Keurig Dr Pepper Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
. Accumulated Other Comprehensive Income (Loss)
- Accumulated Other Comprehensive Income (Loss)
The following table provides a summary of changes in AOCI, net of taxes:
| (in millions) | Foreign Currency Translation | Pension and PRMB Liabilities | Cash Flow Hedges | Total |
|---|---|---|---|---|
| Balance as of December 31, 2021 | $81 | $(4) | $(103) | $(26) |
| Other comprehensive (loss) income | (167) | (6) | 329 | 156 |
| Amounts reclassified from AOCI | — | — | (1) | (1) |
| Total other comprehensive (loss) income | (167) | (6) | 328 | 155 |
| Balance as of December 31, 2022 | (86) | (10) | 225 | 129 |
| Other comprehensive income (loss) | 288 | (5) | (41) | 242 |
| Amounts reclassified from AOCI | — | 1 | (57) | (56) |
| Total other comprehensive income (loss) | 288 | (4) | (98) | 186 |
| Balance as of December 31, 2023 | 202 | (14) | 127 | 315 |
| Other comprehensive (loss) income | (612) | (1) | 33 | (580) |
| Amounts reclassified from AOCI | — | 1 | (12) | (11) |
| Total other comprehensive (loss) income | (612) | — | 21 | (591) |
| Balance as of December 31, 2024 | $(410) | $(14) | $148 | $(276) |
The following table presents the amount of (gains) losses reclassified from AOCI into the Consolidated Statements of Income:
| For the Year Ended December 31, | ||||
|---|---|---|---|---|
| (in millions) | Income Statement Caption | 2024 | 2023 | 2022 |
| Pension and PRMB liabilities | SG&A expenses | $2 | $1 | $— |
| Income tax benefit | (1) | — | — | |
| Total, net of tax | $1 | $1 | $— | |
| Cash flow hedges: | ||||
| Interest rate contracts(1) | Interest expense | $(12) | $(74) | $(6) |
| FX contracts | Cost of sales | (3) | — | 5 |
| Total | (15) | (74) | (1) | |
| Income tax expense (benefit) | 3 | 17 | — | |
| Total, net of tax | $(12) | $(57) | $(1) | |
(1)Amounts reclassified from AOCI into interest expense during the year ended December 31, 2023 include the realized gains associated with the termination of forward starting swaps designated as cash flow hedges of approximately $66 million. Refer to Note 6 for additional information on the terminated forward starting swaps.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.