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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 25, 2017
Mar. 19, 2016
Net Revenue $ 12,049 $ 11,862
Cost of sales 5,286 5,151
Gross Profit 6,763 6,711
Selling, general and administrative expenses 4,817 5,078
Amortization of intangible assets 13 14
Operating Profit 1,933 1,619
Interest expense (252) (246)
Interest income and other 40 14
Income before income taxes 1,721 1,387
Provision for income taxes 392 442
Net income 1,329 945
Less: Net income attributable to noncontrolling interests 11 14
Net Income (Loss) Attributable to Parent $ 1,318 $ 931
Net Income Attributable to PepsiCo per Common Share    
Basic $ 0.92 $ 0.64
Diluted net income attributable to PepsiCo per common share (in dollars per share) $ 0.91 $ 0.64
Weighted-average common shares outstanding    
Basic [1] 1,428 1,446
Diluted [1] 1,440 1,459
Cash dividends declared per common share $ 0.7525 $ 0.7025
[1] Weighted-average common shares outstanding (in millions)