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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 19, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table summarizes our total share-based compensation expense:
 
 
12 Weeks Ended
 
 
3/19/2016

 
3/21/2015

Share-based compensation expense - equity awards
 
$
69

 
$
76

Share-based compensation expense - liability awards
 
2

 

Restructuring and impairment charges
 
1

 

Total
 
$
72

 
$
76

Schedule of Share-based Payment Award, 2007 Long-Term Incentive Plan
The following table summarizes share-based awards granted under the terms of our 2007 Long-Term Incentive Plan:
 
 
12 Weeks Ended
 
 
3/19/2016
 
3/21/2015
 
 
Granted (a)
 
Weighted-Average Grant Price
 
Granted (a)
 
Weighted-Average Grant Price
Stock options
 
1.5

 
$
98.75

 
1.6

 
$
99.25

Restricted stock units (RSUs) and Performance stock units (PSUs)
 
2.9

 
$
98.74

 
2.6

 
$
99.25

PepsiCo equity performance units (PEPunits)
 

 
$

 
0.3

 
$
99.25

(a)
In millions. All grant activity is disclosed at target.
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
12 Weeks Ended
 
3/19/2016

 
3/21/2015

Expected life
6 years

 
7 years

Risk-free interest rate
1.5
%
 
1.8
%
Expected volatility
12
%
 
15
%
Expected dividend yield
2.7
%
 
2.7
%