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Net Income Attributable To PepsiCo Per Common Share
 9 Months Ended
Sep. 03, 2011
Net Income Attributable To PepsiCo Per Common Share  
Net Income Attributable To PepsiCo Per Common Share

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  
     9/3/11      9/4/10  
     Income      Shares(a)      Income      Shares(a)  

Net income attributable to PepsiCo

      $2,000            $1,922      

Preferred shares:

            

Dividends

        –              –      

Redemption premium

      (1)            –      
  

 

 

        

 

 

     

Net income available for PepsiCo common shareholders

      $1,999         1,578         $1,922         1,588   
  

 

 

        

 

 

     

Basic net income attributable to PepsiCo per common share

      $1.27            $1.21      
  

 

 

        

 

 

     

Net income available for PepsiCo common shareholders

      $1,999         1,578         $1,922         1,588   

Dilutive securities:

            

Stock options and RSUs(b)

     –         20         –         23   

ESOP convertible preferred stock

      1         1         –         1   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

      $2,000         1,599         $1,922         1,612   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted net income attributable to PepsiCo per common share

      $1.25            $1.19      
  

 

 

        

 

 

     
     36 Weeks Ended  
     9/3/11      9/4/10  
     Income     Shares(a)      Income     Shares(a)  

Net income attributable to PepsiCo

    $ 5,028         $ 4,955     

Preferred shares:

          

Dividends

      (1 )         (1 )   

Redemption premium

      (4 )         (2 )   
  

 

 

       

 

 

    

Net income available for PepsiCo common shareholders

    $ 5,023        1,581       $ 4,952        1,593   
  

 

 

       

 

 

    

Basic net income attributable to PepsiCo per common share

    $ 3.18         $ 3.11     
  

 

 

       

 

 

    

Net income available for PepsiCo common shareholders

    $ 5,023        1,581       $ 4,952        1,593   

Dilutive securities:

          

Stock options and RSUs(b)

     –        21         –        24   

ESOP convertible preferred stock

      5        1         3        1   
  

 

 

    

 

 

     

 

 

    

 

 

  

Diluted

    $ 5,028        1,603       $ 4,955        1,618   
  

 

 

    

 

 

     

 

 

    

 

 

  

Diluted net income attributable to PepsiCo per common share

    $ 3.14         $ 3.06     
  

 

 

       

 

 

    

 

(a) 

Weighted-average common shares outstanding (in millions).

 

(b)

Options to purchase 22.1 million and 21.2 million shares, respectively, for the 12 and 36 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 $67.67 and $67.46, respectively. Options to purchase 31.9 million and 25.1 million shares, respectively, for the 12 and 36 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 36 weeks in 2010 had average exercise prices of $66.85 and $67.13, respectively.