(in millions except per share amounts)
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 25, 1999, December 26, 1998 and December 27, 1997

	1999		.	1998			1997		.
Net Sales
New PepsiCo	$	18,244	.	$	14,686	.	$	13,655
Bottling operations	2,123		.	7,662		7,262
Total Net Sales	20,367		.	22,348		20,917
Costs and Expenses
Cost of sales	8,198		.	9,330		8,525
Selling, general and administrative expenses	9,103		.	9,924		9,241
Amortization of intangible assets	183		.	222		199
Impairment and restructuring charges	65		.	288		290
Total Costs and Expenses	17,549		.	19,764		18,255
Operating Profit
New PepsiCo	2,765		.	2,460		2,252
Bottling operations and equity investments	53		.	124		410
Total Operating Profit	2,818		.	2,584		2,662
Bottling equity income, net	83		.	-		-
Gain on bottling transactions	1,000		.	-		-
Interest expense	(363		)	(395		)	(478		)
Interest income	118		.	74		125
Income from Continuing Operations Before Income Taxes	3,656		.	2,263		2,309
Provision for Income Taxes	1,606		.	270		818
Income from Continuing Operations	2,050		.	1,993		1,491
Income from Discontinued Operations, net of tax	-		.	-		651
Net Income	$	2,050	.	$	1,993	.	$	2,142
Income Per Share - Basic	.
Continuing Operations	$	1.40	.	$	1.35	.	$	0.98
Discontinued Operations	-		.	-		0.42
Net Income	$	1.40	.	$	1.35	.	$	1.40
Average shares outstanding	1,466		.	1,480		1,528
	.
Income Per Share - Assuming Dilution	.
Continuing Operations	$	1.37	.	$	1.31	.	$	0.95
Discontinued Operations	-		.	-		0.41
Net Income	$	1.37	.	$	1.31	.	$	1.36
Average shares outstanding	1,496		.	1,519		1,570
See accompanying Notes to Consolidated Financial Statements.