v2.4.0.6
CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $)
In Millions, unless otherwise specified
Total
Preferred Stock
Repurchased Preferred Stock
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Loss
Repurchased Common Stock
Noncontrolling Interests
Balance, beginning of year at Dec. 25, 2010     $ (150)   $ 4,527 $ 37,090 $ (3,630) $ (16,745) $ 312
Balance, beginning of year at Dec. 25, 2010     0.6         (284.0)  
Redemptions     (4)            
Stock-based compensation expense         146        
Stock option exercises/RSUs converted         (281) [1]     858  
Withholding tax on RSUs converted         (50)        
Other         16        
Net income attributable to PepsiCo 3,028         3,028      
Cash dividends declared - common           (1,580)      
Cash dividends declared - preferred           (1)      
Cash dividends declared - RSUs           (10)      
Currency translation adjustment             1,382   72
Cash flow hedges, net of tax:                  
Net derivative losses (17) [2]           (17)    
Reclassification of net losses to net income 7 [3]           7    
Pension and retiree medical, net of tax:                  
Reclassification of net losses to net income 23 [4]           23    
Unrealized gains/(losses) on securities, net of tax (2) [5]           (2)    
Other             (17) 101  
Share repurchases (in shares)               (12)  
Share repurchases               (811)  
Stock option exercises/RSUs converted (in shares)               14  
Other (in shares)               1  
Net income attributable to noncontrolling interests (21)               21
Distributions to noncontrolling interests                 (9)
Acquisitions and divestitures                 22
Total Common Shareholders' Equity at Jun. 11, 2011 24,065                
Balance, end of period at Jun. 11, 2011 24,370 41 (154) 31 4,358 38,527 (2,254) (16,597) 418
Balance, end of period at Jun. 11, 2011   0.8 0.6 1,865.0       (281.0)  
Balance, beginning of year at Dec. 31, 2011 20,899   (157)   4,461 40,316 (6,229) (17,875) 311
Balance, beginning of year at Dec. 31, 2011     0.6         (301.0)  
Redemptions     (3)            
Stock-based compensation expense         125        
Stock option exercises/RSUs converted         (275) [1]     676  
Withholding tax on RSUs converted         (60)        
Other         (28)        
Net income attributable to PepsiCo 2,615         2,615      
Cash dividends declared - common           (1,649)      
Cash dividends declared - preferred           (1)      
Cash dividends declared - RSUs           (7)      
Currency translation adjustment             (538)   (6)
Cash flow hedges, net of tax:                  
Net derivative losses (25) [2]           (25)    
Reclassification of net losses to net income 24 [3]           24    
Pension and retiree medical, net of tax:                  
Reclassification of net losses to net income 86 [4]           86    
Remeasurement of net liabilities (7) [6]           7    
Unrealized gains/(losses) on securities, net of tax 3 [5]           3    
Other             36 136  
Share repurchases (in shares)               (19)  
Share repurchases               (1,253)  
Stock option exercises/RSUs converted (in shares)               11  
Other (in shares)               2  
Net income attributable to noncontrolling interests (19)               19
Distributions to noncontrolling interests                 (15)
Acquisitions and divestitures                 (171)
Total Common Shareholders' Equity at Jun. 16, 2012 20,576                
Balance, end of period at Jun. 16, 2012 $ 20,595 $ 41 $ (160) $ 31 $ 4,223 $ 41,274 $ (6,636) $ (18,316) $ 138
Balance, end of period at Jun. 16, 2012   0.8 0.6 1,865.0       (307.0)  
[1] Includes total tax benefits of $27 million in 2012 and $33 million in 2011.
[2] Net of tax benefits of $11 million and $12 million for the 12 and 24 weeks in 2012, respectively. Net of tax benefits of $7 million and tax expense of $6 million for the 12 and 24 weeks in 2011, respectively.
[3] Net of tax benefits of $9 million and $14 million for the 12 and 24 weeks in 2012, respectively. Net of tax expense of $3 million and $5 million for the 12 and 24 weeks in 2011, respectively.
[4] Net of tax benefits of $29 million and $44 million for the 12 and 24 weeks in 2012, respectively. Net of tax benefits of $13 million and $14 million for the 12 and 24 weeks in 2011, respectively.
[5] Net of tax expense of $4 million and tax benefits of $1 million for the 12 and 24 weeks in 2011, respectively.
[6] Net of tax expense of $4 million for the 24 weeks in 2012.