commodity contracts 2 Prepaid expenses and other current assets 14 3 Interest rate contracts 2 Other non-current assets 40 77 FX contracts 2 Other non-current assets 9 15 Commodity contracts 2 Other non-current assets 5 3 Liabilities: Interest rate contracts 2 Other current liabilities $ 5 $ 7 Commodity contracts 2 Other current liabilities 37 27 Interest rate contracts 2 Other non-current liabilities 3 6 Commodity contracts 2 Other non-current liabilities 9 10 The fair values of commodity contracts, interest rate contracts and FX 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 contracts are valued using the market approach based on observable market transactions, primarily underlying commodities futures or physical index prices, at the reporting date. Interest rate contracts are valued using models based primarily on readily observable market parameters, such as LIBOR forward rates, for all substantial terms of the Company 's contracts and credit risk of the counterparties. The fair value of FX forward contracts are valued using quoted forward FX prices at the reporting date. Therefore, the Company has categorized these contracts as Level 2. 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. Amounts include both realized and unrealized gains and losses. (in millions) Amount of (Gain) Loss Recognized in Income Location of (Gain) Loss Recognized in Income For the First Quarter of 2019 Commodity contracts $ 15 Cost of sales Commodity contracts (14 ) SG&A expenses Interest rate contracts 2 Interest expense FX contracts 2 Cost of sales FX contracts 6 Other expense, net Total $ 11 For the First Quarter of 2018 Commodity contracts $ 2 Cost of sales Interest rate contracts (24 ) Interest expense FX contracts (6 ) Other expense, net Total $ (28 ) 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, the Company 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.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
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. As a result of the DPS Merger , all historical per share data and number of shares and numbers of equity awards were retroactively adjusted. The following table presents the Company 's basic and diluted EPS and shares outstanding: First Quarter (in millions, except per share data) 2019 2018 Basic EPS: Net income attributable to KDP $ 230 $ 88 Weighted average common shares outstanding 1,406.3 790.5 Earnings per common share — basic $ 0.16 $ 0.11 Diluted EPS: Net income attributable to KDP $ 230 $ 88 Impact of dilutive securities in Maple Parent Corporation — 1 Total $ 230 $ 87 Weighted average common shares outstanding 1,406.3 790.5 Effect of dilutive securities: Stock options 0.8 — RSUs 10.6 — Weighted average common shares outstanding and common stock equivalents 1,417.7 790.5 Earnings per common share — diluted $ 0.16 $ 0.11 Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation — —

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense is primarily 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 First Quarter (in millions) 2019 2018 Total stock-based compensation expense $ 14 $ 11 Income tax benefit recognized in the Statements of Income (3 ) (3 ) Stock-based compensation expense, net of tax $ 11 $ 8 RESTRICTED STOCK UNITS The table below summarizes RSU activity for the first quarter of 2019 : RSUs Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of December 31, 2018 18,625,898 $ 15.68 3.54 $ 478 Granted 4,834,604 26.05 Vested and released (4,137 ) 24.13 — Forfeited (839,706 ) 18.48 Outstanding as of March 31, 2019 22,616,659 $ 17.79 4.13 $ 633 As of March 31, 2019 , there was $312 million of unrecognized compensation cost related to unvested RSUs that is expected to be recognized over a weighted average period of 4.13 years .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Loss The following table provides a summary of changes in Accumulated Other Comprehensive Loss , net of taxes: (in millions) Foreign Currency Translation Adjustments Pension and PRMB Liabilities Accumulated Other Comprehensive Loss Balance as of January 1, 2019 $ (126 ) $ (4 ) $ (130 ) Other comprehensive income 93 — 93 Balance as of March 31, 2019 $ (33 ) $ (4 ) $ (37 )

Other Financial Information

Other Financial Information	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Financial Information	Other Financial Information The tables below provide selected financial information from the unaudited Condensed Consolidated Balance Sheets: March 31, December 31, (in millions) 2019 2018 Inventories: Raw materials $ 218 $ 204 Work in process 7 7 Finished goods 438 415 Total inventories $ 663 $ 626 Prepaid expenses and other current assets: Other receivables $ 48 $ 51 Customer incentive programs 94 12 Derivative instruments 20 9 Prepaid marketing 47 29 Spare parts 44 43 Assets held for sale 7 8 Income tax receivable 14 22 Other 80 80 Total prepaid expenses and other current assets $ 354 $ 254 Other non-current assets: Customer incentive programs $ 31 $ 34 Marketable securities - trading (1) 39 44 Operating lease right-of-use assets (2) 361 — Derivative instruments 54 95 Equity securities without readily determinable fair values 1 1 Non-current restricted cash and restricted cash equivalents 10 10 Related party notes receivable (3) 24 17 Other 64 58 Total other non-current assets $ 584 $ 259 (1) 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 value of marketable securities was $39 million and $44 million as of March 31, 2019 and December 31, 2018 , respectively. (2) Refer to Note 3 for additional information . (3) Refer to Note 15 for additional information . March 31, December 31, (in millions) 2019 2018 Accrued expenses: Customer rebates & incentives $ 360 $ 342 Accrued compensation 114 214 Insurance reserve 42 37 Accrued interest 167 77 Accrued professional fees 33 113 Other accrued expenses 246 229 Total accrued expenses $ 962 $ 1,012 Other current liabilities: Dividends payable $ 211 $ 209 Income taxes payable 114 60 Operating lease liability (1) 55 — Finance lease liability (2) 33 26 Derivative instruments 42 34 Holdback liabilities 42 44 Other 26 33 Total other current liabilities $ 523 $ 406 Other non-current liabilities: Pension and post-retirement liability $ 29 $ 30 Insurance reserves 59 57 Operating lease liability (1) 301 — Finance lease liability (2) 244 305 Derivative instruments 12 16 Deferred compensation liability 39 44 Other 91 107 Total other non-current liabilities $ 775 $ 559 (1) Refer to Note 3 for additional information . (2) Amounts as of December 31, 2018 include capital leases and financing obligations reported under ASC 840. Refer to Notes 1 and 3 for additional information . ACCOUNTS PAYABLE KDP entered into an agreement with a third party to allow participating suppliers to track payment obligations from KDP, and if elected, sell payment obligations from KDP to financial institutions. Suppliers can sell one or more of KDP's payment obligations at their sole discretion and the rights and obligations of KDP to its suppliers are not impacted. KDP has no economic interest in a supplier’s decision to enter into these agreements and no direct financial relationship with the financial institutions. KDP's obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted. As of March 31, 2019 and December 31, 2018 , $1,898 million and $1,676 million , respectively, of KDP's outstanding payment obligations is payable to suppliers who utilize these third party services.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information The following table provides a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents reported with the unaudited Condensed Consolidated Balance Sheets to the total of the same amounts shown in the unaudited Condensed Consolidated Statements of Cash Flows: Fair Value Hierarchy Level March 31, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 85 $ 85 $ 83 $ 83 Restricted cash and restricted cash equivalents (1) 1 44 44 46 46 Non-current restricted cash and restricted cash equivalents included in Other non-current assets 1 10 10 10 10 Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows $ 139 $ 139 $ 139 $ 139 (1) Restricted cash and cash equivalents represent amounts held in escrow in connection with the Big Red Acquisition and the Core Acquisition. The following table provides supplemental cash flow disclosures: First Quarter (in millions) 2019 2018 Supplemental cash flow disclosures of non-cash investing activities: Measurement period adjustment of Core purchase price $ (11 ) $ — Capital expenditures included in accounts payable and accrued expenses 154 22 Supplemental cash flow disclosures of non-cash financing activities: Dividends declared but not yet paid 211 — Finance lease additions 7 — Supplemental cash flow disclosures: Cash paid for interest 64 23 Cash paid for related party interest — 25 Cash paid for income taxes 25 67

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies LEGAL MATTERS The Company is involved from time to time in various claims, proceedings, and litigation, including those described below. We establish reserves for specific legal proceedings when we determine that the likelihood of an unfavorable outcome is probable and the amount of loss can be reasonably estimated. Management has also identified certain other legal matters where we believe an unfavorable outcome is reasonably possible and/or for which no estimate of possible losses can be made. Proposition 65 Litigation On May 9, 2011, an organization named Council for Education and Research on Toxics ("CERT") filed a lawsuit in the Superior Court of the State of California, County of Los Angeles, against Keurig. The lawsuit is Council for Education and Research on Toxics v. Brad Barry LLC, et al., Case No. BC461182. CERT alleges that Keurig, in addition to nearly one hundred other defendants who manufacture, package, distribute, or sell coffee, failed to warn persons in California that Keurig's coffee products (the "Products") expose persons to the chemical acrylamide in violation of California's Safe Drinking Water and Toxic Enforcement Act of 1986, Health and Safety Code section 25249.5, et seq. ("Proposition 65"). CERT seeks equitable relief, including providing warnings to consumers, as well as civil penalties in the amount of the statutory maximum of $2,500 per day per violation of Proposition 65. CERT asserts that every consumed cup of coffee, absent a compliant warning, is equivalent to a violation under Proposition 65. Keurig, as part of a joint defense group organized to defend against the lawsuit, disputes the claims of the Plaintiff. Acrylamide is not added to coffee, but is present in all coffee in small amounts (parts per billion) as a byproduct of the coffee bean roasting process. Keurig has asserted multiple affirmative defenses. The case was scheduled to proceed to a third phase for trial on damages, remedies and attorneys' fees beginning on October 15, 2018, however on October 12, 2018, the California Court of Appeal granted the defendants' request for a stay of the third phase trial. Potentially relevant to the lawsuit, on June 15, 2018, California’s Office of Environmental Health Hazard Assessment (“OEHHA”) proposed a new regulation clarifying that cancer warnings are not required for coffee under Proposition 65. Defendants anticipate that the proposed regulation, if finalized, could be effective as early as June 2019. At this stage of the proceedings, prior to a trial on remedies issues, Keurig is unable to reasonably estimate the potential loss or effect on Keurig or its operations that could be associated with the lawsuit. The trial court has discretion to impose zero penalties against Keurig or to impose significant statutory penalties. Significant labeling or warning requirements that could potentially be imposed by the trial court may increase Keurig's costs and adversely affect sales of coffee products. We can provide no assurances as to the outcome of any litigation.

Related Parties

Related Parties	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Parties	Related Parties IDENTIFICATION OF RELATED PARTIES The Company is indirectly controlled by a single stockholder, JAB Holding Company S.a.r.l ("JAB"), a privately held investor group. JAB has ownership control over certain investments that create the following related party transaction types: • Coffee Transactions include transactions with Peet's Coffee ("Peet's"), Caribou Coffee ("Caribou"), Panera Bread ("Panera"), Einstein Bros Bagels ("Einstein Bros") and Krispy Kreme Doughnuts ("Krispy Kreme"). The Company manufactures portion packs containing a selection of coffee and tea varieties under Peet’s brands for sale in the U.S. and Canada. As part of this agreement Peet’s issues purchase orders to the Company for portion packs to be supplied to Peet’s and sold in select channels. In turn, the Company places purchase orders for Peet’s raw materials to manufacture portion packs for sale by the Company in select channels. The Company licenses the Caribou and Krispy Kreme trademarks for use in the Keurig system in the Company owned channels. • Restaurant Transactions include transactions with Panera, Peets, Caribou, Einstein Bros and Krispy Kreme. The Company sells various beverage concentrates and packaged beverages to these companies. The Company also has rights in certain territories to bottle and/or distribute various brands that the Company does not own. The Company holds investments in certain brand ownership companies. Refer to Note 2 for additional information about the Company 's investments in unconsolidated affiliates. The Company purchases inventory from these brand ownership companies and sells finished product to third-party customers primarily in the U.S. Additionally, any transactions with significant partners in these investments, such as Anheuser-Busch InBev ("ABI"), are also included in this line. ABI purchases Clamato from the Company and pays the Company a royalty for use of the brand name. LINE OF CREDIT WITH BEDFORD The Company and ABI executed a line of credit agreement with Bedford on March 3, 2017, in conjunction with the creation of the joint venture ("Bedford Credit Agreement"), which was amended on December 7, 2018 to increase the line of credit (the credit agreement, as amended, the "Bedford Credit Agreement"). Under the Bedford Credit Agreement, the Company has committed to provide up to $51 million capacity with a fixed interest rate of 8.1% per annum. The Bedford Credit Agreement matures on March 3, 2024. The Company has outstanding receivable balances on the Bedford Credit Agreement of $24 million and $17 million as of March 31, 2019 and December 31, 2018 , respectively.

Segments

Segments	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segments	Segments Following the DPS Merger as described in Note 2 , the Company revised its segment structure to consist of the following four reportable segments as of March 31, 2019 and December 31, 2018 , and for the first quarter of 2019 , and recasted for the first quarter of 2018 : • The Coffee Systems segment reflects sales in the U.S. and Canada of the manufacture and distribution of finished goods relating to the Company 's coffee system, pods and brewers. • 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 the Direct Store Delivery system and the Warehouse Direct system. • 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 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 income from operations are the significant financial measures used to assess the operating performance of the Company's operating segments. Intersegment sales are recorded at cost and are eliminated in the unaudited Condensed Consolidated Statements of Income. “ Unallocated corporate costs ” are excluded from the Company's measurement of segment performance and include unrealized commodity derivative gains and losses, and certain general corporate expenses. Information about the Company 's operations by reportable segment is as follows: First Quarter (in millions) 2019 2018 Segment Results – Net sales Coffee Systems $ 968 $ 948 Packaged Beverages 1,116 — Beverage Concentrates 304 — Latin America Beverages 116 — Net sales $ 2,504 $ 948 First Quarter (in millions) 2019 2018 Segment Results – Income from operations Coffee Systems $ 293 $ 254 Packaged Beverages 149 — Beverage Concentrates 201 — Latin America Beverages 11 — Total income from operations - segments 654 254 Unallocated corporate costs 156 76 Income from operations $ 498 $ 178

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company recognizes revenue when obligations under the terms of a contract with the customer are satisfied. Branded product sales, which include CSDs , NCBs , pods and appliances, occur once control is transferred upon delivery to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. The amount of consideration the Company receives and revenue the Company recognizes varies with changes in customer incentives the Company offers to its customers and their customers. Sales taxes and other similar taxes are excluded from revenue. Costs associated with shipping and handling activities, such as merchandising, are included in SG&A expenses as revenue is recognized. The following table disaggregates the Company 's revenue by portfolio for the first quarter of 2019 and 2018 : (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total For the first quarter of 2019: CSD (1) $ — $ 522 $ 298 $ 80 $ 900 NCB (1) — 501 2 36 539 Pods (2) 793 — — — 793 Appliances 123 — — — 123 Other 52 93 4 — 149 Net sales $ 968 $ 1,116 $ 304 $ 116 $ 2,504 For the first quarter of 2018: CSD (1) $ — $ — $ — $ — $ — NCB (1) — — — — — Pods (2) 794 — — — 794 Appliances 101 — — — 101 Other 53 — — — 53 Net sales $ 948 $ — $ — $ — $ 948 (1) Represents net sales of owned and Allied Brands within our portfolio. (2) Represents net sales from owned brands, partner brands and private label owners. Net sales for partner brands and private label owners are contractual and long term in nature.

