Schedule I | Exhibit 99.3 |
PepsiCo
Unaudited Reported Information
(in millions, except per share amounts)
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Full Year | ||||||||||||||||||||||||||||||||||||||||||||||
2002 | 2001 | Index | 2002 | 2001 | Index | 2002 | 2001 | Index | 2002 | 2001 | Index | 2002 | 2001 | Index | ||||||||||||||||||||||||||||||||||||
Total Net Sales | $ | 5,311 |
| $ | 4,912 |
| 108 | $ | 6,119 |
| $ | 5,807 |
| 105 | $ | 6,300 |
| $ | 5,901 |
| 107 | $ | 7,382 |
| $ | 6,892 |
| 107 | $ | 25,112 |
| $ | 23,512 |
| 107 | |||||||||||||||
Total Operating Profit | $ | 1,001 |
| $ | 898 |
| 112 | $ | 1,226 |
| $ | 1,141 |
| 107 | $ | 1,297 |
| $ | 951 |
| 137 | $ | 1,206 |
| $ | 1,031 |
| 117 | $ | 4,730 |
| $ | 4,021 |
| 118 | |||||||||||||||
Bottling Equity Income, net |
| 27 |
|
| 5 |
| NM |
| 94 |
|
| 63 |
| 149 |
| 130 |
|
| 85 |
| 152 |
| 29 |
|
| 7 |
| NM |
| 280 |
|
| 160 |
| 175 | |||||||||||||||
Interest Expense, net |
| (19 | ) |
| (32 | ) | 59 |
| (38 | ) |
| (41 | ) | 93 |
| (36 | ) |
| (35 | ) | 102 |
| (49 | ) |
| (44 | ) | 114 |
| (142 | ) |
| (152 | ) | 94 | |||||||||||||||
Income Before Taxes |
| 1,009 |
|
| 871 |
| 116 |
| 1,282 |
|
| 1,163 |
| 110 |
| 1,391 |
|
| 1,001 |
| 139 |
| 1,186 |
|
| 994 |
| 119 |
| 4,868 |
|
| 4,029 |
| 121 | |||||||||||||||
Provision for Income Taxes |
| 320 |
|
| 278 |
| 115 |
| 407 |
|
| 372 |
| 109 |
| 438 |
|
| 391 |
| 112 |
| 390 |
|
| 326 |
| 119 |
| 1,555 |
|
| 1,367 |
| 114 | |||||||||||||||
Net Income | $ | 689 |
| $ | 593 |
| 116 | $ | 875 |
| $ | 791 |
| 111 | $ | 953 |
| $ | 610 |
| 156 | $ | 796 |
| $ | 668 |
| 119 | $ | 3,313 |
| $ | 2,662 |
| 124 | |||||||||||||||
Average Shares Outstanding—Diluted |
| 1,801 |
|
| 1,800 |
|
| 1,809 |
|
| 1,810 |
|
| 1,789 |
|
| 1,817 |
|
| 1,756 |
|
| 1,800 |
|
| 1,789 |
|
| 1,807 |
| ||||||||||||||||||||
Diluted Earnings Per Common Share | $ | 0.38 |
| $ | 0.33 |
| 116 | $ | 0.48 |
| $ | 0.44 |
| 111 | $ | 0.53 |
| $ | 0.34 |
| 159 | $ | 0.45 |
| $ | 0.37 |
| 122 | $ | 1.85 |
| $ | 1.47 |
| 126 |
Note: Indices based on unrounded amounts.
