Consolidated Statement of Equity PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) Consolidated Statement of Comprehensive Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) Financing Activities Proceeds from issuances of long-term debt Payments of long-term debt Debt redemptions \\( \\begin{array}{ccc}7,509 & 7,818 & 8,702 \\\\ (4,406) & (3,105) & (4,095)\\end{array} \\) Short-term borrowings, by original maturity: More than three months - proceeds More than three months - payments Three months or less, net Cash dividends paid Share repurchases - common \\begin{tabular}{rrr} 7,509 & 7,818 & 8,702 \\\\ \\( \\mathbf{( 4 , 4 0 6 )} \\) & \\( (3,105) \\) & \\( (4,095) \\) \\\\ - & \\( (2,504) \\) & - \\\\ \\( \\mathbf{9 1} \\) & 59 & 15 \\\\ \\( \\mathbf{( 1 2 8 )} \\) & \\( (27) \\) & \\( (43) \\) \\\\ \\( \\mathbf{( 1 , 0 1 6 )} \\) & 1,505 & 53 \\\\ \\( \\mathbf{( 4 , 4 7 2 )} \\) & \\( (4,227) \\) & \\( (4,040) \\) \\\\ \\( \\mathbf{( 2 , 0 0 0 )} \\) & \\( (3,000) \\) & \\( (5,000) \\) \\\\ \\( \\mathbf{( 5 )} \\) & \\( (7) \\) & \\( (5) \\) \\\\ \\( \\mathbf{4 6 2} \\) & 465 & 504 \\\\ \\( \\mathbf{( 1 4 5 )} \\) & \\( (130) \\) & \\( (151) \\) \\\\ \\( \\mathbf{( 7 6 )} \\) & \\( (58) \\) & \\( (52) \\) \\\\ \\hline \\( \\mathbf{( 4 , 1 8 6 )} \\) & \\( (3,211) \\) & \\( (4,112) \\) \\\\ \\hline \\( \\mathbf{4 7} \\) & \\( (252) \\) & \\( (221) \\) \\\\ \\hline \\( \\mathbf{1 , 4 5 2} \\) & 62 & 2,962 \\\\ \\( \\mathbf{9 , 1 5 8} \\) & 9,096 & 6,134 \\\\ \\hline \\( \\mathbf{1 0 , 6 1 0} \\) & 9,158 & 9,096 \\\\ \\hline \\end{tabular} Share repurchases - preferred Proceeds from exercises of stock options Withholding tax payments on RSUs, PSUs and PEPunits converted Other financing Net Cash Used for Financing Activities Effect of exchange rate changes on cash and cash equivalents Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year See accompanying notes to the consolidated financial statements. Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 30, 2017 and December 31, 2016 (in millions except per share amounts) What percentage of total assets is each of these reported amounts at year-end 2017? (Round answers to 2 decimal places, e.g. 15.25.) What was the change in the amount of intangibles from 2016 to 2017 for Coca-Cola and PepsiCo? (Enter the amounts in millions.) Coca-Cola \\( \\$ \\) PepsiCo \\( \\$ \\) The financial statements of Coca-Cola are presented in Appendix C. Click here to view Appendix C. The financial statements of PepsiCo are presented in Appendix D. Click here to view Appendix D. The companies' complete annual reports, including the notes to the financial statements, are available online. Use the companies' financial information to answer the following questions. OPERATING ACTIVITIES TREASURY STOCK Refer to Notes to Consolidated Financial Statements. What was the composition of the identifiable and unidentifiable intangible assets reported by Coca-Cola and PepsiCo at the end of 2017? (Enter the amounts in millions.) Appendix C Specimen Financial Statements: The Coca-Cola Company The Coca-Cola Company is the world's largest beverage company. It owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages, but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. Finished beverage products bearing Coca-Cola trademarks, sold in the United States since 1886, are now available in more than 200 countries. Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) PepsiCo \\( \\$ \\) \\( \\$ \\) LIABILITIES AND EQUITY Current Liabilities Short-term debt obligations Accounts payable and other current liabilities Total Current Liabilities Long-Term Debt Obligations Other Liabilities Deferred Income Taxes Total Liabilities Commitments and contingencies Preferred Stock, no par value Repurchased Preferred Stock PepsiCo Common Shareholders' Equity Common stock, par value \\( 1^{2} / 3 \\) c per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,420 and 1,428 shares, respectively) Capital in excess of par value Retained earnings Accumulated other comprehensive loss Repurchased common stock, in excess of par value (446 and 438 shares, respectively) Total PepsiCo Common Shareholders' Equity Noncontrolling interests Total Equity Total Liabilities and Equity \\( \\begin{array}{cc}41 & 41 \\\\ (197) & (192)\\end{array} \\) \\( { }^{1} \\) Calculated based on net income from continuing operations less net income from continuing operations attributable to noncontrolling interests. \\( { }^{2} \\) Calculated based on net income from discontinued operations less net income from discontinued operations attributable to noncontrolling interests. \\( { }^{3} \\) Per share amounts do not add due to rounding. Refer to Notes to Consolidated Financial Statements. FINANCING ACTIVITIES Refer to Notes to Consolidated Financial Statements. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY Year Ended December 31, 2017 2016 2015 (In millions except per share data) What were the amounts of accumulated amortization reported by Coca-Cola and PepsiCo at the end of 2016 and 2017? (Enter the amounts in millions.) Appendix D Specimen Financial Statements: PepsiCo, Inc. epsico, Inc. is a leading global food and beverage company with a complementary portfolio of enjoyable brands, including Frito-Lay, Gatorade, epsi-Cola, Quaker, and Tropicana. Through its operations, authorized bottlers, contract manufacturers, and other third parties, PepsiCo makes, narkets, distributes, and sells a wide variety of convenient and enjoyable beverages, foods, and snacks, serving customers and consumers in more han 200 countries and territories. Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 27, 2017, December 28, 2016 and December 29, 2015 (in millions except per share amounts) (a) Includes total tax benefits of \\( \\$ 110 \\) million in 2016 and \\( \\$ 107 \\) million in 2015 . See accompanying notes to the consolidated financial statements. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS \\begin{tabular}{lrr} December 31, & 2016 \\\\ \\hline (In millions except par value) & \\( \\mathbf{2 0 1 7} \\) & \\\\ ASSETS & \\\\ CURRENT ASSETS & \\( \\mathbf{6 , 0 0 6} \\) & \\( \\mathbf{\\$}, 555 \\) \\\\ \\( \\quad \\) Cash and cash equivalents & \\( \\mathbf{\\$} \\) & \\( \\mathbf{9 , 5 9 5} \\) \\\\ \\( \\quad \\) Short-term investments \\end{tabular} What amounts for intangible assets were reported in their respective balance sheets by Coca-Cola and PepsiCo at year-end 2017? (Enter the amounts in millions.) Consolidated Statement of Equity PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) Consolidated Statement of Comprehensive Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) Financing Activities Proceeds from issuances of long-term debt Payments of long-term debt Debt redemptions \\( \\begin{array}{ccc}7,509 & 7,818 & 8,702 \\\\ (4,406) & (3,105) & (4,095)\\end{array} \\) Short-term borrowings, by original maturity: More than three months - proceeds More than three months - payments Three months or less, net Cash dividends paid Share repurchases - common \\begin{tabular}{rrr} 7,509 & 7,818 & 8,702 \\\\ \\( \\mathbf{( 4 , 4 0 6 )} \\) & \\( (3,105) \\) & \\( (4,095) \\) \\\\ - & \\( (2,504) \\) & - \\\\ \\( \\mathbf{9 1} \\) & 59 & 15 \\\\ \\( \\mathbf{( 1 2 8 )} \\) & \\( (27) \\) & \\( (43) \\) \\\\ \\( \\mathbf{( 1 , 0 1 6 )} \\) & 1,505 & 53 \\\\ \\( \\mathbf{( 4 , 4 7 2 )} \\) & \\( (4,227) \\) & \\( (4,040) \\) \\\\ \\( \\mathbf{( 2 , 0 0 0 )} \\) & \\( (3,000) \\) & \\( (5,000) \\) \\\\ \\( \\mathbf{( 5 )} \\) & \\( (7) \\) & \\( (5) \\) \\\\ \\( \\mathbf{4 6 2} \\) & 465 & 504 \\\\ \\( \\mathbf{( 1 4 5 )} \\) & \\( (130) \\) & \\( (151) \\) \\\\ \\( \\mathbf{( 7 6 )} \\) & \\( (58) \\) & \\( (52) \\) \\\\ \\hline \\( \\mathbf{( 4 , 1 8 6 )} \\) & \\( (3,211) \\) & \\( (4,112) \\) \\\\ \\hline \\( \\mathbf{4 7} \\) & \\( (252) \\) & \\( (221) \\) \\\\ \\hline \\( \\mathbf{1 , 4 5 2} \\) & 62 & 2,962 \\\\ \\( \\mathbf{9 , 1 5 8} \\) & 9,096 & 6,134 \\\\ \\hline \\( \\mathbf{1 0 , 6 1 0} \\) & 9,158 & 9,096 \\\\ \\hline \\end{tabular} Share repurchases - preferred Proceeds from exercises of stock options Withholding tax payments on RSUs, PSUs and PEPunits converted Other financing Net Cash Used for Financing Activities Effect of exchange rate changes on cash and cash equivalents Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning of Year Cash and Cash Equivalents, End of Year See accompanying notes to the consolidated financial statements. Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 30, 2017 and December 31, 2016 (in millions except per share amounts) What percentage of total assets is each of these reported amounts at year-end 2017? (Round answers to 2 decimal places, e.g. 15.25.) What was the change in the amount of intangibles from 2016 to 2017 for Coca-Cola and PepsiCo? (Enter the amounts in millions.) Coca-Cola \\( \\$ \\) PepsiCo \\( \\$ \\) The financial statements of Coca-Cola are presented in Appendix C. Click here to view Appendix C. The financial statements of PepsiCo are presented in Appendix D. Click here to view Appendix D. The companies' complete annual reports, including the notes to the financial statements, are available online. Use the companies' financial information to answer the following questions. OPERATING ACTIVITIES TREASURY STOCK Refer to Notes to Consolidated Financial Statements. What was the composition of the identifiable and unidentifiable intangible assets reported by Coca-Cola and PepsiCo at the end of 2017? (Enter the amounts in millions.) Appendix C Specimen Financial Statements: The Coca-Cola Company The Coca-Cola Company is the world's largest beverage company. It owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages, but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. Finished beverage products bearing Coca-Cola trademarks, sold in the United States since 1886, are now available in more than 200 countries. Consolidated Statement of Cash Flows PepsiCo, Inc. and Subsidiaries Fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015 (in millions) PepsiCo \\( \\$ \\) \\( \\$ \\) LIABILITIES AND EQUITY Current Liabilities Short-term debt obligations Accounts payable and other current liabilities Total Current Liabilities Long-Term Debt Obligations Other Liabilities Deferred Income Taxes Total Liabilities Commitments and contingencies Preferred Stock, no par value Repurchased Preferred Stock PepsiCo Common Shareholders' Equity Common stock, par value \\( 1^{2} / 3 \\) c per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,420 and 1,428 shares, respectively) Capital in excess of par value Retained earnings Accumulated other comprehensive loss Repurchased common stock, in excess of par value (446 and 438 shares, respectively) Total PepsiCo Common Shareholders' Equity Noncontrolling interests Total Equity Total Liabilities and Equity \\( \\begin{array}{cc}41 & 41 \\\\ (197) & (192)\\end{array} \\) \\( { }^{1} \\) Calculated based on net income from continuing operations less net income from continuing operations attributable to noncontrolling interests. \\( { }^{2} \\) Calculated based on net income from discontinued operations less net income from discontinued operations attributable to noncontrolling interests. \\( { }^{3} \\) Per share amounts do not add due to rounding. Refer to Notes to Consolidated Financial Statements. FINANCING ACTIVITIES Refer to Notes to Consolidated Financial Statements. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREOWNERS' EQUITY Year Ended December 31, 2017 2016 2015 (In millions except per share data) What were the amounts of accumulated amortization reported by Coca-Cola and PepsiCo at the end of 2016 and 2017? (Enter the amounts in millions.) Appendix D Specimen Financial Statements: PepsiCo, Inc. epsico, Inc. is a leading global food and beverage company with a complementary portfolio of enjoyable brands, including Frito-Lay, Gatorade, epsi-Cola, Quaker, and Tropicana. Through its operations, authorized bottlers, contract manufacturers, and other third parties, PepsiCo makes, narkets, distributes, and sells a wide variety of convenient and enjoyable beverages, foods, and snacks, serving customers and consumers in more han 200 countries and territories. Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 27, 2017, December 28, 2016 and December 29, 2015 (in millions except per share amounts) (a) Includes total tax benefits of \\( \\$ 110 \\) million in 2016 and \\( \\$ 107 \\) million in 2015 . See accompanying notes to the consolidated financial statements. THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS \\begin{tabular}{lrr} December 31, & 2016 \\\\ \\hline (In millions except par value) & \\( \\mathbf{2 0 1 7} \\) & \\\\ ASSETS & \\\\ CURRENT ASSETS & \\( \\mathbf{6 , 0 0 6} \\) & \\( \\mathbf{\\$}, 555 \\) \\\\ \\( \\quad \\) Cash and cash equivalents & \\( \\mathbf{\\$} \\) & \\( \\mathbf{9 , 5 9 5} \\) \\\\ \\( \\quad \\) Short-term investments \\end{tabular} What amounts for intangible assets were reported in their respective balance sheets by Coca-Cola and PepsiCo at year-end 2017? (Enter the amounts in millions.)