Net Income Attributable to PepsiCo per Common Share

8 Months Ended

Sep. 05, 2015

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
	9/5/2015					9/6/2014
	Income				Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	533		^(b)		$	2,008
Preferred shares:
Dividends	(1		)			—
Redemption premium	(1		)			(3		)
Net income available for PepsiCo common shareholders	$	531			1,467	$	2,005		1,507
Basic net income attributable to PepsiCo per common share	$	0.36				$	1.33
Net income available for PepsiCo common shareholders	$	531			1,467	$	2,005		1,507
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(c)	1				15	—			17
Employee stock ownership plan (ESOP) convertible preferred stock	1				1	3			1
Diluted	$	533			1,483	$	2,008		1,525
Diluted net income attributable to PepsiCo per common share	$	0.36				$	1.32



	36 Weeks Ended
	9/5/2015					9/6/2014
	Income				Shares ^(a)	Income			Shares ^(a)
Net income attributable to PepsiCo	$	3,734		^(b)		$	5,202
Preferred shares:
Dividends	(1		)			—
Redemption premium	(3		)			(6		)
Net income available for PepsiCo common shareholders	$	3,730			1,475	$	5,196		1,515
Basic net income attributable to PepsiCo per common share	$	2.53				$	3.43
Net income available for PepsiCo common shareholders	$	3,730			1,475	$	5,196		1,515
Dilutive securities:
Stock options, RSUs, PSUs, PEPunits and Other^(c)	1				16	—			16
ESOP convertible preferred stock	3				1	6			1
Diluted	$	3,734			1,492	$	5,202		1,532
Diluted net income attributable to PepsiCo per common share	$	2.50				$	3.40


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


(b)	Net income attributable to PepsiCo for the 12 and 36 weeks ended September 5, 2015 includes an after-tax charge of $1.4 billion related to our change in accounting for our investments in our wholly-owned Venezuelan subsidiaries and our beverage joint venture.

(c)

For the 12 weeks ended September 5, 2015, options to purchase 1.5 million shares were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. These out-of-the-money options had an average exercise price of $99.25. For the 12 weeks ended September 6, 2014, the calculation of diluted earnings per common share was unadjusted because there were no out-of-the-money options during the period. For the 36 weeks ended September 5, 2015 and September 6, 2014, options to purchase 1.6 million shares and 0.1 million shares, respectively, were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $99.25 and $82.25 for the 36 weeks ended September 5, 2015 and September 6, 2014, respectively.