Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share

Calculation of basic and diluted EPS

The following table presents the calculation of basic and diluted EPS for the three months ended March 31, 2016 and 2015 (in millions, except per-share amounts):

	Three months ended March 31
	2016		2015
Basic EPS
Loss from continuing operations	$	(360)	$	(215)
Discontinued operations, net	438		(3)
Net income (loss)	78		(218)
Less: Net income allocated to participating securities	—		—
Net income (loss), net of participating securities	78		(218)
Weighted average number of basic shares	763.4		769.6
Basic EPS	$	0.10	$	(0.28)
Diluted EPS
Net income (loss), net of participating securities	$	78	$	(218)
Weighted average number of basic shares	763.4		769.6
Dilutive effect of potentially dilutive securities	—		—
Total diluted weighted average common shares	763.4		769.6
Diluted EPS	$	0.10	$	(0.28)