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These excerpts taken from the PBG 10-K filed Feb 20, 2009. Minority
Interest
2008
vs. 2007
Minority interest primarily reflects PepsiCo’s ownership in
Bottling LLC of 6.6 percent, coupled with their
40 percent ownership in the PR Beverages venture. The
$34 million decrease versus the prior year was primarily
driven by lower operating results due to the impairment and
restructuring charges taken in the fourth quarter of 2008.
2007
vs. 2006
The $35 million increase in 2007 was primarily driven by
PepsiCo’s minority interest in the PR Beverages venture.
The remaining increase was a result of higher operating results
in Bottling LLC.
25
Table of Contents
Minority Interest 2008 vs. 2007 Minority interest primarily reflects PepsiCo’s ownership in Bottling LLC of 6.6 percent, coupled with their 40 percent ownership in the PR Beverages venture. The $34 million decrease versus the prior year was primarily driven by lower operating results due to the impairment and restructuring charges taken in the fourth quarter of 2008. 2007 vs. 2006 The $35 million increase in 2007 was primarily driven by PepsiCo’s minority interest in the PR Beverages venture. The remaining increase was a result of higher operating results in Bottling LLC. 25 Table of Contents
Minority
Interest – Minority interest is recorded
for the entities that we consolidate but are not wholly owned by
PBG. Minority interest recorded in our Consolidated Financial
Statements is primarily comprised of PepsiCo’s share of
Bottling LLC and PR Beverages. At December 27, 2008,
PepsiCo owned 6.6 percent of Bottling LLC and
40 percent of PR Beverages venture.
Minority Interest – Minority interest is recorded for the entities that we consolidate but are not wholly owned by PBG. Minority interest recorded in our Consolidated Financial Statements is primarily comprised of PepsiCo’s share of Bottling LLC and PR Beverages. At December 27, 2008, PepsiCo owned 6.6 percent of Bottling LLC and 40 percent of PR Beverages venture. These excerpts taken from the PBG 10-K filed Feb 27, 2008. Minority
Interest – Minority interest is recorded
for the entities that we consolidate but are not wholly owned by
PBG. At December 29, 2007, PBG owned 93.3 percent of
Bottling LLC and PepsiCo owned the remaining 6.7 percent.
Additionally, PepsiCo has a 40 percent ownership interest
in the PR Beverages venture, a consolidated venture under
Bottling LLC. Minority interest recorded in our Consolidated
Financial Statements is primarily comprised of PepsiCo’s
share of the consolidated net income and net assets of Bottling
LLC as well as PepsiCo’s share of the net income and net
assets of the PR Beverages venture.
Minority Interest – Minority interest is recorded for the entities that we consolidate but are not wholly owned by PBG. At December 29, 2007, PBG owned 93.3 percent of Bottling LLC and PepsiCo owned the remaining 6.7 percent. Additionally, PepsiCo has a 40 percent ownership interest in the PR Beverages venture, a consolidated venture under Bottling LLC. Minority interest recorded in our Consolidated Financial Statements is primarily comprised of PepsiCo’s share of the consolidated net income and net assets of Bottling LLC as well as PepsiCo’s share of the net income and net assets of the PR Beverages venture. | EXCERPTS ON THIS PAGE:
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