Keurig Dr Pepper (KDP) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 06, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2019
Entity File Number	001-33829
Entity Registrant Name	Keurig Dr Pepper Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-0517725
Entity Address, Address Line One	53 South Avenue
Entity Address, City or Town	Burlington,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01803
City Area Code	(802)
Local Phone Number	244-5621
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock
Security Exchange Name	NYSE
Trading Symbol	KDP
Entity Common Stock, Shares Outstanding		1,406,735,468
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001418135

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net sales	$ 2,812	$ 949	$ 5,316	$ 1,897
Cost of sales	1,186	458	2,292	925
Gross profit	1,626	491	3,024	972
Selling, general and administrative expenses	1,028	321	1,939	621
Other operating expense, net	11	3	0	6
Income from operations	587	167	1,085	345
Interest expense	170	51	339	49
Interest expense - related party	0	26	0	51
Loss on early extinguishment of debt	0	0	9	2
Other expense (income), net	1	(8)	6	5
Income before provision for income taxes	416	98	731	238
Provision for income taxes	102	13	187	64
Net income	314	85	544	174
Less: Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards	0	2	0	3
Net income attributable to KDP	$ 314	$ 83	$ 544	$ 171
Earnings per common share:
Basic (in dollars per share)	$ 0.22	$ 0.10	$ 0.39	$ 0.21
Diluted (in dollars per share)	$ 0.22	$ 0.10	$ 0.38	$ 0.21
Weighted average common shares outstanding:
Basic (in shares)	1,406.7	790.5	1,406.5	790.5
Diluted (in shares)	1,419.2	790.5	1,418.5	790.5

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Comprehensive income	$ 402	$ 66	$ 725	$ 130

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents		$ 106	$ 83
Restricted cash and restricted cash equivalents	[1]	44	46
Trade accounts receivable, net		1,068	1,150
Inventories		686	626
Prepaid expenses and other current assets		317	254
Total current assets		2,221	2,159
Property, plant and equipment, net		2,290	2,310
Investments in unconsolidated affiliates		170	186
Goodwill		20,039	20,011
Other intangible assets, net		24,228	23,967
Other non-current assets		572	259
Deferred tax assets		27	26
Total assets		49,547	48,918
Current liabilities:
Accounts payable		2,909	2,300
Accrued expenses		869	1,012
Structured payables		595	526
Short-term borrowings and current portion of long-term obligations		1,806	1,458
Other current liabilities		516	406
Total current liabilities		6,695	5,702
Long-term obligations		13,164	14,201
Deferred tax liabilities		6,034	5,923
Other non-current liabilities		771	559
Total liabilities		26,664	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, 1,406,706,062 and 1,405,944,922 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		14	14
Additional paid-in capital		21,524	21,471
Retained earnings		1,294	1,178
Accumulated other comprehensive income (loss)		51	(130)
Total stockholders' equity		22,883	22,533
Total liabilities and stockholders' equity		$ 49,547	$ 48,918
[1]	Restricted cash and cash equivalents primarily 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	Jun. 30, 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)	1,406,706,062	1,405,944,922
Common stock outstanding (in shares)	1,406,706,062	1,405,944,922

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income	$ 544	$ 174
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	172	66
Amortization expense	172	65
Provision for sales returns	16	22
Deferred income taxes	(5)	(38)
Employee stock-based compensation expense	34	20
Loss on early extinguishment of debt	9	2
Unrealized (gain) loss on foreign currency	(25)	13
Unrealized (gain) loss on derivatives	43	(39)
Gain (Loss) on Sale of Investments	27	7
Other, net	(19)	20
Changes in assets and liabilities:
Trade accounts receivable	68	119
Inventories	(56)	(30)
Income taxes receivable and payables, net	64	21
Other current and non-current assets	(149)	(59)
Accounts payable and accrued expenses	339	215
Other current and non-current liabilities	(31)	0
Net change in operating assets and liabilities	235	266
Net cash provided by operating activities	1,203	578
Investing activities:
Acquisitions of businesses	(8)	0
Issuance of related party note receivable	(14)	(2)
Investments in unconsolidated subsidiaries, payments	(11)	(22)
Purchases of property, plant and equipment	(118)	(44)
Proceeds from Sale of Property, Plant, and Equipment	19	0
Payments to Acquire Intangible Assets	(4)	(12)
Other, net	22	0
Net cash used in investing activities	(114)	(80)
Financing activities:
Proceeds from senior unsecured notes	0	8,000
Proceeds from term loan	2,000	0
Net issuance of commercial paper	381	0
Proceeds from structured payables	78	0
Payments on Structured Payables	(9)	0
Repayments of Senior Debt	(250)	0
Repayment of term loan	(2,848)	(254)
Finance Lease, Principal Payments	(19)	(9)
Payments on finance leases	(19)
Deferred financing charges paid	0	(35)
Cash contributions from redeemable non-controlling interest shareholders	0	12
Cash dividends paid	(423)	(23)
Other, net	10	(1)
Net cash (used in) provided by financing activities	(1,080)	7,690
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	9	8,188
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	12	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	$ 160	$ 8,284

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 Income (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
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	171
Shares issued at end of period (in shares) at Jun. 30, 2018		790.5
Total equity at end of period at Jun. 30, 2018	7,484	$ 8	6,377	1,040	59
Shares issued at beginning of period (in shares) at Mar. 31, 2018		790.5
Total equity at beginning of period at Mar. 31, 2018	7,434	$ 8	6,377	974	75
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to KDP	83			83
Other comprehensive income	(16)				(16)
Dividends declared, $0.15 per share	(12)			(12)
Adjustment of non-controlling interests to fair value	(5)			(5)
Shares issued at end of period (in shares) at Jun. 30, 2018		790.5
Total equity at end of period at Jun. 30, 2018	7,484	$ 8	6,377	1,040	59
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)
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	544
Shares issued at end of period (in shares) at Jun. 30, 2019		1,406.7
Total equity at end of period at Jun. 30, 2019	22,883	$ 14	21,524	1,294	51
Shares issued at beginning of period (in shares) at Mar. 31, 2019		1,406.7
Total equity at beginning of period at Mar. 31, 2019	22,674	$ 14	21,505	1,192	(37)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to KDP	314			314
Other comprehensive income	88				88
Dividends declared, $0.15 per share	(212)			(212)
Stock-based compensation and stock options exercised	19		19
Shares issued at end of period (in shares) at Jun. 30, 2019		1,406.7
Total equity at end of period at Jun. 30, 2019	$ 22,883	$ 14	$ 21,524	$ 1,294	$ 51

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity Condensed Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.15	$ 0.15

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Jun. 30, 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 June 30, 2019 and December 31, 2018 and for the second quarter and first six months of 2019 and 2018 reflect the results of operations and financial position of Maple for the periods presented. Amounts reported as of June 30, 2019 and December 31, 2018 , and for the second quarter and first six months 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 " second quarter " indicate the Company 's quarterly periods ended June 30, 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. 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, Derivatives 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	6 Months Ended
	Jun. 30, 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 June 30, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments Allocation of Consideration as of June 30, 2019 Cash and cash equivalents $ 147 $ — $ 147 Investments in unconsolidated affiliates 90 — 90 Property, plant and equipment (1) 1,549 (74 ) 1,475 Other intangible assets 20,404 (326 ) 20,078 Long-term obligations (4,049 ) — (4,049 ) Finance leases (214 ) 9 (205 ) Acquired assets, net of assumed liabilities (2) 107 (26 ) 81 Deferred tax liabilities, net of deferred tax assets (3) (4,959 ) (82 ) (5,041 ) Goodwill 9,407 499 9,906 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 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 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 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 DPS Merger resulted in $9,906 million of goodwill as of June 30, 2019 . The goodwill 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 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) $ 19,556 n/a Contractual arrangements (2) 127 n/a Customer relationships (3) 390 10-40 Favorable leases (4) 5 5-12 Total other intangible assets $ 20,078 (1) The Company valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company 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 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 second quarter and first six months 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. Second Quarter First Six Months (Unaudited, in millions) 2018 2018 Net sales $ 2,822 $ 5,351 Net income 323 534 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 . 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 Big Red Acquisition is based on estimated fair values as of the Big Red Acquisition Date. 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 Big Red Acquisition as of June 30, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments Allocation of Consideration as of June 30, 2019 Cash and cash equivalents $ 3 — $ 3 Other intangible assets 240 (2 ) 238 Assumed liabilities, net of acquired assets (1) (28 ) (20 ) (48 ) Goodwill 89 24 113 Total consideration exchanged (2) $ 304 $ 2 $ 306 Less: Company's previous ownership interest 22 — 22 Less: Holdback placed in escrow 15 — 15 Acquisition of business $ 267 $ 2 $ 269 (1) The Company valued WIP and finished goods inventory using a net realizable value approach, which resulted in a step-up of $2 million which was recognized in the cost of goods sold for the year ended December 31, 2018 as the related inventory was sold during that period. Raw materials were carried at net book value. (2) The Company paid $2 million in additional consideration during the fourth quarter of 2018 as a result of working capital adjustments determined pursuant to the terms of the Big Red Acquisition Agreement. The Big Red Acquisition resulted in $113 million of goodwill. The goodwill 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 Big Red Acquisition is not 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) $ 220 n/a Brands (1) 11 5 Contractual arrangements (2) 6 12 Customer relationships (3) 1 8-40 Total other intangible assets $ 238 (1) The Company valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company 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 industrial. We valued retail and industrial customer relationships utilizing the distributor method, a form of the income approach. 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 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 June 30, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments Allocation of Consideration as of June 30, 2019 Cash and cash equivalents $ 10 $ — $ 10 Other intangible assets 273 — 273 Assumed liabilities, net of acquired assets (1) (12 ) (3 ) (15 ) Goodwill 236 12 248 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 $248 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. OTHER ACQUISITIONS The Company also spent an aggregate of $8 million in connection with other immaterial acquisitions during the first six months of 2019 , which resulted in the recognition of fixed assets, intangible assets and goodwill. Pro forma financial information has not been presented for these acquisitions as the impact to our unaudited condensed consolidated financial statements was not material. TRANSACTION EXPENSES The following table provides information about the Company's transaction expenses incurred during the second quarter and first six months of 2019 and 2018 : Second Quarter First Six Months (in millions) 2019 2018 2019 2018 DPS Merger $ 4 $ 39 $ 6 $ 75 Other transaction expenses 4 — 7 — Total transaction expenses incurred $ 8 $ 39 $ 13 $ 75 Transaction expenses primarily consisted of professional fees for advisory and consulting services and other incremental costs related to the acquisitions. INVESTMENTS IN UNCONSOLIDATED AFFILIATES The following table summarizes investments in unconsolidated affiliates as of June 30, 2019 and December 31, 2018 : June 30, December 31, (in millions) Ownership Interest 2019 2018 BA Sports Nutrition, LLC ("BA") 12.5 % $ 52 $ 62 Bedford Systems, LLC 30.0 % 65 79 Dyla LLC 12.6 % 14 15 Force Holdings LLC 33.3 % 5 6 Beverage startup companies (various) 28 19 Other (various) 6 5 Investments in unconsolidated affiliates $ 170 $ 186

Leases (Notes)

Leases (Notes)	6 Months Ended
	Jun. 30, 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: Second Quarter First Six Months (in millions) 2019 2019 Operating lease cost $ 20 $ 40 Finance lease cost Amortization of right-of-use assets 10 20 Interest on lease liabilities 3 7 Variable lease cost (1) 8 14 Short-term lease cost 2 3 Sublease income (1 ) (1 ) Total lease cost $ 42 $ 83 (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 Six Months (in millions) 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 38 Operating cash flows from finance leases 7 Financing cash flows from finance leases 19 The following table presents information about the Company's weighted average discount rate and remaining lease term as of June 30, 2019 : Weighted average discount rate Operating leases 4.6 % Finance leases 5.3 % Weighted average remaining lease term Operating leases 8 years Finance leases 12 years Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2019 $ 39 $ 26 2020 70 49 2021 56 42 2022 47 36 2023 39 33 2024 37 30 Thereafter 133 171 Total future minimum lease payments 421 387 Less: imputed interest (70 ) (97 ) Present value of minimum lease payments $ 351 $ 290 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 SIGNIFICANT LEASES THAT HAVE NOT YET COMMENCED As of June 30, 2019 , the Company has entered into leases that have not yet commenced with estimated aggregated future lease payments of approximately $470 million . These leases will commence between 2020 and 2021 , with initial lease terms ranging from 7 years to 16 years

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 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 Total Balance as of January 1, 2019 $ 9,725 $ 4,878 $ 4,265 $ 618 $ 525 $ 20,011 Foreign currency translation 46 27 16 14 — 103 Acquisitions (1) 3 254 242 (73 ) (501 ) (75 ) Balance as of June 30, 2019 $ 9,774 $ 5,159 $ 4,523 $ 559 $ 24 $ 20,039 (1) Amounts primarily represent measurement period adjustments for the DPS Merger, the Big Red Acquisition, 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: June 30, 2019 December 31, 2018 Brands (1) $ 20,025 $ 19,712 Trade names 2,479 2,479 Contractual arrangements 122 119 Distribution rights 2 — Total $ 22,628 $ 22,310 (1) Approximately $113 million of the increase in brands with indefinite lives was due to foreign currency translation during the period. The remaining change represents measurement period adjustments for the DPS Merger. Refer to Note 2 for further information. The net carrying amounts of intangible assets other than goodwill with definite lives are as follows: June 30, 2019 December 31, 2018 (in millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Acquired technology $ 1,146 $ (218 ) $ 928 $ 1,146 $ (182 ) $ 964 Customer relationships 638 (85 ) 553 629 (67 ) 562 Trade names 127 (47 ) 80 127 (40 ) 87 Contractual arrangements 25 (2 ) 23 26 (1 ) 25 Brands 11 (1 ) 10 9 — 9 Distribution rights 6 — 6 — — — Favorable leases (1) — — — 13 (3 ) 10 Total $ 1,953 $ (353 ) $ 1,600 $ 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: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Amortization expense for intangible assets with definite lives $ 32 $ 29 $ 63 $ 59 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 $ 63 $ 126 $ 126 $ 126 $ 126 $ 121 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 June 30, 2019 .

