Selling, general and administrative expenses

$ 66,504

$ 57,838

$ 43,232

Cost of sales

31,593

26,575

20,099

25,145

22,814

15,026

Amortization of intangible assets

133

117

Interest income and other

9,633

8,332

8,044

Bottling equity income

735

365

Interest expense

(856)

(903)

(397)

Income before income taxes

8,834

8,232

8,079

Provision for income taxes

2,372

1,894

2,100

Net income

6,462

6,338

5,979

Less: Net income attributable to noncontrolling interests

Net Income Attributable to PepsiCo

$ 6,443

$ 6,320

$ 5,946

Net Income Attributable to PepsiCo per Common Share

Basic

$ 4.08

$ 3.97

$ 3.81

Diluted

$ 4.03

$ 3.91

$ 3.77

Weighted-average common shares outstanding

Basic

1,576

^[1]

1,590

^[1]

1,558

^[1]

Diluted

1,597

^[1]

1,614

^[1]

1,577

^[1]

Cash dividends declared per common share

$ 2.025

$ 1.89

$ 1.775

[1]	Weighted-average common shares outstanding (in millions).

Consolidated Statement Of Cash Flows (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Operating Activities
Net income	$ 6,462	$ 6,338	$ 5,979
Depreciation and amortization	2,737	2,327	1,635
Stock-based compensation expense	326	299	227
Restructuring and impairment charges	383		36
Cash payments for restructuring charges	(31)	(31)	(196)
Merger and integration costs	329	808	50
Cash payments for merger and integration costs	(377)	(385)	(49)
Gain on previously held equity interests in PBG and PAS		(958)
Asset write-off		145
Non-cash foreign exchange loss related to Venezuela devaluation		120
Excess tax benefits from share-based payment arrangements	(70)	(107)	(42)
Pension and retiree medical plan contributions	(349)	(1,734)	(1,299)
Pension and retiree medical plan expenses	571	453	423
Bottling equity income, net of dividends		42	(235)
Deferred income taxes and other tax charges and credits	495	500	284
Change in accounts and notes receivable	(666)	(268)	188
Change in inventories	(331)	276	17
Change in prepaid expenses and other current assets	(27)	144	(127)
Change in accounts payable and other current liabilities	520	488	(133)
Change in income taxes payable	(340)	123	319
Other, net	(688)	(132)	(281)
Net Cash Provided by Operating Activities	8,944	8,448	6,796
Investing Activities
Capital spending	(3,339)	(3,253)	(2,128)
Sales of property, plant and equipment	84	81	58
Acquisitions of PBG and PAS, net of cash and cash equivalents acquired		(2,833)
Acquisition of manufacturing and distribution rights from DPSG		(900)
Investment in WBD	(164)	(463)
Other acquisitions and investments in noncontrolled affiliates	(601)	(83)	(500)
Divestitures	780	12	99
Cash restricted for pending acquisitions			15
Short-term investments, by original maturity
More than three months - purchases		(12)	(29)
More than three months - maturities	21	29	71
Other investing, net	(16)	(17)
Net Cash Used for Investing Activities	(5,618)	(7,668)	(2,401)
Financing Activities
Proceeds from issuances of long-term debt	3,000	6,451	1,057
Payments of long-term debt	(1,596)	(59)	(226)
Debt repurchase	(771)	(500)
Short-term borrowings, by original maturity
More than three months - proceeds	523	227	26
More than three months - payments	(559)	(96)	(81)
Three months or less, net	339	2,351	(963)
Cash dividends paid	(3,157)	(2,978)	(2,732)
Share repurchases - common	(2,489)	(4,978)
Share repurchases - preferred	(7)	(5)	(7)
Proceeds from exercises of stock options	945	1,038	413
Excess tax benefits from share-based payment arrangements	70	107	42
Acquisition of noncontrolling interests	(1,406)	(159)
Other financing	(27)	(13)	(26)
Net Cash (Used for)/Provided by Financing Activities	(5,135)	1,386	(2,497)
Effect of exchange rate changes on cash and cash equivalents	(67)	(166)	(19)
Net (Decrease)/Increase in Cash and Cash Equivalents	(1,876)	2,000	1,879
Cash and Cash Equivalents, Beginning of Year	5,943	3,943	2,064
Cash and Cash Equivalents, End of Year	4,067	5,943	3,943
Non-cash activity:
Issuance of common stock and equity awards in connection with our acquisitions of PBG and PAS, as reflected in investing and financing activities		4,451
WBD [Member]
Investing Activities
Acquisition of WBD, net of cash and cash equivalents acquired	(2,428)
Three Months Or Less Maturity [Member]
Short-term investments, by original maturity
Three months or less, net	$ 45	$ (229)	$ 13

Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified

Dec. 31, 2011

Dec. 25, 2010

ASSETS

Cash and cash equivalents

$ 4,067

$ 5,943

Short-term investments

358

426

Accounts and notes receivable, net

6,912

6,323

Inventories

3,827

^[1]

3,372

^[1]

Prepaid expenses and other current assets

2,277

1,505

Total Current Assets

17,441

17,569

Property, Plant and Equipment, net

19,698

19,058

Amortizable Intangible Assets, net

1,888

2,025

Goodwill

16,800

14,661

Other nonamortizable intangible assets

14,557

11,783

Nonamortizable Intangible Assets

31,357

26,444

Investments in Noncontrolled Affiliates

1,477

1,368

Other Assets

1,021

1,689

Accounts payable and other current liabilities

72,882

68,153

LIABILITIES AND EQUITY

Short-term obligations

6,205

4,898

11,757

10,923

Income taxes payable

192

Total Current Liabilities

18,154

15,892

Long-Term Debt Obligations

20,568

19,999

Other Liabilities

8,266

6,729

Deferred Income Taxes

4,995

4,057

Total Liabilities

51,983

46,677

Commitments and Contingencies

Preferred Stock, no par value

PepsiCo Common Shareholders' Equity

Common stock, par value 1 2/3 per share (authorized 3,600 shares, issued 1,865 shares)

Capital in excess of par value

4,461

4,527

Retained earnings

40,316

37,090

Accumulated other comprehensive loss

(6,229)

(3,630)

Total PepsiCo Common Shareholders' Equity

20,704

21,273

Noncontrolling interests

311

312

Total Equity

20,899

21,476

Total Liabilities and Equity

72,882

68,153

Preferred Stock [Member]

PepsiCo Common Shareholders' Equity

Repurchased stock

(157)

(150)

Common Stock [Member]

PepsiCo Common Shareholders' Equity

Repurchased stock

$ (17,875)

$ (16,745)

[1]

Inventories are valued at the lower of cost or market. Cost is determined using the average, first-in, first-out (FIFO) or last-in, first-out (LIFO) methods. Approximately 3% in 2011 and 8% in 2010 of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Consolidated Balance Sheet (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	Dec. 31, 2011	Dec. 25, 2010
Consolidated Balance Sheet [Abstract]
Preferred stock, par value	$ 0	$ 0
Common stock, par value	$ 0.0167	$ 0.0167
Common stock, authorized	3,600	3,600
Common stock, issued	1,865	1,865
Repurchased common stock, shares	301	284

Balance, beginning of year at Dec. 27, 2008

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.

+ References+ Details

Consolidated Statement Of Equity (USD $)
In Millions, except Share data, unless otherwise specified

Preferred Stock [Member]

Repurchased Preferred Stock [Member]

Common Stock [Member]

Capital In Excess Of Par Value [Member]

Retained Earnings [Member]

Accumulated Other Comprehensive Loss [Member]

Repurchased Common Stock [Member]

Total Common Shareholders' Equity [Member]

Noncontrolling Interests [Member]

Accumulated Other Comprehensive Income Attributable To Parent [Member]

Total

$ (138)

$ 30

$ 351

$ 30,638

$ (4,694)

$ (14,122)

$ 476

Balance, beginning of year (in shares) at Dec. 27, 2008

(500,000)

1,782,000,000

(229,000,000)

Redemptions (in shares)

(100,000)

(7)

Stock option exercises/RSUs converted

227

^[1]

(292)

Withholding tax on RSUs converted

(36)

Stock option exercises (in shares)

11,000,000

Stock option exercises

649

Cash dividends declared - common

5,946

5,979

(2,768)

Cash dividends declared - preferred

(2)

(1)

Cash dividends declared - RSUs

(9)

Net income attributable to noncontrolling interests

Acquisitions and divestitures

800

(12)

150

Cash flow hedges, net of tax:

Net derivative losses

(55)

Pension and retiree medical, net of tax:

Net pension and retiree medical (losses)/gains

110

Unrealized (losses)/gains on securities, net of tax

Other (in shares)

1,000,000

Balance, end of year at Dec. 26, 2009

(9)

(145)

250

33,805

(3,794)

(13,383)

16,908

638

(3,794)

17,442

Balance, end of year (in shares) at Dec. 26, 2009

800,000

(600,000)

1,782,000,000

(217,000,000)

Redemptions (in shares)

(5)

Stock option exercises/RSUs converted

299

^[1]

(500)

Withholding tax on RSUs converted

(68)

Equity issued in connection with our acquisitions of PBG and PAS, in shares

83,000,000

Equity issued in connection with our acquisitions of PBG and PAS

4,451

Share repurchases (in shares)

(76,000,000)

Share repurchases

(4,978)

Stock option exercises (in shares)

24,000,000

Stock option exercises

1,487

Cash dividends declared - common

6,320

6,338

(3,028)

Cash dividends declared - preferred

(1)

Cash dividends declared - RSUs

(12)

Net income attributable to noncontrolling interests

Distributions to noncontrolling interests, net

(6)

Acquisitions and divestitures

312

(13)

(326)

Cash flow hedges, net of tax:

Net derivative losses

(111)

Pension and retiree medical, net of tax:

Net pension and retiree medical (losses)/gains

(280)

(136)

Unrealized (losses)/gains on securities, net of tax

166

Other (in shares)

(15,000,000)

Balance, end of year at Dec. 25, 2010

129

(150)

4,527

37,090

(3,630)

(16,745)

21,273

312

(3,630)

21,476

Balance, end of year (in shares) at Dec. 25, 2010

800,000

(600,000)

1,865,000,000

(284,000,000)

(7)

Stock option exercises/RSUs converted

326

^[1]

(361)

Withholding tax on RSUs converted

(56)

Equity issued in connection with our acquisitions of PBG and PAS

Share repurchases (in shares)

(39,000,000)

Share repurchases

(2,489)

Stock option exercises (in shares)

20,000,000

19,980,000

^[2]

Stock option exercises

1,251

Cash dividends declared - common

6,443

6,462

(3,192)

Cash dividends declared - preferred

(1)

Cash dividends declared - RSUs

(24)

Net income attributable to noncontrolling interests

Distributions to noncontrolling interests, net

(24)

Acquisitions and divestitures

(1,529)

(57)

Cash flow hedges, net of tax:

Net derivative losses

(83)

Pension and retiree medical, net of tax:

Net pension and retiree medical (losses)/gains

(1,110)

(967)

Unrealized (losses)/gains on securities, net of tax

133

(8)

Other (in shares)

2,000,000

Balance, end of year at Dec. 31, 2011

(16)

108

(4)

$ 41

$ (157)

$ 31

$ 4,461

$ 40,316

$ (17,875)

$ 20,704

$ 311

$ (6,229)

$ 20,899

Balance, end of year (in shares) at Dec. 31, 2011

800,000

(600,000)

1,865,000,000

(301,000,000)

[1]	Includes total tax benefits of $43 million in 2011, $75 million in 2010 and $31 million in 2009.
[2]	Options are in thousands and include options previously granted under PBG, PAS and Quaker legacy plans. No additional options or shares may be granted under the PBG, PAS and Quaker plans.

Consolidated Statement Of Equity (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Consolidated Statement Of Equity [Abstract]
Stock option exercises/RSUs converted, tax benefit	$ 43	$ 75	$ 31

Basis Of Presentation And Our Divisions [Abstract]

Tax benefit associated with any equity-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).

+ References+ Details

Comprehensive Income (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Comprehensive Income [Abstract]
Net income	$ 6,462	$ 6,338	$ 5,979
Other comprehensive (loss)/income
Currency translation adjustment	(1,464)	299	788
Cash flow hedges, net of tax	(69)	(58)	(27)
Pension and retiree medical, net of tax:
Net prior service (cost)/credit	(10)	22	(3)
Net (losses)/gains	(967)	(136)	110
Unrealized (losses)/gains on securities, net of tax	(8)	23	20
Other	(16)	1
Comprehensive Income Subtotal	(2,534)	151	888
Comprehensive income	3,928	6,489	6,867
Comprehensive income attributable to noncontrolling interests	(84)	(5)	(21)
Comprehensive Income Attributable to PepsiCo	$ 3,844	$ 6,484	$ 6,846

Basis Of Presentation And Our Divisions

12 Months Ended

Dec. 31, 2011

Basis Of Presentation And Our Divisions

Note 1 — Basis of Presentation and Our Divisions

Basis of Presentation

Our financial statements include the consolidated accounts of PepsiCo, Inc. and the affiliates that we control. In addition, we include our share of the results of certain other affiliates using the equity method based on our economic ownership interest, our ability to exercise significant influence over the operating or financial decisions of these affiliates or our ability to direct their economic resources. We do not control these other affiliates, as our ownership in these other affiliates is generally less than 50%. Intercompany balances and transactions are eliminated. Our fiscal year ends on the last Saturday of each December, resulting in an additional week of results every five or six years. In 2011, we had an additional week of results (53^rd week).

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 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. Our share of income or loss from other noncontrolled affiliates is reflected 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 was 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 Notes 8 and 15 and for additional unaudited information on items affecting the comparability of our consolidated results, see "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.

In the first quarter of 2011, Quaker Foods North America (QFNA) changed its method of accounting for certain U.S. inventories from the last-in, first-out (LIFO) method to the average cost method. This change is considered preferable by management as we believe that the average cost method of accounting for all U.S. foods inventories will improve our financial reporting by better matching revenues and expenses and better reflecting the current value of inventory. In addition, the change from the LIFO method to the average cost method will enhance the comparability of QFNA's financial results with our other food businesses, as well as with peer companies where the average cost method is widely used. The impact of this change on consolidated net income in the first quarter of 2011 was approximately $9 million (or less than a penny per share). Prior periods were not restated as the impact of the change on previously issued financial statements was not considered material.

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 preparation of our consolidated financial statements in conformity with generally accepted accounting principles requires us to make estimates and assumptions that affect reported amounts of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities. Estimates are used in determining, among other items, sales incentives accruals, tax reserves, stock-based compensation, pension and retiree medical accruals, useful lives for intangible assets, and future cash flows associated with impairment testing for perpetual brands, goodwill and other long-lived assets. We evaluate our estimates on an ongoing basis using our historical experience, as well as other factors we believe appropriate under the circumstances, such as current economic conditions, and adjust or revise our estimates as circumstances change. As future events and their effect cannot be determined with precision, actual results could differ significantly from these estimates.

While our North America results are reported on a weekly calendar basis, most of our international operations report on a monthly calendar basis. The following chart details our quarterly reporting schedule in 2011, reflecting the extra week in the fourth quarter this year:


Quarter	U.S. and Canada	International
First Quarter	12weeks	January, February
Second Quarter	12weeks	March, April and May
Third Quarter	12weeks	June, July and August
Fourth Quarter	17weeks	September, October,
		November and December

See "Our Divisions" below and for additional unaudited information on items affecting the comparability of our consolidated results, see "Items Affecting Comparability" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

Tabular dollars are in millions, except per share amounts. All per share amounts reflect common per share amounts, assume dilution unless noted, and are based on unrounded amounts. Certain reclassifications were made to prior years' amounts to conform to the 2011 presentation.

Our Divisions

We manufacture or use contract manufacturers, market and sell a variety of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages, dairy products and other foods in over 200 countries and territories with our largest operations in North America (United States and Canada), Russia, Mexico and the United Kingdom. Division results are based on how our Chief Executive Officer assesses the performance of and allocates resources to our divisions. For additional unaudited information on our divisions, see "Our Operations" in Management's Discussion and Analysis of Financial Condition and Results of Operations. The accounting policies for the divisions are the same as those described in Note 2, except for the following allocation methodologies:

•

stock-based compensation expense;

•

pension and retiree medical expense; and

•

derivatives.

Stock-Based Compensation Expense

Our divisions are held accountable for stock-based compensation expense and, therefore, this expense is allocated to our divisions as an incremental employee compensation cost. The allocation of stock-based compensation expense in 2011 was approximately 15% to FLNA, 2% to QFNA, 4% to LAF, 31% to PAB, 12% to Europe, 9% to AMEA and 27% to corporate unallocated expenses. We had similar allocations of stock-based compensation expense to our divisions in 2010 and 2009. The expense allocated to our divisions excludes any impact of changes in our assumptions during the year which reflect market conditions over which division management has no control. Therefore, any variances between allocated expense and our actual expense are recognized in corporate unallocated expenses.

Pension and Retiree Medical Expense

Pension and retiree medical service costs measured at a fixed discount rate, as well as amortization of costs related to certain pension plan amendments and gains and losses due to demographics, including salary experience, are reflected in division results for North American employees. Division results also include interest costs, measured at a fixed discount rate, for retiree medical plans. Interest costs for the pension plans, pension asset returns and the impact of pension funding, and gains and losses other than those due to demographics, are all reflected in corporate unallocated expenses. In addition, corporate unallocated expenses include the difference between the service costs measured at a fixed discount rate (included in division results as noted above) and the total service costs determined using the plans' discount rates as disclosed in Note 7.

Derivatives

We centrally manage commodity derivatives on behalf of our divisions. These commodity derivatives include metals, energy and agricultural products. Certain of these commodity derivatives do not qualify for hedge accounting treatment and are marked to market with the resulting gains and losses recognized in corporate unallocated expenses. These gains and losses are subsequently reflected in division results when the divisions take delivery of the underlying commodity. Therefore, the divisions realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility, which remains in corporate unallocated expenses. These derivatives hedge underlying commodity price risk and were not entered into for speculative purposes.


	*Net Revenue*						*Operating Profit^(a)*
	2011		2010		2009		2011			2010			2009
FLNA	$	13,322	$	12,573	$	12,421	$	3,621		$	3,376		$	3,105
QFNA		2,656		2,656		2,687		797			741			781
LAF		7,156		6,315		5,703		1,078			1,004			904
PAB		22,418		20,401		10,116		3,273			2,776			2,172
Europe^(b)		13,560		9,602		7,028		1,210			1,054			948
AMEA		7,392		6,291		5,277		887			708			700

Total division		66,504		57,838		43,232		10,866			9,659			8,610
Corporate Unallocated
53^rd week								(18	)		—			—
Net impact of mark-to-market on commodity hedges								(102	)		91			274
Merger and integration costs								(78	)		(191	)		(49	)
Restructuring and impairment charges								(74	)		—			—
Venezuela currency devaluation								—			(129	)		—
Asset write-off								—			(145	)		—
Foundation contribution								—			(100	)		—
Other								(961	)		(853	)		(791	)

	$	66,504	$	57,838	$	43,232	$	9,633		$	8,332		$	8,044

(a)	For information on the impact of restructuring, impairment and integration charges on our divisions, see Note 3.

(b)	Change in net revenue in 2011 relates primarily to our acquisition of WBD.

Net Revenue

Division Operating

Profit

[CHART]

FLNA 20%

FLNA 33%

QFNA 4%

QFNA 8%

LAF 11%

LAF 10%

PAB 34%

PAB 30%

Europe 20%

Europe 11%

AMEA 11%

AMEA 8%

Corporate

Corporate includes costs of our corporate headquarters, centrally managed initiatives, such as our ongoing global business transformation initiative and research and development projects, unallocated insurance and benefit programs, foreign exchange transaction gains and losses, certain commodity derivative gains and losses and certain other items.

Other Division Information


	*Total Assets*						*Capital Spending*
	2011		2010		2009		2011		2010		2009
FLNA	$	6,120	$	6,027	$	6,093	$	439	$	515	$	478
QFNA		1,174		1,217		1,241		43		48		45
LAF		4,731		4,053		3,575		413		370		310
PAB		31,187		31,622		7,670		1,006		973		182
Europe^(a)		18,479		13,032		9,471		588		517		370
AMEA		6,048		5,569		4,787		693		610		572

Total division		67,739		61,520		32,837		3,182		3,033		1,957
Corporate^(b)		5,143		6,394		3,933		157		220		171
Investments in bottling affiliates		—		239		3,078		—		—		—

	$	72,882	$	68,153	$	39,848	$	3,339	$	3,253	$	2,128

(a)	Changes in total assets in 2011 relate primarily to our acquisition of WBD.

(b)	Corporate assets consist principally of cash and cash equivalents, short-term investments, derivative instruments and property, plant and equipment.


Total Assets		Capital Spending

[CHART]		[CHART]

FLNA 8%		FLNA 13%
QFNA 2%		QFNA 1%
LAF 7%		LAF 12%
PAB 43%		PAB 30%
Europe 25%		Europe 18%
AMEA 8%		AMEA 21%
Corporate 7%		Corporate 5%


	*Amortization of Intangible* *Assets*						*Depreciation and* *Other* *Amortization*
	2011		2010		2009		2011		2010		2009
FLNA	$	7	$	7	$	7	$	458	$	448	$	428
QFNA		—		—		—		54		52		48
LAF		10		6		5		238		213		189
PAB		65		56		18		865		749		345
Europe		39		35		22		522		355		236
AMEA		12		13		11		350		294		239

Total division		133		117		63		2,487		2,111		1,485
Corporate		—		—		—		117		99		87

	$	133	$	117	$	63	$	2,604	$	2,210	$	1,572



	*Net Revenue*						*Long-Lived Assets^(a)*
	2011		2010		2009		2011		2010		2009
U.S.	$	33,053	$	30,618	$	22,446	$	28,999	$	28,631	$	12,496
Russia^(b)		4,954		1,890		1,006		8,236		2,744		2,094
Mexico		4,782		4,531		3,210		1,027		1,671		1,044
Canada		3,364		3,081		1,996		3,097		3,133		688
United Kingdom		2,075		1,888		1,826		1,011		1,019		1,358
All other countries		18,276		15,830		12,748		12,050		11,697		8,632

	$	66,504	$	57,838	$	43,232	$	54,420	$	48,895	$	26,312

(a)	Long-lived assets represent property, plant and equipment, nonamortizable intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. These assets are reported in the country where they are primarily used.

(b)	Changes in 2011 relate primarily to our acquisition of WBD.

Net Revenue		Long-Lived Assets
[CHART]		[CHART]
United States 50%		United States 53%
Mexico 7%		Mexico 2%
Canada 5%		Canada 6%
Russia 7%		Russia 15%
United Kingdom 3%		United Kingdom 2%
Other 28%		Other 22%

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

Our Significant Accounting Policies [Abstract]

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+ Details

Our Significant Accounting Policies

12 Months Ended

Dec. 31, 2011

Our Significant Accounting Policies

Note 2 — Our Significant Accounting Policies

Revenue Recognition

We recognize revenue upon shipment or delivery to our customers based on written sales terms that do not allow for a right of return. However, our policy for DSD and certain chilled products is to remove and replace damaged and out-of-date products from store shelves to ensure that our consumers receive the product quality and freshness that they expect. Similarly, our policy for certain warehouse-distributed products is to replace damaged and out-of-date products. Based on our experience with this practice, we have reserved for anticipated damaged and out-of-date products. For additional unaudited information on our revenue recognition and related policies, including our policy on bad debts, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations. We are exposed to concentration of credit risk by our customers, including Wal-Mart. In 2011, Wal-Mart (including Sam's) represented approximately 11% of our total net revenue, including concentrate sales to our independent bottlers which are used in finished goods sold by them to Wal-Mart. We have not experienced credit issues with these customers.

Sales Incentives and Other Marketplace Spending

We offer sales incentives and discounts through various programs to our customers and consumers. Sales incentives and discounts are accounted for as a reduction of revenue and totaled $34.6 billion in 2011, $29.1 billion in 2010 and $12.9 billion in 2009. While most of these incentive arrangements have terms of no more than one year, certain arrangements, such as fountain pouring rights, may extend beyond one year. Costs incurred to obtain these arrangements are recognized over the shorter of the economic or contractual life, as a reduction of revenue, and the remaining balances of $288 million as of December 31, 2011 and $296 million as of December 25, 2010, are included in current assets and other assets on our balance sheet. For additional unaudited information on our sales incentives, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

Other marketplace spending, which includes the costs of advertising and other marketing activities, totaled $3.5 billion in 2011, $3.4 billion in 2010 and $2.8 billion in 2009 and is reported as selling, general and administrative expenses. Included in these amounts were advertising expenses of $1.9 billion in 2011 and 2010 and $1.7 billion in 2009. Deferred advertising costs are not expensed until the year first used and consist of:

•

media and personal service prepayments;

•

promotional materials in inventory; and

•

production costs of future media advertising.

Deferred advertising costs of $163 million and $158 million at year-end 2011 and 2010, respectively, are classified as prepaid expenses on our balance sheet.

Distribution Costs

Distribution costs, including the costs of shipping and handling activities, are reported as selling, general and administrative expenses. Shipping and handling expenses were $9.2 billion in 2011, $7.7 billion in 2010 and $5.6 billion in 2009.

Cash Equivalents

Cash equivalents are investments with original maturities of three months or less.

