PepsiCo (PEP) 10-Q 26 Apr 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 25, 2017	Apr. 19, 2017
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 25, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	PEP
Entity Registrant Name	PEPSICO INC
Entity Central Index Key	77,476
Current Fiscal Year End Date	--12-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,428,501,223

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 25, 2017	Mar. 19, 2016
Net Revenue		$ 12,049	$ 11,862
Cost of sales		5,286	5,151
Gross Profit		6,763	6,711
Selling, general and administrative expenses		4,817	5,078
Amortization of intangible assets		13	14
Operating Profit		1,933	1,619
Interest expense		(252)	(246)
Interest income and other		40	14
Income before income taxes		1,721	1,387
Provision for income taxes		392	442
Net income		1,329	945
Less: Net income attributable to noncontrolling interests		11	14
Net Income (Loss) Attributable to Parent		$ 1,318	$ 931
Net Income Attributable to PepsiCo per Common Share
Basic		$ 0.92	$ 0.64
Diluted net income attributable to PepsiCo per common share (in dollars per share)		$ 0.91	$ 0.64
Weighted-average common shares outstanding
Basic	[1]	1,428	1,446
Diluted	[1]	1,440	1,459
Cash dividends declared per common share		$ 0.7525	$ 0.7025
[1]	Weighted-average common shares outstanding (in millions)

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 1,329	$ 945
Other Comprehensive Loss
Currency translation adjustment, pre-tax amount	512	(220)
Currency translation adjustment, tax amounts	4	0
Currency translation adjustment, after-tax amounts	516	(220)
Cash flow hedges:
Reclassification of net gains to net income, pre-tax amounts	(33)	(21)
Reclassification of net gains to net income, tax amounts	11	5
Net gains after tax	(22)	(16)
Net derivative gains/(losses), pre-tax amounts	(3)	0
Net derivative gains/(losses), tax amounts	(2)	(1)
Net derivative gains/(losses), after-tax amounts	(5)	(1)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax [Abstract]
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	9	(12)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	(5)	7
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	4	(5)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), Tax	(9)	(12)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), Net of Tax	(10)	(33)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	28	37
Net losses after tax	19	25
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax	(14)	15
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	4	(48)
Comprehensive income attributable to noncontrolling interests	(10)	(14)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	1,821	681
Other Comprehensive Income (Loss), before Tax	499	(201)
Other Comprehensive Income (Loss), Tax	3	(49)
Other Comprehensive Income (Loss), Net of Tax	502	(250)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 1,831	$ 695

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016
Operating Activities
Net income	$ 1,329	$ 945
Depreciation and amortization	477	481
Share-based compensation expense	72	69
Restructuring and impairment charges	27	30
Cash payments for restructuring charges	(7)	(30)
Charge related to transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)	0	373
Pension and retiree medical plan expenses	44	60
Pension and retiree medical plan contributions	(79)	(93)
Deferred income taxes and other tax charges and credits	129	19
Accounts and notes receivable	(128)	(349)
Inventories	(513)	(530)
Prepaid expenses and other current assets	(299)	(255)
Accounts payable and other current liabilities	(1,386)	(661)
Income taxes payable	172	318
Other, net	(37)	(72)
Net Cash Provided by Operating Activities	(199)	305
Investing Activities
Capital spending	(317)	(389)
Sales of property, plant and equipment	12	25
Acquisitions and investments in noncontrolled affiliates	(36)	0
Divestitures	41	55
More than three months - purchases	(3,436)	(2,556)
More than three months - maturities	3,866	1,446
More than three months - sales	138	0
Three months or less, net	0	7
Other investing, net	1	0
Net Cash Provided by/(Used for) Investing Activities	269	(1,412)
Financing Activities
Proceeds from issuances of long-term debt	0	2,532
Payments of long-term debt	(752)	(1,251)
Short-term borrowings, by original maturity
More than three months - proceeds	28	0
More than three months - payments	0	(9)
Three months or less, net	2,396	480
Cash dividends paid	(1,098)	(1,038)
Share repurchases - common	(444)	(619)
Share repurchases - preferred	(1)	(2)
Proceeds from exercises of stock options	245	165
Withholding tax payments on RSUs, PSUs and PEPunits converted	(116)	(99)
Other financing	(1)	(2)
Net Cash Provided by/(Used for) Financing Activities	257	157
Effect of exchange rate changes on cash and cash equivalents	43	(22)
Net (Decrease)/Increase in Cash and Cash Equivalents	370	(972)
Cash and Cash Equivalents, Beginning of Year	9,158	9,096
Cash and Cash Equivalents, End of Period	$ 9,528	$ 8,124

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 25, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 9,528	$ 9,158
Short-term investments	6,461	6,967
Accounts and notes receivable, less allowance: 3/17 - $139 and 12/16 - $134	6,848	6,694
Inventories
Raw materials and packaging	1,429	1,315
Work-in-process	220	150
Finished goods	1,633	1,258
Inventory, Net, Total	3,282	2,723
Prepaid expenses and other current assets	1,031	908
Total Current Assets	27,150	26,450
Property, Plant and Equipment	37,373	36,818
Accumulated Depreciation	(20,724)	(20,227)
Property, Plant and Equipment, Net, Total	16,649	16,591
Amortizable Intangible Assets, net	1,259	1,237
Goodwill	14,584	14,430
Other Nonamortizable Intangible Assets	12,338	12,196
Nonamortizable Intangible Assets	26,922	26,626
Investments in Noncontrolled Affiliates	2,003	1,950
Other Assets	639	636
Total Assets	74,622	73,490
Current Liabilities
Short-term debt obligations	8,577	6,892
Accounts payable and other current liabilities	13,067	14,243
Total Current Liabilities	21,644	21,135
Long-term Debt Obligations	30,081	30,053
Other Liabilities	6,693	6,669
Deferred Income Taxes	4,521	4,434
Total Liabilities	62,939	62,291
Preferred Stock, no par value	41	41
PepsiCo Common Shareholders' Equity
Capital in excess of par value	3,857	4,091
Retained earnings	52,756	52,518
Accumulated other comprehensive loss	(13,416)	(13,919)
Total PepsiCo Common Shareholders’ Equity	11,722	11,246
Common stock, par value 12/3¢ per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,430 and 1,428 shares, respectively)	24	24
Stockholders' Equity Attributable to Noncontrolling Interest	114	104
Total Equity	11,683	11,199
Total Liabilities and Equity	74,622	73,490
Preferred Stock
Current Liabilities
Preferred Stock, no par value	41
Repurchased Common Stock, in excess of par value (436 and 438 shares, respectively)
PepsiCo Common Shareholders' Equity
Total PepsiCo Common Shareholders’ Equity	31,499	31,468
Redeemable Preferred Stock [Member] | Preferred Stock
PepsiCo Common Shareholders' Equity
Total PepsiCo Common Shareholders’ Equity	$ 194	$ 192

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 25, 2017	Dec. 31, 2016
Accounts and notes receivable, allowance	$ 139	$ 134
Preferred Stock, no par value
Common stock, Par value	$ 0.0167	$ 0.0167
Common stock, Authorized	3,600	3,600
Common stock, Issued	1,430	1,428
Repurchased common stock, shares	436	438

