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Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
May 31, 2013
May 31, 2012
May 31, 2011
Revenues $ 25,313 $ 23,331 $ 20,117
Cost of sales 14,279 13,183 10,915
Gross profit 11,034 10,148 9,202
Demand creation expense 2,745 2,607 2,344
Operating overhead expense 5,035 4,458 4,017
Total selling and administrative expense 7,780 7,065 6,361
Interest (income) expense, net (Notes 6, 7 and 8) (3) 4 4
Other (income) expense, net (Note 17) (15) 54 (25)
Income before income taxes 3,272 3,025 2,862
Income tax expense (Note 9) 808 756 690
NET INCOME FROM CONTINUING OPERATIONS 2,464 2,269 2,172
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS 21 (46) (39)
NET INCOME $ 2,485 $ 2,223 $ 2,133
Basic earnings per common share (Notes 1 and 12)(in dollars per share) $ 2.75 $ 2.47 $ 2.28
Diluted earnings per common share (Notes 1 and 12)(in dollars per share) $ 2.69 $ 2.42 $ 2.24
Basic earnings per common share (Notes 1 and 12)(in dollars per share) $ 0.02 $ (0.05) $ (0.04)
Diluted earnings per common share (Notes 1 and 12)(in dollars per share) $ 0.02 $ (0.05) $ (0.04)
Dividends declared per common share (in dollars per share) $ 0.81 $ 0.70 $ 0.60