PepsiCo (PEP) 10-Q 11 Jul 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 17, 2017	Jul. 03, 2017
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 17, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
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		1,425,510,474

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016
Net Revenue		$ 15,710	$ 15,395	$ 27,759	$ 27,257
Cost of sales		7,056	6,830	12,342	11,981
Gross Profit		8,654	8,565	15,417	15,276
Selling, general and administrative expenses		5,648	5,584	10,465	10,662
Amortization of intangible assets		16	17	29	31
Operating Profit		2,990	2,964	4,923	4,583
Interest expense		(265)	(255)	(517)	(501)
Interest income and other		49	22	89	36
Income before income taxes		2,774	2,731	4,495	4,118
Provision for income taxes		656	718	1,048	1,160
Net income		2,118	2,013	3,447	2,958
Less: Net income attributable to noncontrolling interests		13	8	24	22
Net Income (Loss) Attributable to Parent		$ 2,105	$ 2,005	$ 3,423	$ 2,936
Net Income Attributable to PepsiCo per Common Share
Basic		$ 1.47	$ 1.39	$ 2.40	$ 2.03
Diluted net income attributable to PepsiCo per common share (in dollars per share)		$ 1.46	$ 1.38	$ 2.38	$ 2.01
Weighted-average common shares outstanding
Basic	[1]	1,428	1,443	1,428	1,445
Diluted	[1]	1,441	1,456	1,441	1,458
Cash dividends declared per common share		$ 0.8050	$ 0.7525	$ 1.5575	$ 1.455
[1]	Weighted-average common shares outstanding (in millions)

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 2,118	$ 2,013	$ 3,447	$ 2,958
Other Comprehensive Income
Currency translation adjustment, pre-tax amount	299	760	811	540
Currency translation adjustment, tax amounts	21	0	25	0
Currency translation adjustment, after-tax amounts	320	760	836	540
Cash flow hedges:
Reclassification of net gains to net income, pre-tax amounts	(53)	(8)	(86)	(29)
Reclassification of net gains to net income, tax amounts	19	2	30	7
Net gains after tax	(34)	(6)	(56)	(22)
Net derivative gains/(losses), pre-tax amounts	20	(32)	17	(32)
Net derivative gains/(losses), tax amounts	(10)	8	(12)	7
Net derivative gains/(losses), after-tax amounts	10	(24)	5	(25)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax [Abstract]
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	18	3	27	(9)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	1	(2)	(4)	5
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	19	1	23	(4)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	(99)	0	(99)	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	10	0	10	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	(89)	0	(89)	0
Other Comprehensive Income, Other, Before Tax	0		0
Other Comprehensive Income, Other, Taxes	16		16
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	(9)	(14)	(18)	(26)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), Net of Tax	(21)	(7)	(31)	(40)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	32	46	60	83
Net losses after tax	23	32	42	57
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax	(27)	(11)	(41)	4
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	6	4	10	(44)
Comprehensive income attributable to noncontrolling interests	(15)	(8)	(25)	(22)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	2,347	2,761	4,168	3,442
Other Comprehensive Income (Loss), before Tax	190	758	689	557
Other Comprehensive Income (Loss), Tax	(54)	2	(57)	51
Other Comprehensive Income, Other, Net of Tax	16		16
Other Comprehensive Income (Loss), Net of Tax	244	756	746	506
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 2,362	$ 2,769	$ 4,193	$ 3,464

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 17, 2017	Jun. 11, 2016
Operating Activities
Net income	$ 3,447	$ 2,958
Depreciation and amortization	1,031	1,044
Share-based compensation expense	143	123
Restructuring and impairment charges	61	79
Cash payments for restructuring charges	(25)	(67)
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)	0	373
Pension and retiree medical plan expenses	92	124
Pension and retiree medical plan contributions	(131)	(155)
Deferred income taxes and other tax charges and credits	130	119
Change in assets and liabilities [Abstract]
Accounts and notes receivable	(733)	(1,049)
Inventories	(826)	(755)
Prepaid expenses and other current assets	(250)	(202)
Accounts payable and other current liabilities	(838)	(73)
Income taxes payable	310	704
Other, net	(170)	(116)
Net Cash Provided by Operating Activities	2,241	3,107
Investing Activities
Capital spending	(878)	(919)
Sales of property, plant and equipment	30	47
Acquisitions and investments in noncontrolled affiliates	(40)	(4)
Divestitures	143	75
Short-term investments, by original maturity [Abstract]
More than three months - purchases	(6,785)	(4,604)
More than three months - maturities	6,709	3,786
More than three months - sales	242	0
Three months or less, net	0	10
Other investing, net	8	1
Net Cash Used for Investing Activities	(571)	(1,608)
Financing Activities
Proceeds from issuances of long-term debt	3,525	2,532
Payments of long-term debt	(1,003)	(3,083)
Short-term borrowings, by original maturity
More than three months - proceeds	51	35
More than three months - payments	(57)	(11)
Three months or less, net	(172)	2,795
Cash dividends paid	(2,175)	(2,060)
Share repurchases - common	(942)	(1,329)
Share repurchases - preferred	(2)	(2)
Proceeds from exercises of stock options	316	293
Withholding tax payments on RSUs, PSUs and PEPunits converted	(122)	(102)
Other financing	(1)	(4)
Net Cash Provided by/(Used for) Financing Activities	(582)	(936)
Effect of exchange rate changes on cash and cash equivalents	36	(13)
Net (Decrease)/Increase in Cash and Cash Equivalents	1,124	550
Cash and Cash Equivalents, Beginning of Year	9,158	9,096
Cash and Cash Equivalents, End of Period	$ 10,282	$ 9,646

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 17, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 10,282	$ 9,158
Short-term investments	6,878	6,967
Accounts and notes receivable, less allowance: 6/17 - $137 and 12/16 - $134	7,543	6,694
Inventories
Raw materials and packaging	1,537	1,315
Work-in-process	312	150
Finished goods	1,763	1,258
Inventory, Net, Total	3,612	2,723
Prepaid expenses and other current assets	933	908
Total Current Assets	29,248	26,450
Property, Plant and Equipment	37,966	36,818
Accumulated Depreciation	(21,224)	(20,227)
Property, Plant and Equipment, Net, Total	16,742	16,591
Amortizable Intangible Assets, net	1,256	1,237
Goodwill	14,655	14,430
Other Nonamortizable Intangible Assets	12,472	12,196
Nonamortizable Intangible Assets	27,127	26,626
Investments in Noncontrolled Affiliates	1,962	1,950
Other Assets	608	636
Total Assets	76,943	73,490
Current Liabilities
Short-term debt obligations	8,279	6,892
Accounts payable and other current liabilities	13,834	14,243
Total Current Liabilities	22,113	21,135
Long-term Debt Obligations	31,205	30,053
Other Liabilities	6,666	6,669
Deferred Income Taxes	4,429	4,434
Total Liabilities	64,413	62,291
PepsiCo Common Shareholders' Equity
Preferred Stock, Value, Issued	41	41
Common stock, par value 12/3¢ per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,426 and 1,428 shares, respectively)	24	24
Capital in excess of par value	3,913	4,091
Retained earnings	53,706	52,518
Accumulated other comprehensive loss	(13,174)	(13,919)
Total PepsiCo Common Shareholders’ Equity	12,557	11,246
Stockholders' Equity Attributable to Noncontrolling Interest	126	104
Total Equity	12,530	11,199
Total Liabilities and Equity	76,943	73,490
Preferred Stock
PepsiCo Common Shareholders' Equity
Preferred Stock, Value, Issued	41
Repurchased Common Stock, in excess of par value (440 and 438 shares, respectively)
PepsiCo Common Shareholders' Equity
Total PepsiCo Common Shareholders’ Equity	(31,912)	(31,468)
Redeemable Preferred Stock [Member] | Preferred Stock
PepsiCo Common Shareholders' Equity
Preferred Stock, Value, Issued	$ (194)	$ (192)

