This case provides instructors with an opportunity to discuss some of the fundamental aspects of a typical public company’s shareholders’ equity financial reporting and financial disclosures. As such, students are provided with information pertaining to PepsiCo’s common stock, preferred stock, stock repurchases, cash dividends, stock splits, and GAAP earnings per share (EPS) versus non-GAAP EPS. In addition, the case also provides an interesting bit of information regarding PepsiCo’s 2017 move from the NYSE to the Nasdaq.