Net Income Attributable to PepsiCo per Common Share

3 Months Ended

Mar. 21, 2020

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:

	12 Weeks Ended
	3/21/2020			3/23/2019
	Income		Shares(a)	Income		Shares(a)
Basic net income attributable to PepsiCo per common share	$	0.96		$	1.01
Net income available for PepsiCo common shareholders	$	1,338	1,390	$	1,413	1,406
Dilutive securities:
Stock options, RSUs, PSUs and other (b)	—		6	—		7
Diluted	$	1,338	1,396	$	1,413	1,413
Diluted net income attributable to PepsiCo per common share	$	0.96		$	1.00

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

(b) 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:

	12 Weeks Ended
	3/21/2020		3/23/2019
Out-of-the-money options (a)	—		1.2
Average exercise price per option	$	—	$	115.98

(a)

In millions.