Basic and Diluted Earnings Per Share

12 Months Ended

May 31, 2024

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

Note C — Basic and Diluted Earnings Per Share

Basic and diluted earnings per share were calculated as follows:

	Year ended May 31,
In millions, except per share amounts	2024		2023		2022
Basic earnings per share:
Net income	$	1,690.4	$	1,557.3	$	1,392.8
Weighted-average common shares outstanding		360.3		360.4		360.6
Basic earnings per share	$	4.69	$	4.32	$	3.86
Diluted earnings per share:
Net income	$	1,690.4	$	1,557.3	$	1,392.8
Weighted-average common shares outstanding		360.3		360.4		360.6
Dilutive effect of common share equivalents		1.8		1.9		2.5
Weighted-average common shares outstanding, assuming dilution		362.1		362.3		363.1
Diluted earnings per share	$	4.67	$	4.30	$	3.84
Weighted-average anti-dilutive common share equivalents		0.6		0.7		0.2

Weighted-average common share equivalents that had an anti-dilutive impact are excluded from the computation of diluted earnings per share.