Complex sentence: The Coca-Cola Company has historically been considered PepsiCo's primary competitor in the beverage market, and in December 2005, PepsiCo surpassed The Coca-Cola Company in market value for the first time in 112 years since both companies began to compete.
Split into simpler sentences: The Coca-Cola Company has historically been considered PepsiCo's primary competitor in the beverage market,. In December 2005, PepsiCo surpassed The Coca-Cola Company in market value for the first time in 112 years since both companies began to compete.