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Information	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Guarantor and Non-Guarantor Financial Information	Guarantor and Non-Guarantor Financial Information The Notes are fully and unconditionally guaranteed by certain direct and indirect subsidiaries of the Company (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., immaterial subsidiaries used for charitable purposes, any of the subsidiaries held by Maple prior to the DPS Merger or any of the subsidiaries acquired after the DPS Merger (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 DPS Merger was accounted for under the acquisition method of accounting, using pushdown accounting for the purposes of presenting the following guarantor and non-guarantor financial information. The first quarter of 2018 is not presented herein, as amounts reported prior to the DPS Merger are that of Maple, and would therefore be entirely reported within the Non-Guarantors column. Refer to the Condensed Consolidated Statements of Income, Statements of Comprehensive Income, and Statements of Cash Flows for the amounts which would be presented as Non-Guarantors for these historical periods. The following schedules present the financial information for Keurig Dr Pepper 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 First Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,410 $ 1,138 $ (44 ) $ 2,504 Cost of sales — 571 579 (44 ) 1,106 Gross profit — 839 559 — 1,398 Selling, general and administrative expenses 4 562 345 — 911 Other operating (income) expense, net — (10 ) (1 ) — (11 ) Income from operations (4 ) 287 215 — 498 Interest expense 200 4 29 (64 ) 169 Interest expense - related party — — — — — Loss on early extinguishment of debt 9 — — — 9 Other (income) expense, net (12 ) (45 ) (2 ) 64 5 (Loss) income before provision for income taxes (201 ) 328 188 — 315 (Benefit) provision for income taxes (49 ) 84 50 — 85 Income before equity in earnings of consolidated subsidiaries (152 ) 244 138 — 230 Equity in earnings of consolidated subsidiaries 382 — — (382 ) — Net income 230 244 138 (382 ) 230 Condensed Consolidating Statements of Comprehensive Income For the First Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income (loss) $ 323 $ 319 $ 231 $ (550 ) $ 323 Condensed Consolidating Balance Sheets As of March 31, 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 6 $ 79 $ — $ 85 Restricted cash and restricted cash equivalents 40 2 2 — 44 Trade accounts receivable, net — 600 416 — 1,016 Related party receivable 136 143 78 (357 ) — Inventories — 246 417 — 663 Prepaid expenses and other current assets 619 218 122 (605 ) 354 Total current assets 795 1,215 1,114 (962 ) 2,162 Property, plant and equipment, net — 1,340 942 — 2,282 Investments in consolidated subsidiaries 40,601 4,940 — (45,541 ) — Investments in unconsolidated affiliates — 57 115 — 172 Goodwill 50 8,374 11,653 — 20,077 Other intangible assets, net — 16,578 7,410 — 23,988 Long-term receivable, related parties 5,277 8,208 — (13,485 ) — Other non-current assets 63 251 270 — 584 Deferred tax assets — — 26 — 26 Total assets $ 46,786 $ 40,963 $ 21,530 $ (59,988 ) $ 49,291 Current liabilities: Accounts payable $ — $ 723 $ 1,835 $ — $ 2,558 Accrued expenses 167 579 216 — 962 Structured payables — 47 548 — 595 Related party payable 142 111 104 (357 ) — Short-term borrowings and current portion of long-term obligations 2,018 — — — 2,018 Other current liabilities 273 723 132 (605 ) 523 Total current liabilities 2,600 2,183 2,835 (962 ) 6,656 Long-term obligations to third parties 13,246 — — — 13,246 Long-term obligations to related parties 8,177 3,407 1,901 (13,485 ) — Deferred tax liabilities 46 4,080 1,814 — 5,940 Other non-current liabilities 43 491 241 — 775 Total liabilities 24,112 10,161 6,791 (14,447 ) 26,617 Total stockholders' equity 22,674 30,802 14,739 (45,541 ) 22,674 Total liabilities and stockholders' equity $ 46,786 $ 40,963 $ 21,530 $ (59,988 ) $ 49,291 Condensed Consolidating Balance Sheets As of December 31, 2018 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 18 $ 65 $ — $ 83 Restricted cash and restricted cash equivalents 42 3 1 — 46 Trade accounts receivable, net — 596 554 — 1,150 Related party receivable 189 71 76 (336 ) — Inventories — 226 400 — 626 Prepaid expenses and other current assets 569 110 132 (557 ) 254 Total current assets 800 1,024 1,228 (893 ) 2,159 Property, plant and equipment, net — 1,351 959 — 2,310 Investments in consolidated subsidiaries 40,119 4,882 — (45,001 ) — Investments in unconsolidated affiliates — 63 123 — 186 Goodwill 50 8,371 11,590 — 20,011 Other intangible assets, net — 16,583 7,384 — 23,967 Long-term receivable, related parties 5,503 7,827 — (13,330 ) — Other non-current assets 64 41 154 — 259 Deferred tax assets — — 26 — 26 Total assets $ 46,536 $ 40,142 $ 21,464 $ (59,224 ) $ 48,918 Current liabilities: Accounts payable $ — $ 497 $ 1,803 $ — $ 2,300 Accrued expenses 78 610 324 — 1,012 Structured payables — 47 479 — 526 Related party payable 65 106 165 (336 ) — Short-term borrowings and current portion of long-term obligations 1,458 — — — 1,458 Other current liabilities 278 626 59 (557 ) 406 Total current liabilities 1,879 1,886 2,830 (893 ) 5,702 Long-term obligations to third parties 14,201 — — — 14,201 Long-term obligations to related parties 7,827 3,369 2,134 (13,330 ) — Deferred tax liabilities 46 4,075 1,802 — 5,923 Other non-current liabilities 50 337 172 — 559 Total liabilities 24,003 9,667 6,938 (14,223 ) 26,385 Total stockholders' equity 22,533 30,475 14,526 (45,001 ) 22,533 Total liabilities and stockholders' equity $ 46,536 $ 40,142 $ 21,464 $ (59,224 ) $ 48,918 Condensed Consolidating Statements of Cash Flows For the First Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ (34 ) $ 374 $ 259 $ (8 ) $ 591 Investing activities: Collections on (issuances of) related party notes receivable 290 (373 ) (7 ) 83 (7 ) Purchases of property, plant and equipment — (21 ) (41 ) — (62 ) Return of capital from investments in consolidated subsidiaries — 16 — (16 ) — Other, net 9 (4 ) 19 — 24 Net cash provided by (used in) investing activities $ 299 $ (382 ) $ (29 ) $ 67 $ (45 ) Financing activities: Proceeds from (payments of) related party notes $ 350 $ — $ (267 ) $ (83 ) $ — Proceeds from term loan 2,000 — — — 2,000 Net Issuance of Commercial Paper 594 — — — 594 Proceeds from structured payables — — 78 — 78 Payments on structured payables — — (9 ) — (9 ) Payments on senior unsecured notes (250 ) — — — (250 ) Repayment of term loan (2,758 ) — — — (2,758 ) Payments on finance leases — (5 ) (5 ) — (10 ) Proceeds from stock options exercised 8 — — — 8 Cash dividends paid (211 ) — (24 ) 24 (211 ) Other, net — — 2 — 2 Net cash used in financing activities $ (267 ) $ (5 ) $ (225 ) $ (59 ) $ (556 ) Cash and cash equivalents — net change from: Operating, investing and financing activities $ (2 ) $ (13 ) $ 5 $ — $ (10 ) Effect of exchange rate changes on cash and cash equivalents — — 10 — 10 Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 42 31 66 — 139 Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period $ 40 $ 18 $ 81 $ — $ 139

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	For financial reporting and accounting purposes, Maple was the acquirer of DPS upon completion of the DPS Merger . The unaudited condensed consolidated financial statements as of March 31, 2019 and December 31, 2018 and for the first quarter of 2019 and 2018 reflect the results of operations and financial position of Maple for the periods presented. Amounts reported as of March 31, 2019 and December 31, 2018 , and for the first quarter of 2019 , include the results of operations and financial position of DPS , as the DPS Merger was completed on July 9, 2018. 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. These unaudited condensed consolidated financial statements should be read in conjunction with KDP 's consolidated financial statements and accompanying notes, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 .
Principles of Consolidation	KDP 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 KDP 's 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 or similar governing body, 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 KDP is the primary beneficiary. Judgments are made in assessing whether KDP is the primary beneficiary, including determination of the activities that most significantly impact the VIE ’s economic performance. KDP 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
Reclassifications	RECLASSIFICATIONS The Company reclassified the following amounts from the unaudited condensed consolidated balance sheets as of December 31, 2018 in connection with the adoption of Accounting Standards Codification ("ASC") Topic 842, Leases ("ASC 842"): (in millions) Prior Presentation Revised Presentation December 31, 2018 Capital lease and financing obligations Current portion of capital lease and financing obligations Other current liabilities $ 26 Capital lease and financing obligations Capital lease and financing obligations, less current Other non-current liabilities 305 Refer to Recently Adopted Provisions of U.S. GAAP below for further information about the adoption of ASC 842. Refer to Note 3 for information about the Company's leases and Note 12 for disclosure of the components of other current liabilities and other non-current liabilities.
Use of Estimates	The process of preparing KDP 's 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 estimate s
Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS In June 2016, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). The standard provides for a new impairment model which requires measurement and recognition of expected credit losses for most financial assets held. The ASU is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2019. The Company is currently evaluating the impact of ASU 2016-13 on the Company's unaudited condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurements ("ASU 2018-13"). The objective of the ASU is to improve the disclosures related to fair value measurement by removing, modifying, or adding disclosure requirements related to recurring and non-recurring fair value measurements. ASU 2018-13 is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2019, and early adoption is permitted. The Company is currently assessing the changes in disclosure requirements and does not believe there will be a material impact to KDP's unaudited condensed consolidated financial statements. RECENTLY ADOPTED PROVISIONS OF U.S. GAAP Leases As of January 1, 2019, the Company adopted ASC 842. ASC 842 replaced 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. The Company elected to apply the optional transition method provided by ASU 2018-11, Leases (Topic 842) - Targeted Improvements, which allows companies to adopt the standard on a modified retrospective basis and to apply the new leases standard as of the adoption date with a cumulative-effect adjustment to the opening balance of retained earnings. Accordingly, amounts reported in the unaudited condensed consolidated financial statements for all periods prior to January 1, 2019 have not been recast under ASC 842 and continue to be reported in accordance with ASC 840. The Company elected the package of practical expedients which allows the Company to carry forward its historical assessments of whether contracts contain leases, lease classification, and initial direct costs, for leases in existence prior to January 1, 2019. The adoption of ASC 842 resulted in an increase to KDP's total assets of approximately $314 million , an increase to KDP's total liabilities of approximately $319 million , and an impact to KDP's retained earnings of approximately $5 million , as of January 1, 2019. Refer to Note 3 for additional information . Other Accounting Standards As of January 1, 2019, the Company adopted ASU 2017-12, Derivativ es and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12") on a prospective basis. The objective of the ASU is to improve the financial reporting of hedging relationships in order to better portray the economic results of an entity’s risk management activities in its financial statements and to make certain targeted improvements to simplify the application of hedge accounting guidance. The adoption of ASU 2017-12 did not have a material impact on the Company's unaudited condensed consolidated financial statements. As of January 1, 2019, the Company early adopted ASU 2018-15, Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ("ASU 2018-15"). The standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal use software. The ASU was adopted on a prospective basis and did not have a material impact on the Company's unaudited condensed consolidated financial statements.

