Earnings Per Share

9 Months Ended

Feb. 28, 2022


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 restricted stock, restricted stock units and options, including shares under ESPPs, to purchase an additional 9.3 million shares of common stock outstanding for the three months ended February 28, 2022, because the awards were anti-dilutive. The amount of anti-dilutive awards for the three months ended February 28, 2021, was insignificant. For the nine months ended February 28, 2022 and 2021, the computations of diluted earnings per common share excluded 9.4 million and 11.6 million shares of common stock outstanding, respectively, because the awards were anti-dilutive.


	THREE MONTHS ENDED FEBRUARY 28,				NINE MONTHS ENDED FEBRUARY 28,
(In millions, except per share data)	2022		2021		2022		2021
Net income available to common stockholders	$	1,396	$	1,449	$	4,607	$	4,218
Determination of shares:
Weighted average common shares outstanding	1,579.0		1,578.0		1,581.1		1,570.9
Assumed conversion of dilutive stock options and awards	31.7		38.9		34.7		36.4
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,610.7		1,616.9		1,615.8		1,607.3
Earnings per common share:
Basic	$	0.88	$	0.92	$	2.91	$	2.68
Diluted	$	0.87	$	0.90	$	2.85	$	2.62