{"id":2737,"date":"2020-04-27T16:19:00","date_gmt":"2020-04-27T16:19:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/"},"modified":"2020-04-27T16:19:00","modified_gmt":"2020-04-27T16:19:00","slug":"keurig-dr-pepper-reports-strong-start-to-2020-2","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/","title":{"rendered":"Keurig Dr Pepper Reports Strong Start to 2020"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen19{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen29{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen18{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen6{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen25{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 2pt double; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen7{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen9{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen24{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen13{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 2pt double; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen10{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen17{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:2.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen16{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:1.67em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen32{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 2pt double; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen12{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen15{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen20{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen23{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen8{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen11{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.84em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen28{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen27{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen31{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 2pt double; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen21{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen30{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen14{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 2pt double; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen22{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnpl10{\nPADDING-LEFT:0.84em\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">BURLINGTON, Massachusetts<\/span> and <span class=\"xn-location\">PLANO, Texas<\/span>, <span class=\"xn-chron\">April 27, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Keurig Dr Pepper Inc. (NYSE: KDP) today reported strong financial results for the first quarter ended <span class=\"xn-chron\">March 31<\/span>, 2020.\u00a0 Net sales in the first quarter of 2020 increased 4.4% to <span class=\"xn-money\">$2.61 billion<\/span>, compared to <span class=\"xn-money\">$2.50 billion<\/span> in the year-ago period, reflecting growth in all four reporting segments. \u00a0On a constant currency basis, net sales increased 4.5%.<\/p>\n<p>On a GAAP basis, diluted earnings per share in the first quarter of 2020 decreased to <span class=\"xn-money\">$0.11<\/span>, compared to <span class=\"xn-money\">$0.16<\/span> in the year-ago period.\u00a0 Excluding items affecting comparability<sup>1<\/sup>, Adjusted diluted EPS advanced 16% to <span class=\"xn-money\">$0.29<\/span>, compared to <span class=\"xn-money\">$0.25<\/span> in the year-ago period.<\/p>\n<p>As previously announced, earlier this month the Company completed a strategic refinancing that extended its debt maturities and enhanced its liquidity profile, including a <span class=\"xn-money\">$1.5 billion<\/span> senior notes issuance and the refinancing and upsizing of its 364-day revolving credit facility. \u00a0The refinancing, which did not change the Company&#8217;s total debt balance or deleveraging commitments, increased KDP&#8217;s liquidity to a level that the Company believes will exceed its liquidity needs, even in the event of a protracted downturn.\u00a0\u00a0<\/p>\n<p>Commenting on the announcement, Chairman and CEO <span class=\"xn-person\">Bob Gamgort<\/span> stated, &#8220;We delivered Q1 performance in line with our long-term targets, building on the business strength demonstrated since our merger in mid-2018 and setting us up for a strong 2020.\u00a0 However, we are now operating in a distinctly different environment that has required us to pivot significantly. The extraordinary steps we&#8217;ve taken to keep our teams safe and working, coupled with our broad portfolio and seven distinct routes to market, position us to continue to successfully navigate this unprecedented time. \u00a0I recognize the significant role KDP employees are playing in our future success, and I can&#8217;t thank them enough for their tireless efforts to ensure we continue to meet the needs of our customers and consumers. \u00a0Finally, while the timing of the macroeconomic recovery remains uncertain, we remain confident in our ability to deliver the guidance we reaffirmed today, particularly our Adjusted EPS and deleveraging commitments.&#8221;<\/p>\n<p><b><u>First Quarter Consolidated Results<br \/><\/u><\/b>Net sales for the first quarter of 2020 increased 4.4% to <span class=\"xn-money\">$2.61 billion<\/span>, compared to <span class=\"xn-money\">$2.50 billion<\/span> in the year-ago period. \u00a0On a constant currency basis, net sales advanced 4.5%, reflecting strong volume\/mix growth of 5.0%, partially offset by lower net price realization of 0.5%. The volume\/mix growth reflected particular strength in the Packaged Beverages segment, which included a benefit from the impact of\u00a0COVID-19 late in the quarter, partially offset by slowdowns in the fountain foodservice business in the Beverage Concentrates segment and the away-from-home business in the Coffee Systems segment, both of which experienced an unfavorable impact from COVID-19 late in the quarter.\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>KDP in-market performance<sup>2<\/sup> was very strong in the first quarter of 2020, with market share advancing in the majority of the Company&#8217;s key categories, including CSDs<sup>3<\/sup>, premium unflavored water, shelf stable fruit drinks and shelf stable apple juice and apple sauce. This performance reflected the strength of Dr Pepper and Canada Dry CSDs, CORE hydration and evian premium water, Snapple juice drinks and Motts apple juice and apple sauce. In coffee, retail consumption of single-serve pods manufactured by KDP grew over 6% in IRi tracked channels with dollar market share of KDP manufactured pods remaining strong at 81.0%.<\/p>\n<p>Operating income decreased 6.4% to <span class=\"xn-money\">$466 million<\/span> in the first quarter of 2020, compared to <span class=\"xn-money\">$498 million<\/span> in the year-ago period, largely reflecting the unfavorable year-over-year impact of items affecting comparability, which includes an <span class=\"xn-money\">$86 million<\/span> non-cash impairment charge on an equity investment. Also impacting the quarter was inflation, primarily in input costs and logistics, higher operating costs associated with increased consumer demand, tariffs, and the unfavorable comparison to a <span class=\"xn-money\">$10 million<\/span> gain on the renegotiation of a manufacturing contract in the prior year. Partially offsetting these drivers were the benefits of productivity and merger synergies, which impacted both SG&amp;A and cost of sales, the strong growth in net sales and a network optimization program gain of <span class=\"xn-money\">$42 million<\/span> on the asset sale-leaseback of four facilities. Excluding items affecting comparability, Adjusted operating income increased 10.1% to <span class=\"xn-money\">$684 million<\/span>, compared to <span class=\"xn-money\">$621 million<\/span> in the year-ago period, and Adjusted operating margin advanced 140 basis points to 26.2%. \u00a0On a constant currency basis, Adjusted operating income grew 10.5%.\u00a0\u00a0<\/p>\n<p>Net income decreased 32% to <span class=\"xn-money\">$156 million<\/span>, or <span class=\"xn-money\">$0.11<\/span> per diluted share, in the first quarter of 2020, compared to <span class=\"xn-money\">$230 million<\/span>, or <span class=\"xn-money\">$0.16<\/span> per diluted share, in the year-ago period, meaningfully impacted by items affecting comparability.\u00a0 Excluding these items, Adjusted net income advanced 13% to <span class=\"xn-money\">$408 million<\/span> in the first quarter of 2020, compared to <span class=\"xn-money\">$362 million<\/span> in the year-ago period. This performance reflected the strong growth in Adjusted operating income, a lower Adjusted effective tax rate and lower Adjusted interest expense due to continued deleveraging, partially offset by a smaller gain in 2020 totaling <span class=\"xn-money\">$20 million<\/span> from unwinding interest rate swap contracts versus the <span class=\"xn-money\">$27 million<\/span> gain recorded in 2019. \u00a0Adjusted diluted EPS advanced 16% to <span class=\"xn-money\">$0.29<\/span>, compared to <span class=\"xn-money\">$0.25<\/span> in the year-ago period.<\/p>\n<p>The Company generated strong free cash flow of approximately <span class=\"xn-money\">$464 million<\/span> in the first quarter of 2020, enabling KDP to reduce bank debt by <span class=\"xn-money\">$42 million<\/span> and repay <span class=\"xn-money\">$107 million<\/span> of structured payables.<\/p>\n<p>The Company&#8217;s management leverage ratio declined from 4.5x at year-end 2019 to 4.2x at the end of the first quarter of 2020, reflecting lower outstanding indebtedness and continued growth in Adjusted EBITDA, including the permanent benefit of adding certain amortization expenses not previously incorporated in the calculation of Adjusted EBITDA. <\/p>\n<div>\n<table id=\"convertedTableed13\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>1<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted financial metrics used in this release are non-GAAP. See reconciliations of GAAP results to Adjusted results in the accompanying tables.\u00a0 <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>2<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">In-market performance (retail consumption; market share) based on Keurig Dr Pepper&#8217;s custom IRi category definitions.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>3<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">CSD refers to &#8220;Carbonated Soft Drink&#8221;.