Refer to the financial statements of PepsiCo, Inc. and the Notes to Consolidated Financial Statements in Appendix A.
(a) What was PepsiCo’s total long term debt at December 26, 2009? What was the increase/decrease in total long term debt from the prior year? What does Note 9 to the financial statements indicate about the composition of PepsiCo’s long term debt obligation?
(b) What type of leases, operating or capital, does PepsiCo report? (See Note 9.) Are these leases reported on PepsiCo’s financial statements?
(c) What are the total long term contractual commitments that PepsiCo reports as of December 26, 2009?