

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
	9/8/2012				9/3/2011
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	1,902			$	2,000
Preferred shares:
Dividends	—				—
Redemption premium	(1		)		(1		)
Net income available for PepsiCo common shareholders	$	1,901		1,556	$	1,999		1,578
Basic net income attributable to PepsiCo per common share	$	1.22			$	1.27
Net income available for PepsiCo common shareholders	$	1,901		1,556	$	1,999		1,578
Dilutive securities:
Stock options and RSUs^(b)	—			18	—			20
ESOP convertible preferred stock	1			1	1			1
Diluted	$	1,902		1,575	$	2,000		1,599
Diluted net income attributable to PepsiCo per common share	$	1.21			$	1.25



	36 Weeks Ended
	9/8/2012				9/3/2011
	Income			Shares^(a)	Income			Shares^(a)
Net income attributable to PepsiCo	$	4,517			$	5,028
Preferred shares:
Dividends	(1		)		(1		)
Redemption premium	(4		)		(4		)
Net income available for PepsiCo common shareholders	$	4,512		1,562	$	5,023		1,581
Basic net income attributable to PepsiCo per common share	$	2.89			$	3.18
Net income available for PepsiCo common shareholders	$	4,512		1,562	$	5,023		1,581
Dilutive securities:
Stock options and RSUs^(b)	—			17	—			21
ESOP convertible preferred stock	5			1	5			1
Diluted	$	4,517		1,580	$	5,028		1,603
Diluted net income attributable to PepsiCo per common share	$	2.86			$	3.14


(a)	Weighted-average common shares outstanding (in millions).

(b)

Options to purchase 0.6 million and 13.5 million shares, respectively, for the 12 and 36 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 $72.26 and $67.51, respectively. Options to purchase 22.1 million and 21.2 million shares, respectively, for the 12 and 36 weeks in 2011 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 $67.67 and $67.46, respectively.