Document And Entity Information - USD ($) $ in Billions |
12 Months Ended | ||
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Dec. 30, 2017 |
Feb. 06, 2018 |
Jun. 10, 2016 |
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Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 30, 2017 | ||
Trading Symbol | PEP | ||
Entity Registrant Name | PEPSICO INC | ||
Entity Central Index Key | 0000077476 | ||
Entity Common Stock, Shares Outstanding | 1,419,908,267 | ||
Entity Public Float | $ 166.5 | ||
Document Fiscal Year Focus | 2017 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --12-30 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | Yes |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition Document and Entity Information [Abstract] No definition available.
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Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
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Income Statement [Abstract] | ||||||||
Net Revenue | $ 63,525 | $ 62,799 | $ 63,056 | |||||
Cost of sales | 28,785 | 28,209 | 28,731 | |||||
Gross Profit | 34,740 | 34,590 | 34,325 | |||||
Selling, general and administrative expenses | 24,231 | 24,805 | 24,613 | |||||
Venezuela impairment charges | 0 | 0 | 1,359 | |||||
Operating Profit | [1] | 10,509 | 9,785 | 8,353 | ||||
Interest expense | (1,151) | (1,342) | (970) | |||||
Interest and Other Income | 244 | 110 | 59 | |||||
Income before income taxes | 9,602 | 8,553 | 7,442 | |||||
Provision for income taxes (See Note 5) | 4,694 | 2,174 | 1,941 | |||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 4,908 | 6,379 | 5,501 | |||||
Less: Net income attributable to noncontrolling interests | 51 | 50 | 49 | |||||
Net Income Attributable to PepsiCo | $ 4,857 | $ 6,329 | $ 5,452 | |||||
Net Income Attributable to PepsiCo per Common Share | ||||||||
Basic | $ 3.40 | $ 4.39 | $ 3.71 | |||||
Diluted | $ 3.38 | $ 4.36 | $ 3.67 | |||||
Weighted-average common shares outstanding | ||||||||
Basic | [2] | 1,425 | 1,439 | 1,469 | ||||
Diluted | [2] | 1,438 | 1,452 | 1,485 | ||||
Cash dividends declared per common share | $ 3.1675 | $ 2.96 | $ 2.7625 | |||||
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- Definition Venezuela impairment charges No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount, after tax and reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in other comprehensive income, after tax, from changes classified as other. No definition available.
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- Definition Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Provisional net tax expense related to the TCJ Act No definition available.
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- Definition Reduction of cash due to Venezuela deconsolidation No definition available.
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- Definition Tingyi Charge No definition available.
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- Definition Venezuela impairment charges No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period of the sum of amounts due within one year (or one business cycle) from customers for the credit sale of goods and services; and from note holders for outstanding loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
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- Definition Amount of cash (inflow) outflow from investing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount paid (received) by the reporting entity through acquisition or sale and maturities of short-term investments with an original maturity that is three months or less which qualify for treatment as an investing activity based on management's intention and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to reacquire callable preferred stock which is identified as being convertible to another type of financial security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of payment for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost (reversal of cost) for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the amount received from the sale of a business segment or subsidiary or sale of an entity that is related to it but not strictly controlled during the period (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) from financing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The cash inflow from a borrowing net of the cash outflow from repayment of a borrowing having initial term of repayment within three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the sale or maturity (principal being due) of securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from a borrowing having initial term of repayment of more than three months but less than one year or one operating cycle (if the normal cycle is more than one year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash outflow for the payment of debt classified as other, maturing after one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow from a repayment of a borrowing having initial term of repayment of more than three months but less than one year or one operating cycle (if the normal cycle is more than one year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan and expenses resulting from the write-down of assets. Excludes expenses related to a business combination, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date for goodwill and indefinite lived intangible assets. No definition available.
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- Definition The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions |
Dec. 30, 2017 |
Dec. 31, 2016 |
---|---|---|
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.0167 | $ 0.0167 |
Common stock, authorized | 3,600 | 3,600 |
Common stock, issued | 1,420 | 1,428 |
Repurchased common stock, shares | 446 | 438 |
X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Consolidated Statement of Equity - USD ($) $ in Millions |
Total |
Preferred Stock |
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 |
||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Stockholders' Equity Attributable to Noncontrolling Interest | $ 110 | |||||||||||||||
Stockholders' Equity Attributable to Parent at Dec. 27, 2014 | $ 181 | $ (25) | $ (4,115) | $ (49,092) | $ 10,669 | $ 24,985 | ||||||||||
Stock Repurchased During Period, Value | $ (4,999) | |||||||||||||||
Stock Repurchased During Period, Shares | (40,000,000) | (52,000,000) | ||||||||||||||
Preferred Stock, Shares Issued, Beginning of year at Dec. 27, 2014 | (700,000) | |||||||||||||||
Preferred Stock, Shares Issued, End of year at Dec. 26, 2015 | 800,000 | (700,000) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Redemptions (in shares) | 0 | |||||||||||||||
Redemptions | $ (5) | |||||||||||||||
Balance, outstanding, beginning of year (in shares) at Dec. 27, 2014 | 1,488,000,000 | |||||||||||||||
Balance, outstanding, end of year (in shares) at Dec. 26, 2015 | 1,448,000,000 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Share-based compensation expense | 299 | |||||||||||||||
Stock Options Exercises RSUs and Performance Stock Units Converted | [1] | (182) | ||||||||||||||
Adjustments Related to Tax Withholding for Share-based Compensation | (151) | |||||||||||||||
Other | (5) | |||||||||||||||
Balance, beginning of year (in shares) at Dec. 27, 2014 | (378,000,000) | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Share repurchases | $ (1) | |||||||||||||||
Stock option exercises (in shares) | 12,000,000 | |||||||||||||||
Other (in shares) | 0 | |||||||||||||||
Balance, end of year (in shares) at Dec. 26, 2015 | (418,000,000) | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Stock option exercises, RSUs, PSUs and PEPunits converted | $ 794 | |||||||||||||||
Other comprehensive income/(loss) attributable to PepsiCo | (2,650) | |||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest | $ 49 | 49 | ||||||||||||||
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | (48) | |||||||||||||||
Currency translation adjustment | (2) | |||||||||||||||
Other | 5 | (2) | ||||||||||||||
Dividends, Common Stock, Cash | (4,071) | |||||||||||||||
Dividends, Preferred Stock, Cash | (1) | |||||||||||||||
Balance, end of year at Dec. 26, 2015 | 12,030 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Net income | 5,452 | 5,452 | ||||||||||||||
Stockholders' Equity Attributable to Parent at Dec. 26, 2015 | $ 186 | $ (24) | (4,076) | (50,472) | 13,319 | 29,185 | $ (12,068) | |||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Stock option exercises/RSUs converted, tax benefit | 107 | |||||||||||||||
Preferred Stock, Value, Outstanding | $ 41 | |||||||||||||||
Stockholders' Equity Attributable to Noncontrolling Interest | 107 | |||||||||||||||
Stock Repurchased During Period, Value | $ (3,000) | |||||||||||||||
Stock Repurchased During Period, Shares | (20,000,000) | (29,000,000) | ||||||||||||||
Preferred Stock, Shares Issued, End of year at Dec. 31, 2016 | 803,953 | (700,000) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Redemptions | $ (6) | |||||||||||||||
Balance, outstanding, end of year (in shares) at Dec. 31, 2016 | 1,428,000,000 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Share-based compensation expense | 289 | |||||||||||||||
Stock Options Exercises RSUs and Performance Stock Units Converted | [1] | (138) | ||||||||||||||
Adjustments Related to Tax Withholding for Share-based Compensation | (130) | |||||||||||||||
Other | (6) | |||||||||||||||
Share repurchases | $ 0 | |||||||||||||||
Stock option exercises (in shares) | 9,000,000 | |||||||||||||||
Balance, end of year (in shares) at Dec. 31, 2016 | (438,000,000) | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Stock option exercises, RSUs, PSUs and PEPunits converted | $ 712 | |||||||||||||||
Other comprehensive income/(loss) attributable to PepsiCo | (600) | |||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest | 50 | 50 | ||||||||||||||
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | (55) | |||||||||||||||
Currency translation adjustment | 4 | |||||||||||||||
Other | 5 | (2) | ||||||||||||||
Dividends, Common Stock, Cash | (4,282) | |||||||||||||||
Dividends, Preferred Stock, Cash | (1) | |||||||||||||||
Balance, end of year at Dec. 31, 2016 | 11,199 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Net income | 6,329 | 6,329 | ||||||||||||||
Stockholders' Equity Attributable to Parent at Dec. 31, 2016 | 11,246 | $ 192 | $ (24) | (4,091) | (52,518) | 13,919 | (31,468) | (11,246) | ||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Stock option exercises/RSUs converted, tax benefit | 110 | |||||||||||||||
Preferred Stock, Value, Outstanding | 41 | $ 41 | ||||||||||||||
Stockholders' Equity Attributable to Noncontrolling Interest | $ 104 | 104 | ||||||||||||||
Stock Repurchased During Period, Value | $ (2,000) | |||||||||||||||
Stock Repurchased During Period, Shares | (8,000,000) | (18,000,000) | ||||||||||||||
Preferred Stock, Shares Issued, End of year at Dec. 30, 2017 | 803,953 | (700,000) | ||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Redemptions (in shares) | 0 | |||||||||||||||
Redemptions | $ (5) | |||||||||||||||
Balance, outstanding, end of year (in shares) at Dec. 30, 2017 | 1,420,000,000 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Share-based compensation expense | 290 | |||||||||||||||
Stock Options Exercises RSUs and Performance Stock Units Converted | [1] | (236) | ||||||||||||||
Adjustments Related to Tax Withholding for Share-based Compensation | (145) | |||||||||||||||
Other | (4) | |||||||||||||||
Stock option exercises (in shares) | 7,136,000 | [2] | 10,000,000 | |||||||||||||
Other (in shares) | 0 | |||||||||||||||
Balance, end of year (in shares) at Dec. 30, 2017 | (446,000,000) | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Stock option exercises, RSUs, PSUs and PEPunits converted | $ 708 | |||||||||||||||
Other comprehensive income/(loss) attributable to PepsiCo | 862 | |||||||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest | $ 51 | 51 | ||||||||||||||
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | (62) | |||||||||||||||
Other | 3 | (1) | ||||||||||||||
Dividends, Common Stock, Cash | (4,536) | |||||||||||||||
Balance, end of year at Dec. 30, 2017 | 10,981 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Net income | 4,857 | 4,857 | ||||||||||||||
Stockholders' Equity Attributable to Parent at Dec. 30, 2017 | 11,045 | $ 197 | $ (24) | $ (3,996) | $ (52,839) | $ 13,057 | $ (32,757) | $ (11,045) | ||||||||
Preferred Stock, Value, Outstanding | 41 | $ 41 | ||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||||
Stockholders' Equity Attributable to Noncontrolling Interest | $ 92 | $ 92 | ||||||||||||||
|
X | ||||||||||
- Definition Number of shares of other changes in treasury stock during the period. No definition available.
|
X | ||||||||||
- Definition Stock Options Exercises RSUs PSUS Pepunits Converted No definition available.
|
X | ||||||||||
- Definition The amount of adjustment to stockholders' equity associated with an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. No definition available.
|
X | ||||||||||
- Definition Amount of other increase (decrease) in additional paid in capital (APIC). No definition available.
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X | ||||||||||
- Definition Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
|
X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Value of stock issued as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Equity impact of the value of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
|
X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Basis of Presentation and Our Divisions |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis Of Presentation and Our Divisions | Note 1 — Basis of Presentation and Our Divisions Basis of Presentation The accompanying financial statements have been prepared in accordance with U.S. GAAP and 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. Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw materials 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 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, share-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. Effective as of the end of the third quarter of 2015, we deconsolidated our Venezuelan subsidiaries from our consolidated financial statements and began accounting for our investments in our wholly-owned Venezuelan subsidiaries and joint venture using the cost method of accounting. See subsequent discussion of “Venezuela.” Our fiscal year ends on the last Saturday of each December, resulting in an additional week of results every five or six years. Our fiscal 2016 results included an extra week. While our North America results are reported on a weekly calendar basis, most of our international operations report on a monthly calendar basis. Certain operations in our ESSA segment report on a weekly calendar basis. The following chart details our quarterly reporting schedule:
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. Unless otherwise noted, tabular dollars are in millions, except per share amounts. All per share amounts reflect common per share amounts, assume dilution unless otherwise noted, and are based on unrounded amounts. Certain reclassifications were made to the prior years’ financial statements to conform to the current year presentation, including the adoption of the recently issued accounting pronouncements disclosed in Note 2. Our Divisions Through our operations, authorized bottlers, contract manufacturers and other third parties, we make, market, distribute and sell a wide variety of convenient and enjoyable beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories with our largest operations in North America, Mexico, Russia, 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 and are considered our reportable segments. For additional unaudited information on our divisions, see “Our Operations” contained in “Item 1. Business.” The accounting policies for the divisions are the same as those described in Note 2, except for the following allocation methodologies:
Share-Based Compensation Expense Our divisions are held accountable for share-based compensation expense and, therefore, this expense is allocated to our divisions as an incremental employee compensation cost. The allocation of share-based compensation expense in 2017 was approximately 13% to FLNA, 1% to QFNA, 18% to NAB, 7% to Latin America, 9% to ESSA, 9% to AMENA and 43% to corporate unallocated expenses. In 2016, the allocation of share-based compensation expense was approximately 14% to FLNA, 2% to QFNA, 22% to NAB, 7% to Latin America, 11% to ESSA, 10% to AMENA and 34% to corporate unallocated expenses. We had similar allocations of share-based compensation expense to our divisions in 2015. 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 fixed discount rates, as well as amortization of costs related to certain pension plan amendments and gains and losses due to demographics (including mortality assumptions and salary experience) are reflected in division results. Division results also include interest costs, measured at fixed discount rates, 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 included in division results and total service costs determined using the plans’ discount rates as disclosed in Note 7. Derivatives We centrally manage commodity derivatives on behalf of our divisions. These commodity derivatives include agricultural products, energy and metals. Commodity derivatives that do not qualify for hedge accounting treatment 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 operating profit. 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/(loss) of each division are as follows:
Corporate Unallocated 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 initiatives and certain other items. Other Division Information Total assets and capital spending of each division are as follows:
Amortization of intangible assets and depreciation and other amortization of each division are as follows:
Net revenue and long-lived assets by country are as follows:
Venezuela Due to exchange restrictions and other conditions that significantly impact our ability to effectively manage our businesses in Venezuela and realize earnings generated by our Venezuelan businesses, effective at the end of the third quarter of 2015, we deconsolidated our Venezuelan subsidiaries and began accounting for our investments in our Venezuelan subsidiaries and joint venture using the cost method of accounting. We recorded pre- and after-tax charges of $1.4 billion in our income statement to reduce the value of the cost method investments to their estimated fair values, resulting in a full impairment. The factors that led to our conclusions at the end of the third quarter of 2015 continued to exist through the end of 2017. We do not have any guarantees related to our Venezuelan entities, and our ongoing contractual commitments to our Venezuelan businesses are not material. We will recognize income from dividends and sales of inventory to our Venezuelan entities, which have not been and are not expected to be material, to the extent cash in U.S. dollars is received. We have not received any cash in U.S. dollars from our Venezuelan entities since our deconsolidation at the end of the third quarter of 2015. We continue to monitor the conditions in Venezuela and their impact on our accounting and disclosures. For further unaudited information, see “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. |
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- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Our Significant Accounting Policies |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
Our Significant Accounting Policies | Our Significant Accounting Policies Revenue Recognition We recognize revenue upon shipment or delivery to our customers based on written sales terms that do not allow for a right of return. However, our policy for DSD and certain chilled products is to remove and replace damaged and out-of-date products from store shelves to ensure that 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. As a result, we record reserves, based on estimates, for anticipated damaged and out-of-date products. Our products are sold for cash or on credit terms. Our credit terms, which are established in accordance with local and industry practices, typically require payment within 30 days of delivery in the United States, and generally within 30 to 90 days internationally, and may allow discounts for early payment. We estimate and reserve for our bad debt exposure based on our experience with past due accounts and collectibility, the aging of accounts receivable and our analysis of customer data. Bad debt expense is classified within selling, general and administrative expenses in our income statement. We are exposed to concentration of credit risk from our major customers, including Walmart. In 2017, sales to Walmart (including Sam’s) represented approximately 13% of our consolidated net revenue, including concentrate sales to our independent bottlers, which were used in finished goods sold by them to Walmart. 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 include payments to customers for performing 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. Sales incentives and discounts also include support provided to our independent bottlers. A number of our sales incentives, such as bottler funding to independent bottlers and customer volume rebates, are based on annual targets, and accruals are established during the year for the expected payout. These accruals are based on contract terms and our historical experience with similar programs and require management judgment with respect to estimating customer participation and performance levels. Differences between estimated expense and actual incentive costs are normally insignificant and are recognized in earnings in the period such differences are determined. In addition, certain advertising and marketing costs are also based on annual targets and recognized during the year as incurred. The terms of most of our incentive arrangements do not exceed a year, and, therefore, do not require highly uncertain long-term estimates. Certain arrangements, such as fountain pouring rights, may extend beyond one year. Up-front payments to customers under these arrangements are recognized over the shorter of the economic or contractual life, primarily as a reduction of revenue, and the remaining balances of $262 million as of December 30, 2017 and $291 million as of December 31, 2016 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 Customers” in “Item 1. Business” and “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. For interim reporting, our policy is to allocate our forecasted full-year sales incentives for most of our programs to each of our interim reporting periods in the same year that benefits from the programs. The allocation methodology is based on our forecasted sales incentives for the full year and the proportion of each interim period’s actual gross revenue or volume, as applicable, to our forecasted annual gross revenue or volume, as applicable. Based on our review of the forecasts at each interim period, any changes in estimates and the related allocation of sales incentives are recognized beginning in the interim period that they are identified. In addition, we apply a similar allocation methodology for interim reporting purposes for certain advertising and other marketing activities. Our annual financial statements are not impacted by this interim allocation methodology. Advertising and other marketing activities, reported as selling, general and administrative expenses, totaled $4.1 billion in 2017, $4.2 billion in 2016 and $3.9 billion in 2015, including advertising expenses of $2.4 billion in 2017, $2.5 billion in 2016 and $2.4 billion in 2015. Deferred advertising costs are not expensed until the year first used and consist of:
Deferred advertising costs of $46 million and $32 million as of December 30, 2017 and December 31, 2016, respectively, are classified as prepaid expenses and other current assets on our balance sheet. Distribution Costs Distribution costs, including the costs of shipping and handling activities, which include certain merchandising activities, are reported as selling, general and administrative expenses. Shipping and handling expenses were $9.9 billion in 2017, $9.7 billion in 2016 and $9.4 billion in 2015. 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(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 projects and (iii) interest costs incurred while developing internal-use computer software. Capitalized software costs are included in property, plant and equipment on our balance sheet and amortized on a straight-line basis when placed into service over the estimated useful lives of the software, which approximate five to 10 years. Software amortization totaled $224 million in 2017, $214 million in 2016 and $202 million in 2015. Net capitalized software and development costs were $686 million and $791 million as of December 30, 2017 and December 31, 2016, respectively. 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 unaudited information on our commitments, see “Our Liquidity and Capital Resources” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Research and Development We engage in a variety of research and development activities and continue to invest to accelerate growth and to drive innovation globally. Consumer research is excluded from research and development costs and included in other marketing costs. Research and development costs were $737 million, $760 million and $754 million in 2017, 2016 and 2015, respectively, and are reported within selling, general and administrative expenses. See “Research and Development” in “Item 1. Business” for additional unaudited information about our research and development activities. Goodwill and Other Intangible Assets Indefinite-lived intangible assets and goodwill are not amortized and are assessed for impairment at least annually, using either a qualitative or quantitative approach. We perform this annual assessment during our third quarter. Where we use the qualitative assessment, first we determine if, based on qualitative factors, it is more likely than not that an impairment exists. Factors considered include macroeconomic, industry and competitive conditions, legal and regulatory environment, historical financial performance and significant changes in the brand or reporting unit. If the qualitative assessment indicates that it is more likely than not that an impairment exists, then a quantitative assessment is performed. In the quantitative assessment of indefinite-lived intangible assets, if the carrying amount of the indefinite-lived intangible asset exceeds its estimated fair value, as determined by its discounted cash flows, an impairment loss is recognized in an amount equal to that excess. Quantitative assessment of goodwill is performed using a two-step impairment test at the reporting unit level. A reporting unit can be a division or business within a division. The first step compares the carrying value of a reporting unit, including goodwill, with its estimated fair value, as determined by its discounted cash flows. If the carrying value of a reporting unit exceeds its estimated fair value, we complete the second step to determine the amount of goodwill impairment loss that we should record, if any. In the second step, we determine an implied fair value of the reporting unit’s goodwill by allocating the estimated fair value of the reporting unit to all of the assets and liabilities other than goodwill (including any unrecognized intangible assets). The amount of impairment loss is equal to the excess of the carrying value of the goodwill over the implied fair value of that goodwill. The quantitative assessment described above requires an analysis of several estimates including future cash flows or income consistent with management’s strategic business plans, annual sales growth rates, perpetuity growth assumptions and the selection of assumptions underlying a discount rate (weighted average cost of capital) based on market data available at the time. Significant management judgment is necessary to estimate the impact of competitive operating, macroeconomic and other factors to estimate future levels of sales, operating profit or cash flows. All assumptions used in our impairment evaluations for nonamortizable intangible assets, such as forecasted growth rates and weighted-average cost of capital, are based on the best available market information and are consistent with our internal forecasts and operating plans. Amortizable intangible assets are only evaluated for impairment upon a significant change in the operating or macroeconomic environment. If an evaluation of the undiscounted future cash flows indicates impairment, the asset is written down to its estimated fair value, which is based on its discounted future cash flows. See also 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. Other Significant Accounting Policies Our other significant accounting policies are disclosed as follows:
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Our Significant Accounting Policies Recently Issued Accounting Pronouncements (Notes) |
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New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements - Adopted In 2017, the SEC issued guidance related to the TCJ Act which allows recording of provisional tax expense using a measurement period, not to exceed one year, when information necessary to complete the accounting for the effects of the TCJ Act is not available. We elected to apply the measurement period provisions of this guidance to certain income tax effects of the TCJ Act when it became effective during our fourth quarter of 2017, resulting in a provisional net tax expense of $2.5 billion. This provisional net tax expense was recorded based on information available to us prior to the issuance of our 2017 consolidated financial statements, may be subject to further revision as disclosed in Note 5, and will be finalized no later than the end of 2018. In 2016, the Financial Accounting Standards Board (FASB) issued guidance that changes the accounting for certain aspects of share-based payments to employees. We adopted the provisions of this guidance during our first quarter of 2017, resulting in the following impacts to our financial statements:
The guidance also allows for the employer to repurchase more of an employee’s shares, up to the maximum statutory rate, for tax withholding purposes and not classify the award as a liability that requires valuation on a mark-to-market basis. Our accounting treatment for outstanding awards was not impacted by our adoption of this provision. In addition, the guidance allows for a policy election to account for forfeitures as they occur. We will continue to apply our policy of estimating forfeitures. In 2016, the FASB issued guidance that eliminates the requirement that an investor retrospectively apply equity method accounting for an investment originally accounted for by another method. The guidance requires that an equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investor’s ability to exercise significant influence over the investment is achieved. We adopted the provisions of this guidance prospectively during our first quarter of 2017; the adoption did not impact our financial statements. In 2015, the FASB issued guidance that requires companies to classify all deferred tax assets and liabilities as noncurrent on the balance sheet. We adopted the provisions of this guidance retrospectively during our first quarter of 2017, resulting in the reclassification of $639 million of deferred taxes from current to non-current on our balance sheet as of December 31, 2016. Recently Issued Accounting Pronouncements - Not Yet Adopted [In 2018, the FASB issued guidance related to the TCJ Act for the optional reclassification of the residual tax effects, arising from the change in the corporate tax rate, in accumulated other comprehensive loss to retained earnings. The reclassification would be the difference between the amount previously recorded in other comprehensive income at the historical U.S. federal tax rate that remains in accumulated other comprehensive loss at the time the TCJ Act was effective, and the amount that would have been recorded using the newly enacted rate. If elected, the guidance can be applied retrospectively to each period during which the impact of the TCJ Act is recognized or in the period of adoption. The guidance is effective in 2019 with early adoption permitted. We are currently evaluating the impact and adoption of this guidance.] In 2017, the FASB issued guidance to amend and simplify the application of hedge accounting guidance to better portray the economic results of risk management activities in the financial statements. The guidance expands the ability to hedge nonfinancial and financial risk components, reduces complexity in fair value hedges of interest rate risk, eliminates the requirement to separately measure and report hedge ineffectiveness, as well as eases certain hedge effectiveness assessment requirements. The guidance is effective beginning in 2019 with early adoption permitted. We are currently evaluating the impact of this guidance, including transition elections and required disclosures, on our financial statements and the timing of adoption. In 2017, the FASB issued guidance that requires companies to retrospectively present the service cost component of net periodic benefit cost for pension and retiree medical plans along with other compensation costs in operating profit and present the other components of net periodic benefit cost below operating profit in the income statement. The guidance also allows only the service cost component of net periodic benefit cost to be eligible for capitalization within inventory or fixed assets on a prospective basis. We will adopt the guidance when it becomes effective in the first quarter of 2018. We will also update our allocation of service costs to our divisions starting in 2018 to better approximate actual service cost. In connection with this adoption, we expect to record a decrease in operating profit of $233 million for the year ended December 30, 2017 and an increase in operating profit of $19 million for the year ended December 31, 2016, primarily impacting selling, general and administrative expenses. See Note 7 for further information on our service cost and other components of net periodic benefit cost for pension and retiree medical plans. In 2016, the FASB issued guidance to clarify how restricted cash should be presented in the cash flow statement. We will adopt the guidance when it becomes effective in the first quarter of 2018. The guidance is not expected to have a material impact on our financial statements. In 2016, the FASB issued guidance that requires companies to account for the income tax effects of intercompany transfers of assets, other than inventory, when the transfer occurs versus deferring income tax effects until the transferred asset is sold to an outside party or otherwise recognized. We will adopt the guidance when it becomes effective in the first quarter of 2018. The guidance is not expected to have a material impact on our financial statements. In 2016, the FASB issued guidance that requires lessees to recognize most leases on the balance sheet, but record expenses on the income statement in a manner similar to current accounting. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The guidance is effective beginning in 2019 with early adoption permitted. We are currently evaluating the impact of this guidance on our financial statements and related disclosures, including the increase in the assets and liabilities on our balance sheet and the impact on our current lease portfolio from both a lessor and lessee perspective. To facilitate this, we are utilizing a comprehensive approach to review our lease portfolio, as well as assessing system requirements and control implications. We have identified our significant leases by geography and by asset type that will be impacted by the new guidance, as well as a software tool to begin tracking the requirements of the guidance. In addition, we are currently evaluating the timing of adoption of this guidance. See Note 13 for our minimum lease payments under non-cancelable operating leases. In 2016, the FASB issued guidance that requires companies to measure investments in certain equity securities at fair value and recognize any changes in fair value in net income. We will adopt the guidance when it becomes effective in the first quarter of 2018. The guidance is not expected to have a material impact on our financial statements. In the second quarter of 2017, we sold our minority stake in Britvic, representing all of our available-for-sale equity securities, which reduced the risk and volatility of these investments in our income statement in the future. See Note 9 for further information on our available-for-sale securities. In 2014, the FASB issued guidance on revenue recognition, with final amendments issued in 2016. The guidance provides for a five-step model to determine the revenue recognized for the transfer of goods or services to customers that reflects the expected entitled consideration in exchange for those goods or services. It also provides clarification for principal versus agent considerations and identifying performance obligations. In addition, the FASB introduced practical expedients related to disclosures of remaining performance obligations, as well as other amendments related to guidance on collectibility, non-cash consideration and the presentation of sales and other similar taxes. Financial statement disclosures required under the guidance will enable users to understand the nature, amount, timing, judgments and uncertainty of revenue and cash flows relating to customer contracts. The two permitted transition methods under the guidance are the full retrospective approach or a cumulative effect adjustment to the opening retained earnings in the year of adoption (cumulative effect approach). We will adopt the guidance using the cumulative effect approach when it becomes effective in the first quarter of 2018. We are utilizing a comprehensive approach to assess the impact of the guidance on our contract portfolio by reviewing our current accounting policies and practices to identify potential differences that would result from applying the new requirements to our revenue contracts, including evaluation of our performance obligations, principal versus agent considerations and variable consideration. We are substantially complete with our contract and business process reviews and implemented changes to our controls to support recognition and disclosures under the new guidance. As a result of implementing certain changes to our accounting policies upon adoption, we plan to record an adjustment to opening retained earnings to reflect marketplace spending that our customers and independent bottlers expect to be entitled to in line with revenue recognition; exclude all sales, use, value-added and certain excise taxes assessed by governmental authorities on revenue-producing transactions from net revenue and cost of sales; and to record shipping and handling activities that are performed after a customer obtains control of the product as a fulfillment cost. Based on the foregoing, we currently do not expect this guidance to have a material impact on our financial statements or disclosures. |
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Restructuring, Impairment and Integration Charges |
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Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring, Impairment And Integration Charges | Restructuring and Impairment Charges A summary of our restructuring and impairment charges and other productivity initiatives is as follows:
2014 Multi-Year Productivity Plan The 2014 Productivity Plan, publicly announced on February 13, 2014, 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. To build on the successful implementation of the 2014 Productivity Plan to date, we expanded and extended the program through December 28, 2019 to take advantage of additional opportunities within the initiatives described above to further strengthen our food, snack and beverage businesses. In 2017, 2016 and 2015, we incurred restructuring charges of $295 million ($224 million after-tax or $0.16 per share), $160 million ($131 million after-tax or $0.09 per share) and $169 million ($134 million after-tax or $0.09 per share), respectively, 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, asset impairments (all non-cash), and other costs associated with the implementation of our initiatives, including contract termination costs. Substantially all of the restructuring accrual at December 30, 2017 is expected to be paid by the end of 2018. A summary of our 2014 Productivity Plan charges is as follows:
Since the inception of the 2014 Productivity Plan, we incurred restructuring charges of $1,034 million:
A summary of our 2014 Productivity Plan activity is as follows:
2012 Multi-Year Productivity Plan The 2012 Productivity Plan, publicly announced on February 9, 2012, included actions in every aspect of our business that we believe would strengthen our complementary food, snack and beverage businesses. In 2015, we incurred restructuring charges of $61 million ($50 million after-tax or $0.03 per share) in conjunction with our 2012 Productivity Plan. All of these charges were recorded in selling, general and administrative expenses and primarily related to severance and other employee-related costs, asset impairments (all non-cash) and contract termination costs. The 2012 Productivity Plan was completed in 2016 and all cash payments were paid by the end of 2016. A summary of our 2012 Productivity Plan charges in 2015 is as follows:
Since the inception of the 2012 Productivity Plan, we incurred restructuring charges of $894 million:
A summary of our 2012 Productivity Plan activity is as follows:
Other Productivity Initiatives There were no material charges related to other productivity and efficiency initiatives outside the scope of the 2014 and 2012 Productivity Plans in 2017 and 2016. In 2015, we incurred charges of $90 million ($66 million after-tax or $0.04 per share) related to other productivity and efficiency initiatives outside the scope of the 2014 and 2012 Productivity Plans. These charges were recorded in selling, general and administrative expenses and primarily reflect severance and other employee-related costs and asset impairments (all non-cash). These initiatives were not included in items affecting comparability. We regularly evaluate different productivity initiatives beyond the productivity plans and other initiatives described above. See additional unaudited information in “Items Affecting Comparability” and “Results of Operations – Division Review” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. No definition available.
