Selling, general and administrative expenses

$ 66,415

$ 65,492

$ 66,504

Cost of sales

31,243

31,291

31,593

25,357

24,970

25,145

Amortization of intangible assets

110

119

133

Interest income and other

9,705

^[1]

9,112

^[1]

9,633

^[1]

Interest expense

(911)

(899)

(856)

Income before income taxes

8,891

8,304

8,834

Provision for income taxes

2,104

2,090

2,372

Net income

6,787

6,214

6,462

Less: Net income attributable to noncontrolling interests

Net Income Attributable to PepsiCo

$ 6,740

$ 6,178

$ 6,443

Net Income Attributable to PepsiCo per Common Share

Basic

$ 4.37

$ 3.96

$ 4.08

Diluted

$ 4.32

$ 3.92

$ 4.03

Weighted-average common shares outstanding

Basic

1,541

^[2]

1,557

^[2]

1,576

^[2]

Diluted

1,560

^[2]

1,575

^[2]

1,597

^[2]

Cash dividends declared per common share

$ 2.24

$ 2.1275

$ 2.025

[1]	For information on the impact of restructuring, impairment and integration charges on our divisions, see Note 3 to our consolidated financial statements. See also Note 15 to our consolidated financial statements for more information on our transaction with Tingyi and refranchising of our beverage business in Vietnam in our AMEA segment.
[2]	Weighted-average common shares outstanding (in millions).

Consolidated Statement of Comprehensive Income (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Net income	$ 6,787	$ 6,214	$ 6,462
Other Comprehensive Income
Currency translation adjustment, pre-tax amount	(1,303)	737	(1,464)
Currency translation adjustment, tax benefit/(expense)
Currency translation adjustment, after-tax amount	(1,303)	737	(1,464)
Cash flow hedges:
Reclassification of net losses to net income, pre-tax amount	45	90	5
Reclassification of net losses to net income, tax benefit/(expense)	(17)	(32)	4
Reclassification of net losses to net income, after-tax amount	28	58	9
Net derivative losses, pre-tax amount	(20)	(50)	(126)
Net derivative losses, tax benefit/(expense)	10	10	43
Net derivative losses, after-tax amount	(10)	(40)	(83)
Pension and retiree medical:
Net prior service cost, pre-tax amount	(23)	(32)	(18)
Net prior service cost, tax benefit (expense)	8	12	8
Net prior service cost, after-tax	(15)	(20)	(10)
Net (losses)/gains, pre-tax amount	2,540	(41)	(1,468)
Net (losses)/gains, tax benefit/(expense)	(895)	(11)	501
Net (losses)/gains, after-tax amount	1,645	(52)	(967)
Unrealized (losses)/gains on securities, pre-tax amount	57	18	(27)
Unrealized (losses)/gains on securities, tax benefit/(expense)	(28)		19
Unrealized (losses)/gains on securities, net of tax	29	18	(8)
Other, pre-tax amount			(16)
Other, tax benefit/(expense)	(16)	36	5
Other Comprehensive Income, Other, Net of Tax	(16)	36	(11)
Total Other Comprehensive Income (Loss), pre-tax amount	1,296	722	(3,114)
Total Other Comprehensive Income/(Loss), tax benefit/(expense)	(938)	15	580
Other Comprehensive Income/(Loss), after-tax amount	358	737	(2,534)
Comprehensive income	7,145	6,951	3,928
Comprehensive income attributable to noncontrolling interests	(45)	(31)	(84)
Comprehensive Income Attributable to PepsiCo	$ 7,100	$ 6,920	$ 3,844

Consolidated Statement of Cash Flows (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Operating Activities
Net income	$ 6,787	$ 6,214	$ 6,462
Depreciation and amortization	2,663	2,689	2,737
Stock-based compensation expense	303	278	326
Merger and integration costs	10	16	329
Cash payments for merger and integration costs	(25)	(83)	(377)
Restructuring and impairment charges	163	279	383
Cash payments for restructuring charges	(133)	(343)	(31)
Restructuring and other charges related to the transaction with Tingyi		176
Cash payments for restructuring and other charges related to the transaction with Tingyi	(26)	(109)
Non-cash foreign exchange loss related to Venezuela devaluation	111
Excess tax benefits from share-based payment arrangements	(117)	(124)	(70)
Pension and retiree medical plan contributions	(262)	(1,865)	(349)
Pension and retiree medical plan expenses	663	796	571
Deferred income taxes and other tax charges and credits	(1,058)	321	495
Change in accounts and notes receivable	(88)	(250)	(666)
Change in inventories	4	144	(331)
Change in prepaid expenses and other current assets	(51)	89	(27)
Change in accounts payable and other current liabilities	1,007	548	520
Change in income taxes payable	86	(97)	(340)
Other, net	(349)	(200)	(688)
Net Cash Provided by Operating Activities	9,688	8,479	8,944
Investing Activities
Capital spending	(2,795)	(2,714)	(3,339)
Sales of property, plant and equipment	109	95	84
Acquisition of WBD, net of cash and cash equivalents acquired			(2,428)
Investment in WBD			(164)
Cash payments related to the transaction with Tingyi	(3)	(306)
Other acquisitions and investments in noncontrolled affiliates	(109)	(121)	(601)
Divestitures	133	(32)	780
Short-term investments, by original maturity
More than three months – maturities			21
Three months or less, net	61	61	45
Other investing, net	(21)	12	(16)
Net Cash Used for Investing Activities	(2,625)	(3,005)	(5,618)
Financing Activities
Proceeds from issuances of long-term debt	4,195	5,999	3,000
Payments of long-term debt	(3,894)	(2,449)	(1,596)
Debt repurchase			(771)
Short-term borrowings, by original maturity
More than three months – proceeds	23	549	523
More than three months – payments	(492)	(248)	(559)
Three months or less, net	1,634	(1,762)	339
Cash dividends paid	(3,434)	(3,305)	(3,157)
Share repurchases – common	(3,001)	(3,219)	(2,489)
Share repurchases – preferred	(7)	(7)	(7)
Proceeds from exercises of stock options	1,123	1,122	945
Excess tax benefits from share-based payment arrangements	117	124	70
Acquisition of noncontrolling interests	(20)	(68)	(1,406)
Other financing	(33)	(42)	(27)
Net Cash Used for Financing Activities	(3,789)	(3,306)	(5,135)
Effect of exchange rate changes on cash and cash equivalents	(196)	62	(67)
Net Increase/(Decrease) in Cash and Cash Equivalents	3,078	2,230	(1,876)
Cash and Cash Equivalents, Beginning of Year	6,297	4,067	5,943
Cash and Cash Equivalents, End of Year	$ 9,375	$ 6,297	$ 4,067

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

Dec. 28, 2013

Dec. 29, 2012

ASSETS

Cash and cash equivalents

$ 9,375

$ 6,297

Short-term investments

303

322

Accounts and notes receivable, net

6,954

7,041

Inventories

3,409

^[1]

3,581

^[1]

Prepaid expenses and other current assets

2,162

1,479

Total Current Assets

22,203

18,720

Property, Plant and Equipment, net

18,575

19,136

Amortizable Intangible Assets, net

1,638

1,781

Goodwill

16,613

16,971

Other nonamortizable intangible assets

14,401

14,744

Nonamortizable Intangible Assets

31,014

31,715

Investments in Noncontrolled Affiliates

1,841

1,633

Other Assets

2,207

1,653

Accounts payable and other current liabilities

77,478

74,638

LIABILITIES AND EQUITY

Short-term obligations

5,306

4,815

12,533

11,903

Income taxes payable

371

Total Current Liabilities

17,839

17,089

Long-Term Debt Obligations

24,333

23,544

Other Liabilities

4,931

6,543

Deferred Income Taxes

5,986

5,063

Total Liabilities

53,089

52,239

Commitments and contingencies

Preferred Stock, no par value

PepsiCo Common Shareholders’ Equity

Common stock, par value 12/3¢ per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,529 and 1,544 shares, respectively)

Capital in excess of par value

4,095

4,178

Retained earnings

46,420

43,158

Accumulated other comprehensive loss

(5,127)

(5,487)

Stockholders' Equity Attributable to Parent

24,409

22,417

Noncontrolling interests

110

105

Total Equity

24,389

22,399

Total Liabilities and Equity

77,478

74,638

Preferred Stock

PepsiCo Common Shareholders’ Equity

Repurchased stock

(171)

(164)

Common Stock

PepsiCo Common Shareholders’ Equity

Repurchased stock

$ (21,004)

$ (19,458)

[1]	Approximately 3%, in both 2013 and 2012, of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Consolidated Balance Sheet (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
Statement of Financial Position [Abstract]
Preferred stock, par value
Common stock, par value	$ 0.0167	$ 0.0167
Common stock, authorized	3,600	3,600
Common stock, issued	1,529	1,544
Repurchased common stock, shares	337	322

Consolidated Statement of Equity (USD $)
In Millions, except Share data, 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

Total Common Shareholders' Equity

Noncontrolling Interests

Balance, beginning of year at Dec. 25, 2010

$ (150)

$ 26

$ 4,527

$ 37,090

$ (3,630)

$ (16,740)

$ 312

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

1,582,000,000

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

(600,000)

(284,000,000)

Stock option exercises/RSUs converted, tax benefit

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

Redemptions (in shares)

Redemptions

(7)

Share repurchases (in shares)

(17,000,000)

(39,000,000)

Share repurchases

(2,489)

Stock-based compensation expense

326

Stock option exercises/RSUs and PEPUnits converted (a)

^[1]

(361)

Stock option exercises (in shares)

20,000,000

Stock option exercises

1,251

Net income attributable to PepsiCo

6,462

6,443

Cash dividends declared – common

(3,192)

Cash dividends declared – preferred

(1)

Cash dividends declared – RSUs

(24)

Distributions to noncontrolling interests, net

(24)

Currency translation adjustment

(1,529)

Acquisitions and divestitures

(57)

Cash flow hedges:

Reclassification of net losses to net income

(83)

Net derivative losses

(9)

(83)

Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax

133

Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax

(1,110)

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

(8)

Other (in shares)

2,000,000

Balance, end of year at Dec. 31, 2011

108

(4)

20,899

(157)

4,461

40,316

(6,229)

(17,870)

20,704

311

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

1,565,000,000

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

(800,000)

(600,000)

(301,000,000)

Stock option exercises/RSUs converted, tax benefit

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

Redemptions (in shares)

Redemptions

(7)

Share repurchases (in shares)

(21,000,000)

(47,000,000)

Share repurchases

(3,219)

Stock-based compensation expense

278

Stock option exercises/RSUs and PEPUnits converted (a)

^[1]

(431)

Stock option exercises (in shares)

(60)

24,000,000

Stock option exercises

1,488

Net income attributable to PepsiCo

6,214

6,178

Cash dividends declared – common

(3,312)

Cash dividends declared – preferred

(1)

Cash dividends declared – RSUs

(23)

Distributions to noncontrolling interests, net

(37)

Currency translation adjustment

742

(5)

Acquisitions and divestitures

(200)

Cash flow hedges:

Reclassification of net losses to net income

(40)

Net derivative losses

(58)

(40)

Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax

421

Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax

(493)

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

Other (in shares)

2,000,000

Balance, end of year at Dec. 29, 2012

143

22,399

(164)

4,178

43,158

(5,487)

(19,458)

22,417

105

Balance, outstanding, end of year (in shares) at Dec. 29, 2012

1,544,000,000

Balance, end of year (in shares) at Dec. 29, 2012

(800,000)

(600,000)

(322,000,000)

Stock option exercises/RSUs converted, tax benefit

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

Redemptions (in shares)

0.0

Redemptions

(7)

Share repurchases (in shares)

(15,000,000)

(37,000,000)

Share repurchases

(1)

(3,000)

Stock-based compensation expense

303

Stock Options Exercises RSUs and Performance Stock Units Converted

^[1]

(287)

Stock option exercises (in shares)

(12)

20,275,000

^[2]

20,000,000

Stock option exercises

1,301

Net income attributable to PepsiCo

6,787

6,740

Cash dividends declared – common

(3,451)

Cash dividends declared – preferred

(1)

Cash dividends declared – RSUs

(26)

Distributions to noncontrolling interests, net

(34)

Currency translation adjustment

(1,301)

(2)

Acquisitions and divestitures

(6)

Cash flow hedges:

Reclassification of net losses to net income

(10)

Net derivative losses

(28)

(10)

Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax

230

Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax

1,400

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

Other (in shares)

2,000,000

Balance, end of year at Dec. 28, 2013

(16)

153

$ 24,389

$ 41

$ (171)

$ 25

$ 4,095

$ 46,420

$ (5,127)

$ (21,004)

$ 24,409

$ 110

Balance, outstanding, end of year (in shares) at Dec. 28, 2013

1,529,000,000

Balance, end of year (in shares) at Dec. 28, 2013

(800,000)

(600,000)

(337,000,000)

[1]	Includes total tax benefits of $45 million in 2013, $84 million in 2012 and $43 million in 2011.
[2]	Options are in thousands and include options previously granted under PBG and PAS plans. No additional options or shares were granted under the PBG and PAS plans after 2009.

Basis of Presentation and Our Divisions

12 Months Ended

Dec. 28, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis Of Presentation and Our Divisions

Basis of Presentation and Our Divisions

Basis of Presentation

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

The results of our Venezuelan businesses have been reported under highly inflationary accounting since the beginning of 2010. See further unaudited information in “Our Business Risks”, “Items Affecting Comparability” and “Our Liquidity and Capital Resources” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

In the first quarter of 2011, QFNA changed its method of accounting for certain U.S. inventories from the last-in, first-out (LIFO) method to the average cost method as we believe that the average cost method of accounting improves our financial reporting by better matching revenues and expenses and better reflecting the current value of inventory. 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).

Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw material handling facilities, are included in cost of sales. The costs of moving, storing and delivering finished product are included in selling, general and administrative expenses.

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

While our United States and Canada (North America) results are reported on a weekly calendar basis, most of our international operations report on a monthly calendar basis. The following chart details our quarterly reporting schedule for all reporting periods presented except for 2011 as noted above:



Quarter	U.S. and Canada	International
First Quarter	12 weeks	January, February
Second Quarter	12 weeks	March, April and May
Third Quarter	12 weeks	June, July and August
Fourth Quarter	16 weeks	September, October, November and December

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

Tabular dollars are in millions, except per share amounts. All per share amounts reflect common per share amounts, assume dilution unless noted, and are based on unrounded amounts.

Our Divisions

Through our operations, authorized bottlers, contract manufacturers and third parties, we make, market, sell and distribute a wide variety of convenient and enjoyable foods and beverages, serving customers in more than 200 countries and territories with our largest operations in North America, Russia, Mexico, the United Kingdom and Brazil. Division results are based on how our Chief Executive Officer assesses the performance of and allocates resources to our divisions. For additional unaudited information on our divisions, see “Our Operations” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. The accounting policies for the divisions are the same as those described in Note 2, except for the following allocation methodologies:


•	stock-based compensation expense;


•	pension and retiree medical expense; and


•	derivatives.

Stock-Based Compensation Expense

Our divisions are held accountable for stock-based compensation expense and, therefore, this expense is allocated to our divisions as an incremental employee compensation cost. The allocation of stock-based compensation expense in 2013 was approximately 16% to FLNA, 2% to QFNA, 5% to LAF, 24% to PAB, 13% to Europe, 12% to AMEA and 28% to corporate unallocated expenses. We had similar allocations of stock-based compensation expense to our divisions in 2012 and 2011. The expense allocated to our divisions excludes any impact of changes in our assumptions during the year which reflect market conditions over which division management has no control. Therefore, any variances between allocated expense and our actual expense are recognized in corporate unallocated expenses.

Pension and Retiree Medical Expense

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

Derivatives

We centrally manage commodity derivatives on behalf of our divisions. These commodity derivatives include agricultural products, energy and metals. Certain of these commodity derivatives do not qualify for hedge accounting treatment and are marked to market with the resulting gains and losses recorded in corporate unallocated expenses as either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. These gains and losses are subsequently reflected in division results when the divisions recognize the cost of the underlying commodity in net income. Therefore, the divisions realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility, which remains in corporate unallocated expenses. These derivatives hedge underlying commodity price risk and were not entered into for trading or speculative purposes.

Net revenue and operating profit of each division are as follows:



	Net Revenue						Operating Profit ^(a)
	2013		2012		2011		2013			2012			2011
FLNA	$	14,126	$	13,574	$	13,322	$	3,877		$	3,646		$	3,621
QFNA	2,612		2,636		2,656		617			695			797
LAF	8,350		7,780		7,156		1,242			1,059			1,078
PAB	21,068		21,408		22,418		2,955			2,937			3,273
Europe	13,752		13,441		13,560		1,293			1,330			1,210
AMEA	6,507		6,653		7,392		1,174			747			887
Total division	66,415		65,492		66,504		11,158			10,414			10,866
Corporate Unallocated
Mark-to-market net (losses)/gains							(72		)	65			(102		)
Merger and integration charges							—			—			(78		)
Restructuring and impairment charges							(11		)	(10		)	(74		)
Venezuela currency devaluation							(124		)	—			—
Pension lump sum settlement charge							—			(195		)	—
53^rd week							—			—			(18		)
Other							(1,246		)	(1,162		)	(961		)
	$	66,415	$	65,492	$	66,504	$	9,705		$	9,112		$	9,633


(a)	For information on the impact of restructuring, impairment and integration charges on our divisions, see Note 3 to our consolidated financial statements. See also Note 15 to our consolidated financial statements for more information on our transaction with Tingyi and refranchising of our beverage business in Vietnam in our AMEA segment.

Corporate

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

Other Division Information

Total assets and capital spending of each division are as follows:



	Total Assets						Capital Spending
	2013		2012		2011		2013		2012		2011
FLNA	$	5,308	$	5,332	$	5,384	$	423	$	365	$	439
QFNA	983		966		1,024		38		37		43
LAF	4,829		4,993		4,721		384		436		413
PAB	30,350		30,899		31,142		716		702		1,006
Europe	18,702		19,218		18,461		550		575		588
AMEA	5,754		5,738		6,038		531		510		693
Total division	65,926		67,146		66,770		2,642		2,625		3,182
Corporate^(a)	11,552		7,492		6,112		153		89		157
	$	77,478	$	74,638	$	72,882	$	2,795	$	2,714	$	3,339


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

Amortization of intangible assets and depreciation and other amortization of each division are as follows:



	Amortization of Intangible Assets						Depreciation and Other Amortization
	2013		2012		2011		2013		2012		2011
FLNA	$	7	$	7	$	7	$	430	$	445	$	458
QFNA	—		—		—		51		53		54
LAF	8		10		10		253		248		238
PAB	58		59		65		863		855		865
Europe	32		36		39		525		522		522
AMEA	5		7		12		283		305		350
Total division	110		119		133		2,405		2,428		2,487
Corporate	—		—		—		148		142		117
	$	110	$	119	$	133	$	2,553	$	2,570	$	2,604

Net revenue and long-lived assets by country are as follows:



	Net Revenue						Long-Lived Assets^(a)
	2013		2012		2011		2013		2012		2011
U.S.	$	33,626	$	33,348	$	33,053	$	28,504	$	28,344	$	28,999
Russia	4,908		4,861		4,749		7,890		8,603		8,121
Mexico	4,347		3,955		4,782		1,226		1,237		1,027
Canada	3,195		3,290		3,364		3,067		3,294		3,097
United Kingdom	2,115		2,102		2,075		1,078		1,053		1,011
Brazil	1,835		1,866		1,838		1,006		1,134		1,124
All other countries	16,389		16,070		16,643		10,297		10,600		11,041
	$	66,415	$	65,492	$	66,504	$	53,068	$	54,265	$	54,420


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

Our Significant Accounting Policies

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

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+ Details

Our Significant Accounting Policies

12 Months Ended

Dec. 28, 2013

Accounting Policies [Abstract]

Revenue Recognition

We recognize revenue upon shipment or delivery to our customers based on written sales terms that do not allow for a right of return. However, our policy for DSD and certain chilled products is to remove and replace damaged and out-of-date products from store shelves to ensure that consumers receive the product quality and freshness they expect. Similarly, our policy for certain warehouse-distributed products is to replace damaged and out-of-date products. Based on our experience with this practice, we have reserved for anticipated damaged and out-of-date products. For additional unaudited information on our revenue recognition and related policies, including our policy on bad debts, see “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. We are exposed to concentration of credit risk from our customers, including Wal-Mart. In 2013, Wal-Mart (including Sam’s) represented approximately 11% of our total net revenue, including concentrate sales to our independent bottlers which are used in finished goods sold by them to Wal-Mart. We have not experienced credit issues with these customers.

Total Marketplace Spending

We offer sales incentives and discounts through various programs to customers and consumers. Total marketplace spending includes sales incentives, discounts, advertising and other marketing activities. Sales incentives and discounts are primarily accounted for as a reduction of revenue and totaled $34.7 billion in 2013 and 2012, and $34.6 billion in 2011. Sales incentives and discounts include payments to customers for performing merchandising activities on our behalf, such as payments for in-store displays, payments to gain distribution of new products, payments for shelf space and discounts to promote lower retail prices. It also includes support provided to our independent bottlers through funding of advertising and other marketing activities. While most of these incentive arrangements have terms of no more than one year, certain arrangements, such as fountain pouring rights, may extend beyond one year. Costs incurred to obtain these arrangements are recognized over the shorter of the economic or contractual life, primarily as a reduction of revenue, and the remaining balances of $410 million as of December 28, 2013 and $335 million as of December 29, 2012, are included in prepaid expenses and other current assets and other assets on our balance sheet. For additional unaudited information on our sales incentives, see “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Advertising and other marketing activities, reported as selling, general and administrative expenses, totaled $3.9 billion in 2013, $3.7 billion in 2012 and $3.5 billion in 2011, including advertising expenses of $2.4 billion in 2013, $2.2 billion in 2012 and $1.9 billion in 2011. Deferred advertising costs are not expensed until the year first used and consist of:


•	media and personal service prepayments;


•	promotional materials in inventory; and


•	production costs of future media advertising.