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 17, 2017	Dec. 31, 2016
Accounts and notes receivable, allowance	$ 137	$ 134
Preferred Stock, no par value
Common stock, Par value	$ 0.0167	$ 0.0167
Common stock, Authorized	3,600	3,600
Common stock, Issued	1,426	1,428
Repurchased common stock, shares	440	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]
Preferred Stock, Value, Issued										$ (186)
Stockholders' Equity Attributable to Parent			$ 24		$ 4,076	$ 50,472	$ (13,319)	$ (29,185)
Stockholders' Equity Attributable to Noncontrolling Interest									$ 107
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							506
Shares issued, beginning of year at Dec. 26, 2015								(418)
Shares issued, end of period at Jun. 11, 2016								(425)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions, shares										0
Redemptions										$ (2)
Balance, beginning of year, shares at Dec. 26, 2015			1,448
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares			(7)					(14)
Stock Repurchased During Period, Value								$ (1,369)
Stock option exercises, shares								7
Stock option exercises, RSUs, PSUs and PEPunits converted					(155)			$ 501
Adjustments Related to Tax Withholding for Share-based Compensation					(102)
Other (in shares)								0
Other								$ 2	(1)
Share-based compensation expense					125
Other					(4)
Net income attributable to PepsiCo	$ 2,936					2,936
Cash dividends declared - common						(2,113)
Net income attributable to noncontrolling interests	22								22
Balance, end of year, shares at Jun. 11, 2016			1,441
Balance, end of period at Jun. 11, 2016	12,376
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises/RSUs converted, tax benefits	56
Preferred Stock, Shares Issued		0.8								(0.7)
Preferred Stock, Value, Issued		$ 41								$ (188)
Stockholders' Equity Attributable to Parent			$ 24	$ 12,395	3,940	51,295	(12,813)	(30,051)
Stockholders' Equity Attributable to Noncontrolling Interest									128
Preferred Stock, Shares Issued										(0.7)
Preferred Stock, Value, Issued	41									$ (192)
Stockholders' Equity Attributable to Parent	11,246		$ 24		4,091	52,518	(13,919)	$ (31,468)
Stockholders' Equity Attributable to Noncontrolling Interest	104								104
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							745
Shares issued, beginning of year at Dec. 31, 2016								(438)
Shares issued, end of period at Jun. 17, 2017								(440)
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)					(8)
Stock Repurchased During Period, Value								$ (967)
Stock option exercises, shares								6
Stock option exercises, RSUs, PSUs and PEPunits converted					(201)			$ 523
Adjustments Related to Tax Withholding for Share-based Compensation					(122)
Other (in shares)								0
Other									(3)
Share-based compensation expense					145
Net income attributable to PepsiCo	3,423					3,423
Cash dividends declared - common						(2,235)
Net income attributable to noncontrolling interests	24								24
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax									1
Balance, end of year, shares at Jun. 17, 2017			1,426
Balance, end of period at Jun. 17, 2017	12,530
Preferred Stock, Shares Issued		0.8								(0.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred Stock, Value, Issued	41	$ 41								$ (194)
Stockholders' Equity Attributable to Parent	12,557		$ 24	$ 12,557	$ 3,913	$ 53,706	$ (13,174)	$ (31,912)
Stockholders' Equity Attributable to Noncontrolling Interest	$ 126								$ 126

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 17, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 June 17, 2017 , Condensed Consolidated Statements of Income and Comprehensive Income for the 12 and 24 weeks ended June 17, 2017 and June 11, 2016 , and the Condensed Consolidated Statements of Cash Flows and Equity for the 24 weeks ended June 17, 2017 and June 11, 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 and 24 weeks ended June 17, 2017 are not necessarily indicative of the results expected for any future period or 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 March, April and May are reflected in our second 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	6 Months Ended
	Jun. 17, 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 of each division are as follows: 12 Weeks Ended 24 Weeks Ended Net Revenue 6/17/2017 6/11/2016 6/17/2017 6/11/2016 FLNA $ 3,678 $ 3,564 $ 7,177 $ 6,982 QFNA 553 561 1,151 1,178 NAB 5,242 5,145 9,702 9,506 Latin America 1,823 1,717 2,900 2,759 ESSA 2,812 2,660 4,257 4,019 AMENA 1,602 1,748 2,572 2,813 Total division $ 15,710 $ 15,395 $ 27,759 $ 27,257 12 Weeks Ended 24 Weeks Ended Operating Profit 6/17/2017 6/11/2016 6/17/2017 6/11/2016 FLNA $ 1,153 $ 1,083 $ 2,213 $ 2,101 QFNA 146 146 310 312 NAB 894 881 1,399 1,366 Latin America 228 242 360 417 ESSA (a) 501 337 603 404 AMENA (b) 307 383 478 235 Total division 3,229 3,072 5,363 4,835 Corporate Unallocated (239 ) (108 ) (440 ) (252 ) $ 2,990 $ 2,964 $ 4,923 $ 4,583 (a) Operating profit for ESSA for the 12 and 24 weeks ended June 17, 2017 includes a gain of $95 million associated with the sale of our minority stake in Britvic. (b) Operating profit for AMENA for the 24 weeks ended June 11, 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 6/17/2017 12/31/2016 FLNA $ 5,839 $ 5,731 QFNA 829 811 NAB 29,274 28,172 Latin America 4,839 4,568 ESSA 13,365 12,302 AMENA 5,472 5,261 Total division 59,618 56,845 Corporate (a) 17,325 16,645 $ 76,943 $ 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.

Basis of Presentation and Our10

Basis of Presentation and Our Divisions Basis of Presentation and Our Divisions (Notes)	6 Months Ended
	Jun. 17, 2017
Basis of Presentation and Our Disclosure [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation and Our Divisions

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 17, 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 were 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. For the 12 and 24 weeks ended June 17, 2017 , our excess tax benefits were $11 million and $71 million , respectively, resulting in a $0.01 and $0.05 increase to diluted net income attributable to PepsiCo per common share. For the 12 and 24 weeks ended June 11, 2016 , our excess tax benefits recognized were $3 million and $56 million , respectively. If we had applied this standard in 2016, there would have been no impact to diluted net income attributable to PepsiCo per common share for the 12 weeks ended June 11, 2016 and a $0.04 increase to diluted net income attributable to PepsiCo per common share for the 24 weeks ended June 11, 2016 . The ongoing impact on our financial statements is dependent on the timing of when awards vest or are exercised, 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 $222 million and $186 million in our operating cash flow with a corresponding decrease in our financing cash flow for the 24 weeks ended June 17, 2017 and June 11, 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. 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 it 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 in this Form 10-Q 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 the balance sheet, but record expenses on the income statement 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 related disclosures, including the impact on our current lease portfolio from both a lessor and lessee perspective; this adoption will primarily result in an increase in the assets and liabilities on our balance sheet. We are currently evaluating the timing of adoption of this guidance. 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. In the second quarter of 2017, we sold our minority stake in Britvic, representing all of our available-for-sale equity securities, which reduced the risk and volatility of these investments in our income statement 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 in this Form 10-Q 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 disclosures 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	6 Months Ended
	Jun. 17, 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 June 17, 2017 and June 11, 2016 , we incurred restructuring charges of $34 million ( $31 million after-tax or $0.02 per share) and $49 million ( $31 million after-tax or $0.02 per share), respectively, in conjunction with our 2014 Productivity Plan. In the 24 weeks ended June 17, 2017 and June 11, 2016 , we incurred restructuring charges of $61 million ( $58 million after-tax or $0.04 per share) and $79 million ( $56 million after-tax or $0.04 per share), respectively. 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 June 17, 2017 is expected to be paid by the end of 2017. A summary of our 2014 Productivity Plan charges is as follows: 12 Weeks Ended 6/17/2017 6/11/2016 Severance and Other Asset Other Total Severance and Other Asset Impairments Other Costs Total FLNA $ 3 $ — $ — $ 3 $ 1 $ — $ 2 $ 3 QFNA — — — — — — 1 1 NAB — — — — 3 1 2 6 Latin America 21 2 2 25 27 — 1 28 ESSA (a) 6 — (3 ) 3 2 2 4 8 AMENA — — 2 2 — 2 — 2 Corporate 1 — — 1 1 — — 1 $ 31 $ 2 $ 1 $ 34 $ 34 $ 5 $ 10 $ 49 (a) Income amount primarily reflects a gain on the sale of property, plant and equipment. 24 Weeks Ended 6/17/2017 6/11/2016 Severance and Other Asset Other Total Severance and Other Asset Impairments Other Total FLNA (a) $ 4 $ — $ — $ 4 $ (3 ) $ — $ 2 $ (1 ) QFNA — — — — — — 1 1 NAB — — 2 2 10 1 2 13 Latin America 33 13 3 49 27 — 1 28 ESSA (b) 10 — (3 ) 7 3 11 13 27 AMENA (b) — — (4 ) (4 ) 3 4 — 7 Corporate 2 — 1 3 2 — 2 4 $ 49 $ 13 $ (1 ) $ 61 $ 42 $ 16 $ 21 $ 79 (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 $800 million : 2014 Productivity Plan Costs to Date Severance and Other Employee Costs Asset Impairments Other Costs Total FLNA $ 68 $ 9 $ 23 $ 100 QFNA 15 — 6 21 NAB 97 68 84 249 Latin America 85 26 27 138 ESSA 91 37 53 181 AMENA 21 6 16 43 Corporate 19 — 49 68 $ 396 $ 146 $ 258 $ 800 A summary of our 2014 Productivity Plan activity for the 24 weeks ended June 17, 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 49 13 (1 ) 61 Cash payments (19 ) — (6 ) (25 ) Non-cash charges and translation (5 ) (13 ) 10 (8 ) Liability as of June 17, 2017 $ 113 $ — $ 11 $ 124 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	6 Months Ended
	Jun. 17, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets A summary of our amortizable intangible assets is as follows: 6/17/2017 12/31/2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 832 $ (117 ) $ 715 $ 827 $ (108 ) $ 719 Reacquired franchise rights 106 (103 ) 3 106 (102 ) 4 Brands 1,291 (998 ) 293 1,277 (977 ) 300 Other identifiable intangibles 552 (307 ) 245 522 (308 ) 214 $ 2,781 $ (1,525 ) $ 1,256 $ 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 6/17/2017 FLNA Goodwill $ 270 $ 3 $ 273 Brands 23 — 23 293 3 296 QFNA Goodwill 175 — 175 NAB Goodwill 9,843 (11 ) 9,832 Reacquired franchise rights 7,064 15 7,079 Acquired franchise rights 1,512 3 1,515 Brands 314 24 338 18,733 31 18,764 Latin America Goodwill 553 6 559 Brands 150 2 152 703 8 711 ESSA Goodwill 3,177 215 3,392 Reacquired franchise rights 488 42 530 Acquired franchise rights 184 11 195 Brands 2,358 175 2,533 6,207 443 6,650 AMENA Goodwill 412 12 424 Brands 103 4 107 515 16 531 Total goodwill 14,430 225 14,655 Total reacquired franchise rights 7,552 57 7,609 Total acquired franchise rights 1,696 14 1,710 Total brands 2,948 205 3,153 $ 26,626 $ 501 $ 27,127

