EXHIBIT 11
The Pepsi Bottling Group, Inc.
Computation of Basic and Diluted Earnings Per Share
(in millions, except per share data)
<TABLE>
<CAPTION>
12-weeks Ended 24-weeks Ended
6/10/00 6/12/99 6/10/00 6/12/99
------- ------- ------- -------
Number of shares on which basic earnings per share is based:
<S> <C> <C> <C> <C>
Average outstanding during period................ 148 142 148 98
Add - Incremental shares under stock
compensation plans............................. - - - -
------ ------ ------ ------
Number of shares in which diluted
earnings per share is based...................... 148 142 148 98
Net earnings applicable to common
shareholders (millions)......................... $ 85 $ 20 $ 102 $ 17
Net earnings on which diluted earnings
per share is based (millions)................... $ 85 $ 20 $ 102 $ 17
Basic earnings per share........................... $0.58 $0.14 $0.69 $0.18
Diluted earnings per share......................... $0.58 $0.14 $0.69 $0.18
</TABLE>
