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Basis of Presentation and Our Divisions (Tables)
 12 Months Ended
Dec. 26, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fiscal Period
Our fiscal year ends on the last Saturday of each December, resulting in an additional week of results every five or six years. While our North America results are reported on a weekly calendar basis, substantially all of our international operations report on a monthly calendar basis. Certain operations in our Europe segment report on a weekly calendar basis. The following chart details our quarterly reporting schedule for the three years presented:
QuarterUnited States and CanadaInternational
First Quarter12 weeksJanuary, February
Second Quarter12 weeksMarch, April and May
Third Quarter12 weeksJune, July and August
Fourth Quarter16 weeksSeptember, 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:
202020192018
FLNA13 %13 %13 %
QFNA1 %1 %1 %
PBNA18 %17 %18 %
LatAm6 %7 %8 %
Europe16 %17 %9 %
AMESA6 %3 %4 %
APAC2 %5 %4 %
Corporate unallocated expenses38 %37 %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 RevenueOperating Profit
 202020192018202020192018
FLNA$18,189 $17,078 $16,346 $5,340 $5,258 $5,008 
QFNA2,742 2,482 2,465 669 544 637 
PBNA22,559 21,730 21,072 1,937 2,179 2,276 
LatAm6,942 7,573 7,354 1,033 1,141 1,049 
Europe11,922 11,728 10,973 1,353 1,327 1,256 
AMESA (a)
4,573 3,651 3,657 600 671 661 
APAC (b)
3,445 2,919 2,794 590 477 619 
Total division70,372 67,161 64,661 11,522 11,597 11,506 
Corporate unallocated expenses— — — (1,442)(1,306)(1,396)
Total$70,372 $67,161 $64,661 $10,080 $10,291 $10,110 
(a)In 2020, the increase in net revenue primarily reflects our acquisition of Pioneer Foods. See Note 14 for further information.
(b)In 2020, the increase in net revenue primarily reflects our acquisition of Be & Cheery. See Note 14 for further information.
Our primary performance obligation is the distribution and sales of beverage and food and snack products to our customers. The following tables reflect the approximate percentage of net revenue generated between our beverage business and our food and snack business for each of our international divisions, as well as our consolidated net revenue:
202020192018
Beverage(a)
Food/Snack
Beverage(a)
Food/Snack
Beverage(a)
Food/Snack
LatAm10 %90 %10 %90 %10 %90 %
Europe55 %45 %55 %45 %50 %50 %
AMESA (b)
30 %70 %40 %60 %45 %55 %
APAC25 %75 %25 %75 %25 %75 %
PepsiCo45 %55 %45 %55 %45 %55 %
(a)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 in 2020, 2019 and 2018. 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.
(b)The increase in the approximate percentage of net revenue generated by our food and snack business primarily reflects our acquisition of Pioneer Foods. See Note 14 for further information.
Operating profit in 2020 includes certain pre-tax charges taken as a result of the COVID-19 pandemic. These pre-tax charges by division are as follows:
2020
Allowances for Expected Credit Losses(a)
Upfront Payments to Customers(b)
Inventory Write-Downs and Product Returns(c)
Employee Compensation Expense(d)
Employee Protection Costs(e)
Other(f)
Total
FLNA$17 $— $8 $145 $59 $— $229 
QFNA2 — — 9 3 1 15 
PBNA29 56 28 115 50 26 304 
LatAm1 — 19 56 18 8 102 
Europe5 3 11 23 22 24 88 
AMESA2 — 3 9 7 12 33 
APAC (g)
— — 3 (7)2 5 3 
Total$56 $59 $72 $350 $161 $76 $774 
(a)Reflects the expected impact of the global economic uncertainty caused by COVID-19, leveraging estimates of creditworthiness, projections of default and recovery rates for certain of our customers, including foodservice and vending businesses.
(b)Relates to promotional spending for which benefit is not expected to be received.
(c)Includes a reserve for product returns of $20 million.
(d)Includes incremental frontline incentive pay, crisis child care and other leave benefits and labor costs.
(e)Includes costs associated with personal protective equipment, temperature scans, cleaning and other sanitization services.
(f)Includes reserves for property, plant and equipment, donations of cash and product and other costs.
(g)Income amount includes a social welfare relief credit of $11 million.
Segment Reporting Information By Total Assets And Capital Spending
Total assets and capital spending of each division are as follows:
 Total AssetsCapital Spending
 20202019202020192018
FLNA$8,730 $7,519 $1,189 $1,227 $840 
QFNA1,021 941 85 104 53 
PBNA (a)
37,079 31,449 1,245 1,053 945 
LatAm6,977 7,007 390 557 492 
Europe17,917 17,814 730 613 466 
AMESA (b)
5,942 3,672 252 267 198 
APAC (c)
5,770 4,113 230 195 138 
Total division83,436 72,515 4,121 4,016 3,132 
Corporate (d)
9,482 6,032 119 216 150 
Total$92,918 $78,547 $4,240 $4,232 $3,282 
(a)In 2020, the increase in assets was primarily related to our acquisition of Rockstar. See Note 14 for further information.
(b)In 2020, the increase in assets was primarily related to our acquisition of Pioneer Foods. See Note 14 for further information.
(c)In 2020, the increase in assets was primarily related to our acquisition of Be & Cheery. See Note 14 for further information.
(d)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 2020, the change in assets was primarily due to an increase in cash and cash equivalents and short-term investments. Refer to the cash flow statement for further information.
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
 202020192018202020192018
FLNA$10 $7 $7 $550 $492 $457 
QFNA— — — 41 44 45 
PBNA28 29 31 899 857 821 
LatAm4 5 5 251 270 253 
Europe40 37 23 350 341 319 
AMESA3 2 2 149 116 169 
APAC5 1 1 91 76 80 
Total division90 81 69 2,331 2,196 2,144 
Corporate— — — 127 155 186 
Total$90 $81 $69 $2,458 $2,351 $2,330 
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)
 20202019201820202019
United States (b)
$40,800 $38,644 $37,148 $36,657 $30,601 
Mexico3,924 4,190 3,878 1,708 1,666 
Russia3,009 3,263 3,191 3,644 4,314 
Canada2,989 2,831 2,736 2,794 2,695 
United Kingdom1,882 1,723 1,743 874 827 
China (c)
1,732 1,300 1,164 1,649 705 
South Africa (d)
1,282 405 432 1,484 137 
All other countries14,754 14,805 14,369 13,423 12,587 
Total$70,372 $67,161 $64,661 $62,233 $53,532 
(a)Long-lived assets represent property, plant and equipment, indefinite-lived intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. See Note 2 and Note 15 for further information on property, plant and equipment. See Note 2 and Note 4 for further information on goodwill and other intangible assets. Investments in noncontrolled affiliates are evaluated for impairment upon a significant change in the operating or macroeconomic environment. These assets are reported in the country where they are primarily used.
(b)In 2020, the increase in long-lived assets was primarily related to our acquisition of Rockstar. See Note 14 for further information.
(c)In 2020, the increase in net revenue and long-lived assets was primarily related to our acquisition of Be & Cheery. See Note 14 for further information.
(d)In 2020, the increase in net revenue and long-lived assets was primarily related to our acquisition of Pioneer Foods. See Note 14 for further information.