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)	Repurchased Common Stock	Noncontrolling Interests	Redeemable Preferred Stock [Member]Preferred Stock
Preferred Stock, Shares Issued										(0.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent			$ 24		$ 4,076	$ 50,472	$ (13,319)	$ (29,185)		$ (186)
Stockholders' Equity Attributable to Noncontrolling Interest									$ 107
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							(250)
Shares issued, beginning of year at Dec. 26, 2015								(418)
Shares issued, end of period at Mar. 19, 2016								(420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions, shares										0
Redemptions										$ (1)
Balance, beginning of year, shares at Dec. 26, 2015			1,448
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares			(2)					(7)
Stock Repurchased During Period, Value								$ (664)
Stock option exercises, shares								5
Stock option exercises, RSUs, PSUs and PEPunits converted								$ 360
Adjustments Related to Tax Withholding for Share-based Compensation					(99)
Other (in shares)								0
Other								$ 2	(1)
Share-based compensation expense					70
Stock Options Exercises RSUs PSUS Pepunits Converted					(139)
Other					(2)
Net income attributable to PepsiCo	$ 931					931
Cash dividends declared - common						(1,020)
Net income attributable to noncontrolling interests	14								14
Balance, end of year, shares at Mar. 19, 2016			1,446
Balance, end of period at Mar. 19, 2016	11,231
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises/RSUs converted, tax benefits	53
Preferred Stock, Shares Issued		0.8								(0.7)
Preferred Stock, Value, Issued		$ 41
Stockholders' Equity Attributable to Parent			$ 24	$ 11,257	3,906	50,383	(13,569)	(29,487)		$ (187)
Stockholders' Equity Attributable to Noncontrolling Interest									120
Preferred Stock, Shares Issued										(0.7)
Preferred Stock, Value, Issued	41
Stockholders' Equity Attributable to Parent	(11,246)		$ 24		4,091	52,518	(13,919)	$ (31,468)		$ (192)
Stockholders' Equity Attributable to Noncontrolling Interest	104								104
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							503
Shares issued, beginning of year at Dec. 31, 2016								(438)
Shares issued, end of period at Mar. 25, 2017								(436)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions, shares										0
Redemptions										$ (2)
Balance, beginning of year, shares at Dec. 31, 2016			1,428
Balance, beginning of year at Dec. 31, 2016	11,199
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares			2					(4)
Stock Repurchased During Period, Value								$ (477)
Stock option exercises, shares								6
Stock option exercises, RSUs, PSUs and PEPunits converted								$ 446
Adjustments Related to Tax Withholding for Share-based Compensation					(116)
Other (in shares)								0
Share-based compensation expense					73
Stock Options Exercises RSUs PSUS Pepunits Converted					(191)
Net income attributable to PepsiCo	1,318					1,318
Cash dividends declared - common						(1,080)
Net income attributable to noncontrolling interests	11								11
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax									(1)
Balance, end of year, shares at Mar. 25, 2017			1,430
Balance, end of period at Mar. 25, 2017	11,683
Preferred Stock, Shares Issued		0.8								(0.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred Stock, Value, Issued	41	$ 41
Stockholders' Equity Attributable to Parent	(11,722)		$ 24	$ 11,722	$ 3,857	$ 52,756	$ (13,416)	$ (31,499)		$ (194)
Stockholders' Equity Attributable to Noncontrolling Interest	$ 114								$ 114

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation and Our Divisions
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation When used in this report, the terms “we,” “us,” “our,” “PepsiCo” and the “Company” mean PepsiCo, Inc. and its consolidated subsidiaries, collectively. Our Condensed Consolidated Balance Sheet as of March 25, 2017 and Condensed Consolidated Statements of Income, Comprehensive Income, Cash Flows and Equity for the 12 weeks ended March 25, 2017 and March 19, 2016 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 31, 2016 . This report should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 . In our opinion, these financial statements include all normal and recurring adjustments necessary for a fair presentation. The results for the 12 weeks ended March 25, 2017 are not necessarily indicative of the results expected for the full year. 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 January and February are reflected in our first quarter results. Our significant interim accounting policies include the recognition of a pro rata share of certain estimated annual sales incentives and certain advertising and marketing costs in proportion to revenue or volume, as applicable, and the recognition of income taxes using an estimated annual effective tax rate. Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw materials handling facilities, are included in cost of sales. The costs of moving, storing and delivering finished product are included in selling, general and administrative expenses. The following information is unaudited. Unless otherwise noted, 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 financial statements to reflect the adoption of the recently issued accounting pronouncements disclosed in Note 2.

Basis of Presentation and Our D

Basis of Presentation and Our Divisions Our Divisions (Notes)	3 Months Ended
	Mar. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Our Divisions We are organized into six reportable segments (also referred to as divisions), as follows: 1) Frito-Lay North America (FLNA), which includes our branded food and snack businesses in the United States and Canada; 2) Quaker Foods North America (QFNA), which includes our cereal, rice, pasta and other branded food businesses in the United States and Canada; 3) North America Beverages (NAB), which includes our beverage businesses in the United States and Canada; 4) Latin America, which includes all of our beverage, food and snack businesses in Latin America; 5) Europe Sub-Saharan Africa (ESSA), which includes all of our beverage, food and snack businesses in Europe and Sub-Saharan Africa; and 6) Asia, Middle East and North Africa (AMENA), which includes all of our beverage, food and snack businesses in Asia, Middle East and North Africa. Net revenue and operating profit/(loss) of each division are as follows: 12 Weeks Ended Net Revenue Operating Profit/(Loss) 3/25/2017 3/19/2016 3/25/2017 3/19/2016 FLNA $ 3,499 $ 3,418 $ 1,060 $ 1,018 QFNA 598 617 164 166 NAB 4,460 4,361 505 485 Latin America 1,077 1,042 132 175 ESSA 1,445 1,359 102 67 AMENA (a) 970 1,065 171 (148 ) Total division 12,049 11,862 2,134 1,763 Corporate Unallocated — — (201 ) (144 ) $ 12,049 $ 11,862 $ 1,933 $ 1,619 (a) Operating loss for AMENA for the 12 weeks ended March 19, 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. Total assets of each division are as follows: Total Assets 3/25/2017 12/31/2016 FLNA $ 5,684 $ 5,731 QFNA 834 811 NAB 29,016 28,172 Latin America 4,732 4,568 ESSA 12,553 12,302 AMENA 5,473 5,261 Total division 58,292 56,845 Corporate (a) 16,330 16,645 $ 74,622 $ 73,490 (a) Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and tax assets.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 25, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements Adopted In 2016, the Financial Accounting Standards Board (FASB) issued guidance that changes the accounting for certain aspects of share-based payments to employees. We adopted the provisions of this guidance during our first quarter of 2017, resulting in the following impacts to our financial statements: • Income tax effects of vested or settled awards are recognized in the provision for income taxes on our income statement on a prospective basis. Previously, these tax effects were recorded on our equity statement in capital in excess of par value. Our excess tax benefits were $60 million for the 12 weeks ended March 25, 2017, resulting in a $0.04 increase to diluted net income attributable to PepsiCo per common share. For the 12 weeks ended March 19, 2016, our excess tax benefits recognized were $53 million . If we had applied this standard in 2016, the impact would have been a $0.04 increase to diluted net income attributable to PepsiCo per common share for the 12 weeks ended March 19, 2016. The ongoing impact on our financial statements is dependent on the timing of award vesting or exercises, our tax rate and the intrinsic value when awards vest or are exercised. • Excess tax benefits are retrospectively presented within operating activities and withholding tax payments upon vesting of restricted stock units (RSUs), performance stock units (PSUs) and PepsiCo equity performance units (PEPunits) are retrospectively presented within financing activities in the cash flow statement. The adoption resulted in an increase of $204 million and $174 million in our operating cash flow with a corresponding decrease in our financing cash flow for the 12 weeks ended March 25, 2017 and March 19, 2016, respectively. 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. Our accounting treatment for outstanding awards was not impacted by our adoption of this provision. In addition, the guidance allows for a policy election to account for forfeitures as they occur. We will continue to apply our policy of estimating forfeitures as they occur. In 2016, the FASB issued guidance that eliminates the requirement that an investor retrospectively apply equity method accounting for an investment originally accounted for by another 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 investor’s ability to exercise significant influence over the investment is achieved. We adopted the provisions of this guidance prospectively during our first quarter of 2017; the adoption did not impact 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. We adopted the provisions of this guidance retrospectively during our first quarter of 2017, resulting in the reclassification of $639 million of deferred taxes from current to non-current on our balance sheet as of December 31, 2016. Not Yet Adopted In 2017, the FASB issued guidance that requires companies to retrospectively present the service cost component of net periodic benefit cost for pension and retiree medical plans along with other compensation costs in operating profit and present the other components of net periodic benefit cost below operating profit in the income statement. The guidance also allows only the service cost component of net periodic benefit cost to be eligible for capitalization within inventory or fixed assets on a prospective basis. The guidance is effective beginning in 2018 and we will adopt in the first quarter of 2018. We are currently evaluating the impact of this guidance on our financial statements. See Note 7 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and Note 7 for further information on our service cost and other components of net periodic benefit cost for pension and retiree medical plans. In 2016, the FASB issued guidance to clarify how restricted cash should be presented in the cash flow statement. The guidance is effective beginning 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 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 beginning 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 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 beginning in 2019 with early adoption permitted. We are currently evaluating the impact of this guidance on our financial statements and the timing of adoption. This adoption will result in an increase in the assets and liabilities on our balance sheet. We commenced our assessment of the impact of the guidance on our current lease portfolio from both a lessor and lessee perspective. See Note 13 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 for our minimum lease payments under non-cancelable operating leases. 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 beginning in 2018. Since early adoption is not permitted, we will adopt the guidance in the first quarter of 2018. We are currently evaluating the impact of this guidance on our financial statements, including the impact on certain of our investments in noncontrolled affiliates and our available-for-sale securities. We are evaluating opportunities to reduce the risk and volatility of these investments in the future. See Note 9 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and Note 10 for further information on our available-for-sale securities. In 2014, the FASB issued guidance on revenue recognition, with final amendments issued in 2016. The guidance provides for a five-step model to determine the revenue recognized for the transfer of goods or services to customers that reflects the expected entitled consideration in exchange for those goods or services. It also provides clarification for principal versus agent considerations and identifying performance obligations. 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. Financial statement disclosures required under the guidance will enable users to understand the nature, amount, timing, judgments and uncertainty of revenue and cash flows relating to customer contracts. The two permitted transition methods under the guidance are the full retrospective approach or a cumulative effect adjustment to the opening retained earnings in the year of adoption (cumulative effect approach). The guidance is effective beginning in 2018, with early adoption permitted. We are utilizing a comprehensive approach to assess the impact of the guidance on our contract portfolio by reviewing our current accounting policies and practices to identify potential differences that would result from applying the new requirements to our revenue contracts, including evaluation of our performance obligations, principal versus agent considerations and variable consideration. We continue to make significant progress on our contract reviews and are also in the process of evaluating the impact, if any, on changes to our business processes, systems and controls to support recognition and disclosure under the new guidance. Based on the foregoing, we do not currently expect this guidance to have a material impact on our financial statements. We are continuing with our implementation plan and currently expect to adopt the new guidance beginning in 2018 using the cumulative effect approach.

