PepsiCo (PEP) 10-Q 29 Sep 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	8 Months Ended
	Sep. 03, 2016	Sep. 22, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 3, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		1,434,183,120

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended				8 Months Ended
	Sep. 03, 2016		Sep. 05, 2015		Sep. 03, 2016	Sep. 05, 2015
Net Revenue	$ 16,027		$ 16,331		$ 43,284	$ 44,471
Cost of sales	7,284		7,490		19,265	20,244
Gross Profit	8,743		8,841		24,019	24,227
Selling, general and administrative expenses	5,904		6,048		16,566	16,702
Venezuela impairment charges	0		1,359		0	1,359
Amortization of intangible assets	18		18		49	53
Operating Profit	2,821		1,416		7,404	6,113
Interest expense	(247)		(225)		(748)	(653)
Interest income and other	30		2		66	31
Income before income taxes	2,604		1,193		6,722	5,491
Provision for income taxes	600		650		1,760	1,723
Net income	2,004		543		4,962	3,768
Less: Net income attributable to noncontrolling interests	12		10		34	34
Net Income (Loss) Attributable to Parent	$ 1,992		$ 533		$ 4,928	$ 3,734
Net Income Attributable to PepsiCo per Common Share
Basic	$ 1.38		$ 0.36		$ 3.41	$ 2.53
Diluted net income attributable to PepsiCo per common share (in dollars per share)	$ 1.37		$ 0.36		$ 3.39	$ 2.50
Weighted-average common shares outstanding
Basic	1,438	[1]	1,467	[1]	1,443	1,475
Diluted	1,452	[1]	1,483	[1]	1,456	1,492
Cash dividends declared per common share	$ 0.7525		$ 0.7025		$ 2.2075	$ 2.06
[1]	Weighted-average common shares outstanding (in millions).

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 2,004	$ 543	$ 4,962	$ 3,768
Other Comprehensive Loss
Currency translation adjustment, pre-tax amount	(116)	(1,600)	419	(2,107)
Currency translation adjustment, tax amounts	3	0	8	0
Currency translation adjustment, after-tax amounts	(113)	(1,600)	427	(2,107)
Reclassification associated with Venezuela impairment charges	0	111	0	111
Reclassification associated with Venezuela impairment charges, tax amount		0		0
Reclassification associated with Venezuela impairment charges, after-tax		111		111
Cash flow hedges:
Reclassification of net losses to net income, pre-tax amounts	71	6	42	88
Reclassification of net losses to net income, tax amounts	(28)	(3)	(21)	(40)
Net losses after tax	43	3	21	48
Net derivative gains/(losses), pre-tax amounts	(14)	13	(46)	(94)
Net derivative gains/(losses), tax amounts	14	(1)	21	43
Net derivative gains/(losses), after-tax amounts	0	12	(25)	(51)
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	45	58	128	167
Reclassification of net losses to net income, tax amounts	(15)	(18)	(41)	(53)
Net losses after tax	30	40	87	114
Reclassification associated with Venezuela impairment charges - Pension	0	20	0	20
reclassification associated with Venezuela impairment charge, tax amount - Pension	0	(4)	0	(4)
reclassification associated with venezuela impairment charges, net of tax - pension	0	16	0	16
Remeasurement of net liabilities and translation, pre-tax amounts	48	16	52	31
Remeasurement of net liabilities and translation, tax amounts	(16)	(5)	(60)	(7)
Remeasurement of net liabilities and translation, after-tax amounts	32	11	(8)	24
Unrealized (losses)/gains on securities, pre-tax amounts	(16)	(11)	(25)	(2)
Unrealized (losses)/gains on securities, tax amounts	8	5	13	1
Unrealized (losses)/gains on securities, after-tax amounts	(8)	(6)	(12)	(1)
Total Other Comprehensive Gain / (Loss), pre-tax amounts	18	(1,387)	570	(1,786)
Total Other Comprehensive Gain / (Loss), tax amounts	(34)	(26)	(80)	(60)
Total Other Comprehensive Gain / (Loss), after-tax amounts	(16)	(1,413)	490	(1,846)
Comprehensive Income	1,988	(870)	5,452	1,922
Comprehensive income attributable to noncontrolling interests	(12)	(10)	(34)	(33)
Comprehensive Income Attributable to PepsiCo	$ 1,976	$ (880)	$ 5,418	$ 1,889

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015
Operating Activities
Net income	$ 4,962	$ 3,768
Depreciation and amortization	1,611	1,644
Share-based compensation expense	190	208
Restructuring and impairment charges	106	113
Cash payments for restructuring charges	(90)	(149)
Charges related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)	373	73
Venezuela impairment charges	0	1,359
Excess tax benefits from share-based payment arrangements	(115)	(85)
Pension and retiree medical plan expenses	191	326
Pension and retiree medical plan contributions	(182)	(165)
Deferred income taxes and other tax charges and credits	285	186
Accounts and notes receivable	(1,301)	(1,553)
Inventories	(381)	(574)
Prepaid expenses and other current assets	(141)	(157)
Accounts payable and other current liabilities	523	1,014
Income taxes payable	813	1,002
Other, net	(249)	(235)
Net Cash Provided by Operating Activities	6,595	6,775
Investing Activities
Capital spending	(1,566)	(1,463)
Sales of property, plant and equipment	59	63
Acquisitions and investments in noncontrolled affiliates	(16)	(24)
Reduction of cash due to Venezuela deconsolidation	0	(568)
Divestitures	76	75
More than three months - purchases	(7,084)	(2,391)
More than three months - maturities	5,479	3,005
Three months or less, net	12	0
Other investing, net	9	(3)
Net Cash Used for Investing Activities	(3,031)	(1,306)
Financing Activities
Proceeds from issuances of long-term debt	3,355	5,719
Payments of long-term debt	(3,085)	(4,066)
Short-term borrowings, by original maturity
More than three months - proceeds	57	13
More than three months - payments	(12)	(31)
Three months or less, net	2,024	1,431
Cash dividends paid	(3,144)	(3,008)
Share repurchases - common	(2,079)	(3,199)
Share repurchases - preferred	(3)	(3)
Proceeds from exercises of stock options	415	327
Excess tax benefits from share-based payment arrangements	115	85
Other financing	(29)	(26)
Net Cash Provided by/(Used for) Financing Activities	(2,386)	(2,758)
Effect of exchange rate changes on cash and cash equivalents	(18)	(147)
Net (Decrease)/Increase in Cash and Cash Equivalents	1,160	2,564
Cash and Cash Equivalents, Beginning of Year	9,096	6,134
Cash and Cash Equivalents, End of Period	$ 10,256	$ 8,698

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 03, 2016	Dec. 26, 2015
Current Assets
Cash and cash equivalents	$ 10,256	$ 9,096
Short-term investments	4,524	2,913
Accounts and notes receivable, less allowance: 9/16 - $157 and 12/15 - $130	7,745	6,437
Inventories
Raw materials	1,438	1,312
Work-in-process	228	161
Finished goods	1,454	1,247
Inventory, Net, Total	3,120	2,720
Prepaid expenses and other current assets	1,454	1,865
Total Current Assets	27,099	23,031
Property, Plant and Equipment	36,603	35,747
Accumulated Depreciation	(20,298)	(19,430)
Property, Plant and Equipment, Net, Total	16,305	16,317
Amortizable Intangible Assets, net	1,257	1,270
Goodwill	14,394	14,177
Other Nonamortizable Intangible Assets	12,024	11,811
Nonamortizable Intangible Assets	26,418	25,988
Investments in Noncontrolled Affiliates	1,975	2,311
Other Assets	843	750
Total Assets	73,897	69,667
Current Liabilities
Short-term obligations	6,284	4,071
Accounts payable and other current liabilities	14,305	13,507
Total Current Liabilities	20,589	17,578
Long-term Debt Obligations	29,322	29,213
Other Liabilities	6,088	5,887
Deferred Income Taxes	5,180	4,959
Total Liabilities	61,179	57,637
Preferred Stock, no par value	41	41
PepsiCo Common Shareholders' Equity
Capital in excess of par value	4,001	4,076
Retained earnings	52,200	50,472
Accumulated other comprehensive loss	(12,829)	(13,319)
Total PepsiCo Common Shareholders’ Equity	12,750	12,068
Common stock, par value 12/3¢ per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,436 and 1,448 shares, respectively)	24	24
Stockholders' Equity Attributable to Noncontrolling Interest	116	107
Total Equity	12,718	12,030
Total Liabilities and Equity	73,897	69,667
Preferred Stock
Current Liabilities
Preferred Stock, no par value	41
Treasury Stock [Member]
PepsiCo Common Shareholders' Equity
Total PepsiCo Common Shareholders’ Equity	30,646	29,185
Redeemable Preferred Stock [Member] | Preferred Stock
PepsiCo Common Shareholders' Equity
Total PepsiCo Common Shareholders’ Equity	$ 189	$ 186

