Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	First Quarter
(in thousands)	2023		2022
Net sales:
Nonalcoholic Beverages	$	1,545,412	$	1,373,221
All Other	92,376		96,163
Eliminations(1)	(66,146)		(65,026)
Consolidated net sales	$	1,571,642	$	1,404,358

(1)The entire net sales elimination represents net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction.

	First Quarter
(in thousands)	2023		2022
Income from operations:
Nonalcoholic Beverages	$	209,779	$	134,558
All Other	(3,725)		(3,573)
Consolidated income from operations	$	206,054	$	130,985
Depreciation and amortization:
Nonalcoholic Beverages	$	40,564	$	40,286
All Other	2,945		2,983
Consolidated depreciation and amortization	$	43,509	$	43,269