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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Mar. 20, 2021
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows:
| Currency Translation Adjustment |  | Cash Flow Hedges |  | Pension and Retiree Medical |  |  |  | Other |  | Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 26, 2020 (a) | $ | (11,940) |  |  | $ | 4 |  |  | $ | (3,520) |  |  |  |  | $ | (20) |  |  | $ | (15,476) |
Other comprehensive (loss)/income before reclassifications (b) | 128 |  |  | 97 |  |  | (20) |  |  |  |  | — |  |  | 205 |
Amounts reclassified from accumulated other comprehensive loss | 18 |  |  | (1) |  |  | 52 |  |  |  |  | — |  |  | 69 |
Net other comprehensive (loss)/income | 146 |  |  | 96 |  |  | 32 |  |  |  |  | — |  |  | 274 |
Tax amounts | (15) |  |  | (24) |  |  | (5) |  |  |  |  | — |  |  | (44) |
Balance as of March 20, 2021 (a) | $ | (11,809) |  |  | $ | 76 |  |  | $ | (3,493) |  |  |  |  | $ | (20) |  |  | $ | (15,246) |
(a)Pension and retiree medical amounts are net of taxes of $1,514 million as of December 26, 2020 and $1,509 million as of March 20, 2021. (b)Currency translation adjustment primarily reflects appreciation of the Canadian dollar, Pound sterling and Russian ruble.
| Currency Translation Adjustment |  | Cash Flow Hedges |  | Pension and Retiree Medical |  |  |  | Other |  | Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 28, 2019 (a) | $ | (11,290) |  |  | $ | (3) |  |  | $ | (2,988) |  |  |  |  | $ | (19) |  |  | $ | (14,300) |
Other comprehensive (loss)/income before reclassifications (b) | (735) |  |  | (236) |  |  | 21 |  |  |  |  | 1 |  |  | (949) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 157 |  |  | 50 |  |  |  |  | — |  |  | 207 |
Net other comprehensive (loss)/income | (735) |  |  | (79) |  |  | 71 |  |  |  |  | 1 |  |  | (742) |
Tax amounts | (19) |  |  | 18 |  |  | (14) |  |  |  |  | — |  |  | (15) |
Balance as of March 21, 2020 (a) | $ | (12,044) |  |  | $ | (64) |  |  | $ | (2,931) |  |  |  |  | $ | (18) |  |  | $ | (15,057) |
(a)Pension and retiree medical amounts are net of taxes of $1,370 million as of December 28, 2019 and $1,356 million as of March 21, 2020. (b)Currency translation adjustment primarily reflects depreciation of the Russian ruble, Canadian dollar and Mexican peso.
Reclassifications out of Accumulated Other Comprehensive Loss | The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:
|  |  |  | 12 Weeks Ended |  |
|  |  |  |  |  | 3/20/2021 |  | 3/21/2020 |  | Affected Line Item in the Income Statement
Currency translation: |  |  |  |  |  |  |  |  |  |
Divestiture |  |  |  |  |  | $ | 18 |  |  | $ | — |  |  | Selling, general and administrative expenses
Cash flow hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  | $ | 1 |  |  | $ | — |  |  | Net revenue
Foreign exchange contracts |  |  |  |  |  | 12 |  |  | 4 |  |  | Cost of sales
Interest rate derivatives |  |  |  |  |  | (4) |  |  | 150 |  |  | Net interest expense and other
Commodity contracts |  |  |  |  |  | (11) |  |  | 3 |  |  | Cost of sales
Commodity contracts |  |  |  |  |  | 1 |  |  | — |  |  | Selling, general and administrative expenses
Net (gains)/losses before tax |  |  |  |  |  | (1) |  |  | 157 |  |  |
Tax amounts |  |  |  |  |  | 1 |  |  | (39) |  |  |
Net losses after tax |  |  |  |  |  | $ | — |  |  | $ | 118 |  |  |
Pension and retiree medical items: |  |  |  |  |  |  |  |  |  |
Amortization of prior service credits |  |  |  |  |  | $ | (9) |  |  | $ | — |  |  | Other pension and retiree medical benefits income
Amortization of net losses |  |  |  |  |  | 61 |  |  | 50 |  |  | Other pension and retiree medical benefits income
Net losses before tax |  |  |  |  |  | 52 |  |  | 50 |  |  |
Tax amounts |  |  |  |  |  | (11) |  |  | (11) |  |  |
Net losses after tax |  |  |  |  |  | $ | 41 |  |  | $ | 39 |  |  |
Total net losses reclassified, net of tax |  |  |  |  |  | $ | 59 |  |  | $ | 157 |  |  |

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