Pepsi 2005 Annual Report Download - page 57

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2005 2004 2003 2005 2004 2003
Net Revenue Operating Profit
FLNA...................................................................... $10,322 $ 9,560 $ 9,091 $2,529 $2,389 $2,242
PBNA..................................................................... 9,146 8,313 7,733 2,037 1,911 1,690
PI ......................................................................... 11,376 9,862 8,678 1,607 1,323 1,061
QFNA ..................................................................... 1,718 1,526 1,467 537 475 470
Total division ........................................................ 32,562 29,261 26,969 6,710 6,098 5,463
Divested businesses ............................................. ––2 ––26
Corporate .............................................................. –––(788) (689) (502)
32,562 29,261 26,971 5,922 5,409 4,987
Restructuring and impairment charges................ ––– –(150) (147)
Merger-related costs............................................. ––– –– (59)
Total...................................................................... $32,562 $29,261 $26,971 $5,922 $5,259 $4,781
55
Divested Businesses
During 2003, we sold our Quaker Foods
North America Mission pasta business. The
results of this business are reported as
divested businesses.
Corporate
Corporate includes costs of our corporate
headquarters, centrally managed initia-
tives, such as our BPT initiative, unallo-
cated insurance and benefit programs,
foreign exchange transaction gains and
losses, and certain commodity derivative
gains and losses, as well as profit-in-inven-
tory elimination adjustments for our non-
controlled bottling affiliates and certain
other items.
Restructuring and Impairment Charges and
Merger-Related Costs — See Note 3.
QFNA
5%
FLNA
32%
PBNA
28%
PI
35%
Division Net Revenue
QFNA
8%
FLNA
38%
PBNA
30%
PI
24%
Division Operating Profit
Frito-Lay
North America
(FLNA)
Quaker Foods
North America
(QFNA)
PepsiCo
Beverages
North America
(PBNA)
PepsiCo
International
(PI)