Attached files
file | filename |
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EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-992017.htm |
EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-992017.htm |
EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-992017.htm |
10-Q - FORM 10-Q - PEPSICO INC | pepsicoq3-10xq992017.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
36 Weeks Ended | ||||||||
9/9/2017 | 9/3/2016 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 7,271 | $ | 6,722 | ||||
Unconsolidated affiliates’ interests, net | (50 | ) | (69 | ) | ||||
Amortization of capitalized interest | 5 | 4 | ||||||
Interest expense (a) | 786 | 748 | ||||||
Interest portion of rent expense (b) | 167 | 161 | ||||||
Earnings available for fixed charges | $ | 8,179 | $ | 7,566 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 786 | $ | 748 | ||||
Capitalized interest | 8 | 6 | ||||||
Interest portion of rent expense (b) | 167 | 161 | ||||||
Total fixed charges | $ | 961 | $ | 915 | ||||
Ratio of Earnings to Fixed Charges (c) | 8.51 | 8.27 |
(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. |