Restructuring and Integration C

Restructuring and Integration Costs	6 Months Ended
	Jun. 30, 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 primarily within unallocated corporate costs. Restructuring and integration charges incurred were as follows: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Keurig 2.0 exit $ — $ 7 $ 1 $ 12 Integration program 32 26 92 26 Other restructuring programs — 1 — 2 Total restructuring and integration charges $ 32 $ 34 $ 93 $ 40 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 June 30, 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 10 — 10 Cash payments (34 ) — (34 ) Non-cash adjustment items 1 (1 ) — Balance as of June 30, 2019 $ 5 $ — $ 5 (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 $247 million , primarily consisting of professional fees related to the integration and transformation and costs associated with severance and employee terminations, through June 30, 2019 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rates were as follows: Second Quarter First Six Months 2019 2018 2019 2018 Effective tax rate 24.5 % 13.3 % 25.6 % 26.9 % The increase in our effective tax rate from the second quarter of 2018 to the second quarter of 2019 was primarily due to the benefit received in the second quarter of 2018 from refining the estimated impact related to the legislation commonly known as the Tax Cuts and Jobs Act, which was enacted on December 22, 2017 (“TCJA”). The decrease in our effective tax rate from the first six months of 2018 to the first six months of 2019 was primarily due to 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 loss of tax benefits associated with the U.S. domestic manufacturing deduction in 2019. 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%

Long-term Obligations and Borro

Long-term Obligations and Borrowing Arrangements	6 Months Ended
	Jun. 30, 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) June 30, 2019 December 31, 2018 Senior unsecured notes $ 11,785 $ 12,019 Term loans 1,724 2,561 Subtotal 13,509 14,580 Less - current portion (345 ) (379 ) Long-term obligations $ 13,164 $ 14,201 The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: Fair Value Hierarchy Level June 30, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Commercial paper 2 $ 1,461 $ 1,461 $ 1,079 $ 1,079 Current portion of long-term obligations: Senior unsecured notes 2 248 249 250 250 Term loans 2 97 97 129 129 Short-term borrowings and current portion of long-term obligations $ 1,806 $ 1,807 $ 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 June 30, 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% 2 250 249 250 245 2021 Merger Notes May 25, 2021 3.551% 2 1,750 1,823 1,750 1,742 2021-A Notes November 15, 2021 3.200% 2 250 253 250 244 2021-B Notes November 15, 2021 2.530% 2 250 250 250 240 2022 Notes November 15, 2022 2.700% 2 250 249 250 237 2023 Merger Notes May 25, 2023 4.057% 2 2,000 2,152 2,000 1,988 2023 Notes December 15, 2023 3.130% 2 500 506 500 474 2025 Merger Notes May 25, 2025 4.417% 2 1,000 1,072 1,000 999 2025 Notes November 15, 2025 3.400% 2 500 509 500 467 2026 Notes September 15, 2026 2.550% 2 400 383 400 346 2027 Notes June 15, 2027 3.430% 2 500 505 500 458 2028 Merger Notes May 25, 2028 4.597% 2 2,000 2,180 2,000 1,981 2038 Notes May 1, 2038 7.450% 2 125 163 125 151 2038 Merger Notes May 25, 2038 4.985% 2 500 548 500 483 2045 Notes November 15, 2045 4.500% 2 550 554 550 478 2046 Notes December 15, 2046 4.420% 2 400 398 400 342 2048 Merger Notes May 25, 2048 5.085% 2 750 839 750 716 Principal amount $ 11,975 $ 12,633 $ 12,225 $ 11,841 Unamortized debt issuance costs and fair value adjustment for Notes assumed in the DPS Merger (190 ) (206 ) Carrying amount $ 11,785 $ 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 Term Loan Agreements 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 six months 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 . 364-Day Credit Agreement The Company entered into a new credit agreement on May 29, 2019 (the "364-Day Credit Agreement") among the Company, the banks party thereto and JP Morgan , as administrative agent, pursuant to which the Company obtained a $750 million commitment. The 364-Day Credit Agreement is unsecured, and its proceeds may be used for general corporate purposes. Under this credit agreement, $750 million is available for issuance, none of which was utilized as of June 30, 2019 . The interest rate applicable to borrowings under the 364-Day Credit Agreement ranges from a rate equal to LIBOR plus a margin of 1.000% to 1.625% or a base rate plus a margin of 0.000% to 0.625% , depending on the rating of certain index debt of the Company. The 364-Day Credit Agreement will mature on May 27, 2020 , subject to the Company’s option to extend the maturity date by one year so long as certain customary conditions are satisfied. KDP Revolving Credit Facility The following table provides amounts utilized and available under the Company 's revolving credit facilities ("KDP Revolver") as of June 30, 2019 : (in millions) Amount Utilized Balances Available KDP Revolver $ — $ 2,400 Letters of credit — 200 The Company 's KDP Revolver, 364-Day Credit Agreement 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 June 30, 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 1,735 1,735 — — KDP Revolver February 2023 2 — — — — 364-Day Credit Agreement May 2020 2 — — — — Principal amount $ 1,735 $ 1,735 $ 2,583 $ 2,583 Unamortized discounts and debt issuance costs (11 ) (22 ) Carrying amount $ 1,724 $ 2,561 (1) In 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 no loss on extinguishment of debt during the second quarter of 2019 and $5 million of loss on early extinguishment during the first six months of 2019 . This KDP Term Loan was refinanced with the New KDP Term Loan in February 2019. (2) The Company borrowed $65 million and $215 million of Commercial Paper during the second quarter and first six months of 2019 , respectively, to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which were voluntary prepayments. As a result of these voluntary prepayments, the Company recorded no loss on extinguishment of debt during the second quarter of 2019 and $1 million of loss on early extinguishment during the first six months of 2019 . As of June 30, 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: Second Quarter First Six Months 2019 2018 2019 2018 Weighted average commercial paper borrowings $ 2,074 $ — $ 1,911 $ — Weighted average borrowing rates 2.76 % — % 2.83 % — % 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 June 30, 2019 and $52 million of which remains available for use.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 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, future, swap and option 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 approximately 2 years and 19 years as of June 30, 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 second quarter and first six months 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 ranging from less than 1 month to approximately 5 years as of June 30, 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 second quarter and first six months 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 ranging from less than 1 month to approximately 6 years as of June 30, 2019 . NOTIONAL AMOUNTS OF DERIVATIVE INSTRUMENTS The following table presents the notional amounts of the Company's outstanding derivative instruments by type: June 30, December 31, (in millions) 2019 2018 Interest rate contracts Receive-fixed, pay-variable interest rate swaps (1) $ 50 $ 1,070 Receive-variable, pay-fixed interest rate swaps (2) 575 2,125 FX contracts 475 348 Commodity contracts 271 296 (1) During the first six months of 2019 , the Company elected to terminate $920 million notional amount of receive-fixed, pay-variable interest rate swaps and received cash of $2 million . (2) During the first six months of 2019 , the Company elected to terminate $1,400 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $38 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 June 30, 2019 and December 31, 2018 : (in millions) Fair Value Hierarchy Level Balance Sheet Location June 30, December 31, Assets: Interest rate contracts 2 Prepaid expenses and other current assets $ 1 $ 2 FX contracts 2 Prepaid expenses and other current assets 1 4 Commodity contracts 2 Prepaid expenses and other current assets 8 3 Interest rate contracts 2 Other non-current assets 20 77 FX contracts 2 Other non-current assets 9 15 Commodity contracts 2 Other non-current assets 6 3 Liabilities: Interest rate contracts 2 Other current liabilities $ — $ 7 FX contracts 2 Other current liabilities 2 — Commodity contracts 2 Other current liabilities 27 27 Interest rate contracts 2 Other non-current liabilities — 6 Commodity contracts 2 Other non-current liabilities 5 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 amount of (gains) losses recognized in the unaudited Condensed Consolidated Statements of Income related to derivative instruments not designated as hedging instruments under U.S. GAAP during the periods presented. Amounts include both realized and unrealized gains and losses. Second Quarter First Six Months (in millions) Income Statement Location 2019 2018 2019 2018 Interest rate contracts Interest expense $ 2 $ (6 ) $ 4 $ (30 ) FX contracts Cost of sales 1 — 3 — FX contracts Other expense (income), net — (7 ) 6 (13 ) Commodity contracts Cost of sales (3 ) 3 12 5 Commodity contracts SG&A expenses 2 — (12 ) — Total $ 2 $ (10 ) $ 13 $ (38 ) 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	6 Months Ended
	Jun. 30, 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: Second Quarter First Six Months (in millions, except per share data) 2019 2018 2019 2018 Basic EPS: Net income attributable to KDP $ 314 $ 83 $ 544 $ 171 Weighted average common shares outstanding 1,406.7 790.5 1,406.5 790.5 Earnings per common share — basic $ 0.22 $ 0.10 $ 0.39 $ 0.21 Diluted EPS: Net income attributable to KDP $ 314 $ 83 $ 544 $ 171 Impact of dilutive securities in Maple Parent Corporation — 2 — 3 Total $ 314 $ 81 $ 544 $ 168 Weighted average common shares outstanding 1,406.7 790.5 1,406.5 790.5 Effect of dilutive securities: Stock options 0.5 — 0.7 — RSUs 12.0 — 11.3 — Weighted average common shares outstanding and common stock equivalents 1,419.2 790.5 1,418.5 790.5 Earnings per common share — diluted $ 0.22 $ 0.10 $ 0.38 $ 0.21 Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation 0.1 — 0.1 —

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 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: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Total stock-based compensation expense $ 20 $ 9 $ 34 $ 20 Income tax benefit recognized in the Statements of Income (4 ) (2 ) (7 ) (5 ) Stock-based compensation expense, net of tax $ 16 $ 7 $ 27 $ 15 RESTRICTED STOCK UNITS The table below summarizes RSU activity : 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 3.5 $ 478 Granted 5,200,620 26.25 Vested and released (4,368 ) 24.20 — Forfeited (1,136,796 ) 19.07 Outstanding as of June 30, 2019 22,685,354 $ 17.93 3.0 $ 656 As of June 30, 2019 , there was $297 million of unrecognized compensation cost related to unvested RSUs that is expected to be recognized over a weighted average period of 3.9 years .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income (Loss) The following table provides a summary of changes in Accumulated Other Comprehensive Income (Loss) , net of taxes: (in millions) Foreign Currency Translation Adjustments Pension and PRMB Liabilities Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2019 $ (33 ) $ (4 ) $ (37 ) Other comprehensive income 88 — 88 Balance as of June 30, 2019 $ 55 $ (4 ) $ 51 Balance as of January 1, 2019 $ (126 ) $ (4 ) $ (130 ) Other comprehensive income 181 — 181 Balance as of June 30, 2019 $ 55 $ (4 ) $ 51 Balance as of April 1, 2018 $ 75 $ — $ 75 Other comprehensive loss (16 ) — (16 ) Balance as of June 30, 2018 $ 59 $ — $ 59 Balance as of January 1, 2018 $ 99 $ — $ 99 Other comprehensive loss (40 ) — (40 ) Balance as of June 30, 2018 $ 59 $ — $ 59

Other Financial Information

Other Financial Information	6 Months Ended
	Jun. 30, 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: June 30, December 31, (in millions) 2019 2018 Inventories: Raw materials $ 207 $ 204 Work in process 8 7 Finished goods 471 415 Total inventories $ 686 $ 626 Prepaid expenses and other current assets: Other receivables $ 49 $ 51 Customer incentive programs 80 12 Derivative instruments 10 9 Prepaid marketing 43 29 Spare parts 45 43 Assets held for sale 7 8 Income tax receivable 13 22 Other 70 80 Total prepaid expenses and other current assets $ 317 $ 254 Other non-current assets: Customer incentive programs $ 29 $ 34 Marketable securities - trading (1) 40 44 Operating lease right-of-use assets (2) 355 — Derivative instruments 35 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) 32 17 Other 70 58 Total other non-current assets $ 572 $ 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 $40 million and $44 million as of June 30, 2019 and December 31, 2018 , respectively. (2) Refer to Note 3 for additional information . (3) Refer to Note 15 for additional information . June 30, December 31, (in millions) 2019 2018 Accrued expenses: Customer rebates & incentives $ 374 $ 342 Accrued compensation 148 214 Insurance reserve 39 37 Accrued interest 53 77 Accrued professional fees 29 113 Other accrued expenses 226 229 Total accrued expenses $ 869 $ 1,012 Other current liabilities: Dividends payable $ 212 $ 209 Income taxes payable 110 60 Operating lease liability (1) 61 — Finance lease liability (2) 37 26 Derivative instruments 29 34 Holdback liabilities 42 44 Other 25 33 Total other current liabilities $ 516 $ 406 Other non-current liabilities: Pension and post-retirement liability $ 29 $ 30 Insurance reserves 61 57 Operating lease liability (1) 290 — Finance lease liability (2) 253 305 Derivative instruments 5 16 Deferred compensation liability 40 44 Other 93 107 Total other non-current liabilities $ 771 $ 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 administrator 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 June 30, 2019 and December 31, 2018 , $2,096 million and $1,676 million , respectively, of KDP's outstanding payment obligations are payable to suppliers who utilize this third party service administrator.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 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 June 30, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 106 $ 106 $ 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 $ 160 $ 160 $ 139 $ 139 (1) Restricted cash and cash equivalents primarily 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 Six Months (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 205 39 Purchases of intangibles 2 — Supplemental cash flow disclosures of non-cash financing activities: Dividends declared but not yet paid 212 — Finance lease additions 30 — Supplemental cash flow disclosures: Cash paid for interest 272 47 Cash paid for related party interest — 51 Cash paid for income taxes 142 71

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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. The Court of Appeal’s stay order was prompted by a notice published on June 15, 2018 by California’s Office of Environmental Health Hazard Assessment (“OEHHA”) proposing a new Proposition 65 regulation clarifying that cancer warnings are not required for Proposition 65 chemicals, such as acrylamide, that are present in coffee as a result of roasting coffee beans. After two rounds of public comments, the regulation was finalized, adopted and approved by the Office of Administrative Law on June 3, 2019. It will take effect on October 1, 2019. The Court of Appeal has lifted its 2018 stay order. Further litigation is anticipated based on CERT’s contentions that the regulation is legally invalid and, alternatively, cannot be applied to its pending claims. 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	6 Months Ended
	Jun. 30, 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, Peet's, 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 $32 million and $17 million as of June 30, 2019 and December 31, 2018 , respectively.

Segments

Segments	6 Months Ended
	Jun. 30, 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 June 30, 2019 and December 31, 2018 , and for the second quarter and first six months of 2019 , and recasted for the second quarter and the first six months 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: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Segment Results – Net sales Coffee Systems $ 990 $ 949 $ 1,958 $ 1,897 Packaged Beverages 1,311 — 2,427 — Beverage Concentrates 370 — 674 — Latin America Beverages 141 — 257 — Net sales $ 2,812 $ 949 $ 5,316 $ 1,897 Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Segment Results – Income from operations Coffee Systems $ 287 $ 274 $ 580 $ 531 Packaged Beverages 186 — 335 — Beverage Concentrates 244 — 445 — Latin America Beverages 26 — 37 — Total income from operations - segments 743 274 1,397 531 Unallocated corporate costs 156 107 312 186 Income from operations $ 587 $ 167 $ 1,085 $ 345

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 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 second quarter and first six months of 2019 and 2018 : (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total For the second quarter of 2019: CSD (1) $ — $ 541 $ 362 $ 102 $ 1,005 NCB (1) — 662 3 38 703 Pods (2) 783 — — — 783 Appliances 154 — — — 154 Other 53 108 5 1 167 Net sales $ 990 $ 1,311 $ 370 $ 141 $ 2,812 For the first six months of 2019: CSD (1) $ — $ 1,063 $ 660 $ 182 $ 1,905 NCB (1) — 1,163 5 74 1,242 Pods (2) 1,576 — — — 1,576 Appliances 277 — — — 277 Other 105 201 9 1 316 Net sales $ 1,958 $ 2,427 $ 674 $ 257 $ 5,316 For the second quarter of 2018: CSD (1) $ — $ — $ — $ — $ — NCB (1) — — — — — Pods (2) 763 — — — 763 Appliances 131 — — — 131 Other 55 — — — 55 Net sales $ 949 $ — $ — $ — $ 949 For the first six months of 2018: CSD (1) $ — $ — $ — $ — $ — NCB (1) — — — — — Pods (2) 1,557 — — — 1,557 Appliances 232 — — — 232 Other 108 — — — 108 Net sales $ 1,897 $ — $ — $ — $ 1,897 (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	6 Months Ended
	Jun. 30, 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 second quarter and first six months of 2018 are 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. Condensed Consolidating Statements of Income For the Second Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,660 $ 1,207 $ (55 ) $ 2,812 Cost of sales — 661 580 (55 ) 1,186 Gross profit — 999 627 — 1,626 Selling, general and administrative expenses 1 668 359 — 1,028 Other operating expense, net — — 11 — 11 Income from operations (1 ) 331 257 — 587 Interest expense 198 3 28 (59 ) 170 Interest expense - related party — — — — — Loss on early extinguishment of debt — — — — — Other expense (income), net (239 ) 192 (11 ) 59 1 Income before provision for income taxes 40 136 240 — 416 Provision for income taxes (5 ) 42 65 — 102 Income before equity in earnings of consolidated subsidiaries 45 94 175 — 314 Equity in earnings of consolidated subsidiaries 269 14 — (283 ) — Net income $ 314 $ 108 $ 175 $ (283 ) $ 314 Condensed Consolidating Statements of Income For the First Six Months of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 3,070 $ 2,345 $ (99 ) $ 5,316 Cost of sales — 1,232 1,159 (99 ) 2,292 Gross profit — 1,838 1,186 — 3,024 Selling, general and administrative expenses 5 1,230 704 — 1,939 Other operating expense, net — (10 ) 10 — — Income from operations (5 ) 618 472 — 1,085 Interest expense 398 7 57 (123 ) 339 Interest expense - related party — — — — — Loss on early extinguishment of debt 9 — — — 9 Other (income) expense, net (251 ) 147 (13 ) 123 6 Income before provision for income taxes (161 ) 464 428 — 731 Provision for income taxes (54 ) 126 115 — 187 Income before equity in earnings of consolidated subsidiaries (107 ) 338 313 — 544 Equity in earnings of consolidated subsidiaries 651 14 — (665 ) — Net income $ 544 $ 352 $ 313 $ (665 ) $ 544 Condensed Consolidating Statements of Comprehensive Income For the Second Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income $ 402 $ 178 $ 264 $ (442 ) $ 402 Condensed Consolidating Statements of Comprehensive Income For the First Six Months of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income $ 725 $ 497 $ 495 $ (992 ) $ 725 Condensed Consolidating Balance Sheets As of June 30, 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 11 $ 95 $ — $ 106 Restricted cash and restricted cash equivalents 40 2 2 — 44 Trade accounts receivable, net — 642 426 — 1,068 Related party receivable 135 74 64 (273 ) — Inventories — 250 436 — 686 Prepaid expenses and other current assets 613 199 115 (610 ) 317 Total current assets 788 1,178 1,138 (883 ) 2,221 Property, plant and equipment, net — 1,297 993 — 2,290 Investments in consolidated subsidiaries 41,003 4,971 — (45,974 ) — Investments in unconsolidated affiliates — 63 107 — 170 Goodwill — 8,239 11,800 — 20,039 Other intangible assets, net — 16,857 7,371 — 24,228 Long-term receivable, related parties 5,066 8,623 — (13,689 ) — Other non-current assets 61 248 263 — 572 Deferred tax assets — — 27 — 27 Total assets $ 46,918 $ 41,476 $ 21,699 $ (60,546 ) $ 49,547 Current liabilities: Accounts payable $ — $ 990 $ 1,919 $ — $ 2,909 Accrued expenses 53 596 220 — 869 Structured payables — 47 548 — 595 Related party payable 74 95 104 (273 ) — Short-term borrowings and current portion of long-term obligations 1,806 — — — 1,806 Other current liabilities 269 679 178 (610 ) 516 Total current liabilities 2,202 2,407 2,969 (883 ) 6,695 Long-term obligations to third parties 13,164 — — — 13,164 Long-term obligations to related parties 8,589 3,440 1,660 (13,689 ) — Deferred tax liabilities 40 4,107 1,887 — 6,034 Other non-current liabilities 40 495 236 — 771 Total liabilities 24,035 10,449 6,752 (14,572 ) 26,664 Total stockholders' equity 22,883 31,027 14,947 (45,974 ) 22,883 Total liabilities and stockholders' equity $ 46,918 $ 41,476 $ 21,699 $ (60,546 ) $ 49,547 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 Six Months of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ (178 ) $ 812 $ 581 $ (12 ) $ 1,203 Investing activities: Acquisitions of businesses — (3 ) (5 ) — (8 ) Collections on (issuances of) related party notes receivable 535 (789 ) (14 ) 254 (14 ) Investments in unconsolidated affiliates — (11 ) — — (11 ) Purchases of property, plant and equipment — (44 ) (74 ) — (118 ) Proceeds from sales of property, plant and equipment — 10 9 — 19 Purchases of intangibles — (4 ) — — (4 ) Return of capital from investments in consolidated subsidiaries — 32 — (32 ) — Other, net 10 — 12 — 22 Net cash provided by (used in) investing activities 545 (809 ) (72 ) 222 (114 ) Financing activities: Proceeds from (payments of) related party notes 763 — (509 ) (254 ) — Proceeds from term loan 2,000 — — — 2,000 Net issuance of commercial paper 381 — — — 381 Proceeds from structured payables — — 78 — 78 Payments on structured payables — — (9 ) — (9 ) Payments on senior unsecured notes (250 ) — — — (250 ) Repayment of term loan (2,848 ) — — — (2,848 ) Payments on finance leases — (11 ) (8 ) — (19 ) Cash dividends paid (423 ) — (44 ) 44 (423 ) Other, net 8 — 2 — 10 Net cash used in financing activities (369 ) (11 ) (490 ) (210 ) (1,080 ) Cash and cash equivalents — net change from: Operating, investing and financing activities (2 ) (8 ) 19 — 9 Effect of exchange rate changes on cash and cash equivalents — — 12 — 12 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 $ 23 $ 97 $ — $ 160

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 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 June 30, 2019 and December 31, 2018 and for the second quarter and first six months of 2019 and 2018 reflect the results of operations and financial position of Maple for the periods presented. Amounts reported as of June 30, 2019 and December 31, 2018 , and for the second quarter and first six months 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 " second quarter " indicate the Company 's quarterly periods ended June 30, 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.
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, Derivatives 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
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 Big Red Acquisition as of June 30, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments Allocation of Consideration as of June 30, 2019 Cash and cash equivalents $ 3 — $ 3 Other intangible assets 240 (2 ) 238 Assumed liabilities, net of acquired assets (1) (28 ) (20 ) (48 ) Goodwill 89 24 113 Total consideration exchanged (2) $ 304 $ 2 $ 306 Less: Company's previous ownership interest 22 — 22 Less: Holdback placed in escrow 15 — 15 Acquisition of business $ 267 $ 2 $ 269 (1) The Company valued WIP and finished goods inventory using a net realizable value approach, which resulted in a step-up of $2 million which was recognized in the cost of goods sold for the year ended December 31, 2018 as the related inventory was sold during that period. Raw materials were carried at net book value. (2) The Company paid $2 million in additional consideration during the fourth quarter of 2018 as a result of working capital adjustments determined pursuant to the terms of the Big Red Acquisition Agreement. DPS Merger as of June 30, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments Allocation of Consideration as of June 30, 2019 Cash and cash equivalents $ 147 $ — $ 147 Investments in unconsolidated affiliates 90 — 90 Property, plant and equipment (1) 1,549 (74 ) 1,475 Other intangible assets 20,404 (326 ) 20,078 Long-term obligations (4,049 ) — (4,049 ) Finance leases (214 ) 9 (205 ) Acquired assets, net of assumed liabilities (2) 107 (26 ) 81 Deferred tax liabilities, net of deferred tax assets (3) (4,959 ) (82 ) (5,041 ) Goodwill 9,407 499 9,906 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 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 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 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 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 June 30, 2019 : (in millions) Initial Allocation of Consideration Measurement Period Adjustments Allocation of Consideration as of June 30, 2019 Cash and cash equivalents $ 10 $ — $ 10 Other intangible assets 273 — 273 Assumed liabilities, net of acquired assets (1) (12 ) (3 ) (15 ) Goodwill 236 12 248 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.
Finite-lived and indefinite-lived intangible assets acquired as part of business combination	The preliminary allocation of consideration exchanged to other intangible assets acquired is as follows: (in millions) Fair Value Estimated Life (in years) Brands (1) $ 220 n/a Brands (1) 11 5 Contractual arrangements (2) 6 12 Customer relationships (3) 1 8-40 Total other intangible assets $ 238 (1) The Company valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company 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 industrial. We valued retail and industrial customer relationships utilizing the distributor method, a form of the income approach. 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) $ 19,556 n/a Contractual arrangements (2) 127 n/a Customer relationships (3) 390 10-40 Favorable leases (4) 5 5-12 Total other intangible assets $ 20,078 (1) The Company valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach. (2) The Company 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
Pro forma information	e DPS Merger, the associated tax effects and the impact of the additional debt to finance the DPS Merger. Second Quarter First Six Months (Unaudited, in millions) 2018 2018 Net sales $ 2,822 $ 5,351 Net income 323 534 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.
Schedule of Transaction Costs [Table Text Block]	The following table provides information about the Company's transaction expenses incurred during the second quarter and first six months of 2019 and 2018 : Second Quarter First Six Months (in millions) 2019 2018 2019 2018 DPS Merger $ 4 $ 39 $ 6 $ 75 Other transaction expenses 4 — 7 — Total transaction expenses incurred $ 8 $ 39 $ 13 $ 75
Equity method investments	The following table summarizes investments in unconsolidated affiliates as of June 30, 2019 and December 31, 2018 : June 30, December 31, (in millions) Ownership Interest 2019 2018 BA Sports Nutrition, LLC ("BA") 12.5 % $ 52 $ 62 Bedford Systems, LLC 30.0 % 65 79 Dyla LLC 12.6 % 14 15 Force Holdings LLC 33.3 % 5 6 Beverage startup companies (various) 28 19 Other (various) 6 5 Investments in unconsolidated affiliates $ 170 $ 186

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The following table presents the components of lease cost: Second Quarter First Six Months (in millions) 2019 2019 Operating lease cost $ 20 $ 40 Finance lease cost Amortization of right-of-use assets 10 20 Interest on lease liabilities 3 7 Variable lease cost (1) 8 14 Short-term lease cost 2 3 Sublease income (1 ) (1 ) Total lease cost $ 42 $ 83 (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 Six Months (in millions) 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 38 Operating cash flows from finance leases 7 Financing cash flows from finance leases 19
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 as of June 30, 2019 : Weighted average discount rate Operating leases 4.6 % Finance leases 5.3 % 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 June 30, 2019 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2019 $ 39 $ 26 2020 70 49 2021 56 42 2022 47 36 2023 39 33 2024 37 30 Thereafter 133 171 Total future minimum lease payments 421 387 Less: imputed interest (70 ) (97 ) Present value of minimum lease payments $ 351 $ 290 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
Finance Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2019 $ 39 $ 26 2020 70 49 2021 56 42 2022 47 36 2023 39 33 2024 37 30 Thereafter 133 171 Total future minimum lease payments 421 387 Less: imputed interest (70 ) (97 ) Present value of minimum lease payments $ 351 $ 290
Schedule of Capital Leases and Financing Obligations, Maturity [Table Text Block]	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