Background and Basis of Prese_3

Background and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of reclassifications	The Company reclassified the following amounts from the unaudited condensed consolidated balance sheets as of December 31, 2018 in connection with the adoption of Accounting Standards Codification ("ASC") Topic 842, Leases ("ASC 842"): (in millions) Prior Presentation Revised Presentation December 31, 2018 Capital lease and financing obligations Current portion of capital lease and financing obligations Other current liabilities $ 26 Capital lease and financing obligations Capital lease and financing obligations, less current Other non-current liabilities 305

Acquisitions and Investments _2

Acquisitions and Investments in Unconsolidated Affiliates (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of business acquisitions, by acquisition	he following is a summary of the preliminary allocation of consideration exchanged to the estimated fair values of assets acquired and liabilities assumed in the DPS Merger as of March 31, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments March 31, 2019 Cash and cash equivalents $ 147 $ — $ 147 Investments in unconsolidated affiliates 90 — 90 Property, plant and equipment (1) 1,549 (43 ) 1,506 Other intangible assets 20,404 (536 ) 19,868 Long-term obligations (4,049 ) — (4,049 ) Finance leases (214 ) 9 (205 ) Acquired assets, net of assumed liabilities (2) 107 (25 ) 82 Deferred tax liabilities, net of deferred tax assets (3) (4,959 ) (18 ) (4,977 ) Goodwill 9,407 613 10,020 Total consideration exchanged 22,482 — 22,482 Fair value of stock and replacement equity awards not converted to cash 3,643 — 3,643 Acquisition of business $ 18,839 $ — $ 18,839 (1) The Company preliminarily valued personal property using a combination of the market approach and the cost approach, which is based upon current replacement or reproduction cost of the asset as newly adjusted for any depreciation attributable to physical, functional and economic factors. The Company assigned personal property a useful life ranging from 1 year to 24 years . We preliminarily valued real property using the cost approach and land using the sales comparison approach. The Company assigned real property a useful life between 1 year and 41 years . (2) The Company used existing carrying values to value trade receivables and payables, as well as certain other current and non-current assets and liabilities, as the Company determined that they represented the fair value of those items as of the Merger Date . The Company preliminarily valued work-in-process ("WIP") and finished goods inventory using a net realizable value approach resulting in a step-up of $131 million which was recognized in the cost of goods sold for the third quarter of 2018 as the related inventory was sold during that period. Raw materials were carried at net book value. (3) Net deferred tax liabilities represented the expected future tax consequences of temporary differences between the fair values of the assets acquired and liabilities assumed and their tax bases. The Company used a preliminary consolidated tax rate to determine the net deferred tax liabilities. The Company will record measurement period adjustments as the Company applies the appropriate tax rate for each legal entity within DPS. The following is a summary of the preliminary allocation of purchase price to the estimated fair values of assets acquired and liabilities assumed in the Core Acquisition as of March 31, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments March 31, 2019 Cash and cash equivalents $ 10 $ — $ 10 Other intangible assets 273 — 273 Assumed liabilities, net of acquired assets (1) (12 ) (1 ) (13 ) Goodwill 236 10 246 Total purchase price 507 9 516 Company's previous ownership interest 31 — 31 Less: Holdback placed in Escrow 27 (2 ) 25 Acquisition of business $ 449 $ 11 $ 460 (1) The Company preliminarily valued WIP and finished goods inventory using a net realizable value approach resulting in a step-up of $4 million , of which $1 million and $3 million was recognized in cost of goods sold in 2018 and 2019, respectively, due to the timing of the sale of the related inventory. Raw materials were carried at net book value.
Schedule of recognized identified assets acquired and liabilities assumed	The following is a summary of the preliminary allocation of consideration exchanged to the estimated fair values of assets acquired and liabilities assumed in the DPS Merger as of March 31, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments March 31, 2019 Cash and cash equivalents $ 147 $ — $ 147 Investments in unconsolidated affiliates 90 — 90 Property, plant and equipment (1) 1,549 (43 ) 1,506 Other intangible assets 20,404 (536 ) 19,868 Long-term obligations (4,049 ) — (4,049 ) Finance leases (214 ) 9 (205 ) Acquired assets, net of assumed liabilities (2) 107 (25 ) 82 Deferred tax liabilities, net of deferred tax assets (3) (4,959 ) (18 ) (4,977 ) Goodwill 9,407 613 10,020 Total consideration exchanged 22,482 — 22,482 Fair value of stock and replacement equity awards not converted to cash 3,643 — 3,643 Acquisition of business $ 18,839 $ — $ 18,839 (1) The Company preliminarily valued personal property using a combination of the market approach and the cost approach, which is based upon current replacement or reproduction cost of the asset as newly adjusted for any depreciation attributable to physical, functional and economic factors. The Company assigned personal property a useful life ranging from 1 year to 24 years . We preliminarily valued real property using the cost approach and land using the sales comparison approach. The Company assigned real property a useful life between 1 year and 41 years . (2) The Company used existing carrying values to value trade receivables and payables, as well as certain other current and non-current assets and liabilities, as the Company determined that they represented the fair value of those items as of the Merger Date . The Company preliminarily valued work-in-process ("WIP") and finished goods inventory using a net realizable value approach resulting in a step-up of $131 million which was recognized in the cost of goods sold for the third quarter of 2018 as the related inventory was sold during that period. Raw materials were carried at net book value. (3) Net deferred tax liabilities represented the expected future tax consequences of temporary differences between the fair values of the assets acquired and liabilities assumed and their tax bases. The Company used a preliminary consolidated tax rate to determine the net deferred tax liabilities. The Company will record measurement period adjustments as the Company applies the appropriate tax rate for each legal entity within DPS.
Finite-lived and indefinite-lived intangible assets acquired as part of business combination	The preliminary allocation of purchase price to other intangible assets acquired is as follows: (in millions) Fair Value Estimated Life (in years) Brands (1) $ 254 n/a Contractual arrangements (2) 19 10 Total other intangible assets $ 273 (1) The Company preliminarily valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company preliminarily valued contractual arrangements utilizing the distributor method, a form of the income approach. The preliminary allocation of consideration exchanged to other intangible assets acquired is as follows: (in millions) Fair Value Estimated Life (in years) Brands (1) $ 19,357 n/a Contractual arrangements (2) 120 n/a Customer relationships (3) 386 10-40 Favorable leases (4) 5 5-12 Total other intangible assets $ 19,868 (1) The Company preliminarily valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company preliminarily valued contractual arrangements with bottlers and distributors utilizing the distributor method, a form of the income approach. (3) The Company identified two types of customer relationships, retail and food service. We preliminarily valued retail and food service customer relationships utilizing the distributor method, a form of the income approach. (4) The Company preliminarily valued favorable leases utilizing the income approach.
Pro forma information	e DPS Merger , the associated tax effects and the impact of the additional debt to finance the DPS Merger . First Quarter (Unaudited, in millions) 2018 Net sales $ 2,529 Net income 222 Estimated unaudited pro forma information is not necessarily indicative of the results that actually would have occurred had the DPS Merger been completed on the date indicated or the future operating results.
Equity method investments	The following table summarizes investments in unconsolidated affiliates as of March 31, 2019 and December 31, 2018 : March 31, December 31, (in millions) Ownership Interest 2019 2018 BA Sports Nutrition, LLC ("BA") (1) 15.5 % $ 56 $ 62 Bedford Systems, LLC 30.0 % 71 79 Dyla LLC 12.6 % 15 15 Force Holdings LLC 33.3 % 5 6 Beverage startup companies (various) 19 19 Other (various) 6 5 Investments in unconsolidated affiliates $ 172 $ 186

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The following table presents the components of lease cost: First Quarter (in millions) 2019 Operating lease cost $ 20 Finance lease cost Amortization of right-of-use assets 10 Interest on lease liabilities 4 Variable lease cost (1) 6 Short-term lease cost 1 Total lease cost $ 41 (1) Variable lease cost primarily consists of common area maintenance costs, property taxes, and adjustments for inflation.
Supplemental Cash Flow Information for Leases [Table Text Block]	The following table presents supplemental cash flow information about the Company's leases: First Quarter (in millions) 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18 Operating cash flows from finance leases 4 Financing cash flows from finance leases 10
Schedule of Weighted Average Lease Disclosures [Table Text Block]	The following table presents information about the Company's weighted average discount rate and remaining lease term: First Quarter 2019 Weighted average discount rate Operating leases 4.6 % Finance leases 5.4 % Weighted average remaining lease term Operating leases 8 years Finance leases 12 years
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2019 $ 53 $ 36 2020 65 44 2021 56 36 2022 46 35 2023 39 31 2024 37 29 Thereafter 134 163 Total future minimum lease payments 430 374 Less: imputed interest (74 ) (97 ) Present value of minimum lease payments $ 356 $ 277
Finance Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2019 $ 53 $ 36 2020 65 44 2021 56 36 2022 46 35 2023 39 31 2024 37 29 Thereafter 134 163 Total future minimum lease payments 430 374 Less: imputed interest (74 ) (97 ) Present value of minimum lease payments $ 356 $ 277

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill by reportable segment	Changes in the carrying amount of goodwill by reportable segment are as follows: Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Unallocated (1) Total Balance as of January 1, 2019 $ 9,725 $ 4,878 $ 4,265 $ 618 $ 525 $ 20,011 Foreign currency translation 24 14 6 8 — 52 Acquisitions (2) — 19 (10 ) — 5 14 Balance as of March 31, 2019 $ 9,749 $ 4,911 $ 4,261 $ 626 $ 530 $ 20,077 (1) Amounts recorded primarily for deferred tax liabilities in the preliminary purchase price allocations are recorded using a preliminary consolidated tax rate to determine the deferred tax liabilities. The Company will record measurement period adjustments as the Company applies the appropriate tax rate for each legal entity, which will enable the Company to allocate this goodwill to the applicable segment within the measurement period.
Schedule of net carrying amounts of intangible assets other than goodwill with indefinite lives	The net carrying amounts of intangible assets other than goodwill with indefinite lives are as follows: March 31, 2019 December 31, 2018 Brands $ 19,770 $ 19,712 Trade names 2,479 2,479 Contractual arrangements 120 119 Distribution rights 2 — Total $ 22,371 $ 22,310
Schedule of net carrying amounts of intangible assets other than goodwill with definite lives	The net carrying amounts of intangible assets other than goodwill with definite lives are as follows: March 31, 2019 December 31, 2018 (in millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Acquired technology $ 1,146 $ (200 ) $ 946 $ 1,146 $ (182 ) $ 964 Customer relationships 631 (77 ) 554 629 (67 ) 562 Trade names 127 (43 ) 84 127 (40 ) 87 Favorable leases (1) — — — 13 (3 ) 10 Brands 9 (1 ) 8 9 — 9 Contractual arrangements 26 (1 ) 25 26 (1 ) 25 Total $ 1,939 $ (322 ) $ 1,617 $ 1,950 $ (293 ) $ 1,657 (1) Amounts recorded as favorable lease intangible assets were reclassified to operating lease right-of-use assets in connection with the adoption of ASC 842 as of January 1, 2019. Refer to Note 3 for further information regarding the adoption of ASC 842.
Schedule of amortization expense for intangible assets with definite lives	Amortization expense for intangible assets with definite lives was as follows: First Quarter (in millions) 2019 2018 Amortization expense for intangible assets with definite lives $ 31 $ 30
Schedule of future amortization expense	Amortization expense of these intangible assets over the remainder of 2019 and the next five years is expected to be as follows: Remainder of 2019 For the Years Ending December 31, (in millions) 2020 2021 2022 2023 2024 Expected amortization expense for intangible assets with definite lives $ 94 $ 126 $ 126 $ 126 $ 125 $ 120

Restructuring and Integration_2

Restructuring and Integration Costs (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and related costs	Restructuring and integration charges incurred during the first quarter of 2019 and 2018 are as follows: First Quarter (in millions) 2019 2018 Keurig 2.0 exit $ 1 $ 5 Integration program 60 — Other restructuring programs — 1 Total restructuring and integration charges $ 61 $ 6
Schedule of restructuring reserve by type of cost	Restructuring liabilities as of March 31, 2019 and December 31, 2018 along with charges to expense, cash payments and non-cash charges for the period were as follows: (in millions) Workforce Reduction Costs Other (1) Total Balance as of December 31, 2018 $ 28 $ 1 $ 29 Charges to expense 6 — 6 Cash payments (24 ) — (24 ) Non-cash adjustment items (1 ) (1 ) (2 ) Balance as of March 31, 2019 $ 9 $ — $ 9 (1) Primarily reflects activities associated with the closure of certain facilities, excluding contract termination costs, which include any associated asset write-downs and accelerated depreciation.

Long-term Obligations and Bor_2

Long-term Obligations and Borrowing Arrangements (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]	The following table provides information about the Company 's weighted average borrowings under its commercial paper program for the first quarter of 2019 and 2018 : First Quarter 2019 2018 Weighted average commercial paper borrowings $ 1,748 $ — Weighted average borrowing rates 2.90 % — %
Schedule of debt	The following table summarizes the Company 's long-term obligations: (in millions) March 31, 2019 December 31, 2018 Senior unsecured notes $ 11,778 $ 12,019 Term loans 1,812 2,561 Subtotal 13,590 14,580 Less - current portion (344 ) (379 ) Long-term obligations $ 13,246 $ 14,201 The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: Fair Value Hierarchy Level March 31, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Commercial paper 2 $ 1,674 $ 1,674 $ 1,079 $ 1,079 Current portion of long-term obligations: Senior unsecured notes 2 248 248 250 250 Term loans 2 96 96 129 129 Short-term borrowings and current portion of long-term obligations $ 2,018 $ 2,018 $ 1,458 $ 1,458
Schedule of long-term debt instruments	The Company 's senior unsecured notes (collectively, the " Notes ") consisted of the following: (in millions) Fair Value Hierarchy Level March 31, 2019 December 31, 2018 Issuance Maturity Date Rate Carrying Value Fair Value Carrying Value Fair Value 2019 Notes (1) January 15, 2019 2.600% 2 $ — $ — $ 250 $ 250 2020 Notes January 15, 2020 2.000% 2 250 248 250 245 2021 Merger Notes May 25, 2021 3.551% 2 1,750 1,769 1,750 1,742 2021-A Notes November 15, 2021 3.200% 2 250 251 250 244 2021-B Notes November 15, 2021 2.530% 2 250 246 250 240 2022 Notes November 15, 2022 2.700% 2 250 243 250 237 2023 Merger Notes May 25, 2023 4.057% 2 2,000 2,058 2,000 1,988 2023 Notes December 15, 2023 3.130% 2 500 496 500 474 2025 Merger Notes May 25, 2025 4.417% 2 1,000 1,037 1,000 999 2025 Notes November 15, 2025 3.400% 2 500 488 500 467 2026 Notes September 15, 2026 2.550% 2 400 364 400 346 2027 Notes June 15, 2027 3.430% 2 500 479 500 458 2028 Merger Notes May 25, 2028 4.597% 2 2,000 2,082 2,000 1,981 2038 Notes May 1, 2038 7.450% 2 125 160 125 151 2038 Merger Notes May 25, 2038 4.985% 2 500 508 500 483 2045 Notes November 15, 2045 4.500% 2 550 509 550 478 2046 Notes December 15, 2046 4.420% 2 400 365 400 342 2048 Merger Notes May 25, 2048 5.085% 2 750 763 750 716 Principal amount $ 11,975 $ 12,066 $ 12,225 $ 11,841 Unamortized debt issuance costs and fair value adjustment for Notes assumed in the DPS Merger (197 ) (206 ) Carrying amount $ 11,778 $ 12,019 (1) On January 15, 2019, the Company repaid the 2019 Notes at maturity, using Commercial Paper.
Schedule of line of credit facilities	The Company 's revolving credit facilities ("KDP Revolver") and term loans, collectively the ("KDP Credit Agreements"), consisted of the following carrying values and estimated fair values that are not required to be measured at fair value in the unaudited Condensed Consolidated Balance Sheets: (in millions) Fair Value Hierarchy Level March 31, 2019 December 31, 2018 Issuance Maturity Date Carrying Value Fair Value Carrying Value Fair Value KDP Term Loan (1) February 2023 2 $ — $ — $ 2,583 $ 2,583 New KDP Term Loan (2) February 2023 2 1,825 1,825 — — KDP Revolver February 2023 2 — — — — Principal amount $ 1,825 $ 1,825 $ 2,583 $ 2,583 Unamortized discounts and debt issuance costs (13 ) (22 ) Carrying amount $ 1,812 $ 2,561 (1) During January 2019, the Company borrowed $583 million of Commercial Paper to prepay a portion of its outstanding obligations under the KDP Term Loan, all of which was a voluntary prepayment. As a result of these voluntary prepayments, the Company recorded approximately $5 million of loss on early extinguishment during the first quarter of 2019. (2) On February 28, 2019, the Company borrowed $150 million of Commercial Paper to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which was a voluntary prepayment. As a result, the Company recorded approximately $1 million of loss on early extinguishment during the first quarter of 2019. Revolving Credit Facilities The following table provides amounts utilized and available under the KDP Revolver as of March 31, 2019 : (in millions) Amount Utilized Balances Available KDP Revolver $ — $ 2,400 Letters of credit — 200

