Acquisitions & Divestitures (Tables)

3 Months Ended

Mar. 19, 2022

Acquisitions & Divestitures [Abstract]

Juice Transaction [Table Text Block]

A summary of income statement activity related to the Juice Transaction in the 12 weeks ended March 19, 2022 is as follows:

	PBNA		Europe		Corporate		PepsiCo		Provision for income taxes(a)		Net income attributable to PepsiCo		Impact on net income attributable to PepsiCo per common share
Gain associated with the Juice Transaction	$	(3,024)	$	(298)	$	—	$	(3,322)	$	452	$	(2,870)	$	2.06
Acquisition and divestiture-related charges	37		10		3		50		(8)		42		(0.03)
Operating profit	$	(2,987)	$	(288)	$	3	(3,272)		444		(2,828)		2.03
Other pension and retiree medical benefits income (b)							(10)		3		(7)		0.01
Total Juice Transaction							$	(3,282)	$	447	$	(2,835)	$	2.04

(a)Includes $194 million of deferred tax expense related to the recognition of our investment in the Tropicana JV.

(b)Includes $16 million curtailment gain, partially offset by $6 million special termination benefits.

Business Combination, Separately Recognized Transactions [Table Text Block]

A summary of our acquisition and divestiture-related charges is as follows:

	12 Weeks Ended
	3/19/2022		3/20/2021		Transaction
FLNA	$	—	$	2	BFY Brands, Inc.
PBNA	37		1		Juice Transaction, Rockstar
Europe	10		—		Juice Transaction
AMESA	—		1		Pioneer Foods
Corporate (a)	3		(14)		Juice Transaction, Rockstar
Total (b)	50		(10)
Other pension and retiree medical benefits expense	6		—		Juice Transaction
Total acquisition and divestiture-related charges	$	56	$	(10)
After-tax amount	$	47	$	(7)
Impact on net income attributable to PepsiCo per common share	$	(0.03)	$	0.01

(a)Income amount primarily relates to changes in fair value of the contingent consideration in connection with our acquisition of Rockstar.

(b)Recorded in selling, general and administrative expenses.