Document and Entity Information
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9 Months Ended | |
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Sep. 04, 2010
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Oct. 01, 2010
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Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 04, 2010 | |
Document Fiscal Year Focus | 2010 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | PEP | |
Entity Registrant Name | PEPSICO INC | |
Entity Central Index Key | 0000077476 | |
Current Fiscal Year End Date | --12-25 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 1,584,840,959 |
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other. No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Trading symbol of an instrument as listed on an exchange. No definition available.
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- Details
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CONDENSED CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 04, 2010
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Sep. 05, 2009
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Sep. 04, 2010
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Sep. 05, 2009
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Income Statement [Abstract] | ||||
Net Revenue | $ 15,514 | $ 11,080 | $ 39,683 | $ 29,935 |
Cost of sales | 7,008 | 5,181 | 18,216 | 13,806 |
Selling, general and administrative expenses | 5,676 | 3,649 | 15,288 | 10,077 |
Amortization of intangible assets | 30 | 18 | 78 | 42 |
Operating Profit | 2,800 | 2,232 | 6,101 | 6,010 |
Bottling equity income | 10 | 146 | 728 | 290 |
Interest expense | (169) | (86) | (495) | (285) |
Interest income | 18 | 16 | 26 | 44 |
Income before income taxes | 2,659 | 2,308 | 6,360 | 6,059 |
Provision for income taxes | 729 | 575 | 1,383 | 1,517 |
Net income | 1,930 | 1,733 | 4,977 | 4,542 |
Less: Net income attributable to noncontrolling interests | 8 | 16 | 22 | 30 |
Net Income Attributable to PepsiCo | $ 1,922 | $ 1,717 | $ 4,955 | $ 4,512 |
Net Income Attributable to PepsiCo per Common Share | ||||
Basic | $ 1.21 | $ 1.10 | $ 3.11 | $ 2.9 |
Diluted | $ 1.19 | $ 1.09 | $ 3.06 | $ 2.87 |
Cash Dividends Declared per Common Share | $ 0.48 | $ 0.45 | $ 1.41 | $ 1.325 |
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- Definition
The share of the net income or loss of our anchor bottlers, based on an economic ownership, and gains or losses from changes in the ownership interest in these bottling investments. No definition available.
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by (used in) operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of net income (loss) attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The share of the net income or loss of our anchor bottlers, based on an economic ownership, and gains or losses from changes in the ownership interest in these bottling investments, net of dividends. No definition available.
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- Definition
Noncash Foreign Exchange Loss Related to Venezuela Devaluation No definition available.
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- Definition
Issuance of common stock and equity awards in connection with our acquisitions of PBG and PAS, as reflected in investing and financing activities No definition available.
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- Definition
Short-term investments, by original maturity, More than three months - purchases No definition available.
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- Definition
Short-term investments, by original maturity, More than three months - maturities No definition available.
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- Definition
The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
In a business combination achieved in stages, this element represents the amount of gain or loss recognized by the entity as a result of re measuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change between the beginning and ending balance of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net amount of deferred income taxes and income tax credits less the tax benefit from exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. No definition available.
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- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element reduces net cash provided by operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the reporting period of the sum of amounts due within one year (or one business cycle) from customers for the credit sale of goods and services; and from note holders for outstanding loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the reporting period in the aggregate amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the period in the amount of cash payments due to taxing authorities for taxes that are based on the reporting entity's earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For entities with classified balance sheets, the net change during the reporting period in the value of other assets or liabilities used in operating activities, that are not otherwise defined in the taxonomy. For entities with unclassified balance sheets, the net change during the reporting period in the value of all other assets or liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change during the reporting period in the value of this group of assets within the working capital section. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow (outflow) for the net change associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow (outflow) from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash inflow (outflow) from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net change during the reporting period in the balance of the reserve for business combination costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the reporting period for charges associated with the mergers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow (inflow) from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount paid (received) by the reporting entity through acquisition (sale/maturities) of short-term investments with an original maturity that is three months or less which qualify for treatment as an investing activity based on management's intention and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire callable preferred stock which is identified as being convertible to another type of financial security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the reporting period for charges associated with the consolidation and relocation of operations, disposition or abandonment of operations or productive assets (that is, for reorganizing and restructuring charges and other related expenses). These charges may be incurred in connection with a business combination, change in strategic plan, a managerial response to declines in demand, increasing costs or other environmental factors. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from the entity's earnings to the shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from amounts paid for the rights to manage the property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to return capital to noncontrolled interest, which generally occurs when noncontrolling shareholders reduce their ownership stake (in a subsidiary of the entity). This element does not include dividends paid to noncontrolling shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash or cash equivalents contributed during the reporting period by the entity to fund its pension plans and its non-pension postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain or loss on assets, prior service cost or credit, transition asset or obligation, and gain or loss due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period shall be the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost shall be accrued during the employee's service period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from the sale of a business segment or subsidiary or sale of an entity that is related to it but not strictly controlled during the period (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow (outflow) from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash inflow from a borrowing net of the cash outflow from repayment of a borrowing having initial term of repayment within three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing having initial term of repayment of more than three months but less than one year or one operating cycle (if the normal cycle is more than one year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from a repayment of a borrowing having initial term of repayment of more than three months but less than one year or one operating cycle (if the normal cycle is more than one year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Adjustment to remove noncash portion of restructuring costs and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date for goodwill and indefinite lived intangible assets. No definition available.
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- Definition
Aggregate carrying amount, as of the balance sheet date, of prepaid expenses and other current assets that do not qualify for separate disclosure. No definition available.
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- Definition
Amount of preferred stock repurchased during the period. No definition available.
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- Definition
The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accounts Payable and Accrued Liabilities, Current Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. This caption alerts the reader that one or more notes to the financial statements disclose pertinent information about the entity's commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Dollar value of issued common stock whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise shall separate deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment losses recognized. No definition available.
|
X | ||||||||||
- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid, adjusted for any amortization recognized prior to adoption of FAS 142 and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts (original costs for current and prior period additions adjusted for impairment, if any) as of the balance sheet date of intangible assets, excluding goodwill, having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Also includes purchased parts that will be used as components of a finished product. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. No definition available.
|
X | ||||||||||
- Definition
Total of all Liabilities and Stockholders' Equity items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet due to materiality considerations. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Dollar value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount at the balance sheet date for long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, physical structures, machinery, vehicles, furniture, computer equipment, construction in progress, and similar items. Amount does not include depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Treasury stock is issued but is not outstanding. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Note: number of treasury shares concept is in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $)
In Millions, except Per Share data, unless otherwise specified |
Sep. 04, 2010
|
Dec. 26, 2009
|
---|---|---|
Statement of Financial Position [Abstract] | ||
Accounts and notes receivable, allowance | $ 164 | $ 90 |
Preferred Stock, par value | $ 0 | $ 0 |
Common stock, par value | $ 1.67 | $ 1.67 |
Common stock, authorized | 3,600 | 3,600 |
Common stock, issued | 1,865 | 1,782 |
Repurchased common stock, shares | 283 | 217 |
X | ||||||||||
- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Issuance value per share of no-par value, nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Defined Benefit Plan Remeasurement Of Net Liabilities No definition available.
|
X | ||||||||||
- Definition
Cash dividends declared - RSUs No definition available.
|
X | ||||||||||
- Definition
Number of shares of other changes in treasury stock during the period. No definition available.
|
X | ||||||||||
- Definition
Redemption of preferred stock. No definition available.
|
X | ||||||||||
- Definition
Number of preferred shares that have been redeemed during the period. No definition available.
|
X | ||||||||||
- Definition
Impact on additional paid-in capital of restricted stock withholding taxes recorded as net - settlement. No definition available.
|
X | ||||||||||
- Definition
Impact of stock option exercises/RSUs converted on additional paid-in capital. No definition available.
|
X | ||||||||||
- Definition
This element represents the amount of recognized share-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Common stock cash dividend declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Preferred stock cash dividend declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions to noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax effect of the reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The adjustment out of other comprehensive income for actuarial gains (losses) recognized as a component of net periodic benefit cost during the period, after tax Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain or loss, net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain or loss at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains or losses realized upon the sale of securities, after tax; and (3) the unrealized gains or losses realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. No definition available.
|
X | ||||||||||
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
|
X | ||||||||||
- Definition
Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued pursuant to acquisitions during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value stock issued during the period as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONDENSED CONSOLIDATED STATEMENT OF EQUITY (Parenthetical) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
|
Statement of Stockholders' Equity [Abstract] | ||
Stock option exercises/RSUs converted, tax benefit/(shortfall) | $ 50 | $ 7 |
X | ||||||||||
- Definition
Tax benefit associated with any share-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 05, 2009
|
|
Statement of Income and Comprehensive Income [Abstract] | ||||
Net Income | $ 1,930 | $ 1,733 | $ 4,977 | $ 4,542 |
Other Comprehensive (Loss)/Income | ||||
Currency translation adjustment | 290 | 225 | (305) | 444 |
Pension and retiree medical, net of tax: | ||||
Reclassification of losses to net income | (1) | 6 | 210 | 16 |
Remeasurement of net liabilities | (406) | (406) | ||
Cash flow hedges, net of tax: | ||||
Net derivative losses | (37) | (53) | (123) | (76) |
Reclassification of derivative losses/(gains) to net income | 16 | 10 | 39 | (6) |
Unrealized gains on securities, net of tax | 6 | 8 | 7 | 12 |
Other | 1 | 1 | ||
Other Comprehensive Income (Loss), Net of Tax, Total | (132) | 197 | (578) | 391 |
Comprehensive Income | 1,798 | 1,930 | 4,399 | 4,933 |
Comprehensive (income)/loss attributable to noncontrolling interests | (8) | (37) | (8) | 11 |
Comprehensive Income Attributable to PepsiCo | $ 1,790 | $ 1,893 | $ 4,391 | $ 4,944 |
X | ||||||||||
- Definition
Defined Benefit Plan Remeasurement Of Net Liabilities No definition available.
|
X | ||||||||||
- Definition
Effects on Other Comprehensive Income of transactions/recognitions not otherwise specified in the taxonomy. Also serves as the sum of OCI adjustments not individually reported on the financial statements, or not separately disclosed in notes. No definition available.
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests, if any. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain or loss on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain or loss under FAS 52 and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents Other Comprehensive Income (Loss), Net of Tax, for the period. Includes deferred gains (losses) on qualifying hedges, unrealized holding gains (losses) on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net of tax effect of the reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The adjustment out of other comprehensive income for actuarial gains (losses) recognized as a component of net periodic benefit cost during the period, after tax Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain or loss, net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain or loss at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains or losses realized upon the sale of securities, after tax; and (3) the unrealized gains or losses realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Basis of Presentation and Our Divisions
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
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Basis of Presentation and Our Divisions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Presentation and Our Divisions | Basis of Presentation and Our Divisions
Basis of Presentation The Condensed Consolidated Balance Sheet as of September 4, 2010, the Condensed Consolidated Statements of Income and Comprehensive Income for the 12 and 36 weeks ended September 4, 2010 and September 5, 2009, and the Condensed Consolidated Statements of Cash Flows and Equity for the 36 weeks ended September 4, 2010 and September 5, 2009 have not been audited. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied in our Annual Report on Form 10-K for the fiscal year ended December 26, 2009. In our opinion, these financial statements include all normal and recurring adjustments necessary for a fair presentation. The results for the 12 and 36 weeks are not necessarily indicative of the results expected for the full year. While the majority of our results are reported on a period basis, most of our international operations report on a monthly calendar basis for which the months of June, July and August are reflected in our third quarter results. On February 26, 2010, we completed our acquisitions of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS). The results of the acquired companies in the U.S. and Canada are reflected in our condensed consolidated results as of the acquisition date, and the international results of the acquired companies have been reported as of the beginning of our second quarter of 2010, consistent with our monthly international reporting calendar. The results of the acquired companies in the U.S., Canada and Mexico are reported within our PAB segment, and the results of the acquired companies in Europe, including Russia, are reported within our Europe segment. Prior to our acquisitions of PBG and PAS, we recorded our share of equity income or loss from the acquired companies in bottling equity income in our income statement. Subsequent to our acquisitions of PBG and PAS, we continue to record our share of equity income or loss from Pepsi Bottling Ventures LLC in bottling equity income and our share of income or loss from other noncontrolled affiliates as a component of selling, general and administrative expenses. Additionally, in the first quarter of 2010, in connection with our acquisitions of PBG and PAS, we recorded a gain on our previously held equity interests of $958 million, comprising $735 million which is non-taxable and recorded in bottling equity income and $223 million related to the reversal of deferred tax liabilities associated with these previously held equity interests. See also Acquisitions of PBG and PAS and "Items Affecting Comparability" in Management's Discussion and Analysis of Financial Condition and Results of Operations. As of the beginning of our 2010 fiscal year, the results of our Venezuelan businesses are reported under hyperinflationary accounting. See "Our Business Risks" and "Items Affecting Comparability" in Management's Discussion and Analysis of Financial Condition and Results of Operations. 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, generally in proportion to revenue, 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 material handling facilities, are included in cost of sales. The costs of moving, storing and delivering finished product are included in selling, general and administrative expenses. The following information is unaudited. Tabular dollars are presented 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. This report should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 26, 2009.
