Pension and retiree medical, net of tax:

^[2]

Remeasurement of net liabilities

^[3]

109

^[3]

^[4]

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

(1)

^[5]

(18)

^[5]

(20)

^[5]

Total Other Comprehensive Income/(Loss)

(17)

550

(549)

137

899

Comprehensive Income

2,463

1,462

4,684

5,959

Comprehensive income attributable to noncontrolling interests

(11)

(8)

(24)

(101)

Comprehensive Income Attributable to PepsiCo

$ 2,452

$ 1,454

$ 4,660

$ 5,858

[1]	Net of tax expense of $2 million and tax benefits of $10 million for the 12 and 36 weeks in 2012, respectively. Net of tax benefits of $27 million and $21 million for the 12 and 36 weeks in 2011, respectively.
[2]	Net of tax benefits of $7 million and $21 million for the 12 and 36 weeks in 2012, respectively. Net of tax expense of $3 million and $8 million for the 12 and 36 weeks in 2011, respectively.
[3]	Net of tax benefits of $17 million and $61 million for the 12 and 36 weeks in 2012, respectively. Net of tax benefits of $12 million and $26 million for the 12 and 36 weeks in 2011, respectively.
[4]	Net of tax expense of $4 million for the 36 weeks in 2012.
[5]	Net of tax benefits of $6 million and $7 million for the 12 and 36 weeks in 2011, respectively.

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011	Sep. 08, 2012	Sep. 03, 2011
Net derivative (losses)/gains, Tax Effect	$ 2	$ (27)	$ (10)	$ (21)
Reclassification of net losses to net income, Tax Effect	(7)	3	(21)	8
Reclassification of losses/(gains) to net income, Tax Effect	(17)	(12)	(61)	(26)
Remeasurement of net liabilities, Tax Effect			4
Unrealized gains/(losses) on securities, Tax Effect		$ (6)		$ (7)

Tax effect of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income.

+ References+ Details

Tax effect of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

+ References+ Details

Tax effect of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities.

+ References+ Details

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011
Operating Activities
Net income	$ 4,547	$ 5,060
Depreciation and amortization	1,837	1,877
Stock-based compensation expense	193	222
Restructuring and impairment charges	193
Cash payments for restructuring charges	(243)	(1)
Merger and integration charges	7	174
Cash payments for merger and integration charges	(57)	(293)
Restructuring and other charges related to the transaction with Tingyi (Cayman Islands) Holding Corp. (Tingyi)	163
Cash payments for restructuring and other charges related to the transaction with Tingyi	(98)
Excess tax benefits from share-based payment arrangements	(89)	(56)
Pension and retiree medical plan contributions	(1,253)	(185)
Pension and retiree medical plan expenses	414	389
Deferred income taxes and other tax charges and credits	283	132
Change in accounts and notes receivable	(1,300)	(1,643)
Change in inventories	(234)	(466)
Change in prepaid expenses and other current assets	(83)	(54)
Change in accounts payable and other current liabilities	281	142
Change in income taxes payable	736	936
Other, net	(179)	(400)
Net Cash Provided by Operating Activities	5,118	5,834
Investing Activities
Capital spending	(1,409)	(1,962)
Sales of property, plant and equipment	58	46
Acquisition of Wimm-Bill-Dann Foods OJSC (WBD), net of cash and cash equivalents acquired		(2,428)
Investment in WBD		(164)
Cash payments related to the transaction with Tingyi	(298)
Other acquisitions and investments in noncontrolled affiliates	(76)	(160)
Divestitures	7	10
Short-term investments, by original maturity
More than three months - maturities		14
Three months or less, net	(21)	(48)
Other investing, net	11	(3)
Net Cash Used for Investing Activities	(1,728)	(4,695)
Financing Activities
Proceeds from issuances of long-term debt	5,207	3,000
Payments of long-term debt	(1,357)	(1,596)
Debt repurchase		(771)
Short-term borrowings, by original maturity
More than three months - proceeds	53	224
More than three months - payments	(213)	(274)
Three months or less, net	(2,034)	106
Cash dividends paid	(2,470)	(2,349)
Share repurchases - common	(2,328)	(1,929)
Share repurchases - preferred	(5)	(5)
Proceeds from exercises of stock options	927	724
Excess tax benefits from share-based payment arrangements	89	56
Acquisition of noncontrolling interests	(15)	(1,327)
Other financing	(18)	(2)
Net Cash Used for Financing Activities	(2,164)	(4,143)
Effect of exchange rate changes on cash and cash equivalents	16	144
Net Increase/(Decrease) in Cash and Cash Equivalents	1,242	(2,860)
Cash and Cash Equivalents, Beginning of Year	4,067	5,943
Cash and Cash Equivalents, End of Period	$ 5,309	$ 3,083

CONDENSED CONSOLIDATED BALANCE SHEET (USD $) In Millions, unless otherwise specified	Sep. 08, 2012	Dec. 31, 2011
Current Assets
Cash and cash equivalents	$ 5,309	$ 4,067
Short-term investments	402	358
Accounts and notes receivable, less allowance: 9/12 - $156, 12/11 - $157	7,998	6,912
Inventories
Raw materials	1,930	1,883
Work-in-process	253	207
Finished goods	1,722	1,737
Inventory, Net, Total	3,905	3,827
Prepaid expenses and other current assets	1,656	2,277
Total Current Assets	19,270	17,441
Property, Plant and Equipment	34,920	35,140
Accumulated Depreciation	(16,390)	(15,442)
Property, Plant and Equipment, Net, Total	18,530	19,698
Amortizable Intangible Assets, net	1,799	1,888
Goodwill	16,701	16,800
Other Nonamortizable Intangible Assets	14,511	14,557
Nonamortizable Intangible Assets	31,212	31,357
Investments in Noncontrolled Affiliates	1,585	1,477
Other Assets	1,621	1,021
Total Assets	74,017	72,882
Current Liabilities
Short-term obligations	4,211	6,205
Accounts payable and other current liabilities	11,722	11,757
Income taxes payable	287	192
Total Current Liabilities	16,220	18,154
Long-term Debt Obligations	23,732	20,568
Other Liabilities	7,551	8,266
Deferred Income Taxes	4,930	4,995
Total Liabilities	52,433	51,983
Commitments and Contingencies
Preferred Stock, par value	41	41
PepsiCo Common Shareholders' Equity
Common stock, par value 1 2/3 cents per share: Authorized 3,600 shares, issued 9/12 and 12/11 - 1,865 shares	31	31
Capital in excess of par value	4,179	4,461
Retained earnings	42,332	40,316
Accumulated other comprehensive loss	(6,086)	(6,229)
Total PepsiCo Common Shareholders' Equity	21,560	20,704
Noncontrolling interests	145	311
Total Equity	21,584	20,899
Total Liabilities and Equity	74,017	72,882
Preferred Stock
Current Liabilities
Repurchased Preferred Stock	(162)	(157)
PepsiCo Common Shareholders' Equity
Less: repurchased common stock, at cost: 9/12 - 314 shares, 12/11 - 301 shares	(162)	(157)
Total Equity	41
Common Stock
Current Liabilities
Repurchased Preferred Stock	(18,896)	(17,875)
PepsiCo Common Shareholders' Equity
Less: repurchased common stock, at cost: 9/12 - 314 shares, 12/11 - 301 shares	(18,896)	(17,875)
Total Equity	$ 31

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	Sep. 08, 2012	Dec. 31, 2011
Accounts and notes receivable, allowance	$ 156	$ 157
Preferred Stock, no par value
Common stock, Par value	$ 0.0167	$ 0.0167
Common stock, Authorized	3,600	3,600
Common stock, Issued	1,865	1,865
Repurchased common stock, shares	314	301

Balance, beginning of year at Dec. 25, 2010

Issuance value per share of no-par value, nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.

+ References+ Details

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $)
In Millions, unless otherwise specified

Total

Preferred Stock

Repurchased Preferred Stock

Common Stock

Capital in Excess of Par Value

Retained Earnings

Accumulated Other Comprehensive Loss

Repurchased Common Stock

Noncontrolling Interests

$ (150)

$ 4,527

$ 37,090

$ (3,630)

$ (16,745)

$ 312

Balance, beginning of year, shares at Dec. 25, 2010

(0.6)

(284.0)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Redemptions

(5)

Stock-based compensation expense

222

Stock option exercises/RSUs converted

(303)

^[1]

948

Withholding tax on RSUs converted

(54)

Net income attributable to PepsiCo

5,028

Cash dividends declared - common

(2,388)

Cash dividends declared - preferred

(1)

Cash dividends declared - RSUs

(15)

Currency translation adjustment

870

Cash flow hedges, net of tax:

Net derivative losses

(63)

^[2]

(63)

Pension and retiree medical, net of tax:

^[3]

Remeasurement of net liabilities

^[4]

^[5]

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

(20)

^[6]

(20)

Share repurchases (in shares)

(17)

107

(30)

Share repurchases

(1,970)

Stock option exercises/RSUs converted (in shares)

Other (in shares)

Net income attributable to noncontrolling interests

(32)

Distributions to noncontrolling interests

(10)

Acquisitions and divestitures

Balance, end of period at Sep. 03, 2011

24,003

(155)

