Net Income Attributable to PepsiCo per Common Share

3 Months Ended

Mar. 23, 2019

The computations of basic and diluted net income attributable to PepsiCo per common share are as follows:



	12 Weeks Ended
	3/23/2019			3/24/2018
	Income		Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	1,413		$	1,343
Preferred shares:
Redemption premium	—			(2		)
Net income available for PepsiCo common shareholders	$	1,413	1,406	$	1,341		1,420
Basic net income attributable to PepsiCo per common share	$	1.01		$	0.94
Net income available for PepsiCo common shareholders	$	1,413	1,406	$	1,341		1,420
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other	—		7	—			10
Employee stock ownership plan convertible preferred stock	—		—	2			—
Diluted	$	1,413	1,413	$	1,343		1,430
Diluted net income attributable to PepsiCo per common share	$	1.00		$	0.94


(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
	3/23/2019		3/24/2018
Out-of-the-money options ^(a)	1.2		0.1
Average exercise price per option	$	115.98	$	115.75

(a)

In millions.