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional Amounts of Derivative Instruments	NOTIONAL AMOUNTS OF DERIVATIVE INSTRUMENTS The following table presents the notional amounts of the Company's outstanding derivative instruments by type: March 31, December 31, (in millions) 2019 2018 Interest rate contracts Receive-fixed, pay-variable interest rate swaps $ 970 $ 1,070 Receive-variable, pay-fixed interest rate swaps (1) 1,075 2,125 FX contracts 386 348 Commodity contracts 302 296 (1) During the three months ended March 31, 2019 , the Company elected to terminate $900 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $27 million .
Schedule of derivative instruments in statement of financial position, fair value	The following table summarizes the fair value hierarchy and the location of the fair value of the Company 's derivative instruments not designated as hedging instruments within the unaudited Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 : (in millions) Fair Value Hierarchy Level Balance Sheet Location March 31, December 31, Assets: Interest rate contracts 2 Prepaid expenses and other current assets $ 4 $ 2 FX contracts 2 Prepaid expenses and other current assets 2 4 Commodity contracts 2 Prepaid expenses and other current assets 14 3 Interest rate contracts 2 Other non-current assets 40 77 FX contracts 2 Other non-current assets 9 15 Commodity contracts 2 Other non-current assets 5 3 Liabilities: Interest rate contracts 2 Other current liabilities $ 5 $ 7 Commodity contracts 2 Other current liabilities 37 27 Interest rate contracts 2 Other non-current liabilities 3 6 Commodity contracts 2 Other non-current liabilities 9 10
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. Amounts include both realized and unrealized gains and losses. (in millions) Amount of (Gain) Loss Recognized in Income Location of (Gain) Loss Recognized in Income For the First Quarter of 2019 Commodity contracts $ 15 Cost of sales Commodity contracts (14 ) SG&A expenses Interest rate contracts 2 Interest expense FX contracts 2 Cost of sales FX contracts 6 Other expense, net Total $ 11 For the First Quarter of 2018 Commodity contracts $ 2 Cost of sales Interest rate contracts (24 ) Interest expense FX contracts (6 ) Other expense, net Total $ (28 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share	The following table presents the Company 's basic and diluted EPS and shares outstanding: First Quarter (in millions, except per share data) 2019 2018 Basic EPS: Net income attributable to KDP $ 230 $ 88 Weighted average common shares outstanding 1,406.3 790.5 Earnings per common share — basic $ 0.16 $ 0.11 Diluted EPS: Net income attributable to KDP $ 230 $ 88 Impact of dilutive securities in Maple Parent Corporation — 1 Total $ 230 $ 87 Weighted average common shares outstanding 1,406.3 790.5 Effect of dilutive securities: Stock options 0.8 — RSUs 10.6 — Weighted average common shares outstanding and common stock equivalents 1,417.7 790.5 Earnings per common share — diluted $ 0.16 $ 0.11 Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation — —

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
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 First Quarter (in millions) 2019 2018 Total stock-based compensation expense $ 14 $ 11 Income tax benefit recognized in the Statements of Income (3 ) (3 ) Stock-based compensation expense, net of tax $ 11 $ 8
Schedule of share-based compensation, restricted stock and restricted stock units activity	The table below summarizes RSU activity for the first quarter of 2019 : RSUs Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value (in millions) Outstanding as of December 31, 2018 18,625,898 $ 15.68 3.54 $ 478 Granted 4,834,604 26.05 Vested and released (4,137 ) 24.13 — Forfeited (839,706 ) 18.48 Outstanding as of March 31, 2019 22,616,659 $ 17.79 4.13 $ 633

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Accumulated other comprehensive income (loss), net of taxes	The following table provides a summary of changes in Accumulated Other Comprehensive Loss , net of taxes: (in millions) Foreign Currency Translation Adjustments Pension and PRMB Liabilities Accumulated Other Comprehensive Loss Balance as of January 1, 2019 $ (126 ) $ (4 ) $ (130 ) Other comprehensive income 93 — 93 Balance as of March 31, 2019 $ (33 ) $ (4 ) $ (37 )

Other Financial Information (Ta

Other Financial Information (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of other assets and other liabilities	The tables below provide selected financial information from the unaudited Condensed Consolidated Balance Sheets: March 31, December 31, (in millions) 2019 2018 Inventories: Raw materials $ 218 $ 204 Work in process 7 7 Finished goods 438 415 Total inventories $ 663 $ 626 Prepaid expenses and other current assets: Other receivables $ 48 $ 51 Customer incentive programs 94 12 Derivative instruments 20 9 Prepaid marketing 47 29 Spare parts 44 43 Assets held for sale 7 8 Income tax receivable 14 22 Other 80 80 Total prepaid expenses and other current assets $ 354 $ 254 Other non-current assets: Customer incentive programs $ 31 $ 34 Marketable securities - trading (1) 39 44 Operating lease right-of-use assets (2) 361 — Derivative instruments 54 95 Equity securities without readily determinable fair values 1 1 Non-current restricted cash and restricted cash equivalents 10 10 Related party notes receivable (3) 24 17 Other 64 58 Total other non-current assets $ 584 $ 259 (1) 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 value of marketable securities was $39 million and $44 million as of March 31, 2019 and December 31, 2018 , respectively. (2) Refer to Note 3 for additional information . (3) Refer to Note 15 for additional information . March 31, December 31, (in millions) 2019 2018 Accrued expenses: Customer rebates & incentives $ 360 $ 342 Accrued compensation 114 214 Insurance reserve 42 37 Accrued interest 167 77 Accrued professional fees 33 113 Other accrued expenses 246 229 Total accrued expenses $ 962 $ 1,012 Other current liabilities: Dividends payable $ 211 $ 209 Income taxes payable 114 60 Operating lease liability (1) 55 — Finance lease liability (2) 33 26 Derivative instruments 42 34 Holdback liabilities 42 44 Other 26 33 Total other current liabilities $ 523 $ 406 Other non-current liabilities: Pension and post-retirement liability $ 29 $ 30 Insurance reserves 59 57 Operating lease liability (1) 301 — Finance lease liability (2) 244 305 Derivative instruments 12 16 Deferred compensation liability 39 44 Other 91 107 Total other non-current liabilities $ 775 $ 559 (1) Refer to Note 3 for additional information . (2) Amounts as of December 31, 2018 include capital leases and financing obligations reported under ASC 840. Refer to Notes 1 and 3 for additional information .

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents reported with the unaudited Condensed Consolidated Balance Sheets to the total of the same amounts shown in the unaudited Condensed Consolidated Statements of Cash Flows: Fair Value Hierarchy Level March 31, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 85 $ 85 $ 83 $ 83 Restricted cash and restricted cash equivalents (1) 1 44 44 46 46 Non-current restricted cash and restricted cash equivalents included in Other non-current assets 1 10 10 10 10 Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows $ 139 $ 139 $ 139 $ 139
Schedule of Restricted Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents reported with the unaudited Condensed Consolidated Balance Sheets to the total of the same amounts shown in the unaudited Condensed Consolidated Statements of Cash Flows: Fair Value Hierarchy Level March 31, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 85 $ 85 $ 83 $ 83 Restricted cash and restricted cash equivalents (1) 1 44 44 46 46 Non-current restricted cash and restricted cash equivalents included in Other non-current assets 1 10 10 10 10 Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows $ 139 $ 139 $ 139 $ 139 (1) Restricted cash and cash equivalents represent amounts held in escrow in connection with the Big Red Acquisition and the Core Acquisition.
Schedule of Cash Flow, Supplemental Disclosures	The following table provides supplemental cash flow disclosures: First Quarter (in millions) 2019 2018 Supplemental cash flow disclosures of non-cash investing activities: Measurement period adjustment of Core purchase price $ (11 ) $ — Capital expenditures included in accounts payable and accrued expenses 154 22 Supplemental cash flow disclosures of non-cash financing activities: Dividends declared but not yet paid 211 — Finance lease additions 7 — Supplemental cash flow disclosures: Cash paid for interest 64 23 Cash paid for related party interest — 25 Cash paid for income taxes 25 67

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	Information about the Company 's operations by reportable segment is as follows: First Quarter (in millions) 2019 2018 Segment Results – Net sales Coffee Systems $ 968 $ 948 Packaged Beverages 1,116 — Beverage Concentrates 304 — Latin America Beverages 116 — Net sales $ 2,504 $ 948
Reconciliation of operating profit (loss) from segments to consolidated	First Quarter (in millions) 2019 2018 Segment Results – Income from operations Coffee Systems $ 293 $ 254 Packaged Beverages 149 — Beverage Concentrates 201 — Latin America Beverages 11 — Total income from operations - segments 654 254 Unallocated corporate costs 156 76 Income from operations $ 498 $ 178

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table disaggregates the Company 's revenue by portfolio for the first quarter of 2019 and 2018 : (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total For the first quarter of 2019: CSD (1) $ — $ 522 $ 298 $ 80 $ 900 NCB (1) — 501 2 36 539 Pods (2) 793 — — — 793 Appliances 123 — — — 123 Other 52 93 4 — 149 Net sales $ 968 $ 1,116 $ 304 $ 116 $ 2,504 For the first quarter of 2018: CSD (1) $ — $ — $ — $ — $ — NCB (1) — — — — — Pods (2) 794 — — — 794 Appliances 101 — — — 101 Other 53 — — — 53 Net sales $ 948 $ — $ — $ — $ 948 (1) Represents net sales of owned and Allied Brands within our portfolio. (2) Represents net sales from owned brands, partner brands and private label owners. Net sales for partner brands and private label owners are contractual and long term in nature.

