Net Income Per Share

6 Months Ended

Jul. 26, 2020

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:

	Three Months Ended				Six Months Ended
	July 26,		July 28,		July 26,		July 28,
	2020		2019		2020		2019
	(In millions, except per share data)
Numerator:
Net income	$	622	$	552	$	1,539	$	947
Denominator:
Basic weighted average shares	616		609		615		608
Dilutive impact of outstanding equity awards	10		7		9		8
Diluted weighted average shares	626		616		624		616
Net income per share:
Basic (1)	$	1.01	$	0.91	$	2.50	$	1.56
Diluted (2)	$	0.99	$	0.90	$	2.47	$	1.54
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	—		11		6		12

(1) Calculated as net income divided by basic weighted average shares.

(2) Calculated as net income divided by diluted weighted average shares.