4,406

39,714

(2,800)

(17,660)

426

Total Common Shareholders' Equity at Sep. 03, 2011

23,691

Balance, end of period, shares at Sep. 03, 2011

(0.8)

(0.6)

(1,865.0)

(297.0)

Balance, beginning of year at Dec. 31, 2011

20,899

(157)

4,461

40,316

(6,229)

(17,875)

311

Balance, beginning of year, shares at Dec. 31, 2011

(0.6)

(301.0)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Redemptions

(5)

Stock-based compensation expense

193

Stock option exercises/RSUs converted

(384)

^[1]

1,225

Withholding tax on RSUs converted

(65)

Net income attributable to PepsiCo

(26)

4,517

Cash dividends declared - common

(2,482)

Cash dividends declared - preferred

(1)

Cash dividends declared - RSUs

(18)

Currency translation adjustment

(8)

(6)

Cash flow hedges, net of tax:

Net derivative losses

(40)

^[2]

(40)

Pension and retiree medical, net of tax:

^[3]

Remeasurement of net liabilities

109

^[4]

109

^[5]

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

^[6]

Share repurchases (in shares)

141

(35)

Share repurchases

(2,387)

Stock option exercises/RSUs converted (in shares)

Other (in shares)

Net income attributable to noncontrolling interests

(30)

Distributions to noncontrolling interests

(15)

Acquisitions and divestitures

(175)

Balance, end of period at Sep. 08, 2012

21,584

(162)

4,179

42,332

(6,086)

(18,896)

145

Total Common Shareholders' Equity at Sep. 08, 2012

$ 21,560

Balance, end of period, shares at Sep. 08, 2012

(0.8)

(0.6)

(1,865.0)

(314.0)

[1]	Includes total tax benefits of $57 million in 2012 and $35 million in 2011.
[2]	Net of tax expense of $2 million and tax benefits of $10 million for the 12 and 36 weeks in 2012, respectively. Net of tax benefits of $27 million and $21 million for the 12 and 36 weeks in 2011, respectively.
[3]	Net of tax benefits of $7 million and $21 million for the 12 and 36 weeks in 2012, respectively. Net of tax expense of $3 million and $8 million for the 12 and 36 weeks in 2011, respectively.
[4]	Net of tax benefits of $17 million and $61 million for the 12 and 36 weeks in 2012, respectively. Net of tax benefits of $12 million and $26 million for the 12 and 36 weeks in 2011, respectively.
[5]	Net of tax expense of $4 million for the 36 weeks in 2012.
[6]	Net of tax benefits of $6 million and $7 million for the 12 and 36 weeks in 2011, respectively.

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (Parenthetical) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011
Stock option exercises/RSUs converted, tax benefits	$ 57	$ 35

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Tax benefit associated with any equity-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits).

+ References+ Details

Basis of Presentation

9 Months Ended

Sep. 08, 2012

Basis of Presentation and Our Divisions

Basis of Presentation

Our Condensed Consolidated Statements of Income and Comprehensive Income for the 12 and 36 weeks ended September 8, 2012 and September 3, 2011, our Condensed Consolidated Statements of Cash Flows for the 36 weeks ended September 8, 2012 and September 3, 2011, our Condensed Consolidated Balance Sheet as of September 8, 2012 and our Condensed Consolidated Statements of Equity for the 36 weeks ended September 8, 2012 and September 3, 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 and 36 weeks are not necessarily indicative of the results expected for the full year.

While our North America results are reported on a period calendar basis, most of our international operations report on a monthly calendar basis for which the months of June, July and August are reflected in our third quarter results.

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:


1.	PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (QFNA) and all of our Latin American food and snack businesses (LAF);


2.	PepsiCo Americas Beverages (PAB), which includes all of our North American and Latin American beverage businesses;


3.	PepsiCo Europe, which includes all beverage, food and snack businesses in Europe and South Africa; and


4.	PepsiCo Asia, Middle East and Africa (AMEA), which includes all beverage, food and snack businesses in AMEA, excluding South Africa.

Our four business units comprise six reportable segments (also referred to as divisions), as follows:


•	FLNA,


•	QFNA,


•	LAF,


•	PAB,


•	Europe, and


•	AMEA.



	12 Weeks Ended						36 Weeks Ended
	9/8/2012			9/3/2011			9/8/2012			9/3/2011
Net Revenue
FLNA	$	3,269		$	3,173		$	9,472		$	9,167
QFNA	615			614			1,821			1,837
LAF	1,883			1,841			5,066			4,757
PAB	5,530			5,947			15,330			16,107
Europe	3,691			3,909			9,153			9,329
AMEA	1,664			2,098			4,696			5,149
	$	16,652		$	17,582		$	45,538		$	46,346

	12 Weeks Ended						36 Weeks Ended
	9/8/2012			9/3/2011			9/8/2012			9/3/2011
Operating Profit
FLNA	$	917		$	918		$	2,532		$	2,545
QFNA	154			177			495			558
LAF	219			275			673			720
PAB	837			992			2,202			2,533
Europe	483			514			1,017			984
AMEA	317			285			630			730
Total division	2,927			3,161			7,549			8,070
Corporate Unallocated
Net impact of mark-to-market on commodity hedges	121			(53		)	126			(31		)
Restructuring and impairment charges	(7		)	—			(8		)	—
Merger and integration charges	2			(10		)	—			(64		)
Other	(243		)	(192		)	(768		)	(589		)
	$	2,800		$	2,906		$	6,899		$	7,386



	Total Assets
	9/8/2012		12/31/2011
FLNA	$	6,075	$	6,120
QFNA	1,223		1,174
LAF	4,734		4,731
PAB	31,925		31,187
Europe	18,959		18,479
AMEA	5,669		6,048
Total division	68,585		67,739
Corporate^(a)	5,432		5,143
	$	74,017	$	72,882


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

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

Acquisitions and Divestitures

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+ Details

Acquisitions and Divestitures

9 Months Ended

Sep. 08, 2012

Business Combinations [Abstract]



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 , we completed a transaction with 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 recorded restructuring and other charges of $137 million ($163 million after-tax or $0.10 per share), primarily consisting of employee-related charges, in our second quarter 2012 results. This charge is reflected in items affecting comparability (see “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations).

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).

Goodwill and Intangible Assets Disclosure [Abstract]

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-Name Statement of Financial Accounting Standard (FAS)

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-Paragraph F4

-Subparagraph e

-Appendix F

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+ Details

Intangible Assets

9 Months Ended

Sep. 08, 2012

Intangible Assets Disclosure [Text Block]



Intangible Assets



	9/8/2012			12/31/2011
Amortizable intangible assets, net
Acquired franchise rights	$	932		$	916
Reacquired franchise rights	110			110
Brands	1,432			1,417
Other identifiable intangibles	701			777
	3,175			3,220
Accumulated amortization	(1,376		)	(1,332		)
	$	1,799		$	1,888

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



	Balance		Acquisitions/ Divestitures			Translation and Other				Balance
	12/31/2011									9/8/2012
FLNA
Goodwill	$	311	$	—		$	7			$	318
Brands	30		—			2				32
	341		—			9				350

QFNA
Goodwill	175		—			—				175

LAF
Goodwill	793		(83		)	(17		)		693
Brands	157		109			(15		)		251
	950		26			(32		)		944

PAB
Goodwill	9,932		23			42				9,997
Reacquired franchise rights	7,342		(33		)	42				7,351
Acquired franchise rights	1,562		9			3				1,574
Brands	168		—			(17		)		151
	19,004		(1		)	70				19,073

Europe
Goodwill	4,900		78			(16		)		4,962
Reacquired franchise rights	732		—			(2		)		730
Acquired franchise rights	218		—			(5		)		213
Brands	4,178		(96		)	(21		)	^(a)	4,061
	10,028		(18		)	(44		)		9,966

AMEA
Goodwill	689		(142		)	9				556
Brands	170		(24		)	2				148
	859		(166		)	11				704

Total goodwill	16,800		(124		)	25				16,701
Total reacquired franchise rights	8,074		(33		)	40				8,081
Total acquired franchise rights	1,780		9			(2		)		1,787
Total brands	4,703		(11		)	(49		)		4,643
	$	31,357	$	(159	)	$	14			$	31,212

(a)In the 12 and 36 weeks ended September 8, 2012, we recorded an impairment charge of $23 million, primarily related to our business operations in Greece.

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The entire disclosure for all or part of the information related to intangible assets.

+ References+ Details

Stock-Based Compensation

9 Months Ended

Sep. 08, 2012

Stock-Based Compensation



Stock-Based Compensation

In the 12 weeks ended September 8, 2012, we recognized stock-based compensation expense of $69 million ($68 million recorded as stock-based compensation expense and $1 million included in merger and integration charges). In the 36 weeks ended September 8, 2012, we recognized stock-based compensation expense of $188 million ($193 million recorded as stock-based compensation expense, $2 million included in merger and integration charges and income of $7 million included in restructuring and impairment charges). In the 12 weeks ended September 3, 2011, we recognized stock-based compensation expense of $77 million ($76 million recorded as stock-based compensation expense and $1 million included in merger and integration charges). In the 36 weeks ended September 3, 2011, we recognized stock-based compensation expense of $232 million ($222 million recorded as stock-based compensation expense and $10 million included in merger and integration charges).

