Attached files
| file | filename |
|---|---|
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-6162018.htm |
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-6162018.htm |
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-6162018.htm |
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq2-10xq6162018.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
24 Weeks Ended | ||||||||
6/16/2018 | 6/17/2017 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 4,557 | $ | 4,495 | ||||
Unconsolidated affiliates’ interests, net | (82 | ) | (54 | ) | ||||
Amortization of capitalized interest | 2 | 3 | ||||||
Interest expense (a) | 602 | 517 | ||||||
Interest portion of rent expense (b) | 114 | 109 | ||||||
Earnings available for fixed charges | $ | 5,193 | $ | 5,070 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 602 | $ | 517 | ||||
Capitalized interest | 7 | 6 | ||||||
Interest portion of rent expense (b) | 114 | 109 | ||||||
Total fixed charges | $ | 723 | $ | 632 | ||||
Ratio of Earnings to Fixed Charges (c) | 7.18 | 8.02 | ||||||
(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. |