Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.24.4
Basic and Diluted Earnings Per Share
6 Months Ended
Nov. 30, 2024
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

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

413.4

 

 

$

 

392.7

 

 

$

 

840.8

 

 

$

 

811.9

 

Weighted-average common shares outstanding

 

 

 

360.0

 

 

 

 

360.5

 

 

 

 

360.1

 

 

 

 

360.6

 

Basic earnings per share

 

$

 

1.15

 

 

$

 

1.09

 

 

$

 

2.34

 

 

$

 

2.25

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

413.4

 

 

$

 

392.7

 

 

$

 

840.8

 

 

$

 

811.9

 

Weighted-average common shares outstanding

 

 

 

360.0

 

 

 

 

360.5

 

 

 

 

360.1

 

 

 

 

360.6

 

Dilutive effect of common share equivalents

 

 

 

1.7

 

 

 

 

1.6

 

 

 

 

1.7

 

 

 

 

1.8

 

Weighted-average common shares outstanding, assuming dilution

 

 

 

361.7

 

 

 

 

362.1

 

 

 

 

361.8

 

 

 

 

362.4

 

Diluted earnings per share

 

$

 

1.14

 

 

$

 

1.08

 

 

$

 

2.32

 

 

$

 

2.24

 

Weighted-average anti-dilutive common share equivalents

 

 

 

0.3

 

 

 

 

0.8

 

 

 

 

0.4

 

 

 

 

0.7

 

 

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