Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Notes)

v3.4.0.3
Net Loss Per Share (Notes)
 3 Months Ended
Mar. 26, 2016
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
Basic net loss per share is computed based on the weighted average number of shares outstanding.
Diluted net loss per share is computed based on the weighted average number of shares outstanding plus any potentially dilutive shares outstanding. Potentially dilutive shares include stock options and restricted stock units.
The following table sets forth the components of basic and diluted loss per share:
 
Three Months Ended
 
March 26,
2016
 
March 28,
2015
 
(In millions, except per share amounts)
Numerator – Net loss:
 
 
 
Numerator for basic and diluted net loss per share
$
(109
)
 
$
(180
)
Denominator – Weighted average shares
 
 
 
Denominator for basic and diluted net loss per share
793

 
777

Net loss per share:
 
 
 
Basic
$
(0.14
)
 
$
(0.23
)
Diluted
$
(0.14
)
 
$
(0.23
)

Potential shares from stock options and restricted stock units totaling 50 million and 64 million were not included in the net loss per share calculations for the first quarters of 2016 and 2015, respectively, because their inclusion would have been anti-dilutive.