Net Income per Share

9 Months Ended

Apr. 29, 2023

Earnings Per Share [Abstract]

Net Income per Share

Net Income per Share

The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts):

	Three Months Ended				Nine Months Ended
	April 29, 2023		April 30, 2022		April 29, 2023		April 30, 2022
Net income	$	3,212	$	3,044	$	8,655	$	8,997
Weighted-average shares—basic	4,089		4,152		4,100		4,184
Effect of dilutive potential common shares	21		18		11		20
Weighted-average shares—diluted	4,110		4,170		4,111		4,204
Net income per share—basic	$	0.79	$	0.73	$	2.11	$	2.15
Net income per share—diluted	$	0.78	$	0.73	$	2.11	$	2.14
Antidilutive employee share-based awards, excluded	24		11		75		46