Income Taxes

Income Taxes	6 Months Ended
	Jun. 17, 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: 6/17/2017 12/31/2016 Balance, beginning of year $ 1,885 $ 1,547 Additions for tax positions related to the current year 144 349 Additions for tax positions from prior years 6 139 Reductions for tax positions from prior years (8 ) (70 ) Settlement payments (4 ) (26 ) Statutes of limitations expiration (8 ) (27 ) Translation and other 30 (27 ) Balance, end of period $ 2,045 $ 1,885

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 17, 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 24 Weeks Ended 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Share-based compensation expense - equity awards $ 71 $ 54 $ 143 $ 123 Share-based compensation expense - liability awards 3 1 7 3 Restructuring and impairment charges 1 1 2 2 Total $ 75 $ 56 $ 152 $ 128 For the 12 weeks ended June 17, 2017 and June 11, 2016 , our grants of stock options, RSUs, PSUs and long-term cash awards were nominal. The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan: 24 Weeks Ended 6/17/2017 6/11/2016 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 2.8 $ 109.76 2.9 $ 98.83 (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 $17 million during the 24 weeks ended June 17, 2017 and June 11, 2016 , respectively. Our weighted-average Black-Scholes fair value assumptions are as follows: 24 Weeks Ended 6/17/2017 6/11/2016 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	6 Months Ended
	Jun. 17, 2017
Retirement Benefits [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 $9 million ( $6 million after-tax with a nominal amount per share) in the 12 weeks ended June 17, 2017 , and $19 million ( $12 million after-tax or $0.01 per share) in the 24 weeks ended June 17, 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 6/17/2017 6/11/2016 6/17/2017 6/11/2016 6/17/2017 6/11/2016 U.S. International Service cost $ 92 $ 90 $ 21 $ 21 $ 7 $ 7 Interest cost 108 112 21 24 8 10 Expected return on plan assets (196 ) (192 ) (40 ) (42 ) (5 ) (6 ) Amortization of prior service cost/(credits) 1 — — — (6 ) (8 ) Amortization of net losses/(gains) 28 39 12 10 (3 ) (1 ) 33 49 14 13 1 2 Settlement/curtailment loss — — — 6 — — Special termination benefits 1 1 — — — — Total expense $ 34 $ 50 $ 14 $ 19 $ 1 $ 2 24 Weeks Ended Pension Retiree Medical 6/17/2017 6/11/2016 6/17/2017 6/11/2016 6/17/2017 6/11/2016 U.S. International Service cost $ 185 $ 181 $ 37 $ 36 $ 13 $ 14 Interest cost 216 223 36 42 17 19 Expected return on plan assets (392 ) (384 ) (70 ) (73 ) (10 ) (11 ) Amortization of prior service cost/(credits) 1 — — — (12 ) (17 ) Amortization of net losses/(gains) 56 77 21 18 (6 ) (1 ) 66 97 24 23 2 4 Settlement/curtailment loss — — — 6 — — Special termination benefits 2 1 — — — — Total expense $ 68 $ 98 $ 24 $ 29 $ 2 $ 4 We regularly evaluate different opportunities to reduce risk and volatility associated with our pension and retiree medical plans. We made discretionary contributions to our international pension plans of $6 million in the second quarter of 2017 and $7 million in the first quarter of 2016. There were no discretionary contributions made in the first quarter of 2017 or the second quarter of 2016.

