Annual report pursuant to Section 13 and 15(d)

Earnings/(Loss) per Share

v3.6.0.2
Earnings/(Loss) per Share
12 Months Ended
Jan. 28, 2017
Earnings Per Share [Abstract]  
Earnings/(Loss) per Share
Earnings/(Loss) per Share
 
Net income/(loss) and shares used to compute basic and diluted EPS are reconciled below:
(in millions, except per share data)
 
2016
 
2015
 
2014
Earnings/(loss)
 
 

 
 

 
 

Net income/(loss)
 
$
1

 
$
(513
)
 
$
(717
)
Shares
 
 
 
 
 
 
Weighted average common shares outstanding (basic shares)
 
308.1

 
305.9

 
305.2

Adjustment for assumed dilution:
 
 
 
 
 
 
Stock options and restricted stock awards
 
4.9

 

 

Weighted average shares assuming dilution (diluted shares)
 
313.0

 
305.9

 
305.2

EPS
 
 
 
 
 
 
Basic
 
$

 
$
(1.68
)
 
$
(2.35
)
Diluted
 
$

 
$
(1.68
)
 
$
(2.35
)

 
The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive:
(Shares in millions)
 
2016
 
2015
 
2014
Stock options, restricted stock awards and a warrant
 
17.8

 
34.1

 
26.8