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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2015
Earnings (Loss) Per Share  
Earnings (Loss) Per Share

 

Note 8—Earnings (Loss) Per Share

 

The numerator and denominator used for the computation of basic and diluted per share earnings (loss) from continuing operations were as follows (in millions, except per share data):

 

 

 

Three months ended March 31,

 

 

 

2015

 

2014

 

 

 

Basic

 

Diluted

 

Basic

 

Diluted

 

Numerator for earnings (loss) per share

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to controlling interest

 

$
(481

)

$
(481

)

$
464

 

$
464

 

Undistributed earnings allocable to participating securities

 

—

 

—

 
(4

)
(4

)

Income (loss) from continuing operations available to shareholders

 

$
(481

)

$
(481

)

$
460

 

$
460

 

 

 

 

 

 

 

 

 

 

 

Denominator for earnings (loss) per share

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 
363

 
363

 
361

 
361

 

Effect of stock options and other share-based awards

 

—

 

—

 

—

 

—

 

Weighted-average shares for per share calculation

 
363

 
363

 
361

 
361

 

 

 

 

 

 

 

 

 

 

 

Per share earnings (loss) from continuing operations

 

$
(1.32

)

$
(1.32

)

$
1.27

 

$
1.27

 

 

In the three months ended March 31, 2015 and 2014, we excluded 5.0 million and 2.3 million share-based awards, respectively, from the calculation since the effect would have been anti-dilutive.