Software Costs

We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended. Capitalized software costs include only (i) external direct costs of materials and services utilized in developing or obtaining computer software, (ii) compensation and related benefits for employees who are directly associated with the software project and (iii) interest costs incurred while developing internal-use computer software. Capitalized software costs are included in property, plant and equipment on our balance sheet and amortized on a straight-line basis when placed into service over the estimated useful lives of the software, which approximate five to ten years. Software amortization totaled $156 million in 2011, $137 million in 2010 and $119 million in 2009. Net capitalized software and development costs were $1.3 billion as of December 31, 2011 and $1.1 billion as of December 25, 2010.

Commitments and Contingencies

We are subject to various claims and contingencies related to lawsuits, certain taxes and environmental matters, as well as commitments under contractual and other commercial obligations. We recognize liabilities for contingencies and commitments when a loss is probable and estimable. For additional information on our commitments, see Note 9.

Research and Development

We engage in a variety of research and development activities and continue to invest to accelerate growth in these activities and to drive innovation globally. These activities principally involve the development of new products, improvement in the quality of existing products, improvement and modernization of production processes, and the development and implementation of new technologies to enhance the quality and value of both current and proposed product lines. Consumer research is excluded from research and development costs and included in other marketing costs. Research and development costs were $525 million in 2011, $488 million in 2010 and $414 million in 2009 and are reported within selling, general and administrative expenses.

Other Significant Accounting Policies

Our other significant accounting policies are disclosed as follows:

•

Property, Plant and Equipment and Intangible Assets – Note 4, and for additional unaudited information on goodwill and other intangible assets, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

•

Income Taxes – Note 5, and for additional unaudited information, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

•

Stock-Based Compensation – Note 6.

•

Pension, Retiree Medical and Savings Plans – Note 7, and for additional unaudited information, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

•

Financial Instruments – Note 10, and for additional unaudited information, see "Our Business Risks" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

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 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 continue to evaluate the longer-term impacts of this legislation.

In June 2011, the FASB amended its accounting guidance on the presentation of comprehensive income in financial statements to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items that are recorded in other comprehensive income. The new accounting guidance requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. In December 2011, the FASB approved a deferral of the effective date of certain requirements related to the presentation and disclosure of reclassification adjustments from other comprehensive income to net income. The provisions of the retained guidance are effective as of the beginning of our 2012 fiscal year. We do not expect the adoption of this guidance to have a material impact on our financial statements.

In September 2011, the FASB issued new accounting guidance that permits an entity to first assess qualitative factors of whether it is more likely than not that a reporting unit's fair value is less than its carrying amount before applying the two-step goodwill impairment test. An entity would continue to perform the historical first step of the impairment test if it fails the qualitative assessment, while no further analysis would be required if it passes. The provisions of the new guidance are effective for our 2012 goodwill impairment test. We are currently evaluating the impact of the new guidance on our financial statements.

In September 2011, the FASB amended its guidance regarding the disclosure requirements for employers participating in multiemployer pension and other postretirement benefit plans (multiemployer plans) to improve transparency and increase awareness of the commitments and risks involved with participation in multiemployer plans. The new accounting guidance requires employers participating in multiemployer plans to provide additional quantitative and qualitative disclosures to provide users with more detailed information regarding an employer's involvement in multiemployer plans. The provisions of this new guidance were effective as of the beginning of our 2011 fiscal year. We have reviewed our level of participation in multiemployer plans and determined that the impact of adopting this new guidance did not have a material impact on our financial statements.

In December 2011, the FASB issued new disclosure requirements that are intended to enhance current disclosures on offsetting financial assets and liabilities. The new disclosures require an entity to disclose both gross and net information about financial instruments eligible for offset on the balance sheet and instruments and transactions subject to an agreement similar to a master netting arrangement. The provisions of the new disclosure requirements are effective as of the beginning of our 2014 fiscal year. We are currently evaluating the impact of the new guidance on our financial statements.

Restructuring, Impairment And Integration Charges [Abstract]

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Restructuring, Impairment And Integration Charges

12 Months Ended

Dec. 31, 2011

Restructuring, Impairment And Integration Charges

Note 3 — Restructuring, Impairment and Integration Charges

In 2011, we incurred restructuring charges of $383 million ($286 million after-tax or $0.18 per share) in conjunction with our multi-year Productivity Plan. All of these charges were recorded in selling, general and administrative expenses. The Productivity Plan includes actions in every aspect of our business, that we believe will strengthen our complementary food, snack and beverage businesses by leveraging new technologies and processes across PepsiCo's operations, go-to-market and information systems; heightening the focus on best practice sharing across the globe; consolidating manufacturing, warehouse and sales facilities; and implementing simplified organization structures, with wider spans of control and fewer layers of management. The Productivity Plan is expected to enhance PepsiCo's cost-competitiveness, provide a source of funding for future brand-building and innovation initiatives, and serve as a financial cushion for potential macroeconomic uncertainty beyond 2012.

A summary of our Productivity Plan charges in 2011 is as follows:


	Severance and Other Employee Costs		Other Costs		Total
FLNA	$	74	$	2	$	76
QFNA		18		—		18
LAF		46		2		48
PAB		75		6		81
Europe		65		12		77
AMEA		9		—		9
Corporate		40		34		74

	$	327	$	56	$	383

A summary of our Productivity Plan activity in 2011 is as follows:


	Severance and Other Employee Costs			Other Costs			Total
2011 restructuring charges	$	327		$	56		$	383
Cash payments		(1	)		(29	)		(30	)
Non-cash charges		(25	)		—			(25	)

Liability as of December 31, 2011	$	301		$	27		$	328

In 2011, we incurred merger and integration charges of $329 million ($271 million after-tax or $0.17 per share) related to our acquisitions of PBG, PAS and WBD, including $112 million recorded in the PAB segment, $123 million recorded in the Europe segment, $78 million recorded in corporate unallocated expenses and $16 million recorded in interest expense. All of these net charges, other than the interest expense portion, were recorded in selling, general and administrative expenses. These charges also include closing costs and advisory fees related to our acquisition of WBD. Substantially all cash payments related to the above charges were made by the end of 2011.

In 2010, we incurred merger and integration charges of $799 million related to our acquisitions of PBG and PAS, as well as advisory fees in connection with our acquisition of WBD. $467 million of these charges were recorded in the PAB segment, $111 million recorded in the Europe segment, $191 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. The merger and integration charges related to our acquisitions of PBG and PAS were 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, we recorded $9 million of merger–related 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 were made by the end of 2011. In total, these charges had an after-tax impact of $648 million or $0.40 per share.

A summary of our merger and integration activity is as follows:


	Severance and Other Employee Costs			Asset Impairment			Other Costs			Total
2010 merger and integration charges	$	396		$	132		$	280		$	808
Cash payments		(114	)		—			(271	)		(385	)
Non-cash charges		(103	)		(132	)		16			(219	)

Liability as of December 25, 2010		179			—			25			204
2011 merger and integration charges		146			34			149			329
Cash payments		(191	)		—			(186	)		(377	)
Non-cash charges		(88	)		(34	)		19			(103	)

Liability as of December 31, 2011	$	46		$	—		$	7		$	53

In 2009, we incurred $50 million of charges related to the merger of PBG and PAS, of which substantially all was paid in 2009. In 2009, we also incurred charges of $36 million ($29 million after-tax or $0.02 per share) in conjunction with our Productivity for Growth program that began in 2008. The program included actions in all divisions of the business, including the closure of six plants, to increase cost competitiveness across the supply chain, upgrade and streamline our product portfolio, and simplify the organization for more effective and timely decision-making. These charges were recorded in selling, general and administrative expenses. This program was completed in the second quarter of 2009 and substantially all cash payments related to these charges were made by the end of 2010.

A summary of our Productivity for Growth charges in 2009 is as follows:


	Severance and Other Employee Costs		Other Costs		Total
FLNA	$	—	$	1	$	1
QFNA		—		2		2
LAF		3		—		3
PAB		6		10		16
Europe		2		—		2
AMEA		6		6		12

	$	17	$	19	$	36

A summary of our Productivity for Growth activity is as follows:


	Severance and Other Employee Costs			Asset Impairment			Other Costs			Total
Liability as of December 27, 2008	$	134		$	—		$	64		$	198
2009 restructuring and impairment charges		17			12			7			36
Cash payments		(128	)		—			(68	)		(196	)
Currency translation		(14	)		(12	)		25			(1	)

Liability as of December 26, 2009		9			—			28			37
Cash payments		(6	)		—			(25	)		(31	)
Non-cash charges		(2	)		—			(1	)		(3	)
Currency translation		—			—			(1	)		(1	)

Liability as of December 25, 2010	$	1		$	—		$	1		$	2

Property, Plant And Equipment And Intangible Assets

12 Months Ended

Dec. 31, 2011

Property, Plant And Equipment And Intangible Assets [Abstract]

Property, Plant And Equipment And Intangible Assets

Note 4 — Property, Plant and Equipment and Intangible Assets


	Average Useful Life	2011			2010			2009
*Property, plant and equipment, net*
Land and improvements	10 – 34 yrs.	$	1,951		$	1,976
Buildings and improvements	15 – 44		7,565			7,054
Machinery and equipment, including fleet and software	5 – 15		23,798			22,091
Construction in progress			1,826			1,920

			35,140			33,041
Accumulated depreciation			(15,442	)		(13,983	)

		$	19,698		$	19,058

Depreciation expense		$	2,476		$	2,124		$	1,500

*Amortizable intangible assets, net*
Acquired franchise rights	56 – 60	$	916		$	949
Reacquired franchise rights	1 – 14		110			110
Brands	5 – 40		1,417			1,463
Other identifiable intangibles	10 – 24		777			747

			3,220			3,269
Accumulated amortization			(1,332	)		(1,244	)

		$	1,888		$	2,025

Amortization expense		$	133		$	117		$	63

Property, plant and equipment is recorded at historical cost. Depreciation and amortization are recognized on a straight-line basis over an asset's estimated useful life. Land is not depreciated and construction in progress is not depreciated until ready for service. Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 31, 2011 and using average 2011 foreign exchange rates, is expected to be $122 million in 2012, $113 million in 2013, $98 million in 2014, $89 million in 2015 and $81 million in 2016.

Depreciable and amortizable assets are only evaluated for impairment upon a significant change in the operating or macroeconomic environment. In these circumstances, if an evaluation of the undiscounted cash flows indicates impairment, the asset is written down to its estimated fair value, which is based on discounted future cash flows. Useful lives are periodically evaluated to determine whether events or circumstances have occurred which indicate the need for revision. For additional unaudited information on our policies for amortizable brands, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

Nonamortizable Intangible Assets

Perpetual brands and goodwill are assessed for impairment at least annually. If the carrying amount of a perpetual brand exceeds its fair value, as determined by its discounted cash flows, an impairment loss is recognized in an amount equal to that excess. We did not recognize any impairment charges for goodwill in the years presented. In connection with the merger and integration of WBD in 2011, we recorded a $14 million impairment charge for discontinued brands. We did not recognize any impairment charges for other nonamortizable intangible assets in 2010.

The change in the book value of nonamortizable intangible assets is as follows:


	Balance, Beginning 2010		Acquisitions		Translation and Other			Balance, End of 2010		Acquisitions/ (Divestitures)			Translation and Other			Balance, End of 2011
*FLNA*
Goodwill	$	306	$	—	$	7		$	313	$	—		$	(2	)	$	311
Brands		30		—		1			31		—			(1	)		30

		336		—		8			344		—			(3	)		341

*QFNA*
Goodwill		175		—		—			175		—			—			175

*LAF*
Goodwill		479		—		18			497		331			(35	)		793
Brands		136		—		7			143		20			(6	)		157

		615		—		25			640		351			(41	)		950

*PAB* ^(a)
Goodwill		2,431		7,476		39			9,946		(27	)		13			9,932
Reacquired franchise rights		—		7,229		54			7,283		77			(18	)		7,342
Acquired franchise rights		—		660		905	^(b)		1,565		(1	)		(2	)		1,562
Brands		112		66		4			182		(20	)		6			168
Other		—		10		—			10		(9	)		(1	)		—

		2,543		15,441		1,002			18,986		20			(2	)		19,004

**Europe^(a)(c)**
Goodwill		2,625		583		(168	)		3,040		2,131			(271	)		4,900
Reacquired franchise rights		—		810		(17	)		793		—			(61	)		732
Acquired franchise rights		—		232		(5	)		227		—			(9	)		218
Brands		1,378		88		(86	)		1,380		3,114			(316	)		4,178

		4,003		1,713		(276	)		5,440		5,245			(657	)		10,028

*AMEA*
Goodwill		518		116		56			690		—			(1	)		689
Brands		126		26		17			169		—			1			170

		644		142		73			859		—			—			859


Total goodwill		6,534		8,175		(48	)		14,661		2,435			(296	)		16,800
Total reacquired franchise rights		—		8,039		37			8,076		77			(79	)		8,074
Total acquired franchise rights		—		892		900			1,792		(1	)		(11	)		1,780
Total brands		1,782		180		(57	)		1,905		3,114			(316	)		4,703
Total other		—		10		—			10		(9	)		(1	)		—

	$	8,316	$	17,296	$	832		$	26,444	$	5,616		$	(703	)	$	31,357

(a)	Net increases in 2010 relate primarily to our acquisitions of PBG and PAS.

(b)	Includes $900 million related to our upfront payment to DPSG to manufacture and distribute Dr Pepper and certain other DPSG products.

(c)	Net increases in 2011 relate primarily to our acquisition of WBD.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Income Taxes

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Taxes

Note 5 — Income Taxes


		2011			2010			2009
*Income before income taxes*
U.S.		$	3,964		$	4,008		$	4,209
Foreign			4,870			4,224			3,870

		$	8,834		$	8,232		$	8,079

*Provision for income taxes*
Current:	U.S. Federal	$	611		$	932		$	1,238
	Foreign		882			728			473
	State		124			137			124

			1,617			1,797			1,835

Deferred:	U.S. Federal		789			78			223
	Foreign		(88	)		18			21
	State		54			1			21

			755			97			265

		$	2,372		$	1,894		$	2,100

*Tax rate reconciliation*
U.S. Federal statutory tax rate			35.0	%		35.0	%		35.0	%
State income tax, net of U.S. Federal tax benefit			1.3			1.1			1.2
Lower taxes on foreign results			(8.7	)		(9.4	)		(7.9	)
Acquisitions of PBG and PAS			—			(3.1	)		—
Other, net			(0.8	)		(0.6	)		(2.3	)

Annual tax rate			26.8	%		23.0	%		26.0	%

*Deferred tax liabilities*
Investments in noncontrolled affiliates		$	41		$	74
Debt guarantee of wholly owned subsidiary			828			828
Property, plant and equipment			2,466			1,984
Intangible assets other than nondeductible goodwill			4,297			3,726
Other			184			647

Gross deferred tax liabilities			7,816			7,259

*Deferred tax assets*
Net carryforwards			1,373			1,264
Stock-based compensation			429			455
Retiree medical benefits			504			579
Other employee-related benefits			695			527
Pension benefits			545			291
Deductible state tax and interest benefits			339			320
Long-term debt obligations acquired			223			291
Other			822			904

Gross deferred tax assets			4,930			4,631
Valuation allowances			(1,264	)		(875	)

Deferred tax assets, net			3,666			3,756

Net deferred tax liabilities		$	4,150		$	3,503

Deferred taxes included within:
Assets:
Prepaid expenses and other current assets		$	845		$	554
Liabilities:
Deferred income taxes		$	4,995		$	4,057
*Analysis of valuation allowances*
Balance, beginning of year		$	875		$	586		$	657
Provision/(Benefit)			464			75			(78	)
Other (deductions)/additions			(75	)		214			7

Balance, end of year		$	1,264		$	875		$	586

For additional unaudited information on our income tax policies, including our reserves for income taxes, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

Reserves

A number of years may elapse before a particular matter, for which we have established a reserve, is audited and finally resolved. The number of years with open tax audits varies depending on the tax jurisdiction. Our major taxing jurisdictions and the related open tax audits are as follows:

•

U.S. – during 2011, our tax court trial related to classification of financial instruments was completed for the 1998-2002 audit cycle. We are currently awaiting a decision by the judge. We continue to dispute with the IRS Appeals Division three matters related to the 2003-2005 audit cycle. During 2011, all but three issues, which are currently under review by the IRS Appeals Division, were resolved for tax years 2006-2007. We are currently under audit for tax years 2008-2009;

•

Mexico – audits have been completed for all taxable years through 2005. We are currently under audit for 2006;

•

United Kingdom – audits have been completed for all taxable years through 2007;

•

Canada – domestic audits have been substantially completed for all taxable years through 2007. International audits have been completed for all taxable years through 2005; and

•

Russia – audits have been substantially completed for all taxable years through 2008.

While it is often difficult to predict the final outcome or the timing of resolution of any particular tax matter, we believe that our reserves reflect the probable outcome of known tax contingencies. We adjust these reserves, as well as the related interest, in light of changing facts and circumstances. Settlement of any particular issue would usually require the use of cash. Favorable resolution would be recognized as a reduction to our annual tax rate in the year of resolution. For further unaudited information on the impact of the resolution of open tax issues, see "Other Consolidated Results."

As of December 31, 2011, the total gross amount of reserves for income taxes, reported in other liabilities, was $2,167 million. Any prospective adjustments to these reserves will be recorded as an increase or decrease to our provision for income taxes and would impact our effective tax rate. In addition, we accrue interest related to reserves for income taxes in our provision for income taxes and any associated penalties are recorded in selling, general and administrative expenses. The gross amount of interest accrued, reported in other liabilities, was $660 million as of December 31, 2011, of which $90 million was recognized in 2011. The gross amount of interest accrued was $570 million as of December 25, 2010, of which $135 million was recognized in 2010.

A rollforward of our reserves for all federal, state and foreign tax jurisdictions, is as follows:


	2011			2010
Balance, beginning of year	$	2,022		$	1,731
Additions for tax positions related to the current year		233			204
Additions for tax positions from prior years		147			517
Reductions for tax positions from prior years		(46	)		(391	)
Settlement payments		(156	)		(30	)
Statute of limitations expiration		(15	)		(7	)
Translation and other		(18	)		(2	)

Balance, end of year	$	2,167		$	2,022

Carryforwards and Allowances

Operating loss carryforwards totaling $10.0 billion at year-end 2011 are being carried forward in a number of foreign and state jurisdictions where we are permitted to use tax operating losses from prior periods to reduce future taxable income. These operating losses will expire as follows: $0.1 billion in 2012, $8.2 billion between 2013 and 2031 and $1.7 billion may be carried forward indefinitely. We establish valuation allowances for our deferred tax assets if, based on the available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Undistributed International Earnings

As of December 31, 2011, we had approximately $34.1 billion of undistributed international earnings. We intend to continue to reinvest earnings outside the U.S. for the foreseeable future and, therefore, have not recognized any U.S. tax expense on these earnings.

The entire disclosure for income taxes. Disclosures may 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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

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-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

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-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

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+ Details

Stock-Based Compensation

12 Months Ended

Dec. 31, 2011

Stock-Based Compensation

Note 6 — Stock-Based Compensation

Our stock-based compensation program is designed to attract and retain employees while also aligning employees' interests with the interests of our shareholders. Stock options and restricted stock units (RSU) are granted to employees under the shareholder-approved 2007 Long-Term Incentive Plan (LTIP), the only stock-based plan under which we currently grant stock options and RSUs. Stock-based compensation expense was $343 million in 2011, $352 million in 2010 and $227 million in 2009. In 2011, $326 million was recorded as stock-based compensation expense, $13 million was included in merger and integration charges and $4 million was included in restructuring charges. In 2010, $299 million was recorded as stock-based compensation expense and $53 million was included in merger and integration charges. $86 million of the $352 million recorded in 2010 was related to the unvested acquisition-related grants described below. Income tax benefits related to stock-based compensation expense and recognized in earnings were $101 million in 2011, $89 million in 2010 and $67 million in 2009. At year-end 2011, 136 million shares were available for future stock-based compensation grants.

In connection with our acquisition of PBG in 2010, 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 in 2010, 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 were unvested at the issuance date and are being amortized over their remaining vesting period, up to 3 years from the issuance date.

As a result of our annual benefits review in 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 SharePower stock option program. Consequently, beginning in 2011, no new awards were granted under the SharePower program. Outstanding SharePower awards from 2010 and earlier continue to vest and are exercisable according to the terms and conditions of the program. See Note 7 for additional information regarding other related changes.

Method of Accounting and Our Assumptions

We account for our employee stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock option expense at the date of grant. All stock option grants have an exercise price equal to the fair market value of our common stock on the date of grant and generally have a 10-year term. We do not backdate, reprice or grant stock-based compensation awards retroactively. Repricing of awards would require shareholder approval under the LTIP.

The fair value of stock option grants is amortized to expense over the vesting period, generally three years. Executives who are awarded long-term incentives based on their performance are generally offered the choice of stock options or RSUs. Executives who elect RSUs receive one RSU for every four stock options that would have otherwise been granted. Senior officers do not have a choice and, through 2011, are granted 50% stock options and 50% performance-based RSUs.

Beginning in 2012, senior officers will be granted 60% market stock units and 40% long-term cash awards, each of which will be subject to pre-established performance targets. Vesting of RSU awards for senior officers is contingent upon the achievement of pre-established performance targets approved by the Compensation Committee of the Board of Directors. RSU expense is based on the fair value of PepsiCo stock on the date of grant and is amortized over the vesting period, generally three years. Each RSU is settled in a share of our stock after the vesting period.

Our weighted-average Black-Scholes fair value assumptions are as follows:


	2011			2010			2009
Expected life		6 yrs.			5 yrs.			6 yrs.
Risk-free interest rate		2.5	%		2.3	%		2.8	%
Expected volatility		16	%		17	%		17	%
Expected dividend yield		2.9	%		2.8	%		3.0	%

The expected life is the period over which our employee groups are expected to hold their options. It is based on our historical experience with similar grants. The risk-free interest rate is based on the expected U.S. Treasury rate over the expected life. Volatility reflects movements in our stock price over the most recent historical period equivalent to the expected life. Dividend yield is estimated over the expected life based on our stated dividend policy and forecasts of net income, share repurchases and stock price.

A summary of our stock-based compensation activity for the year ended December 31, 2011 is presented below:

Our Stock Option Activity


	Options^(a)			Average Price^(b)		Average Life (years)^(c)		Aggregate Intrinsic Value^(d)
Outstanding at December 25, 2010		106,203		$	54.03
Granted		7,150		$	64.31
Exercised		(19,980	)	$	47.74
Forfeited/expired		(2,298	)	$	65.73

Outstanding at December 31, 2011		91,075		$	55.92		5.07	$	932,748

Exercisable at December 31, 2011		58,708		$	53.86		4.94	$	725,781

(a)	Options are in thousands and include options previously granted under PBG, PAS and Quaker legacy plans. No additional options or shares may be granted under the PBG, PAS and Quaker plans.

(b)	Weighted-average exercise price.

(c)	Weighted-average contractual life remaining.

(d)	In thousands.

Our RSU Activity


	RSUs^(a)			Average Intrinsic Value^(b)		Average Life (years)^(c)		Aggregate Intrinsic Value^(d)
Outstanding at December 25, 2010		10,662		$	63.27
Granted		5,333		$	63.87
Converted		(2,610	)	$	65.81
Forfeited/expired		(1,045	)	$	63.71

Outstanding at December 31, 2011		12,340		$	62.96		1.57	$	818,776

(a)	RSUs are in thousands and include RSUs previously granted under a PBG plan. No additional RSUs or shares may be granted under the PBG plan.

(b)	Weighted-average intrinsic value at grant date.

(c)	Weighted-average contractual life remaining.

(d)	In thousands.

Other Stock-Based Compensation Data


	2011		2010		2009
*Stock Options*
Weighted-average fair value of options granted	$	7.79	$	13.93	$	7.02
Total intrinsic value of options exercised^(a)	$	385,678	$	502,354	$	194,545

*RSUs*
Total number of RSUs granted^(a)		5,333		8,326		2,653
Weighted-average intrinsic value of RSUs granted	$	63.87	$	65.01	$	53.22
Total intrinsic value of RSUs converted^(a)	$	173,433	$	202,717	$	124,193

(a)	In thousands.

As of December 31, 2011, there was $436 million of total unrecognized compensation cost related to nonvested share-based compensation grants. This unrecognized compensation is expected to be recognized over a weighted-average period of two years.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Pension, Retiree Medical And Savings Plans [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64, 65, A240

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher AICPA

-Name Statement of Position (SOP)

-Number 93-6

-Paragraph 53

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-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 14

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-Name Accounting Standards Codification

-Topic 505

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

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-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 40

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

+ Details

Pension, Retiree Medical And Savings Plans

12 Months Ended

Dec. 31, 2011

Pension, Retiree Medical And Savings Plans

Note 7 — Pension, Retiree Medical and Savings Plans

Our pension plans cover certain full-time employees in the U.S. and certain international employees. Benefits are determined based on either years of service or a combination of years of service and earnings. Certain U.S. and Canada retirees are also eligible for medical and life insurance benefits (retiree medical) if they meet age and service requirements. Generally, our share of retiree medical costs is capped at specified dollar amounts, which vary based upon years of service, with retirees contributing the remainder of the costs.

Gains and losses resulting from actual experience differing from our assumptions, including the difference between the actual return on plan assets and the expected return on plan assets, and from changes in our assumptions are determined at each measurement date. If this net accumulated gain or loss exceeds 10% of the greater of the market-related value of plan assets or plan liabilities, a portion of the net gain or loss is included in expense for the following year based upon the average remaining service period of active plan participants, which is approximately 10 years for pension expense and approximately 8 years for retiree medical expense. The cost or benefit of plan changes that increase or decrease benefits for prior employee service (prior service cost/(credit)) is included in earnings on a straight-line basis over the average remaining service period of active plan participants.