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Property, Plant and Equipment and Intangible Assets |
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Property, Plant and Equipment and Intangible Assets | Property, Plant and Equipment and Intangible Assets A summary of our property, plant and equipment is as follows:
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 is as follows:
Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 30, 2017 and using average 2017 foreign exchange rates, is expected to be as follows:
Depreciable and amortizable assets are 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 We did not recognize any impairment charges for goodwill in each of the fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015. We recognized no material impairment charges for nonamortizable intangible assets in each of the fiscal years ended December 30, 2017, December 31, 2016 and December 26, 2015. As of December 30, 2017, the estimated fair values of our indefinite-lived reacquired and acquired franchise rights recorded at NAB exceeded their carrying values. However, there could be an impairment of the carrying value of NAB’s reacquired and acquired franchise rights if future revenues and their contribution to the operating results of NAB’s CSD business do not achieve our expected future cash flows or if macroeconomic conditions result in a future increase in the weighted-average cost of capital used to estimate fair value. We have also analyzed the impact of the macroeconomic conditions in Russia and Brazil on the estimated fair value of our indefinite-lived intangible assets in these countries and have concluded that there is no impairment as of December 30, 2017. However, there could be an impairment of the carrying value of certain brands in these countries if there is a deterioration in these conditions, if future revenues and their contributions to the operating results do not achieve our expected future cash flows or if macroeconomic conditions result in a future increase in the weighted-average cost of capital used to estimate fair value. For additional information on our policies for nonamortizable intangible assets, see Note 2. The change in the book value of nonamortizable intangible assets is as follows:
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes |
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Income Tax Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes | Income Taxes The components of income before income taxes are as follows:
A reconciliation of the U.S. Federal statutory tax rate to our annual tax rate is as follows:
Tax Cuts and Jobs Act During the fourth quarter of 2017, the TCJ Act was enacted in the United States. Among its many provisions, the TCJ Act imposed a mandatory one-time transition tax on undistributed international earnings and reduced the U.S. corporate income tax rate from 35% to 21%, effective January 1, 2018. As a result of the enactment of the TCJ Act, we recognized a provisional net tax expense of $2.5 billion in the fourth quarter of 2017. See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Included in the provisional net tax expense of $2.5 billion is a provisional mandatory one-time transition tax of approximately $4 billion on undistributed international earnings, included in other liabilities. This provisional mandatory one-time transition tax was partially offset by a provisional $1.5 billion benefit resulting from the required remeasurement of our deferred tax assets and liabilities to the new, lower U.S. corporate income tax rate, effective January 1, 2018. The effect of the remeasurement was recorded in the fourth quarter of 2017, consistent with the enactment date of the TCJ Act, and reflected in our provision for income taxes. The TCJ Act also creates a new requirement that certain income earned by foreign subsidiaries, known as GILTI, must be included in the gross income of their U.S. shareholder. The FASB allows an accounting policy election of either recognizing deferred taxes for temporary differences expected to reverse as GILTI in future years or recognizing such taxes as a current-period expense when incurred. Due to the complexity of calculating GILTI under the new law, we have not determined which method we will apply. Therefore, we have not made any adjustments related to potential GILTI tax in our financial statements. We expect to elect an accounting policy in the first quarter of 2018. The components of the provisional net tax expense recorded in 2017 are based on currently available information and additional information needs to be prepared, obtained and/or analyzed to determine the final amounts. The provisional tax expense for the mandatory repatriation of undistributed international earnings will require further analysis of certain foreign exchange gains or losses, substantiation of foreign tax credits, as well as estimated cash and cash equivalents as of November 30, 2018, the tax year-end of our foreign subsidiaries. The provisional tax benefit for the remeasurement of deferred taxes will require additional information necessary for the preparation of our U.S. federal tax return, and further analysis and interpretation of certain provisions of the TCJ Act impacting deferred taxes, for example 100% expensing of qualified assets as well as our accounting policy election for recognizing deferred taxes for GILTI, could impact our deferred tax balance as of December 30, 2017. Tax effects for these items will be recorded in subsequent quarters, as discrete adjustments to our income tax provision, once complete. The SEC has issued guidance that allows for a measurement period of up to one year after the enactment date of the TCJ Act to finalize the recording of the related tax impacts. We currently anticipate finalizing and recording any resulting adjustments by the end of 2018. The recorded impact of the TCJ Act is provisional and the final amount may differ, possibly materially, due to, among other things, changes in estimates, interpretations and assumptions we have made, changes in IRS interpretations, the issuance of new guidance, legislative actions, changes in accounting standards or related interpretations in response to the TCJ Act and future actions by states within the United States that have not currently adopted the TCJ Act. For further unaudited information and discussion of the potential impact of the TCJ Act, refer to “Item 1A. Risk Factors,” “Our Business Risks,” “Our Liquidity and Capital Resources” and “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Deferred tax liabilities and assets are comprised of the following: Deferred Tax Liabilities
A summary of our valuation allowance activity is as follows:
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:
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 2015, we reached an agreement with the IRS resolving substantially all open matters related to the audits of taxable years 2010 and 2011. The agreement resulted in a 2015 non-cash tax benefit totaling $230 million. As of December 30, 2017, the total gross amount of reserves for income taxes, reported in other liabilities, was $2.2 billion. 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 $283 million as of December 30, 2017, of which $89 million of expense was recognized in 2017. The gross amount of interest accrued, reported in other liabilities, was $193 million as of December 31, 2016, of which $61 million of expense was recognized in 2016. A reconciliation of unrecognized tax benefits, is as follows:
Carryforwards and Allowances Operating loss carryforwards totaling $12.6 billion at year-end 2017 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: $0.2 billion in 2018, $11.1 billion between 2019 and 2037 and $1.3 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 30, 2017, we had approximately $42.5 billion of undistributed international earnings. We intend to repatriate approximately $20 billion of our foreign earnings back to the United States and have recognized all tax expense on these earnings in the fourth quarter of 2017. We intend to continue to reinvest the remaining $22.5 billion of earnings outside the United States for the foreseeable future and while U.S. federal tax expense has been recognized as a result of the TCJ Act, no deferred tax liabilities with respect to items such as certain foreign exchange gains or losses, foreign withholding taxes or state taxes have been recognized. It is not practicable for us to determine the amount of unrecognized tax expense on these reinvested international earnings. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-Based Compensation |
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Stock-Based Compensation | -Based Compensation Our share-based compensation program is designed to attract and retain employees while also aligning employees’ interests with the interests of our shareholders. PepsiCo has granted stock options, RSUs, PSUs, PEPunits and long-term cash awards to employees under the shareholder-approved PepsiCo, Inc. Long-Term Incentive Plan (LTIP). 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 stock options receive four stock options for every one RSU that would have otherwise been granted. Certain executive officers and other senior executives do not have a choice and, beginning in 2016, were granted 66% PSUs and 34% long-term cash, each of which are subject to pre-established performance targets. Previously, they were granted a combination of 60% PEPunits measuring both absolute and relative stock price performance and 40% long-term cash based on achievement of specific performance operating metrics. The Company may use authorized and unissued shares to meet share requirements resulting from the exercise of stock options and the vesting of RSUs, PSUs and PEPunits. As of December 30, 2017, 74 million shares were available for future share-based compensation grants under the LTIP. The following table summarizes our total share-based compensation expense:
As of December 30, 2017, there was $314 million of total unrecognized compensation cost related to nonvested share-based compensation grants. This unrecognized compensation cost is expected to be recognized over a weighted-average period of two years. Method of Accounting and Our Assumptions The fair value of share-based award grants is amortized to expense over the vesting period, primarily 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. In addition, we use historical data to estimate forfeiture rates and record share-based compensation expense only for those awards that are expected to vest. We do not backdate, reprice or grant share-based compensation awards retroactively. Repricing of awards would require shareholder approval under the LTIP. Stock Options A stock option permits the holder to purchase shares of PepsiCo common stock at a specified price. We account for our employee stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock option expense at the date of grant. All stock option grants have an exercise price equal to the fair market value of our common stock on the date of grant and generally have a 10-year term. Our weighted-average Black-Scholes fair value assumptions are as follows:
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 option activity for the year ended December 30, 2017 is as follows:
Restricted Stock Units and Performance Stock Units Each RSU represents our obligation to deliver to the holder one share of PepsiCo common stock when the award vests at the end of the service period. PSUs are awards pursuant to which a number of shares are delivered to the holder upon vesting at the end of the service period based on PepsiCo’s performance against specified financial and/or operational performance metrics. The number of shares may be increased to the maximum or reduced to the minimum threshold based on the results of these performance metrics in accordance with the terms established at the time of the award. During the vesting period, RSUs and PSUs accrue dividend equivalents that pay out in cash (without interest) if and when the applicable RSU or PSU vests and becomes payable. The fair value of RSUs is measured at the market price of the Company’s stock on the date of grant. The fair value of PSUs is measured at the market price of the Company’s stock on the date of grant with the exception of awards with market conditions, for which we use the Monte-Carlo simulation model to determine the fair value. The Monte-Carlo simulation 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 these awards are recognized regardless of whether the market condition is satisfied, provided that the requisite service has been provided. A summary of our RSU and PSU activity for the year ended December 30, 2017 is as follows:
PEPunits PEPunits provide an opportunity to earn shares of PepsiCo common stock with a value that adjusts based upon changes in PepsiCo’s absolute stock price as well as PepsiCo’s Total Shareholder Return relative to the S&P 500 over a three-year performance period. The fair value of PEPunits is measured using the Monte-Carlo simulation model. A summary of our PEPunit activity for the year ended December 30, 2017 is as follows:
Long-Term Cash Beginning in 2016, certain executive officers and other senior executives were granted long-term cash awards for which final payout is based on PepsiCo’s Total Shareholder Return relative to a specific set of peer companies and achievement of a specified performance target over a three-year performance period. Long-term cash awards that qualify as liability awards under share-based compensation guidance are valued through the end of the performance period on a mark-to-market basis using the Monte Carlo simulation model until actual performance is determined. A summary of our long-term cash activity for the year ended December 30, 2017 is as follows:
Other Share-Based Compensation Data The following is a summary of other share-based compensation data:
As of December 30, 2017 and December 31, 2016, there were approximately 250,000 and 254,000 outstanding awards, respectively, 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. |
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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Pension, Retiree Medical and Savings Plans |
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Retirement Benefits, Description [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pension, Retiree Medical and Savings Plans | Pension, Retiree Medical and Savings Plans Effective January 1, 2017, the U.S. qualified defined benefit pension plans were reorganized into Plan A and Plan I. Actuarial gains and losses associated with Plan A are amortized over the average remaining service life of the active participants, while the actuarial gains and losses associated with Plan I are amortized over the remaining life expectancy of the inactive participants. As a result of this change, the pre-tax net periodic benefit cost decreased by $42 million ($27 million after-tax, reflecting tax rates effective for the 2017 tax year, or $0.02 per share) in 2017, primarily impacting corporate unallocated expenses. See “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. In 2016, the U.S. qualified defined benefit pension plans purchased a group annuity contract whereby an unrelated insurance company assumed the obligation to pay and administer future annuity payments for certain retirees. In 2016, we made discretionary contributions of $452 million primarily to fund the transfer of the obligation. This transaction triggered a pre-tax settlement charge of $242 million ($162 million after-tax or $0.11 per share). See additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Effective as of the beginning of 2016, we prospectively changed the method we use to estimate the service and interest cost components of net periodic benefit cost. The pre-tax reduction in net periodic benefit cost associated with this change in 2016 was $125 million ($81 million after-tax or $0.06 per share). See “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations for further unaudited information on this change in accounting estimate. 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, as well as changes in our assumptions, are determined at each measurement date. These differences are recognized as a component of net gain or loss in accumulated other comprehensive loss. 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 life for participants in Plan A (approximately 11 years) and retiree medical (approximately 7 years), or the remaining life expectancy for participants in Plan I (approximately 27 years). The cost or benefit of plan changes that increase or decrease benefits for prior employee service (prior service (credit)/cost) is included in earnings on a straight-line basis over the average remaining service life for participants in Plan A or the remaining life expectancy for participants in Plan I. We regularly evaluate different opportunities to reduce risk and volatility associated with our pension and retiree medical plans. Selected financial information for our pension and retiree medical plans is as follows:
The amounts we report as pension and retiree medical cost consist of the following components:
The components of benefit expense are as follows:
The estimated amounts to be amortized from accumulated other comprehensive loss/(gain) into pre-tax expense in 2018 for our pension and retiree medical plans are as follows:
The following table provides the weighted-average assumptions used to determine projected benefit liability and benefit expense for our pension and retiree medical plans:
The following table provides selected information about plans with accumulated benefit obligation and total projected benefit liability in excess of plan assets:
Of the total projected pension benefit liability as of December 30, 2017, approximately $905 million relates to plans that we do not fund because the funding of such plans does not receive favorable tax treatment. Future Benefit Payments Our estimated future benefit payments are as follows:
These future benefit payments to beneficiaries include payments from both funded and unfunded plans. Funding Contributions to our pension and retiree medical plans were as follows:
In February 2018, we received approval from our Board of Directors to make discretionary contributions of $1.4 billion to our U.S. pension plans in 2018 that we intend to invest in fixed income securities. As of February 13, 2018, we contributed $750 million of the approved amount; we expect to contribute the remaining $650 million in the first quarter of 2018. These contributions are reflected in our 2018 long-term expected rate of return on plan assets and target investment allocations. In addition, in 2018, we expect to make non-discretionary contributions of approximately $175 million to our U.S. and international plans for pension benefits and approximately $75 million for retiree medical benefits. Plan Assets Our pension plan investment strategy includes the use of actively managed accounts and is reviewed periodically in conjunction with plan liabilities, an evaluation of market conditions, tolerance for risk and cash requirements for benefit payments. This strategy is also applicable to funds held for the retiree medical plans. Our investment objective includes ensuring that funds are available to meet the plans’ benefit obligations when they become due. Assets contributed to our pension plans are no longer controlled by us, but become the property of our individual pension plans. However, we are indirectly impacted by changes in these plan assets as compared to changes in our projected liabilities. Our overall investment policy 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, such as futures and forward contracts, to reduce interest rate and foreign currency risks. Futures contracts represent commitments to purchase or sell securities at a future date and at a specified price. Forward contracts consist of currency forwards. For 2018 and 2017, our expected long-term rate of return on U.S. plan assets is 7.2% and 7.5%, respectively. Our target investment allocations for U.S. plan assets are as follows:
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. The expected return on plan assets is based on our 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 plan assets, our market-related value of assets for fixed income is the actual fair value. For all other asset categories, such as equity securities, 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. Plan assets measured at fair value as of fiscal year-end 2017 and 2016 are categorized consistently by level, and are as follows:
Retiree Medical Cost Trend Rates
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. A 1-percentage-point change in the assumed health care trend rate would have the following effects:
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 for certain employees on a portion of eligible pay based on years of service. 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 2017, 2016 and 2015, our total Company contributions were $176 million, $164 million and $148 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. |
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- References No definition available.
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- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt Obligations and Commitments |
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Debt Obligations And Commitments | Debt Obligations The following table summarizes the Company’s debt obligations:
In 2017, we issued the following senior notes:
The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper. In 2017, we entered into a new five-year unsecured revolving credit agreement (Five-Year Credit Agreement) which expires on June 5, 2022. The Five-Year Credit Agreement enables us and our borrowing subsidiaries to borrow up to $3.75 billion, subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $4.5 billion. Additionally, we may, once a year, request renewal of the agreement for an additional one-year period. Also in 2017, we entered into a new 364-day unsecured revolving credit agreement (364-Day Credit Agreement) which expires on June 4, 2018. The 364-Day Credit Agreement enables us and our borrowing subsidiaries to borrow up to $3.75 billion, subject to customary terms and conditions. We may request that commitments under this agreement be increased up to $4.5 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 anniversary of the then effective termination date. The Five-Year Credit Agreement and the 364-Day Credit Agreement together replaced our $3.7225 billion five-year credit agreement and our $3.7225 billion 364-day credit agreement both dated as of June 6, 2016. Funds borrowed under the Five-Year Credit Agreement and the 364-Day Credit Agreement may be used for general corporate purposes. Subject to certain conditions, we may borrow, prepay and reborrow amounts under these agreements. As of December 30, 2017, there were no outstanding borrowings under the Five-Year Credit Agreement or the 364-Day Credit Agreement. In 2016, we paid $2.5 billion to redeem all of our outstanding 7.900% senior notes due 2018 and 5.125% senior notes due 2019 for the principal amounts of $1.5 billion and $750 million, respectively, and terminated certain interest rate swaps. As a result, we recorded a pre-tax charge of $233 million ($156 million after-tax or $0.11 per share) to interest expense, primarily representing the premium paid in accordance with the “make-whole” redemption provisions. See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. In addition, as of December 30, 2017, our international debt of $73 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. 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 and long-term contractual commitments. |
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- Definition Debt obligations and commitments No definition available.
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- Definition Debt Obligations and Commitments [Abstract] No definition available.
