NET EARNINGS PER COMMON SHARE

3 Months Ended

Sep. 30, 2026

Net earnings per common share (“basic EPS”) is computed by dividing net earnings by the weighted average number of common shares outstanding and shares underlying RSUs and PSUs where the vesting conditions have been met. Net earnings per common share assuming dilution (“diluted EPS”) is computed by reflecting potential dilution from stock-based awards using the treasury stock method.

A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:


	Three Months Ended September 30,
(In millions, except per share data)		2026		2025
Numerator:
Net earnings		$	233	$	47

Denominator:
Weighted average common shares outstanding – Basic		363.3		361.2
Effect of dilutive stock options		—		—
Effect of RSUs		2.8		2.1
Effect of PSUs		—		—
Weighted average common shares outstanding – Diluted		366.1		363.3

Net earnings per common share:
Basic		$	.64	$	.13
Diluted		$	.64	$	.13

The shares of Class A Common Stock underlying stock options, RSUs and PSUs that were excluded in the computation of diluted EPS because their inclusion would be anti-dilutive were as follows:


	Three Months Ended September 30,
(In millions)		2026	2025
Stock options		8.3	8.5
RSUs and PSUs		0.9	0.7

As of September 30, 2026 and 2025, 0.6 million and 0.5 million shares, respectively, of Class A Common Stock underlying PSUs have been excluded from the computation of diluted EPS as the number of shares ultimately issued is contingent on the achievement of applicable performance targets of the Company, as discussed in Notes to Consolidated Financial Statements, Note 18 – Stock Programs in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2026.