Attached files
| file | filename |
|---|---|
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-3252017.htm |
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-3252017.htm |
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-3252017.htm |
| EX-10.1 - PEPSICO EXECUTIVE INCOME DEFERRAL PROGRAM - PEPSICO INC | exhibit101-3252017.htm |
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq1-10xq3252017.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
12 Weeks Ended | ||||||||
3/25/2017 | 3/19/2016 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 1,721 | $ | 1,387 | ||||
Unconsolidated affiliates’ interests, net | (36 | ) | (42 | ) | ||||
Amortization of capitalized interest | 1 | 1 | ||||||
Interest expense (a) | 252 | 246 | ||||||
Interest portion of rent expense (b) | 50 | 48 | ||||||
Earnings available for fixed charges | $ | 1,988 | $ | 1,640 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 252 | $ | 246 | ||||
Capitalized interest | 3 | 1 | ||||||
Interest portion of rent expense (b) | 50 | 48 | ||||||
Total fixed charges | $ | 305 | $ | 295 | ||||
Ratio of Earnings to Fixed Charges (c) | 6.52 | 5.56 | ||||||
(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. |