XML 24 R8.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Basic and Diluted Earnings Per Share | 12 Months Ended
--- | ---
May 31, 2016
Basic and Diluted Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Share | Note B — 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 |  | 2016 |  | 2015 |  | 2014
﻿Basic earnings per share: |  |  |  |  |  |  |  |  |
﻿Net income |  | $ | 756.8 |  | $ | 674.9 |  | $ | 627.5
﻿Weighted-average common shares outstanding |  |  | 360.7 |  |  | 362.9 |  |  | 364.5
﻿Basic earnings per share |  | $ | 2.10 |  | $ | 1.86 |  | $ | 1.72
﻿Diluted earnings per share: |  |  |  |  |  |  |  |  |
﻿Net income |  | $ | 756.8 |  | $ | 674.9 |  | $ | 627.5
﻿Weighted-average common shares outstanding |  |  | 360.7 |  |  | 362.9 |  |  | 364.5
﻿Dilutive effect of common share equivalents |  |  | 1.8 |  |  | 1.7 |  |  | 1.6
﻿Weighted-average common shares outstanding, assuming dilution |  |  | 362.5 |  |  | 364.6 |  |  | 366.1
﻿Diluted earnings per share |  | $ | 2.09 |  | $ | 1.85 |  | $ | 1.71
﻿Weighted-average anti-dilutive common share equivalents |  |  | 0.5 |  |  | 0.3 |  |  | 0.7
﻿ Weighted-average common share equivalents that had an anti-dilutive impact are excluded from the computation of diluted earnings per share. In May 2014, the Board approved a program to repurchase up to $350.0 million of the Company's common stock with authorization expiring on May 31, 2017. During fiscal 2016, the Company repurchased 2.2 million shares for $107.9 million and during fiscal 2015, the Company repurchased 3.9 million shares for $182.4 million under this program. All shares repurchased were retired. In July 2016, the Board approved a new program to repurchase up to $350.0 million of the Company’s common stock with authorization expiring on May 31, 2019. The purpose of the program is to manage common stock dilution. Shares purchased will be retired. ﻿

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration