Accumulated Other Comprehensive Loss Attributable to PepsiCo (Tables)

6 Months Ended

Jun. 13, 2026

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

Schedule of Accumulated Other Comprehensive Income (Loss)

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 Debt Securities and Other(a)		Accumulated Other Comprehensive Loss Attributable to PepsiCo
Balance as of December 27, 2025 (b)	$	(13,494)	$	126	$	(2,262)	$	606	$	(15,024)
Other comprehensive income/(loss) before reclassifications (c)	757		108		(10)		(129)		726
Amounts reclassified from accumulated other comprehensive loss	—		(37)		19		—		(18)
Net other comprehensive income/(loss)	757		71		9		(129)		708
Tax amounts	(38)		(16)		(3)		31		(26)
Balance as of March 21, 2026 (b)	(12,775)		181		(2,256)		508		(14,342)
Other comprehensive income/(loss) before reclassifications (d)	145		93		4		(285)		(43)
Amounts reclassified from accumulated other comprehensive loss	—		(52)		22		—		(30)
Net other comprehensive income/(loss)	145		41		26		(285)		(73)
Tax amounts	10		(1)		(5)		68		72
Balance as of June 13, 2026 (b)	$	(12,620)	$	221	$	(2,235)	$	291	$	(14,343)

(a)The movements primarily represent fair value changes in available-for-sale debt securities, including our investment in Celsius convertible preferred stock. See Note 8 for further information.

(b)Pension and retiree medical amounts are net of taxes of $1,138 million as of December 27, 2025, $1,135 million as of March 21, 2026 and $1,130 million as of June 13, 2026.

(c)Currency translation adjustment primarily reflects appreciation of the euro, Mexican peso and Russian ruble.

(d)Currency translation adjustment primarily reflects appreciation of the Russian ruble.


	Currency Translation Adjustment		Cash Flow Hedges		Pension 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 income	410		27		13		87		537
Tax amounts	26		(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 amounts	46		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 8 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 depreciation of the euro.

(d)Currency translation adjustment primarily reflects appreciation of the Russian ruble, Mexican peso and Canadian dollar.

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				24 Weeks Ended
	6/13/2026		6/14/2025		6/13/2026		6/14/2025		Affected Line Item in the Income Statement






Cash flow hedges:
Foreign exchange contracts	$	—	$	(2)	$	—	$	(2)	Net revenue
Foreign exchange contracts	16		(6)		30		(22)		Cost of sales
Cross-currency contracts	(5)		(34)		5		(55)		Selling, general and administrative expenses

Commodity contracts	(63)		(11)		(122)		(6)		Cost of sales
Commodity contracts	—		—		(2)		1		Selling, general and administrative expenses
Net gains before tax	(52)		(53)		(89)		(84)
Tax amounts	21		13		29		22
Net gains after tax	(31)		(40)		(60)		(62)

Pension and retiree medical items:
Amortization of net prior service cost/(credits)	1		(1)		2		(1)		Other pension and retiree medical benefits income
Amortization of net losses	21		20		39		37		Other pension and retiree medical benefits income
Settlement/curtailment gains	—		(1)		—		(1)		Other pension and retiree medical benefits income
Net losses before tax	22		18		41		35
Tax amounts	(5)		(4)		(9)		(8)
Net losses after tax	17		14		32		27






Total net gains reclassified, net of tax	$	(14)	$	(26)	$	(28)	$	(35)