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Computation of Earnings Per Share
 12 Months Ended
May 31, 2020
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):

 

 

 

2020

 

 

2019

 

 

2018

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

1,284

 

 

$

539

 

 

$

4,566

 

Weighted-average common shares

 

 

261

 

 

 

262

 

 

 

267

 

Basic earnings per common share

 

$

4.92

 

 

$

2.06

 

 

$

17.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

1,284

 

 

$

539

 

 

$

4,566

 

Weighted-average common shares

 

 

261

 

 

 

262

 

 

 

267

 

Dilutive effect of share-based awards

 

 

1

 

 

 

3

 

 

 

5

 

Weighted-average diluted shares

 

 

262

 

 

 

265

 

 

 

272

 

Diluted earnings per common share

 

$

4.90

 

 

$

2.03

 

 

$

16.79

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive options excluded from diluted earnings per common share

 

 

11.7

 

 

 

5.4

 

 

 

2.5

 

 

(1)

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