EARNINGS (LOSS) PER COMMON SHARE (Tables)

9 Months Ended

Nov. 03, 2013

EARNINGS (LOSS) PER COMMON SHARE

Schedule of computation of basic and diluted earnings (loss) per share of common stock

The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock for the three and nine months ended November 3, 2013 and October 28, 2012 (in millions, except per share and share data):

	Three Months Ended					Nine Months Ended
	November 3, 2013		October 28, 2012			November 3, 2013			October 28, 2012
Income (loss) from continuing operations	$	51	$	(53	)	$	(152	)	$	(485	)
Income (loss) from discontinued operations, net of tax	—		3			—			19
Net income (loss)	$	51	$	(50	)	$	(152	)	$	(466	)
Weighted average common shares outstanding (in thousands) (1)
Basic	191,750		130,555			158,587			130,555
Diluted	197,392		130,555			158,587			130,555
Basic earnings (loss) per share(2):
Income (loss) from continuing operations	$	0.27	$	(0.41	)	$	(0.96	)	$	(3.71	)
Income (loss) from discontinued operations, net of tax	—		0.02			—			0.15
Net income (loss)	$	0.27	$	(0.38	)	$	(0.96	)	$	(3.57	)
Diluted earnings (loss) per share(2):
Income (loss) from continuing operations	$	0.26	$	(0.41	)	$	(0.96	)	$	(3.71	)
Income (loss) from discontinued operations, net of tax	—		0.02			—			0.15
Net income (loss)	$	0.26	$	(0.38	)	$	(0.96	)	$	(3.57	)

(1) Weighted average common shares outstanding in fiscal 2013 reflect 130.6 million shares outstanding on February 3, 2013 and the issuance of 61 million shares on July 2, 2013 for Holdings’ initial public offering.

(2) May not foot due to rounding.

Schedule of anti-dilutive securities

The following table provides the securities that could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive (in thousands):

	Three Months Ended		Nine Months Ended
	November 3, 2013	October 28, 2012	November 3, 2013	October 28, 2012
Stock options	898	14,652	15,122	14,521
Restricted stock & restricted stock units	—	—	236	—