Restructuring, Impairment and Integration Charges (Tables)

12 Months Ended

Dec. 26, 2020

Total Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

A summary of our restructuring and impairment charges and other productivity initiatives is as follows:

	2020		2019		2018
2019 Productivity Plan	$	289	$	370	$	138
2014 Productivity Plan	—		—		170
Total restructuring and impairment charges	289		370		308
Other productivity initiatives	—		3		8
Total restructuring and impairment charges and other productivity initiatives	$	289	$	373	$	316

2019 Productivity Plan

Total Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

The total expected plan pre-tax charges are expected to be incurred by division approximately as follows:

	FLNA		QFNA		PBNA		LatAm		Europe		AMESA		APAC		Corporate
Expected pre-tax charges	15	%	1	%	30	%	10	%	25	%	5	%	3	%	11	%

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

	2020		2019		2018
Cost of sales	$	30	$	115	$	3
Selling, general and administrative expenses	239		253		100
Other pension and retiree medical benefits expense	20		2		35
Total restructuring and impairment charges	$	289	$	370	$	138
After-tax amount	$	231	$	303	$	109
Net income attributable to PepsiCo per common share	$	0.17	$	0.21	$	0.08

	2020		2019		2018		Plan to Date through 12/26/2020
FLNA	$	83	$	22	$	31	$	136
QFNA	5		2		5		12
PBNA	47		51		40		138
LatAm	31		62		9		102
Europe	48		99		6		153
AMESA	14		38		3		55
APAC	5		47		2		54
Corporate	36		47		7		90
	269		368		103		740
Other pension and retiree medical benefits expense	20		2		35		57
Total	$	289	$	370	$	138	$	797

	Plan to Date through 12/26/2020
Severance and other employee costs	$	444
Asset impairments	125
Other costs	228
Total	$	797

Severance and other employee costs primarily include severance and other termination benefits, as well as voluntary separation arrangements. Other costs primarily include 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 is as follows:

	Severance and Other Employee Costs		Asset Impairments		Other Costs		Total
2018 restructuring charges	$	137	$	—	$	1	$	138
Non-cash charges and translation	(32)		—		—		(32)
Liability as of December 29, 2018	105		—		1		106
2019 restructuring charges	149		92		129		370
Cash payments (a)	(138)		—		(119)		(257)
Non-cash charges and translation	12		(92)		10		(70)
Liability as of December 28, 2019	128		—		21		149
2020 restructuring charges	158		33		98		289
Cash payments (a)	(138)		—		(117)		(255)
Non-cash charges and translation	(26)		(33)		3		(56)
Liability as of December 26, 2020	$	122	$	—	$	5	$	127

(a)Excludes cash expenditures of $2 million and $4 million for 2020 and 2019, respectively, reported in the cash flow statement in pension and retiree medical contributions.

2014 Productivity Plan

Total Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

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

	2018
Selling, general and administrative expenses	$	169
Other pension and retiree medical benefits expense	1
Total restructuring and impairment charges	$	170
After-tax amount	$	143
Net income attributable to PepsiCo per common share	$	0.10

	2018
FLNA	$	8
QFNA	2
PBNA	51
LatAm	30
Europe	53
AMESA	15
APAC	12
Corporate (a)	(1)
Total	$	170

(a)Income amount primarily relates to other pension and retiree medical benefits.

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

	Severance and Other Employee Costs		Asset Impairments		Other Costs		Total
Liability as of December 30, 2017	$	212	$	—	$	14	$	226
2018 restructuring charges	86		28		56		170
Cash payments (a)	(203)		—		(52)		(255)
Non-cash charges and translation	(4)		(28)		5		(27)
Liability as of December 29, 2018	91		—		23		114
Cash payments	(77)		—		(16)		(93)
Non-cash charges and translation	(14)		—		(7)		(21)
Liability as of December 28, 2019	$	—	$	—	$	—	$	—

(a)Excludes cash expenditures of $11 million reported in the cash flow statement in pension and retiree medical plan contributions.