Net Income Attributable to PepsiCo per Common Share

8 Months Ended

Sep. 03, 2016

Earnings Per Share [Abstract]

Net Income Attributable to PepsiCo per Common Share

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
	9/3/2016				9/5/2015
	Income			Shares (a)	Income				Shares (a)
Net income attributable to PepsiCo	$	1,992			$	533		(b)
Preferred shares:
Dividends	—				(1		)
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	1,991		1,438	$	531			1,467
Basic net income attributable to PepsiCo per common share	$	1.38			$	0.36
Net income available for PepsiCo common shareholders	$	1,991		1,438	$	531			1,467
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other (c)	—			13	1				15
Employee stock ownership plan (ESOP) convertible preferred stock	1			1	1				1
Diluted	$	1,992		1,452	$	533			1,483
Diluted net income attributable to PepsiCo per common share	$	1.37			$	0.36

	36 Weeks Ended
	9/3/2016				9/5/2015
	Income			Shares (a)	Income				Shares (a)
Net income attributable to PepsiCo	$	4,928			$	3,734		(b)
Preferred shares:
Dividends	—				(1		)
Redemption premium	(3		)		(3		)
Net income available for PepsiCo common shareholders	$	4,925		1,443	$	3,730			1,475
Basic net income attributable to PepsiCo per common share	$	3.41			$	2.53
Net income available for PepsiCo common shareholders	$	4,925		1,443	$	3,730			1,475
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other (c)	—			12	1				16
ESOP convertible preferred stock	3			1	3				1
Diluted	$	4,928		1,456	$	3,734			1,492
Diluted net income attributable to PepsiCo per common share	$	3.39			$	2.50

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

(b) Net income attributable to PepsiCo for the 12 and 36 weeks ended September 5, 2015 included an after-tax charge of $1.4 billion related to our change in accounting for our investments in our wholly-owned Venezuelan subsidiaries and beverage joint venture.

(c) For the 12 weeks ended September 3, 2016, there were no out-of-the-money options during the period. For the 12 weeks ended September 5, 2015, options to purchase 1.5 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 36 weeks ended September 3, 2016 and September 5, 2015, options to purchase 1.0 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, respectively.