v3.25.2
Accumulated Other Comprehensive Loss Attributable to PepsiCo
 6 Months Ended
Jun. 14, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss Attributable to PepsiCo 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 AdjustmentCash Flow HedgesPension and Retiree Medical
Available-for-Sale Debt Securities and Other(a)
Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 28, 2024 (b)
$(15,217)$82 $(2,714)$237 $(17,612)
Other comprehensive income/(loss) before reclassifications (c)
410 58 (4)87 551 
Amounts reclassified from accumulated other comprehensive loss— (31)17 — (14)
Net other comprehensive income410 27 13 87 537 
Tax amounts26 (5)(3)(21)(3)
Balance as of March 22, 2025 (b)
(14,781)104 (2,704)303 (17,078)
Other comprehensive income/(loss) before reclassifications (d)
915 27 (42)84 984 
Amounts reclassified from accumulated other comprehensive loss
— (53)18 — (35)
Net other comprehensive income/(loss)915 (26)(24)84 949 
Tax amounts46 8 5 (20)39 
Balance as of June 14, 2025 (b)
$(13,820)$86 $(2,723)$367 $(16,090)
(a)The movements primarily represent fair value changes in available-for-sale debt securities, including our investment in Celsius convertible preferred stock. See Note 9 for further information.
(b)Pension and retiree medical amounts are net of taxes of $1,282 million as of December 28, 2024, $1,279 million as of March 22, 2025 and $1,284 million as of June 14, 2025.
(c)Currency translation adjustment primarily reflects appreciation of the Russian ruble and deprecation of the euro.
(d)Currency translation adjustment primarily reflects appreciation of the Russian ruble, Mexican peso and Canadian dollar.
Currency Translation AdjustmentCash Flow HedgesPension and Retiree Medical
Available-for-Sale Debt Securities and Other (a)
Accumulated Other Comprehensive Loss Attributable
to PepsiCo
Balance as of December 30, 2023 (b)
$(13,255)$(31)$(2,719)$471 $(15,534)
Other comprehensive (loss)/income before reclassifications (c)
(168)(47)4 685 474 
Amounts reclassified from accumulated other comprehensive loss— 51 9 — 60 
Net other comprehensive (loss)/income(168)4 13 685 534 
Tax amounts(14)(1)(2)(162)(179)
Balance as of March 23, 2024 (b)
(13,437)(28)(2,708)994 (15,179)
Other comprehensive (loss)/income before reclassifications (d)
(295)3 (1)(511)(804)
Amounts reclassified from accumulated other comprehensive loss
— 53 12 — 65 
Net other comprehensive (loss)/income(295)56 11 (511)(739)
Tax amounts28 (14)(2)120 132 
Balance as of June 15, 2024 (b)
$(13,704)$14 $(2,699)$603 $(15,786)
(a)The movements primarily represent fair value changes in available-for-sale debt securities, including our investment in Celsius convertible preferred stock. See Note 9 for further information.
(b)Pension and retiree medical amounts are net of taxes of $1,282 million as of December 30, 2023 and $1,280 million as of March 23, 2024 and $1,278 million as of June 15, 2024.
(c)Currency translation adjustment primarily reflects depreciation of the South African rand, Canadian dollar and Russian ruble.
(d)Currency translation adjustment primarily reflects depreciation of the Egyptian pound.
The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:
12 Weeks Ended24 Weeks Ended
6/14/20256/15/20246/14/20256/15/2024Affected Line Item in the Income Statement
Cash flow hedges:
Foreign exchange contracts$(2)$— $(2)$— Net revenue
Foreign exchange contracts
(6)9 (22)18 Cost of sales
Cross-currency contracts(34)11 (55)35 
Selling, general and administrative expenses
Interest rate swap contracts— 3 — — 
Selling, general and administrative expenses
Commodity contracts(11)30 (6)51 Cost of sales
Commodity contracts— — 1 — 
Selling, general and administrative expenses
Net (gains)/losses before tax(53)53 (84)104 
Tax amounts
13 (14)22 (27)
Net (gains)/losses after tax$(40)$39 $(62)$77 
Pension and retiree medical items:
Amortization of net prior service credits$(1)$(7)$(1)$(14)Other pension and retiree medical benefits income
Amortization of net losses20 17 37 33 Other pension and retiree medical benefits income
Settlement/curtailment (gains)/losses(1)2 (1)2 Other pension and retiree medical benefits income
Net losses before tax18 12 35 21 
Tax amounts
(4)(2)(8)(4)
Net losses after tax$14 $10 $27 $17 
Total net (gains)/losses reclassified, net of tax$(26)$49 $(35)$94