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Financial Instruments |
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Derivative Instruments and Hedges, Assets [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments | Financial Instruments Derivatives and Hedging We are exposed to market risks arising from adverse changes in:
In the normal course of business, we manage commodity price, foreign exchange and interest rate risks through a variety of strategies, including productivity initiatives, global purchasing programs and hedging. 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 contracts and purchase orders and pricing agreements. Our hedging strategies include the use of derivatives and, in the case of our net investment hedges, debt instruments. 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 cash flow statement. 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. We do not use derivative instruments for trading or speculative purposes. We perform assessments of our counterparty credit risk regularly, including reviewing netting agreements, if any, and 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 derivative instruments, which include swaps and futures. 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. Ineffectiveness for those derivatives that qualify for hedge accounting treatment was not material for all periods presented. Derivatives used to hedge commodity price risk that do not qualify for hedge accounting treatment 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 operating profit. Our commodity derivatives had a total notional value of $0.9 billion as of December 30, 2017 and $0.8 billion as of December 31, 2016. Foreign Exchange Our operations outside of the United States generated 42% of our net revenue in 2017, with Mexico, Russia, Canada, the United Kingdom and Brazil comprising approximately 20% of our net revenue in 2017. As a result, we are exposed to foreign exchange risks in the international markets in which our products are made, manufactured, distributed or sold. Additionally, we are exposed to foreign exchange risk from net investments in foreign subsidiaries, 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. We also use net investment hedges to partially offset the effects of foreign currency on our investments in certain of our foreign subsidiaries. Our foreign currency derivatives had a total notional value of $1.6 billion as of December 30, 2017 and December 31, 2016. The total notional amount of our debt instruments designated as net investment hedges was $1.5 billion as of December 30, 2017 and $0.8 billion as of December 31, 2016. Ineffectiveness for derivatives and non-derivatives that qualify for hedge accounting treatment was not material for all periods presented. For foreign currency derivatives that do not qualify for hedge accounting treatment, all gains and losses were offset by changes in the underlying hedged items, resulting in no material net 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 have 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. Our interest rate derivatives had a total notional value of $14.2 billion as of December 30, 2017 and $11.2 billion as of December 31, 2016. Ineffectiveness for derivatives that qualify for cash flow hedge accounting treatment was not material for all periods presented. As of December 30, 2017, approximately 43% of total debt, after the impact of the related interest rate derivative instruments, was subject to variable rates, compared to approximately 38% as of December 31, 2016. Available-for-Sale Securities Investments in debt and marketable equity securities, other than investments accounted for under the equity method, are classified as available-for-sale. All highly liquid investments with original maturities of three months or less are classified as cash equivalents. Our investments in available-for-sale securities are reported at fair value. Unrealized gains and losses related to changes in the fair value of available-for-sale securities are recognized in accumulated other comprehensive loss within common shareholders’ equity. Unrealized gains and losses on our investments in debt securities as of December 30, 2017 were not material. In 2017, we recorded a pre-tax gain of $95 million ($85 million after-tax or $0.06 per share), net of discount and fees, associated with the sale of our minority stake in Britvic. This gain was recorded in our ESSA segment in selling, general and administrative expenses. The pre-tax unrealized gain on these available-for-sale equity securities was $72 million as of December 31, 2016. See Note 2 for additional information on investments in certain equity securities. Changes in the fair value of available-for-sale securities impact net income only when such securities are sold or an other-than-temporary impairment is recognized. We regularly review our investment portfolio to determine if any security is other-than-temporarily impaired. In making this judgment, we evaluate, among other things, the duration and extent to which the fair value of a security is less than its cost; the financial condition of the issuer and any changes thereto; and our intent to sell, or whether we will more likely than not be required to sell, the security before recovery of its amortized cost basis. Our assessment of whether a security is other-than-temporarily impaired could change in the future due to new developments or changes in assumptions related to any particular security. We recorded no other-than-temporary impairment charges on our available-for-sale securities for the years ended December 30, 2017, December 31, 2016 and December 26, 2015. Tingyi-Asahi Beverages Holding Co. Ltd. During 2016, we concluded that the decline in estimated fair value of our 5% indirect equity interest in TAB was other than temporary based on significant negative economic trends in China and changes in assumptions associated with TAB’s future financial performance arising from the disclosure by TAB’s parent company, Tingyi, regarding the operating results of its beverage business. As a result, we recorded a pre- and after-tax impairment charge of $373 million ($0.26 per share) in 2016 in the AMENA segment. This charge was recorded in selling, general and administrative expenses in our income statement and reduced the value of our 5% indirect equity interest in TAB to its estimated fair value. The estimated fair value was derived using both an income and market approach, and is considered a non-recurring Level 3 measurement within the fair value hierarchy. The carrying value of the investment in TAB was $166 million as of December 30, 2017 and December 31, 2016. We continue to monitor the impact of economic and other developments on the remaining value of our investment in TAB. In connection with our transaction with Tingyi in 2012, we received a call option to increase our holding in TAB to 20% with an expiration date in 2015. Prior to its expiration, we concluded that the probability of exercising the option was remote and, accordingly, we recorded a pre- and after-tax charge of $73 million ($0.05 per share) to write off the recorded value of this call option in 2015. See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Fair Value Measurements The fair values of our financial assets and liabilities as of December 30, 2017 and December 31, 2016 are categorized as follows:
The carrying amounts of our cash and cash equivalents and short-term investments approximate fair value due to their short-term maturity. The fair value of our debt obligations as of December 30, 2017 and December 31, 2016 was $41 billion and $38 billion, respectively, based upon prices of similar instruments in the marketplace, which are considered Level 2 inputs. Losses/(gains) on our hedging instruments are categorized as follows:
Based on current market conditions, we expect to reclassify net losses of $33 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months. |
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- References No definition available.
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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net Income Attributable to PepsiCo per Common Share |
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income Attributable To PepsiCo Per Common Share | Net Income Attributable to PepsiCo per Common Share The computations of basic and diluted net income attributable to PepsiCo per common share are as follows:
Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows:
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- References No definition available.
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Preferred Stock |
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Dec. 30, 2017 | |
Equity [Abstract] | |
Preferred Stock | Preferred Stock As of December 30, 2017 and December 31, 2016, there were 3 million shares of convertible preferred stock authorized. The preferred stock was issued for an ESOP established by Quaker. Quaker made the final award to its ESOP in June 2001. As of December 30, 2017 and December 31, 2016, there were 803,953 preferred shares issued and 114,753 and 122,553 shares outstanding, respectively. The outstanding preferred shares had a fair value of $68 million as of December 30, 2017 and $64 million as of December 31, 2016. Activities of our preferred stock are included in the equity statement. |
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- References No definition available.
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- Definition The entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Loss Attributable to Pepsico |
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | Accumulated Other Comprehensive Loss Attributable to PepsiCo The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows:
The following table summarizes the reclassifications from accumulated other comprehensive loss to the income statement:
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- References No definition available.
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- Definition 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Financial Information |
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Supplemental Financial Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional Financial Information Disclosure [Text Block] | Balance Sheet
Statement of Cash Flows
Note 8. Lease Information
Minimum lease payments under non-cancelable operating leases by period
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- Definition Supplemental Financial Information [Abstract] No definition available.
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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. No definition available.
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Divestitures (Notes) |
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Dec. 30, 2017 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | Divestitures Refranchising in Jordan During the fourth quarter of 2017, we refranchised our beverage business in Jordan by selling a controlling interest in our Jordan bottling operations. We recorded a pre-tax gain of $140 million ($107 million after-tax or $0.07 per share) in selling, general and administrative expenses in our AMENA segment as a result of this transaction. Refranchising in Thailand During the fourth quarter of 2017, we entered into an agreement to refranchise our beverage business in Thailand by selling a controlling interest in our Thailand bottling operations (included within our AMENA segment). The transaction is expected to be completed in 2018. Refranchising in Czech Republic, Hungary, and Slovakia (CHS) During the first quarter of 2018, we entered into an agreement to refranchise our entire beverage bottling operations and snack distribution operations in CHS (included within our ESSA segment). The transaction is expected to be completed in 2018. |
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- References No definition available.
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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Our Significant Accounting Policies (Policies) |
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||
Revenue Recognition, Policy [Policy Text Block] | 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. As a result, we record reserves, based on estimates, for anticipated damaged and out-of-date products. Our products are sold for cash or on credit terms. Our credit terms, which are established in accordance with local and industry practices, typically require payment within 30 days of delivery in the United States, and generally within 30 to 90 days internationally, and may allow discounts for early payment. We estimate and reserve for our bad debt exposure based on our experience with past due accounts and collectibility, the aging of accounts receivable and our analysis of customer data. Bad debt expense is classified within selling, general and administrative expenses in our income statement. We are exposed to concentration of credit risk from our major customers, including Walmart. In 2017, sales to Walmart (including Sam’s) represented approximately 13% of our consolidated net revenue, including concentrate sales to our independent bottlers, which were used in finished goods sold by them to Walmart. We have not experienced credit issues with these customers. |
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Sales Incentives And Other Marketplace Spending, Policy [Policy Text Block] | 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 include payments to customers for performing 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. Sales incentives and discounts also include support provided to our independent bottlers. A number of our sales incentives, such as bottler funding to independent bottlers and customer volume rebates, are based on annual targets, and accruals are established during the year for the expected payout. These accruals are based on contract terms and our historical experience with similar programs and require management judgment with respect to estimating customer participation and performance levels. Differences between estimated expense and actual incentive costs are normally insignificant and are recognized in earnings in the period such differences are determined. In addition, certain advertising and marketing costs are also based on annual targets and recognized during the year as incurred. The terms of most of our incentive arrangements do not exceed a year, and, therefore, do not require highly uncertain long-term estimates. Certain arrangements, such as fountain pouring rights, may extend beyond one year. Up-front payments to customers under these arrangements are recognized over the shorter of the economic or contractual life, primarily as a reduction of revenue, and the remaining balances of $262 million as of December 30, 2017 and $291 million as of December 31, 2016 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 Customers” in “Item 1. Business” and “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. For interim reporting, our policy is to allocate our forecasted full-year sales incentives for most of our programs to each of our interim reporting periods in the same year that benefits from the programs. The allocation methodology is based on our forecasted sales incentives for the full year and the proportion of each interim period’s actual gross revenue or volume, as applicable, to our forecasted annual gross revenue or volume, as applicable. Based on our review of the forecasts at each interim period, any changes in estimates and the related allocation of sales incentives are recognized beginning in the interim period that they are identified. In addition, we apply a similar allocation methodology for interim reporting purposes for certain advertising and other marketing activities. Our annual financial statements are not impacted by this interim allocation methodology. Advertising and other marketing activities, reported as selling, general and administrative expenses, totaled $4.1 billion in 2017, $4.2 billion in 2016 and $3.9 billion in 2015, including advertising expenses of $2.4 billion in 2017, $2.5 billion in 2016 and $2.4 billion in 2015. Deferred advertising costs are not expensed until the year first used and consist of:
Deferred advertising costs of $46 million and $32 million as of December 30, 2017 and December 31, 2016, respectively, are classified as prepaid expenses and other current assets on our balance sheet. |
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Shipping and Handling Cost, Policy [Policy Text Block] | Distribution Costs Distribution costs, including the costs of shipping and handling activities, which include certain merchandising activities, are reported as selling, general and administrative expenses. Shipping and handling expenses were $9.9 billion in 2017, $9.7 billion in 2016 and $9.4 billion in 2015. |
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Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents Cash equivalents are highly liquid investments with original maturities of three months or less. |
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Internal Use Software, Policy [Policy Text Block] | 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(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 projects and (iii) interest costs incurred while developing internal-use computer software. Capitalized software costs are included in property, plant and equipment on our balance sheet and amortized on a straight-line basis when placed into service over the estimated useful lives of the software, which approximate five to 10 years. Software amortization totaled $224 million in 2017, $214 million in 2016 and $202 million in 2015. Net capitalized software and development costs were $686 million and $791 million as of December 30, 2017 and December 31, 2016, respectively. |
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Commitments and Contingencies, Policy [Policy Text Block] | 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 unaudited information on our commitments, see “Our Liquidity and Capital Resources” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
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Research and Development Expense, Policy [Policy Text Block] | Research and Development We engage in a variety of research and development activities and continue to invest to accelerate growth and to drive innovation globally. Consumer research is excluded from research and development costs and included in other marketing costs. Research and development costs were $737 million, $760 million and $754 million in 2017, 2016 and 2015, respectively, and are reported within selling, general and administrative expenses. See “Research and Development” in “Item 1. Business” for additional unaudited information about our research and development activities. |
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Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Other Intangible Assets Indefinite-lived intangible assets and goodwill are not amortized and are assessed for impairment at least annually, using either a qualitative or quantitative approach. We perform this annual assessment during our third quarter. Where we use the qualitative assessment, first we determine if, based on qualitative factors, it is more likely than not that an impairment exists. Factors considered include macroeconomic, industry and competitive conditions, legal and regulatory environment, historical financial performance and significant changes in the brand or reporting unit. If the qualitative assessment indicates that it is more likely than not that an impairment exists, then a quantitative assessment is performed. In the quantitative assessment of indefinite-lived intangible assets, if the carrying amount of the indefinite-lived intangible asset exceeds its estimated fair value, as determined by its discounted cash flows, an impairment loss is recognized in an amount equal to that excess. Quantitative assessment of goodwill is performed using a two-step impairment test at the reporting unit level. A reporting unit can be a division or business within a division. The first step compares the carrying value of a reporting unit, including goodwill, with its estimated fair value, as determined by its discounted cash flows. If the carrying value of a reporting unit exceeds its estimated fair value, we complete the second step to determine the amount of goodwill impairment loss that we should record, if any. In the second step, we determine an implied fair value of the reporting unit’s goodwill by allocating the estimated fair value of the reporting unit to all of the assets and liabilities other than goodwill (including any unrecognized intangible assets). The amount of impairment loss is equal to the excess of the carrying value of the goodwill over the implied fair value of that goodwill. The quantitative assessment described above requires an analysis of several estimates including future cash flows or income consistent with management’s strategic business plans, annual sales growth rates, perpetuity growth assumptions and the selection of assumptions underlying a discount rate (weighted average cost of capital) based on market data available at the time. Significant management judgment is necessary to estimate the impact of competitive operating, macroeconomic and other factors to estimate future levels of sales, operating profit or cash flows. All assumptions used in our impairment evaluations for nonamortizable intangible assets, such as forecasted growth rates and weighted-average cost of capital, are based on the best available market information and are consistent with our internal forecasts and operating plans. Amortizable intangible assets are only evaluated for impairment upon a significant change in the operating or macroeconomic environment. If an evaluation of the undiscounted future cash flows indicates impairment, the asset is written down to its estimated fair value, which is based on its discounted future cash flows. See also 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. |
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Other Significant Accounting Policies [Policy Text Block] | Other Significant Accounting Policies Our other significant accounting policies are disclosed as follows:
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- Definition Other Significant Accounting Policies [Policy Text Block] No definition available.
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- Definition Sales Incentives And Other Marketplace Spending, Policy [Policy Text Block] No definition available.
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- References No definition available.
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- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for commitments and contingencies, which may include policies for recognizing and measuring loss and gain contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for costs incurred when both (1) the software is acquired, internally developed, or modified solely to meet the entity's internal needs, and (2) during the software's development or modification, no substantive plan exists or is being developed to market the software externally. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis of Presentation and Our Divisions (Tables) |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Quarterly Reporting | The following chart details our quarterly reporting schedule:
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Schedule of Segment Reporting Information, by Segment | Net revenue and operating profit/(loss) of each division are as follows:
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Segment Reporting Information By Total Assets And Capital Spending | Total assets and capital spending of each division are as follows:
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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:
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Segment Reporting Information By Net Revenue And Long-Lived Assets | Net revenue and long-lived assets by country are as follows:
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- Definition Schedule Of Segment Reporting Information By Amortization Of Intangible Assets And Depreciation And Other Amortization [Table Text Block] No definition available.
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- Definition Schedule Of Segment Reporting Information By Country Net Revenue And Long Lived Assets [Table Text Block] No definition available.
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- Definition Schedule Of Segment Reporting Information By Total Assets And Capital Spending [Table Text Block] No definition available.
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- Definition Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring, Impairment and Integration Charges (Tables) |
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Restructuring, Impairment, and Other Activities Disclosure [Text Block] | Restructuring and Impairment Charges A summary of our restructuring and impairment charges and other productivity initiatives is as follows:
2014 Multi-Year Productivity Plan The 2014 Productivity Plan, publicly announced on February 13, 2014, 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. To build on the successful implementation of the 2014 Productivity Plan to date, we expanded and extended the program through December 28, 2019 to take advantage of additional opportunities within the initiatives described above to further strengthen our food, snack and beverage businesses. In 2017, 2016 and 2015, we incurred restructuring charges of $295 million ($224 million after-tax or $0.16 per share), $160 million ($131 million after-tax or $0.09 per share) and $169 million ($134 million after-tax or $0.09 per share), respectively, 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, asset impairments (all non-cash), and other costs associated with the implementation of our initiatives, including contract termination costs. Substantially all of the restructuring accrual at December 30, 2017 is expected to be paid by the end of 2018. A summary of our 2014 Productivity Plan charges is as follows:
Since the inception of the 2014 Productivity Plan, we incurred restructuring charges of $1,034 million:
A summary of our 2014 Productivity Plan activity is as follows:
2012 Multi-Year Productivity Plan The 2012 Productivity Plan, publicly announced on February 9, 2012, included actions in every aspect of our business that we believe would strengthen our complementary food, snack and beverage businesses. In 2015, we incurred restructuring charges of $61 million ($50 million after-tax or $0.03 per share) in conjunction with our 2012 Productivity Plan. All of these charges were recorded in selling, general and administrative expenses and primarily related to severance and other employee-related costs, asset impairments (all non-cash) and contract termination costs. The 2012 Productivity Plan was completed in 2016 and all cash payments were paid by the end of 2016. A summary of our 2012 Productivity Plan charges in 2015 is as follows:
Since the inception of the 2012 Productivity Plan, we incurred restructuring charges of $894 million:
A summary of our 2012 Productivity Plan activity is as follows:
Other Productivity Initiatives There were no material charges related to other productivity and efficiency initiatives outside the scope of the 2014 and 2012 Productivity Plans in 2017 and 2016. In 2015, we incurred charges of $90 million ($66 million after-tax or $0.04 per share) related to other productivity and efficiency initiatives outside the scope of the 2014 and 2012 Productivity Plans. These charges were recorded in selling, general and administrative expenses and primarily reflect severance and other employee-related costs and asset impairments (all non-cash). These initiatives were not included in items affecting comparability. We regularly evaluate different productivity initiatives beyond the productivity plans and other initiatives described above. See additional unaudited information in “Items Affecting Comparability” and “Results of Operations – Division Review” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
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Summary Of Total Restructuring Activity [Table Text Block] | A summary of our restructuring and impairment charges and other productivity initiatives is as follows:
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Summary Of 2014 Productivity Plan Activity [Table Text Block] [Table Text Block] | 2014 Multi-Year Productivity Plan The 2014 Productivity Plan, publicly announced on February 13, 2014, 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. To build on the successful implementation of the 2014 Productivity Plan to date, we expanded and extended the program through December 28, 2019 to take advantage of additional opportunities within the initiatives described above to further strengthen our food, snack and beverage businesses. In 2017, 2016 and 2015, we incurred restructuring charges of $295 million ($224 million after-tax or $0.16 per share), $160 million ($131 million after-tax or $0.09 per share) and $169 million ($134 million after-tax or $0.09 per share), respectively, 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, asset impairments (all non-cash), and other costs associated with the implementation of our initiatives, including contract termination costs. Substantially all of the restructuring accrual at December 30, 2017 is expected to be paid by the end of 2018. A summary of our 2014 Productivity Plan charges is as follows:
Since the inception of the 2014 Productivity Plan, we incurred restructuring charges of $1,034 million:
A summary of our 2014 Productivity Plan activity is as follows:
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Summary Of Productivity Plan Activity | 2012 Multi-Year Productivity Plan The 2012 Productivity Plan, publicly announced on February 9, 2012, included actions in every aspect of our business that we believe would strengthen our complementary food, snack and beverage businesses. In 2015, we incurred restructuring charges of $61 million ($50 million after-tax or $0.03 per share) in conjunction with our 2012 Productivity Plan. All of these charges were recorded in selling, general and administrative expenses and primarily related to severance and other employee-related costs, asset impairments (all non-cash) and contract termination costs. The 2012 Productivity Plan was completed in 2016 and all cash payments were paid by the end of 2016. A summary of our 2012 Productivity Plan charges in 2015 is as follows:
Since the inception of the 2012 Productivity Plan, we incurred restructuring charges of $894 million:
A summary of our 2012 Productivity Plan activity is as follows:
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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. No definition available.
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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Property, Plant and Equipment and Intangible Assets (Tables) |
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Property, Plant And Equipment And Intangible Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | A summary of our property, plant and equipment is as follows:
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Amortizable Intangible Assets, Net | 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 is as follows:
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Future Amortization of Intangible Assets | Amortization of intangible assets for each of the next five years, based on existing intangible assets as of December 30, 2017 and using average 2017 foreign exchange rates, is expected to be as follows:
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Change in Book Value of Nonamortizable Intangible Assets | The change in the book value of nonamortizable intangible assets is as follows:
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes (Tables) |
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Income Tax Contingency [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Income Tax Contingencies [Table Text Block] | 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:
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 2015, we reached an agreement with the IRS resolving substantially all open matters related to the audits of taxable years 2010 and 2011. The agreement resulted in a 2015 non-cash tax benefit totaling $230 million. As of December 30, 2017, the total gross amount of reserves for income taxes, reported in other liabilities, was $2.2 billion. 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 $283 million as of December 30, 2017, of which $89 million of expense was recognized in 2017. The gross amount of interest accrued, reported in other liabilities, was $193 million as of December 31, 2016, of which $61 million of expense was recognized in 2016. |
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Income Taxes | Income Taxes The components of income before income taxes are as follows:
A reconciliation of the U.S. Federal statutory tax rate to our annual tax rate is as follows:
Tax Cuts and Jobs Act During the fourth quarter of 2017, the TCJ Act was enacted in the United States. Among its many provisions, the TCJ Act imposed a mandatory one-time transition tax on undistributed international earnings and reduced the U.S. corporate income tax rate from 35% to 21%, effective January 1, 2018. As a result of the enactment of the TCJ Act, we recognized a provisional net tax expense of $2.5 billion in the fourth quarter of 2017. See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Included in the provisional net tax expense of $2.5 billion is a provisional mandatory one-time transition tax of approximately $4 billion on undistributed international earnings, included in other liabilities. This provisional mandatory one-time transition tax was partially offset by a provisional $1.5 billion benefit resulting from the required remeasurement of our deferred tax assets and liabilities to the new, lower U.S. corporate income tax rate, effective January 1, 2018. The effect of the remeasurement was recorded in the fourth quarter of 2017, consistent with the enactment date of the TCJ Act, and reflected in our provision for income taxes. The TCJ Act also creates a new requirement that certain income earned by foreign subsidiaries, known as GILTI, must be included in the gross income of their U.S. shareholder. The FASB allows an accounting policy election of either recognizing deferred taxes for temporary differences expected to reverse as GILTI in future years or recognizing such taxes as a current-period expense when incurred. Due to the complexity of calculating GILTI under the new law, we have not determined which method we will apply. Therefore, we have not made any adjustments related to potential GILTI tax in our financial statements. We expect to elect an accounting policy in the first quarter of 2018. The components of the provisional net tax expense recorded in 2017 are based on currently available information and additional information needs to be prepared, obtained and/or analyzed to determine the final amounts. The provisional tax expense for the mandatory repatriation of undistributed international earnings will require further analysis of certain foreign exchange gains or losses, substantiation of foreign tax credits, as well as estimated cash and cash equivalents as of November 30, 2018, the tax year-end of our foreign subsidiaries. The provisional tax benefit for the remeasurement of deferred taxes will require additional information necessary for the preparation of our U.S. federal tax return, and further analysis and interpretation of certain provisions of the TCJ Act impacting deferred taxes, for example 100% expensing of qualified assets as well as our accounting policy election for recognizing deferred taxes for GILTI, could impact our deferred tax balance as of December 30, 2017. Tax effects for these items will be recorded in subsequent quarters, as discrete adjustments to our income tax provision, once complete. The SEC has issued guidance that allows for a measurement period of up to one year after the enactment date of the TCJ Act to finalize the recording of the related tax impacts. We currently anticipate finalizing and recording any resulting adjustments by the end of 2018. The recorded impact of the TCJ Act is provisional and the final amount may differ, possibly materially, due to, among other things, changes in estimates, interpretations and assumptions we have made, changes in IRS interpretations, the issuance of new guidance, legislative actions, changes in accounting standards or related interpretations in response to the TCJ Act and future actions by states within the United States that have not currently adopted the TCJ Act. For further unaudited information and discussion of the potential impact of the TCJ Act, refer to “Item 1A. Risk Factors,” “Our Business Risks,” “Our Liquidity and Capital Resources” and “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Deferred tax liabilities and assets are comprised of the following: Deferred Tax Liabilities
A summary of our valuation allowance activity is as follows:
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. |
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Reserves Rollforward | A reconciliation of unrecognized tax benefits, is as follows:
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- Definition Rollforward of Reserves For Federal State And Foreign Jurisdictions. No definition available.
