Segments

9 Months Ended

Sep. 30, 2013

Segments [Abstract]

Segments

Segments

As of September 30, 2013 and 2012, the Company's operating structure consisted of the following three operating segments:

•The Beverage Concentrates segment reflects sales of the Company's branded concentrates and syrup to third party bottlers primarily in the U.S. and Canada. Most of the brands in this segment are carbonated soft drink brands.

•The Packaged Beverages segment reflects sales in the U.S. and Canada from the manufacture and distribution of finished beverages and other products, including sales of the Company's own brands and third party brands, through both DSD and WD.

•The Latin America Beverages segment reflects sales in the Mexico and Caribbean markets from the manufacture and distribution of concentrates, syrup and finished beverages.

Segment results are based on management reports. Net sales and SOP are the significant financial measures used to assess the operating performance of the Company's operating segments.

Information about the Company's operations by operating segment for the three and nine months ended September 30, 2013 and 2012 is as follows (in millions):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2013		2012		2013		2012
Segment Results – Net sales
Beverage Concentrates	$	309	$	303	$	908	$	888
Packaged Beverages	1,114		1,120		3,280		3,314
Latin America Beverages	120		105		346		309
Net sales	$	1,543	$	1,528	$	4,534	$	4,511

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2013			2012			2013		2012
Segment Results – SOP
Beverage Concentrates	$	201		$	198		$	560	$	552
Packaged Beverages	159			147			418		408
Latin America Beverages	17			14			45		37
Total SOP	377			359			1,023		997
Unallocated corporate costs	75			47			236		189
Other operating expense, net	2			4			5		8
Income from operations	300			308			782		800
Interest expense, net	29			31			93		93
Other expense (income), net	$	428		$	(4	)	384		(8		)
(Loss) income before (benefit) provision for income taxes and equity in earnings of unconsolidated subsidiaries	$	(157	)	$	281		$	305	$	715

The Company presents segment information in accordance with U.S. GAAP, which establishes reporting and disclosure standards for an enterprise's operating segments. Operating segments are defined as components of an enterprise that are businesses, for which separate financial information is available, and for which the financial information is regularly reviewed by the Company's leadership team.