Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq2-10xq6112016.htm |
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-6112016.htm |
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-6112016.htm |
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-6112016.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
24 Weeks Ended | ||||||||
6/11/2016 | 6/13/2015 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 4,118 | $ | 4,298 | ||||
Unconsolidated affiliates’ interests, net | (78 | ) | (37 | ) | ||||
Amortization of capitalized interest | 3 | 3 | ||||||
Interest expense (a) | 501 | 428 | ||||||
Interest portion of rent expense (b) | 106 | 107 | ||||||
Earnings available for fixed charges | $ | 4,650 | $ | 4,799 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 501 | $ | 428 | ||||
Capitalized interest | 4 | 3 | ||||||
Interest portion of rent expense (b) | 106 | 107 | ||||||
Total fixed charges | $ | 611 | $ | 538 | ||||
Ratio of Earnings to Fixed Charges (c) | 7.61 | 8.92 | ||||||
(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. |