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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE  
Calculation of basic and diluted EPS

 

 

 

2014

 

2013

 

2012

 

 

 

(in millions, except per-share amounts)

 

Basic EPS calculation

 

 

 

 

 

 

 

Net income / (loss)

 

$

(1,434

)

$

869

 

$

699

 

Net income / (loss) allocated to participating securities

 

 

(14

)

(11

)

Net income / (loss) available to common stockholders

 

$

(1,434

)

$

855

 

$

688

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

381.9

 

381.8

 

381.8

 

Basic EPS

 

$

(3.75

)

$

2.24

 

$

1.80

 

 

 

 

 

 

 

 

 

Diluted EPS calculation

 

 

 

 

 

 

 

Net income / (loss)

 

$

(1,434

)

$

869

 

$

699

 

Net income / (loss) allocated to participating securities

 

 

(14

)

(11

)

Net income / (loss) available to common stockholders

 

$

(1,434

)

$

855

 

$

688

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

381.9

 

381.8

 

381.8

 

Dilutive effect of potentially dilutive securities

 

 

 

 

Weighted-average common shares outstanding - diluted

 

381.9

 

381.8

 

381.8

 

Diluted EPS

 

$

(3.75

)

$

2.24

 

$

1.80