Basic and diluted earnings per share were calculated as follows:
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For the three months ended
November 30, |
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For the six months ended
November 30, |
In millions, except per share amounts |
2012 |
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2011 |
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2012 |
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2011 |
Basic earnings per share: |
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Net income |
$ |
147.9 |
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$ |
140.4 |
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$ |
301.0 |
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$ |
289.3 |
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Weighted-average common shares outstanding |
363.6 |
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|
362.4 |
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|
363.3 |
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|
362.3 |
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Basic earnings per share |
$ |
0.41 |
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$ |
0.39 |
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$ |
0.83 |
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$ |
0.80 |
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Diluted earnings per share: |
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Net income |
$ |
147.9 |
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$ |
140.4 |
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$ |
301.0 |
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$ |
289.3 |
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Weighted-average common shares outstanding |
363.6 |
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|
362.4 |
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|
363.3 |
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|
362.3 |
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Dilutive effect of common share equivalents at average market price |
0.8 |
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0.4 |
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0.8 |
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0.5 |
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Weighted-average common shares outstanding, assuming dilution |
364.4 |
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362.8 |
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364.1 |
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362.8 |
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Diluted earnings per share |
$ |
0.41 |
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$ |
0.39 |
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$ |
0.83 |
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$ |
0.80 |
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Weighted-average anti-dilutive common share equivalents |
7.5 |
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10.7 |
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7.5 |
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11.0 |
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