CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 21, 2026	Mar. 22, 2025
Net Revenue	$ 19,443	$ 17,919
Cost of sales	8,712	7,926
Gross profit	10,731	9,993
Selling, general and administrative expenses	7,518	7,410
Operating Profit	3,213	2,583
Other pension and retiree medical benefits income	58	23
Net interest expense and other	(301)	(264)
Income before income taxes	2,970	2,342
Provision for income taxes	632	499
Net income	2,338	1,843
Less: Net income attributable to noncontrolling interests	11	9
Net Income Attributable to PepsiCo	$ 2,327	$ 1,834
Net Income Attributable to PepsiCo per Common Share
Basic	$ 1.70	$ 1.34
Diluted	$ 1.70	$ 1.33
Weighted-average common shares outstanding
Basic	1,367	1,372
Diluted	1,371	1,376

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 21, 2026	Mar. 22, 2025
Operating Activities
Net income	$ 2,338	$ 1,843
Depreciation and amortization	742	684
Operating lease right-of-use asset amortization	162	145
Share-based compensation expense	93	77
Restructuring and impairment charges	133	213
Cash payments for restructuring charges	(145)	(232)
Acquisition and divestiture-related charges/credits	(113)	25
Payments for Merger Related Costs	(14)	(13)
Pension and retiree medical plan expenses	13	48
Pension and retiree medical plan contributions	(270)	(317)
Deferred income taxes and other tax charges and credits	226	111
Change in assets and liabilities:
Accounts and notes receivable	(530)	(318)
Inventories	(315)	(238)
Prepaid expenses and other current assets	(406)	(307)
Accounts payable and other current liabilities	(1,847)	(2,671)
Income taxes payable	131	223
Other, net	(157)	(246)
Net Cash Provided by/(Used for) Operating Activities	41	(973)
Investing Activities
Capital spending	(447)	(603)
Sales of property, plant and equipment	13	132
Acquisitions, net of cash acquired, investments in noncontrolled affiliates and purchases of intangible and other assets	(67)	(1,200)
Short-term investments, by original maturity:
More than three months - maturities	0	425
Proceeds from Sale of Debt Securities, Available-for-Sale	14	0
Payments for (Proceeds from) Short-term investments, three months or less, net	(9)	16
Other investing, net	19	(2)
Net Cash Used for Investing Activities	(477)	(1,232)
Financing Activities
Proceeds from issuances of long-term debt	2,964	3,505
Payments of long-term debt	(1,629)	(1,541)
Short-term borrowings, by original maturity:
More than three months - proceeds	1,937	3,656
More than three months - payments	(676)	(2,119)
Three months or less, net	1,198	373
Cash dividends paid	(1,966)	(1,882)
Share repurchases	(182)	(183)
Proceeds from exercises of stock options	93	50
Withholding tax payments on restricted stock units (RSUs) and performance stock units (PSUs) converted	(76)	(89)
Other financing	(1)	(2)
Net Cash Provided by Financing Activities	1,662	1,768
Effect of exchange rate changes on cash and cash equivalents and restricted cash	121	203
Net Increase/(Decrease) in Cash and Cash Equivalents and Restricted Cash	1,347	(234)
Cash and Cash Equivalents and Restricted Cash, Beginning of Year	9,204	8,553
Cash and Cash Equivalents and Restricted Cash, End of Period	10,551	8,319
Supplemental Non-Cash Activity
Right-of-use assets obtained in exchange for lease obligations	$ 114	$ 166

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) shares in Thousands, $ in Millions	Mar. 21, 2026	Dec. 27, 2025
Current Assets
Cash and cash equivalents	$ 10,475	$ 9,159
Short-term investments	353	371
Accounts and Financing Receivable, after Allowance for Credit Loss, Current	12,171	11,506
Inventories:
Raw materials and packaging	2,714	2,581
Work-in-process	133	143
Finished goods	3,364	3,121
Inventory, Net, Total	6,211	5,845
Prepaid expenses and other current assets	1,706	1,068
Total Current Assets	30,916	27,949
Property, plant and equipment	61,477	60,909
Accumulated depreciation	(31,670)	(31,004)
Property, Plant and Equipment, net	29,807	29,905
Amortizable Intangible Assets, net	1,209	1,219
Goodwill	19,021	18,916
Other Indefinite-Lived Intangible Assets	13,934	13,847
Investments in Noncontrolled Affiliates	2,135	2,038
Deferred Income Taxes	4,560	4,541
Other Assets	9,064	8,984
Total Assets	110,646	107,399
Current Liabilities
Short-term debt obligations	10,151	6,861
Accounts payable and other current liabilities	24,326	25,903
Total Current Liabilities	34,477	32,764
Long-Term Debt Obligations	42,577	42,321
Deferred Income Taxes	4,048	3,802
Other Liabilities	8,008	7,965
Total Liabilities	$ 89,110	$ 86,852
Common stock, issued (in shares)	1,368,000	1,367,000
PepsiCo Common Shareholders’ Equity
Common stock, par value 12/3¢ per share (authorized 3,600 shares; issued, net of repurchased common stock at par value: 1,368 and 1,367 shares, respectively)	$ 23	$ 23
Capital in excess of par value	4,401	4,451
Retained earnings	73,165	72,788
Accumulated other comprehensive loss	(14,342)	(15,024)
Repurchased common stock, in excess of par value (499 and 500 shares, respectively)	(41,864)	(41,832)
Total PepsiCo Common Shareholders’ Equity	21,383	20,406
Noncontrolling interests	153	141
Total Equity	21,536	20,547
Total Liabilities and Equity	$ 110,646	$ 107,399
Treasury Stock, Common, Shares	499,000	500,000
Common stock, authorized (in shares)	3,600,000	3,600,000