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 | | Nine Months Ended | (in millions, except per share data) | November 1, 2014 | | November 2, 2013 | | November 1, 2014 | | November 2, 2013 | Earnings/(loss) | | | | | | | | Net income/(loss) | $ | (188 | ) | | $ | (489 | ) | | $ | (712 | ) | | $ | (1,423 | ) | Shares | | | | | | | | Weighted average common shares outstanding (basic shares)(1) | 305.3 |
|
| 251.8 |
| | 305.1 |
| | 230.8 |
| Adjustment for assumed dilution: | | | | | | | | Stock options, restricted stock awards and warrant | — |
| | — |
| | — |
| | — |
| Weighted average shares assuming dilution (diluted shares) | 305.3 |
| | 251.8 |
| | 305.1 |
| | 230.8 |
| EPS | | | | | | | | Basic | $ | (0.62 | ) | | $ | (1.94 | ) | | $ | (2.33 | ) | | $ | (6.17 | ) | Diluted | $ | (0.62 | ) | | $ | (1.94 | ) | | $ | (2.33 | ) | | $ | (6.17 | ) |
(1) On October 1, 2013, we issued 84 million shares of common stock with a par value of $0.50 per share. The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive: | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | (Shares in millions) | November 1, 2014 | | November 2, 2013 | | November 1, 2014 | | November 2, 2013 | Stock options, restricted stock awards and warrant | 26.9 |
| | 23.9 |
| | 26.1 |
| | 24.6 |
|
|