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Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2011

Earnings (Loss) Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

17. EARNINGS (LOSS) PER SHARE

For the years ended December 31, 2011, 2010 and 2009, earnings (loss) per share (“EPS”) was calculated as follows:


		Year ended December 31, 2011				Year ended December 31, 2010				Year ended December 31, 2009
Basic EPS
Net income (loss) attributable to parent company			650				830				(1,131	)
Weighted average shares outstanding			883,619,377				880,375,234				876,928,190
Basic EPS			0.74				0.94				(1.29	)

Diluted EPS
Net income (loss) attributable to parent company			650				830				(1,131	)
Convertible debt interest			5				10				—
Net income (loss) attributable to parent company adjusted			655				840				(1,131	)
Weighted average shares outstanding			883,619,377				880,375,234				876,928,190
Dilutive effect of nonvested shares			3,771,729				3,555,806				—
Dilutive effect of convertible debt			17,073,640				27,180,653				—
Number of shares used in calculating diluted EPS			904,464,746				911,111,693				876,928,190
Diluted EPS			0.72				0.92				(1.29	)

At December 31, 2011 and December 31, 2010, outstanding stock options included anti-dilutive shares totalling approximately 26,453,152 shares and 35,296,895 shares, respectively. At December 31, 2009, if the Company had reported an income, outstanding stock options would have included anti-dilutive shares totalling approximately 37,943,832 shares.

There was also the equivalent of 8,790,024 common shares outstanding for convertible debt, out of which 5,624 for the 2013 bonds and 8,784,400 for the 2016 bonds. None of these bonds have been converted to shares during 2011. The repurchase of convertible bonds is described in Note 14.

- Definition

The entire disclosure for earnings per share.

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