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Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
May 31, 2014
May 31, 2013
May 31, 2012
Revenues $ 27,799 $ 25,313 $ 23,331
Cost of sales 15,353 14,279 13,183
Gross profit 12,446 11,034 10,148
Demand creation expense 3,031 2,745 2,607
Operating overhead expense 5,735 5,051 4,472
Total selling and administrative expense 8,766 7,796 7,079
Interest expense (income), net (Notes 6, 7, and 8) 33 (3) 4
Other expense (income), net (Note 17) 103 (15) 54
Income before income taxes 3,544 3,256 3,011
Income tax expense (Note 9) 851 805 754
NET INCOME FROM CONTINUING OPERATIONS 2,693 2,451 2,257
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS 0 21 (46)
NET INCOME $ 2,693 $ 2,472 $ 2,211
Basic earnings per common share (Notes 1 and 12)(in dollars per share) $ 3.05 $ 2.74 $ 2.45
Diluted earnings per common share (Notes 1 and 12)(in dollars per share) $ 2.97 $ 2.68 $ 2.40
Basic earnings per common share (Notes 1 and 12)(in dollars per share) $ 0.00 $ 0.02 $ (0.05)
Diluted earnings per common share (Notes 1 and 12)(in dollars per share) $ 0.00 $ 0.02 $ (0.05)
Dividends declared per common share (in dollars per share) $ 0.93 $ 0.813 $ 0.7