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Share-Based Compensation | 3 Months Ended
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Mar. 20, 2021
Share-based Payment Arrangement [Abstract] |
Stock-Based Compensation | Share-Based Compensation The following table summarizes our total share-based compensation expense, which is primarily recorded in selling and general and administrative expenses:
|  |  | 12 Weeks Ended
|  |  |  |  | 3/20/2021 |  | 3/21/2020
Share-based compensation expense - equity awards |  |  |  |  | $ | 79 |  |  | $ | 61 |
Share-based compensation expense - liability awards |  |  |  |  | 4 |  |  | 3 |
Restructuring charges |  |  |  |  | 1 |  |  | 1 |
Total |  |  |  |  | $ | 84 |  |  | $ | 65 |
The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
| 12 Weeks Ended
| 3/20/2021 |  | 3/21/2020
| Granted(a) |  | Weighted-Average Grant Price |  | Granted(a) |  | Weighted-Average Grant Price
Stock options | 1.8 |  |  | $ | 131.25 |  |  | 1.6 |  |  | $ | 131.25 |
RSUs and PSUs | 2.6 |  |  | $ | 131.25 |  |  | 2.4 |  |  | $ | 131.28 |
(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 and $18 million during the 12 weeks ended March 20, 2021 and March 21, 2020, respectively. Our weighted-average Black-Scholes fair value assumptions are as follows:
| 12 Weeks Ended
| 3/20/2021 |  | 3/21/2020
Expected life | 7 years |  | 6 years
Risk-free interest rate | 1.1 | % |  | 1.0 | %
Expected volatility | 14 | % |  | 14 | %
Expected dividend yield | 3.1 | % |  | 3.5 | %

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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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