Keurig Dr Pepper (KDP) 10-Q 30 Jul 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 28, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2020
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	(781)
Local Phone Number	418-7000
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		1,407,196,228
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2020
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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 2,864	$ 2,812	$ 5,477	$ 5,316
Cost of sales	1,302	1,186	2,463	2,292
Gross profit	1,562	1,626	3,014	3,024
Selling, general and administrative expenses	1,001	1,028	2,029	1,939
Other operating (income) expense, net	0	11	(42)	0
Income from operations	561	587	1,027	1,085
Interest expense	157	170	310	339
Loss on early extinguishment of debt	2	0	4	9
Impairment on investment and note receivable of unconsolidated affiliate	0	0	86	0
Other (income) expense, net	(4)	1	16	6
Income before provision for income taxes	406	416	611	731
Provision for income taxes	108	102	157	187
Net income	$ 298	$ 314	$ 454	$ 544
Earnings per common share:
Basic (in dollars per share)	$ 0.21	$ 0.22	$ 0.32	$ 0.39
Diluted (in dollars per share)	$ 0.21	$ 0.22	$ 0.32	$ 0.38
Weighted average common shares outstanding:
Basic (in shares)	1,407.2	1,406.7	1,407.1	1,406.5
Diluted (in shares)	1,421.5	1,419.2	1,420.8	1,418.5

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Comprehensive income	$ 450	$ 402	$ 22	$ 725

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents		$ 149	$ 75
Restricted cash and restricted cash equivalents	[1]	28	26
Trade accounts receivable, net		1,010	1,115
Inventories		747	654
Prepaid expenses and other current assets		306	403
Total current assets		2,240	2,273
Property, plant and equipment, net		2,071	2,028
Investments in unconsolidated affiliates		102	151
Goodwill		19,968	20,172
Other intangible assets, net		23,785	24,117
Other non-current assets		831	748
Deferred tax assets		29	29
Total assets		49,026	49,518
Current liabilities:
Accounts payable		3,377	3,176
Accrued expenses		940	939
Structured payables		182	321
Short-term borrowings and current portion of long-term obligations		2,256	1,593
Other current liabilities		543	445
Total current liabilities		7,298	6,474
Long-term obligations		11,849	12,827
Deferred tax liabilities		5,922	6,030
Other non-current liabilities		1,034	930
Total liabilities		26,103	26,261
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, 1,407,193,674 and 1,406,852,305 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively		14	14
Additional paid-in capital		21,624	21,557
Retained earnings		1,613	1,582
Accumulated other comprehensive (loss) income		(328)	104
Total stockholders' equity		22,923	23,257
Total liabilities and stockholders' equity		$ 49,026	$ 49,518
[1]	Restricted cash and cash equivalents primarily represent amounts held in escrow in connection with the Core Acquisition , the Bai Acquisition and the Big Red Acquisition . Amounts held in escrow are expected to be released within one year.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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)	1,407,193,674	1,406,852,305
Common stock outstanding (in shares)	1,407,193,674	1,406,852,305

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Net income	$ 454	$ 544
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	183	172
Amortization of intangibles	66	63
Other amortization expense	76	90	[1]
Provision for sales returns	20	16
Deferred income taxes	(29)	(5)
Employee stock-based compensation expense	42	34
Loss on early extinguishment of debt	4	9
Gain (Loss) on Disposition of Property Plant Equipment	(40)	(8)
Unrealized loss (gain) on foreign currency	(12)	25
Unrealized loss on derivatives	76	43
Equity in loss of unconsolidated affiliates	(18)	(27)
Impairment on investment and note receivable of unconsolidated affiliate	86	0
Other, net	36	8
Changes in assets and liabilities:
Trade accounts receivable	58	68
Inventories	(101)	(56)
Income taxes receivable and payables, net	69	64
Other current and non-current assets	(234)	(149)
Accounts payable and accrued expenses	260	339
Other current and non-current liabilities	6	(31)
Net change in operating assets and liabilities	58	235
Net cash provided by operating activities	1,062	1,203
Investing activities:
Acquisitions of businesses	0	(8)
Issuance of related party note receivable	(6)	(14)
Investments in unconsolidated affiliates	0	(11)
Purchases of property, plant and equipment	(276)	(118)
Proceeds from sales of property, plant and equipment	202	19
Purchase of intangibles	(15)	(4)
Other, net	3	22
Net cash used in investing activities	(92)	(114)
Financing activities:
Proceeds from controlling shareholder stock transactions	22	0
Proceeds from unsecured credit facility	1,850	0
Proceeds from senior unsecured notes	1,500	0
Proceeds from term loan	0	2,000
Net (payment) issuance of commercial paper	(836)	381
Proceeds from structured payables	86	78
Payments on structured payables	(227)	(9)
Payments on senior unsecured notes	(250)	(250)
Payment on unsecured credit facility	(1,850)	0
Payments on term loan	(730)	(2,848)
Payments on finance leases	(24)	(19)
Cash dividends paid	(423)	(423)
Other, net	(19)	10
Net cash used in financing activities	(901)	(1,080)
Cash, cash equivalents, restricted cash and restricted cash equivalents — net change from:
Operating, investing and financing activities	69	9
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	(3)	12
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	111	139
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	177	160
Measurement period adjustment of Core purchase price	0	(11)
Capital expenditures included in accounts payable and accrued expenses	180	205
Purchases of intangibles	0	2
Dividends declared but not yet paid	212	212
Finance lease additions	26	30
Cash paid for interest	240	272
Cash paid for income taxes	$ 118	$ 142
[1]	Primarily includes amortization of customer rebates and upfront payments.

Condensed Consolidated Statem_4

Condensed Consolidated Statements 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)	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings
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)
Total equity at beginning of period (Accounting Standards Update 2016-02 [Member]) at Dec. 31, 2018						$ (5)	$ (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	230			230
Other comprehensive loss	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-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)
Total equity at beginning of period (Accounting Standards Update 2016-02 [Member]) at Dec. 31, 2018						$ (5)	$ (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	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	314			314
Other comprehensive loss	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
Shares issued at beginning of period (in shares) at Dec. 31, 2019		1,406.8
Total equity at beginning of period at Dec. 31, 2019	23,257	$ 14	21,557	1,582	104
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	156			156
Other comprehensive loss	(584)				(584)
Shares issued under employee stock-based compensation plans and other		0.3
Dividends declared, $0.15 per share	(211)			(211)
Stock-based compensation and stock options exercised	22		22
Shares issued at end of period (in shares) at Mar. 31, 2020		1,407.1
Total equity at end of period at Mar. 31, 2020	22,640	$ 14	21,579	1,527	(480)
Shares issued at beginning of period (in shares) at Dec. 31, 2019		1,406.8
Total equity at beginning of period at Dec. 31, 2019	23,257	$ 14	21,557	1,582	104
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	454
Shares issued at end of period (in shares) at Jun. 30, 2020		1,407.2
Total equity at end of period at Jun. 30, 2020	22,923	$ 14	21,624	1,613	(328)
Shares issued at beginning of period (in shares) at Mar. 31, 2020		1,407.1
Total equity at beginning of period at Mar. 31, 2020	22,640	$ 14	21,579	1,527	(480)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	298			298
Other comprehensive loss	152				152
Shares issued under employee stock-based compensation plans and other		0.1
Dividends declared, $0.15 per share	(212)			(212)
Proceeds from controlling shareholder stock transactions	22		22
Stock-based compensation and stock options exercised	23		23
Shares issued at end of period (in shares) at Jun. 30, 2020		1,407.2
Total equity at end of period at Jun. 30, 2020	$ 22,923	$ 14	$ 21,624	$ 1,613	$ (328)

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, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.15	$ 0.15	$ 0.15	$ 0.15

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	General ORGANIZATION On January 29, 2018, DPS entered into the DPS Merger Agreement by and among DPS , Maple and Merger Sub . The DPS Merger was consummated on July 9, 2018, 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. Definitions of terms used in this Quarterly Report on Form 10-Q are included within the Master Glossary. 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 The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with 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 . Except as otherwise specified, references to the " second quarter " indicate the Company 's quarterly periods ended June 30, 2020 and 2019 . 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. 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 estimates. RECLASSIFICATIONS The Company reclassified the following amounts in the unaudited condensed consolidated Statement of Cash Flows for the first six months of 2019 in order to conform to current year presentation: (in millions) Prior Presentation Revised Presentation For the First Six Months of 2019 Net cash provided by operating activities: Amortization of intangibles Amortization expense Amortization of intangibles $ 63 Other amortization expense (1) Amortization expense Other amortization expense 90 Gain on disposal of property, plant and equipment Other, net Gain on disposal of property, plant and equipment (8 ) Amortization of deferred financing fees Amortization expense Other, net 6 Amortization of bond fair value Amortization expense Other, net 13 (1) Primarily includes amortization of customer rebates and upfront payments. RECENTLY ISSUED ACCOUNTING STANDARDS In January 2020, the FASB issued ASU 2020-01 . The objective of ASU 2020-01 is to clarify the interaction of the accounting for equity securities, investments accounted for under the equity method of accounting and the accounting for certain forward contracts and purchased options accounted under different topics in U.S. GAAP . ASU 2020-01 is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2020. The Company is currently evaluating the impact of ASU 2020-01 but expects the impact to be immaterial to KDP 's consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 . The objective of ASU 2020-04 is to provide optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04 is effective and can be elected for all entities from the issuance date of the ASU through December 31, 2022. The Company is currently evaluating the impact of ASU 2020-04 to KDP 's consolidated financial statements. RECENTLY ADOPTED PROVISIONS OF U.S. GAAP Credit Losses As of January 1, 2020, the Company adopted ASU 2016-13 , which replaced the incurred loss methodology with an expected loss methodology. The objective of ASU 2016-13 was to provide for a new impairment model which requires measurement and recognition of current expected credit losses (CECL) for most financial assets held. The Company adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost, which means that results for reporting periods beginning after January 1, 2020 are presented under ASU 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The adoption of ASU 2016-13 did not have an impact on the Company 's unaudited condensed consolidated financial statements. Refer to Note 13 for additional information. Other Accounting Standards As of January 1, 2020, the Company adopted ASU 2018-13 . The objective of ASU 2018-13 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. The adoption of ASU 2018-13 did not have an impact on the Company 's unaudited condensed consolidated

