Computation of Earnings Per Share

3 Months Ended

Aug. 31, 2016

Earnings Per Share [Abstract]

Computation of Earnings Per Share

(4) 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):

		2016		2015
Basic earnings per common share:
Net earnings allocable to common shares(1)		$	714	$	691
Weighted-average common shares			265		282
Basic earnings per common share		$	2.69	$	2.45
Diluted earnings per common share:
Net earnings allocable to common shares(1)		$	714	$	691
Weighted-average common shares			265		282
Dilutive effect of share-based awards			4		4
Weighted-average diluted shares			269		286
Diluted earnings per common share		$	2.65	$	2.42
Anti-dilutive options excluded from diluted
	earnings per common share		5.1		3.5

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