Stock-Based Compensation

3 Months Ended

Mar. 21, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The following table summarizes our total stock-based compensation expense:



	12 Weeks Ended
	3/21/2015		3/22/2014
Stock-based compensation expense	$	76	$	72
Restructuring and impairment benefits	—		(3		)
Total	$	76	$	69

Our weighted-average Black-Scholes fair value assumptions are as follows:



	12 Weeks Ended
	3/21/2015		3/22/2014
Expected life	7 years		6 years
Risk free interest rate	1.8	%	1.8	%
Expected volatility ^(a)	15	%	16	%
Expected dividend yield	2.7	%	2.9	%


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

The following table summarizes awards granted under the terms of our 2007 Long-Term Incentive Plan:



	12 Weeks Ended
	3/21/2015			3/22/2014
	Granted ^(a)	Weighted-Average Grant Price		Granted ^(a)	Weighted-Average Grant Price
Stock options	1.6	$	99.25	3.0	$	79.75
Restricted stock units (RSUs) and Performance stock units (PSUs)	2.6	$	99.25	4.2	$	79.76
PepsiCo equity performance units (PEPunits)	0.3	$	99.25	0.4	$	79.75


(a)	In millions.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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