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Net Income Attributable to PepsiCo per Common Share
12 Months Ended
Dec. 30, 2017
Earnings Per Share [Abstract]  
Net Income Attributable To PepsiCo Per Common Share
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:
 
2017
 
2016
 
2015
 
Income
 
Shares(a)
 
Income
 
Shares(a)
 
Income
 
Shares(a)
Net income attributable to PepsiCo
$
4,857

 
 
 
$
6,329

 
 
 
$
5,452

 
 
Preferred shares:
 
 
 
 
 
 
 
 
 
 
 
Dividends

 
 
 
(1
)
 
 
 
(1
)
 
 
Redemption premium
(4
)
 
 
 
(5
)
 
 
 
(5
)
 
 
Net income available for PepsiCo
   common shareholders
$
4,853

 
1,425

 
$
6,323

 
1,439

 
$
5,446

 
1,469

Basic net income attributable to
   PepsiCo per common share
$
3.40

 
 
 
$
4.39

 
 
 
$
3.71

 
 
Net income available for PepsiCo
   common shareholders
$
4,853

 
1,425

 
$
6,323

 
1,439

 
$
5,446

 
1,469

Dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options, RSUs, PSUs, PEPunits and Other

 
12

 
1

 
12

 

 
15

ESOP convertible preferred stock
4

 
1

 
5

 
1

 
6

 
1

Diluted
$
4,857

 
1,438

 
$
6,329

 
1,452

 
$
5,452

 
1,485

Diluted net income attributable to
   PepsiCo per common share
$
3.38

 
 
 
$
4.36

 
 
 
$
3.67

 
 
(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: 
 
2017

 
2016

 
2015

Out-of-the-money options (a)
0.4

 
0.7

 
1.5

Average exercise price per option
$
110.12

 
$
99.98

 
$
99.25

(a)
In millions.