XML 62 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements Of Income - USD ($)
$ in Millions
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Revenues $ 30,601 $ 27,799 $ 25,313
Cost of sales 16,534 15,353 14,279
Gross profit 14,067 12,446 11,034
Demand creation expense 3,213 3,031 2,745
Operating overhead expense 6,679 5,735 5,051
Total selling and administrative expense 9,892 8,766 7,796
Interest expense (income), net (Notes 6, 7 and 8) 28 33 (3)
Other (income) expense, net (Note 17) (58) 103 (15)
Income before income taxes 4,205 3,544 3,256
Income tax expense (Note 9) 932 851 805
NET INCOME FROM CONTINUING OPERATIONS 3,273 2,693 2,451
NET INCOME FROM DISCONTINUED OPERATIONS 0 0 21
NET INCOME $ 3,273 $ 2,693 $ 2,472
Earnings per common share from continuing operations:      
Basic (Notes 1 and 12) (in dollars per share) $ 3.80 $ 3.05 $ 2.74
Diluted (Notes 1 and 12) (in dollars per share) 3.70 2.97 2.68
Earnings per common share from discontinued operations:      
Basic (Notes 1 and 12) (in dollars per share) 0.00 0.00 0.02
Diluted (Notes 1 and 12) (in dollars per share) 0.00 0.00 0.02
Dividends declared per common share (in dollars per share) $ 1.08 $ 0.93 $ 0.81