%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 196.05 740.68505859375 m 415.8791015625 740.68505859375 l s q 0 0 0 rg BT 196.05 742.25 Td (PepsiCo, Inc. 2019 ) Tj ET Q q 0 0 0 rg BT 276.89 742.25 Td (Annual Meeting of Shar) Tj ET Q q 0 0 0 rg BT 379.77 742.25 Td (eholders) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 164.6 728.68505859375 m 444.062890625 728.68505859375 l s q 0 0 0 rg BT 164.60 730.25 Td (Reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 266.81 730.25 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 336.83 730.25 Td ( Information \(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 444.06 734.78 Td (1) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.18 706.25 Td (discussing ) Tj ET Q q 0 0 0 rg BT 105.70 706.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.53 706.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 174.99 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.06 706.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 231.80 706.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 257.41 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.03 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.10 706.25 Td (following ) Tj ET Q q 0 0 0 rg BT 324.84 706.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 364.90 706.25 Td (which ) Tj ET Q q 0 0 0 rg BT 392.19 706.25 Td (are ) Tj ET Q q 0 0 0 rg BT 407.24 706.25 Td (not ) Tj ET Q q 0 0 0 rg BT 422.87 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.50 706.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 481.31 706.25 Td (with ) Tj ET Q q 0 0 0 rg BT 501.94 706.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 522.58 706.25 Td (Generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Accepted ) Tj ET Q q 0 0 0 rg BT 89.30 694.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 137.93 694.25 Td (Principles ) Tj ET Q q 0 0 0 rg BT 179.90 694.25 Td (\(GAAP\): ) Tj ET Q q 0 0 0 rg BT 218.55 694.25 Td (core ) Tj ET Q q 0 0 0 rg BT 237.73 694.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 268.32 694.25 Td (core ) Tj ET Q q 0 0 0 rg BT 287.51 694.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 322.81 694.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 359.77 694.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 390.35 694.25 Td (or) Tj ET Q q 0 0 0 rg BT 398.50 694.25 Td (ganic ) Tj ET Q q 0 0 0 rg BT 422.14 694.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 452.73 694.25 Td (free ) Tj ET Q q 0 0 0 rg BT 470.24 694.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 489.99 694.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 510.30 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.72 694.25 Td (free ) Tj ET Q q 0 0 0 rg BT 544.23 694.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 71.16 682.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 113.42 682.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 143.44 682.25 Td (items. ) Tj ET Q q 0 0 0 rg BT 170.23 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 178.87 682.25 Td (e ) Tj ET Q q 0 0 0 rg BT 186.13 682.25 Td (use ) Tj ET Q q 0 0 0 rg BT 202.29 682.25 Td (these ) Tj ET Q q 0 0 0 rg BT 225.66 682.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 270.85 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.67 682.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.48 682.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 351.51 682.25 Td (internally ) Tj ET Q q 0 0 0 rg BT 392.66 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.27 682.25 Td (make ) Tj ET Q q 0 0 0 rg BT 427.75 682.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 468.34 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.60 682.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 522.30 682.25 Td (decisions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (including ) Tj ET Q q 0 0 0 rg BT 89.28 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.00 670.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 150.03 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.87 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.70 670.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 202.86 670.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 242.13 670.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 263.35 670.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 306.50 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.34 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.17 670.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 360.44 670.25 Td (business ) Tj ET Q q 0 0 0 rg BT 395.83 670.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 447.86 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.80 670.25 Td (as ) Tj ET Q q 0 0 0 rg BT 473.64 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 479.58 670.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 504.40 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.68 670.25 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.84 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 123.81 658.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 154.31 658.25 Td (employees.) Tj ET Q q 0 0 0 rg BT 201.89 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 210.53 658.25 Td (e ) Tj ET Q q 0 0 0 rg BT 218.27 658.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 250.45 658.25 Td (presenting ) Tj ET Q q 0 0 0 rg BT 295.40 658.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 340.59 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 343.89 658.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 382.17 658.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 422.68 658.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 460.42 658.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 503.72 658.25 Td (information ) Tj ET Q q 0 0 0 rg BT 554.23 658.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 88.04 646.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 137.77 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.16 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.56 646.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 205.84 646.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 246.67 646.25 Td (results ) Tj ET Q q 0 0 0 rg BT 275.85 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.36 646.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 320.86 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.71 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 348.11 646.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 394.50 646.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 435.33 646.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 467.01 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.51 646.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 522.02 646.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (transparency ) Tj ET Q q 0 0 0 rg BT 102.61 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 114.14 634.25 Td (how ) Tj ET Q q 0 0 0 rg BT 132.88 634.25 Td (we ) Tj ET Q q 0 0 0 rg BT 146.07 634.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 180.91 634.25 Td (our ) Tj ET Q q 0 0 0 rg BT 195.76 634.25 Td (business.) Tj ET Q q 0 0 0 rg BT 234.47 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 243.11 634.25 Td (e ) Tj ET Q q 0 0 0 rg BT 249.07 634.25 Td (also ) Tj ET Q q 0 0 0 rg BT 266.71 634.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 297.11 634.25 Td (presenting ) Tj ET Q q 0 0 0 rg BT 340.29 634.25 Td (these ) Tj ET Q q 0 0 0 rg BT 362.36 634.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 401.09 634.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 428.73 634.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 466.36 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.67 634.25 Td (view ) Tj ET Q q 0 0 0 rg BT 496.63 634.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.49 634.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (using ) Tj ET Q q 0 0 0 rg BT 74.17 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.89 622.25 Td (same ) Tj ET Q q 0 0 0 rg BT 111.93 622.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 151.64 622.25 Td (that ) Tj ET Q q 0 0 0 rg BT 169.14 622.25 Td (we ) Tj ET Q q 0 0 0 rg BT 183.30 622.25 Td (use ) Tj ET Q q 0 0 0 rg BT 199.13 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.40 622.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 253.55 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 269.38 622.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.87 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.80 622.25 Td (business ) Tj ET Q q 0 0 0 rg BT 360.20 622.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 413.22 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.16 622.25 Td (trends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 601.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.67 601.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 102.14 601.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 151.94 601.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.97 601.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 213.77 601.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 243.57 601.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.94 601.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 293.75 601.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 328.55 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.93 601.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 365.41 601.25 Td (for ) Tj ET Q q 0 0 0 rg BT 379.66 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.47 601.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 424.27 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.20 601.25 Td (items ) Tj ET Q q 0 0 0 rg BT 459.45 601.25 Td (that ) Tj ET Q q 0 0 0 rg BT 477.04 601.25 Td (may ) Tj ET Q q 0 0 0 rg BT 496.85 601.25 Td (be ) Tj ET Q q 0 0 0 rg BT 508.88 601.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 553.69 601.