EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 26, 2015

Calculation of Net Earnings (Loss) Per Common Share

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

	Third Quarter				Year-to-Date
(In millions, except per share amounts)	2015		2014		2015			2014
Basic Earnings Per Share
Numerator:
Net income (loss) attributable to Office Depot, Inc.	$	6	$	29	$	(7	)	$	(270	)
Denominator:
Weighted-average shares outstanding		548		536		546			534
Basic earnings (loss) per share	$	0.01	$	0.05	$	(0.01	)	$	(0.51	)
Diluted Earnings Per Share
Numerator:
Net income (loss) attributable to Office Depot, Inc.	$	6	$	29	$	(7	)	$	(270	)
Denominator:
Weighted-average shares outstanding		548		536		546			534
Effect of dilutive securities:
Stock options and restricted stock		8		9		—			—
Diluted weighted-average shares outstanding		556		545		546			534
Diluted earnings (loss) per share	$	0.01	$	0.05	$	(0.01	)	$	(0.51	)