v3.26.3
Accumulated Other Comprehensive Loss Attributable to PepsiCo (Tables)
 8 Months Ended
Sep. 05, 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 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 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 amounts10 (1)(5)68 72 
Balance as of June 13, 2026 (b)
(12,620)221 (2,235)291 (14,343)
Other comprehensive (loss)/ income before reclassifications (e)
(876)(17)87 69 (737)
Amounts reclassified from accumulated other comprehensive loss
— (37)175 — 138 
Net other comprehensive (loss)/income(876)(54)262 69 (599)
Tax amounts18 13 (59)(17)(45)
Balance as of September 5, 2026 (b)
$(13,478)$180 $(2,032)$343 $(14,987)
(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, $1,130 million as of June 13, 2026 and $1,071 million as of September 5, 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.
(e)Currency translation adjustment primarily reflects depreciation of the Russian ruble.
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)
Other comprehensive income/(loss) before reclassifications33 35 (6)536 598 
Amounts reclassified from accumulated other comprehensive loss
— (5)33 — 28 
Net other comprehensive income33 30 27 536 626 
Tax amounts6 (7)(6)(126)(133)
Balance as of September 6, 2025 (b)
$(13,781)$109 $(2,702)$777 $(15,597)
(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, $1,284 million as of June 14, 2025 and $1,278 million as of September 6, 2025.
(c)Currency translation adjustment primarily reflects appreciation of the Russian ruble and depreciation of the euro.
(d)Currency translation adjustment primarily reflects appreciation of the Russian ruble, Mexican peso and Canadian dollar.
Reclassifications out of Accumulated Other Comprehensive Loss
The reclassifications from accumulated other comprehensive loss to the income statement are summarized as follows:
12 Weeks Ended36 Weeks Ended
9/5/20269/6/20259/5/20269/6/2025Affected Line Item in the Income Statement
Cash flow hedges:
Foreign exchange contracts$(1)$— $(1)$(2)Net revenue
Foreign exchange contracts
8 13 38 (9)Cost of sales
Cross-currency contracts— (8)5 (63)Selling, general and administrative expenses
Commodity contracts(44)(11)(166)(17)Cost of sales
Commodity contracts— 1 (2)2 
Selling, general and administrative expenses
Net gains before tax(37)(5)(126)(89)
Tax amounts
8 — 37 22 
Net gains after tax(29)(5)(89)(67)
Pension and retiree medical items:
Amortization of net prior service cost/(credits)1 (1)3 (2)Other pension and retiree medical benefits (expense)/income
Amortization of net losses20 21 59 58 Other pension and retiree medical benefits (expense)/income
Net settlement/curtailment losses154 13 154 12 Other pension and retiree medical benefits (expense)/income
Net losses before tax175 33 216 68 
Tax amounts
(39)(7)(48)(15)
Net losses after tax136 26 168 53 
Total net losses/(gains) reclassified, net of tax$107 $21 $79 $(14)