Pension and Retiree Medical Benefits (Notes)

6 Months Ended

Jun. 15, 2019

Pension and Retiree Medical Benefits [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension and Retiree Medical Benefits

The components of net periodic benefit cost for pension and retiree medical plans are as follows: 

	12 Weeks Ended
	Pension												Retiree Medical
	6/15/2019			6/16/2018			6/15/2019			6/16/2018			6/15/2019			6/16/2018
	U.S.						International
Service cost	$	88		$	99		$	18		$	22		$	6		$	8
Interest cost	126			111			23			23			8			8
Expected return on plan assets	(206		)	(217		)	(45		)	(48		)	(4		)	(5		)
Amortization of prior service cost/(credits)	3			—			—			—			(5		)	(4		)
Amortization of net losses/(gains)	37			42			8			11			(6		)	(3		)
Total	$	48		$	35		$	4		$	8		$	(1	)	$	4

	24 Weeks Ended
	Pension												Retiree Medical
	6/15/2019			6/16/2018			6/15/2019			6/16/2018			6/15/2019			6/16/2018
	U.S.						International
Service cost	$	176		$	199		$	31		$	40		$	11		$	15
Interest cost	251			222			40			40			16			16
Expected return on plan assets	(412		)	(435		)	(78		)	(84		)	(8		)	(9		)
Amortization of prior service cost/(credits)	5			1			—			—			(9		)	(9		)
Amortization of net losses/(gains)	74			83			13			19			(12		)	(5		)
	94			70			6			15			(2		)	8
Special termination benefits (a)	(5		)	3			—			1			—			—
Total	$	89		$	73		$	6		$	16		$	(2	)	$	8

(a) Income amount represents adjustments for changes in estimates of previously recorded amounts.

We regularly evaluate opportunities to reduce risk and volatility associated with our pension and retiree medical plans. During the 24 weeks ended June 15, 2019, we made discretionary contributions of $150 million to the PepsiCo Employees Retirement Plan A (Plan A) in the United States and $17 million to our international plans. During the 24 weeks ended June 16, 2018, we made discretionary contributions of $1.4 billion to Plan A in the United States and $17 million to our international plans.