Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.21.2
Basic and Diluted Earnings Per Share
3 Months Ended
Aug. 31, 2021
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

2021

2020

Basic earnings per share:

Net income

$

333.6

$

211.6

Weighted-average common shares outstanding

360.1

359.1

Basic earnings per share

$

0.93

$

0.59

Diluted earnings per share:

Net income

$

333.6

$

211.6

Weighted-average common shares outstanding

360.1

359.1

Dilutive effect of common share equivalents

2.7

2.2

Weighted-average common shares outstanding, assuming dilution

362.8

361.3

Diluted earnings per share

$

0.92

$

0.59

Weighted-average anti-dilutive common share equivalents

0.2

1.0

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