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.38 589.25 Td (could ) Tj ET Q q 0 0 0 rg BT 91.98 589.25 Td (af) Tj ET Q q 0 0 0 rg BT 99.57 589.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 116.93 589.25 Td (an ) Tj ET Q q 0 0 0 rg BT 128.75 589.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 187.79 589.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.51 589.25 Td (our ) Tj ET Q q 0 0 0 rg BT 214.22 589.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 249.38 589.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.74 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.56 589.25 Td (business ) Tj ET Q q 0 0 0 rg BT 339.84 589.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 392.74 589.25 Td (or ) Tj ET Q q 0 0 0 rg BT 403.46 589.25 Td (trends.Examples ) Tj ET Q q 0 0 0 rg BT 474.71 589.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.42 589.25 Td (items ) Tj ET Q q 0 0 0 rg BT 509.47 589.25 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 589.25 Td (which ) Tj ET Q q 0 0 0 rg BT 550.34 589.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.30 577.25 Td (make ) Tj ET Q q 0 0 0 rg BT 95.04 577.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 145.89 577.25 Td (include: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.19 577.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 218.16 577.25 Td (related ) Tj ET Q q 0 0 0 rg BT 248.44 577.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.30 577.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 325.13 577.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 349.32 577.25 Td (or ) Tj ET Q q 0 0 0 rg BT 360.74 577.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 387.71 577.25 Td (\(non-cash\); ) Tj ET Q q 0 0 0 rg BT 436.33 577.25 Td (char) Tj ET Q q 0 0 0 rg BT 453.36 577.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 469.77 577.25 Td (related ) Tj ET Q q 0 0 0 rg BT 500.05 577.25 Td (to ) Tj ET Q q 0 0 0 rg BT 510.92 577.25 Td (restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (programs; ) Tj ET Q q 0 0 0 rg BT 92.95 565.25 Td (char) Tj ET Q q 0 0 0 rg BT 109.98 565.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 125.71 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 136.44 565.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 186.62 565.25 Td (related ) Tj ET Q q 0 0 0 rg BT 216.23 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.41 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.03 565.25 Td (enactment ) Tj ET Q q 0 0 0 rg BT 284.52 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.26 565.25 Td (new ) Tj ET Q q 0 0 0 rg BT 314.32 565.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 337.56 565.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 359.40 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 370.13 565.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 419.47 565.25 Td (such ) Tj ET Q q 0 0 0 rg BT 440.20 565.25 Td (as ) Tj ET Q q 0 0 0 rg BT 450.94 565.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 495.55 565.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 510.17 565.25 Td (law ) Tj ET Q q 0 0 0 rg BT 527.02 565.25 Td (changes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.83 553.25 Td (related ) Tj ET Q q 0 0 0 rg BT 116.98 553.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.71 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.87 553.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 185.81 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.09 553.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 212.25 553.25 Td (positions; ) Tj ET Q q 0 0 0 rg BT 254.10 553.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.26 553.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 303.86 553.25 Td (related ) Tj ET Q q 0 0 0 rg BT 334.01 553.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.74 553.25 Td (reor) Tj ET Q q 0 0 0 rg BT 360.65 553.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 409.14 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.42 553.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.70 553.25 Td (operations; ) Tj ET Q q 0 0 0 rg BT 484.08 553.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 520.91 553.25 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.48 541.25 Td (mer) Tj ET Q q 0 0 0 rg BT 85.85 541.25 Td (gers, ) Tj ET Q q 0 0 0 rg BT 107.71 541.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 160.69 541.25 Td (divestitures ) Tj ET Q q 0 0 0 rg BT 209.50 541.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.65 541.25 Td (other ) Tj ET Q q 0 0 0 rg BT 249.90 541.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 290.37 541.25 Td (changes; ) Tj ET Q q 0 0 0 rg BT 328.06 541.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 347.98 541.25 Td (redemptions, ) Tj ET Q q 0 0 0 rg BT 402.62 541.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 423.09 541.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 450.78 541.25 Td (or ) Tj ET Q q 0 0 0 rg BT 461.82 541.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 502.28 541.25 Td (of) Tj ET Q q 0 0 0 rg BT 510.42 541.25 Td (fers; ) Tj ET Q q 0 0 0 rg BT 530.90 541.25 Td (pension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 529.25 Td (retiree ) Tj ET Q q 0 0 0 rg BT 94.97 529.25 Td (medical ) Tj ET Q q 0 0 0 rg BT 129.12 529.25 Td (related ) Tj ET Q q 0 0 0 rg BT 158.82 529.25 Td (items; ) Tj ET Q q 0 0 0 rg BT 185.77 529.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 207.71 529.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 260.20 529.25 Td (\(non-cash\); ) Tj ET Q q 0 0 0 rg BT 308.23 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.17 529.25 Td (remeasurements ) Tj ET Q q 0 0 0 rg BT 392.64 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.47 529.25 Td (net ) Tj ET Q q 0 0 0 rg BT 418.19 529.25 Td (monetary ) Tj ET Q q 0 0 0 rg BT 458.45 529.25 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.28 529.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 97.41 508.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.48 508.25 Td (information ) Tj ET Q q 0 0 0 rg BT 150.76 508.25 Td (should ) Tj ET Q q 0 0 0 rg BT 180.50 508.25 Td (be ) Tj ET Q q 0 0 0 rg BT 193.00 508.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 239.39 508.25 Td (as ) Tj ET Q q 0 0 0 rg BT 250.79 508.25 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 307.18 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.02 508.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 346.08 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.58 508.25 Td (is ) Tj ET Q q 0 0 0 rg BT 373.32 508.25 Td (not ) Tj ET Q q 0 0 0 rg BT 389.17 508.25 Td (meant ) Tj ET Q q 0 0 0 rg BT 416.67 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.52 508.25 Td (be ) Tj ET Q q 0 0 0 rg BT 440.03 508.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 486.41 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.26 508.25 Td (isolation ) Tj ET Q q 0 0 0 rg BT 534.77 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 546.17 508.25 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 508.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (substitute ) Tj ET Q q 0 0 0 rg BT 91.55 496.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.42 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.85 496.25 Td (related ) Tj ET Q q 0 0 0 rg BT 152.27 496.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.46 496.25 Td (information ) Tj ET Q q 0 0 0 rg BT 240.88 496.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 279.07 496.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.06 496.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 338.24 496.25 Td (with ) Tj ET Q q 0 0 0 rg BT 359.23 496.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 380.22 496.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 406.34 496.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.06 496.25 Td (In ) Tj ET Q q 0 0 0 rg BT 423.60 496.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 462.08 496.25 Td (our ) Tj ET Q q 0 0 0 rg BT 478.63 496.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 523.81 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 527.03 496.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 89.71 484.25 Td (may ) Tj ET Q q 0 0 0 rg BT 109.42 484.25 Td (not ) Tj ET Q q 0 0 0 rg BT 124.70 484.25 Td (be ) Tj ET Q q 0 0 0 rg BT 136.64 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.36 484.25 Td (same ) Tj ET Q q 0 0 0 rg BT 174.40 484.25 Td (as ) Tj ET Q q 0 0 0 rg BT 185.23 484.25 Td (or ) Tj ET Q q 0 0 0 rg BT 196.06 484.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 245.21 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.48 484.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 285.76 484.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 330.94 484.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.44 484.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 373.15 484.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 413.96 484.25 Td (by ) Tj ET Q q 0 0 0 rg BT 426.46 484.25 Td (other ) Tj ET Q q 0 0 0 rg BT 449.51 484.25 Td (companies.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (Mark-to-market ) Tj ET Q q 0 0 0 rg BT 116.37 463.25 Td (net ) Tj ET Q q 0 0 0 rg BT 131.08 463.25 Td (impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (Mark-to-market ) Tj ET Q q 0 0 0 rg BT 117.08 448.25 Td (net ) Tj ET Q q 0 0 0 rg BT 132.52 448.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 156.86 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.52 448.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 201.63 448.25 Td (on ) Tj ET Q q 0 0 0 rg BT 214.85 448.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 263.63 448.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 310.72 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.72 448.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 362.70 448.25 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 412.01 448.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 453.60 448.25 Td (These ) Tj ET Q q 0 0 0 rg BT 480.70 448.