Quarterly report pursuant to Section 13 or 15(d)

Earnings/(Loss) per Share

v3.5.0.2
Earnings/(Loss) per Share
6 Months Ended
Jul. 30, 2016
Earnings Per Share [Abstract]  
Earnings/(Loss) per Share
Earnings/(Loss) per Share
Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below:
 
 
Three Months Ended
 
Six Months Ended
(in millions, except per share data)
July 30,
2016
 
August 1,
2015
 
July 30,
2016
 
August 1,
2015
Earnings/(loss)
 
 
 
 
 
 
 
Net income/(loss)
$
(56
)
 
$
(117
)
 
$
(124
)
 
$
(267
)
Shares
 
 
 
 
 
 
 
Weighted average common shares outstanding (basic shares)
308.0


305.9

 
307.6

 
305.7

Adjustment for assumed dilution:
 
 
 
 
 
 
 
Stock options, restricted stock awards and warrant

 

 

 

Weighted average shares assuming dilution (diluted shares)
308.0

 
305.9

 
307.6

 
305.7

EPS
 
 
 
 
 
 
 
Basic
$
(0.18
)
 
$
(0.38
)
 
$
(0.40
)
 
$
(0.87
)
Diluted
$
(0.18
)
 
$
(0.38
)
 
$
(0.40
)
 
$
(0.87
)
The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive:
 
 
Three Months Ended
 
Six Months Ended
(Shares in millions)
July 30,
2016
 
August 1,
2015
 
July 30,
2016
 
August 1,
2015
Stock options, restricted stock awards and warrant
34.8

 
34.6

 
35.0

 
33.2