EX-11 2 l32719aexv11.htm EX-11 EX-11
Exhibit 11
Statements Re: Computation Of Per Share Earnings
                                 
    Three months ended June 30,     Six months ended June 30,  
(In millions)   2008     2007     2008     2007  
 
Numerator:
                               
Net income—basic and diluted
  $ 63     $ 351     $ 21     $ 545  
 
                       
 
                               
Denominator:
                               
Weighted-average common shares outstanding
    164,530,659       171,712,547       163,921,532       172,178,180  
Effect of stock based awards
    513,804       1,711,025       679,930       1,693,432  
 
                       
Adjusted weighted-average shares
    165,044,463       173,423,572       164,601,462       173,871,612  
 
                       
 
                               
Earnings per share:
                               
Basic
  $ 0.38     $ 2.04     $ 0.13     $ 3.16  
Diluted
    0.38       2.02       0.13       3.13  
 
                               
Number of anti-dilutive stock based awards
    6,492,284       1,889,148       5,417,396       2,088,248  
Exercise price of anti-dilutive stock based awards
  $ 34.96-45.26     $ 44.79-45.26     $ 36.41-45.26     $ 44.79-45.26  
Certain stock-based compensation awards were not included in the computation of diluted earnings per share for the three- and six-month periods ended June 30, 2008 and 2007, since inclusion of these awards would have anti-dilutive effects.