Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.21.1
Basic and Diluted Earnings Per Share
9 Months Ended
Feb. 28, 2021
Basic and Diluted 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 29,

February 28,

February 29,

In millions, except per share amounts

2021

2020

2021

2020

Basic earnings per share:

Net income

$

350.5

$

354.5

$

834.5

$

877.4

Weighted-average common shares outstanding

360.6

358.5

359.8

358.5

Basic earnings per share

$

0.97

$

0.99

$

2.32

$

2.45

Diluted earnings per share:

Net income

$

350.5

$

354.5

$

834.5

$

877.4

Weighted-average common shares outstanding

360.6

358.5

359.8

358.5

Dilutive effect of common share equivalents

2.2

2.5

2.2

2.6

Weighted-average common shares outstanding, assuming dilution

362.8

361.0

362.0

361.1

Diluted earnings per share

$

0.97

$

0.98

$

2.31

$

2.43

Weighted-average anti-dilutive common share equivalents

0.6

0.7

0.5

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