v2.4.0.6
Net Income Attributable to PepsiCo per Common Share (Tables)
 6 Months Ended
Jun. 16, 2012
Basic And Diluted Net Income Attributable To PepsiCo Per Common Share

The computations of basic and diluted net income attributable to PepsiCo per common share are as follows:

 

     12 Weeks Ended  
     6/16/12      6/11/11  
     Income     Shares(a)      Income     Shares(a)  

Net income attributable to PepsiCo

    $ 1,488         $ 1,885     

Preferred shares:

          

Dividends

      (1 )         (1 )   

Redemption premium

      (2 )         (1 )   
  

 

 

       

 

 

    

Net income available for PepsiCo common shareholders

    $ 1,485        1,563       $ 1,883        1,583   
  

 

 

       

 

 

    

Basic net income attributable to PepsiCo per common share

    $ 0.95         $ 1.19     
  

 

 

       

 

 

    

Net income available for PepsiCo common shareholders

    $ 1,485        1,563       $ 1,883        1,583   

Dilutive securities:

          

Stock options and RSUs(b)

      –        17         –        21   

ESOP convertible preferred stock

      3        1         2        1   
  

 

 

    

 

 

     

 

 

    

 

 

  

Diluted

    $ 1,488        1,581       $ 1,885        1,605   
  

 

 

    

 

 

     

 

 

    

 

 

  

Diluted net income attributable to PepsiCo per common share

    $ 0.94         $ 1.17     
  

 

 

       

 

 

    

 

     24 Weeks Ended  
     6/16/12      6/11/11  
     Income     Shares(a)      Income     Shares(a)  

Net income attributable to PepsiCo

    $ 2,615         $ 3,028     

Preferred shares:

          

Dividends

      (1 )         (1 )   

Redemption premium

      (3 )         (3 )   
  

 

 

       

 

 

    

Net income available for PepsiCo common shareholders

    $ 2,611        1,565       $ 3,024        1,583   
  

 

 

       

 

 

    

Basic net income attributable to PepsiCo per common share

    $ 1.67         $ 1.91     
  

 

 

       

 

 

    

Net income available for PepsiCo common shareholders

    $ 2,611        1,565       $ 3,024        1,583   

Dilutive securities:

          

Stock options and RSUs(b)

      –        17         –        21   

ESOP convertible preferred stock

      4        1         4        1   
  

 

 

    

 

 

     

 

 

    

 

 

  

Diluted

    $ 2,615        1,583       $ 3,028        1,605   
  

 

 

    

 

 

     

 

 

    

 

 

  

Diluted net income attributable to PepsiCo per common share

    $ 1.65         $ 1.89     
  

 

 

       

 

 

    

 

(a) 

Weighted-average common shares outstanding (in millions).

 

(b) 

Options to purchase 10.2 million and 19.9 million shares, respectively, for the 12 and 24 weeks in 2012 were not included in the calculation of earnings per share because these options were out-of-the-money. These out-of-the-money options had average exercise prices of $68.93 and $67.44, respectively. Options to purchase 10.1 million and 20.7 million shares, respectively, for the 12 and 24 weeks in 2011 were not included in the calculation of earnings per share because these options were out-of-the-money. Out-of-the-money options for the 12 and 24 weeks in 2011 had average exercise prices of $68.88 and $67.35, respectively.