XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Share-Based Compensation
 8 Months Ended
Sep. 04, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Share-Based Compensation
The following table summarizes our total share-based compensation expense, which is primarily recorded in selling, general and administrative expenses:
12 Weeks Ended36 Weeks Ended
9/4/20219/5/20209/4/20219/5/2020
Share-based compensation expense – equity awards$71 $85 $215 $186 
Share-based compensation expense – liability awards3 3 7 10 
Restructuring charges(1)— — — 
Total$73 $88 $222 $196 
The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
36 Weeks Ended
9/4/20219/5/2020
Granted(a)
Weighted-Average Grant Price
Granted(a)
Weighted-Average Grant Price
Stock options2.0 $133.23 1.8 $131.45 
RSUs and PSUs2.6 $131.28 2.5 $131.18 
(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 $17 million and $19 million during the 36 weeks ended September 4, 2021 and September 5, 2020, respectively.
For the 12 weeks ended September 4, 2021 and September 5, 2020, our grants of stock options, RSUs, PSUs and long-term cash awards were nominal.
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 36 Weeks Ended
 9/4/20219/5/2020
Expected life7 years6 years
Risk-free interest rate1.1 %0.9 %
Expected volatility14 %14 %
Expected dividend yield3.1 %3.4 %