Restructuring, Impairment and I

Restructuring, Impairment and Integration Charges	3 Months Ended
	Mar. 25, 2017
Restructuring and Related Activities [Abstract]
Restructuring, Impairment and Integration Charges	Restructuring and Impairment Charges We publicly announced a multi-year productivity plan on February 13, 2014 (2014 Productivity Plan) that 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. In the 12 weeks ended March 25, 2017 , we incurred pre- and after-tax restructuring charges of $27 million ( $0.02 per share) in conjunction with our 2014 Productivity Plan. Additionally, we incurred $30 million ( $25 million after-tax or $0.02 per share) in the 12 weeks ended March 19, 2016 . All of these net charges were recorded in selling, general and administrative expenses and primarily relate to severance and other employee-related costs, asset impairments (all non-cash) and other costs associated with the implementation of our initiatives, including contract termination costs. Substantially all of the restructuring accrual at March 25, 2017 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 3/25/2017 3/19/2016 Severance and Other Asset Impairments Other Costs Total Severance and Other Asset Impairments Other Costs Total FLNA (a) $ 1 $ — $ — $ 1 $ (4 ) $ — $ — $ (4 ) QFNA — — — — — — — — NAB — — 2 2 7 — — 7 Latin America 12 11 1 24 — — — — ESSA 4 — — 4 1 9 9 19 AMENA (b) — — (6 ) (6 ) 3 2 — 5 Corporate 1 — 1 2 1 — 2 3 $ 18 $ 11 $ (2 ) $ 27 $ 8 $ 11 $ 11 $ 30 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. (b) Income amount primarily reflects a gain on the sale of property, plant and equipment. Since the inception of the 2014 Productivity Plan, we incurred restructuring charges of $766 million : 2014 Productivity Plan Costs to Date Severance and Other Employee Costs Asset Impairments Other Costs Total FLNA $ 65 $ 9 $ 23 $ 97 QFNA 15 — 6 21 NAB 97 68 84 249 Latin America 64 24 25 113 ESSA 85 37 56 178 AMENA 21 6 14 41 Corporate 18 — 49 67 $ 365 $ 144 $ 257 $ 766 A summary of our 2014 Productivity Plan activity for the 12 weeks ended March 25, 2017 is as follows: Severance and Other Employee Costs Asset Impairments Other Costs Total Liability as of December 31, 2016 $ 88 $ — $ 8 $ 96 2017 restructuring charges 18 11 (2 ) 27 Cash payments (5 ) — (2 ) (7 ) Non-cash charges and translation (1 ) (11 ) 6 (6 ) Liability as of March 25, 2017 $ 100 $ — $ 10 $ 110 There were no material charges related to other productivity and efficiency initiatives outside the scope of the 2014 Productivity Plan. We regularly evaluate different productivity initiatives beyond the 2014 Productivity Plan discussed above. See additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 25, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets A summary of our amortizable intangible assets is as follows: 3/25/2017 12/31/2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 830 $ (113 ) $ 717 $ 827 $ (108 ) $ 719 Reacquired franchise rights 105 (102 ) 3 106 (102 ) 4 Brands 1,288 (990 ) 298 1,277 (977 ) 300 Other identifiable intangibles 541 (300 ) 241 522 (308 ) 214 $ 2,764 $ (1,505 ) $ 1,259 $ 2,732 $ (1,495 ) $ 1,237 The change in the book value of nonamortizable intangible assets is as follows: Balance 12/31/2016 Translation Balance 3/25/2017 FLNA Goodwill $ 270 $ 2 $ 272 Brands 23 — 23 293 2 295 QFNA Goodwill 175 — 175 NAB Goodwill 9,843 5 9,848 Reacquired franchise rights 7,064 8 7,072 Acquired franchise rights 1,512 1 1,513 Brands 314 — 314 18,733 14 18,747 Latin America Goodwill 553 16 569 Brands 150 6 156 703 22 725 ESSA Goodwill 3,177 110 3,287 Reacquired franchise rights 488 14 502 Acquired franchise rights 184 1 185 Brands 2,358 105 2,463 6,207 230 6,437 AMENA Goodwill 412 21 433 Brands 103 7 110 515 28 543 Total goodwill 14,430 154 14,584 Total reacquired franchise rights 7,552 22 7,574 Total acquired franchise rights 1,696 2 1,698 Total brands 2,948 118 3,066 $ 26,626 $ 296 $ 26,922

Income Taxes

Income Taxes	3 Months Ended
	Mar. 25, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes A rollforward of our reserves for all federal, state and foreign tax jurisdictions is as follows: 3/25/2017 12/31/2016 Balance, beginning of year $ 1,885 $ 1,547 Additions for tax positions related to the current year 57 349 Additions for tax positions from prior years 6 139 Reductions for tax positions from prior years (2 ) (70 ) Settlement payments (2 ) (26 ) Statutes of limitations expiration (6 ) (27 ) Translation and other 13 (27 ) Balance, end of period $ 1,951 $ 1,885

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 25, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Share-Based Compensation The following table summarizes our total share-based compensation expense: 12 Weeks Ended 3/25/2017 3/19/2016 Share-based compensation expense - equity awards $ 72 $ 69 Share-based compensation expense - liability awards 4 2 Restructuring and impairment charges 1 1 Total $ 77 $ 72 The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan: 12 Weeks Ended 3/25/2017 3/19/2016 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.3 $ 109.75 1.5 $ 98.75 RSUs and PSUs 2.7 $ 109.75 2.9 $ 98.74 (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 $19 million and $16 million during the 12 weeks ended March 25, 2017 and March 19, 2016 , respectively. Our weighted-average Black-Scholes fair value assumptions are as follows: 12 Weeks Ended 3/25/2017 3/19/2016 Expected life 5 years 6 years Risk-free interest rate 2.0 % 1.5 % Expected volatility 11 % 12 % Expected dividend yield 2.7 % 2.7 %

Pension and Retiree Medical Ben

Pension and Retiree Medical Benefits	3 Months Ended
	Mar. 25, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Retiree Medical Benefits	Pension and Retiree Medical Benefits Effective January 1, 2017, the U.S. qualified defined benefit pension plans were reorganized into the PepsiCo Employees Retirement Plan A, or active plan, and the PepsiCo Employees Retirement Plan I, or inactive plan. Actuarial gains and losses associated with the active plan are amortized over the average remaining service life of the active participants (approximately 11 years beginning in 2017), while the actuarial gains and losses associated with the inactive plan are amortized over the remaining life expectancy of the inactive participants (approximately 27 years beginning in 2017). The pre-tax reduction in net periodic benefit cost associated with this change was $10 million ( $6 million after-tax with a nominal amount per share) in the first quarter of 2017 and will approximate $40 million in 2017, primarily impacting corporate unallocated . The components of net periodic benefit cost for pension and retiree medical plans are as follows: 12 Weeks Ended Pension Retiree Medical 3/25/2017 3/19/2016 3/25/2017 3/19/2016 3/25/2017 3/19/2016 U.S. International Service cost $ 93 $ 91 $ 16 $ 15 $ 6 $ 7 Interest cost 108 111 15 18 9 9 Expected return on plan assets (196 ) (192 ) (30 ) (31 ) (5 ) (5 ) Amortization of prior service credits — — — — (6 ) (9 ) Amortization of net losses/(gains) 28 38 9 8 (3 ) — 33 48 10 10 1 2 Special termination benefits 1 — — — — — Total expense $ 34 $ 48 $ 10 $ 10 $ 1 $ 2 There were no discretionary contributions made in the first quarter of 2017. During the first quarter of 2016, we made discretionary contributions of $7 million to our international pension plans. We regularly evaluate different opportunities to reduce risk and volatility associated with our pension and retiree medical plans.

