Net Income Per Share (Tables)

9 Months Ended

Jul. 31, 2022

Schedule of Earnings Per Share, Basic and Diluted

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


	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	July 31, 2022		August 1, 2021		July 31, 2022		August 1, 2021

	(In millions, except per share data)
Numerator - Basic:
Net income	$	3,074	$	1,876	$	8,136	$	4,747
Dividends on preferred stock	(75)		(74)		(224)		(224)
Net income attributable to common stock - basic	$	2,999	$	1,802	$	7,912	$	4,523

Numerator - Diluted:
Net income	$	3,074	$	1,876	$	8,136	$	4,747
Dividends on preferred stock	—		(74)		—		(224)
Net income attributable to common stock - diluted	$	3,074	$	1,802	$	8,136	$	4,523

Denominator:
Weighted-average shares outstanding - basic	405		411		408		409
Dilutive effect of equity awards	13		18		15		20
Dilutive effect of Mandatory Convertible Preferred Stock	12		—		12		—
Weighted-average shares outstanding - diluted	430		429		435		429




Net income per share attributable to common stock:


Basic	$	7.40	$	4.38	$	19.39	$	11.06




Diluted	$	7.15	$	4.20	$	18.70	$	10.54