XML 122 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 3 Months Ended
Jun. 28, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per common share (EPS) and diluted earnings per share are calculated as follows:

 
 
Quarter Ended
(Amounts in millions, except per-share amounts)
 
June 28, 2013
 
June 29, 2012
 
 
 
 
 
Net income attributable to CSC common shareholders
 
 
 
 
From continuing operations
 
$
138

 
$
15

From discontinued operations
 
18

 
25

 
 
$
156

 
$
40

Common share information:
 
 
 
 
Weighted average common shares outstanding for basic EPS
 
149.854

 
155.227

Dilutive effect of stock options and equity awards
 
2.384

 
0.420

Shares for diluted earnings per share
 
152.238

 
155.647

 
 
 
 
 
Earnings per share – basic and diluted:
 
 
 
 
Basic EPS:
 
 
 
 
Continuing operations
 
$
0.92

 
$
0.10

Discontinued operations
 
0.12

 
0.16

Total
 
$
1.04

 
$
0.26

 
 
 
 
 
Diluted EPS:
 
 
 
 
Continuing operations
 
$
0.91

 
$
0.10

Discontinued operations
 
0.11

 
0.16

Total
 
$
1.02

 
$
0.26


Stock options whose exercise price exceeded the average market price of the Company’s common stock and therefore were anti-dilutive, were excluded from the diluted earnings per share computation. The number of shares related to such stock options was 7,720,029 for the quarter ended June 28, 2013 and 18,651,252 for the quarter ended June 29, 2012.