Schedule II
PepsiCo
Unaudited Comparable Information
(in millions, except per share amounts)
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Full Year | ||||||||||||||||||||||||||||||||||||||||||||||
2002 | 2001 | Index | 2002 | 2001 | Index | 2002 | 2001 | Index | 2002 | 2001 | Index | 2002 | 2001 | Index | ||||||||||||||||||||||||||||||||||||
Net Sales | ||||||||||||||||||||||||||||||||||||||||||||||||||
Frito-Lay North America | $ | 1,926 |
| $ | 1,803 |
| 107 | $ | 2,026 |
| $ | 1,956 |
| 104 | $ | 2,073 |
| $ | 2,008 |
| 103 | $ | 2,540 |
| $ | 2,449 |
| 104 | $ | 8,565 |
| $ | 8,216 |
| 104 | |||||||||||||||
PepsiCo Beverages North America |
| 1,486 |
|
| 1,417 |
| 105 |
| 1,827 |
|
| 1,799 |
| 102 |
| 1,956 |
|
| 1,822 |
| 107 |
| 1,931 |
|
| 1,850 |
| 104 |
| 7,200 |
|
| 6,888 |
| 105 | |||||||||||||||
Quaker Foods North America |
| 357 |
|
| 350 |
| 102 |
| 306 |
|
| 294 |
| 104 |
| 341 |
|
| 347 |
| 98 |
| 460 |
|
| 446 |
| 103 |
| 1,464 |
|
| 1,437 |
| 102 | |||||||||||||||
PepsiCo International |
| 1,508 |
|
| 1,467 |
| 103 |
| 1,924 |
|
| 1,887 |
| 102 |
| 1,896 |
|
| 1,853 |
| 102 |
| 2,421 |
|
| 2,297 |
| 105 |
| 7,749 |
|
| 7,504 |
| 103 | |||||||||||||||
Total Division Net Sales |
| 5,277 |
|
| 5,037 |
| 105 |
| 6,083 |
|
| 5,936 |
| 102 |
| 6,266 |
|
| 6,030 |
| 104 |
| 7,352 |
|
| 7,042 |
| 104 |
| 24,978 |
|
| 24,045 |
| 104 | |||||||||||||||
Divested Businesses |
| 34 |
|
| 37 |
| 92 |
| 36 |
|
| 44 |
| 83 |
| 34 |
|
| 41 |
| 82 |
| 30 |
|
| 51 |
| 58 |
| 134 |
|
| 173 |
| 77 | |||||||||||||||
Total Net Sales | $ | 5,311 |
| $ | 5,074 |
| 105 | $ | 6,119 |
| $ | 5,980 |
| 102 | $ | 6,300 |
| $ | 6,071 |
| 104 | $ | 7,382 |
| $ | 7,093 |
| 104 | $ | 25,112 |
| $ | 24,218 |
| 104 | |||||||||||||||
Operating Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||
Frito-Lay North America | $ | 479 |
| $ | 429 |
| 112 | $ | 526 |
| $ | 490 |
| 107 | $ | 558 |
| $ | 524 |
| 107 | $ | 653 |
| $ | 613 |
| 107 | $ | 2,216 |
| $ | 2,056 |
| 108 | |||||||||||||||
PepsiCo Beverages North America |
| 326 |
|
| 288 |
| 113 |
| 448 |
|
| 420 |
| 106 |
| 465 |
|
| 413 |
| 113 |
| 338 |
|
| 345 |
| 98 |
| 1,577 |
|
| 1,466 |
| 108 | |||||||||||||||
Quaker Foods North America |
| 114 |
|
| 88 |
| 129 |
| 97 |
|
| 74 |
| 133 |
| 119 |
|
| 96 |
| 123 |
| 143 |
|
| 131 |
| 109 |
| 473 |
|
| 389 |
| 122 | |||||||||||||||
PepsiCo International |
| 202 |
|
| 179 |
| 113 |
| 288 |
|
| 241 |
| 120 |
| 280 |
|
| 237 |
| 117 |
| 272 |
|
| 206 |
| 133 |
| 1,042 |
|
| 863 |
| 121 | |||||||||||||||
Total Division Operating Profit |
| 1,121 |
|
| 984 |
| 114 |
| 1,359 |
|
| 1,225 |
| 111 |
| 1,422 |
|
| 1,270 |
| 112 |
| 1,406 |
|
| 1,295 |
| 109 |
| 5,308 |
|
| 4,774 |
| 111 | |||||||||||||||
Divested Businesses |
| — |
|
| 8 |
| NM |
| 9 |
|
| 11 |
| 87 |
| 6 |
|
| 11 |
| 62 |
| 8 |
|
| 9 |
| 78 |
| 23 |
|
| 39 |
| 59 | |||||||||||||||
Corporate Unallocated |
| (84 | ) |
| (78 | ) | 107 |
| (77 | ) |
| (84 | ) | 92 |
| (98 | ) |
| (78 | ) | 125 |
| (118 | ) |
| (131 | ) | 91 |
| (377 | ) |
| (371 | ) | 102 | |||||||||||||||
Total Operating Profit |
| 1,037 |
|
| 914 |
| 113 |
| 1,291 |
|
| 1,152 |
| 112 |
| 1,330 |
|
| 1,203 |
| 111 |
| 1,296 |
|
| 1,173 |
| 110 |
| 4,954 |
|
| 4,442 |
| 112 | |||||||||||||||
Bottling Equity Income, net |
| 27 |
|
| 21 |
| 131 |
| 94 |
|
| 78 |
| 120 |
| 130 |
|
| 100 |
| 129 |
| 29 |
|
| 26 |
| 112 |
| 280 |
|
| 225 |
| 124 | |||||||||||||||
Interest Expense, net |
| (19 | ) |
| (34 | ) | 58 |
| (38 | ) |
| (41 | ) | 91 |
| (36 | ) |
| (35 | ) | 100 |
| (49 | ) |
| (44 | ) | 113 |
| (142 | ) |
| (154 | ) | 92 | |||||||||||||||
Income Before Taxes |
| 1,045 |
|
| 901 |
| 116 |
| 1,347 |
|
| 1,189 |
| 113 |
| 1,424 |
|
| 1,268 |
| 112 |
| 1,276 |
|
| 1,155 |
| 110 |
| 5,092 |
|
| 4,513 |
| 113 | |||||||||||||||
Provision for Income Taxes |
| 326 |
|
| 281 |
| 116 |
| 420 |
|
| 371 |
| 113 |
| 444 |
|
| 395 |
| 112 |
| 399 |
|
| 361 |
| 110 |
| 1,589 |
|
| 1,408 |
| 113 | |||||||||||||||
Net Income | $ | 719 |
| $ | 620 |
| 116 | $ | 927 |
| $ | 818 |
| 113 | $ | 980 |
| $ | 873 |
| 112 | $ | 877 |
| $ | 794 |
| 110 | $ | 3,503 |
| $ | 3,105 |
| 113 | |||||||||||||||
Average Shares Outstanding—Diluted |
| 1,801 |
|
| 1,800 |
|
| 1,809 |
|
| 1,810 |
|
| 1,789 |
|
| 1,817 |
|
| 1,756 |
|
| 1,800 |
|
| 1,789 |
|
| 1,807 |
| ||||||||||||||||||||
Diluted Earnings Per Common Share | $ | 0.40 |
| $ | 0.34 |
| 116 | $ | 0.51 |
| $ | 0.45 |
| 113 | $ | 0.55 |
| $ | 0.48 |
| 114 | $ | 0.50 |
| $ | 0.44 |
| 113 | $ | 1.96 |
| $ | 1.72 |
| 114 |
Note: Indices based on unrounded amounts.
See accompanying reconciliation to reported results.
Schedule III
PepsiCo
Volume Growth
Index 2002 vs 2001 | Index 2001 vs 2000 | |||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Full Year | Full Year | |||||||
Total Divisions (Servings) | 105 | 103 | 105 | 104 | 104 | 104 | ||||||
Frito-Lay North America (Pounds) | 106 | 104 | 104 | 103 | 104 | 103 | ||||||
PBNA (8 oz. equivalent cases) | 105 | 101 | 105 | 101 | 103 | 104 | ||||||
Carbonated | 104 | 98 | 102 | 98 | 100 | 101 | ||||||
Non-carbonated | 107 | 107 | 113 | 111 | 110 | 114 | ||||||
Quaker Foods North America (Pounds) | 104 | 102 | 99 | 102 | 102 | 99 | ||||||
PepsiCo International | ||||||||||||
International Beverages (8 oz. equivalent cases) | 105 | 105 | 105 | 106 | 105 | 105 | ||||||
International Snacks (Kilos) | 105 | 103 | 103 | 108 | 105 | 107 | ||||||
International Foods (Kilos) | 110 | 104 | 111 | 102 | 106 | 103 |
Servings are calculated based on the following per serving amounts:
– | 30 grams for salty snacks, |
– | 40 grams for sweet snacks, |
– | 45 grams for other foods and |
– | 8 ounces for beverages. |
Schedule IV
PepsiCo.
