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Restructuring and Impairment Charges (Tables)

8 Months Ended

Sep. 07, 2019

2019 Productivity Plan [Member]

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity [Table Text Block]

A summary of our 2019 Productivity Plan charges is as follows:

	9/7/2019
	12 Weeks Ended				36 Weeks Ended
Cost of sales	$	10			$	100
Selling, general and administrative expenses	83				182
Other pension and retiree medical benefits expense	5				—
Total restructuring and impairment charges	$	98			$	282
After-tax amount	$	82			$	225
Net income attributable to PepsiCo per common share	$	0.06			$	0.16

	9/7/2019
	12 Weeks Ended				36 Weeks Ended				Plan to Date
FLNA	$	16			$	22			$	53
QFNA	2				2				7
PBNA	26				42				82
LatAm	22				43				52
ESSA	14				73				81
AMENA	10				63				66
Corporate	3				37				44
	93				282				385
Other pension and retiree medical benefits expense	5				—				35
	$	98			$	282			$	420

	9/7/2019
	12 Weeks Ended				36 Weeks Ended				Plan to Date
Severance and other employee costs	$	65			$	105			$	242
Asset impairments	3				87				87
Other costs (a)	30				90				91
	$	98			$	282			$	420

(a) Includes other costs associated with the implementation of our initiatives, including contract termination costs, consulting and other professional fees.

A summary of our 2019 Productivity Plan activity for the 36 weeks ended September 7, 2019 is as follows:

	Severance and Other Employee Costs				Asset Impairments				Other Costs				Total
Liability as of December 29, 2018	$	105			$	—			$	1			$	106
2019 restructuring charges	105				87				90				282
Cash payments (a)	(88		)		—				(45		)		(133		)
Non-cash charges and translation	(5		)		(87		)		1				(91		)
Liability as of September 7, 2019	$	117			$	—			$	47			$	164

(a)

Excludes cash expenditures of $3 million reported in the cash flow statement in pension and retiree medical contributions.

2014 Productivity Plan [Member]

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity [Table Text Block]

A summary of our 2014 Productivity Plan charges is as follows:

	9/8/2018
	12 Weeks Ended				36 Weeks Ended
Selling, general and administrative expenses	$	35			$	75
Other pension and retiree medical benefits expense	—				4
Total restructuring and impairment charges	$	35			$	79
After-tax amount	$	31			$	66
Net income attributable to PepsiCo per common share	$	0.02			$	0.05

	9/8/2018
	12 Weeks Ended				36 Weeks Ended
FLNA (a)	$	(3	)		$	6
QFNA	—				1
PBNA	13				25
LatAm	6				18
ESSA	17				25
AMENA	2				6
Corporate (a)	—				(2		)
	$	35			$	79

(a) Income amounts represent adjustments for changes in estimates of previously recorded amounts.

	9/8/2018
	12 Weeks Ended				36 Weeks Ended
Severance and other employee costs	$	24			$	48
Asset impairments	3				11
Other costs	8				20
	$	35			$	79

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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