Accumulated Other Comprehensive Loss Attributable to PepsiCo (Tables)

8 Months Ended

Sep. 06, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

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		Available-for-Sale Debt Securities and Other(a)		Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 28, 2024 (b)	$	(15,217)	$	82	$	(2,714)	$	237	$	(17,612)
Other comprehensive income/(loss) before reclassifications (c)	410		58		(4)		87		551
Amounts reclassified from accumulated other comprehensive loss	—		(31)		17		—		(14)
Net other comprehensive income	410		27		13		87		537
Tax amounts	26		(5)		(3)		(21)		(3)
Balance as of March 22, 2025 (b)	(14,781)		104		(2,704)		303		(17,078)
Other comprehensive income/(loss) before reclassifications (d)	915		27		(42)		84		984
Amounts reclassified from accumulated other comprehensive loss	—		(53)		18		—		(35)
Net other comprehensive income/(loss)	915		(26)		(24)		84		949
Tax amounts	46		8		5		(20)		39
Balance as of June 14, 2025 (b)	(13,820)		86		(2,723)		367		(16,090)
Other comprehensive income/(loss) before reclassifications	33		35		(6)		536		598
Amounts reclassified from accumulated other comprehensive loss	—		(5)		33		—		28
Net other comprehensive income	33		30		27		536		626
Tax amounts	6		(7)		(6)		(126)		(133)
Balance as of September 6, 2025 (b)	$	(13,781)	$	109	$	(2,702)	$	777	$	(15,597)

(a)The movements primarily represent fair value changes in available-for-sale debt securities, including our investment in Celsius convertible preferred stock. See Note 9 for further information.

(b)Pension and retiree medical amounts are net of taxes of $1,282 million as of December 28, 2024, $1,279 million as of March 22, 2025, $1,284 million as of June 14, 2025 and $1,278 million as of September 6, 2025.

(c)Currency translation adjustment primarily reflects appreciation of the Russian ruble and deprecation of the euro.

(d)Currency translation adjustment primarily reflects appreciation of the Russian ruble, Mexican peso and Canadian dollar.


	Currency Translation Adjustment		Cash Flow Hedges		Pension and Retiree Medical		Available-for-Sale Debt Securities and Other (a)		Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 30, 2023 (b)	$	(13,255)	$	(31)	$	(2,719)	$	471	$	(15,534)
Other comprehensive (loss)/income before reclassifications (c)	(168)		(47)		4		685		474
Amounts reclassified from accumulated other comprehensive loss	—		51		9		—		60
Net other comprehensive (loss)/income	(168)		4		13		685		534
Tax amounts	(14)		(1)		(2)		(162)		(179)
Balance as of March 23, 2024 (b)	(13,437)		(28)		(2,708)		994		(15,179)
Other comprehensive (loss)/income before reclassifications (d)	(295)		3		(1)		(511)		(804)
Amounts reclassified from accumulated other comprehensive loss	—		53		12		—		65
Net other comprehensive (loss)/income	(295)		56		11		(511)		(739)
Tax amounts	28		(14)		(2)		120		132
Balance as of June 15, 2024 (b)	(13,704)		14		(2,699)		603		(15,786)
Other comprehensive (loss)/income before reclassifications (e)	(544)		(34)		—		(460)		(1,038)
Amounts reclassified from accumulated other comprehensive loss	—		7		25		—		32
Net other comprehensive (loss)/income	(544)		(27)		25		(460)		(1,006)
Tax amounts	32		3		(4)		109		140
Balance as of September 7, 2024 (b)	$	(14,216)	$	(10)	$	(2,678)	$	252	$	(16,652)

(a)The movements primarily represent fair value changes in available-for-sale debt securities, including our investment in Celsius convertible preferred stock. See Note 9 for further information.

(b)Pension and retiree medical amounts are net of taxes of $1,282 million as of December 30, 2023 and $1,280 million as of March 23, 2024, $1,278 million as of June 15, 2024 and $1,274 million as of September 7, 2024.

(c)Currency translation adjustment primarily reflects depreciation of the South African rand, Canadian dollar and Russian ruble.

(d)Currency translation adjustment primarily reflects depreciation of the Egyptian pound.

(e)Currency translation adjustment primarily reflects depreciation of the Mexican peso.

Reclassifications out of Accumulated Other Comprehensive Loss

The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:


	12 Weeks Ended				36 Weeks Ended
	9/6/2025		9/7/2024		9/6/2025		9/7/2024		Affected Line Item in the Income Statement






Cash flow hedges:
Foreign exchange contracts	$	—	$	(1)	$	(2)	$	(1)	Net revenue
Foreign exchange contracts	13		(2)		(9)		16		Cost of sales
Cross-currency contracts	(8)		(21)		(63)		14		Selling, general and administrative expenses
Interest rate swap contracts	—		(3)		—		(3)		Selling, general and administrative expenses
Commodity contracts	(11)		34		(17)		85		Cost of sales
Commodity contracts	1		—		2		—		Selling, general and administrative expenses
Net (gains)/losses before tax	(5)		7		(89)		111
Tax amounts	—		(1)		22		(28)
Net (gains)/losses after tax	$	(5)	$	6	$	(67)	$	83

Pension and retiree medical items:
Amortization of net prior service credits	$	(1)	$	(7)	$	(2)	$	(21)	Other pension and retiree medical benefits income
Amortization of net losses	21		17		58		50		Other pension and retiree medical benefits income
Net settlement/curtailment losses	13		15		12		17		Other pension and retiree medical benefits income
Net losses before tax	33		25		68		46
Tax amounts	(7)		(5)		(15)		(9)
Net losses after tax	$	26	$	20	$	53	$	37






Total net losses/(gains) reclassified, net of tax	$	21	$	26	$	(14)	$	120