Keurig Dr Pepper Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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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$37.59+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
. Property, Plant, and Equipment
- Property, Plant, and Equipment
Property, plant, and equipment, net consisted of the following:
| December 31, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Land | $57 | $58 |
| Buildings and improvements | 912 | 825 |
| Machinery and equipment | 3,862 | 3,290 |
| Cold drink equipment | 170 | 142 |
| Software | 543 | 517 |
| Construction-in-progress | 289 | 384 |
| Property, plant, and equipment, gross | 5,833 | 5,216 |
| Less: accumulated depreciation | (2,603) | (2,252) |
| Property, plant, and equipment, net | $3,230 | $2,964 |
The following table summarizes the location of depreciation expense within the Consolidated Statements of Income:
| For the Year Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2025 | 2024 | 2023 |
| Cost of sales | $246 | $234 | $231 |
| SG&A expenses | 209 | 188 | 171 |
| Total depreciation expense | $455 | $422 | $402 |
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