Net Income per Share

3 Months Ended

Jul. 28, 2023

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
	July 28,  2023		July 29, 2022
Numerator:
Net income	$	149	$	214
Denominator:
Shares used in basic computation		212		220
Dilutive impact of employee equity award plans		4		4
Shares used in diluted computation		216		224
Net Income per Share:
Basic	$	0.70	$	0.97
Diluted	$	0.69	$	0.96

One and five million shares from outstanding employee awards were excluded from the diluted net income per share calculation for the three months ended July 28, 2023 and July 29, 2022, respectively, as their inclusion would have been anti-dilutive.