Snapple 2009 Annual Report Download - page 95

Download and view the complete annual report

Please find page 95 of the 2009 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 160

  • 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
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

7. Goodwill and Other Intangible Assets
Changes in the carrying amount of goodwill for the years ended December 31, 2009 and 2008, by reporting
unit, are as follows (in millions):
Beverage
Concentrates
WD Reporting
Unit(3)
DSD Reporting
Unit(3)
Latin America
Beverages Total
Balance as of December 31, 2007
Goodwill ................... $ 1,731 $ 1,220 $ 195 $ 37 $ 3,183
Accumulated impairment losses . . — — — — —
1,731 1,220 195 37 3,183
Acquisitions(1). . ............... — — (8) — (8)
Impairment(2) . . ............... — — (180) — (180)
Other changes . . ............... 2 — (7) (7) (12)
Balance as of December 31, 2008
Goodwill ................... 1,733 1,220 180 30 3,163
Accumulated impairment losses . . — — (180) — (180)
1,733 1,220 — 30 2,983
Other changes . . ............... (1) — — 1 —
Balance as of December 31, 2009
Goodwill ................... 1,732 1,220 180 31 3,163
Accumulated impairment losses . . — — (180) — (180)
$ 1,732 $ 1,220 $ — $ 31 $ 2,983
(1) The Company acquired Southeast-Atlantic Beverage Corporation (“SeaBev”) on July 11, 2007. The Company
completed its fair value assessment of the assets acquired and liabilities assumed of this acquisition during the
first quarter 2008, resulting in a $1 million increase in the DSD reporting unit’s goodwill. During the second
quarter of 2008, the Company made a tax election related to the SeaBev acquisition which resulted in a decrease
of $9 million to the DSD reporting unit’s goodwill.
(2) DPS’ annual impairment analysis, performed as of December 31, 2008, resulted in non-cash impairment
charges of $180 million for the year ended December 31, 2008, which are reported in the line item impairment
of goodwill and intangible assets in the Company’s Consolidated Statements of Operations.
(3) The Packaged Beverages segment is comprised of two reporting units, DSD and the Warehouse Direct System
(“WD”).
75
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)