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Net Income Per Share
6 Months Ended
Oct. 02, 2020
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per ShareBasic 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.
The components of basic and diluted net income (loss) per share are as follows:
 
Three Months Ended
Six Months Ended
(In millions, except per share amounts)
October 2, 2020October 4, 2019October 2, 2020October 4, 2019
Income from continuing operations$166 $38 $315 $76 
Income (loss) from discontinued operations(102)747 (133)735 
Net income$64 $785 $182 $811 
Income (loss) per share - basic:
Continuing operations
$0.28 $0.06 $0.53 $0.12 
Discontinued operations
$(0.17)$1.20 $(0.23)$1.19 
Net income per share - basic (1)
$0.11 $1.27 $0.31 $1.31 
Income (loss) per share - diluted:
Continuing operations
$0.28 $0.06 $0.52 

$0.12 
Discontinued operations
$(0.17)$1.16 $(0.22)

$1.14 
Net income per share - diluted (1)
$0.11 $1.22 $0.30 

$1.26 
Weighted-average shares outstanding - basic592 620 591 619 
Dilutive potentially issuable shares:
Convertible debt
16 13 

13 
Employee equity awards

11 
Weighted-average shares outstanding - diluted600 644 607 

643 
Anti-dilutive shares excluded from diluted net income per share calculation:
Employee equity awards— 
(1) Net income per share amounts may not add due to rounding.
Under the treasury stock method, our convertible debt instruments will generally have a dilutive impact on net income per share when our average stock price for the period exceeds the conversion prices for the convertible debt instruments. The conversion price of each convertible debt applicable in the periods presented is as follows:

Three Months EndedSix Months Ended
October 2, 2020October 4, 2019October 2, 2020October 4, 2019
2.5% Convertible Senior Notes due April 1, 2022
N/A$16.77 N/A$16.77 
2.0% Convertible Senior Notes due August 15, 2022
N/A$20.41 $10.23 $20.41 
New 2.5% Convertible Senior Notes due April 1, 2022
$16.77 N/A$16.77 N/A
New 2.0% Convertible Senior Notes due August 15, 2022
$20.41 N/A$20.41 N/A