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- Definition Schedule Of Income Taxes [Table Text Block] No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-Based Compensation Share-Based Compensation (Tables) |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Liability Award Vested and Expected to Vest [Table Text Block] |
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Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] | The following table summarizes our total share-based compensation expense:
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Summary of Compensation Costs | Note 6 — Share-Based Compensation Our share-based compensation program is designed to attract and retain employees while also aligning employees’ interests with the interests of our shareholders. PepsiCo has granted stock options, RSUs, PSUs, PEPunits and long-term cash awards to employees under the shareholder-approved PepsiCo, Inc. Long-Term Incentive Plan (LTIP). 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 stock options receive four stock options for every one RSU that would have otherwise been granted. Certain executive officers and other senior executives do not have a choice and, beginning in 2016, were granted 66% PSUs and 34% long-term cash, each of which are subject to pre-established performance targets. Previously, they were granted a combination of 60% PEPunits measuring both absolute and relative stock price performance and 40% long-term cash based on achievement of specific performance operating metrics. The Company may use authorized and unissued shares to meet share requirements resulting from the exercise of stock options and the vesting of RSUs, PSUs and PEPunits. As of December 30, 2017, 74 million shares were available for future share-based compensation grants under the LTIP. The following table summarizes our total share-based compensation expense:
As of December 30, 2017, there was $314 million of total unrecognized compensation cost related to nonvested share-based compensation grants. This unrecognized compensation cost is expected to be recognized over a weighted-average period of two years. Method of Accounting and Our Assumptions The fair value of share-based award grants is amortized to expense over the vesting period, primarily 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. In addition, we use historical data to estimate forfeiture rates and record share-based compensation expense only for those awards that are expected to vest. We do not backdate, reprice or grant share-based compensation awards retroactively. Repricing of awards would require shareholder approval under the LTIP. Stock Options A stock option permits the holder to purchase shares of PepsiCo common stock at a specified price. We account for our employee stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock option expense at the date of grant. All stock option grants have an exercise price equal to the fair market value of our common stock on the date of grant and generally have a 10-year term. |
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Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions | Our weighted-average Black-Scholes fair value assumptions are as follows:
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Our Stock Option Activity | A summary of our stock option activity for the year ended December 30, 2017 is as follows:
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Our RSU and PSU Activity |
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Our PEPunit Activity | PEPunits PEPunits provide an opportunity to earn shares of PepsiCo common stock with a value that adjusts based upon changes in PepsiCo’s absolute stock price as well as PepsiCo’s Total Shareholder Return relative to the S&P 500 over a three-year performance period. The fair value of PEPunits is measured using the Monte-Carlo simulation model. A summary of our PEPunit activity for the year ended December 30, 2017 is as follows:
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Other Share-Based Compensation Data | Other Share-Based Compensation Data The following is a summary of other share-based compensation data:
As of December 30, 2017 and December 31, 2016, there were approximately 250,000 and 254,000 outstanding awards, respectively, 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. |
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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Pension, Retiree Medical and Savings Plans (Tables) |
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Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Plan Assets Measured At Fair Value Table Text Block | Plan assets measured at fair value as of fiscal year-end 2017 and 2016 are categorized consistently by level, and are as follows:
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Selected Financial Information For Pension And Retiree Medical Plans | Pension, Retiree Medical and Savings Plans Effective January 1, 2017, the U.S. qualified defined benefit pension plans were reorganized into Plan A and Plan I. Actuarial gains and losses associated with Plan A are amortized over the average remaining service life of the active participants, while the actuarial gains and losses associated with Plan I are amortized over the remaining life expectancy of the inactive participants. As a result of this change, the pre-tax net periodic benefit cost decreased by $42 million ($27 million after-tax, reflecting tax rates effective for the 2017 tax year, or $0.02 per share) in 2017, primarily impacting corporate unallocated expenses. See “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. In 2016, the U.S. qualified defined benefit pension plans purchased a group annuity contract whereby an unrelated insurance company assumed the obligation to pay and administer future annuity payments for certain retirees. In 2016, we made discretionary contributions of $452 million primarily to fund the transfer of the obligation. This transaction triggered a pre-tax settlement charge of $242 million ($162 million after-tax or $0.11 per share). See additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations. Effective as of the beginning of 2016, we prospectively changed the method we use to estimate the service and interest cost components of net periodic benefit cost. The pre-tax reduction in net periodic benefit cost associated with this change in 2016 was $125 million ($81 million after-tax or $0.06 per share). See “Our Critical Accounting Policies” in Management’s Discussion and Analysis of Financial Condition and Results of Operations for further unaudited information on this change in accounting estimate. 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, as well as changes in our assumptions, are determined at each measurement date. These differences are recognized as a component of net gain or loss in accumulated other comprehensive loss. 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 life for participants in Plan A (approximately 11 years) and retiree medical (approximately 7 years), or the remaining life expectancy for participants in Plan I (approximately 27 years). The cost or benefit of plan changes that increase or decrease benefits for prior employee service (prior service (credit)/cost) is included in earnings on a straight-line basis over the average remaining service life for participants in Plan A or the remaining life expectancy for participants in Plan I. We regularly evaluate different opportunities to reduce risk and volatility associated with our pension and retiree medical plans. Selected financial information for our pension and retiree medical plans is as follows:
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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/(gain) into pre-tax expense in 2018 for our pension and retiree medical plans are as follows:
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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:
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Future Benefit Payments | Our estimated future benefit payments are as follows:
These future benefit payments to beneficiaries include payments from both funded and unfunded plans. |
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Target Investment Allocation | Plan Assets Our pension plan investment strategy includes the use of actively managed accounts and is reviewed periodically in conjunction with plan liabilities, an evaluation of market conditions, tolerance for risk and cash requirements for benefit payments. This strategy is also applicable to funds held for the retiree medical plans. Our investment objective includes ensuring that funds are available to meet the plans’ benefit obligations when they become due. Assets contributed to our pension plans are no longer controlled by us, but become the property of our individual pension plans. However, we are indirectly impacted by changes in these plan assets as compared to changes in our projected liabilities. Our overall investment policy 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, such as futures and forward contracts, to reduce interest rate and foreign currency risks. Futures contracts represent commitments to purchase or sell securities at a future date and at a specified price. Forward contracts consist of currency forwards. For 2018 and 2017, our expected long-term rate of return on U.S. plan assets is 7.2% and 7.5%, respectively. Our target investment allocations for U.S. plan assets are as follows:
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. The expected return on plan assets is based on our 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 plan assets, our market-related value of assets for fixed income is the actual fair value. For all other asset categories, such as equity securities, 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. |
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Effects Of 1-Percentage-Point Change In The Assumed Health Care Trend Rate | Retiree Medical Cost Trend Rates
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. A 1-percentage-point change in the assumed health care trend rate would have the following effects:
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 for certain employees on a portion of eligible pay based on years of service. 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 2017, 2016 and 2015, our total Company contributions were $176 million, $164 million and $148 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. |
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Schedule of Net Benefit Costs [Table Text Block] | The components of benefit expense are as follows:
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- Definition Schedule Of Plan Assets Measured At Fair Value Table Text Block No definition available.
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt Obligations and Commitments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Obligations and Commitments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Long and Short-Term Debt Contractural Commitments | Debt Obligations The following table summarizes the Company’s debt obligations:
In 2017, we issued the following senior notes:
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Schedule Of Long-Term Contractual Commitments | 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 and long-term contractual commitments. |
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- Definition Debt Obligations and Commitments [Abstract] No definition available.
|
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- Definition Schedule Of Long Term Contractual Commitments [Table Text Block] No definition available.
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
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Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedges, Assets [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Values Of Financial Assets And Liabilities | Fair Value Measurements The fair values of our financial assets and liabilities as of December 30, 2017 and December 31, 2016 are categorized as follows:
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Effective Portion Of Pre-Tax (Gains)/Losses On Derivative Instruments | Losses/(gains) on our hedging instruments are categorized as follows:
Based on current market conditions, we expect to reclassify net losses of $33 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months. |
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- References No definition available.
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net Income Attributable to PepsiCo per Common Share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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:
Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows:
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- References No definition available.
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Loss Attributable to Pepsico (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Accumulated Other Comprehensive Income | The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows:
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Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The following table summarizes the reclassifications from accumulated other comprehensive loss to the income statement:
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- References No definition available.
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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Financial Information (Tables) |
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Supplemental Financial Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional Financial Information Disclosure [Text Block] | Balance Sheet
Statement of Cash Flows
Note 8. Lease Information
Minimum lease payments under non-cancelable operating leases by period
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- Definition Supplemental Financial Information [Abstract] No definition available.
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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. No definition available.
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Basis of Presentation and Our Divisions (Narrative) (Details) $ in Millions |
12 Months Ended | ||
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Dec. 30, 2017
USD ($)
country
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Dec. 31, 2016
USD ($)
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Dec. 26, 2015
USD ($)
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Basis Of Presentation And Our Divisions [Line Items] | |||
Venezuela impairment charges | $ | $ 0 | $ 0 | $ 1,359 |
Manufacture and sell in (number of countries) | country | 200 | ||
FLNA | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Stock-based compensation percentage | 13.00% | 14.00% | |
QFNA | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Stock-based compensation percentage | 1.00% | 2.00% | |
NAB | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Stock-based compensation percentage | 18.00% | 22.00% | |
Latin America | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Stock-based compensation percentage | 7.00% | 7.00% | |
ESSA | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Stock-based compensation percentage | 9.00% | 11.00% | |
AMENA | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Stock-based compensation percentage | 9.00% | 10.00% | |
Corporate | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Stock-based compensation percentage | 43.00% | 34.00% | |
Maximum | |||
Basis Of Presentation And Our Divisions [Line Items] | |||
Noncontrolling Interest, Ownership Percentage by Parent | 50.00% |
X | ||||||||||
- Definition Basis of presentation and our divisions No definition available.
|
X | ||||||||||
- Definition Share Based Compensation Percentage Allocation by Division No definition available.
|
X | ||||||||||
- Definition Venezuela impairment charges No definition available.
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X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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- Definition The number of countries in which the entity operates as of balance sheet date. No definition available.
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Basis of Presentation and Our Divisions (Schedule of Quarterly Reporting) (Details) |
3 Months Ended | 4 Months Ended | |||
---|---|---|---|---|---|
Sep. 09, 2017 |
Jun. 17, 2017 |
Mar. 25, 2017 |
Dec. 30, 2017 |
Dec. 31, 2016 |
|
U.S. and Canada | |||||
Segment Reporting Information [Line Items] | |||||
Quarterly reporting calendar, period | P12W | P12W | P12W | P16W | P17W |
International Divisions | |||||
Segment Reporting Information [Line Items] | |||||
Quarterly reporting calendar, period | June, July and August | March, April and May | January, February | September, October, November and December |
X | ||||||||||
- Definition Quarterly Financial Information, Reporting Calendar, Period No definition available.
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Basis of Presentation and Our Divisions (Schedule of Segment Reporting Information, by Segment) (Details) - USD ($) $ in Millions |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | $ 63,525 | $ 62,799 | $ 63,056 | |||
Operating Profit | [1] | 10,509 | 9,785 | 8,353 | ||
FLNA | ||||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | 15,798 | 15,549 | 14,782 | |||
Operating Profit | [1] | 4,823 | 4,659 | 4,304 | ||
QFNA | ||||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | 2,503 | 2,564 | 2,543 | |||
Operating Profit | [1] | 642 | 653 | 560 | ||
NAB | ||||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | 20,936 | 21,312 | 20,618 | |||
Operating Profit | [1] | 2,707 | 2,959 | 2,785 | ||
Latin America | ||||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | 7,208 | 6,820 | 8,228 | |||
Operating Profit | [1] | 908 | 887 | (206) | ||
ESSA | ||||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | 11,050 | 10,216 | 10,510 | |||
Operating Profit | [1] | 1,354 | 1,108 | 1,081 | ||
AMENA | ||||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | 6,030 | 6,338 | 6,375 | |||
Operating Profit | [1] | 1,073 | 619 | 941 | ||
Total Division | ||||||
Segment Reporting Information [Line Items] | ||||||
Operating Profit | [1] | 11,507 | 10,885 | 9,465 | ||
Corporate | ||||||
Segment Reporting Information [Line Items] | ||||||
Net Revenue | 0 | 0 | 0 | |||
Operating Profit | [1] | $ (998) | $ (1,100) | $ (1,112) | ||
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Basis of Presentation and Our Divisions (Segment Reporting Information by Total Assets and Capital Spending) (Details) - USD ($) $ in Millions |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | $ 79,804 | $ 73,490 | ||||
Capital Spending | 2,969 | 3,040 | $ 2,758 | |||
FLNA | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 5,979 | 5,731 | ||||
Capital Spending | 665 | 801 | 608 | |||
QFNA | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 804 | 811 | ||||
Capital Spending | 44 | 41 | 40 | |||
NAB | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 28,592 | 28,172 | ||||
Capital Spending | 904 | 769 | 695 | |||
Latin America | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 4,976 | 4,568 | ||||
Capital Spending | 481 | 507 | 368 | |||
ESSA | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 13,556 | 12,302 | ||||
Capital Spending | 481 | 439 | 404 | |||
AMENA | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 5,668 | 5,261 | ||||
Capital Spending | 308 | 381 | 441 | |||
Total Division | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | 59,575 | 56,845 | ||||
Capital Spending | 2,883 | 2,938 | 2,556 | |||
Corporate | ||||||
Segment Reporting Information [Line Items] | ||||||
Total Assets | [1] | 20,229 | 16,645 | |||
Capital Spending | [1] | $ 86 | $ 102 | $ 202 | ||
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Basis of Presentation and Our Divisions (Segment Reporting Information by Amortization of Intangible Assets and Depreciation and Other Amortization) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Segment Reporting Information [Line Items] | |||
Amortization of Intangible Assets | $ 68 | $ 70 | $ 75 |
Depreciation and Other Amortization | 2,301 | 2,298 | 2,341 |
FLNA | |||
Segment Reporting Information [Line Items] | |||
Amortization of Intangible Assets | 7 | 7 | 7 |
Depreciation and Other Amortization | 449 | 435 | 427 |
QFNA | |||
Segment Reporting Information [Line Items] | |||
Depreciation and Other Amortization | 47 | 50 | 51 |
NAB | |||
Segment Reporting Information [Line Items] | |||
Amortization of Intangible Assets | 31 | 37 | 38 |
Depreciation and Other Amortization | 780 | 809 | 813 |
Latin America | |||
Segment Reporting Information [Line Items] | |||
Amortization of Intangible Assets | 5 | 5 | 7 |
Depreciation and Other Amortization | 245 | 211 | 238 |
ESSA | |||
Segment Reporting Information [Line Items] | |||
Amortization of Intangible Assets | 22 | 18 | 20 |
Depreciation and Other Amortization | 329 | 321 | 353 |
AMENA | |||
Segment Reporting Information [Line Items] | |||
Amortization of Intangible Assets | 3 | 3 | 3 |
Depreciation and Other Amortization | 257 | 294 | 293 |
Total Division | |||
Segment Reporting Information [Line Items] | |||
Amortization of Intangible Assets | 68 | 70 | 75 |
Depreciation and Other Amortization | 2,107 | 2,120 | 2,175 |
Corporate | |||
Segment Reporting Information [Line Items] | |||
Depreciation and Other Amortization | $ 194 | $ 178 | $ 166 |
X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Basis of Presentation and Our Divisions (Segment Reporting Information by Net Revenue and Long-Lived Assets) (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | $ 63,525 | $ 62,799 | $ 63,056 | ||||||
Long-Lived Assets | [1] | 47,864 | 46,404 | ||||||
Venezuela impairment charges | 0 | 0 | 1,359 | ||||||
UNITED STATES | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | 36,546 | 36,732 | 35,266 | ||||||
Long-Lived Assets | [1] | 28,418 | 28,382 | ||||||
MEXICO | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | 3,650 | 3,431 | 3,687 | ||||||
Long-Lived Assets | [1] | 1,205 | 998 | ||||||
CANADA | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | 2,691 | 2,692 | 2,677 | ||||||
Long-Lived Assets | [1] | 2,739 | 2,499 | ||||||
Russia [Member] | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | 3,232 | [2] | 2,648 | 2,797 | |||||
Long-Lived Assets | [1] | 4,708 | [2] | 4,373 | |||||
UNITED KINGDOM | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | 1,650 | 1,737 | 1,966 | ||||||
Long-Lived Assets | [1] | 817 | 852 | ||||||
BRAZIL | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | 1,427 | 1,305 | 1,289 | ||||||
Long-Lived Assets | [1] | 777 | 796 | ||||||
All Other Countries [Member] | |||||||||
Segment Reporting Information [Line Items] | |||||||||
Net Revenue | 14,329 | 14,254 | $ 15,374 | ||||||
Long-Lived Assets | [1] | $ 9,200 | $ 8,504 | ||||||
|
X | ||||||||||
- Definition Venezuela impairment charges No definition available.
|
X | ||||||||||
- Definition Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Basis of Presentation and Our Divisions Venezuela (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Investments in previously consolidated Venezuelan subsidiaries [Line Items] | |||
Venezuela impairment charges | $ 0 | $ 0 | $ 1,359 |
X | ||||||||||
- Definition [Line Items] for Investments in previously consolidated Venezuelan subsidiaries [Table] No definition available.
|
X | ||||||||||
- Definition Venezuela impairment charges No definition available.
|
Our Significant Accounting Policies (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Property, Plant and Equipment [Line Items] | |||
Capitalized Computer Software, Amortization | $ 224 | $ 214 | $ 202 |
Capitalized Computer Software, Net | $ 686 | $ 791 | |
Minimum | Software | |||
Property, Plant and Equipment [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 5 years | ||
Maximum | Software | |||
Property, Plant and Equipment [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 10 years |
X | ||||||||||
- Definition Amount of expense for amortization of capitalized computer software costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The carrying amount of capitalized computer software costs net of accumulated amortization as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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Our Significant Accounting Policies (Narrative) (Details) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | $ 639,000,000 | ||
Capitalized Computer Software, Net | $ 686,000,000 | 791,000,000 | |
Capitalized Computer Software, Amortization | 224,000,000 | 214,000,000 | $ 202,000,000 |
Shipping and handling expenses | 9,900,000,000 | 9,700,000,000 | 9,400,000,000 |
Research and development costs | 737,000,000 | 760,000,000 | 754,000,000 |
Amount of prepaid incentive arrangements | 262,000,000 | 291,000,000 | |
Advertising and other marketing activities | 4,100,000,000 | 4,200,000,000 | 3,900,000,000 |
Advertising expenses | 2,400,000,000 | 2,500,000,000 | $ 2,400,000,000 |
Deferred advertising costs | 46,000,000 | 32,000,000 | |
Earnings per Share [Member] | |||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | $ 0.08 | $ 0.07 |
X | ||||||||||
- Definition Prepaid incentive arrangements No definition available.
|
X | ||||||||||
- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of expense for amortization of capitalized computer software costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The carrying amount of capitalized computer software costs net of accumulated amortization as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The costs of direct-response advertising whose primary purpose is to elicit sales to customers who could be shown to have responded specifically to the advertising and that results in probable future benefits and are reported as assets net of accumulated amortization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cumulative effect of the change in accounting principle or new accounting pronouncement on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements. No definition available.
|
X | ||||||||||
- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
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Our Significant Accounting Policies (Concentration of Credit Risk) (Details) |
12 Months Ended |
---|---|
Dec. 30, 2017 | |
Customer Concentration Risk | Wal-Mart | Revenue, Net | |
Concentration Risk [Line Items] | |
Concentration risk, percentage | 13.00% |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Our Significant Accounting Policies Recently Issued Accounting Pronouncements (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | $ 110 | $ 107 | |
Income Statement Location [Member] | |||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | $ 115 | 110 | 107 |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | 233 | 19 | |
Cash Flow Statement Location [Member] | |||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | $ 295 | $ 269 | $ 284 |
X | ||||||||||
- Definition Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements. No definition available.
|
X | ||||||||||
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Our Significant Accounting Policies Recently Issued Accounting Pronouncements [Line Items] (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Provisional net tax expense related to the TCJ Act | $ 2,451 | $ 0 | $ 0 |
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 110 | 107 | |
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 639 | ||
Income Statement Location [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 115 | 110 | 107 |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | 233 | 19 | |
Cash Flow Statement Location [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | $ 295 | $ 269 | $ 284 |
X | ||||||||||
- Definition Provisional net tax expense related to the TCJ Act No definition available.
|
X | ||||||||||
- Definition Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cumulative effect of the change in accounting principle or new accounting pronouncement on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
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X | ||||||||||
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|
Restructuring, Impairment and Integration Charges (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Restructuring Cost and Reserve [Line Items] | |||
Total restructuring and impairment charges and other productivity initiatives | $ 311 | $ 172 | $ 320 |
Restructuring, Settlement and Impairment Provisions | 295 | 160 | 230 |
Other Productivity Initiatives | 16 | 12 | 90 |
2014 Productivity Plan | |||
Restructuring Cost and Reserve [Line Items] | |||
Restructuring, Settlement and Impairment Provisions | 295 | 160 | 169 |
2012 Productivity Plan | |||
Restructuring Cost and Reserve [Line Items] | |||
Restructuring, Settlement and Impairment Provisions | $ 0 | $ 0 | $ 61 |
X | ||||||||||
- Definition Other Productivity Initiatives No definition available.
|
X | ||||||||||
- Definition Total restructuring and impairment charges and other productivity initiatives No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
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X | ||||||||||
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|
Restructuring, Impairment and Integration Charges Restructuring, Impairment and Integration Charges (Summary of 2014 Productivity Plan Charges) (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
Dec. 27, 2014 |
||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | $ 295 | $ 160 | $ 230 | ||||||||
Cash payments | (113) | (125) | (208) | ||||||||
Other Productivity Initiatives | 16 | 12 | 90 | ||||||||
Other Productivity Initiatives, After Tax | $ 66 | ||||||||||
Other Productivity Initiatives, Net of Tax, Per Share Amount | $ 0.04 | ||||||||||
2014 Productivity Plan | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 295 | 160 | $ 169 | ||||||||
Restructuring Charges After Tax | 224 | 131 | 134 | ||||||||
Cash payments | (113) | (95) | (163) | ||||||||
Non-cash charges and translation | (52) | (50) | (38) | ||||||||
Restructuring Reserve | $ 226 | $ 96 | $ 81 | $ 113 | |||||||
Restructuring and impairment provisions, after-tax impact per share | $ 0.16 | $ 0.09 | $ 0.09 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | $ 1,034 | ||||||||||
2014 Productivity Plan | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 280 | $ 88 | $ 59 | ||||||||
Cash payments | (91) | (46) | (76) | ||||||||
Non-cash charges and translation | (65) | (15) | (11) | ||||||||
Restructuring Reserve | 212 | 88 | 61 | 89 | |||||||
Restructuring and Related Cost, Cost Incurred to Date | 627 | ||||||||||
2014 Productivity Plan | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 21 | 36 | 24 | ||||||||
Cash payments | 0 | 0 | 0 | ||||||||
Non-cash charges and translation | (21) | (36) | (24) | ||||||||
Restructuring Reserve | 0 | 0 | 0 | 0 | |||||||
Restructuring and Related Cost, Cost Incurred to Date | 154 | ||||||||||
2014 Productivity Plan | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | (6) | 36 | 86 | ||||||||
Cash payments | (22) | (49) | (87) | ||||||||
Non-cash charges and translation | 34 | 1 | (3) | ||||||||
Restructuring Reserve | 14 | 8 | 20 | $ 24 | |||||||
Restructuring and Related Cost, Cost Incurred to Date | 253 | ||||||||||
2014 Productivity Plan | FLNA | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 67 | 13 | 26 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 163 | ||||||||||
2014 Productivity Plan | FLNA | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 67 | 10 | 18 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 131 | ||||||||||
2014 Productivity Plan | FLNA | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 0 | 0 | (1) | [1] | |||||||
Restructuring and Related Cost, Cost Incurred to Date | 9 | ||||||||||
2014 Productivity Plan | FLNA | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 0 | 3 | 9 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 23 | ||||||||||
2014 Productivity Plan | QFNA | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 11 | 1 | 3 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 32 | ||||||||||
2014 Productivity Plan | QFNA | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 11 | 0 | 0 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 26 | ||||||||||
2014 Productivity Plan | QFNA | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 0 | 0 | 0 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 0 | ||||||||||
2014 Productivity Plan | QFNA | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 0 | 1 | 3 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 6 | ||||||||||
2014 Productivity Plan | NAB | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 54 | 35 | 31 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 301 | ||||||||||
2014 Productivity Plan | NAB | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 52 | 18 | 10 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 149 | ||||||||||
2014 Productivity Plan | NAB | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 1 | 8 | 4 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 69 | ||||||||||
2014 Productivity Plan | NAB | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 1 | 9 | 17 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 83 | ||||||||||
2014 Productivity Plan | Latin America | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 63 | 27 | 28 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 152 | ||||||||||
2014 Productivity Plan | Latin America | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 57 | 29 | 2 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 109 | ||||||||||
2014 Productivity Plan | Latin America | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 16 | 0 | 10 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 29 | ||||||||||
2014 Productivity Plan | Latin America | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | (10) | [1] | (2) | [1] | 16 | ||||||
Restructuring and Related Cost, Cost Incurred to Date | 14 | ||||||||||
2014 Productivity Plan | ESSA | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 53 | 60 | 62 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 227 | ||||||||||
2014 Productivity Plan | ESSA | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 46 | 21 | 26 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 127 | ||||||||||
2014 Productivity Plan | ESSA | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 4 | 22 | 11 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 41 | ||||||||||
2014 Productivity Plan | ESSA | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 3 | 17 | 25 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 59 | ||||||||||
2014 Productivity Plan | AMENA | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | (3) | 14 | 10 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 44 | ||||||||||
2014 Productivity Plan | AMENA | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 2 | 4 | 2 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 23 | ||||||||||
2014 Productivity Plan | AMENA | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 0 | 6 | 0 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 6 | ||||||||||
2014 Productivity Plan | AMENA | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | (5) | [2] | 4 | 8 | |||||||
Restructuring and Related Cost, Cost Incurred to Date | 15 | ||||||||||
2014 Productivity Plan | Corporate | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 50 | 10 | 9 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 115 | ||||||||||
2014 Productivity Plan | Corporate | Severance And Other Employee Costs | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 45 | 6 | 1 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 62 | ||||||||||
2014 Productivity Plan | Corporate | Asset Impairments | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 0 | 0 | 0 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | 0 | ||||||||||
2014 Productivity Plan | Corporate | Other Restructuring [Member] | |||||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||||
Restructuring, Settlement and Impairment Provisions | 5 | $ 4 | $ 8 | ||||||||
Restructuring and Related Cost, Cost Incurred to Date | $ 53 | ||||||||||
|
X | ||||||||||
- Definition Other Productivity Initiatives No definition available.
|
X | ||||||||||
- Definition Other Productivity Initiatives, After Tax No definition available.
