Segment Reporting

9 Months Ended

Oct. 01, 2011

Segment Reporting [Abstract]

Segment Reporting

Note 6 – Segment Reporting

We produce, package and distribute private-label CSDs, clear, still and sparkling flavored waters, energy-related drinks, juice, juice-based products, bottled water and ready-to-drink teas to regional and national grocery, mass-merchandise and wholesale chains and customers in the dollar convenience and drug channels through five reportable segments – North America (which includes our U.S. reporting unit and our Canada reporting unit), U.K. (which includes our United Kingdom reporting unit and our Continental European reporting unit), Mexico, Royal Crown International ("RCI") and All Other.

Operating Segments
(in millions of U.S. dollars)	North America		United Kingdom		Mexico			RCI		All Other		Total
For the Three Months Ended
October 1, 2011
External revenue1	$	468.1	$	124.5	$	12.7		$	6.0	$	—	$	611.3
Depreciation and amortization		20.1		3.5		0.4			—		—		24.0
Operating income (loss)		19.8		8.3		(0.9	)		1.8		—		29.0
Additions to property, plant & equipment		6.8		1.2		0.1			—		—		8.1
For the Nine Months Ended
October 1, 2011
External revenue1	$	1,388.2	$	336.8	$	40.3		$	20.1	$	—	$	1,785.4
Depreciation and amortization		59.7		10.2		1.5			—		—		71.4
Operating income (loss)		70.6		22.7		(3.0	)		6.1		—		96.4
Additions to property, plant & equipment		23.2		8.1		0.1			—		—		31.4
As of October 1, 2011
Property, plant & equipment	$	382.3	$	90.4	$	10.6		$	—	$	—	$	483.3
Goodwill		124.6		—		—			4.5		—		129.1
Intangibles and other assets		333.7		14.3		0.6			—		0.2		348.8
Total assets2		1,229.1		230.9		27.7			12.1		0.9		1,500.7

¹ Intersegment revenue between North America and the other operating segments was $3.3 million and $11.5 million for the three and nine months ended October 1, 2011, respectively.

² Excludes intersegment receivables, investments and notes receivable.

Operating Segments
(in millions of U.S. dollars)	North America			United Kingdom		Mexico			RCI		All Other		Total
For the Three Months Ended
October 2, 2010
External revenue1	$	371.8		$	96.6	$	12.4		$	6.1	$	—	$	486.9
Depreciation and amortization		15.2			3.4		0.5			—		—		19.1
Operating income (loss)		12.6			7.3		(1.2	)		0.8		—		19.5
Additions to property, plant & equipment		9.9			1.5		—			—		—		11.4
For the Nine Months Ended
October 2, 2010
External revenue1	$	935.8		$	277.5	$	38.3		$	22.9	$	—	$	1,274.5
Depreciation and amortization		38.8			9.6		1.5			—		—		49.9
Operating income (loss)		63.7			19.0		(5.2	)		6.2		—		83.7
Restructuring		(0.5	)		—		—			—		—		(0.5	)
Additions to property, plant & equipment		21.9			5.9		1.7			—		—		29.5
As of January 1, 2011
Property, plant & equipment	$	400.4		$	90.2	$	13.2		$	—	$	—	$	503.8
Goodwill		125.7			—		—			4.5		—		130.2
Intangibles and other assets		354.7			15.7		0.7			—		—		371.1
Total assets2		1,275.9			207.4		31.5			13.7		0.7		1,529.2

¹ Intersegment revenue between North America and the other operating segments was $10.2 million and $15.1 million for the three and nine months ended October 2, 2010, respectively.

² Excludes intersegment receivables, investments and notes receivable.

For the nine months ended October 1, 2011, sales to Walmart accounted for 31.9% (October 2, 2010 – 30.6%) of our total revenues, 36.1% of our North America operating segment revenues (October 2, 2010 – 35.3%), 14.7% of our U.K. operating segment revenues (October 2, 2010 – 16.1%), and 46.5% of our Mexico operating segment revenues (October 2, 2010 – 38.7%).

Credit risk arises from the potential default of a customer in meeting its financial obligations to us. Concentrations of credit exposure may arise with a group of customers that have similar economic characteristics or that are located in the same geographic region. The ability of such customers to meet obligations would be similarly affected by changing economic, political or other conditions. We are not currently aware of any facts that would create a material credit risk.

Revenues are attributed to operating segment based on the location of the plant. Revenues by operating segment were as follows:

	For the Three Months Ended						For the Nine Months Ended
(in millions of U.S. dollars)	October 1, 2011			October 2, 2010			October 1, 2011			October 2, 2010
United States	$	414.3		$	336.0		$	1,236.6		$	827.4
Canada		66.0			49.3			189.8			152.4
United Kingdom		124.5			96.6			336.8			277.5
Mexico		12.7			12.4			40.3			38.3
RCI		6.0			6.1			20.1			22.9
Elimination1		(12.2	)		(13.5	)		(38.2	)		(44.0	)
	$	611.3		$	486.9		$	1,785.4		$	1,274.5

¹ Represents intersegment revenue among our reporting units, of which $3.3 million and $11.5 million represent intersegment revenue between North America and our other operating segments for the three and nine months ended October 1, 2011, respectively, and $10.2 million and $15.1 million represent intersegment revenue between North America and our other operating segments for the three and nine months ended October 2, 2010, respectively.

Revenues by product were as follows:

For the Three Months Ended October 1, 2011
(in millions of U.S. dollars)	North America		United Kingdom		Mexico		RCI		Total
Revenue
Carbonated soft drinks	$	192.8	$	47.5	$	9.6	$	—	$	249.9
Juice		144.1		3.4		0.7		—		148.2
Concentrate		2.5		0.7		—		6.0		9.2
All other products		128.7		72.9		2.4		—		204.0
Total	$	468.1	$	124.5	$	12.7	$	6.0	$	611.3

For the Nine Months Ended October 1, 2011
(in millions of U.S. dollars)	North America		United Kingdom		Mexico		RCI		Total
Revenue
Carbonated soft drinks	$	549.8	$	134.4	$	31.2	$	—	$	715.4
Juice		456.3		9.6		2.4		—		468.3
Concentrate		6.8		2.4		—		20.1		29.3
All other products		375.3		190.4		6.7		—		572.4
Total	$	1,388.2	$	336.8	$	40.3	$	20.1	$	1,785.4

For the Three Months Ended October 2, 2010
(in millions of U.S. dollars)	North America		United Kingdom		Mexico		RCI		Total
Revenue
Carbonated soft drinks	$	181.1	$	37.1	$	10.6	$	—	$	228.8
Juice		75.8		3.1		0.1		—		79.0
Concentrate		1.8		1.0		—		6.1		8.9
All other products		113.1		55.4		1.7		—		170.2
Total	$	371.8	$	96.6	$	12.4	$	6.1	$	486.9

For the Nine Months Ended October 2, 2010
(in millions of U.S. dollars)	North America		United Kingdom		Mexico		RCI		Total
Revenue
Carbonated soft drinks	$	531.5	$	109.6	$	33.1	$	—	$	674.2
Juice		78.3		8.4		0.6		—		87.3
Concentrate		5.7		3.6		—		22.9		32.2
All other products		320.3		155.9		4.6		—		480.8
Total	$	935.8	$	277.5	$	38.3	$	22.9	$	1,274.5

Property, plant and equipment by geographic area were as follows:

(in millions of U.S. dollars)	October 1, 2011		January 1, 2011
United States	$	336.2	$	350.4
Canada		46.1		50.0
United Kingdom		90.4		90.2
Mexico		10.6		13.2
	$	483.3	$	503.8