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
 9 Months Ended
Feb. 28, 2013
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
 
For the nine months ended
In millions, except per share amounts
February 28, 2013
 
February 29, 2012
 
February 28, 2013
 
February 29, 2012
Basic earnings per share:
 
 
 
 
 
 
 
Net income
$
144.5

 
$
135.4

 
$
445.5

 
$
424.7

Weighted-average common shares outstanding
363.8

 
362.5

 
363.5

 
362.4

Basic earnings per share
$
0.40

 
$
0.37

 
$
1.23

 
$
1.17

Diluted earnings per share:
 
 
 
 
 
 
 
Net income
$
144.5

 
$
135.4

 
$
445.5

 
$
424.7

Weighted-average common shares outstanding
363.8

 
362.5

 
363.5

 
362.4

Dilutive effect of common share equivalents at average market price
0.8

 
0.6

 
0.7

 
0.5

Weighted-average common shares outstanding, assuming dilution
364.6

 
363.1

 
364.2

 
362.9

Diluted earnings per share
$
0.40

 
$
0.37

 
$
1.22

 
$
1.17

Weighted-average anti-dilutive common share equivalents
7.0

 
8.9

 
7.3

 
10.3


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 February 28, 2013 and February 29, 2012, 0.2 million and 0.1 million shares, respectively, of the Company’s common stock were issued in connection with the exercise or vesting of stock-based awards. For the nine months ended February 28, 2013 and February 29, 2012, 1.3 million shares and 0.4 million shares, respectively, of the Company's common stock were issued in connection with the exercise or vesting of stock-based awards.