Debt Obligations and Commitment

Debt Obligations and Commitments	3 Months Ended
	Mar. 25, 2017
Debt Obligations and Commitments [Abstract]
Debt Obligations and Commitments	Debt Obligations In the 12 weeks ended March 25, 2017 , $0.8 billion of senior notes matured and were paid. As of March 25, 2017 , we had $4.5 billion of commercial paper outstanding.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 25, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments 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. There have been no material changes during the 12 weeks ended March 25, 2017 with respect to our risk management policies or strategies and valuation techniques used in measuring the fair value of the financial assets or liabilities disclosed in Note 9 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016. The notional amounts of our financial instruments used to hedge the above risks as of March 25, 2017 and December 31, 2016 are as follows: Notional Amounts (a) 3/25/2017 12/31/2016 Foreign exchange $ 1.6 $ 1.6 Interest rate $ 11.2 $ 11.2 Commodity $ 0.9 $ 0.8 Net investment $ 0.8 $ 0.8 (a) In billions. Ineffectiveness for all derivatives and non-derivatives that qualify for hedge accounting treatment was not material for all periods presented. As of March 25, 2017 , approximately 42% of total debt, after the impact of the related interest rate derivative instruments, was subject to variable rates, compared to approximately 38% as of December 31, 2016 . Fair Value Measurements The fair values of our financial assets and liabilities as of March 25, 2017 and December 31, 2016 are categorized as follows: 3/25/2017 12/31/2016 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ 93 $ — $ 82 $ — Debt securities (c) 11,964 — 11,369 — $ 12,057 $ — $ 11,451 $ — Short-term investments (d) $ 202 $ — $ 193 $ — Prepaid forward contracts (e) $ 27 $ — $ 25 $ — Deferred compensation (f) $ — $ 483 $ — $ 472 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 54 $ 81 $ 66 $ 71 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 30 $ 16 $ 51 $ 8 Interest rate (h) — 389 — 408 Commodity (i) 1 1 2 1 $ 31 $ 406 $ 53 $ 417 Derivatives not designated as hedging instruments: Foreign exchange (h) $ — $ 9 $ 2 $ 15 Commodity (i) 54 32 61 26 $ 54 $ 41 $ 63 $ 41 Total derivatives at fair value ( j ) $ 139 $ 528 $ 182 $ 529 Total $ 12,425 $ 1,011 $ 11,851 $ 1,001 (a) Unless otherwise noted, financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our 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. The pre-tax unrealized gains on our investments in marketable equity securities were $83 million and $72 million as of March 25, 2017 and December 31, 2016 , respectively. (c) Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of March 25, 2017 , $5.7 billion and $6.3 billion of debt securities were classified as cash equivalents and short-term investments, respectively. As of December 31, 2016 , $4.6 billion and $6.8 billion of debt securities were classified as cash equivalents and short-term investments, respectively. Unrealized gains and losses on our investments in debt securities as of March 25, 2017 and December 31, 2016 were not material. 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. (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 balance sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the balance sheet as of March 25, 2017 and December 31, 2016 were not material. Collateral received against any of our asset positions was not material. The carrying amounts of our cash equivalents and short-term investments approximate fair value due to their short-term maturity. The fair value of our debt obligations as of March 25, 2017 and December 31, 2016 was $40 billion and $38 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) 3/25/2017 3/19/2016 3/25/2017 3/19/2016 3/25/2017 3/19/2016 Foreign exchange $ (5 ) $ 33 $ 20 $ 16 $ (5 ) $ (21 ) Interest rate 22 (69 ) (19 ) (16 ) (30 ) (3 ) Commodity 3 4 2 — 2 3 Net investment — — 18 — — — Total $ 20 $ (32 ) $ 21 $ — $ (33 ) $ (21 ) (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 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 $4 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months. 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 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 on our income statement 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 March 25, 2017 . We continue to monitor the impact of economic and other developments on the remaining value of our investment in TAB. See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Net Income Attributable to Peps

Net Income Attributable to PepsiCo per Common Share	3 Months Ended
	Mar. 25, 2017
Earnings Per Share [Abstract]
Net Income Attributable to PepsiCo per Common Share	Net Income Attributable to PepsiCo per Common Share The computations of basic and diluted net income attributable to PepsiCo per common share are as follows: 12 Weeks Ended 3/25/2017 3/19/2016 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 1,318 $ 931 Preferred shares: Redemption premium (2 ) (1 ) Net income available for PepsiCo common shareholders $ 1,316 1,428 $ 930 1,446 Basic net income attributable to PepsiCo per common share $ 0.92 $ 0.64 Net income available for PepsiCo common shareholders $ 1,316 1,428 $ 930 1,446 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other — 11 — 12 Employee stock ownership plan (ESOP) convertible preferred stock 2 1 1 1 Diluted $ 1,318 1,440 $ 931 1,459 Diluted net income attributable to PepsiCo per common share $ 0.91 $ 0.64 (a) Weighted-average common shares outstanding (in millions). Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows: 12 Weeks Ended 3/25/2017 3/19/2016 Out-of-the-money options (a) 1.4 2.9 Average exercise price per option $ 109.69 $ 98.99 (a) In millions.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Segment Reporting Information, By Segment	Net revenue and operating profit/(loss) of each division are as follows: 12 Weeks Ended Net Revenue Operating Profit/(Loss) 3/25/2017 3/19/2016 3/25/2017 3/19/2016 FLNA $ 3,499 $ 3,418 $ 1,060 $ 1,018 QFNA 598 617 164 166 NAB 4,460 4,361 505 485 Latin America 1,077 1,042 132 175 ESSA 1,445 1,359 102 67 AMENA (a) 970 1,065 171 (148 ) Total division 12,049 11,862 2,134 1,763 Corporate Unallocated — — (201 ) (144 ) $ 12,049 $ 11,862 $ 1,933 $ 1,619 (a) Operating loss for AMENA for the 12 weeks ended March 19, 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. Total assets of each division are as follows: Total Assets 3/25/2017 12/31/2016 FLNA $ 5,684 $ 5,731 QFNA 834 811 NAB 29,016 28,172 Latin America 4,732 4,568 ESSA 12,553 12,302 AMENA 5,473 5,261 Total division 58,292 56,845 Corporate (a) 16,330 16,645 $ 74,622 $ 73,490 (a) Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and tax assets.

Restructuring, Impairment and20

Restructuring, Impairment and Integration Charges Restructuring, Impairment and Integration Charges (Tables)	3 Months Ended
	Mar. 25, 2017
Restructuring Cost and Reserve [Line Items]
Summary Of 2014 Productivity Plan Activity [Table Text Block]	12 Weeks Ended 3/25/2017 3/19/2016 Severance and Other Asset Impairments Other Costs Total Severance and Other Asset Impairments Other Costs Total FLNA (a) $ 1 $ — $ — $ 1 $ (4 ) $ — $ — $ (4 ) QFNA — — — — — — — — NAB — — 2 2 7 — — 7 Latin America 12 11 1 24 — — — — ESSA 4 — — 4 1 9 9 19 AMENA (b) — — (6 ) (6 ) 3 2 — 5 Corporate 1 — 1 2 1 — 2 3 $ 18 $ 11 $ (2 ) $ 27 $ 8 $ 11 $ 11 $ 30 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. (b) Income amount primarily reflects a gain on the sale of property, plant and equipment. Since the inception of the 2014 Productivity Plan, we incurred restructuring charges of $766 million : 2014 Productivity Plan Costs to Date Severance and Other Employee Costs Asset Impairments Other Costs Total FLNA $ 65 $ 9 $ 23 $ 97 QFNA 15 — 6 21 NAB 97 68 84 249 Latin America 64 24 25 113 ESSA 85 37 56 178 AMENA 21 6 14 41 Corporate 18 — 49 67 $ 365 $ 144 $ 257 $ 766 A summary of our 2014 Productivity Plan activity for the 12 weeks ended March 25, 2017 is as follows: Severance and Other Employee Costs Asset Impairments Other Costs Total Liability as of December 31, 2016 $ 88 $ — $ 8 $ 96 2017 restructuring charges 18 11 (2 ) 27 Cash payments (5 ) — (2 ) (7 ) Non-cash charges and translation (1 ) (11 ) 6 (6 ) Liability as of March 25, 2017 $ 100 $ — $ 10 $ 110

