XML 41 R77.htm IDEA: XBRL DOCUMENT v2.4.1.9
Financial Instruments (Fair Values of Financial Assets and Liabilities) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2014
Dec. 28, 2013
Derivatives, Fair Value [Line Items]    
Total asset derivatives at fair value $ 307us-gaap_DerivativeFairValueOfDerivativeAsset [1],[2] $ 326us-gaap_DerivativeFairValueOfDerivativeAsset [1],[2]
Total liability derivatives at fair value 393us-gaap_DerivativeFairValueOfDerivativeLiability [1],[2] 243us-gaap_DerivativeFairValueOfDerivativeLiability [1],[2]
Total Financial Assets at Fair Value 3,821pep_TotalFinancialAssetsAtFairValue [1] 669pep_TotalFinancialAssetsAtFairValue [1]
Total Financial Liabilities at Fair Value 897pep_TotalFinancialLiabilitiesAtFairValue [1] 747pep_TotalFinancialLiabilitiesAtFairValue [1]
Assets [Member]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities 3,291us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 135us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember
Short-term investments - index funds, at fair value 197us-gaap_TradingSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[3] 184us-gaap_TradingSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[3]
Prepaid forward contracts 26pep_PrepaidForwardDerivativeAssetFairValue
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[4] 24pep_PrepaidForwardDerivativeAssetFairValue
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[4]
Deferred compensation 0us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[5] 0us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[5]
Liability [Member]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities 0us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 0us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember
Short-term investments - index funds, at fair value 0us-gaap_TradingSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[3] 0us-gaap_TradingSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[3]
Prepaid forward contracts 0pep_PrepaidForwardDerivativeAssetFairValue
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[4] 0pep_PrepaidForwardDerivativeAssetFairValue
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[4]
Deferred compensation 504us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[5] 504us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[5]
Assets [Member] | Assets [Member]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities 124us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AssetsMember		 [1],[6] 135us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AssetsMember		 [1],[6]
Liability [Member] | Liability [Member]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities 0us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_LiabilityMember		 [1],[6] 0us-gaap_AvailableForSaleSecurities
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_LiabilityMember		 [1],[6]
Liability [Member] | Liability [Member]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities 0us-gaap_AvailableForSaleSecurities
/ us-gaap_DebtInstrumentAxis
= us-gaap_LiabilityMember
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[7] 0us-gaap_AvailableForSaleSecurities
/ us-gaap_DebtInstrumentAxis
= us-gaap_LiabilityMember
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_LiabilityMember		 [1],[7]
Assets [Member] | Assets [Member]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities 3,167us-gaap_AvailableForSaleSecurities
/ us-gaap_DebtInstrumentAxis
= us-gaap_AssetsMember
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[7] 0us-gaap_AvailableForSaleSecurities
/ us-gaap_DebtInstrumentAxis
= us-gaap_AssetsMember
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_AssetsMember		 [1],[7]
Derivatives Not Designated As Hedging Instruments Liabilities [Member]    
Derivatives, Fair Value [Line Items]    
Forward exchange contracts 13us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1],[8] 8us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1],[8]
Interest rate derivatives 75us-gaap_InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1],[9] 94us-gaap_InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1],[9]
Commodity contracts - other 166us-gaap_PriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1],[10] 89us-gaap_PriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1],[10]
Derivatives not designated as hedging instruments, Liabilities, Total 254us-gaap_OtherDerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1] 191us-gaap_OtherDerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsLiabilitiesMember		 [1]
Derivatives Not Designated As Hedging Instruments Assets [Member]    
Derivatives, Fair Value [Line Items]    
Forward exchange contracts 12us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1],[8] 12us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1],[8]
Interest rate derivatives 57us-gaap_InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1],[9] 71us-gaap_InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1],[9]
Commodity contracts - other 18us-gaap_PriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1],[10] 20us-gaap_PriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1],[10]
