| Consolidated Statement of Income |
| ($ in Millions except per share amount) PepsiCo, Inc. And Subsidiaries Fiscal Years ended December 27, 1997 December 28, 1996 and December 30, 1995 |
1997 | 1996 | 1995 |
| Net Sales. . . . . . . . . . . . . . . . . . . . . . . | $20,917 | $20,337 | $19,067 |
| Costs and Expenses, net | |||
| Cost of Sales. . . . . . .. . . . . . . . . . . . . . | 8,525 | 8,452 | 8,054 |
| Sellings, general & administrative expenses . . | 9,241 | 9,063 | 8,133 |
| Amortization of intangible assets . . . . . . . . . | 199 | 206 | 208 |
| Unusual items . . . . . . . . . . . . . . . . | 290 | 576 | 66 |
| Operating Profit . . . . . . . . . . . . . . . . . . | 2,662 | 2,040 | 2,606 |
| Interest expense . . . . . . . . . . . . . . . . . . . | (478) | (565) | (629) |
| Interest income . . . . . . . . . . . . . . . . . . | 125 | 91 | 114 |
|
Income from Continuing Operations Before Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . |
2,309 | 1,566 | 2,091 |
| Provision for Income Taxes . . . . . . . . . . . | 818 | 624 | 669 |
| Income from Continuing Operations . . . . | 1,491 | 942 | 1,422 |
|
Income from Discontinued Operations, net of tax. . . . . . . . . . . . . . . . . . . . . |
651 | 207 | 184 |
| Net Income . . . . . . . . . . . . . . . . . . . . | $ 2,142 | $ 1,149 | $ 1,606 |
| Income Per Share - Basic | |||
| Continuing Operations . . . . . . . . . . . . . . . | $ 0.98 | $ 0.60 | $ 0.90 |
| Discontinued Operations . . . . . . . . . . . | 0.42 | 0.13 | 0.12 |
| Net income . . . . . . . . . . . . . . . . . . . . | $ 1.40 | $ 0.73 | $ 1.02 |
| Average shares outstanding . . . . . . . . . | 1,528 | 1,564 | 1,576 |
| Income Per Share - Assuming Dilution | |||
| Continuing Operations . . . . . . . . . . . . . | $ 0.95 | $ 0.59 | $ 0.88 |
| Discontinued Operations . . . . . . . . . . . . . | 0.41 | 0.13 | 0.12 |
| Net income . . . . . . . . . . . . . . . . . . . . | $ 1.36 | $ 0.72 | $ 1.00 |
| Average shares outstanding . . . . . . . . . . | 1,570 | 1,606 | 1,608 |