Selling, General and Administrative Expense

$ 16,485

$ 16,240

$ 45,137

$ 43,999

Cost of sales

7,527

7,368

20,445

19,717

Gross Profit

8,958

8,872

24,692

24,282

6,114

5,948

17,013

16,576

Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component

2,844

2,924

^[1]

7,679

7,706

^[1]

231

210

Interest Expense

(302)

(269)

(904)

(786)

Interest and Other Income

248

141

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

2,697

2,776

7,254

7,271

Income Tax Expense (Benefit)

188

620

1,562

1,668

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

2,509

2,156

5,692

5,603

Net Income (Loss) Attributable to Noncontrolling Interest

Net Income (Loss) Attributable to Parent

$ 2,498

$ 2,144

$ 5,661

$ 5,567

Earnings Per Share, Basic

$ 1.77

$ 1.50

$ 3.99

$ 3.90

Earnings Per Share, Diluted

$ 1.75

$ 1.49

$ 3.97

$ 3.87

Weighted Average Number of Shares Outstanding, Diluted [Abstract]

Weighted Average Number of Shares Outstanding, Basic

^[2]

1,414

1,425

1,417

1,427

Weighted Average Number of Shares Outstanding, Diluted

^[2]

1,424

1,438

1,427

1,440

Common Stock, Dividends, Per Share, Declared

$ 0.9275

$ 0.805

$ 2.66

$ 2.3625

[1]	Reflects the retrospective adoption of guidance requiring the presentation of non-service cost components of net periodic benefit cost below operating profit. See Note 2 for additional information.
[2]	Weighted-average common shares outstanding (in millions)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 08, 2018	Sep. 09, 2017	Sep. 08, 2018	Sep. 09, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 2,509	$ 2,156	$ 5,692	$ 5,603
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	(728)	320	(1,409)	1,156
Other Comprehensive Income
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(1)	(32)	75	(83)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	54	9	134	20
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax [Abstract]
Comprehensive income attributable to noncontrolling interests	(11)	(12)	(31)	(37)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	1,825	2,443	4,465	6,611
Other Comprehensive Income (Loss), Net of Tax	(673)	299	(1,196)	1,045
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	1,836	2,455	4,496	6,648
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	2	2	4	(64)
Other Comprehensive Income, Other, Net of Tax	$ 0	$ 0	$ 0	$ 16

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	8 Months Ended
	Sep. 08, 2018	Sep. 09, 2017
Operating Activities
Net income	$ 5,692	$ 5,603
Depreciation and amortization	1,636	1,604
Share-based compensation expense	203	206
Restructuring and impairment charges	79	69
Cash payments for restructuring charges	(179)	(83)
Pension and retiree medical plan expenses	147	141
Pension and retiree medical plan contributions	(1,664)	(169)
Deferred income taxes and other tax charges and credits	(609)	284
Provisional net tax expense related to the TCJ Act	854	0
Change in assets and liabilities [Abstract]
Accounts and notes receivable	(1,299)	(999)
Inventories	(362)	(424)
Prepaid expenses and other current assets	(158)	(119)
Accounts payable and other current liabilities	116	(496)
Income taxes payable	633	633
Other, net	(357)	(163)
Net Cash Provided by (Used in) Operating Activities	4,732	6,087
Investing Activities
Capital spending	(1,578)	(1,474)
Sales of property, plant and equipment	119	82
Acquisitions and investments in noncontrolled affiliates	(253)	(45)
Divestitures	294	143
Short-term investments, by original maturity [Abstract]
More than three months - purchases	(5,637)	(11,742)
More than three months - maturities	11,874	10,400
More than three months - sales	772	345
Three months or less, net	7	4
Other investing, net	0	9
Net Cash Provided by (Used in) Investing Activities	5,598	(2,278)
Financing Activities
Proceeds from Issuance of Long-term Debt	0	3,525
Payments of long-term debt	(2,506)	(3,256)
Short-term borrowings, by original maturity
More than three months - proceeds	2	77
More than three months - payments	(17)	(91)
Three months or less, net	(1,384)	1,526
Cash dividends paid	(3,621)	(3,324)
Share repurchases - common	(1,442)	(1,464)
Share repurchases - preferred	(2)	(4)
Proceeds from exercises of stock options	215	396
Withholding tax payments on RSUs, PSUs and PEPunits converted	(93)	(131)
Other financing	(23)	(29)
Net Cash Provided by/(Used for) Financing Activities	(8,871)	(2,775)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(73)	76
Cash and Cash Equivalents and Restricted Cash, Period Increase (Decrease)	1,386	1,110
Cash and Cash Equivalents and Restricted Cash, Beginning of Year	10,657	9,169
Cash and Cash Equivalents and Restricted Cash, End of Period	$ 12,043	$ 10,279

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions

Sep. 08, 2018

Dec. 30, 2017

Current Assets

Cash and cash equivalents

$ 11,991

$ 10,610

Short-term investments

1,907

8,900

Accounts and notes receivable, less allowance: 9/18 - $120 and 12/17 - $129

7,975

7,024

Inventories

Raw materials and packaging

1,401

1,344

Work-in-process

164

167

Finished goods

1,577

1,436

Inventory, Net, Total

3,142

2,947

Prepaid expenses and other current assets

827

1,546

Total Current Assets

25,842

31,027

Property, Plant and Equipment

38,878

39,106

Accumulated Depreciation

(22,337)

(21,866)

Property, Plant and Equipment, Net, Total

16,541

17,240

Amortizable Intangible Assets, net

1,193

1,268

Goodwill

14,332

14,744

Other Nonamortizable Intangible Assets

12,273

12,570

Nonamortizable Intangible Assets

26,605

27,314

Investments in Noncontrolled Affiliates

2,394

2,042

Other Assets

1,057

913

Total Assets

73,632

79,804

Current Liabilities

Short-term debt obligations

4,474

5,485

Accounts payable and other current liabilities

15,230

15,017

Total Current Liabilities

19,704

20,502

Long-term Debt Obligations

30,643

33,796

Other Liabilities

9,538

11,283

Deferred Income Taxes

3,358

3,242

Total Liabilities

63,243

68,823

Preferred Stock, Value, Issued

Common stock, par value 12/3¢ per share (authorized 3,600 shares, issued, net of repurchased common stock at par value: 1,412 and 1,420 shares, respectively)

Capital in excess of par value

3,939

3,996

Retained earnings

54,404

52,839

Accumulated other comprehensive loss

^[1]

(14,253)

(13,057)

Total PepsiCo Common Shareholders’ Equity

10,286

11,045

Stockholders' Equity Attributable to Noncontrolling Interest

103

Total Equity

10,389

10,981

Total Liabilities and Equity

73,632

79,804

Preferred Stock

Preferred Stock, Value, Issued

Repurchased Common Stock, in excess of par value (455 and 446 shares, respectively)

Total PepsiCo Common Shareholders’ Equity

(33,828)

(32,757)

Redeemable Preferred Stock [Member] | Preferred Stock

Preferred Stock, Value, Issued

$ 0

$ (197)

[1]	Pension and retiree medical amounts are net of taxes of $1,338 million as of December 30, 2017, $1,332 million as of March 24, 2018, $1,314 million as of June 16, 2018 and $1,296 million as of September 8, 2018.

CONDENSED CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 08, 2018	Dec. 30, 2017
Statement of Financial Position [Abstract]
Accounts and notes receivable, allowance	$ 120	$ 129
Preferred Stock, no par value
Common stock, Par value	$ 0.0167	$ 0.0167
Common stock, Authorized	3,600	3,600
Common stock, Issued	1,412	1,420
Repurchased common stock, shares	455	446

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($) shares in Millions, $ in Millions	Total	Preferred Stock	Preferred Stock Redeemable Preferred Stock [Member]	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Repurchased Common Stock	Total Common Shareholder's Equity	Noncontrolling Interests
Preferred Stock, Shares Issued		0.8	(0.7)
Preferred Stock, Value, Issued		$ 41	$ (192)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent				$ 24	$ 4,091	$ 52,518	$ (13,919)	$ (31,468)
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets						0
Stockholders' Equity Attributable to Noncontrolling Interest										$ 104
Conversion of Stock, Shares Converted		0.0
Retirement of preferred stock		0.0	0.0
Convertible Preferred Stock Converted to Other Securities		$ 0		$ 0	0
Retirement of preferred stock, value		$ 0	$ 0			0
Redemptions, shares			0.0
Redemptions			$ (4)
Balance, beginning of year, shares at Dec. 31, 2016				1,428.0
Balance, end of year, shares at Sep. 09, 2017				1,423.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense					209
Stock option exercises, RSUs, PSUs and PEPunits converted					(221)			$ 620
Adjustments Related to Tax Withholding for Share-based Compensation					(131)
Other					(4)
Shares issued, beginning of year at Dec. 31, 2016								(438.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares				(5.0)				(13.0)
Treasury Stock, Value, Acquired, Cost Method				$ 0
Stock Repurchased During Period, Value								$ (1,495)
Stock option exercises, shares								8.0
Other (in shares)								0.0
Other								$ 2
Net income attributable to PepsiCo	$ 5,567					5,567
Cash dividends declared - common						(3,387)
Shares issued, end of period at Sep. 09, 2017								(443.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Noncontrolling Interest	36									36
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders										(25)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax										1
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							1,044
Stock Issued During Period, Shares, Conversion of Convertible Securities				0.0
Preferred Stock, Shares Issued		0.8	(0.7)
Preferred Stock, Value, Issued		$ 41	$ (196)
Stockholders' Equity Attributable to Parent				$ 24	3,944	54,698	(12,875)	$ (32,341)	$ 13,450
Stockholders' Equity Attributable to Noncontrolling Interest										116
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	13,411
Preferred Stock, Shares Issued		0.8	(0.7)
Preferred Stock, Value, Issued	41	$ 41	$ (197)
Stockholders' Equity Attributable to Parent	11,045			24	3,996	52,839	(13,057)	(32,757)
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets						(145)
Stockholders' Equity Attributable to Noncontrolling Interest	92									92
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	10,981
Conversion of Stock, Shares Converted		(0.1)
Retirement of preferred stock		(0.7)	0.7
Convertible Preferred Stock Converted to Other Securities		$ (6)		$ 0	6
Retirement of preferred stock, value		$ (35)	$ 199			(164)
Redemptions, shares			0.0
Redemptions			$ (2)
Balance, beginning of year, shares at Dec. 30, 2017				1,420.0
Balance, end of year, shares at Sep. 08, 2018				1,412.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense					204
Stock option exercises, RSUs, PSUs and PEPunits converted					(172)			$ 381
Adjustments Related to Tax Withholding for Share-based Compensation					(93)
Other					(2)
Shares issued, beginning of year at Dec. 30, 2017								(446.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased During Period, Shares				(9.0)				(14.0)
Treasury Stock, Value, Acquired, Cost Method				$ 0
Stock Repurchased During Period, Value								$ (1,453)
Stock option exercises, shares								5.0
Other (in shares)								0.0
Other								$ 1
Net income attributable to PepsiCo	5,661					5,661
Cash dividends declared - common						(3,787)
Shares issued, end of period at Sep. 08, 2018								(455.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Noncontrolling Interest	31									31
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders										(20)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent							(1,196)
Stock Issued During Period, Shares, Conversion of Convertible Securities				1.0
Preferred Stock, Shares Issued		0.0	0.0
Preferred Stock, Value, Issued	0	$ 0	$ 0
Stockholders' Equity Attributable to Parent	10,286			$ 24	$ 3,939	$ 54,404	$ (14,253)	$ (33,828)	$ 10,286
Stockholders' Equity Attributable to Noncontrolling Interest	103									$ 103
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 10,389

Basis of Presentation	8 Months Ended
Basis of Presentation	Sep. 08, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation When used in this report, the terms “we,” “us,” “our,” “PepsiCo” and the “Company” mean PepsiCo, Inc. and its consolidated subsidiaries, collectively. Our Condensed Consolidated Balance Sheet as of September 8, 2018, Condensed Consolidated Statements of Income and Comprehensive Income for the 12 and 36 weeks ended September 8, 2018 and September 9, 2017, and the Condensed Consolidated Statements of Cash Flows and Equity for the 36 weeks ended September 8, 2018 and September 9, 2017 have not been audited. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied in our Annual Report on Form 10-K for the fiscal year ended December 30, 2017 (2017 Form 10-K), as modified to reflect the adoption of those recently issued accounting pronouncements disclosed in Note 2 in this Form 10-Q. This report should be read in conjunction with our 2017 Form 10-K. In our opinion, these financial statements include all normal and recurring adjustments necessary for a fair presentation. The results for the 12 and 36 weeks ended September 8, 2018 are not necessarily indicative of the results expected for any future period or the full year. While our financial results in the United States and Canada (North America) are reported on a 12-week basis, most of our international operations report on a monthly calendar basis. In the 12 weeks ended September 8, 2018, our financial results outside of North America reflect the months of June, July and August. In the 36 weeks ended September 8, 2018, our financial results outside of North America reflect the months of January through August. Our significant interim accounting policies include the recognition of a pro rata share of certain estimated annual sales incentives and certain advertising and marketing costs in proportion to revenue or volume, as applicable, and the recognition of income taxes using an estimated annual effective tax rate. Raw materials, direct labor and plant overhead, as well as purchasing and receiving costs, costs directly related to production planning, inspection costs and raw materials handling facilities, are included in cost of sales. The costs of moving, storing and delivering finished product, including merchandising activities, are included in selling, general and administrative expenses. The following information is unaudited. 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 year’s financial statements to conform to the current year presentation, including the adoption during the first quarter of 2018 of those recently issued accounting pronouncements disclosed in Note 2.

