(Loss)/Earnings per Share
 12 Months Ended
Jan. 28, 2012
Basic (loss)/earnings per share  
(Loss)/Earnings per Share

5) (Loss)/Earnings per Share

(Loss)/income from continuing operations and shares used to compute EPS from continuing operations, basic and diluted, are reconciled below:

 

 

 

 

 

(in millions, except EPS)

2011

 

2010

 

2009

 

(Loss)/earnings:

 

 

 

(Loss)/income from continuing operations

$          (152)

$          378

$          249

 

 

 

 

Shares:

 

 

 

Weighted average common shares outstanding (basic shares)

              217.4

            236.4

             232.0

Adjustment for assumed dilution – stock options and restricted stock awards

                  -

                 1.6

                  1.1

 

 

 

 

Weighted average shares assuming dilution (diluted shares)

               217.4

            238.0

             233.1

 

 

 

 

EPS from continuing operations:

 

 

 

Basic

$         (0.70)

$         1.60

$         1.07

Diluted

$         (0.70)

$         1.59

$         1.07

The following average potential shares of common stock were excluded from the diluted EPS calculations because their effect would be anti-dilutive:

 

 

 

 

 

(shares in millions)

2011

 

2010

 

2009

 

Stock options, restricted awards and warrant

            24.1

              10.8

                  9.3