Faster, stronger, better. Annual report 2019 creating more smiles with every sip

particularly leveraging technology, to 
enhance our insights, speed, and precision;
• 
Grow our talent and simplify our 
organization to be more consumer- and 
customer-centric; and
• 
Reduce our cost structure to free resources 
to fund our investments.
As always, these priorities will be executed 
with an eye toward enhancing our 
marketplace competitiveness and delivering 
long-term value creation.
The future is sure to raise new challenges 
and new opportunities. But if we approach 
each step forward with a passion for 
winning in the marketplace, a commitment 
to building new capabilities, and a mindset 
that prizes innovation, then I am confident 
we will succeed.
We will achieve a level of greatness that 
unlocks our true potential in the short 
term, whilst ensuring that we continue to 
deliver on our mission of 
Creating More 
Smiles with Every Sip and Every Bite 
for all our 
stakeholders — shareholders, consumers, 
customers, associates, communities, and the 
planet — for many years to come.
Thank you for the confidence you continue 
to place in us with your investment, and for 
your ongoing support of our journey.
Sincerely,
Ramon
BECOMING 
BETTER
 MEANS
2019 PepsiCo Annual Report

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(in millions)
PepsiCo Foundation
$ 33.4
Corporate Contributions*
4.4
Division Contributions
11.1
Division Estimated In-Kind
61.8
Total
$110.7
* Corporate Contributions include estimated in-kind donations 
of $0.2 million.
2019 CITIZENSHIP GIVING
2019 DIVERSITY STATISTICS
Women %