XML 34 R24.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net Income Per Share
 9 Months Ended
Dec. 29, 2023
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. Dilutive potentially issuable common shares include the dilutive effect of the shares underlying convertible debt and employee equity awards. Our remaining convertible debt was extinguished on August 15, 2022.
The components of basic and diluted net income (loss) per share are as follows:
 
Three Months EndedNine Months Ended
(In millions, except per share amounts)
December 29, 2023December 30, 2022December 29, 2023December 30, 2022
Net income (loss)$144 $165 $482 $434 
Net income (loss) per share - basic$0.23 $0.26 $0.75 $0.72 
Net income (loss) per share - diluted$0.22 $0.25 $0.75 $0.70 
Weighted-average shares outstanding - basic639 647 640 605 
Dilutive potentially issuable shares:
Convertible debt
— — — 8 
Employee equity awards6 4 4 4 
Weighted-average shares outstanding - diluted645 651 644 617 
Anti-dilutive shares excluded from diluted net income per share calculation:
Employee equity awards2 3 1 1 
Total
2 3 1 1