Net Income per Share (Tables)

9 Months Ended

Jan. 26, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted 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 26,  2024		January 27, 2023		January 26,  2024		January 27, 2023
Numerator:
Net income	$	313	$	65	$	695	$	1,029
Denominator:
Shares used in basic computation		206		216		209		218
Dilutive impact of employee equity award plans		5		3		4		3
Shares used in diluted computation		211		219		213		221
Net Income per Share:
Basic	$	1.52	$	0.30	$	3.33	$	4.72
Diluted	$	1.48	$	0.30	$	3.26	$	4.66

No potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for the three months ended January 26, 2024, while three million potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for the nine months ended January 26, 2024, as their inclusion would have been anti-dilutive. Six million shares from outstanding employee awards each were excluded from the diluted net income per share calculation for the three and nine months ended January 27, 2023, respectively, as their inclusion would have been anti-dilutive.