What are the main reasons for these changes in PepsiCo's reporting?

The primary reasons are to improve geographic alignment of its international business operations and to standardize the reporting of volume data for its North American beverage segment. These changes are intended to make segment reporting more consistent and reflective of current business responsibilities.

Will these segment changes affect PepsiCo's overall financial performance or reported results?

No, the segment reclassification and the change in volume reporting methodology are described as affecting 'only the manner in which the results... were previously reported.' The company states these changes do not impact its consolidated financial statements and do not restate previously reported results. Historical segment data will be presented in the new structure in the accompanying exhibits.

What is 'Bottler Case Sales (BCS)' volume and why is the reporting changing?

BCS volume refers to the total volume of beverages sold by bottlers, typically converted to a standard 8-ounce metric. The reporting change for PBNA moves from monthly bottler reporting to a period-based report. This change is primarily for internal consistency and does not affect the overall reported volume for the year.

Where can I find the detailed reclassified financial information?

Detailed reclassified segment information, including reported and core results, along with reconciliations of non-GAAP to GAAP financial data, are provided in Exhibits 99.1, 99.2, and 99.3 to this Current Report on Form 8-K. Exhibit 99.4 provides reclassified discussions within the relevant sections of the company's 2008 10-K.

PEP 8-K SEC Disclosure — Mar 25, 2009

Summary

PepsiCo, Inc. (PEP) filed an 8-K on March 24, 2009, primarily to update investors on changes to its business segment reporting and volume calculation methodologies. These changes are effective starting the first quarter of 2009. The company realigned certain international markets, moving Turkey and some Central Asia markets from the Middle East, Asia & Africa segment (now AMEA) to the United Kingdom & Europe segment (now simply Europe). This reclassification aims for better geographic alignment and consistency in reporting responsibilities. Additionally, PepsiCo is changing how it reports volume for its North American beverage business (PBNA). Previously reported monthly by bottlers, PBNA's Bottler Case Sales (BCS) volume will now be reported on a period basis. While this affects the timing of reporting for PBNA's BCS volume, the company explicitly states there is no impact on PBNA's full-year volume results. These adjustments are primarily for internal reporting consistency and do not restate previously issued consolidated financial statements, although historical segment data will be presented in the revised format in accompanying exhibits.

Key Highlights

1PepsiCo is reclassifying its business segments, moving Turkey and certain Central Asia markets to the Europe segment from the AMEA segment.
2The United Kingdom & Europe segment has been renamed to the Europe segment.
3PepsiCo Beverages North America (PBNA) will now report Bottler Case Sales (BCS) volume on a period basis instead of a monthly basis.
4The change in BCS volume reporting for PBNA does not impact its full-year volume results.
5The segment reclassification and volume reporting changes do not affect other existing reportable segments.
6This 8-K filing is to provide reclassified historical segment information in accompanying exhibits, not to restate previously issued consolidated financial statements.
7Accompanying exhibits provide detailed schedules of reclassified operating segment data and reconciliations of non-GAAP to GAAP financial information.

PEPSICO INC 8-K Report, Corporate Update (Mar 25, 2009)

Summary

Key Highlights

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