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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2011
Nov. 30, 2010
Nov. 30, 2011
Nov. 30, 2010
Revenues $ 5,731 $ 4,842 $ 11,812 $ 10,017
Cost of sales 3,281 2,649 6,669 5,390
Gross profit 2,450 2,193 5,143 4,627
Demand creation expense 644 574 1,336 1,253
Operating overhead expense 1,176 1,037 2,307 2,031
Total selling and administrative expense 1,820 1,611 3,643 3,284
Other expense (income), net 9 (28) 27 (21)
Interest expense, net 3 1 3 0
Income before income taxes 618 609 1,470 1,364
Income tax expense (Note 7) 149 152 356 348
Net income $ 469 $ 457 $ 1,114 $ 1,016
Basic earnings per common share (Note 10) (in dollars per share) $ 1.02 $ 0.96 $ 2.41 $ 2.12
Diluted earnings per common share (Note 10) (in dollars per share) $ 1.00 $ 0.94 $ 2.36 $ 2.08
Dividends declared per common share (in dollars per share) $ 0.36 $ 0.31 $ 0.67 $ 0.58