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
	9/9/2017				9/3/2016
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	2,144			$	1,992
Preferred shares:
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	2,143		1,425	$	1,991		1,438
Basic net income attributable to PepsiCo per common share	$	1.50			$	1.38
Net income available for PepsiCo common shareholders	$	2,143		1,425	$	1,991		1,438
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—			12	—			13
Employee stock ownership plan (ESOP) convertible preferred stock	1			1	1			1
Diluted	$	2,144		1,438	$	1,992		1,452
Diluted net income attributable to PepsiCo per common share	$	1.49			$	1.37



	36 Weeks Ended
	9/9/2017				9/3/2016
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	5,567			$	4,928
Preferred shares:
Redemption premium	(3		)		(3		)
Net income available for PepsiCo common shareholders	$	5,564		1,427	$	4,925		1,443
Basic net income attributable to PepsiCo per common share	$	3.90			$	3.41
Net income available for PepsiCo common shareholders	$	5,564		1,427	$	4,925		1,443
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—			12	—			12
ESOP convertible preferred stock	3			1	3			1
Diluted	$	5,567		1,440	$	4,928		1,456
Diluted net income attributable to PepsiCo per common share	$	3.87			$	3.39


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

For the 12 weeks ended September 9, 2017 and September 3, 2016, the calculation of diluted earnings per common share was unadjusted because there were no out-of-the-money options outstanding during those periods. Out-of-the-money options excluded from the calculation of diluted earnings per common share for the 36 weeks ended September 9, 2017 and September 3, 2016 are as follows:



	36 Weeks Ended
	9/9/2017		9/3/2016
Out-of-the-money options ^(a)	0.5		1.0
Average exercise price per option	$	109.69	$	98.99


(a)	In millions.