| Net Income Per Share The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 31, | | August 1, | | July 31, | | August 1, | | 2022 | | 2021 | | 2022 | | 2021 | | | | | | | | | | | (In millions, except per share data) | | Numerator: | | | | | | | | Net income | $ | 656 | | | $ | 2,374 | | | $ | 2,274 | | | $ | 4,285 | | | Denominator: | | | | | | | | Basic weighted average shares | 2,495 | | | 2,493 | | | 2,500 | | | 2,489 | | | Dilutive impact of outstanding equity awards | 21 | | | 39 | | | 26 | | | 40 | | | | | | | | | | | | | | | | | | Diluted weighted average shares | 2,516 | | | 2,532 | | | 2,526 | | | 2,529 | | | Net income per share: | | | | | | | | Basic (1) | $ | 0.26 | | | $ | 0.95 | | | $ | 0.91 | | | $ | 1.72 | | Diluted (2) | $ | 0.26 | | | $ | 0.94 | | | $ | 0.90 | | | $ | 1.69 | | | Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive | 33 | | | 13 | | | 25 | | | 15 | |
(1) Calculated as net income divided by basic weighted average shares. (2) Calculated as net income divided by diluted weighted average shares.
|