Net Income Attributable to PepsiCo per Common Share

6 Months Ended

Jun. 13, 2020

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



	12 Weeks Ended
	6/13/2020			6/15/2019
	Income		Shares^(a)	Income		Shares^(a)
Basic net income attributable to PepsiCo per common share	$	1.19		$	1.45
Net income available for PepsiCo common shareholders	$	1,646	1,387	$	2,035	1,401
Dilutive securities:
Stock options, RSUs, PSUs and other ^(b)	—		6	—		8
Diluted	$	1,646	1,393	$	2,035	1,409
Diluted net income attributable to PepsiCo per common share	$	1.18		$	1.44



	24 Weeks Ended
	6/13/2020			6/15/2019
	Income		Shares^(a)	Income		Shares^(a)
Basic net income attributable to PepsiCo per common share	$	2.15		$	2.46
Net income available for PepsiCo common shareholders	$	2,984	1,389	$	3,448	1,403
Dilutive securities:
Stock options, RSUs, PSUs and other ^(b)	—		6	—		8
Diluted	$	2,984	1,395	$	3,448	1,411
Diluted net income attributable to PepsiCo per common share	$	2.14		$	2.44


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


(b)	The dilutive effect of these securities is calculated using the treasury stock method.

Out-of-the-money options excluded from the calculation of diluted earnings per common share are as follows:



	12 Weeks Ended				24 Weeks Ended
	6/13/2020		6/15/2019		6/13/2020		6/15/2019
Out-of-the-money options ^(a)	1.7		—		0.8		0.6
Average exercise price per option	$	131.53	$	—	$	131.53	$	115.98

(a)

In millions.