PepsiCo (PEP) 8-K 19 Feb 09 2008 FY Other Events Financial data

Document Information

Document Information (USD $)
	12 Months Ended Dec. 27, 2008
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	2008-12-27
Document Fiscal Year Focus	2,008
Document Fiscal Period Focus	FY

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 27, 2008
Entity Information [Line Items]
Entity Registrant Name	PepsiCo, Inc.
Entity Central Index Key	0000077476
Current Fiscal Year End Date	--12-27
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float	$106,221,728,237
Entity Common Stock, Shares Outstanding	1,556,291,773
Entity Listings [Line Items]
Trading Symbol	PEP

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Millions	12 Months Ended Dec. 27, 2008	12 Months Ended Dec. 29, 2007	12 Months Ended Dec. 30, 2006
Operating Activities
Net income	$5,142	$5,658	$5,642
Depreciation and amortization	1,543	1,426	1,406
Stock-based compensation expense	238	260	270
Restructuring and impairment charges	543	102	67
Excess tax benefits from share-based payment arrangements	(107)	(208)	(134)
Cash payments for restructuring charges	(180)	(22)	(56)
Pension and retiree medical plan contributions	(219)	(310)	(131)
Pension and retiree medical plan expenses	459	535	544
Bottling equity income, net of dividends	(202)	(441)	(442)
Deferred income taxes and other tax charges and credits	573	118	(510)
Change in accounts and notes receivable	(549)	(405)	(330)
Change in inventories	(345)	(204)	(186)
Change in prepaid expenses and other current assets	(68)	(16)	(37)
Change in accounts payable and other current liabilities	718	522	279
Change in income taxes payable	(180)	128	(295)
Other, net	(367)	(209)	(3)
Net Cash Provided by Operating Activities	6,999	6,934	6,084
Investing Activities
Capital spending	(2,446)	(2,430)	(2,068)
Sales of property, plant and equipment	98	47	49
Proceeds from (Investment in) finance assets	0	27	(25)
Acquisitions and investments in noncontrolled affiliates	(1,925)	(1,320)	(522)
Cash restricted for pending acquisitions	(40)	0	0
Cash proceeds from sale of PBG and PAS stock	358	315	318
Divestitures	6	0	37
Short-term investments, by original maturity
More than three months - purchases	(156)	(83)	(29)
More than three months - maturities	62	113	25
Three months or less, net	1,376	(413)	2,021
Net Cash Used for Investing Activities	(2,667)	(3,744)	(194)
Financing Activities
Proceeds from issuances of long-term debt	3,719	2,168	51
Payments of long-term debt	(649)	(579)	(157)
Short-term borrowings, by original maturity
More than three months - proceeds	89	83	185
More than three months - payments	(269)	(133)	(358)
Three months or less, net	625	(345)	(2,168)
Cash dividends paid	(2,541)	(2,204)	(1,854)
Share repurchases - common	(4,720)	(4,300)	(3,000)
Share repurchases - preferred	(6)	(12)	(10)
Proceeds from exercises of stock options	620	1,108	1,194
Excess tax benefits from share-based payment arrangements	107	208	134
Net Cash Used for Financing Activities	(3,025)	(4,006)	(5,983)
Effect of exchange rate changes on cash and cash equivalents	(153)	75	28
Net Increase/(Decrease) in Cash and Cash Equivalents	1,154	(741)	(65)
Cash and Cash Equivalents, Beginning of Year	910	1,651	1,716
Cash and Cash Equivalents, End of Year	$2,064	$910	$1,651

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Millions	Dec. 27, 2008	Dec. 29, 2007
Current Assets
Cash and cash equivalents	$2,064	$910
Short-term investments	213	1,571
Accounts and notes receivable, net	4,683	4,389
Inventories	2,522	2,290
Prepaid expenses and other current assets	1,324	991
Total Current Assets	10,806	10,151
Property, Plant and Equipment, net	11,663	11,228
Amortizable Intangible Assets, net	732	796
Goodwill	5,124	5,169
Other nonamortizable intangible assets	1,128	1,248
Nonamortizable Intangible Assets	6,252	6,417
Investments in Noncontrolled Affiliates	3,883	4,354
Other Assets	2,658	1,682
Total Assets	35,994	34,628
Current Liabilities
Short-term obligations	369	0
Accounts payable and other current liabilities	8,273	7,602
Income taxes payable	145	151
Total Current Liabilities	8,787	7,753
Long-Term Debt Obligations	7,858	4,203
Other Liabilities	7,017	4,792
Deferred Income Taxes	226	646
Total Liabilities	23,888	17,394
Commitments and Contingencies	0	0
Preferred Stock	41	41
Par value	$0	$0
Repurchased Preferred Stock	(138)	(132)
Common Shareholders' Equity
Common stock	30	30
Par value	0.016667	0.016667
Authorized	3,600	3,600
Issued	1,782	1,782
Capital in excess of par value	351	450
Retained earnings	30,638	28,184
Accumulated other comprehensive loss	(4,694)	(952)
Repurchased common stock, at cost	(14,122)	(10,387)
Shares	229	177
Total Common Shareholders' Equity	12,203	17,325
Total Liabilities and Shareholders' Equity	$35,994	$34,628

