What is the parent company of Lay's?

Can you clarify for me who the parent company of Lay's is? I'm curious to know more about the brand's ownership structure and how it fits into the larger corporate landscape. Is Lay's a stand-alone entity, or is it part of a larger holding company or conglomerate? Understanding this information can provide valuable insights into the brand's strategic direction and potential future developments. So, could you please elaborate on the parent company of Lay's and its role in the industry?