Earnings/(Loss) per Share
 3 Months Ended
Apr. 28, 2012
Earnings Per Share Abstract  
Earnings/(Loss) per Share

3.  Earnings/(Loss) per Share

 

Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below:

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

(in millions, except per share data)

 

 

April 28,

 

 

April 30,

 

 

 

 

2012

 

 

2011

 

Earnings/(loss):

 

 

 

 

 

 

 

Net income/(loss)

 

$

 (163)

 

$

 64

 

Shares:

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic shares)

 

 

 218.3

 

 

 229.2

 

Adjustment for assumed dilution:

 

 

 

 

 

 

 

Stock options and restricted stock awards

 

 

 -

 

 

 2.5

 

Weighted average shares assuming dilution (diluted shares)

 

 

 218.3

 

 

 231.7

 

EPS:

 

 

 

 

 

 

 

Basic

 

$

 (0.75)

 

$

 0.28

 

Diluted

 

$

 (0.75)

 

$

 0.28

 

 

For the three months ended April 28, 2012 and April 30, 2011, 25 million and eight million average potential shares of common stock, respectively, were excluded from the EPS calculation because their effect would have been anti-dilutive.