In connection with our acquisitions of PBG and PAS, we assumed sponsorship of pension and retiree medical plans that provide benefits to certain U.S. and international employees. Subsequently, 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.

During 2010, the Compensation Committee of PepsiCo's Board of Directors approved certain changes to the U.S. pension and retiree medical plans, effective January 1, 2011. Pension plan design changes included implementing a new employer contribution to the 401(k) savings plan for all future salaried new hires of the Company, as salaried new hires are no longer eligible to participate in the defined benefit pension plan, as well as implementing a new defined benefit pension formula for certain hourly new hires of the Company. Pension plan design changes also included implementing a new employer contribution to the 401(k) savings plan for certain legacy PBG and PAS salaried employees (as such employees are also not eligible to participate in the defined benefit pension plan), as well as implementing a new defined benefit pension formula for certain legacy PBG and PAS hourly employees. The retiree medical plan design change included phasing out Company subsidies of retiree medical benefits.

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 expenses.

The provisions of both the PPACA and the Health Care and Education Reconciliation Act are reflected in our retiree medical expenses and liabilities and were not material to our financial statements.

Selected financial information for our pension and retiree medical plans is as follows:


	Pension												Retiree Medical
	U.S.						International						Retiree Medical
	2011			2010			2011			2010			2011			2010
*Change in projected benefit liability*
Liability at beginning of year	$	9,851		$	6,606		$	2,142		$	1,709		$	1,770		$	1,359
Acquisitions/(divestitures)		11			2,161			(63	)		90			—			396
Service cost		350			299			95			81			51			54
Interest cost		547			506			117			106			88			93
Plan amendments		21			28			(16	)		—			3			(132	)
Participant contributions		—			—			3			3			—			—
Experience loss/(gain)		1,484			583			224			213			(239	)		95
Benefit payments		(414	)		(375	)		(69	)		(69	)		(110	)		(100	)
Settlement/curtailment gain		(20	)		(2	)		(15	)		(3	)		—			—
Special termination benefits		71			45			1			3			1			3
Foreign currency adjustment		—			—			(41	)		(18	)		(1	)		2
Other		—			—			3			27			—			—

Liability at end of year	$	11,901		$	9,851		$	2,381		$	2,142		$	1,563		$	1,770

*Change in fair value of plan assets*
Fair value at beginning of year	$	8,870		$	5,420		$	1,896		$	1,561		$	190		$	13
Acquisitions/(divestitures)		11			1,633			(1	)		52			—			—
Actual return on plan assets		542			943			79			164			—			7
Employer contributions/funding		63			1,249			176			215			110			270
Participant contributions		—			—			3			3			—			—
Benefit payments		(414	)		(375	)		(69	)		(69	)		(110	)		(100	)
Settlement		—			—			(30	)		(2	)		—			—
Foreign currency adjustment		—			—			(23	)		(28	)		—			—

Fair value at end of year	$	9,072		$	8,870		$	2,031		$	1,896		$	190		$	190

Funded status	$	(2,829	)	$	(981	)	$	(350	)	$	(246	)	$	(1,373	)	$	(1,580	)

*Amounts recognized*
Other assets	$	—		$	47		$	55		$	66		$	—		$	—
Other current liabilities		(91	)		(54	)		(1	)		(10	)		(124	)		(145	)
Other liabilities		(2,738	)		(974	)		(404	)		(302	)		(1,249	)		(1,435	)

Net amount recognized	$	(2,829	)	$	(981	)	$	(350	)	$	(246	)	$	(1,373	)	$	(1,580	)

*Amounts included in accumulated other comprehensive loss (pre-tax)*
Net loss	$	4,217		$	2,726		$	977		$	767		$	32		$	270
Prior service cost/(credit)		122			117			(2	)		17			(118	)		(150	)

Total	$	4,339		$	2,843		$	975		$	784		$	(86	)	$	120

*Components of the increase/(decrease) in net loss*
Change in discount rate	$	1,710		$	556		$	302		$	213		$	115		$	101
Employee-related assumption changes		(140	)		4			(51	)		(4	)		(125	)		8
Liability-related experience different from assumptions		(85	)		43			(27	)		5			(210	)		(22	)
Actual asset return different from expected return		162			(300	)		57			(41	)		14			(6	)
Amortization of losses		(147	)		(119	)		(55	)		(24	)		(12	)		(9	)
Other, including foreign currency adjustments		(9	)		(21	)		(16	)		(7	)		(20	)		8

Total	$	1,491		$	163		$	210		$	142		$	(238	)	$	80

Liability at end of year for service to date	$	11,205		$	9,163		$	1,921		$	1,743

The components of benefit expense are as follows:


	Pension																		Retiree Medical
	U.S.									International									Retiree Medical
	2011			2010			2009			2011			2010			2009			2011			2010			2009
*Components of benefit expense*
Service cost	$	350		$	299		$	238		$	95		$	81		$	54		$	51		$	54		$	44
Interest cost		547			506			373			117			106			82			88			93			82
Expected return on plan assets		(704	)		(643	)		(462	)		(136	)		(123	)		(105	)		(14	)		(1	)		—
Amortization of prior service cost/(credit)		14			12			12			2			2			2			(28	)		(22	)		(17	)
Amortization of net loss		145			119			110			40			24			9			12			9			11

		352			293			271			118			90			42			109			133			120
Settlement/curtailment (gain)/loss		(8	)		(2	)		(13	)		30			1			3			—			(62	)		—
Special termination benefits		71			45			—			1			3			—			1			3			—

Total	$	415		$	336		$	258		$	149		$	94		$	45		$	110		$	74		$	120

The estimated amounts to be amortized from accumulated other comprehensive loss into benefit expense in 2012 for our pension and retiree medical plans are as follows:


	Pension				Retiree Medical
	U.S.		International
Net loss	$	259	$	52	$	—
Prior service cost/(credit)		17		1		(26	)

Total	$	276	$	53	$	(26	)

The following table provides the weighted-average assumptions used to determine projected benefit liability and benefit expense for our pension and retiree medical plans:


	Pension																		Retiree Medical
	U.S.									International									Retiree Medical
	2011			2010			2009			2011			2010			2009			2011			2010			2009
*Weighted-average assumptions*
Liability discount rate		4.6	%		5.7	%		6.1	%		4.8	%		5.5	%		5.9	%		4.4	%		5.2	%		6.1	%
Expense discount rate		5.7	%		6.0	%		6.2	%		5.5	%		6.0	%		6.3	%		5.2	%		5.8	%		6.2	%
Expected return on plan assets		7.8	%		7.8	%		7.8	%		6.7	%		7.1	%		7.1	%		7.8	%		7.8	%		—
Liability rate of salary increases		3.7	%		4.1	%		4.4	%		4.1	%		4.1	%		4.1	%
Expense rate of salary increases		4.1	%		4.4	%		4.4	%		4.1	%		4.1	%		4.2	%

The following table provides selected information about plans with liability for service to date and total benefit liability in excess of plan assets:


	Pension												Retiree Medical
	U.S.						International						Retiree Medical
	2011			2010			2011			2010			2011			2010
*Selected information for plans with liability for service to date in excess of plan assets*
Liability for service to date	$	(11,205	)	$	(525	)	$	(471	)	$	(610	)
Fair value of plan assets	$	9,072		$	—		$	344		$	474
*Selected information for plans with projected benefit liability in excess of plan assets*
Benefit liability	$	(11,901	)	$	(5,806	)	$	(2,191	)	$	(1,949	)	$	(1,563	)	$	(1,770	)
Fair value of plan assets	$	9,072		$	4,778		$	1,786		$	1,638		$	190		$	190

Of the total projected pension benefit liability at year-end 2011, $787 million relates to plans that we do not fund because the funding of such plans does not receive favorable tax treatment.

Future Benefit Payments and Funding

Our estimated future benefit payments are as follows:


	2012		2013		2014		2015		2016		2017-21
Pension	$	560	$	560	$	560	$	600	$	645	$	4,050
Retiree medical^(a)	$	135	$	135	$	140	$	145	$	145	$	730

(a)

Expected future benefit payments for our retiree medical plans do not reflect any estimated subsidies expected to be received under the 2003 Medicare Act. Subsidies are expected to be approximately $13 million for each of the years from 2012 through 2016 and approximately $100 million in total for 2017 through 2021.

These future benefits to beneficiaries include payments from both funded and unfunded pension plans.

In 2012, we expect to make pension and retiree medical contributions of approximately $1.3 billion, with up to approximately $1 billion expected to be discretionary. Our net cash payments for retiree medical are estimated to be approximately $124 million in 2012.

Plan Assets

Pension

Our pension plan investment strategy includes the use of actively managed securities and is reviewed periodically in conjunction with plan liabilities, an evaluation of market conditions, tolerance for risk and cash requirements for benefit payments. Our investment objective is to ensure that funds are available to meet the plans' benefit obligations when they become due. Our overall investment strategy is to prudently invest plan assets in a well-diversified portfolio of equity and high-quality debt securities to achieve our long-term return expectations. Our investment policy also permits the use of derivative instruments which are primarily used to reduce risk. Our expected long-term rate of return on U.S. plan assets is 7.8%. Our 2011 target investment allocation was 40% for U.S. equity, 20% for international equity and 40% for fixed income. For 2012, our target allocations are as follows: 40% for fixed income, 33% for U.S. equity, 22% for international equity and 5% for real estate. The change to the 2012 target asset allocations was made to increase diversification. Actual investment allocations may vary from our target investment allocations due to prevailing market conditions. We regularly review our actual investment allocations and periodically rebalance our investments to our target allocations.

The expected return on pension plan assets is based on our pension plan investment strategy, our expectations for long-term rates of return by asset class taking into account volatility and correlation among asset classes and our historical experience. We also review current levels of interest rates and inflation to assess the reasonableness of the long-term rates. We evaluate our expected return assumptions annually to ensure that they are reasonable. To calculate the expected return on pension plan assets, our market-related value of assets for fixed income is the actual fair value. For all other asset categories, we use a method that recognizes investment gains or losses (the difference between the expected and actual return based on the market-related value of assets) over a five-year period. This has the effect of reducing year-to-year volatility.

Retiree Medical

In 2011 and 2010, we made non-discretionary contributions of $110 million and $100 million, respectively, to fund the payment of retiree medical claims. In 2010, we made a discretionary contribution of $170 million to fund future U.S. retiree medical plan benefits. This contribution was invested consistent with the allocation of existing assets in the U.S. pension plan.

Fair Value

The guidance on fair value measurements defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment.

Plan assets measured at fair value as of fiscal year-end 2011 and 2010 are categorized consistently by level in both years, and are as follows:


	2011								2010
	Total		Level 1		Level 2		Level 3		Total
*U.S. plan assets**
Equity securities:
U.S. common stock^(a)	$	514	$	514	$	—	$	—	$	304
U.S. commingled funds^(b)		3,003		—		3,003		—		3,426
International common stock^(a)		1,089		1,089		—		—		834
International commingled fund^(c)		776		—		776		—		992
Preferred stock^(d)		19		—		19		—		4
Fixed income securities:
Government securities^(d)		1,032		—		1,032		—		950
Corporate bonds^{(d) (e)}		2,653		—		2,653		—		2,374
Mortgage-backed securities^(d)		24		—		24		—		20
Other:
Contracts with insurance companies^(f)		24		—		—		24		28
Cash and cash equivalents		78		78		—		—		81

Sub-total U.S. plan assets		9,212	$	1,681	$	7,507	$	24		9,013

Dividends and interest receivable		50								47

Total U.S. plan assets	$	9,262							$	9,060


*International plan assets*
Equity securities:
U.S. commingled funds^(b)	$	246	$	—	$	246	$	—	$	193
International commingled funds^(c)		729		—		729		—		779
Fixed income securities:
Government securities^(d)		171		—		171		—		184
Corporate bonds^(d)		196		—		196		—		152
Fixed income commingled funds^(g)		530		—		530		—		393
Other:
Contracts with insurance companies^(f)		30		—		—		30		28
Currency commingled funds^(h)		52		—		52		—		42
Other commingled fund⁽ⁱ⁾		56		—		56		—		—
Cash and cash equivalents		16		16		—		—		120

Sub-total international plan assets		2,026	$	16	$	1,980	$	30		1,891

Dividends and interest receivable		5								5

Total international plan assets	$	2,031							$	1,896

(a)	Based on quoted market prices in active markets.

(b)	Based on the fair value of the investments owned by these funds that track various U.S. large, mid-cap and small company indices. Includes one large-cap fund that represents 30% and 32%, respectively, of total U.S. plan assets for 2011 and 2010.

(c)	Based on the fair value of the investments owned by these funds that track various non-U.S. equity indices.

(d)	Based on quoted bid prices for comparable securities in the marketplace and broker/dealer quotes that are not observable.

(e)	Corporate bonds of U.S.-based companies represent 24% and 22%, respectively, of total U.S. plan assets for 2011 and 2010.

(f)	Based on the fair value of the contracts as determined by the insurance companies using inputs that are not observable.

(g)	Based on the fair value of the investments owned by these funds that track various government and corporate bond indices.

(h)	Based on the fair value of the investments owned by these funds. Includes managed hedge funds that invest primarily in derivatives to reduce currency exposure.

(i)	Based on the fair value of the investments owned by this fund that tracks various indices.

*	2011 and 2010 amounts include $190 million of retiree medical plan assets that are restricted for purposes of providing health benefits for U.S. retirees and their beneficiaries.

Retiree Medical Cost Trend Rates

An average increase of 7% in the cost of covered retiree medical benefits is assumed for 2012. This average increase is then projected to decline gradually to 5% in 2020 and thereafter. These assumed health care cost trend rates have an impact on the retiree medical plan expense and liability. However, the cap on our share of retiree medical costs limits the impact. In addition, as of January 1, 2011, the Company started phasing out Company subsidies of retiree medical benefits. A 1-percentage-point change in the assumed health care trend rate would have the following effects:


	1% Increase		1% Decrease
2011 service and interest cost components	$	4	$	(4	)
2011 benefit liability	$	39	$	(29	)

Savings Plan

Certain U.S. employees are eligible to participate in 401(k) savings plans, which are voluntary defined contribution plans. The plans are designed to help employees accumulate additional savings for retirement, and we make Company matching contributions on a portion of eligible pay based on years of service.

In 2010, in connection with our acquisitions of PBG and PAS, we also made Company retirement contributions for certain employees on a portion of eligible pay based on years of service.

As of January 1, 2011, a new employer contribution to the 401(k) savings plan became effective for certain eligible legacy PBG and PAS salaried employees as well as all eligible salaried new hires of PepsiCo who are not eligible to participate in the defined benefit pension plan as a result of plan design changes approved during 2010. In 2011 and 2010, our total Company contributions were $144 million and $135 million, respectively.

As of February 2012, certain U.S. employees earning a benefit under one of our defined benefit pension plans will no longer be eligible for the Company matching contributions on their 401(k) contributions.

For additional unaudited information on our pension and retiree medical plans and related accounting policies and assumptions, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

The entire disclosure for pension and other postretirement benefits.

Related Party Transactions

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+ Details

Related Party Transactions

12 Months Ended

Dec. 31, 2011

Note 8 — Related Party Transactions

On February 26, 2010, we completed our acquisitions of PBG and PAS, at which time we gained control over their operations and began to consolidate their results. See Notes 1 and 15. Prior to these acquisitions, PBG and PAS represented our most significant noncontrolled bottling affiliates. Sales to PBG in 2010 (prior to the acquisition date) represented less than 1% of our total net revenue in 2010 and 6% of our total net revenue in 2009.

PBG's and PAS's summarized income statements for 2009 are as follows:


	PBG		PAS
Net revenue	$	13,219	$	4,421
Gross profit	$	5,840	$	1,767
Operating income	$	1,048	$	381
Net income attributable to parent	$	612	$	181

Prior to the completion of our acquisitions of PBG and PAS on February 26, 2010, our significant related party transactions were primarily with PBG and PAS, as well as with other noncontrolled bottling affiliates. Related party transactions in 2011 are not material as we now consolidate PBG and PAS. All such transactions were settled on terms consistent with other trade receivables and payables. The transactions primarily consisted of (1) selling concentrate to these affiliates, which they use in the production of CSDs and non-carbonated beverages, (2) selling certain finished goods to these affiliates, (3) receiving royalties for the use of our trademarks for certain products and (4) paying these affiliates to act as our manufacturing and distribution agent for product associated with our national account fountain customers. Sales of concentrate and finished goods are reported net of bottler funding. For further unaudited information on these bottlers, see "Our Customers" in Management's Discussion and Analysis of Financial Condition and Results of Operations. These transactions with our bottling affiliates are reflected in our consolidated financial statements as follows:


	2010^(a)		2009
Net revenue	$	993	$	3,922
Cost of sales	$	116	$	634
Selling, general and administrative expenses	$	6	$	24
Accounts and notes receivable	$	27
Accounts payable and other liabilities	$	42

(a)	Includes transactions with PBG and PAS in 2010 prior to the date of acquisition. 2010 balance sheet information for PBG and PAS is not applicable as we consolidated their balance sheets at the date of acquisition.

We also coordinate, on an aggregate basis, the contract negotiations of sweeteners and other raw material requirements, including aluminum cans and plastic bottles and closures for certain of our independent bottlers. Once we have negotiated the contracts, the bottlers order and take delivery directly from the supplier and pay the suppliers directly. Consequently, these transactions are not reflected in our consolidated financial statements. As the contracting party, we could be liable to these suppliers in the event of any nonpayment by our bottlers, but we consider this exposure to be remote.

In addition, our joint ventures with Unilever (under the Lipton brand name) and Starbucks sell finished goods (ready-to-drink teas, coffees and water products) to our noncontrolled bottling affiliates. Consistent with accounting for equity method investments, our joint venture revenue is not included in our consolidated net revenue and therefore is not included in the above table.

In 2010, we repurchased $357 million (5.5 million shares) of PepsiCo stock from the Master Trust which holds assets of PepsiCo's U.S. qualified pension plans at market value.

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Debt Obligations And Commitments [Abstract]

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+ Details

Debt Obligations And Commitments

12 Months Ended

Dec. 31, 2011

Debt Obligations And Commitments

Note 9 — Debt Obligations and Commitments


	2011			2010
*Short-term debt obligations*
Current maturities of long-term debt	$	2,549		$	1,626
Commercial paper (0.1% and 0.2%)		2,973			2,632
Other borrowings (7.6% and 5.3%)		683			640

	$	6,205		$	4,898

*Long-term debt obligations*
Notes due 2011 (4.4%)	$	—		$	1,513
Notes due 2012 (3.0% and 3.1%)		2,353			2,437
Notes due 2013 (2.3% and 3.0%)		2,841			2,110
Notes due 2014 (4.6% and 5.3%)		3,335			2,888
Notes due 2015 (2.3% and 2.6%)		1,632			1,617
Notes due 2016 (3.9% and 5.5%)		1,876			875
Notes due 2017-2040 (4.8% and 4.9%)		10,806			9,953
Other, due 2012-2020 (9.9% and 9.8%)		274			232

		23,117			21,625
Less: current maturities of long-term debt obligations		(2,549	)		(1,626	)

Total	$	20,568		$	19,999

The interest rates in the above table reflect weighted-average rates at year-end.

In the second quarter of 2011, we issued:

•

$750 million of floating rate notes maturing in 2013, which bear interest at a rate equal to the three-month London Inter-Bank Offered Rate (LIBOR) plus 8 basis points; and

•

$1.0 billion of 2.500% senior notes maturing in 2016.

In the third quarter of 2011, we issued:

•

$500 million of 0.800% senior notes maturing in 2014; and

•

$750 million of 3.000% senior notes maturing in 2021.

The net proceeds from the issuances of all the above notes were used for general corporate purposes.

In the third quarter of 2011, we entered into a new four-year unsecured revolving credit agreement (Four-Year Credit Agreement) which expires in June 2015. Effective August 8, 2011, commitments under this agreement were increased to enable us to borrow up to $2.925 billion, subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $3.5 billion. Additionally, we may, once a year, request renewal of the agreement for an additional one-year period.

Also, in the third quarter of 2011, we entered into a new 364-day unsecured revolving credit agreement (364-Day Credit Agreement) which expires in June 2012. Effective August 8, 2011, commitments under this agreement were increased to enable us to borrow up to $2.925 billion, subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $3.5 billion. We may request renewal of this facility for an additional 364-day period or convert any amounts outstanding into a term loan for a period of up to one year, which would mature no later than June 2013.

The Four-Year Credit Agreement and the 364-Day Credit Agreement, together replaced our $2 billion unsecured revolving credit agreement, our $2.575 billion 364-day unsecured revolving credit agreement and our $1.080 billion amended PBG credit facility. Funds borrowed under the Four-Year Credit Agreement and the 364-Day Credit Agreement may be used for general corporate purposes, including but not limited to repayment of outstanding commercial paper issued by us and our subsidiaries, working capital, capital investments and/or acquisitions.

In the third quarter of 2011, we paid $784 million in a cash tender offer to repurchase $766 million (aggregate principal amount) of certain WBD debt obligations. As a result of this debt repurchase, we recorded a $16 million charge to interest expense (included in merger and integration charges) in the third quarter, primarily representing the premium paid in the tender offer.

In addition, as of December 31, 2011, $848 million of our debt related to borrowings from various lines of credit that are primarily maintained for our international divisions.These lines of credit are subject to normal banking terms and conditions and are fully committed at least to the extent of our borrowings.

Long-Term Contractual Commitments^(a)


	Payments Due by Period
	Total		2012		2013 – 2014		2015 – 2016		2017 and beyond
Long-term debt obligations^(b)	$	19,738	$	—	$	6,084	$	3,451	$	10,203
Interest on debt obligations^(c)		7,445		852		1,394		1,091		4,108
Operating leases		1,825		423		598		337		467
Purchasing commitments		2,434		1,113		957		302		62
Marketing commitments		2,519		240		589		535		1,155

	$	33,961	$	2,628	$	9,622	$	5,716	$	15,995

(a)	Reflects non-cancelable commitments as of December 31, 2011 based on year-end foreign exchange rates and excludes any reserves for uncertain tax positions as we are unable to reasonably predict the ultimate amount or timing of settlement.

(b)

Excludes $2,549 million related to current maturities of long-term debt, $470 million related to the fair value step-up of debt acquired in connection with our acquisitions of PBG and PAS and $360 million related to the increase in carrying value of long-term debt representing the gains on our fair value interest rate swaps.

(c)	Interest payments on floating-rate debt are estimated using interest rates effective as of December 31, 2011.

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 sugar and other sweeteners, packaging materials, oranges and orange juice. Non-cancelable marketing commitments are primarily for sports marketing. Bottler funding to independent bottlers is not reflected in our long-term contractual commitments as it is negotiated on an annual basis. Accrued liabilities for pension and retiree medical plans are not reflected in our long-term contractual commitments because they do not represent expected future cash outflows. See Note 7 for additional information regarding our pension and retiree medical obligations.

Off-Balance-Sheet Arrangements

It is not our business practice to enter into off-balance-sheet arrangements, other than in the normal course of business. See Note 8 regarding contracts related to certain of our bottlers.

See "Our Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations for further unaudited information on our borrowings.

Financial Instruments

12 Months Ended

Dec. 31, 2011

Financial Instruments [Abstract]

Financial Instruments

Note 10 — Financial Instruments

We are exposed to market risks arising from adverse changes in:

•

commodity prices, affecting the cost of our raw materials and energy,

•

foreign exchange risks, and

•

interest rates.

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. 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.

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 and derivatives. In addition, risk to our supplies of certain raw materials is mitigated through purchases from multiple geographies and suppliers. 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 metals, energy and agricultural products. 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 $59 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 $598 million as of December 31, 2011 and $590 million as of December 25, 2010. Ineffectiveness for our commodity hedges is not material.

Our open commodity derivative contracts that do not qualify for hedge accounting had a face value of $630 million as of December 31, 2011 and $266 million as of December 25, 2010.

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.

Our operations outside of the U.S. generate approximately 50% of our net revenue, with Russia, Mexico, Canada and the United Kingdom comprising approximately 23% of our net revenue. As a result, we are exposed to foreign currency risks. We also 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 $2.3 billion as of December 31, 2011 and $1.7 billion as of December 25, 2010. During the next 12 months, we expect to reclassify net gains of $20 million related to foreign currency contracts that qualify for hedge accounting from accumulated other comprehensive loss into net income. Additionally, ineffectiveness for our foreign currency hedges is not material. For foreign currency derivatives that do not qualify for hedge accounting treatment, 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 December 31, 2011 and December 25, 2010 were $8.33 billion and $9.23 billion, respectively. For those interest rate derivative instruments that qualify for cash flow hedge accounting, any ineffectiveness is recorded immediately. Ineffectiveness for our interest rate hedges is not material. 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 $16 million related to these hedges from accumulated other comprehensive loss into net income.

As of December 31, 2011, approximately 38% of total debt, after the impact of the related interest rate derivative instruments, was exposed to variable rates, compared to 43% as of December 25, 2010.

