v3.26.1
Basis of Presentation and Our Divisions (Tables)
 3 Months Ended
Mar. 21, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Segment Reporting Information, by Segment
Net Revenue, Significant Expenses and Operating Profit by Segment
 12 Weeks Ended 3/21/2026
 PFNAPBNAIB FranchiseEMEALatAm FoodsAsia Pacific FoodsTotal
Net revenue$6,332 $6,391 $824 $2,823 $1,934 $1,139 $19,443 
Segment cost of sales (a)
2,392 2,992 234 1,673 780 657 
Segment selling, general and administrative expenses (a)
2,435 2,760 262 849 723 264 
Restructuring and impairment charges (b)
75 17 7 23 3 1 
Acquisition and divestiture-related charges/credits (c)
1 (114)— — — — 
Segment operating profit$1,429 $736 $321 $278 $428 $217 $3,409 
Corporate unallocated expenses(196)
Operating profit3,213 
Other pension and retiree medical benefits income58 
Net interest expense and other(301)
Income before income taxes$2,970 
 12 Weeks Ended 3/22/2025
 PFNAPBNAIB FranchiseEMEALatAm FoodsAsia Pacific FoodsTotal
Net revenue$6,213 $5,876 $759 $2,388 $1,661 $1,022 $17,919 
Segment cost of sales (a)
2,348 2,659 212 1,407 698 612 
Segment selling, general and administrative expenses (a)
2,290 2,622 268 748 612 249 
Restructuring and impairment charges (b)
24 125 2 13 7 1 
Acquisition and divestiture-related charges/credits (c)
15 10 — — — — 
Segment operating profit$1,536 $460 $277 $220 $344 $160 $2,997 
Corporate unallocated expenses(414)
Operating profit2,583 
Other pension and retiree medical benefits income23 
Net interest expense and other(264)
Income before income taxes$2,342 
(a)Does not include items recorded in the cost of sales or selling, general and administrative expenses lines on our income statement that are presented in the restructuring and impairment charges and acquisition and divestiture-related charges/credits lines of these tables.
(b)See Note 3 for further information related to restructuring and impairment charges.
(c)See Note 11 for further information related to acquisition and divestiture-related charges/credits.
Summary of Segment Reporting Information by Percentage of Disaggregated Net Revenue
Disaggregation of Net Revenue
Our primary performance obligation is the distribution and sales of beverage and convenient food products to our customers. The following table reflects the percentage of net revenue generated between our beverage business and our convenient food business:
12 Weeks Ended
3/21/20263/22/2025
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
North America50 %50 %49 %51 %
International (b)
27 %73 %27 %73 %
PepsiCo42 %58 %42 %58 %
(a)Beverage revenue from company-owned bottlers, which includes our consolidated bottling operations in our PBNA and EMEA segments, was 36% of our consolidated net revenue in each of the 12 weeks ended March 21, 2026 and March 22, 2025. Generally, our finished goods beverage operations produce higher net revenue but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.
(b)Beverage and convenient foods revenue generated from our EMEA segment was 34% and 66% of EMEA net revenue, respectively, in each of the 12 weeks ended March 21, 2026 and March 22, 2025.
Schedule Of Segment Reporting Information By Capital Spending, Amortization Of Intangible Assets And Depreciation And Other Amortization
Other Segment Information
Capital spending and depreciation and amortization of each segment are as follows:
12 Weeks Ended
 
Capital Spending(a)
Depreciation and Amortization
 3/21/20263/22/20253/21/20263/22/2025
PFNA$110 $195 $227 $210 
PBNA183 248 252 253 
IB Franchise9 16 18 19 
EMEA66 50 101 81 
LatAm Foods41 46 80 62 
Asia Pacific Foods16 24 28 23 
Total segment425 579 706 648 
Corporate22 24 36 36 
Total$447 $603 $742 $684 
(a) Asset and other balance sheet information for segments is not provided to our chief operating decision maker.