Exhibit 11.1 The Pepsi Bottling Group, Inc. Computation of Basic and Diluted Earnings Per Share (in millions, except per share data) 12 Weeks Ended 36 Weeks Ended -------------- -------------- Sept. 4, Sept. 6, Sept. 4, Sept. 6, 2004 2003 2004 2003 ---- ---- ---- ---- Number of shares on which basic earnings per share is based: Average outstanding during period................ 254 268 257 273 Add - Incremental shares under stock compensation plans............................. 8 6 9 7 ---- ---- ---- ---- Number of shares on which diluted earnings per share is based...................... 262 274 266 280 Net earnings applicable to common shareholders .................................... $ 191 $ 183 $ 383 $ 347 Net earnings on which diluted earnings per share is based .............................. $ 191 $ 183 $ 383 $ 347 Basic earnings per share........................... $0.75 $0.68 $1.49 $1.27 Diluted earnings per share......................... $0.73 $0.67 $1.44 $1.24