Attached files
| file | filename |
|---|---|
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-3192016.htm |
| EX-10.1 - 2016 PEPSICO ANNUAL LONG-TERM INCENTIVE AWARD - PEPSICO INC | exhibit101formofannuallong.htm |
| EX-10.2 - PEPSICO PENSION EQUALIZATION PLAN - PEPSICO INC | exhibit102pepsicopensioneq.htm |
| EX-10.3 - PEPSICO AUTOMATIC RETIREMENT CONTRIBUTION EQUALIZATION PLAN - PEPSICO INC | exhibit103pepsicoautomatic.htm |
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq1-10xq3192016.htm |
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-3192016.htm |
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-3192016.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
12 Weeks Ended | ||||||||
3/19/2016 | 3/21/2015 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 1,387 | $ | 1,601 | ||||
Unconsolidated affiliates’ interests, net | (42 | ) | (14 | ) | ||||
Amortization of capitalized interest | 1 | 2 | ||||||
Interest expense (a) | 246 | 211 | ||||||
Interest portion of rent expense (b) | 48 | 48 | ||||||
Earnings available for fixed charges | $ | 1,640 | $ | 1,848 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 246 | $ | 211 | ||||
Capitalized interest | 1 | 1 | ||||||
Interest portion of rent expense (b) | 48 | 48 | ||||||
Total fixed charges | $ | 295 | $ | 260 | ||||
Ratio of Earnings to Fixed Charges (c) | 5.56 | 7.11 | ||||||
(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.