Fair Value Measurements

The fair values of our financial assets and liabilities as of December 31, 2011 and December 25, 2010 are categorized as follows:


	2011				2010
	Assets^(a)		Liabilities^(a)		Assets^(a)		Liabilities^(a)

Available-for-sale securities^(b)	$	59	$	—	$	636	$	—
Short-term investments – index funds^(c)	$	157	$	—	$	167	$	—
Prepaid forward contracts^(d)	$	40	$	—	$	48	$	—
Deferred compensation^(e)	$	—	$	519	$	—	$	559

Derivatives designated as fair value hedging instruments:
Interest rate derivatives^(f)	$	300	$	—	$	276	$	7

Derivatives designated as cash flow hedging instruments:
Forward exchange contracts^(g)	$	25	$	5	$	8	$	23
Interest rate derivatives^(f)		—		69		8		5
Commodity contracts – other^(h)		3		77		70		2
Commodity contracts – futures⁽ⁱ⁾		—		1		1		23

	$	28	$	152	$	87	$	53

Derivatives not designated as hedging instruments:
Forward exchange contracts^(g)	$	17	$	20	$	1	$	7
Interest rate derivatives^(f)		107		141		6		45
Commodity contracts – other^(h)		10		51		28		1
Commodity contracts – futures⁽ⁱ⁾		—		11		—		1

	$	134	$	223	$	35	$	54


Total derivatives at fair value	$	462	$	375	$	398	$	114


Total	$	718	$	894	$	1,249	$	673

(a)

Financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets, with the exception of available-for-sale securities and short-term investments, which are classified as short-term investments. Financial liabilities are classified on our balance sheet within accounts payable and other current liabilities and other liabilities. Unless specifically indicated, all financial assets and liabilities are categorized as Level 2 assets or liabilities.

(b)	Based on the price of common stock. Categorized as a Level 1 asset.

(c)	Based on price changes in index funds used to manage a portion of market risk arising from our deferred compensation liability. Categorized as a Level 1 asset.

(d)	Based primarily on the price of our common stock.

(e)	Based on the fair value of investments corresponding to employees' investment elections. As of December 31, 2011 and December 25, 2010, $44 million and $170 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.

(f)	Based on LIBOR and recently reported transactions in the marketplace.

(g)	Based on observable market transactions of spot and forward rates.

(h)	Based on recently reported transactions in the marketplace, primarily swap arrangements.

(i)	Based on average prices on futures exchanges. Categorized as a Level 1 asset or liability.

The effective portion of the pre-tax (gains)/losses on our derivative instruments are categorized in the table below.


	Fair Value/Non- designated Hedges						Cash Flow Hedges
	Losses/(Gains) Recognized in Income Statement^(a)						(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	2011			2010			2011			2010			2011			2010
Forward exchange contracts	$	14		$	6		$	(9	)	$	26		$	26		$	40
Interest rate derivatives		(113	)		(104	)		84			75			15			7
Commodity contracts		25			(30	)		51			(32	)		(36	)		28

Total	$	(74	)	$	(128	)	$	126		$	69		$	5		$	75

(a)

Interest rate derivative gains are primarily from fair value hedges and are included in interest expense. These gains are substantially offset by increases in the value of the underlying debt, which is also included in interest expense. All other gains/losses are from non-designated hedges and are included in corporate unallocated expenses.

(b)	Interest rate derivative losses are included in interest expense. All other gains/losses are primarily included in cost of sales.

The carrying amounts of our cash and cash equivalents and short-term investments approximate fair value due to the short-term maturity. Short-term investments consist principally of short-term time deposits and index funds used to manage a portion of market risk arising from our deferred compensation liability. The fair value of our debt obligations as of December 31, 2011 and December 25, 2010 was $29.8 billion and $25.9 billion, respectively, based upon prices of similar instruments in the marketplace.

Net Income Attributable To PepsiCo Per Common Share

12 Months Ended

Dec. 31, 2011

Net Income Attributable To PepsiCo Per Common Share [Abstract]

Net Income Attributable To PepsiCo Per Common Share

Note 11 — Net Income Attributable to PepsiCo per Common Share

Basic net income attributable to PepsiCo per common share is net income available for PepsiCo common shareholders divided by the weighted average of common shares outstanding during the period. Diluted net income attributable to PepsiCo per common share is calculated using the weighted average of common shares outstanding adjusted to include the effect that would occur if in-the-money employee stock options were exercised and RSUs and preferred shares were converted into common shares. Options to purchase 25.9 million shares in 2011, 24.4 million shares in 2010 and 39.0 million shares in 2009 were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. Out-of-the-money options had average exercise prices of $66.99 in 2011, $67.26 in 2010 and $61.52 in 2009.

The computations of basic and diluted net income attributable to PepsiCo per common share are as follows:


	2011					2010					2009
	Income			Shares^(a)		Income			Shares^(a)		Income			Shares^(a)
Net income attributable to PepsiCo	$	6,443				$	6,320				$	5,946
Preferred shares:
Dividends		(1	)				(1	)				(1	)
Redemption premium		(6	)				(5	)				(5	)

Net income available for PepsiCo common shareholders	$	6,436			1,576	$	6,314			1,590	$	5,940			1,558

Basic net income attributable to PepsiCo per common share	$	4.08				$	3.97				$	3.81

Net income available for PepsiCo common shareholders	$	6,436			1,576	$	6,314			1,590	$	5,940			1,558
Dilutive securities:
Stock options and RSUs		—			20		—			23		—			17
ESOP convertible preferred stock		7			1		6			1		6			2

Diluted	$	6,443			1,597	$	6,320			1,614	$	5,946			1,577

Diluted net income attributable to PepsiCo per common share	$	4.03				$	3.91				$	3.77

^(a)	Weighted-average common shares outstanding (in millions).

Accumulated Other Comprehensive Loss Attributable To Pepsico [Abstract]

The entire disclosure for earnings per share.

+ References+ Details

Preferred Stock

12 Months Ended

Dec. 31, 2011

Preferred Stock [Abstract]

Preferred Stock

Note 12 — Preferred Stock

As of December 31, 2011 and December 25, 2010, there were 3 million shares of convertible preferred stock authorized. The preferred stock was issued for an ESOP established by Quaker and these shares are redeemable for common stock by the ESOP participants. The preferred stock accrues dividends at an annual rate of $5.46 per share. At year-end 2011 and 2010, there were 803,953 preferred shares issued and 206,653 and 227,653 shares outstanding, respectively. The outstanding preferred shares had a fair value of $68 million as of December 31, 2011 and $74 million as of December 25, 2010. Each share is convertible at the option of the holder into 4.9625 shares of common stock. The preferred shares may be called by us upon written notice at $78 per share plus accrued and unpaid dividends. Quaker made the final award to its ESOP plan in June 2001.


	2011				2010				2009
	Shares^(a)		Amount		Shares^(a)		Amount		Shares^(a)		Amount
*Preferred stock*		0.8	$	41		0.8	$	41		0.8	$	41

*Repurchased preferred stock*
Balance, beginning of year		0.6	$	150		0.6	$	145		0.5	$	138
Redemptions		—		7		—		5		0.1		7

Balance, end of year		0.6	$	157		0.6	$	150		0.6	$	145

^(a)	In millions.

Accumulated Other Comprehensive Loss Attributable To Pepsico

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Loss Attributable To Pepsico

Note 13 — Accumulated Other Comprehensive Loss Attributable to PepsiCo

Comprehensive income is a measure of income which includes both net income and other comprehensive income or loss. Other comprehensive income or loss results from items deferred from recognition into our income statement. Accumulated other comprehensive income or loss is separately presented on our balance sheet as part of common shareholders' equity. Other comprehensive (loss)/income attributable to PepsiCo was $(2,599) million in 2011, $164 million in 2010 and $900 million in 2009. The accumulated balances for each component of other comprehensive loss attributable to PepsiCo were as follows:


	2011			2010			2009
Currency translation adjustment	$	(2,688	)	$	(1,159	)	$	(1,471	)
Cash flow hedges, net of tax^(a)		(169	)		(100	)		(42	)
Unamortized pension and retiree medical, net of tax^(b)		(3,419	)		(2,442	)		(2,328	)
Unrealized gain on securities, net of tax		62			70			47
Other		(15	)		1			—

Accumulated other comprehensive loss attributable to PepsiCo	$	(6,229	)	$	(3,630	)	$	(3,794	)

(a)	Includes $23 million after-tax gain in 2009 for our share of our equity investees' accumulated derivative activity.

(b)	Net of taxes of $1,831 million in 2011, $1,322 million in 2010 and $1,211 million in 2009.

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

Supplemental Financial Information [Abstract]

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+ Details

Supplemental Financial Information

12 Months Ended

Dec. 31, 2011

Supplemental Financial Information

Note 14 — Supplemental Financial Information


	2011			2010			2009
*Accounts receivable*
Trade receivables	$	6,036		$	5,514
Other receivables		1,033			953

		7,069			6,467

Allowance, beginning of year		144			90		$	70
Net amounts charged to expense		30			12			40
Deductions^(a)		(41	)		(37	)		(21	)
Other^(b)		24			79			1

Allowance, end of year		157			144		$	90

Net receivables	$	6,912		$	6,323


*Inventories*^(c)
Raw materials	$	1,883		$	1,654
Work-in-process		207			128
Finished goods		1,737			1,590

	$	3,827		$	3,372

(a)	Includes accounts written off.

(b)	Includes adjustments related to acquisitions, currency translation effects and other adjustments.

(c)


	2011		2010
*Other assets*
Noncurrent notes and accounts receivable	$	159	$	165
Deferred marketplace spending		186		203
Pension plans		65		121
Other investments		89		653
Other		522		547

	$	1,021	$	1,689


*Accounts payable and other current liabilities*
Accounts payable	$	4,083	$	3,865
Accrued marketplace spending		1,915		1,841
Accrued compensation and benefits		1,771		1,779
Dividends payable		813		766
Other current liabilities		3,175		2,672

	$	11,757	$	10,923


	2011		2010		2009
*Other supplemental information*
Rent expense	$	589	$	526	$	412
Interest paid	$	1,039	$	1,043	$	456
Income taxes paid, net of refunds	$	2,218	$	1,495	$	1,498

Acquisitions

12 Months Ended

Dec. 31, 2011

Acquisitions [Abstract]

Acquisitions

Note 15 — Acquisitions

PBG and PAS

On February 26, 2010, 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. The acquisitions were accounted for as business combinations, and, accordingly, the identifiable assets acquired and liabilities assumed were recorded at their estimated fair values at the date of acquisition. Our fair market valuations of the identifiable assets acquired and liabilities assumed have been completed and the final valuations did not materially differ from those fair values reported as of December 25, 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 year ended December 25, 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 year ended December 26, 2009.


	2010		2009

Net Revenue	$	59,582	$	57,471

Net Income Attributable to PepsiCo	$	5,856	$	6,752

Net Income Attributable to PepsiCo per Common Share – Diluted	$	3.60	$	4.09

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 date 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 consummation of the acquisitions;

•

consolidation of PBG and PAS which are now owned 100% by PepsiCo and the corresponding gain resulting from the remeasurement of our previously held equity interests in PBG and PAS;

•

the elimination of related party transactions between PepsiCo and PBG, and PepsiCo and PAS;

•

changes in assets and liabilities to record their acquisition date fair values and changes in certain expenses resulting therefrom; and

•

additional indebtedness, including, but not limited to, debt issuance costs and interest expense, incurred in connection with the acquisitions.

The unaudited pro forma results do not reflect future events that either have occurred or 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.

WBD

On February 3, 2011, we acquired the ordinary shares, including shares underlying ADSs and Global Depositary Shares (GDS), of WBD, a company incorporated in the Russian Federation, which represented in the aggregate approximately 66% of WBD's outstanding ordinary shares, pursuant to the purchase agreement dated December 1, 2010 between PepsiCo and certain selling shareholders of WBD for approximately $3.8 billion in cash. The acquisition of those shares increased our total ownership to approximately 77%, giving us a controlling interest in WBD. Under the guidance on accounting for business combinations, once a controlling interest is obtained, we are required to recognize and measure 100% of the identifiable assets acquired, liabilities assumed and noncontrolling interests at their full fair values.

The following table summarizes the fair value of identifiable assets acquired and liabilities assumed in the acquisition of WBD and the resulting goodwill as of the acquisition date:


Fair value of total consideration transferred
Payment in cash, for the approximately 66% of outstanding ordinary shares of WBD on February 3, 2011, including shares underlying ADSs and GDSs (or $2,428, net of cash and cash equivalents acquired)	$	3,827

Fair value of our previously held equity interest in WBD prior to the acquisition		644

Total	$	4,471


Acquisition date fair value of identifiable assets acquired and liabilities assumed
Inventories	$	314
Property, plant and equipment		813
Amortizable intangible assets, primarily customer relationships		46
Nonamortizable intangible assets, primarily brands and tradename		3,114
Other current assets and liabilities^(a)		1,244
Debt obligations		(1,114	)
Other noncurrent assets and liabilities		(31	)
Deferred income taxes		(665	)

Total identifiable net assets		3,721
Fair value of noncontrolling interest in WBD		(1,349	)
Goodwill		2,099

Total	$	4,471

(a)	Includes cash and cash equivalents, accounts receivable, prepaid expenses and other current assets, accounts payable and other current liabilities.

Goodwill is calculated as the excess of the aggregate of the fair value of the consideration transferred, any noncontrolling interest and any previously held equity interest in the acquiree over the fair value of the net assets recognized. The goodwill recorded as part of the acquisition of WBD primarily reflects the value of adding economies of scale from our existing manufacturing and procurement operations in Russia and synergies expected to arise from our combined brand portfolios in the nutrition and other categories, as well as any intangible assets that do not qualify for separate recognition. Goodwill is not amortizable or deductible for tax purposes. All of the goodwill is recorded in our Europe segment.

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 Note 3 for details on the expenses incurred during 2011 and 2010.

On March 10, 2011, we commenced our tender offers in Russia and the U.S. for all remaining outstanding ordinary shares and ADSs of WBD for 3,883.70 Russian rubles per ordinary share and 970.925 Russian rubles per ADS, respectively. The Russian offer was made to all holders of ordinary shares and the U.S. offer was made to all holders of ADSs. We completed the Russian offer on May 19, 2011 and the U.S. offer on May 16, 2011. After completion of the offers, we paid approximately $1.3 billion for WBD's ordinary shares (including shares underlying ADSs) and increased our total ownership of WBD to approximately 98.6%.

On June 30, 2011, we elected to exercise our squeeze-out rights under Russian law with respect to all remaining WBD ordinary shares not already owned by us. Therefore, under Russian law, all remaining WBD shareholders were required to sell their ordinary shares (including those underlying ADSs) to us at the same price that was offered to WBD shareholders in the Russian tender offer. Accordingly, all registered holders of ordinary shares on August 15, 2011 (including the ADS depositary) received 3,883.70 Russian rubles per ordinary share. After completion of the squeeze-out in September 2011 (during our fourth quarter), we paid approximately $79 million for WBD's ordinary shares (including shares underlying ADSs) and increased our total ownership to 100% of WBD.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Our Significant Accounting Policies [Abstract]

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-Name Emerging Issues Task Force (EITF)

-Number 88-16

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51, 52

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-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Appendix F

-Paragraph F4

-Subparagraph e

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-Paragraph 67-73

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+ Details

Our Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2011

Revenue Recognition

Revenue Recognition

Sales Incentives And Other Marketplace Spending

Sales Incentives and Other Marketplace Spending

•

media and personal service prepayments;

•

promotional materials in inventory; and

•

production costs of future media advertising.

Deferred advertising costs of $163 million and $158 million at year-end 2011 and 2010, respectively, are classified as prepaid expenses on our balance sheet.

Distribution Costs

Distribution Costs

Cash Equivalents

Cash Equivalents

Cash equivalents are investments with original maturities of three months or less.

Software Costs

Software Costs

Commitments And Contingencies

Commitments and Contingencies

Research And Development

Research and Development

Other Significant Accounting Policies

Other Significant Accounting Policies

Our other significant accounting policies are disclosed as follows:

•

Income Taxes – Note 5, and for additional unaudited information, see "Our Critical Accounting Policies" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

•

Stock-Based Compensation – Note 6.

•

Financial Instruments – Note 10, and for additional unaudited information, see "Our Business Risks" in Management's Discussion and Analysis of Financial Condition and Results of Operations.

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

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-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 1

-Article 5

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-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 7, 8, 9, 10

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-Name Technical Practice Aid (TPA)

-Number 2110

-Paragraph 6

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-Name Financial Reporting Release (FRR)

-Number 203

-Paragraph 02-03

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-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

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-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

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-SubTopic 10

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+ Details

Disclosure of accounting policy for commitments and contingencies, which may include policies for recognizing and measuring loss and gain contingencies.

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-Name FASB Technical Bulletin (FTB)

-Number 90-1

-Paragraph 4

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-Name FASB Interpretation (FIN)

-Number 45

-Paragraph 8

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-Number 5

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-Name Accounting Principles Board Opinion (APB)

-Number 22

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-Name Audit and Accounting Guide (AAG)

-Number AAG-HCO

-Chapter 8

-Paragraph 12, 13

-IssueDate 2006-05-01

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-Topic 235

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-Paragraph 3

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-Topic 954

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-Paragraph 1

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-Paragraph 8

-Subparagraph (b)

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+ Details

Disclosure of accounting policy for its research and development and computer software activities including the accounting treatment for costs incurred for (1) research and development activities, (2) development of computer software for internal use, (3) computer software to be sold, leased or otherwise marketed as a separate product or as part of a product or process and (4) in-process research and development acquired in a purchase business combination.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Topic 985

-SubTopic 20

-URI http://asc.fasb.org/subtopic&trid=2197796

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-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 4

-Paragraph 4, 5

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 98-1

-Paragraph 12, 17-38, 41

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 00-2

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-Number 2

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-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.15)

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-Publisher FASB

-Name Accounting Standards Codification

-Glossary Research and Development

-URI http://asc.fasb.org/extlink&oid=6523717

+ Details

Disclosure of 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 is generally 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.

+ References+ Details

Disclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs.

Basis Of Presentation And Our Divisions [Abstract]

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-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 22

-Paragraph 8

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-SubTopic 45

-Section 45

-Paragraph 20

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-Name Accounting Standards Codification

-Glossary Handling Costs

-URI http://asc.fasb.org/extlink&oid=6514758

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 45

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-Paragraph 1

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-SubTopic 45

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-Name Accounting Standards Codification

-Glossary Shipping Costs

-URI http://asc.fasb.org/extlink&oid=6525344

+ Details

Basis Of Presentation And Our Divisions (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Quarterly Reporting


Quarter	U.S. and Canada	International
First Quarter	12weeks	January, February
Second Quarter	12weeks	March, April and May
Third Quarter	12weeks	June, July and August
Fourth Quarter	17weeks	September, October,
		November and December

Schedule Of Segment Reporting Information, By Segment


	*Net Revenue*						*Operating Profit^(a)*
	2011		2010		2009		2011			2010			2009
FLNA	$	13,322	$	12,573	$	12,421	$	3,621		$	3,376		$	3,105
QFNA		2,656		2,656		2,687		797			741			781
LAF		7,156		6,315		5,703		1,078			1,004			904
PAB		22,418		20,401		10,116		3,273			2,776			2,172
Europe^(b)		13,560		9,602		7,028		1,210			1,054			948
AMEA		7,392		6,291		5,277		887			708			700

Total division		66,504		57,838		43,232		10,866			9,659			8,610
Corporate Unallocated
53^rd week								(18	)		—			—
Net impact of mark-to-market on commodity hedges								(102	)		91			274
Merger and integration costs								(78	)		(191	)		(49	)
Restructuring and impairment charges								(74	)		—			—
Venezuela currency devaluation								—			(129	)		—
Asset write-off								—			(145	)		—
Foundation contribution								—			(100	)		—
Other								(961	)		(853	)		(791	)

	$	66,504	$	57,838	$	43,232	$	9,633		$	8,332		$	8,044

(a)	For information on the impact of restructuring, impairment and integration charges on our divisions, see Note 3.

(b)	Change in net revenue in 2011 relates primarily to our acquisition of WBD.

Segment Reporting Information By Total Assets And Capital Spending


	*Total Assets*						*Capital Spending*
	2011		2010		2009		2011		2010		2009
FLNA	$	6,120	$	6,027	$	6,093	$	439	$	515	$	478
QFNA		1,174		1,217		1,241		43		48		45
LAF		4,731		4,053		3,575		413		370		310
PAB		31,187		31,622		7,670		1,006		973		182
Europe^(a)		18,479		13,032		9,471		588		517		370
AMEA		6,048		5,569		4,787		693		610		572

Total division		67,739		61,520		32,837		3,182		3,033		1,957
Corporate^(b)		5,143		6,394		3,933		157		220		171
Investments in bottling affiliates		—		239		3,078		—		—		—

	$	72,882	$	68,153	$	39,848	$	3,339	$	3,253	$	2,128

(a)	Changes in total assets in 2011 relate primarily to our acquisition of WBD.

(b)	Corporate assets consist principally of cash and cash equivalents, short-term investments, derivative instruments and property, plant and equipment.

Segment Reporting Information By Amortization Of Intangible Assets And Depreciation And Other Amortization


	*Amortization of Intangible* *Assets*						*Depreciation and* *Other* *Amortization*
	2011		2010		2009		2011		2010		2009
FLNA	$	7	$	7	$	7	$	458	$	448	$	428
QFNA		—		—		—		54		52		48
LAF		10		6		5		238		213		189
PAB		65		56		18		865		749		345
Europe		39		35		22		522		355		236
AMEA		12		13		11		350		294		239

Total division		133		117		63		2,487		2,111		1,485
Corporate		—		—		—		117		99		87

	$	133	$	117	$	63	$	2,604	$	2,210	$	1,572

Segment Reporting Information By Net Revenue And Long-Lived Assets


	*Net Revenue*						*Long-Lived Assets^(a)*
	2011		2010		2009		2011		2010		2009
U.S.	$	33,053	$	30,618	$	22,446	$	28,999	$	28,631	$	12,496
Russia^(b)		4,954		1,890		1,006		8,236		2,744		2,094
Mexico		4,782		4,531		3,210		1,027		1,671		1,044
Canada		3,364		3,081		1,996		3,097		3,133		688
United Kingdom		2,075		1,888		1,826		1,011		1,019		1,358
All other countries		18,276		15,830		12,748		12,050		11,697		8,632

	$	66,504	$	57,838	$	43,232	$	54,420	$	48,895	$	26,312

(a)	Long-lived assets represent property, plant and equipment, nonamortizable intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. These assets are reported in the country where they are primarily used.

(b)	Changes in 2011 relate primarily to our acquisition of WBD.

Restructuring, Impairment And Integration Charges [Abstract]

Tabular disclosure of the profit or loss and total assets for each reportable segment. 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.

+ References+ Details

Restructuring, Impairment And Integration Charges (Tables)

12 Months Ended

Dec. 31, 2011

Summary Of Productivity Plan And Growth Charges

A summary of our Productivity Plan charges in 2011 is as follows:


	Severance and Other Employee Costs		Other Costs		Total
FLNA	$	74	$	2	$	76
QFNA		18		—		18
LAF		46		2		48
PAB		75		6		81
Europe		65		12		77
AMEA		9		—		9
Corporate		40		34		74

	$	327	$	56	$	383

A summary of our Productivity for Growth charges in 2009 is as follows:


	Severance and Other Employee Costs^(a)		Other Costs		Total
FLNA	$	—	$	1	$	1
QFNA		—		2		2
LAF		3		—		3
PAB		6		10		16
Europe		2		—		2
AMEA		6		6		12

	$	17	$	19	$	36

Summary Of Productivity Plan Activity


	Severance and Other Employee Costs			Other Costs			Total
2011 restructuring charges	$	327		$	56		$	383
Cash payments		(1	)		(29	)		(30	)
Non-cash charges		(25	)		—			(25	)

Liability as of December 31, 2011	$	301		$	27		$	328

Schedule Of Merger And Integration Activity


	Severance and Other Employee Costs			Asset Impairment			Other Costs			Total
2010 merger and integration charges	$	396		$	132		$	280		$	808
Cash payments		(114	)		—			(271	)		(385	)
Non-cash charges		(103	)		(132	)		16			(219	)

Liability as of December 25, 2010		179			—			25			204
2011 merger and integration charges		146			34			149			329
Cash payments		(191	)		—			(186	)		(377	)
Non-cash charges		(88	)		(34	)		19			(103	)

Liability as of December 31, 2011	$	46		$	—		$	7		$	53

Schedule Of Productivity For Growth Activity


	Severance and Other Employee Costs			Asset Impairment			Other Costs			Total
Liability as of December 27, 2008	$	134		$	—		$	64		$	198
2009 restructuring and impairment charges		17			12			7			36
Cash payments		(128	)		—			(68	)		(196	)
Currency translation		(14	)		(12	)		25			(1	)

Liability as of December 26, 2009		9			—			28			37
Cash payments		(6	)		—			(25	)		(31	)
Non-cash charges		(2	)		—			(1	)		(3	)
Currency translation		—			—			(1	)		(1	)

Liability as of December 25, 2010	$	1		$	—		$	1		$	2

Property, Plant And Equipment And Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2011

Property, Plant And Equipment And Intangible Assets [Abstract]

Schedule Of Property, Plant And Equipment And Intangible Assets


	Average Useful Life	2011			2010			2009
*Property, plant and equipment, net*
Land and improvements	10 – 34 yrs.	$	1,951		$	1,976
Buildings and improvements	15 – 44		7,565			7,054
Machinery and equipment, including fleet and software	5 – 15		23,798			22,091
Construction in progress			1,826			1,920

			35,140			33,041
Accumulated depreciation			(15,442	)		(13,983	)

		$	19,698		$	19,058

Depreciation expense		$	2,476		$	2,124		$	1,500

*Amortizable intangible assets, net*
Acquired franchise rights	56 – 60	$	916		$	949
Reacquired franchise rights	1 – 14		110			110
Brands	5 – 40		1,417			1,463
Other identifiable intangibles	10 – 24		777			747

			3,220			3,269
Accumulated amortization			(1,332	)		(1,244	)

		$	1,888		$	2,025

Amortization expense		$	133		$	117		$	63

Schedule Of Change In Book Value Of Nonamortizable Intangible Assets


	Balance, Beginning 2010		Acquisitions		Translation and Other			Balance, End of 2010		Acquisitions/ (Divestitures)			Translation and Other			Balance, End of 2011
*FLNA*
Goodwill	$	306	$	—	$	7		$	313	$	—		$	(2	)	$	311
Brands		30		—		1			31		—			(1	)		30

		336		—		8			344		—			(3	)		341

*QFNA*
Goodwill		175		—		—			175		—			—			175

*LAF*
Goodwill		479		—		18			497		331			(35	)		793
Brands		136		—		7			143		20			(6	)		157

		615		—		25			640		351			(41	)		950

*PAB* ^(a)
Goodwill		2,431		7,476		39			9,946		(27	)		13			9,932
Reacquired franchise rights		—		7,229		54			7,283		77			(18	)		7,342
Acquired franchise rights		—		660		905	^(b)		1,565		(1	)		(2	)		1,562
Brands		112		66		4			182		(20	)		6			168
Other		—		10		—			10		(9	)		(1	)		—

		2,543		15,441		1,002			18,986		20			(2	)		19,004

**Europe^(a)(c)**
Goodwill		2,625		583		(168	)		3,040		2,131			(271	)		4,900
Reacquired franchise rights		—		810		(17	)		793		—			(61	)		732
Acquired franchise rights		—		232		(5	)		227		—			(9	)		218
Brands		1,378		88		(86	)		1,380		3,114			(316	)		4,178

		4,003		1,713		(276	)		5,440		5,245			(657	)		10,028

*AMEA*
Goodwill		518		116		56			690		—			(1	)		689
Brands		126		26		17			169		—			1			170

		644		142		73			859		—			—			859


Total goodwill		6,534		8,175		(48	)		14,661		2,435			(296	)		16,800
Total reacquired franchise rights		—		8,039		37			8,076		77			(79	)		8,074
Total acquired franchise rights		—		892		900			1,792		(1	)		(11	)		1,780
Total brands		1,782		180		(57	)		1,905		3,114			(316	)		4,703
Total other		—		10		—			10		(9	)		(1	)		—

	$	8,316	$	17,296	$	832		$	26,444	$	5,616		$	(703	)	$	31,357

(a)	Net increases in 2010 relate primarily to our acquisitions of PBG and PAS.

