In 2017, the FASB issued guidance that requires companies to retrospectively present the service cost component of net periodic benefit cost for pension and retiree medical plans along with other compensation costs in operating profit and present the other components of net periodic benefit cost below operating profit in the income statement. Management's Discussion and Analysis of Financial Condition and Results of Operations and Note 5 to our consolidated financial statements. These notes, issued in Canadian dollars, were designated as a net investment hedge to partially offset the effects of foreign currency on our investments in certain of our foreign subsidiaries. Significant management judgment is necessary to estimate the impact of competitive operating, macroeconomic and other factors to estimate future levels of sales, operating profit or cash flows. Items affecting comparability in the above table (see "Items Affecting Comparability") reduced operating profit growth by 3 percentage points. The conduct of our business is subject to various laws and regulations administered by federal, state and local governmental agencies in the United States, as well as government entities and agencies outside the United States, including laws and regulations relating to the production, storage, distribution, sale, display, advertising, marketing, labeling, content, quality, safety, transportation, disposal, recycling and use of our products, as well as our employment and occupational health and safety practices and protection of personal information. Our borrowing costs and access to capital and credit markets may be adversely affected by a downgrade or potential downgrade of our credit ratings. Inventories are valued at the lower of cost or net realizable value. Such factors could adversely affect our business, financial condition or results of operations. In connection with our transaction with Tingyi in 2012, we received a call option to increase our holding in TAB to 20% with an expiration date in 2015. See Note 5 to our consolidated financial statements for additional information. This risk is managed through the use of fixed-price contracts and purchase orders, pricing agreements and derivative instruments, which include swaps and futures. Short-term borrowings, by original maturity: Withholding tax payments on RSUs, PSUs and PEPunits converted, Effect of exchange rate changes on cash and cash equivalents, Net Increase in Cash and Cash Equivalents, Cash and Cash Equivalents, Beginning of Year, Common stock, par value 1 2 / 3 ¢  per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,420 and 1,428 shares, respectively), Repurchased common stock, in excess of par value (446 and 438 shares, respectively), Total PepsiCo Common Shareholders' Equity, Stock option exercises, RSUs, PSUs and PEPunits converted  (a), Withholding tax on RSUs, PSUs and PEPunits converted, Other comprehensive income/(loss) attributable to PepsiCo, Stock option exercises, RSUs, PSUs and PEPunits converted, Distributions to noncontrolling interests. Commodity inflation reduced operating profit growth by 6 percentage points, primarily attributable to inflation in the AMENA, Latin America, ESSA, NAB and FLNA segments. It is not practicable for us to determine the amount of unrecognized tax expense on these reinvested international earnings. Risk Factors.". Starting in 2014, Russia announced economic sanctions against the United States and other nations that include a ban on imports of certain ingredients and finished goods from specific countries. These branded products are sold to authorized bottlers, independent distributors and retailers. During the fourth quarter of 2017, the TCJ Act was enacted in the United States. Organic revenue is a non-GAAP financial measure. Risk Factors . We continue on our multi-year business transformation initiative to migrate certain of our systems, including our financial processing systems, to enterprise-wide systems solutions. We are also subject to various state and local statutes and regulations, including state consumer protection laws such as Proposition 65 in California, which requires that a specific warning appear. As of December 30, 2017 , there were no outstanding borrowings under the Five-Year Credit Agreement or the 364-Day Credit Agreement. These impacts were partially offset by volume growth. *, The PepsiCo International Retirement Plan Defined Contribution Program, as amended and restated effective as of January 1, 2016, which is incorporated herein by reference to Exhibit 10.41 to PepsiCo, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2016. This improvement also reflects the effective net pricing, planned cost reductions across a number of expense categories and the net volume growth. In addition, certain advertising and marketing costs are also based on annual targets and recognized during the year as incurred. ¨, Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). These policies may require management to make difficult and subjective judgments regarding uncertainties, and as a result, such estimates may significantly impact our financial results. See Note 1 to our consolidated financial statements for financial information about our divisions and geographic areas. Certification of our Chief Executive Officer and our Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. The TCJ Act also creates a new requirement that certain income earned by foreign subsidiaries, known as GILTI, must be included in the gross income of their U.S. shareholder. As a result, we recorded a pre- and after-tax impairment charge of $373 million ( $0.26 per share) in 2016 in the AMENA segment. Maintaining a good reputation globally is critical to selling our branded products. Derivatives used to hedge commodity price risk that do not qualify for hedge accounting treatment are marked to market each period with the resulting gains and losses recorded in corporate unallocated expenses as either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. The precision of these estimates and the likelihood of future changes depend on a number of underlying variables and a range of possible outcomes. The recorded impact of the TCJ Act is provisional and the final amount may differ from the above estimate, possibly materially, due to, among other things, changes in estimates, interpretations and assumptions we have made, changes in IRS interpretations, the issuance of new guidance, legislative actions, changes in accounting standards or related interpretations in response to the TCJ Act and future actions by states within the United States that have not currently adopted the TCJ Act. The lack of available water of acceptable quality and increasing pressure to conserve water in areas of scarcity and stress may lead to: supply chain disruption; adverse effects on our operations; higher compliance costs; capital expenditures (including additional investments in the development of technologies to enhance water efficiency and reduce water consumption); higher production costs; the cessation of operations at, or relocation of, our facilities or the facilities of our suppliers, bottlers, contract manufacturers, distributors, joint venture partners or other third parties; or damage to our reputation, any of which could adversely affect our business, financial condition or results of operations. Information with respect to securities authorized for issuance under equity compensation plans can be found under the caption "Executive Compensation – Securities Authorized for Issuance Under Equity Compensation Plans" in our 2018 Proxy Statement and is incorporated herein by reference. In 2017 , we and The Coca-Cola Company represented approximately 23% and 20%, respectively, of the U.S. liquid refreshment beverage category by estimated retail sales in measured channels, according to Information Resources, Inc.

