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



	12 Weeks Ended
	6/11/2016				6/13/2015
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	2,005			$	1,980
Preferred shares:
Dividends	—				—
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	2,004		1,443	$	1,979		1,476
Basic net income attributable to PepsiCo per common share	$	1.39			$	1.34
Net income available for PepsiCo common shareholders	$	2,004		1,443	$	1,979		1,476
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(b)	—			12	—			14
Employee stock ownership plan (ESOP) convertible preferred stock	1			1	1			1
Diluted	$	2,005		1,456	$	1,980		1,491
Diluted net income attributable to PepsiCo per common share	$	1.38			$	1.33



	24 Weeks Ended
	6/11/2016				6/13/2015
	Income			Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	2,936			$	3,201
Preferred shares:
Dividends	—				—
Redemption premium	(2		)		(2		)
Net income available for PepsiCo common shareholders	$	2,934		1,445	$	3,199		1,480
Basic net income attributable to PepsiCo per common share	$	2.03			$	2.16
Net income available for PepsiCo common shareholders	$	2,934		1,445	$	3,199		1,480
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(b)	—			12	—			16
ESOP convertible preferred stock	2			1	2			1
Diluted	$	2,936		1,458	$	3,201		1,497
Diluted net income attributable to PepsiCo per common share	$	2.01			$	2.14


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

(b)

For the 12 weeks ended June 11, 2016, 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 11, 2016, options to purchase 1.4 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 $98.99. 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.