Stock-Based Compensation (Tables)

6 Months Ended

Jun. 12, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

The following table summarizes our total share-based compensation expense, which is primarily recorded in selling and general and administrative expenses:

	12 Weeks Ended				24 Weeks Ended
	6/12/2021		6/13/2020		6/12/2021		6/13/2020
Share-based compensation expense – equity awards	$	65	$	40	$	144	$	101
Share-based compensation expense – liability awards	—		4		4		7
Restructuring charges	—		(1)		1		—
Total	$	65	$	43	$	149	$	108

Schedule of Share-based Payment Award, PepsiCo, Inc. Long-Term Incentive Plan

The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:

	24 Weeks Ended
	6/12/2021			6/13/2020
	Granted(a)	Weighted-Average Grant Price		Granted(a)	Weighted-Average Grant Price
Stock options	1.8	$	131.25	1.6	$	131.25
RSUs and PSUs	2.6	$	131.27	2.5	$	131.20

(a)In millions. All grant activity is disclosed at target.

Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions

Our weighted-average Black-Scholes fair value assumptions are as follows: 

	24 Weeks Ended
	6/12/2021		6/13/2020
Expected life	7 years		6 years
Risk-free interest rate	1.1	%	1.0	%
Expected volatility	14	%	14	%
Expected dividend yield	3.1	%	3.5	%