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

$
370 $
138
After-tax amount
$
303 $
109
Net income attributable to PepsiCo per common share
$
0.21 $
0.08
2019
2018
Plan to Date
through 12/28/2019
FLNA
$
22 $
31 $
53
QFNA
2
5
7
PBNA
51
40
91
LatAm
62
9
71
Europe
99
6
105
AMESA
38
3
41
APAC
47
2
49
Corporate
47
7
54
368
103
471
Other pension and retiree medical benefits expense
2
35
37
Total
$
370 $
138 $
508
Plan to Date
through 12/28/2019
Severance and other employee costs
$
286
Asset impairments
92
Other costs 
(a)
130
Total
$
508
(a) Includes other costs associated with the implementation of our initiatives, including contract termination costs, consulting and other 
professional fees.

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88
A summary of our 2019 Productivity Plan activity is as follows:
Severance
and Other
Employee Costs
Asset 
Impairments
Other Costs
Total
2018 restructuring charges
$
137 $
— $
1 $
138
Non-cash charges and translation
(32)
—
—
(32)
Liability as of December 29, 2018
105
—
1
106
2019 restructuring charges
149
92
129
370
Cash payments 
(a)
(138)
—
(119)
(257)
Non-cash charges and translation
12
(92)
10
(70)
Liability as of December 28, 2019
$
128 $
— $
21 $
149
(a) Excludes cash expenditures of $4 million reported in the cash flow statement in pension and retiree medical contributions.
Substantially all of the restructuring accrual at December 28, 2019 is expected to be paid by the end of 2020.
2014 Multi-Year Productivity Plan
The 2014 Productivity Plan, publicly announced on February 13, 2014, included the next generation of 
productivity initiatives that we believed would strengthen our beverage, food and snack businesses by: 
accelerating our investment in manufacturing automation; further optimizing our global manufacturing 
footprint, including closing certain manufacturing facilities; re-engineering our go-to-market systems in 
developed markets; expanding shared services; and implementing simplified organization structures to drive 
efficiency. To build on the 2014 Productivity Plan, in the fourth quarter of 2017, we expanded and extended 
the plan through the end of 2019 to take advantage of additional opportunities within the initiatives described 
above that further strengthened our beverage, food and snack businesses. 
The 2014 Productivity Plan was completed in 2019. In 2019, there were no material pre-tax charges related 
to this plan and all cash payments were paid at year end. The total plan pre-tax charges and cash expenditures 
approximated the previously disclosed plan estimates of $1.3 billion and $960 million, respectively. These 
total plan pre-tax charges consisted of 59% of severance and other employee costs, 15% of asset impairments 
and 26% of other costs, including costs associated with the implementation of our initiatives, including certain 
consulting and other contract termination costs. These total plan pre-tax charges were incurred by division 
as follows: FLNA 14%, QFNA 3%, PBNA 29%, LatAm 15%, Europe 23%, AMESA 3%, APAC 3% and 
Corporate 10%. 
A summary of our 2014 Productivity Plan charges is as follows:
2018
2017
Selling, general and administrative expenses
$
169 $
229
Other pension and retiree medical benefits expense
1
66
Total restructuring and impairment charges
$
170 $
295
After-tax amount
$
143 $
224
Net income attributable to PepsiCo per common share
$
0.10 $
0.16

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89
2018
2017
FLNA
$
8 $
67
QFNA
2
11
PBNA
51
54
LatAm
30
63
Europe
53
53
AMESA
15
2
APAC 
(a)
12
(5)
Corporate 
(b)
(1)
50
Total
$
170 $
295
(a) Income amount primarily reflects a gain on the sale of property, plant and equipment.
(b) Income amount primarily relates to other pension and retiree medical benefits.
A summary of our 2014 Productivity Plan activity is as follows: