Non-Current Liabilities
Underfunded Retirement Plans
PepsiCo Underfunded Retirement Plans decreased by 4.8% to $632.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 4.8%, from $664.00M to $632.00M. Over 5 years (FY 2020 to FY 2025), Underfunded Retirement Plans shows a downward trend with a -5.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2019
Last reportedQ4 2025Feb 3, 2026
How to read this metric
A decrease is favorable as it reduces long-term balance sheet liabilities and future funding requirements.
Detailed definition
This represents the shortfall between the projected benefit obligations of a company's pension or postretirement plans a...
Peer comparison
Varies significantly based on industry maturity and the age of the workforce.
Metric ID:
underfunded_retirement_plansHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $810.00M | $625.00M | $678.00M | $664.00M | $632.00M |
| QoQ Change | — | -22.8% | +8.5% | -2.1% | -4.8% |
| YoY Change | — | -22.8% | +8.5% | -2.1% | -4.8% |
Range$625.00M – $810.00M
CAGR-22.0%
Avg YoY Growth-5.3%
Median YoY Growth-3.4%
Current Streak2 quarters decline
Underfunded Retirement Plans at Other Companies
Frequently Asked Questions
- What is PepsiCo's underfunded retirement plans?
- PepsiCo (PEP) reported underfunded retirement plans of $632.00M in Q4 2025.
- How has PepsiCo's underfunded retirement plans changed year-over-year?
- PepsiCo's underfunded retirement plans decreased by 4.8% year-over-year, from $664.00M to $632.00M.
- What is the long-term trend for PepsiCo's underfunded retirement plans?
- Over 5 years (2020 to 2025), PepsiCo's underfunded retirement plans has grown at a -5.8% compound annual growth rate (CAGR), from $854.00M to $632.00M.
- What does underfunded retirement plans mean?
- The amount by which a company's pension obligations exceed the assets held to pay for them.