PepsiCo (PEP) 10-Q 18 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 19, 2016	Apr. 08, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 19, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	PEP
Entity Registrant Name	PEPSICO INC
Entity Central Index Key	77,476
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,444,417,034

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 19, 2016	Mar. 21, 2015
Net Revenue		$ 11,862	$ 12,217
Cost of sales		5,151	5,503
Gross Profit		6,711	6,714
Selling, general and administrative expenses		5,078	4,901
Amortization of intangible assets		14	16
Operating Profit		1,619	1,797
Interest expense		(246)	(211)
Interest income and other		14	15
Income before income taxes		1,387	1,601
Provision for income taxes		442	370
Net income		945	1,231
Less: Net income attributable to noncontrolling interests		14	10
Net Income (Loss) Attributable to Parent		$ 931	$ 1,221
Net Income Attributable to PepsiCo per Common Share
Basic		$ 0.64	$ 0.82
Diluted net income attributable to PepsiCo per common share (in dollars per share)		$ 0.64	$ 0.81
Weighted-average common shares outstanding
Basic	[1]	1,446	1,484
Diluted	[1]	1,459	1,503
Cash dividends declared per common share		$ 0.7025	$ 0.655
[1]	Weighted-average common shares outstanding (in millions).

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 945	$ 1,231
Other Comprehensive Loss
Currency translation adjustment, pre-tax amount	(220)	(981)
Currency translation adjustment, tax amounts	0	0
Currency translation adjustment, after-tax amounts	(220)	(981)
Cash flow hedges:
Reclassification of net losses to net income, pre-tax amounts	21	(179)
Reclassification of net losses to net income, tax amounts	5	(70)
Net losses after tax	16	(109)
Net derivative gains/(losses), pre-tax amounts	0	(155)
Net derivative gains/(losses), tax amounts	1	(64)
Net derivative gains/(losses), after-tax amounts	(1)	(91)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax [Abstract]
Reclassification of net losses to net income, pre-tax amounts	37	51
Reclassification of net losses to net income, tax amounts	12	17
Net losses after tax	25	34
Remeasurement of net liabilities and translation, pre-tax amounts	(15)	(31)
Remeasurement of net liabilities and translation, tax amounts	(48)	(7)
Remeasurement of net liabilities and translation, after-tax amounts	33	(24)
Unrealized (losses)/gains on securities, pre-tax amounts	(12)	16
Unrealized (losses)/gains on securities, tax amounts	(7)	8
Unrealized (losses)/gains on securities, after-tax amounts	(5)	8
Total Other Comprehensive Gain / (Loss), pre-tax amounts	(201)	(859)
Total Other Comprehensive Gain / (Loss), tax amounts	49	38
Total Other Comprehensive Gain / (Loss), after-tax amounts	(250)	(897)
Comprehensive Income	695	334
Comprehensive income attributable to noncontrolling interests	14	10
Comprehensive Income Attributable to PepsiCo	$ 681	$ 324

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Operating Activities
Net income	$ 945	$ 1,231
Depreciation and amortization	481	496
Share-based compensation expense	69	76
Restructuring and impairment charges	30	36
Cash payments for restructuring charges	(30)	(47)
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp.(Tingyi)	373	0
Excess tax benefits from share-based payment arrangements	(75)	(38)
Pension and retiree medical plan expenses	60	104
Pension and retiree medical plan contributions	(93)	(83)
Deferred income taxes and other tax charges and credits	19	(19)
Accounts and notes receivable	(349)	(435)
Inventories	(530)	(414)
Prepaid expenses and other current assets	(255)	(262)
Accounts payable and other current liabilities	(661)	(689)
Income taxes payable	318	294
Other, net	(171)	20
Net Cash Provided by Operating Activities	131	270
Investing Activities
Capital spending	(389)	(270)
Sales of property, plant and equipment	25	11
Acquisitions and investments in noncontrolled affiliates	0	(9)
Divestitures	55	68
More than three months - purchases	(2,556)	(647)
More than three months - maturities	1,446	1,164
Three months or less, net	7	3
Net Cash (Used for)/Provided by Investing Activities	(1,412)	320
Financing Activities
Proceeds from issuances of long-term debt	2,532	0
Payments of long-term debt	(1,251)	(2,052)
Short-term borrowings, by original maturity
More than three months - proceeds	0	10
More than three months - payments	(9)	(2)
Three months or less, net	480	3,729
Cash dividends paid	(1,038)	(978)
Share repurchases - common	(619)	(1,124)
Share repurchases - preferred	(2)	(1)
Proceeds from exercises of stock options	165	171
Excess tax benefits from share-based payment arrangements	75	38
Other financing	(2)	(1)
Net Cash Provided by/(Used for) Financing Activities	331	(210)
Effect of exchange rate changes on cash and cash equivalents	(22)	(104)
Net (Decrease)/Increase in Cash and Cash Equivalents	(972)	276
Cash and Cash Equivalents, Beginning of Year	9,096	6,134
Cash and Cash Equivalents, End of Period	$ 8,124	$ 6,410

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 19, 2016	Dec. 26, 2015
Current Assets
Cash and cash equivalents	$ 8,124	$ 9,096
Short-term investments	4,020	2,913
Accounts and notes receivable, less allowance: 3/16 - $136 and 12/15 - $130	6,707	6,437
Inventories
Raw materials	1,418	1,312
Work-in-process	277	161
Finished goods	1,524	1,247
Inventory, Net, Total	3,219	2,720
Prepaid expenses and other current assets	1,896	1,865
Total Current Assets	23,966	23,031
Property, Plant and Equipment	35,664	35,747
Accumulated Depreciation	(19,559)	(19,430)
Property, Plant and Equipment, Net, Total	16,105	16,317
Amortizable Intangible Assets, net	1,266	1,270
Goodwill	14,132	14,177
Other Nonamortizable Intangible Assets	11,783	11,811
Nonamortizable Intangible Assets	25,915	25,988
Investments in Noncontrolled Affiliates	1,935	2,311
Other Assets	832	750
Total Assets	70,019	69,667
Current Liabilities
Short-term obligations	4,018	4,071
Accounts payable and other current liabilities	12,824	13,507
Total Current Liabilities	16,842	17,578
Long-term Debt Obligations	31,068	29,213
Other Liabilities	5,811	5,887
Deferred Income Taxes	5,067	4,959
Total Liabilities	58,788	57,637
Preferred Stock, no par value	41	41
PepsiCo Common Shareholders' Equity
Capital in excess of par value	3,906	4,076
Retained earnings	50,383	50,472
Accumulated other comprehensive loss	(13,569)	(13,319)
Total PepsiCo Common Shareholders’ Equity	11,257	12,068
Common stock, par value 12/3¢ per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,446 and 1,448 shares, respectively)	24	24
Stockholders' Equity Attributable to Noncontrolling Interest	120	107
Total Equity	11,231	12,030
Total Liabilities and Equity	70,019	69,667
Preferred Stock
Current Liabilities
Preferred Stock, no par value	41
Repurchased Preferred Stock	(187)	(186)
PepsiCo Common Shareholders' Equity
Repurchased common stock, in excess of par value (420 and 418 shares, respectively)	187	186
Common Stock
Current Liabilities
Repurchased Preferred Stock	(29,487)	(29,185)
PepsiCo Common Shareholders' Equity
Total PepsiCo Common Shareholders’ Equity	(24)	(24)
Repurchased common stock, in excess of par value (420 and 418 shares, respectively)	$ 29,487	$ 29,185

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 19, 2016	Dec. 26, 2015
Accounts and notes receivable, allowance	$ 136	$ 130
Preferred Stock, no par value
Common stock, Par value	$ 0.0167	$ 0.0167
Common stock, Authorized	3,600	3,600
Common stock, Issued	1,446	1,448
Repurchased common stock, shares	420	418