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X | ||||||||||
- Definition Other Productivity Initiatives, Net of Tax, Per Share Amount No definition available.
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X | ||||||||||
- Definition Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount No definition available.
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X | ||||||||||
- Definition Restructuring, Settlement and Impairment Provisions, after tax No definition available.
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X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of costs incurred to date for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of decrease in the reserve for full or partial settlement through consideration other than cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring, Impairment and Integration Charges (Summary of 2012 Productivity Plan Charges) (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | |||
---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
Dec. 27, 2014 |
|
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | $ 295 | $ 160 | $ 230 | |
Payments for Restructuring | 113 | 125 | 208 | |
2012 Productivity Plan [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring Reserve | 0 | 38 | $ 33 | |
Restructuring, Settlement and Impairment Provisions | 0 | 0 | 61 | |
Restructuring Charges After Tax | $ 50 | |||
Restructuring and impairment provisions, after-tax impact per share | $ 0.03 | |||
Restructuring and Related Cost, Cost Incurred to Date | 894 | |||
Payments for Restructuring | (30) | $ (45) | ||
Restructuring Reserve, Settled without Cash | (8) | (11) | ||
2012 Productivity Plan [Member] | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring Reserve | 0 | 35 | 28 | |
Restructuring, Settlement and Impairment Provisions | 39 | |||
Restructuring and Related Cost, Cost Incurred to Date | 560 | |||
Payments for Restructuring | (28) | (24) | ||
Restructuring Reserve, Settled without Cash | (7) | (8) | ||
2012 Productivity Plan [Member] | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring Reserve | 0 | 0 | 0 | |
Restructuring, Settlement and Impairment Provisions | 4 | |||
Restructuring and Related Cost, Cost Incurred to Date | 91 | |||
Payments for Restructuring | 0 | 0 | ||
Restructuring Reserve, Settled without Cash | 0 | (4) | ||
2012 Productivity Plan [Member] | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring Reserve | 0 | 3 | $ 5 | |
Restructuring, Settlement and Impairment Provisions | 18 | |||
Restructuring and Related Cost, Cost Incurred to Date | 243 | |||
Payments for Restructuring | (2) | (21) | ||
Restructuring Reserve, Settled without Cash | $ (1) | 1 | ||
2012 Productivity Plan [Member] | FLNA | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 124 | |||
2012 Productivity Plan [Member] | FLNA | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 91 | |||
2012 Productivity Plan [Member] | FLNA | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 8 | |||
2012 Productivity Plan [Member] | FLNA | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 25 | |||
2012 Productivity Plan [Member] | QFNA | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 28 | |||
2012 Productivity Plan [Member] | QFNA | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 18 | |||
2012 Productivity Plan [Member] | QFNA | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 0 | |||
2012 Productivity Plan [Member] | QFNA | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 10 | |||
2012 Productivity Plan [Member] | NAB | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 2 | |||
Restructuring and Related Cost, Cost Incurred to Date | 199 | |||
2012 Productivity Plan [Member] | NAB | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 107 | |||
2012 Productivity Plan [Member] | NAB | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 44 | |||
2012 Productivity Plan [Member] | NAB | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 2 | |||
Restructuring and Related Cost, Cost Incurred to Date | 48 | |||
2012 Productivity Plan [Member] | Latin America | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 8 | |||
Restructuring and Related Cost, Cost Incurred to Date | 127 | |||
2012 Productivity Plan [Member] | Latin America | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 6 | |||
Restructuring and Related Cost, Cost Incurred to Date | 98 | |||
2012 Productivity Plan [Member] | Latin America | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 1 | |||
Restructuring and Related Cost, Cost Incurred to Date | 11 | |||
2012 Productivity Plan [Member] | Latin America | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 1 | |||
Restructuring and Related Cost, Cost Incurred to Date | 18 | |||
2012 Productivity Plan [Member] | ESSA | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 27 | |||
Restructuring and Related Cost, Cost Incurred to Date | 225 | |||
2012 Productivity Plan [Member] | ESSA | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 15 | |||
Restructuring and Related Cost, Cost Incurred to Date | 136 | |||
2012 Productivity Plan [Member] | ESSA | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 23 | |||
2012 Productivity Plan [Member] | ESSA | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 12 | |||
Restructuring and Related Cost, Cost Incurred to Date | 66 | |||
2012 Productivity Plan [Member] | AMENA | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 20 | |||
Restructuring and Related Cost, Cost Incurred to Date | 97 | |||
2012 Productivity Plan [Member] | AMENA | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 15 | |||
Restructuring and Related Cost, Cost Incurred to Date | 75 | |||
2012 Productivity Plan [Member] | AMENA | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 3 | |||
Restructuring and Related Cost, Cost Incurred to Date | 5 | |||
2012 Productivity Plan [Member] | AMENA | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 2 | |||
Restructuring and Related Cost, Cost Incurred to Date | 17 | |||
2012 Productivity Plan [Member] | Corporate | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 4 | |||
Restructuring and Related Cost, Cost Incurred to Date | 94 | |||
2012 Productivity Plan [Member] | Corporate | Severance And Other Employee Costs | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 3 | |||
Restructuring and Related Cost, Cost Incurred to Date | 35 | |||
2012 Productivity Plan [Member] | Corporate | Asset Impairments | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | 0 | |||
Restructuring and Related Cost, Cost Incurred to Date | 0 | |||
2012 Productivity Plan [Member] | Corporate | Other Restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring, Settlement and Impairment Provisions | $ 1 | |||
Restructuring and Related Cost, Cost Incurred to Date | $ 59 |
X | ||||||||||
- Definition Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount No definition available.
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X | ||||||||||
- Definition Restructuring, Settlement and Impairment Provisions, after tax No definition available.
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X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of costs incurred to date for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of decrease in the reserve for full or partial settlement through consideration other than cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring, Impairment and Integration Charges Other Productivity Charges (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Restructuring and Related Activities [Abstract] | |||
Other Productivity Initiatives | $ 16 | $ 12 | $ 90 |
Other Productivity Initiatives, After Tax | $ 66 | ||
Other Productivity Initiatives, Net of Tax, Per Share Amount | $ 0.04 |
X | ||||||||||
- Definition Other Productivity Initiatives No definition available.
|
X | ||||||||||
- Definition Other Productivity Initiatives, After Tax No definition available.
|
X | ||||||||||
- Definition Other Productivity Initiatives, Net of Tax, Per Share Amount No definition available.
|
X | ||||||||||
- References No definition available.
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Property, Plant and Equipment and Intangible Assets (Schedule of Property, Plant and Equipment and Intangible Assets) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Property, Plant and Equipment [Line Items] | |||
Nonamortizable Intangible Assets | $ 27,314 | $ 26,626 | $ 25,988 |
Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments | 688 | 638 | |
Property, plant and equipment, net: | |||
Property, plant and equipment, gross | 39,106 | 36,818 | |
Accumulated depreciation | (21,866) | (20,227) | |
Property, Plant and Equipment, net | 17,240 | 16,591 | |
Depreciation | 2,227 | 2,217 | 2,248 |
Amortizable intangible assets, net: | |||
Amortizable intangible assets, gross | 2,807 | 2,732 | |
Accumulated amortization | (1,539) | (1,495) | |
Amortizable intangible assets, net | 1,268 | 1,237 | |
Amortization of intangible assets | 68 | 70 | 75 |
Land [Member] | |||
Property, plant and equipment, net: | |||
Property, plant and equipment, gross | $ 1,148 | 1,153 | |
Land [Member] | Minimum | |||
Property, plant and equipment, net: | |||
Average Useful Life (Years) | 0 years | ||
Land [Member] | Maximum | |||
Property, plant and equipment, net: | |||
Average Useful Life (Years) | 0 years | ||
Buildings And Improvements | |||
Property, plant and equipment, net: | |||
Property, plant and equipment, gross | $ 8,796 | 8,306 | |
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 | $ 27,018 | 25,277 | |
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 | $ 2,144 | 2,082 | |
Acquired Franchise Rights | |||
Amortizable intangible assets, net: | |||
Amortizable intangible assets, gross | 858 | 827 | |
Accumulated amortization | (128) | (108) | |
Amortizable intangible assets, net | $ 730 | 719 | |
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 | $ 106 | 106 | |
Accumulated amortization | (104) | (102) | |
Amortizable intangible assets, net | $ 2 | 4 | |
Reacquired Franchise Rights | Minimum | |||
Amortizable intangible assets, net: | |||
Average Useful Life (Years) | 5 years | ||
Reacquired Franchise Rights | Maximum | |||
Amortizable intangible assets, net: | |||
Average Useful Life (Years) | 14 years | ||
Other Identifiable Intangibles | |||
Amortizable intangible assets, net: | |||
Amortizable intangible assets, gross | $ 521 | 522 | |
Accumulated amortization | (281) | (308) | |
Amortizable intangible assets, net | $ 240 | 214 | |
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 | ||
ESSA | |||
Property, Plant and Equipment [Line Items] | |||
Nonamortizable Intangible Assets | $ 6,741 | 6,207 | 5,932 |
Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments | 534 | 275 | |
Amortizable intangible assets, net: | |||
Amortization of intangible assets | 22 | 18 | 20 |
AMENA | |||
Property, Plant and Equipment [Line Items] | |||
Nonamortizable Intangible Assets | 539 | 515 | 523 |
Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments | 24 | (8) | |
Amortizable intangible assets, net: | |||
Amortization of intangible assets | 3 | 3 | 3 |
Goodwill [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Nonamortizable Intangible Assets | 14,744 | 14,430 | 14,177 |
Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments | 314 | 253 | |
Goodwill [Member] | ESSA | |||
Property, Plant and Equipment [Line Items] | |||
Nonamortizable Intangible Assets | 3,452 | 3,177 | 3,042 |
Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments | 275 | 135 | |
Goodwill [Member] | AMENA | |||
Property, Plant and Equipment [Line Items] | |||
Nonamortizable Intangible Assets | 428 | 412 | $ 418 |
Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments | $ 16 | $ (6) |
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- Definition Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments No definition available.
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X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date for goodwill and indefinite lived intangible assets. No definition available.
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X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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Property, Plant and Equipment and Intangible Assets (Future Amortization) (Details) $ in Millions |
Dec. 30, 2017
USD ($)
|
---|---|
Property, Plant And Equipment And Intangible Assets [Abstract] | |
2016 | $ 69 |
2017 | 64 |
2018 | 64 |
2019 | 62 |
2020 | $ 60 |
X | ||||||||||
- Definition Property Plant And Equipment And Intangible Assets [Abstract] No definition available.
|
X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Property, Plant and Equipment and Intangible Assets (Schedule of Change in Book Value of Nonamortizable Intangible Assets) (Details) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
|
Property, Plant and Equipment [Line Items] | ||
Finite-Lived Intangible Assets, Net | $ 1,268 | $ 1,237 |
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 26,626 | 25,988 |
Translation and Other | 688 | 638 |
Balance, Ending | 27,314 | 26,626 |
Finite-Lived Intangible Assets, Gross | 2,807 | 2,732 |
Finite-Lived Intangible Assets, Accumulated Amortization | 1,539 | 1,495 |
FLNA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 293 | 289 |
Translation and Other | 12 | 4 |
Balance, Ending | 305 | 293 |
NAB | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 18,733 | 18,411 |
Translation and Other | 125 | 322 |
Balance, Ending | 18,858 | 18,733 |
Latin America | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 703 | 658 |
Translation and Other | (7) | 45 |
Balance, Ending | 696 | 703 |
ESSA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 6,207 | 5,932 |
Translation and Other | 534 | 275 |
Balance, Ending | 6,741 | 6,207 |
AMENA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 515 | 523 |
Translation and Other | 24 | (8) |
Balance, Ending | 539 | 515 |
Goodwill [Member] | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 14,430 | 14,177 |
Translation and Other | 314 | 253 |
Balance, Ending | 14,744 | 14,430 |
Goodwill [Member] | FLNA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 270 | 267 |
Translation and Other | 10 | 3 |
Balance, Ending | 280 | 270 |
Goodwill [Member] | QFNA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 175 | 175 |
Translation and Other | 0 | 0 |
Balance, Ending | 175 | 175 |
Goodwill [Member] | NAB | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 9,843 | 9,754 |
Translation and Other | 11 | 89 |
Balance, Ending | 9,854 | 9,843 |
Goodwill [Member] | Latin America | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 553 | 521 |
Translation and Other | 2 | 32 |
Balance, Ending | 555 | 553 |
Goodwill [Member] | ESSA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 3,177 | 3,042 |
Translation and Other | 275 | 135 |
Balance, Ending | 3,452 | 3,177 |
Goodwill [Member] | AMENA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 412 | 418 |
Translation and Other | 16 | (6) |
Balance, Ending | 428 | 412 |
Reacquired Franchise Rights | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 7,552 | 7,530 |
Translation and Other | 123 | 22 |
Balance, Ending | 7,675 | 7,552 |
Reacquired Franchise Rights | NAB | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 7,064 | 7,042 |
Translation and Other | 62 | 22 |
Balance, Ending | 7,126 | 7,064 |
Reacquired Franchise Rights | ESSA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 488 | 488 |
Translation and Other | 61 | |
Balance, Ending | 549 | 488 |
Acquired Franchise Rights | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 1,696 | 1,697 |
Translation and Other | 24 | (1) |
Balance, Ending | 1,720 | 1,696 |
Acquired Franchise Rights | NAB | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 1,512 | 1,507 |
Translation and Other | 13 | 5 |
Balance, Ending | 1,525 | 1,512 |
Acquired Franchise Rights | ESSA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 184 | 190 |
Translation and Other | 11 | (6) |
Balance, Ending | 195 | 184 |
Brands [Member] | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 2,948 | 2,584 |
Translation and Other | 227 | 364 |
Balance, Ending | 3,175 | 2,948 |
Brands [Member] | FLNA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 23 | 22 |
Translation and Other | 2 | 1 |
Balance, Ending | 25 | 23 |
Brands [Member] | NAB | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 314 | 108 |
Translation and Other | 39 | 206 |
Balance, Ending | 353 | 314 |
Brands [Member] | Latin America | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 150 | 137 |
Translation and Other | (9) | 13 |
Balance, Ending | 141 | 150 |
Brands [Member] | ESSA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 2,358 | 2,212 |
Translation and Other | 187 | 146 |
Balance, Ending | 2,545 | 2,358 |
Brands [Member] | AMENA | ||
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Balance, Beginning | 103 | 105 |
Translation and Other | 8 | (2) |
Balance, Ending | 111 | 103 |
Brands [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Finite-Lived Intangible Assets, Net | 296 | 300 |
Intangible Assets (Including Goodwill) [Roll Forward] | ||
Finite-Lived Intangible Assets, Gross | 1,322 | 1,277 |
Finite-Lived Intangible Assets, Accumulated Amortization | $ 1,026 | $ 977 |
Minimum | Brands [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 20 years | |
Maximum | Brands [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 40 years |
X | ||||||||||
- Definition Goodwill and Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments No definition available.
|
X | ||||||||||
- Definition Intangible Assets (Including Goodwill) [Roll Forward] No definition available.
|
X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date for goodwill and indefinite lived intangible assets. No definition available.
|
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- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
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- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Income Taxes (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Income Tax Contingency [Line Items] | |||
Federal Statutory Tax Rate, Pre TCJ Act | 35.00% | ||
Federal Statutory Tax Rate, Post TCJ Act | 0.00% | ||
Provisional net tax expense related to the TCJ Act | $ 2,451 | $ 0 | $ 0 |
Total gross amount of reserves for income taxes | 2,200 | ||
Interest accrued | 283 | 193 | |
Interest accrued recognized | 89 | $ 61 | |
Operating loss carryforwards | 12,600 | ||
Income tax undistributed international earnings | 42,500 | ||
Mandatory OneTime Repatriation TCJ ACT | 4,000 | ||
Remeasurement of Deferred Taxes TCJ Act | 1,500 | ||
Foreign Earnings Repatriated | $ 20,000 | ||
Effective Income Tax Rate Reconciliation, Percent | 48.90% | 25.40% | 26.10% |
undistributed earnings of foreign subsidiaries, post distribution | $ 22,500 | ||
Expire in 2016 | |||
Income Tax Contingency [Line Items] | |||
Operating loss carryforwards | 200 | ||
Expire Between 2017 and 2035 Years | |||
Income Tax Contingency [Line Items] | |||
Operating loss carryforwards | 11,100 | ||
Carried Forward Indefinitely | |||
Income Tax Contingency [Line Items] | |||
Operating loss carryforwards | $ 1,300 |
X | ||||||||||
- Definition Federal Statutory Tax Rate, Post TCJ Act No definition available.
|
X | ||||||||||
- Definition Federal Statutory Tax Rate, Pre TCJ Act No definition available.
|
X | ||||||||||
- Definition Mandatory OneTime Repatriation TCJ ACT No definition available.
|
X | ||||||||||
- Definition Provisional net tax expense related to the TCJ Act No definition available.
|
X | ||||||||||
- Definition Remeasurement of Deferred Taxes TCJ Act No definition available.
|
X | ||||||||||
- Definition Total gross amount of reserves for income taxes No definition available.
|
X | ||||||||||
- Definition Undistributed Earnings of Foreign Subsidiaries, Post Distribution No definition available.
|
X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of foreign earnings repatriated from subsidiaries outside the country of domicile. No definition available.
|
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes (Income Taxes) (Details) - USD ($) $ in Millions |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Income Tax Contingency [Line Items] | ||||||
Mandatory OneTime Repatriation TCJ ACT | $ 4,000 | |||||
Federal Statutory Tax Rate, Pre TCJ Act | 35.00% | |||||
Income before income taxes in U.S | 3,452 | $ 2,630 | $ 2,879 | |||
Income before income taxes in Foreign | 6,150 | 5,923 | 4,563 | |||
Income before income taxes | 9,602 | 8,553 | 7,442 | |||
Provision for income taxes | ||||||
Current: U.S. Federal | 4,925 | 1,219 | 1,143 | |||
Current: Foreign | 724 | 824 | 773 | |||
Current: State | 136 | 77 | 65 | |||
Provision for income taxes, Current total | 5,785 | 2,120 | 1,981 | |||
Deferred: U.S. Federal | (1,159) | 109 | (14) | |||
Deferred: Foreign | (9) | (33) | (32) | |||
Deferred: State | 77 | (22) | 6 | |||
Provision for income taxes, Deferred total | (1,091) | 54 | (40) | |||
Provision for income taxes | $ 4,694 | $ 2,174 | $ 1,941 | |||
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 | 0.90% | 0.40% | 0.60% | |||
Lower taxes on foreign results | (9.40%) | (8.00%) | (10.50%) | |||
Impact of Venezuela impairment charges | 0.00% | 0.00% | 6.40% | |||
Provisional One Time Mandatory Repatriation TCJ Act, Percent | 41.40% | 0.00% | 0.00% | |||
Remeasurement of Deferred Taxes TCJ Act, Percent | (15.90%) | 0.00% | 0.00% | |||
Tax benefits | 0.00% | 0.00% | (3.10%) | |||
Other, net | (3.10%) | (2.00%) | (2.30%) | |||
Annual tax rate | 48.90% | 25.40% | 26.10% | |||
Deferred tax liabilities | ||||||
Debt guarantee of wholly-owned subsidiary | $ 578 | $ 839 | ||||
Property, plant and equipment | 1,397 | 1,967 | ||||
Intangible assets other than nondeductible goodwill | 3,169 | 4,124 | ||||
Other | 50 | 245 | ||||
Gross deferred tax liabilities | 5,194 | 7,175 | ||||
Deferred tax assets | ||||||
Net carryforwards | 1,400 | 1,255 | ||||
Share-based compensation | 107 | 219 | ||||
Retiree medical benefits | 198 | 316 | ||||
Other employee-related benefits | 338 | 614 | ||||
Pension benefits | 22 | 419 | ||||
Deductible state tax and interest benefits | 157 | 189 | ||||
Other | 893 | 839 | ||||
Gross deferred tax assets | 3,115 | 3,851 | ||||
Valuation allowances | $ (1,110) | $ (1,136) | $ (1,230) | (1,163) | (1,110) | $ (1,136) |
Deferred tax assets, net | 1,952 | 2,741 | ||||
Net deferred tax liabilities | 3,242 | 4,434 | ||||
Prepaid expenses and other current assets | 1,546 | 908 | ||||
Deferred income taxes | 3,242 | 4,434 | ||||
Valuation Allowance [Abstract] | ||||||
Balance, beginning of year | (1,110) | (1,136) | (1,230) | |||
Provision/(benefit) | $ 33 | $ 13 | $ (26) | |||
Other additions/(deductions) | 20 | (39) | (68) | |||
Balance, end of year | (1,163) | $ (1,110) | $ (1,136) | |||
Tax Settlement, Years 2010-2011 [Member] | ||||||
Income Tax Contingency [Line Items] | ||||||
non cash tax benefit | $ 230 |
X | ||||||||||
- Definition The tax effect as of the balance sheet date of the amount of estimated future tax deductions arising from state tax and interest benefits. No definition available.
|
X | ||||||||||
- Definition Deferred tax liabilities debt guarantee of wholly owned subsidiary. No definition available.
|
X | ||||||||||
- Definition Federal Statutory Tax Rate, Pre TCJ Act No definition available.
|
X | ||||||||||
- Definition Impact of Venezuela impairment charges No definition available.
|
X | ||||||||||
- Definition Mandatory OneTime Repatriation TCJ ACT No definition available.
|
X | ||||||||||
- Definition non cash tax benefit No definition available.
|
X | ||||||||||
- Definition Provisional One Time Mandatory Repatriation TCJ Act, Percent No definition available.
|
X | ||||||||||
- Definition Remeasurement of Deferred Taxes TCJ Act, Percent No definition available.
|
X | ||||||||||
- Definition The change in valuation allowance resulting from the benefit or provision in the current reporting period. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from compensation and benefits, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from pension benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from intangible assets other than goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax settlements. Including, but not limited to, domestic tax settlement, foreign tax settlement, state and local tax settlement, and other tax settlements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes (Reserves Rollforward) (Details) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
|
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ||
Balance, beginning of year | $ 1,885 | $ 1,547 |
Additions for tax positions related to the current year | 309 | 349 |
Additions for tax positions from prior years | 86 | 139 |
Reductions for tax positions from prior years | (51) | (70) |
Settlement payments | (4) | (26) |
Statutes of limitations expiration | (33) | (27) |
Translation and other | 20 | (27) |
Balance, end of period | $ 2,212 | $ 1,885 |
X | ||||||||||
- Definition The gross amount of increases or decreases in unrecognized tax benefits resulting from translation and other activity. No definition available.