2002 vs. 2001 Year-Over-Year Growth Comparisons Presented on a Comparable
Originally Communicated Comparable | Adjusted Comparable | Change | |||||||||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Full Year | Q1 | Q2 | Q3 | Q4 | Full Year | Q1 | Q2 | Q3 | Q4 | Full Year | |||||||||||||||||||||
Volume (Index) | |||||||||||||||||||||||||||||||||||
Frito-Lay North America | 106 | 104.5 | 104 |
| 103 | 104 | 106 | 104 | 104 | 103 | 104 | — |
| (0.5 | ) | — |
| — |
| — | |||||||||||||||
Pepsi-Cola North America | 104.5 | 100 | 104 |
| 99 | 102 | |||||||||||||||||||||||||||||
Gatorade/Tropicana North America | 104 | 105 | 110 |
| 110 | 108 | |||||||||||||||||||||||||||||
PepsiCo Beverages North America | 105 | 101 | 105 | 101 | 103 | ||||||||||||||||||||||||||||||
Quaker Foods North America | 104 | 101 | 94 |
| 104 | 102 | 104 | 102 | 99 | 102 | 102 | — |
| 1 |
| 5 |
| (2 | ) | — | |||||||||||||||
PepsiCo Beverages International | 104 | 105 | 105 |
| 106 | 105 | |||||||||||||||||||||||||||||
Frito-Lay International | 106 | 105 | 105 |
| 108 | 106 | |||||||||||||||||||||||||||||
International Beverages | 105 | 105 | 105 | 106 | 105 | ||||||||||||||||||||||||||||||
International Snacks | 105 | 103 | 103 | 108 | 105 | ||||||||||||||||||||||||||||||
International Foods (Kilos) | 110 | 104 | 111 | 102 | 106 | ||||||||||||||||||||||||||||||
Total Divisions | 105 | 103 | 104 |
| 104 | 104 | 105 | 103 | 105 | 104 | 104 | — |
| — |
| 1 |
| — |
| — | |||||||||||||||
Net Sales (Index) | |||||||||||||||||||||||||||||||||||
Frito-Lay North America | 107 | 104 | 103 |
| 104 | 104 | 107 | 104 | 103 | 104 | 104 | — |
| — |
| — |
| — |
| — | |||||||||||||||
Pepsi-Cola North America | 107 | 104 | 107 |
| 104 | 106 | |||||||||||||||||||||||||||||
Gatorade/Tropicana North America | 103 | 99 | 108 |
| 104 | 104 | |||||||||||||||||||||||||||||
PepsiCo Beverages North America | 105 | 102 | 107 | 104 | 105 | ||||||||||||||||||||||||||||||
Quaker Foods North America | 104 | 101 | 96 |
| 102 | 102 | 102 | 104 | 98 | 103 | 102 | (2 | ) | 3 |
| 2 |
| 1 |
| — | |||||||||||||||
PepsiCo Beverages International | 98 | 100 | 100 |
| 105 | 101 | |||||||||||||||||||||||||||||
Frito-Lay International | 104 | 103 | 103 |
| 106 | 104 | |||||||||||||||||||||||||||||
PepsiCo International | 103 | 102 | 102 | 105 | 103 | ||||||||||||||||||||||||||||||
Division Net Sales | 105 | 102 | 104 |
| 104 | 104 | 105 | 102 | 104 | 104 | 104 | — |
| — |
| — |
| — |
| — | |||||||||||||||
Operating Profit (Index) | |||||||||||||||||||||||||||||||||||
Frito-Lay North America | 111 | 108 | 106 |
| 107 | 108 | 112 | 107 | 107 | 107 | 108 | 1 |
| (1 | ) | 1 |
| — |
| — | |||||||||||||||
Pepsi-Cola North America | 115 | 109 | 112 |
| 113 | 112 | |||||||||||||||||||||||||||||
Gatorade/Tropicana North America | 103 | 103 | 114 |
| 68 | 101 | |||||||||||||||||||||||||||||
PepsiCo Beverages North America | 113 | 106 | 113 | 98 | 108 | ||||||||||||||||||||||||||||||
Quaker Foods North America | 125 | 131 | 114 |
| 110 | 121 | 129 | 133 | 123 | 109 | 122 | 4 |
| 2 |
| 9 |
| (1 | ) | 1 | |||||||||||||||
PepsiCo Beverages International | 109 | 108 | 110 | $ | 29MM | 123 | |||||||||||||||||||||||||||||
Frito-Lay International | 113 | 129 | 121 |
| 118 | 120 | |||||||||||||||||||||||||||||