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Information (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed consolidating statements of income	Condensed Consolidating Statements of Income For the First Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,410 $ 1,138 $ (44 ) $ 2,504 Cost of sales — 571 579 (44 ) 1,106 Gross profit — 839 559 — 1,398 Selling, general and administrative expenses 4 562 345 — 911 Other operating (income) expense, net — (10 ) (1 ) — (11 ) Income from operations (4 ) 287 215 — 498 Interest expense 200 4 29 (64 ) 169 Interest expense - related party — — — — — Loss on early extinguishment of debt 9 — — — 9 Other (income) expense, net (12 ) (45 ) (2 ) 64 5 (Loss) income before provision for income taxes (201 ) 328 188 — 315 (Benefit) provision for income taxes (49 ) 84 50 — 85 Income before equity in earnings of consolidated subsidiaries (152 ) 244 138 — 230 Equity in earnings of consolidated subsidiaries 382 — — (382 ) — Net income 230 244 138 (382 ) 230
Condensed consolidating statements of comprehensive income	Condensed Consolidating Statements of Comprehensive Income For the First Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income (loss) $ 323 $ 319 $ 231 $ (550 ) $ 323
Condensed consolidating balance sheets	Condensed Consolidating Balance Sheets As of March 31, 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 6 $ 79 $ — $ 85 Restricted cash and restricted cash equivalents 40 2 2 — 44 Trade accounts receivable, net — 600 416 — 1,016 Related party receivable 136 143 78 (357 ) — Inventories — 246 417 — 663 Prepaid expenses and other current assets 619 218 122 (605 ) 354 Total current assets 795 1,215 1,114 (962 ) 2,162 Property, plant and equipment, net — 1,340 942 — 2,282 Investments in consolidated subsidiaries 40,601 4,940 — (45,541 ) — Investments in unconsolidated affiliates — 57 115 — 172 Goodwill 50 8,374 11,653 — 20,077 Other intangible assets, net — 16,578 7,410 — 23,988 Long-term receivable, related parties 5,277 8,208 — (13,485 ) — Other non-current assets 63 251 270 — 584 Deferred tax assets — — 26 — 26 Total assets $ 46,786 $ 40,963 $ 21,530 $ (59,988 ) $ 49,291 Current liabilities: Accounts payable $ — $ 723 $ 1,835 $ — $ 2,558 Accrued expenses 167 579 216 — 962 Structured payables — 47 548 — 595 Related party payable 142 111 104 (357 ) — Short-term borrowings and current portion of long-term obligations 2,018 — — — 2,018 Other current liabilities 273 723 132 (605 ) 523 Total current liabilities 2,600 2,183 2,835 (962 ) 6,656 Long-term obligations to third parties 13,246 — — — 13,246 Long-term obligations to related parties 8,177 3,407 1,901 (13,485 ) — Deferred tax liabilities 46 4,080 1,814 — 5,940 Other non-current liabilities 43 491 241 — 775 Total liabilities 24,112 10,161 6,791 (14,447 ) 26,617 Total stockholders' equity 22,674 30,802 14,739 (45,541 ) 22,674 Total liabilities and stockholders' equity $ 46,786 $ 40,963 $ 21,530 $ (59,988 ) $ 49,291 Condensed Consolidating Balance Sheets As of December 31, 2018 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 18 $ 65 $ — $ 83 Restricted cash and restricted cash equivalents 42 3 1 — 46 Trade accounts receivable, net — 596 554 — 1,150 Related party receivable 189 71 76 (336 ) — Inventories — 226 400 — 626 Prepaid expenses and other current assets 569 110 132 (557 ) 254 Total current assets 800 1,024 1,228 (893 ) 2,159 Property, plant and equipment, net — 1,351 959 — 2,310 Investments in consolidated subsidiaries 40,119 4,882 — (45,001 ) — Investments in unconsolidated affiliates — 63 123 — 186 Goodwill 50 8,371 11,590 — 20,011 Other intangible assets, net — 16,583 7,384 — 23,967 Long-term receivable, related parties 5,503 7,827 — (13,330 ) — Other non-current assets 64 41 154 — 259 Deferred tax assets — — 26 — 26 Total assets $ 46,536 $ 40,142 $ 21,464 $ (59,224 ) $ 48,918 Current liabilities: Accounts payable $ — $ 497 $ 1,803 $ — $ 2,300 Accrued expenses 78 610 324 — 1,012 Structured payables — 47 479 — 526 Related party payable 65 106 165 (336 ) — Short-term borrowings and current portion of long-term obligations 1,458 — — — 1,458 Other current liabilities 278 626 59 (557 ) 406 Total current liabilities 1,879 1,886 2,830 (893 ) 5,702 Long-term obligations to third parties 14,201 — — — 14,201 Long-term obligations to related parties 7,827 3,369 2,134 (13,330 ) — Deferred tax liabilities 46 4,075 1,802 — 5,923 Other non-current liabilities 50 337 172 — 559 Total liabilities 24,003 9,667 6,938 (14,223 ) 26,385 Total stockholders' equity 22,533 30,475 14,526 (45,001 ) 22,533 Total liabilities and stockholders' equity $ 46,536 $ 40,142 $ 21,464 $ (59,224 ) $ 48,918
Condensed consolidating statements of cash flows	Condensed Consolidating Statements of Cash Flows For the First Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ (34 ) $ 374 $ 259 $ (8 ) $ 591 Investing activities: Collections on (issuances of) related party notes receivable 290 (373 ) (7 ) 83 (7 ) Purchases of property, plant and equipment — (21 ) (41 ) — (62 ) Return of capital from investments in consolidated subsidiaries — 16 — (16 ) — Other, net 9 (4 ) 19 — 24 Net cash provided by (used in) investing activities $ 299 $ (382 ) $ (29 ) $ 67 $ (45 ) Financing activities: Proceeds from (payments of) related party notes $ 350 $ — $ (267 ) $ (83 ) $ — Proceeds from term loan 2,000 — — — 2,000 Net Issuance of Commercial Paper 594 — — — 594 Proceeds from structured payables — — 78 — 78 Payments on structured payables — — (9 ) — (9 ) Payments on senior unsecured notes (250 ) — — — (250 ) Repayment of term loan (2,758 ) — — — (2,758 ) Payments on finance leases — (5 ) (5 ) — (10 ) Proceeds from stock options exercised 8 — — — 8 Cash dividends paid (211 ) — (24 ) 24 (211 ) Other, net — — 2 — 2 Net cash used in financing activities $ (267 ) $ (5 ) $ (225 ) $ (59 ) $ (556 ) Cash and cash equivalents — net change from: Operating, investing and financing activities $ (2 ) $ (13 ) $ 5 $ — $ (10 ) Effect of exchange rate changes on cash and cash equivalents — — 10 — 10 Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 42 31 66 — 139 Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period $ 40 $ 18 $ 81 $ — $ 139

Background and Basis of Prese_4

Background and Basis of Presentation (Details) - USD ($) $ in Millions		Jan. 01, 2019	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finance lease liability	[1]		$ 33	$ 26
Finance lease liability	[1]		$ 244	305
Adoption of new accounting standards		$ 5		$ (5)	$ (4)
Total assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of adoption of new accounting standards		314
Total liabilities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of adoption of new accounting standards		$ 319
[1]	Amounts as of December 31, 2018 include capital leases and financing obligations reported under ASC 840. Refer to Notes 1 and 3 for additional information.

Acquisitions and Investments _3

Acquisitions and Investments in Unconsolidated Affiliates - Dr Pepper Snapple Group, Inc (Details) - USD ($) $ in Millions		Jul. 09, 2018	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Dec. 31, 2018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Goodwill			$ 20,077		$ 20,077	$ 20,011
DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Cash and cash equivalents		$ 147	147		147
Investments in unconsolidated subsidiaries		90	90		90
Property, plant and equipment	[1]	1,549	1,506		1,506
Measurement period adjustments, PP&E	[1]				(43)
Other intangible assets		20,404	19,868		19,868
Measurement period adjustments, intangible assets					(536)
Long-term obligations		(4,049)	(4,049)		(4,049)
Finance leases		(214)	(205)		(205)
Measurement period adjustments, finance leases					9
Assumed liabilities, net of acquired assets	[2]	107	82		82
Measurement period adjustments, acquired assets net of assumed liabilities	[2]				(25)
Deferred tax liabilities	[3]	(4,959)	(4,977)		(4,977)
Measurement period adjustment, deferred tax liabilities	[3]				(18)
Goodwill		9,407	10,020		10,020
Measurement period adjustment, goodwill					613
Total consideration exchanged		22,482	22,482		22,482
Fair value of replacement equity awards not converted to cash		3,643	3,643		3,643
Acquisition of business		18,839	18,839		18,839
Inventory step up		131
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Other intangible assets		$ 20,404	19,868		$ 19,868
Business Acquisition, Pro Forma Information [Abstract]
Net sales				$ 2,529
Net income				$ 222
Minimum | Real Property | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Property plant and equipment useful life		1 year
Minimum | Personal Property | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Property plant and equipment useful life		1 year
Maximum | Real Property | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Property plant and equipment useful life		41 years
Maximum | Personal Property | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Property plant and equipment useful life		24 years
Brands | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Indefinite-lived Intangible assets acquired	[4]		19,357
Contractual arrangements | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Indefinite-lived Intangible assets acquired	[5]		120
Customer relationships | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Finite lived intangible assets acquired	[6]		386
Customer relationships | Minimum | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Acquired finite-lived intangible assets, weighted average useful life		10 years
Customer relationships | Maximum | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Acquired finite-lived intangible assets, weighted average useful life		40 years
Favorable leases, net | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Finite lived intangible assets acquired	[7]		$ 5
Favorable leases, net | Minimum | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Acquired finite-lived intangible assets, weighted average useful life		5 years
Favorable leases, net | Maximum | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Acquired finite-lived intangible assets, weighted average useful life		12 years
[1]	The Company preliminarily valued personal property using a combination of the market approach and the cost approach, which is based upon current replacement or reproduction cost of the asset as newly adjusted for any depreciation attributable to physical, functional and economic factors. The Company assigned personal property a useful life ranging from 1 year to 24 years. We preliminarily valued real property using the cost approach and land using the sales comparison approach. The Company assigned real property a useful life between 1 year and 41 years.
[2]	The Company used existing carrying values to value trade receivables and payables, as well as certain other current and non-current assets and liabilities, as the Company determined that they represented the fair value of those items as of the Merger Date. The Company preliminarily valued work-in-process ("WIP") and finished goods inventory using a net realizable value approach resulting in a step-up of $131 million which was recognized in the cost of goods sold for the third quarter of 2018 as the related inventory was sold during that period. Raw materials were carried at net book value.
[3]	Net deferred tax liabilities represented the expected future tax consequences of temporary differences between the fair values of the assets acquired and liabilities assumed and their tax bases. The Company used a preliminary consolidated tax rate to determine the net deferred tax liabilities. The Company will record measurement period adjustments as the Company applies the appropriate tax rate for each legal entity within DPS.
[4]	The Company preliminarily valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach.
[5]	The Company preliminarily valued contractual arrangements with bottlers and distributors utilizing the distributor method, a form of the income approach.
[6]	The Company identified two types of customer relationships, retail and food service. We preliminarily valued retail and food service customer relationships utilizing the distributor method, a form of the income approach.
[7]	The Company preliminarily valued favorable leases utilizing the income approach.

Acquisitions and Investments _4

Acquisitions and Investments in Unconsolidated Affiliates - Big Red (Details) $ in Millions	Aug. 31, 2018USD ($)
Big Red
Business Acquisition [Line Items]
Cash purchase price	$ 300

Acquisitions and Investments _5

Acquisitions and Investments in Unconsolidated Affiliates - Transaction Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Business Acquisition [Line Items]
Total transaction expenses incurred	$ 5	$ 36
DPS
Business Acquisition [Line Items]
Total transaction expenses incurred	2	36
Other Transactions [Member]
Business Acquisition [Line Items]
Total transaction expenses incurred	$ 3	$ 0

Acquisitions and Investments _6

Acquisitions and Investments in Unconsolidated Affiliates - Core Nutrition, LLC (Details) - USD ($) $ in Millions		Nov. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Mar. 31, 2019	Sep. 27, 2018
Business Combination, Consideration Transferred [Abstract]
Goodwill			$ 20,011	$ 20,077	$ 20,077
Core Merger
Business Acquisition [Line Items]
Enterprise value of acquiree						$ 525
Business Combination, Consideration Transferred [Abstract]
Cash and cash equivalents		$ 10		10	10
Other intangible assets		273		273	273
Assumed liabilities, net of acquired assets	[1]	(12)		(13)	(13)
Measurement period adjustments, acquired assets net of assumed liabilities	[1]				(1)
Goodwill		236		246	246
Measurement period adjustment, goodwill					10
Total purchase price		507		516	516
Measurement period adjustments, net					9
Company's previous ownership interest		31			31
Amount held in escrow		27			25
Measurement period adjustment, amounts held in escrow					(2)
Acquisition of business		449			460
Measurement period adjustment, acquisition of business					$ 11
Inventory step up		4
Brands | Core Merger
Business Combination, Consideration Transferred [Abstract]
Indefinite-lived Intangible assets acquired	[2]	254
Contractual arrangements | Core Merger
Business Combination, Consideration Transferred [Abstract]
Finite lived intangible assets acquired	[3]	$ 19
Acquired finite-lived intangible assets, weighted average useful life	[3]	10 years
Cost of sales | Core Merger
Business Combination, Consideration Transferred [Abstract]
Inventory step up			$ 1	$ 3
[1]	The Company preliminarily valued WIP and finished goods inventory using a net realizable value approach resulting in a step-up of $4 million, of which $1 million and $3 million was recognized in cost of goods sold in 2018 and 2019, respectively, due to the timing of the sale of the related inventory. Raw materials were carried at net book value.
[2]	The Company preliminarily valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach
[3]	The Company preliminarily valued contractual arrangements utilizing the distributor method, a form of the income approach.

Acquisitions and Investments _7

Acquisitions and Investments in Unconsolidated Affiliates - Investments In Unconsolidated Affiliates (Details) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates		$ 172	$ 186
BA Sports Nutrition LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage	[1]	15.50%
Investments in unconsolidated affiliates	[1]	$ 56	62
Bedford
Schedule of Equity Method Investments [Line Items]
Ownership percentage		30.00%
Investments in unconsolidated affiliates		$ 71	79
Dyla LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage		12.60%
Investments in unconsolidated affiliates		$ 15	15
Force Holding LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage		33.30%
Investments in unconsolidated affiliates		$ 5	6
Beverage startup companies [Member]
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates		19	19
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates		$ 6	$ 5
[1]	In 2018, BA announced that The Coca-Cola Company ("Coca-Cola") obtained a minority interest in BA and would obtain the Company's current distribution rights. As a result, KDP received a distribution from BA, which reduced the Company's investment. KDP continues to account for its interest in BA as an equity method investment at the ownership level held by the Company prior to the Coca-Cola announcement, as a revised ownership interest percentage has not been provided to the Company by BA.

Leases (Details)

Leases (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Lease, Cost [Abstract]
Operating lease cost		$ 20
Amortization of right-of-use assets		10
Interest on lease liabilities		4
Variable lease cost(1)	[1]	6
Short-term lease cost		1
Total lease cost		41
Cash Flow, Operating Activities, Lessee [Abstract]
Operating cash flows from operating leases		18
Operating cash flows from finance leases		4
Cash Flow, Financing Activities, Lessee [Abstract]
Financing cash flows from finance leases		$ 10	$ 3
Lessee, Operating Lease, Description [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent		4.60%
Operating Lease, Weighted Average Remaining Lease Term		8 years
Lessee, Finance Lease, Description [Abstract]
Finance Lease, Weighted Average Discount Rate, Percent		5.40%
Finance Lease, Weighted Average Remaining Lease Term		12 years
Operating Lease Liabilities, Payments Due [Abstract]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year		$ 53
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months		65
Lessee, Operating Lease, Liability, Payments, Due Year Two		56
Lessee, Operating Lease, Liability, Payments, Due Year Three		46
Lessee, Operating Lease, Liability, Payments, Due Year Four		39
Lessee, Operating Lease, Liability, Payments, Due Year Five		37
Lessee, Operating Lease, Liability, Payments, Due after Year Five		134
Lessee, Operating Lease, Liability, Payments, Due		430
Lessee, Operating Lease, Liability, Undiscounted Excess Amount		(74)
Operating Lease, Liability		356
Finance Lease Liabilities, Payments, Due [Abstract]
Finance Lease, Liability, Payments, Remainder of Fiscal Year		36
Finance Lease, Liability, Payments, Due Next Twelve Months		44
Finance Lease, Liability, Payments, Due Year Two		36
Finance Lease, Liability, Payments, Due Year Three		35
Finance Lease, Liability, Payments, Due Year Four		31
Finance Lease, Liability, Payments, Due Year Five		29
Finance Lease, Liability, Payments, Due after Year Five		163
Finance Lease, Liability, Payments, Due		374
Finance Lease, Liability, Undiscounted Excess Amount		(97)
Finance Lease, Liability		$ 277
Lessee, Finance Lease, Not yet Commenced, Description [Abstract]
Lease not yet commenced, term		16 years
Lease not yet commenced, renewal term		10 years
Leases not yet commenced, estimated obligation		$ 200
Operating Leases under ASC 840 [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months				$ 58
Operating Leases, Future Minimum Payments, Due in Two Years				53
Operating Leases, Future Minimum Payments, Due in Three Years				44
Operating Leases, Future Minimum Payments, Due in Four Years				34
Operating Leases, Future Minimum Payments, Due in Five Years				25
Operating Leases, Future Minimum Payments, Due Thereafter				98
Operating Leases, Future Minimum Payments Due				312
Capital Leases under ASC 840 [Abstract]
Capital Leases, Future Minimum Payments Due, Next Twelve Months				35
Capital Leases, Future Minimum Payments Due in Two Years				34
Capital Leases, Future Minimum Payments Due in Three Years				33
Capital Leases, Future Minimum Payments Due in Four Years				33
Capital Leases, Future Minimum Payments Due in Five Years				30
Capital Leases, Future Minimum Payments Due Thereafter				189
Capital Leases, Future Minimum Payments Due				354
Capital Leases, Future Minimum Payments, Interest Included in Payments				(98)
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments				256
Financing Obligations under ASC 840 [Abstract]
Financing Obligations, Future Minimum Payments, Current				10
Financing Obligations, Future Minimum Payments, Due in Two Years				10
Financing Obligations, Future Minimum Payments, Due in Three Years				10
Financing Obligations, Future Minimum Payments, Due in Four Years				10
Financing Obligations, Future Minimum Payments, Due in Five Years				10
Financing Obligations, Future Minimum Payments, Due Thereafter				62
Financing Obligations, Future Minimum Payments				112
Financing Obligations, Future Minimum Payments, Imputed Interest				(37)
Financing Obligations				$ 75
[1]	Variable lease cost primarily consists of common area maintenance costs, property taxes, and adjustments for inflation.

