Earnings Per Share and Stock Issuances

3 Months Ended

Feb. 28, 2017

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE AND STOCK ISSUANCE

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



	Three months ended
	February 28, 2017	February 29, 2016
Average shares outstanding – basic	125.1	127.1
Effect of dilutive securities:
Stock options/RSUs/LTPP	1.8	1.2
Average shares outstanding – diluted	126.9	128.3

The following table sets forth the stock options and RSUs for the three months ended February 28, 2017 and February 29, 2016 which were not considered in our earnings per share calculation since they were anti-dilutive (in millions):



	Three months ended
	February 28, 2017	February 29, 2016
Anti-dilutive securities	0.8	0.2

The following table sets forth the common stock activity for the three months ended February 28, 2017 and February 29, 2016 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
	February 28, 2017	February 29, 2016
Shares issued under stock option, employee stock purchase plans and RSUs	0.2	0.1
Shares repurchased in connection with the stock repurchase program	0.9	0.6

As of February 28, 2017, $244 million remained of the $600 million share repurchase authorization that was authorized by the Board of Directors in March 2015.