Deferred advertising costs of $68 million and $88 million as of December 28, 2013 and December 29, 2012, respectively, are classified as prepaid expenses on our balance sheet.

Distribution Costs

Distribution costs, including the costs of shipping and handling activities, are reported as selling, general and administrative expenses. Shipping and handling expenses were $9.4 billion in 2013, $9.1 billion in 2012 and $9.2 billion in 2011.

Cash Equivalents

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

Software Costs

We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended. Capitalized software costs include only (i) external direct costs of materials and services utilized in developing or obtaining computer software, (ii) compensation and related benefits for employees who are directly associated with the software project and (iii) interest costs incurred while developing internal-use computer software. Capitalized software costs are included in property, plant and equipment on our balance sheet and amortized on a straight-line basis when placed into service over the estimated useful lives of the software, which approximate 5 to 10 years. Software amortization totaled $197 million in 2013, $196 million in 2012 and $156 million in 2011. Net capitalized software and development costs were $1.1 billion as of December 28, 2013 and December 29, 2012.

Commitments and Contingencies

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

Research and Development

We engage in a variety of research and development activities and continue to invest to accelerate growth in these activities and to drive innovation globally. These activities principally involve production, processing and packaging and include: development of new ingredients and products; reformulation of existing products; improvement in the quality of existing products; improvement and modernization of manufacturing processes; improvements in product quality, safety and integrity; improvements in packaging technology; improvements in dispensing equipment; development and implementation of new technologies to enhance the quality and value of current and proposed product lines; efforts focused on identifying opportunities to transform and grow our product portfolio, including the development of sweetener and flavor innovation and recipes that reduce sodium levels in certain of our products. Consumer research is excluded from research and development costs and included in other marketing costs. Research and development costs were $665 million in 2013, $552 million in 2012 and $525 million in 2011 and are reported within selling, general and administrative expenses.

Other Significant Accounting Policies

Our other significant accounting policies are disclosed as follows:


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


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


•	Stock-Based Compensation – Note 6.


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


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


•	Inventories – Note 14. Inventories are valued at the lower of cost or market. Cost is determined using the average; first-in, first-out (FIFO) or last-in, first-out (LIFO) methods.

•

Translation of Financial Statements of Foreign Subsidiaries – 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.

Recent Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board (FASB) issued new accounting guidance that requires an entity to net its liability for unrecognized tax positions against a net operating loss carryforward, a similar tax loss or a tax credit carryforward when settlement in this manner is available under the tax law. The provisions of this new guidance are effective as of the beginning of our 2014 fiscal year. We do not expect the adoption of this new guidance to have a material impact on our financial statements.

In February 2013, the FASB issued guidance that requires an entity to disclose information showing the effect of the items reclassified from accumulated other comprehensive income on the line items of net income. The provisions of this new guidance were effective prospectively as of the beginning of our 2013 fiscal year. Accordingly, we included enhanced footnote disclosure for the year ended December 28, 2013 in Note 13.

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 were effective for, and had no impact on, our 2013 annual indefinite-lived intangible asset 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 derivative instruments accounted for in accordance with the guidance on derivatives and hedging that are 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 do not expect the adoption of this new guidance to have a material impact on our financial statements.

Restructuring and Related Activities [Abstract]

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

+ References+ Details

Restructuring, Impairment and Integration Charges

12 Months Ended

Dec. 28, 2013

Restructuring, Impairment And Integration Charges

Restructuring, Impairment and Integration Charges

2014 Productivity Plan

The 2014 Productivity Plan includes the next generation of productivity initiatives that we believe will strengthen our food, snack and beverage businesses by accelerating our investment in manufacturing automation; further optimizing our global manufacturing footprint, including closing certain manufacturing facilities; re-engineering our go-to-market systems in developed markets; expanding shared services; and implementing simplified organization structures to drive efficiency. The 2014 Productivity Plan is in addition to the productivity plan we began implementing in 2012 and is expected to continue the benefits of that plan.

In 2013, we incurred restructuring charges of $53 million ($39 million after-tax or $0.02 per share) in conjunction with our 2014 Productivity Plan. All of these charges were recorded in selling, general and administrative expenses and primarily relate to severance and other employee related costs. Substantially all of the restructuring accrual at December 28, 2013 is expected to be paid by the end of 2014.

A summary of our 2014 Productivity Plan charges in 2013 is as follows:



	Severance and Other Employee Costs		Other Costs		Total
FLNA	$	11	$	—	$	11
QFNA	3		—		3
LAF	5		—		5
PAB	10		—		10
Europe	10		—		10
AMEA	1		—		1
Corporate	12		1		13
	$	52	$	1	$	53

A summary of our 2014 Productivity Plan activity is as follows:



	Severance and Other Employee Costs			Other Costs		Total
2013 restructuring charges	$	52		$	1	$	53
Non-cash charges	(22		)	—		(22		)
Liability as of December 28, 2013	$	30		$	1	$	31

2012 Productivity Plan

The 2012 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 2012 Productivity Plan continues to enhance PepsiCo’s cost-competitiveness and provide a source of funding for future brand-building and innovation initiatives.

In 2013, we incurred restructuring charges of $110 million ($90 million after-tax or $0.06 per share) in conjunction with our 2012 Productivity Plan. In 2012 and 2011, we incurred restructuring charges of $279 million ($215 million after-tax or $0.14 per share) and $383 million ($286 million after-tax or $0.18 per share) in conjunction with our 2012 Productivity Plan, respectively. All of these charges were recorded in selling, general and administrative expenses and primarily relate to severance and other employee related costs, asset impairments, and consulting and contract termination costs. Substantially all of the restructuring accrual at December 28, 2013 is expected to be paid by the end of 2014.

A summary of our 2012 Productivity Plan charges is as follows:



	2013										2012									2011
	Severance and Other Employee Costs		Asset Impairments		Other Costs			Total			Severance and Other Employee Costs			Asset Impairments		Other Costs		Total		Severance and Other Employee Costs		Other Costs		Total
FLNA	$	4	$	—	$	4		$	8		$	14		$	8	$	16	$	38	$	74	$	2	$	76
QFNA	—		—		1			1			—			—		9		9		18		—		18
LAF	5		2		—			7			15			8		27		50		46		2		48
PAB	8		—		13			21			34			43		25		102		75		6		81
Europe	36		2		12			50			14			16		12		42		65		12		77
AMEA	21		2		2			25			18			—		10		28		9		—		9
Corporate ^(a)	—		—		(2		)	(2		)	(6		)	—		16		10		40		34		74
	$	74	$	6	$	30		$	110		$	89		$	75	$	115	$	279	$	327	$	56	$	383

(a) Income amounts represent adjustments of previously recorded amounts.

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



	Severance and Other Employee Costs			Asset Impairments			Other Costs			Total
2011 restructuring charges	$	327		$	—		$	56		$	383
Cash payments	(1		)	—			(29		)	(30		)
Non-cash charges	(77		)	—			—			(77		)
Liability as of December 31, 2011	249			—			27			276
2012 restructuring charges	89			75			115			279
Cash payments	(239		)	—			(104		)	(343		)
Non-cash charges	(8		)	(75		)	(2		)	(85		)
Liability as of December 29, 2012	91			—			36			127
2013 restructuring charges	74			6			30			110
Cash payments	(89		)	—			(44		)	(133		)
Non-cash charges	(8		)	(6		)	(5		)	(19		)
Liability as of December 28, 2013	$	68		$	—		$	17		$	85

Merger and Integration Charges

In 2013, we incurred merger and integration charges of $10 million ($8 million after-tax or $0.01 per share) related to our acquisition of WBD, all of which were recorded in selling, general and administrative expenses in the Europe segment. Substantially all of the merger and integration accrual at December 28, 2013 is expected to be paid by the end of 2014.

In 2012, we incurred merger and integration charges of $16 million ($12 million after-tax or $0.01 per share) related to our acquisition of WBD, including $11 million recorded in the Europe segment and $5 million recorded in interest expense. All of these net charges, other than the interest expense portion, were recorded in selling, general and administrative expenses.

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

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



	Severance and Other Employee Costs			Asset Impairments			Other Costs			Total
Liability as of December 25, 2010	$	179		$	—		$	25		$	204
2011 merger and integration charges	146			34			149			329
Cash payments	(191		)	—			(186		)	(377		)
Non-cash charges	(36		)	(34		)	19			(51		)
Liability as of December 31, 2011	98			—			7			105
2012 merger and integration charges ^(a)	(3		)	1			18			16
Cash payments	(65		)	—			(18		)	(83		)
Non-cash charges	(12		)	(1		)	(1		)	(14		)
Liability as of December 29, 2012	18			—			6			24
2013 merger and integration charges ^(a)	(2		)	7			5			10
Cash payments	(14		)	—			(11		)	(25		)
Non-cash charges	(2		)	(7		)	4			(5		)
Liability as of December 28, 2013	$	—		$	—		$	4		$	4

(a) Income amounts represent adjustments of previously recorded amounts.

Property, Plant and Equipment and Intangible Assets

12 Months Ended

Dec. 28, 2013

Property, Plant And Equipment And Intangible Assets [Abstract]

Property, Plant and Equipment and Intangible Assets

A summary of our property, plant and equipment is as follows:



	Average Useful Life (Years)	2013			2012			2011
Property, plant and equipment, net
Land and improvements	10 – 34	$	1,883		$	1,890
Buildings and improvements	15 – 44	7,832			7,792
Machinery and equipment, including fleet and software	5 – 15	25,415			24,743
Construction in progress		1,831			1,737
		36,961			36,162
Accumulated depreciation		(18,386		)	(17,026		)
		$	18,575		$	19,136
Depreciation expense		$	2,472		$	2,489		$	2,476

Property, plant and equipment is recorded at historical cost. Depreciation and amortization are recognized on a straight-line basis over an asset’s estimated useful life. Land is not depreciated and construction in progress is not depreciated until ready for service.

A summary of our amortizable intangible assets, net is as follows:



		2013							2012							2011
Amortizable intangible assets, net	Average Useful Life (Years)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Acquired franchise rights	56 – 60	$	910	$	(83	)	$	827	$	931	$	(67	)	$	864
Reacquired franchise rights	1 – 14	108		(86		)	22		110		(68		)	42
Brands	5 – 40	1,400		(996		)	404		1,422		(980		)	442
Other identifiable intangibles	10 – 24	686		(301		)	385		736		(303		)	433
		$	3,104	$	(1,466	)	$	1,638	$	3,199	$	(1,418	)	$	1,781
Amortization expense							$	110						$	119	$	133

Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 28, 2013 and using average 2013 foreign exchange rates, is expected to be as follows:



	2014		2015		2016		2017		2018
Five-year projected amortization	$	94	$	85	$	76	$	71	$	70

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

Nonamortizable Intangible Assets

Perpetual brands and goodwill are assessed for impairment at least annually. If the carrying amount of a perpetual brand exceeds its fair value, as determined by its discounted cash flows, an impairment loss is recognized in an amount equal to that excess. We did not recognize any impairment charges for goodwill in the years presented. We recorded impairment charges on certain brands in Europe of $23 million and $14 million in 2012 and 2011, respectively. For additional unaudited information on our policies for nonamortizable intangible assets, see “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

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



	Balance, Beginning 2012		Acquisitions/(Divestitures)			Translation and Other			Balance, End of 2012		Acquisitions/ (Divestitures)			Translation and Other			Balance, End of 2013
FLNA
Goodwill	$	311	$	—		$	5		$	316	$	—		$	(11	)	$	305
Brands	30		—			1			31		—			(2		)	29
	341		—			6			347		—			(13		)	334
QFNA
Goodwill	175		—			—			175		—			—			175

LAF
Goodwill	793		(61		)	(16		)	716		—			(56		)	660
Brands	157		75			(9		)	223		—			(17		)	206
	950		14			(25		)	939		—			(73		)	866
PAB
Goodwill	9,932		23			33			9,988		5			(50		)	9,943
Reacquired franchise rights	7,342		(33		)	28			7,337		16			(72		)	7,281
Acquired franchise rights	1,562		9			2			1,573		(8		)	(14		)	1,551
Brands	168		—			(15		)	153		—			(7		)	146
	19,004		(1		)	48			19,051		13			(143		)	18,921
Europe
Goodwill	4,900		78			236			5,214		—			(187		)	5,027
Reacquired franchise rights	732		—			40			772		—			(12		)	760
Acquired franchise rights	218		—			5			223		—			7			230
Brands	4,178		(96		)	202			4,284		—			(213		)	4,071
	10,028		(18		)	483			10,493		—			(405		)	10,088
AMEA
Goodwill	689		(142		)	15			562		(4		)	(55		)	503
Brands	170		(24		)	2			148		—			(21		)	127
	859		(166		)	17			710		(4		)	(76		)	630

Total goodwill	16,800		(102		)	273			16,971		1			(359		)	16,613
Total reacquired franchise rights	8,074		(33		)	68			8,109		16			(84		)	8,041
Total acquired franchise rights	1,780		9			7			1,796		(8		)	(7		)	1,781
Total brands	4,703		(45		)	181			4,839		—			(260		)	4,579
	$	31,357	$	(171	)	$	529		$	31,715	$	9		$	(710	)	$	31,014

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Income Taxes

12 Months Ended

Dec. 28, 2013

Income Tax Disclosure [Abstract]

Income Taxes

The components of income before income taxes are as follows:



		2013			2012			2011
U.S.		$	3,078		$	3,234		$	3,964
Foreign		5,813			5,070			4,870
		$	8,891		$	8,304		$	8,834

The provision for income taxes consisted of the following:

		2013			2012			2011
Current:	U.S. Federal	$	1,092		$	911		$	611
	Foreign	807			940			882
	State	124			153			124
		2,023			2,004			1,617
Deferred:	U.S. Federal	87			154			789
	Foreign	11			(95		)	(88		)
	State	(17		)	27			54
		81			86			755
		$	2,104		$	2,090		$	2,372

A reconciliation of the U.S. Federal statutory tax rate to our annual tax rate is as follows:

		2013			2012			2011
U.S. Federal statutory tax rate		35.0		%	35.0		%	35.0		%
State income tax, net of U.S. Federal tax benefit		1.2			1.4			1.3
Lower taxes on foreign results		(8.8		)	(6.9		)	(8.7		)
Tax benefits		(2.4		)	(2.6		)	—
Other, net		(1.3		)	(1.7		)	(0.8		)
Annual tax rate		23.7		%	25.2		%	26.8		%

Deferred tax liabilities and assets are comprised of the following:



Deferred tax liabilities	2013			2012
Pension benefits	$	84		$	—
Debt guarantee of wholly owned subsidiary	828			828
Property, plant and equipment	2,327			2,424
Intangible assets other than nondeductible goodwill	4,348			4,388
Other	361			308
Gross deferred tax liabilities	7,948			7,948
Deferred tax assets
Net carryforwards	1,485			1,378
Stock-based compensation	303			378
Retiree medical benefits	384			411
Other employee-related benefits	627			672
Pension benefits	—			647
Deductible state tax and interest benefits	155			345
Long-term debt obligations acquired	125			164
Other	959			863
Gross deferred tax assets	4,038			4,858
Valuation allowances	(1,360		)	(1,233		)
Deferred tax assets, net	2,678			3,625
Net deferred tax liabilities	$	5,270		$	4,323

Deferred taxes are included within the following balance sheet accounts:



	2013		2012
Assets:
Prepaid expenses and other current assets	$	716	$	740
Liabilities:
Deferred income taxes	$	5,986	$	5,063

A summary of our valuation allowance activity is as follows:



	2013		2012			2011
Balance, beginning of year	$	1,233	$	1,264		$	875
Provision	111		68			464
Other additions/(deductions)	16		(99		)	(75		)
Balance, end of year	$	1,360	$	1,233		$	1,264

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 became 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) accounts intended 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.

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

Reserves

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



Jurisdiction	Years Open to Audit	Years Currently Under Audit
United States	2010-2012	2010-2011
Mexico	2008-2012	None
United Kingdom	2012	None
Canada (Domestic)	2009-2012	2009-2010
Canada (International)	2008-2012	2008-2010
Russia	2009-2012	2009-2012

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

In the fourth quarter of 2013, we reached an agreement with the IRS resolving all open matters related to the audits for taxable years 2003 through 2009. As a result, we made U.S. Federal net cash tax payments of $758 million, including interest. The settlement reduced our 2013 net cash provided by operating activities and our reserves for uncertain tax positions for the tax years 2003 through 2012 and resulted in a non-cash tax benefit of $209 million in the fourth quarter of 2013. In addition, payments for other U.S. Federal, state and local tax matters related to open tax years totaling $226 million were made in 2013. In 2012, we received a favorable tax court decision related to the classification of financial instruments resulting in a non-cash tax benefit of $217 million in the fourth quarter of 2012. See additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

As of December 28, 2013, the total gross amount of reserves for income taxes, reported in income taxes payable and other liabilities, was $1,268 million. We accrue interest related to reserves for income taxes in our provision for income taxes and any associated penalties are recorded in selling, general and administrative expenses. The gross amount of interest accrued, reported in other liabilities, was $164 million as of December 28, 2013, of which $36 million of expense was recognized in 2013. The gross amount of interest accrued, reported in other liabilities, was $670 million as of December 29, 2012, of which $10 million of benefit was recognized in 2012.

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



	2013			2012
Balance, beginning of year	$	2,425		$	2,167
Additions for tax positions related to the current year	238			275
Additions for tax positions from prior years	273			161
Reductions for tax positions from prior years	(327		)	(172		)
Settlement payments	(1,306		)	(17		)
Statutes of limitations expiration	(30		)	(3		)
Translation and other	(5		)	14
Balance, end of year	$	1,268		$	2,425

Carryforwards and Allowances

Operating loss carryforwards totaling $11.1 billion at year-end 2013 are being carried forward in a number of foreign and state jurisdictions where we are permitted to use tax operating losses from prior periods to reduce future taxable income. These operating losses will expire as follows: $0.1 billion in 2014, $10.4 billion between 2015 and 2033 and $0.6 billion may be carried forward indefinitely. We establish valuation allowances for our deferred tax assets if, based on the available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Undistributed International Earnings

As of December 28, 2013, we had approximately $34.1 billion of undistributed international earnings. We intend to continue to reinvest earnings outside the U.S. for the foreseeable future and, therefore, have not recognized any U.S. tax expense on these earnings. It is not practicable for us to determine the amount of unrecognized U.S. tax expense on these reinvested international earnings.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Stock-Based Compensation

12 Months Ended

Dec. 28, 2013

Share-based Compensation [Abstract]

Stock-Based Compensation

Our stock-based compensation program is designed to attract and retain employees while also aligning employees’ interests with the interests of our shareholders. Stock options, restricted stock units (RSUs) and PepsiCo equity performance units (PEPUnits) are granted to employees under the shareholder-approved 2007 Long-Term Incentive Plan (LTIP). Starting in 2012, certain executive officers were granted PEPUnits. 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 Company may use authorized and unissued shares to meet share requirements resulting from the exercise of stock options and the vesting of restricted stock awards.

As of December 28, 2013, 110 million shares were available for future stock-based compensation grants.

The following table summarizes our total stock-based compensation expense:



	2013		2012			2011
Stock-based compensation expense	$	303	$	278		$	326
Merger and integration charges	—		2			13
Restructuring and impairment (benefits)/charges	—		(7		)	4
Total	$	303	$	273		$	343
Income tax benefits recognized in earnings related to stock-based compensation	$	76	$	73		$	101

Method of Accounting and Our Assumptions

We account for our employee stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock option expense at the date of grant. In addition, we use the Monte-Carlo simulation option-pricing model to determine the fair value of market-based awards. The Monte-Carlo simulation option-pricing model uses the same input assumptions as the Black-Scholes model; however, it also further incorporates into the fair-value determination the possibility that the market condition may not be satisfied. Compensation costs related to awards with a market-based condition are recognized regardless of whether the market condition is satisfied, provided that the requisite service has been provided.

All stock option grants have an exercise price equal to the fair market value of our common stock on the date of grant and generally have a 10-year term. We do not backdate, reprice or grant stock-based compensation awards retroactively. Repricing of awards would require shareholder approval under the LTIP.

The fair value of stock option grants is amortized to expense over the vesting period, generally three years. Awards to employees eligible for retirement prior to the award becoming fully vested are amortized to expense over the period through the date that the employee first becomes eligible to retire and is no longer required to provide service to earn the award. Executives who are awarded long-term incentives based on their performance may generally elect to receive their grant in the form of stock options or RSUs, or a combination thereof. Executives who elect RSUs receive one RSU for every four stock options that would have otherwise been granted. Certain senior executives do not have a choice and are granted 50% stock options and 50% performance-based RSUs. Beginning in 2012, certain executive officers and other senior executives are granted a combination of 60% PEPUnits measuring absolute and relative stock performance and 40% long-term cash based on achievement of specific operating metrics.

