EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 28, 2015

Calculation of Net Earnings (Loss) Per Common Share

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

	First Quarter
(In millions, except per share amounts)	2015		2014
Basic Earnings (Loss) Per Share
Numerator:
Net income (loss) attributable to Office Depot, Inc.	$	45	$	(109	)
Denominator:
Weighted-average shares outstanding		544		530
Basic earnings (loss) per share	$	0.08	$	(0.21	)
Diluted Earnings (Loss) Per Share
Numerator:
Net income (loss) attributable to Office Depot, Inc.	$	45	$	(109	)
Denominator:
Weighted-average shares outstanding		544		530
Effect of dilutive securities:
Stock options and restricted stock		9		—
Diluted weighted-average shares outstanding		553		530
Diluted earnings (loss) per share	$	0.08	$	(0.21	)