Debt Obligations and Commitment

Debt Obligations and Commitments	6 Months Ended
	Jun. 17, 2017
Debt Obligations and Commitments [Abstract]
Debt Obligations and Commitments	Debt Obligations In the second quarter of 2017 , we issued the following senior notes: Interest Rate Maturity Date Amount (a) Floating rate May 2019 $ 350 Floating rate May 2022 $ 400 1.550 % May 2019 $ 750 2.250 % May 2022 $ 750 4.000 % May 2047 $ 750 2.150 % May 2024 C$ 750 (b) (a) Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums. (b) These notes, issued in Canadian dollars, were designated as a net investment hedge to partially offset the effects of foreign currency on our investments in certain of our foreign subsidiaries. The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper. In the 24 weeks ended June 17, 2017 , $1 billion of senior notes matured and were paid. In the second quarter of 2017, we entered into a new five-year unsecured revolving credit agreement (Five-Year Credit Agreement) which expires on June 5, 2022. The Five-Year Credit Agreement enables us and our borrowing subsidiaries to borrow up to $3.75 billion , subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $4.5 billion . Additionally, we may, once a year, request renewal of the agreement for an additional one-year period. Also in the second quarter of 2017, we entered into a new 364-day unsecured revolving credit agreement (364-Day Credit Agreement) which expires on June 4, 2018. The 364-Day Credit Agreement enables us and our borrowing subsidiaries to borrow up to $3.75 billion , subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $4.5 billion . We may request renewal of this facility for an additional 364-day period or convert any amounts outstanding into a term loan for a period of up to one year, which would mature no later than the anniversary of the then effective termination date. The Five-Year Credit Agreement and the 364-Day Credit Agreement together replaced our $3.7225 billion five-year credit agreement and our $3.7225 billion 364-day credit agreement both dated as of June 6, 2016. Funds borrowed under the Five-Year Credit Agreement and the 364-Day Credit Agreement may be used for general corporate purposes. Subject to certain conditions, we may borrow, prepay and reborrow amounts under these agreements. As of June 17, 2017 , there were no outstanding borrowings under the Five-Year Credit Agreement or the 364-Day Credit Agreement. As of June 17, 2017 , we had $1.8 billion of commercial paper outstanding.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 17, 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 24 weeks ended June 17, 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 June 17, 2017 and December 31, 2016 are as follows: Notional Amounts (a) 6/17/2017 12/31/2016 Foreign exchange $ 1.6 $ 1.6 Interest rate $ 14.2 $ 11.2 Commodity $ 0.9 $ 0.8 Net investment $ 1.4 $ 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 June 17, 2017 , approximately 44% 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 June 17, 2017 and December 31, 2016 are categorized as follows: 6/17/2017 12/31/2016 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ — $ — $ 82 $ — Debt securities (c) 12,959 — 11,369 — $ 12,959 $ — $ 11,451 $ — Short-term investments (d) $ 211 $ — $ 193 $ — Prepaid forward contracts (e) $ 26 $ — $ 25 $ — Deferred compensation (f) $ — $ 488 $ — $ 472 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 65 $ 51 $ 66 $ 71 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 16 $ 24 $ 51 $ 8 Interest rate (h) — 354 — 408 Commodity (i) 1 1 2 1 $ 17 $ 379 $ 53 $ 417 Derivatives not designated as hedging instruments: Foreign exchange (h) $ 12 $ 2 $ 2 $ 15 Commodity (i) 35 38 61 26 $ 47 $ 40 $ 63 $ 41 Total derivatives at fair value ( j ) $ 129 $ 470 $ 182 $ 529 Total $ 13,325 $ 958 $ 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 were classified as investments in noncontrolled affiliates. In the 24 weeks ended June 17, 2017 , we recognized a pre-tax gain of $95 million ( $85 million after-tax or $0.06 per share), net of discount and fees, associated with the sale of our minority stake in Britvic. As of December 31, 2016 , the pre-tax unrealized gain on these available-for-sale equity securities was $72 million . (c) Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of June 17, 2017 , $6.3 billion and $6.7 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 June 17, 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 June 17, 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 June 17, 2017 and December 31, 2016 was $41 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) 6/17/2017 6/11/2016 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Foreign exchange $ (7 ) $ 5 $ 16 $ 24 $ (6 ) $ (12 ) Interest rate (41 ) (10 ) (35 ) 13 (48 ) 1 Commodity 17 (59 ) (1 ) (5 ) 1 3 Net investment — — 48 — — — Total $ (31 ) $ (64 ) $ 28 $ 32 $ (53 ) $ (8 ) 24 Weeks Ended Fair Value/Non- Cash Flow and Net Investment Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 6/17/2017 6/11/2016 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Foreign exchange $ (12 ) $ 38 $ 36 $ 40 $ (11 ) $ (33 ) Interest rate (19 ) (79 ) (54 ) (3 ) (78 ) (2 ) Commodity 20 (55 ) 1 (5 ) 3 6 Net investment — — 66 — — — Total $ (11 ) $ (96 ) $ 49 $ 32 $ (86 ) $ (29 ) (a) Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. Based on current market conditions, we expect to reclassify net losses of $24 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 June 17, 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	6 Months Ended
	Jun. 17, 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 6/17/2017 6/11/2016 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 2,105 $ 2,005 Preferred shares: Redemption premium — (1 ) Net income available for PepsiCo common shareholders $ 2,105 1,428 $ 2,004 1,443 Basic net income attributable to PepsiCo per common share $ 1.47 $ 1.39 Net income available for PepsiCo common shareholders $ 2,105 1,428 $ 2,004 1,443 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other — 12 — 12 Employee stock ownership plan (ESOP) convertible preferred stock — 1 1 1 Diluted $ 2,105 1,441 $ 2,005 1,456 Diluted net income attributable to PepsiCo per common share $ 1.46 $ 1.38 24 Weeks Ended 6/17/2017 6/11/2016 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 3,423 $ 2,936 Preferred shares: Redemption premium (2 ) (2 ) Net income available for PepsiCo common shareholders $ 3,421 1,428 $ 2,934 1,445 Basic net income attributable to PepsiCo per common share $ 2.40 $ 2.03 Net income available for PepsiCo common shareholders $ 3,421 1,428 $ 2,934 1,445 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other — 12 — 12 ESOP convertible preferred stock 2 1 2 1 Diluted $ 3,423 1,441 $ 2,936 1,458 Diluted net income attributable to PepsiCo per common share $ 2.38 $ 2.01 (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 24 Weeks Ended 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Out-of-the-money options (a) — — 0.7 1.4 Average exercise price per option $ — $ — $ 109.69 $ 98.99 (a) In millions.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 17, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Segment Reporting Information, By Segment	Net revenue and operating profit of each division are as follows: 12 Weeks Ended 24 Weeks Ended Net Revenue 6/17/2017 6/11/2016 6/17/2017 6/11/2016 FLNA $ 3,678 $ 3,564 $ 7,177 $ 6,982 QFNA 553 561 1,151 1,178 NAB 5,242 5,145 9,702 9,506 Latin America 1,823 1,717 2,900 2,759 ESSA 2,812 2,660 4,257 4,019 AMENA 1,602 1,748 2,572 2,813 Total division $ 15,710 $ 15,395 $ 27,759 $ 27,257 12 Weeks Ended 24 Weeks Ended Operating Profit 6/17/2017 6/11/2016 6/17/2017 6/11/2016 FLNA $ 1,153 $ 1,083 $ 2,213 $ 2,101 QFNA 146 146 310 312 NAB 894 881 1,399 1,366 Latin America 228 242 360 417 ESSA (a) 501 337 603 404 AMENA (b) 307 383 478 235 Total division 3,229 3,072 5,363 4,835 Corporate Unallocated (239 ) (108 ) (440 ) (252 ) $ 2,990 $ 2,964 $ 4,923 $ 4,583 (a) Operating profit for ESSA for the 12 and 24 weeks ended June 17, 2017 includes a gain of $95 million associated with the sale of our minority stake in Britvic. (b) Operating profit for AMENA for the 24 weeks ended June 11, 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 6/17/2017 12/31/2016 FLNA $ 5,839 $ 5,731 QFNA 829 811 NAB 29,274 28,172 Latin America 4,839 4,568 ESSA 13,365 12,302 AMENA 5,472 5,261 Total division 59,618 56,845 Corporate (a) 17,325 16,645 $ 76,943 $ 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 and21

Restructuring, Impairment and Integration Charges Restructuring, Impairment and Integration Charges (Tables)	6 Months Ended
	Jun. 17, 2017
Restructuring Cost and Reserve [Line Items]
Summary Of 2014 Productivity Plan Activity [Table Text Block]	12 Weeks Ended 6/17/2017 6/11/2016 Severance and Other Asset Other Total Severance and Other Asset Impairments Other Costs Total FLNA $ 3 $ — $ — $ 3 $ 1 $ — $ 2 $ 3 QFNA — — — — — — 1 1 NAB — — — — 3 1 2 6 Latin America 21 2 2 25 27 — 1 28 ESSA (a) 6 — (3 ) 3 2 2 4 8 AMENA — — 2 2 — 2 — 2 Corporate 1 — — 1 1 — — 1 $ 31 $ 2 $ 1 $ 34 $ 34 $ 5 $ 10 $ 49 (a) Income amount primarily reflects a gain on the sale of property, plant and equipment. 24 Weeks Ended 6/17/2017 6/11/2016 Severance and Other Asset Other Total Severance and Other Asset Impairments Other Total FLNA (a) $ 4 $ — $ — $ 4 $ (3 ) $ — $ 2 $ (1 ) QFNA — — — — — — 1 1 NAB — — 2 2 10 1 2 13 Latin America 33 13 3 49 27 — 1 28 ESSA (b) 10 — (3 ) 7 3 11 13 27 AMENA (b) — — (4 ) (4 ) 3 4 — 7 Corporate 2 — 1 3 2 — 2 4 $ 49 $ 13 $ (1 ) $ 61 $ 42 $ 16 $ 21 $ 79 (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 $800 million : 2014 Productivity Plan Costs to Date Severance and Other Employee Costs Asset Impairments Other Costs Total FLNA $ 68 $ 9 $ 23 $ 100 QFNA 15 — 6 21 NAB 97 68 84 249 Latin America 85 26 27 138 ESSA 91 37 53 181 AMENA 21 6 16 43 Corporate 19 — 49 68 $ 396 $ 146 $ 258 $ 800 A summary of our 2014 Productivity Plan activity for the 24 weeks ended June 17, 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 49 13 (1 ) 61 Cash payments (19 ) — (6 ) (25 ) Non-cash charges and translation (5 ) (13 ) 10 (8 ) Liability as of June 17, 2017 $ 113 $ — $ 11 $ 124

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 17, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of our amortizable intangible assets is as follows: 6/17/2017 12/31/2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 832 $ (117 ) $ 715 $ 827 $ (108 ) $ 719 Reacquired franchise rights 106 (103 ) 3 106 (102 ) 4 Brands 1,291 (998 ) 293 1,277 (977 ) 300 Other identifiable intangibles 552 (307 ) 245 522 (308 ) 214 $ 2,781 $ (1,525 ) $ 1,256 $ 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 6/17/2017 FLNA Goodwill $ 270 $ 3 $ 273 Brands 23 — 23 293 3 296 QFNA Goodwill 175 — 175 NAB Goodwill 9,843 (11 ) 9,832 Reacquired franchise rights 7,064 15 7,079 Acquired franchise rights 1,512 3 1,515 Brands 314 24 338 18,733 31 18,764 Latin America Goodwill 553 6 559 Brands 150 2 152 703 8 711 ESSA Goodwill 3,177 215 3,392 Reacquired franchise rights 488 42 530 Acquired franchise rights 184 11 195 Brands 2,358 175 2,533 6,207 443 6,650 AMENA Goodwill 412 12 424 Brands 103 4 107 515 16 531 Total goodwill 14,430 225 14,655 Total reacquired franchise rights 7,552 57 7,609 Total acquired franchise rights 1,696 14 1,710 Total brands 2,948 205 3,153 $ 26,626 $ 501 $ 27,127

