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						Six Months Ended
	July 1, 2017			July 2, 2016			July 1, 2017		July 2, 2016
Numerator:
Net income (loss)	$	(69.6	)	$	(534.3	)	$	2.0	$	(1,063.5	)

Denominator:
Weighted average shares outstanding for basic EPS	143.3			143.2			143.3		143.2
Dilutive effect of share-based awards*	—			—			0.3		—
Weighted average shares outstanding for diluted EPS	143.3			143.2			143.6		143.2

Anti-dilutive share-based awards excluded from computation of diluted EPS*	—			—			0.8		—

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

Shareholders' Equity

We issued shares related to the exercise and vesting of share-based compensation as follows:



Three Months Ended		Six Months Ended
July 1, 2017	July 2, 2016	July 1, 2017	July 2, 2016
31,900	19,000	46,400	98,000

Share Repurchases

On October 22, 2015, the Board of Directors approved a share repurchase plan of up to $2.0 billion (the "2015 Authorization"). During the three months ended July 1, 2017, we repurchased 812,184 ordinary shares at an average repurchase price of $71.67 per share, for a total of $58.2 million. As of July 1, 2017, there was $1.4 billion still available to be repurchased through December 31, 2018 under the 2015 Authorization. We did not repurchase any shares under the share repurchase plan during the six months ended July 2, 2016.