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This excerpt taken from the PBG 8-K filed Sep 16, 2009. Commodity
Price Risk
We are subject to market risks with respect to commodities
because our ability to recover increased costs through higher
pricing may be limited by the competitive business environment
in which we operate. We use future and option contracts to hedge
the risk of adverse movements in commodity prices related
primarily to anticipated purchases of raw materials and energy
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Table of Contents
used in our operations. With respect to commodity price risk, we
currently have various contracts outstanding for commodity
purchases in 2009 and 2010, which establish our purchase prices
within defined ranges. We estimate that a 10 percent
decrease in commodity prices with all other variables held
constant would have resulted in a change in the fair value of
our financial instruments of $14 million and
$7 million at December 27, 2008 and December 29,
2007, respectively.
These excerpts taken from the PBG 10-K filed Feb 20, 2009. Commodity
Price Risk
We are subject to market risks with respect to commodities
because our ability to recover increased costs through higher
pricing may be limited by the competitive business environment
in which we operate. We use future and option contracts to hedge
the risk of adverse movements in commodity
28
Table of Contents
prices related primarily to anticipated purchases of raw
materials and energy used in our operations. With respect to
commodity price risk, we currently have various contracts
outstanding for commodity purchases in 2009 and 2010, which
establish our purchase prices within defined ranges. We estimate
that a 10 percent decrease in commodity prices with all
other variables held constant would have resulted in a change in
the fair value of our financial instruments of $14 million
and $7 million at December 27, 2008 and
December 29, 2007, respectively.
Commodity Price Risk We are subject to market risks with respect to commodities because our ability to recover increased costs through higher pricing may be limited by the competitive business environment in which we operate. We use future and option contracts to hedge the risk of adverse movements in commodity 28 Table of Contentsprices related primarily to anticipated purchases of raw materials and energy used in our operations. With respect to commodity price risk, we currently have various contracts outstanding for commodity purchases in 2009 and 2010, which establish our purchase prices within defined ranges. We estimate that a 10 percent decrease in commodity prices with all other variables held constant would have resulted in a change in the fair value of our financial instruments of $14 million and $7 million at December 27, 2008 and December 29, 2007, respectively. These excerpts taken from the PBG 10-K filed Feb 27, 2008. Commodity
Price Risk
We are subject to market risks with respect to commodities
because our ability to recover increased costs through higher
pricing may be limited by the competitive environment in which
we operate. We use future and option contracts to hedge the risk
of adverse movements in commodity prices related primarily to
anticipated purchases of raw materials and energy used in our
operations. With respect to commodity price risk, we currently
have various contracts outstanding for commodity purchases in
2008, which establish our purchase prices within defined ranges.
We estimate that a 10-percent decrease in commodity prices with
all other variables held constant would have resulted in a
decrease in the fair value of our financial instruments of
$7 million at December 29, 2007 and December 30,
2006.
Commodity Price Risk We are subject to market risks with respect to commodities because our ability to recover increased costs through higher pricing may be limited by the competitive environment in which we operate. We use future and option contracts to hedge the risk of adverse movements in commodity prices related primarily to anticipated purchases of raw materials and energy used in our operations. With respect to commodity price risk, we currently have various contracts outstanding for commodity purchases in 2008, which establish our purchase prices within defined ranges. We estimate that a 10-percent decrease in commodity prices with all other variables held constant would have resulted in a decrease in the fair value of our financial instruments of $7 million at December 29, 2007 and December 30, 2006. | EXCERPTS ON THIS PAGE:
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