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Stock-Based Compensation
6 Months Ended
Jun. 14, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation

The following table summarizes our total stock-based compensation expense:
 
 
12 Weeks Ended
 
24 Weeks Ended
 
 
6/14/14

 
6/15/13

 
6/14/14


6/15/13

Stock-based compensation expense
 
$
68

 
$
72

 
$
140

 
$
149

Restructuring and impairment benefits
 

 

 
(3
)
 

Total
 
$
68

 
$
72

 
$
137

 
$
149


Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
24 Weeks Ended
 
6/14/14

 
6/15/13

Expected life
6 years

 
6 years

Risk free interest rate
1.8
%
 
1.0
%
Expected volatility (a)
16
%
 
17
%
Expected dividend yield
2.9
%
 
2.7
%

(a)
Reflects movements in our stock price over the most recent historical period equivalent to the expected life.

For the 12 weeks ended June 14, 2014 and June 15, 2013, our grants of stock options, restricted stock units (RSUs) and PepsiCo equity performance units (PEPUnits) were nominal.
The following table summarizes awards granted under the terms of our 2007 Long-Term Incentive Plan:
 
 
24 Weeks Ended
 
 
6/14/14
 
6/15/13
 
 
Granted (a)
 
Weighted-Average Grant Price
 
Granted (a)
 
Weighted-Average Grant Price
Stock options
 
3.0

 
$
79.75

 
2.5

 
$
75.75

RSUs
 
4.2

 
$
79.76

 
3.9

 
$
75.75

PEPUnits
 
0.4

 
$
79.75

 
0.4

 
$
75.75


(a)
In millions.