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Net Income Per Share
 9 Months Ended
Dec. 28, 2018
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 nine months ended December 28, 2018, as there was a loss from continuing operations in the period 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 28,
2018
 
December 29,
2017
 
December 28,
2018
 
December 29,
2017
Income (loss) from continuing operations
$
59

 
$
1,311

 
$
(14
)
 
$
1,185

Income from discontinued operations, net of income taxes
6

 
31

 
11

 
12

Net income (loss)
$
65

 
$
1,342

 
$
(3
)
 
$
1,197

Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.09

 
$
2.12

 
$
(0.02
)
 
$
1.93

Discontinued operations
$
0.01

 
$
0.05

 
$
0.02

 
$
0.02

Net income (loss) per share - basic
$
0.10

 
$
2.17

 
$
(0.00
)
 
$
1.95

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.09

 
$
1.97

 
$
(0.02
)
 
$
1.78

Discontinued operations
$
0.01

 
$
0.05

 
$
0.02

 
$
0.02

Net income (loss) per share - diluted (1)
$
0.10

 
$
2.01

 
$
(0.00
)
 
$
1.80

 
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic
637

 
619

 
631

 
614

Dilutive potentially issuable shares:
 
 
 
 
 
 
 
Convertible debt
7

 
33

 
—

 
33

Employee equity awards
11

 
15

 
—

 
18

Weighted-average shares outstanding - diluted
655

 
667

 
631

 
665

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

 
—

 
91

 
—

Employee equity awards
8

 
1

 
47

 
1

Total
8

 
1

 
138

 
1


 

(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. The conversion feature of both notes was anti-dilutive during the nine months ended December 28, 2018 as there was a loss from continuing operations in the period.