Long-term Obligations and Borro

Long-term Obligations and Borrowing Arrangements	6 Months Ended
	Jun. 30, 2020
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, 2020 December 31, 2019 Senior unsecured notes $ 13,049 $ 11,802 Term loan 646 1,372 Subtotal 13,695 13,174 Less - current portion (1,846 ) (347 ) Long-term obligations $ 11,849 $ 12,827 The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: (in millions) June 30, 2020 December 31, 2019 Commercial paper notes $ 410 $ 1,246 Revolving credit facilities — — Current portion of long-term obligations: Senior unsecured notes 1,748 250 Term loan 98 97 Short-term borrowings and current portion of long-term obligations $ 2,256 $ 1,593 SENIOR UNSECURED NOTES The Company 's Notes consisted of the following: (in millions) Issuance Maturity Date Rate June 30, 2020 December 31, 2019 2020 Notes (1) January 15, 2020 2.000% $ — $ 250 2021 Merger Notes May 25, 2021 3.551% 1,750 1,750 2021-A Notes November 15, 2021 3.200% 250 250 2021-B Notes November 15, 2021 2.530% 250 250 2022 Notes November 15, 2022 2.700% 250 250 2023 Merger Notes May 25, 2023 4.057% 2,000 2,000 2023 Notes December 15, 2023 3.130% 500 500 2025 Merger Notes May 25, 2025 4.417% 1,000 1,000 2025 Notes November 15, 2025 3.400% 500 500 2026 Notes September 15, 2026 2.550% 400 400 2027 Notes June 15, 2027 3.430% 500 500 2028 Merger Notes May 25, 2028 4.597% 2,000 2,000 2030 Notes (2) May 1, 2030 3.200% 750 — 2038 Notes May 1, 2038 7.450% 125 125 2038 Merger Notes May 25, 2038 4.985% 500 500 2045 Notes November 15, 2045 4.500% 550 550 2046 Notes December 15, 2046 4.420% 400 400 2048 Merger Notes May 25, 2048 5.085% 750 750 2050 Notes (2) May 1, 2050 3.800% 750 — Principal amount $ 13,225 $ 11,975 Adjustment from principal amount to carrying amount (3) (176 ) (173 ) Carrying amount $ 13,049 $ 11,802 (1) On January 15, 2020, the Company repaid the 2020 Notes at maturity, using commercial paper notes. (2) On April 13, 2020, the Company completed the issuance of $1.5 billion aggregate principal amount of senior unsecured notes consisting of $750 million aggregate principal amount of 3.200% senior unsecured notes due May 1, 2030 and $750 million aggregate principal amount of 3.800% senior unsecured notes due May 1, 2050 . The discount associated with the 2030 Notes and the 2050 Notes was approximately $6 million . The net proceeds from the issuance were used to repay outstanding borrowings under the KDP Revolver. (3) The carrying amount includes unamortized discounts, debt issuance costs and fair value adjustments related to the DPS Merger . BORROWING ARRANGEMENTS 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) June 30, 2020 December 31, 2019 Issuance Maturity Date Available Balances Carrying Value Carrying Value 2019 KDP Term Loan (1) February 2023 $ — $ 650 $ 1,380 KDP Revolver (2) February 2023 2,400 — — 2019 364-Day Credit Agreement May 2020 — — — 2020 364-Day Credit Agreement April 2021 1,500 — — Principal amount $ 650 $ 1,380 Unamortized discounts and debt issuance costs (4 ) (8 ) Carrying amount $ 646 $ 1,372 (1) During the first quarter of 2020, the Company borrowed $380 million of commercial paper to voluntarily prepay a portion of its outstanding obligations under the 2019 KDP Term Loan. During the second quarter of 2020, the Company voluntarily prepaid an additional $300 million of its outstanding obligations with cash on hand. As a result of these voluntary prepayments, the Company recorded $2 million and $4 million losses on early extinguishment during the second quarter and first six months of 2020 , respectively. (2) The KDP Revolver has $200 million letters of credit availability and none utilized as of June 30, 2020 . On April 14, 2020, the Company terminated the 2019 364-Day Credit Agreement and replaced it with the 2020 364-Day Credit Agreement in order to increase the commitment from $750 million to $1.5 billion . The 2020 364-Day Credit Agreement is unsecured, and its proceeds may be used for general corporate purposes. The interest rate applicable to borrowings under the 2020 364-Day Credit Agreement ranges from a rate equal to LIBOR plus a margin of 2.250% to 2.750% or a base rate plus a margin of 1.250% to 1.750% , depending on the rating of certain index debt of the Company. The 2020 364-Day Credit Agreement will mature on April 13, 2021 . As of June 30, 2020 , 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 (in millions, except %) 2020 2019 2020 2019 Weighted average commercial paper borrowings $ 497 $ 2,074 $ 1,081 $ 1,911 Weighted average borrowing rates 1.10 % 2.76 % 1.68 % 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, $44 million of which was utilized as of June 30, 2020 and $56 million of which remains available for use. FAIR VALUE DISCLOSURES The fair values of each of the Company 's commercial paper notes, the 2019 KDP Term Loan, the KDP Revolver , the 2019 364-Day Credit Agreement and the 2020 364-Day Credit Agreement approximate the carrying value and are considered Level 2 within the fair value hierarchy. The fair values of the Company 's Notes are based on current market rates available to the Company and are considered Level 2 within the fair value hierarchy. 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 fair value of the Company 's Notes was $14,990 million and $12,898 million as of June 30, 2020 and December 31, 2019

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2020
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: (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total Balance as of January 1, 2020 $ 9,775 $ 5,301 $ 4,526 $ 570 $ 20,172 Foreign currency translation (51 ) (29 ) (19 ) (105 ) (204 ) Balance as of June 30, 2020 $ 9,724 $ 5,272 $ 4,507 $ 465 $ 19,968 INTANGIBLE ASSETS OTHER THAN GOODWILL The net carrying amounts of intangible assets other than goodwill with indefinite lives are as follows: (in millions) June 30, 2020 December 31, 2019 Brands (1) $ 19,673 $ 19,948 Trade names 2,479 2,479 Contractual arrangements 121 122 Distribution rights 19 16 Total $ 22,292 $ 22,565 (1) The decrease of $275 million in brands with indefinite lives was due to foreign currency translation during the first six months of 2020 . The net carrying amounts of intangible assets other than goodwill with definite lives are as follows: June 30, 2020 December 31, 2019 (in millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Acquired technology $ 1,146 $ (292 ) $ 854 $ 1,146 $ (255 ) $ 891 Customer relationships 633 (118 ) 515 638 (102 ) 536 Trade names 127 (62 ) 65 128 (55 ) 73 Contractual arrangements 24 (4 ) 20 24 (3 ) 21 Brands 21 (3 ) 18 10 (2 ) 8 Distribution rights 24 (3 ) 21 24 (1 ) 23 Total $ 1,975 $ (482 ) $ 1,493 $ 1,970 $ (418 ) $ 1,552 Amortization expense for intangible assets with definite lives was as follows: Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Amortization expense for intangible assets with definite lives $ 33 $ 32 $ 66 $ 63 Amortization expense of these intangible assets over the remainder of 2020 and the next five years is expected to be as follows: Remainder of 2020 For the Years Ending December 31, (in millions) 2021 2022 2023 2024 2025 Expected amortization expense for intangible assets with definite lives $ 66 $ 132 $ 132 $ 131 $ 122 $ 111 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, including the ongoing COVID-19 pandemic, that indicated that the carrying amount of any goodwill or any intangible asset may not be recoverable as of June 30, 2020 .

Acquisitions and Investments in

Acquisitions and Investments in Unconsolidated Affiliates	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions and Investments in Unconsolidated Subsidiaries	Investments in Unconsolidated Affiliates The following table summarizes investments in unconsolidated affiliates as of June 30, 2020 and December 31, 2019 : June 30, December 31, (in millions) Ownership Interest 2020 2019 BodyArmor 12.5 % $ 51 $ 52 Bedford 30.0 % — 46 Dyla LLC 12.4 % 13 13 Force Holdings LLC 33.3 % 5 5 Beverage startup companies (various) 28 30 Other (various) 5 5 Investments in unconsolidated affiliates $ 102 $ 151 Impairment of Bedford Investment and Related Party Note Receivable The Company and ABI , in conjunction with the creation of Bedford, had executed a line of credit agreement with Bedford on March 3, 2017, which was amended on December 7, 2018 to increase the line of credit. The Company committed and funded the $51 million capacity, which incurs a fixed interest rate of 8.1% per annum. The credit agreement with Bedford matures on March 3, 2024. In March 2020, the Company reduced its expectation of future operating performance for Bedford based on COVID-19 and a new revised five-year projection from the management of Bedford that projected the possibility of profitability two years later than previously anticipated. As a result of these indicators of impairment, the Company tested the Bedford investment for an other-than-temporary impairment using a discounted cash flow framework with multiple scenarios, including the conversion of the note receivable into equity. The results of its analysis indicated that the note receivable of $55 million was fully impaired and the investment in unconsolidated affiliates was impaired by $31 million , which was recorded on the Impairment on investment and note receivable line in the Condensed Consolidated Statements of Income. As a result of the other-than-temporary impairment, the Company has placed the note receivable in non-accrual status.

Restructuring and Integration C

Restructuring and Integration Costs	6 Months Ended
	Jun. 30, 2020
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 on the defined programs were as follows: Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Keurig 2.0 exit $ — $ — $ — $ 1 DPS integration program 52 32 105 92 Total restructuring and integration charges $ 52 $ 32 $ 105 $ 93 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, 2020 along with charges to expense, cash payments and non-cash charges for the period specific to the DPS Integration Program were as follows: (in millions) Workforce Reduction Costs Balance as of January 1, 2020 $ 15 Charges to expense 18 Cash payments (11 ) Non-cash adjustment items (4 ) Balance as of June 30, 2020 $ 18 RESTRUCTURING PROGRAMS DPS Integration Program As part of the DPS Merger , 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 $492 million , primarily consisting of professional fees related to the integration and transformation and costs associated with severance and employee terminations, through June 30, 2020 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rates were as follows: Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Effective tax rate 26.6 % 24.5 % 25.7 % 25.6 % For the second quarter of 2020 , the provision for income taxes was higher than the second quarter of 2019 primarily due to the decrease in the valuation of the Company's deferred tax liabilities and decrease of income tax reserves in the second quarter of 2019 . For the first six months of 2020 , the provision for income taxes was higher than the first six months of 2019 primarily due to the tax benefit received in the first six months of 2019 from the valuation allowance release on realizability of foreign net operating loss carryforwards, which was offset by the tax benefit received from the Company ’s jurisdictional income mix through the first six months of 2020

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2020
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 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 hold or issue derivative financial instruments for trading or speculative purposes. KDP formally designates and accounts for certain foreign exchange forward contracts that meet established accounting criteria under U.S. GAAP as cash flow hedges. For such contracts, the effective portion of the gain or loss on the derivative instruments is recorded, net of applicable taxes, in AOCI . When net income is affected by the variability of the underlying transaction, the applicable offsetting amount of the gain or loss from the derivative instrument deferred in AOCI is reclassified to net income. Cash flows from derivative instruments designated in a qualifying hedging relationship are classified in the same category as the cash flows from the hedged items. If a cash flow hedge were to cease to qualify for hedge accounting, or were terminated, the derivatives would continue to be carried on the balance sheet at fair value until settled and hedge accounting would be discontinued prospectively. If the underlying hedged transaction ceases to exist, any associated amounts reported in AOCI would be reclassified to earnings at that time. For derivatives that are not designated or are de-designated as a hedging instrument, the gain or loss on the instrument is recognized in earnings in the period of change. 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 material 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. INTEREST RATES Economic Hedges 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. As of June 30, 2020 , all interest rate swap contracts will mature in March 2025 . 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. The accounts payable related to the inventory purchases and the intercompany notes are subject to exposure from movements in exchange rates. Economic Hedges During the second quarter and first six months of 2020 and 2019 , the Company held FX forward contracts to economically manage the balance sheet exposures resulting from changes in the FX exchange rates described above. The intent of these FX contracts is to minimize the impact of FX risk associated with balance sheet positions not in local currency. 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 July 2020 to September 2024 as of June 30, 2020 . Cash Flow Hedges Beginning in the second quarter of 2020, the Company began to designate certain FX forward contracts related to inventory purchases of the Mexican businesses as cash flow hedges in order to manage the exposures resulting from changes in the FX rates described above. The intent of these FX contracts is to provide predictability in the Company's overall cost structure. These FX contracts, carried at fair value, have maturities ranging from October 2020 to December 2020 as of June 30, 2020 . COMMODITIES Economic Hedges 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 2020 and 2019 , 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 July 2020 to December 2022 as of June 30, 2020 . 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) 2020 2019 Interest rate contracts Receive-fixed, pay-variable interest rate swaps (1) $ — $ 50 Receive-variable, pay-fixed interest rate swaps (2) 450 575 FX contracts Forward contracts, not designated as hedging instruments 464 523 Forward contracts, designated as cash flow hedges 21 — Commodity contracts 580 150 (1) During the first six months of 2020 , the Company elected to terminate $50 million notional amount of receive-fixed, pay-variable interest rate swaps and received cash of $18 million . (2) During the first six months of 2020 , the Company elected to terminate $575 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $2 million . FAIR VALUE OF DERIVATIVE INSTRUMENTS 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. 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 which are not designated as hedging instruments within the unaudited Condensed Consolidated Balance Sheets: (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 FX contracts 2 Prepaid expenses and other current assets 7 — Commodity contracts 2 Prepaid expenses and other current assets 6 30 Interest rate contracts 2 Other non-current assets — 18 FX contracts 2 Other non-current assets 9 — Commodity contracts 2 Other non-current assets 3 1 Liabilities: Interest rate contracts 2 Other current liabilities $ 2 $ — FX contracts 2 Other current liabilities 1 2 Commodity contracts 2 Other current liabilities 44 10 Interest rate contracts 2 Other non-current liabilities 6 — FX contracts 2 Other non-current liabilities — 3 Commodity contracts 2 Other non-current liabilities 16 1 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 which are designated as hedging instruments within the unaudited Condensed Consolidated Balance Sheets: (in millions) Fair Value Hierarchy Level Balance Sheet Location June 30, December 31, Assets: FX contracts 2 Prepaid expenses and other current assets $ 1 $ — IMPACT 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 2020 2019 2020 2019 Interest rate contracts Interest expense $ 5 $ 2 $ 9 $ 4 FX contracts Cost of sales 3 1 (20 ) 3 FX contracts Other (income) expense, net 5 — (12 ) 6 Commodity contracts Cost of sales 34 (3 ) 51 12 Commodity contracts SG&A expenses (9 ) 2 36 (12 ) Total $ 38 $ 2 $ 64 $ 13 IMPACT OF CASH FLOW HEDGES The following table presents the impact of derivative instruments designated as cash flow hedging instruments under U.S. GAAP : Second Quarter First Six Months (in millions) 2020 2019 2020 2019 FX contracts designated as hedges: Amount of gain recognized in other comprehensive income (1) $ 1 $ — $ 1 $ — (1) Amounts expected to be reclassified into net income during the next twelve months. There was no hedge ineffectiveness during the periods presented.

