Net Income Attributable to PepsiCo per Common Share (Tables)

3 Months Ended

Mar. 21, 2015

Basic And Diluted 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
	3/21/2015				3/22/2014
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	1,221			$	1,216
Preferred shares:
Dividends	—				—
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	1,220		1,484	$	1,215		1,524
Basic net income attributable to PepsiCo per common share	$	0.82			$	0.80
Net income available for PepsiCo common shareholders	$	1,220		1,484	$	1,215		1,524
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(b)	—			18	—			15
Employee stock ownership plan (ESOP) convertible preferred stock	1			1	1			1
Diluted	$	1,221		1,503	$	1,216		1,540
Diluted net income attributable to PepsiCo per common share	$	0.81			$	0.79


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

(b)

In the 12 weeks ended March 21, 2015 and March 22, 2014, options to purchase 1.6 million shares and 0.2 million shares, respectively, 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 $99.25 and $82.25 in the 12 weeks ended March 21, 2015 and March 22, 2014, respectively.