Pepsi Bottling Group (PBG)

In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51” (“SFAS 160”), which addresses the accounting and reporting framework for noncontrolling interests by a parent company. SFAS 160 also addresses disclosure requirements to distinguish between interests of the parent and interests of the noncontrolling owners of a subsidiary. SFAS 160 became effective in the first quarter of 2009. The provisions of SFAS 160 require that minority interest be renamed noncontrolling interests and that a company present a consolidated net income measure that includes the amount attributable to such noncontrolling interests for all periods presented. In addition, SFAS 160 requires reporting noncontrolling interests as a component of equity in our Consolidated Balance Sheets and below income tax expense in our Consolidated Statements of Operations. As required by SFAS 160, we have retrospectively applied the presentation to our prior year balances in our Consolidated Financial Statements.

 

In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51” (“SFAS 160”), which addresses the accounting and reporting framework for minority interests by a parent company. SFAS 160 also addresses disclosure requirements to distinguish between interests of the parent and interests of the noncontrolling owners of a subsidiary. SFAS 160 will become effective beginning with our first quarter of 2009. We will be reporting minority interest as a component of equity in our Consolidated Balance Sheets and below income tax expense in our Consolidated Statement of Operations. As minority interest will be recorded below income tax expense, it will have an impact to our total effective tax rate, but our total taxes will not change. For comparability, we will be retrospectively applying the presentation of our prior year balances in our Consolidated Financial Statements.

 

In December 2007, the FASB issued SFAS No. 160,
“Noncontrolling Interests in Consolidated Financial
Statements, an amendment of ARB No. 51”
(“SFAS 160”), which addresses the accounting and
reporting framework for minority interests by a parent company.
SFAS 160 also addresses disclosure requirements to
distinguish between interests of the parent and interests of the
noncontrolling owners of a subsidiary. SFAS 160 will become
effective beginning with our first quarter of 2009. We will be
reporting minority interest as a component of equity in our
Consolidated Balance Sheets and below income tax expense in our
Consolidated Statement of Operations. As minority interest will
be recorded below income tax expense, it will have an impact to
our total effective tax rate, but our total taxes will not
change. For comparability, we will be retrospectively applying
the presentation of our prior year balances in our Consolidated
Financial Statements.

 

In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51” (“SFAS 160”), which addresses the accounting and reporting framework for minority interests by a parent company. SFAS 160 also addresses disclosure requirements to distinguish between interests of the parent and interests of the noncontrolling owners of a subsidiary. SFAS 160 will become effective beginning with our first quarter 2009 fiscal period. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.

 

In December 2007, the FASB issued SFAS No. 160,
“Noncontrolling Interests in Consolidated Financial
Statements, an amendment of ARB No. 51”
(“SFAS 160”), which addresses the accounting and
reporting framework for minority interests by a parent company.
SFAS 160 also addresses disclosure requirements to
distinguish between interests of the parent and interests of the
noncontrolling owners of a subsidiary. SFAS 160 will become
effective beginning with our first quarter 2009 fiscal period.
We are currently evaluating the impact of this standard on our
Consolidated Financial Statements.