PepsiCo (PEP) 10-Q 28 Apr 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 21, 2020	Apr. 21, 2020
Document and Entity Information [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 21, 2020
Entity File Number	1-1183
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Registrant Name	PepsiCo, Inc.
Entity Incorporation, State or Country Code	NC
Entity Address, City or Town	Purchase
Entity Address, State or Province	NY
Entity Tax Identification Number	13-1584302
Entity Address, Address Line One	700 Anderson Hill Road
Entity Address, Postal Zip Code	10577
City Area Code	914
Local Phone Number	253-2000
Entity Common Stock, Shares Outstanding		1,387,500,433
Entity Central Index Key	0000077476
Current Fiscal Year End Date	--12-26
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Common stock, par value 1-2/3 cents per share [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value 1-2/3 cents per share
Trading Symbol	PEP
Name of Exchange on which Security is Registered	NASDAQ
Two Point Five Percent Notes Due 2022 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	2.500% Senior Notes Due 2022
Trading Symbol	PEP22a
Name of Exchange on which Security is Registered	NASDAQ
One Point Seven Five Percent Notes Due 2021 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	1.750% Senior Notes Due 2021
Trading Symbol	PEP21a
Name of Exchange on which Security is Registered	NASDAQ
Two Point Six Two Five Percent Notes Due 2026 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	2.625% Senior Notes Due 2026
Trading Symbol	PEP26
Name of Exchange on which Security is Registered	NASDAQ
Zero Point Eight Seven Five Percent Notes Due 2028 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	0.875% Senior Notes Due 2028
Trading Symbol	PEP28
Name of Exchange on which Security is Registered	NASDAQ
Zero Point Seven Five Percent Notes Due 2027 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	0.750% Senior Notes Due 2027
Trading Symbol	PEP27
Name of Exchange on which Security is Registered	NASDAQ
One Point One Two Five Percent Notes Due 2031 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	1.125% Senior Notes Due 2031
Trading Symbol	PEP31
Name of Exchange on which Security is Registered	NASDAQ
Zero Point Eight Seven Five Notes Due 2039 [Member]
Document and Entity Information [Line Items]
Title of 12(b) Security	0.875% Senior Notes Due 2039
Trading Symbol	PEP39
Name of Exchange on which Security is Registered	NASDAQ

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Income Statement [Abstract]
Net Revenue	$ 13,881	$ 12,884
Cost of sales	6,127	5,688
Gross profit	7,754	7,196
Selling, general and administrative expenses	5,830	5,188
Operating Profit	1,924	2,008
Other pension and retiree medical benefits income	77	64
Net interest expense and other	(290)	(204)
Income before income taxes	1,711	1,868
Provision for income taxes	360	446
Net income	1,351	1,422
Less: Net income attributable to noncontrolling interests	13	9
Net Income Attributable to PepsiCo	$ 1,338	$ 1,413
Earnings Per Share [Abstract]
Earnings Per Share, Basic	$ 0.96	$ 1.01
Earnings Per Share, Diluted	$ 0.96	$ 1
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic	1,390	1,406
Weighted Average Number of Shares Outstanding, Diluted	1,396	1,413

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 1,351	$ 1,422
Other Comprehensive Income
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	(754)	473
Cash flow hedges:
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(61)	(27)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	57	17
Other Comprehensive Income, Other, Net of Tax	1	0
Other Comprehensive Income (Loss), Net of Tax	(757)	463
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	594	1,885
Comprehensive income attributable to noncontrolling interests	(13)	(9)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 581	$ 1,876

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Operating Activities
Net income	$ 1,351	$ 1,422
Depreciation and amortization	533	498
Share-based compensation expense	61	57
Restructuring and impairment charges	38	26
Cash payments for restructuring charges	(60)	(52)
Pension and retiree medical plan expenses	40	47
Pension and retiree medical plan contributions	(234)	(260)
Deferred income taxes and other tax charges and credits	25	216
Tax Cuts and Jobs Act, Income Tax Expense (Benefit)	0	(29)
Change in assets and liabilities [Abstract]
Accounts and notes receivable	(784)	(406)
Inventories	(312)	(435)
Prepaid expenses and other current assets	(263)	(382)
Accounts payable and other current liabilities	(1,419)	(1,207)
Income taxes payable	204	120
Other, net	71	40
Net Cash Provided by (Used in) Operating Activities	(749)	(345)
Investing Activities
Capital spending	(484)	(442)
Sales of property, plant and equipment	5	2
Acquisition of SodaStream, net of cash and cash equivalents acquired	(9)	(1,807)
Acquisitions and investments in noncontrolled affiliates	(445)	(56)
Short-term investments, by original maturity [Abstract]
Short-term investments, by original maturity - three months or less, net	7	9
Other investing, net	1	(6)
Net Cash Provided by (Used in) Investing Activities	(925)	(2,300)
Financing Activities
Proceeds from Issuance of Long-term Debt	6,429	1,122
Payments of long-term debt	(1)	(1,851)
Short-term borrowings, by original maturity
More than three months - proceeds	164	2
More than three months - payments	(2)	0
Three months or less, net	2,794	115
Cash dividends paid	(1,349)	(1,332)
Share repurchases - common	(573)	(940)
Proceeds from exercises of stock options	78	103
Withholding tax payments on RSUs and PSUs converted	(76)	(93)
Other financing	(2)	(2)
Net Cash Provided by/(Used for) Financing Activities	7,462	(2,876)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(66)	57
Cash and Cash Equivalents and Restricted Cash, Period Increase (Decrease)	5,722	(5,464)
Cash and Cash Equivalents and Restricted Cash, Beginning of Year	5,570	10,769
Cash and Cash Equivalents and Restricted Cash, End of Period	11,292	5,305
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 148	$ 59

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 21, 2020	Dec. 28, 2019
Current Assets
Cash and cash equivalents	$ 11,089	$ 5,509
Short-term investments	158	229
Accounts and notes receivable, less allowance: 3/20 - $228 and 12/19 - $105	8,477	7,822
Inventories
Raw materials and packaging	1,502	1,395
Work-in-process	277	200
Finished goods	1,821	1,743
Inventory, Net, Total	3,600	3,338
Prepaid expenses and other current assets	944	747
Total Current Assets	24,268	17,645
Property, Plant and Equipment	42,696	43,003
Accumulated Depreciation	(23,716)	(23,698)
Property, Plant and Equipment, Net, Total	18,980	19,305
Amortizable Intangible Assets, net	1,443	1,433
Goodwill	15,465	15,501
Other Indefinite-Lived Intangible Assets	14,536	14,610
Indefinite-Lived Intangible Assets	30,001	30,111
Investments in Noncontrolled Affiliates	2,719	2,683
Deferred Income Tax Assets, Net	4,357	4,359
Other Assets	3,294	3,011
Total Assets	85,062	78,547
Current Liabilities
Short-term debt obligations	5,882	2,920
Accounts payable and other current liabilities	16,196	17,541
Total Current Liabilities	22,078	20,461
Long-term Debt Obligations	35,361	29,148
Deferred Income Tax Liabilities, Net	4,060	4,091
Other Liabilities	10,004	9,979
Liabilities	71,503	63,679
PepsiCo Common Shareholders' Equity
Common stock, par value 12/3¢ per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,389 and 1,391 shares, respectively)	23	23
Capital in excess of par value	3,741	3,886
Retained earnings	61,920	61,946
Accumulated other comprehensive loss	(15,057)	(14,300)
Repurchased common stock, in excess of par value (478 and 476 shares, respectively)	(37,162)	(36,769)
Total PepsiCo Common Shareholders’ Equity	13,465	14,786
Stockholders' Equity Attributable to Noncontrolling Interest	94	82
Total Equity	13,559	14,868
Total Liabilities and Equity	$ 85,062	$ 78,547

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 21, 2020	Dec. 28, 2019
Statement of Financial Position [Abstract]
Accounts and notes receivable, allowance	$ 228	$ 105
Common stock, Par value	$ 0.0167	$ 0.0167
Common stock, Authorized	3,600	3,600
Common stock, Issued	1,389	1,391
Repurchased common stock, shares	478	476

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Repurchased Common Stock	Total Common Shareholder's Equity	Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent		$ 23	$ 3,953	$ 59,947	$ (15,119)	$ (34,286)
Cumulative Effect of New Accounting Principle in Period of Adoption				8
Stockholders' Equity Attributable to Noncontrolling Interest								$ 84
Common Stock, Dividends, Per Share, Declared	$ 0.9275
Balance, beginning of year, shares at Dec. 29, 2018		1,409
Balance, end of year, shares at Mar. 23, 2019		1,404
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense			57
Stock option exercises, RSUs and PSUs converted			(164)			$ 279
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation			(93)
Shares issued, beginning of year at Dec. 29, 2018						(458)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares		(5)				(9)
Treasury Stock, Value, Acquired, Cost Method		$ 0
Stock Repurchased During Period, Value						$ (971)
Stock option exercises, shares						4
Other								1
Net income attributable to PepsiCo	$ 1,413			1,413
Cash dividends declared - common				(1,308)
Shares issued, end of period at Mar. 23, 2019						(463)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Less: Net income attributable to noncontrolling interests	9							9
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent					463
Stockholders' Equity Attributable to Parent		23	3,753	60,060	(14,656)	$ (34,978)	$ 14,202
Stockholders' Equity Attributable to Noncontrolling Interest								94
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	14,296
Stockholders' Equity Attributable to Parent	14,786	$ 23	3,886	61,946	(14,300)	(36,769)
Cumulative Effect of New Accounting Principle in Period of Adoption				(34)
Stockholders' Equity Attributable to Noncontrolling Interest	82							82
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 14,868
Common Stock, Dividends, Per Share, Declared	$ 0.955
Balance, beginning of year, shares at Dec. 28, 2019		1,391
Balance, end of year, shares at Mar. 21, 2020		1,389
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense			62
Stock option exercises, RSUs and PSUs converted			(131)			$ 209
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation			(76)
Shares issued, beginning of year at Dec. 28, 2019						(476)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares		(2)				(4)
Treasury Stock, Value, Acquired, Cost Method		$ 0
Stock Repurchased During Period, Value						$ (602)
Stock option exercises, shares						2
Other								(1)
Net income attributable to PepsiCo	$ 1,338			1,338
Cash dividends declared - common				(1,330)
Shares issued, end of period at Mar. 21, 2020						(478)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Less: Net income attributable to noncontrolling interests	13							13
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent					(757)
Stockholders' Equity Attributable to Parent	13,465	$ 23	$ 3,741	$ 61,920	$ (15,057)	$ (37,162)	$ 13,465
Stockholders' Equity Attributable to Noncontrolling Interest	94							$ 94
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 13,559

