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(5) 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):
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2020 |
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2019 |
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Basic earnings per common share: |
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|
|
|
|
|
|
|
|
Net earnings allocable to common shares(1) |
|
$ |
1,243 |
|
|
$ |
744 |
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Weighted-average common shares |
|
|
262 |
|
|
|
260 |
|
|
Basic earnings per common share |
|
$ |
4.75 |
|
|
$ |
2.86 |
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Diluted earnings per common share: |
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|
|
|
|
|
|
|
|
Net earnings allocable to common shares(1) |
|
$ |
1,243 |
|
|
$ |
744 |
|
|
Weighted-average common shares |
|
|
262 |
|
|
|
260 |
|
|
Dilutive effect of share-based awards |
|
|
1 |
|
|
|
2 |
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Weighted-average diluted shares |
|
|
263 |
|
|
|
262 |
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Diluted earnings per common share |
|
$ |
4.72 |
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|
$ |
2.84 |
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Anti-dilutive options excluded from diluted earnings per
common share |
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|
9.0 |
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|
|
10.9 |
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(1) |
Net earnings available to participating securities were immaterial in all periods presented. |
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