EXHIBIT 11 The Pepsi Bottling Group, Inc. Computation of Basic and Diluted Earnings Per Share (in millions, except per share data) 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: 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