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 505.03 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.69 448.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 549.81 448.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 104.68 436.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 142.11 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.35 436.25 Td (division ) Tj ET Q q 0 0 0 rg BT 187.04 436.25 Td (results ) Tj ET Q q 0 0 0 rg BT 215.61 436.25 Td (when ) Tj ET Q q 0 0 0 rg BT 239.73 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.40 436.25 Td (divisions ) Tj ET Q q 0 0 0 rg BT 292.98 436.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 334.31 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.98 436.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 367.55 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.34 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.02 436.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 438.81 436.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 486.82 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.06 436.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 537.29 436.25 Td (profit.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 191.56 418.25 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 90.27 403.25 Td (related ) Tj ET Q q 0 0 0 rg BT 119.97 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.25 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.97 403.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 189.12 403.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 240.50 403.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 264.11 403.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 299.38 403.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 345.20 403.25 Td (on ) Tj ET Q q 0 0 0 rg BT 357.70 403.25 Td (February ) Tj ET Q q 0 0 0 rg BT 396.29 403.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 411.29 403.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 433.79 403.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.73 403.25 Td (in ) Tj ET Q q 0 0 0 rg BT 461.01 403.25 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.01 403.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (Inventory fair value adjustments and mer) Tj ET Q q 0 0 0 rg BT 214.88 385.25 Td (ger and integration char) Tj ET Q q 0 0 0 rg BT 313.11 385.25 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Char) Tj ET Q q 0 0 0 rg BT 69.26 370.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 84.92 370.25 Td (related ) Tj ET Q q 0 0 0 rg BT 114.46 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.57 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.23 370.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 186.45 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.11 370.25 Td (SodaStream ) Tj ET Q q 0 0 0 rg BT 247.77 370.25 Td (International ) Tj ET Q q 0 0 0 rg BT 301.20 370.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 322.42 370.25 Td (including ) Tj ET Q q 0 0 0 rg BT 362.52 370.25 Td (incremental ) Tj ET Q q 0 0 0 rg BT 412.06 370.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 434.39 370.25 Td (related ) Tj ET Q q 0 0 0 rg BT 463.93 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.04 370.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.25 370.25 Td (value ) Tj ET Q q 0 0 0 rg BT 514.24 370.25 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 358.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 111.92 358.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 149.59 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 154.59 358.25 Td (as ) Tj ET Q q 0 0 0 rg BT 165.42 358.25 Td (well ) Tj ET Q q 0 0 0 rg BT 185.14 358.25 Td (as ) Tj ET Q q 0 0 0 rg BT 195.97 358.25 Td (mer) Tj ET Q q 0 0 0 rg BT 211.34 358.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 226.61 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.54 358.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 289.37 358.25 Td (char) Tj ET Q q 0 0 0 rg BT 306.39 358.25 Td (ges. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.64 340.25 Td (ax benefit/net tax expense r) Tj ET Q q 0 0 0 rg BT 163.67 340.25 Td (elated to the T) Tj ET Q q 0 0 0 rg BT 220.24 340.25 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 291.17 340.25 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (During ) Tj ET Q q 0 0 0 rg BT 79.75 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.39 325.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 119.26 325.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 148.99 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.75 325.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 182.67 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.21 325.25 Td (T) Tj ET Q q 0 0 0 rg BT 201.62 325.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 212.48 325.25 Td (Cuts ) Tj ET Q q 0 0 0 rg BT 232.24 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.10 325.25 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 267.00 325.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 282.86 325.25 Td (\(TCJ ) Tj ET Q q 0 0 0 rg BT 303.97 325.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 323.16 325.25 Td (was ) Tj ET Q q 0 0 0 rg BT 340.14 325.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 372.09 325.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.29 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.93 325.25 Td (United ) Tj ET Q q 0 0 0 rg BT 423.57 325.25 Td (States.) Tj ET Q q 0 0 0 rg BT 451.91 325.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 483.33 325.25 Td (its ) Tj ET Q q 0 0 0 rg BT 494.20 325.25 Td (many ) Tj ET Q q 0 0 0 rg BT 517.84 325.25 Td (provisions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.50 313.25 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 83.08 313.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 99.97 313.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 136.32 313.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.21 313.25 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 188.43 313.25 Td (one-time ) Tj ET Q q 0 0 0 rg BT 226.43 313.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 266.66 313.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 281.33 313.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.79 313.25 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 349.02 313.25 Td (international ) Tj ET Q q 0 0 0 rg BT 402.01 313.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 438.34 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.24 313.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 489.34 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.01 313.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 524.25 313.25 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.28 301.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.35 301.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 112.18 301.25 Td (from ) Tj ET Q q 0 0 0 rg BT 133.47 301.25 Td (35% ) Tj ET Q q 0 0 0 rg BT 153.65 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.28 301.25 Td (21%, ) Tj ET Q q 0 0 0 rg BT 185.96 301.25 Td (ef) Tj ET Q q 0 0 0 rg BT 193.55 301.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 222.60 301.25 Td (January ) Tj ET Q q 0 0 0 rg BT 255.55 301.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 264.90 301.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 289.25 301.25 Td (In ) Tj ET Q q 0 0 0 rg BT 299.43 301.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 330.71 301.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 377.00 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.63 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.70 301.25 Td (enactment ) Tj ET Q q 0 0 0 rg BT 443.64 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.82 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.75 301.25 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 485.86 301.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 504.65 301.25 Td (we ) Tj ET Q q 0 0 0 rg BT 518.16 301.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 289.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.42 289.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 128.57 289.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 156.62 289.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 195.22 289.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 238.81 289.25 Td (therewith. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (While ) Tj ET Q q 0 0 0 rg BT 76.97 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 92.83 271.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 139.23 271.25 Td (for ) Tj ET Q q 0 0 0 rg BT 153.42 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.17 271.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 205.68 271.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 235.42 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.28 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.85 271.25 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 279.49 271.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 296.46 271.25 Td (as ) Tj ET Q q 0 0 0 rg BT 307.32 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.19 271.25 Td (December ) Tj ET Q q 0 0 0 rg BT 361.80 271.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 376.83 271.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 399.37 271.25 Td (was ) Tj ET Q q 0 0 0 rg BT 417.45 271.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 451.07 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.38 271.25 Td (be ) Tj ET Q q 0 0 0 rg BT 473.35 271.25 Td (complete, ) Tj ET Q q 0 0 0 rg BT 515.04 271.25 Td (this ) Tj ET Q q 0 0 0 rg BT 532.02 271.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (was ) Tj ET Q q 0 0 0 rg BT 68.36 259.25 Td (based ) Tj ET Q q 0 0 0 rg BT 93.93 259.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.74 259.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 150.08 259.