Earnings Per Share (EPS) (Tables)

9 Months Ended

Nov. 01, 2013

Reconciliation of Income used in Calculating Earnings Per Share

A reconciliation of the income used to compute basic and diluted EPS for the periods presented was as follows:

	Three Months Ended						Nine Months Ended
	November 1, 2013			October 31, 2012			November 1, 2013			October 31, 2012
	(in millions)
Basic EPS:
(Loss) income from continuing operations, as reported	$	(9	)	$	55		$	29		$	165
Less: allocation of distributed and undistributed earnings to participating securities	—			—			(3		)	(3		)
(Loss) income from continuing operations, for computing basic EPS	$	(9	)	$	55		$	26		$	162
Net income, as reported	$	(3	)	$	112		$	120		$	339
Less: allocation of distributed and undistributed earnings to participating securities	—			(2		)	(3		)	(7		)
Net income, for computing basic EPS	$	(3	)	$	110		$	117		$	332
Diluted EPS:
(Loss) income from continuing operations, as reported	(9		)	55			29			165
Less: allocation of distributed and undistributed earnings to participating securities	—			—			(3		)	(3		)
(Loss) income from continuing operations, for computing diluted EPS	$	(9	)	$	55		$	26		$	162
Net income, as reported	$	(3	)	$	112		$	120		$	339
Less: allocation of distributed and undistributed earnings to participating securities	—			(2		)	(3		)	(7		)
Net income, for computing diluted EPS	$	(3	)	$	110		$	117		$	332

Reconciliation of Weighted Average Number of Shares Outstanding

The following table provides a reconciliation of the weighted average number of shares outstanding used to compute basic and diluted EPS for the periods presented. The presentation gives effect to the one-for-four reverse stock split which occurred after market close on September 27, 2013.

	Three Months Ended		Nine Months Ended
	November 1, 2013	October 31, 2012	November 1, 2013	October 31, 2012
	(in millions)
Basic weighted average number of shares outstanding	84	83	84	83
Dilutive common share equivalents—stock options and other stock awards	—	—	—	—
Diluted weighted average number of shares outstanding	84	83	84	83

Schedule of Stock-Based Awards Excluded from Weighted Average Shares Outstanding

The following anti-dilutive stock-based awards were excluded from the weighted average number of shares outstanding used to compute basic and diluted EPS for the periods presented:

	Three Months Ended		Nine Months Ended
	November 1, 2013	October 31, 2012	November 1, 2013	October 31, 2012
	(in millions)
Stock options	5	5	5	5
Vesting stock awards	4	—	4	—