Net Income Attributable to PepsiCo per Common Share (Tables)

12 Months Ended

Dec. 28, 2019

Earnings Per Share [Abstract]

Basic And Diluted 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.