The following table presents the calculation of net earnings (loss) per common share — basic and diluted:


(In millions, except per share amounts)	2016			2015			2014
Basic Earnings Per Share
Numerator:
Net income (loss) from continuing operations	$	679		$	92		$	(293	)
Loss from discontinued operations, net of tax		(150	)		(84	)		(59	)
Less: Results attributable to the noncontrolling interests		—			—			2

Net income (loss) to Office Depot, Inc.	$	529		$	8		$	(354	)

Denominator:
Weighted-average shares outstanding		539			547			535
Basic earnings (loss) per share:
Continuing operations	$	1.26		$	0.17		$	(0.55	)
Discontinued operations		(0.28	)		(0.15	)		(0.11	)

Net earnings (loss)	$	0.98		$	0.01		$	(0.66	)

Diluted Earnings Per Share
Numerator:
Net income (loss) from continuing operations	$	679		$	92		$	(293	)
Loss from discontinued operations, net of tax		(150	)		(84	)		(59	)
Less: Results attributable to the noncontrolling interests		—			—			2

Net income (loss) to Office Depot, Inc.	$	529		$	8		$	(354	)

Denominator:
Weighted-average shares outstanding		539			547			535
Effect of dilutive securities:
Stock options and restricted stock		10			8			—

Diluted weighted-average shares outstanding		549			555			535
Diluted earnings (loss) per share
Continuing operations	$	1.24		$	0.16		$	(0.55	)
Discontinued operations		(0.27	)		(0.15	)		(0.11	)

Net earnings (loss)	$	0.96		$	0.01		$	(0.66	)