XML 50 R13.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stock-Based Compensation
 6 Months Ended
Jun. 13, 2015
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
 
 
6/13/15

 
6/14/14

 
6/13/15


6/14/14

Stock-based compensation expense
 
$
68

 
$
68

 
$
144

 
$
140

Restructuring and impairment charges/(credits)
 
1

 
—

 
1

 
(3
)
Total
 
$
69

 
$
68

 
$
145

 
$
137


Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
24 Weeks Ended
 
6/13/15

 
6/14/14

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.
For the 12 weeks ended June 13, 2015 and June 14, 2014, our grants of stock options, restricted stock units (RSUs), performance stock units (PSUs) 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
 
 
6/13/15
 
6/14/14
 
 
Granted (a)
 
Weighted-Average Grant Price
 
Granted (a)
 
Weighted-Average Grant Price
Stock options
 
1.6

 
$
99.25

 
3.0

 
$
79.75

RSUs and PSUs
 
2.6

 
$
99.25

 
4.2

 
$
79.76

PEPunits
 
0.3

 
$
99.25

 
0.4

 
$
79.75

(a)
In millions.