Keurig Dr Pepper Inc.
For the period ended Mar 31, 2026. Filed Apr 23, 2026.
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Mar 31, 2026 · Filed Apr 23, 2026
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Restructuring
- Restructuring
RESTRUCTURING PROGRAM
Network Optimization
In March 2024, we announced a restructuring program designed to more effectively and efficiently meet the needs of consumers and customers. Our restructuring program includes the closure of certain facilities and other costs intended to optimize our manufacturing and distribution footprint throughout our operations.
The restructuring program is expected to incur cumulative pre-tax restructuring charges of approximately $175 million through the end of 2026, primarily comprised of asset related costs.
RESTRUCTURING CHARGES
Restructuring and integration expenses for the defined programs were as follows:
| First Quarter | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Network Optimization | $23 | $2 |
RESTRUCTURING LIABILITIES
Restructuring liabilities that qualify as exit and disposal costs under U.S. GAAP are included in accounts payable and accrued expenses in the unaudited condensed consolidated financial statements. Restructuring liabilities, primarily consisting of workforce reduction costs, were as follows:
| (in millions) | Restructuring Liabilities |
|---|---|
| Balance as of December 31, 2025 | $8 |
| Cash payments | (3) |
| Balance as of March 31, 2026 | $5 |
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