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Basis of Presentation and Our Divisions (Tables)
 12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fiscal Period
Our fiscal year ends on the last Saturday of each December, resulting in a 53rd reporting week every five or six years, including in our 2022 financial results. While our North America financial results are reported on a weekly calendar basis, substantially all of our international operations reported on a monthly calendar basis prior to the fourth quarter of 2021. Beginning in the fourth quarter of 2021, all of our international operations reported on a monthly calendar basis. This change did not have a material impact on our consolidated financial statements. The following chart details our quarterly reporting schedule for 2022, reflecting the additional week in the fourth quarter:
QuarterUnited States and CanadaInternational
First Quarter12 weeksJanuary, February
Second Quarter12 weeksMarch, April and May
Third Quarter12 weeksJune, July and August
Fourth Quarter17 weeksSeptember, October, November and December
Share Based Compensation Percentage Allocation by Division [Table Text Block]
The allocation of share-based compensation expense of each division is as follows:
202220212020
FLNA13 %13 %13 %
QFNA1 %1 %1 %
PBNA20 %19 %18 %
LatAm6 %5 %6 %
Europe11 %13 %16 %
AMESA5 %6 %6 %
APAC3 %2 %2 %
Corporate unallocated expenses41 %41 %38 %
Schedule of Segment Reporting Information, by Segment
Net revenue and operating profit/(loss) of each division are as follows:
 Net RevenueOperating Profit/(Loss)
 202220212020
2022(a)
20212020
FLNA$23,291 $19,608 $18,189 $6,135 $5,633 $5,340 
QFNA3,160 2,751 2,742 604 578 669 
PBNA (b)
26,213 25,276 22,559 5,426 2,442 1,937 
LatAm9,779 8,108 6,942 1,627 1,369 1,033 
Europe (b)
12,724 13,038 11,922 (1,380)1,292 1,353 
AMESA (c)
6,438 6,078 4,573 666 858 600 
APAC (c)
4,787 4,615 3,445 537 673 590 
Total division86,392 79,474 70,372 13,615 12,845 11,522 
Corporate unallocated expenses— — — (2,103)(1,683)(1,442)
Total$86,392 $79,474 $70,372 $11,512 $11,162 $10,080 
(a)See below for impairment and other charges taken related to the Russia-Ukraine conflict, brand portfolio impairment and other impairment.
(b)In 2022, we recorded a gain of $3,029 million and $292 million in our PBNA and Europe divisions, respectively, associated with the Juice Transaction. The total after-tax amount was $2,888 million or $2.08 per share. See Note 13 for further information.
(c)In 2021, the increase in net revenue in our AMESA and APAC divisions reflect our acquisitions of Pioneer Foods and Be & Cheery, respectively. See Note 13 for further information.
Disaggregation of Net Revenue
Our primary performance obligation is the distribution and sales of beverage and convenient food products to our customers. The following table reflects 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:
202220212020
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
LatAm10 %90 %10 %90 %10 %90 %
Europe50 %50 %55 %45 %55 %45 %
AMESA30 %70 %30 %70 %30 %70 %
APAC25 %75 %20 %80 %25 %75 %
PepsiCo40 %60 %45 %55 %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% of our consolidated net revenue in 2022 and approximately 40% of our consolidated net revenue in 2021 and 2020. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages
Schedule of Unusual or Infrequent Items, or Both
Operating profit includes certain pre-tax charges taken as a result of the COVID-19 pandemic related to incremental employee compensation costs, such as certain leave benefits and labor costs, employee protection costs, allowances for expected credit losses and upfront payments to customers and their related adjustments for changes in estimates as conditions improve, inventory write-downs, product returns and other expenses. These pre-tax charges by division are as follows:
COVID-19 charges
202220212020
FLNA$25 $56 $229 
QFNA1 2 15 
PBNA (a)
23 (11)304 
LatAm15 64 102 
Europe5 21 88 
AMESA5 7 33 
APAC21 9 3 
Total$95 $148 $774 
(a)Income amount primarily relates to adjustments for changes in estimates of allowances for expected credit losses and upfront payments to customers, due to improved projected default rates and lower at-risk balances.
Segment Reporting Information By Total Assets And Capital Spending
Total assets and capital spending of each division are as follows:
 Total AssetsCapital Spending
 20222021202220212020
FLNA$11,042 $9,763 $1,464 $1,411 $1,189 
QFNA1,245 1,101 93 92 85 
PBNA40,286 37,801 1,714 1,275 1,245 
LatAm7,886 7,272 581 461 390 
Europe16,230 18,472 668 752 730 
AMESA6,143 6,125 307 325 252 
APAC5,452 5,654 241 203 230 
Total division88,284 86,188 5,068 4,519 4,121 
Corporate (a)
3,903 6,189 139 106 119 
Total$92,187 $92,377 $5,207 $4,625 $4,240 
(a)Corporate assets consist principally of certain cash and cash equivalents, restricted cash, short-term investments, derivative instruments, property, plant and equipment, pension plan assets and tax assets. In 2022, the change in assets was primarily due to a decrease in cash and cash equivalents.
