Accumulated Other Comprehensive Loss Attributable to Pepsico

12 Months Ended

Dec. 25, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [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 Adjustment		Cash Flow Hedges		Pension and Retiree Medical		Other (a)		Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 29, 2018 (b)	$	(11,918)	$	87	$	(3,271)	$	(17)	$	(15,119)
Other comprehensive income/(loss) before reclassifications (c)	636		(131)		(89)		(2)		414
Amounts reclassified from accumulated other comprehensive loss	—		14		468		—		482
Net other comprehensive income/(loss)	636		(117)		379		(2)		896
Tax amounts	(8)		27		(96)		—		(77)
Balance as of December 28, 2019 (b)	(11,290)		(3)		(2,988)		(19)		(14,300)
Other comprehensive (loss)/income before reclassifications (d)	(710)		126		(1,141)		(1)		(1,726)
Amounts reclassified from accumulated other comprehensive loss	—		(116)		465		—		349
Net other comprehensive (loss)/income	(710)		10		(676)		(1)		(1,377)
Tax amounts	60		(3)		144		—		201
Balance as of December 26, 2020 (b)	(11,940)		4		(3,520)		(20)		(15,476)
Other comprehensive (loss)/income before reclassifications (e)	(340)		248		702		22		632
Amounts reclassified from accumulated other comprehensive loss	18		(48)		299		—		269
Net other comprehensive (loss)/income	(322)		200		1,001		22		901
Tax amounts	(47)		(45)		(231)		—		(323)
Balance as of December 25, 2021 (b)	$	(12,309)	$	159	$	(2,750)	$	2	$	(14,898)

(a)The change in 2021 primarily comprises fair value increases in available-for-sale securities.

(b)Pension and retiree medical amounts are net of taxes of $1,466 million as of December 29, 2018, $1,370 million as of December 28, 2019, $1,514 million as of December 26, 2020 and $1,283 million as of December 25, 2021.

(c)Currency translation adjustment primarily reflects the appreciation of the Russian ruble, Canadian dollar, Mexican peso and Pound sterling.

(d)Currency translation adjustment primarily reflects the depreciation of the Russian ruble and Mexican peso.

(e)Currency translation adjustment primarily reflects the depreciation of the Turkish lira, Swiss franc and Mexican peso.

The following table summarizes the reclassifications from accumulated other comprehensive loss to the income statement:

	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item in the Income Statement
	2021		2020		2019
Currency translation:
Divestitures	$	18	$	—	$	—	Selling, general and administrative expenses
Cash flow hedges:
Foreign exchange contracts	$	6	$	—	$	1	Net revenue
Foreign exchange contracts	76		(43)		2		Cost of sales
Interest rate derivatives	64		(129)		7		Selling, general and administrative expenses
Commodity contracts	(190)		50		3		Cost of sales
Commodity contracts	(4)		6		1		Selling, general and administrative expenses
Net (gains)/losses before tax	(48)		(116)		14
Tax amounts	11		29		(2)
Net (gains)/losses after tax	$	(37)	$	(87)	$	12
Pension and retiree medical items:
Amortization of net prior service credit	$	(44)	$	—	$	(9)	Other pension and retiree medical benefits income/(expense)
Amortization of net losses	289		238		169		Other pension and retiree medical benefits income/(expense)
Settlement/curtailment losses	54		227		308		Other pension and retiree medical benefits income/(expense)
Net losses before tax	299		465		468
Tax amounts	(65)		(101)		(102)
Net losses after tax	$	234	$	364	$	366
Total net losses reclassified for the year, net of tax	$	215	$	277	$	378