Leases (Notes)

Leases (Notes)	6 Months Ended
	Jun. 30, 2020
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 the Company to renew the lease at rates equivalent to fair market value at the end of the lease term. The Company 's lease agreements do not contain any material residual value guarantees or restrictive covenants, except for leases of certain manufacturing properties that contain residual value guarantees at the end of the term. 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) 2020 2019 2020 2019 Operating lease cost $ 28 $ 20 $ 56 $ 40 Finance lease cost Amortization of right-of-use assets 11 10 22 20 Interest on lease liabilities 3 3 7 7 Variable lease cost (1) 7 8 13 14 Short-term lease cost 1 2 1 3 Sublease income — (1 ) (1 ) (1 ) Total lease cost $ 50 $ 42 $ 98 $ 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) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 49 $ 38 Operating cash flows from finance leases 7 7 Financing cash flows from finance leases 24 19 The following table presents information about the Company 's weighted average discount rate and remaining lease term: June 30, 2020 December 31, 2019 Weighted average discount rate Operating leases 4.6 % 4.6 % Finance leases 4.9 % 5.1 % Weighted average remaining lease term Operating leases 11 years 10 years Finance leases 11 years 12 years Future minimum lease payments for non-cancellable leases that have commenced and are reflected on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2020 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2020 $ 47 $ 28 2021 89 50 2022 77 44 2023 69 39 2024 66 36 2025 60 33 Thereafter 354 165 Total future minimum lease payments 762 395 Less: imputed interest (166 ) (90 ) Present value of minimum lease payments $ 596 $ 305 SIGNIFICANT LEASES THAT HAVE NOT YET COMMENCED As of June 30, 2020 , the Company has entered into leases that have not yet commenced with estimated aggregated future lease payments of approximately $670 million . These leases are expected to commence between the third quarter of 2020 and first quarter of 2021 , with initial lease terms ranging from 7 years to 20 years . ASSET SALE-LEASEBACK TRANSACTIONS On January 6, 2020 , the Company closed an asset sale-leaseback transaction on two manufacturing properties as the buyer obtained control. The Company received proceeds of approximately $150 million , net of selling costs for the properties, which had a carrying value of $131 million , and resulted in an approximately $19 million gain on the sale transaction. The initial term of the leaseback is expected to end during 2034 and has two 10-year renewal options. The renewal options are not reasonably assured as (i) the Company 's position that the dynamic environment in which it operates precludes the Company 's ability to be reasonably certain of exercising the renewal options in the distant future and (ii) the options are contingent as the Company must remain investment grade and a change-in-control has not occurred as of the end of the lease term. The leaseback has a residual value guarantee; however, the Company concluded it was not probable that the Company will owe an amount at the end of the lease term and will record the lease obligation excluding the residual value guarantee. On January 10, 2020 , the Company closed the asset sale-leaseback transaction on two distribution properties as the buyer obtained control. The Company received proceeds of approximately $50 million , net of selling costs for the properties, which had a carrying value of $27 million , and resulted in an approximately $23 million gain on the sale transaction. The term of the leaseback is expected to end in 2025 and has two three-year renewals.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	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) 2020 2019 2020 2019 Basic EPS: Net income $ 298 $ 314 $ 454 $ 544 Weighted average common shares outstanding 1,407.2 1,406.7 1,407.1 1,406.5 Earnings per common share — basic $ 0.21 $ 0.22 $ 0.32 $ 0.39 Diluted EPS: Net income $ 298 $ 314 $ 454 $ 544 Weighted average common shares outstanding 1,407.2 1,406.7 1,407.1 1,406.5 Effect of dilutive securities: Stock options 0.3 0.5 0.4 0.7 RSUs 14.0 12.0 13.3 11.3 Weighted average common shares outstanding and common stock equivalents 1,421.5 1,419.2 1,420.8 1,418.5 Earnings per common share — diluted $ 0.21 $ 0.22 $ 0.32 $ 0.38 Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation 0.3 0.1 0.3 0.1

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [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) 2020 2019 2020 2019 Total stock-based compensation expense $ 23 $ 20 $ 42 $ 34 Income tax benefit recognized in the Statements of Income (4 ) (4 ) (8 ) (7 ) Stock-based compensation expense, net of tax $ 19 $ 16 $ 34 $ 27 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, 2019 21,492,786 $ 18.14 2.6 $ 622 Granted 5,933,438 23.21 Vested and released (26,155 ) 24.84 1 Forfeited (913,680 ) 20.18 Outstanding as of June 30, 2020 26,486,389 $ 19.20 2.4 $ 752 As of June 30, 2020 , there was $328 million of unrecognized compensation cost related to unvested RSU s that is expected to be recognized over a weighted average period of 3.81 years .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income (Loss) The following table provides a summary of changes in AOCI , net of taxes: (in millions) Foreign Currency Translation Adjustments Pension and PRMB Liabilities Cash Flow Hedges Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2020 $ (479 ) $ (1 ) $ — $ (480 ) Other comprehensive income 151 — 1 152 Balance as of June 30, 2020 $ (328 ) $ (1 ) $ 1 $ (328 ) Balance as of January 1, 2020 $ 104 $ — $ — $ 104 Other comprehensive income (loss) (432 ) (1 ) 1 (432 ) Balance as of June 30, 2020 $ (328 ) $ (1 ) $ 1 $ (328 ) 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

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net (Notes)	6 Months Ended
	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Trade Accounts Receivables, Net Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Company is exposed to potential credit risks associated with its accounts receivable, as it generally does not require collateral on its accounts receivable. The Company determines the required allowance for expected credit losses using information such as its customer credit history and financial condition, industry and market segment information, credit reports, and economic trends and conditions such as the impacts of COVID-19 in the first six months of 2020 . Allowances can be affected by changes in the industry, customer credit issues or customer bankruptcies or expectations of any such events in a future period when reasonable and supportable. Historical information is utilized beyond reasonable and supportable forecast periods. Amounts are charged against the allowance when it is determined that expected credit losses may occur. Activity in the allowance for expected credit loss accounts during the Periods was as follows: (in millions) Allowance for Expected Credit Loss Balance as of January 1, 2019 $ 8 Charges to bad debt expense 2 Write-offs and adjustments (1 ) Balance as of December 31, 2019 $ 9 Charges to bad debt expense 15 Write-offs and adjustments (5 ) Balance as of June 30, 2020 $ 19