In the 12 weeks ended September 8, 2012, our grants of stock options and restricted stock units (RSU) were nominal. In the 36 weeks ended September 8, 2012, we granted 3.6 million stock options and 4.3 million RSUs at weighted-average grant prices of $66.94 and $66.51, respectively, under the terms of our 2007 Long-Term Incentive Plan. In the 12 weeks ended September 3, 2011, our grants of stock options and RSUs were nominal. In the 36 weeks ended September 3, 2011, we granted 6.8 million stock options and 5.2 million RSUs at weighted-average grant prices of $64.28 and $63.88, respectively, under the terms of our 2007 Long-Term Incentive Plan.

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



	36 Weeks Ended
	9/8/2012		9/3/2011
Expected life	6 years		6 years
Risk free interest rate	1.3	%	2.5	%
Expected volatility^(a)	17	%	16	%
Expected dividend yield	3.0	%	2.9	%


(a)	Reflects movements in our stock price over the most recent historical period equivalent to the expected life.

In the 36 weeks ended September 8, 2012, as part of our 2007 Long-Term Incentive Plan, we granted a nominal amount of PepsiCo equity performance units (PEPUnits) to certain executive officers. These PEPUnits are earned based on achievement of a cumulative net income performance target and provide an opportunity to earn shares of PepsiCo Common Stock with a value that adjusts based upon absolute changes in PepsiCo’s stock price as well as PepsiCo’s Total Shareholder Return relative to the S&P 500 over a three-year performance period.

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.

Compensation and Retirement Disclosure [Abstract]

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+ Details

Pension and Retiree Medical Benefits

9 Months Ended

Sep. 08, 2012

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:



	12 Weeks Ended
	Pension												Retiree Medical
	9/8/2012			9/3/2011			9/8/2012			9/3/2011			9/8/2012			9/3/2011
	U.S.						International
Service cost	$	93		$	80		$	23		$	22		$	12		$	12
Interest cost	124			127			27			28			15			20
Expected return on plan assets	(183		)	(163		)	(34		)	(32		)	(5		)	(3		)
Amortization of prior service cost/(benefit)	4			3			—			1			(6		)	(6		)
Amortization of experience loss	60			34			13			10			—			2
	98			81			29			29			16			25
Settlement/Curtailment gain	—			—			(2		)	—			—			—
Special termination benefits	2			—			—			—			—			—
Total expense	$	100		$	81		$	27		$	29		$	16		$	25

	36 Weeks Ended
	Pension												Retiree Medical
	9/8/2012			9/3/2011			9/8/2012			9/3/2011			9/8/2012			9/3/2011
	U.S.						International
Service cost	$	282		$	242		$	65		$	62		$	35		$	35
Interest cost	370			379			75			77			45			61
Expected return on plan assets	(550		)	(487		)	(95		)	(89		)	(15		)	(10		)
Amortization of prior service cost/(benefit)	12			10			1			2			(18		)	(19		)
Amortization of experience loss	179			101			35			26			—			8
	293			245			81			78			47			75
Settlement/Curtailment (gain)/loss	(7		)	(9		)	1			—			—			—
Special termination benefits	6			10			—			—			4			1
Total expense	$	292		$	246		$	82		$	78		$	51		$	76

During the first quarter of 2012, as part of our ongoing program to reduce volatility associated with our pension plans, we made discretionary contributions of $860 million to our pension plans and $140 million to our retiree medical plans.

The entire disclosure for pension and other postretirement benefits.

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+ Details

Income Taxes

9 Months Ended

Sep. 08, 2012

Income Tax Disclosure [Abstract]

Income Taxes



Income Taxes

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



	9/8/2012			12/31/2011
Balance, beginning of year	$	2,167		$	2,022
Additions for tax positions related to the current year	190			233
Additions for tax positions from prior years	101			147
Reductions for tax positions from prior years	(25		)	(46		)
Settlement payments	(10		)	(156		)
Statute of limitations expiration	—			(15		)
Translation and other	5			(18		)
Balance, end of period	$	2,428		$	2,167

On September 20, 2012, during our fourth quarter, the U.S. Tax Court issued a decision in our favor in the tax court trial related to classification of financial instruments for the 1998-2002 audit cycle. This decision remains subject to appeal by the U.S. government.

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.

Net Income Attributable to PepsiCo per Common Share

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+ Details

Net Income Attributable to PepsiCo per Common Share

9 Months Ended

Sep. 08, 2012

Earnings Per Share [Abstract]



Net Income Attributable to PepsiCo per Common Share

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



	12 Weeks Ended
	9/8/2012				9/3/2011
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	1,902			$	2,000
Preferred shares:
Dividends	—				—
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	1,901		1,556	$	1,999		1,578
Basic net income attributable to PepsiCo per common share	$	1.22			$	1.27
Net income available for PepsiCo common shareholders	$	1,901		1,556	$	1,999		1,578
Dilutive securities:
Stock options and RSUs^(b)	—			18	—			20
ESOP convertible preferred stock	1			1	1			1
Diluted	$	1,902		1,575	$	2,000		1,599
Diluted net income attributable to PepsiCo per common share	$	1.21			$	1.25



	36 Weeks Ended
	9/8/2012				9/3/2011
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	4,517			$	5,028
Preferred shares:
Dividends	(1		)		(1		)
Redemption premium	(4		)		(4		)
Net income available for PepsiCo common shareholders	$	4,512		1,562	$	5,023		1,581
Basic net income attributable to PepsiCo per common share	$	2.89			$	3.18
Net income available for PepsiCo common shareholders	$	4,512		1,562	$	5,023		1,581
Dilutive securities:
Stock options and RSUs^(b)	—			17	—			21
ESOP convertible preferred stock	5			1	5			1
Diluted	$	4,517		1,580	$	5,028		1,603
Diluted net income attributable to PepsiCo per common share	$	2.86			$	3.14


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

(b)

Options to purchase 0.6 million and 13.5 million shares, respectively, for the 12 and 36 weeks in 2012 were not included in the calculation of earnings per share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $72.26 and $67.51, respectively. Options to purchase 22.1 million and 21.2 million shares, respectively, for the 12 and 36 weeks in 2011 were not included in the calculation of earnings per share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $67.67 and $67.46, respectively.

Debt Obligations and Commitments [Abstract]

The entire disclosure for earnings per share.

+ References+ Details

Debt Obligations and Commitments

9 Months Ended

Sep. 08, 2012

Debt Obligations and Commitments



Debt Obligations and Commitments

In the first quarter of 2012, we issued:


•	$750 million of 0.750% senior notes maturing in 2015;


•	$1.250 billion of 2.750% senior notes maturing in 2022; and


•	$750 million of 4.000% senior notes maturing in 2042.

In the third quarter of 2012, we issued:


•	$900 million of 0.700% senior notes maturing in 2015;


•	$1.000 billion of 1.250% senior notes maturing in 2017; and


•	$600 million of 3.600% senior notes maturing in 2042.

The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper.

In the second quarter of 2012, we extended the termination date of our four-year unsecured revolving credit agreement (Four-Year Credit Agreement) from June 14, 2015 to June 14, 2016 and the termination date of our 364-day unsecured revolving credit agreement (364-Day Credit Agreement) from June 12, 2012 to June 11, 2013. Funds borrowed under the Four-Year Credit Agreement and the 364-Day Credit Agreement may be used for general corporate purposes of PepsiCo and its subsidiaries, including, but not limited to, working capital, capital investments and acquisitions.

As of September 8, 2012, we had $0.9 billion of commercial paper outstanding.

Long-Term Contractual Commitments^(a)



	Payments Due by Period
	Total		2012		2013 – 2014		2015 – 2016		2017 and beyond
Long-term debt obligations^(b)	$	22,989	$	—	$	4,153	$	5,093	$	13,743
Interest on debt obligations^(c)	8,882		300		1,656		1,311		5,615
Operating leases	1,754		142		680		388		544
Purchasing commitments	2,450		394		1,664		331		61
Marketing commitments	2,364		78		596		540		1,150
	$	38,439	$	914	$	8,749	$	7,663	$	21,113


(a)	Reflects non-cancelable commitments as of September 8, 2012 based on foreign exchange rates in effect on the balance sheet date and excludes any reserves for uncertain tax positions as we are unable to reasonably predict the ultimate amount or timing of settlement.


(b)	Excludes $3,054 million related to current maturities of long-term debt, $390 million related to the fair value step-up of debt acquired in connection with our acquisitions of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS), and $353 million related to the increase in carrying value of long-term debt reflecting the gains on our fair value interest rate swaps.


(c)	Interest payments on floating-rate debt are estimated using interest rates effective as of September 8, 2012.

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.

