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Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss (Notes) | 6 Months Ended
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Jun. 11, 2022
Equity [Abstract] |
Comprehensive Income (Loss) Note [Text Block] | Accumulated Other Comprehensive Loss Attributable to PepsiCo 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 25, 2021 (a) | $ | (12,309) |  |  | $ | 159 |  |  | $ | (2,750) |  |  |  |  | $ | 2 |  |  | $ | (14,898) |
Other comprehensive (loss)/income before reclassifications (b) | (549) |  |  | 200 |  |  | (8) |  |  |  |  | — |  |  | (357) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (62) |  |  | 25 |  |  |  |  | — |  |  | (37) |
Net other comprehensive (loss)/income | (549) |  |  | 138 |  |  | 17 |  |  |  |  | — |  |  | (394) |
Tax amounts | (11) |  |  | (32) |  |  | (4) |  |  |  |  | (4) |  |  | (51) |
Balance as of March 19, 2022 (a) | $ | (12,869) |  |  | $ | 265 |  |  | $ | (2,737) |  |  |  |  | $ | (2) |  |  | $ | (15,343) |
Other comprehensive income/(loss) before reclassifications (c) | 1,298 |  |  | (107) |  |  | (484) |  |  |  |  | 5 |  |  | 712 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (30) |  |  | 161 |  |  |  |  | — |  |  | 131 |
Net other comprehensive income/(loss) | 1,298 |  |  | (137) |  |  | (323) |  |  |  |  | 5 |  |  | 843 |
Tax amounts | (24) |  |  | 35 |  |  | 73 |  |  |  |  | — |  |  | 84 |
Balance as of June 11, 2022 (a) | $ | (11,595) |  |  | $ | 163 |  |  | $ | (2,987) |  |  |  |  | $ | 3 |  |  | $ | (14,416) |
(a)Pension and retiree medical amounts are net of taxes of $1,283 million as of December 25, 2021, $1,279 million as of March 19, 2022 and $1,352 million as of June 11, 2022. (b)Currency translation adjustment primarily reflects depreciation of the Russian ruble, partially offset by appreciation of the South African rand, Brazilian real and Canadian dollar. (c)Currency translation adjustment primarily reflects appreciation of the Russian ruble.
| 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) |
(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 and $1,504 million as of June 12, 2021. (b)Currency translation adjustment primarily reflects appreciation of the Canadian dollar, British pound sterling and Russian ruble. (c)Currency translation adjustment primarily reflects appreciation of the South African rand, Canadian dollar and Russian ruble. The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:
|  | 12 Weeks Ended |  | 24 Weeks Ended |  |
|  | 6/11/2022 |  | 6/12/2021 |  | 6/11/2022 |  | 6/12/2021 |  | Affected Line Item in the Income Statement
Currency translation: |  |  |  |  |  |  |  |  |  |
Divestiture |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 18 |  |  | Selling, general and administrative expenses
Cash flow hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | (2) |  |  | $ | 3 |  |  | $ | (4) |  |  | $ | 4 |  |  | Net revenue
Foreign exchange contracts |  | (15) |  |  | 24 |  |  | (17) |  |  | 36 |  |  | Cost of sales
Interest rate derivatives |  | 61 |  |  | (47) |  |  | 81 |  |  | (51) |  |  | Selling, general and administrative expenses
Commodity contracts |  | (70) |  |  | (32) |  |  | (146) |  |  | (43) |  |  | Cost of sales
Commodity contracts |  | (4) |  |  | (1) |  |  | (6) |  |  | — |  |  | Selling, general and administrative expenses
Net gains before tax |  | (30) |  |  | (53) |  |  | (92) |  |  | (54) |  |  |
Tax amounts |  | 7 |  |  | 12 |  |  | 17 |  |  | 13 |  |  |
Net gains after tax |  | $ | (23) |  |  | $ | (41) |  |  | $ | (75) |  |  | $ | (41) |  |  |
Pension and retiree medical items: |  |  |  |  |  |  |  |  |  |
Amortization of prior service credits |  | $ | (9) |  |  | $ | (11) |  |  | $ | (17) |  |  | $ | (20) |  |  | Other pension and retiree medical benefits (expense)/income
Amortization of net losses |  | 39 |  |  | 68 |  |  | 74 |  |  | 129 |  |  | Other pension and retiree medical benefits (expense)/income
Settlement/curtailment losses |  | 131 |  |  | — |  |  | 129 |  |  | — |  |  | Other pension and retiree medical benefits (expense)/income
Net losses before tax |  | 161 |  |  | 57 |  |  | 186 |  |  | 109 |  |  |
Tax amounts |  | (35) |  |  | (12) |  |  | (41) |  |  | (23) |  |  |
Net losses after tax |  | $ | 126 |  |  | $ | 45 |  |  | $ | 145 |  |  | $ | 86 |  |  |
Total net losses reclassified, net of tax |  | $ | 103 |  |  | $ | 4 |  |  | $ | 70 |  |  | $ | 63 |  |  |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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