Earnings Per Share and Stock Issuances

6 Months Ended

May. 31, 2015

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE AND STOCK ISSUANCE

The following table sets forth the reconciliation of average shares outstanding (in millions):



	Three months ended May 31,		Six months ended May 31,
	2015	2014	2015	2014
Average shares outstanding – basic	127.9	130.2	128.1	130.6
Effect of dilutive securities:
Stock options/RSUs/LTPP	1.1	1.0	1.1	1.1
Average shares outstanding – diluted	129.0	131.2	129.2	131.7

The following table sets forth the stock options and RSUs for the three and six months ended May 31, 2015 and 2014 which were not considered in our earnings per share calculation since they were anti-dilutive (in millions):



	Three months ended May 31,		Six months ended May 31,
	2015	2014	2015	2014
Anti-dilutive securities	0.9	1.6	0.6	1.3

The following table sets forth the common stock activity for the three and six months ended May 31, 2015 and 2014 under the Company’s stock option and employee stock purchase plans and the repurchases of common stock under its stock repurchase program (in millions):



	Three months ended May 31,		Six months ended May 31,
	2015	2014	2015			2014
Shares issued under stock option, employee stock purchase plans and RSUs	0.1	0.3	0.4			0.6
Shares repurchased in connection with the stock repurchase program	0.1	1.0	0.9	(1	)	1.9

(1) The number of shares repurchased reported in the first quarter of 2015 plus the number of shares repurchased in the second quarter of 2015 do not equal the total shares repurchased for the six months ended May 31, 2015 due to rounding.

As of May 31, 2015, $46 million remained of the $400 million share repurchase authorization that was authorized by the Board of Directors in April 2013. All of the additional $600 million share repurchase authorization that was authorized by the Board of Directors in March 2015 remains available.