|
Note C: Basic and Diluted Earnings Per Share
Basic and diluted earnings per share were calculated as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended |
|
|
For the nine months ended |
|
|
|
February 28, |
|
|
February 28, |
|
In millions, except per share amounts |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Basic earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
|
430.7 |
|
|
$ |
|
350.5 |
|
|
$ |
|
1,096.4 |
|
|
$ |
|
834.5 |
|
Weighted-average common shares outstanding |
|
|
|
360.9 |
|
|
|
|
360.6 |
|
|
|
|
360.6 |
|
|
|
|
359.8 |
|
Basic earnings per share |
|
$ |
|
1.19 |
|
|
$ |
|
0.97 |
|
|
$ |
|
3.04 |
|
|
$ |
|
2.32 |
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
|
430.7 |
|
|
$ |
|
350.5 |
|
|
$ |
|
1,096.4 |
|
|
$ |
|
834.5 |
|
Weighted-average common shares outstanding |
|
|
|
360.9 |
|
|
|
|
360.6 |
|
|
|
|
360.6 |
|
|
|
|
359.8 |
|
Dilutive effect of common share equivalents |
|
|
|
2.5 |
|
|
|
|
2.2 |
|
|
|
|
2.5 |
|
|
|
|
2.2 |
|
Weighted-average common shares outstanding, assuming dilution |
|
|
|
363.4 |
|
|
|
|
362.8 |
|
|
|
|
363.1 |
|
|
|
|
362.0 |
|
Diluted earnings per share |
|
$ |
|
1.19 |
|
|
$ |
|
0.97 |
|
|
$ |
|
3.02 |
|
|
$ |
|
2.31 |
|
Weighted-average anti-dilutive common share equivalents |
|
|
|
0.3 |
|
|
|
|
— |
|
|
|
|
0.3 |
|
|
|
|
0.7 |
|
Weighted-average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share.
|