Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.20.2
Basic and Diluted Earnings Per Share
3 Months Ended
Aug. 31, 2020
Basic and Diluted Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Note C: Basic and Diluted Earnings Per Share

Basic and diluted earnings per share were calculated as follows:

For the three months ended

August 31,

In millions, except per share amounts

2020

2019

Basic earnings per share:

Net income

$

211.6

$

264.2

Weighted-average common shares outstanding

359.1

358.6

Basic earnings per share

$

0.59

$

0.74

Diluted earnings per share:

Net income

$

211.6

$

264.2

Weighted-average common shares outstanding

359.1

358.6

Dilutive effect of common share equivalents

2.2

2.9

Weighted-average common shares outstanding, assuming dilution

361.3

361.5

Diluted earnings per share

$

0.59

$

0.73

Weighted-average anti-dilutive common share equivalents

1.0

0.3

Weighted-average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share.