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Basis of Presentation and Our Divisions (Tables)
 8 Months Ended
Sep. 07, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Segment Reporting Information By Net Revenue
Net revenue of each division is as follows:
12 Weeks Ended36 Weeks Ended
9/7/20249/9/20239/7/20249/9/2023
FLNA$5,888 $5,954 $17,438 $17,441 
QFNA648 747 1,802 2,208 
PBNA7,175 7,161 19,860 19,714 
LatAm2,915 3,055 8,027 7,688 
Europe3,946 3,704 9,397 9,018 
AMESA1,552 1,615 4,184 4,202 
APAC1,195 1,217 3,362 3,350 
Total$23,319 $23,453 $64,070 $63,621 
Summary of Segment Reporting Information by Percentage of Disaggregated Net Revenue
Our primary performance obligation is the distribution and sales of beverage and convenient food products to our customers. The following tables reflect the percentage of net revenue generated between our beverage business and our convenient food business for each of our international divisions, as well as our consolidated net revenue:
12 Weeks Ended
9/7/20249/9/2023
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
LatAm10 %90 %10 %90 %
Europe51 %49 %50 %50 %
AMESA31 %69 %31 %69 %
APAC26 %74 %27 %73 %
PepsiCo44 %56 %43 %57 %
36 Weeks Ended
9/7/20249/9/2023
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
LatAm10 %90 %9 %91 %
Europe48 %52 %49 %51 %
AMESA32 %68 %31 %69 %
APAC23 %77 %23 %77 %
PepsiCo43 %57 %42 %58 %
(a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe divisions, was 37% and 36% of our consolidated net revenue in the 12 and 36 weeks ended September 7, 2024, respectively, and 36% of our consolidated net revenue in the 12 and 36 weeks ended September 9, 2023. Generally, our finished goods beverage operations produce higher net revenue but lower operating margin as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.
Summary of Segment Reporting Information by Operating Profit
Operating profit of each division is as follows:
12 Weeks Ended36 Weeks Ended
9/7/20249/9/20239/7/20249/9/2023
FLNA$1,523 $1,669 $4,669 $4,915 
QFNA (a)
97 135 133 452 
PBNA (b)
914 970 2,411 2,176 
LatAm
595 593 1,717 1,549 
Europe 728 659 1,550 1,206 
AMESA197 238 590 656 
APAC262 239 718 689 
Total divisions4,316 4,503 11,788 11,643 
Corporate unallocated expenses (c)
(444)(488)(1,151)(1,340)
Total$3,872 $4,015 $10,637 $10,303 
(a)In the 36 weeks ended September 7, 2024, we recorded a pre-tax charge of $184 million ($141 million after-tax or $0.10 per share) associated with a previously announced voluntary recall of certain bars and cereals in our QFNA division (Quaker Recall) with $174 million recorded in cost of sales related to property, plant and equipment write-offs, employee severance costs and other costs, $7 million recorded in selling, general and administrative expenses and $3 million recorded in other pension and retiree medical benefits income, which is not included in operating profit.
(b)In the 36 weeks ended September 9, 2023, we recorded our proportionate 39% share of Tropicana Brands Group’s (TBG) impairment of indefinite-lived intangible assets, and recorded an other-than-temporary impairment of our equity method investment, both of which resulted in pre-tax impairment charges of $113 million ($86 million after-tax or $0.06 per share), recorded in selling, general and administrative expenses. See Note 9 for further information.
(c)In the 36 weeks ended September 7, 2024 and September 9, 2023, we recorded a pre-tax gain of $76 million ($57 million after-tax or $0.04 per share) and $85 million ($65 million after-tax or $0.05 per share), respectively, in selling, general and administrative expenses as a result of the sale of corporate assets.