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Consolidated Financial Statements

Consolidated Balance Sheet

PepsiCo, Inc. and Subsidiaries
(in millions except per share amounts)

           
December 27, 2008 and December 29, 2007
 
2008
   
2007
ASSETS
         
Current Assets
         
Cash and cash equivalents
$
2,064
 
$
910
Short-term investments
 
213
   
1,571
Accounts and notes receivable, net
 
4,683
   
4,389
Inventories
 
2,522
   
2,290
Prepaid expenses and other current assets
 
1,324
   
991
Total Current Assets
 
10,806
   
10,151
Property, Plant and Equipment, net
 
11,663
   
11,228
Amortizable Intangible Assets, net
 
732
   
796
Goodwill
 
5,124
   
5,169
Other nonamortizable intangible assets
 
1,128
   
1,248
Nonamortizable Intangible Assets
 
6,252
   
6,417
Investments in Noncontrolled Affiliates
 
3,883
   
4,354
Other Assets
 
2,658
   
1,682
Total Assets
$
35,994
 
$
34,628
LIABILITIES AND SHAREHOLDERS’ EQUITY
         
Current Liabilities
         
Short-term obligations
$
369
 
$
Accounts payable and other current liabilities
 
8,273
   
7,602
Income taxes payable
 
145
   
151
Total Current Liabilities
 
8,787
   
7,753
Long-Term Debt Obligations
 
7,858
   
4,203
Other Liabilities
 
7,017
   
4,792
Deferred Income Taxes
 
226
   
646
Total Liabilities
 
23,888
   
17,394
Commitments and Contingencies
         
Preferred Stock, no par value
 
41
   
41
Repurchased Preferred Stock
 
(138
)
 
(132
)
Common Shareholders’ Equity
         
Common stock, par value 1 2/3 per share (authorized 3,600 shares, issued 1,782 shares)
 
30
   
30
Capital in excess of par value
 
351
   
450
Retained earnings
 
30,638
   
28,184
Accumulated other comprehensive loss
 
(4,694
)
 
(952
)
Repurchased common stock, at cost (229 and 177 shares, respectively)
 
(14,122
)
 
(10,387
)
Total Common Shareholders’ Equity
 
12,203
   
17,325
Total Liabilities and Shareholders’ Equity
$
35,994
 
$
34,628