Other Financial Information

Other Financial Information	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Financial Information	Other Financial Information The carrying value of cash, cash equivalents, restricted cash and restricted cash equivalents is valued as of the balance sheet date equating fair value and classified as Level 1. 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: (in millions) June 30, 2020 December 31, 2019 Cash and cash equivalents $ 149 $ 75 Restricted cash and restricted cash equivalents (1) 28 26 Non-current restricted cash and restricted cash equivalents included in Other non-current assets — 10 Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows $ 177 $ 111 (1) Restricted cash and cash equivalents primarily represent amounts held in escrow in connection with the Core Acquisition , the Bai Acquisition and the Big Red Acquisition . Amounts held in escrow are expected to be released within one year. The tables below provide selected financial information from the unaudited Condensed Consolidated Balance Sheets: June 30, December 31, (in millions) 2020 2019 Trade accounts receivable, net: Trade and other accounts receivable $ 1,029 $ 1,124 Allowance for expected credit losses (19 ) (9 ) Total trade accounts receivable, net $ 1,010 $ 1,115 Inventories: Raw materials $ 271 $ 215 WIP 7 8 Finished goods 492 447 Total 770 670 Allowance for excess and obsolete inventories (23 ) (16 ) Total Inventories $ 747 $ 654 Prepaid expenses and other current assets: Other receivables $ 58 $ 65 Customer incentive programs 87 12 Derivative instruments 14 31 Prepaid marketing 26 17 Spare parts 50 49 Assets held for sale (1) 3 165 Income tax receivable 7 4 Other 61 60 Total prepaid expenses and other current assets $ 306 $ 403 Other non-current assets: Customer incentive programs $ 75 $ 33 Marketable securities - trading (2) 37 40 Operating lease right-of-use assets 592 497 Derivative instruments 12 19 Equity securities without readily determinable fair values 1 1 Non-current restricted cash and restricted cash equivalents — 10 Related party notes receivable (3) — 50 Other 114 98 Total other non-current assets $ 831 $ 748 (1) The decrease in assets held for sale was due to the assets included in sale-leaseback transactions that closed during the period. Refer to Note 8 for additional information about the transactions. The remaining amounts were comprised of property, plant and equipment expected to be sold within the next twelve months. (2) 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 $37 million and $40 million as of June 30, 2020 and December 31, 2019 , respectively. (3) Refer to Note 4 for additional information . June 30, December 31, (in millions) 2020 2019 Accrued expenses: Customer rebates & incentives $ 324 $ 362 Accrued compensation 167 183 Insurance reserve 53 39 Accrued interest 60 54 Accrued professional fees 25 31 Other accrued expenses 311 270 Total accrued expenses $ 940 $ 939 Other current liabilities: Dividends payable $ 212 $ 212 Income taxes payable 135 75 Operating lease liability 74 69 Finance lease liability 41 41 Derivative instruments 47 12 Holdback liabilities 25 25 Other 9 11 Total other current liabilities $ 543 $ 445 Other non-current liabilities: Pension and post-retirement liability $ 28 $ 29 Insurance reserves 72 66 Operating lease liability 522 427 Finance lease liability 264 269 Derivative instruments 22 4 Deferred compensation liability 37 40 Other 89 95 Total other non-current liabilities $ 1,034 $ 930 ACCOUNTS PAYABLE KDP has an agreement with a third party administrator which allows participating suppliers to track payments from KDP , and if voluntarily elected by the supplier, to 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, 2020 and December 31, 2019 , $2,487 million and $2,097 million , respectively, of KDP 's outstanding payment obligations were voluntarily elected by the supplier and sold to financial institutions.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
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. The Company establishes reserves for specific legal proceedings when the Company determines that the likelihood of an unfavorable outcome is probable and the amount of loss can be reasonably estimated. The Company has also identified certain other legal matters where the Company believes an unfavorable outcome is reasonably possible and/or for which no estimate of possible losses can be made. Antitrust Litigation In February 2014, TreeHouse Foods, Inc. and certain affiliated entities filed suit against KDP’s wholly-owned subsidiary, KGM , in the U.S. District Court for the Southern District of New York (“SDNY”) (TreeHouse Foods, Inc. et al. v. Green Mountain Coffee Roasters, Inc. et al). The TreeHouse complaint asserted claims under the federal antitrust laws and various state laws, contending that Keurig had monopolized alleged markets for single serve coffee brewers and single serve coffee pods. The TreeHouse complaint sought monetary damages, declaratory relief, injunctive relief and attorneys’ fees. In March 2014, JBR, Inc. filed suit against KGM in the U.S. District Court for the Eastern District of California (JBR, Inc. v. Keurig Green Mountain, Inc.). The claims asserted and relief sought in the JBR complaint were substantially similar to the claims asserted and relief sought in the TreeHouse complaint. Beginning in March 2014, twenty-seven putative class actions asserting similar claims and seeking similar relief were filed on behalf of purported direct and indirect purchasers of KGM ’s products in various federal district courts. In June 2014, the Judicial Panel on Multidistrict Litigation granted a motion to transfer these various actions, including the TreeHouse and JBR actions, to a single judicial district for coordinated or consolidated pre-trial proceedings (the “Multidistrict Antitrust Litigation”). Consolidated putative class action complaints by direct purchaser and indirect purchaser plaintiffs were filed in July 2014. An additional class action on behalf of indirect purchasers, originally filed in the Circuit Court of Faulkner County, Arkansas (Julie Rainwater et al. v. Keurig Green Mountain, Inc.), was transferred into the Multidistrict Antitrust Litigation in November 2015. In January 2019, McLane Company, Inc. filed suit against KGM (McLane Company, Inc. v. Keurig Green Mountain, Inc.) in the SDNY asserting similar claims and was also transferred into the Multidistrict Antitrust Litigation. These actions are now pending in the SDNY (In re: Keurig Green Mountain Single-Serve Coffee Antitrust Litigation). Discovery in the Multidistrict Antitrust Litigation commenced in December 2017. Separately, a statement of claim was filed in 2014 against KGM and Keurig Canada Inc. in Ontario, Canada by Club Coffee L.P., a Canadian manufacturer of single serve beverage pods, claiming damages of CDN $600 million and asserting a breach of competition law and false and misleading statements by KGM . In July 2020, KGM reached an agreement with the putative indirect purchaser class plaintiffs in the Multidistrict Antitrust Litigation to settle the claims asserted in their complaint for $31 million . The settlement class consists of individuals and entities in the United States that purchased, from persons other than KGM and not for purposes of resale, KGM manufactured or licensed single serve beverage portion packs during the applicable class period (beginning in September 2010 for most states). The agreement remains subject to court approval, prior to which putative class members will be given notice and the opportunity to opt out of the settlement. KDP intends to vigorously defend the remaining pending lawsuits brought by Treehouse, JBR, McLane, the putative direct purchaser class and Club Coffee. At this time, the Company is unable to predict the outcome of these lawsuits, the potential loss or range of loss, if any, associated with the resolution of these lawsuits or any potential effect they may have on the Company or its operations. Proposition 65 Litigation In May 2011, the Council for Education and Research on Toxics filed a lawsuit in the Superior Court of the State of California, County of Los Angeles, (Council for Education and Research on Toxics v. Brad Barry LLC, et al., Case No. BC461182), alleging that KGM , in addition to nearly one hundred other defendants who manufacture, package, distribute or sell coffee, failed to warn persons in California that KGM 's coffee products expose persons to the chemical acrylamide in violation of Proposition 65 . Plaintiff 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 . Council for Education and Research on Toxics asserts that every consumed cup of coffee, absent a compliant warning, is equivalent to a violation under Proposition 65 . KGM , 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. KGM has asserted multiple affirmative defenses. The case was scheduled to proceed to a third phase for trial on damages, remedies and attorneys' fees, but the California Court of Appeal granted the defendants request for a stay of the third phase trial in October 2018. The stay order was prompted by California’s Office of Environmental Health Hazard Assessment proposal of a new Proposition 65 regulation clarifying that cancer warnings are not required for chemicals, such as acrylamide, that are present in coffee as a result of roasting coffee beans. After the regulation took effect in October 2019, the Court of Appeal lifted its stay order and the litigation has continued based on, among other items, CERT’s contentions that the regulation is legally invalid and, alternatively, cannot be applied to its pending claims.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Parties	Related Parties KDP is indirectly controlled by JAB , a privately held investor group. JAB and its affiliates have controlling investments in a number of other companies that have commercial relationships with the Company, including Peet's , Caribou Coffee Company, Inc., Panera Bread Company, Einstein Bros Bagels, and Krispy Kreme Doughnuts Inc. • KDP purchases certain raw materials from Peet's and manufactures coffee and tea portion packs under Peet's brands for sale by KDP and Peet's in the U.S. and Canada. • KDP exclusively manufactures, distributes and sells Peet's RTD beverage products in the U.S. and Canada. • KDP licenses the Caribou Coffee, Panera Bread and Krispy Kreme trademarks for use in the manufacturing of portion packs for the Keurig brewing system. • KDP sells various beverage concentrates and packaged beverages to Caribou Coffee Company, Inc., Panera Bread Company, Einstein Bros Bagels, and Krispy Kreme Doughnuts Inc. for resale to retail customers. KDP holds investments in certain brand ownership companies, and in certain instances, the Company also has rights in specified territories to bottle and/or distribute the brands owned by such companies. KDP 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 ABI , are considered related party transactions. ABI purchases Clamato from KDP and pays the Company a royalty for use of the brand name. Refer to Note 4 for additional information about KDP

Segments

Segments	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segments	Segments For all periods presented, the Company 's operating structure consisted of the following four reportable segments: • 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, K-Cup pod s 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 DSD system and the WD 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) 2020 2019 2020 2019 Segment Results – Net sales Coffee Systems $ 1,043 $ 990 $ 2,016 $ 1,958 Packaged Beverages 1,392 1,311 2,609 2,427 Beverage Concentrates 309 370 615 674 Latin America Beverages 120 141 237 257 Net sales $ 2,864 $ 2,812 $ 5,477 $ 5,316 Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Segment Results – Income from operations Coffee Systems $ 290 $ 287 $ 562 $ 580 Packaged Beverages 208 186 397 335 Beverage Concentrates 220 244 417 445 Latin America Beverages 21 26 48 37 Unallocated corporate costs (178 ) (156 ) (397 ) (312 ) Income from operations $ 561 $ 587 $ 1,027 $ 1,085

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
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 CSD , NCB , K-Cup pod s 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: (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total For the second quarter of 2020: CSD (1) $ — $ 621 $ 304 $ 91 $ 1,016 NCB (1) — 662 2 28 692 K-Cup pods (2) 830 — — — 830 Appliances 173 — — — 173 Other 40 109 3 1 153 Net sales $ 1,043 $ 1,392 $ 309 $ 120 $ 2,864 For the first six months of 2020: CSD (1) $ — $ 1,184 $ 606 $ 173 $ 1,963 NCB (1) — 1,224 4 63 1,291 K-Cup pods (2) 1,621 — — — 1,621 Appliances 300 — — — 300 Other 95 201 5 1 302 Net sales $ 2,016 $ 2,609 $ 615 $ 237 $ 5,477 For the second quarter of 2019: CSD (1) $ — $ 541 $ 362 $ 102 $ 1,005 NCB (1) — 662 3 38 703 K-Cup 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 K-Cup 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 (1) Represents net sales of owned and partner 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.

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with 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 . Except as otherwise specified, references to the " second quarter " indicate the Company 's quarterly periods ended June 30, 2020 and 2019 .
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. 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
Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS In January 2020, the FASB issued ASU 2020-01 . The objective of ASU 2020-01 is to clarify the interaction of the accounting for equity securities, investments accounted for under the equity method of accounting and the accounting for certain forward contracts and purchased options accounted under different topics in U.S. GAAP . ASU 2020-01 is effective for public companies for annual periods, and interim periods within those annual periods, beginning after December 15, 2020. The Company is currently evaluating the impact of ASU 2020-01 but expects the impact to be immaterial to KDP 's consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 . The objective of ASU 2020-04 is to provide optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04 is effective and can be elected for all entities from the issuance date of the ASU through December 31, 2022. The Company is currently evaluating the impact of ASU 2020-04 to KDP 's consolidated financial statements. RECENTLY ADOPTED PROVISIONS OF U.S. GAAP Credit Losses As of January 1, 2020, the Company adopted ASU 2016-13 , which replaced the incurred loss methodology with an expected loss methodology. The objective of ASU 2016-13 was to provide for a new impairment model which requires measurement and recognition of current expected credit losses (CECL) for most financial assets held. The Company adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost, which means that results for reporting periods beginning after January 1, 2020 are presented under ASU 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The adoption of ASU 2016-13 did not have an impact on the Company 's unaudited condensed consolidated financial statements. Refer to Note 13 for additional information. Other Accounting Standards As of January 1, 2020, the Company adopted ASU 2018-13 . The objective of ASU 2018-13 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. The adoption of ASU 2018-13 did not have an impact on the Company 's unaudited condensed consolidated

Background and Basis of Prese_3

Background and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of reclassifications	The Company reclassified the following amounts in the unaudited condensed consolidated Statement of Cash Flows for the first six months of 2019 in order to conform to current year presentation: (in millions) Prior Presentation Revised Presentation For the First Six Months of 2019 Net cash provided by operating activities: Amortization of intangibles Amortization expense Amortization of intangibles $ 63 Other amortization expense (1) Amortization expense Other amortization expense 90 Gain on disposal of property, plant and equipment Other, net Gain on disposal of property, plant and equipment (8 ) Amortization of deferred financing fees Amortization expense Other, net 6 Amortization of bond fair value Amortization expense Other, net 13 (1) Primarily includes amortization of customer rebates and upfront payments.