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	$ 20,011
Foreign currency impact	52
Acquisitions	14	[1]
Balance as of March 31, 2019	20,077
Beverage Concentrates
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	4,265
Foreign currency impact	6
Acquisitions	(10)	[1]
Balance as of March 31, 2019	4,261
Packaged Beverages
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	4,878
Foreign currency impact	14
Acquisitions	19	[1]
Balance as of March 31, 2019	4,911
Latin America Beverages
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	618
Foreign currency impact	8
Acquisitions	0	[1]
Balance as of March 31, 2019	626
Coffee Systems
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	9,725
Foreign currency impact	24
Acquisitions	0	[1]
Balance as of March 31, 2019	9,749
Corporate and Other [Member]
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	525	[2]
Foreign currency impact	0	[2]
Acquisitions	5	[1],[2]
Balance as of March 31, 2019	$ 530	[2]
[1]	Amounts represent measurement period adjustments for the DPS Merger and the Core Acquisition. Refer to Note 2 for further information.
[2]	Amounts recorded primarily for deferred tax liabilities in the preliminary purchase price allocations are recorded using a preliminary consolidated tax rate to determine the deferred tax liabilities. The Company will record measurement period adjustments as the Company applies the appropriate tax rate for each legal entity, which will enable the Company to allocate this goodwill to the applicable segment within the measurement period.

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		$ 22,371		$ 22,310
Finite-lived intangible assets, gross		1,939		1,950
Accumulated Amortization		(322)		(293)
Finite-lived intangible assets, net		1,617		1,657
Amortization expense for intangible assets with definite lives		31	$ 30
Amortization expense of intangible assets [Abstract]
Remainder of year		94
Year one		126
Year two		126
Year three		126
Year four		125
Year five		120
Acquired technology
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		1,146		1,146
Accumulated Amortization		(200)		(182)
Finite-lived intangible assets, net		946		964
Customer relationships
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		631		629
Accumulated Amortization		(77)		(67)
Finite-lived intangible assets, net		554		562
Trade Names
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		127		127
Accumulated Amortization		(43)		(40)
Finite-lived intangible assets, net		84		87
Favorable leases
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross	[1]	0		13
Accumulated Amortization	[1]	0		(3)
Finite-lived intangible assets, net	[1]	0		10
Brands
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		9		9
Accumulated Amortization		(1)		0
Finite-lived intangible assets, net		8		9
Contractual arrangements
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		26		26
Accumulated Amortization		(1)		(1)
Finite-lived intangible assets, net		25		25
Brands
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		19,770		19,712
Trade Names
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		2,479		2,479
Contractual arrangements
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		120		119
Distribution rights
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		$ 2		$ 0
[1]	Amounts recorded as favorable lease intangible assets were reclassified to operating lease right-of-use assets in connection with the adoption of ASC 842 as of January 1, 2019. Refer to Note 3 for further information regarding the adoption of ASC 842.

Restructuring and Integration_3

Restructuring and Integration Costs - Schedule of Charges Incurred (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	$ 61	$ 6
Keurig 2.0 exit | Corporate Unallocated
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	1	5
Integration program
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	60		$ 215
Integration program | Corporate Unallocated
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges		0
Other restructuring programs | Corporate Unallocated
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	$ 0	$ 1

Restructuring and Integration_4

Restructuring and Integration Costs - Restructuring Liabilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 29
Charges to expense	6
Cash payments	(24)
Non-cash adjustment items	(2)
Balance at end of period	9
Workforce Reduction Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	28
Charges to expense	6
Cash payments	(24)
Non-cash adjustment items	(1)
Balance at end of period	9
Other
Restructuring Reserve [Roll Forward]
Balance at beginning of period	1	[1]
Charges to expense	0	[1]
Cash payments	0	[1]
Non-cash adjustment items	(1)	[1]
Balance at end of period	$ 0	[1]
[1]	(1)Primarily reflects activities associated with the closure of certain facilities, excluding contract termination costs, which include any associated asset write-downs and accelerated depreciation.

Restructuring and Integration_5

Restructuring and Integration Costs - Restructuring Programs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	$ 61	$ 6
Integration program
Restructuring Cost and Reserve [Line Items]
Expected annual synergies	600
Expected cost	750		$ 750
Restructuring and integration charges	$ 60		$ 215

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate	27.00%	36.40%
U.S. federal statutory income tax rate	21.00%	24.50%
Change in enacted tax rate	21.00%	35.00%

Long-term Obligations and Bor_3

Long-term Obligations and Borrowing Arrangements - Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 13,590	$ 14,580
Long-term Debt, Current Maturities	(344)	(379)
Long-term obligations	13,246	14,201
Senior Notes
Debt Instrument [Line Items]
Long-term debt	11,778	12,019
Long-term Debt, Current Maturities	(248)	(250)
Line of Credit
Debt Instrument [Line Items]
Long-term debt	1,812	2,561
Long-term Debt, Current Maturities	(96)	(129)
KDP Term Loan | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 1,812	$ 2,561

Long-term Obligations and Bor_4

Long-term Obligations and Borrowing Arrangements - Current Debt (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Current portion of long-term debt	$ 344	$ 379
Short-term borrowings and current portion of long-term obligations	2,018	1,458
Commercial Paper
Short-term Debt [Line Items]
Short-term debt	1,674	1,079
Nonrecurring
Short-term Debt [Line Items]
Short-term borrowings and current portion of long-term obligations, fair value	2,018	1,458
Level 2 | Nonrecurring | Commercial Paper
Short-term Debt [Line Items]
Short-term debt fair value	1,674	1,079
Senior Notes
Short-term Debt [Line Items]
Current portion of long-term debt	248	250
Senior Notes | Level 2 | Nonrecurring
Short-term Debt [Line Items]
Current portion of long-term debt, fair value	248	250
Line of Credit
Short-term Debt [Line Items]
Current portion of long-term debt	96	129
Line of Credit | Level 2 | Nonrecurring
Short-term Debt [Line Items]
Current portion of long-term debt, fair value	$ 96	$ 129

Long-term Obligations and Bor_5

Long-term Obligations and Borrowing Arrangements - Senior Unsecured Notes (Details) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt		$ 13,590	$ 14,580
Senior Notes
Debt Instrument [Line Items]
Long term debt, carrying value		11,975	12,225
Unamortized discounts and debt issuance costs		(197)	(206)
Long-term debt		$ 11,778	12,019
Senior Notes | 2019 Notes(1)
Debt Instrument [Line Items]
Interest rate		2.60%
Long term debt, carrying value	[1]	$ 0	250
Senior Notes | 2020 Notes
Debt Instrument [Line Items]
Interest rate		2.00%
Long term debt, carrying value		$ 250	250
Senior Notes | 2021 Merger Notes
Debt Instrument [Line Items]
Interest rate		3.551%
Long term debt, carrying value		$ 1,750	1,750
Senior Notes | 2021-A Notes
Debt Instrument [Line Items]
Interest rate		3.20%
Long term debt, carrying value		$ 250	250
Senior Notes | 2021-B Notes
Debt Instrument [Line Items]
Interest rate		2.53%
Long term debt, carrying value		$ 250	250
Senior Notes | 2022 Notes
Debt Instrument [Line Items]
Interest rate		2.70%
Long term debt, carrying value		$ 250	250
Senior Notes | 2023 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.057%
Long term debt, carrying value		$ 2,000	2,000
Senior Notes | 2023 Notes
Debt Instrument [Line Items]
Interest rate		3.13%
Long term debt, carrying value		$ 500	500
Senior Notes | 2025 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.417%
Long term debt, carrying value		$ 1,000	1,000
Senior Notes | 2025 Notes
Debt Instrument [Line Items]
Interest rate		3.40%
Long term debt, carrying value		$ 500	500
Senior Notes | 2026 Notes
Debt Instrument [Line Items]
Interest rate		2.55%
Long term debt, carrying value		$ 400	400
Senior Notes | 2027 Notes
Debt Instrument [Line Items]
Interest rate		3.43%
Long term debt, carrying value		$ 500	500
Senior Notes | 2028 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.597%
Long term debt, carrying value		$ 2,000	2,000
Senior Notes | 2038 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.985%
Long term debt, carrying value		$ 500	500
Senior Notes | 2038 Notes
Debt Instrument [Line Items]
Interest rate		7.45%
Long term debt, carrying value		$ 125	125
Senior Notes | 2045 Notes
Debt Instrument [Line Items]
Interest rate		4.50%
Long term debt, carrying value		$ 550	550
Senior Notes | 2046 Notes
Debt Instrument [Line Items]
Interest rate		4.42%
Long term debt, carrying value		$ 400	400
Senior Notes | 2048 Merger Notes
Debt Instrument [Line Items]
Interest rate		5.085%
Long term debt, carrying value		$ 750	750
Level 2 | Nonrecurring | Senior Notes
Debt Instrument [Line Items]
Long-term debt, fair value		12,066	11,841
Level 2 | Nonrecurring | Senior Notes | 2019 Notes(1)
Debt Instrument [Line Items]
Long-term debt, fair value	[1]	0	250
Level 2 | Nonrecurring | Senior Notes | 2020 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		248	245
Level 2 | Nonrecurring | Senior Notes | 2021 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		1,769	1,742
Level 2 | Nonrecurring | Senior Notes | 2021-A Notes
Debt Instrument [Line Items]
Long-term debt, fair value		251	244
Level 2 | Nonrecurring | Senior Notes | 2021-B Notes
Debt Instrument [Line Items]
Long-term debt, fair value		246	240
Level 2 | Nonrecurring | Senior Notes | 2022 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		243	237
Level 2 | Nonrecurring | Senior Notes | 2023 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		2,058	1,988
Level 2 | Nonrecurring | Senior Notes | 2023 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		496	474
Level 2 | Nonrecurring | Senior Notes | 2025 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		1,037	999
Level 2 | Nonrecurring | Senior Notes | 2025 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		488	467
Level 2 | Nonrecurring | Senior Notes | 2026 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		364	346
Level 2 | Nonrecurring | Senior Notes | 2027 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		479	458
Level 2 | Nonrecurring | Senior Notes | 2028 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		2,082	1,981
Level 2 | Nonrecurring | Senior Notes | 2038 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		508	483
Level 2 | Nonrecurring | Senior Notes | 2038 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		160	151
Level 2 | Nonrecurring | Senior Notes | 2045 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		509	478
Level 2 | Nonrecurring | Senior Notes | 2046 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		365	342
Level 2 | Nonrecurring | Senior Notes | 2048 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		$ 763	$ 716
[1]	(1)On January 15, 2019, the Company repaid the 2019 Notes at maturity, using Commercial Paper.

Long-term Obligations and Bor_6

Long-term Obligations and Borrowing Arrangements - Borrowing Arrangements (Details) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt		$ 13,590	$ 14,580
Line of Credit
Debt Instrument [Line Items]
Long term debt, carrying value		1,825	2,583
Unamortized discounts and debt issuance costs		(13)	(22)
Long-term debt		1,812	2,561
Old Term Loan [Member] | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long term debt, carrying value	[1]	0	2,583
KDP Term Loan | Line of Credit
Debt Instrument [Line Items]
Long-term debt		1,812	2,561
KDP Term Loan | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long term debt, carrying value	[2]	1,825	0
Revolving Credit Facility | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long term debt, carrying value		0	0
Level 2 | Line of Credit
Debt Instrument [Line Items]
Long-term debt, fair value		1,825	2,583
Level 2 | Old Term Loan [Member] | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long-term debt, fair value	[1]	0	2,583
Level 2 | KDP Term Loan | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long-term debt, fair value	[2]	1,825	0
Level 2 | Revolving Credit Facility | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long-term debt, fair value		$ 0	$ 0
[1]	(1)During January 2019, the Company borrowed $583 million of Commercial Paper to prepay a portion of its outstanding obligations under the KDP Term Loan, all of which was a voluntary prepayment. As a result of these voluntary prepayments, the Company recorded approximately $5 million of loss on early extinguishment during the first quarter of 2019.
[2]	(2)On February 28, 2019, the Company borrowed $150 million of Commercial Paper to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which was a voluntary prepayment. As a result, the Company recorded approximately $1 million of loss on early extinguishment during the first quarter of 2019.