Basis of Presentation and Our Divisions Our Divisions

8 Months Ended

Sep. 08, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Our Divisions

We are organized into six reportable segments (also referred to as divisions), as follows:


1)	Frito-Lay North America (FLNA), which includes our branded food and snack businesses in the United States and Canada;


2)	Quaker Foods North America (QFNA), which includes our cereal, rice, pasta and other branded food businesses in the United States and Canada;


3)	North America Beverages (NAB), which includes our beverage businesses in the United States and Canada;


4)	Latin America, which includes all of our beverage, food and snack businesses in Latin America;


5)	Europe Sub-Saharan Africa (ESSA), which includes all of our beverage, food and snack businesses in Europe and Sub-Saharan Africa; and


6)	Asia, Middle East and North Africa (AMENA), which includes all of our beverage, food and snack businesses in Asia, Middle East and North Africa.

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



	12 Weeks Ended				36 Weeks Ended
Net Revenue	9/8/2018^(a)		9/9/2017		9/8/2018^(a)		9/9/2017
FLNA	$	3,891	$	3,792	$	11,345	$	10,969
QFNA	567		578		1,695		1,729
NAB	5,456		5,332		15,064		15,034
Latin America	1,868		1,873		4,935		4,773
ESSA	3,161		3,098		7,945		7,355
AMENA	1,542		1,567		4,153		4,139
Total division	$	16,485	$	16,240	$	45,137	$	43,999

(a)

Our primary performance obligation is the distribution and sales of beverage products and food and snack products to our customers, each comprising approximately 50% of our consolidated net revenue. Internationally, our Latin America segment is predominantly a food and snack business, ESSA’s beverage business and food and snack business are each approximately 50% of the segment’s net revenue and AMENA’s beverage business and food and snack business are approximately 35% and 65%, respectively, of the segment’s net revenue. Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our NAB and ESSA segments, is approximately 40% of our consolidated net revenue. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.



	12 Weeks Ended						36 Weeks Ended
Operating Profit	9/8/2018			9/9/2017^(a)			9/8/2018			9/9/2017^(a)
FLNA	$	1,241		$	1,199		$	3,491		$	3,392
QFNA	143			145			443			453
NAB	703			813			1,838			2,204
Latin America	284			284			742			645
ESSA ^(b)	439			427			995			1,015
AMENA ^(c)	311			267			994			745
Total division	$	3,121		$	3,135		$	8,503		$	8,454
Corporate unallocated	(277		)	(211		)	(824		)	(748		)
	$	2,844		$	2,924		$	7,679		$	7,706


(a)	Reflects the retrospective adoption of guidance requiring the presentation of non-service cost components of net periodic benefit cost below operating profit. See Note 2 for additional information.


(b)	Operating profit for ESSA for the 36 weeks ended September 9, 2017 includes a gain of $95 million associated with the sale of our minority stake in Britvic plc (Britvic).


(c)	Operating profit for AMENA for the 36 weeks ended September 8, 2018 includes a gain of $144 million associated with refranchising a portion of our beverage business in Thailand.

Recently Issued Accounting Pronouncements (Notes)

8 Months Ended

Sep. 08, 2018

Accounting Changes and Error Corrections [Abstract]

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

Adopted

In 2017, the Financial Accounting Standards Board (FASB) issued guidance 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 separately 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 adopted the provisions of this guidance retrospectively in the first quarter of 2018, using historical information previously disclosed in our pension and retiree medical benefits footnote as the estimation basis. We also updated our allocation of service costs to our divisions to better approximate actual service cost. The impact from retrospective adoption of this guidance resulted in an increase to cost of sales and selling, general and administrative expenses of $2 million and $67 million, respectively, for the 12 weeks ended September 9, 2017 and $9 million and $201 million, respectively, for the 36 weeks ended September 9, 2017. We recorded a corresponding increase to other pension and retiree medical benefits income below operating profit of $69 million and $210 million for the 12 and 36 weeks ended September 9, 2017, respectively.

The following table shows the (decreases)/increases to operating profit for each division and to corporate unallocated for the respective periods presented below:



	9/9/2017
	12 Weeks Ended			36 Weeks Ended
FLNA ^(a)	$	(9	)	$	(29	)
QFNA	(1		)	(3		)
NAB ^(b)	(4		)	(12		)
Latin America	3			4
ESSA	(9		)	(24		)
AMENA	—			—
Corporate unallocated ^(c)	(49		)	(146		)
Total	$	(69	)	$	(210	)


(a)	Includes restructuring charges of $1 million for the 12 and 36 weeks ended September 9, 2017.


(b)	Includes restructuring charges of $1 million for the 36 weeks ended September 9, 2017.


(c)	Includes restructuring charges of $1 million and $2 million for the 12 weeks and 36 weeks ended September 9, 2017, respectively.

For the years ended December 30, 2017 and December 31, 2016, implementation of this guidance resulted in a decrease in operating profit of $233 million and an increase in operating profit of $19 million, respectively, primarily impacting selling, general and administrative expenses. The changes described above had no impact on our consolidated net revenue, net income or earnings per share. See Note 7 to our consolidated financial statements in our 2017 Form 10-K and Note 7 in this Form 10-Q 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 adopted the provisions of this guidance retrospectively during the first quarter of 2018; the adoption did not have a material impact on our financial statements and primarily relates to collateral posted against our derivative asset or liability positions. See Note 9 and Note 13 for further information.

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 adopted the provisions of this guidance during the first quarter of 2018; the adoption did not have a material impact on our financial statements and we recorded an adjustment of $8 million to beginning retained earnings.

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 adopted the provisions of this guidance during the first quarter of 2018; the adoption did not have an impact on our financial statements. See Note 9 to our consolidated financial statements in our 2017 Form 10-K for further information on our investments in equity 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 adopted the guidance applied to all contracts using the cumulative effect approach during the first quarter of 2018; the adoption did not have a material impact on our financial statements.

We utilized 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 completed our contract and business process reviews and implemented changes to our controls to support recognition and disclosures under the new guidance. We recognize revenue when our performance obligation is satisfied. Our primary performance obligation (the distribution and sales of beverage products and food and snack products) is satisfied upon shipment or delivery to our customers based on written sales terms, which is also when control is transferred.

As a result of implementing certain changes, which did not have a material impact on our accounting policies upon adoption, in the first quarter of 2018, we recorded an adjustment of $137 million to beginning retained earnings to reflect marketplace spending that our customers and independent bottlers expect to be entitled to in line with revenue recognition. In addition, we excluded from net revenue and cost of sales all sales, use, value-added and certain excise taxes assessed by governmental authorities on revenue-producing transactions that were not already excluded. The impact of these taxes previously recognized in net revenue and cost of sales was $19 million and $58 million for the 12 and 36 weeks ended September 9, 2017, respectively, and approximately $75 million for the fiscal year ended December 30, 2017, with no impact on operating profit. Shipping and handling activities, including certain merchandising activities, that are performed after a customer obtains control of the product are recorded as fulfillment costs in selling, general and administrative expenses. See Note 2 to our consolidated financial statements in our 2017 Form 10-K for further information on our significant accounting policies related to revenue recognition and total marketplace spending.

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 corporate tax rate, in accumulated other comprehensive loss to retained earnings. The reclassification is 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. We are currently evaluating the impact and, if elected, we will adopt the guidance when it becomes effective in the first quarter of 2019.

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. We are currently evaluating the impact of this guidance, including transition elections and required disclosures, on our financial statements. We will adopt the guidance when it becomes effective in the first quarter of 2019.

In 2016, the FASB issued guidance on leases, with amendments issued in 2018. The guidance 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 two permitted transition methods under the guidance are the modified retrospective transition approach, which requires application of the guidance in all comparative periods presented, and the cumulative effect adjustment approach, which requires application at the adoption date. 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 progressing on our comprehensive review of our lease portfolio and enhancing our controls. We identified our significant leases by geography and by asset type that will be impacted by the new guidance, and we are in the process of implementing a new software platform, and corresponding controls, for administering our leases and facilitating compliance with the new guidance. In addition, we are currently evaluating the method of transition. We will adopt the guidance when it becomes effective in the first quarter of 2019. See Note 13 to our consolidated financial statements in our 2017 Form 10-K for our minimum lease payments under non-cancelable operating leases.

Restructuring and Impairment Charges Restructuring and Impairment Charges (Notes)

8 Months Ended

Sep. 08, 2018

Restructuring and Related Activities [Abstract]

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

Restructuring and Impairment Charges

We publicly announced a multi-year productivity plan on February 13, 2014 (2014 Productivity Plan) that includes the next generation of productivity initiatives that we believe will strengthen our beverage, food and snack 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 2014 Productivity Plan, in the fourth quarter of 2017, we expanded and extended the program through the end of 2019 to take advantage of additional opportunities within the initiatives described above to further strengthen our beverage, food and snack businesses.

In the 12 weeks ended September 8, 2018 and September 9, 2017, we incurred restructuring charges of $35 million ($31 million after-tax or $0.02 per share) and $8 million ($7 million after-tax with a nominal amount per share), respectively, in conjunction with our 2014 Productivity Plan. In the 36 weeks ended September 8, 2018 and September 9, 2017, we incurred restructuring charges of $79 million ($66 million after-tax or $0.05 per share) and $69 million ($65 million after-tax or $0.05 per share), respectively. These net charges were recorded in selling, general and administrative expenses and other pension and retiree medical benefits income 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. The majority of the restructuring accrual at September 8, 2018 is expected to be paid by the end of 2018.

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



	12 Weeks Ended
	9/8/2018										9/9/2017
	Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs		Total			Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs^(b)			Total
FLNA	$	(4	)	$	—	$	1	$	(3	)	$	2		$	—	$	—		$	2
QFNA	—			—		—		—			—			—		—			—
NAB	9			2		2		13			—			—		(3		)	(3		)
Latin America	2			1		3		6			(5		)	2		1			(2		)
ESSA	16			—		1		17			10			1		1			12
AMENA	1			—		1		2			(2		)	—		(1		)	(3		)
Corporate	—			—		—		—			2			—		—			2
	$	24		$	3	$	8	$	35		$	7		$	3	$	(2	)	$	8


(a)	There were no net charges related to other pension and retiree medical benefits for the 12 weeks ended September 8, 2018. The 12 weeks ended September 9, 2017 includes charges related to other pension and retiree medical benefits of $2 million. Income amounts represent adjustments for changes in estimates of previously recorded amounts.


(b)	Income amount for NAB primarily reflects a gain on the sale of property, plant and equipment. Income amount for AMENA represents an adjustment for changes in estimates of previously recorded amounts.



	36 Weeks Ended
	9/8/2018										9/9/2017
	Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs		Total			Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs^(b)			Total
FLNA	$	1		$	3	$	2	$	6		$	6		$	—	$	—		$	6
QFNA	1			—		—		1			—			—		—			—
NAB	13			6		6		25			—			—		(1		)	(1		)
Latin America	10			1		7		18			28			15		4			47
ESSA	23			1		1		25			20			1		(2		)	19
AMENA	5			—		1		6			(2		)	—		(5		)	(7		)
Corporate	(5		)	—		3		(2		)	4			—		1			5
	$	48		$	11	$	20	$	79		$	56		$	16	$	(3	)	$	69


(a)	Includes charges related to other pension and retiree medical benefits of $4 million for each of the 36 weeks ended September 8, 2018 and September 9, 2017. Income amounts represent adjustments for changes in estimates of previously recorded amounts.


(b)	Income amounts primarily reflect gains on the sales of property, plant and equipment.

