Computation of Earnings Per Share

6 Months Ended

Nov. 30, 2024

Earnings Per Share [Abstract]

Computation of Earnings Per Share

NOTE 5: Computation of Earnings Per Share

The calculation of basic and diluted earnings per common share for the periods ended November 30 was as follows (in millions, except per share amounts):

	Three Months Ended				Six Months Ended
	2024		2023		2024		2023
Basic earnings per common share:
Net earnings allocable to common shares(1)	$	739	$	898	$	1,533	$	1,975
Weighted-average common shares		242		250		243		251
Basic earnings per common share	$	3.06	$	3.59	$	6.30	$	7.88
Diluted earnings per common share:
Net earnings allocable to common shares(1)	$	739	$	898	$	1,533	$	1,975
Weighted-average common shares		242		250		243		251
Dilutive effect of share-based awards		2		3		3		3
Weighted-average diluted shares		244		253		246		254
Diluted earnings per common share	$	3.03	$	3.55	$	6.24	$	7.79
Anti-dilutive options excluded from diluted earnings per    common share		4.0		6.3		4.2		6.3

(1)Net earnings available to participating securities were $2 million and $2 million for the three-month periods ended November 30, 2024 and 2023, respectively, and $2 million and $3 million for the six-month periods ended November 30, 2024 and 2023, respectively.