We are organized into four business units, as follows:
Our four business units comprise six reportable segments (referred to as divisions), as follows:
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Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions of PBG and PAS
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Acquisitions of PBG and PAS | Acquisitions of PBG and PAS
On February 26, 2010, PepsiCo announced that pursuant to the terms of merger agreements entered into on August 3, 2009 (the "Merger Agreements"), PBG and PAS merged with and into Pepsi-Cola Metropolitan Bottling Company, Inc. ("Metro"), with Metro continuing as the surviving corporation and a wholly owned subsidiary of PepsiCo. We acquired PBG and PAS to create a more fully integrated supply chain and go-to-market business model, improving the effectiveness and efficiency of the distribution of our brands and enhancing our revenue growth. The total purchase price was approximately $12.6 billion, which included $8.3 billion of cash and equity and the fair value of our previously held equity interests in PBG and PAS of $4.3 billion. Under the terms of the Merger Agreements: (i) each outstanding share of common stock of PBG not held by Metro, PepsiCo or a subsidiary of PepsiCo or held by PBG as treasury stock (each, a "PBG Share") was canceled and converted into the right to receive, at the holder's election, either 0.6432 shares of common stock of PepsiCo (the "PBG Per Share Stock Consideration") or $36.50 in cash, without interest (the "PBG Cash Election Price"), subject to proration provisions which provide that an aggregate 50% of such outstanding PBG Shares were converted into the right to receive common stock of PepsiCo and an aggregate 50% of such outstanding PBG Shares were converted into the right to receive cash and each PBG Share and share of Class B common stock of PBG held by Metro, PepsiCo or a subsidiary of PepsiCo was canceled or converted to the right to receive 0.6432 shares of common stock of PepsiCo; and (ii) each outstanding share of common stock of PAS not held by Metro, PepsiCo or a subsidiary of PepsiCo or held by PAS as treasury stock (each, a "PAS Share") was canceled and converted into the right to receive, at the holder's election, either 0.5022 shares of common stock of PepsiCo (the "PAS Per Share Stock Consideration") or $28.50 in cash, without interest (the "PAS Cash Election Price"), subject to proration provisions which provide that an aggregate 50% of such outstanding PAS Shares were converted into the right to receive common stock of PepsiCo and an aggregate 50% of such outstanding PAS Shares were converted into the right to receive cash and each PAS Share held by Metro, PepsiCo or a subsidiary of PepsiCo was canceled or converted into the right to receive 0.5022 shares of common stock of PepsiCo. Each PBG or PAS stock option was converted into an adjusted PepsiCo stock option to acquire a number of shares of PepsiCo common stock, determined by multiplying the number of shares of PBG or PAS common stock subject to the PBG or PAS stock option by an exchange ratio (the "Closing Exchange Ratio") equal to the closing price of a share of PBG or PAS common stock on the business day immediately before the acquisition date divided by the closing price of a share of PepsiCo common stock on the business day immediately before the acquisition date. The exercise price per share of PepsiCo common stock subject to the adjusted PepsiCo stock option is equal to the per share exercise price of PBG or PAS stock option divided by the Closing Exchange Ratio. Each PBG restricted stock unit (RSU) was adjusted so that its holder is entitled to receive, upon settlement, a number of shares of PepsiCo common stock equal to the number of shares of PBG common stock subject to the PBG RSU multiplied by the PBG Per Share Stock Consideration. PBG performance-based RSUs were converted into PepsiCo RSUs based on 100% target achievement, and, following conversion, remain subject to continued service of the holder. Each PBG RSU held by a non-employee director was vested and canceled at the acquisition date, and, in exchange for cancellation of the PBG RSU, the holder received the PBG Per Share Stock Consideration for each share of PBG common stock subject to the PBG RSU.
Each cash-settled PAS RSU was canceled in exchange for a cash payment equal to the closing price of a share of PAS common stock on the business day immediately before the closing of the PAS merger for each share of PAS common stock subject to each PAS RSU. Each PAS restricted share was converted into either the PAS Per Share Stock Consideration or the PAS Cash Election Price, at the election of the holder, with the same proration procedures applicable to PAS stockholders described above. Pursuant to the terms of PBG's executive retention arrangements, PBG equity awards granted to certain executives prior to the PBG merger vest immediately upon a qualifying termination of the executive's employment except for certain PBG executives whose equity awards vested immediately at the effective time of the PBG merger pursuant to the terms of PepsiCo's executive retention agreements. Each PAS equity award granted prior to the PAS merger vested immediately at the effective time of the PAS merger pursuant to the original terms of the awards. Prior to the mergers, we had equity investments in PBG and PAS. In addition to approximately 32% of PBG's outstanding common stock that we owned at year-end 2009, we owned 100% of PBG's class B common stock and approximately 7% of the equity of Bottling Group, LLC, PBG's principal operating subsidiary. At year-end 2009, we owned approximately 43% of the outstanding common stock of PAS. The guidance on accounting for business combinations requires that an acquirer remeasure its previously held equity interest in an acquiree at its acquisition date fair value and recognize the resulting gain or loss in earnings. Thus, in connection with our acquisitions of PBG and PAS, the carrying amounts of our previously held equity interests in PBG and PAS were revalued to fair value at the acquisition date, resulting in a gain in the first quarter of 2010 of $958 million, comprising $735 million which is non-taxable and recorded in bottling equity income and $223 million related to the reversal of deferred tax liabilities associated with these previously held equity interests. As discussed in Debt Obligations and Commitments, in January 2010, we issued $4.25 billion of fixed and floating rate notes. A portion of the net proceeds from the issuance of these notes was used to finance our acquisitions of PBG and PAS. Our actual stock price on February 25, 2010 (the last trading day prior to the closing of the mergers) was used to determine the value of stock, stock options and RSUs issued as consideration in connection with our acquisitions of PBG and PAS and thus to calculate the actual purchase price.
The table below represents the computation of the purchase price excluding assumed debt and the fair value of our previously held equity interests in PBG and PAS as of the acquisition date:
The following table summarizes the preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed in the PBG and PAS acquisitions and the resulting goodwill as of the acquisition date. The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions, which may result in adjustments to the preliminary values presented below, when appraisals are finalized. We expect to finalize these amounts as soon as possible but no later than by the end of 2010.
Goodwill is calculated as the excess of the purchase price paid over the net assets recognized. The goodwill recorded as part of the PBG and PAS acquisitions primarily reflects the value of adding PBG and PAS to PepsiCo to create a more fully integrated supply chain and go-to-market business model, as well as any intangible assets that do not qualify for separate recognition. Goodwill is not amortizable nor deductible for tax purposes. While the final calculation of goodwill and its allocation among reporting units is not complete, substantially all of the goodwill is recorded in our PAB segment. In connection with our acquisitions of PBG and PAS, we reacquired certain franchise rights which had previously provided PBG and PAS with the exclusive and perpetual rights to manufacture and/or distribute beverages for sale in specified territories. Reacquired franchise rights totaling $8 billion were assigned a perpetual life and are, therefore, not amortizable. Amortizable acquired franchise rights of $0.9 billion have weighted-average estimated useful lives of 49 years. Other amortizable intangible assets, primarily customer relationships, have weighted-average estimated useful lives of 20 years. Under the guidance on accounting for business combinations, merger and integration costs are not included as components of consideration transferred but are accounted for as expenses in the period in which the costs are incurred. See Restructuring, Impairment and Integration Charges for details on the expenses incurred during the 12 and 36 weeks ended September 4, 2010. The following table presents unaudited consolidated pro forma financial information as if the closing of our acquisitions of PBG and PAS had occurred on December 27, 2009 for purposes of the financial information presented for the 36 weeks ended September 4, 2010; and as if the closing of our acquisitions of PBG and PAS had occurred on December 28, 2008 for purposes of the financial information presented for the 12 and 36 weeks ended September 5, 2009.
The unaudited consolidated pro forma financial information was prepared in accordance with the acquisition method of accounting under existing standards, and the regulations of the U.S. Securities and Exchange Commission, and is not necessarily indicative of the results of operations that would have occurred if our acquisitions of PBG and PAS had been completed on the dates indicated, nor is it indicative of the future operating results of PepsiCo.
The historical unaudited consolidated financial information has been adjusted to give effect to pro forma events that are (1) directly attributable to the acquisitions, (2) factually supportable, and (3) expected to have a continuing impact on the combined results of PepsiCo, PBG and PAS. The unaudited pro forma results have been adjusted with respect to certain aspects of our acquisitions of PBG and PAS to reflect:
The unaudited pro forma results do not reflect future events that may occur after the acquisitions, including, but not limited to, the anticipated realization of ongoing savings from operating synergies in subsequent periods. They also do not give effect to certain one-time charges we expect to incur in connection with the acquisitions, including, but not limited to, charges that are expected to achieve ongoing cost savings and synergies. |
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Description of a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. This element may be used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding business combinations, including leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Intangible Assets
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Intangible Assets | Intangible Assets
The change in the book value of nonamortizable intangible assets is as follows:
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Discloses the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain or loss on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. This element may be used as a single block of text to include the entire intangible asset disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation | Stock-Based Compensation
In connection with our acquisition of PBG, we issued 13.4 million stock options and 2.7 million RSUs at weighted-average grant prices of $42.89 and $62.30, respectively, to replace previously held PBG equity awards. In connection with our acquisition of PAS, we issued 0.4 million stock options at a weighted-average grant price of $31.72 to replace previously held PAS equity awards. Our equity issuances included 8.3 million stock options and 0.6 million RSUs which were vested at the acquisition date and were included in the purchase price. The remaining 5.5 million stock options and 2.1 million RSUs issued are unvested and are being amortized over their remaining vesting period, up to 3 years. For the 12 weeks ended September 4, 2010, we recognized stock-based compensation expense of $77 million ($72 million recorded as stock-based compensation expense and $5 million included in PBG/PAS merger and integration charges). Of the $77 million, $12 million was related to the unvested acquisition-related grants described above. For the 36 weeks ended September 4, 2010, we recognized stock-based compensation expense of $236 million ($191 million recorded as stock-based compensation expense and $45 million included in PBG/PAS merger and integration charges). Of the $236 million, $65 million was related to the unvested acquisition-related grants described above. For the 12 and 36 weeks ended September 5, 2009, we recognized stock-based compensation expense of $51 million and $159 million, respectively. In connection with our acquisitions of PBG and PAS, the Compensation Committee of PepsiCo's Board of Directors elected to delay the annual equity award grant from the first quarter of 2010 to the second quarter of 2010, in order to ensure that all eligible employees receive grants on the same date and at the same market price. For the 12 weeks ended September 4, 2010, our grants of stock options and RSUs were nominal. For the 36 weeks ended September 4, 2010, we granted 12.2 million stock options and 4.7 million RSUs at weighted-average grant prices of $66.50 and $66.46, respectively, under the terms of our 2007 Long-Term Incentive Plan. As a result of our annual benefits review, during the third quarter of 2010, the Company approved certain changes to our benefits programs to remain market competitive relative to other leading global companies. These changes included ending the Company's broad-based equity SharePower program. Consequently, beginning in 2011, no new awards will be granted. Outstanding SharePower awards from 2010 and earlier will continue to vest and be exercisable according to the terms and conditions of the program. See Pension and Retiree Medical Benefits for additional information regarding other related changes. Our weighted-average Black-Scholes fair value assumptions are as follows:
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Disclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Pension and Retiree Medical Benefits
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Sep. 04, 2010
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Pension and Retiree Medical Benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension and Retiree Medical Benefits | Pension and Retiree Medical Benefits
In connection with our acquisitions of PBG and PAS, we assumed sponsorship of pension and retiree medical plans that provide defined benefits to U.S. and certain international employees. As of the acquisition date, we preliminarily estimated and recorded the following assets and liabilities for these plans and recorded the net funded status:
During the third quarter of 2010, the Compensation Committee of PepsiCo's Board of Directors approved changes to the U.S. pension and retiree medical plans, effective January 1, 2011. Plan design changes include implementing a new employer contribution to the 401(k) savings plan for certain eligible legacy PBG and PAS salaried employees as well as all future eligible salaried new hires of PepsiCo who are not eligible to participate in the defined benefit pension plan. Plan design changes also include implementing a new defined benefit pension formula for certain legacy PBG and PAS hourly employees and certain eligible hourly new hires and phasing out Company subsidies of retiree medical benefits. In addition, during the third quarter of 2010, we merged the pension plan assets of the legacy PBG and PAS U.S. pension plans with those of PepsiCo into one master trust. As a result of these changes, we remeasured our pension and retiree medical expenses and liabilities in the third quarter of 2010, which resulted in a one-time pre-tax curtailment gain of $62 million included in retiree medical expense, a $39 million reduction in our retiree medical obligations and a $674 million increase in our pension obligations. The components of net periodic benefit cost for pension and retiree medical plans (including, in 2010, the impact of our acquisitions of PBG and PAS and the effects of the subsequent remeasurement of the plans) are as follows:
In 2010, we made discretionary pension contributions of $1.2 billion and expect to make non-discretionary pension contributions of approximately $100 million. Our cash payments for retiree medical benefits are estimated to be approximately $100 million in 2010.