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



	2013		2012		2011
Expected life	6 years		6 years		6 years
Risk-free interest rate	1.1	%	1.3	%	2.5	%
Expected volatility	17	%	17	%	16	%
Expected dividend yield	2.7	%	3.0	%	2.9	%

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

A summary of our stock-based compensation activity for the year ended December 28, 2013 is as follows:



Our Stock Option Activity	Options^(a)		Average Price^(b)		Average Life (years)^(c)	Aggregate Intrinsic Value^(d)
Outstanding at December 29, 2012	68,145		$	59.15
Granted	2,868		$	76.39
Exercised	(20,275	)	$	55.31
Forfeited/expired	(1,276	)	$	64.65
Outstanding at December 28, 2013	49,462		$	61.58	4.86	$	1,045,116
Exercisable at December 28, 2013	37,858		$	59.64	4.55	$	873,257
Expected to vest as of December 28, 2013	11,159		$	67.52	7.85	$	169,498


(a)	Options are in thousands and include options previously granted under PBG and PAS plans. No additional options or shares were granted under the PBG and PAS plans after 2009.


(b)	Weighted-average exercise price.


(c)	Weighted-average contractual life remaining.


(d)	In thousands.



Our RSU Activity	RSUs^(a)		Average Intrinsic Value^(b)		Average Life (years)^(c)	Aggregate Intrinsic Value^(d)
Outstanding at December 29, 2012	11,982		$	65.60
Granted	4,231		$	76.30
Converted	(3,457	)	$	66.38
Forfeited	(817	)	$	67.46
Outstanding at December 28, 2013	11,939		$	69.04	1.37	$	987,473
Expected to vest as of December 28, 2013	11,346		$	68.45	1.21	$	938,435


(a)	RSUs are in thousands and include RSUs previously granted under the PBG plan. No additional RSUs or shares were granted under the PBG plan after 2009.


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


(c)	Weighted-average contractual life remaining.


(d)	In thousands.



Our PEPUnit Activity	PEPUnits^(a)		Average Intrinsic Value^(b)		Average Life (years)^(c)	Aggregate Intrinsic Value^(d)
Outstanding at December 29, 2012	368		$	64.89
Granted	355		$	68.48
Converted	(48	)	$	66.78
Forfeited	—		$	—
Outstanding at December 28, 2013	675		$	66.65	1.70	$	55,809
Expected to vest as of December 28, 2013	608		$	66.55	1.69	$	50,284


(a)	PEPUnits are in thousands.


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


(c)	Weighted-average contractual life remaining.


(d)	In thousands.

Other Stock-Based Compensation Data



	2013		2012		2011
Stock Options
Total number of options granted^(a)	2,868		3,696		7,150
Weighted-average fair value of options granted	$	8.14	$	6.86	$	7.79
Total intrinsic value of options exercised^(a)	$	471,475	$	512,636	$	385,678
RSUs
Total number of RSUs granted^(a)	4,231		4,404		5,333
Weighted-average intrinsic value of RSUs granted	$	76.30	$	66.64	$	63.87
Total intrinsic value of RSUs converted^(a)	$	294,065	$	236,575	$	173,433
PEPUnits
Total number of PEPUnits granted^(a)	355		410
Weighted-average intrinsic value of PEPUnits granted	$	68.48	$	64.85
Total intrinsic value of PEPUnits converted^(a)	$	3,868	—


(a)	In thousands.

As of December 28, 2013, there were approximately 290,000 outstanding awards, consisting primarily of phantom stock units that were granted under the PepsiCo Director Deferral Program and will be settled in shares of PepsiCo Common Stock pursuant to the LTIP at the end of the applicable deferral period, not included in the tables above.

As of December 28, 2013, there was $373 million of total unrecognized compensation cost related to nonvested share-based compensation grants. This unrecognized compensation is expected to be recognized over a weighted-average period of two years.

General Discussion of Pension and Other Postretirement Benefits [Abstract]

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.

+ References+ Details

Pension, Retiree Medical and Savings Plans

12 Months Ended

Dec. 28, 2013

Pension, Retiree Medical and Savings Plans

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

Gains and losses resulting from actual experience differing from our assumptions, including the difference between the actual return on plan assets and the expected return on plan assets, and from changes in our assumptions are determined at each measurement date. If this net accumulated gain or loss exceeds 10% of the greater of the market-related value of plan assets or plan liabilities, a portion of the net gain or loss is included in expense for the following year based upon the average remaining service period of active plan participants, which is approximately 11 years for pension expense and approximately 9 years for retiree medical expense. The cost or benefit of plan changes that increase or decrease benefits for prior employee service (prior service cost/(credit)) is included in earnings on a straight-line basis over the average remaining service period of active plan participants.

In the fourth quarter of 2012, the Company offered certain former employees who had vested benefits in our defined benefit pension plans the option of receiving a one-time lump sum payment equal to the present value of the participant’s pension benefit (payable in cash or rolled over into a qualified retirement plan or IRA). In December 2012, we made a discretionary contribution of $405 million to fund substantially all of these payments. The Company recorded a pre-tax non-cash settlement charge of $195 million ($131 million after-tax or $0.08 per share) as a result of this transaction. See additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

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

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



	Pension												Retiree Medical
	U.S.						International
	2013			2012			2013			2012			2013			2012
Change in projected benefit liability
Liability at beginning of year	$	12,886		$	11,901		$	2,788		$	2,381		$	1,511		$	1,563
Service cost	467			407			111			100			45			50
Interest cost	527			534			118			115			54			65
Plan amendments	22			15			(1		)	—			—			—
Participant contributions	—			—			3			3			—			—
Experience (gain)/loss	(1,522		)	932			(65		)	200			(128		)	(63		)
Benefit payments	(533		)	(278		)	(91		)	(76		)	(97		)	(111		)
Settlement/curtailment	(44		)	(633		)	(3		)	(40		)	—			—
Special termination benefits	22			8			—			1			2			5
Foreign currency adjustment	—			—			(2		)	102			(3		)	2
Other	—			—			1			2			—			—
Liability at end of year	$	11,825		$	12,886		$	2,859		$	2,788		$	1,384		$	1,511

Change in fair value of plan assets
Fair value at beginning of year	$	10,817		$	9,072		$	2,463		$	2,031		$	365		$	190
Actual return on plan assets	1,159			1,282			265			206			76			35
Employer contributions/funding	63			1,368			137			246			62			251
Participant contributions	—			—			3			3			—			—
Benefit payments	(533		)	(278		)	(91		)	(76		)	(97		)	(111		)
Settlement	(44		)	(627		)	(8		)	(33		)	—			—
Foreign currency adjustment	—			—			8			86			—			—
Fair value at end of year	$	11,462		$	10,817		$	2,777		$	2,463		$	406		$	365
Funded status	$	(363	)	$	(2,069	)	$	(82	)	$	(325	)	$	(978	)	$	(1,146	)



	Pension												Retiree Medical
	U.S.						International
	2013			2012			2013			2012			2013			2012
Amounts recognized
Other assets	$	603		$	—		$	74		$	51		$	—		$	—
Other current liabilities	(41		)	(51		)	(1		)	(2		)	(72		)	(71		)
Other liabilities	(925		)	(2,018		)	(155		)	(374		)	(906		)	(1,075		)
Net amount recognized	$	(363	)	$	(2,069	)	$	(82	)	$	(325	)	$	(978	)	$	(1,146	)

Amounts included in accumulated other comprehensive loss (pre-tax)
Net loss/(gain)	$	2,069		$	4,212		$	849		$	1,096		$	(222	)	$	(44	)
Prior service cost/(credit)	125			121			(6		)	(3		)	(69		)	(92		)
Total	$	2,194		$	4,333		$	843		$	1,093		$	(291	)	$	(136	)

Components of the (decrease)/increase in net loss/(gain) included in accumulated other comprehensive loss
Change in discount rate	$	(1,532	)	$	776		$	(166	)	$	188		$	(117	)	$	84
Employee-related assumption changes	24			135			91			(2		)	2			(67		)
Liability-related experience different from assumptions	(14		)	66			10			14			(13		)	(80		)
Actual asset return different from expected return	(336		)	(486		)	(108		)	(60		)	(49		)	(13		)
Amortization and settlement of losses	(285		)	(451		)	(68		)	(64		)	(1		)	—
Other, including foreign currency adjustments	—			(45		)	(6		)	43			—			—
Total	$	(2,143	)	$	(5	)	$	(247	)	$	119		$	(178	)	$	(76	)

Liability at end of year for service to date	$	10,803		$	11,643		$	2,369		$	2,323

The components of benefit expense are as follows:



	Pension																		Retiree Medical
	U.S.									International
	2013			2012			2011			2013			2012			2011			2013			2012			2011
Components of benefit expense
Service cost	$	467		$	407		$	350		$	111		$	100		$	95		$	45		$	50		$	51
Interest cost	527			534			547			118			115			117			54			65			88
Expected return on plan assets	(823		)	(796		)	(704		)	(157		)	(146		)	(136		)	(27		)	(22		)	(14		)
Amortization of prior service cost/(credit)	18			17			14			1			1			2			(23		)	(26		)	(28		)
Amortization of net loss	289			259			145			66			53			40			1			—			12
	478			421			352			139			123			118			50			67			109
Settlement/curtailment (gain)/loss^(a)	(4		)	185			(8		)	7			4			30			—			—			—
Special termination benefits	22			8			71			—			1			1			2			5			1
Total	$	496		$	614		$	415		$	146		$	128		$	149		$	52		$	72		$	110


(a)	U.S. includes pension lump sum settlement charge of $195 million in 2012. This charge is reflected in items affecting comparability (see additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations).

The estimated amounts to be amortized from accumulated other comprehensive loss into expense in 2014 for our pension and retiree medical plans are as follows:



	Pension				Retiree Medical
	U.S.		International
Net loss/(gain)	$	175	$	53	$	(6	)
Prior service cost/(credit)	21		—		(22		)
Total	$	196	$	53	$	(28	)

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



	Pension												Retiree Medical
	U.S.						International
	2013		2012		2011		2013		2012		2011		2013		2012		2011
Weighted-average assumptions
Liability discount rate	5.0	%	4.2	%	4.6	%	4.7	%	4.4	%	4.8	%	4.6	%	3.7	%	4.4	%
Expense discount rate	4.2	%	4.6	%	5.7	%	4.4	%	4.8	%	5.5	%	3.7	%	4.4	%	5.2	%
Expected return on plan assets	7.8	%	7.8	%	7.8	%	6.6	%	6.7	%	6.7	%	7.8	%	7.8	%	7.8	%
Liability rate of salary increases	3.7	%	3.7	%	3.7	%	3.9	%	3.9	%	4.1	%
Expense rate of salary increases	3.7	%	3.7	%	4.1	%	3.9	%	4.1	%	4.1	%

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



	Pension												Retiree Medical
	U.S.						International
	2013			2012			2013			2012			2013			2012
Selected information for plans with liability for service to date in excess of plan assets
Liability for service to date	$	(577	)	$	(11,643	)	$	(310	)	$	(711	)
Fair value of plan assets	$	2		$	10,817		$	259		$	552
Selected information for plans with projected benefit liability in excess of plan assets
Benefit liability	$	(6,555	)	$	(12,886	)	$	(2,291	)	$	(2,542	)	$	(1,384	)	$	(1,511	)
Fair value of plan assets	$	5,589		$	10,817		$	2,135		$	2,166		$	406		$	365

Of the total projected pension benefit liability at year-end 2013, $700 million relates to plans that we do not fund because the funding of such plans does not receive favorable tax treatment.

Future Benefit Payments and Funding

Our estimated future benefit payments are as follows:



	2014		2015		2016		2017		2018		2019-23
Pension	$	565	$	595	$	640	$	695	$	750	$	4,655
Retiree medical^(a)	$	130	$	130	$	130	$	135	$	135	$	655


(a)	Expected future benefit payments for our retiree medical plans do not reflect any estimated subsidies expected to be received under the 2003 Medicare Act. Subsidies are expected to be approximately $15 million for each of the years from 2014 through 2018 and approximately $85 million in total for 2019 through 2023.

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

In 2014, we expect to make pension and retiree medical contributions of approximately $260 million, with approximately $70 million for retiree medical benefits.

Plan Assets

Pension

Our pension plan investment strategy includes the use of actively managed securities and is reviewed periodically in conjunction with plan liabilities, an evaluation of market conditions, tolerance for risk and cash requirements for benefit payments. Our investment objective is to ensure that funds are available to meet the plans’ benefit obligations when they become due. Our overall investment strategy is to prudently invest plan assets in a well-diversified portfolio of equity and high-quality debt securities and real estate to achieve our long-term return expectations. Our investment policy also permits the use of derivative instruments which are primarily used to reduce risk. Our expected long-term rate of return on U.S. plan assets is 7.5% for 2014 and 7.8% for 2013. Our target investment allocations are as follows:



	2014		2013
Fixed income	40	%	40	%
U.S. equity	33	%	33	%
International equity	22	%	22	%
Real estate	5	%	5	%

Actual investment allocations may vary from our target investment allocations due to prevailing market conditions. We regularly review our actual investment allocations and periodically rebalance our investments to our target allocations.

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

Our pension contributions were $200 million, $1,614 million and $239 million for 2013, 2012 and 2011, respectively, of which $23 million, $1,375 million and $61 million, respectively, was discretionary. Discretionary contributions for 2012 included $405 million pertaining to pension lump sum payments.

Retiree Medical

In 2013, 2012 and 2011, we made non-discretionary contributions of $62 million, $111 million and $110 million, respectively, to fund the payment of retiree medical claims. In 2012, we made a discretionary contribution of $140 million to fund future U.S. retiree medical plan benefits. This contribution was invested consistent with the allocation of existing assets in the U.S. pension plan.

Fair Value

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

•Level 1: Unadjusted quoted prices in active markets for identical assets.


•	Level 2: Observable inputs other than those included in Level 1. For example, quoted prices for similar assets in active markets or quoted prices for identical assets in inactive markets.

•Level 3: Unobservable inputs reflecting assumptions about the inputs used in pricing the asset.

Plan assets measured at fair value as of fiscal year-end 2013 and 2012 are categorized consistently by level in both years, and are as follows:



	2013								2012
	Total		Level 1		Level 2		Level 3		Total
U.S. plan assets*
Equity securities:
U.S. common stock^(a)	$	732	$	732	$	—	$	—	$	626
U.S. commingled funds^{(b) (c)}	3,334		—		3,334		—		3,106
International common stock^(a)	1,669		1,669		—		—		1,597
International commingled fund^(d)	902		—		902		—		948
Preferred stock^(e)	18		—		18		—		20
Fixed income securities:
Government securities^(e)	1,264		—		1,264		—		1,287
Corporate bonds^{(e) (f)}	2,958		—		2,958		—		2,962
Mortgage-backed securities^(e)	220		—		220		—		110
Other:
Contracts with insurance companies^(g)	6		—		—		6		27
Real estate commingled funds^(h)	552		—		—		552		331
Cash and cash equivalents	154		154		—		—		117
Sub-total U.S. plan assets	11,809		$	2,555	$	8,696	$	558	11,131
Dividends and interest receivable	59								51
Total U.S. plan assets	$	11,868							$	11,182
International plan assets
Equity securities:
U.S. common stock^(a)	$	4	$	4	$	—	$	—	$	—
U.S. commingled funds^(b)	334		—		334		—		278
International common stock^(a)	176		176		—		—		—
International commingled funds^(d)	914		—		914		—		863
Preferred stock^(e)	1		—		1		—		—
Fixed income securities:
Government securities^(e)	207		—		207		—		202
Corporate bonds^(e)	261		—		261		—		230
Fixed income commingled funds⁽ⁱ⁾	650		—		650		—		600
Other:
Contracts with insurance companies^(g)	34		—		—		34		35
Currency commingled fund^(j)	91		—		91		—		64
Real estate commingled fund^(h)	83		—		—		83		60
Cash and cash equivalents	15		15		—		—		125
Sub-total international plan assets	2,770		$	195	$	2,458	$	117	2,457
Dividends and interest receivable	7								6
Total international plan assets	$	2,777							$	2,463


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


(b)	Based on the fair value of the investments owned by these funds that track various U.S. large, mid-cap and small company indices.


(c)	Includes one large-cap fund that represents 25% of total U.S. plan assets for both 2013 and 2012.


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


(e)	Based on quoted bid prices for comparable securities in the marketplace and broker/dealer quotes in active markets.


(f)	Corporate bonds of U.S.-based companies represent 21% and 22%, respectively, of total U.S. plan assets for 2013 and 2012.


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


(h)	Based on the appraised value of the investments owned by these funds as determined by independent third parties using inputs that are not observable.


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


(j)	Based on the fair value of the investments owned by this fund that invests primarily in derivatives to hedge currency exposure.


*	2013 and 2012 amounts include $406 million and $365 million, respectively, of retiree medical plan assets that are restricted for purposes of providing health benefits for U.S. retirees and their beneficiaries.

The changes in Level 3 plan assets are as follows:



	Balance, Beginning 2012		Return on Assets Held at Year End		Purchases and Sales, Net			Balance, End of 2012		Return on Assets Held at Year End			Purchases and Sales, Net			Balance, End of 2013
Real estate commingled funds	$	56	$	16	$	319		$	391	$	56		$	188		$	635
Contracts with insurance companies	54		9		(1		)	62		(1		)	(21		)	40
Total	$	110	$	25	$	318		$	453	$	55		$	167		$	675

Retiree Medical Cost Trend Rates

An average increase of 6% in the cost of covered retiree medical benefits is assumed for 2014. This average increase is then projected to decline gradually to 5% in 2020 and thereafter. These assumed health care cost trend rates have an impact on the retiree medical plan expense and liability, however the cap on our share of retiree medical costs limits the impact. In addition, as of January 1, 2011, the Company started phasing out Company subsidies of retiree medical benefits. A 1-percentage-point change in the assumed health care trend rate would have the following effects:



	1% Increase		1% Decrease
2013 service and interest cost components	$	4	$	(3	)
2013 benefit liability	$	39	$	(34	)

Savings Plan

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

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

Certain U.S. salaried employees, who are not eligible to participate in a defined benefit pension plan, are also eligible to receive an employer contribution to the 401(k) savings plan based on age and years of service regardless of employee contribution.

In 2013, 2012 and 2011, our total Company contributions were $122 million, $109 million and $144 million, respectively.

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

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 28, 2013
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Our related party transactions in 2013, 2012 and 2011 are not material. We coordinate, on an aggregate basis, the contract negotiations of sweeteners and other raw material requirements, including aluminum cans and plastic bottles and closures for us and certain of our independent bottlers. Once we have negotiated the contracts, the bottlers order and take delivery directly from the supplier and pay the suppliers directly. Consequently, these transactions are not reflected in our consolidated financial statements. As the contracting party, we could be liable to these suppliers in the event of any nonpayment by our bottlers, but we consider this exposure to be remote. In addition, our joint ventures with Unilever (under the Lipton brand name) and Starbucks sell finished goods (ready-to-drink teas and coffees, respectively) to us and our noncontrolled bottling affiliates. Consistent with accounting for equity method investments, our joint venture revenue is not included in our consolidated net revenue.

Debt Obligations and Commitments [Abstract]

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

Debt Obligations and Commitments

12 Months Ended

Dec. 28, 2013

Debt Obligations And Commitments

Debt Obligations and Commitments

The following table summarizes the Company’s long-term debt obligations:



	2013			2012
Short-term debt obligations
Current maturities of long-term debt	$	2,224		$	2,901
Commercial paper (0.1% and 0.1%)	2,924			1,101
Other borrowings (12.4% and 7.4%)	158			813
	$	5,306		$	4,815
Long-term debt obligations
Notes due 2013 (2.3%)	$	—		$	2,891
Notes due 2014 (5.3% and 4.4%)	2,219			3,237
Notes due 2015 (1.2% and 1.5%)	4,116			3,300
Notes due 2016 (2.5% and 3.9%)	3,106			1,878
Notes due 2017 (2.0% and 2.0%)	1,258			1,250
Notes due 2018 (4.3% and 4.7%)	3,439			3,511
Notes due 2019-2042 (4.0% and 4.4%)	12,373			10,270
Other, due 2014-2020 (4.4% and 9.3%)	46			108
	26,557			26,445
Less: current maturities of long-term debt obligations	(2,224		)	(2,901		)
Total	$	24,333		$	23,544

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

In the first quarter of 2013, we issued:


•	$625 million of floating rate notes maturing February 2016, which bear interest at a rate equal to the three-month London Inter-Bank Offered Rate (LIBOR) plus 21 basis points;


•	$625 million of 0.700% senior notes maturing in February 2016; and


•	$1.25 billion of 2.750% senior notes maturing in March 2023.

In the third quarter of 2013, we issued:


•	$850 million of floating rate notes maturing in July 2015 (2015 Notes), which bear interest at a rate equal to the three-month LIBOR plus 20 basis points; and


•	$850 million of 2.250% senior notes maturing in January 2019 (2019 Notes).

The net proceeds from the issuances of the notes in the first quarter of 2013 were used for general corporate purposes, including the repayment of commercial paper. The net proceeds from the issuances of the notes in the third quarter of 2013 were primarily used for the redemption of our outstanding 3.75% senior notes maturing in March 2014 (2014 Notes), as described below, with the remainder used for general corporate purposes, including the repayment of commercial paper. In the third quarter of 2013, we exercised our option to redeem all of the above 2014 Notes, using approximately $1 billion of the net proceeds from the 2015 Notes and 2019 Notes issued in the quarter.

In the second quarter of 2013, we entered into a new five-year unsecured revolving credit agreement (Five-Year Credit Agreement) which expires on June 10, 2018. The Five-Year Credit Agreement enables us and our borrowing subsidiaries to borrow up to $2.925 billion, subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $3.5 billion. Additionally, we may, once a year, request renewal of the agreement for an additional one-year period.

Also, in the second quarter of 2013, we entered into a new 364-day unsecured revolving credit agreement (364-Day Credit Agreement) which expires on June 9, 2014. The 364-Day Credit Agreement enables us and our borrowing subsidiaries to borrow up to $2.925 billion, subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $3.5 billion. We may request renewal of this facility for an additional 364-day period or convert any amounts outstanding into a term loan for a period of up to one year, which would mature no later than the then effective termination date.

