2 unchanged sentences
The $4 billion authorization is effective for four years, beginning on January 1, 2022 and expiring on December 31, 2025, and does not require the purchase of any minimum number of shares.
−Removed: The following table summarizes shares repurchased by the Company under this program during the first quarter of 2023:
+Added: The following table summarizes shares repurchased by the Company under this program during the second quarter of 2023:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Amount of Dollars that May Yet be Used to Purchase Shares Under the Program (in millions) (1)
−Removed: January 1 to January 31 2,000,000 $ 34.59 2,000,000 $ 3,552
−Removed: February 1 to February 28 471,803 35.74 471,803 3,535
−Removed: March 1 to March 31 4,135,722 35.05 4,135,722 3,390
+Added: April 1 to April 30 — $ — — $ 3,390
+Added: May 1 to May 31 6,720,976 32.40 6,720,976 3,172
+Added: June 1 to June 30 280,000 31.06 280,000 3,164
Total 7,000,976 $ 32.34 7,000,976 $ 3,164
(1) The share repurchase program was authorized prior to the issuance of the Inflation Reduction Act of 2022, which imposes a 1% excise tax on net share repurchases that occur after December 31, 2022.
−Removed: For the first quarter of 2023, the Company recorded $1 million to additional paid-in capital for the excise tax associated with shares repurchased during the quarter.
−Removed: Amended and Restated Certificate of Incorporation of Dr Pepper Snapple Group, Inc.
−Removed: (filed as Exhibit 3.1 to the Company's Current Report on Form 8-K (filed on May 12, 2008) and incorporated herein by reference).
−Removed: Certificate of Amendment to Amended and Restated Certificate of Incorporation of Dr Pepper Snapple Group, Inc.
−Removed: effective as of May 17, 2012 (filed as Exhibit 3.2 to the Company's Quarterly Report on Form 10-Q (filed July 26, 2012) and incorporated herein by reference).
−Removed: Certificate of Second Amendment to Amended and Restated Certificate of Incorporation of Dr Pepper Snapple Group, Inc.
−Removed: effective as of May 19, 2016 (filed as Exhibit 3.1 to the Company's Current Report on Form 8-K (filed May 20, 2016) and incorporated herein by reference).
−Removed: Certificate of Third Amendment to the Amended and Restated Certificate of Incorporation of Dr Pepper Snapple Group, Inc.
−Removed: effective as of July 9, 2018 (filed as Exhibit 3.1 to the Company's Current Report on Form 8-K (filed July 9, 2018) and incorporated herein by reference).
−Removed: Amended and Restated By-Laws of Keurig Dr Pepper Inc.
−Removed: effective as of July 9, 2018 (filed as Exhibit 3.2 to the Company's Current Report on Form 8-K (filed July 9, 2018) and incorporated herein by reference).
−Removed: Certification of Chief Executive Officer of Keurig Dr Pepper Inc.
−Removed: pursuant to Rule 13a-14(a) or 15d-14(a) promulgated under the Exchange Act.
−Removed: Certification of Chief Financial Officer of Keurig Dr Pepper Inc.
−Removed: pursuant to Rule 13a-14(a) or 15d-14(a) promulgated under the Exchange Act.
−Removed: Certification of Chief Executive Officer of Keurig Dr Pepper Inc.
−Removed: pursuant to Rule 13a-14(b) or 15d-14(b) promulgated under the Exchange Act, and Section 1350 of Chapter 63 of Title 18 of the United States Code.
−Removed: Certification of Chief Financial Officer of Keurig Dr Pepper Inc.
−Removed: pursuant to Rule 13a-14(b) or 15d-14(b) promulgated under the Exchange Act, and Section 1350 of Chapter 63 of Title 18 of the United States Code.
−Removed: 101* The following financial information from Keurig Dr Pepper Inc.'s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted in Inline XBRL:
−Removed: (i) Condensed Consolidated Statements of Income, (ii) Condensed Consolidated Statements of Comprehensive Income, (iii) Condensed Consolidated Balance Sheets, (iv) Condensed Consolidated Statements of Cash Flows, (v) Condensed Consolidated Statement of Changes in Stockholders' Equity, and (vi) the Notes to Condensed Consolidated Financial Statements.
−Removed: The Instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
−Removed: 104* The cover page from this Quarterly Report on Form 10-Q, formatted as Inline XBRL.
−Removed: * Filed herewith.
−Removed: ** Furnished herewith.
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: Keurig Dr Pepper Inc.
−Removed: /s/ Sudhanshu Priyadarshi
−Removed: Sudhanshu Priyadarshi
−Removed: Chief Financial Officer
−Removed: (Principal Financial Officer)
−Removed: April 27, 2023
+Added: As of June 30, 2023 , $4 million was included in additional paid-in capital related to the excise tax associated with shares repurchased during first six months of 2023.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.