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NET INCOME PER SHARE
6 Months Ended
May 30, 2025
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Basic net income per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested stock-based awards and purchase rights. Diluted net income per share is based upon the weighted average common shares outstanding for the period plus dilutive potential common shares, including unvested restricted stock units, stock purchase rights and performance share awards using the treasury stock method. Performance share awards are included based on the number of shares that would be issued as if the end of the reporting period was the end of the performance period and the result was dilutive.
The following table sets forth the computation of basic and diluted net income per share for the three and six months ended May 30, 2025 and May 31, 2024:
Three MonthsSix Months
(in millions, except per share data)2025202420252024
Net income$1,691 $1,573 $3,502 $2,193 
Shares used to compute basic net income per share428.2 449.1 432.2 450.9 
Dilutive potential common shares from stock plans and programs0.7 2.3 1.0 3.0 
Shares used to compute diluted net income per share428.9 451.4 433.2 453.9 
Basic net income per share$3.95 $3.50 $8.10 $4.86 
Diluted net income per share$3.94 $3.49 $8.08 $4.83 
Anti-dilutive potential common shares6.4 2.5 4.5 1.7