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Basis of Presentation (Tables)
 3 Months Ended
Mar. 19, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
Net revenue of each division is as follows:
12 Weeks Ended
3/19/20223/20/2021
FLNA$4,839 $4,236 
QFNA713 646 
PBNA5,353 5,074 
LatAm1,474 1,242 
Europe1,797 1,795 
AMESA1,004 883 
APAC1,020 944 
Total$16,200 $14,820 
Disaggregation of Revenue [Table Text Block]
Our primary performance obligation is the distribution and sales of beverage and convenient food products to our customers. The following tables reflect 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:
12 Weeks Ended
3/19/20223/20/2021
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
LatAm10 %90 %10 %90 %
Europe50 %50 %50 %50 %
AMESA30 %70 %30 %70 %
APAC15 %85 %15 %85 %
PepsiCo (b)
40 %60 %45 %55 %
(a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe divisions, is approximately 35% and 40% of our consolidated net revenue in the 12 weeks ended March 19, 2022 and March 20, 2021, respectively. Generally, our finished goods beverage operations produce higher net revenue but lower operating margin as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.
(b)The decrease in the percentage of net revenue generated by our beverage business in the 12 weeks ended March 19, 2022 primarily reflects the Juice Transaction. See Note 11 for further information.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
Operating profit of each division is as follows:
12 Weeks Ended
3/19/20223/20/2021
FLNA$1,296 $1,240 
QFNA159 150 
PBNA (a)
3,434 366 
LatAm323 218 
Europe (a) (b)
(136)131 
AMESA180 138 
APAC215 208 
Total divisions5,471 2,451 
Corporate unallocated expenses (c)
(204)(139)
Total$5,267 $2,312 
(a)In the 12 weeks ended March 19, 2022, we recorded a gain of $3.0 billion and $298 million in our PBNA and Europe divisions, respectively, associated with the Juice Transaction. The total after-tax amount was $2.9 billion or $2.06 per share. See Note 11 for further information.
(b)In the 12 weeks ended March 19, 2022, we recorded pre-tax impairment charges (Brand Portfolio Impairment Charges) of $241 million ($193 million after-tax or $0.14 per share) in selling, general and administrative expenses related to the discontinuation or repositioning of certain juice and dairy brands in Russia. See Note 3 for further information. Also see below for charges taken as a result of the Russia-Ukraine conflict.
(c)In the 12 weeks ended March 20, 2021, we recorded a pre-tax unrealized gain of $108 million ($82 million after-tax or $0.06 per share) on our short-term investment in a publicly traded company, based on the quoted active market price as of market close on March 19, 2021, the last trading day of our first quarter of 2021. The gain was recorded in selling, general and administrative expenses within corporate unallocated expenses. We sold all of these shares during the second quarter of 2021.
Schedule of Unusual or Infrequent Items, or Both [Table Text Block]
Operating profit includes certain pre-tax charges in our Europe division, taken as a result of the Russia-Ukraine conflict. These pre-tax charges are as follows:
12 Weeks Ended 3/19/2022
Impairment charges related to property, plant and equipment$123 
Allowance for expected credit losses37 
Inventory write-downs33 
Other48 
Total (a)
$241 
After-tax amount$241 
Impact on net income attributable to PepsiCo per common share$(0.17)
(a)Includes $140 million recorded in cost of sales and $101 million recorded in selling, general and administrative expenses.
Operating profit includes certain pre-tax charges taken as a result of the COVID-19 pandemic, primarily related to incremental employee compensation costs, such as certain leave benefits and labor costs, and employee protection costs. These pre-tax charges by division are as follows:
12 Weeks Ended
3/19/20223/20/2021
FLNA$14 $24 
QFNA1 2 
PBNA10 13 
LatAm6 15 
Europe1 6 
AMESA (a)
2 (1)
APAC2 2 
Total$36 $61 
(a)Income amount primarily relates to a true-up of inventory write-downs.