Pepsi 2015 Annual Report Download - page 95
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Table of Contents
78
Consolidated Statement of Equity
PepsiCo, Inc. and Subsidiaries
Fiscal years ended December 26, 2015, December 27, 2014 and December 28, 2013
(in millions)
2015 2014 2013
Shares Amount Shares Amount Shares Amount
Preferred Stock 0.8 $ 41 0.8 $ 41 0.8 $ 41
Repurchased Preferred Stock
Balance, beginning of year (0.7) (181) (0.6) (171) (0.6) (164)
Redemptions — (5) (0.1) (10) — (7)
Balance, end of year (0.7) (186) (0.7) (181) (0.6) (171)
Common Stock
Balance, beginning of year 1,488 25 1,529 25 1,544 26
Repurchased common stock (40) (1) (41) — (15) (1)
Balance, end of year 1,448 24 1,488 25 1,529 25
Capital in Excess of Par Value
Balance, beginning of year 4,115 4,095 4,178
Share-based compensation expense 299 294 303
Stock option exercises, RSUs, PSUs and PEPunits
converted (a) (182) (200) (287)
Withholding tax on RSUs, PSUs and PEPunits
converted (151) (91) (87)
Other (5) 17 (12)
Balance, end of year 4,076 4,115 4,095
Retained Earnings
Balance, beginning of year 49,092 46,420 43,158
Net income attributable to PepsiCo 5,452 6,513 6,740
Cash dividends declared - common (4,071) (3,840) (3,477)
Cash dividends declared - preferred (1) (1) (1)
Balance, end of year 50,472 49,092 46,420
Accumulated Other Comprehensive Loss
Balance, beginning of year (10,669) (5,127) (5,487)
Other comprehensive (loss)/income attributable to
PepsiCo (2,650) (5,542) 360
Balance, end of year (13,319) (10,669) (5,127)
Repurchased Common Stock
Balance, beginning of year (378) (24,985) (337) (21,004) (322) (19,458)
Share repurchases (52) (4,999) (57) (5,012) (37) (3,000)
Stock option exercises, RSUs, PSUs and PEPunits
converted 12 794 15 1,030 22 1,451
Other —511—3
Balance, end of year (418) (29,185) (378) (24,985) (337) (21,004)
Total PepsiCo Common Shareholders’ Equity 12,068 17,578 24,409
Noncontrolling Interests
Balance, beginning of year 110 110 105
Net income attributable to noncontrolling interests 49 45 47
Distributions to noncontrolling interests (48) (41) (34)
Currency translation adjustment (2) (2) (2)
Acquisitions and divestitures —— (6)
Other, net (2) (2) —
Balance, end of year 107 110 110
Total Equity $ 12,030 $ 17,548 $ 24,389
(a) Includes total tax benefits of $107 million in 2015, $74 million in 2014 and $45 million in 2013.
See accompanying notes to the consolidated financial statements.