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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 26, 2015
Jul. 27, 2014
Jul. 26, 2015
Jul. 27, 2014
Revenue $ 1,153 $ 1,103 $ 2,304 $ 2,206
Cost of revenue 519 484 1,018 983
Gross profit 634 619 1,286 1,223
Operating expenses        
Research and development 320 337 658 672
Sales, general and administrative 149 119 289 237
Restructuring and other charges 89 0 89 0
Total operating expenses 558 456 1,036 909
Income from operations 76 163 250 314
Interest income 9 7 18 13
Interest expense (12) (12) (22) (23)
Other income (expense), net (1) (3) (2) 14
Income before income tax 72 155 244 318
Income tax expense 46 27 84 53
Net income $ 26 $ 128 $ 160 $ 265
Basic net income per share $ 0.05 $ 0.23 $ 0.29 $ 0.47
Diluted net income per share $ 0.05 $ 0.22 $ 0.28 $ 0.46
Weighted average shares used in basic per share computation 541 558 545 559
Weighted average shares used in diluted per share computation 556 571 563 571
Cash dividends declared and paid per common share $ 0.0975 $ 0.0850 $ 0.1825 $ 0.1700