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 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 Total Balance as of January 1, 2019 $ 9,725 $ 4,878 $ 4,265 $ 618 $ 525 $ 20,011 Foreign currency translation 46 27 16 14 — 103 Acquisitions (1) 3 254 242 (73 ) (501 ) (75 ) Balance as of June 30, 2019 $ 9,774 $ 5,159 $ 4,523 $ 559 $ 24 $ 20,039 (1) Amounts primarily represent measurement period adjustments for the DPS Merger, the Big Red Acquisition, and the Core Acquisition. Refer to Note 2 for further information.
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: June 30, 2019 December 31, 2018 Brands (1) $ 20,025 $ 19,712 Trade names 2,479 2,479 Contractual arrangements 122 119 Distribution rights 2 — Total $ 22,628 $ 22,310 (1) Approximately $113 million of the increase in brands with indefinite lives was due to foreign currency translation during the period. The remaining change represents measurement period adjustments for the DPS Merger. Refer to Note 2 for further information.
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: June 30, 2019 December 31, 2018 (in millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Acquired technology $ 1,146 $ (218 ) $ 928 $ 1,146 $ (182 ) $ 964 Customer relationships 638 (85 ) 553 629 (67 ) 562 Trade names 127 (47 ) 80 127 (40 ) 87 Contractual arrangements 25 (2 ) 23 26 (1 ) 25 Brands 11 (1 ) 10 9 — 9 Distribution rights 6 — 6 — — — Favorable leases (1) — — — 13 (3 ) 10 Total $ 1,953 $ (353 ) $ 1,600 $ 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: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Amortization expense for intangible assets with definite lives $ 32 $ 29 $ 63 $ 59
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 $ 63 $ 126 $ 126 $ 126 $ 126 $ 121

Restructuring and Integration_2

Restructuring and Integration Costs (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and related costs	Restructuring and integration charges incurred were as follows: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Keurig 2.0 exit $ — $ 7 $ 1 $ 12 Integration program 32 26 92 26 Other restructuring programs — 1 — 2 Total restructuring and integration charges $ 32 $ 34 $ 93 $ 40
Schedule of restructuring reserve by type of cost	Restructuring liabilities as of June 30, 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 10 — 10 Cash payments (34 ) — (34 ) Non-cash adjustment items 1 (1 ) — Balance as of June 30, 2019 $ 5 $ — $ 5 (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.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Our effective tax rates were as follows: Second Quarter First Six Months 2019 2018 2019 2018 Effective tax rate 24.5 % 13.3 % 25.6 % 26.9 %

Long-term Obligations and Bor_2

Long-term Obligations and Borrowing Arrangements (Tables)	6 Months Ended
	Jun. 30, 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: Second Quarter First Six Months 2019 2018 2019 2018 Weighted average commercial paper borrowings $ 2,074 $ — $ 1,911 $ — Weighted average borrowing rates 2.76 % — % 2.83 % — %
Schedule of debt	The following table summarizes the Company 's long-term obligations: (in millions) June 30, 2019 December 31, 2018 Senior unsecured notes $ 11,785 $ 12,019 Term loans 1,724 2,561 Subtotal 13,509 14,580 Less - current portion (345 ) (379 ) Long-term obligations $ 13,164 $ 14,201 The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: Fair Value Hierarchy Level June 30, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Commercial paper 2 $ 1,461 $ 1,461 $ 1,079 $ 1,079 Current portion of long-term obligations: Senior unsecured notes 2 248 249 250 250 Term loans 2 97 97 129 129 Short-term borrowings and current portion of long-term obligations $ 1,806 $ 1,807 $ 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 June 30, 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% 2 250 249 250 245 2021 Merger Notes May 25, 2021 3.551% 2 1,750 1,823 1,750 1,742 2021-A Notes November 15, 2021 3.200% 2 250 253 250 244 2021-B Notes November 15, 2021 2.530% 2 250 250 250 240 2022 Notes November 15, 2022 2.700% 2 250 249 250 237 2023 Merger Notes May 25, 2023 4.057% 2 2,000 2,152 2,000 1,988 2023 Notes December 15, 2023 3.130% 2 500 506 500 474 2025 Merger Notes May 25, 2025 4.417% 2 1,000 1,072 1,000 999 2025 Notes November 15, 2025 3.400% 2 500 509 500 467 2026 Notes September 15, 2026 2.550% 2 400 383 400 346 2027 Notes June 15, 2027 3.430% 2 500 505 500 458 2028 Merger Notes May 25, 2028 4.597% 2 2,000 2,180 2,000 1,981 2038 Notes May 1, 2038 7.450% 2 125 163 125 151 2038 Merger Notes May 25, 2038 4.985% 2 500 548 500 483 2045 Notes November 15, 2045 4.500% 2 550 554 550 478 2046 Notes December 15, 2046 4.420% 2 400 398 400 342 2048 Merger Notes May 25, 2048 5.085% 2 750 839 750 716 Principal amount $ 11,975 $ 12,633 $ 12,225 $ 11,841 Unamortized debt issuance costs and fair value adjustment for Notes assumed in the DPS Merger (190 ) (206 ) Carrying amount $ 11,785 $ 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 following table provides amounts utilized and available under the Company 's revolving credit facilities ("KDP Revolver") as of June 30, 2019 : (in millions) Amount Utilized Balances Available KDP Revolver $ — $ 2,400 Letters of credit — 200 The Company 's KDP Revolver, 364-Day Credit Agreement 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 June 30, 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 1,735 1,735 — — KDP Revolver February 2023 2 — — — — 364-Day Credit Agreement May 2020 2 — — — — Principal amount $ 1,735 $ 1,735 $ 2,583 $ 2,583 Unamortized discounts and debt issuance costs (11 ) (22 ) Carrying amount $ 1,724 $ 2,561 (1) In 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 no loss on extinguishment of debt during the second quarter of 2019 and $5 million of loss on early extinguishment during the first six months of 2019 . This KDP Term Loan was refinanced with the New KDP Term Loan in February 2019. (2) The Company borrowed $65 million and $215 million of Commercial Paper during the second quarter and first six months of 2019 , respectively, to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which were voluntary prepayments. As a result of these voluntary prepayments, the Company recorded no loss on extinguishment of debt during the second quarter of 2019 and $1 million of loss on early extinguishment during the first six months of 2019 .

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 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: June 30, December 31, (in millions) 2019 2018 Interest rate contracts Receive-fixed, pay-variable interest rate swaps (1) $ 50 $ 1,070 Receive-variable, pay-fixed interest rate swaps (2) 575 2,125 FX contracts 475 348 Commodity contracts 271 296 (1) During the first six months of 2019 , the Company elected to terminate $920 million notional amount of receive-fixed, pay-variable interest rate swaps and received cash of $2 million . (2) During the first six months of 2019 , the Company elected to terminate $1,400 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $38 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 June 30, 2019 and December 31, 2018 : (in millions) Fair Value Hierarchy Level Balance Sheet Location June 30, December 31, Assets: Interest rate contracts 2 Prepaid expenses and other current assets $ 1 $ 2 FX contracts 2 Prepaid expenses and other current assets 1 4 Commodity contracts 2 Prepaid expenses and other current assets 8 3 Interest rate contracts 2 Other non-current assets 20 77 FX contracts 2 Other non-current assets 9 15 Commodity contracts 2 Other non-current assets 6 3 Liabilities: Interest rate contracts 2 Other current liabilities $ — $ 7 FX contracts 2 Other current liabilities 2 — Commodity contracts 2 Other current liabilities 27 27 Interest rate contracts 2 Other non-current liabilities — 6 Commodity contracts 2 Other non-current liabilities 5 10
Schedule of derivative instruments not designated as hedging instruments	The following table presents the amount of (gains) losses recognized in the unaudited Condensed Consolidated Statements of Income related to derivative instruments not designated as hedging instruments under U.S. GAAP during the periods presented. Amounts include both realized and unrealized gains and losses. Second Quarter First Six Months (in millions) Income Statement Location 2019 2018 2019 2018 Interest rate contracts Interest expense $ 2 $ (6 ) $ 4 $ (30 ) FX contracts Cost of sales 1 — 3 — FX contracts Other expense (income), net — (7 ) 6 (13 ) Commodity contracts Cost of sales (3 ) 3 12 5 Commodity contracts SG&A expenses 2 — (12 ) — Total $ 2 $ (10 ) $ 13 $ (38 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share	The following table presents the Company 's basic and diluted EPS and shares outstanding: Second Quarter First Six Months (in millions, except per share data) 2019 2018 2019 2018 Basic EPS: Net income attributable to KDP $ 314 $ 83 $ 544 $ 171 Weighted average common shares outstanding 1,406.7 790.5 1,406.5 790.5 Earnings per common share — basic $ 0.22 $ 0.10 $ 0.39 $ 0.21 Diluted EPS: Net income attributable to KDP $ 314 $ 83 $ 544 $ 171 Impact of dilutive securities in Maple Parent Corporation — 2 — 3 Total $ 314 $ 81 $ 544 $ 168 Weighted average common shares outstanding 1,406.7 790.5 1,406.5 790.5 Effect of dilutive securities: Stock options 0.5 — 0.7 — RSUs 12.0 — 11.3 — Weighted average common shares outstanding and common stock equivalents 1,419.2 790.5 1,418.5 790.5 Earnings per common share — diluted $ 0.22 $ 0.10 $ 0.38 $ 0.21 Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation 0.1 — 0.1 —

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock based compensation expense	The components of stock-based compensation expense are presented below: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Total stock-based compensation expense $ 20 $ 9 $ 34 $ 20 Income tax benefit recognized in the Statements of Income (4 ) (2 ) (7 ) (5 ) Stock-based compensation expense, net of tax $ 16 $ 7 $ 27 $ 15
Schedule of share-based compensation, restricted stock and restricted stock units activity	The table below summarizes RSU activity : 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 3.5 $ 478 Granted 5,200,620 26.25 Vested and released (4,368 ) 24.20 — Forfeited (1,136,796 ) 19.07 Outstanding as of June 30, 2019 22,685,354 $ 17.93 3.0 $ 656

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Accumulated other comprehensive income (loss), net of taxes	The following table provides a summary of changes in Accumulated Other Comprehensive Income (Loss) , net of taxes: (in millions) Foreign Currency Translation Adjustments Pension and PRMB Liabilities Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2019 $ (33 ) $ (4 ) $ (37 ) Other comprehensive income 88 — 88 Balance as of June 30, 2019 $ 55 $ (4 ) $ 51 Balance as of January 1, 2019 $ (126 ) $ (4 ) $ (130 ) Other comprehensive income 181 — 181 Balance as of June 30, 2019 $ 55 $ (4 ) $ 51 Balance as of April 1, 2018 $ 75 $ — $ 75 Other comprehensive loss (16 ) — (16 ) Balance as of June 30, 2018 $ 59 $ — $ 59 Balance as of January 1, 2018 $ 99 $ — $ 99 Other comprehensive loss (40 ) — (40 ) Balance as of June 30, 2018 $ 59 $ — $ 59

Other Financial Information (Ta

Other Financial Information (Tables)	6 Months Ended
	Jun. 30, 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: June 30, December 31, (in millions) 2019 2018 Inventories: Raw materials $ 207 $ 204 Work in process 8 7 Finished goods 471 415 Total inventories $ 686 $ 626 Prepaid expenses and other current assets: Other receivables $ 49 $ 51 Customer incentive programs 80 12 Derivative instruments 10 9 Prepaid marketing 43 29 Spare parts 45 43 Assets held for sale 7 8 Income tax receivable 13 22 Other 70 80 Total prepaid expenses and other current assets $ 317 $ 254 Other non-current assets: Customer incentive programs $ 29 $ 34 Marketable securities - trading (1) 40 44 Operating lease right-of-use assets (2) 355 — Derivative instruments 35 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) 32 17 Other 70 58 Total other non-current assets $ 572 $ 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 $40 million and $44 million as of June 30, 2019 and December 31, 2018 , respectively. (2) Refer to Note 3 for additional information . (3) Refer to Note 15 for additional information . June 30, December 31, (in millions) 2019 2018 Accrued expenses: Customer rebates & incentives $ 374 $ 342 Accrued compensation 148 214 Insurance reserve 39 37 Accrued interest 53 77 Accrued professional fees 29 113 Other accrued expenses 226 229 Total accrued expenses $ 869 $ 1,012 Other current liabilities: Dividends payable $ 212 $ 209 Income taxes payable 110 60 Operating lease liability (1) 61 — Finance lease liability (2) 37 26 Derivative instruments 29 34 Holdback liabilities 42 44 Other 25 33 Total other current liabilities $ 516 $ 406 Other non-current liabilities: Pension and post-retirement liability $ 29 $ 30 Insurance reserves 61 57 Operating lease liability (1) 290 — Finance lease liability (2) 253 305 Derivative instruments 5 16 Deferred compensation liability 40 44 Other 93 107 Total other non-current liabilities $ 771 $ 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)	6 Months Ended
	Jun. 30, 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 June 30, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 106 $ 106 $ 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 $ 160 $ 160 $ 139 $ 139 (1) Restricted cash and cash equivalents primarily represent amounts held in escrow in connection with the Big Red Acquisition and the Core Acquisition.
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 June 30, 2019 December 31, 2018 (in millions) Carrying Value Fair Value Carrying Value Fair Value Cash and cash equivalents 1 $ 106 $ 106 $ 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 $ 160 $ 160 $ 139 $ 139 (1) Restricted cash and cash equivalents primarily 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 Six Months (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 205 39 Purchases of intangibles 2 — Supplemental cash flow disclosures of non-cash financing activities: Dividends declared but not yet paid 212 — Finance lease additions 30 — Supplemental cash flow disclosures: Cash paid for interest 272 47 Cash paid for related party interest — 51 Cash paid for income taxes 142 71

