Document And Entity Information
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3 Months Ended | |
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Mar. 24, 2012
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Apr. 20, 2012
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Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 24, 2012 | |
Document Fiscal Year Focus | 2012 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | PEP | |
Entity Registrant Name | PEPSICO INC | |
Entity Central Index Key | 0000077476 | |
Current Fiscal Year End Date | --12-29 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 1,563,964,807 |
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other. No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Trading symbol of an instrument as listed on an exchange. No definition available.
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- Details
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Condensed Consolidated Statement Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |||||
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Mar. 24, 2012
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Mar. 19, 2011
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Condensed Consolidated Statement Of Income [Abstract] | ||||||
Net Revenue | $ 12,428 | $ 11,937 | ||||
Cost of sales | 5,889 | 5,447 | ||||
Selling, general and administrative expenses | 4,792 | 4,739 | ||||
Amortization of intangible assets | 25 | 25 | ||||
Operating Profit | 1,722 | 1,726 | ||||
Interest expense | (198) | (180) | ||||
Interest income and other | 23 | 17 | ||||
Income before income taxes | 1,547 | 1,563 | ||||
Provision for income taxes | 414 | 419 | ||||
Net income | 1,133 | 1,144 | ||||
Less: Net income attributable to noncontrolling interests | 6 | 1 | ||||
Net Income Attributable to PepsiCo | $ 1,127 | $ 1,143 | ||||
Net Income Attributable to PepsiCo per Common Share | ||||||
Basic | $ 0.72 | $ 0.72 | ||||
Diluted | $ 0.71 | $ 0.71 | ||||
Weighted-average common shares outstanding | ||||||
Basic | 1,568 | [1] | 1,583 | [1] | ||
Diluted | 1,584 | [1] | 1,605 | [1] | ||
Cash dividends declared per common share | $ 0.515 | $ 0.48 | ||||
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- Definition
Encompasses other net amounts as well as income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions. No definition available.
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Consolidated Statement Of Comprehensive Income (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |||||||||||||
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Mar. 24, 2012
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Mar. 19, 2011
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Condensed Consolidated Statement Of Comprehensive Income [Abstract] | ||||||||||||||
Net Income | $ 1,133 | $ 1,144 | ||||||||||||
Other Comprehensive Income | ||||||||||||||
Currency translation adjustment | 1,687 | 645 | ||||||||||||
Cash flow hedges, net of tax: | ||||||||||||||
Net derivative (losses)/gains | (14) | [1] | 8 | [1] | ||||||||||
Reclassification of net losses to net income | 7 | [2] | 4 | [2] | ||||||||||
Pension and retiree medical, net of tax: | ||||||||||||||
Reclassification of losses/(gains) to net income | 25 | [3] | (3) | [3] | ||||||||||
Remeasurement of net liabilities | 7 | [4] | ||||||||||||
Unrealized gains/(losses) on securities, net of tax | 13 | [5] | (13) | [5] | ||||||||||
Other | 36 | (18) | ||||||||||||
Total Other Comprehensive Income | 1,761 | 623 | ||||||||||||
Comprehensive Income | 2,894 | 1,767 | ||||||||||||
Comprehensive income attributable to noncontrolling interests | (2) | (29) | ||||||||||||
Comprehensive Income Attributable to PepsiCo | $ 2,892 | $ 1,738 | ||||||||||||
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- Definition
Defined Benefit Plan Remeasurement Of Net Liabilities No definition available.
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests, if any. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The change in other comprehensive income during the reporting period, net of tax, for an item that is not separately disclosed. No definition available.
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- Definition
Net of tax effect of the reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The adjustment out of other comprehensive income for actuarial gains or losses recognized as a component of net periodic benefit cost during the period, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Condensed Consolidated Statement Of Comprehensive Income (Parenthetical) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
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Mar. 24, 2012
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Mar. 19, 2011
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Condensed Consolidated Statement Of Comprehensive Income [Abstract] | ||
Net derivative (losses)/gains, tax effect | $ (1) | $ 13 |
Reclassification of net losses to net income, tax effect | (5) | 2 |
Reclassification of losses/(gains) to net income, tax effect | (15) | (1) |
Remeasurement of net liabilities, tax effect | 4 | |
Unrealized gains/(losses) on securities, tax effect | $ (5) |
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- Definition
Tax effect of the gain (loss) adjustment to other comprehensive income resulting from the remeasurement of the entity's defined benefit pension and other postretirement plans. No definition available.
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- Definition
Tax effect on reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For each annual statement of income presented, the tax effect of the net gain (loss) recognized in other comprehensive income that is a reclassification adjustment of other comprehensive income as a result of being recognized as a component of net periodic benefit cost for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tax effect on the change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tax effect on gross appreciation or the gross loss in value of the total of unsold securities during the period being reported on. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Investment in Wimm-Bill-Dann No definition available.
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- Definition
Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of deferred income taxes and income tax credits less the tax benefit from exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified equity-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element reduces net cash provided by operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period of the sum of amounts due within one year (or one business cycle) from customers for the credit sale of goods and services; and from note holders for outstanding loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets,or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The value of the consideration received for selling an asset or business through a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
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- Definition
The cash outflow associated with other payments to acquire businesses including deposit on pending acquisitions and preacquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the reporting period for charges associated with the mergers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net amount paid (received) by the reporting entity through acquisition or sale and maturities of short-term investments with an original maturity that is three months or less which qualify for treatment as an investing activity based on management's intention and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire callable preferred stock which is identified as being convertible to another type of financial security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the reporting period for charges associated with the consolidation and relocation of operations, disposition or abandonment of operations or productive assets (that is, for reorganizing and restructuring charges and other related expenses). These charges may be incurred in connection with a business combination, change in strategic plan, a managerial response to declines in demand, increasing costs or other environmental factors. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from the entity's earnings to the shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash or cash equivalents contributed during the reporting period by the entity to fund its pension plans and its non-pension postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash inflow from a borrowing net of the cash outflow from repayment of a borrowing having initial term of repayment within three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from a borrowing having initial term of repayment of more than three months but less than one year or one operating cycle (if the normal cycle is more than one year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from a repayment of a borrowing having initial term of repayment of more than three months but less than one year or one operating cycle (if the normal cycle is more than one year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Adjustment to remove noncash portion of restructuring costs and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date for goodwill and indefinite lived intangible assets. No definition available.
|
X | ||||||||||
- Definition
The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts (original costs for current and prior period additions adjusted for impairment, if any) as of the balance sheet date of intangible assets, excluding goodwill, having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Also includes purchased parts that will be used as components of a finished product. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Condensed Consolidated Balance Sheet (Parenthetical) (USD $)
In Millions, except Share data, unless otherwise specified |
Mar. 24, 2012
|
Dec. 31, 2011
|
---|---|---|
Condensed Consolidated Balance Sheet [Abstract] | ||
Accounts and notes receivable, allowance | $ 168 | $ 157 |
Preferred stock, par value | ||
Common stock, par value | $ 0.01666 | $ 0.01666 |
Common stock, authorized | 3,600,000,000 | 3,600,000,000 |
Common stock, issued | 1,865,000,000 | 1,865,000,000 |
Repurchased common stock, shares | 298,000,000 | 301,000,000 |
X | ||||||||||
- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Issuance value per share of no-par value, nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Acquisitions and divestitures to noncontrolling interest No definition available.
|
X | ||||||||||
- Definition
Defined Benefit Plan Remeasurement Of Net Liabilities No definition available.
|
X | ||||||||||
- Definition
Number of shares of other changes in treasury stock during the period. No definition available.
|
X | ||||||||||
- Definition
Impact on additional paid-in capital of restricted stock withholding taxes recorded as net - settlement. No definition available.
|
X | ||||||||||
- Definition
Impact of stock option exercises/RSUs converted on additional paid-in capital. No definition available.
|
X | ||||||||||
- Definition
Represents increases or decreases in additional paid in capital not separately disclosed. No definition available.
|
X | ||||||||||
- Definition
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of common stock cash dividends declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of cash dividends declared by an entity during the period and applicable to holders of share-based compensation, such as non-vested shares, stock options, or restricted stock units. This element includes paid and unpaid dividends declared during the period. No definition available.
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net of tax effect of the reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The adjustment out of other comprehensive income for actuarial gains or losses recognized as a component of net periodic benefit cost during the period, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
|
X | ||||||||||
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value stock issued during the period as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Condensed Consolidated Statement Of Equity (Parenthetical) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 24, 2012
|
Mar. 19, 2011
|
|
Condensed Consolidated Statement Of Equity [Abstract] | ||
Stock option exercises/RSUs converted, tax benefits | $ 14 | $ 13 |
X | ||||||||||
- Definition
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). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Basis Of Presentation And Our Divisions
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 24, 2012
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Basis Of Presentation And Our Divisions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis Of Presentation And Our Divisions | Basis of Presentation and Our Divisions
Basis of Presentation Our Condensed Consolidated Balance Sheet as of March 24, 2012 and the Condensed Consolidated Statements of Income, Comprehensive Income, Cash Flows and Equity for the 12 weeks ended March 24, 2012 and March 19, 2011 have not been audited. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied in our Annual Report on Form 10-K for the fiscal year ended December 31, 2011. In our opinion, these financial statements include all normal and recurring adjustments necessary for a fair presentation. The results for the 12 weeks are not necessarily indicative of the results expected for the full year. While the majority of our results are reported on a period basis, most of our international operations report on a monthly calendar basis for which the months of January and February are reflected in our first quarter results. 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 was considered preferable by management as we believe that the average cost method of accounting for all U.S. foods inventories improves 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 enhances 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). Our significant interim accounting policies include the recognition of a pro rata share of certain estimated annual sales incentives, and certain advertising and marketing costs, in proportion to revenue and volume, as applicable, and the recognition of income taxes using an estimated annual effective tax rate. Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw material handling facilities, are included in cost of sales. The costs of moving, storing and delivering finished product are included in selling, general and administrative expenses. The following information is unaudited. Tabular dollars are in millions, except per share amounts. All per share amounts reflect common per share amounts, assume dilution unless otherwise noted, and are based on unrounded amounts. Certain reclassifications were made to the prior year's amounts to conform to the 2012 presentation. This report should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2011. Our Divisions We are organized into four business units, as follows:
Our four business units comprise six reportable segments (also referred to as divisions), as follows:
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The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions And Divestitures
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Mar. 24, 2012
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Acquisitions And Divestitures [Abstract] | |
Acquisitions And Divestitures | Acquisitions and Divestitures
WBD On February 3, 2011, we acquired the ordinary shares, including shares underlying American Depositary Shares (ADS) 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. 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 31, 2011. On March 10, 2011, we commenced 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. Tingyi-Asahi Beverages Holding Co Ltd On March 31, 2012 (during our second quarter), we completed a transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi). Under the terms of the agreement, we contributed our company-owned and joint venture bottling operations in China to Tingyi's beverage subsidiary, Tingyi-Asahi Beverages Holding Co Ltd (TAB), and received as consideration a 5% indirect equity interest in TAB. As a result of this transaction, TAB is now our franchise bottler in China. We also have a call option to increase our indirect holding in TAB to 20% by 2015. We anticipate recording an after-tax loss of approximately $200 million associated with this transaction in our second quarter results. This loss will be reflected in items affecting comparability in our 2012 second quarter Form 10-Q (see "Items Affecting Comparability" in Management's Discussion and Analysis of Financial Condition and Results of Operations).
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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). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Intangible Assets
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Mar. 24, 2012
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Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets | Intangible Assets
The change in the book value of nonamortizable intangible assets is as follows:
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The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation
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Mar. 24, 2012
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Stock-Based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
Stock-Based Compensation | Stock-Based Compensation
For the 12 weeks ended March 24, 2012, we recognized stock-based compensation expense of $50 million ($56 million recorded as stock-based compensation expense, $1 million included in merger and integration charges and income of $7 million included in restructuring and impairment charges). For the 12 weeks ended March 19, 2011, we recognized stock-based compensation expense of $79 million ($72 million recorded as stock-based compensation expense and $7 million included in merger and integration charges). In connection with our multi-year productivity plan (Productivity Plan) announced in February 2012, the Compensation Committee of PepsiCo's Board of Directors elected to delay the grant of the annual equity award from March to April, in order to appropriately administer the award following employee headcount reductions. Therefore, for the 12 weeks ended March 24, 2012, we did not issue any grants of stock options or restricted stock units (RSU). For the 12 weeks ended March 19, 2011, we granted 6.4 million stock options and 5.1 million RSUs at a weighted-average grant price of $63.75, under the terms of our 2007 Long-Term Incentive Plan. . Our weighted-average Black-Scholes fair value assumptions in the prior year were as follows:
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Pension And Retiree Medical Benefits
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Mar. 24, 2012
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Pension And Retiree Medical Benefits [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension And Retiree Medical Benefits | Pension and Retiree Medical Benefits
The components of net periodic benefit cost for pension and retiree medical plans are as follows:
During the first quarter of 2012, we made discretionary contributions of $860 million to our pension plans and $140 million to our retiree medical plans. |
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The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes | Income Taxes
A rollforward of our reserves for all federal, state and foreign tax jurisdictions, is as follows:
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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
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Net Income Attributable To PepsiCo Per Common Share
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Net Income Attributable To PepsiCo Per Common Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income Attributable To PepsiCo Per Common Share | Net Income Attributable to PepsiCo per Common Share
The computations of basic and diluted net income attributable to PepsiCo per common share are as follows:
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt Obligations And Commitments
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Mar. 24, 2012
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Debt Obligations And Commitments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Obligations And Commitments | Debt Obligations and Commitments
In the first quarter of 2012, we issued:
The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper. As of March 24, 2012, we had $1.2 billion of commercial paper outstanding. Long-Term Contractual Commitments(a)
Most long-term contractual commitments, except for our long-term debt obligations, are not recorded on our balance sheet. Non-cancelable operating leases primarily represent building leases. Non-cancelable purchasing commitments are primarily for packaging materials, sugar and other sweeteners, 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 Pension and Retiree Medical Benefits for additional information regarding our pension and retiree medical obligations. |
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Debt obligations and commitments No definition available.
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Restructuring, Impairment And Integration Charges
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Mar. 24, 2012
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Restructuring, Impairment And Integration Charges [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring, Impairment And Integration Charges | Restructuring, Impairment and Integration Charges
In the 12 weeks ended March 24, 2012, we incurred restructuring and impairment charges of $33 million ($23 million after-tax or $0.01 per share) in conjunction with our Productivity Plan, including $8 million recorded in the FLNA segment, $5 million recorded in the QFNA segment, $6 million recorded in the LAF segment, $8 million recorded in the PAB segment, $9 million recorded in the AMEA segment and income of $1 million and $2 million recorded in the Europe segment and in corporate unallocated expenses, respectively, representing adjustments of previously recorded amounts. All of these net charges were recorded in selling, general and administrative expenses. Substantially all cash payments related to these charges are expected to be paid by the end of 2012. 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 activity in 2012 is as follows:
In the 12 weeks ended March 24, 2012, we incurred merger and integration charges of $2 million ($2 million after-tax with a nominal amount per share) related to our acquisition of WBD. These charges were recorded in selling, general and administrative expenses in the Europe segment. Cash payments related to these charges are expected to be paid by the end of 2012. In the 12 weeks ended March 19, 2011, we incurred merger and integration charges of $55 million ($49 million after-tax or $0.03 per share) related to our acquisitions of PBG, PAS and WBD, including $21 million recorded in the PAB segment, $42 million recorded in corporate unallocated expenses and a income of $8 million recorded in the Europe segment, primarily reflecting a gain on our previously held equity interest in WBD. All of these net charges 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 these charges were paid by the end of 2011. A summary of our merger and integration activity in 2012 is as follows:
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The entire disclosure for aggregate costs incurred during the period for restructuring, remediation, implementation, integration and asset impairment activities. Description of restructuring activities such as exit and disposal activities, could include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. This would also include disclosure of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. No definition available.
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Financial Instruments
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Mar. 24, 2012
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Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments | Financial Instruments
We are exposed to market risks arising from adverse changes in:
In the normal course of business, we manage these risks through a variety of strategies, including productivity initiatives, global purchasing programs and hedging strategies. Our hedging strategies include 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. Ineffectiveness is not material. 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 $33 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 $552 million as of March 24, 2012 and $573 million as of March 19, 2011. Our open commodity derivative contracts that do not qualify for hedge accounting had a face value of $628 million as of March 24, 2012 and $300 million as of March 19, 2011. 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. We 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 $2.7 billion as of March 24, 2012 and $2.3 billion as of March 19, 2011. During the next 12 months, we expect to reclassify net losses of $9 million related to foreign currency contracts that qualify for hedge accounting from accumulated other comprehensive loss into net income. Additionally, ineffectiveness 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 March 24, 2012 and March 19, 2011 were $8.33 billion and $9.23 billion, respectively. We classify both the earnings and cash flow impact from these interest rate derivative instruments consistent with the underlying hedged item. For those interest rate derivative instruments that qualify for cash flow hedge accounting, any ineffectiveness is recorded immediately. Ineffectiveness is not material. During the next 12 months, we expect to reclassify net losses of $23 million related to these hedges from accumulated other comprehensive loss into net income.
As of March 24, 2012, approximately 32% of total debt, after the impact of the related interest rate derivative instruments, was exposed to variable rates, compared to 38% as of December 31, 2011. Fair Value Measurements The fair values of our financial assets and liabilities as of March 24, 2012 and March 19, 2011 are categorized as follows:
The fair value of our debt obligations as of March 24, 2012 was $30 billion, based upon prices of similar instruments in the marketplace.
The effective portion of the pre-tax (gains)/losses on our derivative instruments are categorized in the tables below.
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The entire disclosure for derivatives and fair value of assets and liabilities. No definition available.
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Recent Accounting Pronouncements
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Mar. 24, 2012
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Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements
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. In the first quarter of 2012, we began pre-paying funds within our 401(h) voluntary employee beneficiary associations (VEBA) trust to fully cover prescription drug benefit liabilities for Medicare eligible retirees. As a result, the receipt of future Medicare subsidy payments for prescription drugs will not be taxable and, consequently, we recorded a $55 million tax benefit reflecting this change. In June 2011, the Financial Accounting Standards Board (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 were effective as of the beginning of our 2012 fiscal year. Accordingly, we have presented the components of net income and other comprehensive income for the 12 weeks ended March 24, 2012 and March 19, 2011 as two separate but consecutive statements. We will continue to monitor the FASB's activities related to the deferral of the presentation and disclosure of reclassification adjustments from other comprehensive income to net income. 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 annual goodwill impairment test. We are currently evaluating the impact of the new guidance 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. |
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The entire disclosure for a new accounting pronouncement that has been issued but not yet adopted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis Of Presentation And Our Divisions (Policy)
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Mar. 24, 2012
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Basis Of Presentation And Our Divisions [Abstract] | |
Revenue Recognition | Our significant interim accounting policies include the recognition of a pro rata share of certain estimated annual sales incentives, and certain advertising and marketing costs, in proportion to revenue and volume, |
Income Tax | and the recognition of income taxes using an estimated annual effective tax rate. |
Cost Of Sales | Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw material handling facilities, are included in cost of sales. |
Selling, General And Administrative Expenses | The costs of moving, storing and delivering finished product are included in selling, general and administrative expenses. |
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Disclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for inclusion of significant items in the selling, general and administrative (or similar) expense report caption. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis Of Presentation And Our Divisions (Tables)
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Mar. 24, 2012
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Basis Of Presentation And Our Divisions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Segment Reporting Information, By Segment |
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Segment Reporting Information By Total Assets |
|
X | ||||||||||
- Definition
Schedule Of Segment Reporting Information By Total Assets [Table Text Block]. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Intangible Assets (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 24, 2012
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Intangible Assets [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Amortizable Intangible Assets |
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Schedule Of Change In Book Value Of Nonamortizable Intangible Assets |
|
X | ||||||||||
- Definition
Schedule Of Change In Book Value Of Non Amortizable Intangible Assets [Table Text Block] No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Mar. 19, 2011
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Stock-Based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions |
|
X | ||||||||||
- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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Pension And Retiree Medical Benefits (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 24, 2012
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Pension And Retiree Medical Benefits [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components Of Benefit Expense |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 24, 2012
|
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Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reserves Rollforward |
|
X | ||||||||||
- Definition
Rollforward of Reserves For Federal State And Foreign Jurisdictions. No definition available.
|
X | ||||||||||
- Details
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Net Income Attributable To PepsiCo Per Common Share (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 24, 2012
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Net Income Attributable To PepsiCo Per Common Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic And Diluted Net Income Attributable To PepsiCo Per Common Share |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
|
Debt Obligations And Commitments (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 24, 2012
|
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Debt Obligations And Commitments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Long-Term Contractual Commitments |
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Schedule of long term contractual commitments No definition available.
|
Restructuring, Impairment And Integration Charges (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 24, 2012
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Restructuring, Impairment And Integration Charges [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary Of Productivity Plan Activity |
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Schedule Of Merger And Integration Activity |
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- Definition
Schedule Of Merger And Integration Activity No definition available.
