XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 3,020,000,000 $ 2,870,000,000 $ 8,497,000,000 $ 8,186,000,000
Cost of sales 1,316,000,000 1,245,000,000 3,779,000,000 3,537,000,000
Gross profit 1,704,000,000 1,625,000,000 4,718,000,000 4,649,000,000
Selling, general and administrative expenses 949,000,000 1,012,000,000 2,978,000,000 2,951,000,000
Other operating expense (income), net 2,000,000 33,000,000 (40,000,000) 33,000,000
Income from operations 753,000,000 580,000,000 1,780,000,000 1,665,000,000
Interest expense 148,000,000 158,000,000 458,000,000 497,000,000
Loss on early extinguishment of debt 0 0 4,000,000 9,000,000
Impairment on investments and note receivable 16,000,000 0 102,000,000 0
Other expense, net 5,000,000 9,000,000 21,000,000 15,000,000
Income before provision for income taxes 584,000,000 413,000,000 1,195,000,000 1,144,000,000
Provision for income taxes 141,000,000 109,000,000 298,000,000 296,000,000
Net income 443,000,000 304,000,000 897,000,000 848,000,000
Less: Net income attributable to non-controlling interest 0 0 0 0
Net income attributable to KDP $ 443,000,000 $ 304,000,000 $ 897,000,000 $ 848,000,000
Earnings per common share:        
Basic (in dollars per share) $ 0.31 $ 0.22 $ 0.64 $ 0.60
Diluted (in dollars per share) $ 0.31 $ 0.21 $ 0.63 $ 0.60
Weighted average common shares outstanding:        
Basic (in shares) 1,407.3 1,406.8 1,407.2 1,406.6
Diluted (in shares) 1,422.9 1,419.4 1,421.5 1,418.8