XML 69 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Share-Based Compensation
 3 Months Ended
Mar. 21, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Share-Based Compensation
The following table summarizes our total share-based compensation expense:
 
12 Weeks Ended
 
3/21/2020

 
3/23/2019

Share-based compensation expense - equity awards
$
61

 
$
57

Share-based compensation expense - liability awards
3

 
1

Restructuring charges
1

 
—

Total (a)
$
65

 
$
58


(a)
Primarily recorded in selling, general and administrative expenses.
The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
 
12 Weeks Ended
 
3/21/2020
 
3/23/2019
 
Granted(a)
 
Weighted-Average Grant Price
 
Granted(a)
 
Weighted-Average Grant Price
Stock options
1.6

 
$
131.25

 
1.1

 
$
116.00

RSUs and PSUs
2.4

 
$
131.28

 
2.7

 
$
115.98

(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 $18 million and $15 million during the 12 weeks ended March 21, 2020 and March 23, 2019, respectively.
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
12 Weeks Ended
 
3/21/2020

 
3/23/2019

Expected life
6 years

 
5 years

Risk-free interest rate
1.0
%
 
2.6
%
Expected volatility
14
%
 
14
%
Expected dividend yield
3.5
%
 
3.1
%