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 27, 2008	12 Months Ended Dec. 29, 2007	12 Months Ended Dec. 30, 2006
Net Revenue	$43,251	$39,474	$35,137
Cost of sales	20,351	18,038	15,762
Selling, general and administrative expenses	15,901	14,208	12,711
Amortization of intangible assets	64	58	162
Operating Profit	6,935	7,170	6,502
Bottling equity income	374	560	553
Interest expense	(329)	(224)	(239)
Interest income	41	125	173
Income before Income Taxes	7,021	7,631	6,989
Provision for Income Taxes	1,879	1,973	1,347
Net Income	$5,142	$5,658	$5,642
Net Income per Common Share
Basic	3.26	3.48	3.42
Diluted	3.21	3.41	3.34

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions		Common Stock Amount	Capital in Excess of Par Value		Retained Earnings	Accumulated Other Comprehensive Loss	Repurchased Common Stock	Total
Balance, beginning of year at Dec. 31, 2005							(126)
Balance, beginning of year at Dec. 31, 2005			$614		$21,116	($1,053)	($6,387)
Share repurchases							(3,000)
Stock-based compensation expense			270					270
Share repurchases							(49)
Stock option exercises							1,619
Stock option exercises/RSUs converted			(300)	[1]
Stock option exercises							31
Other, primarily RSUs converted							10
Withholding tax on RSUs converted			0
Other, primarily RSUs converted							0
Net income					5,642			5,642
Cash dividends declared - common					(1,912)
Currency translation adjustment						465
Cash dividends declared - preferred					(1)
Cash flow hedges, net of tax:
Net derivative gains/(losses)						(18)
Reclassification of losses/(gains) to net income						(5)
Adoption of SFAS 158						(1,782)
Cash dividends declared - RSUs					(8)
Minimum pension liability adjustment, net of tax						138
Pension and retiree medical, net of tax
Net (losses)/gains						0
Reclassification of net losses to net income						0
Minimum pension liability adjustment, net of tax						138
Unrealized (losses)/gain on securities, net of tax						9
Other						0
Balance, end of year at Dec. 30, 2006	1,782						(144)
Balance, end of year at Dec. 30, 2006		30	584		24,837	(2,246)	(7,758)	15,447
Adoption of FIN 48					7
Share repurchases							(4,300)
Stock-based compensation expense			260					260
Share repurchases							(64)
Stock option exercises							1,582
Stock option exercises/RSUs converted			(347)	[1]
Stock option exercises							28
Other, primarily RSUs converted							89
Withholding tax on RSUs converted			(47)
Other, primarily RSUs converted							3
Adjusted balance, beginning of year					24,844
Net income					5,658			5,658
Cash dividends declared - common					(2,306)
Currency translation adjustment						719
Cash dividends declared - preferred					(2)
Cash flow hedges, net of tax:
Net derivative gains/(losses)						(60)
Reclassification of losses/(gains) to net income						21
Adoption of SFAS 158						0
Cash dividends declared - RSUs					(10)
Minimum pension liability adjustment, net of tax						0
Pension and retiree medical, net of tax
Net (losses)/gains						464
Reclassification of net losses to net income						135
Minimum pension liability adjustment, net of tax						0
Unrealized (losses)/gain on securities, net of tax						9
Other						6
Balance, end of year at Dec. 29, 2007	1,782						(177)
Balance, end of year at Dec. 29, 2007		30	450		28,184	(952)	(10,387)	17,325
SFAS 158 measurement date change						51
Share repurchases							(4,720)
Stock-based compensation expense			238					238
Share repurchases							(68)
SFAS 158 measurement date change					(89)
Stock option exercises							883
Stock option exercises/RSUs converted			(280)	[1]
Stock option exercises							15
Other, primarily RSUs converted							102
Withholding tax on RSUs converted			(57)
Other, primarily RSUs converted							1
Adjusted balance, beginning of year					28,095	(901)
Net income					5,142			5,142
Cash dividends declared - common					(2,589)
Currency translation adjustment						(2,484)
Cash dividends declared - preferred					(2)
Cash flow hedges, net of tax:
Net derivative gains/(losses)						16
Reclassification of losses/(gains) to net income						5
Adoption of SFAS 158						0
Cash dividends declared - RSUs					(8)
Minimum pension liability adjustment, net of tax						0
Pension and retiree medical, net of tax
Net (losses)/gains						(1,376)
Reclassification of net losses to net income						73
Minimum pension liability adjustment, net of tax						0
Unrealized (losses)/gain on securities, net of tax						(21)
Other						(6)
Balance, end of year at Dec. 27, 2008	1,782						(229)
Balance, end of year at Dec. 27, 2008		$30	$351		$30,638	($4,694)	($14,122)	$12,203
[1]Includes total tax benefits of $95 million in 2008, $216 million in 2007 and $130 million in 2006.