Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of common shares outstanding. Diluted earnings per share is computed based on the weighted-average number of common shares outstanding plus the dilutive effects of equity awards and convertible notes. Potential common shares that would increase earnings per share amounts or decrease loss per share amounts are antidilutive and are therefore excluded from diluted earnings per share calculations. Antidilutive potential common shares that could dilute basic earnings per share in the future were 38 million and 357 million for the first quarters of 2014 and 2013, respectively.



Quarter ended	November 28, 2013		November 29, 2012
Net income (loss) available to Micron shareholders – Basic and Diluted	$	358	$	(275	)

Weighted-average common shares outstanding – Basic	1,046		1,014
Net effect of dilutive equity awards and convertible notes	150		—
Weighted-average common shares outstanding – Diluted	1,196		1,014

Earnings (loss) per share:
Basic	$	0.34	$	(0.27	)
Diluted	0.30		(0.27		)