Earnings (Loss) Per Share

9 Months Ended

Jun. 26, 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		Nine Months Ended
	June 26,	June 28,	June 26,	June 28,
	2020	2019	2020	2019
	(in millions)
Basic	330	337	333	339
Dilutive impact of share-based compensation arrangements	—	2	—	2
Diluted	330	339	333	341

For both the quarter and nine months ended June 26, 2020, there were one million 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.

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		Nine Months Ended
	June 26,	June 28,	June 26,	June 28,
	2020	2019	2020	2019
	(in millions)
Antidilutive share options	4	1	3	1