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Basis of Presentation and Our Divisions (Tables)
 12 Months Ended
Dec. 25, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fiscal Period
Our fiscal year ends on the last Saturday of each December, resulting in a 53rd reporting week every five or six years, including in our 2022 financial results. While our North America results are reported on a weekly calendar basis, substantially all of our international operations reported on a monthly calendar basis prior to the fourth quarter of 2021, and beginning in the fourth quarter of 2021, all of our international operations report on a monthly calendar basis. This change did not have a material impact on our consolidated financial statements. The following chart details our quarterly reporting schedule for the three years presented:
QuarterUnited States and CanadaInternational
First Quarter12 weeksJanuary, February
Second Quarter12 weeksMarch, April and May
Third Quarter12 weeksJune, July and August
Fourth Quarter16 weeksSeptember, October, November and December
Share Based Compensation Percentage Allocation by Division [Table Text Block]
The allocation of share-based compensation expense of each division is as follows:
202120202019
FLNA13 %13 %13 %
QFNA1 %1 %1 %
PBNA19 %18 %17 %
LatAm5 %6 %7 %
Europe13 %16 %17 %
AMESA6 %6 %3 %
APAC2 %2 %5 %
Corporate unallocated expenses41 %38 %37 %
Schedule of Segment Reporting Information, by Segment
Net revenue and operating profit of each division are as follows:
 Net RevenueOperating Profit
 202120202019202120202019
FLNA$19,608 $18,189 $17,078 $5,633 $5,340 $5,258 
QFNA2,751 2,742 2,482 578 669 544 
PBNA25,276 22,559 21,730 2,442 1,937 2,179 
LatAm8,108 6,942 7,573 1,369 1,033 1,141 
Europe13,038 11,922 11,728 1,292 1,353 1,327 
AMESA (a)
6,078 4,573 3,651 858 600 671 
APAC (b)
4,615 3,445 2,919 673 590 477 
Total division79,474 70,372 67,161 12,845 11,522 11,597 
Corporate unallocated expenses— — — (1,683)(1,442)(1,306)
Total$79,474 $70,372 $67,161 $11,162 $10,080 $10,291 
(a)The increase in net revenue reflects our acquisition of Pioneer Foods. See Note 13 for further information.
(b)The increase in net revenue reflects our acquisition of Be & Cheery. See Note 13 for further information.
Disaggregation of Revenue
Our primary performance obligation is the distribution and sales of beverage and convenient food products to our customers. The following table reflects the approximate percentage of net revenue generated between our beverage business and our convenient food business for each of our international divisions, as well as our consolidated net revenue:
202120202019
Beverage(a)
Convenient Food
Beverage(a)
Convenient Food
Beverage(a)
Convenient Food
LatAm10 %90 %10 %90 %10 %90 %
Europe55 %45 %55 %45 %55 %45 %
AMESA (b)
30 %70 %30 %70 %40 %60 %
APAC20 %80 %25 %75 %25 %75 %
PepsiCo45 %55 %45 %55 %45 %55 %
(a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe segments, is approximately 40% of our consolidated net revenue. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.
(b)The increase in the approximate percentage of net revenue generated by our convenient food business in 2020 primarily reflects our acquisition of Pioneer Foods. See Note 13 for further information.
Schedule of Unusual or Infrequent Items, or Both
Operating profit in 2021 and 2020 includes certain pre-tax charges/credits taken as a result of the COVID-19 pandemic. These pre-tax charges/credits by division are as follows:
2021
Allowances for Expected Credit Losses(a)
Upfront Payments to Customers(b)
Inventory Write-Downs and Product Returns(c)
Employee Compensation Expense(d)
Employee Protection Costs(e)
Other(f)
Total
FLNA$(8)$— $— $35 $27 $2 $56 
QFNA(1)— — 2 1 — 2 
PBNA(19)(21)— 31 14 (16)(11)
LatAm— — 1 44 15 4 64 
Europe(3)(2)— 13 8 5 21 
AMESA(1)— (2)1 3 6 7 
APAC— — — 2 2 5 9 
Total$(32)$(23)$(1)$128 $70 $6 $148 
2020
Allowances for Expected Credit Losses(a)
Upfront Payments to Customers(b)
Inventory Write-Downs and Product Returns(c)
Employee Compensation Expense(d)
Employee Protection Costs(e)
Other(f)
Total
FLNA$17 $— $8 $145 $59 $— $229 
QFNA2 — — 9 3 1 15 
PBNA29 56 28 115 50 26 304 
LatAm1 — 19 56 18 8 102 
Europe5 3 11 23 22 24 88 
AMESA2 — 3 9 7 12 33 
APAC— — 3 (7)2 5 3 
Total$56 $59 $72 $350 $161 $76 $774 
(a)Reflects the expected impact of the global economic uncertainty caused by COVID-19, leveraging estimates of creditworthiness and projections of default and recovery rates for certain of our customers, including foodservice and vending businesses. Income amounts represent reductions in the previously recorded reserves due to improved projected default rates and lower at-risk receivable balances.
