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
 6 Months Ended
Nov. 30, 2012
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
November 30,
 
For the six months ended
November 30,
In millions, except per share amounts
2012
 
2011
 
2012
 
2011
Basic earnings per share:
 
 
 
 
 
 
 
Net income
$
147.9

 
$
140.4

 
$
301.0

 
$
289.3

Weighted-average common shares outstanding
363.6

 
362.4

 
363.3

 
362.3

Basic earnings per share
$
0.41

 
$
0.39

 
$
0.83

 
$
0.80

Diluted earnings per share:
 
 
 
 
 
 
 
Net income
$
147.9

 
$
140.4

 
$
301.0

 
$
289.3

Weighted-average common shares outstanding
363.6

 
362.4

 
363.3

 
362.3

Dilutive effect of common share equivalents at average market price
0.8

 
0.4

 
0.8

 
0.5

Weighted-average common shares outstanding, assuming dilution
364.4

 
362.8

 
364.1

 
362.8

Diluted earnings per share
$
0.41

 
$
0.39

 
$
0.83

 
$
0.80

Weighted-average anti-dilutive common share equivalents
7.5

 
10.7

 
7.5

 
11.0


Weighted-average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share.
For the three months ended November 30, 2012 and 2011, 0.3 million and minimal shares, respectively, of the Company’s common stock were issued related to exercises or vesting of stock-based awards. For the six months ended November 30, 2012 and 2011, 1.1 million shares and 0.3 million shares, respectively, of the Company's common stock were issued related to exercises or vesting of stock-based awards.