Restructuring and Impairment Charges (Tables)

6 Months Ended

Jun. 12, 2021

2019 Productivity Plan [Member]

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity [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	%	25	%	10	%	30	%	5	%	3	%	11	%

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

	12 Weeks Ended				24 Weeks Ended
	6/12/2021		6/13/2020		6/12/2021		6/13/2020
Cost of sales	$	2	$	1	$	4	$	3
Selling, general and administrative expenses	33		23		68		53
Other pension and retiree medical benefits (income)/expense (a)	(1)		1		5		7
Total restructuring and impairment charges	$	34	$	25	$	77	$	63
After-tax amount	$	29	$	21	$	64	$	53
Net income attributable to PepsiCo per common share	$	(0.02)	$	(0.02)	$	(0.05)	$	(0.04)

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

	12 Weeks Ended				24 Weeks Ended				Plan to Date
	6/12/2021		6/13/2020		6/12/2021		6/13/2020		through 6/12/2021
FLNA	$	3	$	2	$	18	$	7	$	154
QFNA	—		—		—		1		12
PBNA	1		—		5		3		143
LatAm	6		4		8		9		110
Europe	15		8		26		16		179
AMESA	3		5		4		7		59
APAC	1		3		1		3		55
Corporate	6		2		10		10		100
	35		24		72		56		812
Other pension and retiree medical benefits (income)/expense (a)	(1)		1		5		7		62
Total	$	34	$	25	$	77	$	63	$	874

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

	12 Weeks Ended				24 Weeks Ended				Plan to Date
	6/12/2021		6/13/2020		6/12/2021		6/13/2020		through 6/12/2021
Severance and other employee costs	$	15	$	2	$	49	$	24	$	493
Asset impairments	1		4		1		5		126
Other costs	18		19		27		34		255
Total	$	34	$	25	$	77	$	63	$	874

A summary of our 2019 Productivity Plan activity for the 24 weeks ended June 12, 2021 is as follows:

	Severance and Other Employee Costs		Asset Impairments		Other Costs		Total
Liability as of December 26, 2020	$	122	$	—	$	5	$	127
2021 restructuring charges	49		1		27		77
Cash payments	(75)		—		(29)		(104)
Non-cash charges and translation	(6)		(1)		—		(7)
Liability as of June 12, 2021	$	90	$	—	$	3	$	93