XML 49 R39.htm IDEA: XBRL DOCUMENT
v3.25.2

Debt Obligations and Commitments (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2024
Debt Disclosure [Abstract] |
Schedule of Long and Short-Term Debt Contractural Commitments | The following table summarizes our debt obligations:
| 2024(a) |  | 2023(a)
Short-term debt obligations (b) |  |  |
Current maturities of long-term debt | $ | 4,004 |  |  | $ | 3,924 |
Commercial paper (4.5% and 5.5%) | 2,818 |  |  | 2,286 |
Other borrowings (8.6% and 7.8%) | 260 |  |  | 300 |
| $ | 7,082 |  |  | $ | 6,510 |
Long-term debt obligations (b) |  |  |
Notes due 2024 (3.0%) | $ | — |  |  | $ | 3,919 |
Notes due 2025 (3.2% and 3.2%) | 3,999 |  |  | 3,994 |
Notes due 2026 (3.7% and 3.7%) | 3,941 |  |  | 3,961 |
Notes due 2027 (3.1% and 2.4%) | 3,370 |  |  | 2,544 |
Notes due 2028 (2.1% and 2.1%) | 3,240 |  |  | 3,323 |
Notes due 2029 (4.6% and 4.0%) | 3,239 |  |  | 1,925 |
Notes due 2030-2060 (3.2% and 2.9%) | 23,400 |  |  | 21,800 |
Other, due 2024-2033 (5.7% and 3.6%) | 39 |  |  | 53 |
| 41,228 |  |  | 41,519 |
Less: current maturities of long-term debt obligations | 4,004 |  |  | 3,924 |
Total | $ | 37,224 |  |  | $ | 37,595 |
(a)Amounts are shown net of unamortized net discounts of $267 million and $225 million for 2024 and 2023, respectively. (b)The interest rates presented reflect weighted-average effective interest rates at year-end. Certain of our fixed rate indebtedness have been swapped to floating rates through the use of interest rate derivative instruments. See Note 9 for further information regarding our interest rate swap contracts.
Schedule of Debt Issuances | In 2024, we issued the following senior notes:
Interest Rate |  | Maturity Date |  | Principal Amount(a) |
Floating rate |  | February 2027 |  | $ | 300 |  | (b) |
4.650 | % |  | February 2027 |  | $ | 550 |  | (b) |
4.550 | % |  | February 2029 |  | $ | 450 |  | (b) |
4.700 | % |  | February 2034 |  | $ | 450 |  | (b) |
4.500 | % |  | July 2029 |  | $ | 850 |  |  |
4.800 | % |  | July 2034 |  | $ | 650 |  |  |
5.250 | % |  | July 2054 |  | $ | 750 |  |  |
(a)Excludes debt issuance costs, discounts and premiums. (b)Issued through our wholly-owned consolidated finance subsidiary, PepsiCo Singapore Financing I Pte. Ltd., which 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.

X
- Definition Schedule of Debt Issuances [Table Text Block] + References No definition available. + Details
Name: | pep_ScheduleOfDebtIssuancesTableTextBlock
Namespace Prefix: | pep_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration