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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2013
Earnings (Loss) Per Share  
Earnings (Loss) Per Share

Note 8—Earnings (Loss) Per Share

 

The numerator and denominator used for the computation of basic and diluted per share earnings from continuing operations were as follows (in millions, except per share data):

 

 

 

Years ended December 31,

 

 

 

2013

 

2012

 

2011

 

 

 

Basic

 

Diluted

 

Basic

 

Diluted

 

Basic

 

Diluted

 

Numerator for earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to controlling interest

 

$

1,406

 

$

1,406

 

$

808

 

$

808

 

$

(5,839

)

$

(5,839

)

Undistributed earnings allocable to participating securities

 

(12

)

(12

)

 

 

 

 

Income (loss) from continuing operations available to shareholders

 

$

1,394

 

$

1,394

 

$

808

 

$

808

 

$

(5,839

)

$

(5,839

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for earnings (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

360

 

360

 

356

 

356

 

322

 

322

 

Effect of stock options and other share-based awards

 

 

 

 

 

 

 

Weighted-average shares for per share calculation

 

360

 

360

 

356

 

356

 

322

 

322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per share earnings (loss) from continuing operations

 

$

3.87

 

$

3.87

 

$

2.27

 

$

2.27

 

$

(18.14

)

$

(18.14

)

 

For the years ended December 31, 2013, 2012 and 2011, we excluded 1.4 million, 2.4 million and 2.4 million share-based awards, respectively, from the calculation since the effect would have been anti-dilutive.  The 1.50% Series B Convertible Senior Notes and the 1.50% Series C Convertible Senior Notes did not have an effect on the calculation for the periods presented.  See Note 12—Debt.