Attached files
| file | filename |
|---|---|
| EX-21 - EX-21 - BOTTLING GROUP LLC | y80523exv21.htm |
| EX-31.1 - EX-31.1 - BOTTLING GROUP LLC | y80523exv31w1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - BOTTLING GROUP LLC | Financial_Report.xls |
| EX-31.2 - EX-31.2 - BOTTLING GROUP LLC | y80523exv31w2.htm |
| EX-32.1 - EX-32.1 - BOTTLING GROUP LLC | y80523exv32w1.htm |
| EX-32.2 - EX-32.2 - BOTTLING GROUP LLC | y80523exv32w2.htm |
| 10-K - FORM 10-K - BOTTLING GROUP LLC | y80523e10vk.htm |
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES. We have calculated Bottling LLC’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)
($ in millions)
| Fiscal Year | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Income before income taxes |
$ | 920 | $ | 521 | $ | 1,049 | $ | 925 | $ | 896 | ||||||||||
Undistributed (income) loss from equity
investments |
(19 | ) | (1 | ) | — | 2 | — | |||||||||||||
Fixed charges excluding capitalized interest |
291 | 284 | 270 | 260 | 217 | |||||||||||||||
Earnings as adjusted |
$ | 1,192 | $ | 804 | $ | 1,319 | $ | 1,187 | $ | 1,113 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 255 | $ | 244 | $ | 232 | $ | 227 | $ | 187 | ||||||||||
Capitalized interest |
— | — | — | — | — | |||||||||||||||
Interest portion of rental expense |
36 | 40 | 38 | 33 | 30 | |||||||||||||||
Total fixed charges |
$ | 291 | $ | 284 | $ | 270 | $ | 260 | $ | 217 | ||||||||||
Ratio of earnings to fixed charges |
4.10 | 2.83 | 4.89 | 4.57 | 5.13 | |||||||||||||||