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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Feb. 29, 2012
Feb. 28, 2011
Revenues $ 5,846 $ 5,079 $ 17,658 $ 15,096
Cost of sales 3,285 2,752 9,954 8,142
Gross profit 2,561 2,327 7,704 6,954
Demand creation expense 615 578 1,951 1,831
Operating overhead expense 1,187 1,059 3,494 3,090
Total selling and administrative expense 1,802 1,637 5,445 4,921
Other (income) expense, net (11) (17) 16 (38)
Interest expense, net 0 0 3 0
Income before income taxes 770 707 2,240 2,071
Income tax expense (Note 7) 210 184 566 532
Net income $ 560 $ 523 $ 1,674 $ 1,539
Basic earnings per common share (Note 10) (in dollars per share) $ 1.22 $ 1.10 $ 3.63 $ 3.22
Diluted earnings per common share (Note 10) (in dollars per share) $ 1.20 $ 1.08 $ 3.56 $ 3.16
Dividends declared per common share (in dollars per share) $ 0.36 $ 0.31 $ 1.03 $ 0.89