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Share-Based Compensation
 6 Months Ended
Jun. 16, 2018
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
 
24 Weeks Ended
 
 
6/16/2018

 
6/17/2017

 
6/16/2018

 
6/17/2017

Share-based compensation expense - equity awards
 
$
66

 
$
71

 
$
146

 
$
143

Share-based compensation expense - liability awards
 
(4
)
 
3

 
2

 
7

Restructuring and impairment charges
 
(1
)
 
1

 
2

 
2

Total
 
$
61

 
$
75

 
$
150

 
$
152


For the 12 weeks ended June 16, 2018 and June 17, 2017, 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:
 
24 Weeks Ended
 
6/16/2018
 
6/17/2017
 
Granted(a)
 
Weighted-Average Grant Price
 
Granted(a)
 
Weighted-Average Grant Price
Stock options
1.2

 
$
108.75

 
1.3

 
$
109.75

RSUs and PSUs
2.6

 
$
108.70

 
2.8

 
$
109.76

(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 $21 million and $19 million during the 24 weeks ended June 16, 2018 and June 17, 2017, respectively.
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
24 Weeks Ended
 
6/16/2018

 
6/17/2017

Expected life
5 years

 
5 years

Risk-free interest rate
2.6
%
 
2.0
%
Expected volatility
12
%
 
11
%
Expected dividend yield
2.7
%
 
2.7
%