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Corporate Profile

PepsiCo is a world leader in convenient snacks, foods, and beverages, with revenues of $60 billion and over 285,000 employees. PepsiCo owns some of the world's most popular brands, including Pepsi-Cola, Mountain Dew, Diet Pepsi, Lay's, Doritos, Tropicana, Gatorade, and Quaker. Our brands are available worldwide through a variety of go-to-market systems, including direct store delivery (DSD), broker-warehouse, and food service and vending.

PepsiCo was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay. Tropicana was acquired in 1998 and PepsiCo merged with the Quaker Oats Company, including Gatorade, in 2001.

Divisions

We report our operations results as follows, by six segments:

• PepsiCo Americas Beverages (PAB)
• Frito-Lay North America (FLNA)
• Quaker Foods North America (QFNA)
• Latin America Foods (LAF)
• Europe
• Asia, Middle East & Africa

Volume Reporting

Our operating divisions report volume based on the following measures:

Because our divisions each use different measures of physical unit volume, a common servings metric is necessary to reflect PepsiCo's consolidated physical unit volume. Our divisions' physical volume measures are converted into servings, based on U.S. Food and Drug Administration guidelines for single serving sizes of our products, as follows: