Share-Based Compensation (Tables)

6 Months Ended

Jun. 15, 2024

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
	6/15/2024		6/17/2023		6/15/2024		6/17/2023
Share-based compensation expense – equity awards	$	86	$	86	$	183	$	179
Share-based compensation expense – liability awards	5		6		10		12
Restructuring charges	1		(1)		(4)		—
Total	$	92	$	91	$	189	$	191

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
	6/15/2024			6/17/2023
	Granted(a)	Weighted-Average Grant Price		Granted(a)	Weighted-Average Grant Price
Stock options	1.8	$	164.25	2.0	$	171.00
RSUs and PSUs	2.3	$	164.25	2.1	$	171.11

(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
	6/15/2024		6/17/2023
Expected life	7 years		7 years
Risk-free interest rate	4.2	%	4.2	%
Expected volatility	16	%	16	%
Expected dividend yield	2.9	%	2.7	%