Earnings Per Share and Shareholders Equity

3 Months Ended

Apr. 02, 2016

Earnings Per Share [Abstract]

Earnings Per Share and Shareholders Equity

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

Earnings per Share

A reconciliation of the numerators and denominators used in the basic and diluted earnings per share ("EPS") calculation is as follows (in millions):

	Three Months Ended
	April 2, 2016			March 28, 2015
	Restated			Restated
Numerator:
Net loss	$	(529.2	)	$	(22.2	)
Denominator:
Weighted average shares outstanding for basic EPS	143.2			140.8
Dilutive effect of share-based awards*	—			—
Weighted average shares outstanding for diluted EPS	143.2			140.8
Anti-dilutive share-based awards excluded from computation of diluted EPS*	—			—

* In the period of a net loss, diluted shares equal basic shares.

Shareholders' Equity

Shares

We issued 79,000 and 35,000 shares related to the exercise and vesting of share-based compensation during the three months endedApril 2, 2016 and March 28, 2015, respectively.

Share Repurchases

In October 2015, the Board of Directors approved a share repurchase plan of up to $2.0 billion, of which $1.5 billion is still available to be repurchased through December 31, 2018. We did not repurchase any shares under the share repurchase plan during the three months endedApril 2, 2016.