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Net Income per Share (Tables)

3 Months Ended

Jul. 26, 2024

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 26,  2024				July 28, 2023
Numerator:
Net income		$	248			$	149
Denominator:
Shares used in basic computation			206				212
Dilutive impact of employee equity award plans			6				4
Shares used in diluted computation			212				216
Net Income per Share:
Basic		$	1.20			$	0.70
Diluted		$	1.17			$	0.69

One million shares from outstanding employee equity awards were excluded from the diluted net income per share calculations in each of the three months ended July 26, 2024 and July 28, 2023, as their inclusion would have been anti-dilutive.

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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