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Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2013
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 September 30,

Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Net earnings (loss)—numerator for basic earnings (loss) per share
$
289

 
$
(238
)
 
$
167

 
$
(2,139
)
Interest on senior convertible notes (1)
7

 
—

 
22

 
—

Net earnings (loss) adjusted for interest on senior convertible notes
$
296

 
$
(238
)
 
$
189

 
$
(2,139
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings (loss) per share—weighted-average shares
336

 
335

 
335

 
335

Effect of dilutive securities:
 
 
 
 
 
 
 
Senior convertible notes
46

 
—

 
46

 
—

Employee options and shares
8

 
—

 
8

 
—

Assumed treasury shares purchased
(2
)
 
—

 
(2
)
 
—

Dilutive potential common shares
388

 
335

 
387

 
335

Denominator for diluted earnings (loss) per share—adjusted weighted-average shares
388

 
335

 
387

 
335

Basic earnings (loss) per share
$
0.86

 
$
(0.71
)
 
$
0.50

 
$
(6.38
)
Diluted earnings (loss) per share
$
0.76

 
$
(0.71
)
 
$
0.49

 
$
(6.38
)
The following were excluded from the calculation:
 
 
 
 
 
 
 
Convertible notes, employee stock options and deferred stock because inclusion would be anti-dilutive
—

 
46

 
—

 
46

Employee stock options because the options’ exercise prices were greater than the average market price of shares
9

 
23

 
13

 
23


(1)
The nine months ended September 30, 2013 does not include the impact of postpetition interest recorded in first quarter of 2013. If such amounts were included, results would have been anti-dilutive and conversion would not have been assumed.