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 03, 2016	Dec. 26, 2015
Accounts and notes receivable, allowance	$ 157	$ 130
Preferred Stock, no par value
Common stock, Par value	$ 0.0167	$ 0.0167
Common stock, Authorized	3,600	3,600
Common stock, Issued	1,436	1,448
Repurchased common stock, shares	430	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							(1,845)
Shares issued, beginning of year at Dec. 27, 2014								(378)
Shares issued, end of period at Sep. 05, 2015								(404)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions, shares										0
Redemptions										$ (3)
Balance, beginning of year, shares at Dec. 27, 2014			1,488
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares			(26)					(34)
Treasury Stock, Value, Acquired, Cost Method			$ 1
Stock Repurchased During Period, Value								$ (3,273)
Stock option exercises, shares								8
Stock option exercises, RSUs, PSUs and PEPunits converted								$ 560
Adjustments Related to Tax Withholding for Share-based Compensation					(125)
Other (in shares)								0
Other								$ 4	(2)
Share-based compensation expense					210
Stock Options Exercises RSUs PSUS Pepunits Converted					(175)
Other					(4)
Net income attributable to PepsiCo	$ 3,734					3,734
Cash dividends declared - common						(3,058)
Dividends, Preferred Stock, Cash	(1)
Noncontrolling Interest Items [Abstract]
Net income attributable to noncontrolling interests	34								34
Minority Interest Increase Decrease From Contributions From Or Distributions To Noncontrolling Interest Members									(23)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax									(1)
Balance, end of year, shares at Sep. 05, 2015			1,462
Balance, end of period at Sep. 05, 2015	13,579
Noncontrolling Interest Items [Abstract]
Stock option exercises/RSUs converted, tax benefits	59
Preferred Stock, Shares Issued		0.8								0.7
Preferred Stock, Value, Issued		$ 41
Stockholders' Equity Attributable to Parent			$ 24	$ 13,604	4,021	49,767	(12,514)	(27,694)		$ (184)
Stockholders' Equity Attributable to Noncontrolling Interest									118
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							490
Shares issued, beginning of year at Dec. 26, 2015								(418)
Shares issued, end of period at Sep. 03, 2016								(430)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions, shares										0
Redemptions										$ (3)
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			(12)					(21)
Stock Repurchased During Period, Value								$ (2,112)
Stock option exercises, shares								9
Stock option exercises, RSUs, PSUs and PEPunits converted								$ 646
Adjustments Related to Tax Withholding for Share-based Compensation					(114)
Other (in shares)								0
Other								$ 5
Share-based compensation expense					193
Stock Options Exercises RSUs PSUS Pepunits Converted					(148)
Other					(6)
Net income attributable to PepsiCo	4,928					4,928
Cash dividends declared - common						(3,200)
Dividends, Preferred Stock, Cash	0
Noncontrolling Interest Items [Abstract]
Net income attributable to noncontrolling interests	34								34
Minority Interest Increase Decrease From Contributions From Or Distributions To Noncontrolling Interest Members									(25)
Balance, end of year, shares at Sep. 03, 2016			1,436
Balance, end of period at Sep. 03, 2016	12,718
Noncontrolling Interest Items [Abstract]
Stock option exercises/RSUs converted, tax benefits	86
Preferred Stock, Shares Issued		0.8								0.7
Preferred Stock, Value, Issued	41	$ 41
Stockholders' Equity Attributable to Parent	(12,750)		$ 24	$ 12,750	$ 4,001	$ 52,200	$ (12,829)	$ (30,646)		$ (189)
Stockholders' Equity Attributable to Noncontrolling Interest	$ 116								$ 116

Basis of Presentation

Basis of Presentation	8 Months Ended
	Sep. 03, 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 September 3, 2016 and Condensed Consolidated Statements of Income and Comprehensive Income for the 12 and 36 weeks ended September 3, 2016 and September 5, 2015 , and the Condensed Consolidated Statements of Cash Flows and Equity for the 36 weeks ended September 3, 2016 and September 5, 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 and 36 weeks ended September 3, 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 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 financial results in the United States and Canada (North America) are reported on a 12-week basis, most of our international operations report on a monthly calendar basis for which the months of June, July and August are reflected in our third 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. In the 12 and 36 weeks ended September 5, 2015 , these reclassifications resulted in an increase in cost of sales of $95 million and $240 million , respectively, with a corresponding reduction to gross profit and selling, general and administrative expenses in the same periods. 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 36 Weeks Ended Net Revenue 9/3/2016 9/5/2015 9/3/2016 9/5/2015 FLNA $ 3,676 $ 3,555 $ 10,658 $ 10,326 QFNA 571 583 1,749 1,768 NAB 5,518 5,360 15,024 14,771 Latin America (a) 1,762 2,283 4,521 5,921 ESSA 2,864 2,918 6,883 7,227 AMENA 1,636 1,632 4,449 4,458 Total division $ 16,027 $ 16,331 $ 43,284 $ 44,471 12 Weeks Ended 36 Weeks Ended Operating Profit/(Loss) 9/3/2016 9/5/2015 9/3/2016 9/5/2015 FLNA $ 1,148 $ 1,085 $ 3,249 $ 3,012 QFNA (b) 144 150 456 381 NAB (c) 904 860 2,270 2,146 Latin America (a) 247 (994 ) 664 (420 ) ESSA 388 398 792 860 AMENA (d) 264 199 499 802 Total division 3,095 1,698 7,930 6,781 Corporate Unallocated Mark-to-market net (losses)/gains (39 ) (28 ) 107 10 Other (235 ) (254 ) (633 ) (678 ) $ 2,821 $ 1,416 $ 7,404 $ 6,113 (a) 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, Latin America’s financial results have not included the results of our Venezuelan businesses. Additionally, operating loss for the 12 and 36 weeks ended September 5, 2015 included charges of $1.4 billion related to our change in accounting for our investments in our wholly-owned Venezuelan subsidiaries and beverage joint venture. (b) Operating profit for QFNA for the 36 weeks ended September 5, 2015 included an impairment charge of $65 million associated with our Müller Quaker Dairy (MQD) joint venture investment. (c) Operating profit for NAB for the 12 and 36 weeks ended September 5, 2015 included a gain of $37 million associated with the settlement of a pension-related liability from a previous acquisition. (d) Operating profit for AMENA for the 36 weeks ended September 3, 2016 includes an 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 the 12 and 36 weeks ended September 5, 2015 included a charge of $73 million related to a write-off of the recorded value of a call option to increase our holding in TAB and an impairment charge of $29 million associated with a joint venture in the Middle East. In addition, operating profit for the 36 weeks ended September 5, 2015 included a 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 9/3/2016 12/26/2015 FLNA $ 5,648 $ 5,375 QFNA 864 872 NAB 28,996 28,128 Latin America 4,684 4,284 ESSA 13,086 12,225 AMENA 5,752 5,901 Total division 59,030 56,785 Corporate (a) 14,867 12,882 $ 73,897 $ 69,667 (a) Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment, pension and tax assets.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	8 Months Ended
	Sep. 03, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Note 2 - Recent Accounting Pronouncements - Not Yet Adopted In 2016, the Financial Accounting Standards Board (FASB) issued guidance to clarify how certain cash receipts and payments should be presented in the statement of cash flows. The guidance is effective in 2018 with early adoption permitted. The guidance is not expected to have a material impact on our financial statements. We are currently evaluating the timing of adoption of this guidance. In 2016, the FASB issued guidance that changes the impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities will be required to use a new forward-looking expected loss model that will replace today’s incurred loss model and generally will result in the earlier recognition of allowances for losses. For available-for-sale debt securities with unrealized losses, entities will measure credit losses in a manner similar to current practice, except that the losses will be recognized as an allowance. The guidance is effective in 2020 with early adoption permitted in 2019. 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 changes the accounting for certain aspects of share-based payments to employees. The guidance requires the recognition in the income statement of the income tax effects of vested or settled awards. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes and not classify the award as a liability that requires valuation on a mark-to-market basis. 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 ability to exercise significant influence is achieved. The guidance is effective in 2017 with early adoption permitted. We are currently evaluating the timing of adoption of this guidance. In 2016, the FASB issued guidance that 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 requires companies to measure investments in certain equity securities 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 currently evaluating the timing of adoption of this guidance. In 2015, the FASB issued guidance that changes the subsequent measurement for certain inventory methods from the lower of cost or market to the lower of cost and 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 currently evaluating the timing of adoption of this guidance. In 2014, the FASB issued guidance on revenue recognition, with final amendments issued in 2016. The revenue recognition guidance provides for a single five-step model to be applied to all revenue contracts with customers and provides clarification for principal versus agent considerations, identifying performance obligations and the accounting of intellectual property licenses. In addition, the FASB introduced practical expedients related to disclosures of remaining performance obligations, as well as other amendments to guidance on collectibility, non-cash consideration and the presentation of sales and other similar taxes. The 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. The guidance provides an implementation option to use either a retrospective approach or a cumulative effect adjustment approach. The guidance is effective in 2018, with early adoption permitted. We are currently evaluating the impact of this guidance on our financial statements and the timing of adoption, and have not yet selected an implementation approach.

