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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Computations Of Basic And Diluted Earnings (Loss) Per Share
The following table sets forth the computations of basic and diluted earnings (loss) per share (in millions, except per share data):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Net earnings (loss)—numerator for basic earnings (loss) per share
$
(238
)
 
$
(162
)
 
$
(2,139
)
 
$
(884
)
Interest on senior convertible notes

 

 

 

Net earnings (loss) adjusted for interest on senior convertible notes
$
(238
)
 
$
(162
)
 
$
(2,139
)
 
$
(884
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings (loss) per share – weighted-average shares
335

 
335

 
335

 
334

Effect of dilutive securities:
 
 
 
 
 
 
 
Senior convertible notes

 

 

 

Employee options and shares

 

 

 

Assumed treasury shares purchased

 

 

 

Dilutive potential common shares
335

 
335

 
335

 
334

Denominator for diluted earnings (loss) per share—adjusted weighted-average shares
335

 
335

 
335

 
334

Basic earnings (loss) per share
$
(0.71
)
 
$
(0.48
)
 
$
(6.38
)
 
$
(2.64
)
Diluted earnings (loss) per share
$
(0.71
)
 
$
(0.48
)
 
$
(6.38
)
 
$
(2.64
)
The following were excluded from the calculation:
 
 
 
 
 
 
 
Convertible notes, employee stock options and deferred stock because inclusion would be anti-dilutive
46

 
48

 
46

 
53

Employee stock options because the options’ exercise prices were greater than the average market price of shares
23

 
28

 
23

 
18