PEP · 10-Q · 2026Q2 · Full report

Russia Cash / FX Controls and Concentration

PEPSICO INC · 2026-07-09 · Importance 20 · Surprise 24

As of June 13, 2026, PepsiCo states that cash, cash equivalents and short-term investments in its consolidated subsidiaries outside of Russia that are subject to currency controls or currency exchange restrictions were not material. The company also reports that Russia accounted for 21% of its consolidated cash and cash equivalents as of that date. Management indicates that its sources and uses of cash were not materially adversely impacted by the cash held in Russia and that, to date, it has not identified any material impact on liquidity or capital resources from these amounts. The filing refers readers to the 'Our Business Risks' section for further information on operations in Russia.

Key facts

• Russia accounted for 38% of our accumulated currency translation adjustment loss as of June 13, 2026. source
• As of June 13, 2026, Russia accounted for 21% of PepsiCo's consolidated cash and cash equivalents. source
• Our operations in Russia accounted for 6% and 5% of our consolidated net revenue for the 12 and 24 weeks ended June 13, 2026, respectively. source
• Russia accounted for 6% of our consolidated assets as of June 13, 2026. source
• Russia accounted for 21% of our consolidated cash and cash equivalents as of June 13, 2026. source
• As of June 13, 2026, cash, cash equivalents and short-term investments in consolidated subsidiaries outside of Russia that are subject to currency controls or currency exchange restrictions were not material. source
• PepsiCo stated its sources and uses of cash were not materially adversely impacted by the cash and cash equivalents held in Russia as of June 13, 2026 and that to date it has not identified any material impact on liquidity or capital resources as a result of these amounts. source