Net Income per Share

9 Months Ended

Jan. 24, 2020

Earnings Per Share [Abstract]

Net Income per Share

14. 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 24, 2020		January 25, 2019		January 24, 2020		January 25, 2019
Numerator:
Net income	$	277	$	249	$	623	$	773
Denominator:
Shares used in basic computation		226		250		233		257
Dilutive impact of employee equity award plans		3		5		3		6
Shares used in diluted computation		229		255		236		263
Net Income per Share:
Basic	$	1.23	$	1.00	$	2.67	$	3.01
Diluted	$	1.21	$	0.98	$	2.64	$	2.94

Three million potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for the three and nine months ended January 24, 2020, while less than 1 million potential shares were excluded from the calculation for the three and nine months ended January 25, 2019, as their inclusion would have been anti-dilutive.