INCOME (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE

The following table sets forth the computation of basic and diluted income (loss) per common share attributable to Federal-Mogul:

	Three Months Ended				Six Months Ended
	June 30				June 30
	2016		2015		2016		2015
Amounts attributable to Federal-Mogul:
Net income (loss) from continuing operations	$	31	$	15	$	66	$	4
Gain from discontinued operations, net of income tax	—		7		—		7
Net income (loss)	$	31	$	22	$	66	$	11
Weighted average shares outstanding, basic and diluted (in millions)	169.0		169.0		169.0		160.2
Net income (loss) per common share attributable to Federal-Mogul
Basic and diluted:
Net income (loss) from continuing operations	$	0.18	$	0.09	$	0.39	$	0.03
Gain from discontinued operations, net of income tax	—		0.04		—		0.04
Net income (loss)	$	0.18	$	0.13	$	0.39	$	0.07