Pepsi 2014 Annual Report Download - page 95

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75
Net revenue and operating profit of each division are as follows:
Net Revenue Operating Profit (a)
2014 2013 2012 2014 2013 2012
FLNA $ 14,502 $ 14,126 $ 13,574 $ 4,054 $ 3,877 $ 3,646
QFNA 2,568 2,612 2,636 621 617 695
LAF 8,442 8,350 7,780 1,211 1,242 1,059
PAB 21,154 21,068 21,408 2,846 2,955 2,937
Europe 13,290 13,752 13,441 1,331 1,293 1,330
AMEA 6,727 6,507 6,653 1,043 1,174 747
Total division 66,683 66,415 65,492 11,106 11,158 10,414
Corporate Unallocated
Mark-to-market net (losses)/gains (68)(72) 65
Restructuring and impairment charges (41)(11)(10)
Pension lump sum settlement charges (141)—(195)
Venezuela remeasurement charges (126)(124) —
Other (1,149)(1,246)(1,162)
$ 66,683 $ 66,415 $ 65,492 $ 9,581 $ 9,705 $ 9,112
(a) For information on the impact of restructuring and impairment charges on our divisions, see Note 3 to our consolidated financial statements.
See also Note 15 to our consolidated financial statements for more information on our transaction with Tingyi and refranchising of our
beverage business in Vietnam in our AMEA segment.
Corporate
Corporate unallocated includes costs of our corporate headquarters, centrally managed initiatives such as
research and development projects, unallocated insurance and benefit programs, foreign exchange transaction
gains and losses, commodity derivative gains and losses, our ongoing business transformation initiatives and
certain other items.
2014NetRevenue
FLNA
22%
AMEA
10%
Europe
20%
PAB
32%
LAF
12%
QFNA
4%
2014DivisionOperatingProfit
FLNA
36%
AMEA
9%
Europe
12%
PAB
26%
LAF
11%
QFNA
6%