Basic and diluted earnings per share were calculated as follows:
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For the three months ended |
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For the nine months ended |
In millions, except per share amounts |
February 28, 2013 |
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February 29, 2012 |
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February 28, 2013 |
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February 29, 2012 |
Basic earnings per share: |
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Net income |
$ |
144.5 |
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$ |
135.4 |
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$ |
445.5 |
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$ |
424.7 |
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Weighted-average common shares outstanding |
363.8 |
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362.5 |
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363.5 |
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362.4 |
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Basic earnings per share |
$ |
0.40 |
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$ |
0.37 |
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$ |
1.23 |
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$ |
1.17 |
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Diluted earnings per share: |
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Net income |
$ |
144.5 |
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$ |
135.4 |
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$ |
445.5 |
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$ |
424.7 |
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Weighted-average common shares outstanding |
363.8 |
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362.5 |
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363.5 |
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362.4 |
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Dilutive effect of common share equivalents at average market price |
0.8 |
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0.6 |
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0.7 |
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0.5 |
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Weighted-average common shares outstanding, assuming dilution |
364.6 |
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363.1 |
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364.2 |
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362.9 |
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Diluted earnings per share |
$ |
0.40 |
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$ |
0.37 |
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$ |
1.22 |
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$ |
1.17 |
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Weighted-average anti-dilutive common share equivalents |
7.0 |
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8.9 |
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7.3 |
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10.3 |
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