What is PepsiCo's tax credit carryforward valuation allowance?

PepsiCo (PEP) reported tax credit carryforward valuation allowance of $6.19B in Q4 2024.

What is the long-term trend for PepsiCo's tax credit carryforward valuation allowance?

Over 4 years (2020 to 2024), PepsiCo's tax credit carryforward valuation allowance has grown at a 7.2% compound annual growth rate (CAGR), from $4.69B to $6.19B.

What does tax credit carryforward valuation allowance mean?

A reduction in the value of tax credits because the company may not have enough future profit to use them.

Tax Credit Carryforward Valuation Allowance

Non-Current Assets

PepsiCo Tax Credit Carryforward Valuation Allowance decreased by 4.5% to $6.19B in Q4 2024 compared to the prior quarter. Over 4 years (FY 2020 to FY 2024), Tax Credit Carryforward Valuation Allowance shows an upward trend with a 7.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2014

Last reportedQ4 2025

How to read this metric

An increase in the allowance signals management's reduced confidence in generating future taxable income to offset these credits.

Detailed definition

This is a contra-asset account that reduces the value of deferred tax assets related to tax credits when it is more like...

Peer comparison

Common in capital-intensive industries where tax credits are heavily utilized; peers with stable earnings typically have lower allowances.

Metric ID: tax_credit_carryforward_valuation_allowance

Historical Data

4 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24
Value	$4.63B	$5.01B	$6.48B	$6.19B
QoQ Change	—	+8.3%	+29.2%	-4.5%
YoY Change	—	+8.3%	+29.2%	-4.5%

Range$4.63B – $6.48B

Avg YoY Growth+11.0%

Median YoY Growth+8.3%

Frequently Asked Questions

What is PepsiCo's tax credit carryforward valuation allowance?: PepsiCo (PEP) reported tax credit carryforward valuation allowance of $6.19B in Q4 2024.
What is the long-term trend for PepsiCo's tax credit carryforward valuation allowance?: Over 4 years (2020 to 2024), PepsiCo's tax credit carryforward valuation allowance has grown at a 7.2% compound annual growth rate (CAGR), from $4.69B to $6.19B.
What does tax credit carryforward valuation allowance mean?: A reduction in the value of tax credits because the company may not have enough future profit to use them.