XML 28 R15.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt Obligations
 3 Months Ended
Mar. 23, 2024
Debt Disclosure [Abstract]  
Debt Disclosure Debt Obligations
In the 12 weeks ended March 23, 2024, we issued, through our wholly-owned consolidated finance subsidiary, PepsiCo Singapore Financing I Pte. Ltd., the following notes:(a)
Interest RateMaturity Date
Principal Amount(b)
Floating rateFebruary 2027$300 
4.650 %February 2027$550 
4.550 %February 2029$450 
4.700 %February 2034$450 
(a)PepsiCo Singapore Financing I Pte. Ltd. is a finance subsidiary and has no assets, operations, revenues or cash flows other than those related to the issuance, administration and repayment of the notes and any other notes that may be issued in the future. The notes are fully and unconditionally guaranteed by PepsiCo, Inc. on a senior unsecured basis and may be assumed at any time by PepsiCo, Inc. as the primary and sole obligor.
(b)Excludes debt issuance costs, discounts and premiums.
The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper.
In the 12 weeks ended March 23, 2024, $1.3 billion of U.S. dollar-denominated senior notes matured and were paid.
As of March 23, 2024, we had $3.6 billion of commercial paper outstanding, excluding discounts.