Computation of Earnings Per Share

9 Months Ended

Feb. 28, 2018

(4) Computation of Earnings Per Share

The calculation of basic and diluted earnings per common share for the periods ended February 28 was as follows (in millions, except per share amounts):

	Three Months Ended				Nine Months Ended
	2018		2017		2018		2017
Basic earnings per common share:
Net earnings allocable to common shares⁽¹⁾	$	2,071	$	561	$	3,441	$	1,974
Weighted-average common shares		268		266		268		266
Basic earnings per common share	$	7.74	$	2.11	$	12.85	$	7.43
Diluted earnings per common share:
Net earnings allocable to common shares⁽¹⁾	$	2,071	$	561	$	3,441	$	1,974
Weighted-average common shares		268		266		268		266
Dilutive effect of share-based awards		5		5		4		4
Weighted-average diluted shares		273		271		272		270
Diluted earnings per common share	$	7.59	$	2.07	$	12.63	$	7.31
Anti-dilutive options excluded from diluted earnings per common share		1.9		4.0		2.6		4.7

⁽¹⁾Net earnings available to participating securities were immaterial in all periods presented.