Restructuring, Impairment and Integration Charges

9 Months Ended

Sep. 08, 2012

Restructuring and Related Activities [Abstract]

Restructuring, Impairment and Integration Charges



Restructuring, Impairment and Integration Charges

In the 12 weeks ended September 8, 2012, we incurred restructuring and impairment charges of $83 million ($59 million after-tax or $0.04 per share) in conjunction with our multi-year productivity plan (Productivity Plan), including $8 million recorded in the FLNA segment, $1 million recorded in the QFNA segment, $29 million recorded in the LAF segment, $33 million recorded in the PAB segment, $6 million recorded in the AMEA segment, $7 million recorded in corporate unallocated expenses and income of $1 million recorded in the Europe segment representing adjustments of previously recorded amounts. In the 36 weeks ended September 8, 2012, we incurred restructuring and impairment charges of $193 million ($139 million after-tax or $0.09 per share) in conjunction with our Productivity Plan, including $40 million recorded in the FLNA segment, $7 million recorded in the QFNA segment, $41 million recorded in the LAF segment, $76 million recorded in the PAB segment, $23 million recorded in the AMEA segment, $8 million recorded in corporate unallocated expenses and income of $2 million recorded in the Europe segment representing adjustments of previously recorded amounts. All of these net charges were recorded in selling, general and administrative expenses. The majority of 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:



	Severance and Other Employee Costs			Asset Impairment			Other Costs			Total
Liability as of December 31, 2011	$	249		$	—		$	27		$	276
2012 restructuring and impairment charges	51			57			85			193
Cash payments	(173		)	—			(70		)	(243		)
Non-cash charges	(7		)	(57		)	(2		)	(66		)
Liability as of September 8, 2012	$	120		$	—		$	40		$	160

In the 12 weeks ended September 8, 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, including $4 million recorded in the Europe segment and income of $2 million recorded in corporate unallocated expenses representing adjustments of previously recorded amounts. In the 36 weeks ended September 8, 2012, we incurred merger and integration charges of $7 million ($6 million after-tax with a nominal amount per share) related to our acquisition of WBD, all of which were recorded in the Europe segment. These charges were recorded in selling, general and administrative expenses. The majority of cash payments related to these charges are expected to be paid by the end of 2012.

In the 12 weeks ended September 3, 2011, we incurred merger and integration charges of $61 million ($53 million after-tax or $0.03 per share) related to our acquisitions of PBG, PAS and WBD, including $24 million recorded in the PAB segment, $11 million recorded in the Europe segment, $10 million recorded in corporate unallocated expenses and $16 million recorded in interest expense. In the 36 weeks ended September 3, 2011, we incurred merger and integration charges of $174 million ($147 million after-tax or $0.09 per share) related to our acquisitions of PBG, PAS and WBD, including $77 million recorded in the PAB segment, $17 million recorded in the Europe segment, $64 million recorded in corporate unallocated expenses and $16 million recorded in interest expense. All of these net charges, other than the interest expense portion, were recorded in selling, general and administrative expenses. These charges also include closing costs and advisory fees related to our acquisition of WBD. Substantially all cash payments related to these charges were paid by the end of 2011.

A summary of our merger and integration activity in 2012 is as follows:



	Severance and Other Employee Costs			Other Costs			Total
Liability as of December 31, 2011	$	98		$	7		$	105
2012 merger and integration charges	2			5			7
Cash payments	(50		)	(7		)	(57		)
Non-cash charges	(6		)	—			(6		)
Liability as of September 8, 2012	$	44		$	5		$	49

Financial Instruments

9 Months Ended

Sep. 08, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments



Financial Instruments

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


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


•	foreign exchange rates and currency restrictions, and


•	interest rates.

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. We classify both the earnings and cash flow impact from these derivatives consistent with the underlying hedged item. 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. 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. 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 $488 million as of September 8, 2012 and $586 million as of September 3, 2011.

Our open commodity derivative contracts that do not qualify for hedge accounting had a face value of $636 million as of September 8, 2012 and $537 million as of September 3, 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 $2.5 billion as of September 8, 2012 and September 3, 2011. During the next 12 months, we expect to reclassify net losses of $17 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 September 8, 2012 and September 3, 2011 were $7.3 billion and $8.9 billion, respectively. 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 September 8, 2012, approximately 26% 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 September 8, 2012 and September 3, 2011 are categorized as follows:



	2012				2011
	Assets(a)		Liabilities(a)		Assets(a)		Liabilities(a)
Available-for-sale securities^(b)	$	61	$	—	$	61	$	—
Short-term investments – index funds^(c)	$	164	$	—	$	159	$	—
Prepaid forward contracts^(d)	$	41	$	—	$	38	$	—
Deferred compensation^(e)	$	—	$	503	$	—	$	519
Derivatives designated as fair value hedging instruments:
Interest rate derivatives^(f)	$	293	$	—	$	428	$	—
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts^(g)	$	10	$	31	$	12	$	23
Interest rate derivatives^(f)	—		—		—		56
Commodity contracts^(h)	13		38		28		17
	$	23	$	69	$	40	$	96
Derivatives not designated as hedging instruments:
Foreign exchange contracts^(g)	$	30	$	6	$	5	$	19
Interest rate derivatives^(f)	128		159		104		140
Commodity contracts^(h)	84		25		24		30
	$	242	$	190	$	133	$	189
Total derivatives at fair value	$	558	$	259	$	601	$	285
Total	$	824	$	762	$	859	$	804

(a)

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


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


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


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


(e)	Based on the fair value of investments corresponding to employees’ investment elections. As of September 8, 2012 and September 3, 2011, $11 million and $43 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.


(f)	Based on LIBOR forward rates.


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


(h)	Based on recently reported market transactions, primarily swap arrangements.

The fair value of our debt obligations as of September 8, 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.



	12 Weeks Ended
	Fair Value/Non- designated Hedges						Cash Flow Hedges
	(Gains)/Losses Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2012			9/3/2011			9/8/2012			9/3/2011			9/8/2012			9/3/2011
Foreign exchange contracts	$	(9	)	$	7		$	41		$	(9	)	$	(6	)	$	9
Interest rate derivatives	(5		)	(84		)	—			42			6			4
Commodity contracts	(99		)	29			(28		)	40			20			(12		)
Total	$	(113	)	$	(48	)	$	13		$	73		$	20		$	1



	36 Weeks Ended
	Fair Value/Non- designated Hedges						Cash Flow Hedges
	(Gains)/Losses Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss					Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2012			9/3/2011			9/8/2012		9/3/2011			9/8/2012			9/3/2011
Foreign exchange contracts	$	(16	)	$	8		$	37	$	28		$	(4	)	$	30
Interest rate derivatives	3			(162		)	4		71			15			10
Commodity contracts	(76		)	(17		)	9		(15		)	47			(37		)
Total	$	(89	)	$	(171	)	$	50	$	84		$	58		$	3


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


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

Recent Accounting Pronouncements

9 Months Ended

Sep. 08, 2012

New Accounting Pronouncements and Changes in Accounting Principles [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 the first quarter of 2012.

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. The provisions of the 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 and 36 weeks ended September 8, 2012 and September 3, 2011 as two separate but consecutive statements. In June 2012, the FASB issued a new proposal that would require an entity to provide enhanced footnote disclosures to explain the effect of reclassification adjustments on other comprehensive income by component and provide a tabular disclosure in the footnotes showing the effect of items reclassified from accumulated other comprehensive income on the line items of net income. We will continue to monitor the FASB’s activities related to the proposed guidance.

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 were effective for, and had no impact on, our 2012 annual goodwill impairment test results.

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.

In July 2012, the FASB issued new accounting guidance that permits an entity to first assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform a quantitative impairment test. An entity would continue to calculate the fair value of an indefinite-lived intangible asset if the asset fails the qualitative assessment, while no further analysis would be required if it passes. The provisions of the new guidance are effective as of the beginning of our 2013 fiscal year; we do not expect the new guidance to have an impact on the 2013 impairment test results.

Basis of Presentation (Tables)

9 Months Ended

Sep. 08, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Segment Reporting Information, By Segment

Our four business units comprise six reportable segments (also referred to as divisions), as follows:


•	FLNA,


•	QFNA,


•	LAF,


•	PAB,


•	Europe, and


•	AMEA.



