Restructuring and Impairment Charges (Tables)

6 Months Ended

Jun. 15, 2019

2019 Productivity Plan [Member]

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity [Table Text Block]

A summary of our 2019 Productivity Plan charges is as follows:

	6/15/2019
	12 Weeks Ended		24 Weeks Ended
Cost of sales	$	82	$	90
Selling, general and administrative expenses	76		99
Other pension and retiree medical benefits income (a)	—		(5		)
Total restructuring and impairment charges	$	158	$	184
After-tax amount	$	120	$	143
Net income attributable to PepsiCo per common share	$	0.08	$	0.10

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

	6/15/2019
	12 Weeks Ended		24 Weeks Ended			Plan to Date
FLNA	$	6	$	6		$	37
QFNA	—		—			5
PBNA	10		16			56
LatAm	21		21			30
ESSA	53		59			67
AMENA	42		53			56
Corporate	26		34			41
	158		189			292
Other pension and retiree medical benefits (income)/expense (a)	—		(5		)	30
	$	158	$	184		$	322

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

	6/15/2019
	12 Weeks Ended		24 Weeks Ended		Plan to Date
Severance and other employee costs	$	43	$	40	$	177
Asset impairments	76		84		84
Other costs (a)	39		60		61
	$	158	$	184	$	322

(a) Includes other costs associated with the implementation of our initiatives, including contract termination costs, consulting and other professional fees.

A summary of our 2019 Productivity Plan activity for the 24 weeks ended June 15, 2019 is as follows:

	Severance and Other Employee Costs			Asset Impairments			Other Costs			Total
Liability as of December 29, 2018	$	105		$	—		$	1		$	106
2019 restructuring charges	40			84			60			184
Cash payments (a)	(44		)	—			(20		)	(64		)
Non-cash charges and translation	5			(84		)	—			(79		)
Liability as of June 15, 2019	$	106		$	—		$	41		$	147

(a)

Excludes cash expenditures of $2 million reported in the cash flow statement in pension and retiree medical contributions.

2014 Productivity Plan [Member]

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity [Table Text Block]

A summary of our 2014 Productivity Plan charges is as follows:

	6/16/2018
	12 Weeks Ended		24 Weeks Ended
Selling, general and administrative expenses	$	32	$	40
Other pension and retiree medical benefits expense	—		4
Total restructuring and impairment charges	$	32	$	44
After-tax amount	$	24	$	35
Net income attributable to PepsiCo per common share	$	0.02	$	0.02

	6/16/2018
	12 Weeks Ended		24 Weeks Ended
FLNA	$	4	$	9
QFNA	—		1
PBNA	9		12
LatAm	3		12
ESSA	4		8
AMENA	2		4
Corporate (a)	10		(2		)
	$	32	$	44

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

	6/16/2018
	12 Weeks Ended		24 Weeks Ended
Severance and other employee costs	$	21	$	24
Asset impairments	4		8
Other costs	7		12
	$	32	$	44