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($) shares in Millions, $ in Millions	Total	Preferred Stock	Common Stock	Parent [Member]	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock [Member]	Noncontrolling Interests	Redeemable Preferred Stock [Member]Preferred Stock
Preferred Stock, Shares Issued										0.7
Noncontrolling Interest Items [Abstract]
Stockholders' Equity Attributable to Parent			$ 25		$ 4,115	$ 49,092	$ (10,669)	$ (24,985)		$ (181)
Stockholders' Equity Attributable to Noncontrolling Interest									$ 110
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							(897)
Shares issued, beginning of year at Dec. 27, 2014								(378)
Shares issued, end of period at Mar. 21, 2015								(387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions, shares										0
Redemptions										$ (1)
Balance, beginning of year, shares at Dec. 27, 2014			1,488
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares			(9)					(12)
Stock Repurchased During Period, Value								$ (1,166)
Stock option exercises, shares								3
Stock option exercises, RSUs, PSUs and PEPunits converted								$ 235
Adjustments Related to Tax Withholding for Share-based Compensation					(22)
Other (in shares)								0
Other								$ 3
Share-based compensation expense					76
Stock Options Exercises RSUs PSUS Pepunits Converted					(36)
Other					(4)
Net income attributable to PepsiCo	$ 1,221					1,221
Cash dividends declared - common						(978)
Noncontrolling Interest Items [Abstract]
Net income attributable to noncontrolling interests	10								10
Balance, end of year, shares at Mar. 21, 2015			1,479
Balance, end of period at Mar. 21, 2015	15,989
Noncontrolling Interest Items [Abstract]
Stock option exercises/RSUs converted, tax benefits	29
Preferred Stock, Shares Issued		0.8								0.7
Preferred Stock, Value, Issued		$ 41
Stockholders' Equity Attributable to Parent			$ 25	$ 16,010	4,129	49,335	(11,566)	(25,913)		$ (182)
Stockholders' Equity Attributable to Noncontrolling Interest									120
Preferred Stock, Shares Issued										0.7
Preferred Stock, Value, Issued	41
Stockholders' Equity Attributable to Parent	(12,068)		$ 24		4,076	50,472	(13,319)	$ (29,185)		$ (186)
Stockholders' Equity Attributable to Noncontrolling Interest	107								107
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							(250)
Shares issued, beginning of year at Dec. 26, 2015								(418)
Shares issued, end of period at Mar. 19, 2016								(420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions, shares										0
Redemptions										$ (1)
Balance, beginning of year, shares at Dec. 26, 2015			1,448
Balance, beginning of year at Dec. 26, 2015	12,030
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares			(2)					(7)
Stock Repurchased During Period, Value								$ (664)
Stock option exercises, shares								5
Stock option exercises, RSUs, PSUs and PEPunits converted								$ 360
Adjustments Related to Tax Withholding for Share-based Compensation					(99)
Other (in shares)								0
Other								$ 2	(1)
Share-based compensation expense					70
Stock Options Exercises RSUs PSUS Pepunits Converted					(139)
Other					(2)
Net income attributable to PepsiCo	931					931
Cash dividends declared - common						(1,020)
Noncontrolling Interest Items [Abstract]
Net income attributable to noncontrolling interests	14								14
Balance, end of year, shares at Mar. 19, 2016			1,446
Balance, end of period at Mar. 19, 2016	11,231
Noncontrolling Interest Items [Abstract]
Stock option exercises/RSUs converted, tax benefits	53
Preferred Stock, Shares Issued		0.8								0.7
Preferred Stock, Value, Issued	41	$ 41
Stockholders' Equity Attributable to Parent	(11,257)		$ 24	$ 11,257	$ 3,906	$ 50,383	$ (13,569)	$ (29,487)		$ (187)
Stockholders' Equity Attributable to Noncontrolling Interest	$ 120								$ 120

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 19, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation and Our Divisions Basis of Presentation When used in this report, the terms “we,” “us,” “our,” “PepsiCo” and the “Company” mean PepsiCo, Inc. and its consolidated subsidiaries, collectively. Our Condensed Consolidated Balance Sheet as of March 19, 2016 and Condensed Consolidated Statements of Income, Comprehensive Income, Cash Flows and Equity for the 12 weeks ended March 19, 2016 and March 21, 2015 have not been audited. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied in our Annual Report on Form 10-K for the fiscal year ended December 26, 2015 . This report should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 26, 2015 . In our opinion, these financial statements include all normal and recurring adjustments necessary for a fair presentation. The results for the 12 weeks ended March 19, 2016 are not necessarily indicative of the results expected for the full year. Effective as of the end of the third quarter of 2015, we did not meet the accounting criteria for control over our wholly-owned Venezuelan subsidiaries and we no longer had significant influence over our beverage joint venture with our franchise bottler in Venezuela, and therefore we deconsolidated our Venezuelan subsidiaries from our consolidated financial statements and began accounting for our investments in our wholly-owned Venezuelan subsidiaries and our joint venture using the cost method of accounting. See further unaudited information in “Our Business Risks” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. While our results in the United States and Canada (North America) are reported on a 12-week basis, the majority of our international operations report on a monthly calendar basis for which the months of January and February are reflected in our first quarter results. Our significant interim accounting policies include the recognition of a pro rata share of certain estimated annual sales incentives and certain advertising and marketing costs in proportion to revenue or volume, as applicable, and the recognition of income taxes using an estimated annual effective tax rate. Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw materials handling facilities, are included in cost of sales. The costs of moving, storing and delivering finished product are included in selling, general and administrative expenses. The following information is unaudited. Tabular dollars are in millions, except per share amounts. All per share amounts reflect common per share amounts, assume dilution unless otherwise noted, and are based on unrounded amounts. Reclassifications were made to the prior year’s amounts to conform to the current year presentation, including the presentation of certain functional support costs associated with the manufacturing and production of our products within cost of sales. These costs were previously included in selling, general and administrative expenses. These reclassifications resulted in an increase in cost of sales of $61 million in the quarter ended March 21, 2015, with a corresponding reduction to gross profit and selling, general and administrative expenses in the same period. These reclassifications reflect changes in how we are classifying costs of certain support functions as a result of ongoing productivity and efficiency initiatives. These reclassifications had no impact on our consolidated net revenue, operating profit, net interest expense, provision for income taxes, net income or earnings per share. Our Divisions We are organized into six reportable segments (also referred to as divisions), as follows: 1) Frito-Lay North America (FLNA); 2) Quaker Foods North America (QFNA); 3) North America Beverages (NAB), which includes all of our beverage businesses in North America; 4) Latin America, which includes all of our beverage, food and snack businesses in Latin America; 5) Europe Sub-Saharan Africa (ESSA), which includes all of our beverage, food and snack businesses in Europe and Sub-Saharan Africa; and 6) Asia, Middle East and North Africa (AMENA), which includes all of our beverage, food and snack businesses in Asia, Middle East and North Africa. Net revenue and operating profit/(loss) of each division are as follows: 12 Weeks Ended Net Revenue Operating Profit/(Loss) 3/19/2016 3/21/2015 3/19/2016 3/21/2015 FLNA $ 3,418 $ 3,319 $ 1,018 $ 920 QFNA (a) 617 639 166 99 NAB 4,361 4,298 485 453 Latin America (b) 1,042 1,414 175 219 ESSA 1,359 1,496 67 112 AMENA (c) 1,065 1,051 (148 ) 230 Total division 11,862 12,217 1,763 2,033 Corporate Unallocated Mark-to-market net gains/(losses) 46 (1 ) Restructuring and impairment charges (3 ) (6 ) Other (187 ) (229 ) $ 11,862 $ 12,217 $ 1,619 $ 1,797 (a) Operating profit for QFNA for the 12 weeks ended March 21, 2015 includes a pre-tax impairment charge of $65 million associated with our Müller Quaker Dairy (MQD) joint venture investment. (b) Effective at the end of the third quarter of 2015, we deconsolidated our Venezuelan subsidiaries and began accounting for our investments using the cost method of accounting. Beginning with the fourth quarter of 2015, our financial results have not included the results of our Venezuelan businesses. (c) Operating loss for AMENA for the 12 weeks ended March 19, 2016 includes a pre- and after-tax impairment charge of $373 million to reduce the value of our 5% indirect equity interest in Tingyi-Asahi Beverages Holding Co. Ltd. (TAB) to its estimated fair value. Operating profit for AMENA for the 12 weeks ended March 21, 2015 includes a pre-tax gain of $39 million associated with refranchising a portion of our bottling operations in India. Total assets of each division are as follows: Total Assets 3/19/2016 12/26/2015 FLNA $ 5,441 $ 5,375 QFNA 868 872 NAB 29,002 28,128 Latin America 4,237 4,284 ESSA 11,764 12,225 AMENA 5,526 5,901 Total division 56,838 56,785 Corporate (a) 13,181 12,882 $ 70,019 $ 69,667 (a) Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and pension and tax assets.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 19, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements - Not Yet Adopted In 2016, the Financial Accounting Standards Board (FASB) issued guidance that changes the accounting for certain aspects of share-based payments to employees. The guidance requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid in capital pools. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting. In addition, the guidance allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. The guidance is effective in 2017 with early adoption permitted. We are currently evaluating the impact of this guidance on our financial statements and the timing of adoption. In 2016, the FASB issued guidance that eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. The guidance requires that an equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The guidance is effective in 2017 with early adoption permitted. The guidance is not expected to have a material impact on our financial statements. We are evaluating the timing of adoption of this guidance. In 2016, the FASB issued guidance that primarily requires lessees to recognize most leases on their balance sheets but record expenses on their income statements in a manner similar to current accounting. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The guidance is effective in 2019 with early adoption permitted. We are currently evaluating the impact of this guidance on our financial statements and the timing of adoption. In 2016, the FASB issued guidance that generally requires companies to measure investments in other entities, except those accounted for under the equity method, at fair value and recognize any changes in fair value in net income. The guidance is effective in 2018 and early adoption is not permitted. We are currently evaluating the impact of this guidance on our financial statements. In 2015, the FASB issued guidance that requires companies to classify all deferred tax assets and liabilities as noncurrent on the balance sheet. The guidance is effective in 2017 with early adoption permitted. The guidance is not expected to have a material impact on our balance sheet. We are evaluating the timing of adoption of this guidance. In 2015, the FASB issued guidance that requires entities to measure inventory at the lower of cost or net realizable value. The guidance is effective in 2017 with early adoption permitted. The guidance is not expected to have a material impact on our financial statements. We are evaluating the timing of adoption of this guidance. In 2014, the FASB issued guidance on revenue recognition, which provides for a single five-step model to be applied to all revenue contracts with customers. The new guidance also requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. We have an option to use either a retrospective approach or a cumulative effect adjustment approach to implement the guidance. In 2015, the FASB issued a deferral of the effective date of the guidance to 2018, with early adoption permitted in 2017. In 2016, the FASB issued final amendments to clarify the implementation guidance for principal versus agent considerations, identifying performance obligations and the accounting for licenses of intellectual property. We are currently evaluating the impact of this guidance on our financial statements and the timing of adoption, and have not yet selected a transition approach.

