Stock-Based Compensation (Tables)

8 Months Ended

Sep. 04, 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, general and administrative expenses:

	12 Weeks Ended				36 Weeks Ended
	9/4/2021		9/5/2020		9/4/2021		9/5/2020
Share-based compensation expense – equity awards	$	71	$	85	$	215	$	186
Share-based compensation expense – liability awards	3		3		7		10
Restructuring charges	(1)		—		—		—
Total	$	73	$	88	$	222	$	196

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:

	36 Weeks Ended
	9/4/2021			9/5/2020
	Granted(a)	Weighted-Average Grant Price		Granted(a)	Weighted-Average Grant Price
Stock options	2.0	$	133.23	1.8	$	131.45
RSUs and PSUs	2.6	$	131.28	2.5	$	131.18

(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: 

	36 Weeks Ended
	9/4/2021		9/5/2020
Expected life	7 years		6 years
Risk-free interest rate	1.1	%	0.9	%
Expected volatility	14	%	14	%
Expected dividend yield	3.1	%	3.4	%