Earnings (Loss) Per Share

6 Months Ended

Mar. 27, 2020

Earnings (Loss) Per Share

Earnings (Loss) Per Share

14. Earnings (Loss) Per Share

The weighted-average number of shares outstanding used in the computations of basic and diluted earnings (loss) per share were as follows:

	For the		For the
	Quarters Ended		Six Months Ended
	March 27,	March 29,	March 27,	March 29,
	2020	2019	2020	2019
	(in millions)
Basic	334	338	334	340
Dilutive impact of share-based compensation arrangements	—	2	—	2
Diluted	334	340	334	342

For the quarter and six months ended March 27, 2020, there were nonvested share awards and options outstanding with underlying exercise prices less than the average market prices of our common shares; however, these were excluded from the calculation of diluted loss per share as inclusion would be antidilutive as a result of our loss during the period. Such shares not included in the computation of diluted loss per share were one million and two million in the quarter and six months ended March 27, 2020, respectively.

The following share options were not included in the computation of diluted earnings (loss) per share because the instruments’ underlying exercise prices were greater than the average market prices of our common shares and inclusion would be antidilutive:

	For the		For the
	Quarters Ended		Six Months Ended
	March 27,	March 29,	March 27,	March 29,
	2020	2019	2020	2019
	(in millions)
Antidilutive share options	3	1	3	1