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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
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, 2017 and 2016 (in millions, except per-share amounts):

 

 

 

Three months ended
June 30

 

Six months ended
June 30

 

 

 

2017

 

2016

 

2017

 

2016

 

Basic EPS

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$
507

 

$
(136)

 

$
624

 

$
(496)

 

Discontinued operations, net

 

—

 
(3)

 

—

 
435

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 
507

 
(139)

 
624

 
(61)

 

 

 

 

 

 

 

 

 

 

 

Less: Net income allocated to participating securities

 
(2)

 

—

 
(2)

 

—

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), net of participating securities

 
505

 
(139)

 
622

 
(61)

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of basic shares

 
764.9

 
763.6

 
764.7

 
763.5

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$
0.66

 

$
(0.18)

 

$
0.81

 

$
(0.08)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income (loss), net of participating securities

 

$
505

 

$
(139)

 

$
622

 

$
(61)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of basic shares

 
764.9

 
763.6

 
764.7

 
763.5

 

Dilutive effect of potentially dilutive securities

 
1.0

 

—

 
0.8

 

—

 

 

 

 

 

 

 

 

 

 

 

Total diluted weighted average common shares

 
765.9

 
763.6

 
765.5

 
763.5

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$
0.66

 

$
(0.18)

 

$
0.81

 

$
(0.08)