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	Information about the Company 's operations by reportable segment is as follows: Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Segment Results – Net sales Coffee Systems $ 990 $ 949 $ 1,958 $ 1,897 Packaged Beverages 1,311 — 2,427 — Beverage Concentrates 370 — 674 — Latin America Beverages 141 — 257 — Net sales $ 2,812 $ 949 $ 5,316 $ 1,897
Reconciliation of operating profit (loss) from segments to consolidated	Second Quarter First Six Months (in millions) 2019 2018 2019 2018 Segment Results – Income from operations Coffee Systems $ 287 $ 274 $ 580 $ 531 Packaged Beverages 186 — 335 — Beverage Concentrates 244 — 445 — Latin America Beverages 26 — 37 — Total income from operations - segments 743 274 1,397 531 Unallocated corporate costs 156 107 312 186 Income from operations $ 587 $ 167 $ 1,085 $ 345

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table disaggregates the Company 's revenue by portfolio for the second quarter and first six months of 2019 and 2018 : (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total For the second quarter of 2019: CSD (1) $ — $ 541 $ 362 $ 102 $ 1,005 NCB (1) — 662 3 38 703 Pods (2) 783 — — — 783 Appliances 154 — — — 154 Other 53 108 5 1 167 Net sales $ 990 $ 1,311 $ 370 $ 141 $ 2,812 For the first six months of 2019: CSD (1) $ — $ 1,063 $ 660 $ 182 $ 1,905 NCB (1) — 1,163 5 74 1,242 Pods (2) 1,576 — — — 1,576 Appliances 277 — — — 277 Other 105 201 9 1 316 Net sales $ 1,958 $ 2,427 $ 674 $ 257 $ 5,316 For the second quarter of 2018: CSD (1) $ — $ — $ — $ — $ — NCB (1) — — — — — Pods (2) 763 — — — 763 Appliances 131 — — — 131 Other 55 — — — 55 Net sales $ 949 $ — $ — $ — $ 949 For the first six months of 2018: CSD (1) $ — $ — $ — $ — $ — NCB (1) — — — — — Pods (2) 1,557 — — — 1,557 Appliances 232 — — — 232 Other 108 — — — 108 Net sales $ 1,897 $ — $ — $ — $ 1,897 (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)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed consolidating statements of income	Condensed Consolidating Statements of Income For the Second Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 1,660 $ 1,207 $ (55 ) $ 2,812 Cost of sales — 661 580 (55 ) 1,186 Gross profit — 999 627 — 1,626 Selling, general and administrative expenses 1 668 359 — 1,028 Other operating expense, net — — 11 — 11 Income from operations (1 ) 331 257 — 587 Interest expense 198 3 28 (59 ) 170 Interest expense - related party — — — — — Loss on early extinguishment of debt — — — — — Other expense (income), net (239 ) 192 (11 ) 59 1 Income before provision for income taxes 40 136 240 — 416 Provision for income taxes (5 ) 42 65 — 102 Income before equity in earnings of consolidated subsidiaries 45 94 175 — 314 Equity in earnings of consolidated subsidiaries 269 14 — (283 ) — Net income $ 314 $ 108 $ 175 $ (283 ) $ 314 Condensed Consolidating Statements of Income For the First Six Months of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Net sales $ — $ 3,070 $ 2,345 $ (99 ) $ 5,316 Cost of sales — 1,232 1,159 (99 ) 2,292 Gross profit — 1,838 1,186 — 3,024 Selling, general and administrative expenses 5 1,230 704 — 1,939 Other operating expense, net — (10 ) 10 — — Income from operations (5 ) 618 472 — 1,085 Interest expense 398 7 57 (123 ) 339 Interest expense - related party — — — — — Loss on early extinguishment of debt 9 — — — 9 Other (income) expense, net (251 ) 147 (13 ) 123 6 Income before provision for income taxes (161 ) 464 428 — 731 Provision for income taxes (54 ) 126 115 — 187 Income before equity in earnings of consolidated subsidiaries (107 ) 338 313 — 544 Equity in earnings of consolidated subsidiaries 651 14 — (665 ) — Net income $ 544 $ 352 $ 313 $ (665 ) $ 544
Condensed consolidating statements of comprehensive income	Condensed Consolidating Statements of Comprehensive Income For the Second Quarter of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income $ 402 $ 178 $ 264 $ (442 ) $ 402 Condensed Consolidating Statements of Comprehensive Income For the First Six Months of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Comprehensive income $ 725 $ 497 $ 495 $ (992 ) $ 725
Condensed consolidating balance sheets	Condensed Consolidating Balance Sheets As of June 30, 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Current assets: Cash and cash equivalents $ — $ 11 $ 95 $ — $ 106 Restricted cash and restricted cash equivalents 40 2 2 — 44 Trade accounts receivable, net — 642 426 — 1,068 Related party receivable 135 74 64 (273 ) — Inventories — 250 436 — 686 Prepaid expenses and other current assets 613 199 115 (610 ) 317 Total current assets 788 1,178 1,138 (883 ) 2,221 Property, plant and equipment, net — 1,297 993 — 2,290 Investments in consolidated subsidiaries 41,003 4,971 — (45,974 ) — Investments in unconsolidated affiliates — 63 107 — 170 Goodwill — 8,239 11,800 — 20,039 Other intangible assets, net — 16,857 7,371 — 24,228 Long-term receivable, related parties 5,066 8,623 — (13,689 ) — Other non-current assets 61 248 263 — 572 Deferred tax assets — — 27 — 27 Total assets $ 46,918 $ 41,476 $ 21,699 $ (60,546 ) $ 49,547 Current liabilities: Accounts payable $ — $ 990 $ 1,919 $ — $ 2,909 Accrued expenses 53 596 220 — 869 Structured payables — 47 548 — 595 Related party payable 74 95 104 (273 ) — Short-term borrowings and current portion of long-term obligations 1,806 — — — 1,806 Other current liabilities 269 679 178 (610 ) 516 Total current liabilities 2,202 2,407 2,969 (883 ) 6,695 Long-term obligations to third parties 13,164 — — — 13,164 Long-term obligations to related parties 8,589 3,440 1,660 (13,689 ) — Deferred tax liabilities 40 4,107 1,887 — 6,034 Other non-current liabilities 40 495 236 — 771 Total liabilities 24,035 10,449 6,752 (14,572 ) 26,664 Total stockholders' equity 22,883 31,027 14,947 (45,974 ) 22,883 Total liabilities and stockholders' equity $ 46,918 $ 41,476 $ 21,699 $ (60,546 ) $ 49,547 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 Six Months of 2019 (in millions) Parent Guarantors Non-Guarantors Eliminations Total Operating activities: Net cash (used in) provided by operating activities $ (178 ) $ 812 $ 581 $ (12 ) $ 1,203 Investing activities: Acquisitions of businesses — (3 ) (5 ) — (8 ) Collections on (issuances of) related party notes receivable 535 (789 ) (14 ) 254 (14 ) Investments in unconsolidated affiliates — (11 ) — — (11 ) Purchases of property, plant and equipment — (44 ) (74 ) — (118 ) Proceeds from sales of property, plant and equipment — 10 9 — 19 Purchases of intangibles — (4 ) — — (4 ) Return of capital from investments in consolidated subsidiaries — 32 — (32 ) — Other, net 10 — 12 — 22 Net cash provided by (used in) investing activities 545 (809 ) (72 ) 222 (114 ) Financing activities: Proceeds from (payments of) related party notes 763 — (509 ) (254 ) — Proceeds from term loan 2,000 — — — 2,000 Net issuance of commercial paper 381 — — — 381 Proceeds from structured payables — — 78 — 78 Payments on structured payables — — (9 ) — (9 ) Payments on senior unsecured notes (250 ) — — — (250 ) Repayment of term loan (2,848 ) — — — (2,848 ) Payments on finance leases — (11 ) (8 ) — (19 ) Cash dividends paid (423 ) — (44 ) 44 (423 ) Other, net 8 — 2 — 10 Net cash used in financing activities (369 ) (11 ) (490 ) (210 ) (1,080 ) Cash and cash equivalents — net change from: Operating, investing and financing activities (2 ) (8 ) 19 — 9 Effect of exchange rate changes on cash and cash equivalents — — 12 — 12 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 $ 23 $ 97 $ — $ 160

Background and Basis of Prese_4

Background and Basis of Presentation (Details) - USD ($) $ in Millions		Jan. 01, 2019	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finance lease liability	[1]		$ 37	$ 26
Finance lease liability	[1]		$ 253	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	Jun. 30, 2018	Jun. 30, 2019		Jun. 30, 2018	Jun. 30, 2019		Dec. 31, 2018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Goodwill				$ 20,039			$ 20,039		$ 20,011
Measurement period adjustment, goodwill				(75)
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		1,549		1,475	[1]		1,475	[1]
Measurement period adjustments, PP&E	[1]						(74)
Other intangible assets		20,404		20,078			20,078
Measurement period adjustments, intangible assets							(326)
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		107		81	[2]		81	[2]
Measurement period adjustments, acquired assets net of assumed liabilities	[2]						(26)
Deferred tax liabilities		(4,959)		(5,041)	[3]		(5,041)	[3]
Measurement period adjustment, deferred tax liabilities	[3]						(82)
Goodwill		9,407		9,906			9,906
Measurement period adjustment, goodwill							499
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		20,078			$ 20,078
Business Acquisition, Pro Forma Information [Abstract]
Net sales			$ 2,822			$ 5,351
Net income			$ 323			$ 534
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]			19,556
Contractual arrangements | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Indefinite-lived Intangible assets acquired	[5]			127
Customer relationships | DPS
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [Abstract]
Finite lived intangible assets acquired	[6]			390
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 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 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 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.
[4]	The Company valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach.
[5]	The Company 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

Acquisitions and Investments _4

Acquisitions and Investments in Unconsolidated Affiliates - Big Red (Details) - USD ($) $ in Millions		Aug. 31, 2018	Jul. 09, 2018	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill				$ 20,039	$ 20,039	$ 20,011
Measurement period adjustment, goodwill				(75)
Big Red
Business Acquisition [Line Items]
Cash and cash equivalents		$ 3		3	3
Cash purchase price		300
Inventory step up					2
Other intangible assets		240		238	238
Measurement period adjustments, intangible assets					(2)
Assumed liabilities, net of acquired assets	[1]	(28)		(48)	(48)
Measurement period adjustments, acquired assets net of assumed liabilities	[1]				(20)
Goodwill		89		113	113
Measurement period adjustment, goodwill					24
Total consideration exchanged	[2]	304		306	306
Measurement period adjustments, net	[2]				2
Company's previous ownership interest		22			22
Amount held in escrow		15			15
Acquisition of business		$ 267			269
Measurement period adjustment, acquisition of business					2
Brands | Big Red
Business Acquisition [Line Items]
Other intangible assets	[3]			11	$ 11
Acquired finite-lived intangible assets, weighted average useful life					5 years
Contractual arrangements | Big Red
Business Acquisition [Line Items]
Other intangible assets	[4]			6	$ 6
Acquired finite-lived intangible assets, weighted average useful life					12 years
Customer relationships | Big Red
Business Acquisition [Line Items]
Other intangible assets	[5]			1	$ 1
Brands | Big Red
Business Acquisition [Line Items]
Other intangible assets	[3]			$ 220	$ 220
Minimum | Customer relationships | Big Red
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			8 years
Maximum | Customer relationships | Big Red
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life			40 years
[1]	The Company valued WIP and finished goods inventory using a net realizable value approach, which resulted in a step-up of $2 million which was recognized in the cost of goods sold for the year ended December 31, 2018 as the related inventory was sold during that period. Raw materials were carried at net book value.
[2]	The Company paid $2 million in additional consideration during the fourth quarter of 2018 as a result of working capital adjustments determined pursuant to the terms of the Big Red Acquisition Agreement.
[3]	The Company valued the brand portfolio utilizing the multi-period excess earnings method, a form of the income approach
[4]	The Company valued contractual arrangements with bottlers and distributors utilizing the distributor method, a form of the income approach.
[5]	The Company identified two types of customer relationships, retail and industrial. We valued retail and industrial customer relationships utilizing the distributor method, a form of the income approach.

