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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 19, 2016
Mar. 21, 2015
Net Revenue $ 11,862 $ 12,217
Cost of sales 5,151 5,503
Gross Profit 6,711 6,714
Selling, general and administrative expenses 5,078 4,901
Amortization of intangible assets 14 16
Operating Profit 1,619 1,797
Interest expense (246) (211)
Interest income and other 14 15
Income before income taxes 1,387 1,601
Provision for income taxes 442 370
Net income 945 1,231
Less: Net income attributable to noncontrolling interests 14 10
Net Income (Loss) Attributable to Parent $ 931 $ 1,221
Net Income Attributable to PepsiCo per Common Share    
Basic $ 0.64 $ 0.82
Diluted net income attributable to PepsiCo per common share (in dollars per share) $ 0.64 $ 0.81
Weighted-average common shares outstanding    
Basic [1] 1,446 1,484
Diluted [1] 1,459 1,503
Cash dividends declared per common share $ 0.7025 $ 0.655
[1] Weighted-average common shares outstanding (in millions).