Accumulated Other Comprehensive Loss Attributable to Pepsico (Tables)

12 Months Ended

Dec. 30, 2017

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 Securities			Other			Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 27, 2014 ^(a)	$	(8,255	)	$	34		$	(2,500	)	$	87		$	(35	)	$	(10,669	)
Other comprehensive (loss)/income before reclassifications ^(b)	(2,936		)	(95		)	(88		)	3			—			(3,116		)
Amounts reclassified from accumulated other comprehensive loss	111			97			266			—			—			474
Net current year other comprehensive (loss)/income	(2,825		)	2			178			3			—			(2,642		)
Tax amounts	—			1			(7		)	(2		)	—			(8		)
Balance as of December 26, 2015^(a)	(11,080		)	37			(2,329		)	88			(35		)	(13,319		)
Other comprehensive (loss)/income before reclassifications	(313		)	(74		)	(750		)	(43		)	—			(1,180		)
Amounts reclassified from accumulated other comprehensive loss	—			150			407			—			—			557
Net current year other comprehensive (loss)/income	(313		)	76			(343		)	(43		)	—			(623		)
Tax amounts	7			(30		)	27			19			—			23
Balance as of December 31, 2016 ^(a)	(11,386		)	83			(2,645		)	64			(35		)	(13,919		)
Other comprehensive (loss)/income before reclassifications ^(c)	1,049			130			(375		)	25			—			829
Amounts reclassified from accumulated other comprehensive loss	—			(171		)	158			(99		)	—			(112		)
Net current year other comprehensive (loss)/income	1,049			(41		)	(217		)	(74		)	—			717
Tax amounts	60			5			58			6			16			145
Balance as of December 30, 2017 ^(a)	$	(10,277	)	$	47		$	(2,804	)	$	(4	)	$	(19	)	$	(13,057	)


(a)	Pension and retiree medical amounts are net of taxes of $1,260 million in 2014, $1,253 million in 2015, $1,280 million in 2016 and $1,338 million in 2017.


(b)	Currency translation adjustment primarily reflects the depreciation of the Russian ruble, Brazilian real and Canadian dollar.


(c)	Currency translation adjustment primarily reflects the appreciation of the euro, Russian ruble, Pound sterling and Canadian dollar.

The following table summarizes the reclassifications from accumulated other comprehensive loss to the income statement:



	Amount Reclassified from Accumulated Other Comprehensive Loss									Affected Line Item in the Income Statement
	2017			2016			2015
Currency translation:
Venezuelan entities	$	—		$	—		$	111		Venezuela impairment charges

Cash flow hedges:
Foreign exchange contracts	$	—		$	2		$	(3	)	Net revenue
Foreign exchange contracts	10			(46		)	(94		)	Cost of sales
Interest rate derivatives	(184		)	187			174			Interest expense
Commodity contracts	4			3			9			Cost of sales
Commodity contracts	(1		)	4			11			Selling, general and administrative expenses
Net (gains)/losses before tax	(171		)	150			97
Tax amounts	64			(63		)	(47		)
Net (gains)/losses after tax	$	(107	)	$	87		$	50

Pension and retiree medical items:
Amortization of net prior service credit ^(a)	$	(24	)	$	(39	)	$	(41	)
Amortization of net losses^(a)	167			209			281
Settlement/curtailment ^(a)	15			237			6
Net losses before tax	158			407			246
Tax amounts	(44		)	(144		)	(74		)
Net losses after tax	$	114		$	263		$	172

Venezuelan entities	$	—		$	—		$	20		Venezuela impairment charges
Tax amount	—			—			(4		)
Net losses after tax	$	—		$	—		$	16

Available-for-sale securities:
Sale of Britvic securities	$	(99	)	$	—		$	—		Selling, general and administrative expenses
Tax amount	10			—			—
Net gain after tax	$	(89	)	$	—		$	—

Total net (gains)/losses reclassified for the year, net of tax	$	(82	)	$	350		$	349


(a)	These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).