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from settlements with taxing authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share-Based Compensation Share-Based Compensation (Narrative) (Details) shares in Millions, $ in Millions |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 30, 2017
USD ($)
option / rsu
shares
|
Dec. 31, 2016
USD ($)
|
Dec. 26, 2015
USD ($)
|
||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||
Common stock, capital shares reserved for future issuance | shares | 74 | |||||
Allocated Share-based Compensation Expense | $ 292 | $ 284 | $ 295 | |||
Allocated Share-Based Compensation Liability Awards | 13 | 5 | 0 | |||
Restructuring, Settlement and Impairment Provisions, Share-based Compensation | (2) | 5 | 4 | |||
Allocated Share-based Compensation Expense, After Merger/Integration and Restructuring/Impairment | 303 | 294 | 299 | |||
Income tax benefits recognized in earnings related to share-based compensation | 89 | [1] | $ 91 | $ 77 | ||
Unrecognized compensation cost related to nonvested share-based compensation grants | $ 314 | |||||
Weighted-average period for recognizing unrecognized compensation | 2 years | |||||
Acquisition-related awards remaining vesting period | 3 years | |||||
Percent of liability awards granted to senior officers | 34.00% | 40.00% | ||||
PEPunit | ||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||
Acquisition-related awards remaining vesting period | 3 years | |||||
Restricted Stock Units (RSUs) | ||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||
Award equivalence, ratio of stock options to RSUs | option / rsu | 4 | |||||
Stock Options | ||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||
Stock option exercisable life | 10 years | |||||
Award equivalence, ratio of stock options to RSUs | option / rsu | 1 | |||||
PEP Equity Performance Unit [Member] | ||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||
Percent of equity awards granted to Senior Officers as performance-based RSUs | 66.00% | 60.00% | ||||
|
X | ||||||||||
- Definition Allocated Share-Based Compensation Liability Awards No definition available.
|
X | ||||||||||
- Definition Allocated Share-based Compensation Expense, After Merger/Integration and Restructuring/Impairment No definition available.
|
X | ||||||||||
- Definition Percent Of Equity Awards Granted To Certain Senior Executives No definition available.
|
X | ||||||||||
- Definition Percent of liability awards granted Certain Senior Executives No definition available.
|
X | ||||||||||
- Definition Restructuring, Settlement and Impairment Provisions, Share-based Compensation No definition available.
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Award Equivalence, Ratio of Stock Options to RSUs No definition available.
|
X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Share-Based Compensation Share-Based Compensation (Schedule of Weighted-Average Black-Scholes Fair Value Assumptions) (Details) |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Share-based Compensation [Abstract] | |||
Expected life | 5 years | 6 years | 7 years |
Risk-free interest rate | 2.00% | 1.40% | 1.80% |
Expected volatility | 11.00% | 12.00% | 15.00% |
Expected dividend yield | 2.70% | 2.70% | 2.70% |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share-Based Compensation Share-Based Compensation (Stock Option Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||||||||||
Outstanding at December 31, 2016 | [1] | 25,190 | |||||||||
Granted | [2] | 1,481 | [1] | 1,743 | 1,884 | ||||||
Exercised | [1] | (7,136) | |||||||||
Forfeited/expired | [1] | (522) | |||||||||
Outstanding at December 30, 2017 | [1] | 19,013 | 25,190 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | |||||||||||
Outstanding at December 31, 2016 (in USD per share) | $ 69.88 | ||||||||||
Granted (in USD per share) | 110.15 | ||||||||||
Exercised (in USD per share) | 65.31 | ||||||||||
Forfeited/expired (in USD per share) | 88.36 | ||||||||||
Outstanding at December 30, 2017 (in USD per share) | $ 74.23 | $ 69.88 | |||||||||
Outstanding at December 30, 2017 - average life | 4 years 2 months 19 days | ||||||||||
Outstanding Aggregate Intrinsic Value, at December 30, 2017 | [3] | $ 868,750 | |||||||||
Exercisable at December 30, 2017 | [1] | 14,589 | |||||||||
Exercisable at December 30, 2017 - average price | $ 65.60 | ||||||||||
Exercisable at December 30, 2017 - average life | 3 years 7 days | ||||||||||
Exercisable Aggregate Intrinsic Value, at December 30, 2017 | [3] | $ 792,560 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | [1] | 3,994 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ 102.50 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term | 8 years 1 month 24 days | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | [3] | $ 69,578 | |||||||||
|
X | ||||||||||
- Definition The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of fully vested and expected to vest options outstanding that can be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
X | ||||||||||
- Definition The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for fully vested and expected to vest options outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share-Based Compensation Share-Based Compensation (Restricted Stock Units and PEPUnits Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
12 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|||||||||||||||||
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 | [1] | 8,237 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | [1] | 7,293 | [2] | 8,237 | |||||||||||||||
Expected to Vest as of December 30, 2017 | [1] | 6,695 | |||||||||||||||||
Granted (b) | [1],[3] | 2,824 | |||||||||||||||||
Converted | [1] | (3,226) | |||||||||||||||||
Forfeited | [1] | (608) | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 109.92 | [3] | $ 99.06 | $ 99.17 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | 82.56 | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | 100.17 | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value | $ 102.30 | [2] | $ 91.81 | ||||||||||||||||
Outstanding, average life, at December 30, 2017 | [2] | 1 year 3 months 29 days | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Aggregate Intrinsic Value | [1],[2] | $ 874,517 | |||||||||||||||||
Expected to vest as of December 30, 2017 (in USD per share) | $ 102.00 | ||||||||||||||||||
Expected to vest, average life, at December 30, 2017 | 1 year 3 months 4 days | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Aggregate Intrinsic Value | [1] | $ 802,826 | |||||||||||||||||
Performance Shares [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares | [1],[4] | 66 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Performance Assumption Change, Weighted Average Grant Date Fair Value, Amount per Share | [4] | $ 100.33 | |||||||||||||||||
Performance Shares [Member] | Maximum Award Level [Domain] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares Outstanding | [1],[2] | 1,500 | |||||||||||||||||
PepsiCo Equity Performance Unit [Domain] | |||||||||||||||||||
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 | [5] | 533 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | [5] | 248 | [6] | 533 | |||||||||||||||
Expected to Vest as of December 30, 2017 | [5] | 234 | |||||||||||||||||
Converted | [1] | (363) | |||||||||||||||||
Forfeited | [5] | (13) | |||||||||||||||||
Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares | [5],[7] | 91 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 68.94 | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 49.11 | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | 68.94 | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Performance Assumption Change, Weighted Average Grant Date Fair Value, Amount per Share | [7] | 50.74 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value | $ 68.94 | [6] | $ 59.86 | ||||||||||||||||
Outstanding, average life, at December 30, 2017 | [6] | 2 months 1 day | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Aggregate Intrinsic Value | [5],[6] | $ 29,734 | |||||||||||||||||
Expected to vest as of December 30, 2017 (in USD per share) | $ 68.94 | ||||||||||||||||||
Expected to vest, average life, at December 30, 2017 | 2 months 1 day | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Aggregate Intrinsic Value | [5] | $ 28,034 | |||||||||||||||||
PepsiCo Equity Performance Unit [Domain] | Target Award Level [Domain] [Domain] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares Outstanding | [1],[2] | 200 | |||||||||||||||||
PepsiCo Equity Performance Unit [Domain] | Maximum Award Level [Domain] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares Outstanding | [1],[2] | 400 | |||||||||||||||||
Target Award Level [Domain] [Domain] | Performance Shares [Member] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||
Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares Outstanding | [1],[2] | 900 | |||||||||||||||||
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Weighted Average Remaining Contractual Term No definition available.
|
X | ||||||||||
- Definition Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Performance Assumption Change, Intrinsic Value, Amount per Share No definition available.
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares No definition available.
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-Based Payment Award, Equity instruments other than options, Performance Assumption Adjustment, Shares Outstanding No definition available.
|
X | ||||||||||
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Per share weighted average intrinsic value of equity-based compensation awards not vested. Excludes stock and unit options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Number of shares under non-option equity instrument agreements that were either cancelled or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net number of non-option equity instruments granted to participants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of equity instruments other than options outstanding, including both vested and non-vested instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Intrinsic value of equity-based compensation awards not vested. Excludes stock and unit options. No definition available.
|
X | ||||||||||
- Definition Intrinsic value of equity-based compensation awards outstanding. Excludes stock and unit options. No definition available.
|
X | ||||||||||
- Definition Weighted average grant-date fair value of non-vested options outstanding. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Share-Based Compensation Share-Based Compensation (Other Stock-Based Compensation Data) (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||
Phantom Units Granted Under Director Deferral Program, Shares Outstanding | 250,000 | 254,000 | |||||||||||||||
Stock Options | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | [1] | 1,481,000 | [2] | 1,743,000 | 1,884,000 | ||||||||||||
Weighted-average grant-date fair value of options granted | $ 8.25 | $ 6.94 | $ 10.80 | ||||||||||||||
Total intrinsic value of options exercised (a) | [1] | $ 327,860 | $ 290,131 | $ 366,188 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | [1] | 23,122 | 18,840 | $ 21,837 | |||||||||||||
LiabilityAwards [Member] | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||
LiabilityAwardsNonvestedNumber | [3] | 33,200 | [4] | $ 15,670 | |||||||||||||
LiabilityAwardsNonvestedBalanceSheetFairValue | [3],[4] | $ 32,592 | |||||||||||||||
LiabilityAwardsNonvestedRemainingContractualTerm | 1 year 8 months 23 days | ||||||||||||||||
Equity Instruments Other Than Options | |||||||||||||||||
LiabilityAwardsGranted | [3],[5] | $ 19,060 | |||||||||||||||
LiabilityAwardsForfeituresExpirations | [3] | (1,530) | |||||||||||||||
LiabilityAwardsExpectedtoVest,Outstanding,Number | [3] | 29,590 | |||||||||||||||
LiabilityAwardsExpectedtoVest,BalanceSheetFairValue | [3] | $ 29,092 | |||||||||||||||
LiabilityAwardsExpectedtoVest,RemainingContractualTerm | 1 year 8 months 16 days | ||||||||||||||||
Restricted Stock Units (RSUs) | |||||||||||||||||
Equity Instruments Other Than Options | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | [1] | 2,824,000 | 3,054,000 | 2,759,000 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 109.92 | [6] | $ 99.06 | $ 99.17 | |||||||||||||
Total intrinsic value of converted units | [1] | $ 380,269 | $ 359,401 | $ 375,510 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | [1] | 264,923 | 257,648 | $ 257,831 | |||||||||||||
PEPUnit | |||||||||||||||||
Equity Instruments Other Than Options | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | [1] | 300,000 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 68.94 | ||||||||||||||||
Total intrinsic value of converted units | [1] | 39,782 | 38,558 | $ 37,705 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | [1] | 18,833 | $ 16,572 | $ 22,286 | |||||||||||||
Minimum Award Level [Domain] | PEP_LiabilityAwardsPerformanceBased [Member] | |||||||||||||||||
Equity Instruments Other Than Options | |||||||||||||||||
LiabilityAwardsPerformanceAssumptionAdjustmentAwardsOutstanding | 0 | ||||||||||||||||
Maximum | PEP_LiabilityAwardsPerformanceBased [Member] | |||||||||||||||||
Equity Instruments Other Than Options | |||||||||||||||||
LiabilityAwardsPerformanceAssumptionAdjustmentAwardsOutstanding | 66,400 | ||||||||||||||||
Target Award Level [Domain] [Domain] | PEP_LiabilityAwardsPerformanceBased [Member] | |||||||||||||||||
Equity Instruments Other Than Options | |||||||||||||||||
LiabilityAwardsPerformanceAssumptionAdjustmentAwardsOutstanding | $ 33,200 | ||||||||||||||||
|
X | ||||||||||
- Definition LiabilityAwardsExpectedtoVest,BalanceSheetFairValue No definition available.
|
X | ||||||||||
- Definition LiabilityAwardsExpectedtoVest,Outstanding,Number No definition available.
|
X | ||||||||||
- Definition LiabilityAwardsExpectedtoVest,RemainingContractualTerm No definition available.
|
X | ||||||||||
- Definition LiabilityAwardsForfeituresExpirations No definition available.
|
X | ||||||||||
- Definition LiabilityAwardsGranted No definition available.
|
X | ||||||||||
- Definition LiabilityAwardsNonvestedBalanceSheetFairValue No definition available.
|
X | ||||||||||
- Definition LiabilityAwardsNonvestedNumber No definition available.
|
X | ||||||||||
- Definition LiabilityAwardsNonvestedRemainingContractualTerm No definition available.
|
X | ||||||||||
- Definition Liability Awards Performance Assumption Adjustment Awards Outstanding No definition available.
|
X | ||||||||||
- Definition Phantom Units Granted Under Director Deferral Program, Shares Outstanding No definition available.
|
X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Converted, Total Intrinsic Value No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
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Pension, Retiree Medical and Savings Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2018 |
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Defined Benefit Plan Disclosure [Line Items] | ||||
Average remaining service period of active plan participants, pension expense | 11 | |||
Defined Benefit Plan, Average remaining life expectancy of Inactive Plan Participants, Pension Expense | 27 | |||
Average remaining service period of active plan participants, retiree medical expense | 7 | |||
Pension strategy investment term, years | 5 years | |||
Defined Contribution Plan, Cost | $ 176 | $ 164 | $ 148 | |
Pre-tax non-cash settlement charge, after-tax | 162 | |||
Change in accounting estimate | 125 | |||
Change in Accounting Estimate after Tax | $ 81 | |||
Change in Accounting Estimate per Share | $ 0.06 | |||
Cost Savings Related to Reorganization of U.S. Pension Plans | 42 | |||
Cost Savings Related to Reorganization of U.S. Pension Plans Net of Tax | $ 27 | |||
Cost Savings Related to Reorganization of U.S. Pension Plans Net of Tax, Earnings per Share | $ 0.02 | |||
Domestic Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Expected return on plan assets | 7.50% | 7.50% | 7.50% | |
Discretionary contribution to fund pension settlement | $ 452 | |||
Pre-tax non-cash settlement charge | $ 242 | |||
Pre-tax non-cash settlement charge, net of tax, per share | $ 0.11 | |||
Retiree Medical Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Expected return on plan assets | 7.50% | 7.50% | 7.50% | |
Scenario, Forecast [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 175 | |||
Scenario, Forecast [Member] | Domestic Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Expected return on plan assets | 7.20% | |||
Scenario, Forecast [Member] | Retiree Medical Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 75 | |||
Subsequent Event [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | 1,400 | |||
Subsequent Event [Member] | Funded Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 800 |
X | ||||||||||
- Definition Impact of changing the method used to calculate the service and interest cost components of net periodic benefit cost from a single weighted-average discount rate to the full yield curve approach, applying specific spot rates along the yield curve (after tax) No definition available.
|
X | ||||||||||
- Definition Impact of changing the method used to calculate the service and interest cost components of net periodic benefit cost from a single weighted-average discount rate to the full yield curve approach, applying specific spot rates along the yield curve (per share) No definition available.
|
X | ||||||||||
- Definition Impact of changing the method used to calculate the service and interest cost components of net periodic benefit cost from a single weighted-average discount rate to the full yield curve approach, applying specific spot rates along the yield curve No definition available.
|
X | ||||||||||
- Definition Cost Savings Related to Reorganization of U.S. Pension Plans due to change in amortization periods No definition available.
|
X | ||||||||||
- Definition Cost Savings Related to Reorganization of U.S. Pension Plans Net of Tax No definition available.
|
X | ||||||||||
- Definition Cost Savings Related to Reorganization of U.S. Pension Plans Net of Tax, Earnings per Share No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Average Remaining Service Period of Active Plan Participants, Pension Expense No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Average Remaining Service Period of Active Plan Participants, Retiree Medical Expense No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Average remaining life expectancy of Inactive Plan Participants, Pension Expense No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Expected Return on Certain Assets, Computation, Moving Average Term No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements, Net of Tax No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements, Net of Tax, Per Share No definition available.
|
X | ||||||||||
- Definition Payments for Defined Benefit Plan Settlement No definition available.
|
X | ||||||||||
- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of contributions expected to be received by defined benefit plan from employer in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk related to obligation and assets used to effect settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of cost for defined contribution plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Pension, Retiree Medical and Savings Plans (Selected Financial Information for Pension and Retiree Medical Plans) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Pension Plans, Defined Benefit | |||
Change in fair value of plan assets | |||
Employer contributions/funding | $ 164 | $ 659 | $ 162 |
Retiree Medical Plan | |||
Change in projected benefit liability | |||
Liability at beginning of year | 1,208 | 1,300 | |
Service cost | 28 | 31 | 35 |
Interest cost | 36 | 41 | 52 |
Plan amendments | (5) | (15) | |
Experience loss/(gain) | 21 | (51) | |
Special termination benefits | 2 | 1 | |
Other, including foreign currency adjustment | 4 | 1 | |
Liability at end of year | 1,187 | 1,208 | 1,300 |
Defined Benefit Plan, Plan Assets, Benefits Paid | 107 | 100 | |
Defined Benefit Plan, Benefit Obligation, Benefits Paid | 107 | 100 | |
Change in fair value of plan assets | |||
Fair value at beginning of year | 320 | 354 | |
Actual return on plan assets | 52 | 30 | |
Employer contributions/funding | 56 | 36 | 43 |
Fair value at end of year | 321 | 320 | 354 |
Funded status | (866) | (888) | |
Amounts recognized | |||
Other current liabilities | (75) | (54) | |
Other liabilities | (791) | (834) | |
Net amount recognized | (866) | (888) | |
Amounts included in accumulated other comprehensive loss (pre-tax) | |||
Net loss/(gain) | (189) | (193) | |
Prior service cost/(credit) | (71) | (91) | |
Total | (260) | (284) | |
Changes recognized in net loss/(gain) included in other comprehensive loss | |||
Net loss/(gain) arising in current year | (9) | (57) | |
Amortization and settlement recognition | 12 | 1 | |
Foreign currency translation loss/(gain) | 1 | 1 | |
Total | 4 | (55) | |
Domestic Plan [Member] | |||
Change in projected benefit liability | |||
Liability at beginning of year | 13,192 | 13,033 | |
Service cost | 401 | 393 | 435 |
Interest cost | 468 | 484 | 546 |
Plan amendments | 10 | 18 | |
Experience loss/(gain) | 1,529 | 614 | |
Settlement/curtailment | (58) | (1,014) | |
Special termination benefits | 60 | 11 | |
Liability at end of year | 14,777 | 13,192 | 13,033 |
Defined Benefit Plan, Plan Assets, Benefits Paid | 825 | 347 | |
Defined Benefit Plan, Benefit Obligation, Benefits Paid | 825 | 347 | |
Change in fair value of plan assets | |||
Fair value at beginning of year | 11,458 | 11,397 | |
Actual return on plan assets | 1,935 | 880 | |
Employer contributions/funding | 60 | 541 | |
Defined Benefit Plan, Plan Assets, Payment for Settlement | (46) | (1,013) | |
Fair value at end of year | 12,582 | 11,458 | 11,397 |
Funded status | (2,195) | (1,734) | |
Amounts recognized | |||
Other assets | 286 | ||
Other current liabilities | (74) | (42) | |
Other liabilities | (2,407) | (1,692) | |
Net amount recognized | (2,195) | (1,734) | |
Amounts included in accumulated other comprehensive loss (pre-tax) | |||
Net loss/(gain) | 3,520 | 3,220 | |
Prior service cost/(credit) | 29 | 20 | |
Total | 3,549 | 3,240 | |
Changes recognized in net loss/(gain) included in other comprehensive loss | |||
Net loss/(gain) arising in current year | 431 | 568 | |
Amortization and settlement recognition | (131) | (413) | |
Total | 300 | 155 | |
Accumulated benefit obligation at end of year | 13,732 | 12,211 | |
Foreign Plan [Member] | |||
Change in projected benefit liability | |||
Liability at beginning of year | 3,124 | 2,872 | |
Service cost | 91 | 80 | 99 |
Interest cost | 89 | 94 | 115 |
Plan amendments | 2 | ||
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant | 2 | 2 | |
Experience loss/(gain) | 5 | 560 | |
Settlement/curtailment | (22) | (19) | |
Special termination benefits | 1 | ||
Other, including foreign currency adjustment | 303 | (383) | |
Liability at end of year | 3,490 | 3,124 | 2,872 |
Defined Benefit Plan, Plan Assets, Benefits Paid | 104 | 83 | |
Defined Benefit Plan, Benefit Obligation, Benefits Paid | 104 | 83 | |
Change in fair value of plan assets | |||
Fair value at beginning of year | 2,894 | 2,823 | |
Participant contributions | 2 | 2 | |
Actual return on plan assets | 288 | 409 | |
Employer contributions/funding | 104 | 118 | |
Defined Benefit Plan, Plan Assets, Payment for Settlement | (18) | (22) | |
Other, including foreign currency adjustment | 294 | (353) | |
Fair value at end of year | 3,460 | 2,894 | $ 2,823 |
Funded status | (30) | (230) | |
Amounts recognized | |||
Other assets | 85 | 51 | |
Other current liabilities | (1) | (1) | |
Other liabilities | (114) | (280) | |
Net amount recognized | (30) | (230) | |
Amounts included in accumulated other comprehensive loss (pre-tax) | |||
Net loss/(gain) | 782 | 884 | |
Prior service cost/(credit) | (3) | (5) | |
Total | 779 | 879 | |
Changes recognized in net loss/(gain) included in other comprehensive loss | |||
Net loss/(gain) arising in current year | (115) | 314 | |
Amortization and settlement recognition | (60) | (46) | |
Foreign currency translation loss/(gain) | 73 | (117) | |
Total | (102) | 151 | |
Accumulated benefit obligation at end of year | $ 2,985 | $ 2,642 |
X | ||||||||||
- Definition Components of decrease increase in net loss change in discount rate No definition available.
|
X | ||||||||||
- Definition Components of decrease increase in net loss employee related assumption changes No definition available.
|
X | ||||||||||
- Definition Components of decrease increase in net loss liability related experience different from assumptions No definition available.
|
X | ||||||||||
- Definition The amount of increase or decrease in benefit obligation due to settlements and curtailment. No definition available.
