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| <NonNumbericText> <div> <p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: times new roman;" class="_mt" size="3"><b>Note 8 — Noncontrolled Bottling Affiliates </b></font></p> <p style="margin-top: 6px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">On February 26, 2010, we completed our acquisitions of PBG and PAS, at which time we gained control over their operations and began to consolidate their results. See Note 1. Prior to these acquisitions, PBG and PAS represented our most significant noncontrolled bottling affiliates. Sales to PBG in 2010 (prior to the acquisition date) represented less than <font class="_mt">1</font>% of our total net revenue in 2010, <font class="_mt">6</font>% of our total net revenue in 2009 and <font class="_mt">7</font>% of our total net revenue in 2008. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">See Note 15 for additional information regarding our acquisitions of PBG and PAS. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3"><b><i>The Pepsi Bottling Group </i></b></font></p> <p style="margin-top: 6px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">In addition to approximately <font class="_mt">32</font>% of PBG's outstanding common stock that we owned at year-end 2009, we owned <font class="_mt">100</font>% of PBG's class B common stock and approximately <font class="_mt">7</font>% of the equity of Bottling Group, LLC, PBG's principal operating subsidiary. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">PBG's summarized financial information is as follows: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="78%"> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom" colspan="2" align="center"><font style="font-family: times new roman;" class="_mt" size="3"><b><font style="font-family: times new roman;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup><sup> </sup></font></b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: times new roman;" class="_mt" size="3">2009</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: times new roman;" class="_mt" size="3">2008</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Current assets</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">3,412</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Noncurrent assets</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">10,158</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: times new roman;" class="_mt" size="3">Total assets</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">13,570</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Current liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">1,965</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Noncurrent liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">7,896</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: times new roman;" class="_mt" size="3">Total liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">9,861</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Our investment</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">1,775</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Net revenue</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">13,219</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">13,796</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Gross profit</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">5,840</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">6,210</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Operating (loss)/income</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">1,048</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">649</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Net (loss)/income attributable to PBG</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">612</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">Our investment in PBG, which included the related goodwill, was $<font class="_mt">463</font> million higher than our ownership interest in their net assets less noncontrolling interests at year-end 2009. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">During 2008, together with PBG, we jointly acquired Russia's leading branded juice company, Lebedyansky. See Note 14 for further information on this acquisition. </font></p> <p style="margin-top: 18px; margin-bottom: 0px; font-size: 1px;"><font style="font-family: times new roman;" class="_mt" size="3"><b><i>PepsiAmericas </i></b></font></p> <p style="margin-top: 6px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">At year-end 2009, we owned approximately <font class="_mt">43</font>% of the outstanding common stock of PAS. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">PAS's summarized financial information is as follows: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="81%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: times new roman;" class="_mt" size="3"><b><font style="font-family: times new roman;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;"> </sup></font></b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: times new roman;" class="_mt" size="3">2009</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: times new roman;" class="_mt" size="3">2008</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Current assets</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">952</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Noncurrent assets</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">4,141</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: times new roman;" class="_mt" size="3">Total assets</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">5,093</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Current liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">669</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Noncurrent liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">2,493</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: times new roman;" class="_mt" size="3">Total liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">3,162</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Our investment</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">1,071</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Net revenue</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">4,421</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">4,937</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Gross profit</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">1,767</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">1,982</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Operating (loss)/income</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">381</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">473</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Net (loss)/income attributable to PAS</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">181</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">226</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="5%" align="left"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"> </p></td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">Our investment in PAS, which included the related goodwill, was $<font class="_mt">322</font> million higher than our ownership interest in their net assets less noncontrolling interests at year-end 2009. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;"><font style="font-family: times new roman;" class="_mt" size="3"><b><i>Related Party Transactions </i></b></font></p> <p style="margin-top: 6px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">Our significant related party transactions are with our noncontrolled bottling affiliates, including PBG and PAS prior to our acquisitions on February 26, 2010. All such amounts are settled on terms consistent with other trade receivables and payables. The transactions primarily consist of (1) selling concentrate to these affiliates, which they use in the production of CSDs and non-carbonated beverages, (2) selling certain finished goods to these affiliates, (3) receiving royalties for the use of our trademarks for certain products and (4) paying these affiliates to act as our manufacturing and distribution agent for product associated with our national account fountain customers. Sales of concentrate and finished goods are reported net of bottler funding. For further unaudited information on these bottlers, see "Our Customers" in Management's Discussion and Analysis of Financial Condition and Results of Operations. These transactions with our bottling affiliates are reflected in our consolidated financial statements as follows: </font></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="80%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: times new roman;" class="_mt" size="3"><b>2010<font style="font-family: times new roman;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font><font style="font-family: times new roman;" class="_mt" size="3"> </font></b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: times new roman;" class="_mt" size="3">2009</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: times new roman;" class="_mt" size="3">2008</font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Net revenue</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b>993</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">3,922</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">4,049</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Cost of sales</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b>116</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">634</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">660</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Selling, general and administrative expenses</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b>6</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">24</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">30</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Accounts and notes receivable</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b>27</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">254</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">248</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: times new roman;" class="_mt" size="3">Accounts payable and other liabilities</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3"><b>42</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">285</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: times new roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: times new roman;" class="_mt" size="3">198</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: times new roman;" class="_mt" size="3"> </font></td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="5%" align="left"><font style="font-family: times new roman;" class="_mt" size="3">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: times new roman;" class="_mt" size="3">Includes transactions with PBG and PAS in 2010 prior to the date of acquisition. 2010 balance sheet information for PBG and PAS is not applicable as we consolidated their balance sheets at the date of acquisition. </font></p></td></tr></table> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">We also coordinate, on an aggregate basis, the contract negotiations of sweeteners and other raw material requirements, including aluminum cans and plastic bottles and closures for certain of our independent bottlers. Once we have negotiated the contracts, the bottlers order and take delivery directly from the supplier and pay the suppliers directly. Consequently, these transactions are not reflected in our consolidated financial statements. As the contracting party, we could be liable to these suppliers in the event of any nonpayment by our bottlers, but we consider this exposure to be remote. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"><font style="font-family: times new roman;" class="_mt" size="3">In addition, our joint ventures with Unilever (under the Lipton brand name) and Starbucks sell finished goods (ready-to-drink teas, coffees and water products) to our noncontrolled bottling affiliates. Consistent with accounting for equity method investments, our joint venture revenue is not included in our consolidated net revenue and therefore is not included in the above table. </font></p> <p style="margin-top: 12px; margin-bottom: 0px;" align="justify"> </p><font style="font-family: times new roman;" class="_mt" size="3">In 2010, we repurchased $<font class="_mt">357</font> million <font class="_mt">(<font class="_mt"><font class="_mt">5.5</font></font></font> million shares) of PepsiCo stock from <font style="font-family: times new roman;" class="_mt" size="3">the Master Trust which holds assets</font> of PepsiCo's U.S. qualified pension plans at market value. See Note 7.</font> <p> </p> </div> </NonNumbericText> |
| <NonNumericTextHeader> Note 8 — Noncontrolled Bottling Affiliates On February 26, 2010, we completed our acquisitions of PBG and PAS, at which time we gained control </NonNumericTextHeader> |
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