Pepsi 2015 Annual Report Download - page 89
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Table of Contents
72
We calculate net ROIC, excluding items affecting comparability, by using net income attributable to PepsiCo,
excluding items affecting comparability, plus after-tax interest expense, divided by a quarterly average of
invested capital less cash, cash equivalents and short-term investments adjusted for these items.
2015
Reported ROIC 13.1 %
Impact of:
Cash, cash equivalents and short-term investments 4.1
Interest income after tax (0.1)
Commodity mark-to-market net impact —
Restructuring and impairment charges 0.2
Venezuela remeasurement charge —
Tax benefits (0.4)
Restructuring and other charges related to the transaction with Tingyi 0.1
Pension-related settlement (benefits)/charge (0.1)
Venezuela impairment charges 2.7
Net ROIC, excluding items affecting comparability 19.6 %
See also “Item 6. Selected Financial Data” for information on ROIC.
Credit Facilities and Long-Term Contractual Commitments
See Note 9 to our consolidated financial statements for a description of our credit facilities and long-term
contractual commitments.
Off-Balance-Sheet Arrangements
It is not our business practice to enter into off-balance-sheet arrangements, other than in the normal course
of business. Additionally, we do not enter into off-balance-sheet transactions specifically structured to provide
income or tax benefits or to avoid recognizing or disclosing assets or liabilities. See Note 9 to our consolidated
financial statements.