Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share

v3.21.4
Basic and Diluted Earnings Per Share
6 Months Ended
Nov. 30, 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 six months ended

November 30,

November 30,

In millions, except per share amounts

2021

2020

2021

2020

Basic earnings per share:

Net income

$

332.1

$

272.4

$

665.7

$

484.0

Weighted-average common shares outstanding

360.7

360.0

360.4

359.5

Basic earnings per share

$

0.92

$

0.76

$

1.85

$

1.35

Diluted earnings per share:

Net income

$

332.1

$

272.4

$

665.7

$

484.0

Weighted-average common shares outstanding

360.7

360.0

360.4

359.5

Dilutive effect of common share equivalents

2.4

2.0

2.5

2.1

Weighted-average common shares outstanding, assuming dilution

363.1

362.0

362.9

361.6

Diluted earnings per share

$

0.91

$

0.75

$

1.83

$

1.34

Weighted-average anti-dilutive common share equivalents

0.4

1.3

0.3

1.1

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