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



	12 Weeks Ended
	6/14/14				6/15/13
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	1,978			$	2,010
Preferred shares:
Dividends	—				(1		)
Redemption premium	(2		)		(2		)
Net income available for PepsiCo common shareholders	$	1,976		1,515	$	2,007		1,548
Basic net income attributable to PepsiCo per common share	$	1.30			$	1.30
Net income available for PepsiCo common shareholders	$	1,976		1,515	$	2,007		1,548
Dilutive securities:
Stock options, RSUs, and PEPUnits^(b)	—			16	—			18
Employee stock ownership plan (ESOP) convertible preferred stock	2			1	3			1
Diluted	$	1,978		1,532	$	2,010		1,567
Diluted net income attributable to PepsiCo per common share	$	1.29			$	1.28



	24 Weeks Ended
	6/14/14				6/15/13
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	3,194			$	3,085
Preferred shares:
Dividends	—				(1		)
Redemption premium	(3		)		(4		)
Net income available for PepsiCo common shareholders	$	3,191		1,519	$	3,080		1,546
Basic net income attributable to PepsiCo per common share	$	2.10			$	1.99
Net income available for PepsiCo common shareholders	$	3,191		1,519	$	3,080		1,546
Dilutive securities:
Stock options, RSUs, and PEPUnits ^(b)	—			16	—			18
ESOP convertible preferred stock	3			1	5			1
Diluted	$	3,194		1,536	$	3,085		1,565
Diluted net income attributable to PepsiCo per common share	$	2.08			$	1.97


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

(b)

For the 12 weeks in 2014 and 2013, the calculation of diluted earnings per common share was unadjusted because there were no out-of-the-money options during the period. For the 24 weeks, options to purchase 0.1 million shares in 2014 and 1.3 million shares 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 average exercise prices of $82.25 in 2014 and $75.69 in 2013.