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Basis of Presentation and Our Divisions (Tables)
 12 Months Ended
Dec. 30, 2023
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:
QuarterUnited States and CanadaInternational
First Quarter12 weeksJanuary and February
Second Quarter12 weeksMarch, April and May
Third Quarter12 weeksJune, July and August
Fourth Quarter16 weeks (17 weeks for 2022)September, 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:
202320222021
FLNA13 %13 %13 %
QFNA1 %1 %1 %
PBNA18 %20 %19 %
LatAm6 %6 %5 %
Europe10 %11 %13 %
AMESA5 %5 %6 %
APAC3 %3 %2 %
Corporate unallocated expenses44 %41 %41 %
Schedule of Revenues from External Customers and Long Lived Assets [Table]
Net revenue and operating profit/(loss) of each division are as follows:
 Net RevenueOperating Profit/(Loss)
 202320222021
2023(a)
2022(a)
2021
FLNA$24,914 $23,291 $19,608 $6,755 $6,135 $5,633 
QFNA (b)
3,101 3,160 2,751 492 604 578 
PBNA (c)
27,626 26,213 25,276 2,584 5,426 2,442 
LatAm11,654 9,779 8,108 2,252 1,627 1,369 
Europe (c)
13,234 12,724 13,038 767 (1,380)1,292 
AMESA6,139 6,438 6,078 807 666 858 
APAC4,803 4,787 4,615 713 537 673 
Total division91,471 86,392 79,474 14,370 13,615 12,845 
Corporate unallocated expenses— — — (2,384)(2,103)(1,683)
Total$91,471 $86,392 $79,474 $11,986 $11,512 $11,162 
(a)See below for impairment and other charges taken related to the Russia-Ukraine conflict, brand portfolio impairment and other impairment.
(b)In 2023, operating profit included a pre-tax charge of $136 million ($104 million after-tax or $0.07 per share) in cost of sales for product returns, inventory write-offs and customer and consumer-related costs associated with the Quaker Recall.
(c)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.
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 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:
202320222021
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
LatAm9 %91 %9 %91 %10 %90 %
Europe48 %52 %50 %50 %54 %46 %
AMESA29 %71 %30 %70 %31 %69 %
APAC23 %77 %23 %77 %22 %78 %
PepsiCo41 %59 %42 %58 %45 %55 %
    
(a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe divisions, is 35%, 37% and 40% of our consolidated net revenue in 2023, 2022 and 2021, respectively. 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. These pre-tax charges were not significant in 2023. In 2022 and 2021, these pre-tax charges by division were as follows:
COVID-19 charges
20222021
FLNA$25 $56 
QFNA1 2 
PBNA (a)
23 (11)
LatAm15 64 
Europe5 21 
AMESA5 7 
APAC21 9 
Total$95 $148 
(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
 20232022202320222021
FLNA$12,176 $11,042 $1,341 $1,464 $1,411 
QFNA1,199 1,245 103 93 92 
PBNA41,355 40,286 1,723 1,714 1,275 
LatAm9,281 7,886 841 581 461 
Europe15,615 16,230 551 668 752 
AMESA6,389 6,143 391 307 325 
APAC5,630 5,452 284 241 203 
Total division91,645 88,284 5,234 5,068 4,519 
Corporate (a)
8,850 3,903 284 139 106 
Total$100,495 $92,187 $5,518 $5,207 $4,625 
(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 2023, the change in assets was primarily due to an increase 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
 202320222021202320222021
FLNA$11 $11 $11 $736 $653 $594 
QFNA— — — 51 47 46 
PBNA22 22 25 1,003 930 926 
LatAm2 3 4 372 306 283 
Europe29 30 37 347 357 364 
AMESA3 4 5 167 179 181 
APAC8 8 9 99 92 102 
Total division75 78 91 2,775 2,564 2,496 
Corporate— — — 98 121 123 
Total$75 $78 $91 $2,873 $2,685 $2,619 
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)
 20232022202120232022
United States$52,165 $49,390 $44,545 $41,234 $38,240 
Mexico7,011 5,472 4,580 2,509 1,933 
Canada3,722 3,536 3,405 2,815 2,678 
Russia3,566 4,118 3,426 1,986 2,538 
China2,703 2,752 2,679 1,510 1,517 
United Kingdom1,946 1,844 2,102 868 847 
Brazil1,779 1,617 1,252 573 446 
South Africa1,707 1,837 2,008 1,305 1,327 
All other countries16,872 15,826 15,477 11,226 12,439 
Total$91,471 $86,392 $79,474 $64,026 $61,965 
(a)Long-lived assets represent property, plant and equipment, indefinite-lived intangible assets, amortizable intangible assets, investments in noncontrolled affiliates and other investments included in other assets. See Notes 2 and 15 for further information on property, plant and equipment. See Notes 2 and 4 for further information on goodwill and other intangible assets. See Notes 9 and 15 for further information on other assets. These assets are reported in the country where they are primarily used.
Impairment Related to Russia-Ukraine conflict
Impairment and Other Charges
We recognized Russia-Ukraine conflict charges, brand portfolio impairment charges and other impairment charges as described below.
A summary of pre-tax charges taken in 2022 in our Europe division as a result of the Russia-Ukraine conflict is as follows:
Cost of salesSelling, general and administrative expenses
Impairment of intangible assets(a)
Total
Impairment charges related to intangible assets$— $— $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 
Other 9 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.

In 2023, a pre-tax credit of $7 million ($7 million after-tax or $0.01 per share) was recorded in our Europe division, primarily in selling, general and administrative expenses, representing adjustments for changes in estimates of previously recorded amounts. In addition, a tax benefit of $68 million ($0.05 per share) was recorded in our Europe division related to the impairment of certain consolidated investments.
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:
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.

In 2023, a pre-tax credit of $13 million ($13 million after-tax or $0.01 per share) was recorded in our AMESA division, with $9 million in selling, general and administrative expenses and $4 million in cost of sales. In addition, a pre-tax charge of $2 million ($1 million after-tax with a nominal amount per share) was recorded in our LatAm division in selling, general and administrative expenses. Both of these amounts represent adjustments for changes in estimates of previously recorded amounts.
Other Impairment Charges
A summary of pre-tax impairment charges taken as a result of our quantitative assessments of certain of our indefinite-lived intangible assets and related to our investment in TBG is as follows:
Other impairment charges
20232022
Selling, general and administrative expenses
Impairment of intangible assets(a)
Total
Impairment of intangible assets(a)
FLNA$— $— $— $88 Related to a baked fruit convenient food brand
PBNA321 — 321 — Includes our proportionate share of TBG’s indefinite-lived intangible assets impairment and other-than-temporary impairment of our investment in TBG
Europe— 862 862 1,264 Related to the SodaStream brand and goodwill
AMESA— 6 6 31Related to brands from the Pioneer Foods acquisition
APAC— 59 59 172Related to the Be & Cheery brand
Total$321 $927 $1,248 $1,555 
After-tax amount$1,033 $1,301 
Impact on net income attributable to PepsiCo per common share$(0.75)$(0.94)
(a)See Note 4 for further information. For information on our policies for indefinite-lived intangible assets, see Note 2.