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Net Income Attributable to PepsiCo per Common Share
 3 Months Ended
Mar. 24, 2018
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:
 
12 Weeks Ended
 
3/24/2018
 
3/25/2017
 
Income
 
Shares(a)
 
Income
 
Shares(a)
Net income attributable to PepsiCo
$
1,343

 
 
 
$
1,318

 
 
Preferred shares:
 
 
 
 
 
 
 
Redemption premium
(2
)
 
 
 
(2
)
 
 
Net income available for PepsiCo common shareholders
$
1,341

 
1,420

 
$
1,316

 
1,428

Basic net income attributable to PepsiCo per common share
$
0.94

 
 
 
$
0.92

 
 
Net income available for PepsiCo common shareholders
$
1,341

 
1,420

 
$
1,316

 
1,428

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

 
10

 
—

 
11

Employee stock ownership plan (ESOP) convertible preferred stock
2

 
—

 
2

 
1

Diluted
$
1,343

 
1,430

 
$
1,318

 
1,440

Diluted net income attributable to PepsiCo per common share
$
0.94

 
 
 
$
0.91

 
 
(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
 
3/24/2018

 
3/25/2017

Out-of-the-money options (a)
0.1

 
1.4

Average exercise price per option
$
115.75

 
$
109.69

(a)
In millions.