Net Income per Share

6 Months Ended

Oct. 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				Six Months Ended
	October 28,  2022		October 29, 2021		October 28,  2022		October 29, 2021
Numerator:
Net income	$	750	$	224	$	964	$	426
Denominator:
Shares used in basic computation		217		223		219		223
Dilutive impact of employee equity award plans		3		6		3		6
Shares used in diluted computation		220		229		222		229
Net Income per Share:
Basic	$	3.46	$	1.00	$	4.40	$	1.91
Diluted	$	3.41	$	0.98	$	4.34	$	1.86

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