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2006 Supplemental Financial Information - PepsiCo International Reporting Changes


Effective December 31, 2006 (the beginning of PepsiCo’s 2007 fiscal year), the reporting calendars of certain operating units within PepsiCo International’s (“PI”) reporting segment were changed such that most PI operations will now report on a monthly calendar basis instead of a period reporting basis. Monthly reporting is preferable for our international businesses to facilitate local statutory reporting, which is generally based on monthly calendars. The change in reporting will substantially reduce the number of financial closings and reconciliations executed by the international operations, improving overall efficiency.

In addition, effective December 31, 2006, income for certain non-consolidated international bottling interests was reclassified from “bottling equity income” and “corporate unallocated” results to PI’s division operating results, to be consistent with PepsiCo’s internal management accountability.

In order to provide a basis for comparison between results for fiscal quarters in 2006 and forthcoming 2007 fiscal quarterly results, Table 1 provides selected financial information for each of our 2006 fiscal quarters, reflecting the changes described above. Table 2 provides selected financial information excluding the impact of certain items in 2006 and Table 3 provides the reconciliation of this information with the most directly comparable financial measures in accordance with generally accepted accounting principles (GAAP). The changes described above have no impact on our full year 2006 net income. These changes will be reflected in all prior periods presented in future filings of our financial statements. The information provided does not impact an investor’s ability to rely on any of our previously issued financial statements.


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