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 197.32 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.57 259.25 Td (available ) Tj ET Q q 0 0 0 rg BT 253.46 259.25 Td (information ) Tj ET Q q 0 0 0 rg BT 303.48 259.25 Td (as ) Tj ET Q q 0 0 0 rg BT 314.61 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.75 259.25 Td (December ) Tj ET Q q 0 0 0 rg BT 369.64 259.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 384.94 259.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 410.25 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.49 259.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 470.29 259.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 509.18 259.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 536.99 259.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 259.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 83.59 247.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 121.08 247.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 153.56 247.25 Td (\(IRS\) ) Tj ET Q q 0 0 0 rg BT 178.29 247.25 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 219.94 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.88 247.25 Td (may ) Tj ET Q q 0 0 0 rg BT 256.59 247.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 293.53 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.80 247.25 Td (impact, ) Tj ET Q q 0 0 0 rg BT 336.02 247.25 Td (our ) Tj ET Q q 0 0 0 rg BT 351.85 247.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 389.32 247.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 425.71 247.25 Td (after ) Tj ET Q q 0 0 0 rg BT 446.52 247.25 Td (December ) Tj ET Q q 0 0 0 rg BT 490.11 247.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 505.11 247.25 Td (2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.61 247.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (Other net tax benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.64 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.17 214.25 Td (year ) Tj ET Q q 0 0 0 rg BT 94.69 214.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 120.88 214.25 Td (December ) Tj ET Q q 0 0 0 rg BT 164.28 214.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 179.10 214.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 203.91 214.25 Td (other ) Tj ET Q q 0 0 0 rg BT 226.77 214.25 Td (net ) Tj ET Q q 0 0 0 rg BT 241.30 214.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.83 214.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 289.80 214.25 Td (related ) Tj ET Q q 0 0 0 rg BT 319.31 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.41 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.94 214.25 Td (reor) Tj ET Q q 0 0 0 rg BT 359.85 214.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 403.82 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.46 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 430.11 214.25 Td (international ) Tj ET Q q 0 0 0 rg BT 482.96 214.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 526.92 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.68 214.25 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.07 202.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 84.60 202.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 118.56 202.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 161.96 202.25 Td (with ) Tj ET Q q 0 0 0 rg BT 182.04 202.25 Td (both ) Tj ET Q q 0 0 0 rg BT 202.13 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.65 202.25 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 262.28 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.92 202.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 302.43 202.25 Td (international ) Tj ET Q q 0 0 0 rg BT 355.27 202.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 369.79 202.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 395.99 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.73 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.37 202.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 472.31 202.25 Td (with ) Tj ET Q q 0 0 0 rg BT 492.40 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.92 202.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 524.79 202.25 Td (resolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.50 190.25 Td (open ) Tj ET Q q 0 0 0 rg BT 84.43 190.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 116.37 190.25 Td (related ) Tj ET Q q 0 0 0 rg BT 146.07 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.35 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.06 190.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 197.45 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.28 190.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 239.65 190.25 Td (years ) Tj ET Q q 0 0 0 rg BT 263.25 190.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 285.75 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.69 190.25 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.19 190.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (Char) Tj ET Q q 0 0 0 rg BT 70.19 172.25 Td (ges r) Tj ET Q q 0 0 0 rg BT 89.54 172.25 Td (elated to cash tender and exchange offers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (In ) Tj ET Q q 0 0 0 rg BT 62.33 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.56 157.25 Td (year ) Tj ET Q q 0 0 0 rg BT 99.77 157.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 127.65 157.25 Td (December ) Tj ET Q q 0 0 0 rg BT 172.74 157.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 189.24 157.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 215.75 157.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.19 157.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 285.40 157.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.18 157.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 345.06 157.25 Td (with ) Tj ET Q q 0 0 0 rg BT 366.84 157.25 Td (our ) Tj ET Q q 0 0 0 rg BT 384.18 157.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 405.95 157.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 434.94 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.38 157.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 495.14 157.25 Td (of) Tj ET Q q 0 0 0 rg BT 503.29 157.25 Td (fers, ) Tj ET Q q 0 0 0 rg BT 524.79 157.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 101.92 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.64 145.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 144.13 145.25 Td (price ) Tj ET Q q 0 0 0 rg BT 166.61 145.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 186.33 145.25 Td (over ) Tj ET Q q 0 0 0 rg BT 206.60 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.31 145.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 257.13 145.25 Td (value ) Tj ET Q q 0 0 0 rg BT 281.28 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.11 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.83 145.25 Td (tendered ) Tj ET Q q 0 0 0 rg BT 343.75 145.25 Td (notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.36 145.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (Fr) Tj ET Q q 0 0 0 rg BT 59.63 127.25 Td (ee cash flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.76 112.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 88.85 112.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 127.71 112.25 Td (by ) Tj ET Q q 0 0 0 rg BT 141.03 112.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 182.11 112.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 221.53 112.25 Td (less ) Tj ET Q q 0 0 0 rg BT 239.85 112.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 269.82 112.25 Td (spending, ) Tj ET Q q 0 0 0 rg BT 311.75 112.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 331.74 112.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 354.50 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.15 112.25 Td (property) Tj ET Q q 0 0 0 rg BT 399.37 112.25 Td (, ) Tj ET Q q 0 0 0 rg BT 405.19 112.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 428.51 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.26 112.25 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 494.30 112.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 519.83 112.25 Td (net ) Tj ET Q q 0 0 0 rg BT 535.37 112.25 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 77.33 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.25 72.80 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.75 72.80 Td (For a full discussion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.75 72.80 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 123.75 72.80 Td (of our first quarter 2019 financial r) Tj ET Q q 0 0 0 rg BT 237.24 72.80 Td (esults, including definitions we use in discussing our financial r) Tj ET Q q 0 0 0 rg BT 440.94 72.80 Td (esults, please r) Tj ET Q q 0 0 0 rg BT 488.42 72.80 Td (efer to our pr) Tj ET Q q 0 0 0 rg BT 531.01 72.80 Td (ess ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 1 J 1 j 3 M 50 93 m 194 93 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.50 63.20 Td (r) Tj ET Q q 0 0 0 rg BT 57.32 63.20 Td (elease issued ) Tj ET Q q 0 0 0 rg BT 101.16 63.20 Td (April 17, 2019 and our quarterly r) Tj ET Q q 0 0 0 rg BT 211.31 63.20 Td (eport on Form 10-Q filed with the Securities and Exchange Commission \(SEC\) on ) Tj ET Q q 0 0 0 rg BT 476.24 63.20 Td (April 17, 2019. For a full ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.50 53.60 Td (discussion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.84 53.60 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 89.84 53.60 Td (of our full year 2018 financial r) Tj ET Q q 0 0 0 rg BT 191.31 53.60 Td (esults, including definitions we use in discussing our financial r) Tj ET Q q 0 0 0 rg BT 395.01 53.60 Td (esults, please r) Tj ET Q q 0 0 0 rg BT 442.49 53.60 Td (efer to our pr) Tj ET Q q 0 0 0 rg BT 485.08 53.60 Td (ess r) Tj ET Q q 0 0 0 rg BT 499.67 53.60 Td (elease issued ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.50 44.00 Td (February 15, 2019 and our ) Tj ET Q q 0 0 0 rg BT 143.68 44.00 Td (Annual Report on Form 10-K for the fiscal year ended December 29, 2018 filed with the SEC on February 15, 2019.