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 17, 2017
Income Tax Disclosure [Abstract]
Reserves Rollforward	A rollforward of our reserves for all federal, state and foreign tax jurisdictions is as follows: 6/17/2017 12/31/2016 Balance, beginning of year $ 1,885 $ 1,547 Additions for tax positions related to the current year 144 349 Additions for tax positions from prior years 6 139 Reductions for tax positions from prior years (8 ) (70 ) Settlement payments (4 ) (26 ) Statutes of limitations expiration (8 ) (27 ) Translation and other 30 (27 ) Balance, end of period $ 2,045 $ 1,885

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 17, 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 24 Weeks Ended 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Share-based compensation expense - equity awards $ 71 $ 54 $ 143 $ 123 Share-based compensation expense - liability awards 3 1 7 3 Restructuring and impairment charges 1 1 2 2 Total $ 75 $ 56 $ 152 $ 128
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: 24 Weeks Ended 6/17/2017 6/11/2016 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 2.8 $ 109.76 2.9 $ 98.83 (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: 24 Weeks Ended 6/17/2017 6/11/2016 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 B25

Pension and Retiree Medical Benefits (Tables)	6 Months Ended
	Jun. 17, 2017
Retirement Benefits [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 6/17/2017 6/11/2016 6/17/2017 6/11/2016 6/17/2017 6/11/2016 U.S. International Service cost $ 92 $ 90 $ 21 $ 21 $ 7 $ 7 Interest cost 108 112 21 24 8 10 Expected return on plan assets (196 ) (192 ) (40 ) (42 ) (5 ) (6 ) Amortization of prior service cost/(credits) 1 — — — (6 ) (8 ) Amortization of net losses/(gains) 28 39 12 10 (3 ) (1 ) 33 49 14 13 1 2 Settlement/curtailment loss — — — 6 — — Special termination benefits 1 1 — — — — Total expense $ 34 $ 50 $ 14 $ 19 $ 1 $ 2

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 17, 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 24 Weeks Ended 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Affected Line Item in the Income Statement Cash flow hedges: Foreign exchange contracts $ — $ 1 $ — $ 1 Net revenue Foreign exchange contracts (6 ) (13 ) (11 ) (34 ) Cost of sales Interest rate derivatives (48 ) 1 (78 ) (2 ) Interest expense Commodity contracts 2 2 4 3 Cost of sales Commodity contracts (1 ) 1 (1 ) 3 Selling, general and administrative expenses Net gains before tax (53 ) (8 ) (86 ) (29 ) Tax amounts 19 2 30 7 Net gains after tax $ (34 ) $ (6 ) $ (56 ) $ (22 ) Pension and retiree medical items: Amortization of prior service credits (a) $ (5 ) $ (8 ) $ (11 ) $ (17 ) Amortization of net losses (a) 37 48 71 94 Settlement/curtailment (a) — 6 — 6 Net losses before tax 32 46 60 83 Tax amounts (9 ) (14 ) (18 ) (26 ) Net losses after tax $ 23 $ 32 $ 42 $ 57 Available-for-sale securities: Sale of Britvic securities $ (99 ) $ — $ (99 ) $ — Selling, general and administrative expenses Tax amount 10 — 10 — Net gain after tax $ (89 ) $ — $ (89 ) $ — Total net (gains)/losses reclassified, net of tax $ (100 ) $ 26 $ (103 ) $ 35 (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)	6 Months Ended
	Jun. 17, 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 June 17, 2017 and December 31, 2016 are as follows: Notional Amounts (a) 6/17/2017 12/31/2016 Foreign exchange $ 1.6 $ 1.6 Interest rate $ 14.2 $ 11.2 Commodity $ 0.9 $ 0.8 Net investment $ 1.4 $ 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 June 17, 2017 and December 31, 2016 are categorized as follows: 6/17/2017 12/31/2016 Assets (a) Liabilities (a) Assets (a) Liabilities (a) Available-for-sale securities: Equity securities (b) $ — $ — $ 82 $ — Debt securities (c) 12,959 — 11,369 — $ 12,959 $ — $ 11,451 $ — Short-term investments (d) $ 211 $ — $ 193 $ — Prepaid forward contracts (e) $ 26 $ — $ 25 $ — Deferred compensation (f) $ — $ 488 $ — $ 472 Derivatives designated as fair value hedging instruments: Interest rate (g) $ 65 $ 51 $ 66 $ 71 Derivatives designated as cash flow hedging instruments: Foreign exchange (h) $ 16 $ 24 $ 51 $ 8 Interest rate (h) — 354 — 408 Commodity (i) 1 1 2 1 $ 17 $ 379 $ 53 $ 417 Derivatives not designated as hedging instruments: Foreign exchange (h) $ 12 $ 2 $ 2 $ 15 Commodity (i) 35 38 61 26 $ 47 $ 40 $ 63 $ 41 Total derivatives at fair value ( j ) $ 129 $ 470 $ 182 $ 529 Total $ 13,325 $ 958 $ 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 were classified as investments in noncontrolled affiliates. In the 24 weeks ended June 17, 2017 , we recognized a pre-tax gain of $95 million ( $85 million after-tax or $0.06 per share), net of discount and fees, associated with the sale of our minority stake in Britvic. As of December 31, 2016 , the pre-tax unrealized gain on these available-for-sale equity securities was $72 million . (c) Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of June 17, 2017 , $6.3 billion and $6.7 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 June 17, 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 June 17, 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 June 17, 2017 and December 31, 2016 was $41 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) 6/17/2017 6/11/2016 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Foreign exchange $ (7 ) $ 5 $ 16 $ 24 $ (6 ) $ (12 ) Interest rate (41 ) (10 ) (35 ) 13 (48 ) 1 Commodity 17 (59 ) (1 ) (5 ) 1 3 Net investment — — 48 — — — Total $ (31 ) $ (64 ) $ 28 $ 32 $ (53 ) $ (8 ) 24 Weeks Ended Fair Value/Non- Cash Flow and Net Investment Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 6/17/2017 6/11/2016 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Foreign exchange $ (12 ) $ 38 $ 36 $ 40 $ (11 ) $ (33 ) Interest rate (19 ) (79 ) (54 ) (3 ) (78 ) (2 ) Commodity 20 (55 ) 1 (5 ) 3 6 Net investment — — 66 — — — Total $ (11 ) $ (96 ) $ 49 $ 32 $ (86 ) $ (29 ) (a) Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. Based on current market conditions, we expect to reclassify net losses of $24 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 June 17, 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 Pe28

Net Income Attributable to PepsiCo per Common Share (Tables)	6 Months Ended
	Jun. 17, 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 6/17/2017 6/11/2016 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 2,105 $ 2,005 Preferred shares: Redemption premium — (1 ) Net income available for PepsiCo common shareholders $ 2,105 1,428 $ 2,004 1,443 Basic net income attributable to PepsiCo per common share $ 1.47 $ 1.39 Net income available for PepsiCo common shareholders $ 2,105 1,428 $ 2,004 1,443 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other — 12 — 12 Employee stock ownership plan (ESOP) convertible preferred stock — 1 1 1 Diluted $ 2,105 1,441 $ 2,005 1,456 Diluted net income attributable to PepsiCo per common share $ 1.46 $ 1.38 24 Weeks Ended 6/17/2017 6/11/2016 Income Shares (a) Income Shares (a) Net income attributable to PepsiCo $ 3,423 $ 2,936 Preferred shares: Redemption premium (2 ) (2 ) Net income available for PepsiCo common shareholders $ 3,421 1,428 $ 2,934 1,445 Basic net income attributable to PepsiCo per common share $ 2.40 $ 2.03 Net income available for PepsiCo common shareholders $ 3,421 1,428 $ 2,934 1,445 Dilutive securities: Stock options, RSUs, PSUs, PEPunits and Other — 12 — 12 ESOP convertible preferred stock 2 1 2 1 Diluted $ 3,423 1,441 $ 2,936 1,458 Diluted net income attributable to PepsiCo per common share $ 2.38 $ 2.01 (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 24 Weeks Ended 6/17/2017 6/11/2016 6/17/2017 6/11/2016 Out-of-the-money options (a) — — 0.7 1.4 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			6 Months Ended
	Jun. 17, 2017		Jun. 11, 2016	Jun. 17, 2017		Jun. 11, 2016
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ 2,990		$ 2,964	$ 4,923		$ 4,583
Gain (Loss) on Sale of Equity Investments	95			95
Net Revenue	$ 15,710		15,395	27,759		27,257
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)				$ 0		373
indirect equity investment percentage	5.00%			5.00%
FLNA
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ 1,153		1,083	$ 2,213		2,101
Net Revenue	3,678		3,564	7,177		6,982
QFNA
Segment Reporting Information [Line Items]
Operating Income (Loss)	146		146	310		312
Net Revenue	553		561	1,151		1,178
North America Beverages [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	894		881	1,399		1,366
Net Revenue	5,242		5,145	9,702		9,506
Latin America [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	228		242	360		417
Net Revenue	1,823		1,717	2,900		2,759
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Operating Income (Loss)	501	[1]	337	603	[1]	404
Net Revenue	2,812		2,660	4,257		4,019
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Operating Income (Loss)	307		383	478		235	[2]
Net Revenue	1,602		1,748	2,572		2,813
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)						373
Total Division
Segment Reporting Information [Line Items]
Operating Income (Loss)	3,229		3,072	5,363		4,835
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ (239)		$ (108)	$ (440)		$ (252)
[1]	Operating profit for ESSA for the 12 and 24 weeks ended June 17, 2017 includes a gain of $95 million associated with the sale of our minority stake in Britvic.
[2]	Operating profit for AMENA for the 24 weeks ended June 11, 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 Information30

