Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Second Quarter				First Half
(in thousands)	2023		2022		2023		2022
Net sales:
Nonalcoholic Beverages	$	1,714,862	$	1,562,014	$	3,260,274	$	2,935,235
All Other	95,174		105,910		187,550		202,073
Eliminations(1)	(71,204)		(72,709)		(137,350)		(137,735)
Consolidated net sales	$	1,738,832	$	1,595,215	$	3,310,474	$	2,999,573

(1)The entire net sales elimination represents net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction.

	Second Quarter				First Half
(in thousands)	2023		2022		2023		2022
Income from operations:
Nonalcoholic Beverages	$	234,211	$	144,012	$	443,990	$	278,570
All Other	(541)		3,281		(4,266)		(292)
Consolidated income from operations	$	233,670	$	147,293	$	439,724	$	278,278
Depreciation and amortization:
Nonalcoholic Beverages	$	40,695	$	39,771	$	81,259	$	80,057
All Other	2,981		2,812		5,926		5,795
Consolidated depreciation and amortization	$	43,676	$	42,583	$	87,185	$	85,852