Pepsi 2012 Annual Report Download - page 78

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Net Revenue Operating Profit(a)
2012 2011 2010 2012 2011 2010
FLNA $ 13,574 $ 13,322 $ 12,573 $ 3,646 $ 3,621 $ 3,376
QFNA 2,636 2,656 2,656 695 797 741
LAF 7,780 7,156 6,315 1,059 1,078 1,004
PAB 21,408 22,418 20,401 2,937 3,273 2,776
Europe(b) 13,441 13,560 9,602 1,330 1,210 1,054
AMEA 6,653 7,392 6,291 747 887 708
Total division 65,492 66,504 57,838 10,414 10,866 9,659
Corporate Unallocated
Mark-to-market net impact gains/(losses) 65 (102) 91
Merger and integration charges – (78) (191)
Restructuring and impairment charges (10) (74) –
Pension lump sum settlement charge (195) – –
53rd week – (18) –
Venezuela currency devaluation – – (129)
Asset write-off – – (145)
Foundation contribution – – (100)
Other (1,162) (961) (853)
$ 65,492 $ 66,504 $ 57,838 $ 9,112 $ 9,633 $ 8,332
(a) For information on the impact of restructuring, impairment and integration charges on our divisions, see Note3 to our consolidated financial statements.
(b) Change in net revenue in 2011 relates primarily to our acquisition of WBD.
Net Revenue Division Operating Profit
Corporate
Corporate includes costs of our corporate headquarters, centrally managed initiatives such as our ongoing global business
transformation initiative and research and development projects, unallocated insurance and benefit programs, foreign exchange
transaction gains and losses, certain commodity derivative gains and losses and certain other items.
Other Division Information
Total Assets Capital Spending
2012 2011 2010 2012 2011 2010
FLNA $ 5,332 $ 5,384 $ 5,276 $ 365 $ 439 $ 515
QFNA 966 1,024 1,062 37 43 48
LAF 4,993 4,721 4,041 436 413 370
PAB 30,899 31,142 31,571 702 1,006 973
Europe(a) 19,218 18,461 13,018 575 588 517
AMEA 5,738 6,038 5,557 510 693 610
Total division 67,146 66,770 60,525 2,625 3,182 3,033
Corporate(b) 7,492 6,112 7,389 89 157 220
Investments in bottling affiliates – – 239 – – –
$ 74,638 $ 72,882 $ 68,153 $ 2,714 $ 3,339 $ 3,253
(a) Changes in total assets in 2011 relate primarily to our acquisition of WBD.
(b) Corporate assets consist principally of cash and cash equivalents, short-term investments, derivative instruments and property, plant and equipment.
FLNA
QFNA 4%
LAF
PAB
Europe
AMEA
33%
20%
10% 21%
12%
FLNA
QFNA
LAF
PAB
Europe
AMEA
28%
13%
7%
35%
10%7%
2012 PEPSICO ANNUAL REPORT76
Notes to Consolidated Financial Statements