Computation of Earnings Per Share

12 Months Ended

May 31, 2016

Earnings Per Share [Abstract]

Computation of Earnings Per Share

NOTE 11: 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):

		2016		2015		2014
Basic earnings per common share:
Net earnings allocable to common shares(1)		$	1,818	$	1,048	$	2,320
Weighted-average common shares			276		283		307
Basic earnings per common share		$	6.59	$	3.70	$	7.56
Diluted earnings per common share:
Net earnings allocable to common shares(1)		$	1,818	$	1,048	$	2,320
Weighted-average common shares			276		283		307
Dilutive effect of share-based awards			3		4		3
Weighted-average diluted shares			279		287		310
Diluted earnings per common share		$	6.51	$	3.65	$	7.48
Anti-dilutive options excluded from diluted
	earnings per common share		3.9		2.1		3.3
(1)	Net earnings available to participating securities were immaterial in all periods presented.