Snapple 2011 Annual Report Download - page 116

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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
96
Stock options, RSUs, PSUs and dividend equivalent units totaling 0.7 million and 0.4 million shares were excluded from the
diluted weighted average shares outstanding for the years ended December 31, 2011, and 2010, respectively, as they were not
dilutive. Stock options and RSUs totaling 1.1 million were excluded from the diluted weighted average shares outstanding for the
years ended December 31, 2009, as they were not dilutive.
Under the terms of our RSU agreements, unvested RSU awards contain forfeitable rights to dividends and dividend equivalent
units. Because the dividend equivalent units are forfeitable, they are defined as non-participating securities. As of December 31,
2011, there were 145,001 dividend equivalent units which will vest at the time that the underlying RSU vests.
During the years ended December 31, 2010 and 2009, the Board authorized a total aggregate share repurchase plan of $2
billion. The Company repurchased and retired approximately 14 million shares of common stock valued at approximately $522
million in the year ended December 31, 2011. The Company repurchased and retired 31 million shares of common stock valued
at approximately $1,113 million in the year ended December 31, 2010. These amounts were recorded as a reduction of equity,
primarily additional paid-in capital.
On November 17, 2011, the Board authorized an additional $1 billion of share repurchases, increasing the total aggregate
share repurchase plan to $3 billion. As of December 31, 2011, $1,372 million was available for future share repurchases under the
existing Board authorizations.
16. Accumulated Other Comprehensive Loss
The following table provides a summary of changes in the balances of each component of AOCL, net of taxes, for the years
ended December 31, 2011, 2010 and 2009 (in millions):
Balance as of December 31, 2008
Current period other comprehensive income
Balance as of December 31, 2009
Current period other comprehensive income
Balance as of December 31, 2010
Current period other comprehensive income
Balance as of December 31, 2011
Foreign
Currency
Translation
$(34)
22
(12)
19
7
(34)
$(27)
Change in
Pension
Liability
$(52)
7
(45)
14
(31)
(17)
$(48)
Cash Flow
Hedges
$(20)
18
(2)
(2)
(4)
(31)
$(35)
Accumulated
Other
Comprehensive
Loss
$(106)
47
(59)
31
(28)
(82)
$(110)
17. Supplemental Cash Flow Information
The following table details supplemental cash flow disclosures of the net change in operating assets and liabilities, non-cash
investing and financing activities and other supplemental cash flow disclosures for the years ended December 31, 2011, 2010 and
2009 (in millions):
Supplemental cash flow disclosures of non-cash investing and
financing activities:
Capital expenditures included in accounts payable
Dividends declared but not yet paid
Transfer of property, plant, and equipment for note receivable
Supplemental cash flow disclosures:
Interest paid
Income taxes paid
For the Year Ended December 31,
2011
$ 53
68
—
$ 104
278
2010
$ 59
56
—
$ 125
188
2009
$ 39
38
4
$ 152
233