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Computation of Earnings Per Share
 12 Months Ended
May 31, 2024
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

NOTE 11: COMPUTATION OF EARNINGS PER SHARE

The calculation of basic and diluted earnings per common share for the years ended May 31 was as follows (in millions, except per share amounts):

 

 

2024

 

 

2023

 

 

2022

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

4,325

 

 

$

3,966

 

 

$

3,819

 

Weighted-average common shares

 

 

248

 

 

 

254

 

 

 

263

 

Basic earnings per common share

 

$

17.41

 

 

$

15.60

 

 

$

14.54

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

Net earnings allocable to common shares(1)

 

$

4,325

 

 

$

3,966

 

 

$

3,819

 

Weighted-average common shares

 

 

248

 

 

 

254

 

 

 

263

 

Dilutive effect of share-based awards

 

 

3

 

 

 

2

 

 

 

3

 

Weighted-average diluted shares

 

 

251

 

 

 

256

 

 

 

266

 

Diluted earnings per common share

 

$

17.21

 

 

$

15.48

 

 

$

14.33

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive options excluded from diluted earnings per common share

 

 

5.8

 

 

 

7.4

 

 

 

4.0

 

 

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