Basis of Presentation and Our Divisions Our Divisions

3 Months Ended

Mar. 23, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Our Divisions

We are organized into six reportable segments (also referred to as divisions), as follows:

1) Frito-Lay North America (FLNA), which includes our branded food and snack businesses in the United States and Canada;

2) Quaker Foods North America (QFNA), which includes our cereal, rice, pasta and other branded food businesses in the United States and Canada;

3) PepsiCo Beverages North America (PBNA), which includes our beverage businesses in the United States and Canada. PBNA was formerly named North America Beverages; this change did not impact the results of PBNA or our other reportable segments;

4) Latin America (LatAm), which includes all of our beverage, food and snack businesses in Latin America;

5) Europe Sub-Saharan Africa (ESSA), which includes all of our beverage, food and snack businesses in Europe and Sub-Saharan Africa; and

6) Asia, Middle East and North Africa (AMENA), which includes all of our beverage, food and snack businesses in Asia, the Middle East and North Africa.

Net revenue and operating profit of each division are as follows:

	12 Weeks Ended
Net Revenue(a)	3/23/2019		3/24/2018
FLNA	$	3,815	$	3,617
QFNA	594		601
PBNA	4,510		4,415
LatAm	1,241		1,224
ESSA	1,693		1,668
AMENA	1,031		1,037
	$	12,884	$	12,562

(a) Our primary performance obligation is the distribution and sales of beverage products and food and snack products to our customers, each comprising approximately 50% of our consolidated net revenue. Internationally, our LatAm segment is predominantly a food and snack business, ESSA’s beverage business and food and snack business are each approximately 50% of the segment’s net revenue and AMENA’s beverage business and food and snack business are approximately 35% and 65%, respectively, of the segment’s net revenue. Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and ESSA segments, is approximately 40% of our consolidated net revenue. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.

	12 Weeks Ended
Operating Profit	3/23/2019			3/24/2018
FLNA	$	1,159		$	1,050
QFNA	138			155
PBNA	389			388
LatAm	230			189
ESSA	125			118
AMENA	201			187
Total division	$	2,242		$	2,087
Corporate unallocated expenses	(234		)	(280		)
	$	2,008		$	1,807