Attached files
| file | filename |
|---|---|
| EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-6172017.htm |
| 10-Q - FORM 10-Q - PEPSICO INC | pepsicoq2-10xq6172017.htm |
| EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-6172017.htm |
| EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-6172017.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
24 Weeks Ended | ||||||||
6/17/2017 | 6/11/2016 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 4,495 | $ | 4,118 | ||||
Unconsolidated affiliates’ interests, net | (54 | ) | (78 | ) | ||||
Amortization of capitalized interest | 3 | 3 | ||||||
Interest expense (a) | 517 | 501 | ||||||
Interest portion of rent expense (b) | 109 | 106 | ||||||
Earnings available for fixed charges | $ | 5,070 | $ | 4,650 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 517 | $ | 501 | ||||
Capitalized interest | 6 | 4 | ||||||
Interest portion of rent expense (b) | 109 | 106 | ||||||
Total fixed charges | $ | 632 | $ | 611 | ||||
Ratio of Earnings to Fixed Charges (c) | 8.02 | 7.61 | ||||||
(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. |