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b><u>First Quarter Segment Results<\/u><\/b><\/p>\n<p><b><i>Coffee Systems<br \/><\/i><\/b>Net sales for the first quarter of 2020 increased 0.5% to <span class=\"xn-money\">$973 million<\/span>, compared to <span class=\"xn-money\">$968 million<\/span> in the year-ago period, reflecting higher volume\/mix of 3.7% and favorable foreign currency translation of 0.1%, partially offset by lower net price realization of 3.3% resulting from strategic price investments. The volume\/mix increase of 3.7% reflected strong pod volume growth of 5.6%, despite a significant decline late in the quarter in the away-from-home coffee business due to both office closures and hospitality slowdown caused by COVID-19.\u00a0 Brewer volume declined 2.4% in the quarter, reflecting comparison to the double-digit growth recorded in the year-ago period, as well as the expected shift of brewer shipments from the first quarter to later in the year as a result of the timing impact of COVID-19 on brewer supply from certain regions in <span class=\"xn-location\">Asia<\/span>. <\/p>\n<p>Operating income declined 7.2% to <span class=\"xn-money\">$272 million<\/span> in the first quarter of 2020, compared to <span class=\"xn-money\">$293 million<\/span> in the year-ago period, reflecting the unfavorable year-over-year impact of items affecting comparability, strategic pricing, tariffs, and an increase in other operating costs. Partially offsetting these drivers were the benefits of continued productivity and merger synergies, a network optimization program gain of <span class=\"xn-money\">$16 million<\/span> on the asset sale-leaseback of a manufacturing facility and the strong pod volume growth. Excluding items affecting comparability, Adjusted operating income in the quarter increased 3.6% to <span class=\"xn-money\">$347 million<\/span>, compared to <span class=\"xn-money\">$335 million<\/span> in the year-ago period, and Adjusted operating margin advanced 110 basis points to 35.7%.<\/p>\n<p><b><i>Packaged Beverages<br \/><\/i><\/b>Net sales for the first quarter of 2020 advanced 9.1% to <span class=\"xn-money\">$1.22 billion<\/span>, compared to <span class=\"xn-money\">$1.12 billion<\/span> in the year-ago period, reflecting strong volume\/mix growth of 8.7% and higher net price realization of 0.4%. The increase in volume\/mix reflected strength in premium water, carbonated soft drinks, juice and apple sauce, partially driven by heightened consumer demand due to stock-up behavior late in the quarter related to COVID-19.\u00a0 Driving the net sales performance in the quarter were evian, Dr Pepper, Motts, Canada Dry, Core, A Shoc, A&amp;W, 7UP and Squirt, as well as increased contract manufacturing. <\/p>\n<p>Operating income increased approximately 27% to <span class=\"xn-money\">$189 million<\/span> in the first quarter of 2020, compared to <span class=\"xn-money\">$149 million<\/span> in the year-ago period, reflecting the strong net sales growth, continued productivity and merger synergies, and a network optimization program gain of <span class=\"xn-money\">$26 million<\/span> on the asset sale-leaseback of three facilities. These growth drivers were partially offset by higher manufacturing costs to meet the surge in consumer demand late in the quarter, inflation in packaging, labor and logistics costs, the unfavorable comparison versus year-ago of a <span class=\"xn-money\">$10 million<\/span> gain related to the renegotiation of a manufacturing contract, and an increase in other operating costs. Also impacting the comparison was a slight year-over-year impact of items affecting comparability. Excluding these items, Adjusted operating income increased 27% to <span class=\"xn-money\">$203 million<\/span>, compared to <span class=\"xn-money\">$160 million<\/span> in the year-ago period and Adjusted operating margin advanced 240 basis points to 16.7% of net sales.<\/p>\n<p><b><i>Beverage Concentrates<br \/><\/i><\/b>Net sales for the first quarter of 2020 increased 0.7% to <span class=\"xn-money\">$306 million<\/span>, compared to <span class=\"xn-money\">$304 million<\/span> in the year-ago period, reflecting higher net price realization of 2.4%, partially offset by unfavorable volume\/mix of 1.7%. The volume\/mix decline reflected a significant channel shift away from on-premise business, which is shipped directly, as demand dropped off quickly late in the quarter due to COVID-19, partially offset by a slower build of the at-home business, as inventories in the Company&#8217;s partner bottling network were worked down.<\/p>\n<p>Dr Pepper continued to demonstrate net sales strength in the quarter, partially offset by Crush. \u00a0Shipment volume versus year-ago declined 2.4% in the first quarter of 2020, reflecting an immediate impact of \u00a0\u00a0COVID-19 on the fountain foodservice business late in the quarter, partially offset by growth in concentrate shipment volume for retail product. \u00a0Bottler case sales increased 1.0% in the first quarter of 2020.<\/p>\n<p>Operating income decreased 2.0% to <span class=\"xn-money\">$197 million<\/span> in the first quarter of 2020, compared to <span class=\"xn-money\">$201 million<\/span> in the year-ago period, reflecting the benefit of the net sales growth which was more than offset by higher marketing investments in the quarter. Operating margin decreased 170 basis points versus year-ago to 64.4%.\u00a0 <\/p>\n<p><b><i>Latin America Beverages<br \/><\/i><\/b>Net sales for the first quarter of 2020 increased 0.9% to <span class=\"xn-money\">$117 million<\/span>, compared to net sales of <span class=\"xn-money\">$116 million<\/span> in the year-ago period, reflecting higher net price realization of 5.9% partially offset by unfavorable volume\/mix of 0.7% and unfavorable foreign currency translation of 4.3%.\u00a0 On a constant currency basis, net sales increased 5.2% in the quarter.<\/p>\n<p>Operating income increased to <span class=\"xn-money\">$27 million<\/span> in the first quarter of 2020, compared to <span class=\"xn-money\">$11 million<\/span> in the year-ago period, reflecting a favorable foreign currency transaction impact, the net sales growth, continued productivity and a modest year-over year benefit from items affecting comparability. Partially offsetting these growth drivers were inflation in input costs, manufacturing and logistics. \u00a0Excluding items affecting comparability, Adjusted operating income more than doubled in the first quarter of 2020 to <span class=\"xn-money\">$27 million<\/span>, compared to <span class=\"xn-money\">$12 million<\/span> in the year-ago period, resulting in Adjusted operating margin advancing 1,280 basis points versus year-ago to 23.1%.<\/p>\n<p><b><u>KDP Outlook for 2020 <br \/><\/u><\/b>The impacts and volatility of COVID-19 are expected to be significant in 2020, and the timing and pacing of re-opening the economy and ultimately transitioning into what is likely to be a new normal are highly uncertain.\u00a0 Nevertheless, given the Company&#8217;s broad portfolio and unmatched distribution network that spans seven distinct routes to market, KDP is reaffirming its guidance for 2020.\u00a0 <\/p>\n<p>Specifically, for the full-year 2020, KDP expects constant currency net sales growth in the range of 3% to 4%, with performance likely at the low end of the range. \u00a0\u00a0The Company expects full-year 2020 Adjusted diluted EPS growth in the range of 13% to 15%, or <span class=\"xn-money\">$1.38<\/span> to <span class=\"xn-money\">$1.40<\/span> per diluted share, given the significant visibility and control the Company maintains over its cost structure, including aggressive cost management, productivity programs and merger synergies.\u00a0 As such, the Company continues to expect its management leverage ratio in the range of 3.5x to 3.8x at year end 2020 and its management leverage ratio to be below 3.0x in two to three years from the <span class=\"xn-chron\">July 2018<\/span> merger closing.<\/p>\n<p><b><u>Investor Contacts:<br \/><\/u><\/b><span class=\"xn-person\">Tyson Seely<\/span><br \/>Keurig Dr Pepper<br \/>T: 781-418-3352 \/ <a target=\"_blank\" href=\"mailto:tyson.seely@kdrp.com\" rel=\"nofollow\">tyson.seely@kdrp.com<\/a> <\/p>\n<p><span class=\"xn-person\">Steve Alexander<\/span><br \/>Keurig Dr Pepper<br \/>T: 972-673-6769 \/ <a target=\"_blank\" href=\"mailto:steve.alexander@kdrp.com\" rel=\"nofollow\">steve.alexander@kdrp.com<\/a><\/p>\n<p><b><u>Media Contact:<br \/><\/u><\/b><span class=\"xn-person\">Katie Gilroy<\/span><br \/>Keurig Dr Pepper<br \/>T: 781-418-3345 \/ <a target=\"_blank\" href=\"mailto:katie.gilroy@kdrp.com\" rel=\"nofollow\">katie.gilroy@kdrp.com<\/a> <\/p>\n<p><b>About Keurig Dr Pepper<\/b> <br \/>Keurig Dr Pepper (KDP) is a leading beverage company in <span class=\"xn-location\">North America<\/span>, with annual revenue in excess of <span class=\"xn-money\">$11 billion<\/span> and nearly 26,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and <span class=\"xn-location\">Canada<\/span>. The Company&#8217;s portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig\u00ae, Dr Pepper\u00ae, Green Mountain Coffee Roasters\u00ae, Canada Dry\u00ae, Snapple\u00ae, Bai\u00ae, Mott&#8217;s\u00ae, CORE\u00ae and The Original Donut Shop\u00ae. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers.\u00a0 The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.\u00a0 For more information, visit, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2785989-1&amp;h=3816887497&amp;u=http%3A%2F%2Fwww.keurigdrpepper.com%2F&amp;a=www.keurigdrpepper.com\" rel=\"nofollow\">www.keurigdrpepper.com<\/a>. <\/p>\n<p><b>FORWARD LOOKING STATEMENTS<br \/><\/b>Certain statements contained herein are &#8220;forward-looking statements&#8221; within the meaning of applicable securities laws and regulations. These forward-looking statements can generally be identified by the use of words such as &#8220;outlook,&#8221; &#8220;guidance,&#8221; &#8220;anticipate,&#8221; &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;feel,&#8221; &#8220;forecast,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;project,&#8221; &#8220;should,&#8221; &#8220;target,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; and similar words, phrases or expressions and variations or negatives of these words, although not all forward-looking statements contain these identifying words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements regarding the estimated or anticipated future results of the combined company following the combination of Keurig Green Mountain, Inc. (&#8220;KGM&#8221;) and Dr Pepper Snapple Group, Inc. (&#8220;DPSG&#8221; and such combination, the &#8220;transaction&#8221;), the anticipated benefits of the transaction, including estimated synergies and cost savings, the long-term merger targets, and other statements that are not historical facts. These statements are based on the current expectations of our management and are not predictions of actual performance.