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 25, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of our amortizable intangible assets is as follows: 3/25/2017 12/31/2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 830 $ (113 ) $ 717 $ 827 $ (108 ) $ 719 Reacquired franchise rights 105 (102 ) 3 106 (102 ) 4 Brands 1,288 (990 ) 298 1,277 (977 ) 300 Other identifiable intangibles 541 (300 ) 241 522 (308 ) 214 $ 2,764 $ (1,505 ) $ 1,259 $ 2,732 $ (1,495 ) $ 1,237
Schedule Of Change In Book Value Of Nonamortizable Intangible Assets	The change in the book value of nonamortizable intangible assets is as follows: Balance 12/31/2016 Translation Balance 3/25/2017 FLNA Goodwill $ 270 $ 2 $ 272 Brands 23 — 23 293 2 295 QFNA Goodwill 175 — 175 NAB Goodwill 9,843 5 9,848 Reacquired franchise rights 7,064 8 7,072 Acquired franchise rights 1,512 1 1,513 Brands 314 — 314 18,733 14 18,747 Latin America Goodwill 553 16 569 Brands 150 6 156 703 22 725 ESSA Goodwill 3,177 110 3,287 Reacquired franchise rights 488 14 502 Acquired franchise rights 184 1 185 Brands 2,358 105 2,463 6,207 230 6,437 AMENA Goodwill 412 21 433 Brands 103 7 110 515 28 543 Total goodwill 14,430 154 14,584 Total reacquired franchise rights 7,552 22 7,574 Total acquired franchise rights 1,696 2 1,698 Total brands 2,948 118 3,066 $ 26,626 $ 296 $ 26,922

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 25, 2017
Income Tax Disclosure [Abstract]
Reserves Rollforward	A rollforward of our reserves for all federal, state and foreign tax jurisdictions is as follows: 3/25/2017 12/31/2016 Balance, beginning of year $ 1,885 $ 1,547 Additions for tax positions related to the current year 57 349 Additions for tax positions from prior years 6 139 Reductions for tax positions from prior years (2 ) (70 ) Settlement payments (2 ) (26 ) Statutes of limitations expiration (6 ) (27 ) Translation and other 13 (27 ) Balance, end of period $ 1,951 $ 1,885

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 25, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following table summarizes our total share-based compensation expense: 12 Weeks Ended 3/25/2017 3/19/2016 Share-based compensation expense - equity awards $ 72 $ 69 Share-based compensation expense - liability awards 4 2 Restructuring and impairment charges 1 1 Total $ 77 $ 72
Schedule of Share-based Payment Award, PepsiCo, Inc. Long-Term Incentive Plan	The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan: 12 Weeks Ended 3/25/2017 3/19/2016 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.3 $ 109.75 1.5 $ 98.75 RSUs and PSUs 2.7 $ 109.75 2.9 $ 98.74 (a) In millions. All grant activity is disclosed at target.
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions	Our weighted-average Black-Scholes fair value assumptions are as follows: 12 Weeks Ended 3/25/2017 3/19/2016 Expected life 5 years 6 years Risk-free interest rate 2.0 % 1.5 % Expected volatility 11 % 12 % Expected dividend yield 2.7 % 2.7 %

Pension and Retiree Medical B24

Pension and Retiree Medical Benefits (Tables)	3 Months Ended
	Mar. 25, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The components of net periodic benefit cost for pension and retiree medical plans are as follows: 12 Weeks Ended Pension Retiree Medical 3/25/2017 3/19/2016 3/25/2017 3/19/2016 3/25/2017 3/19/2016 U.S. International Service cost $ 93 $ 91 $ 16 $ 15 $ 6 $ 7 Interest cost 108 111 15 18 9 9 Expected return on plan assets (196 ) (192 ) (30 ) (31 ) (5 ) (5 ) Amortization of prior service credits — — — — (6 ) (9 ) Amortization of net losses/(gains) 28 38 9 8 (3 ) — 33 48 10 10 1 2 Special termination benefits 1 — — — — — Total expense $ 34 $ 48 $ 10 $ 10 $ 1 $ 2

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 25, 2017
Equity [Abstract]
Reclassifications out of Accumulated Other Comprehensive Loss	The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows: 12 Weeks Ended 3/25/2017 3/19/2016 Affected Line Item in the Income Statement Cash flow hedges: Foreign exchange contracts $ (5 ) $ (21 ) Cost of sales Interest rate derivatives (30 ) (3 ) Interest expense Commodity contracts 2 1 Cost of sales Commodity contracts — 2 Selling, general and administrative expenses Net gains before tax (33 ) (21 ) Tax amounts 11 5 Net gains after tax $ (22 ) $ (16 ) Pension and retiree medical items: Amortization of prior service credits (a) $ (6 ) $ (9 ) Amortization of net losses (a) 34 46 Net losses before tax 28 37 Tax amounts (9 ) (12 ) Net losses after tax $ 19 $ 25 Total net (gains)/losses reclassified, net of tax $ (3 ) $ 9 (a) These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 25, 2017
Derivative [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	The notional amounts of our financial instruments used to hedge the above risks as of March 25, 2017 and December 31, 2016 are as follows: Notional Amounts (a) 3/25/2017 12/31/2016 Foreign exchange $ 1.6 $ 1.6 Interest rate $ 11.2 $ 11.2 Commodity $ 0.9 $ 0.8 Net investment $ 0.8 $ 0.8 (a) In billions.
Fair Values of Financial Assets and Liabilities	Fair Value Measurements The fair values of our financial assets and liabilities as of March 25, 2017 and December 31, 2016 are categorized as follows: 3/25/2017 12/31/2016 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ 93 $ — $ 82 $ — Debt securities (c) 11,964 — 11,369 — $ 12,057 $ — $ 11,451 $ — Short-term investments (d) $ 202 $ — $ 193 $ — Prepaid forward contracts (e) $ 27 $ — $ 25 $ — Deferred compensation (f) $ — $ 483 $ — $ 472 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 54 $ 81 $ 66 $ 71 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 30 $ 16 $ 51 $ 8 Interest rate (h) — 389 — 408 Commodity (i) 1 1 2 1 $ 31 $ 406 $ 53 $ 417 Derivatives not designated as hedging instruments: Foreign exchange (h) $ — $ 9 $ 2 $ 15 Commodity (i) 54 32 61 26 $ 54 $ 41 $ 63 $ 41 Total derivatives at fair value ( j ) $ 139 $ 528 $ 182 $ 529 Total $ 12,425 $ 1,011 $ 11,851 $ 1,001 (a) Unless otherwise noted, financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our 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. The pre-tax unrealized gains on our investments in marketable equity securities were $83 million and $72 million as of March 25, 2017 and December 31, 2016 , respectively. (c) Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of March 25, 2017 , $5.7 billion and $6.3 billion of debt securities were classified as cash equivalents and short-term investments, respectively. As of December 31, 2016 , $4.6 billion and $6.8 billion of debt securities were classified as cash equivalents and short-term investments, respectively. Unrealized gains and losses on our investments in debt securities as of March 25, 2017 and December 31, 2016 were not material. 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. (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 balance sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the balance sheet as of March 25, 2017 and December 31, 2016 were not material. Collateral received against any of our asset positions was not material. The carrying amounts of our cash equivalents and short-term investments approximate fair value due to their short-term maturity. The fair value of our debt obligations as of March 25, 2017 and December 31, 2016 was $40 billion and $38 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	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) 3/25/2017 3/19/2016 3/25/2017 3/19/2016 3/25/2017 3/19/2016 Foreign exchange $ (5 ) $ 33 $ 20 $ 16 $ (5 ) $ (21 ) Interest rate 22 (69 ) (19 ) (16 ) (30 ) (3 ) Commodity 3 4 2 — 2 3 Net investment — — 18 — — — Total $ 20 $ (32 ) $ 21 $ — $ (33 ) $ (21 ) (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 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 $4 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months. 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 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 on our income statement 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 March 25, 2017 . We continue to monitor the impact of economic and other developments on the remaining value of our investment in TAB. See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Net Income Attributable to Pe27