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- Definition
Summary Of Productivity Plan Activity [Table Text Block] No definition available.
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- Details
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Financial Instruments (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 24, 2012
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Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Values Of Financial Assets And Liabilities | Fair Value Measurements The fair values of our financial assets and liabilities as of March 24, 2012 and March 19, 2011 are categorized as follows:
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Effective Portion Of Pre-Tax (Gains)/Losses On Derivative Instruments |
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis Of Presentation And Our Divisions (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
---|---|
Mar. 19, 2011
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Basis Of Presentation And Our Divisions [Abstract] | |
Change in accounting method (LIFO to average cost), effect on net income | $ 9 |
X | ||||||||||
- Definition
Amount of the effect of a change in accounting principle on net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Basis Of Presentation And Our Divisions (Schedule Of Segment Reporting Information, By Segment) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 24, 2012
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Mar. 19, 2011
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|
Segment Reporting Information [Line Items] | ||
Net Revenue | $ 12,428 | $ 11,937 |
Operating Profit | 1,722 | 1,726 |
Restructuring and impairment charges | (7) | |
FLNA [Member]
|
||
Segment Reporting Information [Line Items] | ||
Net Revenue | 3,010 | 2,904 |
Operating Profit | 780 | 774 |
Restructuring and impairment charges | 8 | |
QFNA [Member]
|
||
Segment Reporting Information [Line Items] | ||
Net Revenue | 623 | 640 |
Operating Profit | 187 | 214 |
Restructuring and impairment charges | 5 | |
LAF [Member]
|
||
Segment Reporting Information [Line Items] | ||
Net Revenue | 1,235 | 1,108 |
Operating Profit | 183 | 171 |
Restructuring and impairment charges | 6 | |
PAB [Member]
|
||
Segment Reporting Information [Line Items] | ||
Net Revenue | 4,448 | 4,531 |
Operating Profit | 525 | 558 |
Restructuring and impairment charges | 8 | |
Europe [Member]
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||
Segment Reporting Information [Line Items] | ||
Net Revenue | 1,845 | 1,626 |
Operating Profit | 81 | 63 |
Restructuring and impairment charges | (1) | |
AMEA [Member]
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Segment Reporting Information [Line Items] | ||
Net Revenue | 1,267 | 1,128 |
Operating Profit | 148 | 146 |
Restructuring and impairment charges | 9 | |
Total Division [Member]
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Segment Reporting Information [Line Items] | ||
Net Revenue | 12,428 | 11,937 |
Operating Profit | 1,904 | 1,926 |
Corporate Unallocated Net Impact Of Mark To Market On Commodity Hedges [Member]
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Segment Reporting Information [Line Items] | ||
Operating Profit | 84 | 31 |
Corporate Unallocated Restructuring And Impairment Charges [Member]
|
||
Segment Reporting Information [Line Items] | ||
Restructuring and impairment charges | 2 | |
Corporate Unallocated Merger And Integration Charges [Member]
|
||
Segment Reporting Information [Line Items] | ||
Operating Profit | (42) | |
Corporate Unallocated Other [Member]
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||
Segment Reporting Information [Line Items] | ||
Operating Profit | $ (268) | $ (189) |
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Basis Of Presentation And Our Divisions (Segment Reporting Information By Total Assets) (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 24, 2012
|
Dec. 31, 2011
|
||||
---|---|---|---|---|---|---|
Segment Reporting Information [Line Items] | ||||||
Total Assets | $ 74,391 | $ 72,882 | ||||
FLNA [Member]
|
||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 6,075 | 6,120 | ||||
QFNA [Member]
|
||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 1,205 | 1,174 | ||||
LAF [Member]
|
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Segment Reporting Information [Line Items] | ||||||
Total Assets | 4,967 | 4,731 | ||||
PAB [Member]
|
||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 31,690 | 31,187 | ||||
Europe [Member]
|
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Segment Reporting Information [Line Items] | ||||||
Total Assets | 19,755 | 18,479 | ||||
AMEA [Member]
|
||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 6,305 | 6,048 | ||||
Total Division [Member]
|
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Segment Reporting Information [Line Items] | ||||||
Total Assets | 69,997 | 67,739 | ||||
Corporate [Member]
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Segment Reporting Information [Line Items] | ||||||
Total Assets | $ 4,394 | [1] | $ 5,143 | [1] | ||
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X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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Acquisitions And Divestitures (Details)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 0 Months Ended | 4 Months Ended | 0 Months Ended | ||||
---|---|---|---|---|---|---|---|---|
Mar. 24, 2012
USD ($)
|
May 19, 2011
WBD [Member]
USD ($)
|
Feb. 03, 2011
WBD [Member]
USD ($)
|
Dec. 31, 2011
WBD [Member]
USD ($)
|
Aug. 15, 2011
WBD [Member]
RUB
|
Mar. 31, 2012
TAB [Member]
|
Mar. 31, 2012
Call Option Latest Use Date 2015 [Member]
TAB [Member]
|
Mar. 10, 2011
ADS [Member]
WBD [Member]
RUB
|
|
Business Acquisition [Line Items] | ||||||||
Cash paid for entity | $ 1,300 | $ 3,800 | $ 79 | |||||
Ownership in WBD after acquisition | 98.60% | 77.00% | 100.00% | |||||
Percentage of identifiable assets acquired, liabilities assumed and noncontrolling interests recognized | 100.00% | |||||||
Outstanding common stock ownership percentage | 66.00% | |||||||
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 | |||||||
Indirect Equity Interest Percentage | 5.00% | |||||||
Call Option For Indirect Equity Percentage | 20.00% | |||||||
Tax loss associated with investment transaction | $ 200 |
X | ||||||||||
- Definition
Call Option For Indirect Equity Percentage No definition available.
|
X | ||||||||||
- Definition
Cumulative percentage of outstanding equity purchased of acquired entity No definition available.
|
X | ||||||||||
- Definition
Indirect Equity Interest Percentage No definition available.
|
X | ||||||||||
- Definition
Percentage of Identifiable Assets Acquired, Liabilities Assumed and Noncontrolling Interest No definition available.
|
X | ||||||||||
- Definition
The price to be paid for each American Depositary Share in Russian rubles, which represents one fourth of an ordinary share No definition available.
|
X | ||||||||||
- Definition
Price paid per ordinary share in Russian Rubles No definition available.
|
X | ||||||||||
- Definition
Tax loss associated with investment transaction No definition available.