<\/p>\n<p>These forward-looking statements are subject to a number of risks and uncertainties regarding the company&#8217;s business and the transaction and actual results may differ materially. These risks and uncertainties include, but are not limited to: (i) the impact the significant additional debt incurred in connection with the transaction may have on our ability to operate our business, (ii) risks relating to the integration of the KGM and DPS operations, products and employees into the combined company and assumption of certain potential liabilities of KGM and the possibility that the anticipated synergies and other benefits of the transaction, including cost savings, will not be realized or will not be realized within the expected timeframe, (iii) the impact of the global COVID-19 pandemic, and (iv) risks relating to the businesses and the industries in which our combined company operates. These risks and uncertainties, as well as other risks and uncertainties, are more fully discussed in the Company&#8217;s filings with the SEC, including our Annual Report on Form 10-K filed with the SEC on <span class=\"xn-chron\">February 27, 2020<\/span>, and our subsequent filings with the SEC. While the lists of risk factors presented here and in our public filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Any forward-looking statement made herein speaks only as of the date of this document. We are under no obligation to, and expressly disclaim any obligation to, update or alter any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by applicable laws or regulations.<\/p>\n<p><b>NON-GAAP FINANCIAL MEASURES<br \/><\/b>This release includes certain non-GAAP financial measures including Adjusted operating income, Adjusted net income, \u00a0Adjusted diluted EPS and Free Cash Flow, which differ from results using U.S. Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures should be considered as supplements to the GAAP reported measures, should not be considered replacements for, or superior to, the GAAP measures and may not be comparable to similarly named measures used by other companies. Non-GAAP financial measures typically exclude certain charges, including one-time costs related to the transaction and integration activities, which are not expected to occur routinely in future periods. The Company uses non-GAAP financial measures internally to focus management on performance excluding these special charges to gauge our business operating performance. Management believes this information is helpful to investors because it increases transparency and assists investors in understanding the underlying performance of the Company and in the analysis of ongoing operating trends. Additionally, management believes that non-GAAP financial measures are frequently used by analysts and investors in their evaluation of companies, and its continued inclusion provides consistency in financial reporting and enables analysts and investors to perform meaningful comparisons of past, present and future operating results. The most directly comparable GAAP financial measures and reconciliations to non-GAAP financial measures are set forth in the appendix to this release and included in the Company&#8217;s filings with the SEC.<\/p>\n<p>To the extent that the Company provides guidance, it does so only on a non-GAAP basis and does not provide reconciliations of such forward-looking non-GAAP measures to GAAP due to the inability to predict the amount and timing of impacts outside of the Company&#8217;s control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others.<\/p>\n<div>\n<table id=\"convertedTablee4c7\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>CONDENSED CONSOLIDATED STATEMENTS OF INCOME<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>For the First Quarter of 2020 and 2019<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited, in millions, except per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"7\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>First Quarter<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions, except per share data)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2019<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net sales<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,613<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,504<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of sales<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,161<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,106<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,452<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,398<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Selling, general and administrative expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,028<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">911<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other operating income, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(42)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income from operations<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>466<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">498<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>153<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">169<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on early extinguishment of debt<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment on investment and note receivable<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>86<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other expense, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>20<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income before provision for income taxes<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>205<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">315<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Provision for income taxes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>49<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>156<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">230<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Earnings per common share:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Basic<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.11<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.16<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Diluted<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>0.11<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.16<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average common shares outstanding:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Basic<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,407.0<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,406.3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Diluted<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,420.1<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,417.7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTable63d8\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>CONDENSED CONSOLIDATED BALANCE SHEETS<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>As of March 31, 2020 and December 31, 2019<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited, in millions, except shares and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions, except share and per share data)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2019<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Assets<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current assets:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>197<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">75<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restricted cash and restricted cash equivalents<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Trade accounts receivable, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,037<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,115<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventories<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>682<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">654<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Prepaid expenses and other current assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>335<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">403<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,277<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,273<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Property, plant and equipment, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,028<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Investments in unconsolidated affiliates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>105<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">151<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>19,898<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20,172<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other intangible assets, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>23,706<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24,117<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other non-current assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>811<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">748<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred tax assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>29<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>48,843<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,518<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Liabilities and Stockholders&#8217; Equity<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current liabilities:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,238<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,176<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accrued expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>960<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">939<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Structured payables<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>258<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">321<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Short-term borrowings and current portion of long-term obligations<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,957<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,593<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>445<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">445<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>6,858<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,474<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Long-term obligations<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>12,431<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,827<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred tax liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>5,917<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,030<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other