| 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: | | | | | | | | | | | | | | Year Ended | | January 26,
2020 | | January 27,
2019 | | January 28,
2018 | | (In millions, except per share data) | Numerator: | | | | | | Net income | $ | 2,796 |
| | $ | 4,141 |
| | $ | 3,047 |
| Denominator: | | | | | | Basic weighted average shares | 609 |
| | 608 |
| | 599 |
| Dilutive impact of outstanding securities: | | | | | | Equity awards | 9 |
| | 17 |
| | 24 |
| 1.00% Convertible Senior Notes | — |
| | — |
| | 5 |
| Warrants issued with the 1.00% Convertible Senior Notes | — |
| | — |
| | 4 |
| Diluted weighted average shares | 618 |
| | 625 |
| | 632 |
| Net income per share: | | | | | | Basic (1) | $ | 4.59 |
| | $ | 6.81 |
| | $ | 5.09 |
| Diluted (2) | $ | 4.52 |
| | $ | 6.63 |
| | $ | 4.82 |
| Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive | 11 |
| | 5 |
| | 4 |
|
| | (1) | Calculated as net income divided by basic weighted average shares. |
(2) Calculated as net income divided by diluted weighted average shares.
|