Restructuring, Impairment and I

Restructuring, Impairment and Integration Charges	3 Months Ended
	Mar. 19, 2016
Restructuring and Related Activities [Abstract]
Restructuring, Impairment and Integration Charges	Restructuring and Impairment Charges A summary of our restructuring and impairment charges and other productivity initiatives is as follows: 12 Weeks Ended 3/19/2016 3/21/2015 2014 Productivity Plan $ 30 $ 30 2012 Productivity Plan — 6 Total restructuring and impairment charges 30 36 Other productivity initiatives 1 — Total restructuring and impairment charges and other productivity initiatives $ 31 $ 36 2014 Multi-Year Productivity Plan The multi-year productivity plan we publicly announced on February 13, 2014 (2014 Productivity Plan) includes the next generation of productivity initiatives that we believe will strengthen our food, snack and beverage businesses by: accelerating our investment in manufacturing automation; further optimizing our global manufacturing footprint, including closing certain manufacturing facilities; re-engineering our go-to-market systems in developed markets; expanding shared services; and implementing simplified organization structures to drive efficiency. The 2014 Productivity Plan is in addition to the productivity plan we began implementing in 2012 and is expected to continue the benefits of that plan. In the 12 weeks ended March 19, 2016 and March 21, 2015 , we incurred restructuring charges of $30 million ( $25 million after-tax or $ 0.02 per share) and $30 million ( $24 million after-tax or $0.02 per share), respectively, in conjunction with our 2014 Productivity Plan. All of these net charges were recorded in selling, general and administrative expenses and primarily relate to severance and other employee-related costs, asset impairments (all non-cash) and other costs associated with the implementation of our initiatives, including contract termination costs. The majority of the restructuring accrual at March 19, 2016 is expected to be paid by the end of 2016 . A summary of our 2014 Productivity Plan charges is as follows: 12 Weeks Ended 3/19/2016 3/21/2015 FLNA (a) $ (4 ) $ 6 QFNA — 1 NAB 7 7 Latin America — 1 ESSA 19 9 AMENA 5 2 Corporate 3 4 $ 30 $ 30 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. A summary of our 2014 Productivity Plan activity in 2016 is as follows: Severance and Other Employee Costs Asset Impairments Other Costs Total Liability as of December 26, 2015 $ 61 $ — $ 20 $ 81 2016 restructuring charges 8 11 11 30 Cash payments (9 ) — (13 ) (22 ) Non-cash charges and translation 2 (11 ) — (9 ) Liability as of March 19, 2016 $ 62 $ — $ 18 $ 80 2012 Multi-Year Productivity Plan The multi-year productivity plan we publicly announced on February 9, 2012 (2012 Productivity Plan) included actions in every aspect of our business that we believed would strengthen our complementary food, snack and beverage businesses by: leveraging new technologies and processes across PepsiCo’s operations, go-to-market and information systems; heightening the focus on best practice sharing across the globe; consolidating manufacturing, warehouse and sales facilities; and implementing simplified organization structures, with wider spans of control and fewer layers of management. The 2012 Productivity Plan has enhanced PepsiCo’s cost-competitiveness and provided a source of funding for future brand-building and innovation initiatives. In the 12 weeks ended March 21, 2015 , we incurred restructuring charges of $6 million ( $5 million after-tax with a nominal amount per share) in conjunction with our 2012 Productivity Plan, including $1 million in NAB, $3 million in ESSA and $2 million in Corporate. Cash payments in the 12 weeks ended March 19, 2016 were $8 million . All of these charges were recorded in selling, general and administrative expenses and primarily related to severance and other employee-related costs and contract termination costs. We do not expect any further charges associated with our 2012 Productivity Plan. Substantially all of the restructuring accrual of $28 million at March 19, 2016 is expected to be paid by the end of 2016 .

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 19, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets A summary of our amortizable intangible assets is as follows: 3/19/2016 12/26/2015 Amortizable intangible assets, net Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 833 $ (97 ) $ 736 $ 820 $ (92 ) $ 728 Reacquired franchise rights 106 (100 ) 6 105 (99 ) 6 Brands 1,296 (990 ) 306 1,298 (987 ) 311 Other identifiable intangibles 521 (303 ) 218 526 (301 ) 225 $ 2,756 $ (1,490 ) $ 1,266 $ 2,749 $ (1,479 ) $ 1,270 The change in the book value of nonamortizable intangible assets is as follows: Balance Translation Balance 12/26/2015 3/19/2016 FLNA Goodwill $ 267 $ 8 $ 275 Brands 22 2 24 289 10 299 QFNA Goodwill 175 — 175 NAB Goodwill 9,754 31 9,785 Reacquired franchise rights 7,042 51 7,093 Acquired franchise rights 1,507 10 1,517 Brands 108 — 108 18,411 92 18,503 Latin America Goodwill 521 (10 ) 511 Brands 137 (4 ) 133 658 (14 ) 644 ESSA Goodwill 3,042 (64 ) 2,978 Reacquired franchise rights 488 (8 ) 480 Acquired franchise rights 190 — 190 Brands 2,212 (76 ) 2,136 5,932 (148 ) 5,784 AMENA Goodwill 418 (10 ) 408 Brands 105 (3 ) 102 523 (13 ) 510 Total goodwill 14,177 (45 ) 14,132 Total reacquired franchise rights 7,530 43 7,573 Total acquired franchise rights 1,697 10 1,707 Total brands 2,584 (81 ) 2,503 $ 25,988 $ (73 ) $ 25,915

Income Taxes

Income Taxes	3 Months Ended
	Mar. 19, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes A rollforward of our reserves for all federal, state and foreign tax jurisdictions is as follows: 3/19/2016 12/26/2015 Balance, beginning of year $ 1,547 $ 1,587 Additions for tax positions related to the current year 40 248 Additions for tax positions from prior years 6 122 Reductions for tax positions from prior years (33 ) (261 ) Settlement payments (3 ) (78 ) Statutes of limitations expiration (14 ) (34 ) Translation and other (7 ) (37 ) Balance, end of period $ 1,536 $ 1,547

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 19, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Share-Based Compensation Beginning in 2016, certain executive officers and other senior executives were granted long-term cash awards for which final payout is based on PepsiCo’s Total Shareholder Return relative to a specific set of peer companies and achievement of a specified performance target over a three-year performance period. These qualify as liability awards under share-based compensation guidance and are valued through the end of the performance period on a mark-to-market basis using a Monte Carlo simulation model until actual performance is determined. The following table summarizes our total share-based compensation expense: 12 Weeks Ended 3/19/2016 3/21/2015 Share-based compensation expense - equity awards $ 69 $ 76 Share-based compensation expense - liability awards 2 — Restructuring and impairment charges 1 — Total $ 72 $ 76 The following table summarizes share-based awards granted under the terms of our 2007 Long-Term Incentive Plan: 12 Weeks Ended 3/19/2016 3/21/2015 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.5 $ 98.75 1.6 $ 99.25 Restricted stock units (RSUs) and Performance stock units (PSUs) 2.9 $ 98.74 2.6 $ 99.25 PepsiCo equity performance units (PEPunits) — $ — 0.3 $ 99.25 (a) In millions. All grant activity is disclosed at target. We granted long-term cash awards to certain executive officers and other senior executives with an aggregate target value of $16 million during the 12 weeks ended March 19, 2016. Our weighted-average Black-Scholes fair value assumptions are as follows: 12 Weeks Ended 3/19/2016 3/21/2015 Expected life 6 years 7 years Risk-free interest rate 1.5 % 1.8 % Expected volatility 12 % 15 % Expected dividend yield 2.7 % 2.7 %

Pension and Retiree Medical Ben

Pension and Retiree Medical Benefits	3 Months Ended
	Mar. 19, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Retiree Medical Benefits	Pension and Retiree Medical Benefits Effective as of the beginning of 2016, we prospectively changed the method we use to estimate the service and interest cost components of pension and retiree medical expense. The pre-tax reduction in net periodic benefit cost associated with this change in the first quarter of 2016 was $28 million ( $18 million after-tax or $0.01 per share). See Pension and Retiree Medical Plans in “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations for further unaudited information on this change in accounting estimate. The components of net periodic benefit cost for pension and retiree medical plans are as follows: 12 Weeks Ended Pension Retiree Medical 3/19/2016 3/21/2015 3/19/2016 3/21/2015 3/19/2016 3/21/2015 U.S. International Service cost $ 91 $ 101 $ 15 $ 19 $ 7 $ 8 Interest cost 111 126 18 22 9 12 Expected return on plan assets (192 ) (196 ) (31 ) (33 ) (5 ) (6 ) Amortization of prior service credit — (1 ) — — (9 ) (9 ) Amortization of net loss 38 47 8 14 — — 48 77 10 22 2 5 Special termination benefits — 4 — — — 1 Total expense $ 48 $ 81 $ 10 $ 22 $ 2 $ 6 We regularly evaluate different opportunities to reduce risk and volatility associated with our pension and retiree medical plans. During the first quarter of 2016, we made discretionary contributions of $7 million to our international pension plans.

