XML 30 R22.htm IDEA: XBRL DOCUMENT v3.25.0.1
Net Income per Share
 9 Months Ended
Jan. 24, 2025
Earnings Per Share [Abstract]  
Net Income per Share

12. 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

 

 

Nine Months Ended

 

 

 

January 24,
 2025

 

 

January 26,
2024

 

 

January 24,
 2025

 

 

January 26,
2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

299

 

 

$

313

 

 

$

846

 

 

$

695

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

204

 

 

 

206

 

 

 

205

 

 

 

209

 

Dilutive impact of employee equity award plans

 

 

4

 

 

 

5

 

 

 

5

 

 

 

4

 

Shares used in diluted computation

 

 

208

 

 

 

211

 

 

 

210

 

 

 

213

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.47

 

 

$

1.52

 

 

$

4.13

 

 

$

3.33

 

Diluted

 

$

1.44

 

 

$

1.48

 

 

$

4.03

 

 

$

3.26

 

The following table presents the numbers of potential shares of common stock from outstanding employee equity awards that have been excluded from the computation of diluted net income per share, as their inclusion would have had an anti-dilutive effect, for the periods presented (in millions):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

January 24,
 2025

 

 

January 26,
2024

 

 

January 24,
 2025

 

 

January 26,
2024

 

Employee equity award plans

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3