(a)	Adjustments reflect the impact of changing Quaker's fiscal calendar to conform to PepsiCo's, conforming the accounting policies of the two companies applicable to interim periods, and certain reclassifications for gross profit and other impairment and restructuring charges.
(b)	Merger-related costs in 2001 (Note 2):
(c)	Other impairment and restructuring charges (Note 3):
(d)	The net income per common share amounts prior to the effective date of the merger are calculated by (1) combining the weighted average of pre-merger PepsiCo and Quaker common stock after adjusting the number of shares of Quaker common stock to reflect the exchange ratio of 2.3 shares of PepsiCo common stock for each share of Quaker common; and (2) dividing the combined net income by the result in (1) above.
(e)	Cash dividends declared per common share are those of pre-merger PepsiCo prior to the effective date of the merger.
(f)	Represents the composite high and low sales price and quarterly closing prices for one share of PepsiCo's common stock. Pre-merger amounts are those of PepsiCo prior to the effective date of the merger.
(g)	Fiscal year 2000 consisted of fifty-three weeks and 1999 consisted of fifty-two weeks. The impact for the fourth quarter and full year to net sales was an estimated $294, to operating profit was an estimated $62, and to net income was an estimated $44 or $0.02 per share.

<-- note 21

index of notes