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Selected Quarterly Financial Data (Unaudited) (Notes) | 12 Months Ended
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Dec. 28, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information [Text Block] | Selected Quarterly Financial Data (unaudited) Selected financial data for 2019 and 2018 is summarized as follows and highlights certain items that impacted our quarterly results:
| 2019 |  | 2018
| First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Net revenue | $ | 12,884 |  |  | $ | 16,449 |  |  | $ | 17,188 |  |  | $ | 20,640 |  |  | $ | 12,562 |  |  | $ | 16,090 |  |  | $ | 16,485 |  |  | $ | 19,524 |
Gross profit | $ | 7,196 |  |  | $ | 9,045 |  |  | $ | 9,494 |  |  | $ | 11,294 |  |  | $ | 6,907 |  |  | $ | 8,827 |  |  | $ | 8,958 |  |  | $ | 10,588 |
Operating profit | $ | 2,008 |  |  | $ | 2,729 |  |  | $ | 2,855 |  |  | $ | 2,699 |  |  | $ | 1,807 |  |  | $ | 3,028 |  |  | $ | 2,844 |  |  | $ | 2,431 |
Mark-to-market net impact (a) | $ | 60 |  |  | $ | (6 | ) |  | $ | (4 | ) |  | $ | 62 |  |  | $ | (31 | ) |  | $ | 3 |  |  | $ | (29 | ) |  | $ | (106 | )
Restructuring and impairment charges (b) | $ | (26 | ) |  | $ | (158 | ) |  | $ | (98 | ) |  | $ | (88 | ) |  | $ | (12 | ) |  | $ | (32 | ) |  | $ | (35 | ) |  | $ | (229 | )
Inventory fair value adjustments and merger and integration charges (c) | $ | (15 | ) |  | $ | (24 | ) |  | $ | (7 | ) |  | $ | (9 | ) |  | — |  |  | — |  |  | — |  |  | $ | (75 | )
Pension-related settlement charges (d) | — |  |  | — |  |  | — |  |  | $ | (273 | ) |  | — |  |  | — |  |  | — |  |  | — |
Net tax related to the TCJ Act (e) | $ | 29 |  |  | — |  |  | — |  |  | $ | (21 | ) |  | $ | (1 | ) |  | $ | (777 | ) |  | $ | (76 | ) |  | $ | 882 |
Gains on sale of assets (f) | — |  |  | $ | 32 |  |  | — |  |  | $ | 45 |  |  | $ | 18 |  |  | $ | 9 |  |  | $ | 37 |  |  | $ | 12 |
Other net tax benefits (g) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | 314 |  |  | $ | 364 |  |  | $ | 4,386 |
Charges related to cash tender and exchange offers (h) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | (253 | )
Tax reform bonus (i) | — |  |  | — |  |  | — |  |  | — |  |  | $ | (87 | ) |  | — |  |  | — |  |  | — |
Gains on beverage refranchising (j) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | 144 |  |  | — |  |  | $ | 58 |
Provision for/(benefit from) income taxes (e)(f) | $ | 446 |  |  | $ | 524 |  |  | $ | 559 |  |  | $ | 430 |  |  | $ | 304 |  |  | $ | 1,070 |  |  | $ | 188 |  |  | $ | (4,932 | )
Net income attributable to PepsiCo | $ | 1,413 |  |  | $ | 2,035 |  |  | $ | 2,100 |  |  | $ | 1,766 |  |  | $ | 1,343 |  |  | $ | 1,820 |  |  | $ | 2,498 |  |  | $ | 6,854 |
Net income attributable to PepsiCo per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 1.01 |  |  | $ | 1.45 |  |  | $ | 1.50 |  |  | $ | 1.27 |  |  | $ | 0.94 |  |  | $ | 1.28 |  |  | $ | 1.77 |  |  | $ | 4.86 |
Diluted | $ | 1.00 |  |  | $ | 1.44 |  |  | $ | 1.49 |  |  | $ | 1.26 |  |  | $ | 0.94 |  |  | $ | 1.28 |  |  | $ | 1.75 |  |  | $ | 4.83 |
Cash dividends declared per common share | $ | 0.9275 |  |  | $ | 0.955 |  |  | $ | 0.955 |  |  | $ | 0.955 |  |  | $ | 0.805 |  |  | $ | 0.9275 |  |  | $ | 0.9275 |  |  | $ | 0.9275 |
(a) | Mark-to-market net gains and losses on commodity derivatives in corporate unallocated expenses.
(b) | Expenses related to the 2019 and 2014 Productivity Plans. See Note 3 to our consolidated financial statements for further information.
(c) | In 2019, inventory fair value adjustments and merger and integration charges primarily related to our acquisition of SodaStream. In 2018, merger and integration charges related to our acquisition of SodaStream. See Note 14 to our consolidated financial statements for further information.
(d) | In 2019, pension settlement charges of $220 million related to the purchase of a group annuity contract and settlement charges of $53 million related to one-time lump sum payments to certain former employees who had vested benefits, recorded in other pension and retiree medical benefits expense/income. See Note 7 to our consolidated financial statements for further information.
(e) | Net tax related to the TCJ Act. See Note 5 to our consolidated financial statements for further information.
(f) | In 2019, gains associated with the sale of assets in the following segments: $31 million in FLNA and $46 million in PBNA. In 2018, gains associated with the sale of assets in the following segments: $64 million in PBNA and $12 million in AMESA.
(g) | In 2018, other net tax benefits of $4.3 billion resulting from the reorganization of our international operations, including the intercompany transfer of certain intangible assets. Also in 2018, non-cash tax benefits of $717 million associated with both the conclusion of certain international tax audits and our agreement with the IRS resolving all open matters related to the audits of taxable years 2012 and 2013. See Note 5 to our consolidated financial statements for further information.
(h) | In 2018, interest expense in connection with our cash tender and exchange offers, primarily representing the tender price paid over the carrying value of the tendered notes. See Note 8 to our consolidated financial statements for further information.
(i) | In 2018, bonus extended to certain U.S. employees related to the TCJ Act in the following segments: $44 million in FLNA, $2 million in QFNA and $41 million in PBNA.
(j) In 2018, gains of $58 million and $144 million associated with refranchising our entire beverage bottling operations and snack distribution operations in CHS in the Europe segment and refranchising a portion of our beverage business in Thailand in the APAC segment, respectively. See Note 14 to our consolidated financial statements for further information.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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