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



	12 Weeks Ended
	6/15/13				6/16/12
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	2,010			$	1,488
Preferred shares:
Dividends	(1		)		(1		)
Redemption premium	(2		)		(2		)
Net income available for PepsiCo common shareholders	$	2,007		1,548	$	1,485		1,563
Basic net income attributable to PepsiCo per common share	$	1.30			$	0.95
Net income available for PepsiCo common shareholders	$	2,007		1,548	$	1,485		1,563
Dilutive securities:
Stock options and RSUs ^(b)	—			18	—			17
Employee stock ownership plan (ESOP) convertible preferred stock	3			1	3			1
Diluted	$	2,010		1,567	$	1,488		1,581
Diluted net income attributable to PepsiCo per common share	$	1.28			$	0.94



	24 Weeks Ended
	6/15/13				6/16/12
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	3,085			$	2,615
Preferred shares:
Dividends	(1		)		(1		)
Redemption premium	(4		)		(3		)
Net income available for PepsiCo common shareholders	$	3,080		1,546	$	2,611		1,565
Basic net income attributable to PepsiCo per common share	$	1.99			$	1.67
Net income available for PepsiCo common shareholders	$	3,080		1,546	$	2,611		1,565
Dilutive securities:
Stock options and RSUs ^(b)	—			18	—			17
ESOP convertible preferred stock	5			1	4			1
Diluted	$	3,085		1,565	$	2,615		1,583
Diluted net income attributable to PepsiCo per common share	$	1.97			$	1.65


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

(b)

For the 12 weeks in 2013, the calculation of diluted earnings per common share was unadjusted because there were no out-of-the-money options during the period. Options to purchase 1.3 million shares for the 24 weeks in 2013 were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. These out-of-the-money options had an average exercise price of $75.69. Options to purchase 10.2 million and 19.9 million shares, respectively, for the 12 and 24 weeks in 2012 were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. Out-of-the-money options for the 12 and 24 weeks in 2012 had average exercise prices of $68.93 and $67.44, respectively.