Attached files
| file | filename |
|---|---|
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-3212015.htm |
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-3212015.htm |
| EX-10.1 - PEPSICO INTERNATIONAL RETIREMENT PLAN DEFINED CONTRIBUTION PROGRAM - PEPSICO INC | exhibit101-3212015.htm |
| EXCEL - IDEA: XBRL DOCUMENT - PEPSICO INC | Financial_Report.xls |
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq1-10xq3212015.htm |
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-3212015.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
12 Weeks Ended | ||||||||
3/21/2015 | 3/22/2014 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 1,601 | $ | 1,616 | ||||
Unconsolidated affiliates’ interests, net | (14 | ) | (32 | ) | ||||
Amortization of capitalized interest | 2 | 1 | ||||||
Interest expense (a) | 211 | 201 | ||||||
Interest portion of rent expense (b) | 48 | 51 | ||||||
Earnings available for fixed charges | $ | 1,848 | $ | 1,837 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 211 | $ | 201 | ||||
Capitalized interest | 1 | 2 | ||||||
Interest portion of rent expense (b) | 48 | 51 | ||||||
Total fixed charges | $ | 260 | $ | 254 | ||||
Ratio of Earnings to Fixed Charges (c) | 7.11 | 7.25 | ||||||
(a) Excludes interest related to our reserves for income taxes as such interest is included in provision for income taxes and includes net amortization of debt premium/discount.
(b) One-third of rent expense is the portion deemed representative of the interest factor.
(c) Based on unrounded amounts.