Net Income per Share

6 Months Ended

Oct. 30, 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				Six Months Ended
	October 30, 2020		October 25, 2019		October 30, 2020		October 25, 2019
Numerator:
Net income	$	137	$	243	$	214	$	346
Denominator:
Shares used in basic computation		222		235		222		237
Dilutive impact of employee equity award plans		2		1		1		3
Shares used in diluted computation		224		236		223		240
Net Income per Share:
Basic	$	0.62	$	1.03	$	0.96	$	1.46
Diluted	$	0.61	$	1.03	$	0.96	$	1.44

Eight million and seven million potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for the three and six months ended October 30, 2020, respectively, while six million and three million potential shares were excluded from the calculation for the three and six months ended October 25, 2019, respectively, as their inclusion would have been anti-dilutive.