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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 8 Months Ended
Sep. 03, 2022
Sep. 04, 2021
Sep. 03, 2022
Sep. 04, 2021
Net Revenue $ 21,971 $ 20,189 $ 58,396 $ 54,226
Cost of sales 10,308 9,394 27,156 24,945
Gross profit 11,663 10,795 31,240 29,281
Selling, general and administrative expenses 8,295 7,636 22,262 20,681
Gain associated with the Juice Transaction 14 0 (3,321) 0
Impairment of Intangible Assets (Excluding Goodwill) 1 0 1,602 0
Operating Profit 3,353 3,159 10,697 8,600
Other pension and retiree medical benefits income 36 118 168 364
Net interest expense and other (190) (232) (666) (731)
Income before income taxes 3,199 3,045 10,199 8,233
Provision for income taxes 475 802 1,756 1,895
Net income 2,724 2,243 8,443 6,338
Net Income (Loss) Attributable to Noncontrolling Interest 22 19 51 42
Net Income Attributable to PepsiCo $ 2,702 $ 2,224 $ 8,392 $ 6,296
Net Income Attributable to PepsiCo per Common Share        
Earnings Per Share, Basic (in USD per share) $ 1.96 $ 1.61 $ 6.07 $ 4.56
Earnings Per Share, Diluted (in USD per share) $ 1.95 $ 1.60 $ 6.04 $ 4.54
Weighted-average common shares outstanding        
Weighted Average Number of Shares Outstanding, Basic (in shares) 1,380 1,382 1,382 1,381
Weighted Average Number of Shares Outstanding, Diluted (in shares) 1,387 1,389 1,389 1,388
Income Statement Additional Disclosure        
Disposal Group, Including Discontinued Operation, Consideration $ 3,500   $ 3,500  
Tropicana JV        
Income Statement Additional Disclosure        
Equity Method Investment, Ownership Percentage 39.00%   39.00%