Basis of Presentation and Our D

Basis of Presentation and Our Divisions Basis of Presentation and Our Divisions (Notes)	3 Months Ended
	Mar. 21, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation and Our Divisions Basis of Presentation When used in this report, the terms “we,” “us,” “our,” “PepsiCo” and the “Company” mean PepsiCo, Inc. and its consolidated subsidiaries, collectively. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for interim financial information and with the rules and regulations for reporting the Quarterly Report on Form 10-Q (Form 10-Q). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The condensed consolidated balance sheet at December 28, 2019 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These financial 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 28, 2019 (2019 Form 10-K), as modified to reflect the adoption of the recently issued accounting pronouncement disclosed in Note 2 in this Form 10-Q. This report should be read in conjunction with our 2019 Form 10-K. In our opinion, these financial statements include all normal and recurring adjustments necessary for a fair presentation. The results for the 12 weeks ended March 21, 2020 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, substantially all of our international operations report on a monthly calendar basis for which the months of January and February are reflected in our results for the 12 weeks ended March 21, 2020 . 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, including merchandising activities, are included in selling, general and administrative expenses. 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. Our Divisions As previously disclosed in our 2019 Form 10-K, during the fourth quarter of 2019, we realigned certain of our reportable segments to be consistent with a recent strategic realignment of our organizational structure and how our Chief Executive Officer assesses the performance of, and allocates resources to, our reportable segments. Our historical segment reporting presented in this report has been retrospectively revised to reflect the new organizational structure. These changes did not impact our consolidated financial results. See Note 1 to our consolidated financial statements in our 2019 Form 10-K for further information. We are organized into seven 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) PepsiCo Beverages North America (PBNA), which includes our beverage businesses in the United States and Canada; 4) Latin America (LatAm), which includes all of our beverage, food and snack businesses in Latin America; 5) Europe, which includes all of our beverage, food and snack businesses in Europe; 6) Africa, Middle East and South Asia (AMESA), which includes all of our beverage, food and snack businesses in Africa, the Middle East and South Asia; and 7) Asia Pacific, Australia and New Zealand and China region (APAC), which includes all of our beverage, food and snack businesses in Asia Pacific, Australia and New Zealand, and China region. Net revenue and operating profit of each division are as follows: 12 Weeks Ended Net Revenue (a) 3/21/2020 3/23/2019 FLNA $ 4,074 $ 3,815 QFNA 634 594 PBNA 4,838 4,510 LatAm 1,310 1,241 Europe 1,839 1,620 AMESA 631 579 APAC 555 525 Total $ 13,881 $ 12,884 (a) Our primary performance obligation is the distribution and sales of beverage, food and snack products to our customers. For the 12 weeks ended March 21, 2020 and March 23, 2019, our food and snack business represented approximately 55% of our consolidated net revenue. Internationally, LatAm’s food and snack business represented approximately 90% of the segment’s revenue, Europe’s beverage business and food and snack business represented approximately 55% and 45% , respectively, of the segment’s net revenue, AMESA’s beverage business and food and snack business represented approximately 35% and 65% , respectively, of the segment’s net revenue and APAC’s beverage business and food and snack business represented approximately 20% and 80% , respectively, of the segment’s net revenue. Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe segments, was approximately 40% of our consolidated net revenue. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages. 12 Weeks Ended Operating Profit 3/21/2020 3/23/2019 FLNA (a) $ 1,202 $ 1,159 QFNA (a) 150 138 PBNA (a) 297 389 LatAm 231 230 Europe (a) 146 115 AMESA 134 105 APAC (a) 142 106 Total division $ 2,302 $ 2,242 Corporate unallocated expenses (378 ) (234 ) Total $ 1,924 $ 2,008 (a) In the 12 weeks ended March 21, 2020, operating profit includes $143 million of certain charges taken as a result of the novel coronavirus ( COVID-19 ) pandemic, including $68 million of incremental allowances for expected credit losses ( $21 million in FLNA, $2 million in QFNA, $41 million in PBNA and $4 million in Europe), $44 million of write-downs against upfront payments to customers in PBNA, $26 million of inventory write-downs and product returns ( $3 million in FLNA, $22 million in PBNA and $1 million in APAC) and $5 million of certain other charges ( $3 million in FLNA, $1 million in PBNA and $1 million in APAC).

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements (Notes)	3 Months Ended
	Mar. 21, 2020
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Issued Accounting Pronouncements Adopted In 2016, the Financial Accounting Standards Board (FASB) issued guidance that changes the impairment model used to measure credit losses for most financial assets. For our trade receivables, certain other receivables and certain other financial instruments, we are required to use a new forward-looking expected credit loss model that replaced the existing incurred credit loss model. The new model generally results in earlier recognition of allowances for credit losses. We adopted this guidance prospectively in the first quarter of 2020 and the adoption did not have a material impact on our condensed consolidated financial statements or disclosures. We recorded an after-tax cumulative effect decrease to retained earnings of $34 million ( $44 million pre-tax) as of the beginning of 2020 and, during the first quarter of 2020, we increased our allowance for expected credit losses and recorded a pre-tax charge of $68 million . This increase in allowance reflects the forward-looking expected impact of the global economic uncertainty caused by COVID-19, leveraging estimates of credit worthiness, default and recovery rates for certain of our customers, including foodservice and vending businesses. Not Yet Adopted In 2019, the FASB issued guidance to simplify the accounting for income taxes. The guidance primarily addresses how to (1) recognize a deferred tax liability after we transition to or from the equity method of accounting, (2) evaluate if a step-up in the tax basis of goodwill is related to a business combination or is a separate transaction, (3) recognize all of the effects of a change in tax law in the period of enactment, including adjusting the estimated annual tax rate, and (4) include the amount of tax based on income in the income tax provision and any incremental amount as a tax not based on income for hybrid tax regimes. The guidance is effective in the first quarter of 2021 with early adoption permitted. We are currently evaluating the impact of this guidance on our financial statements and the timing of adoption.

Restructuring and Impairment Ch

Restructuring and Impairment Charges Restructuring and Impairment Charges (Notes)	3 Months Ended
	Mar. 21, 2020
Restructuring and Related Activities [Abstract]
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	Restructuring and Impairment Charges 2019 Multi-Year Productivity Plan We publicly announced a multi-year productivity plan on February 15, 2019 (2019 Productivity Plan) that will leverage new technology and business models to further simplify, harmonize and automate processes; re-engineer our go-to-market and information systems, including deploying the right automation for each market; and simplify our organization and optimize our manufacturing and supply chain footprint. In connection with this plan, we expect to incur pre-tax charges of approximately $2.5 billion and cash expenditures of approximately $1.6 billion . These pre-tax charges are expected to consist of approximately 70% of severance and other employee-related costs, 15% for asset impairments (all non-cash) resulting from plant closures and related actions, and 15% for other costs associated with the implementation of our initiatives. We expect to complete this plan by 2023. The total expected plan pre-tax charges are expected to be incurred by division approximately as follows: FLNA QFNA PBNA LatAm Europe AMESA APAC Corporate Expected pre-tax charges 11 % 2 % 30 % 10 % 25 % 8 % 5 % 9 % A summary of our 2019 Productivity Plan charges is as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Cost of sales $ 2 $ 8 Selling, general and administrative expenses 30 23 Other pension and retiree medical benefits expense/(income) 6 (5 ) Total restructuring and impairment charges $ 38 $ 26 After-tax amount $ 32 $ 23 Net income attributable to PepsiCo per common share $ 0.02 $ 0.02 12 Weeks Ended Plan to Date 3/21/2020 3/23/2019 through 3/21/2020 FLNA $ 5 $ — $ 58 QFNA 1 — 8 PBNA 3 6 94 LatAm 5 — 76 Europe 8 6 113 AMESA 2 8 43 APAC — 3 49 Corporate 8 8 62 32 31 503 Other pension and retiree medical benefits expense/ (income) (a) 6 (5 ) 43 Total $ 38 $ 26 $ 546 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. 12 Weeks Ended Plan to Date 3/21/2020 3/23/2019 through 3/21/2020 Severance and other employee costs (a) $ 22 $ (3 ) $ 308 Asset impairments 1 8 93 Other costs (b) 15 21 145 Total $ 38 $ 26 $ 546 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. (b) Includes other costs associated with the implementation of our initiatives, including contract termination costs, consulting and other professional fees. A summary of our 2019 Productivity Plan activity for the 12 weeks ended March 21, 2020 is as follows: Severance and Other Employee Costs Asset Impairments Other Costs Total Liability as of December 28, 2019 $ 128 $ — $ 21 $ 149 2020 restructuring charges 22 1 15 38 Cash payments (31 ) — (29 ) (60 ) Non-cash charges and translation (9 ) (1 ) 4 (6 ) Liability as of March 21, 2020 $ 110 $ — $ 11 $ 121 Substantially all of the restructuring accrual at March 21, 2020 is expected to be paid by the end of 2020 . Other Productivity Initiatives There were no material charges related to other productivity and efficiency initiatives outside the scope of the 2019 Productivity Plan.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 21, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets A summary of our amortizable intangible assets is as follows: 3/21/2020 12/28/2019 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 829 $ (157 ) $ 672 $ 846 $ (158 ) $ 688 Reacquired franchise rights 105 (105 ) — 106 (105 ) 1 Brands 1,307 (1,058 ) 249 1,326 (1,066 ) 260 Other identifiable intangibles 850 (328 ) 522 810 (326 ) 484 Total $ 3,091 $ (1,648 ) $ 1,443 $ 3,088 $ (1,655 ) $ 1,433 The change in the book value of indefinite-lived intangible assets is as follows: Balance 12/28/2019 Acquisitions/ Translation Balance 3/21/2020 FLNA (a) Goodwill $ 299 $ 162 $ (11 ) $ 450 Brands 162 176 (2 ) 336 Total 461 338 (13 ) 786 QFNA Goodwill 189 — — 189 Brands 11 — — 11 Total 200 — — 200 PBNA (b) Goodwill 9,898 21 (39 ) 9,880 Reacquired franchise rights 7,089 — (66 ) 7,023 Acquired franchise rights 1,517 — (13 ) 1,504 Brands 763 — — 763 Total 19,267 21 (118 ) 19,170 LatAm Goodwill 501 — (26 ) 475 Brands 125 — (8 ) 117 Total 626 — (34 ) 592 Europe (c) Goodwill 3,961 (3 ) (131 ) 3,827 Reacquired franchise rights 505 — (20 ) 485 Acquired franchise rights 157 — (3 ) 154 Brands 4,181 — (131 ) 4,050 Total 8,804 (3 ) (285 ) 8,516 AMESA Goodwill 446 — 1 447 Total 446 — 1 447 APAC Goodwill 207 — (10 ) 197 Brands 100 — (7 ) 93 Total 307 — (17 ) 290 Total goodwill 15,501 180 (216 ) 15,465 Total reacquired franchise rights 7,594 — (86 ) 7,508 Total acquired franchise rights 1,674 — (16 ) 1,658 Total brands 5,342 176 (148 ) 5,370 Total $ 30,111 $ 356 $ (466 ) $ 30,001 (a) The change from December 28, 2019 to March 21, 2020 primarily reflects our acquisition of BFY Brands, Inc. (BFY Brands). (b) The change in translation and other primarily reflects the depreciation of the Canadian dollar. (c) The change in translation and other primarily reflects the depreciation of the Russian ruble.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 21, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Tax Cuts and Jobs Act During the fourth quarter of 2017, the TCJ Act was enacted in the United States. The related provisional measurement period allowed by the U.S. Securities and Exchange Commission (SEC) ended in the fourth quarter of 2018. While our accounting for the recorded impact of the TCJ Act was deemed to be complete, additional guidance issued by the Internal Revenue Service ( IRS ) impacted our recorded amounts after December 29, 2018. There were no tax amounts recognized in the 12 weeks ended March 21, 2020 related to the TCJ Act. In the 12 weeks ended March 23, 2019 , we recognized tax benefits of $29 million ( $0.02 per share) related to the TCJ Act. Other Tax Matters On May 19, 2019, a public referendum held in Switzerland passed the Federal Act on Tax Reform and AHV Financing ( TRAF ), effective January 1, 2020. There were no income tax adjustments recorded in the 12 weeks ended March 21, 2020 related to the TRAF. Enactment of additional TRAF provisions subsequent to March 21, 2020 is expected to result in adjustments to our financial statements and related disclosures in future periods. The future impact of the TRAF cannot currently be reasonably estimated; we will continue to monitor and assess the impact the TRAF may have on our business and financial results. For further information and discussion of the impacts of the TCJ Act and the TRAF, refer to Note 5 to our consolidated financial statements in our 2019 Form 10-K. Subsequent to the end of our first quarter, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted on March 27, 2020 in the United States. The CARES Act and related notices include several significant provisions, including delaying certain payroll tax payments, mandatory transition tax payments under the TCJ Act, and estimated income tax payments that we expect to defer to future periods. We do not currently expect the CARES Act to have a material impact on our financial results, including on our annual estimated effective tax rate, or on our liquidity. We will continue to monitor and assess the impact the CARES Act and similar legislation in other countries may have on our business and financial results.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 21, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Share-Based Compensation The following table summarizes our total share-based compensation expense: 12 Weeks Ended 3/21/2020 3/23/2019 Share-based compensation expense - equity awards $ 61 $ 57 Share-based compensation expense - liability awards 3 1 Restructuring charges 1 — Total (a) $ 65 $ 58 (a) Primarily recorded in selling, general and administrative expenses. The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan: 12 Weeks Ended 3/21/2020 3/23/2019 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.6 $ 131.25 1.1 $ 116.00 RSUs and PSUs 2.4 $ 131.28 2.7 $ 115.98 (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 $18 million and $15 million during the 12 weeks ended March 21, 2020 and March 23, 2019 , respectively. Our weighted-average Black-Scholes fair value assumptions are as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Expected life 6 years 5 years Risk-free interest rate 1.0 % 2.6 % Expected volatility 14 % 14 % Expected dividend yield 3.5 % 3.1 %

