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Computation of Earnings Per Share
 9 Months Ended
Feb. 28, 2025
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

NOTE 6: Computation of Earnings Per Share

The calculation of basic and diluted earnings per common share for the periods ended February 28, 2025 and February 29, 2024 was as follows (in millions, except per share amounts):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

908

 

 

$

878

 

 

$

2,441

 

 

$

2,853

 

Weighted-average common shares

 

 

240

 

 

 

247

 

 

 

242

 

 

 

249

 

Basic earnings per common share

 

$

3.79

 

 

$

3.55

 

 

$

10.09

 

 

$

11.43

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

908

 

 

$

878

 

 

$

2,441

 

 

$

2,853

 

Weighted-average common shares

 

 

240

 

 

 

247

 

 

 

242

 

 

 

249

 

Dilutive effect of share-based awards

 

 

2

 

 

 

3

 

 

 

2

 

 

 

3

 

Weighted-average diluted shares

 

 

242

 

 

 

250

 

 

 

244

 

 

 

252

 

Diluted earnings per common share

 

$

3.76

 

 

$

3.51

 

 

$

9.99

 

 

$

11.31

 

Anti-dilutive options excluded from diluted earnings per
   common share

 

 

4.1

 

 

 

6.3

 

 

 

4.1

 

 

 

6.3

 
(1)
Net earnings available to participating securities were $1 million and $1 million for the three-month periods ended February 28, 2025 and February 29, 2024, respectively, and $3 million and $4 million for the nine-month periods ended February 28, 2025 and February 29, 2024, respectively.