Quarterly report pursuant to Section 13 or 15(d)

Earnings/(Loss) per Share

v2.4.0.8
Earnings/(Loss) per Share
9 Months Ended
Nov. 02, 2013
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
 
Nine Months Ended
(in millions, except per share data)
November 2,
2013
 
October 27,
2012
 
November 2,
2013
 
October 27,
2012
Earnings/(loss)
 
 
 
 
 
 
 
Net income/(loss)
$
(489
)
 
$
(123
)
 
$
(1,423
)
 
$
(433
)
Shares
 
 
 
 
 
 
 
Weighted average common shares outstanding (basic shares)
251.8

(1) 
219.4

 
230.8

(1) 
219.1

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

 

 

 

Weighted average shares assuming dilution (diluted shares)
251.8

 
219.4

 
230.8

 
219.1

EPS
 
 
 
 
 
 
 
Basic
$
(1.94
)
 
$
(0.56
)
 
$
(6.17
)
 
$
(1.98
)
Diluted
$
(1.94
)
 
$
(0.56
)
 
$
(6.17
)
 
$
(1.98
)
(1) On October 1, 2013, we issued 84 million shares of common stock with a par value of $0.50 per share.
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
 
Nine Months Ended
(Shares in millions)
November 2,
2013
 
October 27,
2012
 
November 2,
2013
 
October 27,
2012
Stock options, restricted stock awards and warrant
23.9

 
25.0

 
24.6

 
25.3