Segment Reporting Information by Total Assets (Detail) - USD ($) $ in Millions		Jun. 17, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Assets		$ 76,943	$ 73,490
FLNA
Segment Reporting Information [Line Items]
Assets		5,839	5,731
QFNA
Segment Reporting Information [Line Items]
Assets		829	811
Latin America [Member]
Segment Reporting Information [Line Items]
Assets		4,839	4,568
North America Beverages [Member]
Segment Reporting Information [Line Items]
Assets		29,274	28,172
Europe Sub-Saharan Africa
Segment Reporting Information [Line Items]
Assets		13,365	12,302
Asia Middle East and North Africa
Segment Reporting Information [Line Items]
Assets		5,472	5,261
Total Division
Segment Reporting Information [Line Items]
Assets		59,618	56,845
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Assets	[1]	17,325	16,645
Assets, Total [Member]
Segment Reporting Information [Line Items]
Assets		$ 76,943	$ 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 Pronounceme31

Recent Accounting Pronouncements Recent Accounting Pronouncements (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016	Dec. 31, 2016
Recently Issued Accounting Pronouncement [Line Items]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation				$ 56,000,000
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets					$ 639,000,000
Income Statement Location [Member]
Recently Issued Accounting Pronouncement [Line Items]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 11,000,000	$ 3,000,000	$ 71,000,000	56,000,000
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 0.01		0.05	0.04
Cash Flow Statement Location [Member]
Recently Issued Accounting Pronouncement [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			$ 222,000,000	$ 186,000,000

Restructuring, Impairment and32

Restructuring, Impairment and Integration Charges 2014 Productivity Plan Activity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 17, 2017		Jun. 11, 2016	Jun. 17, 2017		Jun. 11, 2016
Restructuring Cost and Reserve [Line Items]
Cash payments for restructuring charges				$ (25)		$ (67)
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 800			800
Restructuring Reserve - Period Start				96
Restructuring, Settlement and Impairment Provisions	34		$ 49	61		79
Cash payments for restructuring charges				(25)
Restructuring Reserve, Settled without Cash				(8)
Restructuring Reserve - Period End	124			124
Restructuring Charges After Tax	$ 31		$ 31	$ 58		$ 56
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.02		$ 0.02	$ 0.04		$ 0.04
Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 396			$ 396
Restructuring Reserve - Period Start				88
Restructuring, Settlement and Impairment Provisions	31		$ 34	49		$ 42
Cash payments for restructuring charges				(19)
Restructuring Reserve, Settled without Cash				(5)
Restructuring Reserve - Period End	113			113
Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	146			146
Restructuring Reserve - Period Start				0
Restructuring, Settlement and Impairment Provisions	2		5	13		16
Cash payments for restructuring charges				0
Restructuring Reserve, Settled without Cash				(13)
Restructuring Reserve - Period End	0			0
Other Costs [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Period Start				8
Restructuring, Settlement and Impairment Provisions				(1)
Cash payments for restructuring charges				(6)
Restructuring Reserve, Settled without Cash				10
Restructuring Reserve - Period End	11			11
Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	258			258
Restructuring, Settlement and Impairment Provisions	1		10	(1)		21
FLNA | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	100			100
Restructuring, Settlement and Impairment Provisions	3		3	4		(1)	[1]
FLNA | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	68			68
Restructuring, Settlement and Impairment Provisions	3		1	4		(3)	[1]
FLNA | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	9			9
Restructuring, Settlement and Impairment Provisions	0		0	0		0
FLNA | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	23			23
Restructuring, Settlement and Impairment Provisions	0		2	0		2
Quaker Foods North America [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	21			21
Restructuring, Settlement and Impairment Provisions	0		1	0		1
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			15
Restructuring, Settlement and Impairment Provisions	0		0	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			0
Restructuring, Settlement and Impairment Provisions	0		0	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			6
Restructuring, Settlement and Impairment Provisions	0		1	0		1
North America Beverages [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	249			249
Restructuring, Settlement and Impairment Provisions	0		6	2		13
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			97
Restructuring, Settlement and Impairment Provisions	0		3	0		10
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			68
Restructuring, Settlement and Impairment Provisions	0		1	0		1
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			84
Restructuring, Settlement and Impairment Provisions	0		2	2		2
Latin America [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	138			138
Restructuring, Settlement and Impairment Provisions	25		28	49		28
Latin America [Member] | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	85			85
Restructuring, Settlement and Impairment Provisions	21		27	33		27
Latin America [Member] | Asset Impairment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	26			26
Restructuring, Settlement and Impairment Provisions	2		0	13		0
Latin America [Member] | Other Restructuring [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	27			27
Restructuring, Settlement and Impairment Provisions	2		1	3		1
Europe Sub-Saharan Africa [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	181			181
Restructuring, Settlement and Impairment Provisions	3		8	7		27
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	91			91
Restructuring, Settlement and Impairment Provisions	6		2	10		3
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			37
Restructuring, Settlement and Impairment Provisions	0		2	0		11
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	53			53
Restructuring, Settlement and Impairment Provisions	(3)	[1]	4	(3)	[2]	13
Asia Middle East and North Africa | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	43			43
Restructuring, Settlement and Impairment Provisions	2		2	(4)	[2]	7
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			21
Restructuring, Settlement and Impairment Provisions	0		0	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			6
Restructuring, Settlement and Impairment Provisions	0		2	0		4
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	16			16
Restructuring, Settlement and Impairment Provisions	2		0	(4)	[2]	0
Corporate, Non-Segment [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	68			68
Restructuring, Settlement and Impairment Provisions	1		1	3		4
Corporate, Non-Segment [Member] | Employee Severance [Member] | 2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	19			19
Restructuring, Settlement and Impairment Provisions	1		1	2		2
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			0
Restructuring, Settlement and Impairment Provisions	0		0	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			49
Restructuring, Settlement and Impairment Provisions	$ 0		$ 0	$ 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		6 Months Ended
	Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 34	$ 49	$ 61	$ 79
Restructuring, Settlement and Impairment Provisions, After Tax	$ 31	$ 31	$ 58	$ 56
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.02	$ 0.02	$ 0.04	$ 0.04

Intangible Assets Amortizable I

Intangible Assets Amortizable Intangible Assets, net (Detail) - USD ($) $ in Millions	Jun. 17, 2017	Dec. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 2,781	$ 2,732
Finite-Lived Intangible Assets, Accumulated Amortization	(1,525)	(1,495)
Amortizable Intangible Assets, net	1,256	1,237
Other Identifiable Intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	552	522
Finite-Lived Intangible Assets, Accumulated Amortization	(307)	(308)
Amortizable Intangible Assets, net	245	214
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,291	1,277
Finite-Lived Intangible Assets, Accumulated Amortization	(998)	(977)
Amortizable Intangible Assets, net	293	300
Reacquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	106	106
Finite-Lived Intangible Assets, Accumulated Amortization	(103)	(102)
Amortizable Intangible Assets, net	3	4
Acquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	832	827
Finite-Lived Intangible Assets, Accumulated Amortization	(117)	(108)
Amortizable Intangible Assets, net	$ 715	$ 719

