Net Income Per Share

3 Months Ended

Apr. 26, 2020

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:

	Three Months Ended
	April 26,		April 28,
	2020		2019
	(In millions, except per share data)
Numerator:
Net income	$	917	$	394
Denominator:
Basic weighted average shares	614		607
Dilutive impact of outstanding equity awards	8		9
Diluted weighted average shares	622		616
Net income per share:
Basic (1)	$	1.49	$	0.65
Diluted (2)	$	1.47	$	0.64
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	1		11

(1) Calculated as net income divided by basic weighted average shares.

(2) Calculated as net income divided by diluted weighted average shares.