Keurig Dr Pepper Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
KDP$37.59+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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15. Property, Plant and Equipment
- Property, Plant, and Equipment
Property, plant and equipment, net consisted of the following:
| December 31, | ||
|---|---|---|
| (in millions) | 2023 | 2022 |
| Land | $45 | $44 |
| Buildings and improvements | 744 | 720 |
| Machinery and equipment | 2,899 | 2,566 |
| Cold drink equipment | 118 | 102 |
| Software | 492 | 459 |
| Construction-in-progress | 365 | 251 |
| Property, plant, and equipment, gross | 4,663 | 4,142 |
| Less: accumulated depreciation and amortization | (1,964) | (1,651) |
| Property, plant, and equipment, net | $2,699 | $2,491 |
The following table summarizes the location of depreciation expense within the Consolidated Statements of Income:
| For the Year Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2023 | 2022 | 2021 |
| Cost of sales | $231 | $229 | $233 |
| SG&A expenses | 171 | 170 | 177 |
| Total depreciation expense | $402 | $399 | $410 |
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