Attached files
| file | filename |
|---|---|
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-3242018.htm |
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-3242018.htm |
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-3242018.htm |
| EX-10.2 - PEPSICO LONG-TERM INCENTIVE AWARD AGREEMENT - PEPSICO INC | exhibit102-3242018.htm |
| EX-10.1 - PEPSICO ANNUAL LONG-TERM INCENTIVE AWARD AGREEMENT - PEPSICO INC | exhibit101-3242018.htm |
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq1-10xq3242018.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
12 Weeks Ended | ||||||||
3/24/2018 | 3/25/2017 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 1,657 | $ | 1,721 | ||||
Unconsolidated affiliates’ interests, net | (40 | ) | (36 | ) | ||||
Amortization of capitalized interest | 1 | 1 | ||||||
Interest expense (a) | 294 | 252 | ||||||
Interest portion of rent expense (b) | 54 | 50 | ||||||
Earnings available for fixed charges | $ | 1,966 | $ | 1,988 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 294 | $ | 252 | ||||
Capitalized interest | 3 | 3 | ||||||
Interest portion of rent expense (b) | 54 | 50 | ||||||
Total fixed charges | $ | 351 | $ | 305 | ||||
Ratio of Earnings to Fixed Charges (c) | 5.60 | 6.52 | ||||||
(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. |