Restructuring, Impairment and I

Restructuring, Impairment and Integration Charges	8 Months Ended
	Sep. 03, 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 36 Weeks Ended 9/3/2016 9/5/2015 9/3/2016 9/5/2015 2014 Productivity Plan $ 27 $ 43 $ 106 $ 94 2012 Productivity Plan — 9 — 19 Total restructuring and impairment charges 27 52 106 113 Other productivity initiatives (a) — 44 (2 ) 54 Total restructuring and impairment charges and other productivity initiatives $ 27 $ 96 $ 104 $ 167 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. 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 September 3, 2016 and September 5, 2015 , we incurred restructuring charges of $27 million ( $20 million after-tax or $0.01 per share) and $43 million ( $33 million after-tax or $0.02 per share), respectively. In the 36 weeks ended September 3, 2016 and September 5, 2015 , we incurred restructuring charges of $106 million ( $76 million after-tax or $0.05 per share) and $94 million ( $73 million after-tax or $0.05 per share), respectively. All of these 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. Substantially all of the restructuring accrual at September 3, 2016 is expected to be paid by the end of 2017. A summary of our 2014 Productivity Plan charges by segment is as follows: 12 Weeks Ended 36 Weeks Ended 9/3/2016 9/5/2015 9/3/2016 9/5/2015 FLNA $ 2 $ 12 $ 1 $ 20 QFNA — 1 1 2 NAB 6 4 19 18 Latin America — 5 28 11 ESSA 11 15 38 28 AMENA 4 3 11 7 Corporate 4 3 8 8 $ 27 $ 43 $ 106 $ 94 A summary of our 2014 Productivity Plan activity for the 36 weeks ended September 3, 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 59 21 26 106 Cash payments (29 ) — (35 ) (64 ) Non-cash charges and translation (5 ) (21 ) 1 (25 ) Liability as of September 3, 2016 $ 86 $ — $ 12 $ 98 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 September 5, 2015 , we incurred restructuring charges of $9 million ( $8 million after-tax or $0.01 per share). In the 36 weeks ended September 5, 2015 , we incurred restructuring charges of $19 million ( $16 million after-tax or $0.01 per share). 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. Cash payments in the 36 weeks ended September 3, 2016 were $26 million . We do not expect any further charges associated with our 2012 Productivity Plan. Substantially all of the restructuring accrual of $9 million at September 3, 2016 is expected to be paid by the end of 2016 . A summary of our 2012 Productivity Plan charges by segment is as follows: 9/5/2015 12 Weeks Ended 36 Weeks Ended FLNA $ — $ — QFNA — — NAB — 1 Latin America 5 5 ESSA 3 9 AMENA — 1 Corporate 1 3 $ 9 $ 19 Other Productivity Initiatives In the 12 and 36 weeks ended September 5, 2015 , we incurred charges of $44 million ( $29 million after-tax or $0.02 per share) and $54 million ( $37 million after-tax or $0.02 per share), respectively. These charges are related to productivity and efficiency initiatives outside the scope of the 2014 and 2012 Productivity Plans discussed above. These amounts were recorded in selling, general and administrative expenses and primarily reflect severance and other employee-related costs. Cash payments in the 36 weeks ended September 3, 2016 were $35 million . Substantially all of the accrual of $26 million at September 3, 2016 is expected to be paid by the end of 2016. See additional unaudited information in “Results of Operations – Consolidated Review” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. A summary of our charges related to productivity and efficiency initiatives outside the scope of the 2014 and 2012 Productivity Plans by segment is as follows: 9/5/2015 12 Weeks Ended 36 Weeks Ended FLNA $ — $ — QFNA — — NAB — — Latin America 5 5 ESSA 1 5 AMENA 8 14 Corporate 30 30 $ 44 $ 54

Intangible Assets

Intangible Assets	8 Months Ended
	Sep. 03, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets A summary of our amortizable intangible assets is as follows: 9/3/2016 12/26/2015 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 833 $ (105 ) $ 728 $ 820 $ (92 ) $ 728 Reacquired franchise rights 106 (101 ) 5 105 (99 ) 6 Brands 1,305 (1,003 ) 302 1,298 (987 ) 311 Other identifiable intangibles 540 (318 ) 222 526 (301 ) 225 $ 2,784 $ (1,527 ) $ 1,257 $ 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 9/3/2016 FLNA Goodwill $ 267 $ 7 $ 274 Brands 22 2 24 289 9 298 QFNA Goodwill 175 — 175 NAB Goodwill 9,754 27 9,781 Reacquired franchise rights 7,042 46 7,088 Acquired franchise rights 1,507 10 1,517 Brands 108 — 108 18,411 83 18,494 Latin America Goodwill 521 38 559 Brands 137 15 152 658 53 711 ESSA Goodwill 3,042 132 3,174 Reacquired franchise rights 488 18 506 Acquired franchise rights 190 4 194 Brands 2,212 116 2,328 5,932 270 6,202 AMENA Goodwill 418 13 431 Brands 105 2 107 523 15 538 Total goodwill 14,177 217 14,394 Total reacquired franchise rights 7,530 64 7,594 Total acquired franchise rights 1,697 14 1,711 Total brands 2,584 135 2,719 $ 25,988 $ 430 $ 26,418

Income Taxes

Income Taxes	8 Months Ended
	Sep. 03, 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: 9/3/2016 12/26/2015 Balance, beginning of year $ 1,547 $ 1,587 Additions for tax positions related to the current year 176 248 Additions for tax positions from prior years 80 122 Reductions for tax positions from prior years (36 ) (261 ) Settlement payments (10 ) (78 ) Statutes of limitations expiration (16 ) (34 ) Translation and other (10 ) (37 ) Balance, end of period $ 1,731 $ 1,547

Share-Based Compensation

Share-Based Compensation	8 Months Ended
	Sep. 03, 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 36 Weeks Ended 9/3/2016 9/5/2015 9/3/2016 9/5/2015 Share-based compensation expense - equity awards $ 67 $ 64 $ 190 $ 208 Share-based compensation expense - liability awards 1 — 4 — Restructuring and impairment charges 1 1 3 2 Total $ 69 $ 65 $ 197 $ 210 For the 12 weeks ended September 3, 2016 and September 5, 2015 , our grants of stock options, restricted stock units (RSUs), performance stock units (PSUs), PepsiCo equity performance units (PEPunits) and long-term cash awards were nominal. The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan (previously named the 2007 Long-Term Incentive Plan): 36 Weeks Ended 9/3/2016 9/5/2015 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.6 $ 99.51 1.8 $ 98.76 RSUs and PSUs 3.0 $ 98.87 2.7 $ 99.15 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 $17 million during the 36 weeks ended September 3, 2016 . Our weighted-average Black-Scholes fair value assumptions are as follows: 36 Weeks Ended 9/3/2016 9/5/2015 Expected life 6 years 7 years Risk-free interest rate 1.4 % 1.8 % Expected volatility 12 % 15 % Expected dividend yield 2.7 % 2.7 %

Pension and Retiree Medical Ben

Pension and Retiree Medical Benefits	8 Months Ended
	Sep. 03, 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 12 and 36 weeks ended September 3, 2016 was $29 million ( $19 million after-tax or $0.01 per share) and $86 million ( $56 million after-tax or $0.04 per share), respectively. 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 9/3/2016 9/5/2015 9/3/2016 9/5/2015 9/3/2016 9/5/2015 U.S. International Service cost $ 91 $ 100 $ 20 $ 25 $ 7 $ 8 Interest cost 112 126 24 30 9 12 Expected return on plan assets (193 ) (195 ) (42 ) (44 ) (6 ) (6 ) Amortization of prior service credit (1 ) (1 ) — — (8 ) (9 ) Amortization of net losses 39 47 11 18 — — 48 77 13 29 2 5 Settlement/curtailment loss 4 — 3 3 — — Special termination benefits 1 4 — — — — Total expense $ 53 $ 81 $ 16 $ 32 $ 2 $ 5 36 Weeks Ended Pension Retiree Medical 9/3/2016 9/5/2015 9/3/2016 9/5/2015 9/3/2016 9/5/2015 U.S. International Service cost $ 272 $ 301 $ 56 $ 70 $ 21 $ 24 Interest cost 335 378 66 81 28 36 Expected return on plan assets (577 ) (588 ) (115 ) (122 ) (17 ) (18 ) Amortization of prior service credit (1 ) (2 ) — — (25 ) (27 ) Amortization of net losses/(gains) 116 142 29 50 (1 ) 1 145 231 36 79 6 16 Settlement/curtailment loss 4 — 9 3 — — Special termination benefits 2 9 — — — 1 Total expense $ 151 $ 240 $ 45 $ 82 $ 6 $ 17 During the first quarter of 2016, we made discretionary contributions of $7 million to our international pension plans. There were no discretionary contributions made in the second or third quarters of 2016 or in the first three quarters of 2015. Subsequent to the third quarter of 2016, we made discretionary pension contributions of $202 million to our U.S. pension plans, and may make additional discretionary pension contributions in the fourth quarter of 2016 that would reduce our net cash provided by operating activities. We regularly evaluate different opportunities to reduce risk and volatility associated with our pension and retiree medical plans, which may result in settlement charges that would be reflected in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Debt Obligations and Commitment

Debt Obligations and Commitments	8 Months Ended
	Sep. 03, 2016
Debt Obligations and Commitments [Abstract]
Debt Obligations and Commitments	Debt Obligations and Commitments In the 36 weeks ended September 3, 2016, we issued the following senior notes: Interest Rate Maturity Date Amount (a) Floating rate February 2019 $ 400 1.500 % February 2019 $ 600 2.850 % February 2026 $ 750 4.450 % April 2046 $ 750 0.875 % July 2028 € 750 (b) (a) Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums. (b) These notes were designated as a net investment hedge to partially offset the effects of foreign currency on our investment in certain of our foreign subsidiaries. The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper. In the 36 weeks ended September 3, 2016 , $3.1 billion of senior notes matured and were paid. In the second quarter of 2016, we entered into a new five-year unsecured revolving credit agreement (Five-Year Credit Agreement) which expires on June 6, 2021. The Five-Year Credit Agreement enables us and our borrowing subsidiaries to borrow up to $3.7225 billion , subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $4.5 billion . Additionally, we may, once a year, request renewal of the agreement for an additional one-year period. Also in the second quarter of 2016, we entered into a new 364-day unsecured revolving credit agreement (364-Day Credit Agreement), which expires on June 5, 2017. The 364-Day Credit Agreement enables us and our borrowing subsidiaries to borrow up to $3.7225 billion , subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $4.5 billion . We may request renewal of this facility for an additional 364-day period or convert any amounts outstanding into a term loan for a period of up to one year, which would mature no later than the anniversary of the then effective termination date. The Five-Year Credit Agreement and the 364-Day Credit Agreement together replaced our $3.7225 billion five-year credit agreement dated as of June 8, 2015 and our $3.7225 billion 364-day credit agreement dated as of June 8, 2015. Funds borrowed under the Five-Year Credit Agreement and the 364-Day Credit Agreement may be used for general corporate purposes. Subject to certain conditions, we may borrow, prepay and reborrow amounts under these agreements. As of September 3, 2016, there were no outstanding borrowings under the Five-Year Credit Agreement or the 364-Day Credit Agreement. As of September 3, 2016 , we had $2.9 billion of commercial paper outstanding and $2.9 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 .