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 89.45 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 99.47 742.10 Td (essential ) Tj ET Q q 0 0 0 rg BT 137.24 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.37 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.04 742.10 Td (product ) Tj ET Q q 0 0 0 rg BT 198.93 742.10 Td (innovation ) Tj ET Q q 0 0 0 rg BT 245.05 742.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 287.83 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.61 742.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 356.72 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.40 742.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 421.72 742.10 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 473.10 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 488.11 742.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 520.32 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 538.66 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 557.58 742.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 88.94 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.67 730.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 146.83 730.10 Td (use ) Tj ET Q q 0 0 0 rg BT 162.46 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.08 730.10 Td (cash. ) Tj ET Q q 0 0 0 rg BT 195.14 730.10 Td (As ) Tj ET Q q 0 0 0 rg BT 208.54 730.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 231.67 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 245.62 730.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 276.79 730.10 Td (investorsshould ) Tj ET Q q 0 0 0 rg BT 344.36 730.10 Td (also ) Tj ET Q q 0 0 0 rg BT 362.76 730.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 398.93 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 413.44 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 442.39 730.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 480.79 730.10 Td (when ) Tj ET Q q 0 0 0 rg BT 504.75 730.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 548.69 730.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 92.21 718.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 132.47 718.10 Td (activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 70.19 700.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 90.37 700.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 111.12 700.10 Td (is ) Tj ET Q q 0 0 0 rg BT 120.21 700.10 Td (used ) Tj ET Q q 0 0 0 rg BT 140.96 700.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.38 700.10 Td (us ) Tj ET Q q 0 0 0 rg BT 164.69 700.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 204.32 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.40 700.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 258.58 700.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 299.60 700.10 Td (including ) Tj ET Q q 0 0 0 rg BT 339.79 700.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 359.42 700.10 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 410.44 700.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 451.74 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.60 700.10 Td (share ) Tj ET Q q 0 0 0 rg BT 492.11 700.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 544.23 700.10 Td (Free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.61 688.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 91.78 688.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.29 688.10 Td (not ) Tj ET Q q 0 0 0 rg BT 116.91 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.19 688.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 160.35 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.52 688.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 192.13 688.10 Td (available ) Tj ET Q q 0 0 0 rg BT 231.06 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.56 688.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 300.60 688.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 354.53 688.10 Td (since ) Tj ET Q q 0 0 0 rg BT 377.92 688.10 Td (we ) Tj ET Q q 0 0 0 rg BT 392.42 688.10 Td (have ) Tj ET Q q 0 0 0 rg BT 414.14 688.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 444.18 688.10 Td (non-discretionary ) Tj ET Q q 0 0 0 rg BT 517.56 688.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 676.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.66 676.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 101.38 676.10 Td (service ) Tj ET Q q 0 0 0 rg BT 132.19 676.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.69 676.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.39 676.10 Td (not ) Tj ET Q q 0 0 0 rg BT 179.67 676.10 Td (deducted ) Tj ET Q q 0 0 0 rg BT 218.27 676.10 Td (from ) Tj ET Q q 0 0 0 rg BT 240.21 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.92 676.10 Td (measure. ) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 84.39 658.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.66 658.10 Td (spending:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.10 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.60 658.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 187.98 658.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 226.59 658.10 Td (less ) Tj ET Q q 0 0 0 rg BT 244.09 658.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 264.36 658.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 302.39 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 324.33 658.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 346.27 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.10 658.10 Td (property) Tj ET Q q 0 0 0 rg BT 390.33 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.33 658.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 417.82 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.76 658.10 Td (equipment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 59.63 640.10 Td (ee cash flow excluding certain items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 70.27 625.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 90.53 625.10 Td (flow) Tj ET Q q 0 0 0 rg BT 108.21 625.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.21 625.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 155.14 625.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 195.96 625.10 Td (related ) Tj ET Q q 0 0 0 rg BT 225.66 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.93 625.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 289.52 625.10 Td (char) Tj ET Q q 0 0 0 rg BT 306.55 625.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 324.88 625.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 379.58 625.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 413.18 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.12 625.10 Td (retiree ) Tj ET Q q 0 0 0 rg BT 458.14 625.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 492.29 625.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 547.56 625.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.18 613.10 Td (related ) Tj ET Q q 0 0 0 rg BT 95.35 613.10 Td (net ) Tj ET Q q 0 0 0 rg BT 110.53 613.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.27 613.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 146.45 613.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 181.07 613.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 225.13 613.10 Td (with ) Tj ET Q q 0 0 0 rg BT 245.88 613.10 Td (both ) Tj ET Q q 0 0 0 rg BT 266.62 613.10 Td (these ) Tj ET Q q 0 0 0 rg BT 290.14 613.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 317.27 613.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 332.45 613.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 373.74 613.10 Td (related ) Tj ET Q q 0 0 0 rg BT 403.91 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.66 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.62 613.10 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 448.61 613.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 468.51 613.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.81 613.10 Td (well ) Tj ET Q q 0 0 0 rg BT 499.99 613.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.29 613.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 541.46 613.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (items. ) Tj ET Q q 0 0 0 rg BT 75.87 601.10 Td (As ) Tj ET Q q 0 0 0 rg BT 89.18 601.10 Td (free ) Tj ET Q q 0 0 0 rg BT 106.91 601.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 126.88 601.10 Td (flow) Tj ET Q q 0 0 0 rg BT 144.56 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 149.25 601.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 190.88 601.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 220.27 601.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 246.63 601.10 Td (is ) Tj ET Q q 0 0 0 rg BT 255.50 601.10 Td (an ) Tj ET Q q 0 0 0 rg BT 267.13 601.10 Td (important ) Tj ET Q q 0 0 0 rg BT 308.20 601.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 343.71 601.10 Td (used ) Tj ET Q q 0 0 0 rg BT 364.24 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.21 601.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 408.07 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.59 601.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 443.55 601.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 464.08 601.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 519.29 601.10 Td (we ) Tj ET Q q 0 0 0 rg BT 533.15 601.10 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.60 589.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 111.78 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.93 589.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 149.39 589.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 185.98 589.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 224.24 589.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.38 589.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 292.96 589.10 Td (information ) Tj ET Q q 0 0 0 rg BT 342.32 589.10 Td (when ) Tj ET Q q 0 0 0 rg BT 366.13 589.