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Description containing the entire pension and other postretirement benefits disclosure as a single block of text. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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Sep. 04, 2010
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Income Taxes | Income Taxes
A rollforward of our reserves for all federal, state and foreign tax jurisdictions, is as follows:
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Description containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net Income Attributable to PepsiCo per Common Share
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Sep. 04, 2010
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Net Income Attributable to PepsiCo per Common Share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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:
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Debt Obligations and Commitments
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Sep. 04, 2010
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Debt Obligations and Commitments | Debt Obligations and Commitments
In the first quarter of 2010, we issued $4.25 billion of fixed and floating rate notes. The issuance was comprised of $1.25 billion of floating rate senior unsecured notes maturing in 2011 (the "2011 Floating Rate Notes"), $1.0 billion of 3.10% senior unsecured notes maturing in 2015, $1.0 billion of 4.50% senior unsecured notes maturing in 2020 and $1.0 billion of 5.50% senior unsecured notes maturing in 2040. The 2011 Floating Rate Notes bear interest at a rate equal to the three-month London Inter-Bank Offered Rate ("LIBOR") plus 3 basis points. A portion of the net proceeds from the issuance of these notes was used to finance our acquisitions of PBG and PAS. The remainder of the net proceeds from the issuance of these notes was designated for general corporate purposes. On February 26, 2010, in connection with the transactions contemplated by the PBG Merger Agreement, Metro, PBG, Bottling Group, LLC, which was previously a subsidiary of PBG, and The Bank of New York Mellon (as successor to The Chase Manhattan Bank) (the PBG Trustee) entered into a First Supplemental Indenture (the PBG Supplemental Indenture) to the Indenture dated March 8, 1999 (the PBG Indenture) between PBG, Bottling Group, LLC and the PBG Trustee. Pursuant to the PBG Supplemental Indenture, Metro assumed the due and punctual payment of the principal of (and premium, if any) and interest on the 7.00% Senior Notes due March 1, 2029 (the 7.00% Notes) under the PBG Indenture. As of September 4, 2010, the outstanding principal amount of the 7.00% Notes was approximately $1 billion. The 7.00% Notes are guaranteed by Bottling Group, LLC. On February 26, 2010, in connection with the transactions contemplated by the PAS Merger Agreement, Metro, PAS and The Bank New York Mellon Trust Company, N.A. (as ultimate successor in interest to The First National Bank of Chicago) (the PAS IL Trustee) entered into a Second Supplemental Indenture (the PAS IL Supplemental Indenture) to the Indenture dated January 15, 1993 (the PAS IL Indenture) between PAS and the PAS IL Trustee. Pursuant to the PAS IL Supplemental Indenture, Metro assumed the due and punctual payment of the principal of (and premium, if any) and interest on the 7.625% Notes due 2015 (the 7.625% Notes), the 7.29% Notes due 2026 (the 7.29% Notes), the 7.44% Notes due 2026 (the 7.44% Notes) and the 4.50% Notes due 2013 (the 4.50% Notes) under the PAS IL Indenture. As of September 4, 2010, the outstanding principal amount of the 7.625% Notes was approximately $9 million, the outstanding principal amount of the 7.29% Notes was approximately $100 million, the outstanding principal amount of the 7.44% Notes was approximately $25 million and the outstanding principal amount of the 4.50% Notes was approximately $150 million. On February 26, 2010, also in connection with the transactions contemplated by the PAS Merger Agreement, Metro, PAS and Wells Fargo Bank, National Association (the PAS MN Trustee, formerly known as Wells Fargo Bank Minnesota, National Association) entered into a First Supplemental Indenture (the PAS MN Supplemental Indenture) to the Indenture dated August 15, 2003 (the PAS MN Indenture) between PAS and the PAS MN Trustee. Pursuant to the PAS MN Supplemental Indenture, Metro assumed the due and punctual payment of the principal of (and premium, if any) and interest on the 5.625% Notes due 2011 (the 5.625% Notes), the 5.75% Notes due 2012 (the 5.75% Notes), the 4.375% Notes due 2014 (the 4.375% Notes), the 4.875% Notes due 2015 (the 4.875% Notes), the 5.00% Notes due 2017 (the 5.00% Notes) and the 5.50% Notes due 2035 (the 5.50% Notes) under the PAS MN Indenture. As of September 4, 2010, the outstanding principal amount of the 5.625% Notes was approximately $250 million, the outstanding principal amount of the 5.75% Notes was approximately $300 million, the outstanding principal amount of the 4.375% Notes was approximately $350 million, the outstanding principal amount of the 4.875% Notes was approximately $300 million, the outstanding principal amount of the 5.00% Notes was approximately $250 million and the outstanding principal amount of the 5.50% Notes was approximately $250 million. As a result of the transactions contemplated by the PBG Merger Agreement, Bottling Group, LLC, became a wholly-owned subsidiary of Metro. Bottling Group, LLC currently has issued and outstanding approximately $1 billion of its 4.625% Senior Notes due 2012 (the 4.625% Notes), $250 million of its 4.125% Senior Notes due 2015 (the 4.125% Notes), $400 million of its 5.00% Senior Notes due 2013 (the 5.00% Notes), $800 million of 5.50% Senior Notes due 2016 (the 5.50% Notes), $1.3 billion of its 6.95% Senior Notes due 2014 (the 6.95% Notes) and $750 million of its 5.125% Senior Notes due 2019 (the 5.125% Notes). Bottling Group, LLC's 4.625% Notes and 6.95% Notes are guaranteed by PepsiCo. Subsequent to the end of the third quarter, Metro's 7.00% Notes, 7.625% Notes, 7.29% Notes, 7.44% Notes, 4.50% Notes, 5.625% Notes, 5.75% Notes, 4.375% Notes, 4.875% Notes, 5.00% Notes, 5.50% Notes and Bottling Group, LLC's 5.00% Notes, 4.125% Notes, 5.50% Notes and 5.125% Notes have been guaranteed by PepsiCo. As of September 4, 2010, the long-term debt acquired from our anchor bottlers (including debt previously issued by PBG, Bottling Group, LLC and PAS) in connection with our acquisitions of PBG and PAS has a total face value of approximately $7,484 million (fair value of $8,842 million) with a weighted-average stated interest rate of 5.7%. This acquired debt has a remaining weighted-average maturity of 7 years. See also Acquisitions of PBG and PAS. As previously disclosed, we entered into amendments to PBG's revolving credit facility (the Amended PBG Credit Facility) and PAS's revolving credit facility (the Amended PAS Credit Facility) and these amendments became effective on February 26, 2010. Under the Amended PBG Credit Facility, Metro is able to borrow up to $1,080 million from time to time. Borrowings under the Amended PBG Credit Facility, which expires in October 2012, are guaranteed by PepsiCo. The Amended PBG Credit Facility was unused as of September 4, 2010. The Amended PAS Credit Facility was terminated on June 16, 2010. In the third quarter of 2010, we entered into a new 364-day unsecured revolving credit agreement which enables us to borrow up to $2,575 million, subject to customary terms and conditions, and expires in June 2011. We may request renewal of this facility for an additional 364-day period or convert any amounts outstanding into a term loan for a period of up to one year, which would mature no later than June 2012. This agreement replaces a $1,975 million 364-day unsecured revolving credit agreement and the $540 million Amended PAS Credit Facility. Funds borrowed under this new agreement may be used for general corporate purposes, including but not limited to repayment of our outstanding commercial paper, working capital, capital investments and/or acquisitions. This agreement is in addition to our existing $3,080 million unsecured revolving credit agreements which expire in 2012. Our lines of credit remain unused as of September 4, 2010. As of September 4, 2010, short-term obligations totaled $5,756 million, of which $3,622 million was comprised of commercial paper.
Long-Term Contractual Commitments(a)
As of September 4, 2010, our total long-term contractual commitments totaled $30,327 million, an increase of $16,606 million from December 26, 2009. This increase is substantially due to the assumption of PBG's and PAS's outstanding debt, the issuance of new debt to finance our acquisitions of PBG and PAS, and the associated interest on debt. Most long-term contractual commitments, except for our long-term debt obligations, are not recorded on our balance sheet. Non-cancelable operating leases primarily represent building leases. Non-cancelable purchasing commitments are primarily for packaging materials, oranges and orange juice. Non-cancelable marketing commitments are primarily for sports marketing. See Pension and Retiree Medical Benefits regarding our pension and retiree medical obligations. |
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Restructuring, Impairment and Integration Charges
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Restructuring, Impairment and Integration Charges | Restructuring, Impairment and Integration Charges
In the 12 weeks ended September 4, 2010, we incurred merger and integration charges of $69 million related to our acquisitions of PBG and PAS, including $38 million recorded in the PAB segment, $15 million recorded in the Europe segment and $16 million recorded in corporate unallocated expenses. In the 36 weeks ended September 4, 2010, we incurred merger and integration charges of $536 million related to our acquisitions of PBG and PAS, including $334 million recorded in the PAB segment, $44 million recorded in the Europe segment, $128 million recorded in corporate unallocated expenses and $30 million recorded in interest expense. All of these charges, other than the interest expense portion, were recorded in selling, general and administrative expenses. These charges are being incurred to help create a more fully integrated supply chain and go-to-market business model, to improve the effectiveness and efficiency of the distribution of our brands and to enhance our revenue growth. These charges also include closing costs, one-time financing costs and advisory fees related to our acquisitions of PBG and PAS. In addition, in the first quarter of 2010, we recorded $9 million of charges, representing our share of the respective merger costs of PBG and PAS, in bottling equity income. Substantially all cash payments related to the above charges are expected to be paid by the end of 2011. In total, these charges had an after-tax impact of $51 million ($0.03 per share) and $431 million ($0.27 per share) for the 12 and 36 weeks ended September 4, 2010, respectively. In the second half of 2009, we incurred $50 million of charges related to the merger of PBG and PAS, of which substantially all was paid in 2009. In the 36 weeks ended September 5, 2009, we incurred charges of $36 million ($29 million after-tax or $0.02 per share) in conjunction with our Productivity for Growth program. Our Productivity for Growth program was completed in the first half of 2009. These charges were recorded in selling, general and administrative expenses. The program included actions in all divisions of the business, including the closure of six plants that we believe will increase cost competitiveness across the supply chain, upgrade and streamline our product portfolio, and simplify the organization for more effective and timely decision-making. Substantially all cash payments related to these charges are expected to be paid by the end of 2010. A summary of our merger and integration activity in 2010 is as follows:
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Restructuring, Impairment and Integration Charges Disclosure No definition available.
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Financial Instruments
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Financial Instruments | Financial Instruments
We are exposed to market risks arising from adverse changes in:
In the normal course of business, we manage these risks through a variety of strategies, including the use of derivatives. Certain derivatives are designated as either cash flow or fair value hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings. Cash flows from derivatives used to manage commodity, foreign exchange or interest risks are classified as operating activities. See "Our Business Risks" in Management's Discussion and Analysis of Financial Condition and Results of Operations for further unaudited information on our business risks. For cash flow hedges, changes in fair value are deferred in accumulated other comprehensive loss within common shareholders' equity until the underlying hedged item is recognized in net income. For fair value hedges, changes in fair value are recognized immediately in earnings, consistent with the underlying hedged item. Hedging transactions are limited to an underlying exposure. As a result, any change in the value of our derivative instruments would be substantially offset by an opposite change in the value of the underlying hedged items. Hedging ineffectiveness and a net earnings impact occur when the change in the value of the hedge does not offset the change in the value of the underlying hedged item. Ineffectiveness of our hedges has not been material. If the derivative instrument is terminated, we continue to defer the related gain or loss and then include it as a component of the cost of the underlying hedged item. Upon determination that the underlying hedged item will not be part of an actual transaction, we recognize the related gain or loss in net income immediately. We also use derivatives that do not qualify for hedge accounting treatment. We account for such derivatives at market value with the resulting gains and losses reflected in our income statement. We do not use derivative instruments for trading or speculative purposes. We perform assessments of our counterparty credit risk regularly, including a review of credit ratings, credit default swap rates and potential nonperformance of the counterparty. Based on our most recent assessment of our counterparty credit risk, we consider this risk to be low. In addition, we enter into derivative contracts with a variety of financial institutions that we believe are creditworthy in order to reduce our concentration of credit risk and generally settle with these financial institutions on a net basis. Commodity Prices We are subject to commodity price risk because our ability to recover increased costs through higher pricing may be limited in the competitive environment in which we operate. This risk is managed through the use of fixed-price purchase orders, pricing agreements, geographic diversity and derivatives. We use derivatives, with terms of no more than three years, to economically hedge price fluctuations related to a portion of our anticipated commodity purchases, primarily for natural gas, diesel fuel and aluminum. For those derivatives that qualify for hedge accounting, any ineffectiveness is recorded immediately in corporate unallocated expenses. We classify both the earnings and cash flow impact from these derivatives consistent with the underlying hedged item. During the next 12 months, we expect to reclassify net losses of $19 million related to these hedges from accumulated other comprehensive loss into net income. Derivatives used to hedge commodity price risk that do not qualify for hedge accounting are marked to market each period and reflected in our income statement. Our open commodity derivative contracts that qualify for hedge accounting had a face value of $577 million as of September 4, 2010 and $169 million as of September 5, 2009. These contracts resulted in net unrealized gains of $7 million as of September 4, 2010 and net unrealized losses of $60 million as of September 5, 2009. Our open commodity derivative contracts that do not qualify for hedge accounting had a face value of $254 million as of September 4, 2010 and $319 million as of September 5, 2009. These contracts resulted in net losses of $3 million as of September 4, 2010 and $123 million as of September 5, 2009. Foreign Exchange Financial statements of foreign subsidiaries are translated into U.S. dollars using period-end exchange rates for assets and liabilities and weighted-average exchange rates for revenues and expenses. Adjustments resulting from translating net assets are reported as a separate component of accumulated other comprehensive loss within common shareholders' equity as currency translation adjustment. On occasion, we may enter into derivatives, primarily forward contracts with terms of no more than two years, to manage our exposure to foreign currency transaction risk. Exchange rate gains or losses related to foreign currency transactions are recognized as transaction gains or losses in our income statement as incurred. Our foreign currency derivatives had a total face value of $1.4 billion as of September 4, 2010 and $1.3 billion as of September 5, 2009. The contracts that qualify for hedge accounting resulted in net unrealized losses of $5 million as of September 4, 2010 and $12 million as of September 5, 2009. During the next 12 months, we expect to reclassify net losses of $2 million related to these hedges from accumulated other comprehensive loss into net income. The contracts that do not qualify for hedge accounting resulted in net gains of $1 million as of September 4, 2010 and $3 million as of September 5, 2009. All losses and gains were offset by changes in the underlying hedged items, resulting in no net material impact on earnings. Interest Rates We centrally manage our debt and investment portfolios considering investment opportunities and risks, tax consequences and overall financing strategies. We use various interest rate derivative instruments including, but not limited to, interest rate swaps, cross currency interest rate swaps, Treasury locks and swap locks to manage our overall interest expense and foreign exchange risk. These instruments effectively change the interest rate and currency of specific debt issuances. Certain of our fixed rate indebtedness has been swapped to floating rates. The notional amount, interest payment and maturity date of the interest rate and cross currency swaps match the principal, interest payment and maturity date of the related debt. Our Treasury locks and swap locks are entered into to protect against unfavorable interest rate changes relating to forecasted debt transactions. The notional amounts of the interest rate derivative instruments outstanding as of September 4, 2010 and September 5, 2009 were $9.2 billion and $5.25 billion, respectively. For those interest rate derivative instruments that qualify for cash flow hedge accounting, any ineffectiveness is recorded immediately. We classify both the earnings and cash flow impact from these interest rate derivative instruments consistent with the underlying hedged item. During the next 12 months, we expect to reclassify net losses of $6 million related to these hedges from accumulated other comprehensive loss into net income. As of September 4, 2010, approximately 46% of total debt (including indebtedness acquired in our acquisitions of PBG and PAS), after the impact of the related interest rate derivative instruments, was exposed to variable rates, compared to 57% as of December 26, 2009. In addition to variable rate long-term debt, all debt with maturities of less than one year is categorized as variable for purposes of this measure.