Long-term Obligations and Bor_2

Long-term Obligations and Borrowing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]	he following table provides information about the Company 's weighted average borrowings under its commercial paper program: Second Quarter First Six Months (in millions, except %) 2020 2019 2020 2019 Weighted average commercial paper borrowings $ 497 $ 2,074 $ 1,081 $ 1,911 Weighted average borrowing rates 1.10 % 2.76 % 1.68 % 2.83 %
Schedule of debt	The following table summarizes the Company 's long-term obligations: (in millions) June 30, 2020 December 31, 2019 Senior unsecured notes $ 13,049 $ 11,802 Term loan 646 1,372 Subtotal 13,695 13,174 Less - current portion (1,846 ) (347 ) Long-term obligations $ 11,849 $ 12,827 The following table summarizes the Company 's short-term borrowings and current portion of long-term obligations: (in millions) June 30, 2020 December 31, 2019 Commercial paper notes $ 410 $ 1,246 Revolving credit facilities — — Current portion of long-term obligations: Senior unsecured notes 1,748 250 Term loan 98 97 Short-term borrowings and current portion of long-term obligations $ 2,256 $ 1,593
Schedule of long-term debt instruments	The Company 's Notes consisted of the following: (in millions) Issuance Maturity Date Rate June 30, 2020 December 31, 2019 2020 Notes (1) January 15, 2020 2.000% $ — $ 250 2021 Merger Notes May 25, 2021 3.551% 1,750 1,750 2021-A Notes November 15, 2021 3.200% 250 250 2021-B Notes November 15, 2021 2.530% 250 250 2022 Notes November 15, 2022 2.700% 250 250 2023 Merger Notes May 25, 2023 4.057% 2,000 2,000 2023 Notes December 15, 2023 3.130% 500 500 2025 Merger Notes May 25, 2025 4.417% 1,000 1,000 2025 Notes November 15, 2025 3.400% 500 500 2026 Notes September 15, 2026 2.550% 400 400 2027 Notes June 15, 2027 3.430% 500 500 2028 Merger Notes May 25, 2028 4.597% 2,000 2,000 2030 Notes (2) May 1, 2030 3.200% 750 — 2038 Notes May 1, 2038 7.450% 125 125 2038 Merger Notes May 25, 2038 4.985% 500 500 2045 Notes November 15, 2045 4.500% 550 550 2046 Notes December 15, 2046 4.420% 400 400 2048 Merger Notes May 25, 2048 5.085% 750 750 2050 Notes (2) May 1, 2050 3.800% 750 — Principal amount $ 13,225 $ 11,975 Adjustment from principal amount to carrying amount (3) (176 ) (173 ) Carrying amount $ 13,049 $ 11,802 (1) On January 15, 2020, the Company repaid the 2020 Notes at maturity, using commercial paper notes. (2) On April 13, 2020, the Company completed the issuance of $1.5 billion aggregate principal amount of senior unsecured notes consisting of $750 million aggregate principal amount of 3.200% senior unsecured notes due May 1, 2030 and $750 million aggregate principal amount of 3.800% senior unsecured notes due May 1, 2050 . The discount associated with the 2030 Notes and the 2050 Notes was approximately $6 million . The net proceeds from the issuance were used to repay outstanding borrowings under the KDP Revolver. (3) The carrying amount includes unamortized discounts, debt issuance costs and fair value adjustments related to the DPS Merger .
Schedule of line of credit facilities	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) June 30, 2020 December 31, 2019 Issuance Maturity Date Available Balances Carrying Value Carrying Value 2019 KDP Term Loan (1) February 2023 $ — $ 650 $ 1,380 KDP Revolver (2) February 2023 2,400 — — 2019 364-Day Credit Agreement May 2020 — — — 2020 364-Day Credit Agreement April 2021 1,500 — — Principal amount $ 650 $ 1,380 Unamortized discounts and debt issuance costs (4 ) (8 ) Carrying amount $ 646 $ 1,372 (1) During the first quarter of 2020, the Company borrowed $380 million of commercial paper to voluntarily prepay a portion of its outstanding obligations under the 2019 KDP Term Loan. During the second quarter of 2020, the Company voluntarily prepaid an additional $300 million of its outstanding obligations with cash on hand. As a result of these voluntary prepayments, the Company recorded $2 million and $4 million losses on early extinguishment during the second quarter and first six months of 2020 , respectively. (2) The KDP Revolver has $200 million letters of credit availability and none utilized as of June 30, 2020 .

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
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: (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total Balance as of January 1, 2020 $ 9,775 $ 5,301 $ 4,526 $ 570 $ 20,172 Foreign currency translation (51 ) (29 ) (19 ) (105 ) (204 ) Balance as of June 30, 2020 $ 9,724 $ 5,272 $ 4,507 $ 465 $ 19,968
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: (in millions) June 30, 2020 December 31, 2019 Brands (1) $ 19,673 $ 19,948 Trade names 2,479 2,479 Contractual arrangements 121 122 Distribution rights 19 16 Total $ 22,292 $ 22,565 (1) The decrease of $275 million in brands with indefinite lives was due to foreign currency translation during the first six months of 2020 .
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, 2020 December 31, 2019 (in millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Acquired technology $ 1,146 $ (292 ) $ 854 $ 1,146 $ (255 ) $ 891 Customer relationships 633 (118 ) 515 638 (102 ) 536 Trade names 127 (62 ) 65 128 (55 ) 73 Contractual arrangements 24 (4 ) 20 24 (3 ) 21 Brands 21 (3 ) 18 10 (2 ) 8 Distribution rights 24 (3 ) 21 24 (1 ) 23 Total $ 1,975 $ (482 ) $ 1,493 $ 1,970 $ (418 ) $ 1,552
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) 2020 2019 2020 2019 Amortization expense for intangible assets with definite lives $ 33 $ 32 $ 66 $ 63
Schedule of future amortization expense	Amortization expense of these intangible assets over the remainder of 2020 and the next five years is expected to be as follows: Remainder of 2020 For the Years Ending December 31, (in millions) 2021 2022 2023 2024 2025 Expected amortization expense for intangible assets with definite lives $ 66 $ 132 $ 132 $ 131 $ 122 $ 111

Acquisitions and Investments _2

Acquisitions and Investments in Unconsolidated Affiliates (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Equity method investments	The following table summarizes investments in unconsolidated affiliates as of June 30, 2020 and December 31, 2019 : June 30, December 31, (in millions) Ownership Interest 2020 2019 BodyArmor 12.5 % $ 51 $ 52 Bedford 30.0 % — 46 Dyla LLC 12.4 % 13 13 Force Holdings LLC 33.3 % 5 5 Beverage startup companies (various) 28 30 Other (various) 5 5 Investments in unconsolidated affiliates $ 102 $ 151

Restructuring and Integration_2

Restructuring and Integration Costs (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and related costs	Restructuring and integration charges incurred on the defined programs were as follows: Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Keurig 2.0 exit $ — $ — $ — $ 1 DPS integration program 52 32 105 92 Total restructuring and integration charges $ 52 $ 32 $ 105 $ 93
Schedule of restructuring reserve by type of cost	Restructuring liabilities as of June 30, 2020 along with charges to expense, cash payments and non-cash charges for the period specific to the DPS Integration Program were as follows: (in millions) Workforce Reduction Costs Balance as of January 1, 2020 $ 15 Charges to expense 18 Cash payments (11 ) Non-cash adjustment items (4 ) Balance as of June 30, 2020 $ 18

Income Taxes Income Taxes (Tabl

Income Taxes Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
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 (in millions) 2020 2019 2020 2019 Effective tax rate 26.6 % 24.5 % 25.7 % 25.6 %

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2020
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) 2020 2019 Interest rate contracts Receive-fixed, pay-variable interest rate swaps (1) $ — $ 50 Receive-variable, pay-fixed interest rate swaps (2) 450 575 FX contracts Forward contracts, not designated as hedging instruments 464 523 Forward contracts, designated as cash flow hedges 21 — Commodity contracts 580 150 (1) During the first six months of 2020 , the Company elected to terminate $50 million notional amount of receive-fixed, pay-variable interest rate swaps and received cash of $18 million . (2) During the first six months of 2020 , the Company elected to terminate $575 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $2 million .
Schedule of derivative instruments in statement of financial position, fair value	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 which are not designated as hedging instruments within the unaudited Condensed Consolidated Balance Sheets: (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 FX contracts 2 Prepaid expenses and other current assets 7 — Commodity contracts 2 Prepaid expenses and other current assets 6 30 Interest rate contracts 2 Other non-current assets — 18 FX contracts 2 Other non-current assets 9 — Commodity contracts 2 Other non-current assets 3 1 Liabilities: Interest rate contracts 2 Other current liabilities $ 2 $ — FX contracts 2 Other current liabilities 1 2 Commodity contracts 2 Other current liabilities 44 10 Interest rate contracts 2 Other non-current liabilities 6 — FX contracts 2 Other non-current liabilities — 3 Commodity contracts 2 Other non-current liabilities 16 1 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 which are designated as hedging instruments within the unaudited Condensed Consolidated Balance Sheets: (in millions) Fair Value Hierarchy Level Balance Sheet Location June 30, December 31, Assets: FX contracts 2 Prepaid expenses and other current assets $ 1 $ —
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 2020 2019 2020 2019 Interest rate contracts Interest expense $ 5 $ 2 $ 9 $ 4 FX contracts Cost of sales 3 1 (20 ) 3 FX contracts Other (income) expense, net 5 — (12 ) 6 Commodity contracts Cost of sales 34 (3 ) 51 12 Commodity contracts SG&A expenses (9 ) 2 36 (12 ) Total $ 38 $ 2 $ 64 $ 13
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents the impact of derivative instruments designated as cash flow hedging instruments under U.S. GAAP : Second Quarter First Six Months (in millions) 2020 2019 2020 2019 FX contracts designated as hedges: Amount of gain recognized in other comprehensive income (1) $ 1 $ — $ 1 $ — (1) Amounts expected to be reclassified into net income during the next twelve months.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	The following table presents the components of lease cost: Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Operating lease cost $ 28 $ 20 $ 56 $ 40 Finance lease cost Amortization of right-of-use assets 11 10 22 20 Interest on lease liabilities 3 3 7 7 Variable lease cost (1) 7 8 13 14 Short-term lease cost 1 2 1 3 Sublease income — (1 ) (1 ) (1 ) Total lease cost $ 50 $ 42 $ 98 $ 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) 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 49 $ 38 Operating cash flows from finance leases 7 7 Financing cash flows from finance leases 24 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: June 30, 2020 December 31, 2019 Weighted average discount rate Operating leases 4.6 % 4.6 % Finance leases 4.9 % 5.1 % Weighted average remaining lease term Operating leases 11 years 10 years Finance leases 11 years 12 years
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments for non-cancellable leases that have commenced and are reflected on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2020 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2020 $ 47 $ 28 2021 89 50 2022 77 44 2023 69 39 2024 66 36 2025 60 33 Thereafter 354 165 Total future minimum lease payments 762 395 Less: imputed interest (166 ) (90 ) Present value of minimum lease payments $ 596 $ 305
Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]	Future minimum lease payments for non-cancellable leases that have commenced and are reflected on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2020 were as follows: (in millions) Operating Leases Finance Leases Remainder of 2020 $ 47 $ 28 2021 89 50 2022 77 44 2023 69 39 2024 66 36 2025 60 33 Thereafter 354 165 Total future minimum lease payments 762 395 Less: imputed interest (166 ) (90 ) Present value of minimum lease payments $ 596 $ 305

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
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) 2020 2019 2020 2019 Basic EPS: Net income $ 298 $ 314 $ 454 $ 544 Weighted average common shares outstanding 1,407.2 1,406.7 1,407.1 1,406.5 Earnings per common share — basic $ 0.21 $ 0.22 $ 0.32 $ 0.39 Diluted EPS: Net income $ 298 $ 314 $ 454 $ 544 Weighted average common shares outstanding 1,407.2 1,406.7 1,407.1 1,406.5 Effect of dilutive securities: Stock options 0.3 0.5 0.4 0.7 RSUs 14.0 12.0 13.3 11.3 Weighted average common shares outstanding and common stock equivalents 1,421.5 1,419.2 1,420.8 1,418.5 Earnings per common share — diluted $ 0.21 $ 0.22 $ 0.32 $ 0.38 Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation 0.3 0.1 0.3 0.1

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock based compensation expense	The components of stock-based compensation expense are presented below: Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Total stock-based compensation expense $ 23 $ 20 $ 42 $ 34 Income tax benefit recognized in the Statements of Income (4 ) (4 ) (8 ) (7 ) Stock-based compensation expense, net of tax $ 19 $ 16 $ 34 $ 27
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, 2019 21,492,786 $ 18.14 2.6 $ 622 Granted 5,933,438 23.21 Vested and released (26,155 ) 24.84 1 Forfeited (913,680 ) 20.18 Outstanding as of June 30, 2020 26,486,389 $ 19.20 2.4 $ 752

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated other comprehensive income (loss), net of taxes	The following table provides a summary of changes in AOCI , net of taxes: (in millions) Foreign Currency Translation Adjustments Pension and PRMB Liabilities Cash Flow Hedges Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2020 $ (479 ) $ (1 ) $ — $ (480 ) Other comprehensive income 151 — 1 152 Balance as of June 30, 2020 $ (328 ) $ (1 ) $ 1 $ (328 ) Balance as of January 1, 2020 $ 104 $ — $ — $ 104 Other comprehensive income (loss) (432 ) (1 ) 1 (432 ) Balance as of June 30, 2020 $ (328 ) $ (1 ) $ 1 $ (328 ) 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

