Computation of Earnings Per Share

3 Months Ended

Aug. 31, 2018

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):

	Three Months Ended
	2018		2017
Basic earnings per common share:
Net earnings allocable to common shares(1)	$	834	$	595
Weighted-average common shares		265		268
Basic earnings per common share	$	3.15	$	2.22
Diluted earnings per common share:
Net earnings allocable to common shares(1)	$	834	$	595
Weighted-average common shares		265		268
Dilutive effect of share-based awards		4		4
Weighted-average diluted shares		269		272
Diluted earnings per common share	$	3.10	$	2.19
Anti-dilutive options excluded from diluted earnings per    common share		3.7		3.2

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