(5) Computation of Earnings Per Share The calculation of basic and diluted earnings per common share for the periods ended November 30 was as follows (in millions, except per share amounts):
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Three Months Ended |
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Six Months Ended |
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2022 |
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2021 |
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2022 |
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2021 |
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Basic earnings per common share: |
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Net earnings allocable to common shares(1) |
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$ |
786 |
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$ |
1,042 |
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$ |
1,660 |
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$ |
2,152 |
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Weighted-average common shares |
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255 |
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265 |
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257 |
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265 |
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Basic earnings per common share |
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$ |
3.08 |
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$ |
3.94 |
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$ |
6.46 |
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$ |
8.11 |
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Diluted earnings per common share: |
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Net earnings allocable to common shares(1) |
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$ |
786 |
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$ |
1,042 |
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$ |
1,660 |
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$ |
2,152 |
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Weighted-average common shares |
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255 |
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265 |
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257 |
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265 |
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Dilutive effect of share-based awards |
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1 |
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3 |
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2 |
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5 |
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Weighted-average diluted shares |
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256 |
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268 |
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259 |
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270 |
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Diluted earnings per common share |
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$ |
3.07 |
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$ |
3.88 |
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$ |
6.41 |
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$ |
7.97 |
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Anti-dilutive options excluded from diluted earnings per
common share |
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9.5 |
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4.2 |
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7.6 |
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3.5 |
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(1) Net earnings available to participating securities were immaterial in all periods presented. |