non-current liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>997<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">930<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>26,203<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,261<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Commitments and contingencies<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stockholders&#8217; equity:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>\u2014<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Common stock, $0.01 par value, 2,000,000,000 shares authorized, 1,407,079,951 and 1,406,852,305 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>14<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>21,579<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,557<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Retained earnings<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,527<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,582<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated other comprehensive (income) loss<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(480)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">104<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total stockholders&#8217; equity<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22,640<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23,257<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities and stockholders&#8217; equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>48,843<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,518<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTableaba4\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>For The<\/i><\/b><b>\u00a0<i>First Quarter of 2020 and 2019<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited, in millions)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>First Quarter<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2019<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating activities:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net income<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>156<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">230<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjustments to reconcile net income to net cash provided by operating activities:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>98<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>33<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other amortization expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>32<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Provision for sales returns<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>7<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred income taxes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(5)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Employee stock based compensation expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>19<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on early extinguishment of debt<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gain on disposal of property, plant and equipment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(43)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Unrealized loss (gain) on foreign currency<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(17)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Unrealized loss on derivatives<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>43<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Equity in losses of unconsolidated affiliates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>15<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment on investment and note receivable of unconsolidated affiliate<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>86<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Changes in assets and liabilities, net of effects of acquisition:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Trade accounts receivable<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>42<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">126<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventories<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(38)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(36)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income taxes receivable, prepaid and payables, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(29)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">68<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current and non current assets<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(179)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(102)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable and accrued expenses<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>150<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">125<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current and non current liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(19)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net change in operating assets and liabilities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(73)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>175<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash provided by operating activities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>414<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>591<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Investing activities:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Issuance of related party note receivable<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(6)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchases of property, plant and equipment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(151)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(62)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from sales of property, plant and equipment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>201<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchases of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(15)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>5<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash provided by (used in) investing activities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>34<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(45)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Financing activities:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from unsecured credit facility<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,000<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from term loan<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>\u2014<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,000<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net (repayment) issuance of commercial paper<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(387)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">594<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from structured payables<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>44<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments on structured payables<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(107)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments on senior unsecured notes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(250)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(250)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Repayment of term loan<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(405)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,758)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Payments on finance leases<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(13)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash dividends paid<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(212)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(211)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen17\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net cash (used in) financing activities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(328)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(556)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cash, cash equivalents, restricted cash and restricted cash equivalents \u2014 net change from:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating, investing and financing activities<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>120<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(10)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(8)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>111<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">139<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>223<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>139<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTable3efc\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF SEGMENT INFORMATION<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>First Quarter<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2019<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net Sales<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Coffee Systems<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>973<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">968<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Packaged Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,217<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,116<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Beverage Concentrates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>306<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">304<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Latin America Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>117<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">116<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total net sales<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,613<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,504<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income from Operations<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Coffee Systems<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>272<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">293<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Packaged Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>189<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Beverage Concentrates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>197<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">201<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Latin America Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Unallocated corporate costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(219)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(156)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total income from operations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>466<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">498<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p><b>KEURIG DR PEPPER INC.