Cost of Goods Sold per Case GrowthSegmentCurrency NeutralForeign Currency Translation ImpactU

Cost of Goods Sold per Case GrowthSegmentCurrency NeutralForeign Currency Translation ImpactU.S. & Canada4% (2) 2% Europe11 % (24)(13)%Russia26 % (35)(9 )%Mexico6% (25)(20)%* Worldwide 5% (5) (1 )%** Does not add due to rounding to the whole percent. & Canada1%(2)(1 )%Worldwide -%(5)(5 )% Net Revenue Per Case Growth Segment Currency NeutralForeign Currency Translation Impact U.S DollarsU S. 2009 First Quarter ResultsDiluted Earnings Per Share Comparable Results$0.102008 Restructuring Charges(0.01) Tax Audit Settlement0.18 Reported Results$0.27Net Revenue GrowthSegment Currency Neutral Foreign Currency Translation ImpactU.S DollarsU S.

Of thisamount, we incurred a pre-tax charge of approximately $1 million associated withthe FSV Rationalization plan in the first quarter of 2008. Over the course of the FSV Rationalizationplan, we incurred pre-tax charges of $25 million or $0.06 per diluted share, themajority of which was non-cash, including costs associated with the removal ofthese assets from service, disposal costs and redeployment expenses. Asset Disposal ChargeDuring the fourth quarter of 2007, PBG adopted a Full Service Vending (FSV)Rationalization plan to dispose of older underperforming assets and to redeployassets to higher return accounts. Of this amount, we recorded$2 million in the first quarter of 2008, primarily relating to relocationexpenses in our U.S & Canada segment. Over the course of the program, the Company incurred pre-taxcharges of $29 million or $0.09 per diluted share. 2008 Items2007 Restructuring ChargesIn the third quarter of 2007, PBG announced a realignment in the Company`sorganization to adapt to changes in the marketplace and improve operatingefficiencies. The benefit resulted from the reversal of tax reserves forthe completion of certain IRS audits in the U.S for our 2003 - 2005 tax years.

Tax Audit SettlementDuring the first quarter of 2009, PBG recorded a net non-cash tax benefit ofapproximately $39 million or $0.18 per diluted share which was reflected inincome tax expense. and Canada segment and $2 million was recorded in our Mexico segment.These charges are primarily for severance and related benefits, pension andother employee-related costs and other charges, including relocation and assetdisposal costs. Of this amount, we recorded pre-tax charges of $5 million or $0.01 perdiluted share in the first quarter of 2009, of which $3 million was recorded inour U.S. Sincethe inception of the program, the Company incurred pre-tax charges of $88million. Items Affecting Comparability2009 Items2008 Restructuring ChargesIn the fourth quarter of 2008, PBG announced a restructuring program to enhancethe Company`s operating capabilities in each of its reportable segments. Currency neutral results are calculated using prior year`s exchange rates.

The Company`s non-GAAP financial measures may be differentfrom non-GAAP financial measures used by other companies. Importantly, the Company believes non-GAAP financialmeasures should be considered in addition to, and not in lieu of, U.S GAAPfinancial measures. In addition,management internally reviews the results of the Company excluding the impact ofcertain items as it believes that these non-GAAP financial measures are usefulfor evaluating the Company`s core operating results and facilitating comparisonacross reporting periods. In presenting comparable results, the Company disclosesnon-GAAP financial measures when it believes such measures will be useful toinvestors in evaluating the Company`s underlying business performance.Management uses the non-GAAP financial measures to evaluate the Company`sfinancial performance against internal budgets and targets (including thoseassociated with the Company`s incentive compensation plans).