Keurig Dr Pepper Inc 2024年度报告

Delaware (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification number) 53 South AvenueBurlington, Massachusetts 01803(Address of principal executive offices) (781) 418-7000(Registrant's telephone number, including area code) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company", and"emerging growth company" in Rule 12b-2 of the Securities Exchange Act of 1934. Large Accelerated Filer☒Accelerated Filer☐Non-Accelerated Filer☐Smaller Reporting Company☐Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934).Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: As of June 30, 2024, the aggregate market value of the registrant's common equity held by non-affiliates of the registrant was approximately$35.5 billion (based on the closing sales price of the registrant's common stock on that date). As of February 21, 2025, there were 1,356,750,877shares of the registrant's common stock, par value $0.01 per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission in connection with the registrant'sAnnual Meeting of Stockholders are incorporated by reference in Part III. KEURIG DR PEPPER INC.FORM 10-KFOR THE YEAR ENDED DECEMBER 31, 2024 PART IItem 1Business1Item 1ARisk Factors9Item 1BUnresolved Staff Comments22Item 1CCybersecurity22Item 2Properties23Item 3Legal Proceedings23Item 4Mine Safety Disclosures23 PART IVItem 15Exhibits and Financial Statement Schedules110Item 16Form 10-K Summary113Signatures114 KEURIG DR PEPPER INC.FORM 10-KFOR THE YEAR ENDED DECEMBER 31, 2024 MASTER GLOSSARY References throughout this Annual Report on Form 10-K to “KDP”, "we", “us”, and "our", refer to Keurig Dr PepperInc. and all wholly-owned subsidiaries included in our audited Consolidated Financial Statements. The following discussion should be read in conjunction with our audited Consolidated Financial Statements and therelated Notes thereto included elsewhere in this Annual Report on Form 10-K. This discussion contains forward-looking statements that are based on management's current expectations, estimates, and projections about ourbusiness and operations. Our actual results may differ materially from those currently anticipated and expressed insuch forward-looking statements as a result of various factors, including the factors described under "Risk Factors"within Item 1A and elsewhere in this Annual Report on Form 10-K, and subsequent filings with the SEC. PART I ITEM 1.BUSINESS OUR COMPANY Keurig Dr Pepper Inc. is a leading beverage c