Net Income Attributable to PepsiCo per Common Share

12 Months Ended

Dec. 28, 2019

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:

	2019			2018				2017
	Income		Shares(a)	Income			Shares(a)	Income			Shares(a)
Net income attributable to PepsiCo	$	7,314		$	12,515			$	4,857
Preferred stock:
Redemption premium (b)	—			(2		)		(4		)
Net income available for PepsiCo common shareholders	$	7,314	1,399	$	12,513		1,415	$	4,853		1,425
Basic net income attributable to PepsiCo per common share	$	5.23		$	8.84			$	3.40
Net income available for PepsiCo common shareholders	$	7,314	1,399	$	12,513		1,415	$	4,853		1,425
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other (c)	—		8	—			10	—			12
Employee stock ownership plan (ESOP) convertible preferred stock	—		—	2			—	4			1
Diluted	$	7,314	1,407	$	12,515		1,425	$	4,857		1,438
Diluted net income attributable to PepsiCo per common share	$	5.20		$	8.78			$	3.38

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

(b) See Note 11 for further information.

(c) The dilutive effect of these securities is calculated using the treasury stock method.

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

	2019		2018		2017
Out-of-the-money options (a)	0.3		0.7		0.4
Average exercise price per option	$	117.55	$	109.83	$	110.12

(a)

In millions.