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Net Income Per Share
 9 Months Ended
Dec. 29, 2017
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share also includes the incremental effect of dilutive potentially issuable common shares outstanding during the period using the treasury stock method. Dilutive potentially issuable common shares includes the dilutive effect of the shares underlying convertible debt and employee equity awards. Diluted loss per share was the same as basic loss per share for the three and nine months ended December 30, 2016, as there was a loss from continuing operations in the periods and inclusion of potentially issuable shares was anti-dilutive.
The components of basic and diluted net income (loss) per share are as follows:
 
Three Months Ended
 
Nine Months Ended
(In millions, except per share amounts)
December 29,
2017
 
December 30,
2016
 
December 29,
2017
 
December 30,
2016
Income (loss) from continuing operations
$
1,311

 
$
(56
)
 
$
1,185

 
$
(59
)
Income from discontinued operations, net of income taxes
31

 
102

 
12

 
96

Net income
$
1,342

 
$
46

 
$
1,197

 
$
37

Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
2.12

 
$
(0.09
)
 
$
1.93

 
$
(0.10
)
Discontinued operations
$
0.05

 
$
0.16

 
$
0.02

 
$
0.16

Net income per share - basic
$
2.17

 
$
0.07

 
$
1.95

 
$
0.06

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
1.97

 
$
(0.09
)
 
$
1.78

 
$
(0.10
)
Discontinued operations
$
0.05

 
$
0.16

 
$
0.02

 
$
0.16

Net income per share - diluted (1)
$
2.01

 
$
0.07

 
$
1.80

 
$
0.06

 
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic
619

 
620

 
614

 
618

Dilutive potentially issuable shares:
 
 
 
 
 
 
 
Convertible debt
33

 
—

 
33

 
—

Employee equity awards
15

 
—

 
18

 
—

Weighted-average shares outstanding - diluted
667

 
620

 
665

 
618

 
 
 
 
 
 
 
 
Anti-dilutive shares excluded from diluted net income per share calculation:
 
 
 
 
 
 
 
Convertible debt
—

 
91

 
—

 
91

Employee equity awards
1

 
46

 
1

 
46

Total
1

 
137

 
1

 
137


 

(1)
Net income per share amounts may not add due to rounding.
Under the treasury stock method, our Convertible Senior Notes will generally have a dilutive impact on net income per share when our average stock price for the period exceeds approximately $16.77 per share for the 2.5% Convertible Senior Notes and $20.41 per share for the 2.0% Convertible Senior Notes. During the three and nine months ended December 30, 2016, the conversion feature of both notes was anti-dilutive due to a loss from continuing operations.