Acquisitions & Divestitures (Tables)

8 Months Ended

Sep. 03, 2022

A summary of income statement activity related to the Juice Transaction in the 36 weeks ended September 3, 2022 is as follows:


	PBNA		Europe		Corporate		Total 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	$	(3,029)	$	(292)	$	—	$	(3,321)	$	452	$	(2,869)	$	2.07
Acquisition and divestiture-related charges	42		13		6		61		(10)		51		(0.04)
Operating profit	$	(2,987)	$	(279)	$	6	(3,260)		442		(2,818)		2.03
Other pension and retiree medical benefits income (b)							(10)		3		(7)		0.01
Total Juice Transaction							$	(3,270)	$	445	$	(2,825)	$	2.03	(c)

(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.

(c)Does not sum due to rounding.

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


	12 Weeks Ended				36 Weeks Ended
	9/3/2022		9/4/2021		9/3/2022		9/4/2021		Transaction
FLNA	$	—	$	—	$	—	$	2	BFY Brands, Inc.
PBNA	3		—		42		2		Juice Transaction, Rockstar
Europe	—		—		13		—		Juice Transaction
AMESA	2		1		2		8		Pioneer Foods
APAC	—		—		—		3		Be & Cheery
Corporate (a)	—		(4)		6		(3)		Juice Transaction, Rockstar
Total (b)	5		(3)		63		12
Other pension and retiree medical benefits expense	—		—		6		—		Juice Transaction
Total acquisition and divestiture-related charges	$	5	$	(3)	$	69	$	12
After-tax amount	$	3	$	(2)	$	57	$	12
Impact on net income attributable to PepsiCo per common share	$	—	$	—	$	(0.04)	$	(0.01)

(a)Income amounts primarily relate to the change in the fair value of contingent consideration associated with our acquisition of Rockstar.

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