EARNINGS PER SHARE

3 Months Ended

Aug. 31, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

8.EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options and shares issuable under the employee stock purchase plan as applicable pursuant to the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended August 31,
(in millions, except per share data)	2024		2023
Net income	$	2,929	$	2,420
Weighted-average common shares outstanding		2,761		2,728
Dilutive effect of employee stock plans		90		95
Dilutive weighted-average common shares outstanding		2,851		2,823
Basic earnings per share	$	1.06	$	0.89
Diluted earnings per share	$	1.03	$	0.86
Anti-dilutive stock awards excluded from calculation(1)		24		27

(1)These stock awards primarily relate to contingently issuable shares pursuant to performance stock option arrangements. Such shares could be dilutive in the future.