Keurig Dr Pepper Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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8. Revenue Recognition
- Revenue Recognition
The following table disaggregates the Company's revenue by portfolio:
| (in millions) | U.S. Refreshment Beverages | U.S. Coffee | International | Total |
|---|---|---|---|---|
| LRB | $8,675 | $— | $1,230 | $9,905 |
| K-Cup pods | — | 3,207 | 477 | 3,684 |
| Appliances | — | 725 | 74 | 799 |
| Other | 146 | 139 | 141 | 426 |
| Net sales | $8,821 | $4,071 | $1,922 | $14,814 |
| LRB | $7,951 | $— | $987 | $8,938 |
| K-Cup pods | — | 3,328 | 444 | 3,772 |
| Appliances | — | 837 | 86 | 923 |
| Other | 132 | 137 | 155 | 424 |
| Net sales | $8,083 | $4,302 | $1,672 | $14,057 |
| LRB | $6,989 | $— | $841 | $7,830 |
| K-Cup pods | — | 3,122 | 424 | 3,546 |
| Appliances | — | 834 | 73 | 907 |
| Other | 131 | 133 | 136 | 400 |
| Net sales | $7,120 | $4,089 | $1,474 | $12,683 |
LRB represents net sales of owned and partner brands within our portfolio and includes branded concentrates, syrup, and finished beverages, including contract manufacturing of KDP branded products for our bottlers and distributors. K-Cup pods represents net sales from owned brands, partner brands, and private label owners. Net sales for partner brands and private label owners are contractual and long-term in nature.
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