Earnings Per Share

12 Months Ended

Apr. 01, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic and diluted earnings per share are computed on the basis of the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share also include the incremental effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include the dilutive effect of shares underlying outstanding stock options, restricted stock, ESPP and Convertible Senior Notes.

The components of earnings per share are as follows:

	Year Ended
	April 1, 2016			April 3, 2015		March 28, 2014
	(In millions, except per share data)
Income (loss) from continuing operations	$	(821	)	$	109	$	91
Income from discontinued operations, net of tax	3,309			769		807
Net income	$	2,488		$	878	$	898
Income (loss) per share - basic:
Continuing operations	$	(1.23	)	$	0.16	$	0.13
Discontinued operations	$	4.94		$	1.12	$	1.16
Net income per share	$	3.71		$	1.27	$	1.29
Income (loss) per share - diluted:
Continuing operations	$	(1.23	)	$	0.16	$	0.13
Discontinued operations	$	4.94		$	1.10	$	1.15
Net income per share	$	3.71		$	1.26	$	1.28
Weighted-average outstanding shares - basic	670			689		696
Dilutive potential shares from stock-based compensation	—			7		8
Weighted-average shares outstanding - diluted	670			696		704
Anti-dilutive potential shares	20			1		5

Net income per share amounts may not add due to rounding.