<\/b><br \/><b>RECONCILIATION OF CERTAIN NON-GAAP INFORMATION<br \/><\/b><b>(Unaudited)<\/b><\/p>\n<p>The company reports its financial results in accordance with U.S. GAAP. However, management believes that certain non-GAAP financial measures that reflect the way management evaluates the business may provide investors with additional information regarding the company&#8217;s results, trends and ongoing performance on a comparable basis.<\/p>\n<p>For the first quarter of 2020 and 2019, we define our Adjusted non-GAAP financial measures as certain financial statement captions and metrics adjusted for certain items affecting comparability. The items affecting comparability are defined below.<\/p>\n<p>Specifically, investors should consider the following with respect to our financial results:<\/p>\n<p><b>Adjusted<\/b>:\u00a0Defined as certain financial statement captions and metrics adjusted for certain items affecting comparability.<\/p>\n<p><b>Items affecting comparability<\/b>: Defined as certain items that are excluded for comparison to prior year periods, adjusted for the tax impact as applicable. Tax impact is determined based upon an approximate rate for each item. For each period, management adjusts for (i) the unrealized mark-to-market impact of derivative instruments not designated as hedges in accordance with U.S. GAAP and do not have an offsetting risk reflected within the financial results; (ii) the amortization associated with definite-lived intangible assets; (iii) the amortization of the deferred financing costs associated with the DPS Merger and Keurig Acquisition; (iv) the amortization of the fair value adjustment of the senior unsecured notes obtained as a result of the DPS Merger; (v) stock compensation expense attributable to the matching awards made to employees who made an initial investment in the Keurig Green Mountain, Inc. Executive Ownership Plan, the Keurig Dr Pepper Omnibus Incentive Plan of 2009 or the Keurig Dr Pepper Inc. Omnibus Incentive Plan of 2019; and (vi) other certain items that are excluded for comparison purposes to prior year periods.<\/p>\n<p>Prior to the second quarter of 2019, we did not add back the amortization of the fair value adjustment of the senior unsecured debt recognized as a result of the purchase price allocation for the DPS Merger. As this item is similar to the amortization of intangibles, we changed our method of computing Adjusted results to exclude the amortization of the fair value adjustment of the senior unsecured notes in order to reflect how management views our business results on a consistent basis.<\/p>\n<p>For the first quarter of 2020, the other certain items excluded for comparison purposes include (i) restructuring and integration expenses related to the DPS Merger and the Keurig Acquisition; (ii) productivity expenses; (iii) transaction costs for significant business combinations (completed or abandoned) excluding the DPS Merger; (iv) costs related to significant nonroutine legal matters; (v) the loss on early extinguishment of debt related to the redemption of debt; (vi) incremental costs to our operations related to risks associated with the COVID-19 pandemic and (vii) impairment recognized on equity method investment with Bedford Systems, LLC.<\/p>\n<p>Incremental costs to our operations related to risks associated with the COVID-19 pandemic include incremental expenses incurred to either maintain the health and safety of our front-line employees or temporarily increase compensation to such employees to ensure essential operations continue during the pandemic. We believe removing these costs reflects how management views our business results on a consistent basis.<\/p>\n<p>For the first quarter of 2019, the other certain items excluded for comparison purposes include (i) restructuring and integration expenses related to the DPS Merger and the Keurig Acquisition; (ii) productivity expenses; (iii) transaction costs for significant business combinations (completed or abandoned) excluding the DPS Merger; (iv) costs related to significant nonroutine legal matters; (v) the impact of the step-up of acquired inventory not associated with the DPS Merger (vi) the loss on early extinguishment of debt related to the redemption of debt and (vii) the loss related to the <span class=\"xn-chron\">February 2019<\/span> organized malware attack on our business operation networks in the Coffee Systems segment.<\/p>\n<p>For the first quarter of 2020 and 2019, the supplemental financial data set forth below includes reconciliations of Adjusted income from operations, Adjusted net income and Adjusted diluted EPS to the applicable financial measure presented in the unaudited condensed consolidated financial statement for the same period.<\/p>\n<p>Reconciliations for these items are provided in the tables below.<\/p>\n<div>\n<table id=\"convertedTable1839\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF CERTAIN REPORTED ITEMS TO CERTAIN NON-GAAP ADJUSTED ITEMS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the First Quarter Ended March 31, 2020<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited, in millions, except per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen21\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cost of sales<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross margin<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Selling, general<br \/>and<br \/>administrative<br \/>expenses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income from<br \/>operations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating margin<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Reported<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,161<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,452<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55.6<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,028<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">466<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">17.8<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Items Affecting Comparability:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark to market<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(43)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">58<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stock compensation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring and integration costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(52)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Productivity<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(16)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(38)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Nonroutine legal matters<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">COVID-19<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted GAAP<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,129<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,484<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56.8<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">842<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">684<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26.2<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Interest<br \/>expense<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss on early<br \/>extinguishment<br \/>of debt<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Impairment<br \/>on investment<br \/>and note<br \/>receivable<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income<br \/>before<br \/>provision for<br \/>income taxes<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Provision for<br \/>income<br \/>taxes<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Effective<br \/>tax rate<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net<br \/>income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted<br \/>Average<br \/>Diluted<br \/>shares<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Diluted<br \/>earnings<br \/>per share<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Reported<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">153<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">205<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23.9<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">156<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,420.1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.11<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Items Affecting Comparability:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark to market<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">82<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.04<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.02<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of deferred financing costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of fair value debt adjustment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stock compensation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring and integration costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">38<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.03<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Productivity<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.03<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on early extinguishment of debt<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment on investment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(86)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">65<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.05<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Nonroutine legal matters<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">COVID-19<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted GAAP<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">120<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">544<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">136<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25.0<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">408<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,420.1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.29<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div>\n<table id=\"convertedTable1d6f\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Diluted earnings per common share may not foot due to rounding.