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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share Table
The following is the calculation of basic and diluted weighted-average shares outstanding and EPS for the indicated years: 
 
 
2014
 
2013
 
2012
 
 
(In millions, except per share data)
Income (numerator):
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
650

 
$
73

 
$
(922
)
Income (loss) from discontinued operations, net of tax
 
250

 
74

 
(262
)
Net income (loss)
 
900

 
147

 
(1,184
)
Repurchase of preferred shares of subsidiary(3)
 

 
(20
)
 

Net income (loss) attributable to common stockholders
 
$
900

 
$
127

 
$
(1,184
)
 
 
 
 
 
 
 
Weighted-average shares (denominator):
 
 
 
 
 
 
Weighted-average shares — basic
 
137

 
135

 
135

Dilution effect of stock options and unvested restricted stock and restricted stock units outstanding at end of period(1)(2)
 
1

 
1

 

Weighted-average shares — diluted
 
138

 
136

 
135

 
 
 
 
 
 
 
Earnings (loss) per share:
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
Income (loss) from continuing operations before preferred share repurchase
 
$
4.76

 
$
0.54

 
$
(6.85
)
Repurchase of preferred shares of subsidiary(3)
 

 
(0.15
)
 

Income (loss) from continuing operations
 
4.76

 
0.39

 
(6.85
)
Income (loss) from discontinued operations
 
1.83

 
0.55

 
(1.95
)
Basic earnings (loss) per share
 
$
6.59

 
$
0.94

 
$
(8.80
)
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
Income (loss) from continuing operations before preferred share repurchase
 
$
4.71

 
$
0.54

 
$
(6.85
)
Repurchase of preferred shares of subsidiary(3)
 

 
(0.15
)
 

Income (loss) from continuing operations
 
4.71

 
0.39

 
(6.85
)
Income (loss) from discontinued operations
 
1.81

 
0.55

 
(1.95
)
Diluted earnings (loss) per share
 
$
6.52

 
$
0.94

 
$
(8.80
)
_________________
(1)
Excludes 1.1 million and 4.0 million shares of unvested restricted stock or restricted stock units and stock options for the years ended December 31, 2014 and 2013, respectively, because including the effect would have been anti-dilutive.
(2)
The effect of unvested restricted stock or restricted stock units and stock options has not been included in the calculation of shares outstanding for diluted EPS for the year ended December 31, 2012, as their effect would have been anti-dilutive. Had we recognized income from continuing operations for that year, incremental shares attributable to the assumed vesting of unvested restricted stock and restricted stock units and the assumed exercise of outstanding stock options would have increased diluted weighted-averages shares outstanding by 0.7 million shares for the year ended December 31, 2012.
(3)
The numerator includes an adjustment of $20 million related to the repurchase of preferred shares of a now wholly-owned subsidiary, which reduces net income (loss) for purposes of earnings per share for the year ended December 31, 2013. The subsidiary is part of our continuing operations. See Note 16, "Related Party Transaction," for additional information.