Earnings (Loss) Per Common Share

12 Months Ended

Mar. 31, 2024

Basic earnings (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. The computation of diluted earnings (loss) per common share is similar to that of basic earnings (loss) per common share, except that the former reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock. Potentially dilutive securities include outstanding stock options, restricted stock units, and performance-based and other restricted stock units.

Less than one million of potentially dilutive securities for fiscal 2024, fiscal 2023, and fiscal 2022 were excluded from the computation of diluted earnings (loss) per common share as they were anti-dilutive.

The computations for basic and diluted earnings or loss per common share were as follows:


	Years Ended March 31,
(In millions, except per share amounts)	2024		2023		2022
Income from continuing operations	$	3,160	$	3,725	$	1,292
Net income attributable to noncontrolling interests	(158)		(162)		(173)
Income from continuing operations attributable to McKesson Corporation	3,002		3,563		1,119
Loss from discontinued operations, net of tax	—		(3)		(5)
Net income attributable to McKesson Corporation	$	3,002	$	3,560	$	1,114

Weighted-average common shares outstanding:
Basic	133.2		141.1		152.3
Effect of dilutive securities:
Stock options	0.2		0.2		0.2
Restricted stock units (1)	0.7		0.9		1.6
Diluted	134.1		142.2		154.1

Earnings (loss) per common share attributable to McKesson Corporation: (2)
Diluted
Continuing operations	$	22.39	$	25.05	$	7.26
Discontinued operations	—		(0.02)		(0.03)
Total	$	22.39	$	25.03	$	7.23
Basic
Continuing operations	$	22.54	$	25.25	$	7.35
Discontinued operations	—		(0.02)		(0.03)
Total	$	22.54	$	25.23	$	7.32

(1)Includes dilutive effect from restricted stock units and performance-based restricted stock units.

(2)Certain computations may reflect rounding adjustments.