<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTabled320\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF CERTAIN REPORTED ITEMS TO CERTAIN NON-GAAP ADJUSTED ITEMS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the First Quarter Ended March 31, 2019<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited, in millions, except per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"22\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cost of sales<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Gross<br \/>margin<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Selling, general and<br \/>administrative<br \/>expenses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income from<br \/>operations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating<br \/>margin<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Reported<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,106<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,398<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55.8<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">911<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">498<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">19.9<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Items Affecting Comparability:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark to market<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(31)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stock compensation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring and integration costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(60)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Productivity<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Nonroutine legal matters<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventory step-up<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Malware incident<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted GAAP<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,085<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,419<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56.7<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">809<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">621<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24.8<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Interest<br \/>expense<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss on early<br \/>extinguishment<br \/>of debt<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Other<br \/>expense<br \/>(income), <br \/>net<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income before<br \/>provision for<br \/>income taxes<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Provision<br \/>for<br \/>income<br \/>taxes<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Effective<br \/>tax rate<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted<br \/>Average<br \/>Diluted <br \/>shares<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Diluted<br \/>earnings<br \/>per share<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Reported<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">169<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">315<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27.0<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">230<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,417.7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.16<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Items Affecting Comparability:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark to market<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(29)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">27<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.01<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.02<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of deferred financing costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of fair value debt adjustment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stock compensation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring and integration costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.03<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Productivity<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Transaction costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on early extinguishment of debt<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Nonroutine legal matters<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Inventory step-up<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Malware incident<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted GAAP<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">124<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">490<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">128<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26.1<\/span><\/p>\n<\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">362<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,417.7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.25<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div>\n<table id=\"convertedTablee883\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Diluted earnings per common share may not foot due to rounding.<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTabledb31\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"12\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF SEGMENT ITEMS TO CERTAIN NON-GAAP ADJUSTED SEGMENT ITEMS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Items Affecting<br \/>Comparability<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted<br \/>GAAP<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the First Quarter Ended March 31, 2020<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income from Operations<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Coffee Systems<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>272<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>75<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>347<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Packaged Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>189<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>14<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>203<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Beverage Concentrates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>197<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>\u2014<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>197<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Latin America Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>\u2014<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>27<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Unallocated corporate costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(219)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>129<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(90)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total income from operations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>466<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>218<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>684<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" class=\"prngen21\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" class=\"prngen21\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Reported<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Items Affecting<br \/>Comparability<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted<br \/>GAAP<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the First Quarter Ended March 31, 2019<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Income from Operations<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Coffee Systems<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">293<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">42<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">335<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Packaged Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">160<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Beverage Concentrates<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">201<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">201<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Latin America Beverages<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Unallocated corporate costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(156)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">69<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(87)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total income from operations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">498<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">123<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">621<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTable5f6c\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"4\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions, except for ratio)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ADJUSTED EBITDA RECONCILIATION &#8211; LAST TWELVE MONTHS<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,180<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">638<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Provision for income taxes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">404<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on early extinguishment of debt<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment on investment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (income) expense, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">371<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other amortization<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">170<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">128<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>EBITDA<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,015<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Items affecting comparability:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring and integration expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Transaction costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Productivity<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">116<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Nonroutine legal matters<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stock compensation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Malware incident<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark to market<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">COVID-19<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted EBITDA<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,460<\/span><\/p>\n<\/td>\n<td class=\"prngen25\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntar prnpl10 prnsbl1 prnpr6\"><\/td>\n<td colspan=\"3\" class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"3\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Principal amounts of:<\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Commercial paper notes<\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">859<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Term loan<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">975<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">KDP Revolver<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,000<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Senior unsecured notes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,725<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total principal amounts<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,559<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">197<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total principal amounts less cash and cash equivalents<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,362<\/span><\/p>\n<\/td>\n<td class=\"prngen25\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"3\" class=\"prngen18\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2020 Management Leverage Ratio<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.2<\/span><\/p>\n<\/td>\n<td class=\"prngen18\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table id=\"convertedTablec202\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"20\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>KEURIG DR PEPPER INC.