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Basis of Presentation and Our Divisions (Tables)

12 Months Ended

Dec. 28, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Fiscal Period

The following chart details our quarterly reporting schedule for the three years presented:

Quarter		United States and Canada		International
First Quarter		12 weeks		January, February
Second Quarter		12 weeks		March, April and May
Third Quarter		12 weeks		June, July and August
Fourth Quarter		16 weeks		September, October, November and December

Share Based Compensation Percentage Allocation by Division [Table Text Block]

Share-Based Compensation Expense

Our divisions are held accountable for share-based compensation expense and, therefore, this expense is allocated to our divisions as an incremental employee compensation cost.

The allocation of share-based compensation expense of each division is as follows:

	2019			2018			2017
FLNA	13	%		13	%		13	%
QFNA	1	%		1	%		1	%
PBNA	17	%		18	%		18	%
LatAm	7	%		8	%		7	%
Europe	17	%		9	%		9	%
AMESA	3	%		4	%		5	%
APAC	5	%		4	%		4	%
Corporate unallocated expenses	37	%		43	%		43	%

The expense allocated to our divisions excludes any impact of changes in our assumptions during the year which reflect market conditions over which division management has no control. Therefore, any variances between allocated expense and our actual expense are recognized in corporate unallocated expenses.

Schedule of Segment Reporting Information, by Segment

Net revenue and operating profit of each division are as follows:

	Net Revenue												Operating Profit
	2019(a)				2018(a)				2017				2019				2018				2017
FLNA	$	17,078			$	16,346			$	15,798			$	5,258			$	5,008			$	4,793
QFNA	2,482				2,465				2,503				544				637				640
PBNA	21,730				21,072				20,936				2,179				2,276				2,700
LatAm	7,573				7,354				7,208				1,141				1,049				924
Europe	11,728				10,973				10,522				1,327				1,256				1,199
AMESA	3,651				3,657				3,674				671				661				789
APAC	2,919				2,794				2,884				477				619				401
Total division	67,161				64,661				63,525				11,597				11,506				11,446
Corporate unallocated expenses	—				—				—				(1,306		)		(1,396		)		(1,170		)
Total	$	67,161			$	64,661			$	63,525			$	10,291			$	10,110			$	10,276

(a) Our primary performance obligation is the distribution and sales of beverage products and food and snack products to our customers, with our food and snack business representing approximately 55% of our consolidated net revenue. Internationally, LatAm’s food and snack business is approximately 90% of the segment’s net revenue, Europe’s beverage business and food and snack business are approximately 55% and 45%, respectively, of the segment’s net revenue, AMESA’s beverage business and food and snack business are approximately 40% and 60%, respectively, of the segment’s net revenue and APAC’s beverage business and food and snack business are approximately 25% and 75%, respectively, of the segment’s net revenue. Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe segments, is approximately 40% of our consolidated net revenue. Generally, our

finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages. See Note 2 for further information.

Segment Reporting Information By Total Assets And Capital Spending

Total assets and capital spending of each division are as follows:

	Total Assets								Capital Spending
	2019				2018				2019				2018				2017
FLNA	$	7,519			$	6,577			$	1,227			$	840			$	665
QFNA	941				870				104				53				44
PBNA	31,449				29,878				1,053				945				904
LatAm	7,007				6,458				557				492				481
Europe	17,814				16,887				613				466				463
AMESA	3,672				3,252				267				198				181
APAC	4,113				3,704				195				138				145
Total division	72,515				67,626				4,016				3,132				2,883
Corporate (a)	6,032				10,022				216				150				86
Total	$	78,547			$	77,648			$	4,232			$	3,282			$	2,969

(a)

Corporate assets consist principally of certain cash and cash equivalents, restricted cash, short-term investments, derivative instruments, property, plant and equipment and tax assets. In 2019, the change in assets was primarily due to a decrease in cash and cash equivalents and restricted cash.

Segment Reporting Information By Amortization Of Intangible Assets And Depreciation And Other Amortization

Amortization of intangible assets and depreciation and other amortization of each division are as follows:

	Amortization of  Intangible Assets												Depreciation and Other Amortization
	2019				2018				2017				2019				2018				2017
FLNA	$	7			$	7			$	7			$	492			$	457			$	449
QFNA	—				—				—				44				45				47
PBNA	29				31				31				857				821				780
LatAm	5				5				5				270				253				245
Europe	37				23				22				341				319				317
AMESA	2				2				2				116				169				170
APAC	1				1				1				76				80				99
Total division	81				69				68				2,196				2,144				2,107
Corporate	—				—				—				155				186				194
Total	$	81			$	69			$	68			$	2,351			$	2,330			$	2,301

Segment Reporting Information By Net Revenue And Long-Lived Assets

Net revenue and long-lived assets by country are as follows:

	Net Revenue												Long-Lived Assets(a)
	2019				2018				2017				2019				2018
United States	$	38,644			$	37,148			$	36,546			$	30,601			$	29,169
Mexico	4,190				3,878				3,650				1,666				1,404
Russia	3,263				3,191				3,232				4,314				3,926
Canada	2,831				2,736				2,691				2,695				2,565
United Kingdom	1,723				1,743				1,650				827				759
China	1,300				1,164				963				705				509
Brazil	1,295				1,335				1,427				590				639
All other countries	13,915				13,466				13,366				12,134				11,660
Total	$	67,161			$	64,661			$	63,525			$	53,532			$	50,631

(a)

Long-lived assets represent property, plant and equipment, indefinite-lived intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. These assets are reported in the country where they are primarily used.

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