Financial Instruments

Financial Instruments	8 Months Ended
	Sep. 03, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Derivatives and Hedging 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 and, in the case of our net investment hedges, debt instruments. 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. For net investment hedges, the effective portion of the gains and losses on the debt instruments arising from the effects of foreign exchange are recorded in the currency translation adjustment component of accumulated other comprehensive loss, consistent with the underlying hedged item. Hedging transactions are limited to an underlying exposure. As a result, any change in the value of our hedging 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 $0.8 billion as of September 3, 2016 and $1.0 billion as of December 26, 2015 . Foreign Exchange We are exposed to foreign exchange risk from net investments in foreign subsidiaries, 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. We also use net investment hedges to partially offset the effects of foreign currency on our investment in certain of our foreign subsidiaries. Our foreign currency derivatives had a total notional value of $1.7 billion as of September 3, 2016 and $2.1 billion as of December 26, 2015 . The total notional amount of our debt instruments designated as net investment hedges was $0.8 billion as of September 3, 2016. Ineffectiveness for derivatives and non-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 gains and losses 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 have 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 September 3, 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 September 3, 2016 , approximately 37% of total debt, after the impact of the related interest rate derivative instruments, was subject 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 September 3, 2016 and December 26, 2015 were not material. The unrealized gains on our investments in marketable equity securities were $89 million and $115 million as of September 3, 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 and 36 weeks ended September 3, 2016 and September 5, 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 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) in the first quarter of 2016 in the AMENA segment. This charge was recorded in selling, general and administrative expenses in our Condensed Consolidated Statement of Income and reduced the value of our 5% indirect equity interest in TAB to its estimated fair value. The estimated fair value was derived using both an income and market approach, and is considered a non-recurring Level 3 measurement within the fair value hierarchy. The carrying value of the investment in TAB was $166 million as of September 3, 2016 . We continue to monitor the impact of economic and other developments on the remaining value of our investment in TAB. In connection with our transaction with Tingyi in the second quarter of 2012, we received a call option to increase our holding in TAB to 20% that would have expired in the fourth quarter of 2015. During the third quarter of 2015, we concluded that the probability of exercising the option prior to its expiration was remote and, accordingly, we recorded a charge of $73 million ( $0.05 per share) to write off the recorded value of this call option. 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 September 3, 2016 and December 26, 2015 are categorized as follows: 9/3/2016 12/26/2015 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ 100 $ — $ 127 $ — Debt securities (c) 9,976 — 7,231 — $ 10,076 $ — $ 7,358 $ — Short-term investments (d) $ 194 $ — $ 193 $ — Prepaid forward contracts (e) $ 29 $ — $ 27 $ — Deferred compensation (f) $ — $ 470 $ — $ 474 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 159 $ 5 $ 129 $ 12 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 35 $ 15 $ 76 $ 6 Interest rate (g) — 344 — 311 Commodity (i) 1 5 — 7 $ 36 $ 364 $ 76 $ 324 Derivatives not designated as hedging instruments: Foreign exchange (h) $ 4 $ 41 $ 8 $ 10 Interest rate (g) 38 47 44 56 Commodity (i) 30 56 12 141 $ 72 $ 144 $ 64 $ 207 Total derivatives at fair value ( j ) $ 267 $ 513 $ 269 $ 543 Total $ 10,566 $ 983 $ 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 September 3, 2016 , $5.7 billion and $4.3 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 September 3, 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 September 3, 2016 and December 26, 2015 were not material. Collateral received against any of our asset positions was not material. 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 September 3, 2016 and December 26, 2015 was $39 billion and $35 billion , respectively, based upon prices of similar instruments in the marketplace, which are considered Level 2 inputs. Losses/(gains) on our hedging instruments are categorized as follows: 12 Weeks Ended Fair Value/Non- designated Hedges Cash Flow and Net Investment Hedges Losses/(Gains) Recognized in Income Statement (a) Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b) 9/3/2016 9/5/2015 9/3/2016 9/5/2015 9/3/2016 9/5/2015 Foreign exchange $ 22 $ (28 ) $ (31 ) $ (52 ) $ (4 ) $ (17 ) Interest rate 39 (37 ) 36 35 73 21 Commodity 59 87 9 4 2 2 Net investment — — 8 — — — Total $ 120 $ 22 $ 22 $ (13 ) $ 71 $ 6 36 Weeks Ended Fair Value/Non- designated Hedges Cash Flow and Net Investment Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 9/3/2016 9/5/2015 9/3/2016 9/5/2015 9/3/2016 9/5/2015 Foreign exchange $ 60 $ (12 ) $ 9 $ (78 ) $ (37 ) $ (61 ) Interest rate (40 ) (30 ) 33 164 71 133 Commodity 4 154 4 8 8 16 Net investment — — 8 — — — Total $ 24 $ 112 $ 54 $ 94 $ 42 $ 88 (a) Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains 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 losses of $10 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	8 Months Ended
	Sep. 03, 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 9/3/2016 9/5/2015 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 1,992 $ 533 (b) Preferred shares: Dividends — (1 ) Redemption premium (1 ) (1 ) Net income available for PepsiCo common shareholders $ 1,991 1,438 $ 531 1,467 Basic net income attributable to PepsiCo per common share $ 1.38 $ 0.36 Net income available for PepsiCo common shareholders $ 1,991 1,438 $ 531 1,467 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other (c) — 13 1 15 Employee stock ownership plan (ESOP) convertible preferred stock 1 1 1 1 Diluted $ 1,992 1,452 $ 533 1,483 Diluted net income attributable to PepsiCo per common share $ 1.37 $ 0.36 36 Weeks Ended 9/3/2016 9/5/2015 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 4,928 $ 3,734 (b) Preferred shares: Dividends — (1 ) Redemption premium (3 ) (3 ) Net income available for PepsiCo common shareholders $ 4,925 1,443 $ 3,730 1,475 Basic net income attributable to PepsiCo per common share $ 3.41 $ 2.53 Net income available for PepsiCo common shareholders $ 4,925 1,443 $ 3,730 1,475 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other (c) — 12 1 16 ESOP convertible preferred stock 3 1 3 1 Diluted $ 4,928 1,456 $ 3,734 1,492 Diluted net income attributable to PepsiCo per common share $ 3.39 $ 2.50 (a) Weighted-average common shares outstanding (in millions). (b) Net income attributable to PepsiCo for the 12 and 36 weeks ended September 5, 2015 included an after-tax charge of $1.4 billion related to our change in accounting for our investments in our wholly-owned Venezuelan subsidiaries and beverage joint venture. (c) For the 12 weeks ended September 3, 2016 , there were no out-of-the-money options during the period. For the 12 weeks ended September 5, 2015 , options to purchase 1.5 million shares 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 an average exercise price of $99.25 . For the 36 weeks ended September 3, 2016 and September 5, 2015 , options to purchase 1.0 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 , respectively.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	8 Months Ended
	Sep. 03, 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 36 Weeks Ended Net Revenue 9/3/2016 9/5/2015 9/3/2016 9/5/2015 FLNA $ 3,676 $ 3,555 $ 10,658 $ 10,326 QFNA 571 583 1,749 1,768 NAB 5,518 5,360 15,024 14,771 Latin America (a) 1,762 2,283 4,521 5,921 ESSA 2,864 2,918 6,883 7,227 AMENA 1,636 1,632 4,449 4,458 Total division $ 16,027 $ 16,331 $ 43,284 $ 44,471 12 Weeks Ended 36 Weeks Ended Operating Profit/(Loss) 9/3/2016 9/5/2015 9/3/2016 9/5/2015 FLNA $ 1,148 $ 1,085 $ 3,249 $ 3,012 QFNA (b) 144 150 456 381 NAB (c) 904 860 2,270 2,146 Latin America (a) 247 (994 ) 664 (420 ) ESSA 388 398 792 860 AMENA (d) 264 199 499 802 Total division 3,095 1,698 7,930 6,781 Corporate Unallocated Mark-to-market net (losses)/gains (39 ) (28 ) 107 10 Other (235 ) (254 ) (633 ) (678 ) $ 2,821 $ 1,416 $ 7,404 $ 6,113 (a) 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, Latin America’s financial results have not included the results of our Venezuelan businesses. Additionally, operating loss for the 12 and 36 weeks ended September 5, 2015 included charges of $1.4 billion related to our change in accounting for our investments in our wholly-owned Venezuelan subsidiaries and beverage joint venture. (b) Operating profit for QFNA for the 36 weeks ended September 5, 2015 included an impairment charge of $65 million associated with our Müller Quaker Dairy (MQD) joint venture investment. (c) Operating profit for NAB for the 12 and 36 weeks ended September 5, 2015 included a gain of $37 million associated with the settlement of a pension-related liability from a previous acquisition. (d) Operating profit for AMENA for the 36 weeks ended September 3, 2016 includes an 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 the 12 and 36 weeks ended September 5, 2015 included a charge of $73 million related to a write-off of the recorded value of a call option to increase our holding in TAB and an impairment charge of $29 million associated with a joint venture in the Middle East. In addition, operating profit for the 36 weeks ended September 5, 2015 included a gain of $39 million associated with refranchising a portion of our bottling operations in India.
Segment Reporting Information By Total Assets	Total assets of each division are as follows: Total Assets 9/3/2016 12/26/2015 FLNA $ 5,648 $ 5,375 QFNA 864 872 NAB 28,996 28,128 Latin America 4,684 4,284 ESSA 13,086 12,225 AMENA 5,752 5,901 Total division 59,030 56,785 Corporate (a) 14,867 12,882 $ 73,897 $ 69,667 (a) Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment, pension and tax assets.

