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Basis of Presentation and Our Divisions (Tables)
 3 Months Ended
Mar. 23, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Segment Reporting Information By Net Revenue
Net revenue of each division is as follows:
12 Weeks Ended
3/23/20243/25/2023
FLNA$5,676 $5,583 
QFNA593 777 
PBNA5,874 5,798 
LatAm2,067 1,777 
Europe1,936 1,886 
AMESA1,040 1,019 
APAC1,064 1,006 
Total$18,250 $17,846 
Summary of Segment Reporting Information by Percentage of Disaggregated 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 for each of our international divisions, as well as our consolidated net revenue:
12 Weeks Ended
3/23/20243/25/2023
Beverages(a)
Convenient Foods
Beverages(a)
Convenient Foods
LatAm9 %91 %9 %91 %
Europe45 %55 %46 %54 %
AMESA32 %68 %31 %69 %
APAC15 %85 %15 %85 %
PepsiCo41 %59 %41 %59 %
(a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and Europe divisions, was 35% and 36% of our consolidated net revenue in the 12 weeks ended March 23, 2024 and March 25, 2023, respectively. Generally, our finished goods beverage operations produce higher net revenue but lower operating margin as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.
Summary of Segment Reporting Information by Operating Profit
Operating profit/(loss) of each division is as follows:
12 Weeks Ended
3/23/20243/25/2023
FLNA$1,554 $1,599 
QFNA (a)
(49)188 
PBNA510 483 
LatAm
485 364 
Europe 202 71 
AMESA152 168 
APAC233 227 
Total divisions3,087 3,100 
Corporate unallocated expenses (370)(471)
Total$2,717 $2,629 
(a)In the 12 weeks ended March 23, 2024, operating loss included a pre-tax charge of $167 million ($128 million after-tax or $0.09 per share) in cost of sales for property, plant and equipment write-offs, employee severance costs and other costs associated with a previously announced voluntary recall of certain bars and cereals in our QFNA division (Quaker Recall).