Net Income Attributable to PepsiCo per Common Share (Tables)	3 Months Ended
	Mar. 25, 2017
Earnings Per Share [Abstract]
Basic And Diluted Net Income Attributable To PepsiCo Per Common Share	The computations of basic and diluted net income attributable to PepsiCo per common share are as follows: 12 Weeks Ended 3/25/2017 3/19/2016 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 1,318 $ 931 Preferred shares: Redemption premium (2 ) (1 ) Net income available for PepsiCo common shareholders $ 1,316 1,428 $ 930 1,446 Basic net income attributable to PepsiCo per common share $ 0.92 $ 0.64 Net income available for PepsiCo common shareholders $ 1,316 1,428 $ 930 1,446 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other — 11 — 12 Employee stock ownership plan (ESOP) convertible preferred stock 2 1 1 1 Diluted $ 1,318 1,440 $ 931 1,459 Diluted net income attributable to PepsiCo per common share $ 0.91 $ 0.64 (a) Weighted-average common shares outstanding (in millions). Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows: 12 Weeks Ended 3/25/2017 3/19/2016 Out-of-the-money options (a) 1.4 2.9 Average exercise price per option $ 109.69 $ 98.99 (a) In millions.

Segment Reporting Information b

Segment Reporting Information by Net Revenue and Operating Profit (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016
Segment Reporting Information [Line Items]
Net Revenue	$ 12,049	$ 11,862
Operating Profit	1,933	1,619
Tingyi Charge	$ 0	373
indirect equity investment percentage	5.00%
FLNA
Segment Reporting Information [Line Items]
Net Revenue	$ 3,499	3,418
Operating Profit	1,060	1,018
QFNA
Segment Reporting Information [Line Items]
Net Revenue	598	617
Operating Profit	164	166
North America Beverages [Member]
Segment Reporting Information [Line Items]
Net Revenue	4,460	4,361
Operating Profit	505	485
Latin America [Member]
Segment Reporting Information [Line Items]
Net Revenue	1,077	1,042
Operating Profit	132	175
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Net Revenue	1,445	1,359
Operating Profit	102	67
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Net Revenue	970	1,065
Operating Profit	171	(148)	[1]
Tingyi Charge		(373)
Total Division
Segment Reporting Information [Line Items]
Operating Profit	2,134	1,763
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Net Revenue	0	0
Operating Profit	$ (201)	$ (144)
[1]	Operating loss for AMENA for the 12 weeks ended March 19, 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.

Segment Reporting Information29

Segment Reporting Information by Total Assets (Detail) - USD ($) $ in Millions		Mar. 25, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Assets		$ 74,622	$ 73,490
FLNA
Segment Reporting Information [Line Items]
Assets		5,684	5,731
QFNA
Segment Reporting Information [Line Items]
Assets		834	811
Latin America [Member]
Segment Reporting Information [Line Items]
Assets		4,732	4,568
North America Beverages [Member]
Segment Reporting Information [Line Items]
Assets		29,016	28,172
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Assets		12,553	12,302
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Assets		5,473	5,261
Total Division
Segment Reporting Information [Line Items]
Assets		58,292	56,845
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Assets	[1]	16,330	16,645
Assets, Total [Member]
Segment Reporting Information [Line Items]
Assets		$ 74,622	$ 73,490
[1]	Corporate assets consist principally of certain cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and tax assets.

Recent Accounting Pronounceme30

Recent Accounting Pronouncements Recent Accounting Pronouncements (Details) - USD ($)	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016	Dec. 31, 2016
Cash Flow Statement Location [Line Items]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation		$ 53,000,000
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets			$ 639,000,000
Income Statement Location [Member]
Cash Flow Statement Location [Line Items]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 60,000,000	53,000,000
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	0.04	0.04
Cash Flow Statement Location [Member]
Cash Flow Statement Location [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 204,000,000	$ 174,000,000

Restructuring, Impairment and31

Restructuring, Impairment and Integration Charges 2014 Productivity Plan Charges (Details) - 2014 Productivity Plan - USD ($) $ in Millions	3 Months Ended
	Mar. 25, 2017		Mar. 19, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 766
Restructuring, Settlement and Impairment Provisions	27		$ 30
FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	97
Restructuring, Settlement and Impairment Provisions	1		(4)	[1]
QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	21
Restructuring, Settlement and Impairment Provisions	0		0
North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	249
Restructuring, Settlement and Impairment Provisions	2		7
Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	113
Restructuring, Settlement and Impairment Provisions	24		0
Europe Sub-Saharan Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	178
Restructuring, Settlement and Impairment Provisions	4		19
Asia Middle East and North Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	41
Restructuring, Settlement and Impairment Provisions	(6)	[2]	5
Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	67
Restructuring, Settlement and Impairment Provisions	2		3
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	365
Restructuring, Settlement and Impairment Provisions	18		8
Employee Severance [Member] | FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	65
Restructuring, Settlement and Impairment Provisions	1		(4)	[1]
Employee Severance [Member] | QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	15
Restructuring, Settlement and Impairment Provisions	0		0
Employee Severance [Member] | North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	97
Restructuring, Settlement and Impairment Provisions	0		7
Employee Severance [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	64
Restructuring, Settlement and Impairment Provisions	12		0
Employee Severance [Member] | Europe Sub-Saharan Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	85
Restructuring, Settlement and Impairment Provisions	4		1
Employee Severance [Member] | Asia Middle East and North Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	21
Restructuring, Settlement and Impairment Provisions	0		3
Employee Severance [Member] | Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	18
Restructuring, Settlement and Impairment Provisions	1		1
Asset Impairment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	144
Restructuring, Settlement and Impairment Provisions	11		11
Asset Impairment [Member] | FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	9
Restructuring, Settlement and Impairment Provisions	0		0
Asset Impairment [Member] | QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	0
Restructuring, Settlement and Impairment Provisions	0		0
Asset Impairment [Member] | North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	68
Restructuring, Settlement and Impairment Provisions	0		0
Asset Impairment [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	24
Restructuring, Settlement and Impairment Provisions	11		0
Asset Impairment [Member] | Europe Sub-Saharan Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	37
Restructuring, Settlement and Impairment Provisions	0		9
Asset Impairment [Member] | Asia Middle East and North Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	6
Restructuring, Settlement and Impairment Provisions	0		2
Asset Impairment [Member] | Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	0
Restructuring, Settlement and Impairment Provisions	0		0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	257
Restructuring, Settlement and Impairment Provisions	(2)		11
Other Restructuring [Member] | FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	23
Restructuring, Settlement and Impairment Provisions	0		0
Other Restructuring [Member] | QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	6
Restructuring, Settlement and Impairment Provisions	0		0
Other Restructuring [Member] | North America Beverages [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	84
Restructuring, Settlement and Impairment Provisions	2		0
Other Restructuring [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	25
Restructuring, Settlement and Impairment Provisions	1		0
Other Restructuring [Member] | Europe Sub-Saharan Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	56
Restructuring, Settlement and Impairment Provisions	0		9
Other Restructuring [Member] | Asia Middle East and North Africa
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	14
Restructuring, Settlement and Impairment Provisions	(6)	[2]	0
Other Restructuring [Member] | Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	49
Restructuring, Settlement and Impairment Provisions	$ 1		$ 2
[1]	Income amount represents adjustments for changes in estimates of previously recorded amounts.
[2]	Income amount primarily reflects a gain on the sale of property, plant and equipment.

