Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share

Earnings (Loss) Per Share

Note 9—Earnings (Loss) Per Share

The numerator and denominator used for the computation of basic and diluted per share earnings from continuing operations were as follows (in millions, except per share data):

	Years ended December 31,
	2016				2015				2014
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Numerator for earnings (loss) per share
Income (loss) from continuing operations attributable to controlling interest	$	778	$	778	$	865	$	865	$	(1,839)	$	(1,839)
Undistributed earnings allocable to participating securities		(14)		(14)		(8)		(8)		—		—
Income (loss) from continuing operations available to shareholders	$	764	$	764	$	857	$	857	$	(1,839)	$	(1,839)
Denominator for earnings (loss) per share
Weighted-average shares outstanding		367		367		363		363		362		362
Effect of stock options and other share-based awards		—		—		—		—		—		—
Weighted-average shares for per share calculation		367		367		363		363		362		362
Per share earnings (loss) from continuing operations	$	2.08	$	2.08	$	2.36	$	2.36	$	(5.02)	$	(5.02)

In the years ended December 31, 2016, 2015 and 2014, we excluded from the calculation 2.5 million, 3.3 million and 2.5 million share‑based awards, respectively, since the effect would have been anti‑dilutive.