Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share (Tables)

v3.10.0.1
Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings (Loss) Per Share
The following table sets forth the components of basic and diluted earnings (loss) per share:
 
Three Months Ended
 
Six Months Ended
 
June 30,
2018
 
July 1,
2017
 
June 30,
2018
 
July 1,
2017
 
(In millions, except per share amounts)
Numerator – Net income (loss):
 
 
 
 
 
 
 
Numerator for basic earnings (loss) per share
$
116

 
$
(42
)
 
$
197

 
$
(75
)
Effect of assumed conversion of Convertible Notes 2026:
 
 
 
 
 
 
 
              Unamortized debt issuance cost
11

 
—

 
—

 
—

Numerator for diluted earnings (loss) per share
$
127

 
$
(42
)
 
$
197

 
$
(75
)
Denominator - Weighted average shares:
 
 
 
 
 
 
 
Denominator for basic earnings (loss) per share
972

 
945

 
970

 
942

Effect of potentially dilutive shares:
 
 
 
 
 
 
 
Employee stock options and restricted stock units
34

 
—

 
34

 
—

Warrants
40

 
—

 
39

 
—

Convertible Notes 2026
101

 
—

 
—

 
—

Denominator for diluted earnings (loss) per share
1,147

 
945

 
1,043

 
942

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.12

 
$
(0.04
)
 
$
0.20

 
$
(0.08
)
Diluted
$
0.11

 
$
(0.04
)
 
$
0.19

 
$
(0.08
)