Accumulated Other Comprehensive Loss (Tables)

8 Months Ended

Sep. 08, 2018

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

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 30, 2017 ^(a)	$	(10,277	)	$	47		$	(2,804	)	$	(4	)	$	(19	)	$	(13,057	)
Other comprehensive (loss)/income before reclassifications ^(b)	288			93			(13		)	(2		)	—			366
Amounts reclassified from accumulated other comprehensive loss	—			(55		)	43			—			—			(12		)
Net other comprehensive (loss)/income	288			38			30			(2		)	—			354
Tax amounts	2			(10		)	(6		)	—			—			(14		)
Balance as of March 24, 2018 ^(a)	(9,987		)	75			(2,780		)	(6		)	(19		)	(12,717		)
Other comprehensive (loss)/income before reclassifications ^(c)	(953		)	(70		)	28			4			—			(991		)
Amounts reclassified from accumulated other comprehensive loss	—			128			46			—			—			174
Net other comprehensive (loss)/income	(953		)	58			74			4			—			(817		)
Tax amounts	(18		)	(10		)	(18		)	—			—			(46		)
Balance as of June 16, 2018 ^(a)	(10,958		)	123			(2,724		)	(2		)	(19		)	(13,580		)
Other comprehensive (loss)/income before reclassifications ^(d)	(730		)	(11		)	16			2			—			(723		)
Amounts reclassified from accumulated other comprehensive loss	—			7			56			—			—			63
Net other comprehensive (loss)/income	(730		)	(4		)	72			2			—			(660		)
Tax amounts	2			3			(18		)	—			—			(13		)
Balance as of September 8, 2018 ^(a)	$	(11,686	)	$	122		$	(2,670	)	$	—		$	(19	)	$	(14,253	)


(a)	Pension and retiree medical amounts are net of taxes of $1,338 million as of December 30, 2017, $1,332 million as of March 24, 2018, $1,314 million as of June 16, 2018 and $1,296 million as of September 8, 2018.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble and Mexican peso.


(c)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Brazilian real and Mexican peso.


(d)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Turkish lira and Pound sterling.



	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 31, 2016 ^(a)	$	(11,386	)	$	83		$	(2,645	)	$	64		$	(35	)	$	(13,919	)
Other comprehensive (loss)/income before reclassifications ^(b)	513			(3		)	(14		)	9			—			505
Amounts reclassified from accumulated other comprehensive loss	—			(33		)	28			—			—			(5		)
Net other comprehensive (loss)/income	513			(36		)	14			9			—			500
Tax amounts	4			9			(5		)	(5		)	—			3
Balance as of March 25, 2017 ^(a)	(10,869		)	56			(2,636		)	68			(35		)	(13,416		)
Other comprehensive (loss)/income before reclassifications ^(c)	297			20			(27		)	18			—			308
Amounts reclassified from accumulated other comprehensive loss ^(d)	—			(53		)	32			(99		)	—			(120		)
Net other comprehensive (loss)/income	297			(33		)	5			(81		)	—			188
Tax amounts	21			9			(3		)	11			16			54
Balance as of June 17, 2017 ^(a)	(10,551		)	32			(2,634		)	(2		)	(19		)	(13,174		)
Other comprehensive (loss)/income before reclassifications ^(e)	277			53			(20		)	2			—			312
Amounts reclassified from accumulated other comprehensive loss	—			(97		)	35			—			—			(62		)
Net other comprehensive (loss)/income	277			(44		)	15			2			—			250
Tax amounts	43			12			(6		)	—			—			49
Balance as of September 9, 2017 ^(a)	$	(10,231	)	$	—		$	(2,625	)	$	—		$	(19	)	$	(12,875	)


(a)	Pension and retiree medical amounts are net of taxes of $1,280 million as of December 31, 2016, $1,275 million as of March 25, 2017, $1,272 million as of June 17, 2017 and $1,266 million as of September 9, 2017.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble, Egyptian pound and Australian dollar.


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


(d)	Available-for-sale securities reflect a reclassification associated with the sale of our minority stake in Britvic

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Loss Attributable to PepsiCo

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 30, 2017 ^(a)	$	(10,277	)	$	47		$	(2,804	)	$	(4	)	$	(19	)	$	(13,057	)
Other comprehensive (loss)/income before reclassifications ^(b)	288			93			(13		)	(2		)	—			366
Amounts reclassified from accumulated other comprehensive loss	—			(55		)	43			—			—			(12		)
Net other comprehensive (loss)/income	288			38			30			(2		)	—			354
Tax amounts	2			(10		)	(6		)	—			—			(14		)
Balance as of March 24, 2018 ^(a)	(9,987		)	75			(2,780		)	(6		)	(19		)	(12,717		)
Other comprehensive (loss)/income before reclassifications ^(c)	(953		)	(70		)	28			4			—			(991		)
Amounts reclassified from accumulated other comprehensive loss	—			128			46			—			—			174
Net other comprehensive (loss)/income	(953		)	58			74			4			—			(817		)
Tax amounts	(18		)	(10		)	(18		)	—			—			(46		)
Balance as of June 16, 2018 ^(a)	(10,958		)	123			(2,724		)	(2		)	(19		)	(13,580		)
Other comprehensive (loss)/income before reclassifications ^(d)	(730		)	(11		)	16			2			—			(723		)
Amounts reclassified from accumulated other comprehensive loss	—			7			56			—			—			63
Net other comprehensive (loss)/income	(730		)	(4		)	72			2			—			(660		)
Tax amounts	2			3			(18		)	—			—			(13		)
Balance as of September 8, 2018 ^(a)	$	(11,686	)	$	122		$	(2,670	)	$	—		$	(19	)	$	(14,253	)


(a)	Pension and retiree medical amounts are net of taxes of $1,338 million as of December 30, 2017, $1,332 million as of March 24, 2018, $1,314 million as of June 16, 2018 and $1,296 million as of September 8, 2018.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble and Mexican peso.


