Acquisitions & Divestitures (Tables)

6 Months Ended

Jun. 13, 2020

Acquisitions & Divestitures [Abstract]

Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]

A summary of our inventory fair value adjustments and merger and integration charges is as follows:

	12 Weeks Ended				24 Weeks Ended
	6/13/2020		6/15/2019		6/13/2020		6/15/2019
Cost of sales	19		20		19		34
Selling, general and administrative expenses	199		4		224		5
Total	$	218	$	24	$	243	$	39
After-tax amount	$	205	$	19	$	227	$	32
Net income attributable to PepsiCo per common share	$	0.15	$	0.01	$	0.16	$	0.02

Inventory fair value adjustments and merger and integration charges include fair value adjustments to the acquired inventory included in the acquisition-date balance sheets (recorded in cost of sales) and liabilities to support socioeconomic programs in South Africa, as well as closing costs, employee-related costs, changes in the fair value of contingent consideration and contract termination costs (recorded in selling, general and administrative expenses). Inventory fair value adjustments and merger and integration charges by division are as follows:

	12 Weeks Ended				24 Weeks Ended
	6/13/2020		6/15/2019		6/13/2020		6/15/2019		Acquisition
FLNA	$	2	$	—	$	25	$	—	BFY Brands
PBNA	43		—		43		—		Rockstar
Europe	—		23		—		38		SodaStream
AMESA	157		—		159		—		Pioneer Foods
Corporate	16		1		16		1		Rockstar, SodaStream
Total	$	218	$	24	$	243	$	39