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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2016
EARNINGS PER SHARE  
Calculation of basic and diluted EPS

 

 

 

2016

 

2015

 

2014

 

 

 

(in millions, except per-share amounts)

 

Basic EPS calculation

 

 

 

 

 

 

 

Net income (loss)

 

$

279

 

$

(3,554

)

$

(1,434

)

Net loss allocated to participating securities

 

(6

)

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholders

 

$

273

 

$

(3,554

)

$

(1,434

)

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

40.4

 

38.3

 

38.2

 

 

 

 

 

 

 

 

 

Basic EPS

 

$

6.76

 

$

(92.79

)

$

(37.54

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS calculation

 

 

 

 

 

 

 

Net income (loss)

 

$

279

 

$

(3,554

)

$

(1,434

)

Net loss allocated to participating securities

 

(6

)

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to common stockholders

 

$

273

 

$

(3,554

)

$

(1,434

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

40.4

 

38.3

 

38.2

 

Dilutive effect of potentially dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - diluted

 

40.4

 

38.3

 

38.2

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$

6.76

 

$

(92.79

)

$

(37.54

)