Computation of Earnings Per Share

12 Months Ended

May 31, 2011

Earnings Per Share Abstract

Computation of Earnings Per Share

NOTE 10: COMPUTATION OF EARNINGS PER SHARE

The calculation of basic and diluted earnings per common share for the years ended May 31 was as follows (in millions, except per share amounts):

		2011		2010		2009
Basic earnings per common share:
Net earnings allocable to common shares(1)		$	1,449	$	1,182	$	97
Weighted-average common shares			315		312		311
Basic earnings per common share		$	4.61	$	3.78	$	0.31
Diluted earnings per common share:
Net earnings allocable to common shares(1)		$	1,449	$	1,182	$	97
Weighted-average common shares			315		312		311
Dilutive effect of share-based awards			2		2		1
Weighted-average diluted shares			317		314		312
Diluted earnings per common share		$	4.57	$	3.76	$	0.31
Anti-dilutive options excluded from diluted
	earnings per common share		9.3		11.5		12.6
(1)	Net earnings available to participating securities were immaterial in all periods presented.