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
	6/17/2017			6/11/2016
	Income		Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	2,105		$	2,005
Preferred shares:
Redemption premium	—			(1		)
Net income available for PepsiCo common shareholders	$	2,105	1,428	$	2,004		1,443
Basic net income attributable to PepsiCo per common share	$	1.47		$	1.39
Net income available for PepsiCo common shareholders	$	2,105	1,428	$	2,004		1,443
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—		12	—			12
Employee stock ownership plan (ESOP) convertible preferred stock	—		1	1			1
Diluted	$	2,105	1,441	$	2,005		1,456
Diluted net income attributable to PepsiCo per common share	$	1.46		$	1.38



	24 Weeks Ended
	6/17/2017				6/11/2016
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	3,423			$	2,936
Preferred shares:
Redemption premium	(2		)		(2		)
Net income available for PepsiCo common shareholders	$	3,421		1,428	$	2,934		1,445
Basic net income attributable to PepsiCo per common share	$	2.40			$	2.03
Net income available for PepsiCo common shareholders	$	3,421		1,428	$	2,934		1,445
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—			12	—			12
ESOP convertible preferred stock	2			1	2			1
Diluted	$	3,423		1,441	$	2,936		1,458
Diluted net income attributable to PepsiCo per common share	$	2.38			$	2.01


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

Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows:



	12 Weeks Ended				24 Weeks Ended
	6/17/2017		6/11/2016		6/17/2017		6/11/2016
Out-of-the-money options ^(a)	—		—		0.7		1.4
Average exercise price per option	$	—	$	—	$	109.69	$	98.99


(a)	In millions.