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 | | Six Months Ended | (in millions, except per share data) | July 30,
2016 | | August 1,
2015 | | July 30,
2016 | | August 1,
2015 | Earnings/(loss) | | | | | | | | Net income/(loss) | $ | (56 | ) | | $ | (117 | ) | | $ | (124 | ) | | $ | (267 | ) | Shares | | | | | | | | Weighted average common shares outstanding (basic shares) | 308.0 |
|
| 305.9 |
| | 307.6 |
| | 305.7 |
| Adjustment for assumed dilution: | | | | | | | | Stock options, restricted stock awards and warrant | — |
| | — |
| | — |
| | — |
| Weighted average shares assuming dilution (diluted shares) | 308.0 |
| | 305.9 |
| | 307.6 |
| | 305.7 |
| EPS | | | | | | | | Basic | $ | (0.18 | ) | | $ | (0.38 | ) | | $ | (0.40 | ) | | $ | (0.87 | ) | Diluted | $ | (0.18 | ) | | $ | (0.38 | ) | | $ | (0.40 | ) | | $ | (0.87 | ) |
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 | | Six Months Ended | (Shares in millions) | July 30,
2016 | | August 1,
2015 | | July 30,
2016 | | August 1,
2015 | Stock options, restricted stock awards and warrant | 34.8 |
| | 34.6 |
| | 35.0 |
| | 33.2 |
|
|