Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Earnings Per Share (Tables)

v3.24.1
Basic and Diluted Earnings Per Share (Tables)
9 Months Ended
Feb. 29, 2024
Earnings Per Share [Abstract]  
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 29,

 

 

February 28,

 

 

February 29,

 

 

February 28,

 

In millions, except per share amounts

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

498.6

 

 

$

 

467.4

 

 

$

 

1,310.5

 

 

$

 

1,206.9

 

Weighted-average common shares outstanding

 

 

 

359.9

 

 

 

 

360.5

 

 

 

 

360.4

 

 

 

 

360.3

 

Basic earnings per share

 

$

 

1.39

 

 

$

 

1.30

 

 

$

 

3.64

 

 

$

 

3.35

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 

498.6

 

 

$

 

467.4

 

 

$

 

1,310.5

 

 

$

 

1,206.9

 

Weighted-average common shares outstanding

 

 

 

359.9

 

 

 

 

360.5

 

 

 

 

360.4

 

 

 

 

360.3

 

Dilutive effect of common share equivalents

 

 

 

1.8

 

 

 

 

1.8

 

 

 

 

1.8

 

 

 

 

2.0

 

Weighted-average common shares outstanding, assuming dilution

 

 

 

361.7

 

 

 

 

362.3

 

 

 

 

362.2

 

 

 

 

362.3

 

Diluted earnings per share

 

$

 

1.38

 

 

$

 

1.29

 

 

$

 

3.62

 

 

$

 

3.33

 

Weighted-average anti-dilutive common share equivalents

 

 

 

0.6

 

 

 

 

0.7

 

 

 

 

0.6

 

 

 

 

0.7