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Beat butter in large bowl at low speed, scraping bowl often, until creamy.
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Add powdered sugar, whipping cream and peppermint extract.
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Continue beating until mixture forms a soft dough.
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Divide dough in half. Beat red food coloring into half of dough until a light pink. Beat green food coloring into the other half of dough and beat until light green in color.
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Place dough (one color at a time), onto a flat surface lightly sprinkled with powdered sugar; knead until smooth.
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Cover with plastic wrap to prevent drying out.
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Roll 1 tablespoon of each dough into 4-inch rope. Gently twist pink and green ropes together.
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Carefully continue rolling and twisting rope to 10-inch legnth.
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Add more powdered sugar while rolling, if necessary.
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Cut diagonally into 1-inch pieces.
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Place mints onto wax paper lined baking sheet.
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Repeat with remaining dough.
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Let stand at room temperature until surface is dry(6-8 hrs).