Fair Value Measurements The fair values of our financial assets and liabilities are categorized as follows:
The fair value of our debt obligations as of September 4, 2010 was $25.9 billion, based upon prices of similar instruments in the marketplace.
The effective portion of the pre-tax (gains)/losses on our derivative instruments are categorized in the tables below.
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This element can be used to disclose the entity's entire derivative instruments and hedging activities disclosure as a single block of text. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising there from, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Recent Accounting Pronouncements
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Sep. 04, 2010
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Recent Accounting Pronouncements | Recent Accounting Pronouncements
In June 2009, the Financial Accounting Standards Board (FASB) amended its accounting guidance on the consolidation of variable interest entities (VIE). Among other things, the new guidance requires a qualitative rather than a quantitative assessment to determine the primary beneficiary of a VIE based on whether the entity (1) has the power to direct matters that most significantly impact the activities of the VIE and (2) has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. In addition, the amended guidance requires an ongoing reconsideration of the primary beneficiary. The provisions of this new guidance were effective as of the beginning of our 2010 fiscal year, and the adoption did not have a material impact on our financial statements. In the second quarter of 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law. The PPACA changes the tax treatment related to an existing retiree drug subsidy (RDS) available to sponsors of retiree health benefit plans that provide a benefit that is at least actuarially equivalent to the benefits under Medicare Part D. As a result of the PPACA, RDS payments will effectively become taxable in tax years beginning in 2013, by requiring the amount of the subsidy received to be offset against our deduction for health care expenses. The provisions of the PPACA required us to record the effect of this tax law change beginning in our second quarter of 2010, and consequently we recorded a one-time related tax charge of $41 million in the second quarter of 2010. We are currently evaluating the longer-term impacts of this new legislation. |
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Represents disclosure of any changes in an accounting principle, including a change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. Also disclose any change in the method of applying an accounting principle, or any change in an accounting principle required by a new pronouncement in the unusual instance that a new pronouncement does not include specific transition provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis of Presentation and Our Divisions (Policy)
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Sep. 04, 2010
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Basis of Presentation and Our Divisions [Abstract] | |
Revenue Recognition, Policy | 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, generally in proportion to revenue, |
Income Tax, Policy | and the recognition of income taxes using an estimated annual effective tax rate. |
Cost of Sales, Policy | Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw material handling facilities, are included in cost of sales. |
Selling, General and Administrative Expenses, Policy | The costs of moving, storing and delivering finished product are included in selling, general and administrative expenses. |
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Describes an entity's accounting policies for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. Description may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This description also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Describes an entity's accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Describes an entity's accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction should be disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Describes the nature of and identifies the significant items comprising an entity's selling, general and administrative (or similar) report caption. No definition available.
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Basis of Presentation and Our Divisions (Tables)
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Sep. 04, 2010
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Net Revenue And Operating Profit [Member]
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Schedule of Segment Reporting Information, by Segment |
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Total Assets [Member]
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Schedule of Segment Reporting Information, by Segment |
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X | ||||||||||
- Definition
This element may be used to capture the complete disclosure about the profit or loss and total assets for each reportable segment, as a single block of text. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions of PBG and PAS (Tables)
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
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Acquisitions of PBG and PAS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computation Of Purchase Price |
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Fair Value Of Identifiable Assets Acquired And Liabilities Assumed |
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Business Acquisition, Pro Forma Information |
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X | ||||||||||
- Definition
Total purchase price excluding assumed debt and fair value of previously held equity interests No definition available.
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X | ||||||||||
- Definition
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Pro Forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. This element may be used as a single block of text to encapsulate all disclosures regarding the pro forma results of the combined entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Intangible Assets (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
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Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortizable intangible assets, net |
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Change in book value of nonamortizable intangible assets |
|
X | ||||||||||
- Definition
Change In Book Value Of Nonamortizable Intangible Assets No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Tables)
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
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Stock-Based Compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Table Of Weighted-Average Black-Scholes Fair Value Assumptions |
|
X | ||||||||||
- Definition
Table Of Weighted-Average Black-Scholes Fair Value Assumptions Text Block No definition available.
|
X | ||||||||||
- Details
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Pension and Retiree Medical Benefits (Tables)
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3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
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Sep. 04, 2010
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Pension and Retiree Medical Benefits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Funded Status of Pension and Retiree Medical Plans |
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Components Of Net Periodic Benefit Costs |
|
|
X | ||||||||||
- Definition
Components Of Net Periodic Benefit Costs No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
This element may be used to capture the entire disclosure for an employer that sponsors one or more defined benefit pension plans or one or more other defined benefit postretirement plans, of certain information, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
|
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Income Taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves for Federal, State And Foreign Jurisdictions |
|
X | ||||||||||
- Definition
Rollforward of Reserves For Federal State And Foreign Jurisdictions. No definition available.
|
X | ||||||||||
- Details
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Net Income Attributable to PepsiCo per Common Share (Tables)
|
3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
|
Sep. 04, 2010
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income Attributable to PepsiCo per Common Share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Basic and Diluted Earnings Per Share |
|
|
X | ||||||||||
- Definition
Schedule Of Basic And Diluted Earnings Per Share No definition available.
|
X | ||||||||||
- Details
|
Debt Obligations and Commitments (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
|
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Debt Obligations and Commitments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term Contractual Commitments |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Schedule of non-cancelable long-term contractual commitments No definition available.
|
Restructuring, Impairment and Integration Charges (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
|
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Restructuring, Impairment and Integration Charges [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Merger and Integration Activity |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Schedule Of Merger And Integration Activity No definition available.
|
Financial Instruments (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 04, 2010
|
Sep. 05, 2009
|
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Financial Instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Values of Financial Assets and Liabilities |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effective Portion of Pre-tax (gains)/losses on Derivative Instruments |
|
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Schedule of the location and amount of gains and losses reported in the statement of financial performance (or when applicable, the statement of financial position, for example, gains and losses initially recognized in other comprehensive income) on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element can be used as an alternative for disclosing the entity's tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position as a single block of text. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basis of Presentation and Our Divisions (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended |
---|---|---|
Mar. 20, 2010
|
Sep. 04, 2010
|
|
Basis of Presentation and Our Divisions [Abstract] | ||
Gain on previously held equity interests in PBG and PAS | $ 958 | $ 958 |
Non-taxable portion of gain on previously held equity investments bottling equity income | 735 | |
Reversal of deferred tax liability associated with previously held equity interests | $ 223 | |
Number of business units | 4 | |
Number of divisions | 6 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Represents a non-taxable portion of gain on previously held equity interests, which is recorded in bottling equity income. No definition available.
|
X | ||||||||||
- Definition
The number of business units at PepsiCo No definition available.
|
X | ||||||||||
- Definition
The number of divisions or reportable segments at PepsiCo No definition available.
|
X | ||||||||||
- Definition
Represents reversal of deferred tax liability associated with previously held equity interests. No definition available.
|
X | ||||||||||
- Definition
In a business combination achieved in stages, this element represents the amount of gain or loss recognized by the entity as a result of re measuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basis of Presentation and Our Divisions (Net Revenue and Operating Profit by Division) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 05, 2009
|
|||||||
Operating Profit | $ 2,800 | $ 2,232 | $ 6,101 | $ 6,010 | ||||||
Net Revenue | 15,514 | 11,080 | 39,683 | 29,935 | ||||||
FLNA [Member]
|
||||||||||
Net Revenue | 3,244 | 3,198 | 9,506 | 9,336 | ||||||
Operating Profit | 907 | 822 | 2,522 | 2,302 | ||||||
QFNA [Member]
|
||||||||||
Net Revenue | 407 | 418 | 1,266 | 1,299 | ||||||
Operating Profit | 126 | 131 | 393 | 438 | ||||||
LAF [Member]
|
||||||||||
Net Revenue | 1,542 | 1,396 | 4,063 | 3,641 | ||||||
Operating Profit | 238 | 199 | 616 | 603 | ||||||
PAB [Member]
|
||||||||||
Net Revenue | 5,792 | [1] | 2,656 | [1] | 14,105 | [1] | 7,362 | [1] | ||
Operating Profit | 1,017 | [1] | 607 | [1] | 2,042 | [1] | 1,650 | [1] | ||
Europe [Member]
|
||||||||||
Net Revenue | 2,762 | [1] | 1,874 | [1] | 6,171 | [1] | 4,463 | [1] | ||
Operating Profit | 423 | [1] | 318 | [1] | 802 | [1] | 673 | [1] | ||
AMEA [Member]
|
||||||||||
Net Revenue | 1,767 | 1,538 | 4,572 | 3,834 | ||||||
Operating Profit | 244 | 297 | 681 | 670 | ||||||
Total Division [Member]
|
||||||||||
Operating Profit | 2,955 | 2,374 | 7,056 | 6,336 | ||||||
Corporate Unallocated Net Impact Of Mark-To-Market On Commodity Hedges [Member]
|
||||||||||
Operating Profit | 16 | 29 | 58 | 191 | ||||||
Corporate Unallocated PBG/PAS Merger And Integration Costs [Member]
|
||||||||||
Operating Profit | (16) | (1) | (128) | (1) | ||||||
Corporate Unallocated Venezuela Currency Devaluation [Member]
|
||||||||||
Operating Profit | (129) | |||||||||
Corporate Unallocated Asset Write-Off [Member]
|
||||||||||
Operating Profit | (145) | |||||||||
Corporate Unallocated Foundation Contribution [Member]
|
||||||||||
Operating Profit | (100) | |||||||||
Corporate Unallocated Other [Member]
|
||||||||||
Operating Profit | $ (155) | $ (170) | $ (511) | $ (516) | ||||||
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of total revenue for the reportable segment, including revenue from external customers, transactions with other operating segments of the same entity, and (gross) interest revenue. All considered to be "operating revenue" for purposes of the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of profit or loss for reportable segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basis of Presentation and Our Divisions (Total Assets by Division) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 04, 2010
|
Dec. 26, 2009
|
||||
---|---|---|---|---|---|---|
Total Assets | $ 66,702 | $ 39,848 | ||||
FLNA [Member]
|
||||||
Total Assets | 6,365 | 6,337 | ||||
QFNA [Member]
|
||||||
Total Assets | 962 | 997 | ||||
LAF [Member]
|
||||||
Total Assets | 3,575 | 3,575 | ||||
PAB [Member]
|
||||||
Total Assets | 32,083 | [1] | 7,670 | [1] | ||
Europe [Member]
|
||||||
Total Assets | 12,878 | [1] | 9,321 | [1] | ||
AMEA [Member]
|
||||||
Total Assets | 5,488 | 4,937 | ||||
Total Division [Member]
|
||||||
Total Assets | 61,351 | 32,837 | ||||
Corporate [Member]
|
||||||
Total Assets | 5,107 | 3,933 | ||||
Investments In Bottling Affiliates [Member]
|
||||||
Total Assets | $ 244 | [1] | $ 3,078 | [1] | ||
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of total assets attributed to the reportable segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions of PBG and PAS (Narrative) (Details) (USD $)
|
3 Months Ended | 9 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Mar. 20, 2010
|
Sep. 04, 2010
|
Feb. 26, 2010
|
Jan. 31, 2010
|
Feb. 26, 2010
PBG [Member]
|
Dec. 26, 2009
PBG [Member]
|
Feb. 26, 2010
PAS [Member]
|
Dec. 26, 2009
PAS [Member]
|
Dec. 26, 2009
Bottling Group, LLC [Member]
|
|
Reversal of deferred tax liability associated with previously held equity interests | $ 223,000,000 | ||||||||
Non-taxable portion of gain on previously held equity investments bottling equity income | 735,000,000 | ||||||||
Total purchase price | 12,600,000,000 | ||||||||
Cash and equity portion of purchase price | 8,300,000,000 | ||||||||
Previously held equity interests in PBG and PAS | 4,300,000,000 | ||||||||
Per share stock consideration | 0.6432 | 0.5022 | |||||||
Cash election price | 36.50 | 28.50 | |||||||
Percentage shares converted into right to receive common stock | 50.00% | 50.00% | |||||||
Percentage shares converted into right to receive cash | 50.00% | 50.00% | |||||||
RSU target achievement | 100.00% | ||||||||
Outstanding common stock ownership percentage | 32.00% | 43.00% | 7.00% | ||||||
PBG Class B common stock ownership percentage | 100.00% | ||||||||
Gain resulting from remeasurement of equity interests | 958,000,000 | 958,000,000 | |||||||
Fixed and floating rate notes issued | 4,250,000,000 | 4,250,000,000 | |||||||
Unamortizable reacquired franchise rights | 8,000,000,000 | ||||||||
Amortizable acquired franchise rights | $ 900,000,000 | ||||||||
Acquired franchise rights, weighted-average useful life, in years | 49 | ||||||||
Acquired other amortizable intangible assets, weighted-average useful life, in years | 20 | ||||||||
Ownership in PBG and PAS after consolidation | 100.00% |
X | ||||||||||
- Definition
PBG Class B Common Stock Ownership Percentage No definition available.
|
X | ||||||||||
- Definition
Sum of cash paid to acquire the entity and fair value of noncash consideration given by the acquirer to acquire the entity. No definition available.
|
X | ||||||||||
- Definition
Fair value at the acquisition date of acquired franchise rights under a license agreement (for example, to sell specified products in a specified territory) having a specified expiration date, including reasonably expected renewal periods. No definition available.
