Keurig Dr Pepper Inc.

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

About 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.

FY2025 · Filed Feb 24, 2026

KDP$36.94+0.8%Stored close · as of Nov 9, 2026

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Contents

Item 2. Properties

We have two global corporate headquarters, located in Frisco, Texas and Burlington, Massachusetts, both of which are leased.

The following table summarizes our principal manufacturing plants and principal warehouse and distribution facilities by geography and reportable segment as of December 31, 2025:

	U.S. Refreshment Beverages		U.S. Coffee		International		Total
	Owned	Leased	Owned	Leased	Owned	Leased	Owned	Leased
United States
Production facilities	7	12	—	5	—	—	7	17
Warehouse and distribution facilities	26	66	—	7	—	—	26	73
Foreign
Production facilities	1	—	—	—	3	1	4	1
Warehouse and distribution facilities	—	—	—	—	5	65	5	65
Total	34	78	—	12	8	66	42	156

We believe our facilities are well-maintained and adequate, that they are being appropriately utilized, and that they have sufficient capacity for their present intended purposes. The extent of utilization of such facilities varies based on seasonal demand for our products and the status of our investments to maintain or upgrade various technologies or equipment within such facilities. We ceased operations at our Windsor, Virginia manufacturing facility during the year ended December 31, 2025.

We periodically review our space requirements, and we look to consolidate and dispose or sublet facilities we no longer need as appropriate.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.