EXHIBIT 11
The Pepsi Bottling Group, Inc.
Computation of Basic and Diluted Earnings Per Share
(in millions, except per share data)
12 Weeks Ended
3/18/00 3/20/99
------- -------
Number of shares on which basic earnings (loss) per share is based:
Average outstanding during period ......... 149 55
Add - Incremental shares under stock
compensation plans ...................... - -
----- ------
Number of shares in which diluted
earnings per share is based ............... 149 55
Net earnings (loss) applicable to common
shareholders ............................. $ 17 $ (3)
Net earnings (loss) on which diluted earnings
per share is based ....................... $ 17 $ (3)
Basic earnings (loss) per share ............. $0.11 $(0.06)
Diluted earnings (loss) per share ........... $0.11 $(0.06)
-18-