Attached files
file | filename |
---|---|
EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - PEPSICO INC | exhibit32-982018.htm |
10-Q - FORM 10-Q - PEPSICO INC | pepsicoq3-10xq982018.htm |
EX-31 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 302 - PEPSICO INC | exhibit31-982018.htm |
EX-15 - LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION - PEPSICO INC | exhibit15-982018.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
PepsiCo, Inc. and Subsidiaries
(in millions except ratio amounts, unaudited)
36 Weeks Ended | ||||||||
9/8/2018 | 9/9/2017 | |||||||
Earnings: | ||||||||
Income before income taxes | $ | 7,254 | $ | 7,271 | ||||
Unconsolidated affiliates’ interests, net | (57 | ) | (50 | ) | ||||
Amortization of capitalized interest | 4 | 5 | ||||||
Interest expense (a) | 904 | 786 | ||||||
Interest portion of rent expense (b) | 174 | 167 | ||||||
Earnings available for fixed charges | $ | 8,279 | $ | 8,179 | ||||
Fixed Charges: | ||||||||
Interest expense (a) | $ | 904 | $ | 786 | ||||
Capitalized interest | 10 | 8 | ||||||
Interest portion of rent expense (b) | 174 | 167 | ||||||
Total fixed charges | $ | 1,088 | $ | 961 | ||||
Ratio of Earnings to Fixed Charges (c) | 7.61 | 8.51 |
(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. |