Earnings Per Share and Stock Issuances

3 Months Ended

Feb. 29, 2020

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 for the three months ended February 29, 2020 and February 28, 2019 (in millions):

	2020	2019
Average shares outstanding – basic	133.0	132.2
Effect of dilutive securities:
Stock options/RSUs/LTPP	1.3	1.6
Average shares outstanding – diluted	134.3	133.8

The following table sets forth the stock options and RSUs for the three months ended February 29, 2020 and February 28, 2019 that were not considered in our earnings per share calculation since they were anti-dilutive (in millions):

	2020	2019
Anti-dilutive securities	0.1	0.1

The following table sets forth the common stock activity for the three months ended February 29, 2020 and February 28, 2019 (in millions):

	2020	2019
Shares issued, net of shares withheld for taxes, under stock options, RSUs, LTPP and employee stock purchase plans	0.1	0.1
Shares repurchased under the stock repurchase program	0.1	0.2

As of February 29, 2020, $12.0 million remained of the $600 million share repurchase authorization approved by our Board of Directors in March 2015. An additional $600 million share repurchase program was authorized by our Board of Directors in November 2019, bringing the total remaining share repurchase authorization to $612.0 million as of February 29, 2020.