Computation of Earnings Per Share

3 Months Ended

Aug. 31, 2022

Earnings Per Share [Abstract]

Computation of Earnings Per Share

(5) Computation of Earnings Per Share

The calculation of basic and diluted earnings per common share for the three-month periods ended August 31 was as follows (in millions, except per share amounts):

	2022		2021
Basic earnings per common share:
Net earnings allocable to common shares(1)	$	874	$	1,110
Weighted-average common shares		259		266
Basic earnings per common share	$	3.37	$	4.17
Diluted earnings per common share:
Net earnings allocable to common shares(1)	$	874	$	1,110
Weighted-average common shares		259		266
Dilutive effect of share-based awards		3		5
Weighted-average diluted shares		262		271
Diluted earnings per common share	$	3.33	$	4.09
Anti-dilutive options excluded from diluted earnings per    common share		5.7		2.7

(1) Net earnings available to participating securities were immaterial in all periods presented.