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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share  
Calculation of basic and diluted EPS

The following table presents the calculation of basic and diluted EPS for the three and six months ended June 30, 2016 and 2015 (in millions, except per-share amounts):

 

 

 

Three months ended
June 30

 

Six months ended
June 30

 

 

 

 

 

 

 

2016

 

2015

 

2016

 

2015

 

Basic EPS

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
(136

)

 

$
180

 

 

$
(496

)

 

$
(35

)

 

Discontinued operations, net

 
(3

)

 
(4

)

 
435

 

 
(7

)

 

Net income (loss)

 
(139

)

 
176

 

 
(61

)

 
(42

)

 

 

 

 

 

 

 

 

 

 

 

Less: Net income allocated to participating securities

 

—

 

 

—

 

 

—

 

 

—

 

 

Net income (loss), net of participating securities

 
(139

)

 
176

 

 
(61

)

 
(42

)

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of basic shares

 
763.6

 

 
766.4

 

 
763.5

 

 
768.0

 

 

Basic EPS

 

$
(0.18

)

 

$
0.23

 

 

$
(0.08

)

 

$
(0.05

)

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income (loss), net of participating securities

 

$
(139

)

 

$
176

 

 

$
(61

)

 

$
(42

)

 

Weighted average number of basic shares

 
763.6

 

 
766.4

 

 
763.5

 

 
768.0

 

 

Dilutive effect of potentially dilutive securities

 

—

 

 
0.2

 

 

—

 

 

—

 

 

Total diluted weighted average common shares

 
763.6

 

 
766.6

 

 
763.5

 

 
768.0

 

 

Diluted EPS

 

$
(0.18

)

 

$
0.23

 

 

$
(0.08

)

 

$
(0.05

)