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
	6/16/2018			6/17/2017
	Income		Shares^(a)	Income		Shares^(a)
Net income attributable to PepsiCo	$	1,820		$	2,105
Preferred shares:
Redemption premium	—			—
Net income available for PepsiCo common shareholders	$	1,820	1,417	$	2,105	1,428
Basic net income attributable to PepsiCo per common share	$	1.28		$	1.47
Net income available for PepsiCo common shareholders	$	1,820	1,417	$	2,105	1,428
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—		9	—		12
Employee stock ownership plan (ESOP) convertible preferred stock	—		—	—		1
Diluted	$	1,820	1,426	$	2,105	1,441
Diluted net income attributable to PepsiCo per common share	$	1.28		$	1.46



	24 Weeks Ended
	6/16/2018				6/17/2017
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	3,163			$	3,423
Preferred shares:
Redemption premium	(2		)		(2		)
Net income available for PepsiCo common shareholders	$	3,161		1,418	$	3,421		1,428
Basic net income attributable to PepsiCo per common share	$	2.23			$	2.40
Net income available for PepsiCo common shareholders	$	3,161		1,418	$	3,421		1,428
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—			10	—			12
ESOP convertible preferred stock	2			—	2			1
Diluted	$	3,163		1,428	$	3,423		1,441
Diluted net income attributable to PepsiCo per common share	$	2.21			$	2.38


(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				24 Weeks Ended
	6/16/2018		6/17/2017		6/16/2018		6/17/2017
Out-of-the-money options ^(a)	2.8		—		1.4		0.7
Average exercise price per option	$	109.28	$	—	$	112.52	$	109.69


(a)	In millions.