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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 29, 2014
Calculation of Net Earnings Loss Per Common Share

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

 

     First Quarter  
(In millions, except per share amounts)    2014     2013  

Basic Loss Per Share

     

Numerator:

     

Net loss available to common shareholders

    $ (109 )    $ (17 ) 

Denominator:

     

Weighted-average shares outstanding

      530        282   

Basic loss per share

    $ (0.21 )    $ (0.06 ) 
  

 

 

    

 

 

  

Diluted Loss Per Share

     

Numerator:

     

Net loss attributable to Office Depot, Inc.

    $ (109 )    $ (7 ) 

Denominator:

     

Weighted-average shares outstanding

      530        282   

Effect of dilutive securities:

     

Stock options and restricted stock

      —          6   

Redeemable preferred stock

      —          81   
  

 

 

    

 

 

  

Diluted weighted-average shares outstanding

      530        369   

Diluted loss per share

    $ (0.21 )    $ N/A