Since the inception of the 2014 Productivity Plan, we incurred restructuring charges of $1,113 million:



	2014 Productivity Plan Costs to Date
	Severance and Other Employee Costs		Asset Impairments		Other Costs		Total
FLNA	$	132	$	12	$	25	$	169
QFNA	27		—		6		33
NAB	162		75		89		326
Latin America	119		30		21		170
ESSA	150		42		60		252
AMENA	28		6		16		50
Corporate	57		—		56		113
	$	675	$	165	$	273	$	1,113

A summary of our 2014 Productivity Plan activity for the 36 weeks ended September 8, 2018 is as follows:



	Severance and Other Employee Costs			Asset Impairments			Other Costs			Total
Liability as of December 30, 2017	$	212		$	—		$	14		$	226
2018 restructuring charges	48			11			20			79
Cash payments	(150		)	—			(29		)	(179		)
Non-cash charges and translation	(10		)	(11		)	2			(19		)
Liability as of September 8, 2018	$	100		$	—		$	7		$	107

There were no material charges related to other productivity and efficiency initiatives outside the scope of the 2014 Productivity Plan.

We regularly evaluate different productivity initiatives beyond the 2014 Productivity Plan discussed above.

See additional unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Intangible Assets

8 Months Ended

Sep. 08, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

A summary of our amortizable intangible assets is as follows:



	9/8/2018							12/30/2017
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Acquired franchise rights	$	846	$	(136	)	$	710	$	858	$	(128	)	$	730
Reacquired franchise rights	106		(104		)	2		106		(104		)	2
Brands	1,297		(1,027		)	270		1,322		(1,026		)	296
Other identifiable intangibles	494		(283		)	211		521		(281		)	240
	$	2,743	$	(1,550	)	$	1,193	$	2,807	$	(1,539	)	$	1,268

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



	Balance 12/30/2017		Translation and Other			Balance 9/8/2018

FLNA ^(a)
Goodwill	$	280	$	23		$	303
Brands	25		140			165
	305		163			468
QFNA
Goodwill	175		—			175

NAB
Goodwill	9,854		(24		)	9,830
Reacquired franchise rights	7,126		(39		)	7,087
Acquired franchise rights	1,525		(9		)	1,516
Brands	353		—			353
	18,858		(72		)	18,786
Latin America
Goodwill	555		(51		)	504
Brands	141		(17		)	124
	696		(68		)	628
ESSA
Goodwill	3,452		(330		)	3,122
Reacquired franchise rights	549		(45		)	504
Acquired franchise rights	195		(31		)	164
Brands	2,545		(288		)	2,257
	6,741		(694		)	6,047
AMENA
Goodwill	428		(30		)	398
Brands	111		(8		)	103
	539		(38		)	501

Total goodwill	14,744		(412		)	14,332
Total reacquired franchise rights	7,675		(84		)	7,591
Total acquired franchise rights	1,720		(40		)	1,680
Total brands	3,175		(173		)	3,002
	$	27,314	$	(709	)	$	26,605


(a)	The change in 2018 is primarily related to our acquisition of Bare Foods Co.

Income Taxes

8 Months Ended

Sep. 08, 2018

Income Tax Disclosure [Abstract]

Income Taxes

A reconciliation of unrecognized tax benefits is as follows:



	9/8/2018			12/30/2017
Balance, beginning of year	$	2,212		$	1,885
Additions for tax positions related to the current year	102			309
Additions for tax positions from prior years	124			86
Reductions for tax positions from prior years	(734		)	(51		)
Settlement payments	(229		)	(4		)
Statutes of limitations expiration	(28		)	(33		)
Translation and other	(10		)	20
Balance, end of period	$	1,437		$	2,212

For the 12 weeks ended September 8, 2018, we recognized a non-cash tax benefit of $364 million ($0.26 per share) resulting from the conclusion of certain international tax audits. In the second quarter of 2018, we reached an agreement with the Internal Revenue Service (IRS) resolving all open matters related to the audits of taxable years 2012 and 2013. The conclusion of certain international tax audits and the resolution with the IRS, collectively, resulted in a non-cash tax benefit totaling $678 million ($0.48 per share) for the 36 weeks ended September 8, 2018.

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 Note 5 to our consolidated financial statements in our 2017 Form 10-K for further information on this provisional net tax expense.

For the 12 weeks ended September 8, 2018, we recognized additional provisional transition tax expense of $76 million ($0.05 per share) reflecting the TCJ Act impact on the conclusion of certain international tax audits, as discussed above. For the 36 weeks ended September 8, 2018, we recognized additional provisional transition tax expense of $854 million ($0.60 per share) reflecting the impact of additional transition tax guidance issued by the IRS through the third quarter of 2018, the TCJ Act impact on the conclusion of certain international tax audits and the resolution with the IRS of all open matters related to the audits of taxable years 2012 and 2013, as discussed above, as well as the impact of actions taken by states within the United States that adopted the TCJ Act. These amounts were in addition to the provisional net tax expense of $2.5 billion recognized in the fourth quarter of 2017.

The TCJ Act also created a new requirement that certain income earned by foreign subsidiaries, known as global intangible low-tax income (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. During the first quarter of 2018, we elected to treat the tax effect of GILTI as a current-period expense when incurred.

The components of the provisional net tax expense recorded in 2017 and through the 36 weeks ended September 8, 2018 were 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, could impact our deferred tax balance as of December 30, 2017.

Tax effects for these items will be recorded as discrete adjustments to our income tax provision, once complete. We elected to adopt the guidance issued by the Securities and Exchange Commission that allows for a measurement period, not to exceed one year after the enactment date of the TCJ Act, to finalize the recording of the related tax impacts. We currently expect to finalize and record 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” and Note 5 to our consolidated financial statements in our 2017 Form 10-K and “Our Critical Accounting Policies,” “Our Business Risks” and “Our Liquidity and Capital Resources” in Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-Q.

Share-Based Compensation

8 Months Ended

Sep. 08, 2018

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

Stock-Based Compensation

Share-Based Compensation

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



	12 Weeks Ended					36 Weeks Ended
	9/8/2018			9/9/2017		9/8/2018		9/9/2017
Share-based compensation expense - equity awards	$	57		$	63	$	203	$	206
Share-based compensation expense - liability awards	2			3		4		10
Restructuring and impairment charges	(1		)	1		1		3
Total	$	58		$	67	$	208	$	219

For the 12 weeks ended September 8, 2018 and September 9, 2017, our grants of stock options, RSUs, PSUs and long-term cash awards were nominal.

The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:



	36 Weeks Ended
	9/8/2018			9/9/2017
	Granted^(a)	Weighted-Average Grant Price		Granted^(a)	Weighted-Average Grant Price
Stock options	1.4	$	108.75	1.4	$	110.04
RSUs and PSUs	2.6	$	108.70	2.8	$	109.84


(a)	In millions. All grant activity is disclosed at target.

We granted long-term cash awards to certain executive officers and other senior executives with an aggregate target value of $21 million and $19 million during the 36 weeks ended September 8, 2018 and September 9, 2017, respectively.

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



	36 Weeks Ended
	9/8/2018		9/9/2017
Expected life	5 years		5 years
Risk-free interest rate	2.6	%	2.0	%
Expected volatility	12	%	11	%
Expected dividend yield	2.7	%	2.7	%

Pension and Retiree Medical Benefits (Notes)

8 Months Ended

Sep. 08, 2018

Pension and Retiree Medical Benefits [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension and Retiree Medical Benefits

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



	12 Weeks Ended
	Pension												Retiree Medical
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			9/8/2018			9/9/2017
	U.S.						International
Service cost	$	99		$	93		$	23		$	21		$	7		$	6
Interest cost	111			108			23			21			8			8
Expected return on plan assets	(218		)	(196		)	(50		)	(42		)	(4		)	(5		)
Amortization of prior service cost/(credits)	1			—			—			—			(5		)	(5		)
Amortization of net losses/(gains)	41			29			12			12			(2		)	(3		)
	34			34			8			12			4			1
Settlement loss	7			—			2			2			—			—
Special termination benefits	—			2			—			—			—			—
Total	$	41		$	36		$	10		$	14		$	4		$	1



	36 Weeks Ended
	Pension												Retiree Medical
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			9/8/2018			9/9/2017
	U.S.						International
Service cost	$	298		$	278		$	63		$	58		$	22		$	19
Interest cost	333			324			63			57			24			25
Expected return on plan assets	(653		)	(588		)	(134		)	(112		)	(13		)	(15		)
Amortization of prior service cost/(credits)	2			1			—			—			(14		)	(17		)
Amortization of net losses/(gains)	124			85			31			33			(7		)	(9		)
	104			100			23			36			12			3
Settlement loss	7			—			2			2			—			—
Special termination benefits	3			4			1			—			—			—
Total	$	114		$	104		$	26		$	38		$	12		$	3

We regularly evaluate opportunities to reduce risk and volatility associated with our pension and retiree medical plans. During the first quarter of 2018, we made discretionary contributions of $1.4 billion to the PepsiCo Employees Retirement Plan A (Plan A) in the United States. During the third quarter of 2018, we made discretionary contributions of $37 million to fund U.S. retiree medical plan benefits. We made discretionary contributions to our international pension plans of $17 million and $6 million for the 36 weeks ended September 8, 2018 and September 9, 2017, respectively.

Debt Obligations and Commitments	8 Months Ended
Debt Obligations and Commitments	Sep. 08, 2018
Debt Obligations and Commitments [Abstract]
Debt Obligations and Commitments	Note 8 - Debt Obligations In the 36 weeks ended September 8, 2018, $2.5 billion of senior notes matured and were paid. As of September 8, 2018, we had no commercial paper outstanding. In the second quarter of 2018, we entered into a new five-year unsecured revolving credit agreement (Five-Year Credit Agreement) which expires on June 4, 2023. 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 the second quarter of 2018, we entered into a new 364-day unsecured revolving credit agreement (364-Day Credit Agreement) which expires on June 3, 2019. 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 $3.75 billion five-year credit agreement and our $3.75 billion 364-day credit agreement, both dated as of June 5, 2017. 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 September 8, 2018, there were no outstanding borrowings under the Five-Year Credit Agreement or the 364-Day Credit Agreement.

Financial Instruments

8 Months Ended

Sep. 08, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Note 9 - Financial Instruments

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


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


•	foreign exchange rates and currency restrictions; and


•	interest rates.

There have been no material changes during the 36 weeks ended September 8, 2018 with respect to our risk management policies or strategies and valuation techniques used in measuring the fair value of the financial assets or liabilities disclosed in Note 9 to our consolidated financial statements in our 2017 Form 10-K.

The notional amounts of our financial instruments used to hedge the above risks as of September 8, 2018 and December 30, 2017 are as follows:



	Notional Amounts^(a)
	9/8/2018		12/30/2017
Commodity	$	0.9	$	0.9
Foreign exchange	$	1.9	$	1.6
Interest rate	$	11.9	$	14.2
Net investment	$	1.4	$	1.5


(a)	In billions.

Ineffectiveness for all derivatives and non-derivatives that qualify for hedge accounting treatment was not material for all periods presented.

As of September 8, 2018, approximately 36% of total debt, after the impact of the related interest rate derivative instruments, was subject to variable rates, compared to approximately 43% as of December 30, 2017.

Fair Value Measurements

The fair values of our financial assets and liabilities as of September 8, 2018 and December 30, 2017 are categorized as follows:



		9/8/2018				12/30/2017
	Fair Value Hierarchy Levels	Assets^(a)		Liabilities^(a)		Assets^(a)		Liabilities^(a)
Available-for-sale debt securities ^(b)	2	$	8,218	$	—	$	14,510	$	—
Short-term investments ^(c)	1	$	234	$	—	$	228	$	—
Prepaid forward contracts ^(d)	2	$	22	$	—	$	27	$	—
Deferred compensation ^(e)	2	$	—	$	489	$	—	$	503
Derivatives designated as fair value hedging instruments:
Interest rate ^(f)	2	$	—	$	224	$	24	$	130
Derivatives designated as cash flow hedging instruments:
Foreign exchange ^(g)	2	$	46	$	10	$	15	$	31
Interest rate ^(g)	2	—		242		—		213
Commodity ^(h)	1	—		1		—		2
Commodity ⁽ⁱ⁾	2	2		—		2		—
		$	48	$	253	$	17	$	246
Derivatives not designated as hedging instruments:
Foreign exchange ^(g)	2	$	2	$	6	$	10	$	3
Commodity ^(h)	1	1		16		—		19
Commodity ⁽ⁱ⁾	2	47		32		85		12
		$	50	$	54	$	95	$	34
Total derivatives at fair value ^(j)		$	98	$	531	$	136	$	410
Total		$	8,572	$	1,020	$	14,901	$	913


(a)	Unless otherwise noted, financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our balance sheet within accounts payable and other current liabilities and other liabilities.

