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Share-Based Compensation | 3 Months Ended
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Mar. 21, 2020
Share-based Payment Arrangement [Abstract] |
Stock-Based Compensation | Share-Based Compensation The following table summarizes our total share-based compensation expense:
| 12 Weeks Ended
| 3/21/2020 |  |  | 3/23/2019 |
Share-based compensation expense - equity awards | $ | 61 |  |  | $ | 57 |
Share-based compensation expense - liability awards | 3 |  |  | 1 |
Restructuring charges | 1 |  |  | — |
Total (a) | $ | 65 |  |  | $ | 58 |
(a) | Primarily recorded in selling, general and administrative expenses.
The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
| 12 Weeks Ended
| 3/21/2020 |  | 3/23/2019
| Granted(a) |  | Weighted-Average Grant Price |  | Granted(a) |  | Weighted-Average Grant Price
Stock options | 1.6 |  |  | $ | 131.25 |  |  | 1.1 |  |  | $ | 116.00 |
RSUs and PSUs | 2.4 |  |  | $ | 131.28 |  |  | 2.7 |  |  | $ | 115.98 |
(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 $18 million and $15 million during the 12 weeks ended March 21, 2020 and March 23, 2019, respectively. Our weighted-average Black-Scholes fair value assumptions are as follows:
| 12 Weeks Ended
| 3/21/2020 |  |  | 3/23/2019 |
Expected life | 6 years |  |  | 5 years |
Risk-free interest rate | 1.0 | % |  | 2.6 | %
Expected volatility | 14 | % |  | 14 | %
Expected dividend yield | 3.5 | % |  | 3.1 | %

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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