Segment Reporting Information By Amortization Of Intangible Assets And Depreciation And Other Amortization
Amortization of intangible assets and depreciation and other amortization of each division are as follows:
 Amortization of 
Intangible Assets 		Depreciation and
Other Amortization
 202220212020202220212020
FLNA$11 $11 $10 $653 $594 $550 
QFNA— — — 47 46 41 
PBNA22 25 28 930 926 899 
LatAm3 4 4 306 283 251 
Europe30 37 40 357 364 350 
AMESA4 5 3 179 181 149 
APAC8 9 5 92 102 91 
Total division78 91 90 2,564 2,496 2,331 
Corporate— — — 121 123 127 
Total$78 $91 $90 $2,685 $2,619 $2,458 
Segment Reporting Information By Net Revenue And Long-Lived Assets
Net revenue and long-lived assets by country are as follows:
 Net Revenue
Long-Lived Assets(a)
 20222021202020222021
United States$49,390 $44,545 $40,800 $38,240 $36,324 
Mexico5,472 4,580 3,924 1,933 1,720 
Russia4,118 3,426 3,009 2,538 3,751 
Canada3,536 3,405 2,989 2,678 2,846 
China (b)
2,752 2,679 1,732 1,517 1,745 
United Kingdom1,844 2,102 1,882 847 906 
South Africa (c)
1,837 2,008 1,282 1,327 1,389 
All other countries17,443 16,729 14,754 12,885 13,399 
Total$86,392 $79,474 $70,372 $61,965 $62,080 
(a)Long-lived assets represent property, plant and equipment, indefinite-lived intangible assets, amortizable intangible assets, investments in noncontrolled affiliates and other investments included in other assets. See Notes 2 and 14 for further information on property, plant and equipment. See Notes 2 and 4 for further information on goodwill and other intangible assets. See Note 14 for further information on other assets. Investments in noncontrolled affiliates are evaluated for impairment upon a significant change in the operating or macroeconomic environment. These assets are reported in the country where they are primarily used.
(b)In 2021, the increase in net revenue reflects our acquisition of Be & Cheery. See Note 13 for further information.
(c)
Impairment Related to Russia-Ukraine conflict
Impairment and Other Charges
We recognized Russia-Ukraine conflict charges, brand portfolio impairment charges and other impairment charges as described below.
A summary of pre-tax charges taken in 2022 in our Europe division as a result of the Russia-Ukraine conflict is as follows:
Russia-Ukraine conflict charges
Cost of salesSelling, general and administrative expenses
Impairment of intangible assets(a)
Total
Impairment charges related to intangible assets$— $— $1,198 $1,198 
Impairment charges related to property, plant and equipment103 22 — 125 
Allowance for expected credit losses— 12 — 12 
Allowance for inventory write downs28 1 — 29 
Other9 42 — 51 
Total$140 $77 $1,198 $1,415 
After-tax amount$1,124 
Impact on net income attributable to PepsiCo per common share$(0.81)
(a)See Note 4 for further information. For information on our policies for indefinite-lived intangible assets, see Note 2.
Impairment Charges Related to Brand Portfolio
A summary of pre-tax charges taken in 2022 as a result of our decision to reposition or discontinue the sale/distribution of certain brands and to sell an investment is as follows:
Brand portfolio impairment charges
Cost of salesSelling, general and administrative expenses
Impairment of intangible assets(a)
Total
PBNA$26 $8 $126 $160 Impairment and other charges associated with distribution rights and inventory due to the termination of Bang energy drinks distribution agreement
LatAm— 35 36 71 
Loss on sale and impairment of intangible assets related to the sale of certain non-strategic brands
Europe1 10 242 253 Primarily impairment of intangible assets related to the discontinuation or repositioning of certain juice and dairy brands in Russia
AMESA29 121 9 159 Primarily impairment of investment, property, plant and equipment and intangible assets related to the sale or discontinuation of non-strategic investment and brands
APAC5 — — 5 
Impairment of property, plant and equipment related to the discontinuation of a non-strategic brand in China
Total$61 $174 $413 $648 
After-tax amount$522 
Impact on net income attributable to PepsiCo per common share$(0.38)
(a)See Note 4 for further information. For information on our policies for indefinite-lived intangible assets, see Note 2.
Other Impairment Charges
A summary of pre-tax impairment charges taken in 2022 as a result of our quantitative assessments of certain of our indefinite-lived intangible assets is as follows:
Other impairment charges
Impairment of intangible assets(a)
FLNA$88 Related to a baked fruit convenient food brand
Europe1,264 Related to the SodaStream brand
AMESA31 Primarily related to certain juice brands from the Pioneer Foods acquisition
APAC172 Related to the Be & Cheery brand
Total$1,555 
After-tax amount$1,301 
Impact on net income attributable to PepsiCo per common share$(0.94)
(a)See Note 4 for further information. For information on our policies for indefinite-lived intangible assets, see Note 2.