Restructuring and Impairment Charges (Tables)

8 Months Ended

Sep. 03, 2022

2019 Productivity Plan

Restructuring Cost and Reserve [Line Items]

Summary of Productivity Plan Activity

The total expected plan pre-tax charges are expected to be incurred by division approximately as follows:

	FLNA		QFNA		PBNA		LatAm		Europe		AMESA		APAC		Corporate
Expected pre-tax charges	15	%	1	%	25	%	10	%	25	%	5	%	4	%	15	%

A summary of our 2019 Productivity Plan charges is as follows:

	12 Weeks Ended				36 Weeks Ended
	9/3/2022		9/4/2021		9/3/2022		9/4/2021
Cost of sales	$	1	$	9	$	6	$	13
Selling, general and administrative expenses	50		42		117		110
Other pension and retiree medical benefits expense	—		1		3		6
Total restructuring and impairment charges	$	51	$	52	$	126	$	129
After-tax amount	$	40	$	45	$	101	$	109
Impact on net income attributable to PepsiCo per common share	$	(0.03)	$	(0.03)	$	(0.07)	$	(0.08)

	12 Weeks Ended				36 Weeks Ended				Plan to Date
	9/3/2022		9/4/2021		9/3/2022		9/4/2021		through 9/3/2022
FLNA	$	4	$	2	$	10	$	20	$	174
QFNA	1		1		1		1		13
PBNA	4		3		9		8		167
LatAm	3		14		17		22		156
Europe	21		20		40		46		274
AMESA	—		5		5		9		75
APAC	4		1		8		2		69
Corporate	14		5		33		15		172
	51		51		123		123		1,100
Other pension and retiree medical benefits expense	—		1		3		6		70
Total	$	51	$	52	$	126	$	129	$	1,170

	12 Weeks Ended				36 Weeks Ended				Plan to Date
	9/3/2022		9/4/2021		9/3/2022		9/4/2021		through 9/3/2022
Severance and other employee costs	$	10	$	28	$	41	$	77	$	605
Asset impairments	7		3		7		4		164
Other costs	34		21		78		48		401
Total	$	51	$	52	$	126	$	129	$	1,170

A summary of our 2019 Productivity Plan activity for the 36 weeks ended September 3, 2022 is as follows:

	Severance and Other Employee Costs		Asset Impairments		Other Costs		Total
Liability as of December 25, 2021	$	64	$	—	$	7	$	71
2022 restructuring charges	41		7		78		126
Cash payments	(55)		—		(79)		(134)
Non-cash charges and translation	(6)		(7)		—		(13)
Liability as of September 3, 2022	$	44	$	—	$	6	$	50