Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

PepsiCo Inc., consolidated balance sheet: assets

US$ in millions

	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Cash and cash equivalents	9,711)	4,954)	5,596)	8,185)	5,509)
Short-term investments	292)	394)	392)	1,366)	229)
Accounts and notes receivable, net	10,815)	10,163)	8,680)	8,404)	7,822)
Inventories	5,334)	5,222)	4,347)	4,172)	3,338)
Prepaid expenses and other current assets	798)	806)	980)	874)	747)
Assets held for sale	—)	—)	1,788)	—)	—)
Current assets	26,950)	21,539)	21,783)	23,001)	17,645)
Property, plant and equipment, net	27,039)	24,291)	22,407)	21,369)	19,305)
Amortizable intangible assets, net	1,199)	1,277)	1,538)	1,703)	1,433)
Goodwill	17,728)	18,202)	18,381)	18,757)	15,501)
Other indefinite-lived intangible assets	13,730)	14,309)	17,127)	17,612)	14,610)
Intangible assets	32,657)	33,788)	37,046)	38,072)	31,544)
Investments in noncontrolled affiliates	2,714)	3,073)	2,350)	2,792)	2,683)
Deferred income taxes	4,474)	4,204)	4,310)	4,372)	4,359)
Noncurrent notes and accounts receivable	200)	202)	111)	109)	85)
Deferred marketplace spending	103)	123)	119)	130)	147)
Pension plans	1,057)	948)	1,260)	910)	846)
Operating lease right-of-use assets	2,905)	2,373)	2,020)	1,670)	1,548)
Other investments	1,616)	813)	277)	—)	—)
Other	780)	833)	694)	493)	385)
Other assets	6,661)	5,292)	4,481)	3,312)	3,011)
Noncurrent assets	73,545)	70,648)	70,594)	69,917)	60,902)
Total assets	100,495)	92,187)	92,377)	92,918)	78,547)

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	PepsiCo Inc. current assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	PepsiCo Inc. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	PepsiCo Inc. noncurrent assets increased from 2021 to 2022 and from 2022 to 2023.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	PepsiCo Inc. total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	PepsiCo Inc. cash and cash equivalents decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	PepsiCo Inc. short-term investments increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Accounts and notes receivable, net	The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.	PepsiCo Inc. accounts and notes receivable, net increased from 2021 to 2022 and from 2022 to 2023.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	PepsiCo Inc. inventories increased from 2021 to 2022 and from 2022 to 2023.

PepsiCo Inc. (NASDAQ:PEP)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items