(b)	Includes $900 million related to our upfront payment to DPSG to manufacture and distribute Dr Pepper and certain other DPSG products.

(c)	Net increases in 2011 relate primarily to our acquisition of WBD.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Taxes


		2011			2010			2009
*Income before income taxes*
U.S.		$	3,964		$	4,008		$	4,209
Foreign			4,870			4,224			3,870

		$	8,834		$	8,232		$	8,079

*Provision for income taxes*
Current:	U.S. Federal	$	611		$	932		$	1,238
	Foreign		882			728			473
	State		124			137			124

			1,617			1,797			1,835

Deferred:	U.S. Federal		789			78			223
	Foreign		(88	)		18			21
	State		54			1			21

			755			97			265

		$	2,372		$	1,894		$	2,100

*Tax rate reconciliation*
U.S. Federal statutory tax rate			35.0	%		35.0	%		35.0	%
State income tax, net of U.S. Federal tax benefit			1.3			1.1			1.2
Lower taxes on foreign results			(8.7	)		(9.4	)		(7.9	)
Acquisitions of PBG and PAS			—			(3.1	)		—
Other, net			(0.8	)		(0.6	)		(2.3	)

Annual tax rate			26.8	%		23.0	%		26.0	%

*Deferred tax liabilities*
Investments in noncontrolled affiliates		$	41		$	74
Debt guarantee of wholly owned subsidiary			828			828
Property, plant and equipment			2,466			1,984
Intangible assets other than nondeductible goodwill			4,297			3,726
Other			184			647

Gross deferred tax liabilities			7,816			7,259

*Deferred tax assets*
Net carryforwards			1,373			1,264
Stock-based compensation			429			455
Retiree medical benefits			504			579
Other employee-related benefits			695			527
Pension benefits			545			291
Deductible state tax and interest benefits			339			320
Long-term debt obligations acquired			223			291
Other			822			904

Gross deferred tax assets			4,930			4,631
Valuation allowances			(1,264	)		(875	)

Deferred tax assets, net			3,666			3,756

Net deferred tax liabilities		$	4,150		$	3,503

Deferred taxes included within:
Assets:
Prepaid expenses and other current assets		$	845		$	554
Liabilities:
Deferred income taxes		$	4,995		$	4,057
*Analysis of valuation allowances*
Balance, beginning of year		$	875		$	586		$	657
Provision/(Benefit)			464			75			(78	)
Other (deductions)/additions			(75	)		214			7

Balance, end of year		$	1,264		$	875		$	586

Reserves Rollforward


	2011			2010
Balance, beginning of year	$	2,022		$	1,731
Additions for tax positions related to the current year		233			204
Additions for tax positions from prior years		147			517
Reductions for tax positions from prior years		(46	)		(391	)
Settlement payments		(156	)		(30	)
Statute of limitations expiration		(15	)		(7	)
Translation and other		(18	)		(2	)

Balance, end of year	$	2,167		$	2,022

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions


	2011			2010			2009
Expected life		6 yrs.			5 yrs.			6 yrs.
Risk-free interest rate		2.5	%		2.3	%		2.8	%
Expected volatility		16	%		17	%		17	%
Expected dividend yield		2.9	%		2.8	%		3.0	%

Stock-Based Compensation Activity


	Options^(a)			Average Price^(b)		Average Life (years)^(c)		Aggregate Intrinsic Value^(d)
Outstanding at December 25, 2010		106,203		$	54.03
Granted		7,150		$	64.31
Exercised		(19,980	)	$	47.74
Forfeited/expired		(2,298	)	$	65.73

Outstanding at December 31, 2011		91,075		$	55.92		5.07	$	932,748

Exercisable at December 31, 2011		58,708		$	53.86		4.94	$	725,781

(a)	Options are in thousands and include options previously granted under PBG, PAS and Quaker legacy plans. No additional options or shares may be granted under the PBG, PAS and Quaker plans.

(b)	Weighted-average exercise price.

(c)	Weighted-average contractual life remaining.

(d)	In thousands.

Restricted Stock Units Activity


	RSUs^(a)			Average Intrinsic Value^(b)		Average Life (years)^(c)		Aggregate Intrinsic Value^(d)
Outstanding at December 25, 2010		10,662		$	63.27
Granted		5,333		$	63.87
Converted		(2,610	)	$	65.81
Forfeited/expired		(1,045	)	$	63.71

Outstanding at December 31, 2011		12,340		$	62.96		1.57	$	818,776

(a)	RSUs are in thousands and include RSUs previously granted under a PBG plan. No additional RSUs or shares may be granted under the PBG plan.

(b)	Weighted-average intrinsic value at grant date.

(c)	Weighted-average contractual life remaining.

(d)	In thousands.

Other Stock-Based Compensation Data


	2011		2010		2009
*Stock Options*
Weighted-average fair value of options granted	$	7.79	$	13.93	$	7.02
Total intrinsic value of options exercised^(a)	$	385,678	$	502,354	$	194,545

*RSUs*
Total number of RSUs granted^(a)		5,333		8,326		2,653
Weighted-average intrinsic value of RSUs granted	$	63.87	$	65.01	$	53.22
Total intrinsic value of RSUs converted^(a)	$	173,433	$	202,717	$	124,193

(a)	In thousands.

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details

Pension, Retiree Medical And Savings Plans (Tables)

12 Months Ended

Dec. 31, 2011

Selected Financial Information For Pension And Retiree Medical Plans


	Pension												Retiree Medical
	U.S.						International						Retiree Medical
	2011			2010			2011			2010			2011			2010
*Change in projected benefit liability*
Liability at beginning of year	$	9,851		$	6,606		$	2,142		$	1,709		$	1,770		$	1,359
Acquisitions/(divestitures)		11			2,161			(63	)		90			—			396
Service cost		350			299			95			81			51			54
Interest cost		547			506			117			106			88			93
Plan amendments		21			28			(16	)		—			3			(132	)
Participant contributions		—			—			3			3			—			—
Experience loss/(gain)		1,484			583			224			213			(239	)		95
Benefit payments		(414	)		(375	)		(69	)		(69	)		(110	)		(100	)
Settlement/curtailment gain		(20	)		(2	)		(15	)		(3	)		—			—
Special termination benefits		71			45			1			3			1			3
Foreign currency adjustment		—			—			(41	)		(18	)		(1	)		2
Other		—			—			3			27			—			—

Liability at end of year	$	11,901		$	9,851		$	2,381		$	2,142		$	1,563		$	1,770

*Change in fair value of plan assets*
Fair value at beginning of year	$	8,870		$	5,420		$	1,896		$	1,561		$	190		$	13
Acquisitions/(divestitures)		11			1,633			(1	)		52			—			—
Actual return on plan assets		542			943			79			164			—			7
Employer contributions/funding		63			1,249			176			215			110			270
Participant contributions		—			—			3			3			—			—
Benefit payments		(414	)		(375	)		(69	)		(69	)		(110	)		(100	)
Settlement		—			—			(30	)		(2	)		—			—
Foreign currency adjustment		—			—			(23	)		(28	)		—			—

Fair value at end of year	$	9,072		$	8,870		$	2,031		$	1,896		$	190		$	190

Funded status	$	(2,829	)	$	(981	)	$	(350	)	$	(246	)	$	(1,373	)	$	(1,580	)

*Amounts recognized*
Other assets	$	—		$	47		$	55		$	66		$	—		$	—
Other current liabilities		(91	)		(54	)		(1	)		(10	)		(124	)		(145	)
Other liabilities		(2,738	)		(974	)		(404	)		(302	)		(1,249	)		(1,435	)

Net amount recognized	$	(2,829	)	$	(981	)	$	(350	)	$	(246	)	$	(1,373	)	$	(1,580	)

*Amounts included in accumulated other comprehensive loss (pre-tax)*
Net loss	$	4,217		$	2,726		$	977		$	767		$	32		$	270
Prior service cost/(credit)		122			117			(2	)		17			(118	)		(150	)

Total	$	4,339		$	2,843		$	975		$	784		$	(86	)	$	120

*Components of the increase/(decrease) in net loss*
Change in discount rate	$	1,710		$	556		$	302		$	213		$	115		$	101
Employee-related assumption changes		(140	)		4			(51	)		(4	)		(125	)		8
Liability-related experience different from assumptions		(85	)		43			(27	)		5			(210	)		(22	)
Actual asset return different from expected return		162			(300	)		57			(41	)		14			(6	)
Amortization of losses		(147	)		(119	)		(55	)		(24	)		(12	)		(9	)
Other, including foreign currency adjustments		(9	)		(21	)		(16	)		(7	)		(20	)		8

Total	$	1,491		$	163		$	210		$	142		$	(238	)	$	80

Liability at end of year for service to date	$	11,205		$	9,163		$	1,921		$	1,743

Estimated Amounts To Be Amortized From Accumulated Other Comprehensive Loss Into Benefit Expense In 2012 For Pension And Retiree Medical Plans


	Pension				Retiree Medical
	U.S.		International
Net loss	$	259	$	52	$	—
Prior service cost/(credit)		17		1		(26	)

Total	$	276	$	53	$	(26	)

Weighted-Average Assumptions Used To Determine Projected Benefit Liability And Benefit Expense For Pension And Retiree Medical Plans


	Pension																		Retiree Medical
	U.S.									International									Retiree Medical
	2011			2010			2009			2011			2010			2009			2011			2010			2009
*Weighted-average assumptions*
Liability discount rate		4.6	%		5.7	%		6.1	%		4.8	%		5.5	%		5.9	%		4.4	%		5.2	%		6.1	%
Expense discount rate		5.7	%		6.0	%		6.2	%		5.5	%		6.0	%		6.3	%		5.2	%		5.8	%		6.2	%
Expected return on plan assets		7.8	%		7.8	%		7.8	%		6.7	%		7.1	%		7.1	%		7.8	%		7.8	%		—
Liability rate of salary increases		3.7	%		4.1	%		4.4	%		4.1	%		4.1	%		4.1	%
Expense rate of salary increases		4.1	%		4.4	%		4.4	%		4.1	%		4.1	%		4.2	%

Selected Information About Plans With Liability For Service To Date And Total Benefit Liability In Excess Of Plan Assets


	Pension												Retiree Medical
	U.S.						International						Retiree Medical
	2011			2010			2011			2010			2011			2010
*Selected information for plans with liability for service to date in excess of plan assets*
Liability for service to date	$	(11,205	)	$	(525	)	$	(471	)	$	(610	)
Fair value of plan assets	$	9,072		$	—		$	344		$	474
*Selected information for plans with projected benefit liability in excess of plan assets*
Benefit liability	$	(11,901	)	$	(5,806	)	$	(2,191	)	$	(1,949	)	$	(1,563	)	$	(1,770	)
Fair value of plan assets	$	9,072		$	4,778		$	1,786		$	1,638		$	190		$	190

Schedule Of Future Benefit Payments And Funding


	2012		2013		2014		2015		2016		2017-21
Pension	$	560	$	560	$	560	$	600	$	645	$	4,050
Retiree medical^(a)	$	135	$	135	$	140	$	145	$	145	$	730

(a)

Categorized Plan Assets Measured At Fair Value


	2011								2010
	Total		Level 1		Level 2		Level 3		Total
*U.S. plan assets**
Equity securities:
U.S. common stock^(a)	$	514	$	514	$	—	$	—	$	304
U.S. commingled funds^(b)		3,003		—		3,003		—		3,426
International common stock^(a)		1,089		1,089		—		—		834
International commingled fund^(c)		776		—		776		—		992
Preferred stock^(d)		19		—		19		—		4
Fixed income securities:
Government securities^(d)		1,032		—		1,032		—		950
Corporate bonds^{(d) (e)}		2,653		—		2,653		—		2,374
Mortgage-backed securities^(d)		24		—		24		—		20
Other:
Contracts with insurance companies^(f)		24		—		—		24		28
Cash and cash equivalents		78		78		—		—		81

Sub-total U.S. plan assets		9,212	$	1,681	$	7,507	$	24		9,013

Dividends and interest receivable		50								47

Total U.S. plan assets	$	9,262							$	9,060


*International plan assets*
Equity securities:
U.S. commingled funds^(b)	$	246	$	—	$	246	$	—	$	193
International commingled funds^(c)		729		—		729		—		779
Fixed income securities:
Government securities^(d)		171		—		171		—		184
Corporate bonds^(d)		196		—		196		—		152
Fixed income commingled funds^(g)		530		—		530		—		393
Other:
Contracts with insurance companies^(f)		30		—		—		30		28
Currency commingled funds^(h)		52		—		52		—		42
Other commingled fund⁽ⁱ⁾		56		—		56		—		—
Cash and cash equivalents		16		16		—		—		120

Sub-total international plan assets		2,026	$	16	$	1,980	$	30		1,891

Dividends and interest receivable		5								5

Total international plan assets	$	2,031							$	1,896

(a)	Based on quoted market prices in active markets.

(b)	Based on the fair value of the investments owned by these funds that track various U.S. large, mid-cap and small company indices. Includes one large-cap fund that represents 30% and 32%, respectively, of total U.S. plan assets for 2011 and 2010.

(c)	Based on the fair value of the investments owned by these funds that track various non-U.S. equity indices.

(d)	Based on quoted bid prices for comparable securities in the marketplace and broker/dealer quotes that are not observable.

(e)	Corporate bonds of U.S.-based companies represent 24% and 22%, respectively, of total U.S. plan assets for 2011 and 2010.

(f)	Based on the fair value of the contracts as determined by the insurance companies using inputs that are not observable.

(g)	Based on the fair value of the investments owned by these funds that track various government and corporate bond indices.

(h)	Based on the fair value of the investments owned by these funds. Includes managed hedge funds that invest primarily in derivatives to reduce currency exposure.

(i)	Based on the fair value of the investments owned by this fund that tracks various indices.

*	2011 and 2010 amounts include $190 million of retiree medical plan assets that are restricted for purposes of providing health benefits for U.S. retirees and their beneficiaries.

Effects Of 1-Percentage-Point Change In The Assumed Health Care Trend Rate


	1% Increase		1% Decrease
2011 service and interest cost components	$	4	$	(4	)
2011 benefit liability	$	39	$	(29	)

Components Of Benefit Expense [Member]

Selected Financial Information For Pension And Retiree Medical Plans


	Pension																		Retiree Medical
	U.S.									International									Retiree Medical
	2011			2010			2009			2011			2010			2009			2011			2010			2009
*Components of benefit expense*
Service cost	$	350		$	299		$	238		$	95		$	81		$	54		$	51		$	54		$	44
Interest cost		547			506			373			117			106			82			88			93			82
Expected return on plan assets		(704	)		(643	)		(462	)		(136	)		(123	)		(105	)		(14	)		(1	)		—
Amortization of prior service cost/(credit)		14			12			12			2			2			2			(28	)		(22	)		(17	)
Amortization of net loss		145			119			110			40			24			9			12			9			11

		352			293			271			118			90			42			109			133			120
Settlement/curtailment (gain)/loss		(8	)		(2	)		(13	)		30			1			3			—			(62	)		—
Special termination benefits		71			45			—			1			3			—			1			3			—

Total	$	415		$	336		$	258		$	149		$	94		$	45		$	110		$	74		$	120

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, 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.

Summary Of Noncontrolled Affiliates Income Statements

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5, 6, 7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 4, 7, 16, 20, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 55

-Paragraph 17

-URI http://asc.fasb.org/extlink&oid=6930749&loc=d3e4179-114921

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2410-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2439-114920

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2417-114920

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2011


	PBG		PAS
Net revenue	$	13,219	$	4,421
Gross profit	$	5,840	$	1,767
Operating income	$	1,048	$	381
Net income attributable to parent	$	612	$	181


	2010^(a)		2009
Net revenue	$	993	$	3,922
Cost of sales	$	116	$	634
Selling, general and administrative expenses	$	6	$	24
Accounts and notes receivable	$	27
Accounts payable and other liabilities	$	42

(a)	Includes transactions with PBG and PAS in 2010 prior to the date of acquisition. 2010 balance sheet information for PBG and PAS is not applicable as we consolidated their balance sheets at the date of acquisition.

Debt Obligations And Commitments (Tables)

12 Months Ended

Dec. 31, 2011

Debt Obligations And Commitments [Abstract]

Schedule Of Long And Short-Term Debt Contractual Commitments


	2011			2010
*Short-term debt obligations*
Current maturities of long-term debt	$	2,549		$	1,626
Commercial paper (0.1% and 0.2%)		2,973			2,632
Other borrowings (7.6% and 5.3%)		683			640

	$	6,205		$	4,898

*Long-term debt obligations*
Notes due 2011 (4.4%)	$	—		$	1,513
Notes due 2012 (3.0% and 3.1%)		2,353			2,437
Notes due 2013 (2.3% and 3.0%)		2,841			2,110
Notes due 2014 (4.6% and 5.3%)		3,335			2,888
Notes due 2015 (2.3% and 2.6%)		1,632			1,617
Notes due 2016 (3.9% and 5.5%)		1,876			875
Notes due 2017-2040 (4.8% and 4.9%)		10,806			9,953
Other, due 2012-2020 (9.9% and 9.8%)		274			232

		23,117			21,625
Less: current maturities of long-term debt obligations		(2,549	)		(1,626	)

Total	$	20,568		$	19,999

Schedule Of Long-Term Contractual Commitments


	Payments Due by Period
	Total		2012		2013 – 2014		2015 – 2016		2017 and beyond
Long-term debt obligations^(b)	$	19,738	$	—	$	6,084	$	3,451	$	10,203
Interest on debt obligations^(c)		7,445		852		1,394		1,091		4,108
Operating leases		1,825		423		598		337		467
Purchasing commitments		2,434		1,113		957		302		62
Marketing commitments		2,519		240		589		535		1,155

	$	33,961	$	2,628	$	9,622	$	5,716	$	15,995

(a)	Reflects non-cancelable commitments as of December 31, 2011 based on year-end foreign exchange rates and excludes any reserves for uncertain tax positions as we are unable to reasonably predict the ultimate amount or timing of settlement.

(b)

(c)	Interest payments on floating-rate debt are estimated using interest rates effective as of December 31, 2011.

Fair Values Of Financial Assets And Liabilities

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Financial Instruments [Abstract]


	2011				2010
	Assets^(a)		Liabilities^(a)		Assets^(a)		Liabilities^(a)

Available-for-sale securities^(b)	$	59	$	—	$	636	$	—
Short-term investments – index funds^(c)	$	157	$	—	$	167	$	—
Prepaid forward contracts^(d)	$	40	$	—	$	48	$	—
Deferred compensation^(e)	$	—	$	519	$	—	$	559

Derivatives designated as fair value hedging instruments:
Interest rate derivatives^(f)	$	300	$	—	$	276	$	7

Derivatives designated as cash flow hedging instruments:
Forward exchange contracts^(g)	$	25	$	5	$	8	$	23
Interest rate derivatives^(f)		—		69		8		5
Commodity contracts – other^(h)		3		77		70		2
Commodity contracts – futures⁽ⁱ⁾		—		1		1		23

	$	28	$	152	$	87	$	53

Derivatives not designated as hedging instruments:
Forward exchange contracts^(g)	$	17	$	20	$	1	$	7
Interest rate derivatives^(f)		107		141		6		45
Commodity contracts – other^(h)		10		51		28		1
Commodity contracts – futures⁽ⁱ⁾		—		11		—		1

	$	134	$	223	$	35	$	54


Total derivatives at fair value	$	462	$	375	$	398	$	114


Total	$	718	$	894	$	1,249	$	673

(a)

(b)	Based on the price of common stock. Categorized as a Level 1 asset.

(c)	Based on price changes in index funds used to manage a portion of market risk arising from our deferred compensation liability. Categorized as a Level 1 asset.

(d)	Based primarily on the price of our common stock.

(e)	Based on the fair value of investments corresponding to employees' investment elections. As of December 31, 2011 and December 25, 2010, $44 million and $170 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.

(f)	Based on LIBOR and recently reported transactions in the marketplace.

(g)	Based on observable market transactions of spot and forward rates.

(h)	Based on recently reported transactions in the marketplace, primarily swap arrangements.

(i)	Based on average prices on futures exchanges. Categorized as a Level 1 asset or liability.

Effective Portion Of Pre-Tax (Gains)/Losses On Derivative Instruments


	Fair Value/Non- designated Hedges						Cash Flow Hedges
	Losses/(Gains) Recognized in Income Statement^(a)						(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	2011			2010			2011			2010			2011			2010
Forward exchange contracts	$	14		$	6		$	(9	)	$	26		$	26		$	40
Interest rate derivatives		(113	)		(104	)		84			75			15			7
Commodity contracts		25			(30	)		51			(32	)		(36	)		28

Total	$	(74	)	$	(128	)	$	126		$	69		$	5		$	75

(a)

(b)	Interest rate derivative losses are included in interest expense. All other gains/losses are primarily included in cost of sales.

Net Income Attributable To PepsiCo Per Common Share [Abstract]

Tabular disclosure 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, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

Net Income Attributable To PepsiCo Per Common Share (Tables)

12 Months Ended

Dec. 31, 2011

Basic And Diluted Net Income Attributable To PepsiCo Per Common Share


	2011					2010					2009
	Income			Shares^(a)		Income			Shares^(a)		Income			Shares^(a)
Net income attributable to PepsiCo	$	6,443				$	6,320				$	5,946
Preferred shares:
Dividends		(1	)				(1	)				(1	)
Redemption premium		(6	)				(5	)				(5	)

Net income available for PepsiCo common shareholders	$	6,436			1,576	$	6,314			1,590	$	5,940			1,558

Basic net income attributable to PepsiCo per common share	$	4.08				$	3.97				$	3.81

Net income available for PepsiCo common shareholders	$	6,436			1,576	$	6,314			1,590	$	5,940			1,558
Dilutive securities:
Stock options and RSUs		—			20		—			23		—			17
ESOP convertible preferred stock		7			1		6			1		6			2

Diluted	$	6,443			1,597	$	6,320			1,614	$	5,946			1,577

Diluted net income attributable to PepsiCo per common share	$	4.03				$	3.91				$	3.77

^(a)	Weighted-average common shares outstanding (in millions).

Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2011

Preferred Stock [Abstract]

Schedule Of Preferred Stock


	2011				2010				2009
	Shares^(a)		Amount		Shares^(a)		Amount		Shares^(a)		Amount
*Preferred stock*		0.8	$	41		0.8	$	41		0.8	$	41

*Repurchased preferred stock*
Balance, beginning of year		0.6	$	150		0.6	$	145		0.5	$	138
Redemptions		—		7		—		5		0.1		7

Balance, end of year		0.6	$	157		0.6	$	150		0.6	$	145

^(a)	In millions.

Accumulated Other Comprehensive Loss Attributable To Pepsico (Tables)

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Loss Attributable To Pepsico [Abstract]

Schedule Of Accumulated Other Comprehensive Income (Loss)


	2011			2010			2009
Currency translation adjustment	$	(2,688	)	$	(1,159	)	$	(1,471	)
Cash flow hedges, net of tax^(a)		(169	)		(100	)		(42	)
Unamortized pension and retiree medical, net of tax^(b)		(3,419	)		(2,442	)		(2,328	)
Unrealized gain on securities, net of tax		62			70			47
Other		(15	)		1			—

Accumulated other comprehensive loss attributable to PepsiCo	$	(6,229	)	$	(3,630	)	$	(3,794	)

(a)	Includes $23 million after-tax gain in 2009 for our share of our equity investees' accumulated derivative activity.

(b)	Net of taxes of $1,831 million in 2011, $1,322 million in 2010 and $1,211 million in 2009.

Supplemental Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

Supplemental Financial Information [Abstract]

Schedule Of Supplemental Balance Sheet Information


	2011			2010			2009
*Accounts receivable*
Trade receivables	$	6,036		$	5,514
Other receivables		1,033			953

		7,069			6,467

Allowance, beginning of year		144			90		$	70
Net amounts charged to expense		30			12			40
Deductions^(a)		(41	)		(37	)		(21	)
Other^(b)		24			79			1

Allowance, end of year		157			144		$	90

Net receivables	$	6,912		$	6,323


*Inventories*^(c)
Raw materials	$	1,883		$	1,654
Work-in-process		207			128
Finished goods		1,737			1,590

	$	3,827		$	3,372

(a)	Includes accounts written off.

(b)	Includes adjustments related to acquisitions, currency translation effects and other adjustments.

(c)


	2011		2010
*Other assets*
Noncurrent notes and accounts receivable	$	159	$	165
Deferred marketplace spending		186		203
Pension plans		65		121
Other investments		89		653
Other		522		547

	$	1,021	$	1,689


*Accounts payable and other current liabilities*
Accounts payable	$	4,083	$	3,865
Accrued marketplace spending		1,915		1,841
Accrued compensation and benefits		1,771		1,779
Dividends payable		813		766
Other current liabilities		3,175		2,672

	$	11,757	$	10,923

Schedule Of Other Supplemental Information


	2011		2010		2009
*Other supplemental information*
Rent expense	$	589	$	526	$	412
Interest paid	$	1,039	$	1,043	$	456
Income taxes paid, net of refunds	$	2,218	$	1,495	$	1,498

Acquisitions (Tables)

12 Months Ended

24 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Acquisitions [Abstract]

Business Acquisition, Pro Forma Information


	2010		2009

Net Revenue	$	59,582	$	57,471

Net Income Attributable to PepsiCo	$	5,856	$	6,752

Net Income Attributable to PepsiCo per Common Share – Diluted	$	3.60	$	4.09

Fair Value Of Identifiable Assets Acquired And Liabilities Assumed


Fair value of total consideration transferred
Payment in cash, for the approximately 66% of outstanding ordinary shares of WBD on February 3, 2011, including shares underlying ADSs and GDSs (or $2,428, net of cash and cash equivalents acquired)	$	3,827

Fair value of our previously held equity interest in WBD prior to the acquisition		644

Total	$	4,471


Acquisition date fair value of identifiable assets acquired and liabilities assumed
Inventories	$	314
Property, plant and equipment		813
Amortizable intangible assets, primarily customer relationships		46
Nonamortizable intangible assets, primarily brands and tradename		3,114
Other current assets and liabilities^(a)		1,244
Debt obligations		(1,114	)
Other noncurrent assets and liabilities		(31	)
Deferred income taxes		(665	)

Total identifiable net assets		3,721
Fair value of noncontrolling interest in WBD		(1,349	)
Goodwill		2,099

Total	$	4,471

(a)	Includes cash and cash equivalents, accounts receivable, prepaid expenses and other current assets, accounts payable and other current liabilities.

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

Basis Of Presentation And Our Divisions (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 19, 2011	Mar. 20, 2010	Dec. 31, 2011	Dec. 25, 2010
Basis Of Presentation And Our Divisions [Line Items]
Ownership percentage			50.00%
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
Manufacture and sell in (number of countries)			200
Change in accounting method (LIFO to average cost) effect on net income	$ 9
FLNA [Member]
Basis Of Presentation And Our Divisions [Line Items]
Stock-based compensation percentage			15
QFNA [Member]
Basis Of Presentation And Our Divisions [Line Items]
Stock-based compensation percentage			2
LAF [Member]
Basis Of Presentation And Our Divisions [Line Items]
Stock-based compensation percentage			4
PAB [Member]
Basis Of Presentation And Our Divisions [Line Items]
Stock-based compensation percentage			31
Europe [Member]
Basis Of Presentation And Our Divisions [Line Items]
Stock-based compensation percentage			12
AMEA [Member]
Basis Of Presentation And Our Divisions [Line Items]
Stock-based compensation percentage			9
Corporate Unallocated [Member]
Basis Of Presentation And Our Divisions [Line Items]
Stock-based compensation percentage			27

In a business combination achieved in stages, this element represents the amount of net gain (loss) recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination.

+ References+ Details

Amount of the effect of a change in accounting principle on net income.

+ References+ Details

Basis Of Presentation And Our Divisions (Schedule Of Segment Reporting Information, By Segment) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

$ 66,504

$ 57,838

$ 43,232

9,633

8,332

8,044

FLNA [Member]

13,322

12,573

12,421

3,621

^[1]

3,376

^[1]

3,105

^[1]

20.00%

33.00%

QFNA [Member]

2,656

2,687

797

^[1]

741

^[1]

781

^[1]

4.00%

8.00%

LAF [Member]

7,156

6,315

5,703

1,078

^[1]

1,004

^[1]

904

^[1]

11.00%

10.00%

PAB [Member]

22,418

20,401

10,116

3,273

^[1]

2,776

^[1]

2,172

^[1]

34.00%

30.00%

Europe [Member]

13,560

^[2]

9,602

^[2]

7,028

^[2]

1,210

^[1],[2]

1,054

^[1],[2]

948

^[1],[2]

20.00%

11.00%

AMEA [Member]

7,392

6,291

5,277

887

^[1]

708

^[1]

700

^[1]

11.00%

8.00%

Total Division [Member]

66,504

57,838

43,232

10,866

^[1]

9,659

^[1]

8,610

^[1]

Corporate Unallocated 53rd Week [Member]

(18)

^[1]

Corporate Unallocated Net Impact Of Mark-To-Market On Commodity Hedges [Member]

(102)

^[1]

274

^[1]

Corporate Unallocated Merger And Integration Costs [Member]

(78)

^[1]

(191)

^[1]

(49)

^[1]

Corporate Unallocated Restructuring And Impairment Charges [Member]

(74)

^[1]

Corporate Unallocated Venezuela Currency Devaluation [Member]

(129)

^[1]

Corporate Unallocated Asset Write-Off [Member]

(145)

^[1]

Corporate Unallocated Foundation Contribution [Member]

(100)

^[1]

Corporate Unallocated Other [Member]

$ (961)

^[1]

$ (853)

^[1]

$ (791)

^[1]

[1]	For information on the impact of restructuring, impairment and integration charges on our divisions, see Note 3.
[2]	Change in net revenue in 2011 relates primarily to our acquisition of WBD.

Basis Of Presentation And Our Divisions (Segment Reporting Information By Total Assets And Capital Spending) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

$ 72,882

$ 68,153

$ 39,848

3,339

3,253

2,128

FLNA [Member]

6,120

6,027

6,093

439

515

478

8.00%

13.00%

QFNA [Member]

1,174

1,217

1,241

2.00%

1.00%

LAF [Member]

4,731

4,053

3,575

413

370

310

7.00%

12.00%

PAB [Member]

31,187

31,622

7,670

1,006

973

182

43.00%

30.00%

Europe [Member]

18,479

^[1]

13,032

^[1]

9,471

^[1]

588

^[1]

517

^[1]

370

^[1]

25.00%

18.00%

AMEA [Member]

6,048

5,569

4,787

693

610

572

8.00%

21.00%

Total Division [Member]

67,739

61,520

32,837

3,182

3,033

1,957

Corporate [Member]

5,143

^[2]

6,394

^[2]

3,933

^[2]

157

^[2]

220

^[2]

171

^[2]

7.00%

5.00%

Investments In Bottling Affiliates [Member]

$ 239

$ 3,078

[1]	Changes in total assets in 2011 relate primarily to our acquisition of WBD.
[2]	Corporate assets consist principally of cash and cash equivalents, short-term investments, derivative instruments and property, plant and equipment.

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.

+ References+ Details

The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.

+ References+ Details

Basis Of Presentation And Our Divisions (Segment Reporting Information By Amortization Of Intangible Assets And Depreciation And Other Amortization) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	$ 133	$ 117	$ 63
Depreciation and Other Amortization	2,604	2,210	1,572
FLNA [Member]
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	7	7	7
Depreciation and Other Amortization	458	448	428
QFNA [Member]
Segment Reporting Information [Line Items]
Depreciation and Other Amortization	54	52	48
LAF [Member]
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	10	6	5
Depreciation and Other Amortization	238	213	189
PAB [Member]
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	65	56	18
Depreciation and Other Amortization	865	749	345
Europe [Member]
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	39	35	22
Depreciation and Other Amortization	522	355	236
AMEA [Member]
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	12	13	11
Depreciation and Other Amortization	350	294	239
Total Division [Member]
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	133	117	63
Depreciation and Other Amortization	2,487	2,111	1,485
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and Other Amortization	$ 117	$ 99	$ 87

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 or used in operations using the indirect method.

+ References+ Details

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

+ References+ Details

Basis Of Presentation And Our Divisions (Segment Reporting Information By Net Revenue And Long-Lived Assets) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

$ 66,504

$ 57,838

$ 43,232

54,420

^[1]

48,895

^[1]

26,312

^[1]

United States [Member]

33,053

30,618

22,446

28,999

^[1]

28,631

^[1]

12,496

^[1]

50.00%

53.00%

Mexico [Member]

4,782

4,531

3,210

1,027

^[1]

1,671

^[1]

1,044

^[1]

7.00%

2.00%

Canada [Member]

3,364

3,081

1,996

3,097

^[1]

3,133

^[1]

688

^[1]

5.00%

6.00%

Russia [Member]

4,954

^[2]

1,890

^[2]

1,006

^[2]

8,236

^[1],[2]

2,744

^[1],[2]

2,094

^[1],[2]

7.00%

15.00%

United Kingdom [Member]

2,075

1,888

1,826

1,011

^[1]

1,019

^[1]

1,358

^[1]

3.00%

2.00%

All Other Countries [Member]

18,276

15,830

12,748

$ 12,050

^[1]

$ 11,697

^[1]

$ 8,632

^[1]

28.00%

22.00%

[1]	Long-lived assets represent property, plant and equipment, nonamortizable intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. These assets are reported in the country where they are primarily used.
[2]	Changes in 2011 relate primarily to our acquisition of WBD.

Our Significant Accounting Policies (Details) (USD $)	3 Months Ended	12 Months Ended
Our Significant Accounting Policies (Details) (USD $)	Jun. 12, 2010	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Property, Plant and Equipment [Line Items]
Percentage of net revenue represented by Wal-Mart(including Sam's)		11.00%
Sales incentives and discounts accounted for as a reduction of revenue		$ 34,600,000,000	$ 29,100,000,000	$ 12,900,000,000
Incentive arrangements		288,000,000	296,000,000
Advertising and other marketing activities		3,500,000,000	3,400,000,000	2,800,000,000
Advertising expenses		1,900,000,000	1,900,000,000	1,700,000,000
Deferred advertising costs		163,000,000	158,000,000
Shipping and handling expenses		9,200,000,000	7,700,000,000	5,600,000,000
Software amortization		156,000,000	137,000,000	119,000,000
Net capitalized software and development costs		1,300,000,000	1,100,000,000
Research and development costs		525,000,000	488,000,000	414,000,000
One-time related tax charge	$ 41,000,000
Software [Member]
Property, Plant and Equipment [Line Items]
Software estimated useful lives, minimum, years		5
Software estimated useful lives, maximum, years		10

Restructuring, Impairment And Integration Charges (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	$ (103)	$ (219)	$ 50
Merger and integration charges, after-tax impact per share		$ 0.40
Merger and integration charges recorded within corporate unallocated expenses		191
Restructuring and impairment charges	383		36
Restructuring charges	383
Interest expense	856	903	397
Restructuring charges, after tax	286
Restructuring charges, after tax impact per share	$ 0.18
Restructuring Charges impact per share			$ 0.02
PBG And PAS Acquisition [Member]
Restructuring Cost and Reserve [Line Items]
Closure of plants in connection with merger charges of PBG/PAS			6
Productivity For Growth Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges			36
Restructuring and impairment charges, after tax			29
Bottling Equity Income [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration costs		9
PAB [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	112	467
Restructuring and impairment charges			16
Restructuring charges	81
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	123	111
Restructuring and impairment charges			2
Restructuring charges	77
Corporate Unallocated [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	78
Restructuring charges	74
Corporate Unallocated [Member] \| Merger and Integration Charges [Member]
Restructuring Cost and Reserve [Line Items]
Interest expense	16
PBG, PAS And WBD Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	329	799
Merger and integration charges, after-tax impact per share	$ 0.17
Merger and integration charges after tax	271	648
PBG, PAS And WBD Acquisitions [Member] \| Merger And Integration Related [Member]
Restructuring Cost and Reserve [Line Items]
Interest expense		$ 30

Restructuring, Impairment And Integration Charges (Summary Of Productivity Plan And Growth Charges) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 26, 2009
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 383
Restructuring and impairment charges	383	36
Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	327
Restructuring and impairment charges		17
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	56
Restructuring and impairment charges		19
FLNA [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	76
Restructuring and impairment charges		1
FLNA [Member] \| Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	74
FLNA [Member] \| Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2
Restructuring and impairment charges		1
QFNA [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	18
Restructuring and impairment charges		2
QFNA [Member] \| Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	18
QFNA [Member] \| Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		2
LAF [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	48
Restructuring and impairment charges		3
LAF [Member] \| Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	46
Restructuring and impairment charges		3
LAF [Member] \| Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2
PAB [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	81
Restructuring and impairment charges		16
PAB [Member] \| Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	75
Restructuring and impairment charges		6
PAB [Member] \| Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6
Restructuring and impairment charges		10
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	77
Restructuring and impairment charges		2
Europe [Member] \| Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	65
Restructuring and impairment charges		2
Europe [Member] \| Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	12
AMEA [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	9
Restructuring and impairment charges		12
AMEA [Member] \| Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	9
Restructuring and impairment charges		6
AMEA [Member] \| Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		6
Corporate Unallocated [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	74
Corporate Unallocated [Member] \| Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	40
Corporate Unallocated [Member] \| Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 34

Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations.

+ References+ Details

Restructuring, Impairment And Integration Charges (Summary Of Productivity Plan Activity) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
2011 restructuring charges	$ 383
Productivity Plan Activity [Member]
Restructuring Cost and Reserve [Line Items]
2011 restructuring charges	383
Cash payments	(30)
Non-cash charges	(25)
Liability as of December 31, 2011	328
Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
2011 restructuring charges	327
Severance And Other Employee Costs [Member] \| Productivity Plan Activity [Member]
Restructuring Cost and Reserve [Line Items]
2011 restructuring charges	327
Cash payments	(1)
Non-cash charges	(25)
Liability as of December 31, 2011	301
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
2011 restructuring charges	56
Other Costs [Member] \| Productivity Plan Activity [Member]
Restructuring Cost and Reserve [Line Items]
2011 restructuring charges	56
Cash payments	(29)
Liability as of December 31, 2011	$ 27

+ References+ Details

Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost.

+ References+ Details

Amount of consideration other than cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost.

+ References+ Details

Restructuring, Impairment And Integration Charges (Schedule Of Merger And Integration Activity) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Restructuring Cost and Reserve [Line Items]
Merger and integration charges	$ 329	$ 808	$ 50
Cash payments	(377)	(385)	(49)
Non-cash charges	(103)	(219)	50
Liability	53	204
Severance And Other Employee Costs [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration charges	146	396
Cash payments	(191)	(114)
Non-cash charges	(88)	(103)
Liability	46	179
Asset Impairment [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration charges	34	132
Non-cash charges	(34)	(132)
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration charges	149	280
Cash payments	(186)	(271)
Non-cash charges	19	16
Liability	$ 7	$ 25

Restructuring, Impairment And Integration Charges (Schedule Of Productivity For Growth Activity) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended					12 Months Ended				12 Months Ended
	Dec. 31, 2011	Dec. 26, 2009	Dec. 25, 2010 Productivity For Growth Program [Member]	Dec. 26, 2009 Productivity For Growth Program [Member]	Dec. 27, 2008 Productivity For Growth Program [Member]	Dec. 26, 2009 Severance And Other Employee Costs [Member]	Dec. 25, 2010 Severance And Other Employee Costs [Member] Productivity For Growth Program [Member]	Dec. 26, 2009 Severance And Other Employee Costs [Member] Productivity For Growth Program [Member]	Dec. 27, 2008 Severance And Other Employee Costs [Member] Productivity For Growth Program [Member]	Dec. 26, 2009 Asset Impairment [Member] Productivity For Growth Program [Member]	Dec. 26, 2009 Other Costs [Member]	Dec. 25, 2010 Other Costs [Member] Productivity For Growth Program [Member]	Dec. 26, 2009 Other Costs [Member] Productivity For Growth Program [Member]	Dec. 27, 2008 Other Costs [Member] Productivity For Growth Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges	$ 383	$ 36		$ 36		$ 17		$ 17		$ 12	$ 19		$ 7
Cash payments			(31)	(196)			(6)	(128)				(25)	(68)
Non-cash charges			(3)				(2)					(1)
Currency translation			(1)	(1)				(14)		(12)		(1)	25
Liability			$ 2	$ 37	$ 198		$ 1	$ 9	$ 134			$ 1	$ 28	$ 64

Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost.

+ References+ Details

Amount of consideration other than cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost.

+ References+ Details

Property, Plant and Equipment [Line Items]

Amount of foreign currency translation adjustment increasing or decreasing the accrual for a specified type of restructuring cost.

+ References+ Details

Property, Plant And Equipment And Intangible Assets (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Property, Plant And Equipment And Intangible Assets [Abstract]
2012	$ 122
2013	113
2014	98
2015	89
2016	$ 81

Property, Plant And Equipment And Intangible Assets (Schedule Of Property, Plant And Equipment And Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 35,140	$ 33,041
Accumulated depreciation	(15,442)	(13,983)
Property, Plant and Equipment, net	19,698	19,058
Depreciation expenses	2,476	2,124	1,500
Amortizable intangible assets, gross	3,220	3,269
Accumulated amortization	(1,332)	(1,244)
Amortizable intangible assets, net	1,888	2,025
Amortization expense	133	117	63
Land And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,951	1,976
Property, plant and equipment net, Minimum Average Useful Life (in years)	10
Property, plant and equipment net, Maximum Average Useful Life (in years)	34
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,565	7,054
Property, plant and equipment net, Minimum Average Useful Life (in years)	15
Property, plant and equipment net, Maximum Average Useful Life (in years)	44
Machinery And Equipment, Including Fleet And Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	23,798	22,091
Property, plant and equipment net, Minimum Average Useful Life (in years)	5
Property, plant and equipment net, Maximum Average Useful Life (in years)	15
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,826	1,920
Acquired Franchise Rights [Member]
Property, Plant and Equipment [Line Items]
Amortizable intangible assets, gross	916	949
Amortizable intangible assets Net, Minimum	56
Amortizable intangible assets Net, Maximum	60
Reacquired Franchise Rights [Member]
Property, Plant and Equipment [Line Items]
Amortizable intangible assets, gross	110	110
Amortizable intangible assets Net, Minimum	1
Amortizable intangible assets Net, Maximum	14
Brands [Member]
Property, Plant and Equipment [Line Items]
Amortizable intangible assets, gross	1,417	1,463
Amortizable intangible assets Net, Minimum	5
Amortizable intangible assets Net, Maximum	40
Other Identifiable Intangibles [Member]
Property, Plant and Equipment [Line Items]
Amortizable intangible assets, gross	$ 777	$ 747
Amortizable intangible assets Net, Minimum	10
Amortizable intangible assets Net, Maximum	24

Property, Plant And Equipment And Intangible Assets (Schedule Of Change In Book Value Of Nonamortizable Intangible Assets) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 31, 2011

Other [Member]

Dec. 25, 2010

Other [Member]

Dec. 31, 2011

Brands [Member]

Dec. 25, 2010

Brands [Member]

Dec. 31, 2011

Goodwill [Member]

Dec. 25, 2010

Goodwill [Member]

Dec. 31, 2011

Reacquired Franchise Rights [Member]

Dec. 25, 2010

Reacquired Franchise Rights [Member]

Dec. 31, 2011

Acquired Franchise Rights [Member]

Dec. 25, 2010

Acquired Franchise Rights [Member]

Dec. 31, 2011

Discontinued Brands [Member]

WBD [Member]

Dec. 31, 2011

FLNA [Member]

Dec. 25, 2010

FLNA [Member]

Dec. 31, 2011

FLNA [Member]

Brands [Member]

Dec. 25, 2010

FLNA [Member]

Brands [Member]

Dec. 31, 2011

FLNA [Member]

Goodwill [Member]

Dec. 25, 2010

FLNA [Member]

Goodwill [Member]

Dec. 31, 2011

QFNA [Member]

Goodwill [Member]

Dec. 25, 2010

QFNA [Member]

Goodwill [Member]

Dec. 26, 2009

QFNA [Member]

Goodwill [Member]

Dec. 31, 2011

LAF [Member]

Dec. 25, 2010

LAF [Member]

Dec. 31, 2011

LAF [Member]

Brands [Member]

Dec. 25, 2010

LAF [Member]

Brands [Member]

Dec. 31, 2011

LAF [Member]

Goodwill [Member]

Dec. 25, 2010

LAF [Member]

Goodwill [Member]

Dec. 31, 2011

PAB [Member]

Dec. 25, 2010

PAB [Member]

Dec. 31, 2011

PAB [Member]

Other [Member]

Dec. 25, 2010

PAB [Member]

Other [Member]

Dec. 31, 2011

PAB [Member]

Brands [Member]

Dec. 25, 2010

PAB [Member]

Brands [Member]

Dec. 31, 2011

PAB [Member]

Goodwill [Member]

Dec. 25, 2010

PAB [Member]

Goodwill [Member]

Dec. 31, 2011

PAB [Member]

Reacquired Franchise Rights [Member]

Dec. 25, 2010

PAB [Member]

Reacquired Franchise Rights [Member]

Dec. 31, 2011

PAB [Member]

Acquired Franchise Rights [Member]

Dec. 25, 2010

PAB [Member]

Acquired Franchise Rights [Member]

Dec. 31, 2011

Europe [Member]

Dec. 25, 2010

Europe [Member]

Dec. 31, 2011

Europe [Member]

Brands [Member]

Dec. 25, 2010

Europe [Member]

Brands [Member]

Dec. 31, 2011

Europe [Member]

Goodwill [Member]

Dec. 25, 2010

Europe [Member]

Goodwill [Member]

Dec. 31, 2011

Europe [Member]

Reacquired Franchise Rights [Member]

Dec. 25, 2010

Europe [Member]

Reacquired Franchise Rights [Member]

Dec. 31, 2011

Europe [Member]

Acquired Franchise Rights [Member]

Dec. 25, 2010

Europe [Member]

Acquired Franchise Rights [Member]

Dec. 25, 2010

AMEA [Member]

Dec. 31, 2011

AMEA [Member]

Dec. 31, 2011

AMEA [Member]

Brands [Member]

Dec. 25, 2010

AMEA [Member]

Brands [Member]

Dec. 31, 2011

AMEA [Member]

Goodwill [Member]

Dec. 25, 2010

AMEA [Member]

Goodwill [Member]

Balance, Beginning

$ 26,444

$ 8,316

$ 10

$ 1,905

$ 1,782

$ 14,661

$ 6,534

$ 8,076

$ 1,792

$ 344

$ 336

$ 31

$ 30

$ 313

$ 306

$ 175

$ 640

$ 615

$ 143

$ 136

$ 497

$ 479

$ 18,986

^[1]

$ 2,543

^[1]

$ 10

^[1]

$ 182

^[1]

$ 112

^[1]

$ 9,946

^[1]

$ 2,431

^[1]

$ 7,283

^[1]

$ 1,565

^[1]

$ 5,440

^[1],[2]

$ 4,003

^[1],[2]

$ 1,380

^[1],[2]

$ 1,378

^[1],[2]

$ 3,040

^[1],[2]

$ 2,625

^[1],[2]

$ 793

^[1],[2]

$ 227

^[1],[2]

$ 644

$ 859

$ 169

$ 126

$ 690

$ 518

Acquisitions/(Divestitures)

5,616

17,296

(9)

3,114

180

2,435

8,175

8,039

(1)

892

351

331

^[1]

15,441

^[1]

(9)

^[1]

(20)

^[1]

(27)

^[1]

7,476

^[1]

7,229

^[1]

(1)

^[1]

660

^[1]

5,245

^[1],[2]

1,713

^[1],[2]

3,114

^[1],[2]

2,131

^[1],[2]

583

^[1],[2]

810

^[1],[2]

232

^[1],[2]

142

116

Translation and Other

(703)

832

(1)

(316)

(57)

(296)

(48)

(79)

(11)

900

(3)

(1)

(2)

(41)

(6)

(35)

(2)

^[1]

1,002

^[1]

(1)

^[1]

(18)

^[1]

(2)

^[1]

905

^[1],[3]

(657)

^[1],[2]

(276)

^[1],[2]

(316)

^[1],[2]

(86)

^[1],[2]

(271)

^[1],[2]

(168)

^[1],[2]

(61)

^[1],[2]

(17)

^[1],[2]

(9)

^[1],[2]

(5)

^[1],[2]

(1)

Balance, End

31,357

26,444

4,703

1,905

16,800

14,661

8,074

8,076

1,780

1,792

341

344

311

313

175

950

640

157

143

793

497

19,004

^[1]

18,986

^[1]

168

^[1]

182

^[1]

9,932

^[1]

9,946

^[1]

7,342

^[1]

7,283

^[1]

1,562

^[1]

1,565

^[1]

10,028

^[1],[2]

5,440

^[1],[2]

4,178

^[1],[2]

1,380

^[1],[2]

4,900

^[1],[2]

3,040

^[1],[2]

732

^[1],[2]

793

^[1],[2]

218

^[1],[2]

227

^[1],[2]

859

170

169

689

690

Upfront payment to DPSG to manufacture and distribute DPSG products

900

Impairment charge for discontinued brands

$ 14

[1]	Net increases in 2010 relate primarily to our acquisitions of PBG and PAS.
[2]	Net increases in 2011 relate primarily to our acquisition of WBD.
[3]	Includes $900 million related to our upfront payment to DPSG to manufacture and distribute Dr Pepper and certain other DPSG products.

