Acquisitions & Divestitures (Tables)

12 Months Ended

Dec. 26, 2020

Acquisitions & Divestitures [Abstract]

Business Acquisition, Integration, Restructuring and Other Related Costs

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

	2020		2019		2018
Cost of sales	$	32	$	34	$	—
Selling, general and administrative expenses	223		21		75
Total	$	255	$	55	$	75
After-tax amount	$	237	$	47	$	75
Net income attributable to PepsiCo per common share	$	0.17	$	0.03	$	0.05

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, contract termination costs, changes in the fair value of contingent consideration and other integration costs (recorded in selling, general and administrative expenses). Merger and integration charges also include liabilities to support socioeconomic programs in South Africa, which are irrevocable conditions of our acquisition of Pioneer Foods (recorded in selling, general and administrative expenses).

Inventory fair value adjustments and merger and integration charges by division are as follows:

	2020		2019		2018		Acquisition
FLNA	$	29	$	—	$	—	BFY Brands
PBNA	66		—		—		Rockstar
Europe	—		46		57		SodaStream
AMESA	173		7		—		Pioneer Foods
APAC	7		—		—		Be & Cheery
Corporate (a)	(20)		2		18		Rockstar, SodaStream
Total	$	255	$	55	$	75