Restructuring, Impairment and19

Restructuring, Impairment and Integration Charges Restructuring, Impairment and Integration Charges (Tables)	8 Months Ended
	Sep. 03, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]	A summary of our charges related to productivity and efficiency initiatives outside the scope of the 2014 and 2012 Productivity Plans by segment is as follows: 9/5/2015 12 Weeks Ended 36 Weeks Ended FLNA $ — $ — QFNA — — NAB — — Latin America 5 5 ESSA 1 5 AMENA 8 14 Corporate 30 30 $ 44 $ 54
2012 Schedule of Restructuring Related Costs [Table Text Block]	A summary of our 2012 Productivity Plan charges by segment is as follows: 9/5/2015 12 Weeks Ended 36 Weeks Ended FLNA $ — $ — QFNA — — NAB — 1 Latin America 5 5 ESSA 3 9 AMENA — 1 Corporate 1 3 $ 9 $ 19
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 36 Weeks Ended 9/3/2016 9/5/2015 9/3/2016 9/5/2015 2014 Productivity Plan $ 27 $ 43 $ 106 $ 94 2012 Productivity Plan — 9 — 19 Total restructuring and impairment charges 27 52 106 113 Other productivity initiatives (a) — 44 (2 ) 54 Total restructuring and impairment charges and other productivity initiatives $ 27 $ 96 $ 104 $ 167
2014 Schedule of Restructuring Related Costs [Table Text Block]	A summary of our 2014 Productivity Plan charges by segment is as follows: 12 Weeks Ended 36 Weeks Ended 9/3/2016 9/5/2015 9/3/2016 9/5/2015 FLNA $ 2 $ 12 $ 1 $ 20 QFNA — 1 1 2 NAB 6 4 19 18 Latin America — 5 28 11 ESSA 11 15 38 28 AMENA 4 3 11 7 Corporate 4 3 8 8 $ 27 $ 43 $ 106 $ 94
Summary Of 2014 Productivity Plan Activity [Table Text Block]	A summary of our 2014 Productivity Plan activity for the 36 weeks ended September 3, 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 59 21 26 106 Cash payments (29 ) — (35 ) (64 ) Non-cash charges and translation (5 ) (21 ) 1 (25 ) Liability as of September 3, 2016 $ 86 $ — $ 12 $ 98

Intangible Assets (Tables)

Intangible Assets (Tables)	8 Months Ended
	Sep. 03, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of our amortizable intangible assets is as follows: 9/3/2016 12/26/2015 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 833 $ (105 ) $ 728 $ 820 $ (92 ) $ 728 Reacquired franchise rights 106 (101 ) 5 105 (99 ) 6 Brands 1,305 (1,003 ) 302 1,298 (987 ) 311 Other identifiable intangibles 540 (318 ) 222 526 (301 ) 225 $ 2,784 $ (1,527 ) $ 1,257 $ 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 9/3/2016 FLNA Goodwill $ 267 $ 7 $ 274 Brands 22 2 24 289 9 298 QFNA Goodwill 175 — 175 NAB Goodwill 9,754 27 9,781 Reacquired franchise rights 7,042 46 7,088 Acquired franchise rights 1,507 10 1,517 Brands 108 — 108 18,411 83 18,494 Latin America Goodwill 521 38 559 Brands 137 15 152 658 53 711 ESSA Goodwill 3,042 132 3,174 Reacquired franchise rights 488 18 506 Acquired franchise rights 190 4 194 Brands 2,212 116 2,328 5,932 270 6,202 AMENA Goodwill 418 13 431 Brands 105 2 107 523 15 538 Total goodwill 14,177 217 14,394 Total reacquired franchise rights 7,530 64 7,594 Total acquired franchise rights 1,697 14 1,711 Total brands 2,584 135 2,719 $ 25,988 $ 430 $ 26,418

Income Taxes (Tables)

Income Taxes (Tables)	8 Months Ended
	Sep. 03, 2016
Income Tax Disclosure [Abstract]
Reserves Rollforward	A rollforward of our reserves for all federal, state and foreign tax jurisdictions is as follows: 9/3/2016 12/26/2015 Balance, beginning of year $ 1,547 $ 1,587 Additions for tax positions related to the current year 176 248 Additions for tax positions from prior years 80 122 Reductions for tax positions from prior years (36 ) (261 ) Settlement payments (10 ) (78 ) Statutes of limitations expiration (16 ) (34 ) Translation and other (10 ) (37 ) Balance, end of period $ 1,731 $ 1,547

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	8 Months Ended
	Sep. 03, 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 36 Weeks Ended 9/3/2016 9/5/2015 9/3/2016 9/5/2015 Share-based compensation expense - equity awards $ 67 $ 64 $ 190 $ 208 Share-based compensation expense - liability awards 1 — 4 — Restructuring and impairment charges 1 1 3 2 Total $ 69 $ 65 $ 197 $ 210
Schedule of Share-based Payment Award, 2007 Long-Term Incentive Plan	The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan (previously named the 2007 Long-Term Incentive Plan): 36 Weeks Ended 9/3/2016 9/5/2015 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.6 $ 99.51 1.8 $ 98.76 RSUs and PSUs 3.0 $ 98.87 2.7 $ 99.15 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: 36 Weeks Ended 9/3/2016 9/5/2015 Expected life 6 years 7 years Risk-free interest rate 1.4 % 1.8 % Expected volatility 12 % 15 % Expected dividend yield 2.7 % 2.7 %

Pension and Retiree Medical B23

Pension and Retiree Medical Benefits (Tables)	8 Months Ended
	Sep. 03, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	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 12 and 36 weeks ended September 3, 2016 was $29 million ( $19 million after-tax or $0.01 per share) and $86 million ( $56 million after-tax or $0.04 per share), respectively. 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 9/3/2016 9/5/2015 9/3/2016 9/5/2015 9/3/2016 9/5/2015 U.S. International Service cost $ 91 $ 100 $ 20 $ 25 $ 7 $ 8 Interest cost 112 126 24 30 9 12 Expected return on plan assets (193 ) (195 ) (42 ) (44 ) (6 ) (6 ) Amortization of prior service credit (1 ) (1 ) — — (8 ) (9 ) Amortization of net losses 39 47 11 18 — — 48 77 13 29 2 5 Settlement/curtailment loss 4 — 3 3 — — Special termination benefits 1 4 — — — — Total expense $ 53 $ 81 $ 16 $ 32 $ 2 $ 5

