Taco Bell will keep serving Pepsi drinks through 2036, according to CNBC and CNN, whose report ran on Hawaii News Now. The fast-food chain renewed its long deal with PepsiCo on Thursday.

The news came one week after KFC, Taco Bell's sister chain, said it will switch to Coca-Cola as its drink supplier in the US, CNBC reported. Both chains are owned by Yum Brands.

It is unusual for big restaurant chains to change drink suppliers, CNBC said. But it does happen. Coke and Pepsi compete for these contracts by offering perks and other deals.

Coke's win at KFC was mostly symbolic, CNBC reported. It was another sign that Coke has been beating Pepsi in the soda business.

The Taco Bell deal is a big win for PepsiCo, CNN reported. Pepsi not only lost KFC but also recently reported weak drink sales in North America.

Pepsi's ties to Taco Bell and KFC go back decades, CNBC reported. Pepsi once owned the restaurant chains. It spun them off into a separate public company in 1997.

Even after losing KFC in the US, Pepsi is still an important partner for Yum and KFC's markets abroad, CNBC reported, citing a memo from KFC's US president, Catherine Tan-Gillespie.

Taco Bell has long sold menu items made with Pepsi brands, CNBC said. They include Mountain Dew Baja Blast and Doritos Locos Tacos.

The companies plan to create new drinks and new Doritos Locos Tacos flavors, CNN reported. That includes more kinds of Baja Blast, which has become a billion-dollar brand. Taco Bell also aims to bring in $5 billion in drink sales by 2030.

The new deal also covers Taco Bell restaurants outside the US, CNBC reported. That includes Canada, the United Kingdom, Ireland and Thailand.

What we know: Taco Bell will keep serving Pepsi drinks through 2036.
What we don't: The money terms of the new deal.