Earnings Per Share and Stock Issuances

9 Months Ended

Aug. 31, 2014

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE AND STOCK ISSUANCES

EARNINGS PER SHARE AND STOCK ISSUANCE

The following table sets forth the reconciliation of average shares outstanding (in millions):

	Three months ended August 31,		Nine months ended August 31,
	2014	2013	2014	2013
Average shares outstanding – basic	129.6	132.1	130.3	132.2
Effect of dilutive securities:
Stock options/RSUs/MTIP	1.0	1.4	1.0	1.5
Average shares outstanding – diluted	130.6	133.5	131.3	133.7

The following table sets forth the stock options and RSUs for the three and nine months ended August 31, 2014 and 2013 which were not considered in our earnings per share calculation since they were anti-dilutive (in millions):

	Three months ended August 31,		Nine months ended August 31,
	2014	2013	2014	2013
Anti-dilutive securities	1.9	0.9	1.5	0.5

The following table sets forth the common stock activity for the nine months ended August 31, 2014 and 2013 under the Company’s stock option and employee stock purchase plans and the repurchases of common stock under its stock repurchase program (in millions):

	Three months ended August 31,		Nine months ended August 31,
	2014	2013	2014	2013
Shares issued under stock option, employee stock purchase plans and RSUs	0.1	0.1	0.7	0.9
Shares repurchased in connection with the stock repurchase program	0.7	—	2.6	1.4

As of August 31, 2014, $181 million remained of the $400 million share repurchase authorization that was authorized by the Board of Directors in April 2013.