PEP · 10-Q · 2026Q3 · Full report

Financing Activities

PEPSICO INC · 2026-10-08 · Importance 61 · Surprise 6 · In source text

During the 36 weeks ended September 5, 2026, PepsiCo used $3.9 billion in financing activities. Financing cash flows included $2.3 billion of long-term debt repayments and $2.1 billion of net proceeds from short-term borrowings, offset in part by $3.0 billion of proceeds from long-term debt issuances. The company said it expects to maintain Tier 1 commercial paper access to support financial flexibility and access to capital and credit markets.

Key facts

• For the 36 weeks ended September 5, 2026, PepsiCo used $3.9 billion of net cash for financing activities. source
• For the 36 weeks ended September 5, 2026, PepsiCo paid $2.3 billion of long-term debt borrowings and received $3.0 billion from long-term debt issuances and $2.1 billion of net proceeds from short-term borrowings. source
• A downgrade of PepsiCo's credit ratings, especially below investment grade, could increase future borrowing costs and impair access to capital and credit markets on commercially acceptable terms or at all. source
• A downgrade of PepsiCo's current short-term credit ratings could impair its access to the commercial paper market and require greater reliance on more expensive debt financing. source
• PepsiCo uses free cash flow primarily for acquisitions and financing activities, including debt repayments, dividends and share repurchases. source

Impact estimates