Debt Obligations and Commitment

Debt Obligations and Commitments	3 Months Ended
	Mar. 19, 2016
Debt Obligations and Commitments [Abstract]
Debt Obligations and Commitments	Debt Obligations and Commitments In the first quarter of 2016, we issued the following senior notes: Interest Rate Maturity Date Amount Floating rate February 2019 $ 400 1.500 % February 2019 600 2.850 % February 2026 750 4.450 % April 2046 750 $ 2,500 (a) (a) Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums. The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper. In the 12 weeks ended March 19, 2016, $1.3 billion of senior notes matured and were paid. As of March 19, 2016 , we had $1.2 billion of commercial paper outstanding and $2.6 billion of non-cancelable purchase commitments. For further information on our long-term contractual commitments, see Note 9 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 26, 2015 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 19, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The reclassifications from Accumulated Other Comprehensive Loss to the Condensed Consolidated Statement of Income are summarized as follows: 12 Weeks Ended 3/19/2016 3/21/2015 Affected Line Item in the Condensed Consolidated Statement of Income (Gains)/Losses on cash flow hedges: Foreign exchange contracts $ (21 ) $ (22 ) Cost of sales Interest rate derivatives (3 ) 193 Interest expense Commodity contracts 1 5 Cost of sales Commodity contracts 2 3 Selling, general and administrative expenses Net (gains)/losses before tax (21 ) 179 Tax amounts 5 (70 ) Net (gains)/losses after tax $ (16 ) $ 109 Pension and retiree medical items: Amortization of prior service credit (a) $ (9 ) $ (10 ) Amortization of net losses (a) 46 61 Net losses before tax 37 51 Tax amounts (12 ) (17 ) Net losses after tax $ 25 $ 34 Total net losses reclassified for the period, net of tax $ 9 $ 143 (a) These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 19, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Derivatives We are exposed to market risks arising from adverse changes in: • commodity prices, affecting the cost of our raw materials and energy; • foreign exchange rates and currency restrictions; and • interest rates. In the normal course of business, we manage commodity price, foreign exchange and interest rate risks through a variety of strategies, including productivity initiatives, global purchasing programs and hedging. Ongoing productivity initiatives involve the identification and effective implementation of meaningful cost-saving opportunities or efficiencies, including the use of derivatives. Our global purchasing programs include fixed-price contracts and purchase orders and pricing agreements. Our hedging strategies include the use of derivatives. Certain derivatives are designated as either cash flow or fair value hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings. Cash flows from derivatives used to manage commodity price, foreign exchange or interest rate risks are classified as operating activities in the Condensed Consolidated Statement of Cash Flows. We classify both the earnings and cash flow impact from these derivatives consistent with the underlying hedged item. For cash flow hedges, the effective portion of changes in fair value is deferred in accumulated other comprehensive loss within common shareholders’ equity until the underlying hedged item is recognized in net income. For fair value hedges, changes in fair value are recognized immediately in earnings, consistent with the underlying hedged item. Hedging transactions are limited to an underlying exposure. As a result, any change in the value of our derivative instruments would be substantially offset by an opposite change in the value of the underlying hedged items. We do not use derivative instruments for trading or speculative purposes. We perform assessments of our counterparty credit risk regularly, including reviewing netting agreements, if any, and a review of credit ratings, credit default swap rates and potential nonperformance of the counterparty. Based on our most recent assessment of our counterparty credit risk, we consider this risk to be low. In addition, we enter into derivative contracts with a variety of financial institutions that we believe are creditworthy in order to reduce our concentration of credit risk. Commodity Prices We are subject to commodity price risk because our ability to recover increased costs through higher pricing may be limited in the competitive environment in which we operate. This risk is managed through the use of fixed-price contracts and purchase orders, pricing agreements and derivative instruments, which include swaps and futures. In addition, risk to our supply of certain raw materials is mitigated through purchases from multiple geographies and suppliers. We use derivatives, with terms of no more than three years, to economically hedge price fluctuations related to a portion of our anticipated commodity purchases, primarily for agricultural products, metals and energy. Ineffectiveness for those derivatives that qualify for hedge accounting treatment was not material for all periods presented. Derivatives used to hedge commodity price risk that do not qualify for hedge accounting treatment are marked to market each period with the resulting gains and losses recorded in corporate unallocated expenses as either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. These gains and losses are subsequently reflected in division results when the divisions recognize the cost of the underlying commodity in operating profit. Our open commodity derivative contracts had a notional value of $0.9 billion as of March 19, 2016 and $1.0 billion as of December 26, 2015 . Foreign Exchange We are exposed to foreign exchange risk from foreign currency purchases and foreign currency assets and liabilities created in the normal course of business. We manage this risk through sourcing purchases from local suppliers, negotiating contracts in local currencies with foreign suppliers and through the use of derivatives, primarily forward contracts with terms of no more than two years . Exchange rate gains or losses related to foreign currency transactions are recognized as transaction gains or losses in our income statement as incurred. Our foreign currency derivatives had a total notional value of $1.9 billion as of March 19, 2016 and $2.1 billion as of December 26, 2015 . Ineffectiveness for derivatives that qualify for hedge accounting treatment was not material for all periods presented. For foreign currency derivatives that do not qualify for hedge accounting treatment, all losses and gains were offset by changes in the underlying hedged items, resulting in no material net impact on earnings. Interest Rates We centrally manage our debt and investment portfolios considering investment opportunities and risks, tax consequences and overall financing strategies. We use various interest rate derivative instruments including, but not limited to, interest rate swaps, cross-currency interest rate swaps, Treasury locks and swap locks to manage our overall interest expense and foreign exchange risk. These instruments effectively change the interest rate and currency of specific debt issuances. Certain of our fixed rate indebtedness has been swapped to floating rates. The notional amount, interest payment and maturity date of the interest rate and cross-currency interest rate swaps match the principal, interest payment and maturity date of the related debt. Our Treasury locks and swap locks are entered into to protect against unfavorable interest rate changes relating to forecasted debt transactions. The notional values of the interest rate derivative instruments outstanding as of March 19, 2016 and December 26, 2015 were $11.9 billion and $12.5 billion , respectively. Ineffectiveness for derivatives that qualify for cash flow hedge accounting treatment was not material for all periods presented. As of March 19, 2016 , approximately 31% of total debt, after the impact of the related interest rate derivative instruments, was exposed to variable rates, compared to approximately 33% as of December 26, 2015 . Available-for-Sale Securities Investments in debt and marketable equity securities, other than investments accounted for under the equity method, are classified as available-for-sale. All highly liquid investments with original maturities of three months or less are classified as cash equivalents. Our investments in available-for-sale securities are reported at fair value. Unrealized gains and losses related to changes in the fair value of available-for-sale securities are recognized in accumulated other comprehensive loss within common shareholders’ equity. Unrealized gains and losses on our investments in debt securities as of March 19, 2016 and December 26, 2015 were not material. The pre-tax unrealized gains on our investments in marketable equity securities were $102 million and $115 million as of March 19, 2016 and December 26, 2015 , respectively. Changes in the fair value of available-for-sale securities impact net income only when such securities are sold or an other-than-temporary impairment is recognized. We regularly review our investment portfolio to determine if any security is other-than-temporarily impaired. In making this judgment, we evaluate, among other things, the duration and extent to which the fair value of a security is less than its cost; the financial condition of the issuer and any changes thereto; and our intent to sell, or whether we will more likely than not be required to sell, the security before recovery of its amortized cost basis. Our assessment of whether a security is other-than-temporarily impaired could change in the future due to new developments or changes in assumptions related to any particular security. We recorded no other-than-temporary impairment charges on our available-for-sale securities for the 12 weeks ended March 19, 2016 and March 21, 2015 . Tingyi-Asahi Beverages Holding Co. Ltd. During the first quarter of 2016, we concluded that the decline in estimated fair value of our 5% indirect equity interest in TAB was other than temporary based on significant negative economic trends in China and changes in our assumptions associated with TAB’s future financial performance arising from the recent disclosure by TAB’s parent company, Tingyi, regarding the operating results of its beverage business. As a result, we recorded a pre- and after-tax impairment charge of $ 373 million ($ 0.26 per share) for the 12 weeks ended March 19, 2016 in the AMENA segment to reduce the value of our 5% indirect equity interest in TAB to its estimated fair value. This charge was recorded in selling, general and administrative expenses in our Condensed Consolidated Statement of Income. The estimated fair value of the investment in TAB of $166 million as of March 19, 2016 was derived using both an income and market approach, and is considered a non-recurring Level 3 measurement within the fair value hierarchy. We will continue to monitor the impact of economic and other developments on the remaining value of our investment in TAB. See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Fair Value Measurements The fair values of our financial assets and liabilities as of March 19, 2016 and December 26, 2015 are categorized as follows: 3/19/2016 12/26/2015 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ 113 $ — $ 127 $ — Debt securities (c) 7,958 — 7,231 — $ 8,071 $ — $ 7,358 $ — Short-term investments (d) $ 185 $ — $ 193 $ — Prepaid forward contracts (e) $ 27 $ — $ 27 $ — Deferred compensation (f) $ — $ 467 $ — $ 474 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 185 $ — $ 129 $ 12 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 38 $ 14 $ 76 $ 6 Interest rate (g) — 295 — 311 Commodity (i) — 4 — 7 $ 38 $ 313 $ 76 $ 324 Derivatives not designated as hedging instruments: Foreign exchange (h) $ 3 $ 29 $ 8 $ 10 Interest rate (g) 45 55 44 56 Commodity (i) 24 105 12 141 $ 72 $ 189 $ 64 $ 207 Total derivatives at fair value ( j ) $ 295 $ 502 $ 269 $ 543 Total $ 8,578 $ 969 $ 7,847 $ 1,017 (a) Unless otherwise noted, financial assets are classified on our Condensed Consolidated Balance Sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our Condensed Consolidated Balance Sheet within accounts payable and other current liabilities and other liabilities. Unless specifically indicated, all financial assets and liabilities are categorized as Level 2 assets or liabilities. (b) Based on the price of common stock. Categorized as a Level 1 asset. These equity securities are classified as investments in noncontrolled affiliates. (c) Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of March 19, 2016 , $4.2 billion and $3.8 billion of debt securities were classified as cash equivalents and short-term investments, respectively. As of December 26, 2015, $4.5 billion and $2.7 billion of debt securities were classified as cash equivalents and short-term investments, respectively. All of our available-for-sale debt securities have maturities of one year or less. (d) Based on the price of index funds. Categorized as a Level 1 asset. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability. (e) Based primarily on the price of our common stock. (f) Based on the fair value of investments corresponding to employees’ investment elections. (g) Based on LIBOR forward rates. As of March 19, 2016 and December 26, 2015, amounts related to non-designated instruments are presented on a net basis on our Condensed Consolidated Balance Sheet. (h) Based on recently reported market transactions of spot and forward rates. (i) Based on recently reported market transactions, primarily swap arrangements. (j) Unless otherwise noted, derivative assets and liabilities are presented on a gross basis on our Condensed Consolidated Balance Sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the Condensed Consolidated Balance Sheet as of March 19, 2016 and December 26, 2015 were immaterial. Collateral received against any of our asset positions was immaterial. The carrying amounts of our cash and cash equivalents and short-term investments approximate fair value due to their short-term maturity. The fair value of our debt obligations as of March 19, 2016 and December 26, 2015 was $37 billion and $35 billion , respectively, based upon prices of similar instruments in the marketplace, which are considered Level 2 inputs. Pre-tax losses/(gains) on our derivative instruments are categorized as follows: 12 Weeks Ended Fair Value/Non- designated Hedges Cash Flow Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 3/19/2016 3/21/2015 3/19/2016 3/21/2015 3/19/2016 3/21/2015 Foreign exchange $ 33 $ (8 ) $ 16 $ (41 ) $ (21 ) $ (22 ) Interest rate (69 ) (23 ) (16 ) 194 (3 ) 193 Commodity 4 54 — 2 3 8 Total $ (32 ) $ 23 $ — $ 155 $ (21 ) $ 179 (a) Foreign exchange derivative gains/losses are primarily included in selling, general and administrative expenses. Interest rate derivative gains/losses are primarily from fair value hedges and are included in interest expense. These gains/losses are substantially offset by increases/decreases in the value of the underlying debt, which are also included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative gains/losses are primarily included in cost of sales. Interest rate derivative gains/losses are included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. Based on current market conditions, we expect to reclassify net gains of $3 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months.

Net Income Attributable to Peps

Net Income Attributable to PepsiCo per Common Share	3 Months Ended
	Mar. 19, 2016
Earnings Per Share [Abstract]
Net Income Attributable to PepsiCo per Common Share	Net Income Attributable to PepsiCo per Common Share The computations of basic and diluted net income attributable to PepsiCo per common share are as follows: 12 Weeks Ended 3/19/2016 3/21/2015 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 931 $ 1,221 Preferred shares: Redemption premium (1 ) (1 ) Net income available for PepsiCo common shareholders $ 930 1,446 $ 1,220 1,484 Basic net income attributable to PepsiCo per common share $ 0.64 $ 0.82 Net income available for PepsiCo common shareholders $ 930 1,446 $ 1,220 1,484 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other (b) — 12 — 18 Employee stock ownership plan (ESOP) convertible preferred stock 1 1 1 1 Diluted $ 931 1,459 $ 1,221 1,503 Diluted net income attributable to PepsiCo per common share $ 0.64 $ 0.81 (a) Weighted-average common shares outstanding (in millions). (b) For the 12 weeks ended March 19, 2016 and March 21, 2015, options to purchase 2.9 million shares and 1.6 million shares, respectively, were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $98.99 and $99.25 for the 12 weeks ended March 19, 2016 and March 21, 2015, respectively.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 19, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Segment Reporting Information, By Segment	Net revenue and operating profit/(loss) of each division are as follows: 12 Weeks Ended Net Revenue Operating Profit/(Loss) 3/19/2016 3/21/2015 3/19/2016 3/21/2015 FLNA $ 3,418 $ 3,319 $ 1,018 $ 920 QFNA (a) 617 639 166 99 NAB 4,361 4,298 485 453 Latin America (b) 1,042 1,414 175 219 ESSA 1,359 1,496 67 112 AMENA (c) 1,065 1,051 (148 ) 230 Total division 11,862 12,217 1,763 2,033 Corporate Unallocated Mark-to-market net gains/(losses) 46 (1 ) Restructuring and impairment charges (3 ) (6 ) Other (187 ) (229 ) $ 11,862 $ 12,217 $ 1,619 $ 1,797
Segment Reporting Information By Total Assets	Total assets of each division are as follows: Total Assets 3/19/2016 12/26/2015 FLNA $ 5,441 $ 5,375 QFNA 868 872 NAB 29,002 28,128 Latin America 4,237 4,284 ESSA 11,764 12,225 AMENA 5,526 5,901 Total division 56,838 56,785 Corporate (a) 13,181 12,882 $ 70,019 $ 69,667 (a) Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and pension and tax asse

Restructuring, Impairment and20

Restructuring, Impairment and Integration Charges Restructuring, Impairment and Integration Charges (Tables)	3 Months Ended
	Mar. 19, 2016
Restructuring Cost and Reserve [Line Items]
Summary Of Total Restructuring Activity [Table Text Block]	A summary of our restructuring and impairment charges and other productivity initiatives is as follows: 12 Weeks Ended 3/19/2016 3/21/2015 2014 Productivity Plan $ 30 $ 30 2012 Productivity Plan — 6 Total restructuring and impairment charges 30 36 Other productivity initiatives 1 — Total restructuring and impairment charges and other productivity initiatives $ 31 $ 36
2014 Schedule of Restructuring Related Costs [Table Text Block]	A summary of our 2014 Productivity Plan charges is as follows: 12 Weeks Ended 3/19/2016 3/21/2015 FLNA (a) $ (4 ) $ 6 QFNA — 1 NAB 7 7 Latin America — 1 ESSA 19 9 AMENA 5 2 Corporate 3 4 $ 30 $ 30
Summary Of 2014 Productivity Plan Activity [Table Text Block]	A summary of our 2014 Productivity Plan activity in 2016 is as follows: Severance and Other Employee Costs Asset Impairments Other Costs Total Liability as of December 26, 2015 $ 61 $ — $ 20 $ 81 2016 restructuring charges 8 11 11 30 Cash payments (9 ) — (13 ) (22 ) Non-cash charges and translation 2 (11 ) — (9 ) Liability as of March 19, 2016 $ 62 $ — $ 18 $ 80

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 19, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of our amortizable intangible assets is as follows: 3/19/2016 12/26/2015 Amortizable intangible assets, net Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 833 $ (97 ) $ 736 $ 820 $ (92 ) $ 728 Reacquired franchise rights 106 (100 ) 6 105 (99 ) 6 Brands 1,296 (990 ) 306 1,298 (987 ) 311 Other identifiable intangibles 521 (303 ) 218 526 (301 ) 225 $ 2,756 $ (1,490 ) $ 1,266 $ 2,749 $ (1,479 ) $ 1,270
Schedule Of Change In Book Value Of Nonamortizable Intangible Assets	The change in the book value of nonamortizable intangible assets is as follows: Balance Translation Balance 12/26/2015 3/19/2016 FLNA Goodwill $ 267 $ 8 $ 275 Brands 22 2 24 289 10 299 QFNA Goodwill 175 — 175 NAB Goodwill 9,754 31 9,785 Reacquired franchise rights 7,042 51 7,093 Acquired franchise rights 1,507 10 1,517 Brands 108 — 108 18,411 92 18,503 Latin America Goodwill 521 (10 ) 511 Brands 137 (4 ) 133 658 (14 ) 644 ESSA Goodwill 3,042 (64 ) 2,978 Reacquired franchise rights 488 (8 ) 480 Acquired franchise rights 190 — 190 Brands 2,212 (76 ) 2,136 5,932 (148 ) 5,784 AMENA Goodwill 418 (10 ) 408 Brands 105 (3 ) 102 523 (13 ) 510 Total goodwill 14,177 (45 ) 14,132 Total reacquired franchise rights 7,530 43 7,573 Total acquired franchise rights 1,697 10 1,707 Total brands 2,584 (81 ) 2,503 $ 25,988 $ (73 ) $ 25,915

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 19, 2016
Income Tax Disclosure [Abstract]
Reserves Rollforward	A rollforward of our reserves for all federal, state and foreign tax jurisdictions is as follows: 3/19/2016 12/26/2015 Balance, beginning of year $ 1,547 $ 1,587 Additions for tax positions related to the current year 40 248 Additions for tax positions from prior years 6 122 Reductions for tax positions from prior years (33 ) (261 ) Settlement payments (3 ) (78 ) Statutes of limitations expiration (14 ) (34 ) Translation and other (7 ) (37 ) Balance, end of period $ 1,536 $ 1,547