Acquisitions and Investments _5

Acquisitions and Investments in Unconsolidated Affiliates - Transaction Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Total transaction expenses incurred	$ 8	$ 39	$ 13	$ 75
DPS
Business Acquisition [Line Items]
Total transaction expenses incurred	4	39	6	75
Other Transactions [Member]
Business Acquisition [Line Items]
Total transaction expenses incurred	$ 4	$ 0	$ 7	$ 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	Jun. 30, 2019	Jun. 30, 2019	Sep. 27, 2018
Business Combination, Consideration Transferred [Abstract]
Goodwill			$ 20,011		$ 20,039	$ 20,039
Measurement period adjustment, goodwill					(75)
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)			(15)	(15)
Measurement period adjustments, acquired assets net of assumed liabilities	[1]					(3)
Goodwill		236			248	248
Measurement period adjustment, goodwill						12
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
[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	Jun. 30, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 170	$ 186
BA Sports Nutrition LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage	12.50%
Investments in unconsolidated affiliates	$ 52	62
Bedford
Schedule of Equity Method Investments [Line Items]
Ownership percentage	30.00%
Investments in unconsolidated affiliates	$ 65	79
Dyla LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	12.60%
Investments in unconsolidated affiliates	$ 14	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	28	19
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 6	$ 5

Acquisitions and Investments _8

Acquisitions and Investments in Unconsolidated Affiliates - Other Acquisitions (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 8	$ 0
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 8

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019		Jun. 30, 2018	Dec. 31, 2018
Lease, Cost [Abstract]
Operating lease cost	$ 20,000,000	$ 40,000,000
Amortization of right-of-use assets	10,000,000	20,000,000
Interest on lease liabilities	3,000,000	7,000,000
Variable lease cost(1)	8,000,000	14,000,000	[1]
Short-term lease cost	2,000,000	3,000,000
Sublease Income	(1,000,000)	(1,000,000)
Total lease cost	$ 42,000,000	83,000,000
Cash Flow, Operating Activities, Lessee [Abstract]
Operating cash flows from operating leases		38,000,000
Operating cash flows from finance leases		7,000,000
Cash Flow, Financing Activities, Lessee [Abstract]
Financing cash flows from finance leases		$ 19,000,000		$ 9,000,000
Lessee, Operating Lease, Description [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	4.60%	4.60%
Operating Lease, Weighted Average Remaining Lease Term	8 years	8 years
Lessee, Finance Lease, Description [Abstract]
Finance Lease, Weighted Average Discount Rate, Percent	5.30%	5.30%
Finance Lease, Weighted Average Remaining Lease Term	12 years	12 years
Operating Lease Liabilities, Payments Due [Abstract]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 39,000,000	$ 39,000,000
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	70,000,000	70,000,000
Lessee, Operating Lease, Liability, Payments, Due Year Two	56,000,000	56,000,000
Lessee, Operating Lease, Liability, Payments, Due Year Three	47,000,000	47,000,000
Lessee, Operating Lease, Liability, Payments, Due Year Four	39,000,000	39,000,000
Lessee, Operating Lease, Liability, Payments, Due Year Five	37,000,000	37,000,000
Lessee, Operating Lease, Liability, Payments, Due after Year Five	133,000,000	133,000,000
Lessee, Operating Lease, Liability, Payments, Due	421,000,000	421,000,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(70,000,000)	(70,000,000)
Operating Lease, Liability	351,000,000	351,000,000
Finance Lease Liabilities, Payments, Due [Abstract]
Finance Lease, Liability, Payments, Remainder of Fiscal Year	26,000,000	26,000,000
Finance Lease, Liability, Payments, Due Next Twelve Months	49,000,000	49,000,000
Finance Lease, Liability, Payments, Due Year Two	42,000,000	42,000,000
Finance Lease, Liability, Payments, Due Year Three	36,000,000	36,000,000
Finance Lease, Liability, Payments, Due Year Four	33,000,000	33,000,000
Finance Lease, Liability, Payments, Due Year Five	30,000,000	30,000,000
Finance Lease, Liability, Payments, Due after Year Five	171,000,000	171,000,000
Finance Lease, Liability, Payments, Due	387,000,000	387,000,000
Finance Lease, Liability, Undiscounted Excess Amount	(97,000,000)	(97,000,000)
Finance Lease, Liability	290,000,000	290,000,000
Lessee, Lease, Description [Line Items]
Leases not yet commenced, estimated obligation	$ 470,000,000	$ 470,000,000
Operating Leases under ASC 840 [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months					$ 58,000,000
Operating Leases, Future Minimum Payments, Due in Two Years					53,000,000
Operating Leases, Future Minimum Payments, Due in Three Years					44,000,000
Operating Leases, Future Minimum Payments, Due in Four Years					34,000,000
Operating Leases, Future Minimum Payments, Due in Five Years					25,000,000
Operating Leases, Future Minimum Payments, Due Thereafter					98,000,000
Operating Leases, Future Minimum Payments Due					312,000,000
Capital Leases under ASC 840 [Abstract]
Capital Leases, Future Minimum Payments Due, Next Twelve Months					35,000,000
Capital Leases, Future Minimum Payments Due in Two Years					34,000,000
Capital Leases, Future Minimum Payments Due in Three Years					33,000,000
Capital Leases, Future Minimum Payments Due in Four Years					33,000,000
Capital Leases, Future Minimum Payments Due in Five Years					30,000,000
Capital Leases, Future Minimum Payments Due Thereafter					189,000,000
Capital Leases, Future Minimum Payments Due					354,000,000
Capital Leases, Future Minimum Payments, Interest Included in Payments					(98,000,000)
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments					256,000,000
Financing Obligations under ASC 840 [Abstract]
Financing Obligations, Future Minimum Payments, Current					10,000,000
Financing Obligations, Future Minimum Payments, Due in Two Years					10,000,000
Financing Obligations, Future Minimum Payments, Due in Three Years					10,000,000
Financing Obligations, Future Minimum Payments, Due in Four Years					10,000,000
Financing Obligations, Future Minimum Payments, Due in Five Years					10,000,000
Financing Obligations, Future Minimum Payments, Due Thereafter					62,000,000
Financing Obligations, Future Minimum Payments					112,000,000
Financing Obligations, Future Minimum Payments, Imputed Interest					(37,000,000)
Financing Obligations					$ 75,000,000
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	7 years	7 years
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	16 years	16 years
[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	6 Months Ended
	Jun. 30, 2019USD ($)
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	$ 20,011
Foreign currency impact	103
Acquisitions	(75)
Balance as of June 30, 2019	20,039
Beverage Concentrates
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	4,265
Foreign currency impact	16
Acquisitions	242
Balance as of June 30, 2019	4,523
Packaged Beverages
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	4,878
Foreign currency impact	27
Acquisitions	254
Balance as of June 30, 2019	5,159
Latin America Beverages
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	618
Foreign currency impact	14
Acquisitions	(73)
Balance as of June 30, 2019	559
Coffee Systems
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	9,725
Foreign currency impact	46
Acquisitions	3
Balance as of June 30, 2019	9,774
Corporate and Other [Member]
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2019	525	[1]
Foreign currency impact	0	[1]
Acquisitions	(501)	[1]
Balance as of June 30, 2019	$ 24	[1]
[1]	Amounts primarily represent measurement period adjustments for the DPS Merger, the Big Red Acquisition, and the Core Acquisition. Refer to Note 2 for further information.

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		$ 22,628		$ 22,628		$ 22,310
Finite-lived intangible assets, gross		1,953		1,953		1,950
Accumulated Amortization		(353)		(353)		(293)
Finite-lived intangible assets, net		1,600		1,600		1,657
Amortization expense for intangible assets with definite lives		32	$ 29	63	$ 59
Amortization expense of intangible assets [Abstract]
Remainder of year		63		63
Year one		126		126
Year two		126		126
Year three		126		126
Year four		126		126
Year five		121		121
Acquired technology
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		1,146		1,146		1,146
Accumulated Amortization		(218)		(218)		(182)
Finite-lived intangible assets, net		928		928		964
Customer relationships
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		638		638		629
Accumulated Amortization		(85)		(85)		(67)
Finite-lived intangible assets, net		553		553		562
Trade Names
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		127		127		127
Accumulated Amortization		(47)		(47)		(40)
Finite-lived intangible assets, net		80		80		87
Favorable leases
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross	[1]	0		0		13
Accumulated Amortization	[1]	0		0		(3)
Finite-lived intangible assets, net	[1]	0		0		10
Brands
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		11		11		9
Accumulated Amortization		(1)		(1)		0
Finite-lived intangible assets, net		10		10		9
Distribution rights
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		6		6		0
Accumulated Amortization		0		0		0
Finite-lived intangible assets, net		6		6		0
Contractual arrangements
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		25		25		26
Accumulated Amortization		(2)		(2)		(1)
Finite-lived intangible assets, net		23		23		25
Brands
Indefinite and Finite-Lived Intangible Assets by Major Class [Line Items]
Indefinite-lived Intangible Assets, Foreign Currency Translation Gain (Loss)				113
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)	[2]	20,025		20,025		19,712
Trade Names
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		2,479		2,479		2,479
Contractual arrangements
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		122		122		119
Distribution rights
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		$ 2		$ 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.
[2]	Approximately $113 million of the increase in brands with indefinite lives was due to foreign currency translation during the period. The remaining change represents measurement period adjustments for the DPS Merger. Refer to Note 2 for further information.

Restructuring and Integration_3

Restructuring and Integration Costs - Schedule of Charges Incurred (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	$ 32	$ 34	$ 93	$ 40
Keurig 2.0 exit | Corporate Unallocated
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	0	7	1	12
Integration program
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges					$ 247
Integration program | Corporate Unallocated
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	32	26	92	26
Other restructuring programs | Corporate Unallocated
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	$ 0	$ 1	$ 0	$ 2

Restructuring and Integration_4

Restructuring and Integration Costs - Restructuring Liabilities (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 29
Charges to expense	10
Cash payments	(34)
Non-cash adjustment items	0
Balance at end of period	5
Workforce Reduction Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	28
Charges to expense	10
Cash payments	(34)
Non-cash adjustment items	1
Balance at end of period	5
Other
Restructuring Reserve [Roll Forward]
Balance at beginning of period	1
Charges to expense	0	[1]
Cash payments	0	[1]
Non-cash adjustment items	(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		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Expected annual synergies			$ 600
Expected cost	$ 750		750		$ 750
Restructuring and integration charges	$ 32	$ 34	$ 93	$ 40
Integration program
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges					$ 247

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate	24.50%	13.30%	25.60%	26.90%
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	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 13,509	$ 14,580
Long-term Debt, Current Maturities	(345)	(379)
Long-term obligations	13,164	14,201
Senior Notes
Debt Instrument [Line Items]
Long-term debt	11,785	12,019
Long-term Debt, Current Maturities	(248)	(250)
Line of Credit
Debt Instrument [Line Items]
Long-term debt	1,724	2,561
Long-term Debt, Current Maturities	(97)	(129)
KDP Term Loan | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 1,724	$ 2,561

Long-term Obligations and Bor_4

Long-term Obligations and Borrowing Arrangements - Current Debt (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Current portion of long-term debt	$ 345	$ 379
Short-term borrowings and current portion of long-term obligations	1,806	1,458
Commercial Paper
Short-term Debt [Line Items]
Short-term debt	1,461	1,079
Nonrecurring
Short-term Debt [Line Items]
Short-term borrowings and current portion of long-term obligations, fair value	1,807	1,458
Level 2 | Nonrecurring | Commercial Paper
Short-term Debt [Line Items]
Short-term debt fair value	1,461	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	249	250
Line of Credit
Short-term Debt [Line Items]
Current portion of long-term debt	97	129
Line of Credit | Level 2 | Nonrecurring
Short-term Debt [Line Items]
Current portion of long-term debt, fair value	$ 97	$ 129

Long-term Obligations and Bor_5

Long-term Obligations and Borrowing Arrangements - Senior Unsecured Notes (Details) - USD ($) $ in Millions		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt		$ 13,509	$ 14,580
Senior Notes
Debt Instrument [Line Items]
Long term debt, carrying value		11,975	12,225
Unamortized discounts and debt issuance costs		(190)	(206)
Long-term debt		$ 11,785	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		12,633	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		249	245
Level 2 | Nonrecurring | Senior Notes | 2021 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		1,823	1,742
Level 2 | Nonrecurring | Senior Notes | 2021-A Notes
Debt Instrument [Line Items]
Long-term debt, fair value		253	244
Level 2 | Nonrecurring | Senior Notes | 2021-B Notes
Debt Instrument [Line Items]
Long-term debt, fair value		250	240
Level 2 | Nonrecurring | Senior Notes | 2022 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		249	237
Level 2 | Nonrecurring | Senior Notes | 2023 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		2,152	1,988
Level 2 | Nonrecurring | Senior Notes | 2023 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		506	474
Level 2 | Nonrecurring | Senior Notes | 2025 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		1,072	999
Level 2 | Nonrecurring | Senior Notes | 2025 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		509	467
Level 2 | Nonrecurring | Senior Notes | 2026 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		383	346
Level 2 | Nonrecurring | Senior Notes | 2027 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		505	458
Level 2 | Nonrecurring | Senior Notes | 2028 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		2,180	1,981
Level 2 | Nonrecurring | Senior Notes | 2038 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		548	483
Level 2 | Nonrecurring | Senior Notes | 2038 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		163	151
Level 2 | Nonrecurring | Senior Notes | 2045 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		554	478
Level 2 | Nonrecurring | Senior Notes | 2046 Notes
Debt Instrument [Line Items]
Long-term debt, fair value		398	342
Level 2 | Nonrecurring | Senior Notes | 2048 Merger Notes
Debt Instrument [Line Items]
Long-term debt, fair value		$ 839	$ 716
[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		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt		$ 13,509	$ 14,580
Line of Credit
Debt Instrument [Line Items]
Long term debt, carrying value		1,735	2,583
Unamortized discounts and debt issuance costs		(11)	(22)
Long-term debt		1,724	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		1,724	2,561
KDP Term Loan | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long term debt, carrying value	[2]	1,735	0
Revolving Credit Facility | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long term debt, carrying value		0	0
364 Day Credit Agreement [Member]
Debt Instrument [Line Items]
Long term debt, carrying value		0	0
Long-term debt, fair value		0	0
Level 2 | Line of Credit
Debt Instrument [Line Items]
Long-term debt, fair value		1,735	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]	1,735	0
Level 2 | Revolving Credit Facility | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long-term debt, fair value		$ 0	$ 0
[1]	In 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 no loss on extinguishment of debt during the second quarter of 2019 and $5 million of loss on early extinguishment during the first six months of 2019 . This KDP Term Loan was refinanced with the New KDP Term Loan in February 2019.
[2]	The Company borrowed $65 million and $215 million of Commercial Paper during the second quarter and first six months of 2019 , respectively, to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which were voluntary prepayments. As a result of these voluntary prepayments, the Company recorded no loss on extinguishment of debt during the second quarter of 2019 and $1 million of loss on early extinguishment during the first six months 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
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Short-term Debt [Line Items]
Average outstanding amount	$ 2,074	$ 0	$ 1,911	$ 0
Weighted average interest rate over time	2.76%	0.00%	2.83%	0.00%
Short-term debt	$ 1,461		$ 1,461		$ 1,079

