Basic and Diluted Earnings Per Share

6 Months Ended

Nov. 30, 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:

	For the three months ended				For the six months ended
	November 30,				November 30,
In millions, except per share amounts	2024		2023		2024		2023
Basic earnings per share:
Net income	$	413.4	$	392.7	$	840.8	$	811.9
Weighted-average common shares outstanding		360.0		360.5		360.1		360.6
Basic earnings per share	$	1.15	$	1.09	$	2.34	$	2.25
Diluted earnings per share:
Net income	$	413.4	$	392.7	$	840.8	$	811.9
Weighted-average common shares outstanding		360.0		360.5		360.1		360.6
Dilutive effect of common share equivalents		1.7		1.6		1.7		1.8
Weighted-average common shares outstanding, assuming dilution		361.7		362.1		361.8		362.4
Diluted earnings per share	$	1.14	$	1.08	$	2.32	$	2.24
Weighted-average anti-dilutive common share equivalents		0.3		0.8		0.4		0.7

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