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Accumulated Other Comprehensive Loss (Tables) | 8 Months Ended
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Sep. 04, 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 income/(loss) before reclassifications (b) | 128 |  |  | 97 |  |  | (20) |  |  |  |  | — |  |  | 205 |
Amounts reclassified from accumulated other comprehensive loss | 18 |  |  | (1) |  |  | 52 |  |  |  |  | — |  |  | 69 |
Net other comprehensive 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) |
Other comprehensive income/(loss) before reclassifications (c) | 255 |  |  | 175 |  |  | (28) |  |  |  |  | 2 |  |  | 404 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (53) |  |  | 57 |  |  |  |  | — |  |  | 4 |
Net other comprehensive income | 255 |  |  | 122 |  |  | 29 |  |  |  |  | 2 |  |  | 408 |
Tax amounts | 13 |  |  | (29) |  |  | (5) |  |  |  |  | — |  |  | (21) |
Balance as of June 12, 2021 (a) | $ | (11,541) |  |  | $ | 169 |  |  | $ | (3,469) |  |  |  |  | $ | (18) |  |  | $ | (14,859) |
Other comprehensive (loss)/income before reclassifications (d) | (319) |  |  | (45) |  |  | 49 |  |  |  |  | — |  |  | (315) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 14 |  |  | 67 |  |  |  |  | — |  |  | 81 |
Net other comprehensive (loss)/income | (319) |  |  | (31) |  |  | 116 |  |  |  |  | — |  |  | (234) |
Tax amounts | (16) |  |  | 10 |  |  | (26) |  |  |  |  | — |  |  | (32) |
Balance as of September 4, 2021 (a) | $ | (11,876) |  |  | $ | 148 |  |  | $ | (3,379) |  |  |  |  | $ | (18) |  |  | $ | (15,125) |
(a)Pension and retiree medical amounts are net of taxes of $1,514 million as of December 26, 2020, $1,509 million as of March 20, 2021,$1,504 million as of June 12, 2021 and $1,478 million as of September 4, 2021. (b)Currency translation adjustment primarily reflects appreciation of the Canadian dollar, Pound sterling and Russian ruble. (c)Currency translation adjustment primarily reflects appreciation of the South African rand, Canadian dollar and Russian ruble. (d)Currency translation adjustment primarily reflects depreciation of the Canadian dollar, South African rand and Pound sterling.
| 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) |
Other comprehensive (loss)/income before reclassifications (c) | (827) |  |  | 144 |  |  | 25 |  |  |  |  | (1) |  |  | (659) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (127) |  |  | 57 |  |  |  |  | — |  |  | (70) |
Net other comprehensive (loss)/income | (827) |  |  | 17 |  |  | 82 |  |  |  |  | (1) |  |  | (729) |
Tax amounts | 31 |  |  | (4) |  |  | (19) |  |  |  |  | — |  |  | 8 |
Balance as of June 13, 2020 (a) | $ | (12,840) |  |  | $ | (51) |  |  | $ | (2,868) |  |  |  |  | $ | (19) |  |  | $ | (15,778) |
Other comprehensive income/(loss) before reclassifications (d) | 385 |  |  | 115 |  |  | (59) |  |  |  |  | (3) |  |  | 438 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (100) |  |  | 55 |  |  |  |  | — |  |  | (45) |
Net other comprehensive income/(loss) | 385 |  |  | 15 |  |  | (4) |  |  |  |  | (3) |  |  | 393 |
Tax amounts | 29 |  |  | (4) |  |  | 3 |  |  |  |  | — |  |  | 28 |
Balance as of September 5, 2020 (a) | $ | (12,426) |  |  | $ | (40) |  |  | $ | (2,869) |  |  |  |  | $ | (22) |  |  | $ | (15,357) |
(a)Pension and retiree medical amounts are net of taxes of $1,370 million as of December 28, 2019, $1,356 million as of March 21, 2020, $1,337 million as of June 13, 2020 and $1,340 million as of September 5, 2020. (b)Currency translation adjustment primarily reflects depreciation of the Russian ruble, Canadian dollar and Mexican peso. (c)Currency translation adjustment primarily reflects depreciation of the Mexican peso, Russian ruble and euro. (d)Currency translation adjustment primarily reflects appreciation of the Pound sterling, Canadian dollar and Australian dollar, partially offset by the depreciation of the Russian ruble.
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 |  | 36 Weeks Ended |  |
|  | 9/4/2021 |  | 9/5/2020 |  | 9/4/2021 |  | 9/5/2020 |  | Affected Line Item in the Income Statement
Currency translation: |  |  |  |  |  |  |  |  |  |
Divestiture |  | $ | — |  |  | $ | — |  |  | $ | 18 |  |  | $ | — |  |  | Selling, general and administrative expenses
Cash flow hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 2 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | Net revenue
Foreign exchange contracts |  | 25 |  |  | (22) |  |  | 61 |  |  | (37) |  |  | Cost of sales
Interest rate derivatives |  | 53 |  |  | (102) |  |  | 2 |  |  | (73) |  |  | Selling, general and administrative expenses
Commodity contracts |  | (65) |  |  | 22 |  |  | (108) |  |  | 36 |  |  | Cost of sales
Commodity contracts |  | (1) |  |  | 2 |  |  | (1) |  |  | 4 |  |  | Selling, general and administrative expenses
Net losses/(gains) before tax |  | 14 |  |  | (100) |  |  | (40) |  |  | (70) |  |  |
Tax amounts |  | (3) |  |  | 25 |  |  | 10 |  |  | 17 |  |  |
Net losses/(gains) after tax |  | $ | 11 |  |  | $ | (75) |  |  | $ | (30) |  |  | $ | (53) |  |  |
Pension and retiree medical items: |  |  |  |  |  |  |  |  |  |
Amortization of prior service credits |  | $ | (10) |  |  | $ | — |  |  | $ | (30) |  |  | $ | — |  |  | Other pension and retiree medical benefits income
Amortization of net losses |  | 67 |  |  | 55 |  |  | 196 |  |  | 162 |  |  | Other pension and retiree medical benefits income
Settlement losses |  | 10 |  |  | — |  |  | 10 |  |  | — |  |  | Other pension and retiree medical benefits income
Net losses before tax |  | 67 |  |  | 55 |  |  | 176 |  |  | 162 |  |  |
Tax amounts |  | (14) |  |  | (12) |  |  | (37) |  |  | (34) |  |  |
Net losses after tax |  | $ | 53 |  |  | $ | 43 |  |  | $ | 139 |  |  | $ | 128 |  |  |
Total net losses/(gains) reclassified, net of tax |  | $ | 64 |  |  | $ | (32) |  |  | $ | 127 |  |  | $ | 75 |  |  |

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