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Net Income per Share (Tables)
12 Months Ended
Apr. 29, 2016
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):

 

 

 

Year Ended

 

 

 

April 29,

2016

 

 

April 24,

2015

 

 

April 25,

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

229

 

 

$

560

 

 

$

638

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

294

 

 

 

316

 

 

 

340

 

Dilutive impact of employee equity award plans

 

 

3

 

 

 

5

 

 

 

7

 

Dilutive impact of assumed conversion of convertible notes

 

 

 

 

 

 

 

 

1

 

Shares used in diluted computation

 

 

297

 

 

 

321

 

 

 

348

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.78

 

 

$

1.77

 

 

$

1.87

 

Diluted

 

$

0.77

 

 

$

1.75

 

 

$

1.83