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Note C: Basic and Diluted Earnings Per Share
Basic and diluted earnings per share were calculated as follows:
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For the three months ended |
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For the nine months ended |
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February 28, |
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February 29, |
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February 28, |
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February 29, |
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In millions, except per share amounts |
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2025 |
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2024 |
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2025 |
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2024 |
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Basic earnings per share: |
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Net income |
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$ |
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519.3 |
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$ |
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498.6 |
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$ |
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1,360.1 |
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$ |
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1,310.5 |
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Weighted-average common shares outstanding |
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360.1 |
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359.9 |
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360.1 |
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360.4 |
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Basic earnings per share |
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$ |
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1.44 |
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$ |
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1.39 |
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$ |
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3.78 |
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$ |
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3.64 |
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Diluted earnings per share: |
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Net income |
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$ |
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519.3 |
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$ |
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498.6 |
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$ |
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1,360.1 |
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$ |
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1,310.5 |
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Weighted-average common shares outstanding |
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360.1 |
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359.9 |
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360.1 |
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360.4 |
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Dilutive effect of common share equivalents |
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1.9 |
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1.8 |
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1.8 |
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1.8 |
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Weighted-average common shares outstanding, assuming dilution |
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362.0 |
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361.7 |
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361.9 |
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362.2 |
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Diluted earnings per share |
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$ |
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1.43 |
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$ |
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1.38 |
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$ |
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3.76 |
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$ |
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3.62 |
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Weighted-average anti-dilutive common share equivalents |
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0.0 |
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0.6 |
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0.3 |
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0.6 |
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Weighted-average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share.
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