EARNINGS (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

May 04, 2014

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 months ended May 4, 2014 and May 5, 2013 (in millions, except per share and share data):

	Three Months Ended
	May 4, 2014			May 5, 2013
Income (loss) from continuing operations	$	(1	)	$	(130	)
Income (loss) from discontinued operations, net of tax	(11		)	(1		)
Net income (loss)	$	(12	)	$	(131	)
Weighted average common shares outstanding (in thousands) (1)
Basic & Diluted	192,859			130,578
Basic & Diluted earnings (loss) per share(2):
Income (loss) from continuing operations	$	(0.01	)	$	(1.00	)
Income (loss) from discontinued operations, net of tax	$	(0.06	)	$	(0.01	)
Net income (loss)	$	(0.06	)	$	(1.00	)

(1)	Weighted average common shares outstanding in the three months ended May 4, 2014 reflect the issuance of 61 million shares on July 2, 2013 in connection with 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
	May 4, 2014	May 5, 2013
Stock options	12,901	14,718
Restricted stock & restricted stock units	1,747	—