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"20\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF ADJUSTED EBITDA &#8211; LAST TWELVE MONTHS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"20\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"20\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions)<\/i><\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>SECOND<br \/>QUARTER<br \/>OF 2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>THIRD<br \/>QUARTER<br \/>OF 2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>FOURTH<br \/>QUARTER<br \/>OF 2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>FIRST<br \/>QUARTER<br \/>OF 2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LAST<br \/>TWELVE<br \/>MONTHS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">314<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">304<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">406<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">156<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,180<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">170<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">158<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">157<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">153<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">638<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Provision for income taxes<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">102<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">109<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">144<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">404<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on early extinguishment of debt<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment on investment<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (income) expense, net<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation expense<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">87<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">99<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">87<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">98<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">371<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other amortization<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">38<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">170<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Amortization of intangibles<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">128<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>EBITDA<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">760<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">756<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">870<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">629<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,015<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Items affecting comparability:<\/b><\/span><\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring and integration expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Transaction costs<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Productivity<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">42<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">116<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Nonroutine legal matters<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Stock compensation<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Malware incident<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">COVID-19<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark to market<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(46)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">58<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted EBITDA<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">829<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">895<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">934<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">802<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,460<\/span><\/p>\n<\/td>\n<td class=\"prngen14\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b>KEURIG DR PEPPER INC.<\/b><br \/><b>RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW<\/b><br \/><b>(Unaudited)<\/b><\/p>\n<p>Free cash flow is defined as net cash provided by operating activities adjusted for purchases of property, plant and equipment, proceeds from sales of property, plant and equipment, and certain items excluded for comparison to prior year periods. For the first quarter of 2020 and 2019, there were no certain items excluded for comparison to prior year periods.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"7\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>First Quarter<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>(in millions)<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2019<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash provided by operating activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>414<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">591<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchases of property, plant and equipment<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(151)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(62)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Proceeds from sales of property, plant and equipment<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>201<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Free Cash Flow<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>$<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>464<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">547<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p><b>RECONCILIATION OF CERTAIN CURRENCY NEUTRAL ADJUSTED FINANCIAL RESULTS<\/b><br \/><b>(Unaudited)<\/b><\/p>\n<p>Net sales, adjusted income from operations and adjusted earnings per share, as adjusted to currency neutral:\u00a0These adjusted financial results are calculated on a currency neutral basis by converting our current-period local currency financial results using the prior-period foreign currency exchange rates.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"14\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the First Quarter Ended March 31, 2020<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Coffee<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Packaged<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Beverage<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Latin<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>America<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Percent change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Systems<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Beverages<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Concentrates<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Beverages<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net sales<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.5<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9.1<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.7<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.9<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.4<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impact of foreign currency<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.1)<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.3<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.1<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net sales, as adjusted to currency neutral<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.4<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9.1<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.7<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.2<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.5<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"16\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"16\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"14\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the First Quarter Ended March 31, 2020<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Coffee<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Packaged<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Beverage<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Latin<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>America<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td colspan=\"2\" class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen28\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Percent change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Systems<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Beverages<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Concentrates<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Beverages<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td colspan=\"2\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted income from operations<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.6<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26.9<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">125.0<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10.1<\/span><\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impact