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Net Income (Loss) Per Share
9 Months Ended
Dec. 27, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) 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 employee equity awards.
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 27, 2024December 29, 2023December 27, 2024December 29, 2023
Net income (loss)$159 $142 $501 $476 
Net income (loss) per share - basic$0.26 $0.22 $0.81 $0.74 
Net income (loss) per share - diluted$0.26 $0.22 $0.80 $0.74 
Weighted-average shares outstanding - basic616 639 618 640 
Dilutive potentially issuable shares:
Employee equity awards
Weighted-average shares outstanding - diluted623 645 624 644 
Anti-dilutive shares excluded from diluted net income per share calculation:
Employee equity awards— —