|
X | ||||||||||
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Intangible Assets (Schedule Of Amortizable Intangible Assets) (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 24, 2012
|
Dec. 31, 2011
|
---|---|---|
Finite-Lived Intangible Assets [Line Items] | ||
Amortizable intangible assets, gross | $ 3,341 | $ 3,220 |
Accumulated amortization | (1,381) | (1,332) |
Amortizable intangible assets, net | 1,960 | 1,888 |
Acquired Franchise Rights [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Amortizable intangible assets, gross | 929 | 916 |
Other Identifiable Intangibles [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Amortizable intangible assets, gross | 862 | 777 |
Brands [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Amortizable intangible assets, gross | 1,440 | 1,417 |
Reacquired Franchise Rights [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Amortizable intangible assets, gross | $ 110 | $ 110 |
X | ||||||||||
- Definition
The accumulated amount of amortization of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the gross carrying amounts before accumulated amortization as of the balance sheet date of all intangible assets having statutory or estimated useful lives. The aggregate gross carrying amount (including any previously recognized impairment charges) of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Intangible Assets (Schedule Of Change In Book Value Of Nonamortizable Intangible Assets) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
---|---|
Mar. 24, 2012
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | $ 31,357 |
Acquisitions/ (Divestitures) | (67) |
Translation and Other | 1,011 |
Balance, End | 32,301 |
Acquired Franchise Rights [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 1,780 |
Translation and Other | 13 |
Balance, End | 1,793 |
Brands [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 4,703 |
Acquisitions/ (Divestitures) | 16 |
Translation and Other | 421 |
Balance, End | 5,140 |
Goodwill [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 16,800 |
Acquisitions/ (Divestitures) | (82) |
Translation and Other | 490 |
Balance, End | 17,208 |
Reacquired Franchise Rights [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 8,074 |
Acquisitions/ (Divestitures) | (1) |
Translation and Other | 87 |
Balance, End | 8,160 |
FLNA [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 341 |
Translation and Other | 5 |
Balance, End | 346 |
FLNA [Member] | Brands [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 30 |
Translation and Other | 1 |
Balance, End | 31 |
FLNA [Member] | Goodwill [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 311 |
Translation and Other | 4 |
Balance, End | 315 |
QFNA [Member] | Goodwill [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 175 |
Acquisitions/ (Divestitures) | |
Translation and Other | |
Balance, End | 175 |
LAF [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 950 |
Acquisitions/ (Divestitures) | (50) |
Translation and Other | 46 |
Balance, End | 946 |
LAF [Member] | Brands [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 157 |
Acquisitions/ (Divestitures) | 112 |
Translation and Other | 9 |
Balance, End | 278 |
LAF [Member] | Goodwill [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 793 |
Acquisitions/ (Divestitures) | (162) |
Translation and Other | 37 |
Balance, End | 668 |
PAB [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 19,004 |
Acquisitions/ (Divestitures) | 1 |
Translation and Other | 51 |
Balance, End | 19,056 |
PAB [Member] | Acquired Franchise Rights [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 1,562 |
Translation and Other | 2 |
Balance, End | 1,564 |
PAB [Member] | Brands [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 168 |
Translation and Other | 5 |
Balance, End | 173 |
PAB [Member] | Goodwill [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 9,932 |
Acquisitions/ (Divestitures) | 2 |
Translation and Other | 20 |
Balance, End | 9,954 |
PAB [Member] | Reacquired Franchise Rights [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 7,342 |
Acquisitions/ (Divestitures) | (1) |
Translation and Other | 24 |
Balance, End | 7,365 |
Europe [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 10,028 |
Acquisitions/ (Divestitures) | (18) |
Translation and Other | 863 |
Balance, End | 10,873 |
Europe [Member] | Acquired Franchise Rights [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 218 |
Translation and Other | 11 |
Balance, End | 229 |
Europe [Member] | Brands [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 4,178 |
Acquisitions/ (Divestitures) | (96) |
Translation and Other | 397 |
Balance, End | 4,479 |
Europe [Member] | Goodwill [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 4,900 |
Acquisitions/ (Divestitures) | 78 |
Translation and Other | 392 |
Balance, End | 5,370 |
Europe [Member] | Reacquired Franchise Rights [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 732 |
Translation and Other | 63 |
Balance, End | 795 |
AMEA [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 859 |
Translation and Other | 46 |
Balance, End | 905 |
AMEA [Member] | Brands [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 170 |
Translation and Other | 9 |
Balance, End | 179 |
AMEA [Member] | Goodwill [Member]
|
|
Indefinite-lived Intangible Assets by Segment [Line Items] | |
Balance, Beginning | 689 |
Translation and Other | 37 |
Balance, End | $ 726 |
X | ||||||||||
- Definition
Carrying amount of intangible assets, excluding goodwill, which have a projected indefinite period of benefit (hence are not amortized), allocated to the reportable segment. These assets, acquired either individually or as part of a group of assets, in either an asset acquisition or business combination, are assessed at least annually for impairment. Examples may include trade secrets, contractual rights, trade names, and licensing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of indefinite-lived intangible assets acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Reflects increase (decrease) to the recorded value of indefinite-lived intangible assets for foreign currency translation adjustments and purchase accounting adjustments needed to revise the carrying amount of indefinite-lived intangible assets to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 24, 2012
|
Mar. 19, 2011
|
|
Stock-Based Compensation [Abstract] | ||
Recognized stock-based compensation expense | $ 50 | $ 79 |
Stock-based compensation expense | 56 | 72 |
Merger and integration costs included in stock-based compensation | 1 | 7 |
Restructuring and impairment charges | $ (7) | |
Stock options granted | 6.4 | |
RSUs issued | 5.1 | |
Weighted-average grant price, RSUs | $ 63.75 |
X | ||||||||||
- Definition
The portion of stock-based compensation included in merger and integration charges recorded in connection with the company's acquisitions of the acquired entities. No definition available.
|
X | ||||||||||
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition
Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock-Based Compensation (Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions) (Details)
|
3 Months Ended | |||
---|---|---|---|---|
Mar. 19, 2011
Y
|
||||
Stock-Based Compensation [Abstract] | ||||
Expected life, in years | 6 | |||
Risk free interest rate | 2.60% | |||
Expected volatility | 16.00% | [1] | ||
Expected dividend yield | 2.90% | |||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The period of time 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Pension And Retiree Medical Benefits (Components Of Benefit Expense) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 24, 2012
|
Mar. 19, 2011
|
|
Defined Benefit Plan Disclosure [Line Items] | ||
Discretionary, pension contributions | $ 860 | |
Retiree medical plans | 140 | |
U.S. [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 95 | 82 |
Interest cost | 123 | 126 |
Expected return on plan assets | (184) | (162) |
Amortization of prior service cost/(benefit) | 4 | 3 |
Amortization of experience loss | 60 | 33 |
Gross total | 98 | 82 |
Curtailment gain | (7) | (9) |
Special termination benefits | 4 | 10 |
Total expense | 95 | 83 |
International [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 18 | 17 |
Interest cost | 20 | 21 |
Expected return on plan assets | (26) | (24) |
Amortization of experience loss | 10 | 7 |
Gross total | 22 | 21 |
Total expense | 22 | 21 |
Retiree Medical [Member]
|
||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 12 | 12 |
Interest cost | 15 | 20 |
Expected return on plan assets | (5) | (3) |
Amortization of prior service cost/(benefit) | (6) | (7) |
Amortization of experience loss | 3 | |
Gross total | 16 | 25 |
Special termination benefits | 4 | 1 |
Total expense | $ 20 | $ 26 |
X | ||||||||||
- Definition
Defined Benefit Plan Period Gross No definition available.
