Pepsico Paper

PepsiCo is a world leader in convenient snacks, foods, and beverages with revenues of $60 billion and more than 285,000 employees (PepsiCo.com). PepsiCo manufactures, markets, and sells various foods, snacks, and carbonated and non-carbonated beverages worldwide. The company operates in four divisions: PepsiCo Americas Foods (PAF), PepsiCo Americas Beverages (PAB), PepsiCo Europe, PepsiCo Asia, Middle East and Africa (AMEA). PepsiCo owns some of the world 's most popular brands, including Pepsi-Cola, Mountain Dew, Diet Pepsi, Lay 's, Doritos, Tropicana, Gatorade, and Quaker. Our brands are available worldwide through a variety of go-to-market systems, including direct store delivery (DSD), broker-warehouse, food service, and vending. PepsiCo was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay. Tropicana was acquired in 1998 and PepsiCo merged with the Quaker Oats Company, including Gatorade, in 2001. PepsiCo’s mission is to be the world’s premier consumer products company focused on convenient foods and beverages. PepsiCo seeks to produce financial rewards to investors as they provide opportunities for growth for employees, business partners and the communities in which they operate, and everything they do to strive for honesty, fairness, and integrity. “PepsiCo’s responsibility is to continually improve all aspects of the world in which we operate-environment, social, economic - creating a better tomorrow than today.” (Pepsico.com) PepsiCo’s system of internal control is designed to provide reasonable assurance that transactions are executed as authorized and accurately recorded; that assts are safeguarded; and that accounting records are sufficiently reliable to permit the preparation of financial statements that conform in all material respects with accounting principles generally accepted in the U.S. PepsiCo maintains disclosure controls and procedures designed to ensure that information required to be disclosed in reports under the

References: http://finance.yahoo.com http://www.pepsico.com Report of Independent Registered Public Accounting Firm, New York, NY February 15, 2008 KPMG LLP