Share-Based Compensation (Tables)

6 Months Ended

Jun. 17, 2023

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				24 Weeks Ended
	6/17/2023		6/11/2022		6/17/2023		6/11/2022
Share-based compensation expense – equity awards	$	86	$	75	$	179	$	156
Share-based compensation expense – liability awards	6		7		12		12
Acquisition and divestiture-related charges	—		—		—		3
Restructuring charges	(1)		1		—		—
Total	$	91	$	83	$	191	$	171

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
	6/17/2023			6/11/2022
	Granted(a)	Weighted-Average Grant Price		Granted(a)	Weighted-Average Grant Price
Stock options	2.0	$	171.00	2.1	$	163.00
RSUs and PSUs	2.1	$	171.11	2.3	$	163.00

(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
	6/17/2023		6/11/2022
Expected life	7 years		7 years
Risk-free interest rate	4.2	%	1.7	%
Expected volatility	16	%	16	%
Expected dividend yield	2.7	%	2.5	%