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Net Income per Share (Tables)
3 Months Ended
Jul. 28, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

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

 

 

Three Months Ended

 

 

 

July 28,
 2023

 

 

July 29,
2022

 

Numerator:

 

 

 

 

 

 

Net income

 

$

149

 

 

$

214

 

Denominator:

 

 

 

 

 

 

Shares used in basic computation

 

 

212

 

 

 

220

 

Dilutive impact of employee equity award plans

 

 

4

 

 

 

4

 

Shares used in diluted computation

 

 

216

 

 

 

224

 

Net Income per Share:

 

 

 

 

 

 

Basic

 

$

0.70

 

 

$

0.97

 

Diluted

 

$

0.69

 

 

$

0.96