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		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Feb. 08, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Gain (Loss) on Extinguishment of Debt		$ 0	$ 0	$ (9)	$ (2)
KDP Term Loan
Line of Credit Facility [Line Items]
Voluntary Prepayment of KDP Term Loan		65		215
Old Term Loan [Member]
Line of Credit Facility [Line Items]
Voluntary Prepayment of KDP Term Loan				583
364 Day Credit Agreement [Member]
Line of Credit Facility [Line Items]
Long term debt, carrying value		0		0			$ 0
Long-term debt, fair value		0		0			0
Maximum borrowing capacity		750		750
Line of credit outstanding		0		$ 0
Minimum | LIBOR | 364 Day Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.00%
Minimum | Base Rate | 364 Day Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.00%
Maximum | LIBOR | 364 Day Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.625%
Maximum | Base Rate | 364 Day Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.625%
KDP Credit Agreement | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		2,400		$ 2,400
Line of credit outstanding		0		0
KDP Credit Agreement | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		200		200
Letters of credit outstanding		0		$ 0
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		1,735		$ 1,735			2,583
Line of Credit | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		100		100
Letters of credit outstanding		48		48
Remaining borrowing capacity		52		52
Line of Credit | KDP Credit Agreement | KDP Term Loan
Line of Credit Facility [Line Items]
Long term debt, carrying value	[1]	1,735		$ 1,735			0
Face amount						$ 2,000
Redemption percentage				1.25%
Debt Instrument, Annual Principal Payment		100		$ 100
Line of Credit | KDP Credit Agreement | Revolving Credit Facility
Line of Credit Facility [Line Items]
Long term debt, carrying value		0		0			0
Line of Credit | KDP Credit Agreement | Old Term Loan [Member]
Line of Credit Facility [Line Items]
Long term debt, carrying value	[2]	0		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		0		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		$ 0		$ 5
[1]	The Company borrowed $65 million and $215 million of Commercial Paper during the second quarter and first six months of 2019 , respectively, to prepay a portion of its outstanding obligations under the 2019 New Term Loan Agreement, all of which were voluntary prepayments. As a result of these voluntary prepayments, the Company recorded no loss on extinguishment of debt during the second quarter of 2019 and $1 million of loss on early extinguishment during the first six months of 2019 .
[2]	In 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 no loss on extinguishment of debt during the second quarter of 2019 and $5 million of loss on early extinguishment during the first six months of 2019 . This KDP Term Loan was refinanced with the New KDP Term Loan in February 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	Jun. 30, 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		6 Months Ended
		Jun. 30, 2019	Dec. 31, 2018
Receive-Fixed, Pay-Variable Interest Rate Swaps
Derivative [Line Items]
Notional amount terminated early during the period		$ 920
Cash received from early termination of derivatives		2
Receive-Fixed, Pay-Variable Interest Rate Swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	[1]	50	$ 1,070
Receive-Variable Pay-Fixed Interest Rate Swaps
Derivative [Line Items]
Notional amount terminated early during the period		1,400
Cash received from early termination of derivatives		38
Receive-Variable Pay-Fixed Interest Rate Swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	[2]	$ 575	2,125
Interest Rate Contract | Minimum
Derivative [Line Items]
Derivative maturity range		2 years
Interest Rate Contract | Maximum
Derivative [Line Items]
Derivative maturity range		19 years
Foreign Exchange Forward | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount		$ 475	348
Foreign Exchange Forward | Minimum
Derivative [Line Items]
Derivative maturity range		1 month
Foreign Exchange Forward | Maximum
Derivative [Line Items]
Derivative maturity range		5 years
Commodity Contract | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount		$ 271	$ 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 first six months of 2019 , the Company elected to terminate $920 million notional amount of receive-fixed, pay-variable interest rate swaps and received cash of $2 million .
[2]	During the first six months of 2019 , the Company elected to terminate $1,400 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $38 million .

Derivatives - Fair Value (Detai

Derivatives - Fair Value (Details) - Recurring - Level 2 - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Interest Rate Contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	$ 0	$ 7
Interest Rate Contract | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	1	2
Interest Rate Contract | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	20	77
Interest Rate Contract | Not Designated as Hedging Instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	0	6
Foreign Exchange Forward | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	2	0
Foreign Exchange Forward | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	1	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	27	27
Commodity Contract | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	8	3
Commodity Contract | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	6	3
Commodity Contract | Not Designated as Hedging Instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	$ 5	$ 10

Derivatives - Impact on Net Inc

Derivatives - Impact on Net Income (Details) - Not Designated as Hedging Instrument - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	$ 2	$ (10)	$ 13	$ (38)
Commodity Contract | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	(3)	3	12	5
Commodity Contract | SG&A expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	2	0	(12)	0
Interest Rate Contract | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	2	(6)	4	(30)
Foreign Exchange Forward | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	1	0	3	0
Foreign Exchange Forward | Other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	$ 0	$ (7)	$ 6	$ (13)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Basic EPS:
Net income attributable to KDP	$ 314	$ 230	$ 83	$ 88	$ 544	$ 171
Weighted average common shares outstanding (in shares)	1,406.7		790.5		1,406.5	790.5
Earnings per common share - basic (in dollars per share)	$ 0.22		$ 0.10		$ 0.39	$ 0.21
Diluted EPS:
Net income attributable to KDP	$ 314	$ 230	$ 83	$ 88	$ 544	$ 171
Impact of dilutive securities in Maple Parent Corporation	0		2		0	3
Total	$ 314		$ 81		$ 544	$ 168
Weighted average common shares outstanding (in shares)	1,406.7		790.5		1,406.5	790.5
Effect of dilutive securities:
Weighted average common shares outstanding and common stock equivalents (in shares)	1,419.2		790.5		1,418.5	790.5
Earnings per common share - diluted (in dollars per share)	$ 0.22		$ 0.10		$ 0.38	$ 0.21
Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation (in shares)	0.1		0		0.1	0
Stock options
Effect of dilutive securities:
Effect of dilutive securities (in shares)	0.5		0		0.7	0
RSUs
Effect of dilutive securities:
Effect of dilutive securities (in shares)	12		0		11.3	0

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2017
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
Total stock-based compensation expense	$ 20	$ 9	$ 34	$ 20
Income tax benefit recognized in the Statements of Income	(4)	(2)	(7)	(5)
Stock-based compensation expense, net of tax	$ 16	$ 7	$ 27	$ 15
RSUs
RSUs
Outstanding as of beginning of the period (in shares)			18,625,898
Granted (in shares)			5,200,620
Vested and released (in shares)			(4,368)
Forfeited (in shares)			(1,136,796)
Outstanding as of end of the period (in shares)	22,685,354		22,685,354
Unrecognized compensation costs related to nonvested awards	$ 297		$ 297
Weighted average recognition period of unrecognized compensation costs			3 years 10 months 24 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)			26.25
Vested and released (in dollars per share)			24.20
Forfeited (in dollars per share)			19.07
Outstanding as of the end of the period (in dollars per share)	$ 17.93		$ 17.93
Weighted Average Remaining Contractual Term (Years)
Outstanding			3 years		3 years 6 months
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	$ 656		$ 656

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	$ 22,674	$ 22,533	$ 7,434	$ 7,398	$ 22,533	$ 7,398
Net current period other comprehensive income	88	93	(16)	(24)
Total equity at end of period	22,883	22,674	7,484	7,434	22,883	7,484
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(37)	(130)	75	99	(130)	99
Other comprehensive income	88		(16)		181	(40)
Net current period other comprehensive income	88	93	(16)	(24)
Total equity at end of period	51	(37)	59	75	51	59
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(33)	(126)	75	99	(126)	99
Other comprehensive income	88		(16)		181	(40)
Total equity at end of period	55	(33)	59	75	55	59
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)	(4)	0	0	(4)	0
Other comprehensive income	0		0		0	0
Total equity at end of period	$ (4)	$ (4)	$ 0	$ 0	$ (4)	$ 0

Other Financial Information (De

Other Financial Information (Details) - USD ($) $ in Millions		Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials		$ 207	$ 204
Work in process		8	7
Finished goods		471	415
Total inventories		686	626
Prepaid expenses and other current assets:
Other receivables		49	51
Customer incentive programs		80	12
Derivative instruments		10	9
Prepaid marketing		43	29
Spare parts		45	43
Assets held for sale		7	8
Income tax receivable		13	22
Other		70	80
Prepaid expenses and other current assets		317	254
Other non-current assets:
Customer incentive programs		29	34
Marketable securities - trading	[1]	40	44
Operating lease right-of-use assets	[2]	355	0
Derivative instruments		35	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]	32	17
Other		70	58
Total other non-current assets		572	259
Accrued expenses:
Customer rebates & incentives		374	342
Accrued compensation		148	214
Insurance reserve		39	37
Interest accrual		53	77
Accrued professional fees		29	113
Other accrued expenses		226	229
Total accrued expenses		869	1,012
Other current liabilities:
Dividends payable		212	209
Income taxes payable		110	60
Operating lease liability	[4]	61	0
Finance lease liability	[5]	37	26
Derivative instruments		29	34
Holdback liabilities		42	44
Other		25	33
Total other current liabilities		516	406
Other non-current liabilities:
Long-term pension and postretirement liability		29	30
Insurance reserves		61	57
Operating lease liability	[4]	290	0
Finance lease liability	[5]	253	305
Derivative instruments		5	16
Deferred compensation liability		40	44
Other		93	107
Other non-current liabilities		771	559
Suppliers Utilizing Third Party Services
Other Financial Information [Line Items]
Accounts payable		$ 2,096	$ 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 $40 million and $44 million as of June 30, 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		Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		$ 106	$ 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		160	139	$ 8,284	$ 95
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		106	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		$ 160	$ 139
[1]	Restricted cash and cash equivalents primarily 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	6 Months Ended
	Jun. 30, 2019	Jun. 30, 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	205	39
Non Cash purchase of intangibles	2	0
Dividends declared but not yet paid	212		$ 0
Capital Lease Obligations Incurred	30	0
Cash paid for interest	272	47
Cash paid for related party interest	0	51
Cash paid for income taxes	$ 142	$ 71

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	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Outstanding receivables, related party	$ 32	$ 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		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			4
Segment Results – Income from operations
Net sales	$ 2,812	$ 949	$ 5,316	$ 1,897
Income from operations	587	167	1,085	345
Beverage Concentrates
Segment Results – Income from operations
Net sales	370	0	674	0
Packaged Beverages
Segment Results – Income from operations
Net sales	1,311	0	2,427	0
Latin America Beverages
Segment Results – Income from operations
Net sales	141	0	257	0
Coffee Systems
Segment Results – Income from operations
Net sales	990	949	1,958	1,897
Operating Segments
Segment Results – Income from operations
Income from operations	743	274	1,397	531
Operating Segments | Beverage Concentrates
Segment Results – Income from operations
Income from operations	244	0	445	0
Operating Segments | Packaged Beverages
Segment Results – Income from operations
Income from operations	186	0	335	0
Operating Segments | Latin America Beverages
Segment Results – Income from operations
Income from operations	26	0	37	0
Operating Segments | Coffee Systems
Segment Results – Income from operations
Income from operations	287	274	580	531
Corporate Unallocated
Segment Results – Income from operations
Income from operations	$ 156	$ 107	$ 312	$ 186

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019		Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Net sales		$ 2,812	$ 949	$ 5,316		$ 1,897
CSD
Disaggregation of Revenue [Line Items]
Net sales		1,005	0	1,905	[1]	0	[1]
NCB
Disaggregation of Revenue [Line Items]
Net sales		703	0	1,242	[1]	0	[1]
Pods
Disaggregation of Revenue [Line Items]
Net sales		783	763	1,576	[2]	1,557	[2]
Appliances
Disaggregation of Revenue [Line Items]
Net sales		154	131	277		232
Other
Disaggregation of Revenue [Line Items]
Net sales		167	55	316		108
Beverage Concentrates
Disaggregation of Revenue [Line Items]
Net sales		370	0	674		0
Beverage Concentrates | CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	362	0	660		0
Beverage Concentrates | NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	3	0	5		0
Beverage Concentrates | Pods
Disaggregation of Revenue [Line Items]
Net sales	[2]	0	0	0		0
Beverage Concentrates | Appliances
Disaggregation of Revenue [Line Items]
Net sales		0	0	0		0
Beverage Concentrates | Other
Disaggregation of Revenue [Line Items]
Net sales		5	0	9		0
Packaged Beverages
Disaggregation of Revenue [Line Items]
Net sales		1,311	0	2,427		0
Packaged Beverages | CSD
Disaggregation of Revenue [Line Items]
Net sales		541	0	1,063	[1]	0	[1]
Packaged Beverages | NCB
Disaggregation of Revenue [Line Items]
Net sales		662	0	1,163	[1]	0	[1]
Packaged Beverages | Pods
Disaggregation of Revenue [Line Items]
Net sales		0	0	0	[2]	0	[2]
Packaged Beverages | Appliances
Disaggregation of Revenue [Line Items]
Net sales		0	0	0		0
Packaged Beverages | Other
Disaggregation of Revenue [Line Items]
Net sales		108	0	201		0
Latin America Beverages
Disaggregation of Revenue [Line Items]
Net sales		141	0	257		0
Latin America Beverages | CSD
Disaggregation of Revenue [Line Items]
Net sales		102	0	182	[1]	0	[1]
Latin America Beverages | NCB
Disaggregation of Revenue [Line Items]
Net sales		38	0	74	[1]	0	[1]
Latin America Beverages | Pods
Disaggregation of Revenue [Line Items]
Net sales		0	0	0	[2]	0	[2]
Latin America Beverages | Appliances
Disaggregation of Revenue [Line Items]
Net sales		0	0	0		0
Latin America Beverages | Other
Disaggregation of Revenue [Line Items]
Net sales		1	0	1		0
Coffee Systems
Disaggregation of Revenue [Line Items]
Net sales		990	949	1,958		1,897
Coffee Systems | CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	0	0	0		0
Coffee Systems | NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	0	0	0		0
Coffee Systems | Pods
Disaggregation of Revenue [Line Items]
Net sales	[2]	783	763	1,576		1,557
Coffee Systems | Appliances
Disaggregation of Revenue [Line Items]
Net sales		154	131	277		232
Coffee Systems | Other
Disaggregation of Revenue [Line Items]
Net sales		$ 53	$ 55	$ 105		$ 108
[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				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Condensed Income Statements, Captions [Line Items]
Net sales	$ 2,812		$ 949		$ 5,316	$ 1,897
Cost of sales	1,186		458		2,292	925
Gross profit	1,626		491		3,024	972
Selling, general and administrative expenses	1,028		321		1,939	621
Other operating expense, net	11		3		0	6
Income from operations	587		167		1,085	345
Interest expense	170				339
Interest expense - related party	0		26		0	51
Loss on early extinguishment of debt	0		0		9	2
Other expense (income), net	1		(8)		6	5
Income before provision for income taxes	416		98		731	238
Provision for income taxes	102		13		187	64
Income before equity in earnings of consolidated subsidiaries	314				544
Equity in earnings of consolidated subsidiaries	0				0
Net income	314		85		544	174
Less: Net income attributable to employee redeemable non-controlling interest and mezzanine equity awards	0		2		0	3
Net income attributable to KDP	314	$ 230	$ 83	$ 88	544	$ 171
Reportable Legal Entities | Parent
Condensed Income Statements, Captions [Line Items]
Net sales	0				0
Cost of sales	0				0
Gross profit	0				0
Selling, general and administrative expenses	1				5
Other operating expense, net	0				0
Income from operations	(1)				(5)
Interest expense	198				398
Interest expense - related party	0				0
Loss on early extinguishment of debt	0				9
Other expense (income), net	(239)				(251)
Income before provision for income taxes	40				(161)
Provision for income taxes	(5)				(54)
Income before equity in earnings of consolidated subsidiaries	45				(107)
Equity in earnings of consolidated subsidiaries	269				651
Net income	314				544
Reportable Legal Entities | Guarantors
Condensed Income Statements, Captions [Line Items]
Net sales	1,660				3,070
Cost of sales	661				1,232
Gross profit	999				1,838
Selling, general and administrative expenses	668				1,230
Other operating expense, net	0				(10)
Income from operations	331				618
Interest expense	3				7
Interest expense - related party	0				0
Loss on early extinguishment of debt	0				0
Other expense (income), net	192				147
Income before provision for income taxes	136				464
Provision for income taxes	42				126
Income before equity in earnings of consolidated subsidiaries	94				338
Equity in earnings of consolidated subsidiaries	14				14
Net income	108				352
Reportable Legal Entities | Non-Guarantors
Condensed Income Statements, Captions [Line Items]
Net sales	1,207				2,345
Cost of sales	580				1,159
Gross profit	627				1,186
Selling, general and administrative expenses	359				704
Other operating expense, net	11				10
Income from operations	257				472
Interest expense	28				57
Interest expense - related party	0				0
Loss on early extinguishment of debt	0				0
Other expense (income), net	(11)				(13)
Income before provision for income taxes	240				428
Provision for income taxes	65				115
Income before equity in earnings of consolidated subsidiaries	175				313
Equity in earnings of consolidated subsidiaries	0				0
Net income	175				313
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	(55)				(99)
Cost of sales	(55)				(99)
Gross profit	0				0
Selling, general and administrative expenses	0				0
Other operating expense, net	0				0
Income from operations	0				0
Interest expense	(59)				(123)
Interest expense - related party	0				0
Loss on early extinguishment of debt	0				0
Other expense (income), net	59				123
Income before provision for income taxes	0				0
Provision for income taxes	0				0
Income before equity in earnings of consolidated subsidiaries	0				0
Equity in earnings of consolidated subsidiaries	(283)				(665)
Net income	$ (283)				$ (665)

