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Share-Based Compensation
 8 Months Ended
Sep. 09, 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
 
36 Weeks Ended
 
 
9/9/2017

 
9/3/2016

 
9/9/2017

 
9/3/2016

Share-based compensation expense - equity awards
 
$
63

 
$
67

 
$
206

 
$
190

Share-based compensation expense - liability awards
 
3

 
1

 
10

 
4

Restructuring and impairment charges
 
1

 
1

 
3

 
3

Total
 
$
67

 
$
69

 
$
219

 
$
197


For the 12 weeks ended September 9, 2017 and September 3, 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:
 
36 Weeks Ended
 
9/9/2017
 
9/3/2016
 
Granted(a)
 
Weighted-Average Grant Price
 
Granted(a)
 
Weighted-Average Grant Price
Stock options
1.4

 
$
110.04

 
1.6

 
$
99.51

RSUs and PSUs
2.8

 
$
109.84

 
3.0

 
$
98.87

(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 36 weeks ended September 9, 2017 and September 3, 2016, respectively.
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
36 Weeks Ended
 
9/9/2017

 
9/3/2016

Expected life
5 years

 
6 years

Risk-free interest rate
2.0
%
 
1.4
%
Expected volatility
11
%
 
12
%
Expected dividend yield
2.7
%
 
2.7
%