The Five-Year Credit Agreement and the 364-Day Credit Agreement together replaced our $2.925 billion Four-Year Credit Agreement dated as of June 14, 2011 and our $2.925 billion 364-Day Credit Agreement dated as of June 14, 2011. Funds borrowed under the Five-Year Credit Agreement and the 364-Day Credit Agreement may be used for general corporate purposes of PepsiCo and our subsidiaries.

In addition, as of December 28, 2013, our international debt of $151 million was related to borrowings from external parties including various lines of credit. These lines of credit are subject to normal banking terms and conditions and are fully committed at least to the extent of our borrowings.

Long-Term Contractual Commitments ^(a)

The following table summarizes our long-term contractual commitments by period:



	Payments Due by Period
	Total		2014		2015 – 2016		2017 – 2018		2019 and beyond
Long-term debt obligations^(b)	$	23,878	$	—	$	7,198	$	4,497	$	12,183
Interest on debt obligations^(c)	8,107		807		1,411		1,221		4,668
Operating leases	2,014		441		631		375		567
Purchasing commitments^(d)	2,347		798		1,122		196		231
Marketing commitments^(d)	2,149		326		605		485		733
	$	38,495	$	2,372	$	10,967	$	6,774	$	18,382


(a)	Based on year-end foreign exchange rates. Reserves for uncertain tax positions are excluded from the table above as we are unable to reasonably predict the ultimate amount or timing of any settlements.


(b)	Excludes $2,224 million related to current maturities of long-term debt, $237 million related to the fair value step-up of debt acquired in connection with our acquisitions of PBG and PAS and $218 million related to the increase in carrying value of long-term debt representing the gains on our fair value interest rate swaps.


(c)	Interest payments on floating-rate debt are estimated using interest rates effective as of December 28, 2013.


(d)	Primarily reflects non-cancelable commitments as of December 28, 2013.

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

Off-Balance-Sheet Arrangements

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

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

Financial Instruments

12 Months Ended

Dec. 28, 2013

Derivative Instruments and Hedges, Assets [Abstract]

Financial Instruments

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


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


•	foreign exchange risks and 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. Ongoing productivity initiatives involve the identification and effective implementation of meaningful cost-saving opportunities or efficiencies, including the use of derivatives. Our global purchasing programs include fixed-price purchase orders and pricing agreements. 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 price, foreign exchange or interest rate risks are classified as operating activities in the Consolidated Statement of Cash Flows. 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 fully offset the change in the value of the underlying hedged item. If the derivative instrument related to a cash flow hedge is terminated, we continue to defer the related gain or loss as part of accumulated other comprehensive 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 on the hedge 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 contracts and purchase orders, pricing agreements and derivatives. In addition, risk to our supply 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 agricultural products, energy and metals. For those derivatives that qualify for hedge accounting, any ineffectiveness is recorded immediately in corporate unallocated expenses. Ineffectiveness was not material for all periods presented. During the next 12 months, we expect to reclassify net losses of $26 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 with the resulting gains and losses recorded in corporate unallocated expenses as either cost of sales or selling, general and administrative expenses, depending on the underlying commodity. These gains and losses are subsequently reflected in division results when the divisions recognize the cost of the underlying commodity in net income.

Our open commodity derivative contracts that qualify for hedge accounting had a face value of $494 million as of December 28, 2013 and $507 million as of December 29, 2012.

Our open commodity derivative contracts that do not qualify for hedge accounting had a face value of $881 million as of December 28, 2013 and $853 million as of December 29, 2012.

Foreign Exchange

Our operations outside of the U.S. generate 49% of our net revenue, with Russia, Mexico, Canada, the United Kingdom and Brazil comprising approximately 25% of our net revenue in 2013. As a result, we are exposed to foreign exchange risks.

Additionally, we are also exposed to foreign exchange risk from foreign currency purchases and foreign currency assets and liabilities created in the normal course of business. We manage this risk through sourcing purchases from local suppliers, negotiating contracts in local currencies with foreign suppliers and through the use of derivatives, primarily forward contracts with terms of no more than two years. 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 December 28, 2013 and $2.8 billion as of December 29, 2012. During the next 12 months, we expect to reclassify net gains of $11 million related to foreign currency derivative contracts that qualify for hedge accounting from accumulated other comprehensive loss into net income. Ineffectiveness was not material for all periods presented. 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 interest rate swaps match the principal, interest payment and maturity date of the related debt. Our Treasury locks and swap locks are entered into to protect against unfavorable interest rate changes relating to forecasted debt transactions.

The notional amounts of the interest rate derivative instruments outstanding as of December 28, 2013 and December 29, 2012 were $7.9 billion and $8.1 billion, respectively. For those interest rate derivative instruments that qualify for cash flow hedge accounting, any ineffectiveness is recorded immediately. Ineffectiveness was not material for all periods presented. 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 December 28, 2013, approximately 31% of total debt, after the impact of the related interest rate derivative instruments, was exposed to variable rates, compared to 27% as of December 29, 2012.

Fair Value Measurements

The fair values of our financial assets and liabilities as of December 28, 2013 and December 29, 2012 are categorized as follows:



	2013				2012
	Assets^(a)		Liabilities^(a)		Assets^(a)		Liabilities^(a)
Available-for-sale securities^(b)	$	135	$	—	$	79	$	—
Short-term investments – index funds^(c)	$	184	$	—	$	161	$	—
Prepaid forward contracts^(d)	$	24	$	—	$	33	$	—
Deferred compensation^(e)	$	—	$	504	$	—	$	492
Derivatives designated as fair value hedging instruments:
Interest rate^(f)	$	176	$	10	$	276	$	—
Derivatives designated as cash flow hedging instruments:
Foreign exchange^(g)	$	22	$	13	$	5	$	19
Interest rate^(f)	19		—		6		—
Commodity^(h)	6		29		8		24
	$	47	$	42	$	19	$	43
Derivatives not designated as hedging instruments:
Foreign exchange^(g)	$	12	$	8	$	8	$	6
Interest rate^(f)	71		94		123		153
Commodity^(h)	20		89		40		45
	$	103	$	191	$	171	$	204
Total derivatives at fair value	$	326	$	243	$	466	$	247
Total	$	669	$	747	$	739	$	739

(a)

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


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


(c)	Based on the price of index funds. Categorized as a Level 1 asset.


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


(e)	Based on the fair value of investments corresponding to employees’ investment elections. As of December 28, 2013, all balances are categorized as Level 2 liabilities. As of December 29, 2012, $10 million are categorized as Level 1 liabilities and the remaining balances are categorized as Level 2 liabilities.


(f)	Based on LIBOR forward rates and recently reported market transactions of spot and 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 carrying amounts of our cash and cash equivalents and short-term investments approximate fair value due to the short-term maturity. Short-term investments consist principally of short-term time deposits and index funds used to manage a portion of market risk arising from our deferred compensation liability. The fair value of our debt obligations as of December 28, 2013 and December 29, 2012 was $29.7 billion and $30.5 billion, respectively, based upon prices of similar instruments in the marketplace.

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



	Fair Value/Non- designated Hedges						Cash Flow Hedges
	Losses/(Gains) Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	2013			2012			2013			2012			2013		2012
Foreign exchange	$	(9	)	$	(23	)	$	(24	)	$	41		$	—	$	8
Interest rate	99			17			(13		)	(2		)	3		19
Commodity	126			(23		)	57			11			42		63
Total	$	216		$	(29	)	$	20		$	50		$	45	$	90

(a)

Foreign exchange derivative gains/losses are primarily included in selling, general and administrative expenses. Interest rate derivative losses are primarily from fair value hedges and are included in interest expense. These losses are substantially offset by decreases in the value of the underlying debt, which are also included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.


(b)	Foreign exchange derivative gains/losses are primarily included in cost of sales. Interest rate derivative losses are included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Net Income Attributable to PepsiCo per Common Share

12 Months Ended

Dec. 28, 2013

Earnings Per Share [Abstract]

Net Income Attributable To PepsiCo Per Common Share

Net Income Attributable to PepsiCo per Common Share

Basic net income attributable to PepsiCo per common share is net income available for PepsiCo common shareholders divided by the weighted average of common shares outstanding during the period. Diluted net income attributable to PepsiCo per common share is calculated using the weighted average of common shares outstanding adjusted to include the effect that would occur if in-the-money employee stock options were exercised and RSUs and preferred shares were converted into common shares. Options to purchase 0.6 million shares in 2013, 9.6 million shares in 2012 and 25.9 million shares in 2011 were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $75.69 in 2013, $67.64 in 2012 and $66.99 in 2011.

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



	2013				2012				2011
	Income			Shares^(a)	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	6,740			$	6,178			$	6,443
Preferred shares:
Dividends	(1		)		(1		)		(1		)
Redemption premium	(7		)		(6		)		(6		)
Net income available for PepsiCo common shareholders	$	6,732		1,541	$	6,171		1,557	$	6,436		1,576
Basic net income attributable to PepsiCo per common share	$	4.37			$	3.96			$	4.08
Net income available for PepsiCo common shareholders	$	6,732		1,541	$	6,171		1,557	$	6,436		1,576
Dilutive securities:
Stock options, RSUs, and PEPUnits	—			18	—			17	—			20
ESOP convertible preferred stock	8			1	7			1	7			1
Diluted	$	6,740		1,560	$	6,178		1,575	$	6,443		1,597
Diluted net income attributable to PepsiCo per common share	$	4.32			$	3.92			$	4.03


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

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

The entire disclosure for earnings per share.

+ References+ Details

Preferred Stock

12 Months Ended

Dec. 28, 2013

Equity [Abstract]

Preferred Stock

As of December 28, 2013 and December 29, 2012, there were 3 million shares of convertible preferred stock authorized. The preferred stock was issued for an ESOP established by Quaker and these shares are redeemable for common stock by the ESOP participants. The preferred stock accrues dividends at an annual rate of $5.46 per share. As of December 28, 2013 and December 29, 2012, there were 803,953 preferred shares issued and 167,053 and 186,553 shares outstanding, respectively. The outstanding preferred shares had a fair value of $69 million as of December 28, 2013 and $63 million as of December 29, 2012. Each share is convertible at the option of the holder into 4.9625 shares of common stock. The preferred shares may be called by us upon written notice at $78 per share plus accrued and unpaid dividends. Quaker made the final award to its ESOP plan in June 2001.

The following summarizes our preferred stock activity:



	2013			2012			2011
	Shares^(a)	Amount		Shares^(a)	Amount		Shares^(a)	Amount
Preferred stock	0.8	$	41	0.8	$	41	0.8	$	41
Repurchased preferred stock
Balance, beginning of year	0.6	$	164	0.6	$	157	0.6	$	150
Redemptions	—	7		—	7		—	7
Balance, end of year	0.6	$	171	0.6	$	164	0.6	$	157


(a)	In millions.

Accumulated Other Comprehensive Loss Attributable to Pepsico

12 Months Ended

Dec. 28, 2013

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Loss Attributable to PepsiCo

Comprehensive income is a measure of income which includes both net income and other comprehensive income or loss. Other comprehensive income or loss results from items deferred from recognition into our income statement. Accumulated other comprehensive income or loss is separately presented on our balance sheet as part of common shareholders’ equity. Other comprehensive income/(loss) attributable to PepsiCo was $360 million in 2013, $742 million in 2012 and $(2,599) million in 2011. The accumulated balances for each component of other comprehensive loss attributable to PepsiCo are as follows:



	2013			2012			2011
Currency translation adjustment	$	(3,247	)	$	(1,946	)	$	(2,688	)
Cash flow hedges, net of tax	(76		)	(94		)	(112		)
Unamortized pension and retiree medical, net of tax ^(a)	(1,861		)	(3,491		)	(3,419		)
Unrealized gain on securities, net of tax	109			80			62
Other	(52		)	(36		)	(72		)
Accumulated other comprehensive loss attributable to PepsiCo	$	(5,127	)	$	(5,487	)	$	(6,229	)


(a)	Net of taxes of $945 million in 2013, $1,832 million in 2012 and $1,831 million in 2011.

The following table summarizes the reclassifications from Accumulated Other Comprehensive Loss to the Consolidated Statement of Income for the year ended December 28, 2013:



	2013
	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Consolidated Statement of Income

Losses/(gains) on cash flow hedges:
Interest rate derivatives	$	3		Interest expense
Commodity contracts	44			Cost of sales
Commodity contracts	(2		)	Selling, general and administrative expenses
Net losses before tax	45
Tax amounts	(17		)
Net losses after tax	$	28

Amortization of pension and retiree medical items:
Net prior service credit ^(a)	$	(2	)
Net actuarial losses^(a)	355
Net losses before tax	353
Tax amounts	(123		)
Net losses after tax	230
Total net losses reclassified for the period, net of tax	$	258


(a)	These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).

Accumulated Other Comprehensive Loss Attributable To Pepsico

The following table summarizes the reclassifications from Accumulated Other Comprehensive Loss to the Consolidated Statement of Income for the year ended December 28, 2013:



	2013
	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Consolidated Statement of Income

Losses/(gains) on cash flow hedges:
Interest rate derivatives	$	3		Interest expense
Commodity contracts	44			Cost of sales
Commodity contracts	(2		)	Selling, general and administrative expenses
Net losses before tax	45
Tax amounts	(17		)
Net losses after tax	$	28

Amortization of pension and retiree medical items:
Net prior service credit ^(a)	$	(2	)
Net actuarial losses^(a)	355
Net losses before tax	353
Tax amounts	(123		)
Net losses after tax	230
Total net losses reclassified for the period, net of tax	$	258


(a)	These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).

Supplemental Financial Information [Abstract]

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

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-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Supplemental Financial Information

12 Months Ended

Dec. 28, 2013

Additional Financial Information Disclosure [Text Block]

Supplemental Financial Information

Supplemental information for accounts and notes receivable and inventories is summarized as follows:



	2013			2012			2011
Accounts and notes receivable
Trade receivables	$	6,178		$	6,215
Other receivables	921			983
	7,099			7,198
Allowance, beginning of year	157			157			$	144
Net amounts charged to expense	29			28			30
Deductions ^(a)	(34		)	(27		)	(41		)
Other ^(b)	(7		)	(1		)	24
Allowance, end of year	145			157			$	157
Net receivables	$	6,954		$	7,041

Inventories ^(c)
Raw materials	$	1,732		$	1,875
Work-in-process	168			173
Finished goods	1,509			1,533
	$	3,409		$	3,581


(a)	Includes accounts written off.


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


(c)	Approximately 3%, in both 2013 and 2012, of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Supplemental information for other assets, accounts payable and other current liabilities is summarized as follows:



	2013		2012
Other assets
Noncurrent notes and accounts receivable	$	105	$	136
Deferred marketplace spending	214		195
Pension plans ^(a)	687		62
Other investments	782		718
Other	419		542
	$	2,207	$	1,653
Accounts payable and other current liabilities
Accounts payable	$	4,874	$	4,451
Accrued marketplace spending	2,245		2,187
Accrued compensation and benefits	1,789		1,705
Dividends payable	877		838
Other current liabilities	2,748		2,722
	$	12,533	$	11,903


(a)	See Note 7 for additional information regarding our pension plans.

The following table summarizes other supplemental information:



	2013		2012		2011
Other supplemental information
Rent expense	$	639	$	581	$	589
Interest paid	$	1,007	$	1,074	$	1,039
Income taxes paid, net of refunds	$	3,076	$	1,840	$	2,218

Supplemental Financial Information

Supplemental information for accounts and notes receivable and inventories is summarized as follows:



	2013			2012			2011
Accounts and notes receivable
Trade receivables	$	6,178		$	6,215
Other receivables	921			983
	7,099			7,198
Allowance, beginning of year	157			157			$	144
Net amounts charged to expense	29			28			30
Deductions ^(a)	(34		)	(27		)	(41		)
Other ^(b)	(7		)	(1		)	24
Allowance, end of year	145			157			$	157
Net receivables	$	6,954		$	7,041

Inventories ^(c)
Raw materials	$	1,732		$	1,875
Work-in-process	168			173
Finished goods	1,509			1,533
	$	3,409		$	3,581


(a)	Includes accounts written off.


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


(c)	Approximately 3%, in both 2013 and 2012, of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Supplemental information for other assets, accounts payable and other current liabilities is summarized as follows:



	2013		2012
Other assets
Noncurrent notes and accounts receivable	$	105	$	136
Deferred marketplace spending	214		195
Pension plans ^(a)	687		62
Other investments	782		718
Other	419		542
	$	2,207	$	1,653
Accounts payable and other current liabilities
Accounts payable	$	4,874	$	4,451
Accrued marketplace spending	2,245		2,187
Accrued compensation and benefits	1,789		1,705
Dividends payable	877		838
Other current liabilities	2,748		2,722
	$	12,533	$	11,903


(a)	See Note 7 for additional information regarding our pension plans.

The following table summarizes other supplemental information:



	2013		2012		2011
Other supplemental information
Rent expense	$	639	$	581	$	589
Interest paid	$	1,007	$	1,074	$	1,039
Income taxes paid, net of refunds	$	3,076	$	1,840	$	2,218

Schedule Of Other Supplemental Information

The following table summarizes other supplemental information:



	2013		2012		2011
Other supplemental information
Rent expense	$	639	$	581	$	589
Interest paid	$	1,007	$	1,074	$	1,039
Income taxes paid, net of refunds	$	3,076	$	1,840	$	2,218

Acquisitions	12 Months Ended
Acquisitions	Dec. 28, 2013
Business Combinations [Abstract]
Acquisitions	Acquisitions and Divestitures WBD On February 3, 2011, we acquired the ordinary shares, including shares underlying American Depositary Shares (ADSs) and Global Depositary Shares (GDS), of WBD, a company incorporated in the Russian Federation, which represented in the aggregate approximately 66% of WBD’s outstanding ordinary shares, pursuant to the purchase agreement dated December 1, 2010 between PepsiCo and certain selling shareholders of WBD for approximately $3.8 billion in cash (or $2.4 billion, net of cash and cash equivalents acquired). 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 were 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 were completed in the first quarter of 2012 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 ADSs depositary) received 3,883.70 Russian rubles per ordinary share. After completion of the squeeze-out in September 2011, 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 $150 million ($176 million after-tax or $0.11 per share), primarily consisting of employee-related charges, in our 2012 results. This charge is reflected in items affecting comparability. See additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Suntory Holdings Limited During our second quarter of 2013, as part of the refranchising of our beverage business in Vietnam, we completed a transaction with Suntory Holdings Limited. Under the terms of the agreement, we sold a controlling interest in our Vietnam bottling operations. The new alliance serves as the franchise bottler for both companies. As a result of this transaction, we recorded a pre- and after-tax gain of $137 million (or $0.09 per share) in our 2013 results.

Our Significant Accounting Policies (Policy)

12 Months Ended

Dec. 28, 2013

Accounting Policies [Abstract]

Other Significant Accounting Policies [Policy Text Block]

Other Significant Accounting Policies

Our other significant accounting policies are disclosed as follows:


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


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


•	Stock-Based Compensation – Note 6.


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


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


•	Inventories – Note 14. Inventories are valued at the lower of cost or market. Cost is determined using the average; first-in, first-out (FIFO) or last-in, first-out (LIFO) methods.

•

Revenue Recognition

Sales Incentives And Other Marketplace Spending

Total Marketplace Spending


•	media and personal service prepayments;


•	promotional materials in inventory; and


•	production costs of future media advertising.

Deferred advertising costs of $68 million and $88 million as of December 28, 2013 and December 29, 2012, respectively, are classified as prepaid expenses on our balance sheet.

Distribution Costs

Cash Equivalents

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

Software Costs

Commitments And Contingencies

Commitments and Contingencies

Research And Development

Research and Development

Recent Accounting Pronouncements

Basis of Presentation and Our Divisions (Tables)

12 Months Ended

Dec. 28, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule Of Quarterly Reporting

The following chart details our quarterly reporting schedule for all reporting periods presented except for 2011 as noted above:



Quarter	U.S. and Canada	International
First Quarter	12 weeks	January, February
Second Quarter	12 weeks	March, April and May
Third Quarter	12 weeks	June, July and August
Fourth Quarter	16 weeks	September, October, November and December

Schedule of Segment Reporting Information, by Segment

Net revenue and operating profit of each division are as follows:



	Net Revenue						Operating Profit ^(a)
	2013		2012		2011		2013			2012			2011
FLNA	$	14,126	$	13,574	$	13,322	$	3,877		$	3,646		$	3,621
QFNA	2,612		2,636		2,656		617			695			797
LAF	8,350		7,780		7,156		1,242			1,059			1,078
PAB	21,068		21,408		22,418		2,955			2,937			3,273
Europe	13,752		13,441		13,560		1,293			1,330			1,210
AMEA	6,507		6,653		7,392		1,174			747			887
Total division	66,415		65,492		66,504		11,158			10,414			10,866
Corporate Unallocated
Mark-to-market net (losses)/gains							(72		)	65			(102		)
Merger and integration charges							—			—			(78		)
Restructuring and impairment charges							(11		)	(10		)	(74		)
Venezuela currency devaluation							(124		)	—			—
Pension lump sum settlement charge							—			(195		)	—
53^rd week							—			—			(18		)
Other							(1,246		)	(1,162		)	(961		)
	$	66,415	$	65,492	$	66,504	$	9,705		$	9,112		$	9,633


(a)	For information on the impact of restructuring, impairment and integration charges on our divisions, see Note 3 to our consolidated financial statements. See also Note 15 to our consolidated financial statements for more information on our transaction with Tingyi and refranchising of our beverage business in Vietnam in our AMEA segment.