Trade Accounts Receivable, Ne_2

Trade Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	Activity in the allowance for expected credit loss accounts during the Periods was as follows: (in millions) Allowance for Expected Credit Loss Balance as of January 1, 2019 $ 8 Charges to bad debt expense 2 Write-offs and adjustments (1 ) Balance as of December 31, 2019 $ 9 Charges to bad debt expense 15 Write-offs and adjustments (5 ) Balance as of June 30, 2020 $ 19

Other Financial Information (Ta

Other Financial Information (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [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: (in millions) June 30, 2020 December 31, 2019 Cash and cash equivalents $ 149 $ 75 Restricted cash and restricted cash equivalents (1) 28 26 Non-current restricted cash and restricted cash equivalents included in Other non-current assets — 10 Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows $ 177 $ 111 (1) Restricted cash and cash equivalents primarily represent amounts held in escrow in connection with the Core Acquisition , the Bai Acquisition and the Big Red Acquisition . Amounts held in escrow are expected to be released within one year.
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) 2020 2019 Trade accounts receivable, net: Trade and other accounts receivable $ 1,029 $ 1,124 Allowance for expected credit losses (19 ) (9 ) Total trade accounts receivable, net $ 1,010 $ 1,115 Inventories: Raw materials $ 271 $ 215 WIP 7 8 Finished goods 492 447 Total 770 670 Allowance for excess and obsolete inventories (23 ) (16 ) Total Inventories $ 747 $ 654 Prepaid expenses and other current assets: Other receivables $ 58 $ 65 Customer incentive programs 87 12 Derivative instruments 14 31 Prepaid marketing 26 17 Spare parts 50 49 Assets held for sale (1) 3 165 Income tax receivable 7 4 Other 61 60 Total prepaid expenses and other current assets $ 306 $ 403 Other non-current assets: Customer incentive programs $ 75 $ 33 Marketable securities - trading (2) 37 40 Operating lease right-of-use assets 592 497 Derivative instruments 12 19 Equity securities without readily determinable fair values 1 1 Non-current restricted cash and restricted cash equivalents — 10 Related party notes receivable (3) — 50 Other 114 98 Total other non-current assets $ 831 $ 748 (1) The decrease in assets held for sale was due to the assets included in sale-leaseback transactions that closed during the period. Refer to Note 8 for additional information about the transactions. The remaining amounts were comprised of property, plant and equipment expected to be sold within the next twelve months. (2) 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 $37 million and $40 million as of June 30, 2020 and December 31, 2019 , respectively. (3) Refer to Note 4 for additional information . June 30, December 31, (in millions) 2020 2019 Accrued expenses: Customer rebates & incentives $ 324 $ 362 Accrued compensation 167 183 Insurance reserve 53 39 Accrued interest 60 54 Accrued professional fees 25 31 Other accrued expenses 311 270 Total accrued expenses $ 940 $ 939 Other current liabilities: Dividends payable $ 212 $ 212 Income taxes payable 135 75 Operating lease liability 74 69 Finance lease liability 41 41 Derivative instruments 47 12 Holdback liabilities 25 25 Other 9 11 Total other current liabilities $ 543 $ 445 Other non-current liabilities: Pension and post-retirement liability $ 28 $ 29 Insurance reserves 72 66 Operating lease liability 522 427 Finance lease liability 264 269 Derivative instruments 22 4 Deferred compensation liability 37 40 Other 89 95 Total other non-current liabilities $ 1,034 $ 930

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2020
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) 2020 2019 2020 2019 Segment Results – Net sales Coffee Systems $ 1,043 $ 990 $ 2,016 $ 1,958 Packaged Beverages 1,392 1,311 2,609 2,427 Beverage Concentrates 309 370 615 674 Latin America Beverages 120 141 237 257 Net sales $ 2,864 $ 2,812 $ 5,477 $ 5,316
Reconciliation of operating profit (loss) from segments to consolidated	Second Quarter First Six Months (in millions) 2020 2019 2020 2019 Segment Results – Income from operations Coffee Systems $ 290 $ 287 $ 562 $ 580 Packaged Beverages 208 186 397 335 Beverage Concentrates 220 244 417 445 Latin America Beverages 21 26 48 37 Unallocated corporate costs (178 ) (156 ) (397 ) (312 ) Income from operations $ 561 $ 587 $ 1,027 $ 1,085

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The following table disaggregates the Company 's revenue by portfolio: (in millions) Coffee Systems Packaged Beverages Beverage Concentrates Latin America Beverages Total For the second quarter of 2020: CSD (1) $ — $ 621 $ 304 $ 91 $ 1,016 NCB (1) — 662 2 28 692 K-Cup pods (2) 830 — — — 830 Appliances 173 — — — 173 Other 40 109 3 1 153 Net sales $ 1,043 $ 1,392 $ 309 $ 120 $ 2,864 For the first six months of 2020: CSD (1) $ — $ 1,184 $ 606 $ 173 $ 1,963 NCB (1) — 1,224 4 63 1,291 K-Cup pods (2) 1,621 — — — 1,621 Appliances 300 — — — 300 Other 95 201 5 1 302 Net sales $ 2,016 $ 2,609 $ 615 $ 237 $ 5,477 For the second quarter of 2019: CSD (1) $ — $ 541 $ 362 $ 102 $ 1,005 NCB (1) — 662 3 38 703 K-Cup 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 K-Cup 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 (1) Represents net sales of owned and partner 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.

Background and Basis of Prese_4

Background and Basis of Presentation Background and Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Amortization of intangibles	$ 33	$ 32	$ 66	$ 63
Other amortization expense			76	90	[1]
Gain (Loss) on Disposition of Property Plant Equipment			(40)	(8)
Amortization of deferred financing fees				6
Amortization of bond fair value adjustment				13
Equity in loss of unconsolidated affiliates			(18)	(27)
Proceeds from sales of property, plant and equipment			202	19
Purchase of intangibles			$ (15)	$ (4)
[1]	Primarily includes amortization of customer rebates and upfront payments.

Long-term Obligations and Bor_3

Long-term Obligations and Borrowing Arrangements - Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt	$ 13,695	$ 13,174
Long-term Debt, Current Maturities	(1,846)	(347)
Long-term obligations	11,849	12,827
Senior Notes
Debt Instrument [Line Items]
Long-term debt	13,049	11,802
Long-term Debt, Current Maturities	(1,748)	(250)
Line of Credit
Debt Instrument [Line Items]
Long-term debt	646	1,372
Long-term Debt, Current Maturities	(98)	(97)
2019 KDP Term Loan | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 646	$ 1,372

Long-term Obligations and Bor_4

Long-term Obligations and Borrowing Arrangements - Current Debt (Details) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Current portion of long-term debt		$ 1,846	$ 347
Short-term borrowings and current portion of long-term obligations		2,256	1,593
Commercial Paper
Short-term Debt [Line Items]
Short-term debt		410	1,246
Senior Notes
Short-term Debt [Line Items]
Current portion of long-term debt		1,748	250
Line of Credit
Short-term Debt [Line Items]
Current portion of long-term debt		98	97
KDP Revolver | Line of Credit
Short-term Debt [Line Items]
Long-term Line of Credit	[1]	0	0
KDP Credit Agreement | KDP Revolver | Line of Credit
Short-term Debt [Line Items]
Long-term Line of Credit		$ 0	$ 0
[1]	The KDP Revolver has $200 million letters of credit availability and none utilized as of June 30, 2020 .

Long-term Obligations and Bor_5

Long-term Obligations and Borrowing Arrangements - Senior Unsecured Notes (Details) - USD ($)		Jun. 30, 2020		Apr. 13, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt		$ 13,695,000,000			$ 13,174,000,000
April 2020 Issuance
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount				$ 6,000,000
Senior Notes
Debt Instrument [Line Items]
Long term debt, carrying value		13,225,000,000			11,975,000,000
Unamortized discounts and debt issuance costs	[1]	(176,000,000)			(173,000,000)
Long-term debt		13,049,000,000			11,802,000,000
Senior Notes | April 2020 Issuance
Debt Instrument [Line Items]
Long term debt, carrying value		$ 1,500,000,000
Senior Notes | 2020 Notes(1)
Debt Instrument [Line Items]
Interest rate		2.00%
Long term debt, carrying value		$ 0	[2]		250,000,000
Senior Notes | 2021 Merger Notes
Debt Instrument [Line Items]
Interest rate		3.551%
Long term debt, carrying value		$ 1,750,000,000			1,750,000,000
Senior Notes | 2021-A Notes
Debt Instrument [Line Items]
Interest rate		3.20%
Long term debt, carrying value		$ 250,000,000			250,000,000
Senior Notes | 2021-B Notes
Debt Instrument [Line Items]
Interest rate		2.53%
Long term debt, carrying value		$ 250,000,000			250,000,000
Senior Notes | 2022 Notes
Debt Instrument [Line Items]
Interest rate		2.70%
Long term debt, carrying value		$ 250,000,000			250,000,000
Senior Notes | 2023 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.057%
Long term debt, carrying value		$ 2,000,000,000			2,000,000,000
Senior Notes | 2023 Notes
Debt Instrument [Line Items]
Interest rate		3.13%
Long term debt, carrying value		$ 500,000,000			500,000,000
Senior Notes | 2025 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.417%
Long term debt, carrying value		$ 1,000,000,000			1,000,000,000
Senior Notes | 2025 Notes
Debt Instrument [Line Items]
Interest rate		3.40%
Long term debt, carrying value		$ 500,000,000			500,000,000
Senior Notes | 2026 Notes
Debt Instrument [Line Items]
Interest rate		2.55%
Long term debt, carrying value		$ 400,000,000			400,000,000
Senior Notes | 2027 Notes
Debt Instrument [Line Items]
Interest rate		3.43%
Long term debt, carrying value		$ 500,000,000			500,000,000
Senior Notes | 2028 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.597%
Long term debt, carrying value		$ 2,000,000,000			2,000,000,000
Senior Notes | 2030 Notes
Debt Instrument [Line Items]
Interest rate		3.20%
Long term debt, carrying value	[3]	$ 750,000,000			0
Senior Notes | 2038 Merger Notes
Debt Instrument [Line Items]
Interest rate		4.985%
Long term debt, carrying value		$ 500,000,000			500,000,000
Senior Notes | 2038 Notes
Debt Instrument [Line Items]
Interest rate		7.45%
Long term debt, carrying value		$ 125,000,000			125,000,000
Senior Notes | 2045 Notes
Debt Instrument [Line Items]
Interest rate		4.50%
Long term debt, carrying value		$ 550,000,000			550,000,000
Senior Notes | 2046 Notes
Debt Instrument [Line Items]
Interest rate		4.42%
Long term debt, carrying value		$ 400,000,000			400,000,000
Senior Notes | 2048 Merger Notes
Debt Instrument [Line Items]
Interest rate		5.085%
Long term debt, carrying value		$ 750,000,000			750,000,000
Senior Notes | 2050 Notes
Debt Instrument [Line Items]
Interest rate		3.80%
Long term debt, carrying value	[3]	$ 750,000,000			0
Nonrecurring | Senior Notes
Debt Instrument [Line Items]
Long-term debt, fair value		$ 14,990,000,000			$ 12,898,000,000
[1]	The carrying amount includes unamortized discounts, debt issuance costs and fair value adjustments related to the DPS Merger .
[2]	On January 15, 2020, the Company repaid the 2020 Notes at maturity, using commercial paper notes.
[3]	On April 13, 2020, the Company completed the issuance of $1.5 billion aggregate principal amount of senior unsecured notes consisting of $750 million aggregate principal amount of 3.200% senior unsecured notes due May 1, 2030 and $750 million aggregate principal amount of 3.800% senior unsecured notes due May 1, 2050 . The discount associated with the 2030 Notes and the 2050 Notes was approximately $6 million . The net proceeds from the issuance were used to repay outstanding borrowings under the KDP Revolver.

