XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation
 8 Months Ended
Sep. 07, 2019
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Share-Based Compensation
The following table summarizes our total share-based compensation expense:
 
12 Weeks Ended
 
36 Weeks Ended
 
9/7/2019

 
9/8/2018

 
9/7/2019

 
9/8/2018

Share-based compensation expense - equity awards
$
51

 
$
57

 
$
169

 
$
203

Share-based compensation expense - liability awards
3

 
2

 
7

 
4

Restructuring charges
—

 
(1
)
 
1

 
1

Total
$
54

 
$
58

 
$
177

 
$
208


For the 12 weeks ended September 7, 2019 and September 8, 2018, 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:
 
36 Weeks Ended
 
9/7/2019
 
9/8/2018
 
Granted(a)
 
Weighted-Average Grant Price
 
Granted(a)
 
Weighted-Average Grant Price
Stock options
1.2

 
$
117.21

 
1.4

 
$
108.75

RSUs and PSUs
2.8

 
$
116.05

 
2.6

 
$
108.70

(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 $16 million and $21 million during the 36 weeks ended September 7, 2019 and September 8, 2018, respectively.
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
36 Weeks Ended
 
9/7/2019

 
9/8/2018

Expected life
5 years

 
5 years

Risk-free interest rate
2.5
%
 
2.6
%
Expected volatility
14
%
 
12
%
Expected dividend yield
3.1
%
 
2.7
%