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Net Income per Share
 12 Months Ended
Apr. 28, 2023
Earnings Per Share [Abstract]  
Net Income per Share

14. 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, 2023

 

 

April 29, 2022

 

 

April 30, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

1,274

 

 

$

937

 

 

$

730

 

Denominator:

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

217

 

 

 

223

 

 

 

222

 

Dilutive impact of employee equity award plans

 

 

3

 

 

 

6

 

 

 

4

 

Shares used in diluted computation

 

 

220

 

 

 

229

 

 

 

226

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

5.87

 

 

$

4.20

 

 

$

3.29

 

Diluted

 

$

5.79

 

 

$

4.09

 

 

$

3.23

 

 

Six and four million shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for fiscal 2023 and fiscal 2021, respectively, as their inclusion would have been anti-dilutive. No potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculation for fiscal 2022.