|
X | ||||||||||
- Definition
Discretionary, Pension Contributions No definition available.
|
X | ||||||||||
- Definition
Discretionary Retiree Medical Plan Contributions No definition available.
|
X | ||||||||||
- Definition
The amount of gains or losses recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
If applicable, the cost of providing special or contractual termination benefits recognized during the period on the projected benefit obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of net gain (loss) recognized in net periodic benefit cost due to settlements and curtailments. Curtailments result from an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Settlements result from an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include (a) making lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and (b) purchasing nonparticipating annuity contracts to cover vested benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Reserves Rollforward) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 12 Months Ended |
---|---|---|
Mar. 24, 2012
|
Dec. 31, 2011
|
|
Income Taxes [Abstract] | ||
Balance, beginning of year | $ 2,167 | $ 2,022 |
Additions for tax positions related to the current year | 45 | 233 |
Additions for tax positions from prior years | 5 | 147 |
Reductions for tax positions from prior years | (5) | (46) |
Settlement payments | (4) | (156) |
Statute of limitations expiration | (15) | |
Translation and other | (7) | (18) |
Balance, end of period | $ 2,201 | $ 2,167 |
X | ||||||||||
- Definition
The gross amount of increases or decreases in unrecognized tax benefits resulting from translation and other activity. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from settlements with taxing authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions that have been or will be taken in the tax return for the current period, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from lapses of the applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Net Income Attributable To PepsiCo Per Common Share (Basic And Diluted Net Income Attributable To PepsiCo Per Common Share) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 24, 2012
|
Mar. 19, 2011
|
|||||||
Net Income Attributable To PepsiCo Per Common Share [Abstract] | ||||||||
Net income attributable to PepsiCo | $ 1,127 | $ 1,143 | ||||||
Redemption premium | (1) | (2) | ||||||
Net income available for PepsiCo common shareholders - Value | 1,126 | 1,141 | ||||||
Net income available for PepsiCo common shareholders - Shares | 1,568 | [1] | 1,583 | [1] | ||||
Basic net income attributable to PepsiCo per common share | $ 0.72 | $ 0.72 | ||||||
Stock options and RSUs - Shares | 15 | [1],[2] | 21 | [1],[2] | ||||
ESOP convertible preferred stock - Value | 1 | 2 | ||||||
ESOP convertible preferred stock - Shares | 1 | [1] | 1 | [1] | ||||
Diluted shares - Value | $ 1,127 | $ 1,143 | ||||||
Diluted shares - Shares | 1,584 | [1] | 1,605 | [1] | ||||
Diluted net income attributable to PepsiCo per common share | $ 0.71 | $ 0.71 | ||||||
Out-of-the-money options excluded from earnings per share | 29.6 | 31.3 | ||||||
Out-of-the-money options average exercise price | $ 66.93 | $ 66.85 | ||||||
|
X | ||||||||||
- Definition
Weighted-average exercise price of out-of-the-money options excluded from the computation of earnings per share. No definition available.
|
X | ||||||||||
- Definition
The amount resulting from the "as if" assumption that ESOPs were exercised for purposes of computing the dilutive effect of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt Obligations And Commitments (Narrative) (Details) (USD $)
|
Mar. 24, 2012
|
---|---|
Debt Instrument [Line Items] | |
Commercial paper outstanding | $ 1,200,000,000 |
0.750% Senior Notes [Member]
|
|
Debt Instrument [Line Items] | |
Fixed and floating rate notes issued | 750,000,000 |
Interest rate on debt | 0.75% |
Debt instrument maturity year | 2015 |
2.750% Senior Notes [Member]
|
|
Debt Instrument [Line Items] | |
Fixed and floating rate notes issued | 1,250,000,000 |
Interest rate on debt | 2.75% |
Debt instrument maturity year | 2022 |
4.000% Senior Notes [Member]
|
|
Debt Instrument [Line Items] | |
Fixed and floating rate notes issued | $ 750,000,000 |
Interest rate on debt | 4.00% |
Debt instrument maturity year | 2042 |
X | ||||||||||
- Definition
Debt Instrument Maturity Year No definition available.
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Debt Obligations And Commitments (Long-Term Contractual Commitments) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 24, 2012
|
||||||||
Debt Instrument [Line Items] | ||||||||
Total long-term contractual commitments | $ 37,255 | [1] | ||||||
PBG And PAS Acquisition [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Fair value step-up of debt acquired in connection with our acquisitions of PBG and PAS | 441 | |||||||
Long-Term Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Long-term debt obligations | 21,289 | [1],[2] | ||||||
Long-term debt obligations, 2012 | 3,743 | |||||||
Increase in carrying value of long-term debt | 324 | |||||||
Interest On Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Interest on debt obligations | 8,521 | [1],[3] | ||||||
Operating Leases [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Operating leases | 1,861 | [1] | ||||||
Purchasing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Purchasing commitments | 3,123 | [1] | ||||||
Marketing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Marketing commitments | 2,461 | [1] | ||||||
Payments Due By Period 2012 [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Total long-term contractual commitments | 2,391 | [1] | ||||||
Payments Due By Period 2012 [Member] | Interest On Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Interest on debt obligations | 711 | [1],[3] | ||||||
Payments Due By Period 2012 [Member] | Operating Leases [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Operating leases | 367 | [1] | ||||||
Payments Due By Period 2012 [Member] | Purchasing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Purchasing commitments, 2012 | 1,113 | [1] | ||||||
Payments Due By Period 2012 [Member] | Marketing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Marketing commitments | 200 | [1] | ||||||
Payments Due By Period 2013-2014 [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Total long-term contractual commitments | 9,202 | [1] | ||||||
Payments Due By Period 2013-2014 [Member] | Long-Term Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Long-term debt obligations, 2013-2014 | 4,930 | [1],[2] | ||||||
Payments Due By Period 2013-2014 [Member] | Interest On Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Interest on debt obligations | 1,545 | [1],[3] | ||||||
Payments Due By Period 2013-2014 [Member] | Operating Leases [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Operating leases | 632 | [1] | ||||||
Payments Due By Period 2013-2014 [Member] | Purchasing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Purchasing commitments, 2013-2014 | 1,525 | [1] | ||||||
Payments Due By Period 2013-2014 [Member] | Marketing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Marketing commitments | 570 | [1] | ||||||
Payments Due By Period 2015-2016 [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Total long-term contractual commitments | 6,721 | [1] | ||||||
Payments Due By Period 2015-2016 [Member] | Long-Term Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Long-term debt obligations, 2015-2016 | 4,195 | [1],[2] | ||||||
Payments Due By Period 2015-2016 [Member] | Interest On Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Interest on debt obligations | 1,223 | [1],[3] | ||||||
Payments Due By Period 2015-2016 [Member] | Operating Leases [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Operating leases | 355 | [1] | ||||||
Payments Due By Period 2015-2016 [Member] | Purchasing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Purchasing commitments, 2015-2016 | 422 | [1] | ||||||
Payments Due By Period 2015-2016 [Member] | Marketing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Marketing commitments | 526 | [1] | ||||||
Payments Due By Period 2017 And Beyond [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Total long-term contractual commitments | 18,941 | [1] | ||||||
Payments Due By Period 2017 And Beyond [Member] | Long-Term Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Long-term debt obligations, 2017 and beyond | 12,164 | [1],[2] | ||||||
Payments Due By Period 2017 And Beyond [Member] | Interest On Debt Obligations [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Interest on debt obligations | 5,042 | [1],[3] | ||||||
Payments Due By Period 2017 And Beyond [Member] | Operating Leases [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Operating leases | 507 | [1] | ||||||
Payments Due By Period 2017 And Beyond [Member] | Purchasing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Purchasing commitments, 2017 and beyond | 63 | [1] | ||||||
Payments Due By Period 2017 And Beyond [Member] | Marketing Commitments [Member]
|
||||||||
Debt Instrument [Line Items] | ||||||||
Marketing commitments | $ 1,165 | [1] | ||||||
|
X | ||||||||||
- Definition
Fair Value Step Up Of Debt Acquired In Connection With Our Acquisitions No definition available.
