XML 94 R10.htm IDEA: XBRL DOCUMENT
v3.19.3

Basic and Diluted Earnings Per Share | 3 Months Ended
--- | ---
Aug. 31, 2019
Basic and Diluted 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
|  | August 31,
In millions, except per share amounts |  | 2019 |  | 2018
Basic earnings per share: |  |  |  |  |  |
Net income |  | $ | 264.2 |  | $ | 243.6
Weighted-average common shares outstanding |  |  | 358.6 |  |  | 359.1
Basic earnings per share |  | $ | 0.74 |  | $ | 0.68
Diluted earnings per share: |  |  |  |  |  |
Net income |  | $ | 264.2 |  | $ | 243.6
Weighted-average common shares outstanding |  |  | 358.6 |  |  | 359.1
Dilutive effect of common share equivalents |  |  | 2.9 |  |  | 2.4
Weighted-average common shares outstanding, assuming dilution |  |  | 361.5 |  |  | 361.5
Diluted earnings per share |  | $ | 0.73 |  | $ | 0.67
Weighted-average anti-dilutive common share equivalents |  |  | 0.3 |  |  | 0.3
Weighted-average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share. For the three months ended August 31, 2019 and August 31, 2018, 0.6 million and 0.5 million shares, respectively, of the Company’s common stock were issued in connection with the exercise or vesting of stock-based awards. In May 2019, the Company announced that its Board of Directors approved a program to repurchase up to $400.0 million of the Company’s common stock, with authorization expiring on May 31, 2022. During the three months ended August 31, 2019, the Company repurchased 2.0 million shares for $171.9 million. During the three months ended August 31, 2018, the Company repurchased 0.5 million shares for $32.8 million under a previously authorized program. The purpose of both programs is to manage common stock dilution. All shares of common stock repurchased were 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration