Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v2.4.0.6
Basic and Diluted Earnings Per Share
 9 Months Ended
Feb. 29, 2012
Basic and Diluted Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

Note B: 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  

In millions, except per share amounts

   February 29,
2012		     February 28,
2011		     February 29,
2012		     February 28,
2011		  

Basic earnings per share:

                                

Net income

   $ 135.4     $ 130.6     $ 424.7     $ 396.4  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding

     362.5       361.8       362.4       361.7  
   

 

 

    

 

 

    

 

 

    

 

 

  

Basic earnings per share

   $ 0.37     $ 0.36     $ 1.17     $ 1.10  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted earnings per share:

                                

Net income

   $ 135.4     $ 130.6     $ 424.7     $ 396.4  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding

     362.5       361.8       362.4       361.7  

Dilutive effect of common share equivalents at average market price

     0.6       0.8       0.5       0.5  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding, assuming dilution

     363.1       362.6       362.9       362.2  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted earnings per share

   $ 0.37     $ 0.36     $ 1.17     $ 1.09  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average anti-dilutive common share equivalents

     8.9       9.4       10.3       12.3  

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

For the three and nine months ended February 29, 2012, 0.1 million shares and 0.4 million shares, respectively, of the Company’s common stock were issued related to exercises or vesting of stock-based awards, compared with 0.2 million shares and 0.4 million shares, respectively, for the three and nine months ended February 28, 2011.