|
X | ||||||||||
- Definition
Fair value at the acquisition date of reacquired rights previously granted to an acquiree to use certain of its assets via a franchise agreement. Franchise agreement has an indefinite period of benefit. No definition available.
|
X | ||||||||||
- Definition
Right to receive at the holder's election a certain amount of cash per share agreed upon in the merger agreement. No definition available.
|
X | ||||||||||
- Definition
The weighted-average useful life of acquired franchise rights. No definition available.
|
X | ||||||||||
- Definition
The weighted-average useful life of other acquired amortizable intangible assets No definition available.
|
X | ||||||||||
- Definition
Represents a non-taxable portion of gain on previously held equity interests, which is recorded in bottling equity income. No definition available.
|
X | ||||||||||
- Definition
Ownership in PBG And PAS After Consolidation No definition available.
|
X | ||||||||||
- Definition
Percentage of shares converted into the right to receive cash equal to an aggregate of 50% of outstanding shares of the acquired entity. No definition available.
|
X | ||||||||||
- Definition
Percentage of shares converted into the right to receive common stock equal to an aggregate of 50% of outstanding shares of the acquired entity. No definition available.
|
X | ||||||||||
- Definition
Right to receive at the holder's election a certain number of shares of company common stock agreed upon in the merger agreement No definition available.
|
X | ||||||||||
- Definition
Represents reversal of deferred tax liability associated with previously held equity interests. No definition available.
|
X | ||||||||||
- Definition
RSU target achievement set to 100% and representing the basis for conversion of an acquiree's performance-based RSUs into an acquirer's RSUs. No definition available.
|
X | ||||||||||
- Definition
The acquisition-date fair value of the equity interests of the acquirer, including the number of instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total cost of the acquired entity including the cash paid to shareholders of acquired entities, fair value of debt and equity securities issued to shareholders of acquired entities, the fair value of the liabilities assumed, and direct costs of the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
In a business combination achieved in stages, this element represents the amount of gain or loss recognized by the entity as a result of re measuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions of PBG and PAS (Computation of purchase price) (Details) (USD $)
In Millions, unless otherwise specified |
Feb. 26, 2010
|
---|---|
Total Number Of Shares And Awards Issued [Member]
|
|
Payment to PBG and PAS of shares of PepsiCo common stock for the remaining outstanding shares of PBG and PAS common stock and equity awards vested | 67 |
Issuance of PepsiCo equity awards to replace existing PBG and PAS equity awards | 16 |
Total purchase price, shares | 83 |
Total Estimated Fair Value [Member]
|
|
Payment in cash, for remaining outstanding shares of PBG and PAS common stock awards vested at consummation of merger | $ 3,813 |
Payment to PBG and PAS of shares of PepsiCo common stock for the remaining outstanding shares of PBG and PAS common stock and equity awards vested | 4,175 |
Issuance of PepsiCo equity awards to replace existing PBG and PAS equity awards | 276 |
Total purchase price | $ 8,264 |
X | ||||||||||
- Definition
Fair value of the acquirer's equity awards to replace existing equity awards of the acquired entities. No definition available.
|
X | ||||||||||
- Definition
Total awards issued to replace existing equity awards of the acquired entities No definition available.
|
X | ||||||||||
- Definition
Total number of shares/awards issued for the remaining outstanding shares of the acquired entities' common stock and equity awards vested at consummation of the merger and awards issued to replace existing equity awards of the acquired entities. No definition available.
|
X | ||||||||||
- Definition
Total Purchase Price Excluding Assumed Debt and Fair Value of Previously Held Equity Interests in PBG and PAS. No definition available.
|
X | ||||||||||
- Definition
Total number of shares of acquirer common stock issued for the remaining outstanding shares of the acquired entities' common stock and equity awards vested at consummation of merger No definition available.
|
X | ||||||||||
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of noncash consideration given by the acquirer to acquire the entity. Does not include cash paid, the fair value of debt and securities issued and liabilities incurred to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions of PBG and PAS (Preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed) (Details) (USD $)
In Millions, unless otherwise specified |
Feb. 26, 2010
|
|||
---|---|---|---|---|
Acquisitions of PBG and PAS | ||||
Inventory | $ 1,007 | |||
Property, plant and equipment | 6,165 | |||
Amortizable intangible assets | 1,314 | |||
Nonamortizable intangible assets, primarily reacquired franchise rights | 9,130 | |||
Other current assets and current liabilities | 830 | [1] | ||
Other noncurrent assets | 266 | |||
Debt obligations | (8,814) | |||
Pension and retiree medical benefits | (962) | |||
Other noncurrent liabilities | (688) | |||
Deferred income taxes | (3,471) | |||
Total identifiable net assets | 4,777 | |||
Goodwill | 7,462 | |||
Subtotal | 12,239 | |||
Fair value of acquisition of noncontrolling interest | 317 | |||
Total purchase price | $ 12,556 | |||
|
X | ||||||||||
- Definition
The amount of purchase price of a business combination allocated to other current assets and current liabilities. No definition available.
|
X | ||||||||||
- Definition
The amount of purchase price of a business combination allocated to pension and retiree medical benefits No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total purchase price of the acquired entity. This includes cash paid to equity interest holders of the acquired entity, fair value of debt and equity securities issued to equity holders of the acquired entity, and transaction costs paid to third parties to consummate the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to inventory, including finished goods, work-in-process, and raw materials. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax assets or liabilities for the differences between the values assigned and the tax bases of assets and liabilities in a business combination, net of any valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to an identifiable intangible asset that will not be amortized. Does not include goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to notes payables and long-term debt assumed from the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to noncurrent assets of the acquired entity, except for property plant and equipment, intangible assets, and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to other noncurrent liabilities of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to property, plant and equipment to be used in ongoing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the fair value of the noncontrolling interest in the acquiree at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net amount recognized as of the acquisition date for the aggregate assets, including goodwill, in excess of or less than the aggregate liabilities assumed, less the noncontrolling interest in the acquiree. This amount represents the recognized net assets acquired which are attributable to the parent which may also be viewed as the incremental amount of equity attributable to the parent resulting from the business combination. No definition available.
|
X | ||||||||||
- Definition
The net amount recognized as of the acquisition date for the aggregate assets, including goodwill, in excess of or less than the aggregate liabilities assumed. This amount may also be viewed as the incremental amount of equity that the consolidated entity (including the portion attributable to the noncontrolling interest) will recognize as a result of the business combination. No definition available.
|
Acquisitions of PBG and PAS (Pro forma financial information) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 05, 2009
|
||||
Acquisitions of PBG and PAS | ||||||
Net Revenue | $ 14,927 | $ 41,427 | $ 40,317 | |||
Net Income Attributable to PepsiCo | $ 2,041 | $ 4,491 | [1] | $ 5,144 | ||
Net Income Attributable to PepsiCo per Common Share- Diluted | $ 1.24 | $ 2.75 | [1] | $ 3.13 | ||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma net income (loss) for the period as if the business combination or combinations had been completed at the beginning of a period Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Intangible Assets (Amortizable intangible assets, net) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 04, 2010
|
Dec. 26, 2009
|
---|---|---|
Amortizable intangible assets | $ 3,243 | $ 1,970 |
Accumulated amortization | (1,190) | (1,129) |
Amortizable Intangible Assets, net | 2,053 | 841 |
Acquired Franchise Rights [Member]
|
||
Amortizable intangible assets | 943 | |
Reacquired Franchise Rights [Member]
|
||
Amortizable intangible assets | 120 | |
Brands [Member]
|
||
Amortizable intangible assets | 1,440 | 1,465 |
Other Identifiable Intangibles [Member]
|
||
Amortizable intangible assets | $ 740 | $ 505 |
X | ||||||||||
- Definition
The accumulated amount of amortization of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the gross carrying amounts before accumulated amortization as of the balance sheet date of all intangible assets having statutory or estimated useful lives. The aggregate gross carrying amount (including any previously recognized impairment charges) of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Intangible Assets (Change in book value of nonamortizable assets) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 04, 2010
FLNA [Member]
|
Sep. 04, 2010
LAF [Member]
|
Sep. 04, 2010
PAB [Member]
|
Sep. 04, 2010
Europe [Member]
|
Sep. 04, 2010
AMEA [Member]
|
Sep. 04, 2010
Goodwill [Member]
|
Sep. 04, 2010
Goodwill [Member]
FLNA [Member]
|
Sep. 04, 2010
Goodwill [Member]
QFNA [Member]
|
Dec. 26, 2009
Goodwill [Member]
QFNA [Member]
|
Sep. 04, 2010
Goodwill [Member]
LAF [Member]
|
Sep. 04, 2010
Goodwill [Member]
PAB [Member]
|
Sep. 04, 2010
Goodwill [Member]
Europe [Member]
|
Sep. 04, 2010
Goodwill [Member]
AMEA [Member]
|
Sep. 04, 2010
Brands [Member]
|
Sep. 04, 2010
Brands [Member]
FLNA [Member]
|
Dec. 26, 2009
Brands [Member]
FLNA [Member]
|
Sep. 04, 2010
Brands [Member]
LAF [Member]
|
Sep. 04, 2010
Brands [Member]
PAB [Member]
|
Sep. 04, 2010
Brands [Member]
Europe [Member]
|
Sep. 04, 2010
Brands [Member]
AMEA [Member]
|
Sep. 04, 2010
Reacquired Franchise Rights [Member]
|
Sep. 04, 2010
Reacquired Franchise Rights [Member]
PAB [Member]
|
Sep. 04, 2010
Reacquired Franchise Rights [Member]
Europe [Member]
|
Sep. 04, 2010
Acquired Franchise Rights [Member]
|
Sep. 04, 2010
Acquired Franchise Rights [Member]
PAB [Member]
|
Sep. 04, 2010
Acquired Franchise Rights [Member]
Europe [Member]
|
|||||||||||||||
Balance 12/26/09 | $ 8,316 | $ 336 | $ 615 | $ 2,543 | [1] | $ 4,002 | [1] | $ 645 | $ 6,534 | $ 306 | $ 175 | $ 175 | $ 479 | $ 2,431 | [1] | $ 2,624 | [1] | $ 519 | $ 1,782 | $ 30 | $ 30 | $ 136 | $ 112 | [1] | $ 1,378 | [1] | $ 126 | ||||||||||||||
Acquisitions | 16,696 | 14,910 | [1] | 1,694 | [1] | 92 | 7,546 | 6,759 | [1] | 703 | [1] | 84 | 30 | 22 | [1] | 8 | 8,010 | 7,482 | [1] | 528 | [1] | 1,110 | 647 | [1] | 463 | [1] | |||||||||||||||
Translation and Other | 602 | 2 | 13 | 922 | [1] | (338) | [1] | 3 | (175) | 2 | 7 | 7 | [1] | (193) | [1] | 2 | (86) | 6 | (2) | [1] | (91) | [1] | 1 | (12) | 16 | [1] | (28) | [1] | 875 | 901 | [1],[2] | (26) | [1] | ||||||||
Balance 9/04/10 | 25,614 | 338 | 628 | 18,375 | [1] | 5,358 | [1] | 740 | 13,905 | 308 | 175 | 175 | 486 | 9,197 | [1] | 3,134 | [1] | 605 | 1,726 | 30 | 30 | 142 | 132 | [1] | 1,287 | [1] | 135 | 7,998 | 7,498 | [1] | 500 | [1] | 1,985 | 1,548 | [1] | 437 | [1] | ||||
Acquisition of manufacturing and distribution rights from Dr Pepper Snapple Group, Inc. (DPSG) | $ 900 | ||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
Carrying amount of intangible assets, excluding goodwill, which have a projected indefinite period of benefit (hence are not amortized), allocated to the reportable segment. These assets, acquired either individually or as part of a group of assets, in either an asset acquisition or business combination, are assessed at least annually for impairment. Examples may include trade secrets, contractual rights, trade names, and licensing agreements. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of indefinite-lived intangible assets acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. No definition available.
|
X | ||||||||||
- Definition
Reflects net changes to the recorded value of indefinite-lived intangible assets for foreign currency translation adjustments and purchase accounting adjustments needed to revise the carrying amount of indefinite-lived intangible assets to fair value. No definition available.
|
X | ||||||||||
- Definition
The cash outflow from amounts paid for the rights to manage the property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 05, 2009
|
Feb. 26, 2010
|
|
Weighted-average grant price stock options | 66.50 | ||||
Weighted-average grant price restricted stock awards | 66.46 | ||||
Stock option equity issuances, vested at acquisition | 8.3 | ||||
RSU equity issuances, vested at acquisition | 0.6 | ||||
Stock options, unvested | 5.5 | ||||
RSUs, unvested | 2.1 | ||||
Acquisition-related awards remaining vesting period, in years | 3 | 3 | |||
Total stock-based compensation expense | $ 77 | $ 236 | |||
Stock-based compensation expense | 72 | 51 | 191 | 159 | |
PBG/PAS merger and integration charges, stock-based compensation | 5 | 45 | |||
Unvested acquisition related grants | $ 12 | $ 65 | |||
Stock options granted | 12.2 | ||||
RSUs granted | 4.7 | ||||
PBG [Member]
|
|||||
Weighted-average grant price, stock options | 42.89 | ||||
Weighted-average grant price, RSUs | 62.30 | ||||
Stock options issued | 13.4 | ||||
RSUs issued | 2.7 | ||||
PAS [Member]
|
|||||
Weighted-average grant price, stock options | 31.72 | ||||
Stock options issued | 0.4 |
X | ||||||||||
- Definition
The remaining vesting period of equity awards issued in connection with the company's acquisitions of acquired entities, in years. No definition available.
|
X | ||||||||||
- Definition
Stock-based compensation related to unvested equity awards issued in connection with the company's acquisitions of the acquired entities. No definition available.
|
X | ||||||||||
- Definition
The portion of stock-based compensation included in merger and integration charges recorded in connection with the company's acquisitions of the acquired entities No definition available.
|
X | ||||||||||
- Definition
Restricted stock unit equity awards issued in connection with the company's acquisitions of the acquired entities. No definition available.
