Net Income (Loss) Per Share



	Fiscal Year
	2018			2017			2016

	(In millions, except per share data)
Numerator - Basic:
Income (loss) from continuing operations	$	12,629		$	1,790		$	(1,749	)
Less: Income (loss) from continuing operations attributable to noncontrolling interest	352			92			(116		)
Income (loss) from continuing operations attributable to common stock	12,277			1,698			(1,633		)

Loss from discontinued operations, net of income taxes	(19		)	(6		)	(112		)
Less: Loss from discontinued operations, net of income taxes, attributable to noncontrolling interest	(1		)	—			(6		)
Loss from discontinued operations, net of income taxes, attributable to common stock	(18		)	(6		)	(106		)

Net income (loss) attributable to common stock	$	12,259		$	1,692		$	(1,739	)

Numerator - Diluted:
Income (loss) from continuing operations	$	12,277		$	1,698		$	(1,749	)
Loss from discontinued operations, net of income taxes	(18		)	(6		)	(112		)
Net income (loss)	$	12,259		$	1,692		$	(1,861	)



Denominator:
Weighted-average shares outstanding - basic	418			405			366
Dilutive effect of equity awards	13			16			—
Exchange of noncontrolling interest	—			—			17
Weighted-average shares outstanding - diluted	431			421			383

Basic income (loss) per share:
Income (loss) per share from continuing operations	$	29.37		$	4.19		$	(4.46	)
Loss per share from discontinued operations	(0.04		)	(0.01		)	(0.29		)
Net income (loss) per share	$	29.33		$	4.18		$	(4.75	)

Diluted income (loss) per share:
Income (loss) per share from continuing operations	$	28.48		$	4.03		$	(4.57	)
Loss per share from discontinued operations	(0.04		)	(0.01		)	(0.29		)
Net income (loss) per share	$	28.44		$	4.02		$	(4.86	)

Potentially dilutive shares excluded from the calculation of diluted income (loss) per share because their effect would have been antidilutive ^(a)	9			22			12

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(a) For fiscal years 2018 and 2017, these weighted shares related to common stock shares issuable upon the exchange of LP Units prior to the effective time of the Mandatory Exchange (refer to Note 9. “Stockholders’ Equity” for additional information). As a result, diluted net income per share excluded net income attributable to noncontrolling interest. For fiscal year 2016, these weighted shares related to antidilutive equity awards.