	12 Weeks Ended						36 Weeks Ended
	9/8/2012			9/3/2011			9/8/2012			9/3/2011
Net Revenue
FLNA	$	3,269		$	3,173		$	9,472		$	9,167
QFNA	615			614			1,821			1,837
LAF	1,883			1,841			5,066			4,757
PAB	5,530			5,947			15,330			16,107
Europe	3,691			3,909			9,153			9,329
AMEA	1,664			2,098			4,696			5,149
	$	16,652		$	17,582		$	45,538		$	46,346

	12 Weeks Ended						36 Weeks Ended
	9/8/2012			9/3/2011			9/8/2012			9/3/2011
Operating Profit
FLNA	$	917		$	918		$	2,532		$	2,545
QFNA	154			177			495			558
LAF	219			275			673			720
PAB	837			992			2,202			2,533
Europe	483			514			1,017			984
AMEA	317			285			630			730
Total division	2,927			3,161			7,549			8,070
Corporate Unallocated
Net impact of mark-to-market on commodity hedges	121			(53		)	126			(31		)
Restructuring and impairment charges	(7		)	—			(8		)	—
Merger and integration charges	2			(10		)	—			(64		)
Other	(243		)	(192		)	(768		)	(589		)
	$	2,800		$	2,906		$	6,899		$	7,386

Segment Reporting Information By Total Assets



	Total Assets
	9/8/2012		12/31/2011
FLNA	$	6,075	$	6,120
QFNA	1,223		1,174
LAF	4,734		4,731
PAB	31,925		31,187
Europe	18,959		18,479
AMEA	5,669		6,048
Total division	68,585		67,739
Corporate^(a)	5,432		5,143
	$	74,017	$	72,882


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

Goodwill and Intangible Assets Disclosure [Abstract]

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Intangible Assets (Tables)

9 Months Ended

Sep. 08, 2012

Schedule of Amortizable Intangible Assets



Intangible Assets



	9/8/2012			12/31/2011
Amortizable intangible assets, net
Acquired franchise rights	$	932		$	916
Reacquired franchise rights	110			110
Brands	1,432			1,417
Other identifiable intangibles	701			777
	3,175			3,220
Accumulated amortization	(1,376		)	(1,332		)
	$	1,799		$	1,888

Schedule Of Change In Book Value Of Nonamortizable Intangible Assets

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



	Balance		Acquisitions/ Divestitures			Translation and Other				Balance
	12/31/2011									9/8/2012
FLNA
Goodwill	$	311	$	—		$	7			$	318
Brands	30		—			2				32
	341		—			9				350

QFNA
Goodwill	175		—			—				175

LAF
Goodwill	793		(83		)	(17		)		693
Brands	157		109			(15		)		251
	950		26			(32		)		944

PAB
Goodwill	9,932		23			42				9,997
Reacquired franchise rights	7,342		(33		)	42				7,351
Acquired franchise rights	1,562		9			3				1,574
Brands	168		—			(17		)		151
	19,004		(1		)	70				19,073

Europe
Goodwill	4,900		78			(16		)		4,962
Reacquired franchise rights	732		—			(2		)		730
Acquired franchise rights	218		—			(5		)		213
Brands	4,178		(96		)	(21		)	^(a)	4,061
	10,028		(18		)	(44		)		9,966

AMEA
Goodwill	689		(142		)	9				556
Brands	170		(24		)	2				148
	859		(166		)	11				704

Total goodwill	16,800		(124		)	25				16,701
Total reacquired franchise rights	8,074		(33		)	40				8,081
Total acquired franchise rights	1,780		9			(2		)		1,787
Total brands	4,703		(11		)	(49		)		4,643
	$	31,357	$	(159	)	$	14			$	31,212

(a)In the 12 and 36 weeks ended September 8, 2012, we recorded an impairment charge of $23 million, primarily related to our business operations in Greece.

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 08, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions

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



	36 Weeks Ended
	9/8/2012		9/3/2011
Expected life	6 years		6 years
Risk free interest rate	1.3	%	2.5	%
Expected volatility^(a)	17	%	16	%
Expected dividend yield	3.0	%	2.9	%

Pension and Retiree Medical Benefits (Tables)

9 Months Ended

Sep. 08, 2012

Compensation and Retirement Disclosure [Abstract]

Components Of Benefit Expense

The components of net periodic benefit cost for pension and retiree medical plans are as follows:



	12 Weeks Ended
	Pension												Retiree Medical
	9/8/2012			9/3/2011			9/8/2012			9/3/2011			9/8/2012			9/3/2011
	U.S.						International
Service cost	$	93		$	80		$	23		$	22		$	12		$	12
Interest cost	124			127			27			28			15			20
Expected return on plan assets	(183		)	(163		)	(34		)	(32		)	(5		)	(3		)
Amortization of prior service cost/(benefit)	4			3			—			1			(6		)	(6		)
Amortization of experience loss	60			34			13			10			—			2
	98			81			29			29			16			25
Settlement/Curtailment gain	—			—			(2		)	—			—			—
Special termination benefits	2			—			—			—			—			—
Total expense	$	100		$	81		$	27		$	29		$	16		$	25

	36 Weeks Ended
	Pension												Retiree Medical
	9/8/2012			9/3/2011			9/8/2012			9/3/2011			9/8/2012			9/3/2011
	U.S.						International
Service cost	$	282		$	242		$	65		$	62		$	35		$	35
Interest cost	370			379			75			77			45			61
Expected return on plan assets	(550		)	(487		)	(95		)	(89		)	(15		)	(10		)
Amortization of prior service cost/(benefit)	12			10			1			2			(18		)	(19		)
Amortization of experience loss	179			101			35			26			—			8
	293			245			81			78			47			75
Settlement/Curtailment (gain)/loss	(7		)	(9		)	1			—			—			—
Special termination benefits	6			10			—			—			4			1
Total expense	$	292		$	246		$	82		$	78		$	51		$	76

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.

Basic And Diluted Net Income Attributable To PepsiCo Per Common Share

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 55

-Paragraph 17

-URI http://asc.fasb.org/extlink&oid=21916443&loc=d3e4179-114921

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2439-114920

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2410-114920

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5, 6, 7

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

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 4, 7, 16, 20, 21

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

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph d

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

+ Details

Income Taxes (Tables)

9 Months Ended

Sep. 08, 2012

Income Tax Disclosure [Abstract]

Reserves Rollforward

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



	9/8/2012			12/31/2011
Balance, beginning of year	$	2,167		$	2,022
Additions for tax positions related to the current year	190			233
Additions for tax positions from prior years	101			147
Reductions for tax positions from prior years	(25		)	(46		)
Settlement payments	(10		)	(156		)
Statute of limitations expiration	—			(15		)
Translation and other	5			(18		)
Balance, end of period	$	2,428		$	2,167

Net Income Attributable to PepsiCo per Common Share (Tables)

9 Months Ended

Sep. 08, 2012

Earnings Per Share [Abstract]



Net Income Attributable to PepsiCo per Common Share

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



	12 Weeks Ended
	9/8/2012				9/3/2011
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	1,902			$	2,000
Preferred shares:
Dividends	—				—
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	1,901		1,556	$	1,999		1,578
Basic net income attributable to PepsiCo per common share	$	1.22			$	1.27
Net income available for PepsiCo common shareholders	$	1,901		1,556	$	1,999		1,578
Dilutive securities:
Stock options and RSUs^(b)	—			18	—			20
ESOP convertible preferred stock	1			1	1			1
Diluted	$	1,902		1,575	$	2,000		1,599
Diluted net income attributable to PepsiCo per common share	$	1.21			$	1.25



	36 Weeks Ended
	9/8/2012				9/3/2011
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	4,517			$	5,028
Preferred shares:
Dividends	(1		)		(1		)
Redemption premium	(4		)		(4		)
Net income available for PepsiCo common shareholders	$	4,512		1,562	$	5,023		1,581
Basic net income attributable to PepsiCo per common share	$	2.89			$	3.18
Net income available for PepsiCo common shareholders	$	4,512		1,562	$	5,023		1,581
Dilutive securities:
Stock options and RSUs^(b)	—			17	—			21
ESOP convertible preferred stock	5			1	5			1
Diluted	$	4,517		1,580	$	5,028		1,603
Diluted net income attributable to PepsiCo per common share	$	2.86			$	3.14


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

(b)

Debt Obligations and Commitments (Tables)

9 Months Ended

Sep. 08, 2012

Debt Obligations and Commitments [Abstract]

Schedule Of Long-Term Contractual Commitments

Long-Term Contractual Commitments^(a)



	Payments Due by Period
	Total		2012		2013 – 2014		2015 – 2016		2017 and beyond
Long-term debt obligations^(b)	$	22,989	$	—	$	4,153	$	5,093	$	13,743
Interest on debt obligations^(c)	8,882		300		1,656		1,311		5,615
Operating leases	1,754		142		680		388		544
Purchasing commitments	2,450		394		1,664		331		61
Marketing commitments	2,364		78		596		540		1,150
	$	38,439	$	914	$	8,749	$	7,663	$	21,113


(a)	Reflects non-cancelable commitments as of September 8, 2012 based on foreign exchange rates in effect on the balance sheet date and excludes any reserves for uncertain tax positions as we are unable to reasonably predict the ultimate amount or timing of settlement.


(b)	Excludes $3,054 million related to current maturities of long-term debt, $390 million related to the fair value step-up of debt acquired in connection with our acquisitions of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS), and $353 million related to the increase in carrying value of long-term debt reflecting the gains on our fair value interest rate swaps.


(c)	Interest payments on floating-rate debt are estimated using interest rates effective as of September 8, 2012.

