Faster, stronger, better. Annual report 2019 creating more smiles with every sip

Note 11 — Preferred Stock
In connection with our merger with The Quaker Oats Company (Quaker) in 2001, shares of our convertible 
preferred stock were authorized and issued to an ESOP fund established by Quaker. Quaker made the final 
award to its ESOP in June 2001.
In 2018, all of the outstanding shares of our convertible preferred stock were converted into an aggregate of 
550,102 shares of our common stock. As a result, there are no shares of our convertible preferred stock 
outstanding as of December 29, 2018 and our convertible preferred stock is retired for accounting purposes. 
As of December 30, 2017, there were 3 million shares of convertible preferred stock authorized, 803,953
preferred shares issued and 114,753 shares outstanding. The outstanding preferred shares had a fair value of 
$68 million as of December 30, 2017. 
Activities of our preferred stock are included in the equity statement.

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Note 12 — Accumulated Other Comprehensive Loss Attributable to PepsiCo
The changes in the balances of each component of accumulated other comprehensive loss attributable to 
PepsiCo are as follows:
Currency
Translation
Adjustment
Cash
Flow
Hedges
Pension and
Retiree
Medical
Available-
For-Sale
Securities
Other
Accumulated Other
Comprehensive
Loss Attributable to
PepsiCo
Balance as of December 31, 2016 
(a)
$
(11,386) $
83 $
(2,645) $
64 $
(35) $
(13,919)
Other comprehensive (loss)/income 
before reclassifications 
(b)
1,049
130
(375)
25
—
829
Amounts reclassified from accumulated
other comprehensive loss
—
(171)
158
(99)
—
(112)
Net other comprehensive (loss)/income
1,049
(41)
(217)
(74)
—
717
Tax amounts
60
5
58
6
16
145
Balance as of December 30, 2017 
(a)
(10,277)
47
(2,804)
(4)
(19)
(13,057)
Other comprehensive (loss)/income 
before reclassifications 
(c)
(1,664)
(61)
(813)
6
—
(2,532)
Amounts reclassified from accumulated
other comprehensive loss
44
111
218
—
—
373
Net other comprehensive (loss)/income
(1,620)
50
(595)
6
—
(2,159)
Tax amounts
(21)
(10)
128
—
—
97
Balance as of December 29, 2018
(a)
(11,918)
87
(3,271)
2
(19)
(15,119)
Other comprehensive (loss)/income 
before reclassifications 
(d)
636
(131)
(89)
(2)
—
414
Amounts reclassified from accumulated
other comprehensive loss
—
14
468
—
—
482
Net other comprehensive (loss)/income
636
(117)
379
(2)
—
896
Tax amounts
(8)
27
(96)
—
—
(77)
Balance as of December 28, 2019 
(a)