Attached files
| file | filename |
|---|---|
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31.htm |
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15.htm |
| EXCEL - IDEA: XBRL DOCUMENT - PEPSICO INC | Financial_Report.xls |
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq3-10xq962014.htm |
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
36 Weeks Ended | ||||||||
9/6/2014 | 9/7/2013 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 6,976 | $ | 6,727 | ||||
Unconsolidated affiliates’ interests, net | (100 | ) | (30 | ) | ||||
Amortization of capitalized interest | 4 | 4 | ||||||
Interest expense (a) | 625 | 642 | ||||||
Interest portion of rent expense (b) | 157 | 142 | ||||||
Earnings available for fixed charges | $ | 7,662 | $ | 7,485 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 625 | $ | 642 | ||||
Capitalized interest | 5 | 4 | ||||||
Interest portion of rent expense (b) | 157 | 142 | ||||||
Total fixed charges | $ | 787 | $ | 788 | ||||
Ratio of Earnings to Fixed Charges (c) | 9.73 | 9.50 | ||||||
(a) Excludes interest related to our reserves for income taxes as such interest is included in provision for income taxes.
(b) One-third of rent expense is the portion deemed representative of the interest factor.
(c) Based on unrounded amounts.