Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share (Tables)

v3.23.4
Basic and Diluted Earnings Per Share (Tables)
6 Months Ended
Nov. 30, 2023
Earnings Per Share [Abstract]  
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

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

392.7

 

 

$

 

360.3

 

 

$

 

811.9

 

 

$

 

739.5

 

Weighted-average common shares outstanding

 

 

 

360.5

 

 

 

 

360.5

 

 

 

 

360.6

 

 

 

 

360.2

 

Basic earnings per share

 

$

 

1.09

 

 

$

 

1.00

 

 

$

 

2.25

 

 

$

 

2.05

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

392.7

 

 

$

 

360.3

 

 

$

 

811.9

 

 

$

 

739.5

 

Weighted-average common shares outstanding

 

 

 

360.5

 

 

 

 

360.5

 

 

 

 

360.6

 

 

 

 

360.2

 

Dilutive effect of common share equivalents

 

 

 

1.6

 

 

 

 

1.8

 

 

 

 

1.8

 

 

 

 

2.1

 

Weighted-average common shares outstanding, assuming dilution

 

 

 

362.1

 

 

 

 

362.3

 

 

 

 

362.4

 

 

 

 

362.3

 

Diluted earnings per share

 

$

 

1.08

 

 

$

 

0.99

 

 

$

 

2.24

 

 

$

 

2.04

 

Weighted-average anti-dilutive common share equivalents

 

 

 

0.8

 

 

 

 

0.9

 

 

 

 

0.7

 

 

 

 

0.7