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Net Income per Share
 12 Months Ended
Apr. 28, 2017
Earnings Per Share [Abstract]  
Net Income per Share

15. Net Income per Share

The following is a calculation of basic and diluted net income per share (in millions, except per share amounts):

 

 

 

Year Ended

 

 

 

April 28,

2017

 

 

April 29,

2016

 

 

April 24,

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

509

 

 

$

229

 

 

$

560

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

275

 

 

 

294

 

 

 

316

 

Dilutive impact of employee equity award plans

 

 

6

 

 

 

3

 

 

 

5

 

Shares used in diluted computation

 

 

281

 

 

 

297

 

 

 

321

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.85

 

 

$

0.78

 

 

$

1.77

 

Diluted

 

$

1.81

 

 

$

0.77

 

 

$

1.75

 

 

Potential shares from outstanding employee equity awards totaling 6 million, 12 million and 8 million for fiscal 2017, 2016 and 2015, respectively, were excluded from the diluted net income per share calculations as their inclusion would have been anti-dilutive.