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The notes mature in 2012 and pay 3.2% annually. The balance was used for general corporate purposes. The aforementioned actions were taken in the second quarter of 2007. Similar acts and or arrangements were made in the third and fourth quarters of 2007. Operating activities in 2007 accounted for $6.934 billion of the $10.3 billion that Pepsi recognized as the total source of cash. The balance came from long-term debt ($1.6 billion), stock option exercises ($1.11 billion), the sale of PBG stock ($315 million) and other ($357 million).
As of December 29, 2007, PepsiCo has $4.7 billion in long-term debt with $1...
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Common topics in this essay:
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