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PepsiCo is an American multinational food, snack and beverage corporation that ventures in the fields of manufacturing, marketing, and distribution of grain-based snack foods, beverages, and various products. Formed in 1965 with the merger of the Pepsi-Cola and Frito-Lay, PepsiCo has become the second-largest food and beverage business in the world, with the company’s products being distributed across more than 200 countries, resulting in an annual net revenue of $43.3 billion. A global food and beverage leader, PepsiCO has a product portfolio including 22 brands that generate more than $1 billion each in annual retail sales.