Change in Book Value of Nonamor

Change in Book Value of Nonamortizable Intangible Assets (Detail) $ in Millions	6 Months Ended
	Jun. 17, 2017USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	$ 26,626
Translation and Other	501
Balance, End	27,127
FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	293
Translation and Other	3
Balance, End	296
Latin America [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	703
Translation and Other	8
Balance, End	711
North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	18,733
Translation and Other	31
Balance, End	18,764
Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	6,207
Translation and Other	443
Balance, End	6,650
Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	515
Translation and Other	16
Balance, End	531
Goodwill
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	14,430
Translation and Other	225
Balance, End	14,655
Goodwill | FLNA
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	270
Translation and Other	3
Balance, End	273
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	6
Balance, End	559
Goodwill | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	9,843
Translation and Other	(11)
Balance, End	9,832
Goodwill | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	3,177
Translation and Other	215
Balance, End	3,392
Goodwill | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	412
Translation and Other	12
Balance, End	424
Brands
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	2,948
Translation and Other	205
Balance, End	3,153
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	2
Balance, End	152
Brands | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	314
Translation and Other	24
Balance, End	338
Brands | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	2,358
Translation and Other	175
Balance, End	2,533
Brands | Asia Middle East and North Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	103
Translation and Other	4
Balance, End	107
Reacquired Franchise Rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,552
Translation and Other	57
Balance, End	7,609
Reacquired Franchise Rights | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	7,064
Translation and Other	15
Balance, End	7,079
Reacquired Franchise Rights | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	488
Translation and Other	42
Balance, End	530
Acquired franchise rights
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	1,696
Translation and Other	14
Balance, End	1,710
Acquired franchise rights | North America Beverages [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	1,512
Translation and Other	3
Balance, End	1,515
Acquired franchise rights | Europe Sub-Saharan Africa
Indefinite-lived Intangible Assets [Roll Forward]
Balance, Beginning	184
Translation and Other	11
Balance, End	$ 195

Rollforward of Reserves for Fed

Rollforward of Reserves for Federal State and Foreign Tax Jurisdictions (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 17, 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	144	349
Additions for tax positions from prior years	6	139
Reductions for tax positions from prior years	(8)	(70)
Settlement payments	(4)	(26)
Statute of limitations expiration	(8)	(27)
Translation and other	30	(27)
Balance, end of period	$ 2,045	$ 1,885

Weighted Average Black Scholes

Weighted Average Black Scholes Fair Value Assumptions (Detail)	6 Months Ended
	Jun. 17, 2017	Jun. 11, 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		6 Months Ended
		Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost		$ 71	$ 54	$ 143	$ 123
Compensation cost for share-based liabilities		3	1	7	3
Recognized stock-based compensation expense		75	56	152	128
Share based liability awards granted, target				19	17
Share-based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring, Settlement and Impairment Provisions		$ 1	$ 1	$ 2	$ 2
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	[1]			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]			2.8	2.9
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Price				$ 109.76	$ 98.83
[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 ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016	Dec. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Average Remaining Service Period of Active Plan Participants, Pension Expense			11
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 6	$ 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	$ 9		$ 19
Cost Savings Related to Reorganization of U.S. Pension Plans Net of Tax	6		$ 12
Cost Savings Related to Reorganization of U.S. Pension Plans Net of Tax, Earnings per Share			$ 0.01
Scenario, Forecast [Member]
Defined Benefit Plan Disclosure [Line Items]
Cost Savings Related to Reorganization of U.S. Pension Plans					$ 40
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	92	$ 90	$ 185	181
Interest cost	108	112	216	223
Expected return on plan assets	(196)	(192)	(392)	(384)
Amortization of prior service cost/(credits)	1		1
Amortization of net losses/(gains)	28	39	56	77
Gross total	33	49	66	97
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits	1	1	2	1
Total expense	34	50	68	98
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	7	7	13	14
Interest cost	8	10	17	19
Expected return on plan assets	(5)	(6)	(10)	(11)
Amortization of prior service cost/(credits)	(6)	(8)	(12)	(17)
Amortization of net losses/(gains)	(3)	(1)	(6)	(1)
Gross total	1	2	2	4
Total expense	1	2	2	4
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	21	21	37	36
Interest cost	21	24	36	42
Expected return on plan assets	(40)	(42)	(70)	(73)
Amortization of net losses/(gains)	12	10	21	18
Gross total	14	13	24	23
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits		6		6
Total expense	$ 14	$ 19	$ 24	$ 29

Debt Obligations and Commitme40

Debt Obligations and Commitments - Additional Information (Detail) CAD in Millions, $ in Millions	6 Months Ended
	Jun. 17, 2017USD ($)	Jun. 17, 2017CAD	Jun. 06, 2016USD ($)
Debt Instrument [Line Items]
Repayments of Debt	$ 1,000
Commercial Paper	1,800
Notes Due 2019 [Member] | Variable Income Interest Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	350
Notes Due 2019 [Member] | One Point Five Five Zero Percent Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	750
Notes Due 2022 [Member] | Variable Income Interest Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	400
Notes Due 2022 [Member] | Two Point Two Five Zero Percent Notes Due 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750
Two Point One Five Zero Percent Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.15%	2.15%
Four Point Zero Percent Notes Due 2047 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.00%	4.00%
Notes Due 2047 [Member] | Four Point Zero Percent Notes Due 2047 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750
Two Point Two Five Zero Percent Notes Due 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.25%	2.25%
One Point Five Five Zero Percent Notes Due 2019 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.55%	1.55%
Five-Year Unsecured Revolving Credit Agreement (Five-Year Credit Agreement) [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 3,750		$ 3,722.5
Line of Credit Facility, Maximum Borrowing Capacity	4,500
Notes Due 2024 [Member] | Two Point One Five Zero Percent Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount | CAD		CAD 750
364-Day Unsecured Revolving Credit Agreement (364-Day Credit Agreement) [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	3,750		$ 3,722.5
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,500

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016
Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		$ (89)	$ 0	$ (89)	$ 0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax		10	0	10	0
Losses/(gains) on cash flow hedges:
Total before tax		(53)	(8)	(86)	(29)
Tax amounts		19	2	30	7
Net gains after tax		(34)	(6)	(56)	(22)
Amortization of pension and retiree medical items:
Amortization of prior service credits (a)	[1]	(5)	(8)	(11)	(17)
Net actuarial losses	[1]	37	48	71	94
Settlement/Curtailment - Reclassifications from AOCI	[1]	0	6	0	6
Total before tax		32	46	60	83
Tax amounts		(9)	(14)	(18)	(26)
Net losses after tax		23	32	42	57
Total net (gains)/losses reclassified, net of tax		(100)	26	(103)	35
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax		(99)	0	(99)	0
Cash Flow Hedges
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(53)	(8)	(86)	(29)
Cash Flow Hedges | Foreign exchange contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[2]	(6)	(12)	(11)	(33)
Cash Flow Hedges | Foreign exchange contracts | Sales Revenue, Net [Member]
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges			1		1
Cash Flow Hedges | Foreign exchange contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(6)	(13)	(11)	(34)
Cash Flow Hedges | Interest rate derivatives
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[2]	(48)	1	(78)	(2)
Cash Flow Hedges | Interest rate derivatives | Interest Expense
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		(48)	1	(78)	(2)
Cash Flow Hedges | Commodity contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	[2]	1	3	3	6
Cash Flow Hedges | Commodity contracts | Cost of Sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		2	2	4	3
Cash Flow Hedges | Commodity contracts | Selling, General and Administrative Expenses
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges		$ (1)	$ 1	$ (1)	$ 3
[1]	These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).
[2]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 17, 2017	Jun. 17, 2017	Jun. 11, 2016	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Sale of Equity Investments	$ 95	$ 95
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax				$ 72
Debt Instrument, Fair Value Disclosure	41,000	41,000		38,000
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)		0	$ 373
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	900	900		800
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	1,600	1,600		1,600
Interest rate derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	14,200	14,200		11,200
Asia Middle East and North Africa
Derivative Instruments, Gain (Loss) [Line Items]
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)			$ 373
Tingyi Charge per share			$ 0.26
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 1,400	$ 1,400		$ 800