Guarantor and Non-Guarantor F_4

Guarantor and Non-Guarantor Financial Information Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Condensed Statement of Income Captions [Line Items]
Comprehensive income	$ 402	$ 66	$ 725	$ 130
Reportable Legal Entities | Parent
Condensed Statement of Income Captions [Line Items]
Comprehensive income	402		725
Reportable Legal Entities | Guarantors
Condensed Statement of Income Captions [Line Items]
Comprehensive income	178		497
Reportable Legal Entities | Non-Guarantors
Condensed Statement of Income Captions [Line Items]
Comprehensive income	264		495
Eliminations
Condensed Statement of Income Captions [Line Items]
Comprehensive income	$ (442)		$ (992)

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Information Balance Sheets (Details) - USD ($) $ in Millions		Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents		$ 106		$ 83
Restricted cash and restricted cash equivalents	[1]	44		46
Trade accounts receivable, net		1,068		1,150
Related party receivable		0		0
Inventories		686		626
Prepaid expenses and other current assets		317		254
Total current assets		2,221		2,159
Property, plant and equipment, net		2,290		2,310
Investments in consolidated subsidiaries		0		0
Investments in unconsolidated affiliates		170		186
Goodwill		20,039		20,011
Other intangible assets, net		24,228		23,967
Long-term receivable, related parties		0		0
Other non-current assets		572		259
Deferred tax assets		27		26
Total assets		49,547		48,918
Current liabilities:
Accounts payable		2,909		2,300
Accrued expenses		869		1,012
Structured payables		595		526
Related party payable		0		0
Short-term borrowings and current portion of long-term obligations		1,806		1,458
Other current liabilities		516		406
Total current liabilities		6,695		5,702
Long-term obligations		13,164		14,201
Long-term obligations, related party		0		0
Deferred tax liabilities		6,034		5,923
Other non-current liabilities		771		559
Total liabilities		26,664		26,385
Total stockholders' equity		22,883	$ 22,674	22,533	$ 7,484	$ 7,434	$ 7,398
Total liabilities and stockholders' equity		49,547		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		135		189
Inventories		0		0
Prepaid expenses and other current assets		613		569
Total current assets		788		800
Property, plant and equipment, net		0		0
Investments in consolidated subsidiaries		41,003		40,119
Investments in unconsolidated affiliates		0		0
Goodwill		0		50
Other intangible assets, net		0		0
Long-term receivable, related parties		5,066		5,503
Other non-current assets		61		64
Deferred tax assets		0		0
Total assets		46,918		46,536
Current liabilities:
Accounts payable		0		0
Accrued expenses		53		78
Structured payables		0		0
Related party payable		74		65
Short-term borrowings and current portion of long-term obligations		1,806		1,458
Other current liabilities		269		278
Total current liabilities		2,202		1,879
Long-term obligations		13,164		14,201
Long-term obligations, related party		8,589		7,827
Deferred tax liabilities		40		46
Other non-current liabilities		40		50
Total liabilities		24,035		24,003
Total stockholders' equity		22,883		22,533
Total liabilities and stockholders' equity		46,918		46,536
Reportable Legal Entities | Guarantors
Current assets:
Cash and cash equivalents		11		18
Restricted cash and restricted cash equivalents		2		3
Trade accounts receivable, net		642		596
Related party receivable		74		71
Inventories		250		226
Prepaid expenses and other current assets		199		110
Total current assets		1,178		1,024
Property, plant and equipment, net		1,297		1,351
Investments in consolidated subsidiaries		4,971		4,882
Investments in unconsolidated affiliates		63		63
Goodwill		8,239		8,371
Other intangible assets, net		16,857		16,583
Long-term receivable, related parties		8,623		7,827
Other non-current assets		248		41
Deferred tax assets		0		0
Total assets		41,476		40,142
Current liabilities:
Accounts payable		990		497
Accrued expenses		596		610
Structured payables		47		47
Related party payable		95		106
Short-term borrowings and current portion of long-term obligations		0		0
Other current liabilities		679		626
Total current liabilities		2,407		1,886
Long-term obligations		0		0
Long-term obligations, related party		3,440		3,369
Deferred tax liabilities		4,107		4,075
Other non-current liabilities		495		337
Total liabilities		10,449		9,667
Total stockholders' equity		31,027		30,475
Total liabilities and stockholders' equity		41,476		40,142
Reportable Legal Entities | Non-Guarantors
Current assets:
Cash and cash equivalents		95		65
Restricted cash and restricted cash equivalents		2		1
Trade accounts receivable, net		426		554
Related party receivable		64		76
Inventories		436		400
Prepaid expenses and other current assets		115		132
Total current assets		1,138		1,228
Property, plant and equipment, net		993		959
Investments in consolidated subsidiaries		0		0
Investments in unconsolidated affiliates		107		123
Goodwill		11,800		11,590
Other intangible assets, net		7,371		7,384
Long-term receivable, related parties		0		0
Other non-current assets		263		154
Deferred tax assets		27		26
Total assets		21,699		21,464
Current liabilities:
Accounts payable		1,919		1,803
Accrued expenses		220		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		178		59
Total current liabilities		2,969		2,830
Long-term obligations		0		0
Long-term obligations, related party		1,660		2,134
Deferred tax liabilities		1,887		1,802
Other non-current liabilities		236		172
Total liabilities		6,752		6,938
Total stockholders' equity		14,947		14,526
Total liabilities and stockholders' equity		21,699		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		(273)		(336)
Inventories		0		0
Prepaid expenses and other current assets		(610)		(557)
Total current assets		(883)		(893)
Property, plant and equipment, net		0		0
Investments in consolidated subsidiaries		(45,974)		(45,001)
Investments in unconsolidated affiliates		0		0
Goodwill		0		0
Other intangible assets, net		0		0
Long-term receivable, related parties		(13,689)		(13,330)
Other non-current assets		0		0
Deferred tax assets		0		0
Total assets		(60,546)		(59,224)
Current liabilities:
Accounts payable		0		0
Accrued expenses		0		0
Structured payables		0		0
Related party payable		(273)		(336)
Short-term borrowings and current portion of long-term obligations		0		0
Other current liabilities		(610)		(557)
Total current liabilities		(883)		(893)
Long-term obligations		0		0
Long-term obligations, related party		(13,689)		(13,330)
Deferred tax liabilities		0		0
Other non-current liabilities		0		0
Total liabilities		(14,572)		(14,223)
Total stockholders' equity		(45,974)		(45,001)
Total liabilities and stockholders' equity		$ (60,546)		$ (59,224)
[1]	Restricted cash and cash equivalents primarily 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	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net cash provided by operating activities	$ 1,203	$ 578
Investing activities:
Acquisitions of businesses	(8)	0
Issuance of related party note receivable	(14)	(2)
Investments in unconsolidated subsidiaries, payments	(11)	(22)
Purchases of property, plant and equipment	(118)	(44)
Proceeds from Sale of Property, Plant, and Equipment	19	0
Payments to Acquire Intangible Assets	(4)	(12)
Return of capital from investments in consolidated subsidiaries	0
Other, net	22	0
Net cash used in investing activities	(114)	(80)
Financing activities:
Proceeds from (payments of) related party notes	0
Proceeds from senior unsecured notes	0	8,000
Proceeds from term loan	2,000	0
Net issuance of commercial paper	381	0
Payments on finance leases	(19)
Repayment of term loan	(2,848)	(254)
Cash contributions from redeemable non-controlling interest shareholders	0	12
Cash dividends paid	(423)	(23)
Proceeds from structured payables	78	0
Payments on Structured Payables	(9)	0
Repayments of Senior Debt	(250)	0
Deferred financing charges paid	0	(35)
Other, net	10	(1)
Net cash (used in) provided by financing activities	(1,080)	7,690
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	9	8,188
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	12	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	160	$ 8,284
Reportable Legal Entities | Parent
Operating activities:
Net cash provided by operating activities	(178)
Investing activities:
Acquisitions of businesses	0
Issuance of related party note receivable	535
Investments in unconsolidated subsidiaries, payments	0
Purchases of property, plant and equipment	0
Proceeds from Sale of Property, Plant, and Equipment	0
Payments to Acquire Intangible Assets	0
Return of capital from investments in consolidated subsidiaries	0
Other, net	10
Net cash used in investing activities	545
Financing activities:
Proceeds from (payments of) related party notes	763
Proceeds from term loan	2,000
Net issuance of commercial paper	381
Payments on finance leases	0
Repayment of term loan	(2,848)
Cash dividends paid	(423)
Proceeds from structured payables	0
Payments on Structured Payables	0
Repayments of Senior Debt	(250)
Other, net	8
Net cash (used in) provided by financing activities	(369)
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	812
Investing activities:
Acquisitions of businesses	(3)
Issuance of related party note receivable	(789)
Investments in unconsolidated subsidiaries, payments	(11)
Purchases of property, plant and equipment	(44)
Proceeds from Sale of Property, Plant, and Equipment	10
Payments to Acquire Intangible Assets	(4)
Return of capital from investments in consolidated subsidiaries	32
Other, net	0
Net cash used in investing activities	(809)
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	(11)
Repayment of term loan	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) provided by financing activities	(11)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	(8)
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	23
Reportable Legal Entities | Non-Guarantors
Operating activities:
Net cash provided by operating activities	581
Investing activities:
Acquisitions of businesses	(5)
Issuance of related party note receivable	(14)
Investments in unconsolidated subsidiaries, payments	0
Purchases of property, plant and equipment	(74)
Proceeds from Sale of Property, Plant, and Equipment	9
Payments to Acquire Intangible Assets	0
Return of capital from investments in consolidated subsidiaries	0
Other, net	12
Net cash used in investing activities	(72)
Financing activities:
Proceeds from (payments of) related party notes	(509)
Proceeds from term loan	0
Net issuance of commercial paper	0
Payments on finance leases	(8)
Repayment of term loan	0
Cash dividends paid	(44)
Proceeds from structured payables	78
Payments on Structured Payables	(9)
Repayments of Senior Debt	0
Other, net	2
Net cash (used in) provided by financing activities	(490)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	19
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	12
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	97
Eliminations
Operating activities:
Net cash provided by operating activities	(12)
Investing activities:
Acquisitions of businesses	0
Issuance of related party note receivable	254
Investments in unconsolidated subsidiaries, payments	0
Purchases of property, plant and equipment	0
Proceeds from Sale of Property, Plant, and Equipment	0
Payments to Acquire Intangible Assets	0
Return of capital from investments in consolidated subsidiaries	(32)
Other, net	0
Net cash used in investing activities	222
Financing activities:
Proceeds from (payments of) related party notes	(254)
Proceeds from term loan	0
Net issuance of commercial paper	0
Payments on finance leases	0
Repayment of term loan	0
Cash dividends paid	44
Proceeds from structured payables	0
Payments on Structured Payables	0
Repayments of Senior Debt	0
Other, net	0
Net cash (used in) provided by financing activities	(210)
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