Segment Reporting Information By Total Assets And Capital Spending

Total assets and capital spending of each division are as follows:



	Total Assets						Capital Spending
	2013		2012		2011		2013		2012		2011
FLNA	$	5,308	$	5,332	$	5,384	$	423	$	365	$	439
QFNA	983		966		1,024		38		37		43
LAF	4,829		4,993		4,721		384		436		413
PAB	30,350		30,899		31,142		716		702		1,006
Europe	18,702		19,218		18,461		550		575		588
AMEA	5,754		5,738		6,038		531		510		693
Total division	65,926		67,146		66,770		2,642		2,625		3,182
Corporate^(a)	11,552		7,492		6,112		153		89		157
	$	77,478	$	74,638	$	72,882	$	2,795	$	2,714	$	3,339


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

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

Amortization of intangible assets and depreciation and other amortization of each division are as follows:



	Amortization of Intangible Assets						Depreciation and Other Amortization
	2013		2012		2011		2013		2012		2011
FLNA	$	7	$	7	$	7	$	430	$	445	$	458
QFNA	—		—		—		51		53		54
LAF	8		10		10		253		248		238
PAB	58		59		65		863		855		865
Europe	32		36		39		525		522		522
AMEA	5		7		12		283		305		350
Total division	110		119		133		2,405		2,428		2,487
Corporate	—		—		—		148		142		117
	$	110	$	119	$	133	$	2,553	$	2,570	$	2,604

Segment Reporting Information By Net Revenue And Long-Lived Assets

Net revenue and long-lived assets by country are as follows:



	Net Revenue						Long-Lived Assets^(a)
	2013		2012		2011		2013		2012		2011
U.S.	$	33,626	$	33,348	$	33,053	$	28,504	$	28,344	$	28,999
Russia	4,908		4,861		4,749		7,890		8,603		8,121
Mexico	4,347		3,955		4,782		1,226		1,237		1,027
Canada	3,195		3,290		3,364		3,067		3,294		3,097
United Kingdom	2,115		2,102		2,075		1,078		1,053		1,011
Brazil	1,835		1,866		1,838		1,006		1,134		1,124
All other countries	16,389		16,070		16,643		10,297		10,600		11,041
	$	66,415	$	65,492	$	66,504	$	53,068	$	54,265	$	54,420

Restructuring Cost and Reserve [Line Items]

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

+ References+ Details

Restructuring, Impairment and Integration Charges (Tables)

12 Months Ended

Dec. 28, 2013

Summary Of 2014 Productivity Plan Activity [Table Text Block] [Table Text Block]

A summary of our 2014 Productivity Plan charges in 2013 is as follows:



	Severance and Other Employee Costs		Other Costs		Total
FLNA	$	11	$	—	$	11
QFNA	3		—		3
LAF	5		—		5
PAB	10		—		10
Europe	10		—		10
AMEA	1		—		1
Corporate	12		1		13
	$	52	$	1	$	53

A summary of our 2014 Productivity Plan activity is as follows:



	Severance and Other Employee Costs			Other Costs		Total
2013 restructuring charges	$	52		$	1	$	53
Non-cash charges	(22		)	—		(22		)
Liability as of December 28, 2013	$	30		$	1	$	31

Summary Of Productivity Plan Activity

A summary of our 2012 Productivity Plan charges is as follows:



	2013										2012									2011
	Severance and Other Employee Costs		Asset Impairments		Other Costs			Total			Severance and Other Employee Costs			Asset Impairments		Other Costs		Total		Severance and Other Employee Costs		Other Costs		Total
FLNA	$	4	$	—	$	4		$	8		$	14		$	8	$	16	$	38	$	74	$	2	$	76
QFNA	—		—		1			1			—			—		9		9		18		—		18
LAF	5		2		—			7			15			8		27		50		46		2		48
PAB	8		—		13			21			34			43		25		102		75		6		81
Europe	36		2		12			50			14			16		12		42		65		12		77
AMEA	21		2		2			25			18			—		10		28		9		—		9
Corporate ^(a)	—		—		(2		)	(2		)	(6		)	—		16		10		40		34		74
	$	74	$	6	$	30		$	110		$	89		$	75	$	115	$	279	$	327	$	56	$	383

(a) Income amounts represent adjustments of previously recorded amounts.

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



	Severance and Other Employee Costs			Asset Impairments			Other Costs			Total
2011 restructuring charges	$	327		$	—		$	56		$	383
Cash payments	(1		)	—			(29		)	(30		)
Non-cash charges	(77		)	—			—			(77		)
Liability as of December 31, 2011	249			—			27			276
2012 restructuring charges	89			75			115			279
Cash payments	(239		)	—			(104		)	(343		)
Non-cash charges	(8		)	(75		)	(2		)	(85		)
Liability as of December 29, 2012	91			—			36			127
2013 restructuring charges	74			6			30			110
Cash payments	(89		)	—			(44		)	(133		)
Non-cash charges	(8		)	(6		)	(5		)	(19		)
Liability as of December 28, 2013	$	68		$	—		$	17		$	85

Schedule Of Merger And Integration Activity

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



	Severance and Other Employee Costs			Asset Impairments			Other Costs			Total
Liability as of December 25, 2010	$	179		$	—		$	25		$	204
2011 merger and integration charges	146			34			149			329
Cash payments	(191		)	—			(186		)	(377		)
Non-cash charges	(36		)	(34		)	19			(51		)
Liability as of December 31, 2011	98			—			7			105
2012 merger and integration charges ^(a)	(3		)	1			18			16
Cash payments	(65		)	—			(18		)	(83		)
Non-cash charges	(12		)	(1		)	(1		)	(14		)
Liability as of December 29, 2012	18			—			6			24
2013 merger and integration charges ^(a)	(2		)	7			5			10
Cash payments	(14		)	—			(11		)	(25		)
Non-cash charges	(2		)	(7		)	4			(5		)
Liability as of December 28, 2013	$	—		$	—		$	4		$	4

(a) Income amounts represent adjustments of previously recorded amounts.

Property, Plant and Equipment and Intangible Assets (Tables)

12 Months Ended

Dec. 28, 2013

Property, Plant And Equipment And Intangible Assets [Abstract]

Property, Plant and Equipment



	Average Useful Life (Years)	2013			2012			2011
Property, plant and equipment, net
Land and improvements	10 – 34	$	1,883		$	1,890
Buildings and improvements	15 – 44	7,832			7,792
Machinery and equipment, including fleet and software	5 – 15	25,415			24,743
Construction in progress		1,831			1,737
		36,961			36,162
Accumulated depreciation		(18,386		)	(17,026		)
		$	18,575		$	19,136
Depreciation expense		$	2,472		$	2,489		$	2,476

Amortizable Intangible Assets, Net

A summary of our amortizable intangible assets, net is as follows:



		2013							2012							2011
Amortizable intangible assets, net	Average Useful Life (Years)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Acquired franchise rights	56 – 60	$	910	$	(83	)	$	827	$	931	$	(67	)	$	864
Reacquired franchise rights	1 – 14	108		(86		)	22		110		(68		)	42
Brands	5 – 40	1,400		(996		)	404		1,422		(980		)	442
Other identifiable intangibles	10 – 24	686		(301		)	385		736		(303		)	433
		$	3,104	$	(1,466	)	$	1,638	$	3,199	$	(1,418	)	$	1,781
Amortization expense							$	110						$	119	$	133

Future Amortization of Intangible Assets



	2014		2015		2016		2017		2018
Five-year projected amortization	$	94	$	85	$	76	$	71	$	70

Change in Book Value of Nonamortizable Intangible Assets

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



	Balance, Beginning 2012		Acquisitions/(Divestitures)			Translation and Other			Balance, End of 2012		Acquisitions/ (Divestitures)			Translation and Other			Balance, End of 2013
FLNA
Goodwill	$	311	$	—		$	5		$	316	$	—		$	(11	)	$	305
Brands	30		—			1			31		—			(2		)	29
	341		—			6			347		—			(13		)	334
QFNA
Goodwill	175		—			—			175		—			—			175

LAF
Goodwill	793		(61		)	(16		)	716		—			(56		)	660
Brands	157		75			(9		)	223		—			(17		)	206
	950		14			(25		)	939		—			(73		)	866
PAB
Goodwill	9,932		23			33			9,988		5			(50		)	9,943
Reacquired franchise rights	7,342		(33		)	28			7,337		16			(72		)	7,281
Acquired franchise rights	1,562		9			2			1,573		(8		)	(14		)	1,551
Brands	168		—			(15		)	153		—			(7		)	146
	19,004		(1		)	48			19,051		13			(143		)	18,921
Europe
Goodwill	4,900		78			236			5,214		—			(187		)	5,027
Reacquired franchise rights	732		—			40			772		—			(12		)	760
Acquired franchise rights	218		—			5			223		—			7			230
Brands	4,178		(96		)	202			4,284		—			(213		)	4,071
	10,028		(18		)	483			10,493		—			(405		)	10,088
AMEA
Goodwill	689		(142		)	15			562		(4		)	(55		)	503
Brands	170		(24		)	2			148		—			(21		)	127
	859		(166		)	17			710		(4		)	(76		)	630

Total goodwill	16,800		(102		)	273			16,971		1			(359		)	16,613
Total reacquired franchise rights	8,074		(33		)	68			8,109		16			(84		)	8,041
Total acquired franchise rights	1,780		9			7			1,796		(8		)	(7		)	1,781
Total brands	4,703		(45		)	181			4,839		—			(260		)	4,579
	$	31,357	$	(171	)	$	529		$	31,715	$	9		$	(710	)	$	31,014

Income Taxes (Tables)

12 Months Ended

Dec. 28, 2013

Income Tax Contingency [Line Items]

Summary of Income Tax Contingencies [Table Text Block]

Our major taxing jurisdictions and the related open tax audits are as follows:



Jurisdiction	Years Open to Audit	Years Currently Under Audit
United States	2010-2012	2010-2011
Mexico	2008-2012	None
United Kingdom	2012	None
Canada (Domestic)	2009-2012	2009-2010
Canada (International)	2008-2012	2008-2010
Russia	2009-2012	2009-2012

Income Taxes

The components of income before income taxes are as follows:



		2013			2012			2011
U.S.		$	3,078		$	3,234		$	3,964
Foreign		5,813			5,070			4,870
		$	8,891		$	8,304		$	8,834

The provision for income taxes consisted of the following:

		2013			2012			2011
Current:	U.S. Federal	$	1,092		$	911		$	611
	Foreign	807			940			882
	State	124			153			124
		2,023			2,004			1,617
Deferred:	U.S. Federal	87			154			789
	Foreign	11			(95		)	(88		)
	State	(17		)	27			54
		81			86			755
		$	2,104		$	2,090		$	2,372

A reconciliation of the U.S. Federal statutory tax rate to our annual tax rate is as follows:

		2013			2012			2011
U.S. Federal statutory tax rate		35.0		%	35.0		%	35.0		%
State income tax, net of U.S. Federal tax benefit		1.2			1.4			1.3
Lower taxes on foreign results		(8.8		)	(6.9		)	(8.7		)
Tax benefits		(2.4		)	(2.6		)	—
Other, net		(1.3		)	(1.7		)	(0.8		)
Annual tax rate		23.7		%	25.2		%	26.8		%

Deferred tax liabilities and assets are comprised of the following:



Deferred tax liabilities	2013			2012
Pension benefits	$	84		$	—
Debt guarantee of wholly owned subsidiary	828			828
Property, plant and equipment	2,327			2,424
Intangible assets other than nondeductible goodwill	4,348			4,388
Other	361			308
Gross deferred tax liabilities	7,948			7,948
Deferred tax assets
Net carryforwards	1,485			1,378
Stock-based compensation	303			378
Retiree medical benefits	384			411
Other employee-related benefits	627			672
Pension benefits	—			647
Deductible state tax and interest benefits	155			345
Long-term debt obligations acquired	125			164
Other	959			863
Gross deferred tax assets	4,038			4,858
Valuation allowances	(1,360		)	(1,233		)
Deferred tax assets, net	2,678			3,625
Net deferred tax liabilities	$	5,270		$	4,323

Deferred taxes are included within the following balance sheet accounts:



	2013		2012
Assets:
Prepaid expenses and other current assets	$	716	$	740
Liabilities:
Deferred income taxes	$	5,986	$	5,063

A summary of our valuation allowance activity is as follows:



	2013		2012			2011
Balance, beginning of year	$	1,233	$	1,264		$	875
Provision	111		68			464
Other additions/(deductions)	16		(99		)	(75		)
Balance, end of year	$	1,360	$	1,233		$	1,264

Reserves Rollforward

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



	2013			2012
Balance, beginning of year	$	2,425		$	2,167
Additions for tax positions related to the current year	238			275
Additions for tax positions from prior years	273			161
Reductions for tax positions from prior years	(327		)	(172		)
Settlement payments	(1,306		)	(17		)
Statutes of limitations expiration	(30		)	(3		)
Translation and other	(5		)	14
Balance, end of year	$	1,268		$	2,425

Summary of Compensation Costs

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 28, 2013

Share-based Compensation [Abstract]

The following table summarizes our total stock-based compensation expense:



	2013		2012			2011
Stock-based compensation expense	$	303	$	278		$	326
Merger and integration charges	—		2			13
Restructuring and impairment (benefits)/charges	—		(7		)	4
Total	$	303	$	273		$	343
Income tax benefits recognized in earnings related to stock-based compensation	$	76	$	73		$	101

Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions

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



	2013		2012		2011
Expected life	6 years		6 years		6 years
Risk-free interest rate	1.1	%	1.3	%	2.5	%
Expected volatility	17	%	17	%	16	%
Expected dividend yield	2.7	%	3.0	%	2.9	%

Stock Option Activity

A summary of our stock-based compensation activity for the year ended December 28, 2013 is as follows:



Our Stock Option Activity	Options^(a)		Average Price^(b)		Average Life (years)^(c)	Aggregate Intrinsic Value^(d)
Outstanding at December 29, 2012	68,145		$	59.15
Granted	2,868		$	76.39
Exercised	(20,275	)	$	55.31
Forfeited/expired	(1,276	)	$	64.65
Outstanding at December 28, 2013	49,462		$	61.58	4.86	$	1,045,116
Exercisable at December 28, 2013	37,858		$	59.64	4.55	$	873,257
Expected to vest as of December 28, 2013	11,159		$	67.52	7.85	$	169,498


(a)	Options are in thousands and include options previously granted under PBG and PAS plans. No additional options or shares were granted under the PBG and PAS plans after 2009.


(b)	Weighted-average exercise price.


(c)	Weighted-average contractual life remaining.


(d)	In thousands.

Restricted Stock Units Activity



Our RSU Activity	RSUs^(a)		Average Intrinsic Value^(b)		Average Life (years)^(c)	Aggregate Intrinsic Value^(d)
Outstanding at December 29, 2012	11,982		$	65.60
Granted	4,231		$	76.30
Converted	(3,457	)	$	66.38
Forfeited	(817	)	$	67.46
Outstanding at December 28, 2013	11,939		$	69.04	1.37	$	987,473
Expected to vest as of December 28, 2013	11,346		$	68.45	1.21	$	938,435


(a)	RSUs are in thousands and include RSUs previously granted under the PBG plan. No additional RSUs or shares were granted under the PBG plan after 2009.


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


(c)	Weighted-average contractual life remaining.


(d)	In thousands.

Our PEPUnit Activity



Our PEPUnit Activity	PEPUnits^(a)		Average Intrinsic Value^(b)		Average Life (years)^(c)	Aggregate Intrinsic Value^(d)
Outstanding at December 29, 2012	368		$	64.89
Granted	355		$	68.48
Converted	(48	)	$	66.78
Forfeited	—		$	—
Outstanding at December 28, 2013	675		$	66.65	1.70	$	55,809
Expected to vest as of December 28, 2013	608		$	66.55	1.69	$	50,284


(a)	PEPUnits are in thousands.


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


(c)	Weighted-average contractual life remaining.


(d)	In thousands.

Other Stock-Based Compensation Data



	2013		2012		2011
Stock Options
Total number of options granted^(a)	2,868		3,696		7,150
Weighted-average fair value of options granted	$	8.14	$	6.86	$	7.79
Total intrinsic value of options exercised^(a)	$	471,475	$	512,636	$	385,678
RSUs
Total number of RSUs granted^(a)	4,231		4,404		5,333
Weighted-average intrinsic value of RSUs granted	$	76.30	$	66.64	$	63.87
Total intrinsic value of RSUs converted^(a)	$	294,065	$	236,575	$	173,433
PEPUnits
Total number of PEPUnits granted^(a)	355		410
Weighted-average intrinsic value of PEPUnits granted	$	68.48	$	64.85
Total intrinsic value of PEPUnits converted^(a)	$	3,868	—


(a)	In thousands.

Pension, Retiree Medical and Savings Plans (Tables)

12 Months Ended

Dec. 28, 2013

Schedule Of Plan Assets Measured At Fair Value Table Text Block

Plan assets measured at fair value as of fiscal year-end 2013 and 2012 are categorized consistently by level in both years, and are as follows:



	2013								2012
	Total		Level 1		Level 2		Level 3		Total
U.S. plan assets*
Equity securities:
U.S. common stock^(a)	$	732	$	732	$	—	$	—	$	626
U.S. commingled funds^{(b) (c)}	3,334		—		3,334		—		3,106
International common stock^(a)	1,669		1,669		—		—		1,597
International commingled fund^(d)	902		—		902		—		948
Preferred stock^(e)	18		—		18		—		20
Fixed income securities:
Government securities^(e)	1,264		—		1,264		—		1,287
Corporate bonds^{(e) (f)}	2,958		—		2,958		—		2,962
Mortgage-backed securities^(e)	220		—		220		—		110
Other:
Contracts with insurance companies^(g)	6		—		—		6		27
Real estate commingled funds^(h)	552		—		—		552		331
Cash and cash equivalents	154		154		—		—		117
Sub-total U.S. plan assets	11,809		$	2,555	$	8,696	$	558	11,131
Dividends and interest receivable	59								51
Total U.S. plan assets	$	11,868							$	11,182
International plan assets
Equity securities:
U.S. common stock^(a)	$	4	$	4	$	—	$	—	$	—
U.S. commingled funds^(b)	334		—		334		—		278
International common stock^(a)	176		176		—		—		—
International commingled funds^(d)	914		—		914		—		863
Preferred stock^(e)	1		—		1		—		—
Fixed income securities:
Government securities^(e)	207		—		207		—		202
Corporate bonds^(e)	261		—		261		—		230
Fixed income commingled funds⁽ⁱ⁾	650		—		650		—		600
Other:
Contracts with insurance companies^(g)	34		—		—		34		35
Currency commingled fund^(j)	91		—		91		—		64
Real estate commingled fund^(h)	83		—		—		83		60
Cash and cash equivalents	15		15		—		—		125
Sub-total international plan assets	2,770		$	195	$	2,458	$	117	2,457
Dividends and interest receivable	7								6
Total international plan assets	$	2,777							$	2,463


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


(b)	Based on the fair value of the investments owned by these funds that track various U.S. large, mid-cap and small company indices.


(c)	Includes one large-cap fund that represents 25% of total U.S. plan assets for both 2013 and 2012.


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


(e)	Based on quoted bid prices for comparable securities in the marketplace and broker/dealer quotes in active markets.


(f)	Corporate bonds of U.S.-based companies represent 21% and 22%, respectively, of total U.S. plan assets for 2013 and 2012.


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


(h)	Based on the appraised value of the investments owned by these funds as determined by independent third parties using inputs that are not observable.


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


(j)	Based on the fair value of the investments owned by this fund that invests primarily in derivatives to hedge currency exposure.


*	2013 and 2012 amounts include $406 million and $365 million, respectively, of retiree medical plan assets that are restricted for purposes of providing health benefits for U.S. retirees and their beneficiaries.