Restructuring, Impairment and Integration Charges (Tables)

9 Months Ended

Sep. 08, 2012

Restructuring and Related Activities [Abstract]

Summary Of Productivity Plan Activity

A summary of our Productivity Plan activity in 2012 is as follows:



	Severance and Other Employee Costs			Asset Impairment			Other Costs			Total
Liability as of December 31, 2011	$	249		$	—		$	27		$	276
2012 restructuring and impairment charges	51			57			85			193
Cash payments	(173		)	—			(70		)	(243		)
Non-cash charges	(7		)	(57		)	(2		)	(66		)
Liability as of September 8, 2012	$	120		$	—		$	40		$	160

Schedule Of Merger And Integration Activity

A summary of our merger and integration activity in 2012 is as follows:



	Severance and Other Employee Costs			Other Costs			Total
Liability as of December 31, 2011	$	98		$	7		$	105
2012 merger and integration charges	2			5			7
Cash payments	(50		)	(7		)	(57		)
Non-cash charges	(6		)	—			(6		)
Liability as of September 8, 2012	$	44		$	5		$	49

Financial Instruments (Tables)

9 Months Ended

Sep. 08, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Financial Assets and Liabilities

The fair values of our financial assets and liabilities as of September 8, 2012 and September 3, 2011 are categorized as follows:



	2012				2011
	Assets(a)		Liabilities(a)		Assets(a)		Liabilities(a)
Available-for-sale securities^(b)	$	61	$	—	$	61	$	—
Short-term investments – index funds^(c)	$	164	$	—	$	159	$	—
Prepaid forward contracts^(d)	$	41	$	—	$	38	$	—
Deferred compensation^(e)	$	—	$	503	$	—	$	519
Derivatives designated as fair value hedging instruments:
Interest rate derivatives^(f)	$	293	$	—	$	428	$	—
Derivatives designated as cash flow hedging instruments:
Foreign exchange contracts^(g)	$	10	$	31	$	12	$	23
Interest rate derivatives^(f)	—		—		—		56
Commodity contracts^(h)	13		38		28		17
	$	23	$	69	$	40	$	96
Derivatives not designated as hedging instruments:
Foreign exchange contracts^(g)	$	30	$	6	$	5	$	19
Interest rate derivatives^(f)	128		159		104		140
Commodity contracts^(h)	84		25		24		30
	$	242	$	190	$	133	$	189
Total derivatives at fair value	$	558	$	259	$	601	$	285
Total	$	824	$	762	$	859	$	804

(a)


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


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


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


(e)	Based on the fair value of investments corresponding to employees’ investment elections. As of September 8, 2012 and September 3, 2011, $11 million and $43 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.


(f)	Based on LIBOR forward rates.


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


(h)	Based on recently reported market transactions, primarily swap arrangements

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

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



	12 Weeks Ended
	Fair Value/Non- designated Hedges						Cash Flow Hedges
	(Gains)/Losses Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2012			9/3/2011			9/8/2012			9/3/2011			9/8/2012			9/3/2011
Foreign exchange contracts	$	(9	)	$	7		$	41		$	(9	)	$	(6	)	$	9
Interest rate derivatives	(5		)	(84		)	—			42			6			4
Commodity contracts	(99		)	29			(28		)	40			20			(12		)
Total	$	(113	)	$	(48	)	$	13		$	73		$	20		$	1



	36 Weeks Ended
	Fair Value/Non- designated Hedges						Cash Flow Hedges
	(Gains)/Losses Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss					Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2012			9/3/2011			9/8/2012		9/3/2011			9/8/2012			9/3/2011
Foreign exchange contracts	$	(16	)	$	8		$	37	$	28		$	(4	)	$	30
Interest rate derivatives	3			(162		)	4		71			15			10
Commodity contracts	(76		)	(17		)	9		(15		)	47			(37		)
Total	$	(89	)	$	(171	)	$	50	$	84		$	58		$	3


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


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

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

Basis of Presentation and Our Divisions - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Mar. 19, 2011	Sep. 08, 2012 segment business_unit
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Change in accounting method (LIFO to average cost), effect on net income	$ 9
Business Segments		4
Reportable Business Segment		6

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

+ References+ Details

Segment Reporting Information by Segment (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011	Sep. 08, 2012	Sep. 03, 2011
Segment Reporting Information [Line Items]
Net Revenue	$ 16,652	$ 17,582	$ 45,538	$ 46,346
Operating Profit	2,800	2,906	6,899	7,386
FLNA
Segment Reporting Information [Line Items]
Net Revenue	3,269	3,173	9,472	9,167
Operating Profit	917	918	2,532	2,545
QFNA
Segment Reporting Information [Line Items]
Net Revenue	615	614	1,821	1,837
Operating Profit	154	177	495	558
LAF
Segment Reporting Information [Line Items]
Net Revenue	1,883	1,841	5,066	4,757
Operating Profit	219	275	673	720
PAB
Segment Reporting Information [Line Items]
Net Revenue	5,530	5,947	15,330	16,107
Operating Profit	837	992	2,202	2,533
Europe
Segment Reporting Information [Line Items]
Net Revenue	3,691	3,909	9,153	9,329
Operating Profit	483	514	1,017	984
AMEA
Segment Reporting Information [Line Items]
Net Revenue	1,664	2,098	4,696	5,149
Operating Profit	317	285	630	730
Total Division
Segment Reporting Information [Line Items]
Operating Profit	2,927	3,161	7,549	8,070
Corporate Unallocated Net Impact Of Mark To Market On Commodity Hedges
Segment Reporting Information [Line Items]
Operating Profit	121	(53)	126	(31)
Corporate Unallocated Restructuring And Impairment Charges
Segment Reporting Information [Line Items]
Operating Profit	(7)		(8)
Corporate Unallocated Merger And Integration Charges
Segment Reporting Information [Line Items]
Operating Profit	2	(10)		(64)
Corporate Unallocated Other
Segment Reporting Information [Line Items]
Operating Profit	$ (243)	$ (192)	$ (768)	$ (589)

Segment Reporting Information by Total Assets (Detail) (USD $)
In Millions, unless otherwise specified

Sep. 08, 2012

Dec. 31, 2011

$ 74,017

$ 72,882

FLNA

6,075

6,120

QFNA

1,223

1,174

LAF

4,734

4,731

PAB

31,925

31,187

Europe

18,959

18,479

AMEA

5,669

6,048

Total Division

68,585

67,739

Corporate

$ 5,432

^[1]

$ 5,143

^[1]

[1]	Corporate assets consist principally of cash and cash equivalents, short-term investments, derivative instruments and property, plant and equipment.

Indefinite-lived Intangible Assets [Roll Forward]

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References+ Details

Acquisitions and Divestitures - Additional Information (Detail) In Millions, except Per Share data, unless otherwise specified	3 Months Ended	9 Months Ended		3 Months Ended		1 Months Ended		4 Months Ended			9 Months Ended
	Sep. 08, 2012 USD ($)	Sep. 08, 2012 USD ($)	Sep. 03, 2011 USD ($)	Jun. 16, 2012 Tab	Jun. 16, 2012 Tab Call Option Latest Use Date 2015	May 19, 2011 Wbd USD ($)	Feb. 03, 2011 Wbd USD ($)	Dec. 31, 2011 Wbd USD ($)	Aug. 15, 2011 Wbd RUB	Mar. 10, 2011 Wbd ADS RUB	Sep. 08, 2012 Tingyi USD ($)
Business Acquisition [Line Items]
Cash paid for entity						$ 1,300	$ 3,800	$ 79
Ownership in WBD after acquisition						98.60%	77.00%	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%
Restructuring and other charges											137
Restructuring and other charges, after-tax		$ 163									$ 163
Restructuring and other charges, after-tax per share	$ 0.04	$ 0.09									$ 0.10

Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	Sep. 08, 2012	Dec. 31, 2011
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 3,175	$ 3,220
Accumulated amortization	(1,376)	(1,332)
Amortizable Intangible Assets, net	1,799	1,888
Acquired franchise rights
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	932	916
Reacquired Franchise Rights
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	110	110
Brands
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,432	1,417
Other Intangible Assets
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 701	$ 777

Change in Book Value of Nonamortizable Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 08, 2012

$ 31,357

(159)

Indefinite-lived Intangible Assets [Roll Forward]

31,212

Goodwill

16,800

(124)

Indefinite-lived Intangible Assets [Roll Forward]

16,701

Brands

4,703

(11)

(49)

Indefinite-lived Intangible Assets [Roll Forward]

4,643

Reacquired Franchise Rights

8,074

(33)

Indefinite-lived Intangible Assets [Roll Forward]

8,081

Acquired franchise rights

1,780

(2)

Indefinite-lived Intangible Assets [Roll Forward]

1,787

FLNA

341

Indefinite-lived Intangible Assets [Roll Forward]

350

FLNA | Goodwill

311

Indefinite-lived Intangible Assets [Roll Forward]

318

FLNA | Brands

Indefinite-lived Intangible Assets [Roll Forward]

QFNA | Goodwill

175

Indefinite-lived Intangible Assets [Roll Forward]

175

LAF

950

(32)

Indefinite-lived Intangible Assets [Roll Forward]

944

LAF | Goodwill

793

(83)

(17)

Indefinite-lived Intangible Assets [Roll Forward]

693

LAF | Brands

157

109

(15)

Indefinite-lived Intangible Assets [Roll Forward]

251

PAB

19,004

(1)

Indefinite-lived Intangible Assets [Roll Forward]

19,073

PAB | Goodwill

9,932

Indefinite-lived Intangible Assets [Roll Forward]

9,997

PAB | Brands

168

(17)

Indefinite-lived Intangible Assets [Roll Forward]

151

PAB | Reacquired Franchise Rights

7,342

(33)

Indefinite-lived Intangible Assets [Roll Forward]

7,351

PAB | Acquired franchise rights

1,562

Indefinite-lived Intangible Assets [Roll Forward]

1,574

Europe

10,028

(18)

(44)

Indefinite-lived Intangible Assets [Roll Forward]

9,966

Europe | Goodwill

4,900

(16)

Indefinite-lived Intangible Assets [Roll Forward]

4,962

Europe | Brands

4,178

(96)

(21)

^[1]

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

4,061

Europe | Reacquired Franchise Rights

Indefinite-lived Intangible Assets [Roll Forward]

732

(2)

Indefinite-lived Intangible Assets [Roll Forward]

730

Europe | Acquired franchise rights

218

(5)

Indefinite-lived Intangible Assets [Roll Forward]

213

AMEA

859

(166)

Indefinite-lived Intangible Assets [Roll Forward]

704

AMEA | Goodwill

689

(142)

Indefinite-lived Intangible Assets [Roll Forward]

556

AMEA | Brands

170

(24)

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

$ 148

[1]	In the 12 and 36 weeks ended September 8, 2012, we recorded an impairment charge of $23 million, primarily related to our business operations in Greece.

