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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2015
EARNINGS PER SHARE  
Calculation of basic and diluted EPS

 

 

Three months ended
June 30,

 

Six months ended
June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(in millions, except per-share amounts)

 

Basic EPS calculation

 

 

 

 

 

 

 

 

 

Net income / (loss)

 

$

(68

)

$

246

 

$

(168

)

$

469

 

Net income / (loss) allocated to participating securities

 

 

(4

)

 

(8

)

 

 

 

 

 

 

 

 

 

 

Net income / (loss) available to common stockholders

 

$

(68

)

$

242

 

$

(168

)

$

461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

382.7

 

381.8

 

382.4

 

381.8

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$

(0.18

)

$

0.63

 

$

(0.44

)

$

1.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS calculation

 

 

 

 

 

 

 

 

 

Net income / (loss)

 

$

(68

)

$

246

 

$

(168

)

$

469

 

Net income / (loss) allocated to participating securities

 

 

(4

)

 

(8

)

 

 

 

 

 

 

 

 

 

 

Net income / (loss) available to common stockholders

 

$

(68

)

$

242

 

$

(168

)

$

461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

382.7

 

381.8

 

382.4

 

381.8

 

Dilutive effect of potentially dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - diluted

 

382.7

 

381.8

 

382.4

 

381.8

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$

(0.18

)

$

0.63

 

$

(0.44

)

$

1.21