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Restructuring and Impairment Charges (Tables)

3 Months Ended

Mar. 20, 2021

2019 Productivity Plan [Member]

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity [Table Text Block]

The total expected plan pre-tax charges are expected to be incurred by division approximately as follows:

			FLNA						QFNA						PBNA						LatAm						Europe						AMESA						APAC						Corporate
Expected pre-tax charges			15		%				1		%				30		%				10		%				25		%				5		%				3		%				11		%

A summary of our 2019 Productivity Plan charges is as follows:

									12 Weeks Ended
															3/20/2021						3/21/2020
Cost of sales															$	2					$	2
Selling, general and administrative expenses															35						30
Other pension and retiree medical benefits expense															6						6
Total restructuring and impairment charges															$	43					$	38
After-tax amount															$	35					$	32
Net income attributable to PepsiCo per common share															$	(0.03)					$	(0.02)

									12 Weeks Ended												Plan to Date
															3/20/2021						3/21/2020						through 3/20/2021
FLNA															$	15					$	5					$	151
QFNA															—						1						12
PBNA															4						3						142
LatAm															2						5						104
Europe															11						8						164
AMESA															1						2						56
APAC															—						—						54
Corporate															4						8						94
															37						32						777
Other pension and retiree medical benefits expense															6						6						63
Total															$	43					$	38					$	840

									12 Weeks Ended												Plan to Date
															3/20/2021						3/21/2020						through 3/20/2021
Severance and other employee costs															$	34					$	22					$	478
Asset impairments															—						1						125
Other costs															9						15						237
Total															$	43					$	38					$	840

A summary of our 2019 Productivity Plan activity for the 12 weeks ended March 20, 2021 is as follows:

			Severance and Other Employee Costs												Other Costs						Total
Liability as of December 26, 2020			$	122											$	5					$	127
2021 restructuring charges			34												9						43
Cash payments			(37)												(12)						(49)
Non-cash charges and translation			(6)												1						(5)
Liability as of March 20, 2021			$	113											$	3					$	116

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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