PepsiCo, Inc. and Subsidiaries ($ in millions except per share amounts; all per share amounts assume dilution)   As Reported   Pro Forma New PepsiCo(b)         1999 1998  % Chg (a)   1999 1998  % Chg (a) Summary of Operations   Net sales    $  20,367    $  22,348 (9 )      $  18,666    $  17,626 6   Operating profit $ 2,818 $ 2,584 9     $ 2,802 $ 2,570 9   Net income $ 2,050 $ 1,993 3     $ 1,850 $ 1,666 11   Per share $ 1.37 $ 1.31 5     $ 1.24 $ 1.10 13   Other Data   Net cash provided by operating activities $ 3,027 $ 3,211 (6 )   Acquisitions and investments in unconsolidated affiliates $ 430 $ 4,537 (91 )   Share repurchases $ 1,285 $ 2,230 (42 )   Dividends paid $ 778 $ 757 3     Long-term debt $ 2,812 $ 4,028 (30 )   Capital spending $ 1,118 $ 1,405 (20 )   (a)  Percentage changes above and in text are based on unrounded amounts. (b)  The pro forma new PepsiCo information gives effect to the Tropicana acquisition described in Note 3 to the Financial Statements and the bottling transactions described in Note 2 as if the transactions occurred at the beginning of PepsiCo's 1998 fiscal year. In addition, the 1999 pro forma results exclude the Frito-Lay impairment and restructuring pre-tax charge of $65 million ($40 million after-tax), the pre-tax gain on the sale of a chocolate business in Poland of $28 million ($25 million after-tax), the pre-tax net gain on the PBG and Whitman bottling transactions of $1 billion ($270 million after-tax) and the income tax provision of $25 million related to the PepCom transaction. The 1998 pro forma results exclude the income tax benefit of $494 million described in Note 14 and the asset impairment and restructuring charge of $288 million ($261 million after-tax or $0.17 per share assuming dilution) described in Note 4. The pro forma new PepsiCo information does not purport to represent what PepsiCo's results of operations would have been had such transactions been completed as of the dates indicated nor does it give effect to any other events.