Selected Financial Information For Pension And Retiree Medical Plans

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



	Pension												Retiree Medical
	U.S.						International
	2013			2012			2013			2012			2013			2012
Change in projected benefit liability
Liability at beginning of year	$	12,886		$	11,901		$	2,788		$	2,381		$	1,511		$	1,563
Service cost	467			407			111			100			45			50
Interest cost	527			534			118			115			54			65
Plan amendments	22			15			(1		)	—			—			—
Participant contributions	—			—			3			3			—			—
Experience (gain)/loss	(1,522		)	932			(65		)	200			(128		)	(63		)
Benefit payments	(533		)	(278		)	(91		)	(76		)	(97		)	(111		)
Settlement/curtailment	(44		)	(633		)	(3		)	(40		)	—			—
Special termination benefits	22			8			—			1			2			5
Foreign currency adjustment	—			—			(2		)	102			(3		)	2
Other	—			—			1			2			—			—
Liability at end of year	$	11,825		$	12,886		$	2,859		$	2,788		$	1,384		$	1,511

Change in fair value of plan assets
Fair value at beginning of year	$	10,817		$	9,072		$	2,463		$	2,031		$	365		$	190
Actual return on plan assets	1,159			1,282			265			206			76			35
Employer contributions/funding	63			1,368			137			246			62			251
Participant contributions	—			—			3			3			—			—
Benefit payments	(533		)	(278		)	(91		)	(76		)	(97		)	(111		)
Settlement	(44		)	(627		)	(8		)	(33		)	—			—
Foreign currency adjustment	—			—			8			86			—			—
Fair value at end of year	$	11,462		$	10,817		$	2,777		$	2,463		$	406		$	365
Funded status	$	(363	)	$	(2,069	)	$	(82	)	$	(325	)	$	(978	)	$	(1,146	)



	Pension												Retiree Medical
	U.S.						International
	2013			2012			2013			2012			2013			2012
Amounts recognized
Other assets	$	603		$	—		$	74		$	51		$	—		$	—
Other current liabilities	(41		)	(51		)	(1		)	(2		)	(72		)	(71		)
Other liabilities	(925		)	(2,018		)	(155		)	(374		)	(906		)	(1,075		)
Net amount recognized	$	(363	)	$	(2,069	)	$	(82	)	$	(325	)	$	(978	)	$	(1,146	)

Amounts included in accumulated other comprehensive loss (pre-tax)
Net loss/(gain)	$	2,069		$	4,212		$	849		$	1,096		$	(222	)	$	(44	)
Prior service cost/(credit)	125			121			(6		)	(3		)	(69		)	(92		)
Total	$	2,194		$	4,333		$	843		$	1,093		$	(291	)	$	(136	)

Components of the (decrease)/increase in net loss/(gain) included in accumulated other comprehensive loss
Change in discount rate	$	(1,532	)	$	776		$	(166	)	$	188		$	(117	)	$	84
Employee-related assumption changes	24			135			91			(2		)	2			(67		)
Liability-related experience different from assumptions	(14		)	66			10			14			(13		)	(80		)
Actual asset return different from expected return	(336		)	(486		)	(108		)	(60		)	(49		)	(13		)
Amortization and settlement of losses	(285		)	(451		)	(68		)	(64		)	(1		)	—
Other, including foreign currency adjustments	—			(45		)	(6		)	43			—			—
Total	$	(2,143	)	$	(5	)	$	(247	)	$	119		$	(178	)	$	(76	)

Liability at end of year for service to date	$	10,803		$	11,643		$	2,369		$	2,323

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

The estimated amounts to be amortized from accumulated other comprehensive loss into expense in 2014 for our pension and retiree medical plans are as follows:



	Pension				Retiree Medical
	U.S.		International
Net loss/(gain)	$	175	$	53	$	(6	)
Prior service cost/(credit)	21		—		(22		)
Total	$	196	$	53	$	(28	)

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

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



	Pension												Retiree Medical
	U.S.						International
	2013		2012		2011		2013		2012		2011		2013		2012		2011
Weighted-average assumptions
Liability discount rate	5.0	%	4.2	%	4.6	%	4.7	%	4.4	%	4.8	%	4.6	%	3.7	%	4.4	%
Expense discount rate	4.2	%	4.6	%	5.7	%	4.4	%	4.8	%	5.5	%	3.7	%	4.4	%	5.2	%
Expected return on plan assets	7.8	%	7.8	%	7.8	%	6.6	%	6.7	%	6.7	%	7.8	%	7.8	%	7.8	%
Liability rate of salary increases	3.7	%	3.7	%	3.7	%	3.9	%	3.9	%	4.1	%
Expense rate of salary increases	3.7	%	3.7	%	4.1	%	3.9	%	4.1	%	4.1	%

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

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



	Pension												Retiree Medical
	U.S.						International
	2013			2012			2013			2012			2013			2012
Selected information for plans with liability for service to date in excess of plan assets
Liability for service to date	$	(577	)	$	(11,643	)	$	(310	)	$	(711	)
Fair value of plan assets	$	2		$	10,817		$	259		$	552
Selected information for plans with projected benefit liability in excess of plan assets
Benefit liability	$	(6,555	)	$	(12,886	)	$	(2,291	)	$	(2,542	)	$	(1,384	)	$	(1,511	)
Fair value of plan assets	$	5,589		$	10,817		$	2,135		$	2,166		$	406		$	365

Future Benefit Payments

Our estimated future benefit payments are as follows:



	2014		2015		2016		2017		2018		2019-23
Pension	$	565	$	595	$	640	$	695	$	750	$	4,655
Retiree medical^(a)	$	130	$	130	$	130	$	135	$	135	$	655


(a)	Expected future benefit payments for our retiree medical plans do not reflect any estimated subsidies expected to be received under the 2003 Medicare Act. Subsidies are expected to be approximately $15 million for each of the years from 2014 through 2018 and approximately $85 million in total for 2019 through 2023.

Target Investment Allocation

Our target investment allocations are as follows:



	2014		2013
Fixed income	40	%	40	%
U.S. equity	33	%	33	%
International equity	22	%	22	%
Real estate	5	%	5	%

Reconciliation of the Beginning and Ending Balances of Level 3 Plan Assets

The changes in Level 3 plan assets are as follows:



	Balance, Beginning 2012		Return on Assets Held at Year End		Purchases and Sales, Net			Balance, End of 2012		Return on Assets Held at Year End			Purchases and Sales, Net			Balance, End of 2013
Real estate commingled funds	$	56	$	16	$	319		$	391	$	56		$	188		$	635
Contracts with insurance companies	54		9		(1		)	62		(1		)	(21		)	40
Total	$	110	$	25	$	318		$	453	$	55		$	167		$	675

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

A 1-percentage-point change in the assumed health care trend rate would have the following effects:



	1% Increase		1% Decrease
2013 service and interest cost components	$	4	$	(3	)
2013 benefit liability	$	39	$	(34	)

Schedule of Net Benefit Costs [Table Text Block]

The components of benefit expense are as follows:



	Pension																		Retiree Medical
	U.S.									International
	2013			2012			2011			2013			2012			2011			2013			2012			2011
Components of benefit expense
Service cost	$	467		$	407		$	350		$	111		$	100		$	95		$	45		$	50		$	51
Interest cost	527			534			547			118			115			117			54			65			88
Expected return on plan assets	(823		)	(796		)	(704		)	(157		)	(146		)	(136		)	(27		)	(22		)	(14		)
Amortization of prior service cost/(credit)	18			17			14			1			1			2			(23		)	(26		)	(28		)
Amortization of net loss	289			259			145			66			53			40			1			—			12
	478			421			352			139			123			118			50			67			109
Settlement/curtailment (gain)/loss^(a)	(4		)	185			(8		)	7			4			30			—			—			—
Special termination benefits	22			8			71			—			1			1			2			5			1
Total	$	496		$	614		$	415		$	146		$	128		$	149		$	52		$	72		$	110


(a)	U.S. includes pension lump sum settlement charge of $195 million in 2012. This charge is reflected in items affecting comparability (see additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations).

Debt Obligations and Commitments (Tables)

12 Months Ended

Dec. 28, 2013

Debt Obligations and Commitments [Abstract]

Schedule of Long and Short-Term Debt Contractural Commitments

The following table summarizes the Company’s long-term debt obligations:



	2013			2012
Short-term debt obligations
Current maturities of long-term debt	$	2,224		$	2,901
Commercial paper (0.1% and 0.1%)	2,924			1,101
Other borrowings (12.4% and 7.4%)	158			813
	$	5,306		$	4,815
Long-term debt obligations
Notes due 2013 (2.3%)	$	—		$	2,891
Notes due 2014 (5.3% and 4.4%)	2,219			3,237
Notes due 2015 (1.2% and 1.5%)	4,116			3,300
Notes due 2016 (2.5% and 3.9%)	3,106			1,878
Notes due 2017 (2.0% and 2.0%)	1,258			1,250
Notes due 2018 (4.3% and 4.7%)	3,439			3,511
Notes due 2019-2042 (4.0% and 4.4%)	12,373			10,270
Other, due 2014-2020 (4.4% and 9.3%)	46			108
	26,557			26,445
Less: current maturities of long-term debt obligations	(2,224		)	(2,901		)
Total	$	24,333		$	23,544

Schedule Of Long-Term Contractual Commitments

The following table summarizes our long-term contractual commitments by period:



	Payments Due by Period
	Total		2014		2015 – 2016		2017 – 2018		2019 and beyond
Long-term debt obligations^(b)	$	23,878	$	—	$	7,198	$	4,497	$	12,183
Interest on debt obligations^(c)	8,107		807		1,411		1,221		4,668
Operating leases	2,014		441		631		375		567
Purchasing commitments^(d)	2,347		798		1,122		196		231
Marketing commitments^(d)	2,149		326		605		485		733
	$	38,495	$	2,372	$	10,967	$	6,774	$	18,382


(a)	Based on year-end foreign exchange rates. Reserves for uncertain tax positions are excluded from the table above as we are unable to reasonably predict the ultimate amount or timing of any settlements.


(b)	Excludes $2,224 million related to current maturities of long-term debt, $237 million related to the fair value step-up of debt acquired in connection with our acquisitions of PBG and PAS and $218 million related to the increase in carrying value of long-term debt representing the gains on our fair value interest rate swaps.


(c)	Interest payments on floating-rate debt are estimated using interest rates effective as of December 28, 2013.


(d)	Primarily reflects non-cancelable commitments as of December 28, 2013.

Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2013

Derivative Instruments and Hedges, Assets [Abstract]

Fair Values Of Financial Assets And Liabilities

The fair values of our financial assets and liabilities as of December 28, 2013 and December 29, 2012 are categorized as follows:



	2013				2012
	Assets^(a)		Liabilities^(a)		Assets^(a)		Liabilities^(a)
Available-for-sale securities^(b)	$	135	$	—	$	79	$	—
Short-term investments – index funds^(c)	$	184	$	—	$	161	$	—
Prepaid forward contracts^(d)	$	24	$	—	$	33	$	—
Deferred compensation^(e)	$	—	$	504	$	—	$	492
Derivatives designated as fair value hedging instruments:
Interest rate^(f)	$	176	$	10	$	276	$	—
Derivatives designated as cash flow hedging instruments:
Foreign exchange^(g)	$	22	$	13	$	5	$	19
Interest rate^(f)	19		—		6		—
Commodity^(h)	6		29		8		24
	$	47	$	42	$	19	$	43
Derivatives not designated as hedging instruments:
Foreign exchange^(g)	$	12	$	8	$	8	$	6
Interest rate^(f)	71		94		123		153
Commodity^(h)	20		89		40		45
	$	103	$	191	$	171	$	204
Total derivatives at fair value	$	326	$	243	$	466	$	247
Total	$	669	$	747	$	739	$	739

(a)


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


(c)	Based on the price of index funds. Categorized as a Level 1 asset.


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


(e)	Based on the fair value of investments corresponding to employees’ investment elections. As of December 28, 2013, all balances are categorized as Level 2 liabilities. As of December 29, 2012, $10 million are categorized as Level 1 liabilities and the remaining balances are categorized as Level 2 liabilities.


(f)	Based on LIBOR forward rates and recently reported market transactions of spot and 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 losses/(gains) on our derivative instruments is categorized in the table below.



	Fair Value/Non- designated Hedges						Cash Flow Hedges
	Losses/(Gains) Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	2013			2012			2013			2012			2013		2012
Foreign exchange	$	(9	)	$	(23	)	$	(24	)	$	41		$	—	$	8
Interest rate	99			17			(13		)	(2		)	3		19
Commodity	126			(23		)	57			11			42		63
Total	$	216		$	(29	)	$	20		$	50		$	45	$	90

(a)


(b)	Foreign exchange derivative gains/losses are primarily included in cost of sales. Interest rate derivative losses are included in interest expense. Commodity derivative gains/losses are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Net Income Attributable to PepsiCo per Common Share (Tables)

12 Months Ended

Dec. 28, 2013

Earnings Per Share [Abstract]

Basic And Diluted 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:



	2013				2012				2011
	Income			Shares^(a)	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	6,740			$	6,178			$	6,443
Preferred shares:
Dividends	(1		)		(1		)		(1		)
Redemption premium	(7		)		(6		)		(6		)
Net income available for PepsiCo common shareholders	$	6,732		1,541	$	6,171		1,557	$	6,436		1,576
Basic net income attributable to PepsiCo per common share	$	4.37			$	3.96			$	4.08
Net income available for PepsiCo common shareholders	$	6,732		1,541	$	6,171		1,557	$	6,436		1,576
Dilutive securities:
Stock options, RSUs, and PEPUnits	—			18	—			17	—			20
ESOP convertible preferred stock	8			1	7			1	7			1
Diluted	$	6,740		1,560	$	6,178		1,575	$	6,443		1,597
Diluted net income attributable to PepsiCo per common share	$	4.32			$	3.92			$	4.03


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

Accumulated Other Comprehensive Loss Attributable to Pepsico (Tables)

12 Months Ended

Dec. 28, 2013

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule Of Accumulated Other Comprehensive Income

The accumulated balances for each component of other comprehensive loss attributable to PepsiCo are as follows:



	2013			2012			2011
Currency translation adjustment	$	(3,247	)	$	(1,946	)	$	(2,688	)
Cash flow hedges, net of tax	(76		)	(94		)	(112		)
Unamortized pension and retiree medical, net of tax ^(a)	(1,861		)	(3,491		)	(3,419		)
Unrealized gain on securities, net of tax	109			80			62
Other	(52		)	(36		)	(72		)
Accumulated other comprehensive loss attributable to PepsiCo	$	(5,127	)	$	(5,487	)	$	(6,229	)


(a)	Net of taxes of $945 million in 2013, $1,832 million in 2012 and $1,831 million in 2011.

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table summarizes the reclassifications from Accumulated Other Comprehensive Loss to the Consolidated Statement of Income for the year ended December 28, 2013:



	2013
	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Consolidated Statement of Income

Losses/(gains) on cash flow hedges:
Interest rate derivatives	$	3		Interest expense
Commodity contracts	44			Cost of sales
Commodity contracts	(2		)	Selling, general and administrative expenses
Net losses before tax	45
Tax amounts	(17		)
Net losses after tax	$	28

Amortization of pension and retiree medical items:
Net prior service credit ^(a)	$	(2	)
Net actuarial losses^(a)	355
Net losses before tax	353
Tax amounts	(123		)
Net losses after tax	230
Total net losses reclassified for the period, net of tax	$	258


(a)	These items are included in the components of net periodic benefit cost for pension and retiree medical plans (see Note 7 for additional details).

Supplemental Financial Information (Tables)

12 Months Ended

Dec. 28, 2013

Supplemental Financial Information [Abstract]

Additional Financial Information Disclosure [Text Block]

Supplemental Financial Information

Supplemental information for accounts and notes receivable and inventories is summarized as follows:



	2013			2012			2011
Accounts and notes receivable
Trade receivables	$	6,178		$	6,215
Other receivables	921			983
	7,099			7,198
Allowance, beginning of year	157			157			$	144
Net amounts charged to expense	29			28			30
Deductions ^(a)	(34		)	(27		)	(41		)
Other ^(b)	(7		)	(1		)	24
Allowance, end of year	145			157			$	157
Net receivables	$	6,954		$	7,041

Inventories ^(c)
Raw materials	$	1,732		$	1,875
Work-in-process	168			173
Finished goods	1,509			1,533
	$	3,409		$	3,581


(a)	Includes accounts written off.


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


(c)	Approximately 3%, in both 2013 and 2012, of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Supplemental information for other assets, accounts payable and other current liabilities is summarized as follows:



	2013		2012
Other assets
Noncurrent notes and accounts receivable	$	105	$	136
Deferred marketplace spending	214		195
Pension plans ^(a)	687		62
Other investments	782		718
Other	419		542
	$	2,207	$	1,653
Accounts payable and other current liabilities
Accounts payable	$	4,874	$	4,451
Accrued marketplace spending	2,245		2,187
Accrued compensation and benefits	1,789		1,705
Dividends payable	877		838
Other current liabilities	2,748		2,722
	$	12,533	$	11,903


(a)	See Note 7 for additional information regarding our pension plans.

The following table summarizes other supplemental information:



	2013		2012		2011
Other supplemental information
Rent expense	$	639	$	581	$	589
Interest paid	$	1,007	$	1,074	$	1,039
Income taxes paid, net of refunds	$	3,076	$	1,840	$	2,218

Supplemental Financial Information

Supplemental information for accounts and notes receivable and inventories is summarized as follows:



	2013			2012			2011
Accounts and notes receivable
Trade receivables	$	6,178		$	6,215
Other receivables	921			983
	7,099			7,198
Allowance, beginning of year	157			157			$	144
Net amounts charged to expense	29			28			30
Deductions ^(a)	(34		)	(27		)	(41		)
Other ^(b)	(7		)	(1		)	24
Allowance, end of year	145			157			$	157
Net receivables	$	6,954		$	7,041

Inventories ^(c)
Raw materials	$	1,732		$	1,875
Work-in-process	168			173
Finished goods	1,509			1,533
	$	3,409		$	3,581


(a)	Includes accounts written off.


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


(c)	Approximately 3%, in both 2013 and 2012, of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Supplemental information for other assets, accounts payable and other current liabilities is summarized as follows:



	2013		2012
Other assets
Noncurrent notes and accounts receivable	$	105	$	136
Deferred marketplace spending	214		195
Pension plans ^(a)	687		62
Other investments	782		718
Other	419		542
	$	2,207	$	1,653
Accounts payable and other current liabilities
Accounts payable	$	4,874	$	4,451
Accrued marketplace spending	2,245		2,187
Accrued compensation and benefits	1,789		1,705
Dividends payable	877		838
Other current liabilities	2,748		2,722
	$	12,533	$	11,903


(a)	See Note 7 for additional information regarding our pension plans.

The following table summarizes other supplemental information:



	2013		2012		2011
Other supplemental information
Rent expense	$	639	$	581	$	589
Interest paid	$	1,007	$	1,074	$	1,039
Income taxes paid, net of refunds	$	3,076	$	1,840	$	2,218

Schedule of Accounts and Notes Receivables and Inventories [Table Text Block] [Table Text Block]

Supplemental information for accounts and notes receivable and inventories is summarized as follows:



	2013			2012			2011
Accounts and notes receivable
Trade receivables	$	6,178		$	6,215
Other receivables	921			983
	7,099			7,198
Allowance, beginning of year	157			157			$	144
Net amounts charged to expense	29			28			30
Deductions ^(a)	(34		)	(27		)	(41		)
Other ^(b)	(7		)	(1		)	24
Allowance, end of year	145			157			$	157
Net receivables	$	6,954		$	7,041

Inventories ^(c)
Raw materials	$	1,732		$	1,875
Work-in-process	168			173
Finished goods	1,509			1,533
	$	3,409		$	3,581


(a)	Includes accounts written off.


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


(c)	Approximately 3%, in both 2013 and 2012, of the inventory cost was computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material.

Schedule Of Supplemental Balance Sheet Information

Supplemental information for other assets, accounts payable and other current liabilities is summarized as follows:



	2013		2012
Other assets
Noncurrent notes and accounts receivable	$	105	$	136
Deferred marketplace spending	214		195
Pension plans ^(a)	687		62
Other investments	782		718
Other	419		542
	$	2,207	$	1,653
Accounts payable and other current liabilities
Accounts payable	$	4,874	$	4,451
Accrued marketplace spending	2,245		2,187
Accrued compensation and benefits	1,789		1,705
Dividends payable	877		838
Other current liabilities	2,748		2,722
	$	12,533	$	11,903


(a)	See Note 7 for additional information regarding our pension plans.

Schedule Of Other Supplemental Information

The following table summarizes other supplemental information:



	2013		2012		2011
Other supplemental information
Rent expense	$	639	$	581	$	589
Interest paid	$	1,007	$	1,074	$	1,039
Income taxes paid, net of refunds	$	3,076	$	1,840	$	2,218

Basis of Presentation and Our Divisions (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 19, 2011	Dec. 28, 2013 country	Dec. 28, 2013 FLNA	Dec. 28, 2013 QFNA	Dec. 28, 2013 LAF	Dec. 28, 2013 PAB	Dec. 28, 2013 Europe	Dec. 28, 2013 AMEA	Dec. 28, 2013 Corporate Unallocated	Dec. 28, 2013 Maximum
Basis Of Presentation And Our Divisions [Line Items]
Ownership percentage of certain other affiliates										50.00%
Change in accounting method (LIFO to average cost) effect on net income	$ 9
Manufacture and sell in (number of countries)		200
Stock-based compensation percentage			16.00%	2.00%	5.00%	24.00%	13.00%	12.00%	28.00%

Basis of Presentation and Our Divisions (Schedule of Segment Reporting Information, by Segment) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

$ 66,415

$ 65,492

$ 66,504

9,705

^[1]

9,112

^[1]

9,633

^[1]

FLNA

14,126

13,574

13,322

3,877

^[1]

3,646

^[1]

3,621

^[1]

21.00%

35.00%

QFNA

2,612

2,636

2,656

617

^[1]

695

^[1]

797

^[1]

4.00%

6.00%

LAF

8,350

7,780

7,156

1,242

^[1]

1,059

^[1]

1,078

^[1]

12.00%

11.00%

PAB

21,068

21,408

22,418

2,955

^[1]

2,937

^[1]

3,273

^[1]

32.00%

26.00%

Europe

13,752

^[2]

13,441

^[2]

13,560

^[2]

1,293

^[1],[2]

1,330

^[1],[2]

1,210

^[1],[2]

21.00%

12.00%

AMEA

6,507

6,653

7,392

1,174

^[1]

747

^[1]

887

^[1]

10.00%

10.00%

Total Division

66,415

65,492

66,504

11,158

^[1]

10,414

^[1]

10,866

^[1]

Corporate Unallocated Mark-To-Market Net Impact Gains (Losses)

(72)

^[1]

(102)

^[1]

Corporate Unallocated Merger and Integration Charges

^[1]

(78)

^[1]

Corporate Unallocated Restructuring and Impairment Charges

(11)

^[1]

(10)

^[1]

(74)

^[1]

Corporate Unallocated Venezuela Currency Devaluation

(124)

Corporate Unallocated Pension Lump Sum Settlement Charge

^[1]

(195)

^[1]

Corporate Unallocated 53rd Week

^[1]

(18)

^[1]

Corporate Unallocated Other

$ (1,246)

$ (1,162)

$ (961)

[1]	For information on the impact of restructuring, impairment and integration charges on our divisions, see Note 3 to our consolidated financial statements. See also Note 15 to our consolidated financial statements for more information on our transaction with Tingyi and refranchising of our beverage business in Vietnam in our AMEA segment.
[2]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjQ5Y2M5Y2NkMTA5ODQyNWRhNDViNTVjZWVhNDc1YTYxfFRleHRTZWxlY3Rpb246NkI0MUU3RTBEMjQxQUNDREEyREI0OUI0MUEyQUQxOTEM}

Basis of Presentation and Our Divisions (Segment Reporting Information by Total Assets and Capital Spending) (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

$ 77,478

$ 74,638

$ 72,882

2,795

2,714

3,339

FLNA

5,308

5,332

5,384

423

365

439

7.00%

15.00%

QFNA

983

966

1,024

1.00%

1.00%

LAF

4,829

4,993

4,721

384

436

413

6.00%

14.00%

PAB

30,350

30,899

31,142

716

702

1,006

39.00%

26.00%

Europe

18,702

^[1]

19,218

^[1]

18,461

^[1]

550

^[1]

575

^[1]

588

^[1]

24.00%

20.00%

AMEA

5,754

5,738

6,038

531

510

693

8.00%

19.00%

Total Division

65,926

67,146

66,770

2,642

2,625

3,182

Corporate

11,552

^[2]

7,492

^[2]

6,112

^[2]

$ 153

^[2]

$ 89

^[2]

$ 157

^[2]

15.00%

5.00%

[1]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjQ5Y2M5Y2NkMTA5ODQyNWRhNDViNTVjZWVhNDc1YTYxfFRleHRTZWxlY3Rpb246QjQ1NkM3NkJBNTlDMEIzOTRDNTE0OUI0MUEyQTg5QTEM}
[2]	Corporate assets consist principally of cash and cash equivalents, short-term investments, derivative instruments, property, plant and equipment and certain pension and tax assets.