Restructuring, Impairment and32

Restructuring, Impairment and Integration Charges 2014 Productivity Plan Activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 25, 2017		Mar. 19, 2016
Restructuring Cost and Reserve [Line Items]
Cash payments for restructuring charges	$ (7)		$ (30)
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	766
Restructuring Reserve - Period Start	96
Restructuring, Settlement and Impairment Provisions	27		30
Cash payments for restructuring charges	7
Restructuring Reserve, Settled without Cash	6
Restructuring Reserve - Period End	$ 110
Restructuring Charges After Tax			$ 25
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.02		$ 0.02
Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 365
Restructuring Reserve - Period Start	88
Restructuring, Settlement and Impairment Provisions	18		$ 8
Cash payments for restructuring charges	5
Restructuring Reserve, Settled without Cash	1
Restructuring Reserve - Period End	100
Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	144
Restructuring Reserve - Period Start	0
Restructuring, Settlement and Impairment Provisions	11		11
Cash payments for restructuring charges	0
Restructuring Reserve, Settled without Cash	11
Restructuring Reserve - Period End	0
Other Costs [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start	8
Restructuring, Settlement and Impairment Provisions	(2)
Cash payments for restructuring charges	2
Restructuring Reserve, Settled without Cash	(6)
Restructuring Reserve - Period End	10
Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	257
Restructuring, Settlement and Impairment Provisions	(2)		11
FLNA | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	97
Restructuring, Settlement and Impairment Provisions	1		(4)	[1]
FLNA | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	65
Restructuring, Settlement and Impairment Provisions	1		(4)	[1]
FLNA | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	9
Restructuring, Settlement and Impairment Provisions	0		0
FLNA | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	23
Restructuring, Settlement and Impairment Provisions	0		0
Quaker Foods North America [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	21
Restructuring, Settlement and Impairment Provisions	0		0
Quaker Foods North America [Member] | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	15
Restructuring, Settlement and Impairment Provisions	0		0
Quaker Foods North America [Member] | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	0
Restructuring, Settlement and Impairment Provisions	0		0
Quaker Foods North America [Member] | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	6
Restructuring, Settlement and Impairment Provisions	0		0
North America Beverages [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	249
Restructuring, Settlement and Impairment Provisions	2		7
North America Beverages [Member] | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	97
Restructuring, Settlement and Impairment Provisions	0		7
North America Beverages [Member] | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	68
Restructuring, Settlement and Impairment Provisions	0		0
North America Beverages [Member] | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	84
Restructuring, Settlement and Impairment Provisions	2		0
Latin America [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	113
Restructuring, Settlement and Impairment Provisions	24		0
Latin America [Member] | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	64
Restructuring, Settlement and Impairment Provisions	12		0
Latin America [Member] | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	24
Restructuring, Settlement and Impairment Provisions	11		0
Latin America [Member] | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	25
Restructuring, Settlement and Impairment Provisions	1		0
Europe Sub-Saharan Africa [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	178
Restructuring, Settlement and Impairment Provisions	4		19
Europe Sub-Saharan Africa [Member] | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	85
Restructuring, Settlement and Impairment Provisions	4		1
Europe Sub-Saharan Africa [Member] | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	37
Restructuring, Settlement and Impairment Provisions	0		9
Europe Sub-Saharan Africa [Member] | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	56
Restructuring, Settlement and Impairment Provisions	0		9
Asia Middle East and North Africa | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	41
Restructuring, Settlement and Impairment Provisions	(6)	[2]	5
Asia Middle East and North Africa | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	21
Restructuring, Settlement and Impairment Provisions	0		3
Asia Middle East and North Africa | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	6
Restructuring, Settlement and Impairment Provisions	0		2
Asia Middle East and North Africa | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	14
Restructuring, Settlement and Impairment Provisions	(6)	[2]	0
Corporate, Non-Segment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	67
Restructuring, Settlement and Impairment Provisions	2		3
Corporate, Non-Segment [Member] | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	18
Restructuring, Settlement and Impairment Provisions	1		1
Corporate, Non-Segment [Member] | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	0
Restructuring, Settlement and Impairment Provisions	0		0
Corporate, Non-Segment [Member] | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	49
Restructuring, Settlement and Impairment Provisions	$ 1		$ 2
[1]	Income amount represents adjustments for changes in estimates of previously recorded amounts.
[2]	Income amount primarily reflects a gain on the sale of property, plant and equipment.

Restructuring, Impairment and33

Restructuring, Impairment and Integration Charges Summary of Restructuring and Impairment Charges (Details) - 2014 Productivity Plan [Member] [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 27	$ 30
Restructuring, Settlement and Impairment Provisions, After Tax		$ 25
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.02	$ 0.02

Intangible Assets Amortizable I

Intangible Assets Amortizable Intangible Assets, net (Detail) - USD ($) $ in Millions	Mar. 25, 2017	Dec. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 2,764	$ 2,732
Finite-Lived Intangible Assets, Accumulated Amortization	(1,505)	(1,495)
Amortizable Intangible Assets, net	1,259	1,237
Other Identifiable Intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	541	522
Finite-Lived Intangible Assets, Accumulated Amortization	(300)	(308)
Amortizable Intangible Assets, net	241	214
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,288	1,277
Finite-Lived Intangible Assets, Accumulated Amortization	(990)	(977)
Amortizable Intangible Assets, net	298	300
Reacquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	105	106
Finite-Lived Intangible Assets, Accumulated Amortization	(102)	(102)
Amortizable Intangible Assets, net	3	4
Acquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	830	827
Finite-Lived Intangible Assets, Accumulated Amortization	(113)	(108)
Amortizable Intangible Assets, net	$ 717	$ 719

Change in Book Value of Nonamor

Change in Book Value of Nonamortizable Intangible Assets (Detail) $ in Millions	3 Months Ended
	Mar. 25, 2017USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	$ 26,626
Translation and Other	296
Balance, End	26,922
FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	293
Translation and Other	2
Balance, End	295
Latin America [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	703
Translation and Other	22
Balance, End	725
North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	18,733
Translation and Other	14
Balance, End	18,747
Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	6,207
Translation and Other	230
Balance, End	6,437
Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	515
Translation and Other	28
Balance, End	543
Goodwill
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	14,430
Translation and Other	154
Balance, End	14,584
Goodwill | FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	270
Translation and Other	2
Balance, End	272
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	553
Translation and Other	16
Balance, End	569
Goodwill | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	9,843
Translation and Other	5
Balance, End	9,848
Goodwill | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	3,177
Translation and Other	110
Balance, End	3,287
Goodwill | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	412
Translation and Other	21
Balance, End	433
Brands
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	2,948
Translation and Other	118
Balance, End	3,066
Brands | FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	23
Balance, End	23
Brands | Latin America [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	150
Translation and Other	6
Balance, End	156
Brands | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	314
Balance, End	314
Brands | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	2,358
Translation and Other	105
Balance, End	2,463
Brands | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	103
Translation and Other	7
Balance, End	110
Reacquired Franchise Rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,552
Translation and Other	22
Balance, End	7,574
Reacquired Franchise Rights | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,064
Translation and Other	8
Balance, End	7,072
Reacquired Franchise Rights | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	488
Translation and Other	14
Balance, End	502
Acquired franchise rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	1,696
Translation and Other	2
Balance, End	1,698
Acquired franchise rights | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	1,512
Translation and Other	1
Balance, End	1,513
Acquired franchise rights | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	184
Translation and Other	1
Balance, End	$ 185

Rollforward of Reserves for Fed

Rollforward of Reserves for Federal State and Foreign Tax Jurisdictions (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 25, 2017	Dec. 31, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 1,885	$ 1,547
Additions for tax positions related to the current year	57	349
Additions for tax positions from prior years	6	139
Reductions for tax positions from prior years	(2)	(70)
Settlement payments	(2)	(26)
Statute of limitations expiration	(6)	(27)
Translation and other	13	(27)
Balance, end of period	$ 1,951	$ 1,885

Weighted Average Black Scholes

Weighted Average Black Scholes Fair Value Assumptions (Detail)	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016
Black Scholes valuation assumptions [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years	6 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.00%	1.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	11.00%	12.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	2.70%	2.70%

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 25, 2017	Mar. 19, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		5 years	6 years
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost		$ 72	$ 69
Compensation cost for share-based liabilities		4	2
Recognized stock-based compensation expense		77	72
Share based liability awards granted, target		19	16
Share-based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring, Settlement and Impairment Provisions		$ 1	$ 1
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]	1.3	1.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Price		$ 109.75	$ 98.75
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	[1]	2.7	2.9
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Price		$ 109.75	$ 98.74
[1]	In millions. All grant activity is disclosed at target.

