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Restructuring and Impairment Charges (Tables) | 8 Months Ended
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Sep. 07, 2024
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 | 10 | % |  | 1 | % |  | 30 | % |  | 10 | % |  | 25 | % |  | 5 | % |  | 4 | % |  | 15 | %
A summary of our 2019 Productivity Plan charges is as follows:
| 12 Weeks Ended |  | 36 Weeks Ended
| 9/7/2024 |  | 9/9/2023 |  | 9/7/2024 |  | 9/9/2023
Cost of sales | $ | 10 |  |  | $ | 4 |  |  | $ | 16 |  |  | $ | 10 |
Selling, general and administrative expenses | 228 |  |  | 79 |  |  | 377 |  |  | 278 |
Other pension and retiree medical benefits expense/(income) (a) | 7 |  |  | — |  |  | 22 |  |  | (1) |
Total restructuring and impairment charges | $ | 245 |  |  | $ | 83 |  |  | $ | 415 |  |  | $ | 287 |
After-tax amount | $ | 195 |  |  | $ | 67 |  |  | $ | 325 |  |  | $ | 228 |
Impact on net income attributable to PepsiCo per common share | $ | (0.14) |  |  | $ | (0.05) |  |  | $ | (0.24) |  |  | $ | (0.16) |
| 12 Weeks Ended |  | 36 Weeks Ended |  | Plan-to-Date
| 9/7/2024 |  | 9/9/2023 |  | 9/7/2024 |  | 9/9/2023 |  | through 9/7/2024
FLNA | $ | 8 |  |  | $ | 6 |  |  | $ | 43 |  |  | $ | 19 |  |  | $ | 295 |
QFNA | — |  |  | — |  |  | 4 |  |  | — |  |  | 23 |
PBNA | 128 |  |  | 8 |  |  | 143 |  |  | 18 |  |  | 410 |
LatAm | 11 |  |  | 8 |  |  | 32 |  |  | 19 |  |  | 232 |
Europe | 46 |  |  | 44 |  |  | 83 |  |  | 185 |  |  | 649 |
AMESA | 4 |  |  | 5 |  |  | 7 |  |  | 10 |  |  | 104 |
APAC | 2 |  |  | 2 |  |  | 6 |  |  | 7 |  |  | 91 |
Corporate | 39 |  |  | 10 |  |  | 75 |  |  | 30 |  |  | 392 |
| 238 |  |  | 83 |  |  | 393 |  |  | 288 |  |  | 2,196 |
Other pension and retiree medical benefits expense/(income) (a) | 7 |  |  | — |  |  | 22 |  |  | (1) |  |  | 119 |
Total | $ | 245 |  |  | $ | 83 |  |  | $ | 415 |  |  | $ | 287 |  |  | $ | 2,315 |
(a)Income amount represents adjustments for changes in estimates of previously recorded amounts.
| 12 Weeks Ended |  | 36 Weeks Ended |  | Plan-to-Date
| 9/7/2024 |  | 9/9/2023 |  | 9/7/2024 |  | 9/9/2023 |  | through 9/7/2024
Severance and other employee costs | $ | 151 |  |  | $ | 39 |  |  | $ | 233 |  |  | $ | 181 |  |  | $ | 1,283 |
Asset impairments | 30 |  |  | 1 |  |  | 34 |  |  | 1 |  |  | 226 |
Other costs | 64 |  |  | 43 |  |  | 148 |  |  | 105 |  |  | 806 |
Total | $ | 245 |  |  | $ | 83 |  |  | $ | 415 |  |  | $ | 287 |  |  | $ | 2,315 |
A summary of our 2019 Productivity Plan activity for the 36 weeks ended September 7, 2024 is as follows:
| Severance and Other Employee Costs |  | Asset Impairments |  | Other Costs |  | Total
Liability as of December 30, 2023 | $ | 188 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 197 |
2024 restructuring charges | 233 |  |  | 34 |  |  | 148 |  |  | 415 |
Cash payments | (131) |  |  | — |  |  | (153) |  |  | (284) |
Non-cash charges and translation | (17) |  |  | (34) |  |  | 22 |  |  | (29) |
Liability as of September 7, 2024 | $ | 273 |  |  | $ | — |  |  | $ | 26 |  |  | $ | 299 |

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