Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.22.4
Basic and Diluted Earnings Per Share
6 Months Ended
Nov. 30, 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

 

 

For the six months ended

 

 

 

November 30,

 

 

November 30,

 

In millions, except per share amounts

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

360.3

 

 

$

 

332.1

 

 

$

 

739.5

 

 

$

 

665.7

 

Weighted-average common shares outstanding

 

 

 

360.5

 

 

 

 

360.7

 

 

 

 

360.2

 

 

 

 

360.4

 

Basic earnings per share

 

$

 

1.00

 

 

$

 

0.92

 

 

$

 

2.05

 

 

$

 

1.85

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

360.3

 

 

$

 

332.1

 

 

$

 

739.5

 

 

$

 

665.7

 

Weighted-average common shares outstanding

 

 

 

360.5

 

 

 

 

360.7

 

 

 

 

360.2

 

 

 

 

360.4

 

Dilutive effect of common share equivalents

 

 

 

1.8

 

 

 

 

2.4

 

 

 

 

2.1

 

 

 

 

2.5

 

Weighted-average common shares outstanding, assuming dilution

 

 

 

362.3

 

 

 

 

363.1

 

 

 

 

362.3

 

 

 

 

362.9

 

Diluted earnings per share

 

$

 

0.99

 

 

$

 

0.91

 

 

$

 

2.04

 

 

$

 

1.83

 

Weighted-average anti-dilutive common share equivalents

 

 

 

0.9

 

 

 

 

0.4

 

 

 

 

0.7

 

 

 

 

0.3

 

 

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