XML 43 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Net Income (loss) Per Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Net Income (loss) Per Share
Net Income (loss) Per Share

Basic net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted net income (loss) per share by application of the treasury stock method. The calculation of diluted net income (loss) per share excludes all anti-dilutive common shares. The following table sets forth the computation of basic and diluted net income (loss) per share for the periods indicated:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 
(In millions, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
682

 
$
720

 
$
1,353

 
$
(1,575
)
Loss from discontinued operations, net of income taxes
(599
)
 
(44
)
 
(644
)
 
(75
)
Net income (loss)
$
83

 
$
676

 
$
709

 
$
(1,650
)
Denominator:
 
 
 
 
 
 
 
Weighted average shares of common stock - basic
1,217

 
1,258

 
1,217

 
1,267

Dilutive effect of equity incentive awards
8

 
9

 
10

 

Weighted average shares of common stock - diluted
1,225

 
1,267

 
1,227

 
1,267

Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.56

 
$
0.57

 
$
1.11

 
$
(1.24
)
Discontinued operations
$
(0.49
)
 
$
(0.03
)
 
$
(0.53
)
 
$
(0.06
)
Net income (loss) per share - basic
$
0.07

 
$
0.54

 
$
0.58

 
$
(1.30
)
Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.56

 
$
0.57

 
$
1.10

 
$
(1.24
)
Discontinued operations
$
(0.49
)
 
$
(0.04
)
 
$
(0.52
)
 
$
(0.06
)
Net income (loss) per share - diluted
$
0.07

 
$
0.53

 
$
0.58

 
$
(1.30
)
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive
3

 
17

 
3

 
54