Race condition in Parallel.ForEach?

Is there a possible race condition in below code?

public void Process(List<SomeObject> list)
{
    SomeDataOutput objData=null;
    ConcurrentBag<SomeDataOutput> cbOutput = new ConcurrentBag<SomeDataOutput>();
    ParallelOptions po = new ParallelOptions(){MaxDegreeOfParallelism=4};
    Parallel.ForEach(list, po, (objInput) =>
    {
        objData = GetOutputData(objInput);//THIS LINE IS THE ONE I AM UNSURE OF. CAN objData GET OVERWRITTEN BY MULTIPLE PARALLEL THREADS?
        cbOutput.Add(objData);
    });
}