(5) Computation of Earnings Per Share
The calculation of basic and diluted earnings per common share for the periods ended February 28, 2021 and February 29, 2020 was as follows (in millions, except per share amounts):
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings allocable to common shares(1) |
|
$ |
889 |
|
|
$ |
314 |
|
|
$ |
3,356 |
|
|
$ |
1,617 |
|
Weighted-average common shares |
|
|
265 |
|
|
|
261 |
|
|
|
263 |
|
|
|
261 |
|
Basic earnings per common share |
|
$ |
3.36 |
|
|
$ |
1.21 |
|
|
$ |
12.75 |
|
|
$ |
6.21 |
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings allocable to common shares(1) |
|
$ |
889 |
|
|
$ |
314 |
|
|
$ |
3,356 |
|
|
$ |
1,617 |
|
Weighted-average common shares |
|
|
265 |
|
|
|
261 |
|
|
|
263 |
|
|
|
261 |
|
Dilutive effect of share-based awards |
|
|
5 |
|
|
|
1 |
|
|
|
4 |
|
|
|
1 |
|
Weighted-average diluted shares |
|
|
270 |
|
|
|
262 |
|
|
|
267 |
|
|
|
262 |
|
Diluted earnings per common share |
|
$ |
3.30 |
|
|
$ |
1.20 |
|
|
$ |
12.55 |
|
|
$ |
6.17 |
|
Anti-dilutive options excluded from diluted earnings per
common share |
|
|
2.0 |
|
|
|
11.7 |
|
|
|
4.1 |
|
|
|
11.2 |
|
|
(1) |
Net earnings available to participating securities were immaterial in all periods presented. |
|