|
X | ||||||||||
- Definition Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, of accumulated other comprehensive (income) loss for defined benefit plan, that has not been recognized in net periodic benefit cost (credit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount, before tax, of accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan, that has not been recognized in net periodic benefit (cost) credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, of accumulated other comprehensive (income) loss for cost (credit) of benefit change attributable to participants' prior service from plan amendment or plan initiation of defined benefit plan, that has not been recognized in net periodic benefit cost (credit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in plan assets of defined benefit plan from actual return (loss) determined by change in fair value of plan assets adjusted for contributions, benefit payments, and other expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of gain (loss) from change in actuarial assumptions which (increases) decreases benefit obligation of defined benefit plan. Assumptions include, but are not limited to, interest, mortality, employee turnover, salary, and temporary deviation from substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset (liability), recognized in statement of financial position, for defined benefit pension and other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount, before tax, after reclassification adjustment, of increase (decrease) in accumulated other comprehensive income from gain (loss) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of payment to participant of defined benefit plan which decreases benefit obligation. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of contributions received by defined benefit plan from participant which increase benefit obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of contribution received by defined benefit plan from employer which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which (increases) decreases benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of funded (unfunded) status of defined benefit plan, measured as difference between fair value of plan assets and benefit obligation. Includes, but is not limited to, overfunded (underfunded) status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase (decrease) in benefit obligation of defined benefit plan from change in terms of existing plan or initiation of new plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of payment to participant under defined benefit plan which decreases plan assets. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of contributions received by defined benefit plan from participant which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which increases (decreases) plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of payment, which decreases plan assets of defined benefit plan, for irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Transaction constituting settlement includes, but is not limited to, making lump-sum cash payment to participant in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in benefit obligation for benefits provided to employees payable from defined benefit plan or payable upon retirement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Pension, Retiree Medical and Savings Plans (Components of Benefit Expense) (Details) - USD ($) $ in Millions |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
||||
United States Pension Plan of US Entity, Defined Benefit | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Pre-tax non-cash settlement charge | $ 242 | |||||
Service cost | $ 401 | 393 | $ 435 | |||
Interest cost | 468 | 484 | 546 | |||
Expected return on plan assets | (849) | (834) | (850) | |||
Amortization of prior service cost/(credit) | 1 | (1) | (3) | |||
Amortization of net loss/(gain) | 123 | 168 | 205 | |||
Gross total | 144 | 210 | 333 | |||
Settlement/curtailment loss/(gain) (a) | [1] | 8 | 245 | |||
Special termination benefits | 60 | 11 | 18 | |||
Total | 212 | 466 | 351 | |||
International | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Service cost | 91 | 80 | 99 | |||
Interest cost | 89 | 94 | 115 | |||
Expected return on plan assets | (176) | (163) | (174) | |||
Amortization of net loss/(gain) | 53 | 40 | 71 | |||
Gross total | 57 | 51 | 111 | |||
Settlement/curtailment loss/(gain) (a) | [1] | 11 | 9 | 3 | ||
Special termination benefits | 1 | 1 | ||||
Total | 68 | 61 | 115 | |||
Retiree Medical Plan | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Service cost | 28 | 31 | 35 | |||
Interest cost | 36 | 41 | 52 | |||
Expected return on plan assets | (22) | (24) | (27) | |||
Amortization of prior service cost/(credit) | (25) | (38) | (39) | |||
Amortization of net loss/(gain) | (12) | (1) | 2 | |||
Gross total | 5 | 9 | 23 | |||
Settlement/curtailment loss/(gain) (a) | [1] | (14) | ||||
Special termination benefits | 2 | 1 | 1 | |||
Total | $ 7 | $ (4) | $ 24 | |||
|
X | ||||||||||
- Definition Defined Benefit Plan Period Gross No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost of providing special or contractual termination benefits payable from defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk related to obligation and assets used to effect settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from settlement and curtailment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
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) $ in Millions |
Dec. 30, 2017
USD ($)
|
---|---|
Domestic Plan [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Net loss/(gain) | $ 179 |
Prior service cost/(credit) | 3 |
Total | 182 |
International | |
Defined Benefit Plan Disclosure [Line Items] | |
Net loss/(gain) | 46 |
Total | 46 |
Retiree Medical Plan | |
Defined Benefit Plan Disclosure [Line Items] | |
Net loss/(gain) | (10) |
Prior service cost/(credit) | (20) |
Total | $ (30) |
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of cost (credit) included in accumulated other comprehensive (income) loss expected to be recognized in net periodic benefit cost (credit) for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount included in accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan expected to be recognized in net periodic benefit (cost) credit for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount included in accumulated other comprehensive (income) loss for prior service cost (credit) expected to be recognized in net periodic benefit cost (credit) for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Pension, Retiree Medical and Savings Plans (Weighted-Average Assumptions to Determine Projected Benefit Liability and Benefit Expense for Pension and Retiree Medical Plans) (Details) |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
||||
United States Pension Plan of US Entity, Defined Benefit | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Liability discount rate | 3.70% | 4.40% | 4.50% | |||
Interest cost discount rate | [1] | 3.70% | 3.80% | |||
Service Cost Discount Rate | [1] | 4.50% | 4.60% | |||
Expense discount rate (a) | [1] | 4.20% | ||||
Expected return on plan assets | 7.50% | 7.50% | 7.50% | |||
Liability rate of salary increases | 3.10% | 3.10% | 3.10% | |||
Expense rate of salary increases | 3.10% | 3.10% | 3.50% | |||
International | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Liability discount rate | 3.00% | 3.10% | 4.00% | |||
Interest cost discount rate | [1] | 2.80% | 3.50% | |||
Service Cost Discount Rate | [1] | 3.60% | 4.10% | |||
Expense discount rate (a) | [1] | 3.80% | ||||
Expected return on plan assets | 6.00% | 6.20% | 6.50% | |||
Liability rate of salary increases | 3.70% | 3.60% | 3.60% | |||
Expense rate of salary increases | 3.60% | 3.60% | 3.60% | |||
Retiree Medical Plan | ||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||
Liability discount rate | 3.50% | 4.00% | 4.20% | |||
Interest cost discount rate | [1] | 3.20% | 3.30% | |||
Service Cost Discount Rate | [1] | 4.00% | 4.30% | |||
Expense discount rate (a) | [1] | 3.80% | ||||
Expected return on plan assets | 7.50% | 7.50% | 7.50% | |||
|
X | ||||||||||
- Definition The discount rate attributable to the interest cost component of benefit cost for the reporting period No definition available.
|
X | ||||||||||
- Definition The discount rate attributable to the service cost component of benefit expense in the reporting period No definition available.
|
X | ||||||||||
- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
|
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 |
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
---|---|---|---|
Domestic Plan [Member] | |||
Selected information for plans with accumulated benefit obligation in excess of plan assets | |||
Liability for service to date | $ (8,355) | $ (12,211) | |
Fair value of plan assets | 6,919 | 11,458 | |
Selected information for plans with projected benefit liability in excess of plan assets | |||
Benefit liability | (9,400) | (13,192) | |
Defined Benefit Plan, Plan with Benefit Obligation in Excess of Plan Assets, Fair Value of Plan Assets | 6,919 | 11,458 | |
Defined Benefit Plan, Fair Value of Plan Assets | 12,582 | 11,458 | $ 11,397 |
Foreign Plan [Member] | |||
Selected information for plans with accumulated benefit obligation in excess of plan assets | |||
Liability for service to date | (161) | (134) | |
Fair value of plan assets | 119 | 110 | |
Selected information for plans with projected benefit liability in excess of plan assets | |||
Benefit liability | (1,273) | (2,773) | |
Defined Benefit Plan, Plan with Benefit Obligation in Excess of Plan Assets, Fair Value of Plan Assets | 1,158 | 2,492 | |
Defined Benefit Plan, Fair Value of Plan Assets | 3,460 | 2,894 | 2,823 |
Pension Plans, Defined Benefit | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan Unfunded Plan Benefit Obligations | 905 | ||
Retiree Medical Plan | |||
Selected information for plans with projected benefit liability in excess of plan assets | |||
Benefit liability | (1,187) | (1,208) | |
Defined Benefit Plan, Fair Value of Plan Assets | $ 321 | $ 320 | $ 354 |
X | ||||||||||
- Definition Defined Benefit Plan Unfunded Plan Benefit Obligations No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of accumulated benefit obligation for defined benefit pension plan with accumulated benefit obligation in excess of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of plan assets for defined benefit pension plan with accumulated benefit obligation in excess of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of benefit obligation for defined benefit plan with benefit obligation in excess of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of plan assets for defined benefit plan with benefit obligation in excess of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
Pension, Retiree Medical and Savings Plans (Estimated Future Benefit Payments) (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
Dec. 31, 2018 |
||||
Domestic Plan [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Payments for Defined Benefit Plan Settlement | $ 452 | ||||||
Pension Plans, Defined Benefit | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Discretionary | $ 6 | 459 | $ 0 | ||||
Non-discretionary | 158 | 200 | 162 | ||||
2018 | 890 | ||||||
2019 | 985 | ||||||
2020 | 825 | ||||||
2021 | 875 | ||||||
2022 | 925 | ||||||
2023-27 | 5,210 | ||||||
Retiree Medical Plan | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Discretionary | 0 | 0 | 0 | ||||
Non-discretionary | 56 | $ 36 | $ 43 | ||||
2018 | [1] | 120 | |||||
2019 | [1] | 120 | |||||
2020 | [1] | 110 | |||||
2021 | [1] | 110 | |||||
2022 | [1] | 105 | |||||
2023-27 | [1] | 455 | |||||
Years 2023 Through 2027 | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Subsidies expected to be received under the 2003 Medicare Act | 6 | ||||||
Maximum | Years 2018 Through 2022 | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Subsidies expected to be received under the 2003 Medicare Act | $ 2 | ||||||
Scenario, Forecast [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Expected future employer contributions in 2018 | $ 175 | ||||||
Scenario, Forecast [Member] | Retiree Medical Plan | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Expected future employer contributions in 2018 | 75 | ||||||
Subsequent Event [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Expected future employer contributions in 2018 | 1,400 | ||||||
Funded Plan [Member] | Subsequent Event [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Expected future employer contributions in 2018 | 800 | ||||||
Unfunded Plan [Member] | Subsequent Event [Member] | |||||||
Defined Benefit Plan Disclosure [Line Items] | |||||||
Expected future employer contributions in 2018 | $ 700 | ||||||
|
X | ||||||||||
- Definition Defined Benefit Plan, Contributions by Employer, Discretionary No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Contributions by Employer, Non-discretionary No definition available.
|
X | ||||||||||
- Definition Payments for Defined Benefit Plan Settlement No definition available.
|
X | ||||||||||
- Definition Subsidies by year expected to be received under the 2003 Medicare Act No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in five fiscal years after fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in fourth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in third fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in second fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of contributions expected to be received by defined benefit plan from employer in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Pension, Retiree Medical and Savings Plans Pension, Retiree Medical and Savings Plans (Target Asset Allocations) (Details) |
Dec. 31, 2018 |
Dec. 30, 2017 |
---|---|---|
Fixed Income | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 40.00% | |
U.S. Equity | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 33.00% | |
International Equity | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 22.00% | |
Real Estate Funds [Member] | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 5.00% | |
Scenario, Forecast [Member] | Fixed Income | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 47.00% | |
Scenario, Forecast [Member] | U.S. Equity | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 29.00% | |
Scenario, Forecast [Member] | International Equity | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 20.00% | |
Scenario, Forecast [Member] | Real Estate Funds [Member] | ||
Target Asset Allocation [Line Items] | ||
Target investment allocation percentage | 4.00% |
X | ||||||||||
- Definition [Line Items] for Target asset allocation [Table] No definition available.
|
X | ||||||||||
- Definition Percentage of target investment allocation to total plan assets. Includes, but is not limited to, percentage on weighted-average basis if more than one plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Pension, Retiree Medical and Savings Plans (Categorized Plan Assets Measured at Fair Value) (Details) $ in Millions |
12 Months Ended | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017
USD ($)
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 26, 2015
USD ($)
|
|||||||||||||||
US Plan Assets [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | $ 12,903 | $ 11,778 | |||||||||||||||
Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 3,460 | 2,894 | $ 2,823 | |||||||||||||||
Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 12,582 | 11,458 | 11,397 | |||||||||||||||
Postretirement Health Coverage [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 321 | 320 | $ 354 | |||||||||||||||
U.S. Equity securities, including preferred stock | Level 1 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1],[2] | 6,896 | ||||||||||||||||
U.S. Equity securities, including preferred stock | Level 2 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1],[2] | 8 | ||||||||||||||||
Fixed Income Commingled funds [Member] | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3] | 383 | 316 | |||||||||||||||
Fixed Income Commingled funds [Member] | Level 1 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3] | 383 | ||||||||||||||||
Fixed Income Commingled funds [Member] | Level 2 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3] | 0 | ||||||||||||||||
Fixed Income Commingled funds [Member] | Level 3 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3] | 0 | ||||||||||||||||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 217 | 187 | |||||||||||||||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Level 1 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Level 2 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 217 | ||||||||||||||||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Level 3 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
US Government Agencies Debt Securities [Member] | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 1,365 | 1,173 | |||||||||||||||
US Government Agencies Debt Securities [Member] | Level 1 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
US Government Agencies Debt Securities [Member] | Level 2 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 1,365 | ||||||||||||||||
US Government Agencies Debt Securities [Member] | Level 3 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
Corporate Bonds [Member] | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 493 | 453 | |||||||||||||||
Corporate Bonds [Member] | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 3,429 | 3,012 | |||||||||||||||
Corporate Bonds [Member] | Level 1 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
Corporate Bonds [Member] | Level 1 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
Corporate Bonds [Member] | Level 2 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 493 | ||||||||||||||||
Corporate Bonds [Member] | Level 2 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 3,429 | ||||||||||||||||
Corporate Bonds [Member] | Level 3 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
Corporate Bonds [Member] | Level 3 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [4] | 0 | ||||||||||||||||
Government Securities | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3],[4] | 492 | $ 432 | |||||||||||||||
Government Securities | Level 1 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3],[4] | 0 | ||||||||||||||||
Government Securities | Level 2 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3],[4] | 492 | ||||||||||||||||
Government Securities | Level 3 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [3],[4] | $ 0 | ||||||||||||||||
Corporate Bonds | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Representation of one fund in total U.S. plan assets | 23.00% | 22.00% | ||||||||||||||||
Contracts With Insurance Companies | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [5] | $ 36 | $ 35 | |||||||||||||||
Contracts With Insurance Companies | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1],[5] | 8 | 7 | |||||||||||||||
Contracts With Insurance Companies | Level 1 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [5] | 0 | ||||||||||||||||
Contracts With Insurance Companies | Level 1 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1],[5] | 0 | ||||||||||||||||
Contracts With Insurance Companies | Level 2 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [5] | 0 | ||||||||||||||||
Contracts With Insurance Companies | Level 2 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1],[5] | 0 | ||||||||||||||||
Contracts With Insurance Companies | Level 3 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [5] | 36 | ||||||||||||||||
Contracts With Insurance Companies | Level 3 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1],[5] | 8 | ||||||||||||||||
Cash And Cash Equivalents | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 19 | 12 | ||||||||||||||||
Cash And Cash Equivalents | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 236 | 196 | |||||||||||||||
Cash And Cash Equivalents | Level 1 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 19 | |||||||||||||||||
Cash And Cash Equivalents | Level 1 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 236 | ||||||||||||||||
Cash And Cash Equivalents | Level 2 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 0 | |||||||||||||||||
Cash And Cash Equivalents | Level 2 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 0 | ||||||||||||||||
Cash And Cash Equivalents | Level 3 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 0 | |||||||||||||||||
Cash And Cash Equivalents | Level 3 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 0 | ||||||||||||||||
Sub-Total U.S. Plan Assets | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 12,159 | 11,064 | |||||||||||||||
Sub-Total U.S. Plan Assets | Level 1 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 7,132 | ||||||||||||||||
Sub-Total U.S. Plan Assets | Level 2 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 5,019 | ||||||||||||||||
Sub-Total U.S. Plan Assets | Level 3 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 8 | ||||||||||||||||
Real Estate Funds [Member] | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [6] | 102 | 84 | |||||||||||||||
Real Estate Funds [Member] | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [6] | 675 | [1] | 651 | ||||||||||||||
Sub-Total International Plan Assets | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 3,351 | 2,804 | ||||||||||||||||
Sub-Total International Plan Assets | Level 1 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 2,297 | |||||||||||||||||
Sub-Total International Plan Assets | Level 2 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 1,018 | |||||||||||||||||
Sub-Total International Plan Assets | Level 3 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 36 | |||||||||||||||||
Dividends And Interest Receivable | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 7 | 6 | ||||||||||||||||
Dividends And Interest Receivable | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [1] | 69 | 63 | |||||||||||||||
Equity Securities [Member] | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 1,928 | [2] | 1,556 | |||||||||||||||
Equity Securities [Member] | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | 6,904 | [2] | $ 6,489 | |||||||||||||||
Equity Securities [Member] | Level 1 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [2] | 1,895 | ||||||||||||||||
Equity Securities [Member] | Level 2 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [2] | 33 | ||||||||||||||||
Equity Securities [Member] | Level 3 | Foreign Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | [2] | 0 | ||||||||||||||||
Equity Securities [Member] | Level 3 | Domestic Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Fair Value of Plan Assets | $ 0 | |||||||||||||||||
Large-Cap Fund(s) In U.S. Commingled Funds | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Representation of one fund in total U.S. plan assets | 19.00% | 19.00% | ||||||||||||||||
Real Estate [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Redemption period - Min | 45 | |||||||||||||||||
Redemption period | 90 | |||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 1,400 | |||||||||||||||||
Subsequent Event [Member] | Funded Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | 800 | |||||||||||||||||
Subsequent Event [Member] | Unfunded Plan [Member] | ||||||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 700 | |||||||||||||||||
|
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- Definition Redemption period - Max No definition available.
|
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- Definition Redemption period - Min No definition available.
|
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- Definition Representation as percentage of total us plan assets No definition available.
|
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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- Definition Amount of contributions expected to be received by defined benefit plan from employer in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Pension, Retiree Medical and Savings Plans (Effects of 1-Percentage-Point Change in the Assumed Health Care Trend Rate) (Details) $ in Millions |
12 Months Ended |
---|---|
Dec. 30, 2017
USD ($)
| |
Retirement Benefits, Description [Abstract] | |
One percent increase in 2016 service and interest cost components | $ 3 |
One percent decrease in 2016 service and interest cost components | (3) |
One percent increase in 2016 benefit liability | 39 |
One percent decrease in 2016 benefit liability | $ (34) |
X | ||||||||||
- Definition Amount of decrease in accumulated postretirement benefit obligation from one-percentage-point decrease in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease in service and interest cost components of net periodic postretirement benefit cost from one-percentage-point decrease in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in accumulated postretirement benefit obligation from one-percentage-point increase in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in service and interest cost components of net periodic postretirement benefit cost from one-percentage-point increase in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Pension, Retiree Medical and Savings Plans Retiree Medical Cost Trend Rates (Details) |
12 Months Ended | |
---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
|
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year | 6.00% | 6.00% |
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate | 5.00% | 5.00% |
Defined Benefit Plan, Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate | 2039 | 2039 |
X | ||||||||||
- Definition Assumed rate, for next fiscal year, based on annual change in cost of health care cost benefits used to measure expected cost of benefits covered by defined benefit postretirement plan. Factors include, but are not limited to, estimate of health care inflation, change in health care utilization or delivery pattern, technological advances, and change in health status of participant. Excludes factors for change in composition of plan population by age and dependency status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Ultimate trend rate for health care cost for defined benefit postretirement plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Year ultimate health care cost trend rate is expected to be reached, in CCYY format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
Debt Obligations and Commitments (Schedule of Long and Short-Term Debt Contractual Commitments) (Details) - USD ($) $ in Millions |
Dec. 30, 2017 |
Dec. 31, 2016 |
|||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Debt Instrument [Line Items] | |||||||||||
Commercial Paper | [1],[2] | $ 1,385 | $ 2,257 | ||||||||
Debt, Current | [1] | 5,485 | 6,892 | ||||||||
Long-term Debt | [1] | 37,816 | 34,454 | ||||||||
Long-Term Debt Obligations | [1] | 33,796 | 30,053 | ||||||||
Debt Instrument, Unamortized Discount | 155 | 142 | |||||||||
Other Borrowings Short-term [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Other borrowings | [1],[2] | $ 80 | $ 234 | ||||||||
Interest rate on debt | 4.70% | 4.40% | |||||||||
Current Maturities Of Long-Term Debt | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term Debt, Current Maturities | [1],[2] | $ 4,020 | $ 4,401 | ||||||||
Notes Due 2017 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Notes due | [1],[2] | $ 0 | $ 4,398 | ||||||||
Interest rate on debt | 0.00% | 1.40% | |||||||||
Notes Due 2018 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Notes due | [1],[2] | $ 4,016 | $ 2,561 | ||||||||
Interest rate on debt | 2.40% | 2.30% | |||||||||
Notes Due 2018 [Member] | Variable Rate [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 1,500 | |||||||||
Notes Due 2019 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Notes due | [1],[2] | $ 3,933 | $ 2,837 | ||||||||
Interest rate on debt | 2.10% | 1.70% | |||||||||
Notes Due 2019 [Member] | Variable Rate [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 350 | |||||||||
Notes Due 2019 [Member] | One Point Five Five Zero Percent Notes Due 2019 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 750 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.55% | ||||||||||
Notes Due 2020 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Notes due | [1],[2] | $ 3,792 | $ 3,816 | ||||||||
Interest rate on debt | 3.10% | 2.60% | |||||||||
Notes Due 2021 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Notes due | [1],[2] | $ 3,300 | $ 2,249 | ||||||||
Interest rate on debt | 2.40% | 2.40% | |||||||||
Notes Due 2021 [Member] | Two Point Zero Percent Notes Due 2021 [Domain] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 1,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 2.00% | ||||||||||
Notes Due 2022 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Notes due | [1],[2] | $ 3,853 | $ 2,655 | ||||||||
Interest rate on debt | 2.60% | 2.80% | |||||||||
Notes Due 2022 [Member] | Variable Rate [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 400 | |||||||||
Notes Due 2022 [Member] | Two Point Two Five Zero Percent Notes Due 2022 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 750 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 2.25% | ||||||||||
Notes Due 2023 to 2047 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Notes due | [1],[2] | $ 18,891 | $ 15,903 | ||||||||
Interest rate on debt | 3.70% | 3.80% | |||||||||
Other Debt Instruments due 2018 to 2026 [Domain] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Other notes due | [1],[2] | $ 31 | $ 35 | ||||||||
Interest rate on debt | 1.30% | 1.40% | |||||||||
Less: Current Maturities Of Long Term Debt Obligations [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Long-term Debt, Current Maturities | [1] | $ (4,020) | $ (4,401) | ||||||||
Notes Due 2024 [Member] | Two Point One Five Zero Percent Notes Due 2024 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3],[4] | $ 750 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 2.15% | ||||||||||
Notes Due 2027 [Domain] | Three Point Zero Percent Notes Due 2027 [Domain] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 1,500 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.00% | ||||||||||
Notes Due 2047 [Member] | Four Point Zero Percent Notes Due 2047 [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | [3] | $ 750 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.00% | ||||||||||
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- Definition Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term notes payable classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of borrowings classified as other, maturing within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt Obligations and Commitments (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2016 |
Dec. 30, 2017 |
|
Debt Instrument [Line Items] | ||
Debt Instrument, Repurchase Amount | $ 2,500.0 | |
Gain (Loss) on Extinguishment of Debt | 233.0 | |
Extinguishment of Debt, Gain (Loss), Net of Tax | $ 156.0 | |
Extinguishment of Debt, Gain (Loss), Per Share, Net of Tax | $ 0.11 | |
International Divisions | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Amount Outstanding | $ 73.0 | |
Notes Due 2017 [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 1.40% | 0.00% |
Notes Due 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.30% | 2.40% |
Notes Due 2019 [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 1.70% | 2.10% |
Notes Due 2020 [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.60% | 3.10% |
Notes Due 2021 [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.40% | 2.40% |
Notes Due 2022 [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.80% | 2.60% |
Notes Due 2023 to 2047 [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 3.80% | 3.70% |
Other Debt Instruments due 2018 to 2026 [Domain] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 1.40% | 1.30% |
Five-Year Unsecured Revolving Credit Agreement (Five-Year Credit Agreement) [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Current Borrowing Capacity | $ 3,722.5 | $ 3,750.0 |
Line of Credit Facility, Maximum Borrowing Capacity | $ 4,500.0 | |
Commercial Paper One Point Three Percentage_ [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 1.30% | |
Commercial Paper Zero Point Six Percentage_ [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Effective Percentage | 0.60% | |
Seven Point Nine Zero Percent Notes Due 2018 [Member] | Notes Due 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate on debt | 7.90% | |
Debt Instrument, Repurchased Face Amount | $ 1,500.0 | |
Five Point One Two Five Percent Notes Due 2019 [Member] | Notes Due 2019 [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate on debt | 5.125% | |
Debt Instrument, Repurchased Face Amount | $ 750.0 | |
364-Day Unsecured Revolving Credit Agreement (364-Day Credit Agreement) [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Current Borrowing Capacity | $ 3,722.5 | $ 3,750.0 |
Line of Credit Facility, Maximum Borrowing Capacity | $ 4,500.0 |
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Fair value amount of debt instrument that was repurchased. No definition available.
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- Definition Face (par) amount of the original debt instrument that was repurchased. No definition available.
