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Share-Based Compensation | 8 Months Ended
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Sep. 03, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-Based Compensation | Share-Based Compensation Beginning in 2016, certain executive officers and other senior executives were granted long-term cash awards for which final payout is based on PepsiCo’s Total Shareholder Return relative to a specific set of peer companies and achievement of a specified performance target over a three-year performance period. These qualify as liability awards under share-based compensation guidance and are valued through the end of the performance period on a mark-to-market basis using a Monte Carlo simulation model until actual performance is determined. The following table summarizes our total share-based compensation expense:
|  | 12 Weeks Ended |  | 36 Weeks Ended
|  | 9/3/2016 |  |  | 9/5/2015 |  |  | 9/3/2016 |  |  | 9/5/2015 |
Share-based compensation expense - equity awards |  | $ | 67 |  |  | $ | 64 |  |  | $ | 190 |  |  | $ | 208 |
Share-based compensation expense - liability awards |  | 1 |  |  | — |  |  | 4 |  |  | — |
Restructuring and impairment charges |  | 1 |  |  | 1 |  |  | 3 |  |  | 2 |
Total |  | $ | 69 |  |  | $ | 65 |  |  | $ | 197 |  |  | $ | 210 |
For the 12 weeks ended September 3, 2016 and September 5, 2015, our grants of stock options, restricted stock units (RSUs), performance stock units (PSUs), PepsiCo equity performance units (PEPunits) and long-term cash awards were nominal. The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan (previously named the 2007 Long-Term Incentive Plan):
|  | 36 Weeks Ended
|  | 9/3/2016 |  | 9/5/2015
|  | Granted (a) |  | Weighted-Average Grant Price |  | Granted (a) |  | Weighted-Average Grant Price
Stock options |  | 1.6 |  |  | $ | 99.51 |  |  | 1.8 |  |  | $ | 98.76 |
RSUs and PSUs |  | 3.0 |  |  | $ | 98.87 |  |  | 2.7 |  |  | $ | 99.15 |
PEPunits |  | — |  |  | $ | — |  |  | 0.3 |  |  | $ | 99.25 |
(a) | In millions. All grant activity is disclosed at target.
We granted long-term cash awards to certain executive officers and other senior executives with an aggregate target value of $17 million during the 36 weeks ended September 3, 2016. Our weighted-average Black-Scholes fair value assumptions are as follows:
| 36 Weeks Ended
| 9/3/2016 |  |  | 9/5/2015 |
Expected life | 6 years |  |  | 7 years |
Risk-free interest rate | 1.4 | % |  | 1.8 | %
Expected volatility | 12 | % |  | 15 | %
Expected dividend yield | 2.7 | % |  | 2.7 | %

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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