Derivatives not designated as hedging instruments, Assets, Total 87us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1] 103us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesNotDesignatedAsHedgingInstrumentsAssetsMember		 [1]
Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]    
Derivatives, Fair Value [Line Items]    
Forward exchange contracts 12us-gaap_ForeignCurrencyCashFlowHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1],[8] 13us-gaap_ForeignCurrencyCashFlowHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1],[8]
Interest rate derivatives 117us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1],[8] 0us-gaap_InterestRateCashFlowHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1],[8]
Commodity contracts - other 10us-gaap_PriceRiskCashFlowHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1],[10] 29us-gaap_PriceRiskCashFlowHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1],[10]
Derivatives designated as hedging instruments, Liabilities, Total 139us-gaap_CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1] 42us-gaap_CashFlowHedgeDerivativeInstrumentLiabilitiesAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsLiabilitiesMember		 [1]
Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]    
Derivatives, Fair Value [Line Items]    
Forward exchange contracts 76us-gaap_ForeignCurrencyCashFlowHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1],[8] 22us-gaap_ForeignCurrencyCashFlowHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1],[8]
Interest rate derivatives 1us-gaap_InterestRateCashFlowHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1],[8] 19us-gaap_InterestRateCashFlowHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1],[8]
Commodity contracts - other 3us-gaap_PriceRiskCashFlowHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1],[10] 6us-gaap_PriceRiskCashFlowHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1],[10]
Derivatives designated as hedging instruments, Assets, Total 80us-gaap_CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1] 47us-gaap_CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsCashFlowHedgingInstrumentsAssetsMember		 [1]
Derivatives Designated As Fair Value Hedging Instruments Assets [Member]    
Derivatives, Fair Value [Line Items]    
Interest rate derivatives 140us-gaap_InterestRateFairValueHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsFairValueHedgingInstrumentsAssetsMember		 [1],[9] 176us-gaap_InterestRateFairValueHedgeAssetAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsFairValueHedgingInstrumentsAssetsMember		 [1],[9]
Derivatives Designated As Fair Value Hedging Instruments Liabilities [Member]    
Derivatives, Fair Value [Line Items]    
Interest rate derivatives 0us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsFairValueHedgingInstrumentsLiabilitiesMember		 [1],[9] 10us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue
/ us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis
= pep_DerivativesDesignatedAsFairValueHedgingInstrumentsLiabilitiesMember		 [1],[9]
Cash and Cash Equivalents [Domain]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities 800us-gaap_AvailableForSaleSecurities
/ pep_AvailableforsaleAxis
= us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember		  
Short-term Investments [Member]    
Derivatives, Fair Value [Line Items]    
Available-for-sale securities $ 2,400us-gaap_AvailableForSaleSecurities
/ pep_AvailableforsaleAxis
= us-gaap_ShortTermInvestmentsMember		  
[1] Unless otherwise noted, financial assets are classified on our consolidated balance sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our consolidated balance sheet within accounts payable and other current liabilities and other liabilities. Unless specifically indicated, all financial assets and liabilities are categorized as Level 2 assets or liabilities.
[2] Unless otherwise noted, derivative assets and liabilities are presented on a gross basis on our consolidated balance sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the consolidated balance sheet as of December 27, 2014 and December 28, 2013 were immaterial. Collateral received against any of our asset positions was immaterial.
[3] Based on the price of index funds. Categorized as a Level 1 asset. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability.
[4] Based primarily on the price of our common stock.
[5] Based on the fair value of investments corresponding to employees’ investment elections.
[6] Based on the price of common stock. Categorized as a Level 1 asset. These equity securities are classified as investments in noncontrolled affiliates.
[7] Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of December 27, 2014, $0.8 billion and $2.4 billion of debt securities were classified as cash equivalents and short-term investments, respectively. All of the Company’s available-for-sale debt securities have contractual maturities of one year or less.
[8] Based on recently reported market transactions of spot and forward rates.
[9] Based on LIBOR forward rates and recently reported market transactions of spot and forward rates. As of December 27, 2014 and December 28, 2013, amounts related to non-designated instruments are presented as a net liability on our consolidated balance sheet.
[10] Based on recently reported market transactions, primarily swap arrangements.