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 19, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following table summarizes our total share-based compensation expense: 12 Weeks Ended 3/19/2016 3/21/2015 Share-based compensation expense - equity awards $ 69 $ 76 Share-based compensation expense - liability awards 2 — Restructuring and impairment charges 1 — Total $ 72 $ 76
Schedule of Share-based Payment Award, 2007 Long-Term Incentive Plan	The following table summarizes share-based awards granted under the terms of our 2007 Long-Term Incentive Plan: 12 Weeks Ended 3/19/2016 3/21/2015 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.5 $ 98.75 1.6 $ 99.25 Restricted stock units (RSUs) and Performance stock units (PSUs) 2.9 $ 98.74 2.6 $ 99.25 PepsiCo equity performance units (PEPunits) — $ — 0.3 $ 99.25 (a) In millions. All grant activity is disclosed at target.
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions	Our weighted-average Black-Scholes fair value assumptions are as follows: 12 Weeks Ended 3/19/2016 3/21/2015 Expected life 6 years 7 years Risk-free interest rate 1.5 % 1.8 % Expected volatility 12 % 15 % Expected dividend yield 2.7 % 2.7 %

Pension and Retiree Medical B24

Pension and Retiree Medical Benefits (Tables)	3 Months Ended
	Mar. 19, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The components of net periodic benefit cost for pension and retiree medical plans are as follows: 12 Weeks Ended Pension Retiree Medical 3/19/2016 3/21/2015 3/19/2016 3/21/2015 3/19/2016 3/21/2015 U.S. International Service cost $ 91 $ 101 $ 15 $ 19 $ 7 $ 8 Interest cost 111 126 18 22 9 12 Expected return on plan assets (192 ) (196 ) (31 ) (33 ) (5 ) (6 ) Amortization of prior service credit — (1 ) — — (9 ) (9 ) Amortization of net loss 38 47 8 14 — — 48 77 10 22 2 5 Special termination benefits — 4 — — — 1 Total expense $ 48 $ 81 $ 10 $ 22 $ 2 $ 6

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 19, 2016
Equity [Abstract]
Reclassifications out of Accumulated Other Comprehensive Loss	The reclassifications from Accumulated Other Comprehensive Loss to the Condensed Consolidated Statement of Income are summarized as follows: 12 Weeks Ended 3/19/2016 3/21/2015 Affected Line Item in the Condensed Consolidated Statement of Income (Gains)/Losses on cash flow hedges: Foreign exchange contracts $ (21 ) $ (22 ) Cost of sales Interest rate derivatives (3 ) 193 Interest expense Commodity contracts 1 5 Cost of sales Commodity contracts 2 3 Selling, general and administrative expenses Net (gains)/losses before tax (21 ) 179 Tax amounts 5 (70 ) Net (gains)/losses after tax $ (16 ) $ 109 Pension and retiree medical items: Amortization of prior service credit (a) $ (9 ) $ (10 ) Amortization of net losses (a) 46 61 Net losses before tax 37 51 Tax amounts (12 ) (17 ) Net losses after tax $ 25 $ 34 Total net losses reclassified for the period, net of tax $ 9 $ 143 (a) These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 19, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values of Financial Assets and Liabilities	Fair Value Measurements The fair values of our financial assets and liabilities as of March 19, 2016 and December 26, 2015 are categorized as follows: 3/19/2016 12/26/2015 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ 113 $ — $ 127 $ — Debt securities (c) 7,958 — 7,231 — $ 8,071 $ — $ 7,358 $ — Short-term investments (d) $ 185 $ — $ 193 $ — Prepaid forward contracts (e) $ 27 $ — $ 27 $ — Deferred compensation (f) $ — $ 467 $ — $ 474 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 185 $ — $ 129 $ 12 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 38 $ 14 $ 76 $ 6 Interest rate (g) — 295 — 311 Commodity (i) — 4 — 7 $ 38 $ 313 $ 76 $ 324 Derivatives not designated as hedging instruments: Foreign exchange (h) $ 3 $ 29 $ 8 $ 10 Interest rate (g) 45 55 44 56 Commodity (i) 24 105 12 141 $ 72 $ 189 $ 64 $ 207 Total derivatives at fair value ( j ) $ 295 $ 502 $ 269 $ 543 Total $ 8,578 $ 969 $ 7,847 $ 1,017 (a) Unless otherwise noted, financial assets are classified on our Condensed Consolidated Balance Sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our Condensed Consolidated Balance Sheet within accounts payable and other current liabilities and other liabilities. Unless specifically indicated, all financial assets and liabilities are categorized as Level 2 assets or liabilities. (b) Based on the price of common stock. Categorized as a Level 1 asset. These equity securities are classified as investments in noncontrolled affiliates. (c) Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of March 19, 2016 , $4.2 billion and $3.8 billion of debt securities were classified as cash equivalents and short-term investments, respectively. As of December 26, 2015, $4.5 billion and $2.7 billion of debt securities were classified as cash equivalents and short-term investments, respectively. All of our available-for-sale debt securities have maturities of one year or less. (d) Based on the price of index funds. Categorized as a Level 1 asset. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability. (e) Based primarily on the price of our common stock. (f) Based on the fair value of investments corresponding to employees’ investment elections. (g) Based on LIBOR forward rates. As of March 19, 2016 and December 26, 2015, amounts related to non-designated instruments are presented on a net basis on our Condensed Consolidated Balance Sheet. (h) Based on recently reported market transactions of spot and forward rates. (i) Based on recently reported market transactions, primarily swap arrangements. (j) Unless otherwise noted, derivative assets and liabilities are presented on a gross basis on our Condensed Consolidated Balance Sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the Condensed Consolidated Balance Sheet as of March 19, 2016 and December 26, 2015 were immaterial. Collateral received against any of our asset positions was immaterial. The carrying amounts of our cash and cash equivalents and short-term investments approximate fair value due to their short-term maturity. The fair value of our debt obligations as of March 19, 2016 and December 26, 2015 was $37 billion and $35 billion , respectively, based upon prices of similar instruments in the marketplace, which are considered Level 2 inputs.
Effective Portion Of Pre-Tax (Gains)/Losses On Derivative Instruments	Pre-tax losses/(gains) on our derivative instruments are categorized as follows: 12 Weeks Ended Fair Value/Non- designated Hedges Cash Flow Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 3/19/2016 3/21/2015 3/19/2016 3/21/2015 3/19/2016 3/21/2015 Foreign exchange $ 33 $ (8 ) $ 16 $ (41 ) $ (21 ) $ (22 ) Interest rate (69 ) (23 ) (16 ) 194 (3 ) 193 Commodity 4 54 — 2 3 8 Total $ (32 ) $ 23 $ — $ 155 $ (21 ) $ 179 (a) Foreign exchange derivative gains/losses are primarily included in selling, general and administrative expenses. Interest rate derivative gains/losses are primarily from fair value hedges and are included in interest expense. These gains/losses are substantially offset by increases/decreases in the value of the underlying debt, which are also included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative gains/losses are primarily included in cost of sales. Interest rate derivative gains/losses are included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. Based on current market conditions, we expect to reclassify net gains of $3 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months.

Net Income Attributable to Pe27

Net Income Attributable to PepsiCo per Common Share (Tables)	3 Months Ended
	Mar. 19, 2016
Earnings Per Share [Abstract]
Basic And Diluted Net Income Attributable To PepsiCo Per Common Share	The computations of basic and diluted net income attributable to PepsiCo per common share are as follows: 12 Weeks Ended 3/19/2016 3/21/2015 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 931 $ 1,221 Preferred shares: Redemption premium (1 ) (1 ) Net income available for PepsiCo common shareholders $ 930 1,446 $ 1,220 1,484 Basic net income attributable to PepsiCo per common share $ 0.64 $ 0.82 Net income available for PepsiCo common shareholders $ 930 1,446 $ 1,220 1,484 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other (b) — 12 — 18 Employee stock ownership plan (ESOP) convertible preferred stock 1 1 1 1 Diluted $ 931 1,459 $ 1,221 1,503 Diluted net income attributable to PepsiCo per common share $ 0.64 $ 0.81 (a) Weighted-average common shares outstanding (in millions). (b) For the 12 weeks ended March 19, 2016 and March 21, 2015, options to purchase 2.9 million shares and 1.6 million shares, respectively, were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $98.99 and $99.25 for the 12 weeks ended March 19, 2016 and March 21, 2015, respectively.

