1、Annual Report 2023 Food 59%Beverage 41%Net RevenueMix of Net RevenueCore Division Operating Profit 1Frito-Lay North America 27%Quaker Foods North America 3%PepsiCo Beverages North America 30%Latin America 13%Europe 15%Africa,Middle East and South Asia 7%Asia Pacific,Australia and New Zealand and Chi

2、na Region 5%Frito-Lay North America 42%Quaker Foods North America 4%PepsiCo Beverages North America 18%Latin America 14%Europe 12%Africa,Middle East and South Asia 5%Asia Pacific,Australia and New Zealand and China Region 5%27%3%30%13%15%7%5%42%4%18%14%12%5%5%59%41%57%43%U.S.57%Outside U.S.43%2023 F

3、INANCIAL HIGHLIGHTS1.Excludes the mark-to-market net impact of our commodity derivatives,restructuring and impairment charges,acquisition and divestiture-related charges,as well as impairment and other charges.In 2023,also excludes product returns,inventory write-offs and customer and consumer-relat

4、ed costs associated with the voluntary recall of certain bars and cereals in our Quaker Foods North America division(Quaker Recall).In 2022,also excludes the gain associated with the sale of Tropicana,Naked and other select juice brands(Juice Transaction).See page 133“Reconciliation of GAAP and Non-

5、GAAP Information”for a reconciliation to the most directly comparable financial measure in accordance with U.S.Generally Accepted Accounting Principles(GAAP).On a reported basis,the division operating profit percentages in 2023 were:Frito-Lay North America 47%,Quaker Foods North America 3%,PepsiCo B

6、everages North America 18%,Latin America 16%,Europe 5%,Africa,Middle East and South Asia 6%and Asia Pacific,Australia and New Zealand and China Region 5%.2023 and 2022 reported operating profit was$11,986 and$11,512,respectively,reflecting an increase of 4%in 2023.2.Percentage changes are based on u