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Basis of Presentation (Tables)

6 Months Ended

Jun. 12, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

Net revenue of each division is as follows:

			12 Weeks Ended												24 Weeks Ended
			6/12/2021						6/13/2020						6/12/2021						6/13/2020
FLNA			$	4,552					$	4,273					$	8,788					$	8,347
QFNA			575						664						1,221						1,298
PBNA			6,156						4,970						11,230						9,808
LatAm			1,967						1,567						3,209						2,877
Europe			3,286						2,725						5,081						4,564
AMESA (a)			1,602						983						2,485						1,614
APAC (b)			1,079						763						2,023						1,318
Total			$	19,217					$	15,945					$	34,037					$	29,826

(a)The increase primarily reflects our acquisition of Pioneer Food Group Ltd. (Pioneer Foods). See Note 12 for further information.

(b)The increase primarily reflects our acquisition of Hangzhou Haomusi Food Co., Ltd. (Be & Cheery). See Note 12 for further information.

Disaggregation of Revenue [Table Text Block]

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:

			12 Weeks Ended
			6/12/2021												6/13/2020
			Beverage(a)						Food/Snack						Beverage(a)						Food/Snack
LatAm			10		%				90		%				10		%				90		%
Europe			55		%				45		%				50		%				50		%
AMESA			35		%				65		%				40		%				60		%
APAC			25		%				75		%				25		%				75		%
PepsiCo			45		%				55		%				45		%				55		%

			24 Weeks Ended
			6/12/2021												6/13/2020
			Beverage(a)						Food/Snack						Beverage(a)						Food/Snack
LatAm			10		%				90		%				10		%				90		%
Europe			55		%				45		%				55		%				45		%
AMESA			30		%				70		%				35		%				65		%
APAC			20		%				80		%				25		%				75		%
PepsiCo			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 each of the 12 and 24 weeks ended June 12, 2021 and June 13, 2020. Generally, our finished goods beverage operations produce higher net revenue but lower operating margin as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Operating profit of each division is as follows:

			12 Weeks Ended												24 Weeks Ended
			6/12/2021						6/13/2020						6/12/2021						6/13/2020
FLNA			$	1,382					$	1,278					$	2,622					$	2,480
QFNA			128						196						278						346
PBNA			809						397						1,175						694
LatAm			356						219						574						450
Europe			405						351						536						497
AMESA			256						59						394						193
APAC			192						189						400						331
Total divisions			3,528						2,689						5,979						4,991
Corporate unallocated expenses (a)			(399)						(370)						(538)						(748)
Total			$	3,129					$	2,319					$	5,441					$	4,243

(a)In the 12 weeks ended June 12, 2021, we sold our short-term investment in a publicly traded company and recorded a pre-tax loss on the sale of $39 million ($30 million after-tax or $0.02 per share), net of discounts, in selling, general and administrative expenses. The 24 weeks ended June 12, 2021 include a pre-tax net gain of $69 million ($52 million after-tax or $0.04 per share) associated with this sale.

Schedule of Unusual or Infrequent Items, or Both [Table Text Block]

Operating profit includes certain pre-tax charges taken as a result of the COVID-19 pandemic. These pre-tax charges by division are as follows:

			12 Weeks Ended 6/12/2021
			Allowances for Expected Credit Losses(a)						Upfront Payments to Customers(b)						Inventory Write-Downs and Product Returns						Employee Compensation Expense(c)						Employee Protection Costs(d)						Other(e)						Total
FLNA			$	(4)					$	—					$	—					$	11					$	7					$	—					$	14
QFNA			—						—						—						1						—						—						1
PBNA			(9)						(6)						—						7						4						(7)						(11)
LatAm			—						—						1						12						3						1						17
Europe			—						—						—						5						3						1						9
AMESA			—						—						—						—						1						2						3
APAC			—						—						—						—						1						1						2
Total			$	(13)					$	(6)					$	1					$	36					$	19					$	(2)					$	35

			12 Weeks Ended 6/13/2020
			Allowances for Expected Credit Losses(a)						Upfront Payments to Customers(b)						Inventory Write-Downs and Product Returns(f)						Employee Compensation Expense(c)						Employee Protection Costs(d)						Other(e)						Total
FLNA			$	(2)					$	—					$	4					$	100					$	33					$	—					$	135
QFNA			—						—						—						6						1						—						7
PBNA			4						2						7						84						31						9						137
LatAm			1						—						6						16						8						3						34
Europe			—						1						10						9						8						17						45
AMESA			1						—						1						7						4						4						17
APAC			—						—						—						2						1						—						3
Total			$	4					$	3					$	28					$	224					$	86					$	33					$	378

			24 Weeks Ended 6/12/2021
			Allowances for Expected Credit Losses(a)						Upfront Payments to Customers(b)						Inventory Write-Downs and Product Returns(f)						Employee Compensation Expense(c)						Employee Protection Costs(d)						Other(e)						Total
FLNA			$	(8)					$	—					$	—					$	29					$	16					$	1					$	38
QFNA			—						—						—						2						1						—						3
PBNA			(13)						(5)						—						19						9						(8)						2
LatAm			—						—						1						24						5						2						32
Europe			—						—						—						8						6						1						15
AMESA			—						—						(2)						—						1						3						2
APAC			—						—						—						—						1						3						4
Total			$	(21)					$	(5)					$	(1)					$	82					$	39					$	2					$	96

			24 Weeks Ended 6/13/2020
			Allowances for Expected Credit Losses(a)						Upfront Payments to Customers(b)						Inventory Write-Downs and Product Returns(f)						Employee Compensation Expense(c)						Employee Protection Costs(d)						Other(e)						Total
FLNA			$	19					$	—					$	7					$	100					$	33					$	3					$	162
QFNA			2						—						—						6						1						—						9
PBNA			45						46						29						84						31						10						245
LatAm			1						—						6						16						8						3						34
Europe			4						1						10						9						8						17						49
AMESA			1						—						1						7						4						4						17
APAC			—						—						1						2						1						1						5
Total			$	72					$	47					$	54					$	224					$	86					$	38					$	521

(a)Reflects the expected impact of the global economic uncertainty caused by COVID-19, leveraging estimates of creditworthiness and projections of default and recovery rates for certain of our customers, including foodservice and vending businesses. Income amounts represent reductions in the previously recorded reserves due to improved projected default rates and lower at-risk receivable balances.

(b)Relates to promotional spending for which benefit is not expected to be received. Income amounts represent reductions in previously recorded reserves due to improved projected default rates and lower overall advance balances.

(c)Includes incremental frontline incentive pay, crisis child care and other leave benefits and labor costs.

(d)Includes costs associated with personal protective equipment, temperature scans, cleaning and other sanitization services.

(e)Includes reserves for property, plant and equipment, donations of cash and product and other costs. Income amounts represent adjustments for changes in estimates of previously recorded amounts.

(f)Includes a reserve for product returns of $9 million and $16 million in the 12 and 24 weeks ended June 13, 2020, respectively. Income amount represents a true-up of inventory reserves.

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