|
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 |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Basic earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
|
395.4 |
|
|
$ |
|
413.4 |
|
|
$ |
|
779.2 |
|
|
$ |
|
840.8 |
|
Weighted-average common shares outstanding |
|
|
|
359.4 |
|
|
|
|
360.0 |
|
|
|
|
359.7 |
|
|
|
|
360.1 |
|
Basic earnings per share |
|
$ |
|
1.10 |
|
|
$ |
|
1.15 |
|
|
$ |
|
2.17 |
|
|
$ |
|
2.34 |
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
|
395.4 |
|
|
$ |
|
413.4 |
|
|
$ |
|
779.2 |
|
|
$ |
|
840.8 |
|
Weighted-average common shares outstanding |
|
|
|
359.4 |
|
|
|
|
360.0 |
|
|
|
|
359.7 |
|
|
|
|
360.1 |
|
Dilutive effect of common share equivalents |
|
|
|
1.0 |
|
|
|
|
1.7 |
|
|
|
|
1.4 |
|
|
|
|
1.7 |
|
Weighted-average common shares outstanding, assuming dilution |
|
|
|
360.4 |
|
|
|
|
361.7 |
|
|
|
|
361.1 |
|
|
|
|
361.8 |
|
Diluted earnings per share |
|
$ |
|
1.10 |
|
|
$ |
|
1.14 |
|
|
$ |
|
2.16 |
|
|
$ |
|
2.32 |
|
Weighted-average anti-dilutive common share equivalents |
|
|
|
0.9 |
|
|
|
|
0.3 |
|
|
|
|
0.5 |
|
|
|
|
0.4 |
|
Weighted-average common share equivalents that had an anti-dilutive impact are excluded from the computation of diluted earnings per share.
|