Pension and Retiree Medical Ben

Pension and Retiree Medical Benefits (Notes)	3 Months Ended
	Mar. 21, 2020
Pension and Retiree Medical Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Pension and Retiree Medical Benefits The components of net periodic benefit cost for pension and retiree medical plans are as follows: 12 Weeks Ended Pension Retiree Medical U.S. International 3/21/2020 3/23/2019 3/21/2020 3/23/2019 3/21/2020 3/23/2019 Service cost $ 100 $ 88 $ 17 $ 13 $ 6 $ 5 Other pension and retiree medical benefits expense/(income): Interest cost 100 125 16 17 6 8 Expected return on plan assets (214 ) (206 ) (37 ) (33 ) (4 ) (4 ) Amortization of prior service cost/(credits) 3 2 — — (3 ) (4 ) Amortization of net losses/(gains) 45 37 10 5 (5 ) (6 ) Special termination benefits (a) 6 (5 ) — — — — Total other pension and retiree medical benefits income (60 ) (47 ) (11 ) (11 ) (6 ) (6 ) Total $ 40 $ 41 $ 6 $ 2 $ — $ (1 ) (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. We continue to monitor the impact of the COVID-19 pandemic and related global economic conditions and uncertainty on the net unfunded status of our pension and retiree medical plans. We also regularly evaluate opportunities to reduce risk and volatility associated with our pension and retiree medical plans. In the 12 weeks ended March 21, 2020, we made a discretionary contribution of $150 million to the PepsiCo Employees Retirement Plan A (Plan A) in the United States. In the 12 weeks ended March 23, 2019, we made discretionary contributions of $150 million to Plan A in the United States and $17 million to our international plans.

Debt Obligations and Commitment

Debt Obligations and Commitments	3 Months Ended
	Mar. 21, 2020
Debt Obligations and Commitments [Abstract]
Debt Obligations and Commitments	Debt Obligations In the 12 weeks ended March 21, 2020 , we issued the following senior notes: Interest Rate Maturity Date Amount (a) 2.250 % March 2025 $ 1,500 2.625 % March 2027 $ 500 2.750 % March 2030 $ 1,500 3.500 % March 2040 $ 750 3.625 % March 2050 $ 1,500 3.875 % March 2060 $ 750 (a) Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums. The net proceeds from the issuances of the above notes will be used for general corporate purposes, including the repayment of commercial paper. In the 12 weeks ended March 21, 2020 , there were no maturities or prepayments of senior notes. As of March 21, 2020 , we had $2.8 billion of commercial paper outstanding. On March 12, 2020, one of our international consolidated subsidiaries borrowed 21.7 billion South African rand, or approximately $1.3 billion , from our two unsecured bridge loan facilities (Bridge Loan Facilities) to fund our acquisition of Pioneer Food Group Ltd. (Pioneer Foods). These borrowings are subject to a weighted-average initial annual interest rate of 7.5% , which resets every month, have maturity dates within one year and can be prepaid at any time. No further borrowings under these Bridge Loan Facilities are permitted. On April 14, 2020, we repaid 6.6 billion South African rand, or approximately $360 million , with no gain or loss recorded, and we have initiated repayment of the remaining outstanding borrowings and therefore expect these Bridge Loan Facilities to be fully repaid in the second quarter of 2020.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 21, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments We are exposed to market risks arising from adverse changes in: • commodity prices, affecting the cost of our raw materials and energy; • foreign exchange rates and currency restrictions; and • interest rates. There have been no material changes during the 12 weeks ended March 21, 2020 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 2019 Form 10-K. Certain of our agreements with our counterparties require us to post full collateral on derivative instruments in a net liability position if our credit rating is at A2 (Moody’s Investors Service, Inc.) or A (S&P Global Ratings), and we have been placed on credit watch for possible downgrade or if our credit rating falls below these levels. The fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position as of March 21, 2020 was $672 million . We have posted no collateral under these contracts and no credit-risk-related contingent features were triggered as of March 21, 2020 . The notional amounts of our financial instruments used to hedge the above risks as of March 21, 2020 and December 28, 2019 are as follows: Notional Amounts (a) 3/21/2020 12/28/2019 Commodity $ 1.2 $ 1.1 Foreign exchange $ 1.8 $ 1.9 Interest rate $ 5.0 $ 5.0 Net investment (b) $ 2.4 $ 2.5 (a) In billions. (b) The total notional of our net investment hedge consists of non-derivative debt instruments. As of March 21, 2020 , approximately 14% of total debt, after the impact of the related interest rate derivative instruments, was subject to variable rates, compared to approximately 9% as of December 28, 2019 . Fair Value Measurements The fair values of our financial assets and liabilities as of March 21, 2020 and December 28, 2019 are categorized as follows: 3/21/2020 12/28/2019 Fair Value Hierarchy Levels Assets (a) Liabilities (a) Assets (a) Liabilities (a) Short-term investments (b) 1 $ 158 $ — $ 229 $ — Prepaid forward contracts (c) 2 $ 13 $ — $ 17 $ — Deferred compensation (d) 2 $ — $ 379 $ — $ 468 Derivatives designated as fair value hedging instruments: Interest rate (e) 2 $ 7 $ 1 $ — $ 5 Derivatives designated as cash flow hedging instruments: Foreign exchange (f) 2 $ 53 $ 13 $ 5 $ 32 Interest rate (f) 2 — 613 — 390 Commodity (g) 1 — 31 2 5 Commodity (h) 2 — 30 2 5 $ 53 $ 687 $ 9 $ 432 Derivatives not designated as hedging instruments: Foreign exchange (f) 2 $ 8 $ 1 $ 3 $ 2 Commodity (g) 1 1 111 23 7 Commodity (h) 2 5 40 6 24 $ 14 $ 152 $ 32 $ 33 Total derivatives at fair value (i) $ 74 $ 840 $ 41 $ 470 Total $ 245 $ 1,219 $ 287 $ 938 (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. (b) Based on the price of index funds. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability. (c) Based primarily on the price of our common stock. (d) Based on the fair value of investments corresponding to employees’ investment elections. (e) Based on LIBOR forward rates. The carrying amount of hedged fixed-rate debt was $2.2 billion as of March 21, 2020 and December 28, 2019 , and classified on our balance sheet within short-term and long-term debt obligations. As of March 21, 2020 and December 28, 2019, the cumulative amount of fair value hedging adjustments to hedged fixed-rate debt was a $6 million gain and a $5 million loss, respectively. As of March 21, 2020 and December 28, 2019 , the cumulative amount of fair value hedging adjustments on discontinued hedges was a $ 42 million loss and a $49 million loss, respectively, which is being amortized over the remaining life of the related debt obligations. (f) Based on recently reported market transactions of spot and forward rates. (g) Based on quoted contract prices on futures exchange markets. (h) Based on recently reported market transactions of swap arrangements. (i) Derivative assets and liabilities are presented on a gross basis on our balance sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the balance sheet as of March 21, 2020 and December 28, 2019 were not material. Collateral received or posted against our asset or liability positions was not material. Collateral posted of $201 million and $58 million as of March 21, 2020 and December 28, 2019, respectively, is classified as restricted cash. The carrying amounts of our cash and cash equivalents approximate fair value due to their short-term maturity. The fair value of our debt obligations as of March 21, 2020 and December 28, 2019 was $43 billion and $34 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- Cash Flow and Net Investment Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 3/21/2020 3/23/2019 3/21/2020 3/23/2019 3/21/2020 3/23/2019 Foreign exchange $ (11 ) $ (3 ) $ (51 ) $ 31 $ 4 $ (5 ) Interest rate (11 ) (28 ) 223 (7 ) 150 (11 ) Commodity 166 (42 ) 64 (4 ) 3 1 Net investment — — (84 ) (10 ) — — Total $ 144 $ (73 ) $ 152 $ 10 $ 157 $ (15 ) (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 net interest expense and other. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in net interest expense and other. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative losses/gains are included in cost of sales. Interest rate derivative losses/gains are included in net interest expense and other. 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 $46 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months.

