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Net Income per Share
 6 Months Ended
Oct. 27, 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

 

 

Six Months Ended

 

 

 

October 27,
 2023

 

 

October 28,
2022

 

 

October 27,
 2023

 

 

October 28,
2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

233

 

 

$

750

 

 

$

382

 

 

$

964

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

208

 

 

 

217

 

 

 

210

 

 

 

219

 

Dilutive impact of employee equity award plans

 

 

3

 

 

 

3

 

 

 

4

 

 

 

3

 

Shares used in diluted computation

 

 

211

 

 

 

220

 

 

 

214

 

 

 

222

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.12

 

 

$

3.46

 

 

$

1.82

 

 

$

4.40

 

Diluted

 

$

1.10

 

 

$

3.41

 

 

$

1.79

 

 

$

4.34

 

Three million and four million shares from outstanding employee awards were excluded from the diluted net income per share calculation for the three and six months ended October 27, 2023, respectively, while 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.