(b)

Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of September 8, 2018, $6.5 billion and $1.7 billion of debt securities were classified as cash equivalents and short-term investments, respectively. As of December 30, 2017, $5.8 billion and $8.7 billion of debt securities were classified as cash equivalents and short-term investments, respectively. Unrealized gains and losses on our investments in debt securities as of September 8, 2018 and December 30, 2017 were not material. All of our available-for-sale debt securities have maturities of one year or less.


(c)	Based on the price of index funds. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability.


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


(e)	Based on the fair value of investments corresponding to employees’ investment elections.


(f)	Based on LIBOR forward rates.


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


(h)	Based on quoted contract prices on futures exchange markets.


(i)	Based on recently reported market transactions of swap arrangements.

(j)

Derivative assets and liabilities are presented on a gross basis on our balance sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the balance sheet as of September 8, 2018 and December 30, 2017 were not material. Collateral received or posted against our asset or liability positions was not material. Collateral posted is classified as restricted cash. See Note 13 for further information.

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 September 8, 2018 and December 30, 2017 was $35 billion and $41 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:



	12 Weeks Ended
	Fair Value/Non- designated Hedges						Cash Flow and Net Investment Hedges
	Losses/(Gains) Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			9/8/2018			9/9/2017
Foreign exchange	$	11		$	16		$	(10	)	$	47		$	(10	)	$	5
Interest rate	(20		)	(18		)	20			(102		)	17			(102		)
Commodity	20			(32		)	1			2			—			—
Net investment	—			—			3			118			—			—
Total	$	11		$	(34	)	$	14		$	65		$	7		$	(97	)



	36 Weeks Ended
	Fair Value/Non- designated Hedges					Cash Flow and Net Investment Hedges
	Losses/(Gains) Recognized in Income Statement^(a)					Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2018		9/9/2017			9/8/2018			9/9/2017			9/8/2018		9/9/2017
Foreign exchange	$	8	$	4		$	(40	)	$	83		$	6	$	(6	)
Interest rate	118		(37		)	29			(156		)	72		(180		)
Commodity	17		(12		)	(1		)	3			2		3
Net investment	—		—			(52		)	184			—		—
Total	$	143	$	(45	)	$	(64	)	$	114		$	80	$	(183	)

(a)

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


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

Based on current market conditions, we expect to reclassify net gains of $13 million related to our cash flow hedges from accumulated other comprehensive loss into net income during the next 12 months.

See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Available-for-Sale Equity Securities

In the second quarter of 2017, we recognized 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.

Net Income Attributable to PepsiCo per Common Share

8 Months Ended

Sep. 08, 2018

Net Income Attributable to PepsiCo per Common Share

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



	12 Weeks Ended
	9/8/2018			9/9/2017
	Income		Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	2,498		$	2,144
Preferred shares:
Redemption premium	—			(1		)
Net income available for PepsiCo common shareholders	$	2,498	1,414	$	2,143		1,425
Basic net income attributable to PepsiCo per common share	$	1.77		$	1.50
Net income available for PepsiCo common shareholders	$	2,498	1,414	$	2,143		1,425
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—		10	—			12
Employee stock ownership plan (ESOP) convertible preferred stock	—		—	1			1
Diluted	$	2,498	1,424	$	2,144		1,438
Diluted net income attributable to PepsiCo per common share	$	1.75		$	1.49



	36 Weeks Ended
	9/8/2018				9/9/2017
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	5,661			$	5,567
Preferred shares:
Redemption premium	(2		)		(3		)
Net income available for PepsiCo common shareholders	$	5,659		1,417	$	5,564		1,427
Basic net income attributable to PepsiCo per common share	$	3.99			$	3.90
Net income available for PepsiCo common shareholders	$	5,659		1,417	$	5,564		1,427
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—			10	—			12
ESOP convertible preferred stock	2			—	3			1
Diluted	$	5,661		1,427	$	5,567		1,440
Diluted net income attributable to PepsiCo per common share	$	3.97			$	3.87


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

Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows:



	12 Weeks Ended				36 Weeks Ended
	9/8/2018		9/9/2017		9/8/2018		9/9/2017
Out-of-the-money options ^(a)	0.1		—		1.0		0.5
Average exercise price per option	$	115.75	$	—	$	109.63	$	109.69


(a)	In millions.

Acquisitions & Divestitures (Notes)	8 Months Ended
Acquisitions & Divestitures (Notes)	Sep. 08, 2018
Divestitures [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Acquisitions & Divestitures Acquisition of SodaStream International Ltd. (SodaStream) On August 20, 2018, we entered into an agreement under which we will acquire all of the outstanding shares of SodaStream for $144.00 per share in cash, in a transaction valued at approximately $3.2 billion. The acquisition has been unanimously approved by the Boards of Directors of both companies. The transaction is subject to a SodaStream shareholder vote, certain regulatory approvals and other customary conditions, and is currently expected to close by January 2019. Refranchising in Thailand During the second quarter of 2018, we refranchised our beverage business in Thailand by selling a controlling interest in our Thailand bottling operations to an alliance formed with Suntory Beverage & Food Asia Pte. Ltd. (Suntory). The alliance serves as the franchise bottler for both PepsiCo and Suntory. We recorded a pre-tax gain of $144 million ($126 million after-tax or $0.09 per share) in selling, general and administrative expenses in our AMENA segment in the second quarter of 2018 as a result of this transaction. 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 currently expected to be completed in the fourth quarter of 2018.

Basis of Presentation (Tables)

8 Months Ended

Sep. 08, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Segment Reporting Information, By Segment

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



	12 Weeks Ended				36 Weeks Ended
Net Revenue	9/8/2018^(a)		9/9/2017		9/8/2018^(a)		9/9/2017
FLNA	$	3,891	$	3,792	$	11,345	$	10,969
QFNA	567		578		1,695		1,729
NAB	5,456		5,332		15,064		15,034
Latin America	1,868		1,873		4,935		4,773
ESSA	3,161		3,098		7,945		7,355
AMENA	1,542		1,567		4,153		4,139
Total division	$	16,485	$	16,240	$	45,137	$	43,999

(a)



	12 Weeks Ended						36 Weeks Ended
Operating Profit	9/8/2018			9/9/2017^(a)			9/8/2018			9/9/2017^(a)
FLNA	$	1,241		$	1,199		$	3,491		$	3,392
QFNA	143			145			443			453
NAB	703			813			1,838			2,204
Latin America	284			284			742			645
ESSA ^(b)	439			427			995			1,015
AMENA ^(c)	311			267			994			745
Total division	$	3,121		$	3,135		$	8,503		$	8,454
Corporate unallocated	(277		)	(211		)	(824		)	(748		)
	$	2,844		$	2,924		$	7,679		$	7,706


(a)	Reflects the retrospective adoption of guidance requiring the presentation of non-service cost components of net periodic benefit cost below operating profit. See Note 2 for additional information.


(b)	Operating profit for ESSA for the 36 weeks ended September 9, 2017 includes a gain of $95 million associated with the sale of our minority stake in Britvic plc (Britvic).


(c)	Operating profit for AMENA for the 36 weeks ended September 8, 2018 includes a gain of $144 million associated with refranchising a portion of our beverage business in Thailand.

Recently Issued Accounting Pronouncements (Tables)

8 Months Ended

Sep. 08, 2018

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The following table shows the (decreases)/increases to operating profit for each division and to corporate unallocated for the respective periods presented below:



	9/9/2017
	12 Weeks Ended			36 Weeks Ended
FLNA ^(a)	$	(9	)	$	(29	)
QFNA	(1		)	(3		)
NAB ^(b)	(4		)	(12		)
Latin America	3			4
ESSA	(9		)	(24		)
AMENA	—			—
Corporate unallocated ^(c)	(49		)	(146		)
Total	$	(69	)	$	(210	)


(a)	Includes restructuring charges of $1 million for the 12 and 36 weeks ended September 9, 2017.

Restructuring and Impairment Charges (Tables)

8 Months Ended

Sep. 08, 2018

Restructuring and Related Costs [Table Text Block]

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



	12 Weeks Ended
	9/8/2018										9/9/2017
	Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs		Total			Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs^(b)			Total
FLNA	$	(4	)	$	—	$	1	$	(3	)	$	2		$	—	$	—		$	2
QFNA	—			—		—		—			—			—		—			—
NAB	9			2		2		13			—			—		(3		)	(3		)
Latin America	2			1		3		6			(5		)	2		1			(2		)
ESSA	16			—		1		17			10			1		1			12
AMENA	1			—		1		2			(2		)	—		(1		)	(3		)
Corporate	—			—		—		—			2			—		—			2
	$	24		$	3	$	8	$	35		$	7		$	3	$	(2	)	$	8


(a)	There were no net charges related to other pension and retiree medical benefits for the 12 weeks ended September 8, 2018. The 12 weeks ended September 9, 2017 includes charges related to other pension and retiree medical benefits of $2 million. Income amounts represent adjustments for changes in estimates of previously recorded amounts.


(b)	Income amount for NAB primarily reflects a gain on the sale of property, plant and equipment. Income amount for AMENA represents an adjustment for changes in estimates of previously recorded amounts.



	36 Weeks Ended
	9/8/2018										9/9/2017
	Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs		Total			Severance and Other Employee Costs^(a)			Asset Impairments		Other Costs^(b)			Total
FLNA	$	1		$	3	$	2	$	6		$	6		$	—	$	—		$	6
QFNA	1			—		—		1			—			—		—			—
NAB	13			6		6		25			—			—		(1		)	(1		)
Latin America	10			1		7		18			28			15		4			47
ESSA	23			1		1		25			20			1		(2		)	19
AMENA	5			—		1		6			(2		)	—		(5		)	(7		)
Corporate	(5		)	—		3		(2		)	4			—		1			5
	$	48		$	11	$	20	$	79		$	56		$	16	$	(3	)	$	69


(a)	Includes charges related to other pension and retiree medical benefits of $4 million for each of the 36 weeks ended September 8, 2018 and September 9, 2017. Income amounts represent adjustments for changes in estimates of previously recorded amounts.


(b)	Income amounts primarily reflect gains on the sales of property, plant and equipment.

2014 Plan Restructuring Charges Inception to Date [Table Text Block]

Since the inception of the 2014 Productivity Plan, we incurred restructuring charges of $1,113 million:



	2014 Productivity Plan Costs to Date
	Severance and Other Employee Costs		Asset Impairments		Other Costs		Total
FLNA	$	132	$	12	$	25	$	169
QFNA	27		—		6		33
NAB	162		75		89		326
Latin America	119		30		21		170
ESSA	150		42		60		252
AMENA	28		6		16		50
Corporate	57		—		56		113
	$	675	$	165	$	273	$	1,113

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

A summary of our 2014 Productivity Plan activity for the 36 weeks ended September 8, 2018 is as follows:



	Severance and Other Employee Costs			Asset Impairments			Other Costs			Total
Liability as of December 30, 2017	$	212		$	—		$	14		$	226
2018 restructuring charges	48			11			20			79
Cash payments	(150		)	—			(29		)	(179		)
Non-cash charges and translation	(10		)	(11		)	2			(19		)
Liability as of September 8, 2018	$	100		$	—		$	7		$	107

Intangible Assets (Tables)

8 Months Ended

Sep. 08, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

A summary of our amortizable intangible assets is as follows:



	9/8/2018							12/30/2017
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Acquired franchise rights	$	846	$	(136	)	$	710	$	858	$	(128	)	$	730
Reacquired franchise rights	106		(104		)	2		106		(104		)	2
Brands	1,297		(1,027		)	270		1,322		(1,026		)	296
Other identifiable intangibles	494		(283		)	211		521		(281		)	240
	$	2,743	$	(1,550	)	$	1,193	$	2,807	$	(1,539	)	$	1,268

Schedule Of Change In Book Value Of Nonamortizable Intangible Assets

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



	Balance 12/30/2017		Translation and Other			Balance 9/8/2018

FLNA ^(a)
Goodwill	$	280	$	23		$	303
Brands	25		140			165
	305		163			468
QFNA
Goodwill	175		—			175

NAB
Goodwill	9,854		(24		)	9,830
Reacquired franchise rights	7,126		(39		)	7,087
Acquired franchise rights	1,525		(9		)	1,516
Brands	353		—			353
	18,858		(72		)	18,786
Latin America
Goodwill	555		(51		)	504
Brands	141		(17		)	124
	696		(68		)	628
ESSA
Goodwill	3,452		(330		)	3,122
Reacquired franchise rights	549		(45		)	504
Acquired franchise rights	195		(31		)	164
Brands	2,545		(288		)	2,257
	6,741		(694		)	6,047
AMENA
Goodwill	428		(30		)	398
Brands	111		(8		)	103
	539		(38		)	501

Total goodwill	14,744		(412		)	14,332
Total reacquired franchise rights	7,675		(84		)	7,591
Total acquired franchise rights	1,720		(40		)	1,680
Total brands	3,175		(173		)	3,002
	$	27,314	$	(709	)	$	26,605


(a)	The change in 2018 is primarily related to our acquisition of Bare Foods Co.

