Share-Based Compensation

3 Months Ended

Mar. 25, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

The following table summarizes our total share-based compensation expense:



	12 Weeks Ended
	3/25/2017		3/19/2016
Share-based compensation expense - equity awards	$	72	$	69
Share-based compensation expense - liability awards	4		2
Restructuring and impairment charges	1		1
Total	$	77	$	72

The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:



	12 Weeks Ended
	3/25/2017			3/19/2016
	Granted^(a)	Weighted-Average Grant Price		Granted^(a)	Weighted-Average Grant Price
Stock options	1.3	$	109.75	1.5	$	98.75
RSUs and PSUs	2.7	$	109.75	2.9	$	98.74


(a)	In millions. All grant activity is disclosed at target.

We granted long-term cash awards to certain executive officers and other senior executives with an aggregate target value of $19 million and $16 million during the 12 weeks ended March 25, 2017 and March 19, 2016, respectively.

Our weighted-average Black-Scholes fair value assumptions are as follows:



	12 Weeks Ended
	3/25/2017		3/19/2016
Expected life	5 years		6 years
Risk-free interest rate	2.0	%	1.5	%
Expected volatility	11	%	12	%
Expected dividend yield	2.7	%	2.7	%

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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