v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2011
Income from continuing operations:        
Revenues $ 5,955 $ 5,546 $ 12,429 $ 11,439
Cost of sales 3,425 3,170 7,071 6,445
Gross profit 2,530 2,376 5,358 4,994
Demand creation expense 613 616 1,484 1,280
Operating overhead expense 1,223 1,115 2,411 2,181
Total selling and administrative expense 1,836 1,731 3,895 3,461
Interest (income) expense, net (1) 3 (4) 3
Other (income) expense, net (17) 10 (45) 27
Income before income taxes 712 632 1,512 1,503
Income tax expense (Note 6) 191 152 406 362
NET INCOME FROM CONTINUING OPERATIONS 521 480 1,106 1,141
NET LOSS FROM DISCONTINUED OPERATIONS (137) (11) (155) (27)
NET INCOME $ 384 $ 469 $ 951 $ 1,114
Earnings per share from continuing operations:        
Basic earnings per common share (in dollars per share) $ 0.58 $ 0.52 $ 1.23 $ 1.23
Diluted earnings per common share (in dollars per share) $ 0.57 $ 0.51 $ 1.20 $ 1.21
Earnings per share from discontinued operations:        
Basic earnings per common share (in dollars per share) $ (0.15) $ (0.01) $ (0.18) $ (0.02)
Diluted earnings per common share (in dollars per share) $ (0.15) $ (0.01) $ (0.16) $ (0.03)
Dividends declared per common share (in dollars per share) $ 0.21 $ 0.18 $ 0.39 $ 0.34