of foreign currency<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16.7<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.4<\/span><\/p>\n<\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted income from operations, as adjusted to currency neutral<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.6<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26.9<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.0)<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">141.7<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10.5<\/span><\/p>\n<\/td>\n<td class=\"prngen32\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen18\"><\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen22\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the First<br \/>Quarter Ended<br \/>March 31, 2020<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted diluted earnings per share<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.29<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impact of foreign currency<\/span><\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">\u2014<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted diluted earnings per share, as adjusted to currency neutral<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen31\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.29<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div id=\"prni_dvprnejpg7083left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg7083left\" title=\" \" border=\"0\" alt=\" \" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/724482\/Keurig_Dr_Pepper_logo.jpg\" imagelabel=\"General\"\/><\/div>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2785989-1&amp;h=1377007099&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F724482%2FKeurig_Dr_Pepper_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F724482%2FKeurig_Dr_Pepper_logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/724482\/Keurig_Dr_Pepper_logo.jpg<\/a><\/p>\n<p>SOURCE  Keurig Dr Pepper Inc.<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">BURLINGTON, Massachusetts<\/span> and <span class=\"xn-location\">PLANO, Texas<\/span>, <span class=\"xn-chron\">April 27, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Keurig Dr Pepper Inc. (NYSE: KDP) today reported strong financial results for the first quarter ended <span class=\"xn-chron\">March 31<\/span>, 2020.\u00a0 Net sales in the first quarter of 2020 increased 4.4% to <span class=\"xn-money\">$2.61 billion<\/span>, compared to <span class=\"xn-money\">$2.50 billion<\/span> in the year-ago period, reflecting growth in all four reporting segments&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":2738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rose-marynews"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Keurig Dr Pepper Reports Strong Start to 2020 - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keurig Dr Pepper Reports Strong Start to 2020 - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"BURLINGTON, Massachusetts and PLANO, Texas, April 27, 2020 \/PRNewswire-HISPANIC PR WIRE\/ -- Keurig Dr Pepper Inc. (NYSE: KDP) today reported strong financial results for the first quarter ended March 31, 2020.\u00a0 Net sales in the first quarter of 2020 increased 4.4% to $2.61 billion, compared to $2.50 billion in the year-ago period, reflecting growth in all four reporting segments....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Multisitio 2\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T16:19:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/02\/2737_1_57377-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"784\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"venred\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"venred\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"24 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/\"},\"author\":{\"name\":\"venred\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/#\\\/schema\\\/person\\\/c112e8e970f2cfc8553cdb5392b493ad\"},\"headline\":\"Keurig Dr Pepper Reports Strong Start to 2020\",\"datePublished\":\"2020-04-27T16:19:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/\"},\"wordCount\":4883,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2737_1_57377-scaled.jpg\",\"articleSection\":[\"Rose marynews\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/\",\"url\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/\",\"name\":\"Keurig Dr Pepper Reports Strong Start to 2020 - Multisitio 2\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2737_1_57377-scaled.jpg\",\"datePublished\":\"2020-04-27T16:19:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/#\\\/schema\\\/person\\\/c112e8e970f2cfc8553cdb5392b493ad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[[\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/\"]]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2737_1_57377-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/2737_1_57377-scaled.jpg\",\"width\":2560,\"height\":784,\"caption\":\"Keurig_Dr_Pepper_logo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/2020\\\/04\\\/27\\\/keurig-dr-pepper-reports-strong-start-to-2020-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Keurig Dr Pepper Reports Strong Start to 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/\",\"name\":\"Multisitio 2\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/#\\\/schema\\\/person\\\/c112e8e970f2cfc8553cdb5392b493ad\",\"name\":\"venred\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2b023a883433f83ad0a3036a7ba60d3133c4e0619f3bca6230ba8c7521b6dec8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2b023a883433f83ad0a3036a7ba60d3133c4e0619f3bca6230ba8c7521b6dec8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2b023a883433f83ad0a3036a7ba60d3133c4e0619f3bca6230ba8c7521b6dec8?s=96&d=mm&r=g\",\"caption\":\"venred\"},\"url\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/en\\\/author\\\/venred\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Keurig Dr Pepper Reports Strong Start to 2020 - Multisitio 2","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/","og_locale":"en_US","og_type":"article","og_title":"Keurig Dr Pepper Reports Strong Start to 2020 - Multisitio 2","og_description":"BURLINGTON, Massachusetts and PLANO, Texas, April 27, 2020 \/PRNewswire-HISPANIC PR WIRE\/ -- Keurig Dr Pepper Inc. (NYSE: KDP) today reported strong financial results for the first quarter ended March 31, 2020.\u00a0 Net sales in the first quarter of 2020 increased 4.4% to $2.61 billion, compared to $2.50 billion in the year-ago period, reflecting growth in all four reporting segments....","og_url":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/","og_site_name":"Multisitio 2","article_published_time":"2020-04-27T16:19:00+00:00","og_image":[{"width":2560,"height":784,"url":"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/02\/2737_1_57377-scaled.jpg","type":"image\/jpeg"}],"author":"venred","twitter_card":"summary_large_image","twitter_misc":{"Written by":"venred","Est. reading time":"24 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wordpress2.hdnweb.com\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/#article","isPartOf":{"@id":"https:\/\/wordpress2.hdnweb.com\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/"},"author":{"name":"venred","@id":"https:\/\/wordpress2.hdnweb.com\/#\/schema\/person\/c112e8e970f2cfc8553cdb5392b493ad"},"headline":"Keurig Dr Pepper Reports Strong Start to 2020","datePublished":"2020-04-27T16:19:00+00:00","mainEntityOfPage":{"@id":"https:\/\/wordpress2.hdnweb.com\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/"},"wordCount":4883,"commentCount":0,"image":{"@id":"https:\/\/wordpress2.hdnweb.com\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/#primaryimage"},"thumbnailUrl":"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/02\/2737_1_57377-scaled.jpg","articleSection":["Rose marynews"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/","url":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/","name":"Keurig Dr Pepper Reports Strong Start to 2020 - Multisitio 2","isPartOf":{"@id":"https:\/\/wordpress2.hdnweb.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/#primaryimage"},"image":{"@id":"https:\/\/wordpress2.hdnweb.com\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/#primaryimage"},"thumbnailUrl":"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/02\/2737_1_57377-scaled.jpg","datePublished":"2020-04-27T16:19:00+00:00","author":{"@id":"https:\/\/wordpress2.hdnweb.com\/#\/schema\/person\/c112e8e970f2cfc8553cdb5392b493ad"},"breadcrumb":{"@id":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":[["https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/"]]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/#primaryimage","url":"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/02\/2737_1_57377-scaled.jpg","contentUrl":"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/02\/2737_1_57377-scaled.jpg","width":2560,"height":784,"caption":"Keurig_Dr_Pepper_logo"},{"@type":"BreadcrumbList","@id":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/27\/keurig-dr-pepper-reports-strong-start-to-2020-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/wordpress2.hdnweb.com\/en\/"},{"@type":"ListItem","position":2,"name":"Keurig Dr Pepper Reports Strong Start to 2020"}]},{"@type":"WebSite","@id":"https:\/\/wordpress2.hdnweb.com\/en\/#website","url":"https:\/\/wordpress2.hdnweb.com\/en\/","name":"Multisitio 2","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wordpress2.hdnweb.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/wordpress2.hdnweb.com\/#\/schema\/person\/c112e8e970f2cfc8553cdb5392b493ad","name":"venred","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2b023a883433f83ad0a3036a7ba60d3133c4e0619f3bca6230ba8c7521b6dec8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2b023a883433f83ad0a3036a7ba60d3133c4e0619f3bca6230ba8c7521b6dec8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2b023a883433f83ad0a3036a7ba60d3133c4e0619f3bca6230ba8c7521b6dec8?s=96&d=mm&r=g","caption":"venred"},"url":"https:\/\/wordpress2.hdnweb.com\/en\/author\/venred\/"}]}},"_links":{"self":[{"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/posts\/2737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/comments?post=2737"}],"version-history":[{"count":0,"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/posts\/2737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/media\/2738"}],"wp:attachment":[{"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/media?parent=2737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/categories?post=2737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordpress2.hdnweb.com\/en\/wp-json\/wp\/v2\/tags?post=2737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}