|
X | ||||||||||
- Definition
Unvested restricted stock unit equity awards issued in connection with the company's acquisitions of acquired entities. No definition available.
|
X | ||||||||||
- Definition
Restricted stock unit equity awards issued and vested upon the consummation of the company's mergers with the acquired entities No definition available.
|
X | ||||||||||
- Definition
Restricted stock units granted during the period. No definition available.
|
X | ||||||||||
- Definition
Stock option equity awards issued in connection with the company's acquisitions of the acquired entities. No definition available.
|
X | ||||||||||
- Definition
Unvested stock option equity awards issued in connection with the company's acquisitions of acquired entities. No definition available.
|
X | ||||||||||
- Definition
Stock option equity awards issued and vested upon the consummation of the company's mergers with the acquired entities. No definition available.
|
X | ||||||||||
- Definition
Total stock-based compensation that includes amounts recorded in stock-based compensation expense and amounts recorded in merger and integration charges. No definition available.
|
X | ||||||||||
- Definition
Weighted-average grant price of stock options issued in connection with the company's acquisitions. No definition available.
|
X | ||||||||||
- Definition
The weighted-average grant price of restricted stock unit awards. No definition available.
|
X | ||||||||||
- Definition
Weighted average grant price of restricted stock units issued in connection with the company's acquisitions of the acquired entities. No definition available.
|
X | ||||||||||
- Definition
The weighted-average grant price of stock option awards. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The quantity of shares issuable on stock options awarded under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Black-Scholes fair value assumptions) (Details)
|
9 Months Ended | |||||
---|---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
|||||
Stock-Based Compensation | ||||||
Expected life, in years | 5 | 6 | ||||
Risk free interest rate | 2.30% | 2.80% | ||||
Expected volatility | 17.00% | [1] | 17.00% | [1] | ||
Expected dividend yield | 2.80% | 3.00% | ||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The period of time a share-based award is expected to be outstanding. A share-based award's expected term shall be determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior. An entity is required to aggregate individual awards into relatively homogeneous groups. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated measure of the percentage amount by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Pension and Retiree Medical Benefits (Narrative) (Details) (USD $)
|
3 Months Ended | 12 Months Ended |
---|---|---|
Sep. 04, 2010
|
Dec. 25, 2010
|
|
Pension and Retiree Medical Benefits | ||
Pension contributions discretionary portion | $ 1,200,000,000 | |
Pension contribution non discretionary portion | 100,000,000 | |
Cash payments for retiree medical benefits | 100,000,000 | |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments | 62,000,000 | |
Decrease in Retirement Medical Obligations | 39,000,000 | |
Increase (Decrease) in Pension Plan Obligations | $ 674,000,000 |
X | ||||||||||
- Definition
The amount of estimated cash paid for retiree medical benefits. No definition available.
|
X | ||||||||||
- Definition
Decrease Increase In Retirement Medical Obligations No definition available.
|
X | ||||||||||
- Definition
The estimated portion of the company's pension contribution that is non-discretionary. No definition available.
|
X | ||||||||||
- Definition
The portion of the company's pension contribution that is discretionary. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of net gain or loss recognized in net periodic benefit cost due to settlements and curtailments. Curtailments result from an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Settlements result from an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include (a) making lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and (b) purchasing nonparticipating annuity contracts to cover vested benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net change during the reporting period in the amount due to fund retirement benefits to employees, retired and disabled former employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Pension and Retiree Medical Benefits (Net funded status) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 04, 2010
|
---|---|
Retiree Medical [Member]
|
|
Projected benefit liability | $ 396 |
Funded status | (396) |
U.S. [Member]
|
|
Fair value of plan assets | 1,633 |
Projected benefit liability | 2,161 |
Funded status | (528) |
International [Member]
|
|
Fair value of plan assets | 52 |
Projected benefit liability | 90 |
Funded status | $ (38) |
X | ||||||||||
- Definition
1) For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. The projected benefit obligation is measured using assumptions as to future compensation levels if the pension benefit formula is based on those future compensation levels (pay-related, final-pay, final-average-pay, or career-average-pay plans). For plans with flat-benefit or nonpay-related pension benefit formulas, the accumulated benefit obligation and the projected benefit obligation are the same. 2) For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date. Prior to an employee's full eligibility date, the accumulated postretirement benefit obligation as of a particular date for an employee is the portion of the expected postretirement benefit obligation attributed to that employee's service rendered to that date; on and after the full eligibility date, the accumulated and expected postretirement benefit obligations for an employee are the same. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those nonbenefit obligations may be considered as reductions of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The funded status is measured as the difference between the fair value of plan assets and the benefit obligation. Will normally be the same as the net Defined Benefit Plan, Amounts Recognized in Balance Sheet, Total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Pension and Retiree Medical Benefits (Components of net periodic benefit costs) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 05, 2009
|
|
U.S. [Member]
|
||||
Service cost | $ 73 | $ 55 | $ 203 | $ 165 |
Interest cost | 123 | 86 | 341 | 258 |
Expected return on plan assets | (158) | (107) | (433) | (320) |
Amortization of prior service cost/(benefit) | 3 | 3 | 8 | 8 |
Amortization of experience loss | 30 | 26 | 80 | 77 |
Total expense before termination benefits and curtailments | 71 | 63 | 199 | 188 |
Special termination benefits | 23 | |||
Curtailment gain | (1) | (2) | (3) | |
Total expense | 71 | 62 | 220 | 185 |
International [Member]
|
||||
Service cost | 19 | 11 | 52 | 30 |
Interest cost | 26 | 20 | 70 | 53 |
Expected return on plan assets | (31) | (25) | (84) | (67) |
Amortization of prior service cost/(benefit) | 1 | 2 | 1 | |
Amortization of experience loss | 6 | 2 | 16 | 5 |
Total expense before termination benefits and curtailments | 21 | 8 | 56 | 22 |
Total expense | 21 | 8 | 56 | 22 |
Retiree Medical [Member]
|
||||
Service cost | 13 | 11 | 39 | 31 |
Interest cost | 22 | 18 | 65 | 56 |
Amortization of prior service cost/(benefit) | (5) | (4) | (13) | (12) |
Amortization of experience loss | 2 | 3 | 4 | 8 |
Total expense before termination benefits and curtailments | 32 | 28 | 95 | 83 |
Special termination benefits | 1 | |||
Curtailment gain | (62) | (62) | ||
Total expense | $ (30) | $ 28 | $ 34 | $ 83 |
X | ||||||||||
- Definition
The amortization of experience gains or losses recognized in the income statement. No definition available.
|
X | ||||||||||
- Definition
The amount of increase (decrease) in expense prior to special termination benefits or curtailments. No definition available.
|
X | ||||||||||
- Definition
The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of decrease that is related to an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain or loss, prior service cost or credit, transition asset or obligation, and gain or loss due to settlements or curtailments). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of increase related to special termination benefits offered to and accepted by employees in connection with their termination of employment that are only offered for a short period of time. A situation involving termination benefits may also involve a curtailment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Reserve rollforward) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|
Sep. 04, 2010
|
Dec. 26, 2009
|
||||
Income Taxes | |||||
Balance, beginning of year | $ 1,731 | $ 1,711 | |||
Additions for tax positions related to the current year | 210 | 238 | |||
Additions for tax positions from prior years | 416 | 79 | |||
Reductions for tax positions from prior years | (393) | (236) | |||
Settlement payments | (64) | ||||
Statute of limitations expiration | (3) | (4) | |||
Translation and other | 7 | ||||
Balance, end of period | $ 1,961 | [1] | $ 1,731 | ||
|
X | ||||||||||
- Definition
The gross amount of increases or decreases in unrecognized tax benefits resulting from translation and other activity. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The gross amount of unrecognized tax benefits (tax reductions recognized in financial reports but excluded from tax returns) pertaining to uncertain tax positions taken in tax returns as of the beginning balance sheet date, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from settlements with taxing authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions that have been or will be taken in the tax return for the current period, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from lapses of the applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Net Income Attributable to PepsiCo per Common Share (Basic and Diluted Net Income attributable to PepsiCo per common share) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 05, 2009
|
|||||||||||
Net Income Attributable to PepsiCo per Common Share | ||||||||||||||||
Net income attributable to PepsiCo | $ 1,922 | $ 1,717 | $ 4,955 | $ 4,512 | ||||||||||||
Cash dividends declared - preferred | (1) | (1) | ||||||||||||||
Redemption premium | (1) | (2) | (3) | |||||||||||||
Net income available for PepsiCo common shareholders | 1,922 | 1,716 | 4,952 | 4,508 | ||||||||||||
Net income available for PepsiCo common stockholders shares | 1,588 | [1] | 1,558 | [1] | 1,593 | [1] | 1,593 | [1] | 1,557 | [1] | 1,557 | [1] | ||||
Basic net income attributable to PepsiCo per common share | $ 1.21 | $ 1.10 | 3.11 | $ 3.11 | 2.90 | $ 2.9 | ||||||||||
Stock options and RSUs | 23 | [1],[2] | 18 | [1],[2] | 24 | [1],[2] | 24 | [1],[2] | 15 | [1],[2] | 15 | [1],[2] | ||||
ESOP convertible preferred stock-value | 1 | 3 | 4 | |||||||||||||
ESOP convertible preferred stock-shares | 1 | [1] | 1 | [1] | 1 | [1] | 1 | [1] | 1 | [1] | 1 | [1] | ||||
Diluted | $ 1,922 | $ 1,717 | $ 4,955 | $ 4,512 | ||||||||||||
Diluted Shares | 1,612 | [1] | 1,577 | [1] | 1,618 | [1] | 1,618 | [1] | 1,573 | [1] | 1,573 | [1] | ||||
Diluted net income attributable to PepsiCo per common share | $ 1.19 | $ 1.09 | 3.06 | $ 3.06 | 2.87 | $ 2.87 | ||||||||||
|
X | ||||||||||
- Definition
Convertible employee stock ownership plan (ESOP) preferred stock, if dilutive, shall be assumed to have been converted at the beginning of the period (or at time of issuance, if later), and the resulting common shares shall be included in common shares used to calculate diluted earnings per share. No definition available.
|
X | ||||||||||
- Definition
Assumption that ESOPs were exercised for computing the dilutive effect of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Preferred stock cash dividend declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate awards of share options and nonvested shares to be issued to an employee under a share-based compensation arrangement are considered options for purposes of computing diluted earnings per share. Such share-based awards shall be considered to be outstanding as of the grant date for purposes of computing diluted earnings per share even though their exercise may be contingent upon vesting. Those share-based awards are included in the diluted Earnings Per Share (EPS) computation even if the employee may not receive (or be able to sell) the stock until some future date. Accordingly, all shares to be issued shall be included in computing diluted EPS if the effect is dilutive. The dilutive effect of share-based compensation arrangements shall be computed using the treasury stock method. If the equity share options or other equity instruments are outstanding for only part of a period, the shares issuable shall be weighted to reflect the portion of the period during which the equity instruments were outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net Income (Loss) Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period, which will be subtracted from net earnings to arrive at net earnings available to common shareholders in the calculation of earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Net Income Attributable to PepsiCo per Common Share (Parenthetical) (Details) (USD $)
Share data in Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 05, 2009
|
|
Net Income Attributable to PepsiCo per Common Share | ||||
Out-of-the money options excluded from earnings per share | 31.9 | 31.1 | 25.1 | 47.1 |
Out-of-the money options average exercise price | $ 66.85 | $ 64.02 | $ 67.13 | $ 60.43 |
X | ||||||||||
- Definition
Weighted-average exercise price of out-of-the-money options excluded from the computation of earnings per share. No definition available.