Net Income Attributable to Peps

Net Income Attributable to PepsiCo per Common Share	3 Months Ended
	Mar. 21, 2020
Earnings Per Share [Abstract]
Net Income Attributable to PepsiCo per Common Share	Net Income Attributable to PepsiCo per Common Share The computations of basic and diluted net income attributable to PepsiCo per common share are as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Income Shares (a) Income Shares (a) Basic net income attributable to PepsiCo per common share $ 0.96 $ 1.01 Net income available for PepsiCo common shareholders $ 1,338 1,390 $ 1,413 1,406 Dilutive securities: Stock options, RSUs, PSUs and other (b) — 6 — 7 Diluted $ 1,338 1,396 $ 1,413 1,413 Diluted net income attributable to PepsiCo per common share $ 0.96 $ 1.00 (a) Weighted-average common shares outstanding (in millions). (b) The dilutive effect of these securities is calculated using the treasury stock method. Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Out-of-the-money options (a) — 1.2 Average exercise price per option $ — $ 115.98 (a) In millions.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss (Notes)	3 Months Ended
	Mar. 21, 2020
Equity [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Accumulated Other Comprehensive Loss Attributable to PepsiCo The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows: Currency Translation Adjustment Cash Flow Hedges Pension and Retiree Medical Other Accumulated Other Comprehensive Loss Attributable to PepsiCo Balance as of December 28, 2019 (a) $ (11,290 ) $ (3 ) $ (2,988 ) $ (19 ) $ (14,300 ) Other comprehensive (loss)/income before reclassifications (b) (735 ) (236 ) 21 1 (949 ) Amounts reclassified from accumulated other comprehensive loss — 157 50 — 207 Net other comprehensive (loss)/income (735 ) (79 ) 71 1 (742 ) Tax amounts (19 ) 18 (14 ) — (15 ) Balance as of March 21, 2020 (a) $ (12,044 ) $ (64 ) $ (2,931 ) $ (18 ) $ (15,057 ) (a) Pension and retiree medical amounts are net of taxes of $1,370 million as of December 28, 2019 and $1,356 million as of March 21, 2020. (b) Currency translation adjustment primarily reflects depreciation of the Russian ruble, Canadian dollar and Mexican peso. Currency Translation Adjustment Cash Flow Hedges Pension and Retiree Medical Other Accumulated Other Comprehensive Loss Attributable to PepsiCo Balance as of December 29, 2018 (a) $ (11,918 ) $ 87 $ (3,271 ) $ (17 ) $ (15,119 ) Other comprehensive (loss)/income before reclassifications (b) 475 (20 ) (16 ) — 439 Amounts reclassified from accumulated other comprehensive loss — (15 ) 34 — 19 Net other comprehensive (loss)/income 475 (35 ) 18 — 458 Tax amounts (2 ) 8 (1 ) — 5 Balance as of March 23, 2019 (a) $ (11,445 ) $ 60 $ (3,254 ) $ (17 ) $ (14,656 ) (a) Pension and retiree medical amounts are net of taxes of $1,466 million as of December 29, 2018 and $1,465 million as of March 23, 2019. (b) Currency translation adjustment primarily reflects appreciation of the Russian ruble, Mexican peso and Pound sterling. The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Affected Line Item in the Income Statement Cash flow hedges: Foreign exchange contracts $ 4 $ (5 ) Cost of sales Interest rate derivatives 150 (11 ) Net interest expense and other Commodity contracts 3 1 Cost of sales Net losses/(gains) before tax 157 (15 ) Tax amounts (39 ) 4 Net losses/(gains) after tax $ 118 $ (11 ) Pension and retiree medical items: Amortization of prior service credits $ — $ (2 ) Other pension and retiree medical benefits income Amortization of net losses 50 36 Other pension and retiree medical benefits income Net losses before tax 50 34 Tax amounts (11 ) (7 ) Net losses after tax $ 39 $ 27 Total net losses reclassified, net of tax $ 157 $ 16

Acquisitions & Divestitures (No

Acquisitions & Divestitures (Notes)	3 Months Ended
	Mar. 21, 2020
Divestitures [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Acquisitions and Divestitures Acquisition of Pioneer Food Group Ltd. On March 23, 2020, we acquired all of the outstanding shares of Pioneer Foods, a food and beverage company in South Africa with exports to countries across the globe, for 110.00 South African rand per share in cash. The total consideration transferred was approximately $1.2 billion ( or $1.2 billion , net of cash and cash equivalents acquired), and was funded by the Bridge Loan Facilities entered into by one of our international consolidated subsidiaries. See Note 8 for further information. We will account for the transaction as a business combination in the second quarter of 2020. We will recognize and measure the identifiable assets acquired and liabilities assumed at their estimated fair values on the date of acquisition, primarily in our AMESA segment. The assets acquired and liabilities assumed in Pioneer Foods as of the acquisition date, which primarily include goodwill and other intangible assets and property, plant and equipment , will be based on preliminary estimates that are subject to revisions and may result in adjustments to preliminary values as valuations are finalized. We expect to finalize these amounts as soon as possible, but no later than the second quarter of 2021. Acquisition of Rockstar Energy Beverages (Rockstar) On April 24, 2020, we acquired Rockstar, a manufacturer, distributor and marketer of energy beverages and related products, for an upfront cash payment of approximately $3.85 billion and contingent consideration related to future tax benefits associated with the acquisition of approximately $0.7 billion . The contingent consideration will be paid over up to 15 years , with an option to accelerate, and is measured based on discounted future cash flows with estimated maximum payments of approximately $1.1 billion using current tax rates. The purchase price will also be adjusted for net working capital amounts as of the acquisition date compared to targeted amounts set forth in the acquisition agreement. We will account for the transaction as a business combination in the second quarter of 2020. We will recognize and measure the identifiable assets acquired and liabilities assumed at their estimated fair values on the date of acquisition, primarily in our PBNA segment. The assets acquired and liabilities assumed in Rockstar as of the acquisition date, which primarily include goodwill and other intangible assets, and the contingent consideration liability will be based on preliminary estimates that are subject to revisions and may result in adjustments to preliminary values as valuations are finalized. We expect to finalize these amounts as soon as possible, but no later than the second quarter of 2021. In addition to our acquisition of Rockstar, as part of our overall energy strategy, we entered into an agreement with Vital Pharmaceuticals, Inc. for us and our bottlers to exclusively distribute Bang Energy drinks in the United States. Acquisition of Hangzhou Haomusi Food Co., Ltd. (Be & Cheery) On February 21, 2020, we entered into an agreement to acquire all of the outstanding shares of Be & Cheery, one of the largest online snacks companies in China, from Haoxiangni Health Food Co., Ltd. for $705 million . The purchase price will be adjusted for net working capital and net debt amounts as of the acquisition date compared to targeted amounts set forth in the acquisition agreement. The transaction is subject to certain regulatory approvals and other customary closing conditions and will be recorded in our APAC segment. The transaction is expected to close in the second half of 2020. Acquisition of SodaStream International Ltd. On December 5, 2018, we acquired all of the outstanding shares of SodaStream, a manufacturer and distributor of sparkling water makers, for $144.00 per share in cash, in a transaction valued at approximately $3.3 billion . The total consideration transferred was $3.3 billion (or $3.2 billion Inventory Fair Value Adjustments and Merger and Integration Charges In the 12 weeks ended March 21, 2020, we recorded merger and integration charges of $25 million ( $22 million after-tax or $ 0.02 per share), including $23 million in our FLNA segment related to our acquisition of BFY Brands and $2 million in our AMESA segment related to our acquisition of Pioneer Foods. These charges primarily relate to contract termination and employee-related costs and are recorded in selling, general and administrative expenses. In the 12 weeks ended March 23, 2019, we recorded inventory fair value adjustments and merger and integration charges of $15 million ( $0.01 per share) in our Europe segment, primarily related to fair value adjustments to the acquired inventory included in SodaStream’s balance sheet at acquisition date recorded in cost of sales.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 21, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Segment Reporting Disclosure [Text Block]	Net revenue and operating profit of each division are as follows: 12 Weeks Ended Net Revenue (a) 3/21/2020 3/23/2019 FLNA $ 4,074 $ 3,815 QFNA 634 594 PBNA 4,838 4,510 LatAm 1,310 1,241 Europe 1,839 1,620 AMESA 631 579 APAC 555 525 Total $ 13,881 $ 12,884 (a) Our primary performance obligation is the distribution and sales of beverage, food and snack products to our customers. For the 12 weeks ended March 21, 2020 and March 23, 2019, our food and snack business represented approximately 55% of our consolidated net revenue. Internationally, LatAm’s food and snack business represented approximately 90% of the segment’s revenue, Europe’s beverage business and food and snack business represented approximately 55% and 45% , respectively, of the segment’s net revenue, AMESA’s beverage business and food and snack business represented approximately 35% and 65% , respectively, of the segment’s net revenue and APAC’s beverage business and food and snack business represented approximately 20% and 80% , respectively, of the segment’s net revenue. Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe segments, was approximately 40% of our consolidated net revenue. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages. 12 Weeks Ended Operating Profit 3/21/2020 3/23/2019 FLNA (a) $ 1,202 $ 1,159 QFNA (a) 150 138 PBNA (a) 297 389 LatAm 231 230 Europe (a) 146 115 AMESA 134 105 APAC (a) 142 106 Total division $ 2,302 $ 2,242 Corporate unallocated expenses (378 ) (234 ) Total $ 1,924 $ 2,008 (a) In the 12 weeks ended March 21, 2020, operating profit includes $143 million of certain charges taken as a result of the novel coronavirus ( COVID-19 ) pandemic, including $68 million of incremental allowances for expected credit losses ( $21 million in FLNA, $2 million in QFNA, $41 million in PBNA and $4 million in Europe), $44 million of write-downs against upfront payments to customers in PBNA, $26 million of inventory write-downs and product returns ( $3 million in FLNA, $22 million in PBNA and $1 million in APAC) and $5 million of certain other charges ( $3 million in FLNA, $1 million in PBNA and $1 million in APAC).