Income Taxes (Tables)

8 Months Ended

Sep. 08, 2018

Income Tax Disclosure [Abstract]

Reserves Rollforward

A reconciliation of unrecognized tax benefits is as follows:



	9/8/2018			12/30/2017
Balance, beginning of year	$	2,212		$	1,885
Additions for tax positions related to the current year	102			309
Additions for tax positions from prior years	124			86
Reductions for tax positions from prior years	(734		)	(51		)
Settlement payments	(229		)	(4		)
Statutes of limitations expiration	(28		)	(33		)
Translation and other	(10		)	20
Balance, end of period	$	1,437		$	2,212

Stock-Based Compensation (Tables)

8 Months Ended

Sep. 08, 2018

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

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

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



	12 Weeks Ended					36 Weeks Ended
	9/8/2018			9/9/2017		9/8/2018		9/9/2017
Share-based compensation expense - equity awards	$	57		$	63	$	203	$	206
Share-based compensation expense - liability awards	2			3		4		10
Restructuring and impairment charges	(1		)	1		1		3
Total	$	58		$	67	$	208	$	219

Schedule of Share-based Payment Award, PepsiCo, Inc. Long-Term Incentive Plan

The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:



	36 Weeks Ended
	9/8/2018			9/9/2017
	Granted^(a)	Weighted-Average Grant Price		Granted^(a)	Weighted-Average Grant Price
Stock options	1.4	$	108.75	1.4	$	110.04
RSUs and PSUs	2.6	$	108.70	2.8	$	109.84


(a)	In millions. All grant activity is disclosed at target.

Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions

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



	36 Weeks Ended
	9/8/2018		9/9/2017
Expected life	5 years		5 years
Risk-free interest rate	2.6	%	2.0	%
Expected volatility	12	%	11	%
Expected dividend yield	2.7	%	2.7	%

Pension and Retiree Medical Benefits Periodic Benefit Cost (Tables)

8 Months Ended

Sep. 08, 2018

Retirement Benefits [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The following table shows the (decreases)/increases to operating profit for each division and to corporate unallocated for the respective periods presented below:



	9/9/2017
	12 Weeks Ended			36 Weeks Ended
FLNA ^(a)	$	(9	)	$	(29	)
QFNA	(1		)	(3		)
NAB ^(b)	(4		)	(12		)
Latin America	3			4
ESSA	(9		)	(24		)
AMENA	—			—
Corporate unallocated ^(c)	(49		)	(146		)
Total	$	(69	)	$	(210	)


(a)	Includes restructuring charges of $1 million for the 12 and 36 weeks ended September 9, 2017.

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

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



	12 Weeks Ended
	Pension												Retiree Medical
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			9/8/2018			9/9/2017
	U.S.						International
Service cost	$	99		$	93		$	23		$	21		$	7		$	6
Interest cost	111			108			23			21			8			8
Expected return on plan assets	(218		)	(196		)	(50		)	(42		)	(4		)	(5		)
Amortization of prior service cost/(credits)	1			—			—			—			(5		)	(5		)
Amortization of net losses/(gains)	41			29			12			12			(2		)	(3		)
	34			34			8			12			4			1
Settlement loss	7			—			2			2			—			—
Special termination benefits	—			2			—			—			—			—
Total	$	41		$	36		$	10		$	14		$	4		$	1



	36 Weeks Ended
	Pension												Retiree Medical
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			9/8/2018			9/9/2017
	U.S.						International
Service cost	$	298		$	278		$	63		$	58		$	22		$	19
Interest cost	333			324			63			57			24			25
Expected return on plan assets	(653		)	(588		)	(134		)	(112		)	(13		)	(15		)
Amortization of prior service cost/(credits)	2			1			—			—			(14		)	(17		)
Amortization of net losses/(gains)	124			85			31			33			(7		)	(9		)
	104			100			23			36			12			3
Settlement loss	7			—			2			2			—			—
Special termination benefits	3			4			1			—			—			—
Total	$	114		$	104		$	26		$	38		$	12		$	3

Financial Instruments (Tables)

8 Months Ended

Sep. 08, 2018

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The notional amounts of our financial instruments used to hedge the above risks as of September 8, 2018 and December 30, 2017 are as follows:



	Notional Amounts^(a)
	9/8/2018		12/30/2017
Commodity	$	0.9	$	0.9
Foreign exchange	$	1.9	$	1.6
Interest rate	$	11.9	$	14.2
Net investment	$	1.4	$	1.5


(a)	In billions.

Fair Values of Financial Assets and Liabilities

Fair Value Measurements

The fair values of our financial assets and liabilities as of September 8, 2018 and December 30, 2017 are categorized as follows:



		9/8/2018				12/30/2017
	Fair Value Hierarchy Levels	Assets^(a)		Liabilities^(a)		Assets^(a)		Liabilities^(a)
Available-for-sale debt securities ^(b)	2	$	8,218	$	—	$	14,510	$	—
Short-term investments ^(c)	1	$	234	$	—	$	228	$	—
Prepaid forward contracts ^(d)	2	$	22	$	—	$	27	$	—
Deferred compensation ^(e)	2	$	—	$	489	$	—	$	503
Derivatives designated as fair value hedging instruments:
Interest rate ^(f)	2	$	—	$	224	$	24	$	130
Derivatives designated as cash flow hedging instruments:
Foreign exchange ^(g)	2	$	46	$	10	$	15	$	31
Interest rate ^(g)	2	—		242		—		213
Commodity ^(h)	1	—		1		—		2
Commodity ⁽ⁱ⁾	2	2		—		2		—
		$	48	$	253	$	17	$	246
Derivatives not designated as hedging instruments:
Foreign exchange ^(g)	2	$	2	$	6	$	10	$	3
Commodity ^(h)	1	1		16		—		19
Commodity ⁽ⁱ⁾	2	47		32		85		12
		$	50	$	54	$	95	$	34
Total derivatives at fair value ^(j)		$	98	$	531	$	136	$	410
Total		$	8,572	$	1,020	$	14,901	$	913


(a)	Unless otherwise noted, financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our balance sheet within accounts payable and other current liabilities and other liabilities.

(b)


(c)	Based on the price of index funds. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability.


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


(e)	Based on the fair value of investments corresponding to employees’ investment elections.


(f)	Based on LIBOR forward rates.


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


(h)	Based on quoted contract prices on futures exchange markets.


(i)	Based on recently reported market transactions of swap arrangements.

(j)

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

Losses/(gains) on our hedging instruments are categorized as follows:



	12 Weeks Ended
	Fair Value/Non- designated Hedges						Cash Flow and Net Investment Hedges
	Losses/(Gains) Recognized in Income Statement^(a)						Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			9/8/2018			9/9/2017
Foreign exchange	$	11		$	16		$	(10	)	$	47		$	(10	)	$	5
Interest rate	(20		)	(18		)	20			(102		)	17			(102		)
Commodity	20			(32		)	1			2			—			—
Net investment	—			—			3			118			—			—
Total	$	11		$	(34	)	$	14		$	65		$	7		$	(97	)



	36 Weeks Ended
	Fair Value/Non- designated Hedges					Cash Flow and Net Investment Hedges
	Losses/(Gains) Recognized in Income Statement^(a)					Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss						Losses/(Gains) Reclassified from Accumulated Other Comprehensive Loss into Income Statement^(b)
	9/8/2018		9/9/2017			9/8/2018			9/9/2017			9/8/2018		9/9/2017
Foreign exchange	$	8	$	4		$	(40	)	$	83		$	6	$	(6	)
Interest rate	118		(37		)	29			(156		)	72		(180		)
Commodity	17		(12		)	(1		)	3			2		3
Net investment	—		—			(52		)	184			—		—
Total	$	143	$	(45	)	$	(64	)	$	114		$	80	$	(183	)

(a)


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

See further unaudited information in “Items Affecting Comparability” in Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Net Income Attributable to PepsiCo per Common Share (Tables)

8 Months Ended

Sep. 08, 2018

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:



	12 Weeks Ended
	9/8/2018			9/9/2017
	Income		Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	2,498		$	2,144
Preferred shares:
Redemption premium	—			(1		)
Net income available for PepsiCo common shareholders	$	2,498	1,414	$	2,143		1,425
Basic net income attributable to PepsiCo per common share	$	1.77		$	1.50
Net income available for PepsiCo common shareholders	$	2,498	1,414	$	2,143		1,425
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—		10	—			12
Employee stock ownership plan (ESOP) convertible preferred stock	—		—	1			1
Diluted	$	2,498	1,424	$	2,144		1,438
Diluted net income attributable to PepsiCo per common share	$	1.75		$	1.49



	36 Weeks Ended
	9/8/2018				9/9/2017
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	5,661			$	5,567
Preferred shares:
Redemption premium	(2		)		(3		)
Net income available for PepsiCo common shareholders	$	5,659		1,417	$	5,564		1,427
Basic net income attributable to PepsiCo per common share	$	3.99			$	3.90
Net income available for PepsiCo common shareholders	$	5,659		1,417	$	5,564		1,427
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—			10	—			12
ESOP convertible preferred stock	2			—	3			1
Diluted	$	5,661		1,427	$	5,567		1,440
Diluted net income attributable to PepsiCo per common share	$	3.97			$	3.87


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

Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows:



	12 Weeks Ended				36 Weeks Ended
	9/8/2018		9/9/2017		9/8/2018		9/9/2017
Out-of-the-money options ^(a)	0.1		—		1.0		0.5
Average exercise price per option	$	115.75	$	—	$	109.63	$	109.69


(a)	In millions.

Accumulated Other Comprehensive Loss (Tables)

8 Months Ended

Sep. 08, 2018

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

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



	Currency Translation Adjustment			Cash Flow Hedges			Pension and Retiree Medical			Available-For-Sale Securities			Other			Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 30, 2017 ^(a)	$	(10,277	)	$	47		$	(2,804	)	$	(4	)	$	(19	)	$	(13,057	)
Other comprehensive (loss)/income before reclassifications ^(b)	288			93			(13		)	(2		)	—			366
Amounts reclassified from accumulated other comprehensive loss	—			(55		)	43			—			—			(12		)
Net other comprehensive (loss)/income	288			38			30			(2		)	—			354
Tax amounts	2			(10		)	(6		)	—			—			(14		)
Balance as of March 24, 2018 ^(a)	(9,987		)	75			(2,780		)	(6		)	(19		)	(12,717		)
Other comprehensive (loss)/income before reclassifications ^(c)	(953		)	(70		)	28			4			—			(991		)
Amounts reclassified from accumulated other comprehensive loss	—			128			46			—			—			174
Net other comprehensive (loss)/income	(953		)	58			74			4			—			(817		)
Tax amounts	(18		)	(10		)	(18		)	—			—			(46		)
Balance as of June 16, 2018 ^(a)	(10,958		)	123			(2,724		)	(2		)	(19		)	(13,580		)
Other comprehensive (loss)/income before reclassifications ^(d)	(730		)	(11		)	16			2			—			(723		)
Amounts reclassified from accumulated other comprehensive loss	—			7			56			—			—			63
Net other comprehensive (loss)/income	(730		)	(4		)	72			2			—			(660		)
Tax amounts	2			3			(18		)	—			—			(13		)
Balance as of September 8, 2018 ^(a)	$	(11,686	)	$	122		$	(2,670	)	$	—		$	(19	)	$	(14,253	)


(a)	Pension and retiree medical amounts are net of taxes of $1,338 million as of December 30, 2017, $1,332 million as of March 24, 2018, $1,314 million as of June 16, 2018 and $1,296 million as of September 8, 2018.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble and Mexican peso.


(c)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Brazilian real and Mexican peso.


(d)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Turkish lira and Pound sterling.



	Currency Translation Adjustment			Cash Flow Hedges			Pension and Retiree Medical			Available-For-Sale Securities			Other			Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 31, 2016 ^(a)	$	(11,386	)	$	83		$	(2,645	)	$	64		$	(35	)	$	(13,919	)
Other comprehensive (loss)/income before reclassifications ^(b)	513			(3		)	(14		)	9			—			505
Amounts reclassified from accumulated other comprehensive loss	—			(33		)	28			—			—			(5		)
Net other comprehensive (loss)/income	513			(36		)	14			9			—			500
Tax amounts	4			9			(5		)	(5		)	—			3
Balance as of March 25, 2017 ^(a)	(10,869		)	56			(2,636		)	68			(35		)	(13,416		)
Other comprehensive (loss)/income before reclassifications ^(c)	297			20			(27		)	18			—			308
Amounts reclassified from accumulated other comprehensive loss ^(d)	—			(53		)	32			(99		)	—			(120		)
Net other comprehensive (loss)/income	297			(33		)	5			(81		)	—			188
Tax amounts	21			9			(3		)	11			16			54
Balance as of June 17, 2017 ^(a)	(10,551		)	32			(2,634		)	(2		)	(19		)	(13,174		)
Other comprehensive (loss)/income before reclassifications ^(e)	277			53			(20		)	2			—			312
Amounts reclassified from accumulated other comprehensive loss	—			(97		)	35			—			—			(62		)
Net other comprehensive (loss)/income	277			(44		)	15			2			—			250
Tax amounts	43			12			(6		)	—			—			49
Balance as of September 9, 2017 ^(a)	$	(10,231	)	$	—		$	(2,625	)	$	—		$	(19	)	$	(12,875	)


(a)	Pension and retiree medical amounts are net of taxes of $1,280 million as of December 31, 2016, $1,275 million as of March 25, 2017, $1,272 million as of June 17, 2017 and $1,266 million as of September 9, 2017.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble, Egyptian pound and Australian dollar.


(c)	Currency translation adjustment primarily reflects the appreciation in the euro and Russian ruble.


(d)	Available-for-sale securities reflect a reclassification associated with the sale of our minority stake in Britvic

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:



	Currency Translation Adjustment			Cash Flow Hedges			Pension and Retiree Medical			Available-For-Sale Securities			Other			Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 30, 2017 ^(a)	$	(10,277	)	$	47		$	(2,804	)	$	(4	)	$	(19	)	$	(13,057	)
Other comprehensive (loss)/income before reclassifications ^(b)	288			93			(13		)	(2		)	—			366
Amounts reclassified from accumulated other comprehensive loss	—			(55		)	43			—			—			(12		)
Net other comprehensive (loss)/income	288			38			30			(2		)	—			354
Tax amounts	2			(10		)	(6		)	—			—			(14		)
Balance as of March 24, 2018 ^(a)	(9,987		)	75			(2,780		)	(6		)	(19		)	(12,717		)
Other comprehensive (loss)/income before reclassifications ^(c)	(953		)	(70		)	28			4			—			(991		)
Amounts reclassified from accumulated other comprehensive loss	—			128			46			—			—			174
Net other comprehensive (loss)/income	(953		)	58			74			4			—			(817		)
Tax amounts	(18		)	(10		)	(18		)	—			—			(46		)
Balance as of June 16, 2018 ^(a)	(10,958		)	123			(2,724		)	(2		)	(19		)	(13,580		)
Other comprehensive (loss)/income before reclassifications ^(d)	(730		)	(11		)	16			2			—			(723		)
Amounts reclassified from accumulated other comprehensive loss	—			7			56			—			—			63
Net other comprehensive (loss)/income	(730		)	(4		)	72			2			—			(660		)
Tax amounts	2			3			(18		)	—			—			(13		)
Balance as of September 8, 2018 ^(a)	$	(11,686	)	$	122		$	(2,670	)	$	—		$	(19	)	$	(14,253	)


(a)	Pension and retiree medical amounts are net of taxes of $1,338 million as of December 30, 2017, $1,332 million as of March 24, 2018, $1,314 million as of June 16, 2018 and $1,296 million as of September 8, 2018.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble and Mexican peso.


(c)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Brazilian real and Mexican peso.


(d)	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Turkish lira and Pound sterling.



	Currency Translation Adjustment			Cash Flow Hedges			Pension and Retiree Medical			Available-For-Sale Securities			Other			Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 31, 2016 ^(a)	$	(11,386	)	$	83		$	(2,645	)	$	64		$	(35	)	$	(13,919	)
Other comprehensive (loss)/income before reclassifications ^(b)	513			(3		)	(14		)	9			—			505
Amounts reclassified from accumulated other comprehensive loss	—			(33		)	28			—			—			(5		)
Net other comprehensive (loss)/income	513			(36		)	14			9			—			500
Tax amounts	4			9			(5		)	(5		)	—			3
Balance as of March 25, 2017 ^(a)	(10,869		)	56			(2,636		)	68			(35		)	(13,416		)
Other comprehensive (loss)/income before reclassifications ^(c)	297			20			(27		)	18			—			308
Amounts reclassified from accumulated other comprehensive loss ^(d)	—			(53		)	32			(99		)	—			(120		)
Net other comprehensive (loss)/income	297			(33		)	5			(81		)	—			188
Tax amounts	21			9			(3		)	11			16			54
Balance as of June 17, 2017 ^(a)	(10,551		)	32			(2,634		)	(2		)	(19		)	(13,174		)
Other comprehensive (loss)/income before reclassifications ^(e)	277			53			(20		)	2			—			312
Amounts reclassified from accumulated other comprehensive loss	—			(97		)	35			—			—			(62		)
Net other comprehensive (loss)/income	277			(44		)	15			2			—			250
Tax amounts	43			12			(6		)	—			—			49
Balance as of September 9, 2017 ^(a)	$	(10,231	)	$	—		$	(2,625	)	$	—		$	(19	)	$	(12,875	)


(a)	Pension and retiree medical amounts are net of taxes of $1,280 million as of December 31, 2016, $1,275 million as of March 25, 2017, $1,272 million as of June 17, 2017 and $1,266 million as of September 9, 2017.


(b)	Currency translation adjustment primarily reflects the appreciation in the Russian ruble, Egyptian pound and Australian dollar.


(c)	Currency translation adjustment primarily reflects the appreciation in the euro and Russian ruble.


(d)	Available-for-sale securities reflect a reclassification associated with the sale of our minority stake in Britvic.


(e)	Currency translation adjustment primarily reflects the appreciation in the Canadian dollar and euro.

The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:



	12 Weeks Ended						36 Weeks Ended
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			Affected Line Item in the Income Statement
Cash flow hedges:
Foreign exchange contracts	$	(1	)	$	—		$	(1	)	$	—		Net revenue
Foreign exchange contracts	(9		)	5			7			(6		)	Cost of sales
Interest rate derivatives	17			(102		)	72			(180		)	Interest expense
Commodity contracts	1			—			4			4			Cost of sales
Commodity contracts	(1		)	—			(2		)	(1		)	Selling, general and administrative expenses
Net losses/(gains) before tax	7			(97		)	80			(183		)
Tax amounts	(3		)	37			(20		)	67
Net losses/(gains) after tax	$	4		$	(60	)	$	60		$	(116	)

Pension and retiree medical items:
Amortization of prior service credits	$	(4	)	$	(5	)	$	(12	)	$	(16	)	Other pension and retiree medical benefits income
Amortization of net losses	51			38			148			109			Other pension and retiree medical benefits income
Settlement losses	9			2			9			2			Other pension and retiree medical benefits income
Net losses before tax	56			35			145			95
Tax amounts	(12		)	(10		)	(32		)	(28		)
Net losses after tax	$	44		$	25		$	113		$	67

Available-for-sale securities:
Sale of Britvic securities	$	—		$	—		$	—		$	(99	)	Selling, general and administrative expenses
Tax amount	—			—			—			10
Net gain after tax	$	—		$	—		$	—		$	(89	)

Total net losses/(gains) reclassified, net of tax	$	48		$	(35	)	$	173		$	(138	)

Reclassifications out of Accumulated Other Comprehensive Loss

The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:



	12 Weeks Ended						36 Weeks Ended
	9/8/2018			9/9/2017			9/8/2018			9/9/2017			Affected Line Item in the Income Statement
Cash flow hedges:
Foreign exchange contracts	$	(1	)	$	—		$	(1	)	$	—		Net revenue
Foreign exchange contracts	(9		)	5			7			(6		)	Cost of sales
Interest rate derivatives	17			(102		)	72			(180		)	Interest expense
Commodity contracts	1			—			4			4			Cost of sales
Commodity contracts	(1		)	—			(2		)	(1		)	Selling, general and administrative expenses
Net losses/(gains) before tax	7			(97		)	80			(183		)
Tax amounts	(3		)	37			(20		)	67
Net losses/(gains) after tax	$	4		$	(60	)	$	60		$	(116	)

Pension and retiree medical items:
Amortization of prior service credits	$	(4	)	$	(5	)	$	(12	)	$	(16	)	Other pension and retiree medical benefits income
Amortization of net losses	51			38			148			109			Other pension and retiree medical benefits income
Settlement losses	9			2			9			2			Other pension and retiree medical benefits income
Net losses before tax	56			35			145			95
Tax amounts	(12		)	(10		)	(32		)	(28		)
Net losses after tax	$	44		$	25		$	113		$	67

Available-for-sale securities:
Sale of Britvic securities	$	—		$	—		$	—		$	(99	)	Selling, general and administrative expenses
Tax amount	—			—			—			10
Net gain after tax	$	—		$	—		$	—		$	(89	)

Total net losses/(gains) reclassified, net of tax	$	48		$	(35	)	$	173		$	(138	)

Segment Reporting Information by Net Revenue and Operating Profit (Detail) - USD ($)
$ in Millions

3 Months Ended

8 Months Ended

Sep. 08, 2018

Sep. 09, 2017

Jun. 17, 2017

Sep. 08, 2018

Sep. 09, 2017

Disaggregation of Net Revenue - Beverages

$ 2,844

$ 2,924

^[1]

$ 7,679

$ 7,706

^[1]

50.00%

Disaggregation of Net Revenue - Food/Snack

50.00%

Disaggregation of beverage revenue from company-owned bottlers

16,485

16,240

$ 45,137

43,999

40.00%

Gain (Loss) on Sale of Equity Investments

$ 95

Gain (Loss) on Disposition of Business

$ 144

FLNA

1,241

1,199

^[1]

3,491

3,392

^[1]

3,891

^[2]

3,792

11,345

^[2]

10,969

QFNA

143

145

^[1]

443

453

^[1]

North America Beverages [Member]

567

^[2]

578

1,695

^[2]

1,729

703

813

^[1]

1,838

2,204

^[1]

5,456

^[2]

5,332

15,064

^[2]

15,034

Latin America [Member]

284

^[1]

742

645

^[1]

Europe Sub-Saharan Africa

1,868

^[2]

1,873

4,935

^[2]

4,773

Disaggregation of Net Revenue - Beverages

439

427

^[1]

$ 995

1,015

^[1],[3]

50.00%

Disaggregation of Net Revenue - Food/Snack

50.00%

3,161

^[2]

3,098

$ 7,945

^[2]

7,355

Total Division

Disaggregation of Net Revenue - Beverages

311

267

^[1]

$ 994

^[4]

745

^[1]

35.00%

Disaggregation of Net Revenue - Food/Snack

65.00%

1,542

^[2]

1,567

$ 4,153

^[2]

4,139

Total Division [Member]

3,121

3,135

^[1]

8,503

8,454

^[1]

Corporate, Non-Segment [Member]

16,485

^[2]

16,240

45,137

^[2]

43,999

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

$ (277)

$ (211)

^[1]

$ (824)

$ (748)

^[1]

[1]	Reflects the retrospective adoption of guidance requiring the presentation of non-service cost components of net periodic benefit cost below operating profit. See Note 2 for additional information.
[2]	Our primary performance obligation is the distribution and sales of beverage products and food and snack products to our customers, each comprising approximately 50% of our consolidated net revenue. Internationally, our Latin America segment is predominantly a food and snack business, ESSA’s beverage business and food and snack business are each approximately 50% of the segment’s net revenue and AMENA’s beverage business and food and snack business are approximately 35% and 65%, respectively, of the segment’s net revenue. Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our NAB and ESSA segments, is approximately 40% of our consolidated net revenue. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.
[3]	Operating profit for ESSA for the 36 weeks ended September 9, 2017 includes a gain of $95 million associated with the sale of our minority stake in Britvic plc (Britvic).
[4]	Operating profit for AMENA for the 36 weeks ended September 8, 2018 includes a gain of $144 million associated with refranchising a portion of our beverage business in Thailand.

