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Share-Based Compensation | 8 Months Ended
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Sep. 04, 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, general and administrative expenses:
| 12 Weeks Ended |  | 36 Weeks Ended
| 9/4/2021 |  | 9/5/2020 |  | 9/4/2021 |  | 9/5/2020
Share-based compensation expense – equity awards | $ | 71 |  |  | $ | 85 |  |  | $ | 215 |  |  | $ | 186 |
Share-based compensation expense – liability awards | 3 |  |  | 3 |  |  | 7 |  |  | 10 |
Restructuring charges | (1) |  |  | — |  |  | — |  |  | — |
Total | $ | 73 |  |  | $ | 88 |  |  | $ | 222 |  |  | $ | 196 |
The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
| 36 Weeks Ended
| 9/4/2021 |  | 9/5/2020
| Granted(a) |  | Weighted-Average Grant Price |  | Granted(a) |  | Weighted-Average Grant Price
Stock options | 2.0 |  |  | $ | 133.23 |  |  | 1.8 |  |  | $ | 131.45 |
RSUs and PSUs | 2.6 |  |  | $ | 131.28 |  |  | 2.5 |  |  | $ | 131.18 |
(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 $19 million during the 36 weeks ended September 4, 2021 and September 5, 2020, respectively. For the 12 weeks ended September 4, 2021 and September 5, 2020, our grants of stock options, RSUs, PSUs and long-term cash awards were nominal. Our weighted-average Black-Scholes fair value assumptions are as follows:
| 36 Weeks Ended
| 9/4/2021 |  | 9/5/2020
Expected life | 7 years |  | 6 years
Risk-free interest rate | 1.1 | % |  | 0.9 | %
Expected volatility | 14 | % |  | 14 | %
Expected dividend yield | 3.1 | % |  | 3.4 | %

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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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