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Net Income per Share
 9 Months Ended
Jan. 28, 2022
Earnings Per Share [Abstract]  
Net Income per Share

13. Net Income per Share

The following is a calculation of basic and diluted net income per share (in millions, except per share amounts):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

January 28,
 2022

 

 

January 29,
 2021

 

 

January 28,
 2022

 

 

January 29,
 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

252

 

 

$

182

 

 

$

678

 

 

$

396

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

223

 

 

 

223

 

 

 

223

 

 

 

222

 

Dilutive impact of employee equity award plans

 

 

6

 

 

 

4

 

 

 

6

 

 

 

3

 

Shares used in diluted computation

 

 

229

 

 

 

227

 

 

 

229

 

 

 

225

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.13

 

 

$

0.82

 

 

$

3.04

 

 

$

1.78

 

Diluted

 

$

1.10

 

 

$

0.80

 

 

$

2.96

 

 

$

1.76

 

No potential shares from outstanding employee awards were excluded from the diluted net income per share calculation for the three and nine months ended January 28, 2022. No potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for the three months ended January 29, 2021, while five million potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for the nine months ended January 29, 2021, as their inclusion would have been anti-dilutive.