Weighted Average Shares Outstanding

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

WEIGHTED AVERAGE SHARES OUTSTANDING

	Year Ended December 31,
(in millions)	2015	2014	2013
Weighted average shares outstanding - basic	1,341.2	1,324.3	1,341.2
Net effect of common stock equivalents	—	—	—
Weighted average shares outstanding - assuming dilution	1,341.2	1,324.3	1,341.2

We generated net losses in 2015, 2014 and 2013. Our weighted-average shares outstanding for earnings per share calculations excluded common stock equivalents of 22 million, 24 million and 19 million due to our net loss positions in 2015, 2014 and 2013, respectively.

Weighted-average shares outstanding, assuming dilution, also excludes the impact of 2 million stock options for 2015, 12 million for 2014, and 16 million for 2013, due to the exercise prices of these stock options being greater than the average fair market value of our common stock during the year.