Restructuring and Impairment _2

Restructuring and Impairment Charges (Tables)	3 Months Ended
	Mar. 21, 2020
2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Summary of Productivity Plan Activity [Table Text Block]	The total expected plan pre-tax charges are expected to be incurred by division approximately as follows: FLNA QFNA PBNA LatAm Europe AMESA APAC Corporate Expected pre-tax charges 11 % 2 % 30 % 10 % 25 % 8 % 5 % 9 % A summary of our 2019 Productivity Plan charges is as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Cost of sales $ 2 $ 8 Selling, general and administrative expenses 30 23 Other pension and retiree medical benefits expense/(income) 6 (5 ) Total restructuring and impairment charges $ 38 $ 26 After-tax amount $ 32 $ 23 Net income attributable to PepsiCo per common share $ 0.02 $ 0.02 12 Weeks Ended Plan to Date 3/21/2020 3/23/2019 through 3/21/2020 FLNA $ 5 $ — $ 58 QFNA 1 — 8 PBNA 3 6 94 LatAm 5 — 76 Europe 8 6 113 AMESA 2 8 43 APAC — 3 49 Corporate 8 8 62 32 31 503 Other pension and retiree medical benefits expense/ (income) (a) 6 (5 ) 43 Total $ 38 $ 26 $ 546 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. 12 Weeks Ended Plan to Date 3/21/2020 3/23/2019 through 3/21/2020 Severance and other employee costs (a) $ 22 $ (3 ) $ 308 Asset impairments 1 8 93 Other costs (b) 15 21 145 Total $ 38 $ 26 $ 546 (a) Income amount represents adjustments for changes in estimates of previously recorded amounts. (b) Includes other costs associated with the implementation of our initiatives, including contract termination costs, consulting and other professional fees. A summary of our 2019 Productivity Plan activity for the 12 weeks ended March 21, 2020 is as follows: Severance and Other Employee Costs Asset Impairments Other Costs Total Liability as of December 28, 2019 $ 128 $ — $ 21 $ 149 2020 restructuring charges 22 1 15 38 Cash payments (31 ) — (29 ) (60 ) Non-cash charges and translation (9 ) (1 ) 4 (6 ) Liability as of March 21, 2020 $ 110 $ — $ 11 $ 121

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 21, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of our amortizable intangible assets is as follows: 3/21/2020 12/28/2019 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Acquired franchise rights $ 829 $ (157 ) $ 672 $ 846 $ (158 ) $ 688 Reacquired franchise rights 105 (105 ) — 106 (105 ) 1 Brands 1,307 (1,058 ) 249 1,326 (1,066 ) 260 Other identifiable intangibles 850 (328 ) 522 810 (326 ) 484 Total $ 3,091 $ (1,648 ) $ 1,443 $ 3,088 $ (1,655 ) $ 1,433
Schedule Of Change In Book Value Of Nonamortizable Intangible Assets	The change in the book value of indefinite-lived intangible assets is as follows: Balance 12/28/2019 Acquisitions/ Translation Balance 3/21/2020 FLNA (a) Goodwill $ 299 $ 162 $ (11 ) $ 450 Brands 162 176 (2 ) 336 Total 461 338 (13 ) 786 QFNA Goodwill 189 — — 189 Brands 11 — — 11 Total 200 — — 200 PBNA (b) Goodwill 9,898 21 (39 ) 9,880 Reacquired franchise rights 7,089 — (66 ) 7,023 Acquired franchise rights 1,517 — (13 ) 1,504 Brands 763 — — 763 Total 19,267 21 (118 ) 19,170 LatAm Goodwill 501 — (26 ) 475 Brands 125 — (8 ) 117 Total 626 — (34 ) 592 Europe (c) Goodwill 3,961 (3 ) (131 ) 3,827 Reacquired franchise rights 505 — (20 ) 485 Acquired franchise rights 157 — (3 ) 154 Brands 4,181 — (131 ) 4,050 Total 8,804 (3 ) (285 ) 8,516 AMESA Goodwill 446 — 1 447 Total 446 — 1 447 APAC Goodwill 207 — (10 ) 197 Brands 100 — (7 ) 93 Total 307 — (17 ) 290 Total goodwill 15,501 180 (216 ) 15,465 Total reacquired franchise rights 7,594 — (86 ) 7,508 Total acquired franchise rights 1,674 — (16 ) 1,658 Total brands 5,342 176 (148 ) 5,370 Total $ 30,111 $ 356 $ (466 ) $ 30,001 (a) The change from December 28, 2019 to March 21, 2020 primarily reflects our acquisition of BFY Brands, Inc. (BFY Brands). (b) The change in translation and other primarily reflects the depreciation of the Canadian dollar. (c) The change in translation and other primarily reflects the depreciation of the Russian ruble.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 21, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	The following table summarizes our total share-based compensation expense: 12 Weeks Ended 3/21/2020 3/23/2019 Share-based compensation expense - equity awards $ 61 $ 57 Share-based compensation expense - liability awards 3 1 Restructuring charges 1 — Total (a) $ 65 $ 58
Schedule of Share-based Payment Award, PepsiCo, Inc. Long-Term Incentive Plan	The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan: 12 Weeks Ended 3/21/2020 3/23/2019 Granted (a) Weighted-Average Grant Price Granted (a) Weighted-Average Grant Price Stock options 1.6 $ 131.25 1.1 $ 116.00 RSUs and PSUs 2.4 $ 131.28 2.7 $ 115.98 (a)
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions	Our weighted-average Black-Scholes fair value assumptions are as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Expected life 6 years 5 years Risk-free interest rate 1.0 % 2.6 % Expected volatility 14 % 14 % Expected dividend yield 3.5 % 3.1 %

Pension and Retiree Medical B_2

Pension and Retiree Medical Benefits Periodic Benefit Cost (Tables)	3 Months Ended
	Mar. 21, 2020
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 U.S. International 3/21/2020 3/23/2019 3/21/2020 3/23/2019 3/21/2020 3/23/2019 Service cost $ 100 $ 88 $ 17 $ 13 $ 6 $ 5 Other pension and retiree medical benefits expense/(income): Interest cost 100 125 16 17 6 8 Expected return on plan assets (214 ) (206 ) (37 ) (33 ) (4 ) (4 ) Amortization of prior service cost/(credits) 3 2 — — (3 ) (4 ) Amortization of net losses/(gains) 45 37 10 5 (5 ) (6 ) Special termination benefits (a) 6 (5 ) — — — — Total other pension and retiree medical benefits income (60 ) (47 ) (11 ) (11 ) (6 ) (6 ) Total $ 40 $ 41 $ 6 $ 2 $ — $ (1 )

Debt Obligations and Commitme_2

Debt Obligations and Commitments (Tables)	3 Months Ended
	Mar. 21, 2020
Debt Obligations and Commitments [Abstract]
Schedule of Debt Issuances [Table Text Block]	In the 12 weeks ended March 21, 2020 , we issued the following senior notes: Interest Rate Maturity Date Amount (a) 2.250 % March 2025 $ 1,500 2.625 % March 2027 $ 500 2.750 % March 2030 $ 1,500 3.500 % March 2040 $ 750 3.625 % March 2050 $ 1,500 3.875 % March 2060 $ 750 (a) Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums.

