PepsiCo, Inc. and Subsidiaries
($ in millions except per share amounts; all per share amounts assume dilution)

	As Reported						Comparable
2001			2000		% Chg		2001		2000		% Chg
Summary of Operations
Net sales	$	26,935	$	25,479	6		$	26,935	$	25,185	7
Segment operating profit	$	4,776	$	4,355	10		$	4,776	$	4,287	11
Net income	$	2,662	$	2,543	5		$	3,002	$	2,610	15
Net income per common share	$	1.47	$	1.42	4		$	1.66	$	1.46	14
Other Data
Net cash provided by
operating activities	$	4,201	$	4,440	(5	)
Common share repurchases	$	1,716	$	1,672	3
Dividends paid	$	994	$	949	5
Long-term debt	$	2,651	$	3,009	(12	)
Capital spending	$	1,324	$	1,352	(2	)
(a)  Percentage changes are based on unrounded amounts. (b)  For comparative purposes, results exclude the costs associated with our merger with The Quaker Oats Company, other impairment and restructuring charges, the 53rd week in 2000 and various Quaker one-time items. The comparable information does not purport to represent what our results of operations would have been had such transactions not occurred nor does it give effect to any other events. The segment discussions following the Chairman's Letter are also presented on this basis. (c)  Includes pre-merger Quaker common share repurchases.