Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.22.2.2
Basic and Diluted Earnings Per Share
3 Months Ended
Aug. 31, 2022
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

 

2022

 

 

2021

 

Basic earnings per share:

 

 

 

 

 

 

 

 

Net income

 

$

 

379.2

 

 

$

 

333.6

 

Weighted-average common shares outstanding

 

 

 

360.1

 

 

 

 

360.1

 

Basic earnings per share

 

$

 

1.05

 

 

$

 

0.93

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

Net income

 

$

 

379.2

 

 

$

 

333.6

 

Weighted-average common shares outstanding

 

 

 

360.1

 

 

 

 

360.1

 

Dilutive effect of common share equivalents

 

 

 

2.3

 

 

 

 

2.7

 

Weighted-average common shares outstanding, assuming dilution

 

 

 

362.4

 

 

 

 

362.8

 

Diluted earnings per share

 

$

 

1.05

 

 

$

 

0.92

 

Weighted-average anti-dilutive common share equivalents

 

 

 

0.4

 

 

 

 

0.2

 

 

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