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 409.93 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.41 589.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 445.33 589.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.91 589.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.83 589.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 547.57 589.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (below ) Tj ET Q q 0 0 0 rg BT 76.94 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 91.11 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.05 577.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 155.53 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.36 577.10 Td (this ) Tj ET Q q 0 0 0 rg BT 183.31 577.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 228.50 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.00 577.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.49 577.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 304.31 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.59 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.31 577.10 Td (most ) Tj ET Q q 0 0 0 rg BT 351.26 577.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 384.31 577.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 433.45 577.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 470.94 577.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 506.76 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.04 577.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.98 565.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 91.97 565.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 118.82 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.03 565.10 Td (\(operating ) Tj ET Q q 0 0 0 rg BT 166.32 565.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 187.29 565.10 Td (flow\). ) Tj ET Q q 0 0 0 rg BT 214.66 565.10 Td (In ) Tj ET Q q 0 0 0 rg BT 226.19 565.10 Td (future ) Tj ET Q q 0 0 0 rg BT 253.27 565.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 280.07 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 294.94 565.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 324.23 565.10 Td (this ) Tj ET Q q 0 0 0 rg BT 341.88 565.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 378.40 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.38 565.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 423.68 565.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 466.88 565.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 508.40 565.10 Td (related ) Tj ET Q q 0 0 0 rg BT 538.81 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 565.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 95.39 553.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 135.80 553.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.64 553.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 184.38 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.34 553.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 215.47 553.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 244.21 553.10 Td (as ) Tj ET Q q 0 0 0 rg BT 255.17 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.13 553.10 Td (December ) Tj ET Q q 0 0 0 rg BT 309.84 553.10 Td (29, ) Tj ET Q q 0 0 0 rg BT 324.97 553.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 350.10 553.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.17 553.10 Td (we ) Tj ET Q q 0 0 0 rg BT 391.46 553.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 430.18 553.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 458.91 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.31 553.10 Td (be ) Tj ET Q q 0 0 0 rg BT 481.38 553.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 501.23 553.10 Td (over ) Tj ET Q q 0 0 0 rg BT 521.63 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.47 553.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 72.50 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.78 541.10 Td (2026 ) Tj ET Q q 0 0 0 rg BT 105.28 541.10 Td (under ) Tj ET Q q 0 0 0 rg BT 130.55 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.26 541.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 189.43 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.26 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.80 541.10 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 233.42 541.10 Td (Act.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.60 756.65 Td (PepsiCo, Inc. and Subsidiaries) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.85 745.85 Td (Reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 295.84 745.85 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 358.85 745.85 Td ( Information) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.45 735.05 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 48.45 Td (Note Certain amounts above may not sum due to r) Tj ET Q q 0 0 0 rg BT 216.80 48.45 Td (ounding. ) Tj ET Q q 0 0 0 rg BT 266.00 48.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 27.45 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 708.75 Td (Net Revenue Gr) Tj ET Q q 0 0 0 rg BT 118.19 708.75 Td (owth Reconciliation) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 623.25 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 623.25 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 623.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 623.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 623.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 623.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 623.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 623.25 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 593.25 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 593.25 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 593.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 593.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 593.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 593.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 593.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 593.25 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 563.25 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 563.25 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 563.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 563.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 563.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 563.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 563.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 563.25 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 533.25 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 533.25 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 533.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 533.25 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 533.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 533.25 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 533.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 531.50 533.25 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 679.25 m 422.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 679.25 m 426.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 679.25 m 471.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 679.25 m 475.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 679.25 m 527.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 679.25 m 531.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 679.25 m 588.5 679.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 664.25 m 471.5 664.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 664.25 m 475.5 664.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 664.25 m 527.5 664.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 623.25 m 422.5 623.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 623.25 m 471.5 623.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 623.25 m 527.5 623.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 623.25 m 588.5 623.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 623.25 m 422.5 623.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 623.25 m 471.5 623.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 623.25 m 527.5 623.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 531.5 623.25 m 588.5 623.25 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.20 683.51 Td (12 ) Tj ET Q q 0 0 0 rg BT 432.37 683.51 Td (W) Tj ET Q q 0 0 0 rg BT 440.42 683.51 Td (eeks Ended March 23, 2019) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 461.10 668.71 Td (Impact of) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 381.50 654.71 Td (Reported ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.25 645.71 Td (% Change, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.90 636.71 Td (GAAP) Tj ET Q q 0 0 0 rg BT 410.07 636.71 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 627.71 Td (Measure) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 434.50 645.71 Td (Foreign) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 431.50 636.71 Td (exchange) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 429.50 627.71 Td (translation) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 478.20 645.71 Td (Acquisitions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 636.71 Td (and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 627.71 Td (divestitures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.05 654.71 Td (Or) Tj ET Q q 0 0 0 rg BT 554.38 654.71 Td (ganic ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 645.71 Td (% Change, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.15 636.71 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 580.82 636.71 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 627.71 Td (Measure) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 614.65 Td (PepsiCo) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 407.00 612.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0.2 0.2 0.2 rg BT 413.00 612.70 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0.2 0.2 0.2 rg BT 463.50 612.70 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0.2 0.2 0.2 rg BT 515.00 612.