Note C: Basic and Diluted Earnings Per Share Basic and diluted earnings per share were calculated as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended |
|
|
|
August 31, |
|
In millions, except per share amounts |
|
2026 |
|
|
2025 |
|
Basic earnings per share: |
|
|
|
|
|
|
|
|
Net income |
|
$ |
|
429.7 |
|
|
$ |
|
383.8 |
|
Weighted-average common shares outstanding |
|
|
|
355.8 |
|
|
|
|
360.1 |
|
Basic earnings per share |
|
$ |
|
1.21 |
|
|
$ |
|
1.07 |
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
Net income |
|
$ |
|
429.7 |
|
|
$ |
|
383.8 |
|
Weighted-average common shares outstanding |
|
|
|
355.8 |
|
|
|
|
360.1 |
|
Dilutive effect of common share equivalents |
|
|
|
0.8 |
|
|
|
|
1.8 |
|
Weighted-average common shares outstanding, assuming dilution |
|
|
|
356.6 |
|
|
|
|
361.9 |
|
Diluted earnings per share |
|
$ |
|
1.21 |
|
|
$ |
|
1.06 |
|
Weighted-average anti-dilutive common share equivalents |
|
|
|
2.1 |
|
|
|
|
0.2 |
|
Weighted-average common share equivalents that had an anti-dilutive impact are excluded from the computation of diluted earnings per share.
|