Income Taxes (Narrative) (Details) (USD $)	12 Months Ended
Income Taxes (Narrative) (Details) (USD $)	Dec. 31, 2011	Dec. 25, 2010
Income Tax Contingency [Line Items]
Total gross amount of reserves for income taxes	$ 2,167,000,000
Interest accrued	660,000,000	570,000,000
Interest accrued recognized	90,000,000	135,000,000
Operating loss carryforwards	10,000,000,000
Income tax undistributed international earnings	34,100,000,000
Expire 2012 [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards	100,000,000
Expire 2013-2031 [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards	8,200,000,000
Carried Forward Indefinitely [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 1,700,000,000

The amount as of the balance sheet date of the estimated future tax effects attributable to undistributed earnings of subsidiaries and other recognized entities in countries outside the country of domicile which will increase future taxable income when such earnings are distributed into the country of domicile.

+ References+ Details

This element represents the amount of interest expense accrued as of the date of the statement of financial position for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity.

+ References+ Details

Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]

This element represents interest expense recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity.

+ References+ Details

Income Taxes (Income Taxes) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Income Tax Contingency [Line Items]
Income before income taxes in U.S	$ 3,964	$ 4,008	$ 4,209
Income before income taxes in Foreign	4,870	4,224	3,870
Income before income taxes	8,834	8,232	8,079
Current: U.S. Federal	611	932	1,238
Current: Foreign	882	728	473
Current: State	124	137	124
Provision for income taxes, Current total	1,617	1,797	1,835
Deferred: U.S. Federal	789	78	223
Deferred: Foreign	(88)	18	21
Deferred: State	54	1	21
Provision for income taxes, Deferred total	755	97	265
Provision for income taxes	2,372	1,894	2,100
U.S. Federal statutory tax rate	35.00%	35.00%	35.00%
State income tax, net of U.S. Federal tax benefit	1.30%	1.10%	1.20%
Lower taxes on foreign results	(8.70%)	(9.40%)	(7.90%)
Other, net	(0.80%)	(0.60%)	(2.30%)
Annual tax rate	26.80%	23.00%	26.00%
Investments in noncontrolled affiliates	41	74
Debt guarantee of wholly owned subsidiary	828	828
Property, plant and equipment	2,466	1,984
Intangible assets other than nondeductible goodwill	4,297	3,726
Other	184	647
Gross deferred tax liabilities	7,816	7,259
Net carryforwards	1,373	1,264
Stock-based compensation	429	455
Retiree medical benefits	504	579
Other employee-related benefits	695	527
Pension benefits	545	291
Deductible state tax and interest benefits	339	320
Long-term debt obligations acquired	223	291
Other	822	904
Gross deferred tax assets	4,930	4,631
Valuation allowances	(1,264)	(875)
Deferred tax assets, net	3,666	3,756
Net deferred tax liabilities	4,150	3,503
Prepaid expenses and other current assets	2,277	1,505
Deferred income taxes	4,995	4,057
Balance, beginning of year	875	586	657
Provision/(Benefit)	464	75	(78)
Other (deductions)/additions	(75)	214	7
Balance, end of year	1,264	875	586
PBG And PAS [Member]
Income Tax Contingency [Line Items]
Acquisitions of PBG and PAS		(3.10%)
Deferred Taxes [Member]
Income Tax Contingency [Line Items]
Prepaid expenses and other current assets	$ 845	$ 554

Income Taxes (Reserves Rollforward) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010
Income Taxes [Abstract]
Balance, beginning of year	$ 2,022	$ 1,731
Additions for tax positions related to the current year	233	204
Additions for tax positions from prior years	147	517
Reductions for tax positions from prior years	(46)	(391)
Settlement payments	(156)	(30)
Statute of limitations expiration	(15)	(7)
Translation and other	(18)	(2)
Balance, end of period	$ 2,167	$ 2,022

Stock-Based Compensation (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified

12 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2011

years

Dec. 25, 2010

Dec. 26, 2009

Feb. 26, 2010

years

Feb. 26, 2010

PBG [Member]

Feb. 26, 2010

PAS [Member]

Dec. 31, 2011

Stock-Based Compensation [Member]

Dec. 31, 2011

Beginning in 2012 [Member]

Merger and integration costs included in stock-based compensation

$ 326

$ 299

$ 227

Restructuring charges

383

Unvested acquisition-related grants

Employee service share-based compensation, tax benefit from compensation expense

101

Common stock, capital shares reserved for future issuance

136

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

Stock option exercisable life (in years)

Percent of equity awards granted to Senior Officers as stock options

50.00%

Percent of equity awards granted to Senior Officers as performance-based RSUs

50.00%

60.00%

Percent of equity awards granted to Senior Officers as long-term cash awards

40.00%

Unrecognized compensation cost related to nonvested share-based compensation grants

436

Weighted-average period for recognizing unrecognized compensation (in years)

Total stock-based compensation expense

$ 343

$ 352

$ 227

Weighted-average grant price, stock options

$ 42.89

$ 31.72

Weighted-average grant price, RSUs

$ 63.87

^[1]

$ 65.01

$ 53.22

$ 62.30

Stock options issued

13.4

0.4

RSUs issued

2.7

[1]	Weighted-average intrinsic value at grant date.

Stock-Based Compensation (Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions) (Details)	12 Months Ended
	Dec. 31, 2011 years	Dec. 25, 2010 years	Dec. 26, 2009 years
Stock-Based Compensation [Abstract]
Expected life, in years	6	5	6
Risk-free interest rate	2.50%	2.30%	2.80%
Expected volatility	16.00%	17.00%	17.00%
Expected dividend yield	2.90%	2.80%	3.00%

The period of time an equity-based award is expected to be outstanding. An equity-based award's expected term is generally determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior.

+ References+ Details

The estimated measure of the percentage 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.

+ References+ Details

Stock-Based Compensation (Stock-Based Compensation Activity) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified

12 Months Ended

Dec. 31, 2011

years

Outstanding at December 25, 2010, Options

106,203

^[1]

Granted, Options

7,150

^[1]

Exercised, Options

(19,980)

^[1]

Forfeited/expired, Options

(2,298)

^[1]

Outstanding at December 31, 2011, Options

91,075

^[1]

Exercisable at December 31, 2011, Options

58,708

^[1]

Outstanding Average Price, at December 25, 2010

$ 54.03

^[2]

Granted, Average Price

$ 64.31

^[2]

Exercised, Average Price

$ 47.74

^[2]

Forfeited/expired, Average Price

$ 65.73

^[2]

Outstanding Average Price, at December 31, 2011

$ 55.92

^[2]

Exercisable Average Price, at December 31, 2011

$ 53.86

^[2]

Outstanding Average Life, at December 31, 2011

5.07

^[3]

Exercisable Average Life, at December 31, 2011

4.94

^[3]

Outstanding Aggregate Intrinsic Value, at December 31, 2011

$ 932,748

^[4]

Exercisable Aggregate Intrinsic Value, at December 31, 2011

$ 725,781

^[4]

[1]	Options are in thousands and include options previously granted under PBG, PAS and Quaker legacy plans. No additional options or shares may be granted under the PBG, PAS and Quaker plans.
[2]	Weighted-average exercise price.
[3]	Weighted-average contractual life remaining.
[4]	In thousands.

Stock-Based Compensation (Restricted Stock Units Activity) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

Outstanding RSUs, at December 25, 2010

10,662

^[1]

Granted, RSUs

5,333

^[1],[2]

8,326

^[2]

2,653

^[2]

Converted, RSUs

(2,610)

^[1]

Forfeited/expired, RSUs

(1,045)

^[1]

Outstanding RSUs, at December 31, 2011

12,340

^[1]

10,662

^[1]

Outstanding Average Intrinsic Value, Beginning

$ 63.27

^[3]

Granted, Average Intrinsic Value

$ 63.87

^[3]

$ 65.01

$ 53.22

Converted, Average Intrinsic Value

$ 65.81

^[3]

Forfeited/expired, Average Intrinsic Value

$ 63.71

^[3]

Outstanding Average Intrinsic Value, Ending

$ 62.96

^[3]

$ 63.27

^[3]

Outstanding Average Life, at December 31, 2011, in years

1.57

^[4]

Outstanding Aggregate Intrinsic Value, at December 31, 2011

$ 818,776

^[2]

[1]	RSUs are in thousands and include RSUs previously granted under a PBG plan. No additional RSUs or shares may be granted under the PBG plan.
[2]	In thousands.
[3]	Weighted-average intrinsic value at grant date.
[4]	Weighted-average contractual life remaining.

Stock-Based Compensation (Other Stock-Based Compensation Data) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

Weighted-average fair value of options granted

$ 7.79

$ 13.93

$ 7.02

Total intrinsic value of options exercised

$ 385,678

^[1]

$ 502,354

^[1]

$ 194,545

^[1]

Total number of RSUs granted

5,333

^[1],[2]

8,326

^[1]

2,653

^[1]

Weighted-average intrinsic value of RSUs granted

$ 63.87

^[3]

$ 65.01

$ 53.22

Total intrinsic value of RSUs converted

$ 173,433

^[1]

$ 202,717

^[1]

$ 124,193

^[1]

[1]	In thousands.
[2]	RSUs are in thousands and include RSUs previously granted under a PBG plan. No additional RSUs or shares may be granted under the PBG plan.
[3]	Weighted-average intrinsic value at grant date.

The intrinsic value of equity-based payment equity instruments, excluding stock or unit options, granted during the reporting period as calculated by applying the disclosed option pricing methodology.

+ References+ Details

Pension, Retiree Medical And Savings Plans (Narrative) (Details) (USD $)	12 Months Ended	3 Months Ended	12 Months Ended
	Dec. 31, 2011 years	Sep. 04, 2010 Retiree Medical Plan [Member]	Dec. 31, 2011 U.S. Equity Allocations [Member]	Dec. 31, 2011 International Equity Allocation [Member]	Dec. 31, 2011 Fixed Income Allocations [Member]	Dec. 31, 2011 2020 And Thereafter [Member]	Dec. 31, 2011 U.S. Savings Plan [Member]	Dec. 25, 2010 U.S. Savings Plan [Member]	Dec. 31, 2011 2012 [Member]	Dec. 31, 2011 2012 [Member] U.S. Equity Allocations [Member]	Dec. 31, 2011 2012 [Member] International Equity Allocation [Member]	Dec. 31, 2011 2012 [Member] Fixed Income Allocations [Member]	Dec. 25, 2010 Discretionary [Member] 2012 [Member]	Dec. 24, 2011 Non-Discretionary [Member]	Dec. 25, 2010 Non-Discretionary [Member]	Dec. 31, 2011 Real Estate [Member] 2012 [Member]
Defined Benefit Plan Disclosure [Line Items]
Lower limit of net accumulated gain or loss	10.00%
Average remaining service period of active plan participants for pension expense, years	10
Average remaining service period of active plan participants for retiree medical expense, years	8
Unfunded plans included in total projected benefit liability	$ 787,000,000
Pension contributions									1,300,000,000
Discretionary, pension contributions									1,000,000,000
Expected long-term rate of return on U.S. plan assets	7.80%
Target investment allocation, for fixed income allocations					40.00%							40.00%
Pension strategy investment term, years	5
Contribution retiree medical plan	124,000,000						144,000,000	135,000,000					170,000,000	110,000,000	100,000,000
Average increase in the cost of covered retiree medical benefits	7.00%
Pre-tax curtailment gain		$ 62,000,000
Target investment allocation			40.00%	20.00%						33.00%	22.00%
Average increase is then projected to decline						5.00%
Target investment allocation, Real estate																5.00%

Pension, Retiree Medical And Savings Plans (Selected Financial Information For Pension And Retiree Medical Plans) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability at beginning of year	$ 9,851	$ 6,606
Acquisitions/(divestitures)	11	2,161
Service cost	350	299	238
Interest cost	547	506	373
Plan amendments	21	28
Experience loss/(gain)	1,484	583
Settlement/curtailment gain	(20)	(2)
Special termination benefits	71	45
Liability at end of year	11,901	9,851	6,606
Fair value at beginning of year	8,870	5,420
Acquisitions/(divestitures)	11	1,633
Actual return on plan assets	542	943
Employer contributions/funding	63	1,249
Benefit payments	(414)	(375)
Fair value at end of year	9,072	8,870	5,420
Funded status	(2,829)	(981)
Other assets		47
Other current liabilities	(91)	(54)
Other liabilities	(2,738)	(974)
Net amount recognized	(2,829)	(981)
Net loss	4,217	2,726
Prior service cost/(credit)	122	117
Total	4,339	2,843
Change in discount rate	1,710	556
Employee-related assumption changes	(140)	4
Liability-related experience different from assumptions	(85)	43
Actual asset return different from expected return	162	(300)
Amortization of losses	(147)	(119)
Other, including foreign currency adjustments	(9)	(21)
Total	1,491	163
Liability at end of year for service to date	11,205	9,163
International [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability at beginning of year	2,142	1,709
Acquisitions/(divestitures)	(63)	90
Service cost	95	81	54
Interest cost	117	106	82
Plan amendments	(16)
Participant contributions	3	3
Experience loss/(gain)	224	213
Settlement/curtailment gain	(15)	(3)
Special termination benefits	1	3
Foreign currency adjustment	(41)	(18)
Other	3	27
Liability at end of year	2,381	2,142	1,709
Fair value at beginning of year	1,896	1,561
Acquisitions/(divestitures)	(1)	52
Actual return on plan assets	79	164
Employer contributions/funding	176	215
Participant contributions	3	3
Benefit payments	(69)	(69)
Settlement	(30)	(2)
Foreign currency adjustment	(23)	(28)
Fair value at end of year	2,031	1,896	1,561
Funded status	(350)	(246)
Other assets	55	66
Other current liabilities	(1)	(10)
Other liabilities	(404)	(302)
Net amount recognized	(350)	(246)
Net loss	977	767
Prior service cost/(credit)	(2)	17
Total	975	784
Change in discount rate	302	213
Employee-related assumption changes	(51)	(4)
Liability-related experience different from assumptions	(27)	5
Actual asset return different from expected return	57	(41)
Amortization of losses	(55)	(24)
Other, including foreign currency adjustments	(16)	(7)
Total	210	142
Liability at end of year for service to date	1,921	1,743
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability at beginning of year	1,770	1,359
Acquisitions/(divestitures)		396
Service cost	51	54	44
Interest cost	88	93	82
Plan amendments	3	(132)
Experience loss/(gain)	(239)	95
Special termination benefits	1	3
Foreign currency adjustment	(1)	2
Liability at end of year	1,563	1,770	1,359
Fair value at beginning of year	190	13
Actual return on plan assets		7
Employer contributions/funding	110	270
Benefit payments	(110)	(100)
Fair value at end of year	190	190	13
Funded status	(1,373)	(1,580)
Other current liabilities	(124)	(145)
Other liabilities	(1,249)	(1,435)
Net amount recognized	(1,373)	(1,580)
Net loss	32	270
Prior service cost/(credit)	(118)	(150)
Total	(86)	120
Change in discount rate	115	101
Employee-related assumption changes	(125)	8
Liability-related experience different from assumptions	(210)	(22)
Actual asset return different from expected return	14	(6)
Amortization of losses	(12)	(9)
Other, including foreign currency adjustments	(20)	8
Total	$ (238)	$ 80

Pension, Retiree Medical And Savings Plans (Components Of Benefit Expense) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 350	$ 299	$ 238
Interest cost	547	506	373
Expected return on plan assets	(704)	(643)	(462)
Amortization of prior service cost/(credit)	14	12	12
Amortization of net loss	145	119	110
Gross total	352	293	271
Settlement/curtailment (gain)/loss	(8)	(2)	(13)
Special termination benefits	71	45
Total	415	336	258
International [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	95	81	54
Interest cost	117	106	82
Expected return on plan assets	(136)	(123)	(105)
Amortization of prior service cost/(credit)	2	2	2
Amortization of net loss	40	24	9
Gross total	118	90	42
Settlement/curtailment (gain)/loss	30	1	3
Special termination benefits	1	3
Total	149	94	45
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	51	54	44
Interest cost	88	93	82
Expected return on plan assets	(14)	(1)
Amortization of prior service cost/(credit)	(28)	(22)	(17)
Amortization of net loss	12	9	11
Gross total	109	133	120
Settlement/curtailment (gain)/loss		(62)
Special termination benefits	1	3
Total	$ 110	$ 74	$ 120

Pension, Retiree Medical And Savings Plans (Estimated Amounts To Be Amortized From Accumulated Other Comprehensive Loss Into Benefit Expense In 2012 For Pension And Retiree Medical Plans) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Net loss	$ 259
Prior service cost/(credit)	17
Total	276
International [Member]
Defined Benefit Plan Disclosure [Line Items]
Net loss	52
Prior service cost/(credit)	1
Total	53
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service cost/(credit)	(26)
Total	$ (26)

The amounts in accumulated other comprehensive income related to gains and losses that are not recognized immediately and are expected to be recognized as components of net periodic benefit cost over the next fiscal year that follows the most recent annual statement of financial position presented.

+ References+ Details

The amounts in accumulated other comprehensive income related to prior service cost or credit expected to be recognized as components of net periodic benefit cost over the next fiscal year that follows the most recent annual statement of financial position presented.

+ References+ Details

The aggregate amount in accumulated other comprehensive income expected to be recognized as a component of net periodic benefit cost over the fiscal year that follows the most recent annual statement of financial position presented, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

+ References+ Details

Pension, Retiree Medical And Savings Plans (Weighted-Average Assumptions To Determine Projected Benefit Liability And Benefit Expense For Pension And Retiree Medical Plans) (Details)	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability discount rate	4.60%	5.70%	6.10%
Expense discount rate	5.70%	6.00%	6.20%
Expected return on plan assets	7.80%	7.80%	7.80%
Liability rate of salary increases	3.70%	4.10%	4.40%
Expense rate of salary increases	4.10%	4.40%	4.40%
International [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability discount rate	4.80%	5.50%	5.90%
Expense discount rate	5.50%	6.00%	6.30%
Expected return on plan assets	6.70%	7.10%	7.10%
Liability rate of salary increases	4.10%	4.10%	4.10%
Expense rate of salary increases	4.10%	4.10%	4.20%
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability discount rate	4.40%	5.20%	6.10%
Expense discount rate	5.20%	5.80%	6.20%
Expected return on plan assets	7.80%	7.80%

Pension, Retiree Medical And Savings Plans (Selected Information About Plans With Liability For Service To Date And Total Benefit Liability In Excess Of Plan Assets) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 25, 2010
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability for service to date	$ (11,205)	$ (525)
Fair value of plan assets	9,072
Benefit liability	(11,901)	(5,806)
Fair value of plan assets	9,072	4,778
International [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability for service to date	(471)	(610)
Fair value of plan assets	344	474
Benefit liability	(2,191)	(1,949)
Fair value of plan assets	1,786	1,638
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit liability	(1,563)	(1,770)
Fair value of plan assets	$ 190	$ 190

If aggregate disclosures are presented, the aggregate pension accumulated benefit obligation for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented.

+ References+ Details

If aggregate disclosures are presented, the aggregate fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented.

+ References+ Details

Pension, Retiree Medical And Savings Plans (Estimated Future Benefit Payments) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Pension [Member]

$ 560

560

560

600

645

4,050

Retiree Medical Plan [Member]

2012

135

^[1]

2013

135

^[1]

2014

140

^[1]

2015

145

^[1]

2016

145

^[1]

2017-21

730

^[1]

2012 Through 2016 [Member]

Subsidies expected to be received under the 2003 Medicare Act

2017 Through 2021 [Member]

Subsidies expected to be received under the 2003 Medicare Act

$ 100

[1]

Pension, Retiree Medical And Savings Plans (Categorized Plan Assets Measured At Fair Value) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

U.S. Plan Assets [Member]

Dec. 25, 2010

U.S. Plan Assets [Member]

Dec. 31, 2011

International Plan Assets [Member]

Dec. 25, 2010

International Plan Assets [Member]

Dec. 31, 2011

Retiree Medical Plan [Member]

Dec. 25, 2010

Retiree Medical Plan [Member]

Dec. 26, 2009

Retiree Medical Plan [Member]

Dec. 31, 2011

Preferred Stock [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Preferred Stock [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Level 2 [Member]

Preferred Stock [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

U.S. Common Stock [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

U.S. Common Stock [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

U.S. Common Stock [Member]

Level 1 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

U.S. Commingled Funds [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

U.S. Commingled Funds [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

U.S. Commingled Funds [Member]

International Plan Assets [Member]

Dec. 25, 2010

U.S. Commingled Funds [Member]

International Plan Assets [Member]

Dec. 31, 2011

U.S. Commingled Funds [Member]

Level 2 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

U.S. Commingled Funds [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

International Common Stock [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

International Common Stock [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

International Common Stock [Member]

Level 1 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

International Commingled Fund [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

International Commingled Fund [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

International Commingled Fund [Member]

International Plan Assets [Member]

Dec. 25, 2010

International Commingled Fund [Member]

International Plan Assets [Member]

Dec. 31, 2011

International Commingled Fund [Member]

Level 2 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

International Commingled Fund [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Government Securities [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Government Securities [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Government Securities [Member]

International Plan Assets [Member]

Dec. 25, 2010

Government Securities [Member]

International Plan Assets [Member]

Dec. 31, 2011

Government Securities [Member]

Level 2 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Government Securities [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Corporate Bonds [Member]

Dec. 25, 2010

Corporate Bonds [Member]

Dec. 31, 2011

Corporate Bonds [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Corporate Bonds [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Corporate Bonds [Member]

International Plan Assets [Member]

Dec. 25, 2010

Corporate Bonds [Member]

International Plan Assets [Member]

Dec. 31, 2011

Corporate Bonds [Member]

Level 2 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Corporate Bonds [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Mortgage-Backed Securities [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Mortgage-Backed Securities [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Mortgage-Backed Securities [Member]

Level 2 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Contracts With Insurance Companies [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Contracts With Insurance Companies [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Contracts With Insurance Companies [Member]

International Plan Assets [Member]

Dec. 25, 2010

Contracts With Insurance Companies [Member]

International Plan Assets [Member]

Dec. 31, 2011

Contracts With Insurance Companies [Member]

Level 3 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Contracts With Insurance Companies [Member]

Level 3 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Cash And Cash Equivalents [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Cash And Cash Equivalents [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Cash And Cash Equivalents [Member]

International Plan Assets [Member]

Dec. 25, 2010

Cash And Cash Equivalents [Member]

International Plan Assets [Member]

Dec. 31, 2011

Cash And Cash Equivalents [Member]

Level 1 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Cash And Cash Equivalents [Member]

Level 1 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Sub-Total U.S. Plan Assets [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Sub-Total U.S. Plan Assets [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Sub-Total U.S. Plan Assets [Member]

Level 1 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Sub-Total U.S. Plan Assets [Member]

Level 2 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Sub-Total U.S. Plan Assets [Member]

Level 3 [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Fixed Income Commingled Funds [Member]

International Plan Assets [Member]

Dec. 25, 2010

Fixed Income Commingled Funds [Member]

International Plan Assets [Member]

Dec. 31, 2011

Fixed Income Commingled Funds [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Currency Commingled Funds [Member]

International Plan Assets [Member]

Dec. 25, 2010

Currency Commingled Funds [Member]

International Plan Assets [Member]

Dec. 31, 2011

Currency Commingled Funds [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Other Commingled Fund [Member]

International Plan Assets [Member]

Dec. 31, 2011

Other Commingled Fund [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Sub-Total International Plan Assets [Member]

International Plan Assets [Member]

Dec. 25, 2010

Sub-Total International Plan Assets [Member]

International Plan Assets [Member]

Dec. 31, 2011

Sub-Total International Plan Assets [Member]

Level 1 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Sub-Total International Plan Assets [Member]

Level 2 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Sub-Total International Plan Assets [Member]

Level 3 [Member]

International Plan Assets [Member]

Dec. 31, 2011

Dividends And Interest Receivable [Member]

U.S. Plan Assets [Member]

Dec. 25, 2010

Dividends And Interest Receivable [Member]

U.S. Plan Assets [Member]

Dec. 31, 2011

Dividends And Interest Receivable [Member]

International Plan Assets [Member]

Dec. 25, 2010

Dividends And Interest Receivable [Member]

International Plan Assets [Member]

Dec. 31, 2011

Large-Cap Fund(s) In U.S. Commingled Funds [Member]

Dec. 25, 2010

Large-Cap Fund(s) In U.S. Commingled Funds [Member]

Representation of one fund in total U.S. plan assets

24.00%

22.00%

30.00%

32.00%

Fair value of plan assets

$ 9,262

$ 9,060

$ 2,031

$ 1,896

$ 190

$ 13

$ 19

^[1]

$ 4

^[1]

$ 19

^[1]

$ 514

^[2]

$ 304

^[2]

$ 514

^[2]

$ 3,003

^[3]

$ 3,426

^[3]

$ 246

^[3]

$ 193

^[3]

$ 3,003

^[3]

$ 246

^[3]

$ 1,089

^[2]

$ 834

^[2]

$ 1,089

^[2]

$ 776

^[4]

$ 992

^[4]

$ 729

^[4]

$ 779

^[4]

$ 776

^[4]

$ 729

^[4]

$ 1,032

^[1]

$ 950

^[1]

$ 171

^[1]

$ 184

^[1]

$ 1,032

^[1]

$ 171

^[1]

$ 2,653

^[1],[5]

$ 2,374

^[1],[5]

$ 196

^[1]

$ 152

^[1]

$ 2,653

^[1],[5]

$ 196

^[1]

$ 24

^[1]

$ 20

^[1]

$ 24

^[1]

$ 24

^[6]

$ 28

^[6]

$ 30

^[6]

$ 28

^[6]

$ 24

^[6]

$ 30

^[6]

$ 78

$ 81

$ 16

$ 120

$ 78

$ 16

$ 9,212

$ 9,013

$ 1,681

$ 7,507

$ 24

$ 530

^[7]

$ 393

^[7]

$ 530

^[7]

$ 52

^[8]

$ 42

^[8]

$ 52

^[8]

$ 56

^[9]

$ 56

^[9]

$ 2,026

$ 1,891

$ 16

$ 1,980

$ 30

$ 50

$ 47

$ 5

Retiree medical plan assets

$ 190

[1]	Based on quoted bid prices for comparable securities in the marketplace and broker/dealer quotes that are not observable.
[2]	Based on quoted market prices in active markets.
[3]	Based on the fair value of the investments owned by these funds that track various U.S. large, mid-cap and small company indices. Includes one large-cap fund that represents 30% and 32%, respectively, of total U.S. plan assets for 2011 and 2010.
[4]	Based on the fair value of the investments owned by these funds that track various non-U.S. equity indices.
[5]	Corporate bonds of U.S.-based companies represent 24% and 22%, respectively, of total U.S. plan assets for 2011 and 2010.
[6]	Based on the fair value of the contracts as determined by the insurance companies using inputs that are not observable.
[7]	Based on the fair value of the investments owned by these funds that track various government and corporate bond indices.
[8]	Based on the fair value of the investments owned by these funds. Includes managed hedge funds that invest primarily in derivatives to reduce currency exposure.
[9]	Based on the fair value of the investments owned by this fund that tracks various indices.

