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Net Income Attributable to PepsiCo per Common Share
12 Months Ended
Dec. 29, 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:
 
2018
 
2017
 
2016
 
Income
 
Shares(a)
 
Income
 
Shares(a)
 
Income
 
Shares(a)
Net income attributable to PepsiCo
$
12,515

 
 
 
$
4,857

 
 
 
$
6,329

 
 
Preferred shares:
 
 
 
 
 
 
 
 
 
 
 
Dividends

 
 
 

 
 
 
(1
)
 
 
Redemption premium
(2
)
 
 
 
(4
)
 
 
 
(5
)
 
 
Net income available for PepsiCo
   common shareholders
$
12,513

 
1,415

 
$
4,853

 
1,425

 
$
6,323

 
1,439

Basic net income attributable to
   PepsiCo per common share
$
8.84

 
 
 
$
3.40

 
 
 
$
4.39

 
 
Net income available for PepsiCo
   common shareholders
$
12,513

 
1,415

 
$
4,853

 
1,425

 
$
6,323

 
1,439

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

 
10

 

 
12

 
1

 
12

Employee stock ownership plan (ESOP) convertible preferred stock
2

 

 
4

 
1

 
5

 
1

Diluted
$
12,515

 
1,425

 
$
4,857

 
1,438

 
$
6,329

 
1,452

Diluted net income attributable to
   PepsiCo per common share
$
8.78

 
 
 
$
3.38

 
 
 
$
4.36

 
 
(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: 
 
2018

 
2017

 
2016

Out-of-the-money options (a)
0.7

 
0.4

 
0.7

Average exercise price per option
$
109.83

 
$
110.12

 
$
99.98

(a)
In millions.