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0.2 0.2 0.2 rg BT 574.50 612.70 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0.2 0.2 0.2 rg BT 579.00 612.70 Td (%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.00 584.51 Td (Frito-Lay North ) Tj ET Q q 0 0 0 rg BT 111.74 584.51 Td (America) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 400.25 582.71 Td (5.5) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 414.50 582.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 459.00 582.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 515.00 582.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 574.50 582.71 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 580.50 582.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.00 569.51 Td (PepsiCo Beverages North ) Tj ET Q q 0 0 0 rg BT 146.99 569.51 Td (America) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 407.00 567.71 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 414.50 567.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 459.00 567.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 515.00 567.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 567.75 567.71 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 580.50 567.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.00 554.51 Td (Latin ) Tj ET Q q 0 0 0 rg BT 72.99 554.51 Td (America) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 407.00 552.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 414.50 552.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 463.50 552.71 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 515.00 552.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 570.00 552.71 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 580.50 552.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.00 539.51 Td (Europe Sub-Saharan ) Tj ET Q q 0 0 0 rg BT 127.98 539.51 Td (Africa) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 400.25 537.71 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 414.50 537.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 459.00 537.71 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 516.50 537.71 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 524.00 537.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 574.50 537.71 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 580.50 537.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.00 524.51 Td (Asia, Middle Eastand North ) Tj ET Q q 0 0 0 rg BT 156.99 524.51 Td (Africa) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.2 0.2 0.2 rg BT 404.00 522.71 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 411.50 522.71 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 463.50 522.71 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 519.50 522.71 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 570.00 522.71 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0.2 0.2 0.2 rg BT 580.50 522.71 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 497.75 Td (Operating Pr) Tj ET Q q 0 0 0 rg BT 106.25 497.75 Td (ofit Gr) Tj ET Q q 0 0 0 rg BT 135.23 497.75 Td (owth Reconciliation) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 464.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 464.25 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 434.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 434.25 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 404.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 404.25 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 374.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 374.25 95.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 464.25 m 589 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 389.25 m 589 389.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 359.25 m 589 359.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 345.25 m 589 345.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 343.25 m 589 343.25 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.95 477.71 Td (12 ) Tj ET Q q 0 0 0 rg BT 522.04 477.71 Td (W) Tj ET Q q 0 0 0 rg BT 529.81 477.71 Td (eeks Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.35 468.71 Td (March 23, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 453.71 Td (Reported % Change, GAAP) Tj ET Q q 0 0 0 rg BT 152.82 453.71 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 453.71 Td (1) Tj ET Q q 0 0 0 rg BT 576.50 453.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 453.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 438.71 Td (Impact of:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 423.71 Td (Mark-to-market net impact) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.50 423.71 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 423.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 408.71 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 183.13 408.71 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 408.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 393.71 Td (Inventory fair value adjustments and mer) Tj ET Q q 0 0 0 rg BT 205.54 393.71 Td (ger and integration char) Tj ET Q q 0 0 0 rg BT 291.09 393.71 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 393.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 378.71 Td (Core % Change, Non-GAAP) Tj ET Q q 0 0 0 rg BT 155.82 378.71 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 378.71 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 378.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 363.71 Td (Impact of foreign exchange translation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 363.71 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 348.71 Td (Core Constant Currency % Change, Non-GAAP) Tj ET Q q 0 0 0 rg BT 225.64 348.71 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 348.71 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 348.71 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.75 Td (Diluted EPS Gr) Tj ET Q q 0 0 0 rg BT 116.55 323.75 Td (owth Reconciliation) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 288.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 288.25 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 258.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 258.25 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 228.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 228.25 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 198.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 198.25 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 168.25 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 168.25 95.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 288.25 m 589 288.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 198.25 m 589 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 168.25 m 589 168.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 154.25 m 589 154.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 152.25 m 589 152.25 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.95 301.71 Td (12 ) Tj ET Q q 0 0 0 rg BT 522.04 301.71 Td (W) Tj ET Q q 0 0 0 rg BT 529.81 301.71 Td (eeks Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.35 292.71 Td (March 23, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 277.71 Td (Reported % Change, GAAP) Tj ET Q q 0 0 0 rg BT 152.82 277.71 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 277.71 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 277.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 262.71 Td (Impact of:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 247.71 Td (Mark-to-market net impact) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.50 247.71 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 247.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 232.71 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 183.13 232.71 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 232.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 217.71 Td (Inventory fair value adjustments and mer) Tj ET Q q 0 0 0 rg BT 205.62 217.71 Td (ger and integration char) Tj ET Q q 0 0 0 rg BT 291.17 217.71 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 217.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 202.71 Td (T) Tj ET Q q 0 0 0 rg BT 62.37 202.71 Td (ax benefits related to the ) Tj ET Q q 0 0 0 rg BT 152.92 202.71 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 169.67 202.71 Td (Act) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.50 202.71 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 202.71 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 187.71 Td (Core % Change, Non-GAAP) Tj ET Q q 0 0 0 rg BT 155.82 187.71 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 187.71 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 187.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 172.71 Td (Impact of foreign exchange translation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 172.71 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 157.71 Td (Core Constant Currency % Change, Non-GAAP) Tj ET Q q 0 0 0 rg BT 225.64 157.71 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 157.71 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 157.71 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.60 756.65 Td (PepsiCo, Inc. and Subsidiaries) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.85 745.85 Td (Reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 295.84 745.85 Td ( and Non-GAAP) Tj ET Q q 0 0 0 rg BT 358.85 745.85 Td ( Information) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.45 735.05 Td (\(unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 48.45 Td (Note Certain amounts above may not sum due to r) Tj ET Q q 0 0 0 rg BT 216.80 48.45 Td (ounding. ) Tj ET Q q 0 0 0 rg BT 266.00 48.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 27.45 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 708.75 Td (Net Revenue Gr) Tj ET Q q 0 0 0 rg BT 118.19 708.75 Td (owth Reconciliation) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 674.