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Share-Based Compensation
 6 Months Ended
Jun. 17, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Share-Based Compensation
The following table summarizes our total share-based compensation expense:
 
 
12 Weeks Ended
 
24 Weeks Ended
 
 
6/17/2017

 
6/11/2016

 
6/17/2017

 
6/11/2016

Share-based compensation expense - equity awards
 
$
71

 
$
54

 
$
143

 
$
123

Share-based compensation expense - liability awards
 
3

 
1

 
7

 
3

Restructuring and impairment charges
 
1

 
1

 
2

 
2

Total
 
$
75

 
$
56

 
$
152

 
$
128


For the 12 weeks ended June 17, 2017 and June 11, 2016, our grants of stock options, RSUs, PSUs and long-term cash awards were nominal.
The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
 
24 Weeks Ended
 
6/17/2017
 
6/11/2016
 
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
2.8

 
$
109.76

 
2.9

 
$
98.83

(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 $17 million during the 24 weeks ended June 17, 2017 and June 11, 2016, respectively.
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
24 Weeks Ended
 
6/17/2017

 
6/11/2016

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
%