EXHIBIT 99.2

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information

(unaudited)

Core results and core constant currency results are non-GAAP financial measures as they exclude certain items noted below. However, we believe investors should consider these measures as they are more indicative of our ongoing performance and with how management evaluates our operational results and trends.

Commodity mark-to-market net impact

In 2009 and 2010, we recognized mark-to-market net gains and losses on commodity hedges in corporate unallocated expenses. We centrally manage commodity derivatives on behalf of our divisions. Certain of these commodity derivatives do not qualify for hedge accounting treatment and are marked to market with the resulting gains and losses recognized in corporate unallocated expenses. These gains and losses are subsequently reflected in division results when the divisions take delivery of the underlying commodity.

Merger and integration charges

In 2009 and 2010, we incurred merger and integration charges (including closing costs, one-time financing costs and advisory fees) related to our acquisitions of PBG and PAS, as well as advisory fees, in 2010, in connection with our acquisition of Wimm-Bill-Dann Foods OJSC (WBD).

Restructuring and impairment charges

As a result of our previously initiated Productivity for Growth program, in 2009, we recorded restructuring and impairment charges.

Inventory fair value adjustments

In 2010, we recorded incremental costs, substantially all in cost of sales, related to fair value adjustments to the acquired inventory and other related hedging contracts included in PBG’s and PAS’s balance sheets at the acquisition date.

Venezuela currency devaluation

As of the beginning of our 2010 fiscal year, we recorded a one-time net charge related to our change to hyperinflationary accounting for our Venezuelan businesses and the related devaluation of the bolivar fuerte (bolivar).

Asset write-off for SAP software

In 2010, we recorded a charge related to a change in scope of one release in our ongoing migration to SAP software. This change was driven, in part, by a review of our North America systems strategy following our acquisitions of PBG and PAS. This change does not impact our overall commitment to continue our implementation of SAP across our global operations over the next few years.

Foundation contribution

In 2010, we made a contribution to The PepsiCo Foundation, Inc. (Foundation), in order to fund charitable and social programs over the next several years. This contribution was recorded in corporate unallocated expenses.

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EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Operating Profit by Division

Quarter Ended March 20, 2010

(in millions and unaudited)

2

EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Operating Profit by Division

Quarter Ended June 12, 2010

(in millions and unaudited)

3

EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Operating Profit by Division

Quarter Ended September 4, 2010

(in millions and unaudited)

4

EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Operating Profit by Division

Quarter Ended December 25, 2010

(in millions and unaudited)

5

EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Operating Profit by Division

Year Ended December 25, 2010

(in millions and unaudited)

6

EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Operating Profit by Division

Year Ended December 26, 2009

(in millions and unaudited)

7

EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Core Growth and Core Constant Currency Growth*

Year Ended December 25, 2010

(unaudited)

Note: Certain amounts may not sum due to rounding.

8

EXHIBIT 99.2

(continued)

PepsiCo, Inc. and Subsidiaries

Schedule of Reconciliation of GAAP and Non-GAAP Financial Information (cont.)

Core Growth and Core Constant Currency Growth*

Year Ended December 25, 2010

(unaudited)

Note: Certain amounts may not sum due to rounding.

9