XML 38 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Computation of Earnings Per Share
 9 Months Ended
Feb. 29, 2020
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 February 29, 2020 and February 28, 2019 was as follows (in millions, except per share amounts):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

314

 

 

$

738

 

 

$

1,617

 

 

$

2,506

 

Weighted-average common shares

 

 

261

 

 

 

261

 

 

 

261

 

 

 

262

 

Basic earnings per common share

 

$

1.21

 

 

$

2.83

 

 

$

6.21

 

 

$

9.55

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

314

 

 

$

738

 

 

$

1,617

 

 

$

2,506

 

Weighted-average common shares

 

 

261

 

 

 

261

 

 

 

261

 

 

 

262

 

Dilutive effect of share-based awards

 

 

1

 

 

 

2

 

 

 

1

 

 

 

4

 

Weighted-average diluted shares

 

 

262

 

 

 

263

 

 

 

262

 

 

 

266

 

Diluted earnings per common share

 

$

1.20

 

 

$

2.80

 

 

$

6.17

 

 

$

9.41

 

Anti-dilutive options excluded from diluted earnings per

   common share

 

 

11.7

 

 

 

7.2

 

 

 

11.2

 

 

 

5.0

 

 

 

(1)

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