Basis of Presentation and Our Divisions (Segment Reporting Information by Amortization of Intangible Assets and Depreciation and Other Amortization) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	$ 110	$ 119	$ 133
Depreciation and Other Amortization	2,553	2,570	2,604
FLNA
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	7	7	7
Depreciation and Other Amortization	430	445	458
QFNA
Segment Reporting Information [Line Items]
Depreciation and Other Amortization	51	53	54
LAF
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	8	10	10
Depreciation and Other Amortization	253	248	238
PAB
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	58	59	65
Depreciation and Other Amortization	863	855	865
Europe
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	32	36	39
Depreciation and Other Amortization	525	522	522
AMEA
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	5	7	12
Depreciation and Other Amortization	283	305	350
Total Division
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	110	119	133
Depreciation and Other Amortization	2,405	2,428	2,487
Corporate
Segment Reporting Information [Line Items]
Amortization of Intangible Assets
Depreciation and Other Amortization	$ 148	$ 142	$ 117

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

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

$ 66,415

$ 65,492

$ 66,504

53,068

^[1]

54,265

^[1]

54,420

^[1]

United States

33,626

33,348

33,053

28,504

^[1]

28,344

^[1]

28,999

^[1]

51.00%

54.00%

Russia

4,908

^[2]

4,861

^[2]

4,749

^[2]

7,890

^[1],[2]

8,603

^[1],[2]

8,121

^[1],[2]

7.00%

15.00%

Mexico

4,347

3,955

4,782

1,226

^[1]

1,237

^[1]

1,027

^[1]

6.00%

2.00%

Canada

3,195

3,290

3,364

3,067

^[1]

3,294

^[1]

3,097

^[1]

5.00%

6.00%

United Kingdom

2,115

2,102

2,075

1,078

^[1]

1,053

^[1]

1,011

^[1]

3.00%

2.00%

Brazil

1,835

1,866

1,838

1,006

^[1]

1,134

^[1]

1,124

^[1]

3.00%

2.00%

All Other Countries

16,389

16,070

16,643

$ 10,297

^[1]

$ 10,600

^[1]

$ 11,041

^[1]

25.00%

Intangible Assets (Including Goodwill) [Roll Forward]

19.00%

[1]	Long-lived assets represent property, plant and equipment, nonamortizable intangible assets, amortizable intangible assets and investments in noncontrolled affiliates. These assets are reported in the country where they are primarily used.
[2]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjQ5Y2M5Y2NkMTA5ODQyNWRhNDViNTVjZWVhNDc1YTYxfFRleHRTZWxlY3Rpb246QjUxRjdCQkQyRjU2MUYyNzIyQkY0OUI0MUEyQTREMDAM}

Our Significant Accounting Policies (Details) (USD $)	12 Months Ended
Our Significant Accounting Policies (Details) (USD $)	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Software amortization	$ 197,000,000	$ 196,000,000	$ 156,000,000
Net capitalized software and development costs	$ 1,100,000,000	$ 1,100,000,000
Minimum \| Software
Property, Plant and Equipment [Line Items]
Software estimated useful lives	5 years
Maximum \| Software
Property, Plant and Equipment [Line Items]
Software estimated useful lives	10 years

Our Significant Accounting Policies (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Accounting Policies [Abstract]
Capitalized Computer Software, Amortization	$ 197,000,000	$ 196,000,000	$ 156,000,000
Sales Allowances, Goods	34,700,000,000	34,700,000,000	34,600,000,000
Shipping and handling expenses	9,400,000,000	9,100,000,000	9,200,000,000
Research and development costs	665,000,000	552,000,000	525,000,000
Amount of prepaid incentive arrangements	410,000,000	335,000,000
Advertising and other marketing activities	3,900,000,000	3,700,000,000	3,500,000,000
Advertising expenses	2,400,000,000	2,200,000,000	1,900,000,000
Deferred advertising costs	68,000,000	88,000,000
Capitalized Computer Software, Net	$ 1,100,000,000	$ 1,100,000,000

Our Significant Accounting Policies (Concentration of Credit Risk) (Details) (Customer Concentration Risk, Wal-Mart, Revenue, Net)	12 Months Ended
	Dec. 28, 2013
Customer Concentration Risk \| Wal-Mart \| Revenue, Net
Concentration Risk [Line Items]
Concentration risk, percentage	11.00%

Restructuring, Impairment and Integration Charges (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
Merger and integration charges	$ 10	$ 16	$ 329
Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions		279
Pepsi Bottling Group Pepsi Americas And Wimm Bill Dann Acquisition
Restructuring Cost and Reserve [Line Items]
Merger and integration charges			329
Merger and integration charges, after tax			271
Merger and integration charges, after-tax impact per share			$ 0.17
Pepsi Bottling Group Pepsi Americas And Wimm Bill Dann Acquisition \| PAB
Restructuring Cost and Reserve [Line Items]
Merger and integration charges			112
Pepsi Bottling Group Pepsi Americas And Wimm Bill Dann Acquisition \| Europe
Restructuring Cost and Reserve [Line Items]
Merger and integration charges			123
Pepsi Bottling Group Pepsi Americas And Wimm Bill Dann Acquisition \| Corporate
Restructuring Cost and Reserve [Line Items]
Merger and integration charges			78
Pepsi Bottling Group Pepsi Americas And Wimm Bill Dann Acquisition \| Interest Expense
Restructuring Cost and Reserve [Line Items]
Merger and integration charges			16
Wimm Bill Dann Acquisition
Restructuring Cost and Reserve [Line Items]
Merger and integration charges	10	16
Merger and integration charges, after tax	8	12
Merger and integration charges, after-tax impact per share	$ 0.01	$ 0.01
Wimm Bill Dann Acquisition \| Europe
Restructuring Cost and Reserve [Line Items]
Merger and integration charges		11
Wimm Bill Dann Acquisition \| Interest Expense
Restructuring Cost and Reserve [Line Items]
Merger and integration charges		5
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	53
Restructuring and impairment provisions, after tax	39
Restructuring and impairment provisions, after-tax impact per share	$ 0.02
2014 Productivity Plan \| PAB
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	10
2014 Productivity Plan \| Europe
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	10
2014 Productivity Plan \| Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	13
Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	110	279	383
Restructuring and impairment provisions, after tax	90	215	286
Restructuring and impairment provisions, after-tax impact per share	$ 0.06	$ 0.14	$ 0.18
Productivity Plan \| PAB
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	21	102	81
Productivity Plan \| Europe
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	50	42	77
Productivity Plan \| Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ (2)	$ 10	$ 74

Restructuring, Impairment and Integration Charges Restructuring, Impairment, Integration Charges (Summary of 2014 Productivity Plan Charges) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
Cash payments	$ (133)	$ (343)	$ (31)
2014 Productivity Plan
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	53
Non-cash charges	(22)
Restructuring Reserve	31
Restructuring and impairment provisions, after tax	39
Restructuring and impairment provisions, after-tax impact per share	$ 0.02
2014 Productivity Plan \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	52
Non-cash charges	(22)
Restructuring Reserve	30
2014 Productivity Plan \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	1
Non-cash charges	0
Restructuring Reserve	1
2014 Productivity Plan \| FLNA
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	11
2014 Productivity Plan \| FLNA \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	11
2014 Productivity Plan \| FLNA \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0
2014 Productivity Plan \| QFNA
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	3
2014 Productivity Plan \| QFNA \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	3
2014 Productivity Plan \| QFNA \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0
2014 Productivity Plan \| LAF
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	5
2014 Productivity Plan \| LAF \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	5
2014 Productivity Plan \| LAF \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0
2014 Productivity Plan \| PAB
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	10
2014 Productivity Plan \| PAB \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	10
2014 Productivity Plan \| PAB \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0
2014 Productivity Plan \| Europe
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	10
2014 Productivity Plan \| Europe \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	10
2014 Productivity Plan \| Europe \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0
2014 Productivity Plan \| AMEA
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	1
2014 Productivity Plan \| AMEA \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	1
2014 Productivity Plan \| AMEA \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	0
2014 Productivity Plan \| Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	13
2014 Productivity Plan \| Corporate \| Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	12
2014 Productivity Plan \| Corporate \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 1

Restructuring, Impairment and Integration Charges (Summary of Productivity Plan Activity) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	$ 10	$ 16	$ 329
Restructuring Reserve [Roll Forward]
Cash payments for restructuring charges	(133)	(343)	(31)
Severance And Other Employee Costs
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	(2)	(3)	146
Asset Impairments
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	7	1	34
Other Costs
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	5	18	149
Productivity Plan
Restructuring Reserve [Roll Forward]
Liability at beginning of period	127	276
Restructuring, Settlement and Impairment Provisions	110	279	383
Cash payments for restructuring charges	(133)	(343)	(30)
Non-cash charges	(19)	(85)	(77)
Liability at end of period	85	127	276
Productivity Plan \| Severance And Other Employee Costs
Restructuring Reserve [Roll Forward]
Liability at beginning of period	91	249
Restructuring, Settlement and Impairment Provisions	74	89	327
Cash payments for restructuring charges	(89)	(239)	(1)
Non-cash charges	(8)	(8)	(77)
Liability at end of period	68	91	249
Productivity Plan \| Asset Impairments
Restructuring Reserve [Roll Forward]
Liability at beginning of period
Restructuring, Settlement and Impairment Provisions	6	75
Non-cash charges	(6)	(75)
Liability at end of period
Productivity Plan \| Other Costs
Restructuring Reserve [Roll Forward]
Liability at beginning of period	36	27
Restructuring, Settlement and Impairment Provisions	30	115	56
Cash payments for restructuring charges	(44)	(104)	(29)
Non-cash charges	(5)	(2)
Liability at end of period	17	36	27
Wimm Bill Dann Acquisition
Restructuring Cost and Reserve [Line Items]
Merger and integration costs	$ 10	$ 16

Restructuring, Impairment and Integration Charges (Schedule of Merger and Integration Activity) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Restructuring Reserve [Roll Forward]
Liability at beginning of period	$ 24	$ 105	$ 204
Merger and integration costs	10	16	329
Cash payments	(25)	(83)	(377)
Non-cash charges	(5)	(14)	(51)
Liability at end of period	4	24	105
Wimm Bill Dann Acquisition
Restructuring Reserve [Roll Forward]
Merger and integration costs	10	16
Severance And Other Employee Costs
Restructuring Reserve [Roll Forward]
Liability at beginning of period	18	98	179
Merger and integration costs	(2)	(3)	146
Cash payments	(14)	(65)	(191)
Non-cash charges	(2)	(12)	(36)
Liability at end of period	0	18	98
Asset Impairments
Restructuring Reserve [Roll Forward]
Liability at beginning of period	0	0	0
Merger and integration costs	7	1	34
Cash payments	0	0	0
Non-cash charges	(7)	(1)	(34)
Liability at end of period	0	0	0
Other Costs
Restructuring Reserve [Roll Forward]
Liability at beginning of period	6	7	25
Merger and integration costs	5	18	149
Cash payments	(11)	(18)	(186)
Non-cash charges	4	(1)	19
Liability at end of period	$ 4	$ 6	$ 7

Property, Plant and Equipment and Intangible Assets (Schedule of Property, Plant and Equipment and Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Property, plant and equipment, net:
Property, plant and equipment, gross	$ 36,961	$ 36,162
Accumulated depreciation	(18,386)	(17,026)
Property, Plant and Equipment, net	18,575	19,136
Depreciation	2,472	2,489	2,476
Amortizable intangible assets, net:
Amortizable intangible assets, gross	3,104	3,199
Accumulated amortization	(1,466)	(1,418)
Amortizable intangible assets, net	1,638	1,781
Amortization of intangible assets	110	119	133
Land And Improvements
Property, plant and equipment, net:
Property, plant and equipment, gross	1,883	1,890
Land And Improvements \| Minimum
Property, plant and equipment, net:
Average Useful Life (Years)	10 years
Land And Improvements \| Maximum
Property, plant and equipment, net:
Average Useful Life (Years)	34 years
Buildings And Improvements
Property, plant and equipment, net:
Property, plant and equipment, gross	7,832	7,792
Buildings And Improvements \| Minimum
Property, plant and equipment, net:
Average Useful Life (Years)	15 years
Buildings And Improvements \| Maximum
Property, plant and equipment, net:
Average Useful Life (Years)	44 years
Machinery And Equipment, Including Fleet And Software
Property, plant and equipment, net:
Property, plant and equipment, gross	25,415	24,743
Machinery And Equipment, Including Fleet And Software \| Minimum
Property, plant and equipment, net:
Average Useful Life (Years)	5 years
Machinery And Equipment, Including Fleet And Software \| Maximum
Property, plant and equipment, net:
Average Useful Life (Years)	15 years
Construction In Progress
Property, plant and equipment, net:
Property, plant and equipment, gross	1,831	1,737
Acquired Franchise Rights
Amortizable intangible assets, net:
Amortizable intangible assets, gross	910	931
Accumulated amortization	(83)	(67)
Amortizable intangible assets, net	827	864
Acquired Franchise Rights \| Minimum
Amortizable intangible assets, net:
Average Useful Life (Years)	56 years
Acquired Franchise Rights \| Maximum
Amortizable intangible assets, net:
Average Useful Life (Years)	60 years
Reacquired Franchise Rights
Amortizable intangible assets, net:
Amortizable intangible assets, gross	108	110
Accumulated amortization	(86)	(68)
Amortizable intangible assets, net	22	42
Reacquired Franchise Rights \| Minimum
Amortizable intangible assets, net:
Average Useful Life (Years)	1 year
Reacquired Franchise Rights \| Maximum
Amortizable intangible assets, net:
Average Useful Life (Years)	14 years
Brands
Amortizable intangible assets, net:
Amortizable intangible assets, gross	1,400	1,422
Accumulated amortization	(996)	(980)
Amortizable intangible assets, net	404	442
Brands \| Minimum
Amortizable intangible assets, net:
Average Useful Life (Years)	5 years
Brands \| Maximum
Amortizable intangible assets, net:
Average Useful Life (Years)	40 years
Other Identifiable Intangibles
Amortizable intangible assets, net:
Amortizable intangible assets, gross	686	736
Accumulated amortization	(301)	(303)
Amortizable intangible assets, net	385	433
Other Identifiable Intangibles \| Minimum
Amortizable intangible assets, net:
Average Useful Life (Years)	10 years
Other Identifiable Intangibles \| Maximum
Amortizable intangible assets, net:
Average Useful Life (Years)	24 years
Europe
Property, Plant and Equipment [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		23	14
Amortizable intangible assets, net:
Amortization of intangible assets	$ 32	$ 36	$ 39

Property, Plant and Equipment and Intangible Assets (Future Amortization) (Details) (USD $) In Millions, unless otherwise specified	Dec. 28, 2013
Property, Plant And Equipment And Intangible Assets [Abstract]
2014	$ 94
2015	85
2016	76
2017	71
2018	$ 70

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

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

$ 31,715

$ 31,357

(171)

(710)

529

Intangible Assets (Including Goodwill) [Roll Forward]

31,014

31,715

FLNA

347

341

(13)

Intangible Assets (Including Goodwill) [Roll Forward]

334

347

LAF

939

950

(73)

(25)

Intangible Assets (Including Goodwill) [Roll Forward]

866

939

PAB

19,051

19,004

(1)

(143)

Intangible Assets (Including Goodwill) [Roll Forward]

18,921

19,051

Europe

10,493

10,028

(18)

(405)

483

Impairment of intangible assets

10,088

10,493

10,028

AMEA

Intangible Assets (Including Goodwill) [Roll Forward]

710

859

(4)

(166)

(76)

Intangible Assets (Including Goodwill) [Roll Forward]

630

710

Goodwill

16,971

16,800

(102)

(359)

273

Intangible Assets (Including Goodwill) [Roll Forward]

16,613

16,971

Goodwill | FLNA

316

311

(11)

Intangible Assets (Including Goodwill) [Roll Forward]

305

316

Goodwill | QFNA

175

Intangible Assets (Including Goodwill) [Roll Forward]

175

Goodwill | LAF

716

793

(61)

(56)

(16)

Intangible Assets (Including Goodwill) [Roll Forward]

660

716

Goodwill | PAB

9,988

9,932

(50)

Intangible Assets (Including Goodwill) [Roll Forward]

9,943

9,988

Goodwill | Europe

5,214

^[1]

4,900

^[1]

^[1]

(187)

^[1]

236

^[1]

Intangible Assets (Including Goodwill) [Roll Forward]

5,027

^[1]

5,214

^[1]

Goodwill | AMEA

562

689

(4)

(142)

(55)

Intangible Assets (Including Goodwill) [Roll Forward]

503

562

Reacquired Franchise Rights

8,109

8,074

(33)

(84)

Intangible Assets (Including Goodwill) [Roll Forward]

8,041

8,109

Reacquired Franchise Rights | PAB

7,337

7,342

(33)

(72)

Intangible Assets (Including Goodwill) [Roll Forward]

7,281

7,337

Reacquired Franchise Rights | Europe

772

^[1]

732

^[1]

^[1]

(12)

^[1]

Intangible Assets (Including Goodwill) [Roll Forward]

760

^[1]

772

^[1]

Acquired Franchise Rights

1,796

1,780

(8)

(7)

Intangible Assets (Including Goodwill) [Roll Forward]

1,781

1,796

Acquired Franchise Rights | PAB

1,573

1,562

(8)

(14)

Intangible Assets (Including Goodwill) [Roll Forward]

1,551

1,573

Acquired Franchise Rights | Europe

223

^[1]

218

^[1]

^[1]

^[1]

Intangible Assets (Including Goodwill) [Roll Forward]

230

^[1]

223

^[1]

Brands

4,839

4,703

(45)

(260)

181

Intangible Assets (Including Goodwill) [Roll Forward]

4,579

4,839

Brands | FLNA

(2)

Intangible Assets (Including Goodwill) [Roll Forward]

Brands | LAF

223

157

(17)

(9)

Intangible Assets (Including Goodwill) [Roll Forward]

206

223

Brands | PAB

153

168

(7)

(15)

Intangible Assets (Including Goodwill) [Roll Forward]

146

153

Brands | Europe

4,284

^[1]

4,178

^[1]

^[1]

(96)

^[1]

(213)

^[1]

202

^[1]

Intangible Assets (Including Goodwill) [Roll Forward]

4,071

^[1]

4,284

^[1]

Brands | AMEA

148

170

(24)

(21)

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

$ 127

$ 148

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Income Taxes (Narrative) (Details) (USD $)	3 Months Ended		4 Months Ended	12 Months Ended					4 Months Ended	12 Months Ended
Income Taxes (Narrative) (Details) (USD $)	Mar. 24, 2012	Jun. 12, 2010	Dec. 29, 2012	Dec. 28, 2013	Dec. 29, 2012	Dec. 28, 2013 Expire in 2014	Dec. 28, 2013 Expire Between 2015 and 2033 Years	Dec. 28, 2013 Carried Forward Indefinitely	Dec. 28, 2013 Tax Settlement, Years 2003-2009	Dec. 28, 2013 Open Tax Years
Income Tax Contingency [Line Items]
Income Taxes Paid									$ 758,000,000	$ 226,000,000
One-time related tax charge		41,000,000
Provision for income taxes			217,000,000						209,000,000
Prescription drug benefit subsidy, income tax benefit	55,000,000
Total gross amount of reserves for income taxes				1,268,000,000
Interest accrued			670,000,000	164,000,000	670,000,000
Interest accrued recognized				36,000,000	10,000,000
Operating loss carryforwards				11,100,000,000		100,000,000	10,400,000,000	600,000,000
Income tax undistributed international earnings				$ 34,100,000,000