Long-term Obligations and Bor_7

Long-term Obligations and Borrowing Arrangements - Commercial Paper Program (Details) - Commercial Paper - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2018	Dec. 31, 2018	Mar. 31, 2019
Short-term Debt [Line Items]
Average outstanding amount	$ 0	$ 1,748
Weighted average interest rate over time	0.00%	2.90%
Short-term debt		$ 1,079	$ 1,674

Long-term Obligations and Bor_8

Long-term Obligations and Borrowing Arrangements - KDP Revolving Credit Facilities and Term Loan (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Feb. 08, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Gain (Loss) on Extinguishment of Debt		$ (9)	$ (2)
KDP Term Loan
Line of Credit Facility [Line Items]
Voluntary Prepayment of KDP Term Loan		150
Old Term Loan [Member]
Line of Credit Facility [Line Items]
Voluntary Prepayment of KDP Term Loan		$ 583
KDP Credit Agreement | Minimum | LIBOR | KDP Term Loan
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.75%
KDP Credit Agreement | Minimum | Base Rate | KDP Term Loan
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.00%
KDP Credit Agreement | Maximum | LIBOR | KDP Term Loan
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.25%
KDP Credit Agreement | Maximum | Base Rate | KDP Term Loan
Line of Credit Facility [Line Items]
Basis spread on variable rate		0.25%
Line of Credit
Line of Credit Facility [Line Items]
Long term debt, carrying value		$ 1,825			$ 2,583
Line of Credit | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		100
Letters of credit outstanding		48
Remaining borrowing capacity		52
Line of Credit | KDP Credit Agreement | KDP Term Loan
Line of Credit Facility [Line Items]
Long term debt, carrying value	[1]	$ 1,825			0
Face amount				$ 2,000
Redemption percentage		1.25%
Debt Instrument, Annual Principal Payment		$ 100
Line of Credit | KDP Credit Agreement | Revolving Credit Facility
Line of Credit Facility [Line Items]
Long term debt, carrying value		0			0
Line of credit outstanding		0
Remaining borrowing capacity		2,400
Line of Credit | KDP Credit Agreement | Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit outstanding		0
Remaining borrowing capacity		200
Line of Credit | KDP Credit Agreement | Old Term Loan [Member]
Line of Credit Facility [Line Items]
Long term debt, carrying value	[2]	0			$ 2,583
Term Loan Refinance [Member] | Line of Credit | KDP Credit Agreement | KDP Term Loan
Line of Credit Facility [Line Items]
Gain (Loss) on Extinguishment of Debt		3
Voluntary Prepayments [Member] | Line of Credit | KDP Credit Agreement | KDP Term Loan
Line of Credit Facility [Line Items]
Gain (Loss) on Extinguishment of Debt		1
Voluntary Prepayments [Member] | Line of Credit | KDP Credit Agreement | Old Term Loan [Member]
Line of Credit Facility [Line Items]
Gain (Loss) on Extinguishment of Debt		$ 5
[1]	(2)On February 28, 2019, the Company borrowed $150 million of Commercial Paper to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which was a voluntary prepayment. As a result, the Company recorded approximately $1 million of loss on early extinguishment during the first quarter of 2019.
[2]	(1)During January 2019, the Company borrowed $583 million of Commercial Paper to prepay a portion of its outstanding obligations under the KDP Term Loan, all of which was a voluntary prepayment. As a result of these voluntary prepayments, the Company recorded approximately $5 million of loss on early extinguishment during the first quarter of 2019.

Long-term Obligations and Bor_9

Long-term Obligations and Borrowing Arrangements - Letter of Credit Facilities (Details) - Line of Credit - Letter of Credit $ in Millions	Mar. 31, 2019USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 100
Letters of credit outstanding	48
Remaining borrowing capacity	$ 52

Derivatives - Notional and Matu

Derivatives - Notional and Maturity Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Dec. 31, 2018
Receive-Fixed, Pay-Variable Interest Rate Swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount		$ 970	$ 1,070
Receive-Variable Pay-Fixed Interest Rate Swaps
Derivative [Line Items]
Notional amount terminated early during the period		900
Cash received from early termination of derivatives		27
Receive-Variable Pay-Fixed Interest Rate Swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	[1]	$ 1,075	2,125
Interest Rate Contract | Minimum
Derivative [Line Items]
Derivative maturity range		10 months
Interest Rate Contract | Maximum
Derivative [Line Items]
Derivative maturity range		20 years
Foreign Exchange Forward | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount		$ 386	348
Foreign Exchange Forward | Minimum
Derivative [Line Items]
Derivative maturity range		1 month
Foreign Exchange Forward | Maximum
Derivative [Line Items]
Derivative maturity range		6 years
Commodity Contract | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount		$ 302	$ 296
Commodity Contract | Minimum
Derivative [Line Items]
Derivative maturity range		1 month
Commodity Contract | Maximum
Derivative [Line Items]
Derivative maturity range		6 years
[1]	During the three months ended March 31, 2019, the Company elected to terminate $900 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $27 million.

Derivatives - Fair Value (Detai

Derivatives - Fair Value (Details) - Recurring - Level 2 - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Interest Rate Contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	$ 5	$ 7
Interest Rate Contract | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	4	2
Interest Rate Contract | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	40	77
Interest Rate Contract | Not Designated as Hedging Instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	3	6
Foreign Exchange Forward | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	2	4
Foreign Exchange Forward | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	9	15
Commodity Contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	37	27
Commodity Contract | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	14	3
Commodity Contract | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	5	3
Commodity Contract | Not Designated as Hedging Instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	$ 9	$ 10

Derivatives - Impact on Net Inc

Derivatives - Impact on Net Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	$ 11	$ (28)
Commodity Contract | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	15	2
Commodity Contract | SG&A expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	(14)
Interest Rate Contract | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	2	(24)
Foreign Exchange Forward | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	2
Foreign Exchange Forward | Other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	$ 6	$ (6)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Basic EPS:
Net income attributable to KDP	$ 230	$ 88
Weighted average common shares outstanding (in shares)	1,406.3	790.5
Earnings per common share - basic (in dollars per share)	$ 0.16	$ 0.11
Diluted EPS:
Net income attributable to KDP	$ 230	$ 88
Impact of dilutive securities in Maple Parent Corporation	0	1
Total	$ 230	$ 87
Weighted average common shares outstanding (in shares)	1,406.3	790.5
Effect of dilutive securities:
Weighted average common shares outstanding and common stock equivalents (in shares)	1,417.7	790.5
Earnings per common share - diluted (in dollars per share)	$ 0.16	$ 0.11
Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation (in shares)	0	0
Stock options
Effect of dilutive securities:
Effect of dilutive securities (in shares)	0.8	0
RSUs
Effect of dilutive securities:
Effect of dilutive securities (in shares)	10.6	0

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
Total stock-based compensation expense	$ 14	$ 11
Income tax benefit recognized in the Statements of Income	(3)	(3)
Stock-based compensation expense, net of tax	$ 11	$ 8
RSUs
RSUs
Outstanding as of beginning of the period (in shares)	18,625,898
Granted (in shares)	4,834,604
Vested and released (in shares)	(4,137)
Forfeited (in shares)	(839,706)
Outstanding as of end of the period (in shares)	22,616,659
Unrecognized compensation costs related to nonvested awards	$ 312
Weighted average recognition period of unrecognized compensation costs	4 years 47 days
Weighted Average Grant Date Fair Value
Outstanding as of the beginning of the period (in dollars per share)	$ 15.68
Granted (in dollars per share)	26.05
Vested and released (in dollars per share)	24.13
Forfeited (in dollars per share)	18.48
Outstanding as of the end of the period (in dollars per share)	$ 17.79
Weighted Average Remaining Contractual Term (Years)
Outstanding	4 years 47 days		3 years 197 days
Aggregate Intrinsic Value (in millions)
Outstanding as of the beginning of the period	$ 478
Vested and released	0
Outstanding as of the end of the period	$ 633

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	$ 22,533	$ 7,398
Net current period other comprehensive income	93	(24)
Total equity at end of period	22,674	7,434
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(130)	99
Other comprehensive income	93
Net current period other comprehensive income	93	(24)
Total equity at end of period	(37)	$ 75
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(126)
Other comprehensive income	93
Total equity at end of period	(33)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(4)
Other comprehensive income	0
Total equity at end of period	$ (4)

Other Financial Information (De

Other Financial Information (Details) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials		$ 218	$ 204
Work in process		7	7
Finished goods		438	415
Total inventories		663	626
Prepaid expenses and other current assets:
Other receivables		48	51
Customer incentive programs		94	12
Derivative instruments		20	9
Prepaid marketing		47	29
Spare parts		44	43
Assets held for sale		7	8
Income tax receivable		14	22
Other		80	80
Prepaid expenses and other current assets		354	254
Other non-current assets:
Customer incentive programs		31	34
Marketable securities - trading	[1]	39	44
Operating lease right-of-use assets	[2]	361	0
Derivative instruments		54	95
Equity securities without readily determinable fair values		1	1
Non-current restricted cash and restricted cash equivalents		10	10
Related party notes receivable	[3]	24	17
Other		64	58
Total other non-current assets		584	259
Accrued expenses:
Customer rebates & incentives		360	342
Accrued compensation		114	214
Insurance reserve		42	37
Interest accrual		167	77
Accrued professional fees		33	113
Other accrued expenses		246	229
Total accrued expenses		962	1,012
Other current liabilities:
Dividends payable		211	209
Income taxes payable		114	60
Operating lease liability	[4]	55	0
Finance lease liability	[5]	33	26
Derivative instruments		42	34
Holdback liabilities		42	44
Other		26	33
Total other current liabilities		523	406
Other non-current liabilities:
Long-term pension and postretirement liability		29	30
Insurance reserves		59	57
Operating lease liability	[4]	301	0
Finance lease liability	[5]	244	305
Derivative instruments		12	16
Deferred compensation liability		39	44
Other		91	107
Other non-current liabilities		775	559
Suppliers Utilizing Third Party Services
Other Financial Information [Line Items]
Accounts payable		$ 1,898	$ 1,676
[1]	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 value of marketable securities was $39 million and $44 million as of March 31, 2019 and December 31, 2018, respectively.
[2]	Refer to Note 3 for additional information.
[3]	Refer to Note 15 for additional information.
[4]	Refer to Note 3 for additional information.
[5]	Amounts as of December 31, 2018 include capital leases and financing obligations reported under ASC 840. Refer to Notes 1 and 3 for additional information.

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Reconciliation of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Details) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		$ 85	$ 83
Restricted cash and restricted cash equivalents	[1]	44	46
Non-current restricted cash and restricted cash equivalents included in Other non-current assets		10	10
Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows		139	139	$ 122	$ 95
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		85	83
Restricted cash and restricted cash equivalents	[1]	44	46
Non-current restricted cash and restricted cash equivalents included in Other non-current assets		10	10
Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows		$ 139	$ 139
[1]	Restricted cash and cash equivalents represent amounts held in escrow in connection with the Big Red Acquisition and the Core Acquisition.

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Supplemental cash flow disclosures:
Measurement period adjustment of Core purchase price	$ (11)	$ 0
Capital expenditures included in accounts payable and accrued expenses	154	22
Dividends declared but not yet paid	211		$ 0
Capital Lease Obligations Incurred	7	0
Cash paid for interest	64	23
Cash paid for related party interest	0	25
Cash paid for income taxes	$ 25	$ 67

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	May 09, 2011defendant
Proposition 65 Litigation
Loss Contingencies [Line Items]
Number of co-defendants	100

Related Parties (Details)

Related Parties (Details) - Bedford - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Outstanding receivables, related party	$ 24	$ 17
Line of Credit Agreement
Related Party Transaction [Line Items]
Line of credit receivable, maximum borrowing capacity	$ 51
Line of credit receivable, interest rate	8.10%

Segments - Schedules of Results

Segments - Schedules of Results (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	4
Segment Results – Income from operations
Net sales	$ 2,504	$ 948
Income from operations	498	178
Beverage Concentrates
Segment Results – Income from operations
Net sales	304	0
Packaged Beverages
Segment Results – Income from operations
Net sales	1,116	0
Latin America Beverages
Segment Results – Income from operations
Net sales	116	0
Coffee Systems
Segment Results – Income from operations
Net sales	968	948
Operating Segments
Segment Results – Income from operations
Income from operations	654	254
Operating Segments | Beverage Concentrates
Segment Results – Income from operations
Income from operations	201	0
Operating Segments | Packaged Beverages
Segment Results – Income from operations
Income from operations	149	0
Operating Segments | Latin America Beverages
Segment Results – Income from operations
Income from operations	11	0
Operating Segments | Coffee Systems
Segment Results – Income from operations
Income from operations	293	254
Corporate Unallocated
Segment Results – Income from operations
Income from operations	$ 156	$ 76

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net sales		$ 2,504	$ 948
CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	900	0
NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	539	0
Pods
Disaggregation of Revenue [Line Items]
Net sales	[2]	793	794
Appliances
Disaggregation of Revenue [Line Items]
Net sales		123	101
Other
Disaggregation of Revenue [Line Items]
Net sales		149	53
Beverage Concentrates
Disaggregation of Revenue [Line Items]
Net sales		304	0
Beverage Concentrates | CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	298	0
Beverage Concentrates | NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	2	0
Beverage Concentrates | Pods
Disaggregation of Revenue [Line Items]
Net sales	[2]	0	0
Beverage Concentrates | Appliances
Disaggregation of Revenue [Line Items]
Net sales		0	0
Beverage Concentrates | Other
Disaggregation of Revenue [Line Items]
Net sales		4	0
Packaged Beverages
Disaggregation of Revenue [Line Items]
Net sales		1,116	0
Packaged Beverages | CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	522	0
Packaged Beverages | NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	501	0
Packaged Beverages | Pods
Disaggregation of Revenue [Line Items]
Net sales	[2]	0	0
Packaged Beverages | Appliances
Disaggregation of Revenue [Line Items]
Net sales		0	0
Packaged Beverages | Other
Disaggregation of Revenue [Line Items]
Net sales		93	0
Latin America Beverages
Disaggregation of Revenue [Line Items]
Net sales		116	0
Latin America Beverages | CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	80	0
Latin America Beverages | NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	36	0
Latin America Beverages | Pods
Disaggregation of Revenue [Line Items]
Net sales	[2]	0	0
Latin America Beverages | Appliances
Disaggregation of Revenue [Line Items]
Net sales		0	0
Latin America Beverages | Other
Disaggregation of Revenue [Line Items]
Net sales		0	0
Coffee Systems
Disaggregation of Revenue [Line Items]
Net sales		968	948
Coffee Systems | CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	0	0
Coffee Systems | NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	0	0
Coffee Systems | Pods
Disaggregation of Revenue [Line Items]
Net sales	[2]	793	794
Coffee Systems | Appliances
Disaggregation of Revenue [Line Items]
Net sales		123	101
Coffee Systems | Other
Disaggregation of Revenue [Line Items]
Net sales		$ 52	$ 53
[1]	(1) Represents net sales of owned and Allied Brands within our portfolio.
[2]	(2)Represents net sales from owned brands, partner brands and private label owners. Net sales for partner brands and private label owners are contractual and long term in nature.

