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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
 Earnings (Loss) Per Share
The following table sets forth the computations of basic and diluted earnings (loss) per share (in millions, except per share data):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Net earnings (loss)—numerator for basic earnings (loss) per share
$
(241
)
 
$
(286
)
 
$
(1,900
)
 
$
(722
)
Interest on senior convertible notes
—

 
—

 
—

 
—

Net earnings (loss) adjusted for interest on senior convertible notes
$
(241
)
 
$
(286
)
 
$
(1,900
)
 
$
(722
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings (loss) per share – weighted-average shares
335

 
335

 
335

 
334

Effect of dilutive securities:
 
 
 
 
 
 
 
Senior convertible notes
—

 
—

 
—

 
—

Employee options and shares
—

 
—

 
—

 
—

Assumed treasury shares purchased
—

 
—

 
—

 
—

Dilutive potential common shares
335

 
335

 
335

 
334

Denominator for diluted earnings (loss) per share—adjusted weighted-average shares
335

 
335

 
335

 
334

Basic earnings (loss) per share
$
(0.72
)
 
$
(0.85
)
 
$
(5.67
)
 
$
(2.16
)
Diluted earnings (loss) per share
$
(0.72
)
 
$
(0.85
)
 
$
(5.67
)
 
$
(2.16
)
The following were excluded from the calculation:
 
 
 
 
 
 
 
Convertible notes, employee stock options and deferred stock because inclusion would be anti-dilutive
46

 
53

 
46

 
55

Employee stock options because the options’ exercise prices were greater than the average market price of shares
24

 
14

 
24

 
12