v3.25.2
Accumulated Other Comprehensive Loss Attributable to Pepsico
 12 Months Ended
Dec. 28, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income (Loss) Note [Text Block] Accumulated Other Comprehensive Loss Attributable to PepsiCo
The changes in the balances of each component of accumulated other comprehensive loss attributable to PepsiCo are as follows:
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 25, 2021 (b)
$(12,309)$159 $(2,750)$2 $(14,898)
Other comprehensive (loss)/income before reclassifications (c)
(603)(78)48 8 (625)
Amounts reclassified from accumulated other comprehensive loss— (129)440 — 311 
Net other comprehensive (loss)/income(603)(207)488 8 (314)
Tax amounts(36)49 (99)(4)(90)
Balance as of December 31, 2022 (b)
(12,948)1 (2,361)6 (15,302)
Other comprehensive (loss)/income before reclassifications (d)
(442)(188)(493)608 (515)
Amounts reclassified from accumulated other comprehensive loss108 146 37 — 291 
Net other comprehensive (loss)/income(334)(42)(456)608 (224)
Tax amounts27 10 98 (143)(8)
Balance as of December 30, 2023 (b)
(13,255)(31)(2,719)471 (15,534)
Other comprehensive loss before reclassifications (e)
(1,965)(6)(280)(306)(2,557)
Amounts reclassified from accumulated other comprehensive loss— 158 285 — 443 
Net other comprehensive (loss)/income(1,965)152 5 (306)(2,114)
Tax amounts3 (39)— 72 36 
Balance as of December 28, 2024 (b)
$(15,217)$82 $(2,714)$237 $(17,612)
(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 $1,283 million as of December 25, 2021, $1,184 million as of December 31, 2022 and $1,282 million as of both December 30, 2023 and December 28, 2024.
(c)Currency translation adjustment primarily reflects depreciation of the Egyptian pound and British pound sterling.
(d)Currency translation adjustment primarily reflects depreciation of the Russian ruble and South African rand, partially offset by appreciation of the Mexican peso.
(e)Currency translation adjustment primarily reflects depreciation of the Mexican peso and Russian ruble.
The following table summarizes the reclassifications from accumulated other comprehensive loss to the income statement:
Amount Reclassified from Accumulated Other Comprehensive LossAffected Line Item in the Income Statement
202420232022
Currency translation:
Divestitures$— $108 $— Selling, general and administrative expenses
Cash flow hedges:
Foreign exchange contracts$(1)$(3)$(11)Net revenue
Foreign exchange contracts(5)64 (10)Cost of sales
Cross-currency contracts48 (31)159 Selling, general and administrative expenses
Interest rate swap contracts(7)(9)— Selling, general and administrative expenses
Commodity contracts122 126 (252)Cost of sales
Commodity contracts1 (1)(15)Selling, general and administrative expenses
Net losses/(gains) before tax158 146 (129)
Tax amounts(37)(39)23 
Net losses/(gains) after tax$121 $107 $(106)
Pension and retiree medical items:
Amortization of net prior service credit$(31)$(33)$(37)Other pension and retiree medical benefits (expense)/income
Amortization of net losses73 56 164 Other pension and retiree medical benefits (expense)/income
Settlement/curtailment losses243 14 313 Other pension and retiree medical benefits (expense)/income
Net losses before tax285 37 440 
Tax amounts(62)(7)(80)
Net losses after tax$223 $30 $360 
Total net losses reclassified for the year, net of tax$344 $245 $254