PEPSI BOTTLING GROUP INC - FORM 10-K - EX-12 - February 22, 2010

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EX-24 - EX-24 - PEPSI BOTTLING GROUP INCy80504exv24.htm
EX-21 - EX-21 - PEPSI BOTTLING GROUP INCy80504exv21.htm
EX-23 - EX-23 - PEPSI BOTTLING GROUP INCy80504exv23.htm
EX-31.2 - EX-31.2 - PEPSI BOTTLING GROUP INCy80504exv31w2.htm
EX-32.1 - EX-32.1 - PEPSI BOTTLING GROUP INCy80504exv32w1.htm
EX-31.1 - EX-31.1 - PEPSI BOTTLING GROUP INCy80504exv31w1.htm
EX-32.2 - EX-32.2 - PEPSI BOTTLING GROUP INCy80504exv32w2.htm
EXCEL - IDEA: XBRL DOCUMENT - PEPSI BOTTLING GROUP INCFinancial_Report.xls
10-K - FORM 10-K - PEPSI BOTTLING GROUP INCy80504e10vk.htm
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES. We have calculated PBG’s ratio of earnings to fixed charges in the following table by dividing earnings by fixed charges. For this purpose, earnings are before taxes, noncontrolling interest and income or loss recognized from equity investments reduced by the distributed income from equity investments plus fixed charges (excluding capitalized interest). Fixed charges include interest expense, capitalized interest and one-third of net rent which is the portion of the rent deemed representative of the interest factor.
Ratio of Earnings to Fixed Charges
($ in millions)
                                         
    Fiscal Year  
    2009     2008     2007     2006     2005  
Income before income taxes
   $ 749     $ 334     $ 803     $ 740     $ 772  
Undistributed (income) loss from equity investments
     (19 )     (1 )     —       2       —  
Fixed charges excluding capitalized interest
     359       356       343       331       288  
 
                              
 
                                        
Earnings as adjusted
   $ 1,089     $ 689     $ 1,146     $ 1,073     $ 1,060  
 
                              
 
                                        
Fixed charges:
                                        
Interest expense
   $ 324     $ 316     $ 305     $ 298     $ 258  
Capitalized interest
     —       —       —       —       —  
Interest portion of rental expense
     35       40       38       33       30  
 
                              
 
                                        
Total fixed charges
   $ 359     $ 356     $ 343     $ 331     $ 288  
 
                              
 
                                        
Ratio of earnings to fixed charges
     3.03       1.94       3.34       3.24       3.68  

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