Net Income Attributable to PepsiCo per Common Share

3 Months Ended

Mar. 23, 2013

Earnings Per Share [Abstract]

Net Income Attributable to PepsiCo per Common Share

Net Income Attributable to PepsiCo per Common Share

The computations of basic and diluted net income attributable to PepsiCo per common share are as follows:

	12 Weeks Ended
	3/23/2013				3/24/2012
	Income			Shares (a)	Income			Shares (a)
Net income attributable to PepsiCo	$	1,075			$	1,127
Preferred shares:
Dividends	—				—
Redemption premium	(2		)		(1		)
Net income available for PepsiCo common shareholders	$	1,073		1,544	$	1,126		1,568
Basic net income attributable to PepsiCo per common share	$	0.69			$	0.72
Net income available for PepsiCo common shareholders	$	1,073		1,544	$	1,126		1,568
Dilutive securities:
Stock options and RSUs (b)	—			18	—			15
Employee stock ownership plan (ESOP) convertible preferred stock	2			1	1			1
Diluted	$	1,075		1,563	$	1,127		1,584
Diluted net income attributable to PepsiCo per common share	$	0.69			$	0.71

(a) Weighted-average common shares outstanding (in millions).

(b) Options to purchase 2.6 million shares in 2013 and 29.6 million shares in 2012 were not included in the calculation of earnings per share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $75.69 in 2013 and $66.93 in 2012.