EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 28, 2014

Calculation of Net Earnings (Loss) Per Common Share

The following table represents the calculation of net earnings (loss) per common share (“EPS”):

	Second Quarter						First Half
(In millions, except per share amounts)	2014			2013			2014			2013
Basic Earnings Per Share
Numerator:
Net loss available to common shareholders	$	(190	)	$	(64	)	$	(300	)	$	(81	)
Denominator:
Weighted-average shares outstanding		535			281			532			281
Basic loss per share	$	(0.36	)	$	(0.23	)	$	(0.56	)	$	(0.29	)
Diluted Earnings Per Share
Numerator:
Net loss attributable to Office Depot, Inc.	$	(190	)	$	(54	)	$	(300	)	$	(61	)
Denominator:
Weighted-average shares outstanding		535			281			532			281
Effect of dilutive securities:
Stock options and restricted stock		—			4			—			6
Redeemable preferred stock		—			81			—			81
Diluted weighted-average shares outstanding		535			366			532			368
Diluted loss per share	$	(0.36	)		N/A		$	(0.56	)		N/A