Net Income Attributable to PepsiCo per Common Share

6 Months Ended

Jun. 15, 2019

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



	12 Weeks Ended
	6/15/2019			6/16/2018
	Income		Shares^(a)	Income		Shares^(a)
Basic net income attributable to PepsiCo per common share	$	1.45		$	1.28
Net income available for PepsiCo common shareholders	$	2,035	1,401	$	1,820	1,417
Dilutive securities:
Stock options, RSUs, PSUs and Other	—		8	—		9
Diluted	$	2,035	1,409	$	1,820	1,426
Diluted net income attributable to PepsiCo per common share	$	1.44		$	1.28



	24 Weeks Ended
	6/15/2019			6/16/2018
	Income		Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	3,448		$	3,163
Preferred stock: ^(b)
Redemption premium	—			(2		)
Net income available for PepsiCo common shareholders	$	3,448	1,403	$	3,161		1,418
Basic net income attributable to PepsiCo per common share	$	2.46		$	2.23
Net income available for PepsiCo common shareholders	$	3,448	1,403	$	3,161		1,418
Dilutive securities:
Stock options, RSUs, PSUs and Other	—		8	—			10
Employee stock ownership plan convertible preferred stock	—		—	2			—
Diluted	$	3,448	1,411	$	3,163		1,428
Diluted net income attributable to PepsiCo per common share	$	2.44		$	2.21


(a)	Weighted-average common shares outstanding (in millions).


(b)	All of the outstanding shares of our convertible preferred stock were converted into common stock on January 26, 2018 and retired for accounting purposes. For further information, refer to Note 11 to our consolidated financial statements in our 2018 Form 10-K.

Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows:



	12 Weeks Ended				24 Weeks Ended
	6/15/2019		6/16/2018		6/15/2019		6/16/2018
Out-of-the-money options ^(a)	—		2.8		0.6		1.4
Average exercise price per option	$	—	$	109.28	$	115.98	$	112.52

(a)

In millions.