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 674.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 646.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 646.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 618.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 618.75 95.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 674.75 m 589 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 674.75 m 589 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 604.75 m 589 604.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 591.75 m 589 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 589.75 m 589 589.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.05 688.21 Td (Y) Tj ET Q q 0 0 0 rg BT 525.65 688.21 Td (ear Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.60 679.21 Td (December 29, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 665.21 Td (Reported % Change, GAAP) Tj ET Q q 0 0 0 rg BT 152.82 665.21 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 665.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 665.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 651.21 Td (Impact of:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 637.21 Td (Foreign exchange translation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 637.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 624.01 Td (Acquisitions and divestitures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 623.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 609.21 Td (Sales and certain other taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 609.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 595.21 Td (Or) Tj ET Q q 0 0 0 rg BT 60.83 595.21 Td (ganic % Change, Non-GAAP) Tj ET Q q 0 0 0 rg BT 166.98 595.21 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 595.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 595.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.25 Td (Diluted EPS Gr) Tj ET Q q 0 0 0 rg BT 116.55 570.25 Td (owth Reconciliation) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 536.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 536.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 508.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 508.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 480.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 480.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 452.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 452.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 424.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 424.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 396.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 396.75 95.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 536.75 m 589 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 424.75 m 589 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 396.75 m 589 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 383.75 m 589 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 381.75 m 589 381.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.05 550.21 Td (Y) Tj ET Q q 0 0 0 rg BT 525.65 550.21 Td (ear Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.60 541.21 Td (December 29, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 527.21 Td (Reported % Change, GAAP) Tj ET Q q 0 0 0 rg BT 152.82 527.21 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 527.21 Td (160) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 527.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 513.21 Td (Impact of:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 499.21 Td (Mark-to-market net impact) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 499.21 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 485.21 Td (Restructuring and impairment char) Tj ET Q q 0 0 0 rg BT 183.13 485.21 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 485.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 471.21 Td (Mer) Tj ET Q q 0 0 0 rg BT 72.41 471.21 Td (ger and integration char) Tj ET Q q 0 0 0 rg BT 157.96 471.21 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 471.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 457.21 Td (Net tax benefit related to the ) Tj ET Q q 0 0 0 rg BT 162.37 457.21 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 179.30 457.21 Td (Act) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 569.00 457.21 Td (\(53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 457.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 443.21 Td (Other net tax benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.50 443.21 Td (\(108) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 443.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 429.21 Td (Char) Tj ET Q q 0 0 0 rg BT 74.83 429.21 Td (ges related to cash tender and exchange of) Tj ET Q q 0 0 0 rg BT 226.85 429.21 Td (fers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 429.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 415.21 Td (Core % Change, Non-GAAP) Tj ET Q q 0 0 0 rg BT 155.82 415.21 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 415.21 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 415.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 401.21 Td (Impact of foreign exchange translation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 401.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 387.21 Td (Core Constant Currency % Change, Non-GAAP) Tj ET Q q 0 0 0 rg BT 225.64 387.21 Td ( Measure) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 387.21 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 581.00 387.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (Net Cash Pr) Tj ET Q q 0 0 0 rg BT 101.53 362.25 Td (ovided by Operating ) Tj ET Q q 0 0 0 rg BT 191.27 362.25 Td (Activities Reconciliation \(in millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 325.75 445.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 325.75 95.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 299.75 445.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 299.75 95.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 273.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 273.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 245.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 245.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 217.75 445.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 217.75 95.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 189.75 445.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 189.75 95.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 325.75 m 589 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 325.75 m 589 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 286.75 m 589 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 189.75 m 589 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 177.75 m 589 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 175.75 m 589 175.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.00 330.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.05 339.21 Td (Y) Tj ET Q q 0 0 0 rg BT 525.65 339.21 Td (ear Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.60 330.21 Td (December 29, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 317.01 Td (Net Cash Provided by Operating ) Tj ET Q q 0 0 0 rg BT 170.98 317.01 Td (Activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 317.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.25 317.01 Td (9,415) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 304.01 Td (Capital spending) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.25 304.01 Td (\(3,282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 585.50 304.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 291.01 Td (Sales of property) Tj ET Q q 0 0 0 rg BT 118.69 291.01 Td (, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 291.01 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 278.01 Td (Free Cash Flow) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.25 278.01 Td (6,267) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 265.01 Td (Discretionary pension and retiree medical contributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.25 264.21 Td (1,454) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 251.01 Td (Net cash tax benefit related to discretionary pension and retiree medical contributions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 569.00 250.21 Td (\(473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 585.50 250.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 237.01 Td (Payments related to restructuring char) Tj ET Q q 0 0 0 rg BT 194.37 237.01 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 236.21 Td (266) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 223.01 Td (Net cash tax benefit related to restructuring char) Tj ET Q q 0 0 0 rg BT 231.09 223.01 Td (ges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.50 222.21 Td (\(45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 585.50 222.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 209.01 Td (T) Tj ET Q q 0 0 0 rg BT 62.68 209.01 Td (ax payments related to the ) Tj ET Q q 0 0 0 rg BT 159.00 209.01 Td (TCJ ) Tj ET Q q 0 0 0 rg BT 175.93 209.01 Td (Act) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 572.00 208.21 Td (1) Tj ET Q q 0 0 0 rg BT 576.50 208.21 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 195.01 Td (Certain other items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 576.50 194.21 Td (47) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 181.01 Td (Free Cash Flow Excluding Certain Items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 181.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.25 181.01 Td (7,631) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> /View <>>>>> endobj 12 0 obj <> /View <>>>>> endobj 13 0 obj <> endobj 14 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;