Recently Issued Accounting Pronouncements (Details) - USD ($)
$ in Millions

3 Months Ended

8 Months Ended

12 Months Ended

Sep. 09, 2017

Sep. 08, 2018

Sep. 09, 2017

Dec. 30, 2017

Dec. 31, 2016

New Accounting Pronouncement, Effect of Change on Operating Profit, SG&A

$ 67

$ 201

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

210

Sales, use, value-added and certain excise taxes assessed by governmental authorities on revenue-producing transactions that were recognized in net revenue and cost of sales

$ 75

New Accounting Pronouncement, Effect of Change on Operating Profit, Cost of Sales

$ 9

Retained Earnings

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification

$ 137

income tax effects of intercompany transfers of assets, other than inventory

$ 8

FLNA

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Restructuring and Related Cost, Caption that Includes Restructuring Charges

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

(9)

$ (29)

Quaker Foods North America [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

(1)

(3)

Latin America [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

Europe Sub-Saharan Africa [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

(9)

(24)

Asia Middle East and North Africa

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

$ 0

North America Beverages [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Restructuring and Related Cost, Caption that Includes Restructuring Charges

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

(4)

$ (12)

Total Division [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

$ (69)

$ (210)

Corporate, Non-Segment [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Restructuring and Related Cost, Caption that Includes Restructuring Charges

New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results

^[1]

$ (49)

$ (146)

Pension Plan [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification

$ 233

$ (19)

[1]	Includes restructuring charges of $1 million for the 12 and 36 weeks ended September 9, 2017.

Restructuring and Impairment Charges Narrative (Details) - 2014 Productivity Plan [Member] [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		8 Months Ended
	Sep. 08, 2018	Sep. 09, 2017	Sep. 08, 2018	Sep. 09, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 35	$ 8	$ 79	$ 69
Restructuring, Settlement and Impairment Provisions, After Tax	$ 31	$ 7	$ 66	$ 65
Restructuring, Settlement and Impairment Provisions, Net of Tax, Per Share Amount	$ 0.02	$ 0	$ 0.05	$ 0.05

Restructuring and Impairment Charges 2014 Productivity Plan Activity Rollforward (Details) - USD ($)
$ in Millions

3 Months Ended

8 Months Ended

Sep. 08, 2018

Sep. 09, 2017

Sep. 08, 2018

Sep. 09, 2017

Dec. 30, 2017

2014 Productivity Plan [Member] [Member]

$ (179)

$ (83)

Restructuring, Settlement and Impairment Provisions

$ 107

107

$ 226

$ 8

(179)

Employee Severance [Member] | 2014 Productivity Plan [Member] [Member]

(19)

Restructuring, Settlement and Impairment Provisions

100

212

^[1]

^[2]

(150)

Asset Impairment [Member] | 2014 Productivity Plan [Member] [Member]

(10)

Restructuring, Settlement and Impairment Provisions

Other Restructuring [Member] | 2014 Productivity Plan [Member] [Member]

(11)

Restructuring, Settlement and Impairment Provisions

$ 14

$ 8

$ (2)

$ (3)

(29)

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

$ 2

[1]	There were no net charges related to other pension and retiree medical benefits for the 12 weeks ended September 8, 2018. The 12 weeks ended September 9, 2017 includes charges related to other pension and retiree medical benefits of $2 million. Income amounts represent adjustments for changes in estimates of previously recorded amounts.
[2]	Includes charges related to other pension and retiree medical benefits of $4 million for each of the 36 weeks ended September 8, 2018 and September 9, 2017. Income amounts represent adjustments for changes in estimates of previously recorded amounts.

Intangible Assets Amortizable Intangible Assets, net (Detail) - USD ($) $ in Millions	Sep. 08, 2018	Dec. 30, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 2,743	$ 2,807
Finite-Lived Intangible Assets, Accumulated Amortization	(1,550)	(1,539)
Amortizable Intangible Assets, net	1,193	1,268
Other Identifiable Intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	494	521
Finite-Lived Intangible Assets, Accumulated Amortization	(283)	(281)
Amortizable Intangible Assets, net	211	240
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,297	1,322
Finite-Lived Intangible Assets, Accumulated Amortization	(1,027)	(1,026)
Amortizable Intangible Assets, net	270	296
Reacquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	106	106
Finite-Lived Intangible Assets, Accumulated Amortization	(104)	(104)
Amortizable Intangible Assets, net	2	2
Acquired Franchise Rights
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	846	858
Finite-Lived Intangible Assets, Accumulated Amortization	(136)	(128)
Amortizable Intangible Assets, net	$ 710	$ 730

Rollforward of Reserves for Federal State and Foreign Tax Jurisdictions (Detail) - USD ($) $ in Millions	8 Months Ended	12 Months Ended
	Sep. 08, 2018	Dec. 30, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 2,212	$ 1,885
Additions for tax positions related to the current year	102	309
Additions for tax positions from prior years	124	86
Reductions for tax positions from prior years	(734)	(51)
Settlement payments	(229)	(4)
Statute of limitations expiration	(28)	(33)
Translation and other	(10)	20
Balance, end of period	$ 1,437	$ 2,212

Income Taxes Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	4 Months Ended	8 Months Ended
	Sep. 08, 2018	Dec. 30, 2017	Sep. 08, 2018	Sep. 09, 2017
Income Tax Disclosure [Abstract]
Federal Audit Settlement	$ 364		$ 678
Federal Audit Settlement, Net of tax, Per share amount	$ 0.26		$ 0.48
Federal Statutory Tax Rate, Pre TCJ Act		35.00%
Federal Statutory Tax Rate, Post TCJ Act	21.00%		21.00%
Provisional net tax expense related to the TCJ Act			$ 854	$ 0
Transition tax		$ 2,500	2,500
Additional Transition Tax	$ 76		$ 854
Additional Transition Tax, Net of tax, Per share amount	$ 0.05		$ 0.60

Weighted Average Black Scholes Fair Value Assumptions (Detail)	8 Months Ended
	Sep. 08, 2018	Sep. 09, 2017
Black Scholes valuation assumptions [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.60%	2.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	12.00%	11.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	2.70%	2.70%

Share-Based Compensation - Additional Information (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

8 Months Ended

Sep. 08, 2018

Sep. 09, 2017

Sep. 08, 2018

Sep. 09, 2017

Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost

$ 57

$ 63

$ 203

$ 206

Compensation cost for share-based liabilities

Recognized stock-based compensation expense

208

219

Share based liability awards granted, target

Share-based Compensation [Member]

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

Restructuring, Settlement and Impairment Provisions

$ (1)

$ 1

$ 3

Employee Stock Option [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

^[1]

1.4

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Price

$ 108.75

$ 110.04

Restricted Stock Units (RSUs) [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, Grants in Period

^[1]

2.6

2.8

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Weighted Average Grant Price

$ 108.70

$ 109.84

[1]	In millions. All grant activity is disclosed at target.

Pension and Retiree Medical Benefits Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		8 Months Ended
	Sep. 08, 2018	Sep. 09, 2017	Sep. 08, 2018	Sep. 09, 2017
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	$ 99	$ 93	$ 298	$ 278
Defined Benefit Plan, Interest Cost	111	108	333	324
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(218)	(196)	(653)	(588)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	1		2	1
Defined Benefit Plan, Amortization of Gain (Loss)	41	29	124	85
Defined Benefit Plan Period Gross	34	34	104	100
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	7	0	7	0
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits		2	3	4
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	41	36	114	104
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	23	21	63	58
Defined Benefit Plan, Interest Cost	23	21	63	57
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(50)	(42)	(134)	(112)
Defined Benefit Plan, Amortization of Gain (Loss)	12	12	31	33
Defined Benefit Plan Period Gross	8	12	23	36
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	2	2	2	2
Defined Benefit Plan, Cost of Providing Special and Contractual Termination Benefits	0	0	1
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	10	14	26	38
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	7	6	22	19
Defined Benefit Plan, Interest Cost	8	8	24	25
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(4)	(5)	(13)	(15)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(5)	(5)	(14)	(17)
Defined Benefit Plan, Amortization of Gain (Loss)	(2)	(3)	(7)	(9)
Defined Benefit Plan Period Gross	4	1	12	3
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0	0	0	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 4	$ 1	$ 12	$ 3

Pension and Retiree Medical Benefits Narrative (Details) - USD ($) $ in Millions	3 Months Ended	8 Months Ended
	Sep. 08, 2018	Sep. 08, 2018	Sep. 09, 2017
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer, Discretionary		$ 1,400
Retiree Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer, Discretionary	$ 37
International [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer, Discretionary		$ 17	$ 6

Debt Obligations and Commitments - Additional Information (Detail) - USD ($) $ in Millions	8 Months Ended
	Sep. 08, 2018	Jun. 05, 2017
Debt Instrument [Line Items]
Repayments of Debt	$ 2,500
Five-year Unsecured Revolving Credit Agreement (Five-Year Credit Agreement Member) [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	3,750	$ 3,750
Line of Credit Facility, Maximum Borrowing Capacity	4,500
364-Day Unsecured Revolving Credit Agreement (364-Day Credit Agreement Member) [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	3,750	$ 3,750
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,500

Financial Instruments - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

8 Months Ended

Jun. 17, 2017

Sep. 09, 2017

Sep. 08, 2018

Dec. 30, 2017

Derivative Instruments, Gain (Loss) [Line Items]

Gain (Loss) on Sale of Equity Investments

$ 95

Gain (Loss) on Sale of Equity Investments, after tax

$ 85

Gain (Loss) on Sale of Equity Investments, net of tax, per share amount

$ 0.06

Debt Instrument, Fair Value Disclosure

$ 35,000

Commodity contracts

Derivative Instruments, Gain (Loss) [Line Items]

Foreign Exchange Contract

^[1]

900

$ 900

Derivative Instruments, Gain (Loss) [Line Items]

Interest rate derivatives

^[1]

1,900

1,600

Derivative Instruments, Gain (Loss) [Line Items]

Interest rate derivatives

^[1]

$ 11,900

$ 14,200

Derivative Instruments, Gain (Loss) [Line Items]

Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate

36.00%

43.00%

Net Investment Hedging [Member]

Derivative Instruments, Gain (Loss) [Line Items]

^[1]

$ 1,400

$ 1,500

[1]	In billions.

Fair Values of Financial Assets and Liabilities (Detail) - USD ($)
$ in Millions

Sep. 08, 2018

Dec. 30, 2017

Total Financial Assets At Fair Value

^[1]

$ 8,572

$ 14,901

Total Financial Liabilities At Fair Value

^[1]

1,020

913

Derivative Asset, Fair Value, Gross Asset

^[1],[2]

136

Derivative Liability, Fair Value, Gross Liability

^[1],[2]

531

410

Short-term Investments

1,907

8,900

Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]

Cash Flow Hedge Derivative Instrument Assets at Fair Value

^[1]

Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]

Cash Flow Hedge Derivative Instrument Liabilities at Fair Value

^[1]

253

246

Derivatives Not Designated As Hedging Instruments Assets [Member]

Derivatives not designated as hedging instruments:

Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value

^[1]

Derivatives Not Designated As Hedging Instruments Liabilities [Member]

Derivatives not designated as hedging instruments:

Other Derivatives Not Designated as Hedging Instruments Liabilities at Fair Value

^[1]

Cash Equivalents [Member]

Short-term Investments [Member]

6,500

5,800

Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Fair Value Hedging Instruments Assets [Member]

1,700

8,700

Interest Rate Fair Value Hedge Asset at Fair Value

^[1],[3]

Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Fair Value Hedging Instruments Liabilities [Member]

Interest Rate Fair Value Hedge Liability at Fair Value

^[1],[3]

224

130

Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]

Price Risk Cash Flow Hedge Asset, at Fair Value

^[1],[4]

Interest Rate Cash Flow Hedge Asset at Fair Value

^[1],[5]

Foreign Currency Cash Flow Hedge Asset at Fair Value

^[1],[5]

Fair Value, Inputs, Level 2 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]

Price Risk Cash Flow Hedge Liability, at Fair Value

^[1],[4]

Interest Rate Cash Flow Hedge Liability at Fair Value

^[1],[5]

242

213

Foreign Currency Cash Flow Hedge Liability at Fair Value

^[1],[5]

Fair Value, Inputs, Level 2 [Member] | Derivatives Not Designated As Hedging Instruments Assets [Member]

Price Risk Derivative Instruments Not Designated as Hedging Instruments Asset, at Fair Value

^[1],[4]

Derivatives not designated as hedging instruments:

Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value

^[1],[5]

Fair Value, Inputs, Level 2 [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member]

Price Risk Derivative Instruments Not Designated as Hedging Instruments Liability, at Fair Value

^[1],[4]

