Earnings Per Share and Stock Issuances

3 Months Ended

Feb. 28, 2021

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE AND STOCK ISSUANCES

EARNINGS PER SHARE

The following table sets forth the reconciliation of average shares outstanding for the three months ended February 28, 2021 and February 29, 2020 (in millions):

	2021	2020
Average shares outstanding – basic	267.1	266.0
Effect of dilutive securities:
Stock options/RSUs/LTPP	2.8	2.7
Average shares outstanding – diluted	269.9	268.7

The following table sets forth the stock options and RSUs for the three months ended February 28, 2021 and February 29, 2020 that were not considered in our earnings per share calculation since they were anti-dilutive (in millions):

	2021	2020
Anti-dilutive securities	—	0.2

The following table sets forth the common stock activity for the three months ended February 28, 2021 and February 29, 2020 (in millions):

	2021	2020
Shares issued under stock options, RSUs, LTPP and employee stock purchase plans	0.2	0.2
Shares repurchased under the stock repurchase program and shares withheld for taxes under stock options, RSUs, LTPP and employee stock purchase programs	0.1	0.2

As of February 28, 2021, $584.6 million remained of the $600 million share repurchase program authorization approved by our Board of Directors in November 2019.