XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.2
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss (Notes)
 6 Months Ended
Jun. 12, 2021
Equity [Abstract]  
Comprehensive Income (Loss) Note [Text Block] Accumulated Other Comprehensive Loss Attributable to PepsiCo
The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows:
Currency Translation AdjustmentCash Flow HedgesPension and Retiree MedicalOtherAccumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 26, 2020 (a)
$(11,940)$4 $(3,520)$(20)$(15,476)
Other comprehensive income/(loss) before reclassifications (b)
128 97 (20)— 205 
Amounts reclassified from accumulated other comprehensive loss
18 (1)52 — 69 
Net other comprehensive income146 96 32 — 274 
Tax amounts(15)(24)(5)— (44)
Balance as of March 20, 2021 (a)
$(11,809)$76 $(3,493)$(20)$(15,246)
Other comprehensive income/(loss) before reclassifications (c)
255 175 (28)2 404 
Amounts reclassified from accumulated other comprehensive loss
— (53)57 — 4 
Net other comprehensive income255 122 29 2 408 
Tax amounts13 (29)(5)— (21)
Balance as of June 12, 2021 (a)
$(11,541)$169 $(3,469)$(18)$(14,859)
(a)Pension and retiree medical amounts are net of taxes of $1,514 million as of December 26, 2020, $1,509 million as of March 20, 2021 and $1,504 million as of June 12, 2021.
(b)Currency translation adjustment primarily reflects appreciation of the Canadian dollar, Pound sterling and Russian ruble.
(c)Currency translation adjustment primarily reflects appreciation of the South African rand, Canadian dollar and Russian ruble.
Currency Translation AdjustmentCash Flow HedgesPension and Retiree MedicalOtherAccumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 28, 2019 (a)
$(11,290)$(3)$(2,988)$(19)$(14,300)
Other comprehensive (loss)/income before reclassifications (b)
(735)(236)21 1 (949)
Amounts reclassified from accumulated other comprehensive loss— 157 50 — 207 
Net other comprehensive (loss)/income(735)(79)71 1 (742)
Tax amounts(19)18 (14)— (15)
Balance as of March 21, 2020 (a)
$(12,044)$(64)$(2,931)$(18)$(15,057)
Other comprehensive (loss)/income before reclassifications (c)
(827)144 25 (1)(659)
Amounts reclassified from accumulated other comprehensive loss— (127)57 — (70)
Net other comprehensive (loss)/income(827)17 82 (1)(729)
Tax amounts31 (4)(19)— 8 
Balance as of June 13, 2020 (a)
$(12,840)$(51)$(2,868)$(19)$(15,778)
(a)Pension and retiree medical amounts are net of taxes of $1,370 million as of December 28, 2019, $1,356 million as of March 21, 2020 and $1,337 million as of June 13, 2020.
(b)Currency translation adjustment primarily reflects depreciation of the Russian ruble, Canadian dollar and Mexican peso.
(c)Currency translation adjustment primarily reflects depreciation of the Mexican peso, Russian ruble and euro.
The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:
12 Weeks Ended24 Weeks Ended
6/12/20216/13/20206/12/20216/13/2020Affected Line Item in the Income Statement
Currency translation:
Divestiture$— $— $18 $— 
Selling, general and administrative expenses
Cash flow hedges:
Foreign exchange contracts$3 $— $4 $— Net revenue
Foreign exchange contracts
24 (19)36 (15)Cost of sales
Interest rate derivatives
(47)(121)(51)29 
Selling, general and administrative expenses
Commodity contracts
(32)11 (43)14 Cost of sales
Commodity contracts(1)2 — 2 
Selling, general and administrative expenses
Net (gains)/losses before tax(53)(127)(54)30 
Tax amounts
12 31 13 (8)
Net (gains)/losses after tax$(41)$(96)$(41)$22 
Pension and retiree medical items:
Amortization of prior service credits$(11)$— $(20)$— Other pension and retiree medical benefits income
Amortization of net losses68 57 129 107 Other pension and retiree medical benefits income
Net losses before tax
57 57 109 107 
Tax amounts
(12)(11)(23)(22)
Net losses after tax
$45 $46 $86 $85 
Total net losses/(gains) reclassified, net of tax
$4 $(50)$63 $107