Segment Reporting Information b

Segment Reporting Information by Net Revenue and Operating Profit (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Segment Reporting Information [Line Items]
Operating Profit	$ 1,619	$ 1,797
Net Revenue	11,862	12,217
Tingyi Charge	$ 373	0
indirect equity investment percentage	5.00%
FLNA
Segment Reporting Information [Line Items]
Operating Profit	$ 1,018	920
Net Revenue	3,418	3,319
QFNA
Segment Reporting Information [Line Items]
Operating Profit	166	99
Net Revenue	617	639
Asset Impairment Charges		65
North America Beverages [Member]
Segment Reporting Information [Line Items]
Operating Profit	485	453
Net Revenue	4,361	4,298
Latin America [Member]
Segment Reporting Information [Line Items]
Operating Profit	175	219
Net Revenue	1,042	1,414
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Operating Profit	67	112
Net Revenue	1,359	1,496
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Operating Profit	(148)	230
Net Revenue	1,065	1,051
Significant Acquisitions and Disposals, Gain/(Loss) on Sale of Disposal, Pretax		39
Tingyi Charge	373
Total Division
Segment Reporting Information [Line Items]
Operating Profit	1,763	2,033
Net Revenue	11,862	12,217
Corporate Unallocated Net Impact Of Mark To Market On Commodity Hedges
Segment Reporting Information [Line Items]
Operating Profit	46	(1)
Corporate Unallocated Restructuring And Impairment Charges
Segment Reporting Information [Line Items]
Operating Profit	(3)	(6)
Corporate Unallocated Other
Segment Reporting Information [Line Items]
Operating Profit	$ (187)	$ (229)

Segment Reporting Information29

Segment Reporting Information by Total Assets (Detail) - USD ($) $ in Millions		Mar. 19, 2016	Dec. 26, 2015
Segment Reporting Information [Line Items]
Assets		$ 70,019	$ 69,667
FLNA
Segment Reporting Information [Line Items]
Assets		5,441	5,375
QFNA
Segment Reporting Information [Line Items]
Assets		868	872
Latin America [Member]
Segment Reporting Information [Line Items]
Assets		4,237	4,284
North America Beverages [Member]
Segment Reporting Information [Line Items]
Assets		29,002	28,128
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Assets		11,764	12,225
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Assets		5,526	5,901
Total Division
Segment Reporting Information [Line Items]
Assets		56,838	56,785
Corporate
Segment Reporting Information [Line Items]
Assets	[1]	13,181	12,882
Assets, Total [Member]
Segment Reporting Information [Line Items]
Assets		$ 70,019	$ 69,667
[1]	Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and pension and tax assets.

Basis of Presentation and Our D

Basis of Presentation and Our Divisions Basis of Presentation (Details) $ in Millions	3 Months Ended
	Mar. 21, 2015USD ($)
Cost of Sales
Prior Period Reclassification Adjustment [Line Items]
Prior Period Reclassification Adjustment	$ 61
Gross Profit and Selling, General and Administrative Expenses
Prior Period Reclassification Adjustment [Line Items]
Prior Period Reclassification Adjustment	$ (61)

Restructuring, Impairment and31

Restructuring, Impairment and Integration Charges 2014 Productivity Plan Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 30	$ 36
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	30	30
FLNA | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	(4)	6
QFNA | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	1
North America Beverages [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	7	7
Latin America [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	1
Europe Sub-Saharan Africa | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	19	9
Asia Middle East and North Africa | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	5	2
Corporate Unallocated [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 3	$ 4

Restructuring, Impairment and32

Restructuring, Impairment and Integration Charges 2014 Productivity Plan Activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 30	$ 36
Cash payments for restructuring charges	(30)	(47)
Other Restructuring Costs	1	0
Total restructuring and impairment charges and other productivity initiatives	31	36
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start	81
Restructuring, Settlement and Impairment Provisions	30	30
Cash payments for restructuring charges	22
Restructuring Reserve, Settled without Cash	9
Restructuring Reserve - Period End	80
Restructuring Charges After Tax	$ 25	$ 24
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.02	$ 0.02
Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 0	$ 6
Cash payments for restructuring charges	(8)
Restructuring Reserve - Period End	28
Restructuring Charges After Tax		$ 5
Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start	61
Restructuring, Settlement and Impairment Provisions	8
Cash payments for restructuring charges	9
Restructuring Reserve, Settled without Cash	(2)
Restructuring Reserve - Period End	62
Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start	0
Restructuring, Settlement and Impairment Provisions	11
Cash payments for restructuring charges	0
Restructuring Reserve, Settled without Cash	11
Restructuring Reserve - Period End	0
Other Costs [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start	20
Restructuring, Settlement and Impairment Provisions	11
Cash payments for restructuring charges	13
Restructuring Reserve, Settled without Cash	0
Restructuring Reserve - Period End	$ 18

Restructuring, Impairment and33

Restructuring, Impairment and Integration Charges 2012 Productivity Plan Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 30	$ 36
Payments for Restructuring	30	47
2012 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	6
Payments for Restructuring	$ 8
2012 Productivity Plan | North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		1
2012 Productivity Plan | Europe Sub-Saharan Africa
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		3
2012 Productivity Plan | Corporate Unallocated Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		$ 2

Restructuring, Impairment and34

Restructuring, Impairment and Integration Charges 2012 Productivity Plan Activity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 30	$ 36
Cash payments for restructuring charges	(30)	(47)
2012 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	6
Restructuring Charges After Tax		$ 5
Cash payments for restructuring charges	(8)
Restructuring Reserve - Period End	$ 28

Restructuring, Impairment and35

Restructuring, Impairment and Integration Charges Other Productivity Initiatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring	$ 30	$ 47
Other Restructuring Costs	$ 1	$ 0

Restructuring, Impairment and36

Restructuring, Impairment and Integration Charges Summary of Restructuring and Impairment Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 30	$ 36
Other Restructuring Costs	1	0
Total restructuring and impairment charges and other productivity initiatives	31	36
2014 Productivity Plan [Member] [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	30	30
Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 0	$ 6

Intangible Assets Amortizable I

Intangible Assets Amortizable Intangible Assets, net (Detail) - USD ($) $ in Millions	Mar. 19, 2016	Dec. 26, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 2,756	$ 2,749
Finite-Lived Intangible Assets, Accumulated Amortization	(1,490)	(1,479)
Amortizable Intangible Assets, net	1,266	1,270
Other Identifiable Intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	521	526
Finite-Lived Intangible Assets, Accumulated Amortization	(303)	(301)
Amortizable Intangible Assets, net	218	225
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,296	1,298
Finite-Lived Intangible Assets, Accumulated Amortization	(990)	(987)
Amortizable Intangible Assets, net	306	311
Reacquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	106	105
Finite-Lived Intangible Assets, Accumulated Amortization	(100)	(99)
Amortizable Intangible Assets, net	6	6
Acquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	833	820
Finite-Lived Intangible Assets, Accumulated Amortization	(97)	(92)
Amortizable Intangible Assets, net	$ 736	$ 728

Change in Book Value of Nonamor

Change in Book Value of Nonamortizable Intangible Assets (Detail) $ in Millions	3 Months Ended
	Mar. 19, 2016USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	$ 25,988
Translation and Other	(73)
Balance, End	25,915
FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	289
Translation and Other	10
Balance, End	299
Latin America [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	658
Translation and Other	(14)
Balance, End	644
North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	18,411
Translation and Other	92
Balance, End	18,503
Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	5,932
Translation and Other	(148)
Balance, End	5,784
Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	523
Translation and Other	(13)
Balance, End	510
Goodwill
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	14,177
Translation and Other	(45)
Balance, End	14,132
Goodwill | FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	267
Translation and Other	8
Balance, End	275
Goodwill | QFNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	175
Translation and Other	0
Balance, End	175
Goodwill | Latin America [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	521
Translation and Other	(10)
Balance, End	511
Goodwill | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	9,754
Translation and Other	31
Balance, End	9,785
Goodwill | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	3,042
Translation and Other	(64)
Balance, End	2,978
Goodwill | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	418
Translation and Other	(10)
Balance, End	408
Brands
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	2,584
Translation and Other	(81)
Balance, End	2,503
Brands | FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	22
Translation and Other	2
Balance, End	24
Brands | Latin America [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	137
Translation and Other	(4)
Balance, End	133
Brands | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	108
Balance, End	108
Brands | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	2,212
Translation and Other	(76)
Balance, End	2,136
Brands | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	105
Translation and Other	(3)
Balance, End	102
Reacquired Franchise Rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,530
Translation and Other	43
Balance, End	7,573
Reacquired Franchise Rights | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,042
Translation and Other	51
Balance, End	7,093
Reacquired Franchise Rights | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	488
Translation and Other	(8)
Balance, End	480
Acquired franchise rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	1,697
Translation and Other	10
Balance, End	1,707
Acquired franchise rights | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	1,507
Translation and Other	10
Balance, End	1,517
Acquired franchise rights | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	190
Balance, End	$ 190

Rollforward of Reserves for Fed

Rollforward of Reserves for Federal State and Foreign Tax Jurisdictions (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 19, 2016	Dec. 26, 2015
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 1,547	$ 1,587
Additions for tax positions related to the current year	40	248
Additions for tax positions from prior years	6	122
Reductions for tax positions from prior years	(33)	(261)
Settlement payments	(3)	(78)
Statute of limitations expiration	(14)	(34)
Translation and other	(7)	(37)
Balance, end of period	$ 1,536	$ 1,547

Weighted Average Black Scholes

Weighted Average Black Scholes Fair Value Assumptions (Detail)	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Black Scholes valuation assumptions [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years	7 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.50%	1.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	12.00%	15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	2.70%	2.70%

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	$ 69	$ 76
Compensation cost for share-based liabilities	2	0
Restructuring, Settlement and Impairment Provisions	30	36
Recognized stock-based compensation expense	72	76
Share based liability awards granted, target	16
Share-based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 1	$ 0
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	1.5	1.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Price	$ 98.75	$ 99.25
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	2.9	2.6
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Price	$ 98.74	$ 99.25
PEP Equity Performance Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	0	0.3
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Price	$ 0	$ 99.25