PepsiCo International | 113 | 120 | 117 | 133 | 121 | ||||||||||||||||||||||||||||||
Division Operating Profit | 112 | 112 | 111 |
| 110 | 111 | 114 | 111 | 112 | 109 | 111 | 2 |
| (1 | ) | 1 |
| (1 | ) | — | |||||||||||||||
Pretax Income ($ in millions) | 991 | 1,365 | 1,447 |
| 1,289 | 5,092 | 1,045 | 1,347 | 1,424 | 1,276 | 5,092 | 54 |
| (18 | ) | (23 | ) | (13 | ) | — | |||||||||||||||
Net Income ($ in millions) | 681 | 940 | 996 |
| 886 | 3,503 | 719 | 926 | 981 | 877 | 3,503 | 38 |
| (14 | ) | (15 | ) | (9 | ) | — | |||||||||||||||
EPS ($) | 0.38 | 0.52 | 0.56 |
| 0.50 | 1.96 | 0.40 | 0.51 | 0.55 | 0.50 | 1.96 | 0.02 |
| (0.01 | ) | (0.01 | ) | — |
| — |
Schedule V
PepsiCo
Reconciliation of Reported to Comparable Information
(in millions, except per share amounts)
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Full Year | |||||||||||||||||||||||||||||
2002 | 2001 | 2002 | 2001 | 2002 | 2001 | 2002 | 2001 | 2002 | 2001 | ||||||||||||||||||||||||
Total Reported Net Sales | $ | 5,311 | $ | 4,912 | $ | 6,119 | $ | 5,807 |
| $ | 6,300 | $ | 5,901 |
| $ | 7,382 | $ | 6,892 | $ | 25,112 | $ | 23,512 |
| ||||||||||
SVE consolidation |
| — |
| 162 |
| — |
| 173 |
|
| — |
| 170 |
|
| — |
| 201 |
| — |
| 706 |
| ||||||||||
Total Comparable Net Sales | $ | 5,311 | $ | 5,074 | $ | 6,119 | $ | 5,980 |
| $ | 6,300 | $ | 6,071 |
| $ | 7,382 | $ | 7,093 | $ | 25,112 | $ | 24,218 |
| ||||||||||
Total Reported Operating Profit | $ | 1,001 | $ | 898 | $ | 1,226 | $ | 1,141 |
| $ | 1,297 | $ | 951 |
| $ | 1,206 | $ | 1,031 | $ | 4,730 | $ | 4,021 |
| ||||||||||
Merger-related costs |
| 36 |
| — |
| 65 |
| — |
|
| 33 |
| 235 |
|
| 90 |
| 121 |
| 224 |
| 356 |
| ||||||||||
SFAS 142 adoption |
| — |
| 8 |
| — |
| 3 |
|
| — |
| 5 |
|
| — |
| 7 |
| — |
| 23 |
| ||||||||||
SVE consolidation |
| — |
| 4 |
| — |
| 5 |
|
| — |
| — |
|
| — |
| 4 |
| — |
| 13 |
| ||||||||||
Other impairment and restructuring charges |
| — |
| 4 |
| — |
| 4 |
|
| — |
| 13 |
|
| — |
| 10 |
| — |
| 31 |
| ||||||||||
Other |
| — |
| — |
| — |
| (1 | ) |
| — |
| (1 | ) |
| — |
| — |
| — |
| (2 | ) | ||||||||||
Total Comparable Operating Profit | $ | 1,037 | $ | 914 | $ | 1,291 | $ | 1,152 |
| $ | 1,330 | $ | 1,203 |
| $ | 1,296 | $ | 1,173 | $ | 4,954 | $ | 4,442 |
| ||||||||||
Total Reported Bottling Equity Income | $ | 27 | $ | 5 | $ | 94 | $ | 63 |
| $ | 130 | $ | 85 |
| $ | 29 | $ | 7 | $ | 280 | $ | 160 |
| ||||||||||
SFAS 142 adoption |
| — |
| 16 |
| — |
| 15 |
|
| — |
| 15 |
|
| — |
| 19 |
| — |
| 65 |
| ||||||||||
Total Comparable Bottling Equity Income | $ | 27 | $ | 21 | $ | 94 | $ | 78 |
| $ | 130 | $ | 100 |
| $ | 29 | $ | 26 | $ | 280 | $ | 225 |
| ||||||||||
Total Reported Net Income | $ | 689 | $ | 593 | $ | 875 | $ | 791 |
| $ | 953 | $ | 610 |
| $ | 796 | $ | 668 | $ | 3,313 | $ | 2,662 |
| ||||||||||
Merger-related costs |
| 30 |
| — |
| 52 |
| — |
|
| 27 |
| 231 |
|
| 81 |
| 91 |
| 190 |
| 322 |
| ||||||||||
SFAS 142 adoption |
| — |
| 25 |
| — |
| 24 |
|
| — |
| 24 |
|
| — |
| 29 |
| — |
| 102 |
| ||||||||||
Other impairment and restructuring charges |
| — |
| 2 |
| — |
| 3 |
|
| — |
| 8 |
|
| — |
| 6 |
| — |
| 19 |
| ||||||||||
Total Comparable Net Income | $ | 719 | $ | 620 | $ | 927 | $ | 818 |
| $ | 980 | $ | 873 |
