Net Income Per Share

12 Months Ended

Dec. 03, 2021

Basic net income per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested restricted stock units and performance awards. Diluted net income per share is based upon the weighted average common shares outstanding for the period plus dilutive potential common shares, including unvested restricted stock units, stock purchase rights, performance share awards and stock options using the treasury stock method.

The following table sets forth the computation of basic and diluted net income per share for fiscal 2021, 2020 and 2019:


(in millions, except per share data)	2021		2020		2019
Net income	$	4,822	$	5,260	$	2,951

Shares used to compute basic net income per share	477.3		480.9		486.3
Dilutive potential common shares from stock plans and programs	3.7		4.6		5.3
Shares used to compute diluted net income per share	481.0		485.5		491.6

Basic net income per share	$	10.10	$	10.94	$	6.07
Diluted net income per share	$	10.02	$	10.83	$	6.00

Anti-dilutive potential common shares	0.2		0.5		0.2