Snapple 2008 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 of the 2008 Snapple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

The difference between the fair value and the carrying value represents the theoretical net premium or discount that
would be paid or received to retire all debt at such date. The carrying amounts of long-term debt for the year ending
December 31, 2007, approximated their fair values.
20. Accumulated Other Comprehensive (Loss) Income
The Company’s accumulated balances, shown net of tax for each classification of comprehensive (loss)
income as of December 31, 2008, 2007 and 2006, are as follows (in millions):
2008 2007 2006
December 31,
Net foreign currency translation adjustment. . . ....................... $ (34) $27 $11
Net pension and postretirement medical benefit plans adjustment(1) ....... (52) (7) (10)
Net cash flow hedge adjustment .................................. (20) — —
Accumulated other comprehensive (loss) income .................... $(106) $20 $ 1
(1) The 2006 activity included a $4 million loss, net of tax, related to the impact of fully recognizing the funded
status of DPS’ defined benefit pension and other postretirement benefits plans under SFAS 158. The 2008
activity included a $2 million loss, net of tax, as a result of changing the measurement date for DPS’ defined
benefit pension plans from September 30 to December 31 under SFAS 158.
21. Supplemental Cash Flow Information
The following table details supplemental cash flow disclosures of non-cash investing and financing activities
and other supplemental cash flow disclosures for the years ended December 31, 2008, 2007, and 2006 (in millions):
2008 2007 2006
For the Year Ended
December 31,
Supplemental cash flow disclosures of non-cash investing and financing
activities:
Settlement related to separation from Cadbury(1) ................... $150 $ — $ —
Purchase accounting adjustment related to prior year acquisitions ....... 15 — —
Capital expenditures included in accounts payable .................. 4 — —
Transfers of property, plant, and equipment to Cadbury. .............. — 15 15
Transfers of operating assets and liabilities to Cadbury . .............. — 22 16
Reduction in long-term debt from Cadbury ........................ — 263 383
Related entities acquisition payments ............................ — 17 23
Note payable related to acquisition .............................. — 35 —
Assumption of debt related to acquisition payments by Cadbury ........ — 35 —
Transfer of related party receivable to Cadbury ..................... — 16 —
Liabilities expected to be reimbursed by Cadbury ................... — 27 —
Reclassifications for tax transactions ............................ — 90 —
Supplemental cash flow disclosures:
Interest paid ................................................ $143 $257 $204
Income taxes paid ............................................ 120 34 14
100
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)