PEP · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

PEPSICO INC · 2026-10-08 · Importance 20 · Surprise 24

As of September 5, 2026, Russia accounted for 20% of PepsiCo’s consolidated cash and cash equivalents. The company reported no material adverse effect on sources and uses of cash or material liquidity or capital-resource impact from cash held in Russia. Cash, cash equivalents and short-term investments in subsidiaries outside Russia subject to currency controls or exchange restrictions were not material.

Key facts

• For the 36 weeks ended September 5, 2026, PepsiCo used $2.3 billion of net cash for investing activities, primarily reflecting $2.1 billion of net capital spending. source
• As of September 5, 2026, Russia accounted for 20% of PepsiCo's consolidated cash and cash equivalents. source
• PepsiCo said cash held in Russia had not materially adversely affected its sources and uses of cash and that it had not identified a material impact on liquidity or capital resources from those amounts. source
• PepsiCo said it regularly reviews its net capital spending plans and believes it has sufficient liquidity to meet its net capital spending needs. source
• As of September 5, 2026, cash, cash equivalents and short-term investments in PepsiCo's consolidated subsidiaries outside Russia that were subject to currency controls or currency exchange restrictions were not material. source
• PepsiCo's supply chain financing arrangements had no material impact on liquidity or capital resources in the periods presented, and it did not expect a material impact for the foreseeable future. source