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Restructuring and Impairment Charges (Tables)

3 Months Ended

Mar. 25, 2023

2019 Productivity Plan

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity

The total 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		%				25		%				10		%				25		%				5		%				4		%				15		%

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

									12 Weeks Ended
															3/25/2023						3/19/2022
Cost of sales															$	3					$	5
Selling, general and administrative expenses															110						22
Other pension and retiree medical benefits income (a)															(1)						—
Total restructuring and impairment charges															$	112					$	27
After-tax amount															$	98					$	21
Impact on net income attributable to PepsiCo per common share															$	(0.07)					$	(0.02)

									12 Weeks Ended												Plan to Date
															3/25/2023						3/19/2022						through 3/25/2023
FLNA															$	7					$	3					$	217
QFNA															—						—						19
PBNA															5						3						231
LatAm															5						6						176
Europe															89						7						432
AMESA															5						2						87
APAC															1						1						78
Corporate															1						5						230
															113						27						1,470
Other pension and retiree medical benefits (income)/expense (a)															(1)						—						97
Total															$	112					$	27					$	1,567

(a)Income amount represents adjustments for changes in estimates of previously recorded amounts.

									12 Weeks Ended												Plan to Date
															3/25/2023						3/19/2022						through 3/25/2023
Severance and other employee costs															$	92					$	11					$	899
Asset impairments															—						—						190
Other costs															20						16						478
Total															$	112					$	27					$	1,567

A summary of our 2019 Productivity Plan activity for the 12 weeks ended March 25, 2023 is as follows:

			Severance and Other Employee Costs												Other Costs						Total
Liability as of December 31, 2022			$	188											$	8					$	196
2023 restructuring charges			92												20						112
Cash payments			(44)												(20)						(64)
Non-cash charges and translation			(4)												—						(4)
Liability as of March 25, 2023			$	232											$	8					$	240

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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.

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