Refer to the financial statements of PepsiCo, Inc. and the Notes to Consolidated Financial Statements in Appendix A to answer the following questions about contingent liabilities, lease liabilities, and pension costs.

  (a) Where does PepsiCo report its contingent liabilities?
  (b) What is management’s opinion as to the ultimate effect of the “various claims and contingencies related to lawsuits” pending against the company?
  (c) Where did PepsiCo report the details of its lease obligations? What amount of rent expense from operating leases did PepsiCo incur in 2010? What was PepsiCo’s total future minimum annual rental commitment under non-cancelable operating leases as of December 25, 2010?
  (d) What type of employee pension plan does PepsiCo have?
  (e) What is the amount of postretirement benefit expense (other than pensions) for 2010?