Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.23.1
Basic and Diluted Earnings Per Share
9 Months Ended
Feb. 28, 2023
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 nine months ended

 

 

 

February 28,

 

 

February 28,

 

In millions, except per share amounts

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

467.4

 

 

$

 

430.7

 

 

$

 

1,206.9

 

 

$

 

1,096.4

 

Weighted-average common shares outstanding

 

 

 

360.5

 

 

 

 

360.9

 

 

 

 

360.3

 

 

 

 

360.6

 

Basic earnings per share

 

$

 

1.30

 

 

$

 

1.19

 

 

$

 

3.35

 

 

$

 

3.04

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

467.4

 

 

$

 

430.7

 

 

$

 

1,206.9

 

 

$

 

1,096.4

 

Weighted-average common shares outstanding

 

 

 

360.5

 

 

 

 

360.9

 

 

 

 

360.3

 

 

 

 

360.6

 

Dilutive effect of common share equivalents

 

 

 

1.8

 

 

 

 

2.5

 

 

 

 

2.0

 

 

 

 

2.5

 

Weighted-average common shares outstanding, assuming dilution

 

 

 

362.3

 

 

 

 

363.4

 

 

 

 

362.3

 

 

 

 

363.1

 

Diluted earnings per share

 

$

 

1.29

 

 

$

 

1.19

 

 

$

 

3.33

 

 

$

 

3.02

 

Weighted-average anti-dilutive common share equivalents

 

 

 

0.7

 

 

 

 

0.3

 

 

 

 

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.