v3.26.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 21, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table summarizes our total share-based compensation expense, which is primarily recorded in selling, general and administrative expenses:
12 Weeks Ended
3/21/20263/22/2025
Share-based compensation expense – equity awards$93 $77 
Share-based compensation expense – liability awards2 
Restructuring charges1 (1)
Total$96 $80 
Schedule of Share-based Payment Award, PepsiCo, Inc. Long-Term Incentive Plan
The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
12 Weeks Ended
3/21/20263/22/2025
Granted(a)
Weighted-Average Grant Price
Granted(a)
Weighted-Average Grant Price
Stock options0.9 $169.25 1.4 $153.75 
RSUs and PSUs2.4 $169.25 2.1 $153.71 
(a)In millions. All grant activity is disclosed at target.
Schedule Of Weighted-Average Black-Scholes Fair Value Assumptions
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 12 Weeks Ended
 3/21/20263/22/2025
Expected life7 years7 years
Risk-free interest rate3.7 %4.1 %
Expected volatility16 %16 %
Expected dividend yield3.5 %3.4 %