Long-term Obligations and Bor_6

Long-term Obligations and Borrowing Arrangements - Borrowing Arrangements (Details) - USD ($) $ in Millions		Apr. 14, 2020	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt			$ (2)		$ 0	$ (4)	$ (9)
Long-term debt			13,695			13,695		$ 13,174
2019 KDP Term Loan [Member]
Debt Instrument [Line Items]
Voluntary Prepayment of KDP Term Loan			300	$ 380
Long term debt, carrying value	[1]							1,380
364 Day Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			0	$ 750		0
Long-term Line of Credit			0			0		0
2020 364-Day Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			1,500			1,500
Long-term Line of Credit			0			0		0
KDP Credit Agreement
Debt Instrument [Line Items]
Unamortized discounts and debt issuance costs			(4)			(4)		(8)
Line of Credit
Debt Instrument [Line Items]
Long term debt, carrying value			650			650		1,380
Long-term debt			646			646		1,372
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			200			200
Letters of credit outstanding			0			0
Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			100			100
Letters of credit outstanding			44			44
KDP Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity	[2]		2,400			2,400
KDP Revolver | Line of Credit
Debt Instrument [Line Items]
Long-term Line of Credit	[2]		0			0		0
KDP Revolver | Line of Credit | KDP Credit Agreement
Debt Instrument [Line Items]
Long-term Line of Credit			0			0		$ 0
Level 2 | 2019 KDP Term Loan [Member]
Debt Instrument [Line Items]
Long term debt, carrying value	[1]		650			650
Voluntary Prepayments [Member] | 2019 KDP Term Loan [Member]
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt			$ 2			$ 4
London Interbank Offered Rate (LIBOR) [Member] | Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%
London Interbank Offered Rate (LIBOR) [Member] | Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.75%
Base Rate [Member] | Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.25%
Base Rate [Member] | Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.75%
[1]	he first quarter of 2020, the Company borrowed $380 million of commercial paper to voluntarily prepay a portion of its outstanding obligations under the 2019 KDP Term Loan. During the second quarter of 2020, the Company voluntarily prepaid an additional $300 million of its outstanding obligations with cash on hand. As a result of these voluntary prepayments, the Company recorded $2 million and $4 million
[2]	The KDP Revolver has $200 million letters of credit availability and none utilized as of June 30, 2020 .

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Short-term Debt [Line Items]
Average outstanding amount	$ 497	$ 2,074	$ 1,081	$ 1,911
Weighted average interest rate over time	1.10%	2.76%	1.68%	2.83%

Long-term Obligations and Bor_8

Long-term Obligations and Borrowing Arrangements - Letter of Credit Facilities (Details) - Letter of Credit $ in Millions	Jun. 30, 2020USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 200
Letters of credit outstanding	0
Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	100
Letters of credit outstanding	44
Remaining borrowing capacity	$ 56

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2020	$ 20,172
Foreign currency impact	(204)
Balance as of June 30, 2020	19,968
Beverage Concentrates
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2020	4,526
Foreign currency impact	(19)
Balance as of June 30, 2020	4,507
Packaged Beverages
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2020	5,301
Foreign currency impact	(29)
Balance as of June 30, 2020	5,272
Latin America Beverages
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2020	570
Foreign currency impact	(105)
Balance as of June 30, 2020	465
Coffee Systems
Change in goodwill by operating segments [Abstract]
Balance as of January 1, 2020	9,775
Foreign currency impact	(51)
Balance as of June 30, 2020	$ 9,724

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		$ 22,292		$ 22,292		$ 22,565
Finite-lived intangible assets, gross		1,975		1,975		1,970
Accumulated Amortization		(482)		(482)		(418)
Finite-lived intangible assets, net		1,493		1,493		1,552
Amortization expense for intangible assets with definite lives		33	$ 32	66	$ 63
Amortization expense of intangible assets [Abstract]
Remainder of year		66		66
Year one		132		132
Year two		132		132
Year three		131		131
Year four		122		122
Year five		111		111
Acquired technology
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		1,146		1,146		1,146
Accumulated Amortization		(292)		(292)		(255)
Finite-lived intangible assets, net		854		854		891
Customer relationships
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		633		633		638
Accumulated Amortization		(118)		(118)		(102)
Finite-lived intangible assets, net		515		515		536
Trade Names
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		127		127		128
Accumulated Amortization		(62)		(62)		(55)
Finite-lived intangible assets, net		65		65		73
Brands
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		21		21		10
Accumulated Amortization		(3)		(3)		(2)
Finite-lived intangible assets, net		18		18		8
Distribution rights
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		24		24		24
Accumulated Amortization		(3)		(3)		(1)
Finite-lived intangible assets, net		21		21		23
Contractual arrangements
Change in intangible assets other than goodwill [Abstract]
Finite-lived intangible assets, gross		24		24		24
Accumulated Amortization		(4)		(4)		(3)
Finite-lived intangible assets, net		20		20		21
Brands
Indefinite and Finite-Lived Intangible Assets by Major Class [Line Items]
Indefinite-lived Intangible Assets, Foreign Currency Translation Gain (Loss)				(275)
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)	[1]	19,673		19,673		19,948
Trade Names
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		2,479		2,479		122
Contractual arrangements
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		121		121		2,479
Distribution rights
Change in intangible assets other than goodwill [Abstract]
Indefinite-lived intangible assets (excluding goodwill)		$ 19		$ 19		$ 16
[1]	The decrease of $275 million in brands with indefinite lives was due to foreign currency translation during the first six months of 2020 .

Acquisitions and Investments _3

Acquisitions and Investments in Unconsolidated Affiliates - Investments In Unconsolidated Affiliates (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates		$ 102	$ 151
Impairment of notes receivable from related parties	$ 55
Impairment of investment in unconsolidated affiliate	$ 31
BA Sports Nutrition LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage		12.50%
Investments in unconsolidated affiliates		$ 51	52
Bedford
Schedule of Equity Method Investments [Line Items]
Ownership percentage		30.00%
Investments in unconsolidated affiliates		$ 0	46
Dyla LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage		12.40%
Investments in unconsolidated affiliates		$ 13	13
Force Holding LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage		33.30%
Investments in unconsolidated affiliates		$ 5	5
Beverage startup companies
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates		28	30
Other
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates		5	$ 5
Line Of Credit Agreement [Member] | Bedford
Schedule of Equity Method Investments [Line Items]
Line of credit receivable, maximum borrowing capacity		$ 51
Line of credit receivable, interest rate		8.10%

Restructuring and Integration_3

Restructuring and Integration Costs - Schedule of Charges Incurred (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		24 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	$ 52	$ 32	$ 105	$ 93	$ 492
Keurig 2.0 exit
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	0	0	0	1
Integration program
Restructuring Cost and Reserve [Line Items]
Total restructuring and integration charges	$ 52	$ 32	$ 105	$ 92

Restructuring and Integration_4

Restructuring and Integration Costs - Restructuring Liabilities (Details) - Workforce Reduction Costs $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 15
Charges to expense	18
Cash payments	(11)
Non-cash adjustment items	(4)
Balance at end of period	$ 18

Restructuring and Integration_5

Restructuring and Integration Costs - Restructuring Programs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		24 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Expected annual synergies			$ 600
Expected cost	$ 750		750		$ 750
Restructuring and integration charges	52	$ 32	105	$ 93	$ 492
Integration program
Restructuring Cost and Reserve [Line Items]
Restructuring and integration charges	$ 52	$ 32	$ 105	$ 92

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	26.60%	24.50%	25.70%	25.60%

Derivatives - Notional and Matu

Derivatives - Notional and Maturity Information (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Receive-Fixed, Pay-Variable Interest Rate Swaps
Derivative [Line Items]
Notional amount terminated early during the period		$ 50
Cash received from early termination of derivatives		18
Receive-Fixed, Pay-Variable Interest Rate Swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts of derivative instruments	[1]	0	$ 50
Receive-Variable Pay-Fixed Interest Rate Swaps
Derivative [Line Items]
Notional amount terminated early during the period		575
Cash received from early termination of derivatives		2
Receive-Variable Pay-Fixed Interest Rate Swaps | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts of derivative instruments	[2]	450	575
Foreign Exchange Forward | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts of derivative instruments		464	523
Foreign Exchange Forward | Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts of derivative instruments		21	0
Commodity Contract | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts of derivative instruments		$ 580	$ 150
[1]	During the first six months of 2020 , the Company elected to terminate $50 million notional amount of receive-fixed, pay-variable interest rate swaps and received cash of $18 million .
[2]	During the first six months of 2020 , the Company elected to terminate $575 million notional amount of receive-variable, pay-fixed interest rate swaps and received cash of $2 million .

Derivatives - Fair Value (Detai

Derivatives - Fair Value (Details) - Recurring - Level 2 - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Interest Rate Contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	$ 2	$ 0
Interest Rate Contract | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	0	1
Interest Rate Contract | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	0	18
Interest Rate Contract | Not Designated as Hedging Instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	6	0
Foreign Exchange Forward | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	1	2
Foreign Exchange Forward | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	7	0
Foreign Exchange Forward | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	9	0
Foreign Exchange Forward | Not Designated as Hedging Instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	0	3
Foreign Exchange Forward | Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	1	0
Commodity Contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	44	10
Commodity Contract | Not Designated as Hedging Instrument | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	6	30
Commodity Contract | Not Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	3	1
Commodity Contract | Not Designated as Hedging Instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	$ 16	$ 1

Derivatives - Impact on Net Inc

Derivatives - Impact on Net Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Foreign Exchange Forward | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income				$ 3
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	$ 38	$ 2	$ 64	13
Not Designated as Hedging Instrument | Commodity Contract | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	34	(3)	51	12
Not Designated as Hedging Instrument | Commodity Contract | SG&A expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	(9)	2	36	(12)
Not Designated as Hedging Instrument | Interest Rate Contract | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	5	2	9	4
Not Designated as Hedging Instrument | Foreign Exchange Forward | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	3	1	(20)
Not Designated as Hedging Instrument | Foreign Exchange Forward | Other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Income	$ 5	$ 0	$ (12)	$ 6

Derivatives - Impact of Cash Fl

Derivatives - Impact of Cash Flow Hedges (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Foreign Exchange Forward
Derivative [Line Items]
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	[1]	$ 1	$ 0	$ 1	$ 0
[1]	Amounts expected to be reclassified into net income during the next twelve months.

