Net Income (Loss) Per Common Share Attributable to CBI

3 Months Ended

May 31, 2024

NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CBI

For the three months ended May 31, 2024, and May 31, 2023, net income (loss) per common share – basic for Class A Stock has been computed based on the weighted average shares of common stock outstanding during the period. Net income (loss) per common share – diluted for Class A Stock reflects the weighted average shares of common stock plus the effect of dilutive securities outstanding during the period using the treasury stock method.

The effect of dilutive securities includes the impact of outstanding stock-based awards. The dilutive computation does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on the net income (loss) per common share attributable to CBI. The computation of basic and diluted net income (loss) per common share for Class A Stock are as follows:


	For the Three Months Ended May 31,
	2024		2023
(in millions, except per share data)
Net income (loss) attributable to CBI	$	877.0	$	135.9

Weighted average common shares outstanding – basic	182.766		183.270
Stock-based awards, primarily stock options	0.695		0.593
Weighted average common shares outstanding – diluted	183.461		183.863

Net income (loss) per common share attributable to CBI – basic	$	4.80	$	0.74
Net income (loss) per common share attributable to CBI – diluted	$	4.78	$	0.74