Net Income Attributable to PepsiCo per Common Share

The computations of basic and diluted net income attributable to PepsiCo per common share are as follows:


	12 Weeks Ended
	6/11/11					6/12/10
	Income			Shares^(a)		Income			Shares^(a)
Net income attributable to PepsiCo	$	1,885				$	1,603
Preferred shares:
Dividends		(1	)				(1	)
Redemption premium		(1	)				(1	)

Net income available for PepsiCo common shareholders	$	1,883			1,583	$	1,601			1,608

Basic net income attributable to PepsiCo per common share	$	1.19				$	1.00

Net income available for PepsiCo common shareholders	$	1,883			1,583	$	1,601			1,608
Dilutive securities:
Stock options and RSUs^(b)		–			21		–			25
ESOP convertible preferred stock		2			1		2			1

Diluted	$	1,885			1,605	$	1,603			1,634

Diluted net income attributable to PepsiCo per common share	$	1.17				$	0.98


	24 Weeks Ended
	6/11/11					6/12/10
	Income			Shares^(a)		Income			Shares^(a)
Net income attributable to PepsiCo	$	3,028				$	3,033
Preferred shares:
Dividends		(1	)				(1	)
Redemption premium		(3	)				(2	)

Net income available for PepsiCo common shareholders	$	3,024			1,583	$	3,030			1,595

Basic net income attributable to PepsiCo per common share	$	1.91				$	1.90

Net income available for PepsiCo common shareholders	$	3,024			1,583	$	3,030			1,595
Dilutive securities:
Stock options and RSUs^(b)		–			21		–			24
ESOP convertible preferred stock		4			1		3			1

Diluted	$	3,028			1,605	$	3,033			1,620

Diluted net income attributable to PepsiCo per common share	$	1.89				$	1.87

^(a)	Weighted-average common shares outstanding (in millions).

^(b)

Options to purchase 10.1 million and 20.7 million shares, respectively, for the 12 and 24 weeks in 2011 were not included in the calculation of earnings per share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $68.88 and $67.35, respectively. Options to purchase 22.9 million and 21.8 million shares, respectively, for the 12 and 24 weeks in 2010 were not included in the calculation of earnings per share because these options were out-of-the-money. Out-of-the-money options for the 12 and 24 weeks in 2010 had average exercise prices of $67.60 and $67.33, respectively.