1、 Annual Report 2022winning withAnnual Report 2022274301115765842574344419105612PepsiCo Beverages North America 30%Latin America 11%Frito-Lay North America 27%Africa,Middle East and South Asia 7%Asia Pacific,Australia and New Zealand and China Region 6%Europe 15%Quaker Foods North America 4%U.S.57%Ou

2、tside U.S.43%Food 58%Beverage 42%PepsiCo Beverages North America 19%Latin America 12%Frito-Lay North America 44%Asia Pacific,Australia and New Zealand and China Region 5%Europe 10%Quaker Foods North America 4%Africa,Middle East and South Asia 6%2022 Financial HighlightsNet RevenueMix of Net RevenueP

3、EPSICO,INC.&CONSOLIDATED SUBSIDIARIES(in millions,except per share data;all per share amounts assume dilution)Summary of Operations1.Excludes the mark-to-market net impact of our commodity derivatives,restructuring and impairment charges,as well as acquisition and divestiture-related charges.In 2022

4、,also excludes the gain associated with the sale of Tropicana,Naked and other select juice brands(Juice Transaction)as well as impairment and other charges.See page 129“Reconciliation of GAAP and Non-GAAP Information”for a reconciliation to the most directly comparable financial measure in accordanc

5、e with U.S.Generally Accepted Accounting Principles(GAAP).On a reported basis,the division operating profit percentages were:Frito-Lay North America 45%,Quaker Foods North America 4%,PepsiCo Beverages North America 40%,Latin America 12%,Europe(10%),Africa,Middle East and South Asia 5%and Asia Pacifi

6、c,Australia and New Zealand and China Region 4%.2021 and 2022 reported operating profit was$11,162 and$11,512,respectively,reflecting an increase of 3%in 2022.2.Percentage changes are based on unrounded amounts.3.Excludes the mark-to-market net impact of our commodity derivatives,restructuring and i