Net Income Per Share

6 Months Ended

Aug. 01, 2021

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
	August 1,		July 26,		August 1,		July 26,
	2021		2020		2021		2020
	(In millions, except per share data)
Numerator:
Net income	$	2,374	$	622	$	4,285	$	1,539
Denominator:
Basic weighted average shares	2,493		2,464		2,489		2,460
Dilutive impact of outstanding equity awards	39		40		40		36
Diluted weighted average shares	2,532		2,504		2,529		2,496
Net income per share:
Basic (1)	$	0.95	$	0.25	$	1.72	$	0.63
Diluted (2)	$	0.94	$	0.25	$	1.69	$	0.62
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	13		—		15		24

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

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