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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Items Impacting Equity
In connection with the Company’s separation from Cadbury, the following transactions were recorded as a component of
Cadbury’s net investment in DPS as of May 7, 2008 (in millions):
Legal restructuring to purchase Canada operations from Cadbury
Legal restructuring relating to Cadbury confectionery operations, including debt
repayment
Legal restructuring relating to Mexico operations
Contributions from parent
Tax reserve provided under U.S. GAAP as part of separation, net of indemnity
Other
Total
Contributions
$—
—
—
318
—
(59)
$ 259
Distributions
$(894)
(809)
(520)
—
(19)
—
$(2,242)
Prior to the May 7, 2008, separation date, the Company’s total invested equity represented Cadbury’s interest in the recorded
assets of DPS. In connection with the distribution of DPS’ stock to Cadbury plc shareholders on May 7, 2008, Cadbury’s total
invested equity was reclassified to reflect the post-separation capital structure of $3 million par value of outstanding common
stock and contributed capital of $3,133 million.
4. Inventories
Inventories as of December 31, 2010 and 2009 consisted of the following (in millions):
Raw materials
Work in process
Finished goods
Inventories at FIFO cost
Reduction to LIFO cost
Inventories
December 31,
2010
$97
5
184
286
(42)
$ 244
December 31,
2009
$ 105
4
193
302
(40)
$ 262
5. Property, Plant and Equipment
Net property, plant and equipment consisted of the following as of December 31, 2010 and 2009 (in millions):
Land
Buildings and improvements
Machinery and equipment
Cold drink equipment
Software
Construction in progress
Gross property, plant and equipment
Less: accumulated depreciation and amortization
Net property, plant and equipment
December 31,
2010
$81
408
1,084
265
153
90
2,081
(913)
$ 1,168
December 31,
2009
$90
341
995
201
136
135
1,898
(789)
$ 1,109
68