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Net Income Attributable to PepsiCo per Common Share
 12 Months Ended
Dec. 26, 2015
Earnings Per Share [Abstract]  
Net Income Attributable To PepsiCo Per Common Share
Net Income Attributable to PepsiCo per Common Share
Basic net income attributable to PepsiCo per common share is net income available for PepsiCo common shareholders divided by the weighted average of common shares outstanding during the period. Diluted net income attributable to PepsiCo per common share is calculated using the weighted average of common shares outstanding adjusted to include the effect that would occur if in-the-money employee stock options were exercised and RSUs, PSUs, PEPunits and preferred shares were converted into common shares. Options to purchase 1.5 million shares in 2015 and 0.6 million shares in 2013 were not included in the calculation of diluted earnings per common share because these options were out-of-the-money. Out-of-the-money options during 2014 were nominal. These out-of-the-money options had average exercise prices of $99.25 in 2015, $82.25 in 2014 and $75.69 in 2013.
The computations of basic and diluted net income attributable to PepsiCo per common share are as follows: 
 
2015
 
2014
 
2013
 
Income
 
Shares(a)
 
Income
 
Shares(a)
 
Income
 
Shares(a)
Net income attributable to PepsiCo
$
5,452

 
 
 
$
6,513

 
 
 
$
6,740

 
 
Preferred shares:
 
 
 
 
 
 
 
 
 
 
 
Dividends
(1
)
 
 
 
(1
)
 
 
 
(1
)
 
 
Redemption premium
(5
)
 
 
 
(9
)
 
 
 
(7
)
 
 
Net income available for PepsiCo
   common shareholders
$
5,446

 
1,469

 
$
6,503

 
1,509

 
$
6,732

 
1,541

Basic net income attributable to
   PepsiCo per common share
$
3.71

 
 
 
$
4.31

 
 
 
$
4.37

 
 
Net income available for PepsiCo
   common shareholders
$
5,446

 
1,469

 
$
6,503

 
1,509

 
$
6,732

 
1,541

Dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options, RSUs, PSUs, PEPunits and Other
—

 
15

 
—

 
17

 
—

 
18

ESOP convertible preferred stock
6

 
1

 
10

 
1

 
8

 
1

Diluted
$
5,452

 
1,485

 
$
6,513

 
1,527

 
$
6,740

 
1,560

Diluted net income attributable to
   PepsiCo per common share
$
3.67

 
 
 
$
4.27

 
 
 
$
4.32

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