Fair Values of Financial Assets

Fair Values of Financial Assets and Liabilities (Detail) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Gain (Loss) on Sale of Equity Investments		$ 95		$ 95
Derivative Asset, Fair Value, Gross Asset	[1],[2]	129		129		$ 182
Gain (Loss) on Sale of Equity Investments, after tax				$ 85
Gain (Loss) on Sale of Equity Investments, net of tax, per share amount				$ 0.06
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax						72
Short-term Investments		6,878		$ 6,878		6,967
Derivatives not designated as hedging instruments:
Prepaid Forward Asset Fair Value	[2],[3]	0		0		0
Deferred Compensation Liability, Current and Noncurrent	[2],[4]	0		0		0
Derivative Liability, Fair Value, Gross Liability	[1],[2]	470		470		529
Total Financial Assets At Fair Value	[2]	13,325		13,325		11,851
Total Financial Liabilities At Fair Value	[2]	958		958		1,001
Derivatives Designated As Fair Value Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	[2],[5]	65		65		66
Derivatives Designated As Fair Value Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Liability at Fair Value	[2],[5]	51		51		71
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax		(31)	$ (64)	(11)	$ (96)
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		28	32	49	32
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)		(53)	(8)	(86)	(29)
Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value	[2]	17		17		53
Derivatives not designated as hedging instruments:
Foreign Currency Cash Flow Hedge Asset at Fair Value	[2],[6]	16		16		51
Interest Rate Cash Flow Hedge Asset at Fair Value	[2],[6]	0		0		0
Price Risk Cash Flow Hedge Asset, at Fair Value	[2],[7]	1		1		2
Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]
Derivatives not designated as hedging instruments:
Foreign Currency Cash Flow Hedge Liability at Fair Value	[2],[6]	24		24		8
Interest Rate Cash Flow Hedge Liability at Fair Value	[2],[6]	354		354		408
Price Risk Cash Flow Hedge Liability, at Fair Value	[2],[7]	1		1		1
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value	[2]	379		379		417
Derivatives Not Designated As Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Price Risk Derivative Instruments Not Designated as Hedging Instruments Asset, at Fair Value	[2],[7]	35		35		61
Derivatives not designated as hedging instruments:
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	[2],[6]	12		12		2
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	[2]	47		47		63
Derivatives Not Designated As Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Price Risk Derivative Instruments Not Designated as Hedging Instruments Liability, at Fair Value	[2],[7]	38		38		26
Derivatives not designated as hedging instruments:
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	[2],[6]	2		2		15
Other Derivatives Not Designated as Hedging Instruments Liabilities at Fair Value	[2]	40		40		41
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[8]	(7)	5	(12)	38
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		16	24	36	40
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[9]	(6)	(12)	(11)	(33)
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[8]	(41)	(10)	(19)	(79)
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		(35)	13	(54)	(3)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[9]	(48)	1	(78)	(2)
Commodity contracts | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[8]	17	(59)	20	(55)
Commodity contracts | Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(1)	(5)	1	(5)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[9]	1	$ 3	3	$ 6
Cash Equivalents [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		6,300		6,300		4,600
Short-term Investments [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities		6,700		6,700		6,800
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	[2]	12,959		12,959		11,451
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale securities	[2]	0		0		0
Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale Securities, Equity Securities	[2],[10]	0		0		82
Derivatives not designated as hedging instruments:
Prepaid Forward Asset Fair Value	[2],[3]	26		26		25
Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale Securities, Equity Securities	[2],[10]	0		0		0
Derivatives not designated as hedging instruments:
Deferred Compensation Liability, Current and Noncurrent	[2],[4]	488		488		472
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale Securities, Debt Securities	[2],[11]	12,959		12,959		11,369
Short-term Investments	[2],[12]	211		211		193
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Available-for-sale Securities, Debt Securities	[2],[11]	0		0		0
Short-term Investments	[2],[12]	$ 0		$ 0		$ 0
[1]	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 June 17, 2017 and December 31, 2016 were not material. Collateral received against any of our asset positions was not material.
[2]	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.
[3]	Based primarily on the price of our common stock.
[4]	Based on the fair value of investments corresponding to employees’ investment elections.
[5]	Based on LIBOR forward rates.
[6]	Based on recently reported market transactions of spot and forward rates.
[7]	Based on recently reported market transactions, primarily swap arrangements.
[8]	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.
[9]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[10]	Based on the price of common stock. Categorized as a Level 1 asset. These equity securities were classified as investments in noncontrolled affiliates. In the 24 weeks ended June 17, 2017, we recognized a pre-tax gain of $95 million ($85 million after-tax or $0.06 per share), net of discount and fees, associated with the sale of our minority stake in Britvic. As of December 31, 2016, the pre-tax unrealized gain on these available-for-sale equity securities was $72 million.
[11]	Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of June 17, 2017, $6.3 billion and $6.7 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 June 17, 2017 and December 31, 2016 were not material. All of our available-for-sale debt securities have maturities of one year or less.
[12]	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.

Effective Portion of Pre Tax Ga

Effective Portion of Pre Tax Gains and Losses on Derivative Instruments (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Debt Instrument, Fair Value Disclosure		$ 41,000		$ 41,000		$ 38,000
Gain (Loss) on Sale of Equity Investments		95		95
Gain (Loss) on Sale of Equity Investments, after tax				85
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)		(31)	$ (64)	(11)	$ (96)
Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		28	32	49	32
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)		(53)	(8)	(86)	(29)
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]	(7)	5	(12)	38
Foreign Exchange Forward [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		16	24	36	40
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	(6)	(12)	(11)	(33)
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]	(41)	(10)	(19)	(79)
Interest Rate Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		(35)	13	(54)	(3)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	(48)	1	(78)	(2)
Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months				24
Commodity Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]	17	(59)	20	(55)
Commodity Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		(1)	(5)	1	(5)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]	1	$ 3	3	6
Net Investment Hedging [Member] | Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	[1]			0	0
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss		$ 48		66	0
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	[2]			$ 0	$ 0
[1]	Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[2]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Financial Instruments Tingyi (D

Financial Instruments Tingyi (Detail) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 17, 2017	Jun. 11, 2016
Schedule of Equity Method Investments [Line Items]
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)	$ 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]
Charge related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)		$ 373
Tingyi Charge per share		$ 0.26

Financial Instruments Hedging I

Financial Instruments Hedging Instruments - Notional Amounts (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016	Dec. 31, 2016
Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 1,600		$ 1,600		$ 1,600
Commodity Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount		900		900		800
Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount		14,200		14,200		$ 11,200
Fair Value/Non-designated Hedges
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax		31	$ 64	11	$ 96
Fair Value/Non-designated Hedges | Commodity Contract [Member]
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	(17)	59	(20)	55
Fair Value/Non-designated Hedges | Foreign Exchange Forward [Member]
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	7	(5)	12	(38)
Fair Value/Non-designated Hedges | Interest Rate Contract [Member]
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]	41	10	19	79
Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(28)	(32)	(49)	(32)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		53	8	86	29
Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		1	5	(1)	5
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	(1)	(3)	(3)	(6)
Cash Flow Hedging [Member] | Foreign Exchange Forward [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(16)	(24)	(36)	(40)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	6	12	11	33
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		35	(13)	54	3
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]	$ 48	$ (1)	$ 78	2
Interest Rate Contract [Member]
Derivative [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		44.00%		44.00%		38.00%
Net Investment Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 1,400		$ 1,400		$ 800
Net Investment Hedging [Member] | Net Investment Hedging [Member]
Derivative [Line Items]
Gain (Loss) on Derivative Instruments, Net, Pretax	[1]			0	0
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		$ (48)		(66)	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[2]			$ 0	$ 0
[1]	Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[2]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

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		6 Months Ended
		Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016
Earnings Per Share [Abstract]
Net income attributable to PepsiCo		$ 2,105	$ 2,005	$ 3,423	$ 2,936
Preferred Stock [Abstract]
Redemption premium		0	(1)	(2)	(2)
Net income available for PepsiCo common shareholders - Value		$ 2,105	$ 2,004	$ 3,421	$ 2,934
Net income available for PepsiCo common shareholders - Shares	[1]	1,428	1,443	1,428	1,445
Basic net income attributable to PepsiCo per common share (in dollars per share)		$ 1.47	$ 1.39	$ 2.40	$ 2.03
Dilutive Securities [Abstract]
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities		$ 0	$ 0	$ 0	$ 0
Stock options and RSUs - Shares	[1]	12	12	12	12
ESOP convertible preferred stock - Value			$ 1	$ 2	$ 2
ESOP convertible preferred stock - Shares	[1]	1	1	1	1
Diluted shares - Shares	[1]	1,441	1,456	1,441	1,458
Diluted net income attributable to PepsiCo per common share (in dollars per share)		$ 1.46	$ 1.38	$ 2.38	$ 2.01
[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		6 Months Ended
	Jun. 17, 2017	Jun. 11, 2016	Jun. 17, 2017	Jun. 11, 2016
Out-of-the-money options [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0.7	1.4
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Average Exercise per Share Amount	$ 0	$ 0	$ 109.69	$ 98.99