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Tables)	8 Months Ended
	Sep. 03, 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 36 Weeks Ended 9/3/2016 9/5/2015 9/3/2016 9/5/2015 Affected Line Item in the Condensed Consolidated Statement of Income Currency translation: Venezuelan entities $ — $ 111 $ — $ 111 Venezuela impairment charges Cash flow hedges: Foreign exchange contracts $ 1 $ — $ 2 $ (2 ) Net revenue Foreign exchange contracts (5 ) (17 ) (39 ) (59 ) Cost of sales Interest rate derivatives 73 21 71 133 Interest expense Commodity contracts 1 — 4 8 Cost of sales Commodity contracts 1 2 4 8 Selling, general and administrative expenses Net losses before tax 71 6 42 88 Tax amounts (28 ) (3 ) (21 ) (40 ) Net losses after tax $ 43 $ 3 $ 21 $ 48 Pension and retiree medical items: Amortization of prior service credit (a) $ (9 ) $ (10 ) $ (26 ) $ (29 ) Amortization of net losses (a) 50 65 144 193 Settlement/curtailment (a) 4 3 10 3 Net losses before tax 45 58 128 167 Tax amounts (15 ) (18 ) (41 ) (53 ) Net losses after tax $ 30 $ 40 $ 87 $ 114 Venezuelan entities $ — $ 20 $ — $ 20 Venezuela impairment charges Tax amount — (4 ) — (4 ) Net losses after tax $ — $ 16 $ — $ 16 Total net losses reclassified, net of tax $ 73 $ 170 $ 108 $ 289 (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)	8 Months Ended
	Sep. 03, 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 September 3, 2016 and December 26, 2015 are categorized as follows: 9/3/2016 12/26/2015 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ 100 $ — $ 127 $ — Debt securities (c) 9,976 — 7,231 — $ 10,076 $ — $ 7,358 $ — Short-term investments (d) $ 194 $ — $ 193 $ — Prepaid forward contracts (e) $ 29 $ — $ 27 $ — Deferred compensation (f) $ — $ 470 $ — $ 474 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 159 $ 5 $ 129 $ 12 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 35 $ 15 $ 76 $ 6 Interest rate (g) — 344 — 311 Commodity (i) 1 5 — 7 $ 36 $ 364 $ 76 $ 324 Derivatives not designated as hedging instruments: Foreign exchange (h) $ 4 $ 41 $ 8 $ 10 Interest rate (g) 38 47 44 56 Commodity (i) 30 56 12 141 $ 72 $ 144 $ 64 $ 207 Total derivatives at fair value ( j ) $ 267 $ 513 $ 269 $ 543 Total $ 10,566 $ 983 $ 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 September 3, 2016 , $5.7 billion and $4.3 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 September 3, 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 September 3, 2016 and December 26, 2015 were not material. Collateral received against any of our asset positions was not material. 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 September 3, 2016 and December 26, 2015 was $39 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	osses/(gains) on our hedging instruments are categorized as follows: 12 Weeks Ended Fair Value/Non- designated Hedges Cash Flow and Net Investment Hedges Losses/(Gains) Recognized in Income Statement (a) Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b) 9/3/2016 9/5/2015 9/3/2016 9/5/2015 9/3/2016 9/5/2015 Foreign exchange $ 22 $ (28 ) $ (31 ) $ (52 ) $ (4 ) $ (17 ) Interest rate 39 (37 ) 36 35 73 21 Commodity 59 87 9 4 2 2 Net investment — — 8 — — — Total $ 120 $ 22 $ 22 $ (13 ) $ 71 $ 6 36 Weeks Ended Fair Value/Non- designated Hedges Cash Flow and Net Investment Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 9/3/2016 9/5/2015 9/3/2016 9/5/2015 9/3/2016 9/5/2015 Foreign exchange $ 60 $ (12 ) $ 9 $ (78 ) $ (37 ) $ (61 ) Interest rate (40 ) (30 ) 33 164 71 133 Commodity 4 154 4 8 8 16 Net investment — — 8 — — — Total $ 24 $ 112 $ 54 $ 94 $ 42 $ 88 (a) Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains 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 losses of $10 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months.

Net Income Attributable to Pe26

Net Income Attributable to PepsiCo per Common Share (Tables)	8 Months Ended
	Sep. 03, 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 9/3/2016 9/5/2015 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 1,992 $ 533 (b) Preferred shares: Dividends — (1 ) Redemption premium (1 ) (1 ) Net income available for PepsiCo common shareholders $ 1,991 1,438 $ 531 1,467 Basic net income attributable to PepsiCo per common share $ 1.38 $ 0.36 Net income available for PepsiCo common shareholders $ 1,991 1,438 $ 531 1,467 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other (c) — 13 1 15 Employee stock ownership plan (ESOP) convertible preferred stock 1 1 1 1 Diluted $ 1,992 1,452 $ 533 1,483 Diluted net income attributable to PepsiCo per common share $ 1.37 $ 0.36 36 Weeks Ended 9/3/2016 9/5/2015 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 4,928 $ 3,734 (b) Preferred shares: Dividends — (1 ) Redemption premium (3 ) (3 ) Net income available for PepsiCo common shareholders $ 4,925 1,443 $ 3,730 1,475 Basic net income attributable to PepsiCo per common share $ 3.41 $ 2.53 Net income available for PepsiCo common shareholders $ 4,925 1,443 $ 3,730 1,475 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other (c) — 12 1 16 ESOP convertible preferred stock 3 1 3 1 Diluted $ 4,928 1,456 $ 3,734 1,492 Diluted net income attributable to PepsiCo per common share $ 3.39 $ 2.50 (a) Weighted-average common shares outstanding (in millions). (b) Net income attributable to PepsiCo for the 12 and 36 weeks ended September 5, 2015 included an after-tax charge of $1.4 billion related to our change in accounting for our investments in our wholly-owned Venezuelan subsidiaries and beverage joint venture. (c) For the 12 weeks ended September 3, 2016 , there were no out-of-the-money options during the period. For the 12 weeks ended September 5, 2015 , options to purchase 1.5 million shares 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 an average exercise price of $99.25 . For the 36 weeks ended September 3, 2016 and September 5, 2015 , options to purchase 1.0 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 , respectively.

Segment Reporting Information b

Segment Reporting Information by Net Revenue and Operating Profit (Detail) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Segment Reporting Information [Line Items]
Net Revenue	$ 16,027	$ 16,331	$ 43,284	$ 44,471
Operating Profit	2,821	1,416	7,404	6,113
Venezuela impairment charges	0	1,359	0	1,359
Tingyi Charge		73	$ 373	73
indirect equity investment percentage			5.00%
FLNA
Segment Reporting Information [Line Items]
Net Revenue	3,676	3,555	$ 10,658	10,326
Operating Profit	1,148	1,085	3,249	3,012
QFNA
Segment Reporting Information [Line Items]
Net Revenue	571	583	1,749	1,768
Operating Profit	144	150	456	381
Asset Impairment Charges				65
North America Beverages [Member]
Segment Reporting Information [Line Items]
Net Revenue	5,518	5,360	15,024	14,771
Operating Profit	904	860	2,270	2,146
Pension-related settlement		37		37
Latin America [Member]
Segment Reporting Information [Line Items]
Net Revenue	1,762	2,283	4,521	5,921
Operating Profit	247	(994)	664	(420)
Venezuela impairment charges		1,400		1,400
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Net Revenue	2,864	2,918	6,883	7,227
Operating Profit	388	398	792	860
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Net Revenue	1,636	1,632	4,449	4,458
Operating Profit	264	199	499	802
Asset Impairment Charges		29		29
Significant Acquisitions and Disposals, Gain/(Loss) on Sale of Disposal, Pretax				39
Tingyi Charge		73	(373)	73
Total Division
Segment Reporting Information [Line Items]
Operating Profit	3,095	1,698	7,930	6,781
Corporate Unallocated Net Impact Of Mark To Market On Commodity Hedges
Segment Reporting Information [Line Items]
Operating Profit	(39)	(28)	107	10
Corporate Unallocated Other and Restructuring and Impairment Charges [Member]
Segment Reporting Information [Line Items]
Operating Profit	$ (235)	$ (254)	$ (633)	$ (678)

Segment Reporting Information28

Segment Reporting Information by Total Assets (Detail) - USD ($) $ in Millions		Sep. 03, 2016	Dec. 26, 2015
Segment Reporting Information [Line Items]
Assets		$ 73,897	$ 69,667
FLNA
Segment Reporting Information [Line Items]
Assets		5,648	5,375
QFNA
Segment Reporting Information [Line Items]
Assets		864	872
Latin America [Member]
Segment Reporting Information [Line Items]
Assets		4,684	4,284
North America Beverages [Member]
Segment Reporting Information [Line Items]
Assets		28,996	28,128
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Assets		13,086	12,225
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Assets		5,752	5,901
Total Division
Segment Reporting Information [Line Items]
Assets		59,030	56,785
Corporate
Segment Reporting Information [Line Items]
Assets	[1]	14,867	12,882
Assets, Total [Member]
Segment Reporting Information [Line Items]
Assets		$ 73,897	$ 69,667
[1]	Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment, pension and tax assets.

Basis of Presentation and Our D

Basis of Presentation and Our Divisions Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended	8 Months Ended
	Sep. 05, 2015	Sep. 05, 2015
Cost of Sales
Prior Period Reclassification Adjustment [Line Items]
Prior Period Reclassification Adjustment	$ 95	$ 240
Gross Profit and Selling, General and Administrative Expenses
Prior Period Reclassification Adjustment [Line Items]
Prior Period Reclassification Adjustment	$ (95)	$ (240)

Restructuring, Impairment and30

Restructuring, Impairment and Integration Charges 2014 Productivity Plan Charges (Details) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 27	$ 52	$ 106	$ 113
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	27	43	106	94
FLNA | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	2	12	1	20
QFNA | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	1	1	2
North America Beverages [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	6	4	19	18
Latin America [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	5	28	11
Europe Sub-Saharan Africa | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	11	15	38	28
Asia Middle East and North Africa | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	4	3	11	7
Corporate Unallocated [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 4	$ 3	$ 8	$ 8

Restructuring, Impairment and31

Restructuring, Impairment and Integration Charges 2014 Productivity Plan Activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 27	$ 52	$ 106	$ 113
Cash payments for restructuring charges			(90)	(149)
Restructuring Charges After Tax		$ 29		$ 37
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.02		$ 0.02
Other Restructuring Costs	0	$ 44	(2)	$ 54
Total restructuring and impairment charges and other productivity initiatives	27	96	104	167
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start			81
Restructuring, Settlement and Impairment Provisions	27	43	106	94
Cash payments for restructuring charges			64
Restructuring Reserve, Settled without Cash			25
Restructuring Reserve - Period End	98		98
Restructuring Charges After Tax	$ 20	$ 33	$ 0	$ 73
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.01	$ 0.02	$ 0.05	$ 0.05
2012 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 0	$ 9	$ 0	$ 19
Cash payments for restructuring charges			(26)
Restructuring Reserve - Period End	9		9
Restructuring Charges After Tax		$ 8		$ 16
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.01		$ 0.01
Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start			61
Restructuring, Settlement and Impairment Provisions			59
Cash payments for restructuring charges			29
Restructuring Reserve, Settled without Cash			5
Restructuring Reserve - Period End	86		86
Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start			0
Restructuring, Settlement and Impairment Provisions			21
Cash payments for restructuring charges			0
Restructuring Reserve, Settled without Cash			21
Restructuring Reserve - Period End	0		0
Other Costs [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start			20
Restructuring, Settlement and Impairment Provisions			26
Cash payments for restructuring charges			35
Restructuring Reserve, Settled without Cash			(1)
Restructuring Reserve - Period End	$ 12		$ 12

