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Current Portion of Long-Term Debt PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in

Current Portion of Long-Term Debt PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long term-debt $27,917 $26,557 Current portion (4,096) (2,224) Long-term debt $23,821 $24,333 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? $fill in the blank 1 b. How much did the total current liabilities change between the preceding year and the current year as a result of the current portion of long-term debt? $fill in the blank 2

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