|
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Debt Obligations and Commitments (Narrative) (Details) (USD $)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 04, 2010
|
Mar. 20, 2010
|
Jan. 31, 2010
|
Sep. 04, 2010
LIBOR Plus 3 Basis Points [Member]
|
Sep. 04, 2010
Three Point One Percent Senior Unsecured Notes [Member]
|
Sep. 04, 2010
Four Point Five Percent Senior Unsecured Notes [Member]
|
Sep. 04, 2010
Five Point Five Percent Senior Unsecured Notes [Member]
|
Sep. 04, 2010
Five Point Five Percent Senior Unsecured Notes [Member]
Metro [Member]
|
Sep. 04, 2010
Seven Percent Senior Notes [Member]
Metro [Member]
|
Feb. 26, 2010
Seven Percent Senior Notes [Member]
Metro [Member]
|
Sep. 04, 2010
Seven Point Six Two Five Percent Notes [Member]
Metro [Member]
|
Feb. 26, 2010
Seven Point Six Two Five Percent Notes [Member]
Metro [Member]
|
Sep. 04, 2010
Seven Point Two Nine Percent Notes [Member]
Metro [Member]
|
Feb. 26, 2010
Seven Point Two Nine Percent Notes [Member]
Metro [Member]
|
Sep. 04, 2010
Seven Point Forty Four Percent Notes [Member]
Metro [Member]
|
Feb. 26, 2010
Seven Point Forty Four Percent Notes [Member]
Metro [Member]
|
Sep. 04, 2010
Four Point Five Percent [Member]
|
Feb. 26, 2010
Four Point Five Percent [Member]
Metro [Member]
|
Sep. 04, 2010
Five Point Six Two Five Percent Notes [Member]
Metro [Member]
|
Feb. 26, 2010
Five Point Six Two Five Percent Notes [Member]
Metro [Member]
|
Sep. 04, 2010
Five Point Seven Five Percent [Member]
Metro [Member]
|
Feb. 26, 2010
Five Point Seven Five Percent [Member]
Metro [Member]
|
Sep. 04, 2010
Four Point Three Seven Five Percent [Member]
Metro [Member]
|
Feb. 26, 2010
Four Point Three Seven Five Percent [Member]
Metro [Member]
|
Sep. 04, 2010
Four Point Eight Seven Five Percent [Member]
Metro [Member]
|
Feb. 26, 2010
Four Point Eight Seven Five Percent [Member]
Metro [Member]
|
Sep. 04, 2010
Five Percent Notes [Member]
Metro [Member]
|
Feb. 26, 2010
Five Percent Notes [Member]
Metro [Member]
|
Feb. 26, 2010
Five Point Five Percent [Member]
Metro [Member]
|
Sep. 04, 2010
Four Point Six Two Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Feb. 26, 2010
Four Point Six Two Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Sep. 04, 2010
Four Point One Two Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Feb. 26, 2010
Four Point One Two Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Sep. 04, 2010
Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Feb. 26, 2010
Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Sep. 04, 2010
Five Point Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Feb. 26, 2010
Five Point Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Sep. 04, 2010
Six Point Nine Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Feb. 26, 2010
Six Point Nine Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Sep. 04, 2010
Five Point One Two Five Percent Senior Notes [Member]
Bottling Group [Member]
|
Feb. 26, 2010
Five Point One Two Five Percent Senior Notes [Member]
Bottling Group [Member]
|
|
Fixed and floating rate notes issued | $ 4,250,000,000 | $ 4,250,000,000 | $ 1,250,000,000 | $ 1,000,000,000 | $ 1,000,000,000 | $ 1,000,000,000 | |||||||||||||||||||||||||||||||||||
Interest rate on debt | 3.10% | 4.50% | 5.50% | 7.00% | 7.625% | 7.29% | 7.44% | 4.50% | 5.625% | 5.75% | 4.375% | 4.875% | 5.00% | 5.50% | 4.625% | 4.125% | 5.00% | 5.50% | 6.95% | 5.125% | |||||||||||||||||||||
Outstanding principal amount | 7,484,000,000 | 250,000,000 | 1,000,000,000 | 9,000,000 | 100,000,000 | 25,000,000 | 150,000,000 | 250,000,000 | 300,000,000 | 350,000,000 | 300,000,000 | 250,000,000 | 1,000,000,000 | 250,000,000 | 400,000,000 | 800,000,000 | 1,300,000,000 | 750,000,000 | |||||||||||||||||||||||
Debt Acquired In Connection With PBG and PAS Acquisitions, Fair Value | $ 8,842,000,000 | ||||||||||||||||||||||||||||||||||||||||
Debt Acquired In Connection With PBG And PAS Acquisitions Weighted-Average Stated Interest Rate | 5.70% | ||||||||||||||||||||||||||||||||||||||||
Debt Acquired In Connection With PBG and PAS Acquisitions Weighted-Average Maturity In Years | 7 |
X | ||||||||||
- Definition
The fair value of debt acquired in connection with our acquisitions of PBG and PAS No definition available.
|
X | ||||||||||
- Definition
The weighted-average length of maturity (in years) for long-term debt acquired in connection with our acquisitions of PBG and PAS No definition available.
|
X | ||||||||||
- Definition
The weighted-average stated interest rate of long-term debt acquired in connection with our acquisitions of PBG and PAS No definition available.
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of outstanding principal due under the debt instrument at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt Obligations and Commitments (Narrative) (Revolving Credit Facility) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 04, 2010
|
Dec. 26, 2009
|
Feb. 26, 2010
Amended PBG Credit Facility [Member]
|
Jun. 12, 2010
Amended PAS Credit Facility [Member]
|
Sep. 04, 2010
Unsecured Revolving Credit Facility 2012 [Member]
|
Jun. 12, 2010
Unsecured Revolving Credit Facility 2012 [Member]
|
---|---|---|---|---|---|---|
Line of credit facility, maximum borrowing capacity | $ 2,575 | $ 1,080 | $ 540 | $ 3,080 | $ 1,975 | |
Short-term obligations | 5,756 | 464 | ||||
Commercial paper | $ 3,622 |
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt Obligations and Commitments (Long-term Contractual Commitments) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 04, 2010
|
|||||||
---|---|---|---|---|---|---|---|---|
Total long-term contractual commitments | $ 30,327 | [1] | ||||||
Current maturities of long-term debt obligations | 1,614 | |||||||
Payments Due By Period 2010 [Member]
|
||||||||
Total long-term contractual commitments | 768 | [1] | ||||||
Payments Due By Period 2011-2012 [Member]
|
||||||||
Total long-term contractual commitments | 6,368 | [1] | ||||||
Payments Due By Period 2013-2014 [Member]
|
||||||||
Total long-term contractual commitments | 6,898 | [1] | ||||||
Payments Due By Period 2015 And Beyond [Member]
|
||||||||
Total long-term contractual commitments | 16,293 | [1] | ||||||
Long-Term Debt Obligations [Member]
|
||||||||
Long-term debt obligations | 18,445 | [1],[2] | ||||||
Long-Term Debt Obligations [Member] | Payments Due By Period 2011-2012 [Member]
|
||||||||
Long-term debt obligations | 2,502 | [1],[2] | ||||||
Long-Term Debt Obligations [Member] | Payments Due By Period 2013-2014 [Member]
|
||||||||
Long-term debt obligations | 4,527 | [1],[2] | ||||||
Long-Term Debt Obligations [Member] | Payments Due By Period 2015 And Beyond [Member]
|
||||||||
Long-term debt obligations | 11,416 | [1],[2] | ||||||
Interest On Debt Obligations [Member]
|
||||||||
Interest on debt obligations | 6,996 | [1],[3] | ||||||
Interest On Debt Obligations [Member] | Payments Due By Period 2010 [Member]
|
||||||||
Interest on debt obligations | 256 | [1],[3] | ||||||
Interest On Debt Obligations [Member] | Payments Due By Period 2011-2012 [Member]
|
||||||||
Interest on debt obligations | 1,540 | [1],[3] | ||||||
Interest On Debt Obligations [Member] | Payments Due By Period 2013-2014 [Member]
|
||||||||
Interest on debt obligations | 1,209 | [1],[3] | ||||||
Interest On Debt Obligations [Member] | Payments Due By Period 2015 And Beyond [Member]
|
||||||||
Interest on debt obligations | 3,991 | [1],[3] | ||||||
Operating Leases [Member]
|
||||||||
Operating leases | 1,449 | [1] | ||||||
Operating Leases [Member] | Payments Due By Period 2010 [Member]
|
||||||||
Operating leases | 146 | [1] | ||||||
Operating Leases [Member] | Payments Due By Period 2011-2012 [Member]
|
||||||||
Operating leases | 541 | [1] | ||||||
Operating Leases [Member] | Payments Due By Period 2013-2014 [Member]
|
||||||||
Operating leases | 315 | [1] | ||||||
Operating Leases [Member] | Payments Due By Period 2015 And Beyond [Member]
|
||||||||
Operating leases | 447 | [1] | ||||||
Purchasing Commitments [Member]
|
||||||||
Purchasing commitments | 2,631 | [1] | ||||||
Purchasing Commitments [Member] | Payments Due By Period 2010 [Member]
|
||||||||
Purchasing commitments | 328 | [1] | ||||||
Purchasing Commitments [Member] | Payments Due By Period 2011-2012 [Member]
|
||||||||
Purchasing commitments | 1,373 | [1] | ||||||
Purchasing Commitments [Member] | Payments Due By Period 2013-2014 [Member]
|
||||||||
Purchasing commitments | 685 | [1] | ||||||
Purchasing Commitments [Member] | Payments Due By Period 2015 And Beyond [Member]
|
||||||||
Purchasing commitments | 245 | [1] | ||||||
Marketing Commitments [Member]
|
||||||||
Marketing commitments | 806 | [1] | ||||||
Marketing Commitments [Member] | Payments Due By Period 2010 [Member]
|
||||||||
Marketing commitments | 38 | [1] | ||||||
Marketing Commitments [Member] | Payments Due By Period 2011-2012 [Member]
|
||||||||
Marketing commitments | 412 | [1] | ||||||
Marketing Commitments [Member] | Payments Due By Period 2013-2014 [Member]
|
||||||||
Marketing commitments | 162 | [1] | ||||||
Marketing Commitments [Member] | Payments Due By Period 2015 And Beyond [Member]
|
||||||||
Marketing commitments | $ 194 | [1] | ||||||
|
X | ||||||||||
- Definition
Non-cancelable interest payment obligations on long-term debt extending beyond one year from the current reporting period. No definition available.
|
X | ||||||||||
- Definition
Non-cancelable payments on marketing commitments extending beyond one year from the current reporting period. No definition available.
|
X | ||||||||||
- Definition
Non-cancelable payments on outstanding long-term debt extending beyond one year from the current reporting period. No definition available.
|
X | ||||||||||
- Definition
Non-cancelable operating lease payments extending beyond one year from the current reporting period. No definition available.
|
X | ||||||||||
- Definition
Non-cancelable payments on purchasing commitments extending beyond one year from the current reporting period. No definition available.
|
X | ||||||||||
- Definition
The total amount of non-cancelable payments for long-term contractual commitments extending beyond one year from the current reporting period. No definition available.
|
X | ||||||||||
- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt Obligations and Commitments (Narrative) (Long-term Contractual Commitments) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |||
---|---|---|---|---|
Sep. 04, 2010
|
||||
Debt Obligations and Commitments [Abstract] | ||||
Total long-term contractual commitments | $ 30,327 | [1] | ||
Increase in total long-term contractual commitments | $ 16,606 | |||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The change from year-end to the current reporting period of the total amount of non-cancelable payments for long-term contractual commitments extending beyond one year from the current reporting period. No definition available.
|
X | ||||||||||
- Definition
The total amount of non-cancelable payments for long-term contractual commitments extending beyond one year from the current reporting period. No definition available.
|
Restructuring, Impairment and Integration Charges (Narrative) (Details) (USD $)
|
3 Months Ended | 9 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
PBG And PAS Acquisition [Member]
|
Mar. 20, 2010
PBG And PAS Acquisition [Member]
|
Dec. 26, 2009
PBG And PAS Acquisition [Member]
|
Sep. 04, 2010
PBG And PAS Acquisition [Member]
|
Sep. 04, 2010
PAB [Member]
|
Sep. 04, 2010
PAB [Member]
|
Sep. 04, 2010
Europe [Member]
|
Sep. 04, 2010
Europe [Member]
|
Sep. 05, 2009
Productivity For Growth Program [Member]
|
|
2010 merger and integration charges | $ 69,000,000 | $ 9,000,000 | $ 50,000,000 | $ 536,000,000 | $ 38,000,000 | $ 334,000,000 | $ 15,000,000 | $ 44,000,000 | |||||
Merger and integration charges, after-tax impact | 51,000,000 | 431,000,000 | |||||||||||
Merger and integration charges, after-tax impact per share | 0.03 | 0.27 | |||||||||||
Merger and integration charges recorded within corporate unallocated expenses | 16,000,000 | 128,000,000 | |||||||||||
2009 restructuring and impairment charges, after tax | 29,000,000 | ||||||||||||
2009 restructuring and impairment charges, after tax impact per share | 0.02 | ||||||||||||
Interest Expense | 169,000,000 | 86,000,000 | 495,000,000 | 285,000,000 | 30,000,000 | ||||||||
2009 restructuring and impairment charges | $ 36,000,000 | $ 36,000,000 |
X | ||||||||||
- Definition
Merger and integration costs related to our acquisitions of PBG and PAS No definition available.
|
X | ||||||||||
- Definition
Merger And Integration Charges Impact Net Of Taxes No definition available.
|
X | ||||||||||
- Definition
Merger And Integration Charges Impact Per Share Net Of Taxes No definition available.
|
X | ||||||||||
- Definition
Merger and integration charges recorded within corporate unallocated expenses No definition available.
|
X | ||||||||||
- Definition
2009 restructuring and impairment charges, net of taxes. No definition available.
|
X | ||||||||||
- Definition
2009 restructuring and impairment charges, net of taxes, per share No definition available.
|
X | ||||||||||
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Adjustment to remove noncash portion of restructuring costs and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Restructuring, Impairment and Integration Charges (Merger and integration activity) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
---|---|
Sep. 04, 2010
|
|
Cash payments for PBG/PAS merger and integration costs | $ (272) |
Non-cash charges | 545 |
Number of employees terminated | 1,140 |
Asset Impairment [Member]
|
|
2010 merger and integration charges | 120 |
Non-cash charges | (120) |
Severance and Other Employee Costs [Member]
|
|
2010 merger and integration charges | 219 |
Cash payments for PBG/PAS merger and integration costs | (66) |
Non-cash charges | (65) |
Merger and integration charges reserve | 88 |
Other Costs [Member]
|
|
2010 merger and integration charges | 206 |
Cash payments for PBG/PAS merger and integration costs | (206) |
Non-cash charges | 11 |
Merger and integration charges reserve | 11 |
Total [Member]
|
|
2010 merger and integration charges | 545 |
Cash payments for PBG/PAS merger and integration costs | (272) |
Non-cash charges | (174) |
Merger and integration charges reserve | $ 99 |
X | ||||||||||
- Definition
Merger and integration costs related to our acquisitions of PBG and PAS No definition available.
|
X | ||||||||||
- Definition
Liability remaining for merger and integration costs No definition available.
|
X | ||||||||||
- Definition
Number Of Employees Terminated No definition available.