Income Taxes (Income Taxes) (Details) (USD $) In Millions, unless otherwise specified	4 Months Ended	12 Months Ended					4 Months Ended	12 Months Ended
	Dec. 29, 2012	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011	Dec. 28, 2013 Deferred Taxes	Dec. 29, 2012 Deferred Taxes	Dec. 28, 2013 Tax Settlement, Years 2003-2009	Dec. 28, 2013 Open Tax Years
Income Tax Contingency [Line Items]
Income Taxes Paid							$ 758	$ 226
Income before income taxes in U.S		3,078	3,234	3,964
Income before income taxes in Foreign		5,813	5,070	4,870
Income before income taxes		8,891	8,304	8,834
Provision for income taxes
Current: U.S. Federal		1,092	911	611
Current: Foreign		807	940	882
Current: State		124	153	124
Provision for income taxes, Current total		2,023	2,004	1,617
Deferred: U.S. Federal		87	154	789
Deferred: Foreign		11	(95)	(88)
Deferred: State		(17)	27	54
Provision for income taxes, Deferred total		81	86	755
Provision for income taxes		2,104	2,090	2,372
U.S. Federal statutory tax rate
U.S. Federal statutory tax rate		35.00%	35.00%	35.00%
State income tax, net of U.S. Federal tax benefit		1.20%	1.40%	1.30%
Lower taxes on foreign results		(8.80%)	(6.90%)	(8.70%)
Tax benefits		(2.40%)	(2.60%)	0.00%
Other, net		(1.30%)	(1.70%)	(0.80%)
Annual tax rate		23.70%	25.20%	26.80%
Deferred tax liabilities
Pension benefits		84
Debt guarantee of wholly owned subsidiary	828	828	828
Property, plant and equipment	2,424	2,327	2,424
Intangible assets other than nondeductible goodwill	4,388	4,348	4,388
Other	308	361	308
Gross deferred tax liabilities	7,948	7,948	7,948
Deferred tax assets
Net carryforwards	1,378	1,485	1,378
Stock-based compensation	378	303	378
Retiree medical benefits	411	384	411
Other employee-related benefits	672	627	672
Pension benefits	647		647
Deductible state tax and interest benefits	345	155	345
Long-term debt obligations acquired	164	125	164
Other	863	959	863
Gross deferred tax assets	4,858	4,038	4,858
Valuation allowances	1,233	1,360	1,233	1,264
Deferred tax assets, net	3,625	2,678	3,625
Net deferred tax liabilities	4,323	5,270	4,323
Prepaid expenses and other current assets	1,479	2,162	1,479		716	740
Deferred income taxes	5,063	5,986	5,063
Valuation Allowance [Abstract]
Balance, beginning of year		1,233	1,264	875
Provision	68	111	68	464
Other additions/(deductions)		16	(99)	(75)
Balance, end of year	1,233	1,360	1,233	1,264
non cash tax benefit	$ 217						$ 209

Income Taxes (Reserves Rollforward) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 2,425	$ 2,167
Additions for tax positions related to the current year	238	275
Additions for tax positions from prior years	273	161
Reductions for tax positions from prior years	(327)	(172)
Settlement payments	(1,306)	(17)
Statutes of limitations expiration	(30)	(3)
Translation and other	(5)	14
Balance, end of period	$ 1,268	$ 2,425

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

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

Phantom Units Granted Under Director Deferral Program, Shares Outstanding

290,000

Common stock, capital shares reserved for future issuance

110,000,000

Unrecognized compensation cost related to nonvested share-based compensation grants

$ 373

Weighted-average period for recognizing unrecognized compensation

2 years

Percent of liability awards granted to senior officers

40.00%

PEPUnit

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

Award performance period

3 years

Weighted-average intrinsic value of RSUs granted

$ 68.48

^[1]

$ 64.85

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

60.00%

Restricted Stock Units (RSUs)

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

Weighted-average intrinsic value of RSUs granted

$ 76.30

^[1]

$ 66.64

$ 63.87

Award equivalence, ratio of stock options to RSUs

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

50.00%

Stock Options

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

3 years

Stock option exercisable life

10 years

Award equivalence, ratio of stock options to RSUs

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

50.00%

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

Stock-Based Compensation (Summary of Compensation Costs) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	$ 303	$ 278	$ 326
Merger and integration charges	0	2	13
Restructuring and impairment (benefits)/charges	0	(7)	4
Total	303	273	343
Income tax benefits recognized in earnings related to stock-based compensation	$ 76	$ 73	$ 101

Stock-Based Compensation (Schedule of Weighted-Average Black-Scholes Fair Value Assumptions) (Details)	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Share-based Compensation [Abstract]
Expected life	6 years	6 years	6 years
Risk-free interest rate	1.10%	1.30%	2.50%
Expected volatility	17.00%	17.00%	16.00%
Expected dividend yield	2.70%	3.00%	2.90%

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

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]

Outstanding at December 29, 2012

68,145

^[1]

Granted

2,868

^[1]

3,696

7,150

Exercised

(20,275)

^[1]

Forfeited/expired

(1,276)

^[1]

Outstanding at December 28, 2013

49,462

^[1]

68,145

^[1]

Exercisable at December 28, 2013

37,858

^[1]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]

Outstanding at December 29, 2012 (in USD per share)

$ 59.15

^[2]

Exercised (in USD per share)

$ 76.39

^[2]

$ 55.31

^[2]

Forfeited/expired (in USD per share)

$ 64.65

^[2]

Outstanding at December 28, 2013 (in USD per share)

$ 61.58

^[2]

$ 59.15

^[2]

Exercisable at December 28, 2013 - average price

$ 59.64

^[2]

Outstanding at December 28, 2013 - average life

4 years 10 months 9 days

^[3]

Exercisable at December 28, 2013 - average life

4 years 6 months 20 days

^[3]

Outstanding Aggregate Intrinsic Value, at December 28, 2013

$ 1,045,116

^[4]

Exercisable Aggregate Intrinsic Value, at December 31, 2013

873,257

^[4]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

11,159

^[1]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price

$ 67.52

^[2]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term

7 years 10 months 5 days

^[3]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value

$ 169,498

^[4]

[1]	Options are in thousands and include options previously granted under PBG and PAS plans. No additional options or shares were granted under the PBG and PAS plans after 2009.
[2]	Weighted-average exercise price.
[3]	Weighted-average contractual life remaining.
[4]	In thousands.

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

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number

11,939

^[1]

11,982

^[1]

Granted

4,231

^[1]

Converted

(3,457)

^[1]

Forfeited

(817)

^[1]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Outstanding, Number

11,346

^[1]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value [Roll Forward]

Outstanding at December 31, 2012 (in USD per share)

$ 65.60

^[2]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

4,231

^[3]

4,404

^[3]

5,333

^[3]

Converted (in USD per share)

$ 76.30

^[2]

$ 66.64

$ 63.87

$ 66.38

^[2]

Forfeited (in USD per share)

$ 67.46

^[2]

Outstanding at December 29, 2013 (in USD per share)

$ 69.04

^[2]

$ 65.60

^[2]

Expected to vest as of December 29, 2013(in USD per share)

$ 68.45

^[2]

Outstanding, average life, at December 29, 2013

1 year 4 months 15 days

^[4]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Aggregate Intrinsic Value

$ 987,473

^[3]

Expected to vest, average life, at December 29, 2013

1 year 2 months 15 days

^[4]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Aggregate Intrinsic Value

938,435

^[3]

PEPUnit

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Outstanding at December 28, 2013

675

^[5]

368

^[5]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Outstanding, Number

608

^[5]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value [Roll Forward]

Outstanding at December 31, 2012 (in USD per share)

$ 64.89

^[2]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

355

^[3],[5]

410

^[3]

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Conversions In Period

$ 68.48

^[2]

$ 64.85

(48)

^[5]

Converted (in USD per share)

$ 66.78

^[2]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period

^[5]

Forfeited (in USD per share)

^[2]

Outstanding at December 29, 2013 (in USD per share)

$ 66.65

^[2]

$ 64.89

^[2]

Expected to vest as of December 29, 2013(in USD per share)

$ 66.55

^[2]

Outstanding, average life, at December 29, 2013

1 year 8 months 13 days

^[4]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Aggregate Intrinsic Value

55,809

^[3]

Expected to vest, average life, at December 29, 2013

1 year 8 months 10 days

^[4]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Aggregate Intrinsic Value

$ 50,284

^[3]

[1]	RSUs are in thousands and include RSUs previously granted under the PBG plan. No additional RSUs or shares were granted under the PBG plan after 2009.
[2]	Weighted-average intrinsic value at grant date.
[3]	In thousands.
[4]	Weighted-average contractual life remaining.
[5]	PEPUnits are in thousands.

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

12 Months Ended

Dec. 28, 2013

Dec. 29, 2012

Dec. 31, 2011

Stock Options

Granted

2,868

^[1]

3,696

7,150

Weighted-average fair value of options granted

$ 8.14

$ 6.86

$ 7.79

Total intrinsic value of options exercised(a)

$ 471,475

^[2]

$ 512,636

^[2]

$ 385,678

^[2]

RSUs and PEPUnits

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number

49,462

^[1]

68,145

^[1]

Restricted Stock Units (RSUs)

Stock Options

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

4,231

^[2]

4,404

^[2]

5,333

^[2]

RSUs and PEPUnits

Total intrinsic value of converted units

$ 76.30

^[3]

$ 66.64

$ 63.87

294,065

^[2]

236,575

^[2]

173,433

^[2]

PEPUnit

Stock Options

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

355

^[2],[4]

410

^[2]

RSUs and PEPUnits

Total intrinsic value of converted units

$ 68.48

^[3]

$ 64.85

$ 3,868

^[2]

[1]	Options are in thousands and include options previously granted under PBG and PAS plans. No additional options or shares were granted under the PBG and PAS plans after 2009.
[2]	In thousands.
[3]	Weighted-average intrinsic value at grant date.
[4]	PEPUnits are in thousands.

Pension, Retiree Medical and Savings Plans (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	4 Months Ended	12 Months Ended
	Dec. 29, 2012	Dec. 27, 2014	Dec. 28, 2013	Dec. 28, 2013 Pension Plans, Defined Benefit	Dec. 29, 2012 Pension Plans, Defined Benefit	Dec. 31, 2011 Pension Plans, Defined Benefit	Dec. 27, 2014 Retiree Medical Plan	Dec. 28, 2013 Retiree Medical Plan	Dec. 29, 2012 Retiree Medical Plan	Dec. 31, 2011 Retiree Medical Plan	Dec. 27, 2014 United States Pension Plan of US Entity, Defined Benefit	Dec. 28, 2013 United States Pension Plan of US Entity, Defined Benefit	Dec. 29, 2012 United States Pension Plan of US Entity, Defined Benefit	Dec. 31, 2011 United States Pension Plan of US Entity, Defined Benefit	Dec. 28, 2013 U.S. Savings Plan	Dec. 29, 2012 U.S. Savings Plan	Dec. 31, 2011 U.S. Savings Plan	Dec. 28, 2013 2020 And Thereafter	Dec. 28, 2013 Discretionary Pension Plans, Defined Benefit	Dec. 29, 2012 Discretionary Pension Plans, Defined Benefit	Dec. 31, 2011 Discretionary Pension Plans, Defined Benefit	Dec. 29, 2012 Discretionary Retiree Medical Plan	Dec. 28, 2013 Nondiscretionary Retiree Medical Plan	Dec. 29, 2012 Nondiscretionary Retiree Medical Plan	Dec. 31, 2011 Nondiscretionary Retiree Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution															$ 122	$ 109	$ 144
Lower limit of net accumulated gain or loss			10.00%
Average remaining service period of active plan participants, pension expense			11 years
Average remaining service period of active plan participants, retiree medical expense			9 years
Unfunded plans included in total projected benefit liability			700
Expected future employer contributions in 2013		260					70
Expected return on plan assets								7.80%	7.80%	7.80%	7.50%	7.80%	7.80%	7.80%
Pension strategy investment term, years			5 years
Employer contributions				200	1,614	239		62	251			63	1,368						23	1,375	61	140	62	111	110
Average increase in the cost of covered retiree medical benefits			6.00%
Average increase is then projected to decline																		5.00%
Discretionary contribution to fund pension settlement	405
Pre-tax non-cash settlement charge	195
Pre-tax non-cash settlement charge, after-tax	$ 131
Pre-tax non-cash settlement charge, net of tax, per share	$ 0.08

Pension, Retiree Medical and Savings Plans (Selected Financial Information for Pension and Retiree Medical Plans) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Components of the (decrease)/increase in net loss/(gain) included in accumulated other comprehensive loss
Amortization and settlement of losses	$ 355
Pension Plans, Defined Benefit
Change in fair value of plan assets
Employer contributions/funding	200	1,614	239
United States Pension Plan of US Entity, Defined Benefit
Change in projected benefit liability
Liability at beginning of year	12,886	11,901
Service cost	467	407	350
Interest cost	527	534	547
Plan amendments	22	15
Participant contributions
Experience (gain)/loss	(1,522)	932
Benefit payments	(533)	(278)
Settlement/curtailment	(44)	(633)
Special termination benefits	22	8
Foreign currency adjustment
Defined Benefit Plan, Other Changes
Liability at end of year	11,825	12,886	11,901
Change in fair value of plan assets
Fair value at beginning of year	10,817	9,072
Actual return on plan assets	1,159	1,282
Employer contributions/funding	63	1,368
Benefit payments	(533)	(278)
Defined Benefit Plan, Settlements, Plan Assets	(44)	(627)
Foreign currency adjustment
Fair value at end of year	11,462	10,817	9,072
Funded status	(363)	(2,069)
Amounts recognized
Other assets	603
Other current liabilities	(41)	(51)
Other liabilities	(925)	(2,018)
Net amount recognized	(363)	(2,069)
Amounts included in accumulated other comprehensive loss (pre-tax)
Net loss/(gain)	2,069	4,212
Prior service cost/(credit)	125	121
Total	2,194	4,333
Components of the (decrease)/increase in net loss/(gain) included in accumulated other comprehensive loss
Change in discount rate	(1,532)	776
Employee-related assumption changes	24	135
Liability-related experience different from assumptions	(14)	66
Actual asset return different from expected return	(336)	(486)
Amortization and settlement of losses	(285)	(451)
Other, including foreign currency adjustments		(45)
Total	(2,143)	(5)
Liability at end of year for service to date	10,803	11,643
International
Change in projected benefit liability
Liability at beginning of year	2,788	2,381
Service cost	111	100	95
Interest cost	118	115	117
Plan amendments	(1)
Participant contributions	3	3
Experience (gain)/loss	(65)	200
Benefit payments	(91)	(76)
Settlement/curtailment	(3)	(40)
Special termination benefits		1
Foreign currency adjustment	(2)	102
Defined Benefit Plan, Other Changes	1	2
Liability at end of year	2,859	2,788	2,381
Change in fair value of plan assets
Fair value at beginning of year	2,463	2,031
Actual return on plan assets	265	206
Employer contributions/funding	137	246
Benefit payments	(91)	(76)
Defined Benefit Plan, Settlements, Plan Assets	(8)	(33)
Foreign currency adjustment	8	86
Fair value at end of year	2,777	2,463	2,031
Funded status	(82)	(325)
Amounts recognized
Other assets	74	51
Other current liabilities	(1)	(2)
Other liabilities	(155)	(374)
Net amount recognized	(82)	(325)
Amounts included in accumulated other comprehensive loss (pre-tax)
Net loss/(gain)	849	1,096
Prior service cost/(credit)	(6)	(3)
Total	843	1,093
Components of the (decrease)/increase in net loss/(gain) included in accumulated other comprehensive loss
Change in discount rate	(166)	188
Employee-related assumption changes	91	(2)
Liability-related experience different from assumptions	10	14
Actual asset return different from expected return	(108)	(60)
Amortization and settlement of losses	(68)	(64)
Other, including foreign currency adjustments	(6)	43
Total	(247)	119
Liability at end of year for service to date	2,369	2,323
Retiree Medical Plan
Change in projected benefit liability
Liability at beginning of year	1,511	1,563
Service cost	45	50	51
Interest cost	54	65	88
Plan amendments
Participant contributions
Experience (gain)/loss	(128)	(63)
Benefit payments	(97)	(111)
Settlement/curtailment
Special termination benefits	2	5
Foreign currency adjustment	(3)	2
Defined Benefit Plan, Other Changes
Liability at end of year	1,384	1,511	1,563
Change in fair value of plan assets
Fair value at beginning of year	365	190
Actual return on plan assets	76	35
Employer contributions/funding	62	251
Benefit payments	(97)	(111)
Defined Benefit Plan, Settlements, Plan Assets
Foreign currency adjustment
Fair value at end of year	406	365	190
Funded status	(978)	(1,146)
Amounts recognized
Other assets
Other current liabilities	(72)	(71)
Other liabilities	(906)	(1,075)
Net amount recognized	(978)	(1,146)
Amounts included in accumulated other comprehensive loss (pre-tax)
Net loss/(gain)	(222)	(44)
Prior service cost/(credit)	(69)	(92)
Total	(291)	(136)
Components of the (decrease)/increase in net loss/(gain) included in accumulated other comprehensive loss
Change in discount rate	(117)	84
Employee-related assumption changes	2	(67)
Liability-related experience different from assumptions	(13)	(80)
Actual asset return different from expected return	(49)	(13)
Amortization and settlement of losses	(1)
Other, including foreign currency adjustments
Total	$ (178)	$ (76)

Pension, Retiree Medical and Savings Plans (Components of Benefit Expense) (Details) (USD $)
In Millions, unless otherwise specified

4 Months Ended

12 Months Ended

Dec. 29, 2012

Dec. 28, 2013

United States Pension Plan of US Entity, Defined Benefit

Dec. 29, 2012

United States Pension Plan of US Entity, Defined Benefit

Dec. 31, 2011

United States Pension Plan of US Entity, Defined Benefit

Dec. 28, 2013

International

Dec. 29, 2012

International

Dec. 31, 2011

International

Dec. 28, 2013

Retiree Medical Plan

Dec. 29, 2012

Retiree Medical Plan

Dec. 31, 2011

Retiree Medical Plan

Pre-tax non-cash settlement charge

$ 195

Service cost

467

407

350

111

100

Interest cost

527

534

547

118

115

117

Expected return on plan assets

(823)

(796)

(704)

(157)

(146)

(136)

(27)

(22)

(14)

Amortization of prior service cost/(credit)

(23)

(26)

(28)

Amortization of net loss

289

259

145

Gross total

478

421

352

139

123

118

109

Settlement/curtailment (gain)/loss(a)

(4)

^[1]

185

^[1]

(8)

^[1]

Special termination benefits

Total

$ 496

$ 614

$ 415

$ 146

$ 128

$ 149

$ 52

$ 72

$ 110

[1]	U.S. includes pension lump sum settlement charge of $195 million in 2012. This charge is reflected in items affecting comparability (see additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations).

Pension, Retiree Medical and Savings Plans (Estimated Amounts to be Amortized from Accumulated Other Comprehensive Loss into Benefit Expense in 2012 for Pension and Retiree Medical Plans) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 28, 2013
United States Pension Plan of US Entity, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Net loss/(gain)	$ 175
Prior service cost/(credit)	21
Total	196
International
Defined Benefit Plan Disclosure [Line Items]
Net loss/(gain)	53
Prior service cost/(credit)
Total	53
Retiree Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Net loss/(gain)	(6)
Prior service cost/(credit)	(22)
Total	$ (28)

Pension, Retiree Medical and Savings Plans (Weighted-Average Assumptions to Determine Projected Benefit Liability and Benefit Expense for Pension and Retiree Medical Plans) (Details)	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
United States Pension Plan of US Entity, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Liability discount rate		5.00%	4.20%	4.60%
Expense discount rate		4.20%	4.60%	5.70%
Expected return on plan assets	7.50%	7.80%	7.80%	7.80%
Liability rate of salary increases		3.70%	3.70%	3.70%
Expense rate of salary increases		3.70%	3.70%	4.10%
International
Defined Benefit Plan Disclosure [Line Items]
Liability discount rate		4.70%	4.40%	4.80%
Expense discount rate		4.40%	4.80%	5.50%
Expected return on plan assets		6.60%	6.70%	6.70%
Liability rate of salary increases		3.90%	3.90%	4.10%
Expense rate of salary increases		3.90%	4.10%	4.10%
Retiree Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Liability discount rate		4.60%	3.70%	4.40%
Expense discount rate		3.70%	4.40%	5.20%
Expected return on plan assets		7.80%	7.80%	7.80%

Pension, Retiree Medical and Savings Plans (Selected Information About Plans with Liability for Service to Date and Total Benefit Liability in Excess of Plan Assets) (Details) (USD $) In Millions, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
United States Pension Plan of US Entity, Defined Benefit
Selected information for plans with liability for service to date in excess of plan assets
Liability for service to date	$ (577)	$ (11,643)
Fair value of plan assets	2	10,817
Selected information for plans with projected benefit liability in excess of plan assets
Benefit liability	(6,555)	(12,886)
Fair value of plan assets	5,589	10,817
International
Selected information for plans with liability for service to date in excess of plan assets
Liability for service to date	(310)	(711)
Fair value of plan assets	259	552
Selected information for plans with projected benefit liability in excess of plan assets
Benefit liability	(2,291)	(2,542)
Fair value of plan assets	2,135	2,166
Retiree Medical Plan
Selected information for plans with projected benefit liability in excess of plan assets
Benefit liability	(1,384)	(1,511)
Fair value of plan assets	$ 406	$ 365

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

12 Months Ended

Dec. 28, 2013

Pension Plans, Defined Benefit

$ 565

595

640

695

750

4,655

Retiree Medical Plan

2014

130

^[1]

2015

130

^[1]

2016

130

^[1]

2017

135

^[1]

2018

135

^[1]

2019-23

655

^[1]

Years 2014 Through 2018

Subsidies expected to be received under the 2003 Medicare Act

Years 2019 Through 2023