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- Definition The difference between the reacquisition price and the net carrying amount of the extinguished debt recognized currently as a component of income in the period of extinguishment, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per share impact of the gain (loss) on the extinguishment of debt, net of applicable taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Financial Instruments (Narrative) (Details) - USD ($) |
4 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Dec. 30, 2017 |
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|
Derivatives, Fair Value [Line Items] | ||||
Gain (Loss) on Sale of Equity Investments | $ 95,000,000 | |||
Gain (Loss) on Sale of Equity Investments, after tax | $ 85,000,000 | |||
Gain (Loss) on Sale of Equity Investments, net of tax, per share amount | $ 0.06 | |||
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax | $ 72,000,000 | |||
indirect equity investment percentage | 5.00% | 5.00% | ||
indirect equity investment | $ 166,000,000 | $ 166,000,000 | ||
Call Option For Indirect Equity Percentage | 20.00% | |||
Charges related to the transaction with Tingyi | 0 | $ 373,000,000 | $ 73,000,000 | |
Tingyi Charge per share | $ 0.26 | $ 0.05 | ||
Debt instrument, fair value | 41,000,000,000 | 41,000,000,000 | $ 38,000,000,000 | |
Expected reclassification of net gain/(losses) related to hedge from accumulated OCI into net income within the next 12 months | (33,000,000) | |||
Interest Rate Contracts | ||||
Derivatives, Fair Value [Line Items] | ||||
Long-term Debt, Percentage Bearing Variable Interest, Amount | $ 0.43 | 0.43 | 0.38 | |
Commodity Contracts | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative, Higher Remaining Maturity Date | 3 years | |||
Derivative, Notional Amount | $ 900,000,000 | $ 900,000,000 | 800,000,000 | |
Foreign Exchange Contract | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative, Higher Remaining Maturity Date | 2 years | |||
Derivative, Notional Amount | 1,600,000,000 | $ 1,600,000,000 | 1,600,000,000 | |
Net Investment Hedging [Member] | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative, Notional Amount | 1,500,000,000 | 1,500,000,000 | 800,000,000 | |
Interest Rate Contracts | ||||
Derivatives, Fair Value [Line Items] | ||||
Derivative, Notional Amount | $ 14,200,000,000 | $ 14,200,000,000 | $ 11,200,000,000 | |
Revenue Outside U.S. [Domain] | ||||
Derivatives, Fair Value [Line Items] | ||||
Percent of Revenue | 42.00% | |||
Top Five International Countries [Domain] | ||||
Derivatives, Fair Value [Line Items] | ||||
Percent of Revenue | 20.00% |
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- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Call Option For Indirect Equity Percentage No definition available.
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- Definition Derivative, Higher Remaining Maturity Date No definition available.
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- Definition Gain (Loss) on Sale of Equity Investments, after tax No definition available.
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- Definition Gain (Loss) on Sale of Equity Investments, net of tax, per share amount No definition available.
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- Definition [Table Text Block] for indirect equity investment [Table] No definition available.
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- Definition indirect equity investment percentage No definition available.
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- Definition Percent of Revenue No definition available.
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- Definition Tingyi Charge No definition available.
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- Definition Tingyi Charge per share No definition available.
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- Definition Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in equity securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The difference between the carrying value and the sale price of equity securities, not separately or otherwise categorized as trading or available-for-sale. This element includes investments in which the entity holds a small ownership stake (generally, less than 20% of the shares outstanding) and cannot exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a rate subject to change from time to time. No definition available.
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Financial Instruments (Fair Values of Financial Assets and Liabilities) (Details) - USD ($) $ in Millions |
Dec. 30, 2017 |
Dec. 31, 2016 |
|||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Short-term Investments | $ 8,900 | $ 6,967 | |||||||||||||||||||||||
Total asset derivatives at fair value | [1],[2] | 136 | 182 | ||||||||||||||||||||||
Total liability derivatives at fair value | [1],[2] | 410 | 529 | ||||||||||||||||||||||
Total Financial Assets at Fair Value | [1] | 14,901 | 11,851 | ||||||||||||||||||||||
Total Financial Liabilities at Fair Value | [1] | 913 | 1,001 | ||||||||||||||||||||||
Derivatives Designated As Cash Flow Hedging Instruments Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Derivatives designated as hedging instruments, Assets, Total | [1] | 17 | 53 | ||||||||||||||||||||||
Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Derivatives designated as hedging instruments, Liabilities, Total | [1] | 246 | 417 | ||||||||||||||||||||||
Derivatives Not Designated As Hedging Instruments Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Derivatives not designated as hedging instruments, Assets, Total | [1] | 95 | 63 | ||||||||||||||||||||||
Derivatives Not Designated As Hedging Instruments Liabilities [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Derivatives not designated as hedging instruments, Liabilities, Total | [1] | 34 | 41 | ||||||||||||||||||||||
Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | [1] | 14,510 | 11,451 | ||||||||||||||||||||||
Liability [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | [1] | 0 | 0 | ||||||||||||||||||||||
Cash and Cash Equivalents [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | 5,800 | 4,600 | |||||||||||||||||||||||
Short-term Investments [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | 8,700 | 6,800 | |||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Commodity contracts - other | [1],[3] | 0 | 0 | ||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Commodity contracts - other | [1],[3] | 2 | 1 | ||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Derivatives Not Designated As Hedging Instruments Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Commodity contracts - other | [1],[3] | 0 | 1 | ||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Commodity contracts - other | [1],[3] | 19 | 1 | ||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Short-term Investments | [1],[4] | 228 | 193 | ||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Assets [Member] | Common Stock | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | [1],[5] | 0 | 82 | ||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Liability [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Short-term Investments | [1],[4] | 0 | 0 | ||||||||||||||||||||||
Fair Value, Inputs, Level 1 [Member] | Liability [Member] | Common Stock | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | [1],[5] | 0 | 0 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Fair Value Hedging Instruments Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Interest rate derivatives | [1],[6] | 24 | 66 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Fair Value Hedging Instruments Liabilities [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Interest rate derivatives | [1],[6] | 130 | 71 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Forward exchange contracts | [1],[7] | 15 | 51 | ||||||||||||||||||||||
Interest rate derivatives | [1],[7] | 0 | 0 | ||||||||||||||||||||||
Commodity contracts - other | [1],[8] | 2 | 2 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Forward exchange contracts | [1],[7] | 31 | 8 | ||||||||||||||||||||||
Interest rate derivatives | [1],[7] | 213 | 408 | ||||||||||||||||||||||
Commodity contracts - other | [1],[8] | 0 | 0 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Derivatives Not Designated As Hedging Instruments Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Forward exchange contracts | [1],[7] | 10 | 2 | ||||||||||||||||||||||
Commodity contracts - other | [1],[8] | 85 | 60 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Forward exchange contracts | [1],[7] | 3 | 15 | ||||||||||||||||||||||
Commodity contracts - other | [1],[8] | 12 | 25 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | [1],[9] | 14,510 | 11,369 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Liability [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Available-for-sale securities | [1],[9] | 0 | 0 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Assets [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Prepaid Forward Asset Fair Value | [1],[10] | 27 | 25 | ||||||||||||||||||||||
Deferred compensation | [1],[11] | 0 | 0 | ||||||||||||||||||||||
Fair Value, Inputs, Level 2 [Member] | Liability [Member] | |||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | |||||||||||||||||||||||||
Prepaid Forward Asset Fair Value | [1],[10] | 0 | 0 | ||||||||||||||||||||||
Deferred compensation | [1],[11] | $ 503 | $ 472 | ||||||||||||||||||||||
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- Definition Prepaid Forward Asset Fair Value No definition available.
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- Definition The fair value of the entity's total financial assets. No definition available.
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- Definition The fair value of the entity's total financial liabilities. No definition available.
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- Definition Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of all asset derivatives designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of all liability derivatives designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. No definition available.
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Fair value as of the balance sheet date of all foreign currency derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all foreign currency derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all foreign currency derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all foreign currency derivative liabilities not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all interest rate derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all interest rate derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all derivative assets designated as interest rate fair value hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all derivative liabilities designated as interest rate fair value hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of all derivative liabilities not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all price risk derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all price risk derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all price risk derivative assets not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all price risk derivative liabilities not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Financial Instruments (Effective Portion of Pre-Tax (Gains)/Losses on Derivative Instruments) (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
||||||
Fair Value/Non-Designated Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Income Statement(a) | [1] | $ 38 | $ 127 | ||||
Cash Flow Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss | 27 | 35 | |||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement(b) | [2] | (171) | 150 | ||||
Forward Exchange Contracts | Fair Value/Non-Designated Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Income Statement(a) | [1] | (15) | 74 | ||||
Forward Exchange Contracts | Cash Flow Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss | 62 | (24) | |||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement(b) | [2] | 10 | (44) | ||||
Interest Rate Contracts | Fair Value/Non-Designated Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Income Statement(a) | [1] | 101 | 105 | ||||
Interest Rate Contracts | Cash Flow Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss | (195) | 97 | |||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement(b) | [2] | (184) | 187 | ||||
Commodity Contracts | Fair Value/Non-Designated Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Income Statement(a) | [1] | (48) | (52) | ||||
Commodity Contracts | Cash Flow Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss | 3 | 1 | |||||
Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement(b) | [2] | 3 | 7 | ||||
Net Investment Hedging [Member] | Cash Flow Hedges | |||||||
Derivatives, Fair Value [Line Items] | |||||||
Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss | $ 157 | $ (39) | |||||
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- Definition The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net Income Attributable to PepsiCo per Common Share (Out-of-the-money options) (Details) - $ / shares |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|||
Earnings Per Share [Abstract] | |||||
Out-of-the-money options excluded from earnings per share | [1] | 0.4 | 0.7 | 1.5 | |
Out-of-the-money options average exercise price | $ 110.12 | $ 99.98 | $ 99.25 | ||
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- Definition Weighted-average exercise price of out-of-the-money options excluded from the computation of earnings per share. No definition available.
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- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Net Income Attributable to PepsiCo per Common Share (Basic and Diluted Net Income Attributable to PepsiCo per Common Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
||||
Earnings Per Share [Abstract] | ||||||
Net income | $ 4,857 | $ 6,329 | $ 5,452 | |||
Dividends | (1) | (1) | ||||
Redemption premium | (4) | (5) | (5) | |||
Net income available for PepsiCo common shareholders - Value | $ 4,853 | $ 6,323 | $ 5,446 | |||
Net income available for PepsiCo common stockholders - Shares | [1] | 1,425 | 1,439 | 1,469 | ||
Basic net income attributable to PepsiCo per common share | $ 3.40 | $ 4.39 | $ 3.71 | |||
Stock options and RSUs - Shares | [1] | 12 | 12 | 15 | ||
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units | $ 0 | $ 1 | $ 0 | |||
ESOP convertible preferred stock - Value | $ 4 | $ 5 | $ 6 | |||
ESOP convertible preferred stock - Shares | [1] | 1 | 1 | 1 | ||
Diluted shares - Value | $ 4,857 | $ 6,329 | $ 5,452 | |||
Diluted shares - Shares | [1] | 1,438 | 1,452 | 1,485 | ||
Diluted net income attributable to PepsiCo per common share | $ 3.38 | $ 4.36 | $ 3.67 | |||
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- Definition Amount of increase (decrease) to net income used for calculating diluted earnings per share (EPS), resulting from the assumed exercise of convertible preferred stock of an employee stock ownership plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) to net income used for calculating diluted earnings per share (EPS), resulting from the assumed exercise of stock options or restrictive stock units (RSUs). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Preferred Stock (Narrative) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
---|---|---|---|---|
Preferred Stock [Line Items] | ||||
Common Stock, Shares, Issued | 1,420,000,000 | 1,428,000,000 | ||
Preferred Stock | ||||
Preferred Stock [Line Items] | ||||
Preferred stock, authorized (in shares) | 3,000,000 | 3,000,000 | ||
Preferred Stock, Shares Issued | 803,953 | 803,953 | 800,000 | |
Outstanding preferred shares, fair value | $ 68 | $ 64 | ||
Preferred shares, outstanding | 114,753 | 122,553 | ||
Subsequent Event [Member] | ||||
Preferred Stock [Line Items] | ||||
Common Stock, Shares, Issued | 550,102 |
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- Definition [Line Items] for Preferred Stock [Table] No definition available.
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value of all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by shareholders, which is net of related treasury stock. May be all or a portion of the number of preferred shares authorized. These shares represent the ownership interest of the preferred shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Loss Attributable to Pepsico (Schedule of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
Dec. 27, 2014 |
||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||||
Currency translation adjustment | [1] | $ (10,277) | $ (11,386) | $ (11,080) | $ (8,255) | ||||||||
Cash flow hedges, net of tax | [1] | 47 | 83 | 37 | 34 | ||||||||
Unamortized pension and retiree medical, net of tax (b) | [2] | (2,804) | (2,645) | (2,329) | (2,500) | ||||||||
Unrealized gain on securities, net of tax | [1] | (4) | 64 | 88 | 87 | ||||||||
Other | [1] | (19) | (35) | (35) | (35) | ||||||||
Accumulated other comprehensive loss attributable to PepsiCo | (13,057) | [1] | (13,919) | (13,319) | (10,669) | ||||||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax | 1,049 | [3] | (313) | (2,936) | [2] | ||||||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax | 1,049 | (313) | (2,825) | ||||||||||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax | (41) | 76 | 2 | ||||||||||
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax | (217) | (343) | 178 | ||||||||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax | (74) | (43) | 3 | ||||||||||
Other Comprehensive Income, Other, Before Tax | 0 | 0 | 0 | ||||||||||
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent | 717 | (623) | (2,642) | ||||||||||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax | 130 | [3] | (74) | (95) | [2] | ||||||||
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax | (375) | [3] | (750) | (88) | [2] | ||||||||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax | 25 | [3] | (43) | 3 | [2] | ||||||||
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 0 | [3] | 0 | 0 | [2] | ||||||||
OCI, before Reclassifications, before Tax, Attributable to Parent | 829 | [3] | (1,180) | (3,116) | [2] | ||||||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax | 0 | 0 | 111 | ||||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | (171) | 150 | 97 | ||||||||||
Other Comprehensive (Income)/Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax, including Venezuela | 266 | ||||||||||||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax | 158 | 407 | 246 | ||||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | (99) | 0 | 0 | ||||||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | 0 | 0 | 0 | ||||||||||
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | (112) | 557 | 474 | ||||||||||
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax | 60 | 7 | 0 | ||||||||||
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax | 5 | (30) | 1 | ||||||||||
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax | 58 | 27 | (7) | ||||||||||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | 6 | 19 | (2) | ||||||||||
Other Comprehensive Income, Other, Taxes | 16 | 0 | 0 | ||||||||||
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent | 145 | 23 | (8) | ||||||||||
Net of taxes decrease to opening balance of accumulated other comprehensive loss attributable to Pepsico | $ 1,338 | $ 1,280 | $ 1,253 | $ 1,260 | |||||||||
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- Definition The total taxes related to net (gain) loss, prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost. No definition available.
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- Definition Accumulated other comprehensive income loss other No definition available.
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- Definition Other Comprehensive (Income)/Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax, including Venezuela No definition available.
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X | ||||||||||
- Definition The change in other comprehensive income during the reporting period, before tax, for an item that is not separately disclosed. No definition available.
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- Definition Other Comprehensive Income, Other, Taxes No definition available.
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- Definition Accumulated appreciation or loss, net of tax, in value of the total of available-for-sale securities at the end of an accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after tax, of accumulated other comprehensive (income) loss for defined benefit plan, that has not been recognized in net periodic benefit cost (credit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount before tax and reclassification adjustments of other comprehensive income (loss) attributable to parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax, after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax, after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax, after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income for translation gain (loss) realized upon the sale or liquidation of an investment in a foreign entity and foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax and reclassification adjustment, of (increase) decrease in accumulated other comprehensive income of defined benefit plan, that has not been recognized in net periodic benefit cost (credit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, after reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after reclassification adjustment, of tax (expense) benefit for (increase) decrease in accumulated other comprehensive income of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, of reclassification adjustment from accumulated other comprehensive (income) loss for net period benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit) allocated to other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax and reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of reclassification adjustments of other comprehensive income (loss) attributable to parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Accumulated Other Comprehensive Loss Attributable to Pepsico Reclassification of Accumulated Other Comprehensive Loss to the Condensed Consolidated Statement of Income (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
Dec. 27, 2014 |
||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Post retirement Plans Taxes | $ 1,338 | $ 1,280 | $ 1,253 | $ 1,260 | |||||
Reclassification associated with Venezuela impairment charges | 0 | 0 | (111) | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Derivatives Qualifying as Hedges, Net of Tax [Abstract] | |||||||||
Reclassification of net losses to net income, pre-tax amount | (171) | 150 | 97 | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax | 64 | (63) | (47) | ||||||
Net derivative losses | (107) | 87 | 50 | ||||||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax | [1] | (24) | (39) | (41) | |||||
Amortization and settlement of (losses)/gains | [1] | 167 | 209 | 281 | |||||
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement and Curtailment Gain (Loss), before Tax | [1] | 15 | 237 | 6 | |||||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax | 158 | 407 | 246 | ||||||
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax | (44) | (144) | (74) | ||||||
Remeasurement of net liabilities and translation | 114 | 263 | 172 | ||||||
Reclassification associated with Venezuela impairment charges - Pension | 0 | 0 | (20) | ||||||
reclassification associated with Venezuela impairment charge, tax amount - Pension | 0 | 0 | (4) | ||||||
reclassification associated with venezuela impairment charges, net of tax - pension | 0 | 0 | (16) | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | (99) | 0 | 0 | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 10 | 0 | 0 | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | (89) | 0 | 0 | ||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (82) | 350 | 349 | ||||||
Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | [2] | (171) | 150 | ||||||
Forward Exchange Contracts | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | [2] | 10 | (44) | ||||||
Forward Exchange Contracts | Sales Revenue, Net [Member] | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | (2) | 3 | ||||||
Forward Exchange Contracts | Cost of Sales | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (10) | 46 | 94 | ||||||
Interest Rate Contracts | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | [2] | (184) | 187 | ||||||
Interest Rate Contracts | Interest Expense | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 184 | (187) | (174) | ||||||
Commodity Contracts | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | [2] | 3 | 7 | ||||||
Commodity Contracts | Cost of Sales | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (4) | (3) | (9) | ||||||
Commodity Contracts | Selling, General and Administrative Expenses | Cash Flow Hedges | |||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | |||||||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $ 1 | $ (4) | $ (11) | ||||||
|
X | ||||||||||
- Definition The total taxes related to net (gain) loss, prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost. No definition available.
|
X | ||||||||||
- Definition Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Derivatives Qualifying as Hedges, Net of Tax [Abstract] No definition available.
|
X | ||||||||||
- Definition Reclassification associated with Venezuela impairment charges No definition available.
|
X | ||||||||||
- Definition Reclassification associated with Venezuela impairment charges - Pension No definition available.
|
X | ||||||||||
- Definition reclassification associated with Venezuela impairment charge, tax amount - Pension No definition available.
|
X | ||||||||||
- Definition reclassification associated with venezuela impairment charges, net of tax - pension No definition available.
|
X | ||||||||||
- Definition The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, of increase (decrease) to other comprehensive income from settlement and curtailment gain (loss) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, of reclassification adjustment from accumulated other comprehensive (income) loss for net period benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, before tax, of reclassification adjustment from accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount, after tax, of reclassification adjustment from accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of tax (expense) benefit for reclassification adjustment from accumulated other comprehensive (income) loss of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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Supplemental Financial Information (Schedule of Supplemental Balance Sheet Information) (Details) - USD ($) |
12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
||||||||||
Supplemental Financial Information [Abstract] | ||||||||||||
Inventory, LIFO Reserve | $ 0.05 | |||||||||||
Accounts and notes receivable | ||||||||||||
Trade receivables | 5,956,000,000 | $ 5,709,000,000 | ||||||||||
Other receivables | 1,197,000,000 | 1,119,000,000 | ||||||||||
Total receivables | 7,153,000,000 | 6,828,000,000 | ||||||||||
Analysis of valuation allowances | ||||||||||||
Allowance, beginning of year | 134,000,000 | 130,000,000 | $ 137,000,000 | |||||||||
Net amounts charged to expense | 26,000,000 | 37,000,000 | 43,000,000 | |||||||||
Deductions | [1] | (35,000,000) | (30,000,000) | (27,000,000) | ||||||||
Other | [2] | 4,000,000 | (3,000,000) | (23,000,000) | ||||||||
Allowance, end of year | 129,000,000 | 134,000,000 | 130,000,000 | |||||||||
Net receivables | 7,024,000,000 | 6,694,000,000 | ||||||||||
Inventories (c) | ||||||||||||
Raw materials | [3] | 1,344,000,000 | 1,315,000,000 | |||||||||
Work-in-process | [3] | 167,000,000 | 150,000,000 | |||||||||
Finished goods | [3] | 1,436,000,000 | 1,258,000,000 | |||||||||
Inventories | [3] | 2,947,000,000 | 2,723,000,000 | |||||||||
Other assets | ||||||||||||
Noncurrent notes and accounts receivable | 59,000,000 | 105,000,000 | ||||||||||
Deferred marketplace spending | 134,000,000 | 140,000,000 | ||||||||||
Prepaid Expense and Other Assets, Noncurrent | [4] | 374,000,000 | 53,000,000 | |||||||||
Other | 346,000,000 | 338,000,000 | ||||||||||
Other Assets | 913,000,000 | 636,000,000 | ||||||||||
Accounts payable and other current liabilities | ||||||||||||
Accounts payable | 6,727,000,000 | 6,158,000,000 | ||||||||||
Accrued marketplace spending | 2,390,000,000 | 2,444,000,000 | ||||||||||
Accrued compensation and benefits | 1,785,000,000 | 1,770,000,000 | ||||||||||
Dividends payable | 1,161,000,000 | 1,097,000,000 | ||||||||||
Other current liabilities | 2,954,000,000 | 2,774,000,000 | ||||||||||
Accounts payable and other current liabilities | 15,017,000,000 | 14,243,000,000 | ||||||||||
Income Taxes Paid, Net | $ 1,962,000,000 | $ 1,393,000,000 | $ 1,808,000,000 | |||||||||
|
X | ||||||||||
- Definition Accrued marketplace spending No definition available.
|
X | ||||||||||
- Definition Accounts written off and other deductions recorded against the allowance for doubtful accounts in the current reporting period. No definition available.
|
X | ||||||||||
- Definition Other net activity recorded against the allowance for doubtful accounts in the current reporting period. No definition available.
|
X | ||||||||||
- Definition Deferred marketplace spending No definition available.
|
X | ||||||||||
- Definition The net amount charged to allowance for doubtful accounts during the reporting period. No definition available.
|
X | ||||||||||
- Definition Non current notes and accounts receivable No definition available.
|
X | ||||||||||
- Definition Supplemental Financial Information [Abstract] No definition available.
|
X | ||||||||||
- Definition The gross amount of trade accounts receivable. No definition available.
|
X | ||||||||||
- Definition The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amounts due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer) for goods or services (including trade receivables) that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations, excluding pension and other postretirement benefits, incurred through that date and payable for perquisites provided to employees pertaining to services received from them. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount by which inventory stated at last-in first-out (LIFO) is less than (in excess of) inventory stated at other inventory cost methods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount before valuation and LIFO reserves of raw materials expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount before valuation and LIFO reserves of merchandise or goods in the production process expected to be completed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount due from parties in nontrade transactions, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Supplemental Financial Information (Schedule of Other Supplemental Information) (Details) - USD ($) $ in Millions |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 30, 2017 |
Dec. 31, 2016 |
Dec. 26, 2015 |
|||
Supplemental Financial Information [Abstract] | |||||
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 452 | ||||
Rent expense | 742 | $ 701 | $ 696 | ||
Interest paid | [1] | 1,123 | 1,102 | 952 | |
Income taxes paid, net of refunds | 1,962 | $ 1,393 | $ 1,808 | ||
Operating Leases, Future Minimum Payments, Due in Two Years | 403 | ||||
Operating Leases, Future Minimum Payments, Due in Three Years | 297 | ||||
Operating Leases, Future Minimum Payments, Due in Four Years | 215 | ||||
Operating Leases, Future Minimum Payments, Due in Five Years | 160 | ||||
Operating Leases, Future Minimum Payments, Due Thereafter | 367 | ||||
Operating Leases, Future Minimum Payments Due | $ 1,894 | ||||
|
X | ||||||||||
- Definition Supplemental Financial Information [Abstract] No definition available.
|
X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash paid, after deduction of cash paid for capitalized interest, for interest. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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X | ||||||||||
- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Divestitures (Details) $ / shares in Units, $ in Millions |
12 Months Ended |
---|---|
Dec. 30, 2017
USD ($)
$ / shares
| |
Discontinued Operations and Disposal Groups [Abstract] | |
Gain (Loss) on Disposition of Business | $ 140 |
Gain (loss) on sale of subsidiary, net of tax | $ 107 |
Gain (loss) on sale of subsidiary, after tax per share | $ / shares | $ 0.07 |
X | ||||||||||
- Definition Gain (loss) on sale of subsidiary, after tax per share No definition available.
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X | ||||||||||
- Definition Gain (loss) on sale of subsidiary, net of tax No definition available.
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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