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 21, 2020
Derivative [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	The notional amounts of our financial instruments used to hedge the above risks as of March 21, 2020 and December 28, 2019 are as follows: Notional Amounts (a) 3/21/2020 12/28/2019 Commodity $ 1.2 $ 1.1 Foreign exchange $ 1.8 $ 1.9 Interest rate $ 5.0 $ 5.0 Net investment (b) $ 2.4 $ 2.5 (a) In billions.
Fair Values of Financial Assets and Liabilities	Fair Value Measurements The fair values of our financial assets and liabilities as of March 21, 2020 and December 28, 2019 are categorized as follows: 3/21/2020 12/28/2019 Fair Value Hierarchy Levels Assets (a) Liabilities (a) Assets (a) Liabilities (a) Short-term investments (b) 1 $ 158 $ — $ 229 $ — Prepaid forward contracts (c) 2 $ 13 $ — $ 17 $ — Deferred compensation (d) 2 $ — $ 379 $ — $ 468 Derivatives designated as fair value hedging instruments: Interest rate (e) 2 $ 7 $ 1 $ — $ 5 Derivatives designated as cash flow hedging instruments: Foreign exchange (f) 2 $ 53 $ 13 $ 5 $ 32 Interest rate (f) 2 — 613 — 390 Commodity (g) 1 — 31 2 5 Commodity (h) 2 — 30 2 5 $ 53 $ 687 $ 9 $ 432 Derivatives not designated as hedging instruments: Foreign exchange (f) 2 $ 8 $ 1 $ 3 $ 2 Commodity (g) 1 1 111 23 7 Commodity (h) 2 5 40 6 24 $ 14 $ 152 $ 32 $ 33 Total derivatives at fair value (i) $ 74 $ 840 $ 41 $ 470 Total $ 245 $ 1,219 $ 287 $ 938 (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. (b) Based on the price of index funds. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability. (c) Based primarily on the price of our common stock. (d) Based on the fair value of investments corresponding to employees’ investment elections. (e) Based on LIBOR forward rates. The carrying amount of hedged fixed-rate debt was $2.2 billion as of March 21, 2020 and December 28, 2019 , and classified on our balance sheet within short-term and long-term debt obligations. As of March 21, 2020 and December 28, 2019, the cumulative amount of fair value hedging adjustments to hedged fixed-rate debt was a $6 million gain and a $5 million loss, respectively. As of March 21, 2020 and December 28, 2019 , the cumulative amount of fair value hedging adjustments on discontinued hedges was a $ 42 million loss and a $49 million loss, respectively, which is being amortized over the remaining life of the related debt obligations. (f) Based on recently reported market transactions of spot and forward rates. (g) Based on quoted contract prices on futures exchange markets. (h) Based on recently reported market transactions of swap arrangements. (i) Derivative assets and liabilities are presented on a gross basis on our balance sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the balance sheet as of March 21, 2020 and December 28, 2019 were not material. Collateral received or posted against our asset or liability positions was not material. Collateral posted of $201 million and $58 million
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- Cash Flow and Net Investment Hedges Losses/(Gains) (a) Losses/(Gains) Losses/(Gains) (b) 3/21/2020 3/23/2019 3/21/2020 3/23/2019 3/21/2020 3/23/2019 Foreign exchange $ (11 ) $ (3 ) $ (51 ) $ 31 $ 4 $ (5 ) Interest rate (11 ) (28 ) 223 (7 ) 150 (11 ) Commodity 166 (42 ) 64 (4 ) 3 1 Net investment — — (84 ) (10 ) — — Total $ 144 $ (73 ) $ 152 $ 10 $ 157 $ (15 ) (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 net interest expense and other. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in net interest expense and other. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. (b) Foreign exchange derivative losses/gains are included in cost of sales. Interest rate derivative losses/gains are included in net interest expense and other. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Net Income Attributable to Pe_2

Net Income Attributable to PepsiCo per Common Share (Tables)	3 Months Ended
	Mar. 21, 2020
Earnings Per Share [Abstract]
Basic And Diluted Net Income Attributable To PepsiCo Per Common Share	The computations of basic and diluted net income attributable to PepsiCo per common share are as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Income Shares (a) Income Shares (a) Basic net income attributable to PepsiCo per common share $ 0.96 $ 1.01 Net income available for PepsiCo common shareholders $ 1,338 1,390 $ 1,413 1,406 Dilutive securities: Stock options, RSUs, PSUs and other (b) — 6 — 7 Diluted $ 1,338 1,396 $ 1,413 1,413 Diluted net income attributable to PepsiCo per common share $ 0.96 $ 1.00 (a) Weighted-average common shares outstanding (in millions). (b) The dilutive effect of these securities is calculated using the treasury stock method. Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Out-of-the-money options (a) — 1.2 Average exercise price per option $ — $ 115.98 (a) In millions.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 21, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows: Currency Translation Adjustment Cash Flow Hedges Pension and Retiree Medical Other Accumulated Other Comprehensive Loss Attributable to PepsiCo Balance as of December 28, 2019 (a) $ (11,290 ) $ (3 ) $ (2,988 ) $ (19 ) $ (14,300 ) Other comprehensive (loss)/income before reclassifications (b) (735 ) (236 ) 21 1 (949 ) Amounts reclassified from accumulated other comprehensive loss — 157 50 — 207 Net other comprehensive (loss)/income (735 ) (79 ) 71 1 (742 ) Tax amounts (19 ) 18 (14 ) — (15 ) Balance as of March 21, 2020 (a) $ (12,044 ) $ (64 ) $ (2,931 ) $ (18 ) $ (15,057 ) (a) Pension and retiree medical amounts are net of taxes of $1,370 million as of December 28, 2019 and $1,356 million as of March 21, 2020. (b) Currency translation adjustment primarily reflects depreciation of the Russian ruble, Canadian dollar and Mexican peso. Currency Translation Adjustment Cash Flow Hedges Pension and Retiree Medical Other Accumulated Other Comprehensive Loss Attributable to PepsiCo Balance as of December 29, 2018 (a) $ (11,918 ) $ 87 $ (3,271 ) $ (17 ) $ (15,119 ) Other comprehensive (loss)/income before reclassifications (b) 475 (20 ) (16 ) — 439 Amounts reclassified from accumulated other comprehensive loss — (15 ) 34 — 19 Net other comprehensive (loss)/income 475 (35 ) 18 — 458 Tax amounts (2 ) 8 (1 ) — 5 Balance as of March 23, 2019 (a) $ (11,445 ) $ 60 $ (3,254 ) $ (17 ) $ (14,656 ) (a) Pension and retiree medical amounts are net of taxes of $1,466 million as of December 29, 2018 and $1,465 million as of March 23, 2019. (b) Currency translation adjustment primarily reflects appreciation of the Russian ruble, Mexican peso and Pound sterling.
Reclassifications out of Accumulated Other Comprehensive Loss	The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows: 12 Weeks Ended 3/21/2020 3/23/2019 Affected Line Item in the Income Statement Cash flow hedges: Foreign exchange contracts $ 4 $ (5 ) Cost of sales Interest rate derivatives 150 (11 ) Net interest expense and other Commodity contracts 3 1 Cost of sales Net losses/(gains) before tax 157 (15 ) Tax amounts (39 ) 4 Net losses/(gains) after tax $ 118 $ (11 ) Pension and retiree medical items: Amortization of prior service credits $ — $ (2 ) Other pension and retiree medical benefits income Amortization of net losses 50 36 Other pension and retiree medical benefits income Net losses before tax 50 34 Tax amounts (11 ) (7 ) Net losses after tax $ 39 $ 27 Total net losses reclassified, net of tax $ 157 $ 16

Segment Reporting Information b

Segment Reporting Information by Net Revenue and Operating Profit (Detail) $ in Millions	3 Months Ended
	Mar. 21, 2020USD ($)segment	Mar. 23, 2019USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	7
Net Revenue	$ 13,881	$ 12,884
Operating Profit	$ 1,924	$ 2,008
Disaggregation of Net Revenue - Beverages	45.00%
Disaggregation of Net Revenue - Food/Snack	55.00%	55.00%
Disaggregation of beverage revenue from company-owned bottlers	40.00%	40.00%
Charges Related to Novel Coronavirus (COVID-19)	$ 143
Accounts Receivable, Credit Loss Expense (reversal) Novel Coronavirus (COVID-19) Impact	68
Inventory Write-down Novel Coronavirus (COVID-19) Impact	26
Charges Related to Novel Coronavirus (COVID-19) Impact - Other	5
Frito Lay North America [Member]
Segment Reporting Information [Line Items]
Net Revenue	4,074	$ 3,815
Operating Profit	1,202	1,159
Accounts Receivable, Credit Loss Expense (reversal) Novel Coronavirus (COVID-19) Impact	21
Inventory Write-down Novel Coronavirus (COVID-19) Impact	3
Charges Related to Novel Coronavirus (COVID-19) Impact - Other	3
Quaker Foods North America [Member]
Segment Reporting Information [Line Items]
Net Revenue	634	594
Operating Profit	150	138
Accounts Receivable, Credit Loss Expense (reversal) Novel Coronavirus (COVID-19) Impact	2
PepsiCo Beverages North America [Member]
Segment Reporting Information [Line Items]
Net Revenue	4,838	4,510
Operating Profit	297	389
Accounts Receivable, Credit Loss Expense (reversal) Novel Coronavirus (COVID-19) Impact	41
Prepaid Incentives Novel Coronavirus (COVID-19 ) Impact	44
Inventory Write-down Novel Coronavirus (COVID-19) Impact	22
Charges Related to Novel Coronavirus (COVID-19) Impact - Other	1
Latin America [Member]
Segment Reporting Information [Line Items]
Net Revenue	1,310	1,241
Operating Profit	$ 231	$ 230
Disaggregation of Net Revenue - Food/Snack	90.00%	90.00%
Europe [Member]
Segment Reporting Information [Line Items]
Net Revenue	$ 1,839	$ 1,620
Operating Profit	$ 146	$ 115
Disaggregation of Net Revenue - Beverages	55.00%	55.00%
Disaggregation of Net Revenue - Food/Snack	45.00%	45.00%
Accounts Receivable, Credit Loss Expense (reversal) Novel Coronavirus (COVID-19) Impact	$ 4
Africa, Middle East and South Asia [Member]
Segment Reporting Information [Line Items]
Net Revenue	631	$ 579
Operating Profit	$ 134	$ 105
Disaggregation of Net Revenue - Beverages	35.00%	35.00%
Disaggregation of Net Revenue - Food/Snack	65.00%	65.00%
Asia Pacific, Australia and New Zealand, and China Region [Member]
Segment Reporting Information [Line Items]
Net Revenue	$ 555	$ 525
Operating Profit	$ 142	$ 106
Disaggregation of Net Revenue - Beverages	20.00%	20.00%
Disaggregation of Net Revenue - Food/Snack	80.00%	80.00%
Inventory Write-down Novel Coronavirus (COVID-19) Impact	$ 1
Charges Related to Novel Coronavirus (COVID-19) Impact - Other	1
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating Profit	2,302	$ 2,242
Corporate Unallocated [Member]
Segment Reporting Information [Line Items]
Operating Profit	$ (378)	$ (234)
United States and Canada [Member]
Segment Reporting Information [Line Items]
Fiscal Period Duration	84 days

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Details) $ in Millions	3 Months Ended
	Mar. 21, 2020USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 34
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification (Pre-Tax)	44
Accounts Receivable, Credit Loss Expense (reversal) Novel Coronavirus (COVID-19) Impact	$ 68

