
	Payments Due by Period
	Total	2012		2013 – 2014		2015 – 2016		2017 and beyond
Long-term debt obligations^(b)	$21,289	$	—	$	4,930	$	4,195	$	12,164
Interest on debt obligations^(c)	8,521		711		1,545		1,223		5,042
Operating leases	1,861		367		632		355		507
Purchasing commitments	3,123		1,113		1,525		422		63
Marketing commitments	2,461		200		570		526		1,165

	$37,255	$	2,391	$	9,202	$	6,721	$	18,941

(a)	Reflects non-cancelable commitments as of March 24, 2012 based on foreign exchange rates in effect on that date and excludes any reserves for uncertain tax positions as we are unable to reasonably predict the ultimate amount or timing of settlement.

(b)

Excludes $3,743 million related to current maturities of long-term debt, $441 million related to the fair value step-up of debt acquired in connection with our acquisitions of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS), and $324 million related to the increase in carrying value of long-term debt reflecting the gains on our fair value interest rate swaps.

(c)	Interest payments on floating-rate debt are estimated using interest rates effective as of March 24, 2012.