Keurig Dr Pepper Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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Sep 30, 2026 · Filed Nov 9, 2026
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Other Financial Information
- Other Financial Information
SELECTED BALANCE SHEET INFORMATION
| (in millions) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Raw materials | $1,450 | $706 |
| Work-in-process | 226 | 8 |
| Finished goods | 2,091 | 1,019 |
| Total inventories | $3,767 | $1,733 |
| Prepaid expenses | $681 | $334 |
| Note receivable from Chobani(1) | 400 | — |
| Other current assets | 937 | 484 |
| Total prepaid expenses and other current assets | $2,018 | $818 |
(1)Refer to Note 13 for additional information regarding the note receivable due from Chobani.
Supplier Financing Arrangements
The following table summarizes the location of our outstanding obligations under supplier financing arrangements, which are confirmed as valid, within the unaudited Condensed Consolidated Balance Sheets:
| (in millions) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Accounts payable | $1,767 | $1,378 |
| Structured payables(1) | 275 | — |
| Total outstanding obligations under supplier financing arrangements | $2,042 | $1,378 |
(1)As a result of the JDE Peet’s Acquisition, we have certain commercial arrangements with suppliers that include explicitly stated interest rates, which are more representative of financing transactions and are therefore classified as structured payables. Some of these suppliers participate in supplier financing arrangements, which are reflected in this table. The remainder of structured payables relate to suppliers not participating in supplier financing arrangements, or amounts owed to a virtual credit card sponsor.
Mandatory Redemption Liability
The fair value of our mandatory redemption liability associated with GHOST was $912 million and $880 million as of September 30, 2026 and December 31, 2025, respectively, and is included within Other non-current liabilities within the unaudited Condensed Consolidated Balance Sheets.
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