Net Income (loss) Per Share

12 Months Ended

Dec. 31, 2015

Basic net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted net income (loss) per share by application of the treasury stock method. The calculation of diluted net income (loss) per share excludes all anti-dilutive common shares. The following table sets forth the computation of basic and diluted net income (loss) per share for the periods indicated:



	Year Ended December 31,
	2015			2014			2013
	(In millions, except per share amounts)
Numerator:
Income (loss) from continuing operations	$	1,947		$	(865	)	$	2,067
Income (loss) from discontinued operations, net of income taxes	(222		)	911			789
Net income	$	1,725		$	46		$	2,856
Denominator:
Weighted average shares of common stock - basic	1,208			1,251			1,295
Dilutive effect of equity incentive awards	12			—			18
Weighted average shares of common stock - diluted	1,220			1,251			1,313
Income (loss) per share - basic:
Continuing operations	$	1.61		$	(0.69	)	$	1.60
Discontinued operations	(0.18		)	0.73			0.60
Net income per share - basic	$	1.43		$	0.04		$	2.20
Income (loss) per share - diluted:
Continuing operations	$	1.60		$	(0.69	)	$	1.58
Discontinued operations	(0.18		)	0.73			0.60
Net income per share - diluted	$	1.42		$	0.04		$	2.18
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive	2			54			4