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019		Jan. 10, 2020	Jan. 06, 2020	Dec. 31, 2019
Lease, Cost [Abstract]
Operating lease cost	$ 28	$ 20	$ 56		$ 40
Amortization of right-of-use assets	11	10	22		20
Interest on lease liabilities	3	3	7		7
Variable lease cost(1)	7	8	13	[1]	14	[1]
Short-term lease cost	1	2	1		3
Sublease Income	0	(1)	(1)		(1)
Total lease cost	$ 50	$ 42	98		83
Cash Flow, Operating Activities, Lessee [Abstract]
Operating cash flows from operating leases			49		38
Operating cash flows from finance leases			7		7
Cash Flow, Financing Activities, Lessee [Abstract]
Financing cash flows from finance leases			$ 24		$ 19
Lessee, Operating Lease, Description [Abstract]
Operating Lease, Weighted Average Discount Rate, Percent	4.60%		4.60%						4.60%
Operating Lease, Weighted Average Remaining Lease Term	11 years		11 years						10 years
Lessee, Finance Lease, Description [Abstract]
Finance Lease, Weighted Average Discount Rate, Percent	4.90%		4.90%						5.10%
Finance Lease, Weighted Average Remaining Lease Term	11 years		11 years						12 years
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year	$ 47		$ 47
Lessee, Operating Lease, Liability, to be Paid, Year One	89		89
Lessee, Operating Lease, Liability, to be Paid, Year Two	77		77
Lessee, Operating Lease, Liability, to be Paid, Year Three	69		69
Lessee, Operating Lease, Liability, to be Paid, Year Four	66		66
Lessee, Operating Lease, Liability, to be Paid, Year Five	60		60
Lessee, Operating Lease, Liability, to be Paid, after Year Five	354		354
Lessee, Operating Lease, Liability, to be Paid	762		762
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(166)		(166)
Operating Lease, Liability	596		596
Finance Lease, Liability, Payment, Due [Abstract]
Finance Lease, Liability, to be Paid, Remainder of Fiscal Year	28		28
Finance Lease, Liability, to be Paid, Year One	50		50
Finance Lease, Liability, to be Paid, Year Two	44		44
Finance Lease, Liability, to be Paid, Year Three	39		39
Finance Lease, Liability, to be Paid, Year Four	36		36
Finance Lease, Liability, to be Paid, Year Five	33		33
Finance Lease, Liability, to be Paid, after Year Five	165		165
Finance Lease, Liability, Payment, Due	395		395
Finance Lease, Liability, Undiscounted Excess Amount	(90)		(90)
Finance Lease, Liability	305		305
Lessee, Lease, Description [Line Items]
Leases not yet commenced, estimated obligation	$ 670		$ 670
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	20 years		20 years
Manufacturing Plants
Lessee, Lease, Description [Line Items]
Sale Leaseback Transaction, Net Proceeds, Investing Activities			$ 150
Sale Leaseback Transaction, Net Book Value								$ 131
Sale and Leaseback Transaction, Gain (Loss), Net			19
Distribution Centers
Lessee, Lease, Description [Line Items]
Sale Leaseback Transaction, Net Proceeds, Investing Activities			50
Sale Leaseback Transaction, Net Book Value							$ 27
Sale and Leaseback Transaction, Gain (Loss), Net			$ 23
[1]	Variable lease cost primarily consists of common area maintenance costs, property taxes, and adjustments for inflation.

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, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic EPS:
Net income	$ 298	$ 156	$ 314	$ 230	$ 454	$ 544
Weighted average common shares outstanding (in shares)	1,407.2		1,406.7		1,407.1	1,406.5
Earnings per common share - basic (in dollars per share)	$ 0.21		$ 0.22		$ 0.32	$ 0.39
Diluted EPS:
Weighted average common shares outstanding (in shares)	1,407.2		1,406.7		1,407.1	1,406.5
Effect of dilutive securities:
Weighted average common shares outstanding and common stock equivalents (in shares)	1,421.5		1,419.2		1,420.8	1,418.5
Earnings per common share - diluted (in dollars per share)	$ 0.21		$ 0.22		$ 0.32	$ 0.38
Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation (in shares)	0.3		0.1		0.3	0.1
Stock options
Effect of dilutive securities:
Effect of dilutive securities (in shares)	0.3		0.5		0.4	0.7
RSUs
Effect of dilutive securities:
Effect of dilutive securities (in shares)	14		12		13.3	11.3

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Total stock-based compensation expense	$ 23	$ 20	$ 42	$ 34
Income tax benefit recognized in the Statements of Income	(4)	(4)	(8)	(7)
Stock-based compensation expense, net of tax	$ 19	$ 16	$ 34	$ 27
RSUs
RSUs
Outstanding as of beginning of the period (in shares)			21,492,786
Granted (in shares)			5,933,438
Vested and released (in shares)			(26,155)
Forfeited (in shares)			(913,680)
Outstanding as of end of the period (in shares)	26,486,389		26,486,389		21,492,786
Unrecognized compensation costs related to nonvested awards	$ 328		$ 328
Weighted average recognition period of unrecognized compensation costs			3 years 9 months 21 days
Weighted Average Grant Date Fair Value
Outstanding as of the beginning of the period (in dollars per share)			$ 18.14
Granted (in dollars per share)			23.21
Vested and released (in dollars per share)			24.84
Forfeited (in dollars per share)			20.18
Outstanding as of the end of the period (in dollars per share)	$ 19.20		$ 19.20		$ 18.14
Weighted Average Remaining Contractual Term (Years)
Outstanding			2 years 4 months 24 days		2 years 7 months 6 days
Aggregate Intrinsic Value (in millions)
Outstanding as of the beginning of the period			$ 622
Vested and released			1
Outstanding as of the end of the period	$ 752		$ 752		$ 622

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	$ 22,640	$ 22,674	$ 23,257	$ 22,533
Total equity at end of period	22,923	22,883	22,923	22,883
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(480)	(37)	104	(130)
Other comprehensive income (loss)	152	88	(432)	181
Total equity at end of period	(328)	51	(328)	51
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(479)	(33)	104	(126)
Other comprehensive income (loss)	151	88	(432)	181
Total equity at end of period	(328)	55	(328)	55
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	(1)	(4)	0	(4)
Other comprehensive income (loss)	0	0	(1)	0
Total equity at end of period	(1)	(4)	(1)	(4)
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total equity at beginning of period	0	0	0	0
Other comprehensive income (loss)	1	0	1	0
Total equity at end of period	$ 1	$ 0	$ 1	$ 0

Trade Accounts Receivable, Ne_3

Trade Accounts Receivable, Net (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 9	$ 8
Charges to bad debt expense	15	2
Write-offs and adjustments	(5)	(1)
Ending balance	$ 19	$ 9

Other Financial Information (De

Other Financial Information (Details) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Trade and other accounts receivable		$ 1,029	$ 1,124
Allowance for expected credit losses		(19)	(9)
Total trade accounts receivable, net		1,010	1,115
Inventory Disclosure [Abstract]
Raw materials		271	215
WIP		7	8
Finished goods		492	447
Total		747	654
Inventory, Gross		770	670
Inventory Valuation Reserves		23	16
Prepaid expenses and other current assets:
Other receivables		58	65
Customer incentive programs		87	12
Derivative instruments		14	31
Prepaid marketing		26	17
Spare parts		50	49
Assets held for sale(1)	[1]	3	165
Income tax receivable		7	4
Other		61	60
Prepaid expenses and other current assets		306	403
Other non-current assets:
Customer incentive programs		75	33
Marketable securities - trading	[2]	37	40
Operating lease right-of-use assets		592	497
Derivative instruments		12	19
Equity securities without readily determinable fair values		1	1
Non-current restricted cash and restricted cash equivalents		0	10
Related party notes receivable	[3]	0	50
Other		114	98
Total other non-current assets		831	748
Accrued expenses:
Customer rebates & incentives		324	362
Accrued compensation		167	183
Insurance reserve		53	39
Interest accrual		60	54
Accrued professional fees		25	31
Other accrued expenses		311	270
Total accrued expenses		940	939
Other current liabilities:
Dividends payable		212	212
Income taxes payable		135	75
Operating lease liability		74	69
Finance lease liability		41	41
Derivative instruments		47	12
Holdback liabilities		25	25
Other		9	11
Total other current liabilities		543	445
Other non-current liabilities:
Long-term pension and postretirement liability		28	29
Insurance reserves		72	66
Operating lease liability		522	427
Finance lease liability		264	269
Derivative instruments		22	4
Deferred compensation liability		37	40
Other		89	95
Other non-current liabilities		1,034	930
Other Financial Information [Line Items]
Cash and Cash Equivalents, at Carrying Value		149	75
Restricted cash and restricted cash equivalents	[4]	28	26
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		177	111	$ 160	$ 139
Suppliers Utilizing Third Party Services
Other Financial Information [Line Items]
Accounts payable		$ 2,487	$ 2,097
[1]	The decrease in assets held for sale was due to the assets included in sale-leaseback transactions that closed during the period. Refer to Note 8 for additional information about the transactions. The remaining amounts were comprised of property, plant and equipment expected to be sold within the next twelve months.
[2]	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 $37 million and $40 million as of June 30, 2020 and December 31, 2019 , respectively.
[3]	Refer to Note 4 for additional information .
[4]	Restricted cash and cash equivalents primarily represent amounts held in escrow in connection with the Core Acquisition , the Bai Acquisition and the Big Red Acquisition . Amounts held in escrow are expected to be released within one year.

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Details) - Antitrust Litigation [Member] $ in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Jul. 30, 2020USD ($)	Dec. 31, 2014CAD ($)
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value		$ 600
Subsequent Event [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party	$ 31

Segments - Schedules of Results

Segments - Schedules of Results (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Results – Income from operations
Net sales	$ 2,864	$ 2,812	$ 5,477	$ 5,316
Income from operations	561	587	1,027	1,085
Beverage Concentrates
Segment Results – Income from operations
Net sales	309	370	615	674
Packaged Beverages
Segment Results – Income from operations
Net sales	1,392	1,311	2,609	2,427
Latin America Beverages
Segment Results – Income from operations
Net sales	120	141	237	257
Coffee Systems
Segment Results – Income from operations
Net sales	1,043	990	2,016	1,958
Operating Segments | Beverage Concentrates
Segment Results – Income from operations
Income from operations	220	244	417	445
Operating Segments | Packaged Beverages
Segment Results – Income from operations
Income from operations	208	186	397	335
Operating Segments | Latin America Beverages
Segment Results – Income from operations
Income from operations	21	26	48	37
Operating Segments | Coffee Systems
Segment Results – Income from operations
Income from operations	290	287	562	580
Corporate Unallocated
Segment Results – Income from operations
Income from operations	$ (178)	$ (156)	$ (397)	$ (312)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales		$ 2,864	$ 2,812	$ 5,477		$ 5,316
CSD
Disaggregation of Revenue [Line Items]
Net sales		1,016	1,005	1,963	[1]	1,905	[1]
NCB
Disaggregation of Revenue [Line Items]
Net sales		692	703	1,291	[1]	1,242	[1]
Pods
Disaggregation of Revenue [Line Items]
Net sales		830	783	1,621	[2]	1,576	[2]
Appliances
Disaggregation of Revenue [Line Items]
Net sales		173	154	300		277
Other
Disaggregation of Revenue [Line Items]
Net sales		153	167	302		316
Beverage Concentrates
Disaggregation of Revenue [Line Items]
Net sales		309	370	615		674
Beverage Concentrates | CSD
Disaggregation of Revenue [Line Items]
Net sales	[1]	304	362	606		660
Beverage Concentrates | NCB
Disaggregation of Revenue [Line Items]
Net sales	[1]	2	3	4		5
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		3	5	5		9
Packaged Beverages
Disaggregation of Revenue [Line Items]
Net sales		1,392	1,311	2,609		2,427
Packaged Beverages | CSD
Disaggregation of Revenue [Line Items]
Net sales		621	541	1,184	[1]	1,063	[1]
Packaged Beverages | NCB
Disaggregation of Revenue [Line Items]
Net sales		662	662	1,224	[1]	1,163	[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		109	108	201		201
Latin America Beverages
Disaggregation of Revenue [Line Items]
Net sales		120	141	237		257
Latin America Beverages | CSD
Disaggregation of Revenue [Line Items]
Net sales		91	102	173	[1]	182	[1]
Latin America Beverages | NCB
Disaggregation of Revenue [Line Items]
Net sales		28	38	63	[1]	74	[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	1	1		1
Coffee Systems
Disaggregation of Revenue [Line Items]
Net sales		1,043	990	2,016		1,958
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]	830	783	1,621		1,576
Coffee Systems | Appliances
Disaggregation of Revenue [Line Items]
Net sales		173	154	300		277
Coffee Systems | Other
Disaggregation of Revenue [Line Items]
Net sales		$ 40	$ 53	$ 95		$ 105
[1]	Represents net sales of owned and partner 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.