Affiliate Marketing Secrets

PepsiCo, Inc. and Subsidiaries
December 31, 2005 and December 25, 2004
(in millions except per share amounts) 2005 2004
ASSETS
Current Assets
Cash and cash equivalents………………………..… $ 1,716 $ 1,280
Short-term investments ………………………………….… 3,166 2,165
4,882 3,445
Accounts and notes receivable, net……………………………….… 3,261 2,999
Inventories………………………… 1,693 1,541
Prepaid expenses and other current assets…………………………….… 618 654
Total Current Assets ………………………………….… 10,454 8,639
Property, Plant and Equipment, net ………………………………….… 8,681 8,149
Amortizable Intangible Assets, net……………………………….… 530 598
Goodwill…………………………… 4,088 3,909
Other nonamortizable intangible assets…………………………….… 1,086 933
Nonamortizable Intangible Assets…………………………….… 5,174 4,842
Investments in Noncontrolled Affiliates ………………………………….… 3,485 3,284
Other Assets ………………………………….… 3,403 2,475
Total Assets…………………………….… $31,727 $27,987