Restructuring and Impairment _3

Restructuring and Impairment Charges Restructuring and Impairment Charges (Summary of 2019 Productivity Plan Charges) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Restructuring Cost and Reserve [Line Items]
Cash payments	$ (60)	$ (52)
2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2,500
Restructuring and Related Cost, Expected Cash Expenditures	1,600
Liability as of December 28, 2019	149
Restructuring Charges	38	$ 26
Cash payments	(60)
Non-cash charges and translation	(6)
Liability as of March 21, 2020	$ 121
Net income attributable to PepsiCo per common share	$ 0.02	$ 0.02
Restructuring and Related Cost, Cost Incurred to Date	$ 546
2019 Productivity Plan [Member] | Frito Lay North America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	11.00%
Restructuring Charges	$ 5	$ 0
Restructuring and Related Cost, Cost Incurred to Date	$ 58
2019 Productivity Plan [Member] | Quaker Foods North America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	2.00%
Restructuring Charges	$ 1	0
Restructuring and Related Cost, Cost Incurred to Date	$ 8
2019 Productivity Plan [Member] | PepsiCo Beverages North America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	30.00%
Restructuring Charges	$ 3	6
Restructuring and Related Cost, Cost Incurred to Date	$ 94
2019 Productivity Plan [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	10.00%
Restructuring Charges	$ 5	0
Restructuring and Related Cost, Cost Incurred to Date	$ 76
2019 Productivity Plan [Member] | Europe [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	25.00%
Restructuring Charges	$ 8	6
Restructuring and Related Cost, Cost Incurred to Date	$ 113
2019 Productivity Plan [Member] | Africa, Middle East and South Asia [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	8.00%
Restructuring Charges	$ 2	8
Restructuring and Related Cost, Cost Incurred to Date	$ 43
2019 Productivity Plan [Member] | Asia Pacific, Australia and New Zealand, and China Region [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	5.00%
Restructuring Charges	$ 0	3
Restructuring and Related Cost, Cost Incurred to Date	$ 49
Corporate Unallocated [Member] | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	9.00%
Restructuring Charges	$ 8	8
Restructuring and Related Cost, Cost Incurred to Date	$ 62
Severance and Other Employee Costs | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	70.00%
Liability as of December 28, 2019	$ 128
Restructuring Charges	22	(3)
Cash payments	(31)
Non-cash charges and translation	(9)
Liability as of March 21, 2020	110
Restructuring and Related Cost, Cost Incurred to Date	$ 308
Asset Impairments | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	15.00%
Liability as of December 28, 2019	$ 0
Restructuring Charges	1	8
Cash payments	0
Non-cash charges and translation	(1)
Liability as of March 21, 2020	0
Restructuring and Related Cost, Cost Incurred to Date	$ 93
Other Costs | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Percentage of Expect Costs	15.00%
Liability as of December 28, 2019	$ 21
Restructuring Charges	15	21
Cash payments	(29)
Non-cash charges and translation	4
Liability as of March 21, 2020	11
Restructuring and Related Cost, Cost Incurred to Date	145
Cost of sales | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	2	8
Selling, general and administrative expenses | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	30	23
Other pension and retiree medical benefits expense/(income) | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	6	(5)
Restructuring and Related Cost, Cost Incurred to Date	43
After-tax amount | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	32	23
Restructuring, Settlement and Impairment Provisions, less Other pension and retiree medical benefits expense [Member] | 2019 Productivity Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	32	$ 31
Restructuring and Related Cost, Cost Incurred to Date	$ 503

Intangible Assets Amortizable I

Intangible Assets Amortizable Intangible Assets, net (Detail) - USD ($) $ in Millions	Mar. 21, 2020	Dec. 28, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 3,091	$ 3,088
Finite-Lived Intangible Assets, Accumulated Amortization	(1,648)	(1,655)
Amortizable Intangible Assets, net	1,443	1,433
Other Identifiable Intangibles [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	850	810
Finite-Lived Intangible Assets, Accumulated Amortization	(328)	(326)
Amortizable Intangible Assets, net	522	484
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,307	1,326
Finite-Lived Intangible Assets, Accumulated Amortization	(1,058)	(1,066)
Amortizable Intangible Assets, net	249	260
Reacquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	105	106
Finite-Lived Intangible Assets, Accumulated Amortization	(105)	(105)
Amortizable Intangible Assets, net		1
Acquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	829	846
Finite-Lived Intangible Assets, Accumulated Amortization	(157)	(158)
Amortizable Intangible Assets, net	$ 672	$ 688

Change in Book Value of Nonamor

Change in Book Value of Nonamortizable Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Dec. 28, 2019
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	$ 30,001	$ 30,111
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	356
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(466)
Frito Lay North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	786	461
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	338
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(13)
QFNA
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	200	200
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	0
PepsiCo Beverages North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	19,170	19,267
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	21
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(118)
Latin America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	592	626
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(34)
Europe [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	8,516	8,804
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	(3)
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(285)
Africa, Middle East and South Asia [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	447	446
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	1
Asia Pacific, Australia and New Zealand, and China Region [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	290	307
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(17)
Goodwill
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	15,465	15,501
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	180
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(216)
Goodwill | Frito Lay North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	450	299
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	162
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(11)
Goodwill | QFNA
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	189	189
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	0
Goodwill | PepsiCo Beverages North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	9,880	9,898
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	21
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(39)
Goodwill | Latin America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	475	501
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(26)
Goodwill | Europe [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	3,827	3,961
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	(3)
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(131)
Goodwill | Africa, Middle East and South Asia [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	447	446
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	1
Goodwill | Asia Pacific, Australia and New Zealand, and China Region [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	197	207
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(10)
Brands
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	5,370	5,342
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	176
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(148)
Brands | Frito Lay North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	336	162
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	176
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(2)
Brands | QFNA
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	11	11
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	0
Brands | PepsiCo Beverages North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	763	763
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	0
Brands | Latin America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	117	125
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(8)
Brands | Europe [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	4,050	4,181
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(131)
Brands | Asia Pacific, Australia and New Zealand, and China Region [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	93	100
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(7)
Reacquired Franchise Rights
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	7,508	7,594
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(86)
Reacquired Franchise Rights | PepsiCo Beverages North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	7,023	7,089
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(66)
Reacquired Franchise Rights | Europe [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	485	505
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(20)
Acquired franchise rights
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	1,658	1,674
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(16)
Acquired franchise rights | PepsiCo Beverages North America [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	1,504	1,517
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	(13)
Acquired franchise rights | Europe [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	154	$ 157
Goodwill and Indefinite-lived Intangible Assets, Acquired (Divested) During Period	0
Indefinite-lived Intangible Assets [Roll Forward]
Translation and Other	$ (3)

Income Taxes Narrative (Details

Income Taxes Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Income Tax Disclosure [Abstract]
Tax Cuts and Jobs Act, Income Tax Expense (Benefit)	$ 0	$ (29)
Net tax (benefit)/expense related to the TCJ Act per share		$ (0.02)

Weighted Average Black Scholes

Weighted Average Black Scholes Fair Value Assumptions (Detail)	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Black Scholes valuation assumptions [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.00%	2.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	14.00%	14.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	3.50%	3.10%

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expensed and Capitalized, Amount	$ 61	$ 57
Compensation cost for share-based liabilities	3	1
Recognized stock-based compensation expense	65	58
Share based liability awards granted, target	18	15
Share-based Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring and impairment charges	$ 1	$ 0
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	1.6	1.1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Price	$ 131.25	$ 116
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	2.4	2.7
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Price	$ 131.28	$ 115.98

Pension and Retiree Medical B_3

Pension and Retiree Medical Benefits Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer, Discretionary	$ 150	$ 150
Defined Benefit Plan, Service Cost	100	88
Defined Benefit Plan, Interest Cost	100	125
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(214)	(206)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	3	2
Defined Benefit Plan, Amortization of Gain (Loss)	45	37
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits	6	(5)
Defined Benefit Plan, Other Cost (Credit)	(60)	(47)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	40	41
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer, Discretionary		17
Defined Benefit Plan, Service Cost	17	13
Defined Benefit Plan, Interest Cost	16	17
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(37)	(33)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Defined Benefit Plan, Amortization of Gain (Loss)	10	5
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits	0	0
Defined Benefit Plan, Other Cost (Credit)	(11)	(11)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	6	2
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	6	5
Defined Benefit Plan, Interest Cost	6	8
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(4)	(4)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(3)	(4)
Defined Benefit Plan, Amortization of Gain (Loss)	(5)	(6)
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits	0	0
Defined Benefit Plan, Other Cost (Credit)	$ (6)	(6)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)		$ (1)

Pension and Retiree Medical B_4

Pension and Retiree Medical Benefits Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer, Discretionary	$ 150	$ 150
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer, Discretionary		$ 17

Debt Obligations and Commitme_3

Debt Obligations and Commitments - Additional Information (Detail) $ in Millions, R in Billions	Mar. 21, 2020USD ($)	Mar. 21, 2020ZAR (R)
Notes Due 2025 [Member] | Two Point Two Five Percent Notes Due 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,500
Debt Instrument, Interest Rate, Stated Percentage	2.25%	2.25%
Notes Due 2027 [Member] | Two Point Six Two Five Percent Notes Due 2027 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500
Debt Instrument, Interest Rate, Stated Percentage	2.625%	2.625%
Notes Due 2030 [Member] | Two Point Seven Five Percent Notes Due 2030 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,500
Debt Instrument, Interest Rate, Stated Percentage	2.75%	2.75%
Notes Due 2040 [Member] | Three Point Five Percent Notes Due 2040 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750
Debt Instrument, Interest Rate, Stated Percentage	3.50%	3.50%
Notes Due 2060 [Member] | Three Point Six Two Five Percent Notes Due 2050 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,500
Debt Instrument, Interest Rate, Stated Percentage	3.625%	3.625%
Notes Due 2060 [Member] | Three Point Eight Seven Five Percent Notes Due 2060 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750
Debt Instrument, Interest Rate, Stated Percentage	3.875%	3.875%
Pioneer Bridge Loan Facilities [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	$ 1,300	R 21.7
Debt Instrument, Interest Rate, Stated Percentage	7.50%	7.50%

Debt Obligations and Commitme_4

Debt Obligations and Commitments Debt Obligations and Commitments (Narrative) (Details) $ in Millions, R in Billions	Apr. 14, 2020USD ($)	Apr. 14, 2020ZAR (R)	Mar. 21, 2020USD ($)	Mar. 21, 2020ZAR (R)
Short-term Debt [Line Items]
Commercial Paper			$ 2,800
Pioneer Bridge Loan Facilities [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding			$ 1,300	R 21.7
Debt Instrument, Interest Rate, Stated Percentage			7.50%	7.50%
Subsequent Event [Member]
Short-term Debt [Line Items]
Debt Instrument, Repurchase Amount	$ 360	R 6.6

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Mar. 21, 2020	Dec. 28, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Credit Risk Derivative Liabilities, at Fair Value	$ 672
Debt Instrument, Fair Value Disclosure	43,000	$ 34,000
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	1,200	1,100
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	1,800	1,900
Interest rate derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 5,000	$ 5,000
Interest rate derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	14.00%	9.00%
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 2,400	$ 2,500

