What are the key accounting changes being addressed in the webcast?

The webcast will discuss adjustments related to Financial Accounting Standard (FAS) 142, which concerns the accounting for goodwill and other intangible assets, and Emerging Issues Task Force (EITF) 01-9, which addresses accounting for consideration paid to a customer in a retail setting. Other unspecified changes will also be covered.

Why is PepsiCo making these financial adjustments?

PepsiCo is making these adjustments to comply with new accounting pronouncements (FAS 142 and EITF 01-9) and other changes. The company intends to use these adjusted figures to ensure a consistent and comparable basis when presenting its financial results for the upcoming 2002 fiscal year.

What is the significance of the 'forward-looking statements' disclaimer?

The 'forward-looking statements' disclaimer is a standard legal safeguard. It means that while management is providing its current best estimates and outlook, actual future results could be materially different due to various business, economic, or other uncertainties. PepsiCo is not committing to update these statements if circumstances change.

When will investors be able to see the adjusted financial results?

The webcast on February 12, 2002, will present the adjusted amounts for the fiscal year ended December 29, 2001. These adjusted figures will then be used for comparative purposes when PepsiCo reports its 2002 results throughout the year.

PEP 8-K SEC Disclosure — Feb 12, 2002

Summary

This 8-K filing from PepsiCo, Inc. (PEP), dated February 12, 2002, announces an upcoming webcast on February 12, 2002, to discuss financial adjustments for the fiscal year ended December 29, 2001. These adjustments pertain to the implementation of new accounting standards, specifically FAS 142 and EITF 01-9, along with other changes. The company will use these restated figures for comparative purposes when reporting its 2002 financial results. Investors should note that the webcast will present adjusted financial information that deviates from previously reported figures. While the company is providing these adjusted amounts for future comparability, the filing also includes standard forward-looking statements cautionary language, reminding stakeholders that actual results may differ materially from management's current expectations due to inherent uncertainties and changes in circumstances. PepsiCo explicitly states it has no obligation to update these forward-looking statements.

Key Highlights

1PepsiCo will webcast financial presentation materials on February 12, 2002.
2The presentation will address adjustments for FAS 142 (Goodwill and Other Intangible Assets) and EITF 01-9 (Accounting for Consideration Paid to a Customer in a Retail Setting).
3These adjusted financial figures for the fiscal year ended December 29, 2001, will be used for future comparative reporting.
4The filing includes standard forward-looking statements language, cautioning investors about potential deviations from management's expectations.
5PepsiCo is not obligated to update its forward-looking statements based on new information or future events.
6The primary purpose of the webcast is to provide adjusted financial data for enhanced comparative analysis of 2002 results.

PEPSICO INC 8-K Report (Feb 12, 2002)

Summary

Key Highlights

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