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These excerpts taken from the PBG 10-K filed Feb 27, 2008. EITF
Issue
No. 06-11
In June 2007, the FASB ratified Emerging Issues Task Force Issue
No. 06-11,
“Accounting for Income Tax Benefits of Dividends on
Share-Based Payment Awards”
(“EITF 06-11”),
which requires income tax benefits from dividends or dividend
equivalents that are charged to retained earnings and are paid
to employees for equity classified nonvested equity shares,
nonvested equity share units and outstanding equity share
options to be recognized as an increase in additional paid-in
capital and to be included in the pool of excess tax benefits
available to absorb potential future tax deficiencies on
share-based payment awards.
EITF 06-11
will become effective beginning with our first quarter 2008
fiscal period. The adoption of
EITF 06-11
is not expected to have a material impact on our Consolidated
Financial Statements.
EITF Issue No. 06-11 In June 2007, the FASB ratified Emerging Issues Task Force Issue No. 06-11, “Accounting for Income Tax Benefits of Dividends on Share-Based Payment Awards” (“EITF 06-11”), which requires income tax benefits from dividends or dividend equivalents that are charged to retained earnings and are paid to employees for equity classified nonvested equity shares, nonvested equity share units and outstanding equity share options to be recognized as an increase in additional paid-in capital and to be included in the pool of excess tax benefits available to absorb potential future tax deficiencies on share-based payment awards. EITF 06-11 will become effective beginning with our first quarter 2008 fiscal period. The adoption of EITF 06-11 is not expected to have a material impact on our Consolidated Financial Statements. | EXCERPTS ON THIS PAGE:
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