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 non-benefit obligations may be considered as reductions of plan assets.

+ References+ Details

Pension, Retiree Medical And Savings Plans (Effects Of 1-Percentage-Point Change In The Assumed Health Care Trend Rate) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Pension, Retiree Medical And Savings Plans [Abstract]
One percent increase in 2011 service and interest cost components	$ 4
One percent decrease in 2011 service and interest cost components	(4)
One percent increase in 2011 benefit liability	39
One percent decrease in 2011 benefit liability	$ (29)

Related Party Transactions (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 25, 2010	Dec. 26, 2009
PBG [Member]
Related Party Transaction [Line Items]
Percentage of total revenue from noncontrolling interest	1.00%	6.00%
Trust For Benefit Of Employees [Member]
Related Party Transaction [Line Items]
Share repurchases (in millions of dollars)	$ 357
Share repurchases (in millions of shares)	5.5

Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.

+ References+ Details

Related Party Transactions (Summary Of Noncontrolled Affiliates Income Statements) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Related Party Transaction [Line Items]
Net revenue	$ 66,504	$ 57,838	$ 43,232
Operating income	9,633	8,332	8,044
PBG [Member]
Related Party Transaction [Line Items]
Net revenue			13,219
Gross profit			5,840
Operating income			1,048
Net income attributable to parent			612
PAS [Member]
Related Party Transaction [Line Items]
Net revenue			4,421
Gross profit			1,767
Operating income			381
Net income attributable to parent			$ 181

Related Party Transactions (Related Party Transactions Reflected In Consolidated Financial Statements) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

Selling, general and administrative expenses

$ 66,504

$ 57,838

$ 43,232

Cost of sales

31,593

26,575

20,099

25,145

22,814

15,026

Accounts and notes receivable

6,912

6,323

Accounts payable and other liabilities

11,757

10,923

Related Party Transactions [Member]

Selling, general and administrative expenses

993

^[1]

3,922

Cost of sales

116

^[1]

634

^[1]

Accounts and notes receivable

^[1]

Accounts payable and other liabilities

$ 42

^[1]

[1]	Includes transactions with PBG and PAS in 2010 prior to the date of acquisition. 2010 balance sheet information for PBG and PAS is not applicable as we consolidated their balance sheets at the date of acquisition.

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.

+ References+ Details

Debt Obligations And Commitments (Narrative) (Details) (USD $)	3 Months Ended		3 Months Ended				3 Months Ended
	Sep. 03, 2011	Dec. 31, 2011 International Divisions [Member]	Jun. 11, 2011 LIBOR Plus 8 Basis Points [Member]	Jun. 11, 2011 2.500% Senior Notes [Member]	Sep. 03, 2011 0.800% Senior Notes [Member]	Sep. 03, 2011 3.000% Senior Notes [Member]	Sep. 03, 2011 Four-Year Credit Agreement [Member]	Sep. 03, 2011 364-Day Credit Agreement [Member]	Sep. 03, 2011 PBG Credit Facility [Member]
Debt Instrument [Line Items]
Fixed and floating rate notes issued			$ 750,000,000	$ 1,000,000,000	$ 500,000,000	$ 750,000,000
Debt instrument interest rate description			three-month London Inter-Bank Offered Rate (LIBOR) plus 8 basis points
Interest rate on debt				2.50%	0.80%	3.00%
Debt instrument maturity year			2013	2016	2014	2021
Unsecured revolving credit facility							2,925,000,000	2,925,000,000
Line of credit facility replaced	2,000,000,000							2,575,000,000	1,080,000,000
Line of credit facility increase additional borrowing capacity							3,500,000,000	3,500,000,000
Line of credit facility, expiration date							June 2015	June 2012
Payment of tender offer	784,000,000
Aggregate principal amount of debt repurchased	766,000,000
Loss on repurchase of debt recorded in interest expense	16,000,000
Outstanding amount of debt related to borrowings		$ 848,000,000

Debt Obligations And Commitments (Schedule Of Long And Short-Term Debt Contractual Commitments) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 25, 2010
Debt Instrument [Line Items]
Short-term debt obligations	$ 6,205	$ 4,898
Long-term debt obligations gross	23,117	21,625
Total	20,568	19,999
Current Maturities Of Long-Term Debt [Member]
Debt Instrument [Line Items]
Current maturities of long-term debt	2,549	1,626
Less: current maturities of long-term debt obligations	(2,549)	(1,626)
Commercial Paper (0.1% And 0.2%) [Member]
Debt Instrument [Line Items]
Commercial paper (0.1% and 0.2%)	2,973	2,632
Interest rate on debt	0.10%	0.20%
Other Borrowings (7.6% And 5.3%) [Member]
Debt Instrument [Line Items]
Other borrowings (7.6% and 5.3%)	683	640
Interest rate on debt	7.60%	5.30%
Notes Due 2011(4.4%) [Member]
Debt Instrument [Line Items]
Notes due		1,513
Interest rate on debt		4.40%
Notes Due 2012 (3.0% And 3.1%) [Member]
Debt Instrument [Line Items]
Notes due	2,353	2,437
Interest rate on debt	3.00%	3.10%
Notes Due 2013 (2.3% And 3.0%) [Member]
Debt Instrument [Line Items]
Notes due	2,841	2,110
Interest rate on debt	2.30%	3.00%
Notes Due 2014 (4.6% And 5.3%) [Member]
Debt Instrument [Line Items]
Notes due	3,335	2,888
Interest rate on debt	4.60%	5.30%
Notes Due 2015 (2.3% And 2.6%) [Member]
Debt Instrument [Line Items]
Notes due	1,632	1,617
Interest rate on debt	2.30%	2.60%
Notes Due 2016 (3.9% And 5.5%) [Member]
Debt Instrument [Line Items]
Notes due	1,876	875
Interest rate on debt	3.90%	5.50%
Notes Due 2017-2040 (4.8% And 4.9%) [Member]
Debt Instrument [Line Items]
Notes due	10,806	9,953
Interest rate on debt	4.80%	4.90%
Other, Due 2012-2020 (9.9% And 9.8%) [Member]
Debt Instrument [Line Items]
Interest rate on debt	9.90%	9.80%
Other Notes due	$ 274	$ 232

Debt Obligations And Commitments (Long-Term Contractual Commitments) (Details) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2011

$ 33,961

^[1]

PBG And PAS Acquisition [Member]

Long-term debt obligations, 2012

2,549

Fair value step-up of debt acquired in connection with our acquisitions of PBG and PAS

470

Increase decrease in carrying value of debt in interest rate fair value hedge

360

Long-Term Debt Obligations [Member]

Long-term debt obligations

19,738

^[1],[2]

Interest On Debt Obligations [Member]

7,445

^[1],[3]

Operating Leases [Member]

1,825

^[1]

Purchasing Commitments [Member]

Purchasing commitments

2,434

^[1]

Marketing Commitments [Member]

2,519

^[1]

Payments Due By Period 2012 [Member]

2,628

^[1]

Payments Due By Period 2012 [Member] | Interest On Debt Obligations [Member]

852

^[1],[3]

Payments Due By Period 2012 [Member] | Operating Leases [Member]

423

^[1]

Payments Due By Period 2012 [Member] | Purchasing Commitments [Member]

Purchasing commitments, 2012

1,113

^[1]

Payments Due By Period 2012 [Member] | Marketing Commitments [Member]

240

^[1]

Payments Due By Period 2013-2014 [Member]

9,622

^[1]

Payments Due By Period 2013-2014 [Member] | Long-Term Debt Obligations [Member]

Long-term debt obligations, 2013-2014

6,084

^[1],[2]

Payments Due By Period 2013-2014 [Member] | Interest On Debt Obligations [Member]

1,394

^[1],[3]

Payments Due By Period 2013-2014 [Member] | Operating Leases [Member]

598

^[1]

Payments Due By Period 2013-2014 [Member] | Purchasing Commitments [Member]

Purchasing commitments, 2013-2014

957

^[1]

Payments Due By Period 2013-2014 [Member] | Marketing Commitments [Member]

589

^[1]

Payments Due By Period 2015-2016 [Member]

5,716

^[1]

Payments Due By Period 2015-2016 [Member] | Long-Term Debt Obligations [Member]

Long-term debt obligations, 2015-2016

3,451

^[1],[2]

Payments Due By Period 2015-2016 [Member] | Interest On Debt Obligations [Member]

1,091

^[1],[3]

Payments Due By Period 2015-2016 [Member] | Operating Leases [Member]

337

^[1]

Payments Due By Period 2015-2016 [Member] | Purchasing Commitments [Member]

Purchasing commitments, 2015-2016

302

^[1]

Payments Due By Period 2015-2016 [Member] | Marketing Commitments [Member]

535

^[1]

Payments Due By Period 2017 And Beyond [Member]

15,995

^[1]

Payments Due By Period 2017 And Beyond [Member] | Long-Term Debt Obligations [Member]

Long-term debt obligations, 2017 and beyond

10,203

^[1],[2]

Payments Due By Period 2017 And Beyond [Member] | Interest On Debt Obligations [Member]

4,108

^[1],[3]

Payments Due By Period 2017 And Beyond [Member] | Operating Leases [Member]

467

^[1]

Payments Due By Period 2017 And Beyond [Member] | Purchasing Commitments [Member]

Purchasing commitments, 2017 and beyond

^[1]

Payments Due By Period 2017 And Beyond [Member] | Marketing Commitments [Member]

$ 1,155

^[1]

[1]	Reflects non-cancelable commitments as of December 31, 2011 based on year-end foreign exchange rates and excludes any reserves for uncertain tax positions as we are unable to reasonably predict the ultimate amount or timing of settlement.
[2]	Excludes $2,549 million related to current maturities of long-term debt, $470 million related to the fair value step-up of debt acquired in connection with our acquisitions of PBG and PAS and $360 million related to the increase in carrying value of long-term debt representing the gains on our fair value interest rate swaps.
[3]	Interest payments on floating-rate debt are estimated using interest rates effective as of December 31, 2011.

Financial Instruments (Narrative) (Details) (USD $)	12 Months Ended
Financial Instruments (Narrative) (Details) (USD $)	Dec. 31, 2011	Dec. 25, 2010
Derivatives, Fair Value [Line Items]
Percentage of revenue from outside operations, net	50.00%
Specified percentage of revenue from total outside operations, net	23.00%
Debt instrument, fair value	$ 29,800,000,000	$ 25,900,000,000
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Expected reclassification of net gains (losses) related to hedge from accumulated OCI into net income within the next 12 months	20,000,000
Foreign currency derivatives at face value, net	2,300,000,000	1,700,000,000
Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Expected reclassification of net gains (losses) related to hedge from accumulated OCI into net income within the next 12 months	(16,000,000)
Notional amount of interest rate derivatives	8,330,000,000	9,230,000,000
Percentage of total debt, net of related interest rate derivatives, exposed to variable interest rates	38.00%	43.00%
Commodity Contracts [Member]
Derivatives, Fair Value [Line Items]
Expected reclassification of net gains (losses) related to hedge from accumulated OCI into net income within the next 12 months	(59,000,000)
Face value of open commodity derivative contracts qualifying for hedging	598,000,000	590,000,000
Derivative asset not designated as hedging instrument, face value	$ 630,000,000	$ 266,000,000

Financial Instruments (Fair Values Of Financial Assets And Liabilities) (Details) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2011

Dec. 25, 2010

Available-for-sale securities

$ 59

^[1],[2]

$ 636

^[1],[2]

Short-term investments - index funds, at fair value

157

^[1],[3]

167

^[1],[3]

Prepaid forward contracts

^[1],[4]

Deferred compensation

519

^[1],[5]

559

^[1],[5]

Total asset derivatives at fair value

462

^[1]

398

^[1]

Total liability derivatives at fair value

375

^[1]

114

^[1]

Total Financial Assets at Fair Value

718

^[1]

1,249

^[1]

Total Financial Liabilities at Fair Value

894

^[1]

673

^[1]

Derivatives Designated As Fair Value Hedging Instruments Assets [Member]

300

^[1],[6]

276

^[1],[6]

Derivatives Designated As Fair Value Hedging Instruments Liabilities [Member]

^[1],[6]

Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]

^[1],[7]

^[1],[6]

^[1],[8]

Derivatives designated as hedging instruments, Assets, Total

^[1],[9]

^[1]

Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]

^[1],[7]

^[1],[6]

^[1],[8]

Derivatives designated as hedging instruments, Liabilities, Total

^[1],[9]

152

^[1]

Derivatives Not Designated As Hedging Instruments Assets [Member]

^[1],[7]

107

^[1],[6]

^[1],[8]

Derivatives not designated as hedging instruments, Assets, Total

^[1],[9]

134

^[1]

Derivatives Not Designated As Hedging Instruments Liabilities [Member]

^[1],[7]

141

^[1],[6]

^[1],[8]

Derivatives not designated as hedging instruments, Liabilities, Total

^[1],[9]

223

^[1]

Level 1 Fair Values Of Assets And Liabilities [Member]

Deferred compensation

$ 44

$ 170

[1]	Financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets, with the exception of available-for-sale securities and short-term investments, which are classified as short-term investments. Financial liabilities are classified on our balance sheet within accounts payable and other current liabilities and other liabilities. Unless specifically indicated, all financial assets and liabilities are categorized as Level 2 assets or liabilities.
[2]	Based on the price of common stock. Categorized as a Level 1 asset.
[3]	Based on price changes in index funds used to manage a portion of market risk arising from our deferred compensation liability. Categorized as a Level 1 asset.
[4]	Based primarily on the price of our common stock.
[5]	Based on the fair value of investments corresponding to employees' investment elections. As of December 31, 2011 and December 25, 2010, $44 million and $170 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.
[6]	Based on LIBOR and recently reported transactions in the marketplace.
[7]	Based on observable market transactions of spot and forward rates.
[8]	Based on recently reported transactions in the marketplace, primarily swap arrangements.
[9]	Based on average prices on futures exchanges. Categorized as a Level 1 asset or liability.

Financial Instruments (Effective Portion Of Pre-Tax (Gains)/Losses On Derivative Instruments) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Fair Value/Non-Designated Hedges [Member]

$ (74)

^[1]

$ (128)

^[1]

Cash Flow Hedges [Member]

(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss

126

Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement

^[2]

Forward Exchange Contracts [Member] | Fair Value/Non-Designated Hedges [Member]

^[1]

Forward Exchange Contracts [Member] | Cash Flow Hedges [Member]

(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss

(9)

Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement

^[2]

Interest Rate Contracts [Member] | Fair Value/Non-Designated Hedges [Member]

(113)

^[1]

(104)

^[1]

Interest Rate Contracts [Member] | Cash Flow Hedges [Member]

(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss

Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement

^[2]

Commodity Contracts [Member] | Fair Value/Non-Designated Hedges [Member]

^[1]

(30)

^[1]

Commodity Contracts [Member] | Cash Flow Hedges [Member]

(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss

(32)

Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement

$ (36)

^[2]

$ 28

^[2]

[1]	Interest rate derivative gains are primarily from fair value hedges and are included in interest expense. These gains are substantially offset by increases in the value of the underlying debt, which is also included in interest expense. All other gains/losses are from non-designated hedges and are included in corporate unallocated expenses.
[2]	Interest rate derivative losses are included in interest expense. All other gains/losses are primarily included in cost of sales.

The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments.

+ References+ Details

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.

+ References+ Details

Net Income Attributable To PepsiCo Per Common Share (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Net Income Attributable To PepsiCo Per Common Share [Abstract]
Out-of-the-money options excluded from earnings per share	25.9	24.4	39.0
Out-of-the-money options average exercise price	$ 66.99	$ 67.26	$ 61.52

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

Net Income Attributable To PepsiCo Per Common Share [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 13, 14

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 171

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Diluted Earnings Per Share

-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Contingent Stock Agreement

-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Antidilution

-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

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

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

Net income available for PepsiCo common shareholders - Value

$ 6,443

$ 6,320

$ 5,946

Dividends

(1)

Redemption premium

(6)

(5)

6,436

6,314

5,940

Net income available for PepsiCo common stockholders - Shares

1,576

^[1]

1,590

^[1]

1,558

^[1]

Basic net income attributable to PepsiCo per common share

$ 4.08

$ 3.97

$ 3.81

Stock options and RSUs - Shares

^[1]

ESOP convertible preferred stock - Value

ESOP convertible preferred stock - Shares

^[1]

Diluted shares - Value

$ 6,443

$ 6,320

$ 5,946

Diluted shares - Shares

1,597

^[1]

1,614

^[1]

1,577

^[1]

Diluted net income attributable to PepsiCo per common share

$ 4.03

$ 3.91

$ 3.77

[1]	Weighted-average common shares outstanding (in millions).

Preferred Stock (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010
Class of Stock [Line Items]
Preferred shares, issued	803,953	803,953
Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, authorized	3,000,000	3,000,000
ESOP [Member]
Class of Stock [Line Items]
Preferred stock, dividends per share	$ 5.46
Preferred shares, outstanding	206,653	227,653
Outstanding preferred shares, fair value	$ 68	$ 74
Preferred stock convertible at the option of the holder	4.9625
Preferred stock call price	$ 78

Balance, beginning of year (in shares)

Number of shares issued for each share of convertible preferred stock that is converted.

+ References+ Details

Preferred Stock (Schedule Of Preferred Stock) (Details) (USD $)
In Millions, except Share data, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

Class of Stock [Line Items]

Preferred stock, shares

803,953

Balance, end of year

$ 20,899

$ 21,476

$ 17,442

Preferred Stock [Member]

Class of Stock [Line Items]

Preferred stock, shares

800,000

^[1]

800,000

^[1]

800,000

^[1]

Preferred stock, value

Repurchased Preferred Stock [Member]

Class of Stock [Line Items]

600,000

^[1]

600,000

^[1]

500,000

^[1]

Balance, beginning of year

150

145

138

Redemptions (in shares)

100,000

^[1]

Balance, end of year (in shares)

600,000

^[1]

600,000

^[1]

600,000

^[1]

Balance, end of year

$ 157

$ 150

$ 145

[1]	In millions.

Accumulated Other Comprehensive Loss Attributable To Pepsico [Abstract]

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.

+ References+ Details

Accumulated Other Comprehensive Loss Attributable To Pepsico (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

Other comprehensive income/(loss) attributable to PepsiCo

$ (2,599)

$ 164

$ 900

Cash flow hedges, net of tax

(2,688)

(1,159)

(1,471)

(169)

^[1]

(100)

^[1]

(42)

^[1]

Unamortized pension and retiree medical, net of tax

(3,419)

^[2]

(2,442)

^[2]

(2,328)

^[2]

Unrealized gain on securities, net of tax

Accumulated other comprehensive loss attributable to PepsiCo

(15)

(6,229)

(3,630)

(3,794)

After tax gain/loss for our equity investees accumulated derivative activity

Net of taxes decrease to opening balance of accumulated other comprehensive loss attributable to Pepsico

$ 1,831

$ 1,322

$ 1,211

[1]	Includes $23 million after-tax gain in 2009 for our share of our equity investees' accumulated derivative activity.
[2]	Net of taxes of $1,831 million in 2011, $1,322 million in 2010 and $1,211 million in 2009.

Supplemental Financial Information (Schedule Of Supplemental Balance Sheet Information) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 25, 2010

Dec. 26, 2009

Supplemental Financial Information [Abstract]

Trade receivables

$ 6,036

$ 5,514

Other receivables

1,033

953

Total receivables

7,069

6,467

Allowance, beginning of year

144

Net amounts charged to expense

Deductions

(41)

^[1]

(37)

^[1]

(21)

^[1]

Percent of inventory cost calculated using the LIFO method

^[2]

Allowance, end of year

157

144

Net receivables

6,912

6,323

Raw materials

1,883

^[3]

1,654

^[3]

Work-in-process

207

^[3]

128

^[3]

Finished goods

1,737

^[3]

1,590

^[3]

Inventories

3,827

^[3]

3,372

^[3]

3.00%

8.00%

Noncurrent notes and accounts receivable

159

165

Deferred marketplace spending

186

203

Pension plans

121

Other investments

653

Accrued marketplace spending

522

547

Other Assets

1,021

1,689

Accounts payable

4,083

3,865

1,915

1,841

Accrued compensation and benefits

1,771

1,779

Dividends payable

813

766

Other current liabilities

3,175

2,672

Accounts payable and other current liabilities

$ 11,757

$ 10,923

[1]	Includes accounts written off.
[2]	Includes adjustments related to acquisitions, currency translation effects and other adjustments.
[3]	Inventories are valued at the lower of cost or market. Cost is determined using the average, first-in, first-out (FIFO) or last-in, first-out (LIFO) methods. Approximately 3% in 2011 and 8% in 2010 of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Supplemental Financial Information (Schedule Of Other Supplemental Information) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 25, 2010	Dec. 26, 2009
Supplemental Financial Information [Abstract]
Rent expense	$ 589	$ 526	$ 412
Interest paid	1,039	1,043	456
Income taxes paid, net of refunds	$ 2,218	$ 1,495	$ 1,498

The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.

+ References+ Details

The amount of cash paid for interest during the period net of cash paid for interest that is capitalized.

+ References+ Details

Acquisitions (Narrative) (Details)	3 Months Ended	12 Months Ended				0 Months Ended		4 Months Ended
Acquisitions (Narrative) (Details)	Mar. 20, 2010 USD ($)	Dec. 25, 2010 USD ($)	Feb. 03, 2011 USD ($)	Feb. 26, 2010 USD ($)	Dec. 24, 2011 PBG And PAS Acquisition [Member] USD ($)	May 19, 2011 WBD [Member] USD ($)	Feb. 03, 2011 WBD [Member]	Dec. 31, 2011 WBD [Member] USD ($)	Aug. 15, 2011 WBD [Member] RUB	Mar. 10, 2010 WBD [Member] RUB	Mar. 10, 2010 American Depositary Shares [Member] WBD [Member] RUB
Business Acquisition [Line Items]
Total purchase price				$ 12,600,000,000
Cash and equity paid				8,300,000,000
Previously held equity interests in PBG and PAS					4,300,000,000
Cash paid for entity			3,800,000,000			1,300,000,000		79,000,000
Ownership in WBD after acquisition						98.60%	77.00%	100.00%
Outstanding common stock ownership percentage							66.00%
Gain resulting from remeasurement of equity interests	958,000,000	958,000,000
Non-taxable portion of gain on previously held equity investments bottling equity income	735,000,000
Reversal of deferred tax liability associated with previously held equity interests	223,000,000
Ownership in PBG and PAS after acquisition				100.00%
Price paid per ordinary share in Russian Rubles									3,883.70	3,883.70
Tender offer for all outstanding American Depositary Share in Russian Rubles											970.925
Gain on previously held equity interests in PBG and PAS	$ 958,000,000	$ 958,000,000

Acquisitions (Business Acquisition, Pro Forma Information) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 25, 2010	Dec. 26, 2009
Acquisitions [Abstract]
Net Revenue	$ 59,582	$ 57,471
Net Income Attributable to PepsiCo	$ 5,856	$ 6,752
Net Income Attributable to PepsiCo per Common Share - Diluted	$ 3.60	$ 4.09