Fair Values of Financial Assets

Fair Values of Financial Assets and Liabilities (Detail) - USD ($) $ in Millions	Mar. 21, 2020	Dec. 28, 2019
Derivatives, Fair Value [Line Items]
Senior Notes	$ 2,200	$ 2,200
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	6	(5)
Short-term Investments	158	229
Derivative Asset, Fair Value, Gross Asset	74	41
Derivative Liability, Fair Value, Gross Liability	840	470
Total Financial Assets At Fair Value	245	287
Total Financial Liabilities At Fair Value	1,219	938
Derivatives not designated as hedging instruments:
Deferred (Gain) Loss on Discontinuation of Fair Value Hedge	42	49
Collateral Already Posted, Aggregate Fair Value	201	58
Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value	53	9
Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value	687	432
Derivatives Not Designated As Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	14	32
Derivatives Not Designated As Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Other Derivatives Not Designated as Hedging Instruments Liabilities at Fair Value	152	33
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Fair Value Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Asset at Fair Value	7	0
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Fair Value Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Fair Value Hedge Liability at Fair Value	1	5
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	53	5
Interest Rate Cash Flow Hedge Asset at Fair Value	0	0
Price Risk Cash Flow Hedge Asset, at Fair Value	0	2
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Liability at Fair Value	13	32
Interest Rate Cash Flow Hedge Liability at Fair Value	613	390
Price Risk Cash Flow Hedge Liability, at Fair Value	30	5
Fair Value, Inputs, Level 2 [Member] | Derivatives Not Designated As Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	8	3
Price Risk Derivative Instruments Not Designated as Hedging Instruments Asset, at Fair Value	5	6
Fair Value, Inputs, Level 2 [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	1	2
Price Risk Derivative Instruments Not Designated as Hedging Instruments Liability, at Fair Value	40	24
Fair Value, Inputs, Level 2 [Member] | Liability [Member]
Derivatives, Fair Value [Line Items]
Prepaid Forward Asset Fair Value	0	0
Deferred Compensation Liability, Current and Noncurrent	379	468
Fair Value, Inputs, Level 2 [Member] | Assets [Member]
Derivatives, Fair Value [Line Items]
Prepaid Forward Asset Fair Value	13	17
Deferred Compensation Liability, Current and Noncurrent	0	0
Fair Value, Inputs, Level 1 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]
Derivatives, Fair Value [Line Items]
Price Risk Cash Flow Hedge Asset, at Fair Value	0	2
Fair Value, Inputs, Level 1 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]
Derivatives, Fair Value [Line Items]
Price Risk Cash Flow Hedge Liability, at Fair Value	31	5
Fair Value, Inputs, Level 1 [Member] | 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	1	23
Fair Value, Inputs, Level 1 [Member] | 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	111	7
Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments	0	0
Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Derivatives, Fair Value [Line Items]
Short-term Investments	$ 158	$ 229

Effective Portion of Pre Tax Ga

Effective Portion of Pre Tax Gains and Losses on Derivative Instruments (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	$ 236	$ 20
Cash Flow Hedge Gain/(Loss) to be Reclassified within Twelve Months	(46)
Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	144	(73)
Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	152	10
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	157	(15)
Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	(11)	(3)
Foreign Exchange Forward [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	(51)	31
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	4	(5)
Interest Rate Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	(11)	(28)
Interest Rate Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	223	(7)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	150	(11)
Commodity Contract [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	166	(42)
Commodity Contract [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	64	(4)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	3	1
Net Investment Hedging [Member] | Fair Value/Non-designated Hedges
Derivatives, Fair Value [Line Items]
(Gains)/Losses Recognized in Income Statement (a)	0	0
Net Investment Hedging [Member] | Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss	(84)	(10)
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement (b)	$ 0	$ 0

Basic and Diluted Net Income At

Basic and Diluted Net Income Attributable to PepsiCo (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Earnings Per Share [Abstract]
Net income attributable to PepsiCo	$ 1,338	$ 1,413
Preferred Stock [Abstract]
Net income available for PepsiCo common shareholders - Value	$ 1,338	$ 1,413
Net income available for PepsiCo common shareholders - Shares	1,390	1,406
Earnings Per Share, Basic	$ 0.96	$ 1.01
Dilutive Securities [Abstract]
Stock options and RSUs - Shares	6	7
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	$ 0	$ 0
Net Income (Loss) Available to Common Stockholders, Diluted	$ 1,338	$ 1,413
Weighted Average Number of Shares Outstanding, Diluted	1,396	1,413
Earnings Per Share, Diluted	$ 0.96	$ 1

Net Income Attributable to Pe_3

Net Income Attributable to PepsiCo per Common Share Out-of-the-money options excluded from the calculation of diluted earnings per common share (Details) - $ / shares	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019
Out-of-the-money options [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	1.2
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Average Exercise per Share Amount	$ 0	$ 115.98

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019	Dec. 28, 2019	Dec. 29, 2018
Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Post retirement Plans Taxes	$ 1,356	$ 1,465	$ 1,370	$ 1,466
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(12,044)	(11,445)	(11,290)	(11,918)
Losses/(gains) on cash flow hedges:
Total before tax	157	(15)
Tax amounts	(39)	4
Net losses/(gains) after tax	118	(11)
Amortization of pension and retiree medical items:
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	0	(2)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	50	36
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	50	34
Tax amounts	(11)	(7)
Net losses after tax	39	27
Total net losses reclassified, net of tax	157	16
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(64)	60	(3)	87
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	(2,931)	(3,254)	(2,988)	(3,271)
Accumulated Other Comprehensive Income Loss Other	(18)	(17)	(19)	(17)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(15,057)	(14,656)	$ (14,300)	$ (15,119)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	(735)	475
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(236)	(20)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax	21	(16)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	1	0
OCI, before Reclassifications, before Tax, Attributable to Parent	(949)	439
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	207	19
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	(735)	475
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax	(79)	(35)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	71	18
Other Comprehensive Income, Other, Before Tax	1	0
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	(742)	458
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	(19)	(2)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	18	8
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(14)	(1)
Other Comprehensive Income, Other, Taxes	0	0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	(15)	5
Cash Flow Hedges
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	157	(15)
Amortization of pension and retiree medical items:
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(152)	(10)
Cash Flow Hedges | Foreign exchange contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	4	(5)
Amortization of pension and retiree medical items:
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	51	(31)
Cash Flow Hedges | Foreign exchange contracts | Cost of sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	4	(5)
Cash Flow Hedges | Interest rate derivatives
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	150	(11)
Amortization of pension and retiree medical items:
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(223)	7
Cash Flow Hedges | Interest rate derivatives | Interest Expense
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	150	(11)
Cash Flow Hedges | Commodity contracts
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	3	1
Amortization of pension and retiree medical items:
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(64)	4
Cash Flow Hedges | Commodity contracts | Cost of sales
Losses/(gains) on cash flow hedges:
Losses/(gains) on cash flow hedges	$ 3	$ 1

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2020	Mar. 23, 2019	Dec. 28, 2019	Dec. 29, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	$ 0	$ 2
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	50	36
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Post retirement Plans Taxes	1,356	1,465	$ 1,370	$ 1,466
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(12,044)	(11,445)	(11,290)	(11,918)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(64)	60	(3)	87
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	(2,931)	(3,254)	(2,988)	(3,271)
Accumulated Other Comprehensive Income Loss Other	(18)	(17)	(19)	(17)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(15,057)	(14,656)	$ (14,300)	$ (15,119)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	(735)	475
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(236)	(20)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax	21	(16)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	1	0
OCI, before Reclassifications, before Tax, Attributable to Parent	(949)	439
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	157	(15)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	50	34
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent	207	19
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	(735)	475
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax	(79)	(35)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	71	18
Other Comprehensive Income, Other, Before Tax	1	0
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	(742)	458
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	(19)	(2)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	18	8
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(14)	(1)
Other Comprehensive Income, Other, Taxes	0	0
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	(15)	5
Cash Flow Hedging [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(157)	15
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(152)	(10)
Cash Flow Hedging [Member] | Foreign Exchange Forward [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(4)	5
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 51	$ (31)

Restricted Cash Restricted Cash

Restricted Cash Restricted Cash (Details) - USD ($) $ in Millions	Mar. 21, 2020	Dec. 28, 2019	Mar. 23, 2019	Dec. 29, 2018
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 11,089	$ 5,509
Total Cash and Cash Equivalents and Restricted Cash	$ 11,292	$ 5,570	$ 5,305	$ 10,769

Acquisitions & Divestitures (De

Acquisitions & Divestitures (Details) $ / shares in Units, $ in Millions	Apr. 24, 2020USD ($)	Mar. 23, 2020USD ($)	Mar. 21, 2020USD ($)$ / shares	Mar. 23, 2019USD ($)$ / shares	Dec. 29, 2018USD ($)$ / shares	Mar. 23, 2020R / shares	Feb. 21, 2020USD ($)
Acquisitions & Divestitures [Line Items]
Business Acquisition, Share Price | $ / shares					$ 144
Enterprise value of future acquisition							$ 705
Business Combination, Consideration Transferred					$ 3,300
SodaStream Consideration Transferred,, net of cash and cash equivalents acquired					$ 3,200
Business Combination, Integration Related Costs			$ 25
Business Combination, Integration Related Costs, after-tax			$ 22
Merger and Integration Charges, Per Share | $ / shares			$ 0.02	$ 0.01
Frito Lay North America [Member]
Acquisitions & Divestitures [Line Items]
Business Combination, Integration Related Costs			$ 23
Africa, Middle East and South Asia [Member]
Acquisitions & Divestitures [Line Items]
Business Combination, Integration Related Costs			$ 2
Europe [Member]
Acquisitions & Divestitures [Line Items]
Business Combination, Integration Related Costs				$ 15
Subsequent Event [Member]
Acquisitions & Divestitures [Line Items]
Business Acquisition, Share Price | R / shares						R 110
Enterprise value of future acquisition	$ 3,850
Business Combination, Consideration Transferred		$ 1,200
Acquisition of Pioneer, net of cash and cash equivalents acquired		$ 1,200
Business Combination, Contingent Consideration, Liability, Noncurrent	$ 700
Duration of contingent consideration arrangement	15 years
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	$ 1,100