|
X | ||||||||||
- Definition
The net change during the reporting period in the balance of the reserve for business combination costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid during the reporting period for charges associated with the mergers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Instruments (Narrative) (Details) (USD $)
|
9 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 04, 2010
Interest Rate Contract [Member]
|
Dec. 26, 2009
Interest Rate Contract [Member]
|
Sep. 05, 2009
Interest Rate Contract [Member]
|
Sep. 04, 2010
Foreign Exchange Contract [Member]
|
Sep. 05, 2009
Foreign Exchange Contract [Member]
|
Sep. 04, 2010
Commodity Contract [Member]
|
Sep. 05, 2009
Commodity Contract [Member]
|
|
Expected reclassification of net gain (loss) related to hedge from accumulated OCI into net income | $ (6,000,000) | $ (2,000,000) | $ (19,000,000) | |||||
Face value of open commodity derivative contracts qualifying for hedging | 577,000,000 | 169,000,000 | ||||||
Unrealized gain (loss) on derivatives and commodity contracts | (5,000,000) | (12,000,000) | 7,000,000 | (60,000,000) | ||||
Derivative asset not designated as hedging instrument, face value | 254,000,000 | 319,000,000 | ||||||
Foreign currency derivatives at face value, net | 1,400,000,000 | 1,300,000,000 | ||||||
Derivative instruments not designated as hedging instruments, gain | 1,000,000 | 3,000,000 | ||||||
Derivative instruments not designated as hedging instruments, loss | 3,000,000 | 123,000,000 | ||||||
Notional amount of interest rate derivatives | 9,200,000,000 | 5,250,000,000 | ||||||
Percentage of total debt, net of related interest rate derivatives, exposed to variable interest rates | 46.00% | 57.00% | ||||||
Debt instrument, fair value | $ 25,900,000,000 |
X | ||||||||||
- Definition
Expected Reclassification Of Net Gain Loss Related To Hedge From Accumulated OCL Into Net Income Within The Next 12 Months No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount of price risk derivatives not designated as hedging instruments, which relates to the monetary amount specified in the price risk derivative instruments. Excludes notional amounts on derivatives expressed in nonmonetary units. No definition available.
|
X | ||||||||||
- Definition
Percentage of total debt that is exposed to variable interest rates after the impact of related interest rate derivatives. No definition available.
|
X | ||||||||||
- Definition
Estimated fair value of the debt instrument at the balance-sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gain included in earnings for the period from the change in fair value of derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Loss included in earnings for the period from the change in fair value of derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate notional amount of foreign currency exchange rate derivatives. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount of interest rate derivatives, which relates to the currency amount specified in the interest rate derivative instruments. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount of price risk derivatives, which relates to the monetary amount specified in the price risk derivative instruments. Excludes notional amounts on derivatives expressed in nonmonetary units. No definition available.
|
X | ||||||||||
- Definition
The aggregate increase (decrease) in the market value of open derivatives, commodity, or energy contracts. These gains (losses) are included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Instruments (Fair Values of financial assets and liabilities) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 04, 2010
|
Sep. 05, 2009
|
||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Level 2 Fair Values Of Assets And Liabilities [Member]
|
||||||||||||||||||||||
Total asset derivatives at fair value | $ 582 | [1] | $ 278 | [1] | ||||||||||||||||||
Total Financial Assets at Fair Value | 582 | [1] | 278 | [1] | ||||||||||||||||||
Deferred compensation | 406 | [1],[2] | 345 | [1],[2] | ||||||||||||||||||
Total liability derivatives at fair value | 237 | [1] | 224 | [1] | ||||||||||||||||||
Total Financial Liabilities at Fair Value | 643 | [1] | 569 | [1] | ||||||||||||||||||
Level 2 Fair Values Of Assets And Liabilities [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||||
Interest rate derivatives | 97 | [1],[3] | ||||||||||||||||||||
Commodity contracts - other | 8 | [1],[4] | 109 | [1],[4] | ||||||||||||||||||
Forward exchange contracts | 5 | [1],[5] | 4 | [1],[5] | ||||||||||||||||||
Derivatives not designated as hedging instruments, Liabilities, Total | 110 | [1] | 113 | [1] | ||||||||||||||||||
Level 2 Fair Values Of Assets And Liabilities [Member] | Derivatives Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||||
Forward exchange contract | 24 | [1],[5] | 30 | [1],[5] | ||||||||||||||||||
Commodity contracts - other | 12 | [1],[4] | 14 | [1],[4] | ||||||||||||||||||
Interest rate derivatives | 91 | [1],[3] | 67 | [1],[3] | ||||||||||||||||||
Derivatives designated as hedging instruments, Liabilities, Total | 127 | [1] | 111 | [1] | ||||||||||||||||||
Level 2 Fair Values Of Assets And Liabilities [Member] | Derivatives Not Designated As Hedging Instruments Assets [Member]
|
||||||||||||||||||||||
Prepaid forward contracts | 48 | [1],[6] | 43 | [1],[6] | ||||||||||||||||||
Forward exchange contracts | 6 | [1],[5] | 7 | [1],[5] | ||||||||||||||||||
Interest rate derivatives | 56 | [1],[3] | ||||||||||||||||||||
Commodity contracts - other | 6 | [1],[4] | 5 | [1],[4] | ||||||||||||||||||
Derivatives not designated as hedging instruments, Assets, Total | 116 | [1] | 55 | [1] | ||||||||||||||||||
Level 2 Fair Values Of Assets And Liabilities [Member] | Derivatives Designated As Hedging Instruments Assets [Member]
|
||||||||||||||||||||||
Forward exchange contracts | 19 | [1],[5] | 18 | [1],[5] | ||||||||||||||||||
Interest rate derivatives | 402 | [1],[3] | 202 | [1],[3] | ||||||||||||||||||
Commodity contracts - other | 45 | [1],[4] | 3 | [1],[4] | ||||||||||||||||||
Derivatives designated as hedging instruments, Assets, Total | 466 | [1] | 223 | [1] | ||||||||||||||||||
Level 1 Fair Values Of Assets And Liabilities [Member]
|
||||||||||||||||||||||
Available-for-sale securities | 88 | [1],[7] | 60 | [1],[7] | ||||||||||||||||||
Short-term investments - index funds, at fair value | 147 | [1],[8] | 111 | [1],[8] | ||||||||||||||||||
Total asset derivatives at fair value | 1 | [1] | ||||||||||||||||||||
Total Financial Assets at Fair Value | 236 | [1] | 171 | [1] | ||||||||||||||||||
Deferred compensation | 147 | [1],[2] | 107 | [1],[2] | ||||||||||||||||||
Total liability derivatives at fair value | 28 | [1] | 68 | [1] | ||||||||||||||||||
Total Financial Liabilities at Fair Value | 175 | [1] | 175 | [1] | ||||||||||||||||||
Level 1 Fair Values Of Assets And Liabilities [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||||
Commodity contracts - futures | 1 | [1],[9] | 19 | [1],[9] | ||||||||||||||||||
Derivatives not designated as hedging instruments, Liabilities, Total | 1 | [1] | 19 | [1] | ||||||||||||||||||
Level 1 Fair Values Of Assets And Liabilities [Member] | Derivatives Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||||
Commodity contracts - futures | 27 | [1],[9] | 49 | [1],[9] | ||||||||||||||||||
Derivatives designated as hedging instruments, Liabilities, Total | 27 | [1] | 49 | [1] | ||||||||||||||||||
Level 1 Fair Values Of Assets And Liabilities [Member] | Derivatives Designated As Hedging Instruments Assets [Member]
|
||||||||||||||||||||||
Derivatives designated as hedging instruments, Assets, Total | 1 | [1] | ||||||||||||||||||||
Commodity contracts - futures | 1 | [1],[9] | ||||||||||||||||||||
Total Fair Value Of Financial Assets And Liabilities [Member]
|
||||||||||||||||||||||
Available-for-sale securities | 88 | [1],[7] | 60 | [1],[7] | ||||||||||||||||||
Short-term investments - index funds, at fair value | 147 | [1],[8] | 111 | [1],[8] | ||||||||||||||||||
Total asset derivatives at fair value | 583 | [1] | 278 | [1] | ||||||||||||||||||
Total Financial Assets at Fair Value | 818 | [1] | 449 | [1] | ||||||||||||||||||
Deferred compensation | 553 | [1],[2] | 452 | [1],[2] | ||||||||||||||||||
Total liability derivatives at fair value | 265 | [1] | 292 | [1] | ||||||||||||||||||
Total Financial Liabilities at Fair Value | 818 | [1] | 744 | [1] | ||||||||||||||||||
Total Fair Value Of Financial Assets And Liabilities [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||||
Interest rate derivatives | 97 | [1],[3] | ||||||||||||||||||||
Commodity contracts - other | 8 | [1],[4] | 109 | [1],[4] | ||||||||||||||||||
Forward exchange contracts | 5 | [1],[5] | 4 | [1],[5] | ||||||||||||||||||
Commodity contracts - futures | 1 | [1],[9] | 19 | [1],[9] | ||||||||||||||||||
Derivatives not designated as hedging instruments, Liabilities, Total | 111 | [1] | 132 | [1] | ||||||||||||||||||
Total Fair Value Of Financial Assets And Liabilities [Member] | Derivatives Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||||
Forward exchange contract | 24 | [1],[5] | 30 | [1],[5] | ||||||||||||||||||
Commodity contracts - other | 12 | [1],[4] | 14 | [1],[4] | ||||||||||||||||||
Interest rate derivatives | 91 | [1],[3] | 67 | [1],[3] | ||||||||||||||||||
Commodity contracts - futures | 27 | [1],[9] | 49 | [1],[9] | ||||||||||||||||||
Derivatives designated as hedging instruments, Liabilities, Total | 154 | [1] | 160 | [1] | ||||||||||||||||||
Total Fair Value Of Financial Assets And Liabilities [Member] | Derivatives Not Designated As Hedging Instruments Assets [Member]
|
||||||||||||||||||||||
Prepaid forward contracts | 48 | [1],[6] | 43 | [1],[6] | ||||||||||||||||||
Forward exchange contracts | 6 | [1],[5] | 7 | [1],[5] | ||||||||||||||||||
Interest rate derivatives | 56 | [1],[3] | ||||||||||||||||||||
Commodity contracts - other | 6 | [1],[4] | 5 | [1],[4] | ||||||||||||||||||
Derivatives not designated as hedging instruments, Assets, Total | 116 | [1] | 55 | [1] | ||||||||||||||||||
Total Fair Value Of Financial Assets And Liabilities [Member] | Derivatives Designated As Hedging Instruments Assets [Member]
|
||||||||||||||||||||||
Forward exchange contracts | 19 | [1],[5] | 18 | [1],[5] | ||||||||||||||||||
Interest rate derivatives | 402 | [1],[3] | 202 | [1],[3] | ||||||||||||||||||
Commodity contracts - other | 45 | [1],[4] | 3 | [1],[4] | ||||||||||||||||||
Derivatives designated as hedging instruments, Assets, Total | 467 | [1] | 223 | [1] | ||||||||||||||||||
Commodity contracts - futures | $ 1 | [1],[9] | ||||||||||||||||||||
|
X | ||||||||||
- Definition
Prepaid Forward Derivative Asset Fair Value No definition available.
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk futures derivative assets designated as cash flow hedging instruments. No definition available.
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk futures derivative liabilities designated as cash flow hedging instruments No definition available.
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of price risk futures derivative liabilities not designated as hedging instruments No definition available.
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all other price risk derivative liabilities designated as cash flow hedging instruments No definition available.
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of other price risk derivative liabilities not designated as hedging instruments No definition available.
|
X | ||||||||||
- Definition
Short-term investments - index funds, at fair value No definition available.
|
X | ||||||||||
- Definition
The fair value of the entity's total financial assets. No definition available.
|
X | ||||||||||
- Definition
The fair value of the entity's total financial liabilities. No definition available.
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. No definition available.
|
X | ||||||||||
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate fair value of all derivative assets designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate fair value of all derivative liabilities designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative liabilities not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of interest rate derivative assets, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all derivative liabilities not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of interest rate derivative liabilities, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of all derivative assets not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of all derivative liabilities not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Instruments (Effective portion of pre-tax (gains)/losses on derivative instruments) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 04, 2010
|
Sep. 05, 2009
|
Sep. 04, 2010
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Sep. 05, 2009
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Fair Value Hedging [Member]
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(Gains)/Losses recognized in Income Statement | $ (147) | $ (156) | $ (257) | $ (53) | ||||||||||
Cash Flow Hedging [Member]
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(Gains)/Losses recognized in Accumulated Other Comprehensive Loss | 47 | 102 | 133 | 147 | ||||||||||
(Gains)/Losses reclassified from Accumulated Other Comprehensive Loss into Income Statement | 22 | 15 | 60 | (4) | ||||||||||
Interest Rate Swap [Member] | Fair Value Hedging [Member]
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(Gains)/Losses recognized in Income Statement | (135) | [1] | (93) | [1] | (195) | [1] | 171 | [1] | ||||||
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
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(Gains)/Losses recognized in Accumulated Other Comprehensive Loss | 62 | [1] | 66 | [1] | 98 | [1] | 66 | [1] | ||||||
Commodity Contract [Member] | Fair Value Hedging [Member]
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(Gains)/Losses recognized in Income Statement | (15) | [2] | (29) | [2] | (58) | [2] | (191) | [2] | ||||||
Commodity Contract [Member] | Cash Flow Hedging [Member]
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(Gains)/Losses recognized in Accumulated Other Comprehensive Loss | (32) | [3] | 20 | [3] | 26 | [3] | 14 | [3] | ||||||
(Gains)/Losses reclassified from Accumulated Other Comprehensive Loss into Income Statement | 12 | [3] | 25 | [3] | 28 | [3] | 58 | [3] | ||||||
Prepaid Forward Contracts [Member] | Fair Value Hedging [Member]
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(Gains)/Losses recognized in Income Statement | (2) | [2] | (2) | [2] | (4) | [2] | (2) | [2] | ||||||
Forward Exchange Contracts [Member] | Fair Value Hedging [Member]
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(Gains)/Losses recognized in Income Statement | 5 | [2] | (32) | [2] | (31) | [2] | ||||||||
Forward Exchange Contracts [Member] | Cash Flow Hedging [Member]
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(Gains)/Losses recognized in Accumulated Other Comprehensive Loss | 17 | [3] | 16 | [3] | 9 | [3] | 67 | [3] | ||||||
(Gains)/Losses reclassified from Accumulated Other Comprehensive Loss into Income Statement | $ 10 | [3] | $ (10) | [3] | $ 32 | [3] | $ (62) | [3] | ||||||
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X | ||||||||||
- Definition
The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The income statement location of the effective portion of loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Recent Accounting Pronouncements (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
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Sep. 04, 2010
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Recent Accounting Pronouncements | |
One-time tax charge related to PPACA | $ 41 |
X | ||||||||||
- Definition
One-Time Tax Charge Related To PPACA No definition available.
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X | ||||||||||
- Details
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