Net Income per Share

3 Months Ended

Oct. 26, 2024

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
	October 26, 2024		October 28, 2023
Net income	$	2,711	$	3,638
Weighted-average shares—basic	3,990		4,057
Effect of dilutive potential common shares	23		30
Weighted-average shares—diluted	4,013		4,087
Net income per share—basic	$	0.68	$	0.90
Net income per share—diluted	$	0.68	$	0.89
Antidilutive employee share-based awards, excluded	13		16