Acquisitions & Divestitures (Tables)

8 Months Ended

Sep. 05, 2020

Acquisitions & Divestitures [Abstract]

Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]

A summary of our inventory fair value adjustments and merger and integration charges is as follows:

	12 Weeks Ended				36 Weeks Ended
	9/5/2020		9/7/2019		9/5/2020		9/7/2019
Cost of sales	$	11	$	—	$	30	$	34
Selling, general and administrative expenses	32		7		256		12
Total	$	43	$	7	$	286	$	46
After-tax amount	$	27	$	6	$	254	$	38
Net income attributable to PepsiCo per common share	$	0.02	$	—	$	0.18	$	0.03

Inventory fair value adjustments and merger and integration charges include fair value adjustments to the acquired inventory included in the acquisition-date balance sheets (recorded in cost of sales) and closing costs, employee-related costs, changes in the fair value of contingent consideration and contract termination costs (recorded in selling, general and administrative expenses). Merger and integration charges also include liabilities to support socioeconomic programs in South Africa (recorded in selling, general and administrative expenses). Inventory fair value adjustments and merger and integration charges by division are as follows:

	12 Weeks Ended				36 Weeks Ended
	9/5/2020		9/7/2019		9/5/2020		9/7/2019		Acquisition
FLNA	$	1	$	—	$	26	$	—	BFY Brands
PBNA	17		—		60		—		Rockstar
Europe	—		5		—		43		SodaStream
AMESA	10		2		169		2		Pioneer Foods
APAC	5		—		5		—		Be & Cheery
Corporate	10		—		26		1		Rockstar, SodaStream
Total	$	43	$	7	$	286	$	46