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



	12 Weeks Ended
	6/13/15				6/14/14
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	1,980			$	1,978
Preferred shares:
Dividends	—				—
Redemption premium	(1		)		(2		)
Net income available for PepsiCo common shareholders	$	1,979		1,476	$	1,976		1,515
Basic net income attributable to PepsiCo per common share	$	1.34			$	1.30
Net income available for PepsiCo common shareholders	$	1,979		1,476	$	1,976		1,515
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(b)	—			14	—			16
Employee stock ownership plan (ESOP) convertible preferred stock	1			1	2			1
Diluted	$	1,980		1,491	$	1,978		1,532
Diluted net income attributable to PepsiCo per common share	$	1.33			$	1.29



	24 Weeks Ended
	6/13/15				6/14/14
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	3,201			$	3,194
Preferred shares:
Dividends	—				—
Redemption premium	(2		)		(3		)
Net income available for PepsiCo common shareholders	$	3,199		1,480	$	3,191		1,519
Basic net income attributable to PepsiCo per common share	$	2.16			$	2.10
Net income available for PepsiCo common shareholders	$	3,199		1,480	$	3,191		1,519
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(b)	—			16	—			16
ESOP convertible preferred stock	2			1	3			1
Diluted	$	3,201		1,497	$	3,194		1,536
Diluted net income attributable to PepsiCo per common share	$	2.14			$	2.08


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

(b)

For the 12 and 24 weeks ended June 13, 2015, options to purchase 1.6 million shares 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 an average exercise price of $99.25. For the 12 weeks ended June 14, 2014, 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 ended June 14, 2014, options to purchase 0.1 million shares 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 an average exercise price of $82.25.