Net Income Attributable to PepsiCo per Common Share (Tables)

3 Months Ended

Mar. 19, 2016

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
	3/19/2016				3/21/2015
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	931			$	1,221
Preferred shares:
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	930		1,446	$	1,220		1,484
Basic net income attributable to PepsiCo per common share	$	0.64			$	0.82
Net income available for PepsiCo common shareholders	$	930		1,446	$	1,220		1,484
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(b)	—			12	—			18
Employee stock ownership plan (ESOP) convertible preferred stock	1			1	1			1
Diluted	$	931		1,459	$	1,221		1,503
Diluted net income attributable to PepsiCo per common share	$	0.64			$	0.81


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

(b)

For the 12 weeks ended March 19, 2016 and March 21, 2015, options to purchase 2.9 million shares and 1.6 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 $98.99 and $99.25 for the 12 weeks ended March 19, 2016 and March 21, 2015, respectively.