What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to inform investors about the realignment of PepsiCo's reportable business segments, effective at the start of the 2011 fiscal year. This change is primarily to better align segment reporting with updated management responsibilities.

How will this segment realignment affect PepsiCo's overall financial performance?

This segment realignment is a reporting change and does not impact PepsiCo's overall consolidated financial performance or its core business operations. It only changes how results are categorized and presented across different segments for better comparability and reflection of management structure.

Which specific businesses are being moved between segments?

The primary changes involve (1) the North American Quaker snacks business moving from Frito-Lay North America (FLNA) to Quaker Foods North America (QFNA), and (2) the South Africa snacks business moving from the Asia, Middle East & Africa (AMEA) segment to the Europe segment.

Will PepsiCo restate its past financial statements due to these segment changes?

No, this 8-K filing clarifies that the company is not restating its previously reported consolidated financial statements. Instead, it is reclassifying historical segment information to correspond with the new segment structure for analytical purposes.

PEP 8-K SEC Disclosure — Mar 18, 2011

Summary

PepsiCo, Inc. (PEP) filed this 8-K on March 18, 2011, to announce a realignment of its reportable business segments, effective at the beginning of its 2011 fiscal year. This change primarily impacts how certain snack businesses are categorized, with Quaker snacks in North America moving from Frito-Lay North America (FLNA) to the Quaker Foods North America (QFNA) segment. Additionally, PepsiCo's South Africa snacks business has been moved from the Asia, Middle East & Africa (AMEA) segment to the Europe segment. These adjustments are made to better reflect changes in management responsibility and do not alter the company's consolidated financial statements but will be applied to historical segment data for comparability. The filing includes exhibits with reclassified operating segment data and reconciliations of GAAP to non-GAAP financial information. Investors should note that this 8-K is primarily a procedural filing to update segment reporting structures. The core business operations and overall financial performance of PepsiCo remain unchanged by these reporting realignments. The company is providing this information to ensure historical segment data is presented consistently with the new structure, which will aid in the analysis of future performance across these segments. The filing also references PepsiCo's use of "core" and "core constant currency" financial measures, providing a glossary for these non-GAAP terms and directing investors to detailed reconciliations available in the exhibits.

Key Highlights

1PepsiCo is realigning its reportable segments for the 2011 fiscal year to reflect management responsibility changes.
2Quaker snacks in North America will now be reported under the Quaker Foods North America (QFNA) segment, previously part of Frito-Lay North America (FLNA).
3South Africa snacks business is now reported within the Europe segment, moving from the Asia, Middle East & Africa (AMEA) segment.
4These changes affect the reporting of segment results only and do not restate previously issued consolidated financial statements.
5Historical segment information will be reclassified to align with the new reporting structure.
6Exhibits 99.1 and 99.2 provide summarized reported, core, and core constant currency financial results reflecting these segment changes.
7A glossary defines key non-GAAP terms like 'Core' and 'Constant currency' used by PepsiCo.

PEPSICO INC 8-K Report, Corporate Update (Mar 18, 2011)

Summary

Key Highlights

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