Corporate Profile

PepsiCo is a world leader in convenient snacks, foods, and beverages, with revenues of more than $39 billion and over 185,000 employees. PepsiCo owns some of the world's most popular brands, including Pepsi-Cola, Mountain Dew, Diet Pepsi, Lay's, Doritos, Tropicana, Gatorade, and Quaker. Our brands are available worldwide through a variety of go-to-market systems, including direct store delivery (DSD), broker-warehouse, and food service and vending.

PepsiCo was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay. Tropicana was acquired in 1998 and PepsiCo merged with the Quaker Oats Company, including Gatorade, in 2001.

Divisions
We report our operations results as follows, by six segments:

• Pepsico Americas Beverages (PAB)
• Frito-Lay North America (FLNA)
• Quaker Foods North America (QFNA)
• Latin America Foods (LAF)
• UK/Europe
• Middle East/Africa/Asia

Volume Reporting
Our operating divisions report volume based on the following measures:

Because our divisions each use different measures of physical unit volume, a common servings metric is necessary to reflect PepsiCo's consolidated physical unit volume. Our divisions' physical volume measures are converted into servings, based on U.S. Food and Drug Administration guidelines for single serving sizes of our products, as follows:

Fiscal Year and Quarterly Reporting

PepsiCo's fiscal year consists of 52 weeks and is divided into 13 4-week periods. Our fiscal year ends on the last Saturday in December and, as a result, a 53rd week is added every five or six years.

Most of our volume and financial results are reported based on fiscal quarters, with some exceptions, as described in the chart and notes below:

Notes on quarterly reporting

• PBNA: Volume is reported as described in the chart above for the Gatorade and Tropicana brands, and is reported based on monthly bottler case sales for products distributed by our bottlers (Q1=3 months, Q2=2 months, Q3=3 months, Q4=4 months).
• PepsiCo International: The volume and financial results of most of our international businesses are reported on a monthly calendar basis.