Earnings Per Share

6 Months Ended

Nov. 30, 2021


NOTE 7 — 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 restricted stock, restricted stock units and options, including shares under ESPPs, to purchase an additional 9.2 million and 12.6 million shares of common stock outstanding for the three months ended November 30, 2021 and 2020, respectively, and 9.1 million and 13.5 million shares of common stock outstanding for the six months ended November 30, 2021 and 2020, respectively, because the awards were anti-dilutive.


	THREE MONTHS ENDED NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(In millions, except per share data)	2021		2020		2021		2020
Net income available to common stockholders	$	1,337	$	1,251	$	3,211	$	2,769
Determination of shares:
Weighted average common shares outstanding	1,582.4		1,573.0		1,582.2		1,567.4
Assumed conversion of dilutive stock options and awards	35.0		36.5		36.3		34.5
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,617.4		1,609.5		1,618.5		1,601.9
Earnings per common share:
Basic	$	0.84	$	0.80	$	2.03	$	1.77
Diluted	$	0.83	$	0.78	$	1.98	$	1.73