Restructuring, Impairment and32

Restructuring, Impairment and Integration Charges 2012 Productivity Plan Charges (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 27	$ 52	$ 106	$ 113
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.02		$ 0.02
Payments for Restructuring			90	$ 149
2014 Productivity Plan [Member] [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 27	$ 43	$ 106	$ 94
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.01	$ 0.02	$ 0.05	$ 0.05
Payments for Restructuring			$ (64)
2014 Productivity Plan [Member] [Member] | FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 2	$ 12	1	$ 20
2014 Productivity Plan [Member] [Member] | QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	1	1	2
2014 Productivity Plan [Member] [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	5	28	11
2014 Productivity Plan [Member] [Member] | North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	6	4	19	18
2014 Productivity Plan [Member] [Member] | Europe Sub-Saharan Africa
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	11	15	38	28
2014 Productivity Plan [Member] [Member] | Asia Middle East and North Africa
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	4	3	11	7
2014 Productivity Plan [Member] [Member] | Corporate Unallocated [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	4	3	8	8
2012 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 0	$ 9	0	$ 19
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.01		$ 0.01
Payments for Restructuring			$ 26
2012 Productivity Plan | FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		$ 0		$ 0
2012 Productivity Plan | QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		0		0
2012 Productivity Plan | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		5		5
2012 Productivity Plan | North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		0		1
2012 Productivity Plan | Europe Sub-Saharan Africa
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		3		9
2012 Productivity Plan | Asia Middle East and North Africa
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		0		1
2012 Productivity Plan | Corporate Unallocated [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		$ 1		$ 3

Restructuring, Impairment and33

Restructuring, Impairment and Integration Charges 2012 Productivity Plan Activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 27	$ 52	$ 106	$ 113
Restructuring Charges After Tax		$ 29		$ 37
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.02		$ 0.02
Cash payments for restructuring charges			(90)	$ (149)
2012 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0	$ 9	0	19
Restructuring Charges After Tax		$ 8		$ 16
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.01		$ 0.01
Cash payments for restructuring charges			(26)
Restructuring Reserve - Period End	$ 9		$ 9

Restructuring, Impairment and34

Restructuring, Impairment and Integration Charges Other Productivity Initiatives (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring			$ 90	$ 149
Other Restructuring Costs	$ 0	$ 44	(2)	54
Restructuring Charges After Tax		$ 29		$ 37
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.02		$ 0.02
2012 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring			26
Restructuring Charges After Tax		$ 8		$ 16
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount		$ 0.01		$ 0.01
Restructuring Reserve	9		9
Other Productivity Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring			35
Restructuring Reserve	$ 26		$ 26
FLNA
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs		$ 0		$ 0
Quaker Foods North America [Member]
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs		0		0
North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs		0		0
Europe Sub-Saharan Africa [Member]
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs		1		5
Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs		5		5
Asia Middle East and North Africa
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs		8		14
Corporate Unallocated [Member]
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs		$ 30		$ 30

Restructuring, Impairment and35

Restructuring, Impairment and Integration Charges Summary of Restructuring and Impairment Charges (Details) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 27	$ 52	$ 106	$ 113
Other Restructuring Costs	0	44	(2)	54
Total restructuring and impairment charges and other productivity initiatives	27	96	104	167
2014 Productivity Plan [Member] [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	27	43	106	94
2012 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 0	$ 9	$ 0	$ 19

Intangible Assets Amortizable I

Intangible Assets Amortizable Intangible Assets, net (Detail) - USD ($) $ in Millions	Sep. 03, 2016	Dec. 26, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 2,784	$ 2,749
Finite-Lived Intangible Assets, Accumulated Amortization	(1,527)	(1,479)
Amortizable Intangible Assets, net	1,257	1,270
Other Identifiable Intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	540	526
Finite-Lived Intangible Assets, Accumulated Amortization	(318)	(301)
Amortizable Intangible Assets, net	222	225
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,305	1,298
Finite-Lived Intangible Assets, Accumulated Amortization	(1,003)	(987)
Amortizable Intangible Assets, net	302	311
Reacquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	106	105
Finite-Lived Intangible Assets, Accumulated Amortization	(101)	(99)
Amortizable Intangible Assets, net	5	6
Acquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	833	820
Finite-Lived Intangible Assets, Accumulated Amortization	(105)	(92)
Amortizable Intangible Assets, net	$ 728	$ 728

Change in Book Value of Nonamor

Change in Book Value of Nonamortizable Intangible Assets (Detail) $ in Millions	8 Months Ended
	Sep. 03, 2016USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	$ 25,988
Translation and Other	430
Balance, End	26,418
FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	289
Translation and Other	9
Balance, End	298
Latin America [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	658
Translation and Other	53
Balance, End	711
North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	18,411
Translation and Other	83
Balance, End	18,494
Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	5,932
Translation and Other	270
Balance, End	6,202
Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	523
Translation and Other	15
Balance, End	538
Goodwill
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	14,177
Translation and Other	217
Balance, End	14,394
Goodwill | FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	267
Translation and Other	7
Balance, End	274
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	38
Balance, End	559
Goodwill | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	9,754
Translation and Other	27
Balance, End	9,781
Goodwill | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	3,042
Translation and Other	132
Balance, End	3,174
Goodwill | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	418
Translation and Other	13
Balance, End	431
Brands
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	2,584
Translation and Other	135
Balance, End	2,719
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	15
Balance, End	152
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	116
Balance, End	2,328
Brands | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	105
Translation and Other	2
Balance, End	107
Reacquired Franchise Rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,530
Translation and Other	64
Balance, End	7,594
Reacquired Franchise Rights | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,042
Translation and Other	46
Balance, End	7,088
Reacquired Franchise Rights | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	488
Translation and Other	18
Balance, End	506
Acquired franchise rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	1,697
Translation and Other	14
Balance, End	1,711
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
Translation and Other	4
Balance, End	$ 194

Rollforward of Reserves for Fed

Rollforward of Reserves for Federal State and Foreign Tax Jurisdictions (Detail) - USD ($) $ in Millions	8 Months Ended	12 Months Ended
	Sep. 03, 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	176	248
Additions for tax positions from prior years	80	122
Reductions for tax positions from prior years	(36)	(261)
Settlement payments	(10)	(78)
Statute of limitations expiration	(16)	(34)
Translation and other	(10)	(37)
Balance, end of period	$ 1,731	$ 1,547

Weighted Average Black Scholes

Weighted Average Black Scholes Fair Value Assumptions (Detail)	8 Months Ended
	Sep. 03, 2016	Sep. 05, 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	1.40%	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		8 Months Ended
	Sep. 03, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	$ 67	$ 64	$ 190	$ 208
Compensation cost for share-based liabilities	1	0	4	0
Restructuring, Settlement and Impairment Provisions	27	52	106	113
Recognized stock-based compensation expense	69	65	197	210
Share based liability awards granted, target			17
Share-based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 1	$ 1	$ 3	$ 2
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			1.6	1.8
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Price			$ 99.51	$ 98.76
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			3	2.7
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Price			$ 98.87	$ 99.15
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	Sep. 07, 2016	Sep. 03, 2016	Mar. 19, 2016	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 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		$ 100	$ 272	$ 301
Interest cost		112		126	335	378
Expected return on plan assets		(193)		(195)	(577)	(588)
Amortization of prior service credit		(1)		(1)	(1)	(2)
Amortization of net losses		39		47	116	142
Gross total		48		77	145	231
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements		4			4	0
Special termination benefits		1		4	2	9
Total expense		53		81	151	240
International
Defined Benefit Plan Disclosure [Line Items]
Service cost		20		25	56	70
Interest cost		24		30	66	81
Expected return on plan assets		(42)		(44)	(115)	(122)
Amortization of net losses		11		18	29	50
Gross total		13		29	36	79
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements		3		3	9	3
Total expense		16		32	45	82
Retiree Medical
Defined Benefit Plan Disclosure [Line Items]
Service cost		7		8	21	24
Interest cost		9		12	28	36
Expected return on plan assets		(6)		(6)	(17)	(18)
Amortization of prior service credit		(8)		(9)	(25)	(27)
Amortization of net losses					(1)	1
Gross total		2		5	6	16
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements					0	0
Special termination benefits						1
Total expense		$ 2		$ 5	$ 6	$ 17
Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 202

Pension and Retiree Medical B42

Pension and Retiree Medical Benefits Impact of Application of Full Yield Curve Approach (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	8 Months Ended
	Sep. 03, 2016	Sep. 03, 2016
Defined Benefit Plan Disclosure [Line Items]
Change in Accounting Estimate	$ 29	$ 86
Change in Accounting Estimate after Tax	$ 19	$ 56
Change in Accounting Estimate per Share	$ 0.01	$ 0.04

