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

 

The

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

 

 

 

Three months ended September 30

 

Nine months ended September 30

 

 

 

2016

 

2015

 

2016

 

2015

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(238)

 

$

(2,606)

 

$

(734)

 

$

(2,641)

 

Discontinued operations, net

 

 

(3)

 

 

(3)

 

 

432 

 

 

(10)

 

Net loss

 

 

(241)

 

 

(2,609)

 

 

(302)

 

 

(2,651)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: Net income allocated to participating securities

 

 

 

 

 

 

 

 

 

Net loss, net of participating securities

 

 

(241)

 

 

(2,609)

 

 

(302)

 

 

(2,651)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of basic shares

 

 

764.0

 

 

763.3

 

 

763.7

 

 

766.4

 

Basic EPS

 

$

(0.32)

 

$

(3.42)

 

$

(0.40)

 

$

(3.46)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss, net of participating securities

 

$

(241)

 

$

(2,609)

 

$

(302)

 

$

(2,651)

 

Weighted average number of basic shares

 

 

764.0

 

 

763.3

 

 

763.7

 

 

766.4

 

Dilutive effect of potentially dilutive securities

 

 

 

 

 

 

 

 

 

Total diluted weighted average common shares

 

 

764.0

 

 

763.3

 

 

763.7

 

 

766.4

 

Diluted EPS

 

$

(0.32)

 

$

(3.42)

 

$

(0.40)

 

$

(3.46)