| $ | 877 | $ | 794 | $ | 3,503 | $ | 3,105 |
| ||||||||||
Total Reported Earnings Per Common Share | $ | 0.38 | $ | 0.33 | $ | 0.48 | $ | 0.44 |
| $ | 0.53 | $ | 0.34 |
| $ | 0.45 | $ | 0.37 | $ | 1.85 | $ | 1.47 |
| ||||||||||
Merger-related costs |
| 0.02 |
| — |
| 0.02 |
| — |
|
| 0.02 |
| 0.13 |
|
| 0.05 |
| 0.05 |
| 0.11 |
| 0.18 |
| ||||||||||
SFAS 142 adoption |
| — |
| 0.01 |
| — |
| 0.01 |
|
| — |
| 0.01 |
|
| — |
| 0.02 |
| — |
| 0.06 |
| ||||||||||
Other impairment and restructuring charges |
| — |
| — |
| 0.01 |
| — |
|
| — |
| 0.01 |
|
| — |
| — |
| — |
| 0.01 |
| ||||||||||
Rounding |
| (0.01 | ) | ||||||||||||||||||||||||||||||
Total Comparable Earnings Per Common Share | $ | 0.40 | $ | 0.34 | $ | 0.51 | $ | 0.45 |
| $ | 0.55 | $ | 0.48 |
| $ | 0.50 | $ | 0.44 | $ | 1.96 | $ | 1.72 |
| ||||||||||
For further information, see "Items Affecting Comparability" on page 30 in our 2002 Annual Report.
Comparable amounts are presented to reflect our business trends without certain items and with consistent treatment of other changes, such as changes in accounting principles. As a result, our comparable presentation facilitates comparison with prior periods. Reported amounts reflect our results under U.S. generally accepted accounting principles. Comparable results have not been prepared under U.S. generally accepted accounting principles, and should not be considered an alternative measure to U.S. generally accepted accounting principles. Our comparable results exclude the costs associated with our merger with Quaker and other impairment and restructuring costs, and include the impact in 2001 of the following 2002 accounting changes:
— | the adoption of Statement of Financial Accounting Standards No. (SFAS) 142, Goodwill and Intangibles. As a result of adoption, amortization ceased for nonamortizable intangibles and the remaining useful lives of certain amortizable intangibles were reduced and |
— | the consolidation of our European snack joint venture (SVE) as a result of operational changes. |
Schedule VI
Reporting Calendar by Division | ||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||
Frito-Lay North America | 3 fiscal periods | 3 fiscal periods | 3 fiscal periods | 4 fiscal periods | ||||
PepsiCo Beverages North America* | 3 fiscal periods | 3 fiscal periods | 3 fiscal periods | 4 fiscal periods | ||||
Quaker Foods North America | 3 fiscal periods | 3 fiscal periods | 3 fiscal periods | 4 fiscal periods | ||||
PepsiCo International** | 3 fiscal periods/ 2 months | 3 fiscal periods/ 3 months | 3 fiscal periods/ 3 months | 4 fiscal periods/ 4 months |
* Volume is reported as stated 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).
** The operating results and volume of our largest international snack businesses are reported based on fiscal periods. However, the operating results and volume of a small portion of our international snack business and all of our international beverages business are reported on a monthly calendar with Q1-2 months, Q2-3 months, Q3-3 months, Q4-4 months. Monthly reporting is used where necessary to facilitate compliance with statutory requirements. Note that volume for international beverages was formerly reported based on Q1-3 months, Q2-2 months, Q3-3 months, Q4-4 months.