|
X | ||||||||||
- Definition
Amount of interest payable in future years. No definition available.
|
X | ||||||||||
- Definition
Total amount of principal repayments, for long-term debt maturing after one year, following the date of the latest balance sheet presented in the financial statements. No definition available.
|
X | ||||||||||
- Definition
Non-cancelable payments on marketing commitments. No definition available.
|
X | ||||||||||
- Definition
The total amount of non-cancelable payments for long-term contractual commitments. No definition available.
|
X | ||||||||||
- Definition
Amount of the fixed and determinable portion of the unrecorded unconditional purchase obligation maturing in the remainder of the fiscal year following the latest fiscal year ended. No definition available.
|
X | ||||||||||
- Definition
The remaining amount of the fixed and determinable portion of an unrecorded unconditional purchase obligation to be paid in years four and five from the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
The remaining amount of the fixed and determinable portion of an unrecorded unconditional purchase obligation to be paid in years two and three from the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
Net increase or decrease in the carrying amount of the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of long-term debt maturing in years four and five following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt maturing in years two and three following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt maturities after year five following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt maturing within the next twelve months following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the fixed and determinable portion of an unrecorded unconditional purchase obligation as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The remaining amount of the fixed and determinable portion of an unrecorded unconditional purchase obligation to be paid after five years from the balance sheet date. No definition available.
|
Restructuring, Impairment And Integration Charges (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 24, 2012
|
Mar. 19, 2011
|
|
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | $ (7) | |
Restructuring and impairment charges, after tax | 23 | |
Restructuring and impairment charges, after tax impact per share | $ 0.01 | |
Non-cash charges | 3 | |
Productivity Plan [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | 33 | |
FLNA [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | 8 | |
QFNA [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | 5 | |
LAF [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | 6 | |
PAB [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | 8 | |
Non-cash charges | 21 | |
AMEA [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | 9 | |
Europe [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | (1) | |
Non-cash charges | (8) | |
Corporate Unallocated Expenses [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and impairment charges | (2) | |
Non-cash charges | 42 | |
PBG, PAS And WBD Acquisitions [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Non-cash charges | 55 | |
Merger and integration charges after-tax | 49 | |
Merger and integration charges, after-tax impact per share | $ 0.03 | |
Wimm Bill Dann Acquisition [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Non-cash charges | 2 | |
Merger and integration charges after-tax | $ 2 |
X | ||||||||||
- Definition
Merger and integration charges after tax. No definition available.
|
X | ||||||||||
- Definition
Merger and integration charges impact per share net of taxes No definition available.
|
X | ||||||||||
- Definition
Restructuring charges, after tax No definition available.
|
X | ||||||||||
- Definition
Restructuring charges, after tax impact per share. No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the balance of the reserve for business combination costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Restructuring, Impairment And Integration Charges (Summary Of Productivity Plan Activity) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
---|---|
Mar. 24, 2012
|
|
Restructuring Cost and Reserve [Line Items] | |
Restructuring and impairment charges | $ (7) |
Productivity Plan [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Liability as of December 31, 2011 | 276 |
Restructuring and impairment charges | 33 |
Cash payments | (44) |
Non-cash charges | (17) |
Liability as of March 24, 2012 | 248 |
Productivity Plan [Member] | Severance And Other Employee Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Liability as of December 31, 2011 | 249 |
Restructuring and impairment charges | (2) |
Cash payments | (24) |
Liability as of March 24, 2012 | 223 |
Productivity Plan [Member] | Asset Impairment [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Restructuring and impairment charges | 17 |
Non-cash charges | (17) |
Productivity Plan [Member] | Other Costs [Member]
|
|
Restructuring Cost and Reserve [Line Items] | |
Liability as of December 31, 2011 | 27 |
Restructuring and impairment charges | 18 |
Cash payments | (20) |
Liability as of March 24, 2012 | $ 25 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of consideration other than cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount provided for estimated restructuring charges, remediation costs, and asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Restructuring, Impairment And Integration Charges (Schedule Of Merger And Integration Activity) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 24, 2012
|
Mar. 19, 2011
|
|
Restructuring Cost and Reserve [Line Items] | ||
Liability as of December 31, 2011 | $ 105 | |
2012 merger and integration charges | 2 | 55 |
Cash payments | (20) | (117) |
Non-cash charges | 3 | |
Liability as of March 24, 2012 | 90 | |
Severance And Other Employee Costs [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Liability as of December 31, 2011 | 98 | |
2012 merger and integration charges | 2 | |
Cash payments | (19) | |
Non-cash charges | 4 | |
Liability as of March 24, 2012 | 85 | |
Other Costs [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Liability as of December 31, 2011 | 7 | |
Cash payments | (1) | |
Non-cash charges | (1) | |
Liability as of March 24, 2012 | $ 5 |
X | ||||||||||
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to merger and integration costs. No definition available.
|
X | ||||||||||
- Definition
Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the balance of the reserve for business combination costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid during the reporting period for charges associated with the mergers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Financial Instruments (Narrative) (Details) (USD $)
|
3 Months Ended | ||
---|---|---|---|
Mar. 24, 2012
|
Dec. 31, 2011
|
Mar. 19, 2011
|
|
Derivatives, Fair Value [Line Items] | |||
Debt obligations | $ 30,000,000,000 | ||
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 | (33,000,000) | ||
Face value of open commodity derivative contracts qualified for hedging | 552,000,000 | 573,000,000 | |
Face value of open commodity derivative contracts not qualified for hedging | 628,000,000 | 300,000,000 | |
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 | (9,000,000) | ||
Foreign currency derivatives at face value, net | 2,700,000,000 | 2,300,000,000 | |
Interest Rate Derivatives [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 | (23,000,000) | ||
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 | 32.00% | 38.00% |
X | ||||||||||
- Definition
The portion of the carrying amount of long-term borrowings outstanding as of the balance-sheet date, including current maturities, which accrues interest at a rate subject to change from time to time. No definition available.