Life Movies, Con Edison Headquarters Nyc, Charging Ev At Home, Tay Bridge Disaster Victims, Lee Mack Live Dvd, Deland Police Department Records, Wawa Hoagiefest 2020 Shirt, 32i Nursing Bra, Cornwall Island Covid, Girl Middle Names To Go With Willow, Aeries Portal, Who Did Sokka Marry, Johnson And Johnson Corporate Office, Tennessee Mail-in Ballot Covid, Monarchianism Meaning, Johnson And Johnson Company Profile Pdf, Astral Weeks Cover, Steely Dan Black Cow Topic Youtube, Depuy Synthes Sales Rep Salary, Prophet Muhammad Migration To Medina, Mulefoot Pig Growth Rate, Jet2holidays Caybeach, Johnson And Johnson Supply Chain Process, David Ortiz Sons, Ariel Name Meaning Urban Dictionary, Stretch It Body Jewellery, Iphone 6s Stock Wallpaper, Beyond übersetzung, Medtronic Covidien, Van Morrison Three Chords And The Truth Review, St Helier Hospital By Bus, Kent Hospital Visitor Policy, Bro Zil Shirt, Merck Jobs, Luisa Meaning In Spanish, Cheap Cardiologist Near Me, Miles Of Aisles Album Cover, Stellenbosch Primary, Treviso Townhomes, Enya Name Meaning In Urdu, Ink Master: Angels Season 2 Episode 1, Golden Brown Lyrics Chords, New Brunswick Community College Fees, Dave Concepcion Stats, Ambassador Bridge Toll Canadian, Curtin Concur, St Thomas Aquinas College Closed, Lincoln Theatre Columbus, Ohio, Uwa Law School Dean's List, Royal London Hospital Postcode, Three Chords And The Truth Van Morrison, Rockstar Energy Drink Stock, Amgen Therapeutic Areas, The Fred St Croix Restaurant Menu, Sanford, Fl Zip Codes, Murat Theater, Sarasota Airport Departures, And He Walks With Me And He Talks With Me Chords, Used Office Furniture Phoenix, Kettering Hospital Transport, Andaikan Kau Datang Kembali Koes Plus, Whisky A Go Go Inside, Cqu Graduation Gown, Altrincham Garrick Pantomime, Pirate Parrot Drawing, Billy Gifford Altria Net Worth, Clarendon Surgery Registration, Boston Ballet, Swan Theatre Images, 678 Park Avenue Braddock Hills, Pa For Sale, Pt Chevron Pacific Indonesia Batam, Winnie The Pooh: A Very Merry Pooh Year Online, Have 2 Serial Killers Ever Met, Medtronic News Release, Edna Biology, Altria Stock Dividend, Mid-hudson Regional Hospital Phone Number, Cressey Development Ceo, Cardiology Services List, Yokogawa Instruments, Spring Baking Championship Season 5 Episode 4, Mlb The Show Custom Uniforms, Extended Stay Near Me, Poinciana, Fl Crime Rate, John R Velazquez, Must Have Car Accessories Reddit, Neutrogena Light Therapy Acne Mask, How To Price Personal Chef Services, Pfizer Buying Ttnp, Shows At The Strand, Savoy Theater London, The Wallflowers - Heroes, Bvi Charters, Kingston Public Hospital Dental Clinic, St Thomas Dorms, Tecna Welders Usa, Hon Anthony Albanese Mp, Matt Bradley Cal, Matt Shively Oregon, Alphacrucis College Scholarship,