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Earnings Per Share
6 Months Ended
Nov. 29, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

(10) Earnings Per Share

 

Basic and diluted earnings per share (EPS) were calculated using the following:

 

 

 

Quarter Ended

 

 

Six-Month

Period Ended

In Millions, Except per Share Data

 

 

Nov. 29, 2020

 

 

Nov. 24, 2019

 

 

Nov. 29, 2020

 

 

Nov. 24, 2019

Net earnings attributable to General Mills

 

$

688.4

 

$

580.8

 

$

1,327.3

 

$

1,101.4

Average number of common shares - basic EPS

 

 

614.8

 

 

607.4

 

 

614.5

 

 

606.7

Incremental share effect from: (a)

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

2.5

 

 

2.7

 

 

2.8

 

 

2.9

Restricted stock units and performance share units

 

 

2.3

 

 

2.2

 

 

2.4

 

 

2.2

Average number of common shares - diluted EPS

 

 

619.6

 

 

612.3

 

 

619.7

 

 

611.8

Earnings per share - basic

 

$

1.12

 

$

0.96

 

$

2.16

 

$

1.82

Earnings per share - diluted

 

$

1.11

 

$

0.95

 

$

2.14

 

$

1.80

(a) Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock method.

 

Stock options, restricted stock units, and performance share units excluded from our computation of diluted EPS because they were not dilutive were as follows:

 

 

 

Quarter Ended

 

Six-Month

Period Ended

 

In Millions

 

Nov. 29, 2020

 

Nov. 24, 2019

 

Nov. 29, 2020

 

Nov. 24, 2019

 

Anti-dilutive stock options, restricted stock units, and

performance share units

 

3.5

 

10.6

 

3.3

 

10.3