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost for Pension and Retiree Medical Plans (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 7
U.S.
Defined Benefit Plan Disclosure [Line Items]
Service cost	91	$ 101
Interest cost	111	126
Expected return on plan assets	(192)	(196)
Amortization of prior service credit		(1)
Amortization of net loss	38	47
Gross total	48	77
Special termination benefits		4
Total expense	48	81
International
Defined Benefit Plan Disclosure [Line Items]
Service cost	15	19
Interest cost	18	22
Expected return on plan assets	(31)	(33)
Amortization of net loss	8	14
Gross total	10	22
Total expense	10	22
Retiree Medical
Defined Benefit Plan Disclosure [Line Items]
Service cost	7	8
Interest cost	9	12
Expected return on plan assets	(5)	(6)
Amortization of prior service credit	(9)	(9)
Gross total	2	5
Special termination benefits		1
Total expense	$ 2	$ 6

Pension and Retiree Medical B43

Pension and Retiree Medical Benefits Impact of Application of Full Yield Curve Approach $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 19, 2016USD ($)$ / shares
Defined Benefit Plan Disclosure [Line Items]
Change in Accounting Estimate	$ 28
Change in Accounting Estimate after Tax	$ 18
Change in Accounting Estimate per Share | $ / shares	$ 0.01

Debt Obligations and Commitme44

Debt Obligations and Commitments - Additional Information (Detail)	3 Months Ended
	Mar. 19, 2016USD ($)
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 2,500,000,000
Repayments of Debt	1,300,000,000
Commercial Paper	1,200,000,000
Unrecorded Unconditional Purchase Obligation	2,600,000,000
Notes Due 2019 [Member] | Variable Rate
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 400,000,000
Notes Due 2019 [Member] | One Point Five Zero Percent Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.50%
Debt Instrument, Face Amount	$ 600,000,000
Notes Due 2026 [Member] | Two Point Eight Five Zero Percent Notes Due 2026 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.85%
Debt Instrument, Face Amount	$ 750,000,000
Notes Due 2046 [Member] | Four Point Four Five Zero Percent Notes Due 2046 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.45%
Debt Instrument, Face Amount	$ 750,000,000

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 19, 2016	Mar. 21, 2015
Losses/(gains) on cash flow hedges:
Total before tax		$ (21)	$ 179
Tax amounts		5	(70)
Net (gains)/losses after tax		(16)	109
Amortization of pension and retiree medical items:
Amortization of prior service credit (a)		(9)	(10)
Net actuarial losses		46	61
Total before tax		37	51
Tax amounts		(12)	(17)
Net losses after tax		25	34
Total net losses reclassified for the period, net of tax		9	143
Cash Flow Hedges
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(21)	179
Cash Flow Hedges | Foreign exchange contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[1]	(21)	(22)
Cash Flow Hedges | Foreign exchange contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(21)	(22)
Cash Flow Hedges | Interest rate derivatives
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[1]	(3)	193
Cash Flow Hedges | Interest rate derivatives | Interest Expense
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(3)	193
Cash Flow Hedges | Commodity contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[1]	3	8
Cash Flow Hedges | Commodity contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		1	5
Cash Flow Hedges | Commodity contracts | Selling, General and Administrative Expenses
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		$ 2	$ 3
[1]	Foreign exchange derivative gains/losses are primarily included in cost of sales. Interest rate derivative gains/losses are included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 19, 2016	Mar. 21, 2015	Dec. 26, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Expected reclassification of net gains (losses) related to hedge from accumulated OCI into net income within the next 12 months	$ 3
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	102		$ 115
Debt Instrument, Fair Value Disclosure	37,000		35,000
Tingyi Charge	$ 373	$ 0
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Maturity Date	3 years
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Maturity Date	2 years
Derivative, Notional Amount	$ 1,900		2,100
Interest rate derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 11,900		$ 12,500
Percentage of total debt, net of related interest rate derivatives, exposed to variable interest rates	31.00%		33.00%
Designated as Hedging Instrument [Member] | Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 900		$ 1,000
Asia Middle East and North Africa
Derivative Instruments, Gain (Loss) [Line Items]
Tingyi Charge	$ 373
Tingyi Charge per share	$ 0.26

Fair Values of Financial Assets

Fair Values of Financial Assets and Liabilities (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 19, 2016	Mar. 21, 2015	Dec. 26, 2015
Derivatives, Fair Value [Line Items]
Short-term Investments		$ 4,020		$ 2,913
Prepaid forward contracts		27		27
Deferred compensation		467		474
Derivatives not designated as hedging instruments:
Total derivatives at fair value		295		269
Total Financial Assets at fair value		8,578		7,847
Derivatives not designated as hedging instruments:
Total derivatives at fair value		502		543
Total Financial Liabilities at fair Value		969		1,017
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax		32	$ (23)
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		0	(155)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		21	(179)
Derivatives Designated As Fair Value Hedging Instruments Assets
Derivatives designated as fair value hedging instruments:
Interest rate derivatives		185		129
Derivatives Designated As Hedging Instruments Assets
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts		38		76
Interest rate derivatives		0		0
Commodity contracts		0		0
Derivatives designated as hedging instruments, Assets, Total		38		76
Derivatives Not Designated As Hedging Instruments Assets
Derivatives not designated as hedging instruments:
Foreign exchange contracts		3		8
Interest rate derivatives		45		44
Commodity contracts		24		12
Derivatives not designated as hedging instruments, Assets, Total		72		64
Derivatives Designated As Fair Value Hedging Instruments Liabilities
Derivatives designated as fair value hedging instruments:
Interest rate derivatives		0		12
Derivatives Designated As Hedging Instruments Liabilities
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts		14		6
Interest rate derivatives		295		311
Commodity contracts		4		7
Derivatives designated as hedging instruments, Liabilities, Total		313		324
Derivatives Not Designated As Hedging Instruments Liabilities
Derivatives not designated as hedging instruments:
Foreign exchange contracts		29		10
Interest rate derivatives		55		56
Commodity contracts		105		141
Derivatives not designated as hedging instruments, Liabilities, Total		189		207
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	(33)	8
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(16)	41
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	21	22
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	69	23
Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		16	(194)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	3	(193)
Commodity contracts | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	(4)	(54)
Commodity contracts | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net			(2)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	(3)	$ (8)
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		7,958		7,231
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		113		127
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		0		0
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		8,071		7,358
Cash and Cash Equivalents [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		4,200		4,500
Short-term Investments [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		3,800		2,700
Liability [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments		185		193
Liability [Member]
Derivatives, Fair Value [Line Items]
Prepaid forward contracts		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Deferred compensation		$ 0		$ 0
[1]	Foreign exchange derivative gains/losses are primarily included in selling, general and administrative expenses. Interest rate derivative gains/losses are primarily from fair value hedges and are included in interest expense. These gains/losses are substantially offset by increases/decreases in the value of the underlying debt, which are also included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[2]	Foreign exchange derivative gains/losses are primarily included in cost of sales. Interest rate derivative gains/losses are included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Effective Portion of Pre Tax Ga

Effective Portion of Pre Tax Gains and Losses on Derivative Instruments (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 19, 2016	Mar. 21, 2015
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months		$ (3)
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)		(32)	$ 23
Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		0	155
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)		(21)	179
Commodity Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]	4	54
Commodity Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss			2
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	$ 3	$ 8
[1]	Foreign exchange derivative gains/losses are primarily included in selling, general and administrative expenses. Interest rate derivative gains/losses are primarily from fair value hedges and are included in interest expense. These gains/losses are substantially offset by increases/decreases in the value of the underlying debt, which are also included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[2]	Foreign exchange derivative gains/losses are primarily included in cost of sales. Interest rate derivative gains/losses are included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Financial Instruments Tingyi (D

Financial Instruments Tingyi (Details) $ in Millions	3 Months Ended
	Mar. 19, 2016USD ($)
Equity Method Investments and Joint Ventures [Abstract]
indirect equity investment percentage	5.00%
indirect equity investment [Table Text Block]	$ 166

Basic and Diluted Net Income At

Basic and Diluted Net Income Attributable to PepsiCo (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 19, 2016	Mar. 21, 2015
Earnings Per Share [Abstract]
Net income attributable to PepsiCo		$ 931	$ 1,221
Preferred Stock [Abstract]
Redemption premium		(1)	(1)
Net income available for PepsiCo common shareholders - Value		$ 930	$ 1,220
Net income available for PepsiCo common shareholders - Shares	[1]	1,446	1,484
Basic net income attributable to PepsiCo per common share (in dollars per share)		$ 0.64	$ 0.82
Dilutive Securities [Abstract]
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities		$ 0	$ 0
Stock options and RSUs - Shares	[1],[2]	12	18
ESOP convertible preferred stock - Value		$ 1	$ 1
ESOP convertible preferred stock - Shares	[1]	1	1
Diluted shares - Value		$ 931	$ 1,221
Diluted shares - Shares	[1]	1,459	1,503
Diluted net income attributable to PepsiCo per common share (in dollars per share)		$ 0.64	$ 0.81
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		2.9	1.6
Out-of-the-money options average exercise price		$ 98.99	$ 99.25
[1]	Weighted-average common shares outstanding (in millions).
[2]	For the 12 weeks ended March 19, 2016 and March 21, 2015, options to purchase 2.9 million shares and 1.6 million shares, respectively, were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $98.99 and $99.25 for the 12 weeks ended March 19, 2016 and March 21, 2015, respectively.