Attached files

file filename
EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INCexhibit15-6132015.htm
EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INCexhibit31-6132015.htm
XML - IDEA: XBRL DOCUMENT - PEPSICO INCR9999.htm
10-Q - FORM 10-Q - PEPSICO INCpepsicoq2-10xq6132015.htm
EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INCexhibit32-6132015.htm


EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
 
 
24 Weeks Ended
 
  
6/13/15

 
6/14/14

Earnings:
  
 
 
 
Income before income taxes
  
$
4,298

 
$
4,321

Unconsolidated affiliates’ interests, net
  
(37
)
 
(75
)
Amortization of capitalized interest
  
3

 
3

Interest expense (a)
  
428

 
410

Interest portion of rent expense (b)
  
107

 
104

Earnings available for fixed charges
  
$
4,799

 
$
4,763

 
  
 

 
 

Fixed Charges:
  
 
Interest expense (a)
  
$
428

 
$
410

Capitalized interest
  
3

 
4

Interest portion of rent expense (b)
  
107

 
104

Total fixed charges
  
$
538

 
$
518

 
 
 
 
 
Ratio of Earnings to Fixed Charges (c)
  
8.92

 
9.19

(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.