v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Intangible Assets
GOODWILL
Changes in the carrying amount of goodwill by reportable segment are as follows:
(in millions)U.S. Refreshment BeveragesU.S. CoffeeKDP InternationalJDE Peet'sTotal
Balance as of December 31, 2025$8,870 $8,622 $2,755 $— $20,247 
Acquisition(1)
— — — 9,660 9,660 
Foreign currency translation— — (60)(87)(147)
Balance as of June 30, 2026
$8,870 $8,622 $2,695 $9,573 $29,760 
(1)Amount represents the preliminary goodwill recorded as a result of the JDE Peet's Acquisition. Refer to Note 2 for additional information.
INTANGIBLE ASSETS OTHER THAN GOODWILL
The net carrying amounts of intangible assets other than goodwill are as follows:
June 30, 2026December 31, 2025
(in millions) Gross AmountAccumulated AmortizationNet Amount Gross AmountAccumulated AmortizationNet Amount
Intangible assets with definite lives:
Brands(1)
$3,092 $(94)$2,998 $76 $(40)$36 
Customer relationships(1)
2,177 (339)1,838 683 (301)382 
Acquired technology(1)
1,541 (742)799 1,146 (694)452 
Distribution rights162 (48)114 162 (35)127 
Contractual arrangements146 (35)111 146 (30)116 
Trade names126 (126)— 126 (126)— 
Other25 (3)22 25 (3)22 
Total intangible assets with definite lives$7,269 $(1,387)$5,882 $2,364 $(1,229)$1,135 
Intangible assets with indefinite lives:
Brands(1)
$29,632 $19,993 
Trade names2,478 2,478 
Distribution rights121 119 
Total intangible assets with indefinite lives32,231 22,590 
Total intangible assets, net$38,113 $23,725 
(1)We recorded additional preliminary intangible assets other than goodwill as a result of the JDE Peet's Acquisition. Refer to Note 2 for additional information on the amounts recorded by asset class.
Amortization expense for intangible assets with definite lives was as follows:
Second QuarterFirst Six Months
(in millions)2026202520262025
Amortization expense$124 $34 $161 $68