Stock-Based Compensation - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011	Sep. 08, 2012	Sep. 03, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized stock-based compensation expense	$ 69	$ 77	$ 188	$ 232
Stock-based compensation expense	68	76	193	222
Merger and integration costs included in stock-based compensation	1	1	2	10
Restructuring and impairment charges (income)			$ (7)
Stock options granted			3.6	6.8
RSUs issued			4.3	5.2
Weighted-average grant price, Options			$ 66.94	$ 64.28
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant price, RSUs			$ 66.51	$ 63.88
Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity performance granted performance period			3 years

Weighted Average Black Scholes Fair Value Assumptions (Detail)

9 Months Ended

Sep. 08, 2012

Sep. 03, 2011

Expected life

6 years

Risk free interest rate

1.30%

2.50%

Expected volatility

17.00%

^[1]

16.00%

^[1]

Expected dividend yield

3.00%

2.90%

[1]	Reflects movements in our stock price over the most recent historical period equivalent to the expected life.

Net income attributable to PepsiCo

The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.

+ References+ Details

Components of Net Periodic Benefit Cost for Pension and Retiree Medical Plans (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011	Sep. 08, 2012	Sep. 03, 2011
U.S.
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 93	$ 80	$ 282	$ 242
Interest cost	124	127	370	379
Expected return on plan assets	(183)	(163)	(550)	(487)
Amortization of prior service cost/(benefit)	4	3	12	10
Amortization of experience loss	60	34	179	101
Gross total	98	81	293	245
Settlement/Curtailment (gain)/loss			(7)	(9)
Special termination benefits	2		6	10
Total expense	100	81	292	246
International
Defined Benefit Plan Disclosure [Line Items]
Service cost	23	22	65	62
Interest cost	27	28	75	77
Expected return on plan assets	(34)	(32)	(95)	(89)
Amortization of prior service cost/(benefit)		1	1	2
Amortization of experience loss	13	10	35	26
Gross total	29	29	81	78
Settlement/Curtailment (gain)/loss	(2)		1
Special termination benefits
Total expense	27	29	82	78
Retiree Medical
Defined Benefit Plan Disclosure [Line Items]
Service cost	12	12	35	35
Interest cost	15	20	45	61
Expected return on plan assets	(5)	(3)	(15)	(10)
Amortization of prior service cost/(benefit)	(6)	(6)	(18)	(19)
Amortization of experience loss		2		8
Gross total	16	25	47	75
Settlement/Curtailment (gain)/loss
Special termination benefits			4	1
Total expense	$ 16	$ 25	$ 51	$ 76

Rollforward of Reserves for Federal State and Foreign Tax Jurisdictions (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 08, 2012	Dec. 31, 2011
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 2,167	$ 2,022
Additions for tax positions related to the current year	190	233
Additions for tax positions from prior years	101	147
Reductions for tax positions from prior years	(25)	(46)
Settlement payments	(10)	(156)
Statute of limitations expiration		(15)
Translation and other	5	(18)
Balance, end of period	$ 2,428	$ 2,167

Basic and Diluted Net Income Attributable to PepsiCo (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 08, 2012

Sep. 03, 2011

Sep. 08, 2012

Sep. 03, 2011

Earnings Per Share [Abstract]

$ 1,902

$ 2,000

$ 4,517

$ 5,028

Dividends

(1)

Redemption premium

(1)

(4)

Net income available for PepsiCo common shareholders - Value

1,901

1,999

4,512

5,023

Net income available for PepsiCo common shareholders - Shares

1,556

^[1]

1,578

^[1]

1,562

^[1]

1,581

^[1]

Basic net income attributable to PepsiCo per common share (in dollars per share)

$ 1.22

$ 1.27

$ 2.89

$ 3.18

Stock options and RSUs - Shares

^[1],[2]

ESOP convertible preferred stock - Value

ESOP convertible preferred stock - Shares

^[1]

Diluted shares - Value

$ 1,902

$ 2,000

$ 4,517

$ 5,028

Diluted shares - Shares

1,575

^[1]

1,599

^[1]

1,580

^[1]

1,603

^[1]

Diluted net income attributable to PepsiCo per common share (in dollars per share)

$ 1.21

$ 1.25

$ 2.86

$ 3.14

[1]

Weighted-average common shares outstanding (in millions).

[2]

Basic and Diluted Net Income Attributable to PepsiCo (Parenthetical) (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011	Sep. 08, 2012	Sep. 03, 2011
Earnings Per Share [Abstract]
Out-of-the-money options excluded from earnings per share	0.6	22.1	13.5	21.2
Out-of-the-money options average exercise price	$ 72.26	$ 67.67	$ 67.51	$ 67.46

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Antidilution

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Diluted Earnings Per Share

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Contingent Stock Agreement

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

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

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

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

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 13, 14

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

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

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

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

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 171

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

+ Details

Debt Obligations and Commitments - Additional Information (Detail) (USD $)		3 Months Ended
	Sep. 08, 2012	Jun. 16, 2012 Extended Unsecured Revolving Credit Agreement Ending June 2016 [Member]	Jun. 16, 2012 Extended Unsecured Revolving Credit Agreement Ending June 2013 [Member]	Mar. 24, 2012 0.750% Senior Notes Due 2015 [Member]	Mar. 24, 2012 2.750% Senior Notes Due 2022 [Member]	Mar. 24, 2012 4.000% Senior Notes Due 2042 [Member]	Sep. 08, 2012 0.700% Senior Notes Due 2015 [Member]	Sep. 08, 2012 1.250% Senior Notes Due 2017 [Member]	Sep. 08, 2012 3.600% Senior Notes Due 2042 [Member]
Debt Instrument [Line Items]
Fixed and floating rate notes issued				$ 750,000,000	$ 1,250,000,000	$ 750,000,000	$ 900,000,000	$ 1,000,000,000	$ 600,000,000
Interest rate on debt				0.75%	2.75%	4.00%	0.70%	1.25%	3.60%
Debt instrument, term of agreement		4 years	364 days
Commercial paper outstanding	$ 900,000,000

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.

+ References+ Details

Long Term Contractual Commitments (Detail) (USD $)
In Millions, unless otherwise specified

Sep. 08, 2012

$ 38,439

^[1]

Long-Term Debt Obligations

22,989

^[1],[2]

Interest On Debt Obligations

8,882

^[1],[3]

Operating Leases

1,754

^[1]

Purchasing Commitments

2,450

^[1]

Marketing Commitments

2,364

^[1]

Payments Due By Period 2012

914

^[1]

Payments Due By Period 2012 | Interest On Debt Obligations

300

^[1],[3]

Payments Due By Period 2012 | Operating Leases

142

^[1]

Payments Due By Period 2012 | Purchasing Commitments

394

^[1]

Payments Due By Period 2012 | Marketing Commitments

^[1]

Payments Due By Period 2013-2014

8,749

^[1]

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

4,153

^[1],[2]

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

1,656

^[1],[3]

Payments Due By Period 2013-2014 | Operating Leases

680

^[1]

Payments Due By Period 2013-2014 | Purchasing Commitments

1,664

^[1]

Payments Due By Period 2013-2014 | Marketing Commitments

596

^[1]

Payments Due By Period 2015-2016

7,663

^[1]

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

5,093

^[1],[2]

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

1,311

^[1],[3]

Payments Due By Period 2015-2016 | Operating Leases

388

^[1]

Payments Due By Period 2015-2016 | Purchasing Commitments

331

^[1]

Payments Due By Period 2015-2016 | Marketing Commitments

540

^[1]

Payments Due By Period 2017 And Beyond

21,113

^[1]

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

13,743

^[1],[2]

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

5,615

^[1],[3]

Payments Due By Period 2017 And Beyond | Operating Leases

544

^[1]

Payments Due By Period 2017 And Beyond | Purchasing Commitments

^[1]

Payments Due By Period 2017 And Beyond | Marketing Commitments

$ 1,150

^[1]

[1]	Reflects non-cancelable commitments as of September 8, 2012 based on foreign exchange rates in effect on the balance sheet date and excludes any reserves for uncertain tax positions as we are unable to reasonably predict the ultimate amount or timing of settlement.
[2]	Excludes $3,054 million related to current maturities of long-term debt, $390 million related to the fair value step-up of debt acquired in connection with our acquisitions of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS), and $353 million related to the increase in carrying value of long-term debt reflecting the gains on our fair value interest rate swaps.
[3]	Interest payments on floating-rate debt are estimated using interest rates effective as of September 8, 2012.

Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.

+ References+ Details

Long Term Contractual Commitments (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 08, 2012
Debt Instrument [Line Items]
Long-term debt obligations, 2012	$ 3,054
Increase in carrying value of long-term debt	353
Pbg And Pas Acquisition
Debt Instrument [Line Items]
Fair value step-up of debt acquired in connection with our acquisitions of PBG and PAS	$ 390

Restructuring Impairment and Integration Charges - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011	Sep. 08, 2012	Sep. 03, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges, after tax	$ 59		$ 139
Restructuring and impairment charges, after tax impact per share	$ 0.04		$ 0.09
Restructuring and impairment charges (income)			(7)
Merger and integration charges			7	174
Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges (income)	83		193
FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges (income)	8		40
QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges (income)	1		7
LAF
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges (income)	29		41
PAB
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges (income)	33		76
Merger and integration charges		24		77
AMEA
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges (income)	6		23
Corporate Unallocated Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges (income)	7		8
Restructuring income representing adjustments of previous recorded amounts	(2)
Merger and integration charges		10		64
Europe
Restructuring Cost and Reserve [Line Items]
Restructuring income representing adjustments of previous recorded amounts	(1)		(2)
Merger and integration charges	4	11		17
Wimm Bill Dann Acquisition
Restructuring Cost and Reserve [Line Items]
Merger and integration charges	2		7
Merger and integration charges after-tax	2		6
PBG, PAS And WBD Acquisitions
Restructuring Cost and Reserve [Line Items]
Merger and integration charges		61		174
Merger and integration charges after-tax		53		147
Merger and integration charges, after-tax impact per share		$ 0.03		$ 0.09
Interest Expense [Member]
Restructuring Cost and Reserve [Line Items]
Merger and integration charges		$ 16		$ 16

Amount of any reversal and other adjustment made during the period to the amount of a previously accrued liability for a specified type of restructuring cost, excluding adjustments for costs incurred during the period, costs settled during the period, and foreign currency translation adjustments.

+ References+ Details

Productivity Plan Activity (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 08, 2012	Sep. 08, 2012
Restructuring Reserve [Roll Forward]
2012 restructuring and impairment charges		$ (7)
Productivity Plan
Restructuring Reserve [Roll Forward]
Liability as of December 31, 2011		276
2012 restructuring and impairment charges	83	193
Cash payments		(243)
Non-cash charges		(66)
Liability as of September 8, 2012	160	160
Productivity Plan \| Severance And Other Employee Costs
Restructuring Reserve [Roll Forward]
Liability as of December 31, 2011		249
2012 restructuring and impairment charges		51
Cash payments		(173)
Non-cash charges		(7)
Liability as of September 8, 2012	120	120
Productivity Plan \| Asset Impairment
Restructuring Reserve [Roll Forward]
Liability as of December 31, 2011
2012 restructuring and impairment charges		57
Cash payments
Non-cash charges		(57)
Liability as of September 8, 2012
Productivity Plan \| Other Costs
Restructuring Reserve [Roll Forward]
Liability as of December 31, 2011		27
2012 restructuring and impairment charges		85
Cash payments		(70)
Non-cash charges		(2)
Liability as of September 8, 2012	$ 40	$ 40

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

+ References+ Details

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

+ References+ Details

Merger and Integration Activity (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 08, 2012	Sep. 03, 2011
Restructuring Reserve [Roll Forward]
Liability as of December 31, 2011	$ 105
2012 merger and integration charges	7	174
Cash payments	(57)	(293)
Non-cash charges	(6)
Liability as of September 8, 2012	49
Severance And Other Employee Costs
Restructuring Reserve [Roll Forward]
Liability as of December 31, 2011	98
2012 merger and integration charges	2
Cash payments	(50)
Non-cash charges	(6)
Liability as of September 8, 2012	44
Other Costs
Restructuring Reserve [Roll Forward]
Liability as of December 31, 2011	7
2012 merger and integration charges	5
Cash payments	(7)
Liability as of September 8, 2012	$ 5

Financial Instruments - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 08, 2012	Dec. 31, 2011	Sep. 03, 2011
Derivative Instruments, Gain (Loss) [Line Items]
Debt obligations	$ 30,000,000,000
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Maturity Term	3 years
Expected reclassification of net gains (losses) related to hedge from accumulated OCI into net income within the next 12 months	(23,000,000)
Face value of open commodity derivative contracts qualified for hedging	488,000,000		586,000,000
Face value of open commodity derivative contracts not qualified for hedging	636,000,000		537,000,000
Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Maturity Term	2 years
Expected reclassification of net gains (losses) related to hedge from accumulated OCI into net income within the next 12 months	(17,000,000)
Foreign currency derivatives at face value, net	2,500,000,000		2,500,000,000
Interest rate derivatives
Derivative Instruments, Gain (Loss) [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	$ 7,300,000,000		$ 8,900,000,000
Percentage of total debt, net of related interest rate derivatives, exposed to variable interest rates	26.00%	38.00%

Fair Values of Financial Assets and Liabilities (Detail) (USD $)
In Millions, unless otherwise specified

Sep. 08, 2012

Sep. 03, 2011

Available-for-sale securities

$ 61

^[1],[2]

$ 61

^[1],[2]

Short-term investments - index funds

164

^[1],[3]

159

^[1],[3]

Prepaid forward contracts

^[1],[4]

Total derivatives at fair value

558

^[1]

601

^[1]

Total Financial Assets at fair value

824

^[1]

859

^[1]

Deferred compensation

503

^[1],[5]

519

^[1],[5]

Total derivatives at fair value

259

^[1]

285

^[1]

Total Financial Liabilities at fair Value

762

^[1]

804

^[1]

Derivatives Designated As Fair Value Hedging Instruments Assets

293

^[1],[6]

428

^[1],[6]

Derivatives Designated As Hedging Instruments Assets

^[1],[7]

Derivatives designated as hedging instruments, Assets, Total

^[1],[8]

^[1]

Derivatives Not Designated As Hedging Instruments Assets

^[1],[7]

128

^[1],[6]

104

^[1],[6]

Derivatives not designated as hedging instruments, Assets, Total

^[1],[8]

242

^[1]

133

^[1]

Derivatives Designated As Hedging Instruments Liabilities

^[1],[7]

^[1],[6]

Derivatives designated as hedging instruments, Liabilities, Total

^[1],[8]

^[1]

Derivatives Not Designated As Hedging Instruments Liabilities

^[1],[7]

159

^[1],[6]

140

^[1],[6]

Derivatives not designated as hedging instruments, Liabilities, Total

^[1],[8]

$ 190

^[1]

$ 189

^[1]

[1]	Financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets, with the exception of available-for-sale securities and short-term investments. Financial liabilities are classified on our balance sheet within accounts payable and other current liabilities and other liabilities. Unless specifically indicated, all financial assets and liabilities are categorized as Level 2 assets or liabilities.
[2]	Based on the price of common stock. Categorized as a Level 1 asset.
[3]	Based on price changes in index funds used to manage a portion of market risk arising from our deferred compensation liability. Categorized as a Level 1 asset.
[4]	Based primarily on the price of our common stock.
[5]	Based on the fair value of investments corresponding to employees’ investment elections. As of September 8, 2012 and September 3, 2011, $11 million and $43 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.
[6]	Based on LIBOR forward rates.
[7]	Based on recently reported market transactions of spot and forward rates.
[8]	Based on recently reported market transactions, primarily swap arrangements.

Fair Values of Financial Assets and Liabilities (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified

Sep. 08, 2012

Sep. 03, 2011

Deferred compensation, Liabilities

$ 503

^[1],[2]

$ 519

^[1],[2]

Level 1 Fair Values Of Assets And Liabilities

Deferred compensation, Liabilities

$ 11

$ 43

[1]

[2]

Based on the fair value of investments corresponding to employees’ investment elections. As of September 8, 2012 and September 3, 2011, $11 million and $43 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.

Effective Portion of Pre Tax Gains and Losses on Derivative Instruments (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 08, 2012

Sep. 03, 2011

Sep. 08, 2012

Sep. 03, 2011

Fair Value/Non-designated Hedges

$ (113)

^[1]

$ (48)

^[1]

$ (89)

^[1]

$ (171)

^[1]

Fair Value/Non-designated Hedges | Foreign exchange contracts

(9)

^[1]

(16)

^[1]

Fair Value/Non-designated Hedges | Interest rate derivatives

(5)

^[1]

(84)

^[1]

(162)

^[1]

Fair Value/Non-designated Hedges | Commodity contracts

(99)

^[1]

(76)

^[1]

(17)

^[1]

Cash Flow Hedges

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

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

^[2]

Cash Flow Hedges | Foreign exchange contracts

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

(9)

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

(6)

^[2]

(4)

^[2]

Cash Flow Hedges | Interest rate derivatives

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

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

^[2]

Cash Flow Hedges | Commodity contracts

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

(28)

(15)

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

$ 20

^[2]

$ (12)

^[2]

$ 47

^[2]

$ (37)

^[2]

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

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

+ References+ Details