Computation of Earnings Per Share

6 Months Ended

Nov. 30, 2019

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 periods ended November 30 was as follows (in millions, except per share amounts):

	Three Months Ended				Six Months Ended
	2019		2018		2019		2018
Basic earnings per common share:
Net earnings allocable to common shares(1)	$	559	$	933	$	1,303	$	1,768
Weighted-average common shares		261		262		261		263
Basic earnings per common share	$	2.15	$	3.56	$	5.00	$	6.71
Diluted earnings per common share:
Net earnings allocable to common shares(1)	$	559	$	933	$	1,303	$	1,768
Weighted-average common shares		261		262		261		263
Dilutive effect of share-based awards		1		4		1		5
Weighted-average diluted shares		262		266		262		268
Diluted earnings per common share	$	2.13	$	3.51	$	4.97	$	6.60
Anti-dilutive options excluded from diluted earnings per    common share		11.2		4.0		11.0		3.8

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