What is the main reason for these segment changes?

The primary reason for these segment realignment changes is to align PepsiCo's financial reporting with its updated organizational structure and the way the Chief Executive Officer monitors the performance of these business units. This aims to provide a more accurate reflection of how the company is managed and evaluated internally.

Will these changes affect PepsiCo's previously reported financial statements?

No, these changes do not revise or restate PepsiCo's previously reported consolidated financial statements for any period. The report provides supplemental information with retrospective adjustments to prior segment data to reflect the new structure. Starting with the third quarter of 2015, actual financial statements will incorporate these changes.

What specific segments are being combined or renamed?

All beverage, food, and snack businesses in Latin America will now be reported as a single 'Latin America' segment. The former 'PepsiCo Americas Beverages' (PAB) segment is being split, with North American beverages becoming 'North America Beverages'. The 'Europe' segment will absorb businesses from Sub-Saharan Africa and be renamed 'Europe Sub-Saharan Africa (ESSA)', while 'Asia, Middle East and Africa (AMEA)' will be renamed 'Asia, Middle East and North Africa (AMENA)'.

Where can I find the revised segment data?

Revised segment data, including volume, revenue, and operating profit, presented on both a reported and non-GAAP basis (core, core constant currency, organic), is available in Exhibit 99.1 attached to this Current Report on Form 8-K. This exhibit also includes reconciliations of GAAP and non-GAAP financial information.

PEP 8-K: Regulation FD

Summary

PepsiCo, Inc. (PEP) has filed an 8-K report on August 5, 2015, to disclose important changes to its reportable segment structure, effective the third quarter of 2015. The primary objective is to align financial reporting with its updated organizational structure and how the CEO monitors performance. These changes are primarily retrospective adjustments to prior period segment data, not a restatement of previously issued consolidated financial statements. Investors should note that these modifications aim to provide a clearer view of business performance under the new divisional setup.

Key Highlights

1PepsiCo is realigning its reportable segments to match organizational changes and CEO performance monitoring.
2Latin America beverage, food, and snack businesses will now be reported together under a unified 'Latin America' segment.
3The North American beverage business will be reported separately as 'North America Beverages'.
4The 'Europe' segment will be expanded to include Sub-Saharan Africa businesses, renamed 'Europe Sub-Saharan Africa (ESSA)'.
5The 'Asia, Middle East and Africa (AMEA)' segment will be renamed 'Asia, Middle East and North Africa (AMENA)'.
6These changes do not affect the Frito-Lay North America or Quaker Foods North America segments.
7Supplemental unaudited financial information reflecting these revised segments, including non-GAAP measures (core, core constant currency, organic), is provided in Exhibit 99.1.

PEPSICO INC 8-K Report, Regulation FD Disclosure (Aug 6, 2015)

Summary

Key Highlights

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