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Information Income Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Income Statements, Captions [Line Items]
Net sales	$ 2,504	$ 948
Cost of sales	1,106	467
Gross profit	1,398	481
Selling, general and administrative expenses	911	300
Other operating (income) expense, net	(11)	3
Income from operations	498	178
Interest expense	169
Interest expense - related party	0	25
Loss on early extinguishment of debt	9	2
Other expense, net	5	13
Income before provision for income taxes	315	140
Provision for income taxes	85	51
Income before equity in earnings of consolidated subsidiaries	230
Equity in earnings of consolidated subsidiaries	0
Net income	230	89
Less: Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards	0	1
Net income attributable to KDP	230	$ 88
Reportable Legal Entities | Parent
Condensed Income Statements, Captions [Line Items]
Net sales	0
Cost of sales	0
Gross profit	0
Selling, general and administrative expenses	4
Other operating (income) expense, net	0
Income from operations	(4)
Interest expense	200
Interest expense - related party	0
Loss on early extinguishment of debt	9
Other expense, net	(12)
Income before provision for income taxes	(201)
Provision for income taxes	(49)
Income before equity in earnings of consolidated subsidiaries	(152)
Equity in earnings of consolidated subsidiaries	382
Net income	230
Reportable Legal Entities | Guarantors
Condensed Income Statements, Captions [Line Items]
Net sales	1,410
Cost of sales	571
Gross profit	839
Selling, general and administrative expenses	562
Other operating (income) expense, net	(10)
Income from operations	287
Interest expense	4
Interest expense - related party	0
Loss on early extinguishment of debt	0
Other expense, net	(45)
Income before provision for income taxes	328
Provision for income taxes	84
Income before equity in earnings of consolidated subsidiaries	244
Equity in earnings of consolidated subsidiaries	0
Net income	244
Reportable Legal Entities | Non-Guarantors
Condensed Income Statements, Captions [Line Items]
Net sales	1,138
Cost of sales	579
Gross profit	559
Selling, general and administrative expenses	345
Other operating (income) expense, net	(1)
Income from operations	215
Interest expense	29
Interest expense - related party	0
Loss on early extinguishment of debt	0
Other expense, net	(2)
Income before provision for income taxes	188
Provision for income taxes	50
Income before equity in earnings of consolidated subsidiaries	138
Equity in earnings of consolidated subsidiaries	0
Net income	138
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	(44)
Cost of sales	(44)
Gross profit	0
Selling, general and administrative expenses	0
Other operating (income) expense, net	0
Income from operations	0
Interest expense	(64)
Interest expense - related party	0
Loss on early extinguishment of debt	0
Other expense, net	64
Income before provision for income taxes	0
Provision for income taxes	0
Income before equity in earnings of consolidated subsidiaries	0
Equity in earnings of consolidated subsidiaries	(382)
Net income	$ (382)

Guarantor and Non-Guarantor F_4

Guarantor and Non-Guarantor Financial Information Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Statement of Income Captions [Line Items]
Comprehensive income	$ 323	$ 64
Reportable Legal Entities | Parent
Condensed Statement of Income Captions [Line Items]
Comprehensive income	323
Reportable Legal Entities | Guarantors
Condensed Statement of Income Captions [Line Items]
Comprehensive income	319
Reportable Legal Entities | Non-Guarantors
Condensed Statement of Income Captions [Line Items]
Comprehensive income	231
Eliminations
Condensed Statement of Income Captions [Line Items]
Comprehensive income	$ (550)

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Information Balance Sheets (Details) - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents		$ 85	$ 83
Restricted cash and restricted cash equivalents	[1]	44	46
Trade accounts receivable, net		1,016	1,150
Related party receivable		0	0
Inventories		663	626
Prepaid expenses and other current assets		354	254
Total current assets		2,162	2,159
Property, plant and equipment, net		2,282	2,310
Investments in consolidated subsidiaries		0	0
Investments in unconsolidated affiliates		172	186
Goodwill		20,077	20,011
Other intangible assets, net		23,988	23,967
Long-term receivable, related parties		0	0
Other non-current assets		584	259
Deferred tax assets		26	26
Total assets		49,291	48,918
Current liabilities:
Accounts payable		2,558	2,300
Accrued expenses		962	1,012
Structured payables		595	526
Related party payable		0	0
Short-term borrowings and current portion of long-term obligations		2,018	1,458
Other current liabilities		523	406
Total current liabilities		6,656	5,702
Long-term obligations		13,246	14,201
Long-term obligations, related party		0	0
Deferred tax liabilities		5,940	5,923
Other non-current liabilities		775	559
Total liabilities		26,617	26,385
Total stockholders' equity		22,674	22,533	$ 7,434	$ 7,398
Total liabilities and stockholders' equity		49,291	48,918
Reportable Legal Entities | Parent
Current assets:
Cash and cash equivalents		0	0
Restricted cash and restricted cash equivalents		40	42
Trade accounts receivable, net		0	0
Related party receivable		136	189
Inventories		0	0
Prepaid expenses and other current assets		619	569
Total current assets		795	800
Property, plant and equipment, net		0	0
Investments in consolidated subsidiaries		40,601	40,119
Investments in unconsolidated affiliates		0	0
Goodwill		50	50
Other intangible assets, net		0	0
Long-term receivable, related parties		5,277	5,503
Other non-current assets		63	64
Deferred tax assets		0	0
Total assets		46,786	46,536
Current liabilities:
Accounts payable		0	0
Accrued expenses		167	78
Structured payables		0	0
Related party payable		142	65
Short-term borrowings and current portion of long-term obligations		2,018	1,458
Other current liabilities		273	278
Total current liabilities		2,600	1,879
Long-term obligations		13,246	14,201
Long-term obligations, related party		8,177	7,827
Deferred tax liabilities		46	46
Other non-current liabilities		43	50
Total liabilities		24,112	24,003
Total stockholders' equity		22,674	22,533
Total liabilities and stockholders' equity		46,786	46,536
Reportable Legal Entities | Guarantors
Current assets:
Cash and cash equivalents		6	18
Restricted cash and restricted cash equivalents		2	3
Trade accounts receivable, net		600	596
Related party receivable		143	71
Inventories		246	226
Prepaid expenses and other current assets		218	110
Total current assets		1,215	1,024
Property, plant and equipment, net		1,340	1,351
Investments in consolidated subsidiaries		4,940	4,882
Investments in unconsolidated affiliates		57	63
Goodwill		8,374	8,371
Other intangible assets, net		16,578	16,583
Long-term receivable, related parties		8,208	7,827
Other non-current assets		251	41
Deferred tax assets		0	0
Total assets		40,963	40,142
Current liabilities:
Accounts payable		723	497
Accrued expenses		579	610
Structured payables		47	47
Related party payable		111	106
Short-term borrowings and current portion of long-term obligations		0	0
Other current liabilities		723	626
Total current liabilities		2,183	1,886
Long-term obligations		0	0
Long-term obligations, related party		3,407	3,369
Deferred tax liabilities		4,080	4,075
Other non-current liabilities		491	337
Total liabilities		10,161	9,667
Total stockholders' equity		30,802	30,475
Total liabilities and stockholders' equity		40,963	40,142
Reportable Legal Entities | Non-Guarantors
Current assets:
Cash and cash equivalents		79	65
Restricted cash and restricted cash equivalents		2	1
Trade accounts receivable, net		416	554
Related party receivable		78	76
Inventories		417	400
Prepaid expenses and other current assets		122	132
Total current assets		1,114	1,228
Property, plant and equipment, net		942	959
Investments in consolidated subsidiaries		0	0
Investments in unconsolidated affiliates		115	123
Goodwill		11,653	11,590
Other intangible assets, net		7,410	7,384
Long-term receivable, related parties		0	0
Other non-current assets		270	154
Deferred tax assets		26	26
Total assets		21,530	21,464
Current liabilities:
Accounts payable		1,835	1,803
Accrued expenses		216	324
Structured payables		548	479
Related party payable		104	165
Short-term borrowings and current portion of long-term obligations		0	0
Other current liabilities		132	59
Total current liabilities		2,835	2,830
Long-term obligations		0	0
Long-term obligations, related party		1,901	2,134
Deferred tax liabilities		1,814	1,802
Other non-current liabilities		241	172
Total liabilities		6,791	6,938
Total stockholders' equity		14,739	14,526
Total liabilities and stockholders' equity		21,530	21,464
Eliminations
Current assets:
Cash and cash equivalents		0	0
Restricted cash and restricted cash equivalents		0	0
Trade accounts receivable, net		0	0
Related party receivable		(357)	(336)
Inventories		0	0
Prepaid expenses and other current assets		(605)	(557)
Total current assets		(962)	(893)
Property, plant and equipment, net		0	0
Investments in consolidated subsidiaries		(45,541)	(45,001)
Investments in unconsolidated affiliates		0	0
Goodwill		0	0
Other intangible assets, net		0	0
Long-term receivable, related parties		(13,485)	(13,330)
Other non-current assets		0	0
Deferred tax assets		0	0
Total assets		(59,988)	(59,224)
Current liabilities:
Accounts payable		0	0
Accrued expenses		0	0
Structured payables		0	0
Related party payable		(357)	(336)
Short-term borrowings and current portion of long-term obligations		0	0
Other current liabilities		(605)	(557)
Total current liabilities		(962)	(893)
Long-term obligations		0	0
Long-term obligations, related party		(13,485)	(13,330)
Deferred tax liabilities		0	0
Other non-current liabilities		0	0
Total liabilities		(14,447)	(14,223)
Total stockholders' equity		(45,541)	(45,001)
Total liabilities and stockholders' equity		$ (59,988)	$ (59,224)
[1]	Restricted cash and cash equivalents represent amounts held in escrow in connection with the Big Red Acquisition and the Core Acquisition.

Guarantor and Non-Guarantor F_6

Guarantor and Non-Guarantor Financial Information Cash Flow Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Net cash provided by operating activities	$ 591	$ 267
Investing activities:
Issuance of related party note receivable	(7)	0
Purchases of property, plant and equipment	(62)	(20)
Return of capital from investments in consolidated subsidiaries	0
Other, net	24	(6)
Net cash used in investing activities	(45)	(26)
Financing activities:
Proceeds from (payments of) related party notes	0
Proceeds from term loan	2,000	0
Net issuance of Commercial Paper	594	0
Payments on finance leases	(10)
Repayment of term loan	(2,758)	(200)
Proceeds from stock options exercised	8	0
Cash dividends paid	(211)	(11)
Proceeds from structured payables	78	0
Payments on Structured Payables	(9)	0
Repayments of Senior Debt	(250)	0
Other, net	2	(1)
Net cash used in financing activities	(556)	(215)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	(10)	26
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	10	1
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	139	95
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	139	$ 122
Reportable Legal Entities | Parent
Operating activities:
Net cash provided by operating activities	(34)
Investing activities:
Issuance of related party note receivable	290
Purchases of property, plant and equipment	0
Return of capital from investments in consolidated subsidiaries	0
Other, net	9
Net cash used in investing activities	299
Financing activities:
Proceeds from (payments of) related party notes	350
Proceeds from term loan	2,000
Net issuance of Commercial Paper	594
Payments on finance leases	0
Repayment of term loan	(2,758)
Proceeds from stock options exercised	8
Cash dividends paid	(211)
Proceeds from structured payables	0
Payments on Structured Payables	0
Repayments of Senior Debt	(250)
Other, net	0
Net cash used in financing activities	(267)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	(2)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	0
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	42
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	40
Reportable Legal Entities | Guarantors
Operating activities:
Net cash provided by operating activities	374
Investing activities:
Issuance of related party note receivable	(373)
Purchases of property, plant and equipment	(21)
Return of capital from investments in consolidated subsidiaries	16
Other, net	(4)
Net cash used in investing activities	(382)
Financing activities:
Proceeds from (payments of) related party notes	0
Proceeds from term loan	0
Net issuance of Commercial Paper	0
Payments on finance leases	(5)
Repayment of term loan	0
Proceeds from stock options exercised	0
Cash dividends paid	0
Proceeds from structured payables	0
Payments on Structured Payables	0
Repayments of Senior Debt	0
Other, net	0
Net cash used in financing activities	(5)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	(13)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	0
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	31
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	18
Reportable Legal Entities | Non-Guarantors
Operating activities:
Net cash provided by operating activities	259
Investing activities:
Issuance of related party note receivable	(7)
Purchases of property, plant and equipment	(41)
Return of capital from investments in consolidated subsidiaries	0
Other, net	19
Net cash used in investing activities	(29)
Financing activities:
Proceeds from (payments of) related party notes	(267)
Proceeds from term loan	0
Net issuance of Commercial Paper	0
Payments on finance leases	(5)
Repayment of term loan	0
Proceeds from stock options exercised	0
Cash dividends paid	(24)
Proceeds from structured payables	78
Payments on Structured Payables	(9)
Repayments of Senior Debt	0
Other, net	2
Net cash used in financing activities	(225)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	5
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	10
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	66
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	81
Eliminations
Operating activities:
Net cash provided by operating activities	(8)
Investing activities:
Issuance of related party note receivable	83
Purchases of property, plant and equipment	0
Return of capital from investments in consolidated subsidiaries	(16)
Other, net	0
Net cash used in investing activities	67
Financing activities:
Proceeds from (payments of) related party notes	(83)
Proceeds from term loan	0
Net issuance of Commercial Paper	0
Payments on finance leases	0
Repayment of term loan	0
Proceeds from stock options exercised	0
Cash dividends paid	24
Proceeds from structured payables	0
Payments on Structured Payables	0
Repayments of Senior Debt	0
Other, net	0
Net cash used in financing activities	(59)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	0
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	0
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	0
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$ 0