(b)Relates to promotional spending for which benefit is not expected to be received. Income amounts represent reductions in previously recorded reserves due to improved projected default rates and lower overall advance balances.
(c)Income amount represents a true-up of inventory write-downs. Includes a reserve for product returns of $20 million in 2020.
(d)Includes incremental frontline incentive pay, crisis child care and other leave benefits and labor costs. Income amount includes a social welfare relief credit of $11 million.
(e)Includes costs associated with personal protective equipment, temperature scans, cleaning and other sanitization services.
(f)Includes certain reserves for property, plant and equipment, donations of cash and product, and other costs. Income amount represents adjustments for changes in estimates of previously recorded amounts.
Segment Reporting Information By Total Assets And Capital Spending
Total assets and capital spending of each division are as follows:
 Total AssetsCapital Spending
 20212020202120202019
FLNA$9,763 $8,730 $1,411 $1,189 $1,227 
QFNA1,101 1,021 92 85 104 
PBNA37,801 37,079 1,275 1,245 1,053 
LatAm7,272 6,977 461 390 557 
Europe18,472 17,917 752 730 613 
AMESA6,125 5,942 325 252 267 
APAC5,654 5,770 203 230 195 
Total division86,188 83,436 4,519 4,121 4,016 
Corporate (a)
6,189 9,482 106 119 216 
Total$92,377 $92,918 $4,625 $4,240 $4,232 
(a)Corporate assets consist principally of certain cash and cash equivalents, restricted cash, short-term investments, derivative instruments, property, plant and equipment and tax assets. In 2021, the change in assets was primarily due to a decrease in cash and cash equivalents and short-term investments. Refer to the cash flow statement for further information.
Segment Reporting Information By Amortization Of Intangible Assets And Depreciation And Other Amortization
Amortization of intangible assets and depreciation and other amortization of each division are as follows:
 Amortization of 
Intangible Assets 		Depreciation and
Other Amortization
 202120202019202120202019
FLNA$11 $10 $7 $594 $550 $492 
QFNA— — — 46 41 44 
PBNA25 28 29 926 899 857 
LatAm4 4 5 283 251 270 
Europe37 40 37 364 350 341 
AMESA5 3 2 181 149 116 
APAC9 5 1 102 91 76 
Total division91 90 81 2,496 2,331 2,196 
Corporate— — — 123 127 155 
Total$91 $90 $81 $2,619 $2,458 $2,351 
Segment Reporting Information By Net Revenue And Long-Lived Assets
Net revenue and long-lived assets by country are as follows:
 Net Revenue
Long-Lived Assets(a)
 20212020201920212020
United States$44,545 $40,800 $38,644 $36,324 $36,657 
Mexico4,580 3,924 4,190 1,720 1,708 
Russia3,426 3,009 3,263 3,751 3,644 
Canada3,405 2,989 2,831 2,846 2,794 
China (b)
2,679 1,732 1,300 1,745 1,649 
United Kingdom2,102 1,882 1,723 906 874 
South Africa (c)
2,008 1,282 405 1,389 1,484 
All other countries16,729 14,754 14,805 13,399 13,423 
Total$79,474 $70,372 $67,161 $62,080 $62,233 
(a)Long-lived assets represent property, plant and equipment, indefinite-lived intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. See Note 2 and Note 14 for further information on property, plant and equipment. See Note 2 and Note 4 for further information on goodwill and other intangible assets. Investments in noncontrolled affiliates are evaluated for
impairment upon a significant change in the operating or macroeconomic environment. These assets are reported in the country where they are primarily used.
(b)The increase in net revenue reflects our acquisition of Be & Cheery. See Note 13 for further information.
(c)The increase in net revenue reflects our acquisition of Pioneer Foods. See Note 13 for further information.