Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Earnings (Loss) Per Share

Earnings (Loss) Per Share

10. 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,
	2011			2010			2011			2010
Numerator:
Net loss - numerator for diluted loss per share	$	(286	)	$	(11	)	$	(722	)	$	(516	)
Denominator:
Denominator for basic loss per share – weighted-average shares		335			333			334			333
Effect of dilutive securities:
Senior convertible notes		—			—			—			—
Employee options and shares		—			—			—			—
Assumed treasury shares purchased		—			—			—			—
Dilutive potential common shares		—			—			—			—
Denominator for basic and diluted loss per share – weighted-average shares		335			333			334			333
Basic loss per share	$	(0.85	)	$	(0.03	)	$	(2.16	)	$	(1.55	)
Diluted loss per share	$	(0.85	)	$	(0.03	)	$	(2.16	)	$	(1.55	)
The following were excluded from the calculation:
Senior convertible notes, employee stock options and deferred stock because inclusion would be anti-dilutive		53			58			55			58
Employee stock options because the options exercise prices were greater than the average market price of shares		14			13			12			11