|
X | ||||||||||
- Definition
The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate notional amount of foreign currency exchange rate derivatives. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate notional amount of interest rate derivatives, which relates to the currency amount specified in the interest rate derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate notional amount of all price risk derivatives designated as hedging instruments in cash flow hedges. Notional amount refers to the number of currency units specified in the price risk derivative contract. Excludes notional amount expressed in nonmonetary terms such as for a commodity forward contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate notional amount of all price risk derivatives not designated as hedging instruments. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Instruments (Fair Values Of Financial Assets And Liabilities) (Details) (USD $)
In Millions, unless otherwise specified |
Mar. 24, 2012
|
Mar. 19, 2011
|
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Available-for-sale securities | $ 72 | [1],[2] | $ 70 | [1],[2] | ||||||||||||||||
Short-term investments-index funds | 166 | [1],[3] | 177 | [1],[3] | ||||||||||||||||
Prepaid forward contracts | 37 | [1],[4] | 43 | [1],[4] | ||||||||||||||||
Deferred compensation, Assets | [1],[5] | |||||||||||||||||||
Deferred compensation, Liabilities | 523 | [1],[5] | 553 | [1],[5] | ||||||||||||||||
Total derivatives at fair value, Asset | 461 | [1] | 469 | [1] | ||||||||||||||||
Total derivatives at fair value, Liability | 229 | [1] | 135 | [1] | ||||||||||||||||
Total Financial Assets at fair value | 736 | [1] | 759 | [1] | ||||||||||||||||
Total Financial Liabilities at fair Value | 752 | [1] | 688 | [1] | ||||||||||||||||
Fair Value Financial Liabilities [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Available-for-sale securities | [1],[2] | |||||||||||||||||||
Derivatives Designated As Fair Value Hedging Instruments Assets [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Interest rate derivatives | 274 | [1],[6] | 293 | [1],[6] | ||||||||||||||||
Derivatives Designated As Fair Value Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Interest rate derivatives | 2 | [1],[6] | 4 | [1],[6] | ||||||||||||||||
Derivatives Designated As Hedging Instruments Assets [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Forward exchange contracts | 9 | [1],[7] | 4 | [1],[7] | ||||||||||||||||
Interest rate derivatives | 3 | [1],[6] | ||||||||||||||||||
Commodity contracts | 14 | [1],[8] | 90 | [1],[8] | ||||||||||||||||
Derivatives designated as hedging instruments, Assets, Total | 23 | [1] | 97 | [1] | ||||||||||||||||
Derivatives Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Forward exchange contracts | 18 | [1],[7] | 38 | [1],[7] | ||||||||||||||||
Interest rate derivatives | 12 | [1],[6] | ||||||||||||||||||
Commodity contracts | 42 | [1],[8] | 17 | [1],[8] | ||||||||||||||||
Derivatives designated as hedging instruments, Liabilities, Total | 60 | [1] | 67 | [1] | ||||||||||||||||
Derivatives Not Designated As Hedging Instruments Assets [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Forward exchange contracts | 30 | [1],[7] | 6 | [1],[7] | ||||||||||||||||
Interest rate derivatives | 95 | [1],[6] | 14 | [1],[6] | ||||||||||||||||
Commodity contracts | 39 | [1],[8] | 59 | [1],[8] | ||||||||||||||||
Derivatives not designated as hedging instruments, Assets, Total | 164 | [1] | 79 | [1] | ||||||||||||||||
Derivatives Not Designated As Hedging Instruments Liabilities [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Forward exchange contracts | 9 | [1],[7] | 11 | [1],[7] | ||||||||||||||||
Interest rate derivatives | 128 | [1],[6] | 52 | [1],[6] | ||||||||||||||||
Commodity contracts | 30 | [1],[8] | 1 | [1],[8] | ||||||||||||||||
Derivatives not designated as hedging instruments, Liabilities, Total | 167 | [1] | 64 | [1] | ||||||||||||||||
Level 1 Fair Values Of Assets And Liabilities [Member]
|
||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ||||||||||||||||||||
Deferred compensation, Liabilities | $ 49 | $ 63 | ||||||||||||||||||
|
X | ||||||||||
- Definition
Prepaid Forward Derivative Asset Fair Value No definition available.
|
X | ||||||||||
- Definition
The fair value of the entity's total financial assets. No definition available.
|
X | ||||||||||
- Definition
The fair value of the entity's total financial liabilities. No definition available.
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of all asset derivatives designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of all liability derivatives designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. No definition available.
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of assets held under deferred compensation agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all foreign currency derivative liabilities not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all interest rate derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all interest rate derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all derivative liabilities not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all derivative assets designated as interest rate fair value hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all derivative liabilities designated as interest rate fair value hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of all derivative assets not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of all derivative liabilities not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of all price risk derivative liabilities not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total of financial instruments that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time) or for debt and equity securities formerly categorized as available-for-sale or held-to-maturity which the entity held as of the date it opted to account for such securities at fair value. An enterprise may also categorize such a security as trading without the intent to sell it in the near term assuming the decision to categorize the security as trading occurred at acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Financial Instruments (Effective Portion Of Pre-Tax (Gains)/Losses On Derivative Instruments) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 24, 2012
|
Mar. 19, 2011
|
|||||||
Fair Value/Non-Designated Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Losses/(Gains) Recognized in Income Statement | $ (32) | [1] | $ (62) | [1] | ||||
Cash Flow Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss | 15 | (21) | ||||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement | 12 | [2] | 2 | [2] | ||||
Forward Exchange Contracts [Member] | Fair Value/Non-Designated Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Losses/(Gains) Recognized in Income Statement | (10) | [1] | (1) | [1] | ||||
Forward Exchange Contracts [Member] | Cash Flow Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss | 29 | 25 | ||||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement | (3) | [2] | 5 | [2] | ||||
Interest Rate Derivatives [Member] | Fair Value/Non-Designated Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Losses/(Gains) Recognized in Income Statement | 27 | [1] | (22) | [1] | ||||
Interest Rate Derivatives [Member] | Cash Flow Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss | 4 | (6) | ||||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement | 4 | [2] | 3 | [2] | ||||
Commodity Contracts [Member] | Fair Value/Non-Designated Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Losses/(Gains) Recognized in Income Statement | (49) | [1] | (39) | [1] | ||||
Commodity Contracts [Member] | Cash Flow Hedges [Member]
|
||||||||
Derivatives, Fair Value [Line Items] | ||||||||
(Gains)/Losses Recognized in Accumulated Other Comprehensive Loss | (18) | (40) | ||||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement | $ 11 | [2] | $ (6) | [2] | ||||
|
X | ||||||||||
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Recent Accounting Pronouncements (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 24, 2012
|
Jun. 12, 2010
|
|
Recent Accounting Pronouncements [Abstract] | ||
One-time related tax charge | $ 41 | |
Prescription drug benefit subsidy, income tax benefit | $ 55.0 |
X | ||||||||||
- Definition
One time related tax charge No definition available.
|
X | ||||||||||
- Definition
Prescription Drug Benefit Subsidy, Income Tax Benefit No definition available.
|
X | ||||||||||
- Details
|