Debt Obligations and Commitme43

Debt Obligations and Commitments - Additional Information (Detail)	8 Months Ended
	Sep. 03, 2016USD ($)	Sep. 03, 2016EUR (€)	Jun. 08, 2015USD ($)
Debt Instrument [Line Items]
Repayments of Debt	$ 3,100,000,000
Commercial Paper	2,900,000,000
Unrecorded Unconditional Purchase Obligation	2,900,000,000
Five-Year Unsecured Revolving Credit Agreement (Five-Year Credit Agreement) [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	3,722,500,000		$ 3,722,500,000
Line of Credit Facility, Maximum Borrowing Capacity	4,500,000,000
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%	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%	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%	4.45%
Debt Instrument, Face Amount	$ 750,000,000
Notes Due 2028 [Member] | Zero Point Eight Seven Five Percent Notes Due 2028 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.875%	0.875%
Debt Instrument, Face Amount | €		€ 750,000,000
364-Day Unsecured Revolving Credit Agreement (364-Day Credit Agreement) [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 3,722,500,000		$ 3,722,500,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,500,000,000

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended				8 Months Ended
	Sep. 03, 2016		Sep. 05, 2015		Sep. 03, 2016	Sep. 05, 2015
Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]
Reclassification associated with Venezuela impairment charges	$ 0		$ 111		$ 0	$ 111
Losses/(gains) on cash flow hedges:
Total before tax	71		6		42	88
Tax amounts	(28)		(3)		(21)	(40)
Net losses after tax	43		3		21	48
Amortization of pension and retiree medical items:
Amortization of prior service credit (a)	(9)		(10)		(26)	(29)
Net actuarial losses	50		65		144	193
Settlement/Curtailment - Reclassifications from AOCI	4		3		10	3
Total before tax	45		58		128	167
Tax amounts	(15)		(18)		(41)	(53)
Net losses after tax	30		40		87	114
Reclassification associated with Venezuela impairment charges - Pension	0		20		0	20
reclassification associated with Venezuela impairment charge, tax amount - Pension	0		(4)		0	(4)
reclassification associated with venezuela impairment charges, net of tax - pension	0		16		0	16
Total net losses reclassified for the period, net of tax	73		170		108	289
Cash Flow Hedges
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	71		6		42	88
Cash Flow Hedges | Foreign exchange contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	(4)	[1]	(17)	[1]	(37)	(61)
Cash Flow Hedges | Foreign exchange contracts | Sales Revenue, Net [Member]
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	1				2	(2)
Cash Flow Hedges | Foreign exchange contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	(5)		(17)		(39)	(59)
Cash Flow Hedges | Interest rate derivatives
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	73	[1]	21	[1]	71	133
Cash Flow Hedges | Interest rate derivatives | Interest Expense
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	73		21		71	133
Cash Flow Hedges | Commodity contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	2	[1]	2	[1]	8	16
Cash Flow Hedges | Commodity contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	1				4	8
Cash Flow Hedges | Commodity contracts | Selling, General and Administrative Expenses
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	$ 1		$ 2		$ 4	$ 8
[1]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains 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	8 Months Ended
	Sep. 05, 2015	Sep. 03, 2016	Sep. 05, 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		$ 10
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax		89		$ 115
Debt Instrument, Fair Value Disclosure		39,000		35,000
Call Option For Indirect Equity Percentage			20.00%
Tingyi Charge	$ 73	$ 373	$ 73
Tingyi Charge per share	$ 0.05
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		$ 1,700		2,100
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount		800
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		37.00%		33.00%
Designated as Hedging Instrument [Member] | Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount		$ 800		$ 1,000
Asia Middle East and North Africa
Derivative Instruments, Gain (Loss) [Line Items]
Tingyi Charge	$ 73	$ (373)	$ 73
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				8 Months Ended
	Sep. 03, 2016		Sep. 05, 2015		Sep. 03, 2016	Sep. 05, 2015	Dec. 26, 2015
Derivatives, Fair Value [Line Items]
Short-term Investments	$ 4,524				$ 4,524		$ 2,913
Prepaid forward contracts	29				29		27
Deferred compensation	470				470		474
Derivatives not designated as hedging instruments:
Total derivatives at fair value	267				267		269
Total Financial Assets at fair value	10,566				10,566		7,847
Derivatives not designated as hedging instruments:
Total derivatives at fair value	513				513		543
Total Financial Liabilities at fair Value	983				983		1,017
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	120		$ 22		24	$ 112
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	22		(13)		54	94
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	71		6		42	88
Derivatives Designated As Fair Value Hedging Instruments Assets
Derivatives designated as fair value hedging instruments:
Interest rate derivatives	159				159		129
Derivatives Designated As Hedging Instruments Assets
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts	35				35		76
Interest rate derivatives	0				0		0
Commodity contracts	1				1		0
Derivatives designated as hedging instruments, Assets, Total	36				36		76
Derivatives Not Designated As Hedging Instruments Assets
Derivatives not designated as hedging instruments:
Foreign exchange contracts	4				4		8
Interest rate derivatives	38				38		44
Commodity contracts	30				30		12
Derivatives not designated as hedging instruments, Assets, Total	72				72		64
Derivatives Designated As Fair Value Hedging Instruments Liabilities
Derivatives designated as fair value hedging instruments:
Interest rate derivatives	5				5		12
Derivatives Designated As Hedging Instruments Liabilities
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts	15				15		6
Interest rate derivatives	344				344		311
Commodity contracts	5				5		7
Derivatives designated as hedging instruments, Liabilities, Total	364				364		324
Derivatives Not Designated As Hedging Instruments Liabilities
Derivatives not designated as hedging instruments:
Foreign exchange contracts	41				41		10
Interest rate derivatives	47				47		56
Commodity contracts	56				56		141
Derivatives not designated as hedging instruments, Liabilities, Total	144				144		207
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	22	[1]	(28)	[1]	60	(12)
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	(31)		(52)		9	(78)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	(4)	[2]	(17)	[2]	(37)	(61)
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	39	[1]	(37)	[1]	(40)	(30)
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	36		35		33	164
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	73	[2]	21	[2]	71	133
Commodity contracts | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	59	[1]	87	[1]	4	154
Commodity contracts | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	9		4		4	8
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	2	[2]	$ 2	[2]	8	16
Net Investment Hedging [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax					0	0
Net Investment Hedging [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	8				8	0
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)					0	$ 0
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	0				0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	9,976				9,976		7,231
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	100				100		127
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	0				0		0
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	0				0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	10,076				10,076		7,358
Cash and Cash Equivalents [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	5,700				5,700		4,500
Short-term Investments [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	4,300				4,300		2,700
Liability [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments	0				0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments	194				194		193
Liability [Member]
Derivatives, Fair Value [Line Items]
Prepaid forward contracts	0				0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Deferred compensation	$ 0				$ 0		$ 0
[1]	Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[2]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains 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				8 Months Ended
	Sep. 03, 2016		Sep. 05, 2015		Sep. 03, 2016	Sep. 05, 2015
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months					$ (10)
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	$ 120		$ 22		24	$ 112
Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	22		(13)		54	94
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	71		6		42	88
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	22	[1]	(28)	[1]	60	(12)
Foreign Exchange Forward [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	(31)		(52)		9	(78)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	(4)	[2]	(17)	[2]	(37)	(61)
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	39	[1]	(37)	[1]	(40)	(30)
Interest Rate Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	36		35		33	164
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	73	[2]	21	[2]	71	133
Commodity Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	59	[1]	87	[1]	4	154
Commodity Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	9		4		4	8
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	2	[2]	$ 2	[2]	8	16
Net Investment Hedging [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)					0	0
Net Investment Hedging [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	$ 8				8	0
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)					$ 0	$ 0
[1]	Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[2]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains 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	8 Months Ended
	Sep. 03, 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				8 Months Ended
	Sep. 03, 2016		Sep. 05, 2015		Sep. 03, 2016	Sep. 05, 2015
Earnings Per Share [Abstract]
Net income attributable to PepsiCo	$ 1,992		$ 533		$ 4,928	$ 3,734
Preferred Stock Dividends and Other Adjustments			(1)		0	(1)
Preferred Stock [Abstract]
Redemption premium	(1)		(1)		(3)	(3)
Net income available for PepsiCo common shareholders - Value	$ 1,991		$ 531		$ 4,925	$ 3,730
Net income available for PepsiCo common shareholders - Shares	1,438	[1]	1,467	[1]	1,443	1,475
Basic net income attributable to PepsiCo per common share (in dollars per share)	$ 1.38		$ 0.36		$ 3.41	$ 2.53
Dilutive Securities [Abstract]
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities	$ 0		$ 1		$ 0	$ 1
Stock options and RSUs - Shares	13	[1],[2]	15	[1],[2]	12	16
ESOP convertible preferred stock - Value	$ 1		$ 1		$ 3	$ 3
ESOP convertible preferred stock - Shares	1	[1]	1	[1]	1	1
Diluted shares - Value	$ 1,992		$ 533		$ 4,928	$ 3,734
Diluted shares - Shares	1,452	[1]	1,483	[1]	1,456	1,492
Diluted net income attributable to PepsiCo per common share (in dollars per share)	$ 1.37		$ 0.36		$ 3.39	$ 2.50
Venezuela impairment charges	$ 0		$ 1,359		$ 0	$ 1,359
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			1.5		1	1.6
Out-of-the-money options average exercise price			$ 99.25		$ 98.99	$ 99.25
[1]	Weighted-average common shares outstanding (in millions).
[2]	Weighted-average common shares outstanding (in millions).(b)Net income attributable to PepsiCo for the 12 and 36 weeks ended September 5, 2015 included an after-tax charge of $1.4 billion related to our change in accounting for our investments in our wh