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Share-Based Compensation
 6 Months Ended
Jun. 13, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Share-Based Compensation
The following table summarizes our total share-based compensation expense:
 
12 Weeks Ended
 
24 Weeks Ended
 
6/13/2020

 
6/15/2019

 
6/13/2020

 
6/15/2019

Share-based compensation expense - equity awards
$
40

 
$
61

 
$
101

 
$
118

Share-based compensation expense - liability awards
4

 
3

 
7

 
4

Restructuring charges
(1
)
 
1

 
—

 
1

Total (a)
$
43

 
$
65

 
$
108

 
$
123


(a)
Primarily recorded in selling, general and administrative expenses.


The following table summarizes share-based awards granted under the terms of the PepsiCo, Inc. Long-Term Incentive Plan:
 
24 Weeks Ended
 
6/13/2020
 
6/15/2019
 
Granted(a)
 
Weighted-Average Grant Price
 
Granted(a)
 
Weighted-Average Grant Price
Stock options
1.6

 
$
131.25

 
1.1

 
$
116.00

RSUs and PSUs
2.5

 
$
131.20

 
2.7

 
$
116.03

(a)
In millions. All grant activity is disclosed at target.

For the 12 weeks ended June 13, 2020 and June 15, 2019, our grants of stock options, RSUs, PSUs and long-term cash awards were nominal.
We granted long-term cash awards to certain executive officers and other senior executives with an aggregate target value of $18 million and $16 million during the 24 weeks ended June 13, 2020 and June 15, 2019, respectively.
Our weighted-average Black-Scholes fair value assumptions are as follows: 
 
24 Weeks Ended
 
6/13/2020

 
6/15/2019

Expected life
6 years

 
5 years

Risk-free interest rate
1.0
%
 
2.6
%
Expected volatility
14
%
 
14
%
Expected dividend yield
3.5
%
 
3.1
%