| Earnings/(Loss) per Share |
2. Earnings/(Loss) per Share
Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below:
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Three Months Ended
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Six Months Ended
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(in millions, except per share data)
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August 3,
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July 28,
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August 3,
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July 28,
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2013
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2012
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2013
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2012
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Earnings/(loss)
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Net income/(loss)
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$
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(586)
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$
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(147)
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$
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(934)
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$
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(310)
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Shares
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Weighted average common shares outstanding (basic shares)
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220.6
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219.3
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220.2
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218.9
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Adjustment for assumed dilution:
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Stock options, restricted stock awards and warrant
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-
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-
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-
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-
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Weighted average shares assuming dilution (diluted shares)
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220.6
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219.3
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220.2
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218.9
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EPS
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Basic
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$
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(2.66)
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$
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(0.67)
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$
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(4.24)
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$
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(1.42)
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Diluted
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$
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(2.66)
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$
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(0.67)
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$
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(4.24)
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$
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(1.42)
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The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive:
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Three Months Ended
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Six Months Ended
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(Shares in millions)
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August 3,
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July 28,
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August 3,
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July 28,
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2013
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2012
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2013
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2012
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Stock options, restricted stock awards and warrant
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25.0
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25.7
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25.0
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25.4
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