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost for Pension and Retiree Medical Plans (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 25, 2017	Mar. 19, 2016	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Average Remaining Service Period of Active Plan Participants, Pension Expense	11
Defined Benefit Plan, Contributions by Employer		$ 7
Defined Benefit Plan, Average remaining life expectancy of Inactive Plan Participants, Pension Expense	27
Cost Savings Related to Reorganization of U.S. Pension Plans	$ 10
Cost Savings Related to Reorganization of U.S. Pension Plans Net of Tax	6
U.S.
Defined Benefit Plan Disclosure [Line Items]
Service cost	93	91
Interest cost	108	111
Expected return on plan assets	(196)	(192)
Amortization of net losses/(gains)	28	38
Gross total	33	48
Defined Benefit Plan, Special Termination Benefits	(1)
Total expense	34	48
International
Defined Benefit Plan Disclosure [Line Items]
Service cost	16	15
Interest cost	15	18
Expected return on plan assets	(30)	(31)
Amortization of net losses/(gains)	9	8
Gross total	10	10
Total expense	10	10
Retiree Medical
Defined Benefit Plan Disclosure [Line Items]
Service cost	6	7
Interest cost	9	9
Expected return on plan assets	(5)	(5)
Amortization of prior service credits	(6)	(9)
Amortization of net losses/(gains)	(3)
Gross total	1	2
Total expense	$ 1	$ 2
Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Cost Savings Related to Reorganization of U.S. Pension Plans			$ 40

Debt Obligations and Commitme40

Debt Obligations and Commitments - Additional Information (Detail) $ in Billions	3 Months Ended
	Mar. 25, 2017USD ($)
Debt Instrument [Line Items]
Repayments of Debt	$ 0.8
Commercial Paper	$ 4.5

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 25, 2017	Mar. 19, 2016
Losses/(gains) on cash flow hedges:
Total before tax		$ (33)	$ (21)
Tax amounts		11	5
Net gains after tax		(22)	(16)
Amortization of pension and retiree medical items:
Amortization of prior service credits (a)		(6)	(9)
Net actuarial losses		34	46
Total before tax		28	37
Tax amounts		(9)	(12)
Net losses after tax		19	25
Total net (gains)/losses reclassified, net of tax		(3)	9
Cash Flow Hedges
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(33)	(21)
Cash Flow Hedges | Foreign exchange contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[1]	(5)	(21)
Cash Flow Hedges | Foreign exchange contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(5)	(21)
Cash Flow Hedges | Interest rate derivatives
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[1]	(30)	(3)
Cash Flow Hedges | Interest rate derivatives | Interest Expense
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(30)	(3)
Cash Flow Hedges | Commodity contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[1]	2	3
Cash Flow Hedges | Commodity contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		$ 2	1
Cash Flow Hedges | Commodity contracts | Selling, General and Administrative Expenses
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges			$ 2
[1]	Foreign exchange derivative losses/gains are 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
	Mar. 25, 2017	Mar. 19, 2016	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	$ 83		$ 72
Debt Instrument, Fair Value Disclosure	40,000		38,000
Tingyi Charge	0	$ 373
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	900		800
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	1,600		1,600
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	800		800
Interest rate derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 11,200		$ 11,200
Asia Middle East and North Africa
Derivative Instruments, Gain (Loss) [Line Items]
Tingyi Charge		$ (373)
Tingyi Charge per share		$ (0.26)

Fair Values of Financial Assets

Fair Values of Financial Assets and Liabilities (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 25, 2017	Mar. 19, 2016	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax		$ 83		$ 72
Short-term Investments		6,461		6,967
Prepaid forward contracts		27		25
Deferred compensation		483		472
Derivatives not designated as hedging instruments:
Total derivatives at fair value		139		182
Total Financial Assets at fair value		12,425		11,851
Derivatives not designated as hedging instruments:
Total derivatives at fair value		528		529
Total Financial Liabilities at fair Value		1,011		1,001
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax		20	$ (32)
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		21	0
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)		(33)	(21)
Derivatives Designated As Fair Value Hedging Instruments Assets
Derivatives designated as fair value hedging instruments:
Interest rate derivatives		54		66
Derivatives Designated As Hedging Instruments Assets
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts		30		51
Interest rate derivatives		0		0
Commodity contracts		1		2
Derivatives designated as hedging instruments, Assets, Total		31		53
Derivatives Not Designated As Hedging Instruments Assets
Derivatives not designated as hedging instruments:
Foreign exchange contracts		0		2
Commodity contracts		54		61
Derivatives not designated as hedging instruments, Assets, Total		54		63
Derivatives Designated As Fair Value Hedging Instruments Liabilities
Derivatives designated as fair value hedging instruments:
Interest rate derivatives		81		71
Derivatives Designated As Hedging Instruments Liabilities
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts		16		8
Interest rate derivatives		389		408
Commodity contracts		1		1
Derivatives designated as hedging instruments, Liabilities, Total		406		417
Derivatives Not Designated As Hedging Instruments Liabilities
Derivatives not designated as hedging instruments:
Foreign exchange contracts		9		15
Commodity contracts		32		26
Derivatives not designated as hedging instruments, Liabilities, Total		41		41
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	(5)	33
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		20	16
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	(5)	(21)
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	22	(69)
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		(19)	(16)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	(30)	(3)
Commodity contracts | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	3	4
Commodity contracts | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		2
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	2	$ 3
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		18
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		11,964		11,369
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		93		82
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		0		0
Liability [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		12,057		11,451
Liability [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments		202		193
Liability [Member]
Derivatives, Fair Value [Line Items]
Prepaid forward contracts		0		0
Assets [Member]
Derivatives, Fair Value [Line Items]
Deferred compensation		0		0
Cash Equivalents [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		5,700		4,600
Short-term Investments [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		$ 6,300		$ 6,800
[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 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
		Mar. 25, 2017	Mar. 19, 2016
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)		$ 20	$ (32)
Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		21	0
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)		(33)	(21)
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]	(5)	33
Foreign Exchange Forward [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		20	16
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	(5)	(21)
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]	22	(69)
Interest Rate Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		(19)	(16)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	(30)	(3)
Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months		4
Commodity Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]	3	4
Commodity Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		2
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	2	$ 3
Net Investment Hedging [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		$ 18
[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 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) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016
Schedule of Equity Method Investments [Line Items]
Tingyi Charge	$ 0	$ 373
indirect equity investment percentage	5.00%
indirect equity investment [Table Text Block]	$ 166
Asia Middle East and North Africa
Schedule of Equity Method Investments [Line Items]
Tingyi Charge		$ (373)
Tingyi Charge per share		$ (0.26)

Financial Instruments Hedging I

Financial Instruments Hedging Instruments - Notional Amounts - USD ($) $ in Millions		3 Months Ended
		Mar. 25, 2017	Mar. 19, 2016	Dec. 31, 2016
Net Investment Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 800		$ 800
Commodity Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 900		$ 800
Interest Rate Contract [Member]
Derivative [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		42.00%		38.00%
Derivative, Notional Amount		$ 11,200		$ 11,200
Fair Value/Non-designated Hedges
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax		(20)	$ 32
Fair Value/Non-designated Hedges | Commodity Contract [Member]
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	(3)	(4)
Fair Value/Non-designated Hedges | Foreign Exchange Forward [Member]
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	5	(33)
Fair Value/Non-designated Hedges | Interest Rate Contract [Member]
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	(22)	69
Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(21)	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		33	21
Cash Flow Hedging [Member] | Net Investment Hedging [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(18)
Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(2)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	(2)	(3)
Cash Flow Hedging [Member] | Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(20)	(16)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	5	21
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		19	16
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	$ 30	$ 3
[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 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.

Basic and Diluted Net Income At

Basic and Diluted Net Income Attributable to PepsiCo (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 25, 2017	Mar. 19, 2016
Earnings Per Share [Abstract]
Net income attributable to PepsiCo		$ 1,318	$ 931
Preferred Stock [Abstract]
Redemption premium		(2)	(1)
Net income available for PepsiCo common shareholders - Value		$ 1,316	$ 930
Net income available for PepsiCo common shareholders - Shares	[1]	1,428	1,446
Basic net income attributable to PepsiCo per common share (in dollars per share)		$ 0.92	$ 0.64
Dilutive Securities [Abstract]
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities		$ 0	$ 0
Stock options and RSUs - Shares	[1]	11	12
ESOP convertible preferred stock - Value		$ 2	$ 1
ESOP convertible preferred stock - Shares	[1]	1	1
Diluted shares - Value		$ 1,318	$ 931
Diluted shares - Shares	[1]	1,440	1,459
Diluted net income attributable to PepsiCo per common share (in dollars per share)		$ 0.91	$ 0.64
[1]	Weighted-average common shares outstanding (in millions)

Net Income Attributable to Pe48

Net Income Attributable to PepsiCo per Common Share Out-of-the-money options excluded from the calculation of diluted earnings per common share (Details) - $ / shares	3 Months Ended
	Mar. 25, 2017	Mar. 19, 2016
Out-of-the-money options [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1.4	2.9
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Average Exercise per Share Amount	$ 109.69	$ 98.99