Derivatives not designated as hedging instruments:

Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value

^[1],[5]

Fair Value, Inputs, Level 2 [Member] | Liability [Member]

Deferred Compensation Liability, Current and Noncurrent

^[1],[6]

489

503

Prepaid Forward Asset Fair Value

^[1],[7]

Fair Value, Inputs, Level 2 [Member] | Assets [Member]

Deferred Compensation Liability, Current and Noncurrent

^[1],[6]

Prepaid Forward Asset Fair Value

^[1],[7]

Fair Value, Inputs, Level 1 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Assets [Member]

Price Risk Cash Flow Hedge Asset, at Fair Value

^[1],[8]

Fair Value, Inputs, Level 1 [Member] | Derivatives Designated As Cash Flow Hedging Instruments Liabilities [Member]

Price Risk Cash Flow Hedge Liability, at Fair Value

^[1],[8]

Fair Value, Inputs, Level 1 [Member] | Derivatives Not Designated As Hedging Instruments Assets [Member]

Price Risk Derivative Instruments Not Designated as Hedging Instruments Asset, at Fair Value

^[1],[8]

Fair Value, Inputs, Level 1 [Member] | Derivatives Not Designated As Hedging Instruments Liabilities [Member]

Price Risk Derivative Instruments Not Designated as Hedging Instruments Liability, at Fair Value

^[1],[8]

Assets [Member] | Fair Value, Inputs, Level 2 [Member]

Liability [Member] | Fair Value, Inputs, Level 2 [Member]

^[1],[9]

8,218

14,510

Assets [Member] | Fair Value, Inputs, Level 1 [Member]

^[1],[9]

Liability [Member] | Fair Value, Inputs, Level 1 [Member]

Short-term Investments

^[1],[10]

234

228

Short-term Investments

^[1],[10]

$ 0

[1]	Unless otherwise noted, financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets. Financial liabilities are classified on our balance sheet within accounts payable and other current liabilities and other liabilities.
[2]	Derivative assets and liabilities are presented on a gross basis on our balance sheet. Amounts subject to enforceable master netting arrangements or similar agreements which are not offset on the balance sheet as of September 8, 2018 and December 30, 2017 were not material. Collateral received or posted against our asset or liability positions was not material. Collateral posted is classified as restricted cash. See Note 13 for further information.
[3]	Based on LIBOR forward rates.
[4]	Based on recently reported market transactions of swap arrangements.
[5]	Based on recently reported market transactions of spot and forward rates.
[6]	Based on the fair value of investments corresponding to employees’ investment elections.
[7]	Based primarily on the price of our common stock.
[8]	Based on quoted contract prices on futures exchange markets.
[9]	Based on quoted broker prices or other significant inputs derived from or corroborated by observable market data. As of September 8, 2018, $6.5 billion and $1.7 billion of debt securities were classified as cash equivalents and short-term investments, respectively. As of December 30, 2017, $5.8 billion and $8.7 billion of debt securities were classified as cash equivalents and short-term investments, respectively. Unrealized gains and losses on our investments in debt securities as of September 8, 2018 and December 30, 2017 were not material. All of our available-for-sale debt securities have maturities of one year or less.
[10]	Based on the price of index funds. These investments are classified as short-term investments and are used to manage a portion of market risk arising from our deferred compensation liability.

Effective Portion of Pre Tax Gains and Losses on Derivative Instruments (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

8 Months Ended

Sep. 08, 2018

Jun. 16, 2018

^[1]

Mar. 24, 2018

^[2]

Sep. 09, 2017

Mar. 25, 2017

^[4]

Jun. 17, 2017

^[3]

Sep. 08, 2018

Sep. 09, 2017

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

$ 11

^[1]

$ 70

$ (93)

$ (53)

^[3]

$ 3

$ (20)

Cash Flow Hedge Gain/(Loss) to be Reclassified within Twelve Months

$ 13

Fair Value/Non-designated Hedges

^[5]

(34)

143

$ (45)

Cash Flow Hedges

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

(64)

114

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

^[6]

(97)

(183)

Foreign Exchange Forward [Member] | Fair Value/Non-designated Hedges

Foreign Exchange Forward [Member] | Cash Flow Hedges

^[5]

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

(10)

(40)

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

^[6]

(10)

(6)

Interest Rate Contract [Member] | Fair Value/Non-designated Hedges

Interest Rate Contract [Member] | Cash Flow Hedges

^[5]

(20)

(18)

118

(37)

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

(102)

(156)

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

^[6]

(102)

(180)

Commodity Contract [Member] | Fair Value/Non-designated Hedges

Commodity Contract [Member] | Cash Flow Hedges

^[5]

(32)

(12)

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

(1)

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

^[6]

Net Investment Hedging [Member] | Fair Value/Non-designated Hedges

Net Investment Hedging [Member] | Cash Flow Hedges

^[5]

Losses/(Gains) Recognized in Accumulated Other Comprehensive Loss

118

(52)

184

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

^[6]

$ 0

[1]	Currency translation adjustment primarily reflects the depreciation in the Russian ruble, Brazilian real and Mexican peso.
[2]	Currency translation adjustment primarily reflects the appreciation in the Russian ruble and Mexican peso.
[3]	Currency translation adjustment primarily reflects the appreciation in the euro and Russian ruble.
[4]	Currency translation adjustment primarily reflects the appreciation in the Russian ruble, Egyptian pound and Australian dollar.
[5]	Foreign exchange derivative losses/gains are primarily included in selling, general and administrative expenses. Interest rate derivative losses/gains are primarily from fair value hedges and are included in interest expense. These losses/gains are substantially offset by decreases/increases in the value of the underlying debt, which are also included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.
[6]	Foreign exchange derivative losses/gains are primarily included in cost of sales. Interest rate derivative losses/gains are included in interest expense. Commodity derivative losses/gains are included in either cost of sales or selling, general and administrative expenses, depending on the underlying commodity.

Basic and Diluted Net Income Attributable to PepsiCo (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

8 Months Ended

Sep. 08, 2018

Sep. 09, 2017

Sep. 08, 2018

Sep. 09, 2017

Net income attributable to PepsiCo

$ 2,498

$ 2,144

$ 5,661

$ 5,567

Preferred Stock [Abstract]

Redemption premium

(1)

(2)

(3)

Net income available for PepsiCo common shareholders - Value

$ 2,498

$ 2,143

$ 5,659

$ 5,564

Net income available for PepsiCo common shareholders - Shares

^[1]

1,414

1,425

1,417

1,427

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

$ 1.77

$ 1.50

$ 3.99

$ 3.90

Dilutive Securities [Abstract]

Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities

$ 0

Stock options and RSUs - Shares

^[1]

ESOP convertible preferred stock - Value

$ 0

$ 1

$ 2

$ 3

ESOP convertible preferred stock - Shares

^[1]

Diluted shares - Shares

^[1]

1,424

1,438

1,427

1,440

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

$ 1.75

$ 1.49

$ 3.97

$ 3.87

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

Net Income Attributable to PepsiCo per Common Share Out-of-the-money options excluded from the calculation of diluted earnings per common share (Details) - $ / shares

3 Months Ended

8 Months Ended

Sep. 08, 2018

Sep. 09, 2017

Sep. 08, 2018

Sep. 09, 2017

Out-of-the-money options [Abstract]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

^[1]

0.1

0.0

1.0

0.5

Antidilutive Securities Excluded From Computation Of Earnings Per Share, Average Exercise per Share Amount

$ 115.75

$ 0

$ 109.63

$ 109.69

[1]	In millions.

Preferred Stock (Details)	Sep. 08, 2018 shares
Preferred Stock [Abstract]
Common Stock, Shares, Issued	550,102

Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

8 Months Ended

Sep. 08, 2018

Jun. 16, 2018

Mar. 24, 2018

Sep. 09, 2017

Mar. 25, 2017

Jun. 17, 2017

Sep. 08, 2018

Sep. 09, 2017

Dec. 30, 2017

Dec. 31, 2016

Reclassification Adjustments out of Accumulated Other Comprehensive Income [Line Items]

Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Post retirement Plans Taxes

$ 1,296

$ 1,314

$ 1,332

$ 1,266

$ 1,275

$ 1,272

$ 1,296

$ 1,266

$ 1,338

$ 1,280

Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax

(11,686)

^[1]

(10,958)

^[1]

(9,987)

^[1]

(10,231)

^[2]

(10,869)

^[2]

(10,551)

^[2]

(11,686)

^[1]

(10,231)

^[2]

(10,277)

^[1]

(11,386)

^[2]

Net losses/(gains) after tax

Total before tax

128

(55)

(97)

(33)

(183)

Tax amounts

(3)

(20)

(60)

(116)

Amortization of pension and retiree medical items:

Amortization of prior service credits

(4)

(5)

(12)

(16)

Net actuarial losses

148

109

Total before tax

145

Tax amounts

(12)

(10)

(32)

(28)

Net losses after tax

113

Total net losses/(gains) reclassified, net of tax

(35)

173

(138)

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax

^[3]

(99)

^[3]

(99)

Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax

122

^[1]

123

^[1]

^[2]

122

^[1]

^[2]

^[1]

^[2]

Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax

2,670

^[1]

2,724

^[1]

2,780

^[1]

2,625

^[2]

2,636

^[2]

2,634

^[2]

2,670

^[1]

2,625

^[2]

2,804

^[1]

2,645

^[2]

Accumulated Other Comprehensive Income (Loss), Debt Securities, Available-for-sale, Adjustment, after Tax

^[1]

(2)

^[1]

(6)

^[1]

^[2]

(2)

^[2]

^[1]

^[2]

(4)

^[1]

^[2]

Accumulated Other Comprehensive Income Loss Other

(19)

^[1]

(19)

^[1]

(19)

^[1]

(19)

^[2]

(35)

^[2]

(19)

^[2]

(19)

^[1]

(19)

^[2]

(19)

^[1]

(35)

^[2]

Accumulated Other Comprehensive Income (Loss), Net of Tax

(14,253)

^[1]

(13,580)

^[1]

(12,717)

^[1]

(12,875)

^[2]

(13,416)

^[2]

(13,174)

^[2]

(14,253)

^[1]

(12,875)

^[2]

$ (13,057)

^[1]

$ (13,919)

^[2]

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax

(730)

^[4]

(953)

^[4]

288

^[5]

277

^[6]

513

^[7]

297

^[6]

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

(11)

^[4]

(70)

^[4]

^[5]

^[6]

(3)

^[7]

^[6]

Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax

(16)

^[4]

(28)

^[4]

^[5]

^[6]

^[7]

^[6]

Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, before Tax

^[4]

(2)

^[5]

^[6]

^[7]

^[6]

Other Comprehensive Income (Loss), before Reclassifications, before Tax

^[4]

^[5]

^[6]

^[7]

^[6]

OCI, before Reclassifications, before Tax, Attributable to Parent

(723)

^[4]

(991)

^[4]

366

^[5]

312

^[6]

505

^[7]

308

^[6]

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax

^[3]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[3]

Reclassification from AOCI, Current Period, before Tax, Attributable to Parent

174

(12)

(62)

^[3]

(5)

(120)

^[3]

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax

(730)

(953)

288

277

513

297

Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax

(4)

(44)

(36)

(33)

Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax

Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax

(2)

(81)

Other Comprehensive Income, Other, Before Tax

Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent

(660)

(817)

354

250

500

188

Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax

(18)

Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax

(10)

Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax

(18)

(6)

(5)

(3)

Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax

(5)

Other Comprehensive Income, Other, Taxes

Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent

(13)

$ (46)

$ (14)

$ 3

$ 54

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax

(89)

Cash Flow Hedges

Amortization of pension and retiree medical items:

^[8]

(97)

(183)

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

(14)

(65)

(114)

Cash Flow Hedges | Foreign exchange contracts

Amortization of pension and retiree medical items:

^[8]

(10)

(6)

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

(47)

(83)

Cash Flow Hedges | Foreign exchange contracts | Revenue Axis [Domain]

Cash Flow Hedges | Foreign exchange contracts | Cost of Sales

(1)

Cash Flow Hedges | Interest rate derivatives

(9)

(6)

Amortization of pension and retiree medical items:

^[8]

(102)

(180)

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

(20)

102

(29)

156

Cash Flow Hedges | Interest rate derivatives | Interest Expense

Cash Flow Hedges | Commodity contracts

(102)

(180)

Amortization of pension and retiree medical items:

^[8]

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax

(1)

$ (2)

(3)

Cash Flow Hedges | Commodity contracts | Cost of Sales

Cash Flow Hedges | Commodity contracts | Selling, General and Administrative Expenses