(c)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Brazilian real and Mexican peso.


(d)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Turkish lira and Pound sterling.



	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 31, 2016 ^(a)	$	(11,386	)	$	83		$	(2,645	)	$	64		$	(35	)	$	(13,919	)
Other comprehensive (loss)/income before reclassifications ^(b)	513			(3		)	(14		)	9			—			505
Amounts reclassified from accumulated other comprehensive loss	—			(33		)	28			—			—			(5		)
Net other comprehensive (loss)/income	513			(36		)	14			9			—			500
Tax amounts	4			9			(5		)	(5		)	—			3
Balance as of March 25, 2017 ^(a)	(10,869		)	56			(2,636		)	68			(35		)	(13,416		)
Other comprehensive (loss)/income before reclassifications ^(c)	297			20			(27		)	18			—			308
Amounts reclassified from accumulated other comprehensive loss ^(d)	—			(53		)	32			(99		)	—			(120		)
Net other comprehensive (loss)/income	297			(33		)	5			(81		)	—			188
Tax amounts	21			9			(3		)	11			16			54
Balance as of June 17, 2017 ^(a)	(10,551		)	32			(2,634		)	(2		)	(19		)	(13,174		)
Other comprehensive (loss)/income before reclassifications ^(e)	277			53			(20		)	2			—			312
Amounts reclassified from accumulated other comprehensive loss	—			(97		)	35			—			—			(62		)
Net other comprehensive (loss)/income	277			(44		)	15			2			—			250
Tax amounts	43			12			(6		)	—			—			49
Balance as of September 9, 2017 ^(a)	$	(10,231	)	$	—		$	(2,625	)	$	—		$	(19	)	$	(12,875	)


(a)	Pension and retiree medical amounts are net of taxes of $1,280 million as of December 31, 2016, $1,275 million as of March 25, 2017, $1,272 million as of June 17, 2017 and $1,266 million as of September 9, 2017.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble, Egyptian pound and Australian dollar.


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


(d)	Available-for-sale securities reflect a reclassification associated with the sale of our minority stake in Britvic.


(e)	Currency translation adjustment primarily reflects the appreciation in the Canadian dollar and euro.

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



	12 Weeks Ended						36 Weeks Ended
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			Affected Line Item in the Income Statement
Cash flow hedges:
Foreign exchange contracts	$	(1	)	$	—		$	(1	)	$	—		Net revenue
Foreign exchange contracts	(9		)	5			7			(6		)	Cost of sales
Interest rate derivatives	17			(102		)	72			(180		)	Interest expense
Commodity contracts	1			—			4			4			Cost of sales
Commodity contracts	(1		)	—			(2		)	(1		)	Selling, general and administrative expenses
Net losses/(gains) before tax	7			(97		)	80			(183		)
Tax amounts	(3		)	37			(20		)	67
Net losses/(gains) after tax	$	4		$	(60	)	$	60		$	(116	)

Pension and retiree medical items:
Amortization of prior service credits	$	(4	)	$	(5	)	$	(12	)	$	(16	)	Other pension and retiree medical benefits income
Amortization of net losses	51			38			148			109			Other pension and retiree medical benefits income
Settlement losses	9			2			9			2			Other pension and retiree medical benefits income
Net losses before tax	56			35			145			95
Tax amounts	(12		)	(10		)	(32		)	(28		)
Net losses after tax	$	44		$	25		$	113		$	67

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

Total net losses/(gains) reclassified, net of tax	$	48		$	(35	)	$	173		$	(138	)

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
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			Affected Line Item in the Income Statement
Cash flow hedges:
Foreign exchange contracts	$	(1	)	$	—		$	(1	)	$	—		Net revenue
Foreign exchange contracts	(9		)	5			7			(6		)	Cost of sales
Interest rate derivatives	17			(102		)	72			(180		)	Interest expense
Commodity contracts	1			—			4			4			Cost of sales
Commodity contracts	(1		)	—			(2		)	(1		)	Selling, general and administrative expenses
Net losses/(gains) before tax	7			(97		)	80			(183		)
Tax amounts	(3		)	37			(20		)	67
Net losses/(gains) after tax	$	4		$	(60	)	$	60		$	(116	)

Pension and retiree medical items:
Amortization of prior service credits	$	(4	)	$	(5	)	$	(12	)	$	(16	)	Other pension and retiree medical benefits income
Amortization of net losses	51			38			148			109			Other pension and retiree medical benefits income
Settlement losses	9			2			9			2			Other pension and retiree medical benefits income
Net losses before tax	56			35			145			95
Tax amounts	(12		)	(10		)	(32		)	(28		)
Net losses after tax	$	44		$	25		$	113		$	67

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

Total net losses/(gains) reclassified, net of tax	$	48		$	(35	)	$	173		$	(138	)