XML 52 R33.htm IDEA: XBRL DOCUMENT
v3.20.4

Share-Based Compensation Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 26, 2020
Share-based Payment Arrangement [Abstract] |
Share-based Payment Arrangement, Cost by Plan [Table Text Block] | The following table summarizes our total share-based compensation expense, which is primarily recorded in selling, general and administrative expenses, and excess tax benefits recognized:
| 2020 |  | 2019 |  | 2018
Share-based compensation expense - equity awards | $ | 264 |  |  | $ | 237 |  |  | $ | 256 |
Share-based compensation expense - liability awards | 11 |  |  | 8 |  |  | 20 |
Restructuring charges | (1) |  |  | (2) |  |  | (6) |
Total | $ | 274 |  |  | $ | 243 |  |  | $ | 270 |
Income tax benefits recognized in earnings related to share-based compensation | $ | 48 |  |  | $ | 39 |  |  | $ | 45 |
Excess tax benefits related to share-based compensation | $ | 35 |  |  | $ | 50 |  |  | $ | 48 |
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions | Our weighted-average Black-Scholes fair value assumptions are as follows:
| 2020 |  | 2019 |  | 2018
Expected life | 6 years |  | 5 years |  | 5 years
Risk-free interest rate | 0.9 | % |  | 2.4 | % |  | 2.6 | %
Expected volatility | 14 | % |  | 14 | % |  | 12 | %
Expected dividend yield | 3.4 | % |  | 3.1 | % |  | 2.7 | %
Share-based Payment Arrangement, Option, Activity [Table Text Block] | A summary of our stock option activity for the year ended December 26, 2020 is as follows:
| Options(a) |  | Weighted-Average Exercise Price |  | Weighted-Average Contractual Life Remaining (years) |  | Aggregate Intrinsic Value(a)
Outstanding at December 28, 2019 | 11,625 |  |  | $ | 89.03 |  |  |  |  |
Granted | 1,847 |  |  | $ | 131.79 |  |  |  |  |
Exercised | (2,440) |  |  | $ | 73.37 |  |  |  |  |
Forfeited/expired | (392) |  |  | $ | 102.69 |  |  |  |  |
Outstanding at December 26, 2020 | 10,640 |  |  | $ | 99.54 |  |  | 5.26 |  | $ | 484,362 |
Exercisable at December 26, 2020 | 6,545 |  |  | $ | 85.84 |  |  | 3.31 |  | $ | 387,625 |
Expected to vest as of December 26, 2020 | 3,719 |  |  | $ | 120.67 |  |  | 8.31 |  | $ | 90,725 |
(a)In thousands.
Our RSU and PSU Activity |
| RSUs/PSUs(a) |  | Weighted-Average Grant-Date Fair Value |  | Weighted-Average Contractual Life Remaining (years) |  | Aggregate Intrinsic Value(a)
Outstanding at December 28, 2019 | 6,380 |  |  | $ | 111.53 |  |  |  |  |
Granted (b) | 2,496 |  |  | $ | 131.21 |  |  |  |  |
Converted (c) | (2,315) |  |  | $ | 109.61 |  |  |  |  |
Forfeited | (434) |  |  | $ | 117.51 |  |  |  |  |
Outstanding at December 26, 2020 (d) | 6,127 |  |  | $ | 119.92 |  |  | 1.27 |  | $ | 888,832 |
Expected to vest as of December 26, 2020 | 5,447 |  |  | $ | 119.72 |  |  | 1.26 |  | $ | 790,179 |
(a)In thousands. (b)Grant activity for all PSUs are disclosed at target. (c)Represents the number of PSUs that vested during the year, net of awards above and below target levels based on the achievement of its performance conditions. (d)The outstanding PSUs for which the vesting period has not ended as of December 26, 2020, at the threshold, target and maximum award levels were zero, 1 million and 2 million, respectively.
Schedule of Liability Award Vested and Expected to Vest [Table Text Block] |
| Long-Term Cash Award(a) |  | Balance Sheet Date Fair Value(a) |  | Contractual Life Remaining (years)
Outstanding at December 28, 2019 | $ | 44,224 |  |  |  |  |
Granted (b) | 18,975 |  |  |  |  |
Vested (c) | (15,686) |  |  |  |  |
Forfeited | — |  |  |  |  |
Outstanding at December 26, 2020 (d) | $ | 47,513 |  |  | $ | 45,669 |  |  | 1.23
Expected to vest as of December 26, 2020 | $ | 42,658 |  |  | $ | 41,318 |  |  | 1.14
(a)In thousands. (b)Grant activity for all long-term cash awards are disclosed at target. (c)Represents the amount of long-term cash awards that vested during the year, net of awards above and below target levels based on the achievement of its market conditions. (d)The outstanding long-term cash awards for which the vesting period has not ended as of December 26, 2020, at the threshold, target and maximum award levels were zero, 48 million and 95 million, respectively
Other Share-Based Compensation Data | The following is a summary of other share-based compensation data:
| 2020 |  | 2019 |  | 2018
Stock Options |  |  |  |  |
Total number of options granted (a) | 1,847 |  |  | 1,286 |  |  | 1,429 |
Weighted-average grant-date fair value of options granted | $ | 8.31 |  |  | $ | 10.89 |  |  | $ | 9.80 |
Total intrinsic value of options exercised (a) | $ | 155,096 |  |  | $ | 275,745 |  |  | $ | 224,663 |
Total grant-date fair value of options vested (a) | $ | 8,652 |  |  | $ | 9,838 |  |  | $ | 15,506 |
RSUs/PSUs |  |  |  |  |
Total number of RSUs/PSUs granted (a) | 2,496 |  |  | 2,754 |  |  | 2,634 |
Weighted-average grant-date fair value of RSUs/PSUs granted | $ | 131.21 |  |  | $ | 116.87 |  |  | $ | 108.75 |
Total intrinsic value of RSUs/PSUs converted (a) | $ | 303,165 |  |  | $ | 333,951 |  |  | $ | 260,287 |
Total grant-date fair value of RSUs/PSUs vested (a) | $ | 235,523 |  |  | $ | 275,234 |  |  | $ | 232,141 |
PEPunits |  |  |  |  |
Total intrinsic value of PEPunits converted (a) | $ | — |  |  | $ | — |  |  | $ | 30,147 |
Total grant-date fair value of PEPunits vested (a) | $ | — |  |  | $ | — |  |  | $ | 9,430 |
(a)In thousands.

X
- Definition Schedule of Liability Award Vested and Expected to Vest [Table Text Block] + References No definition available. + Details
Name: | pep_ScheduleofLiabilityAwardVestedandExpectedtoVestTableTextBlock
Namespace Prefix: | pep_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration