Earnings Per Share

6 Months Ended

Nov. 30, 2020


NOTE 8 — EARNINGS PER SHARE

The following is a reconciliation from basic earnings per common share to diluted earnings per common share. The computations of diluted earnings per common share excluded options, including shares under ESPPs, and restricted stock to purchase an additional 12.6 million and 34.2 million shares of common stock outstanding for the three months ended November 30, 2020 and 2019, respectively, and 13.5 million and 34.2 million shares of common stock outstanding for the six months ended November 30, 2020 and 2019, respectively, because the options were anti-dilutive.


	THREE MONTHS ENDED NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(In millions, except per share data)	2020		2019		2020		2019
Net income available to common stockholders	$	1,251	$	1,115	$	2,769	$	2,482
Determination of shares:
Weighted average common shares outstanding	1,573.0		1,560.6		1,567.4		1,561.5
Assumed conversion of dilutive stock options and awards	36.5		33.8		34.5		34.5
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,609.5		1,594.4		1,601.9		1,596.0
Earnings per common share:
Basic	$	0.80	$	0.71	$	1.77	$	1.59
Diluted	$	0.78	$	0.70	$	1.73	$	1.56