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NOTE 11: COMPUTATION OF EARNINGS PER SHARE
The calculation of basic and diluted earnings per common share for the years ended May 31 was as follows (in millions, except per share amounts):
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2020 |
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2019 |
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2018 |
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Basic earnings per common share: |
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|
|
|
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|
|
|
|
|
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Net earnings allocable to common shares(1) |
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$ |
1,284 |
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|
$ |
539 |
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|
$ |
4,566 |
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Weighted-average common shares |
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|
261 |
|
|
|
262 |
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|
|
267 |
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Basic earnings per common share |
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$ |
4.92 |
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|
$ |
2.06 |
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|
$ |
17.08 |
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Diluted earnings per common share: |
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|
|
|
|
|
|
|
|
|
|
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Net earnings allocable to common shares(1) |
|
$ |
1,284 |
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|
$ |
539 |
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|
$ |
4,566 |
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|
Weighted-average common shares |
|
|
261 |
|
|
|
262 |
|
|
|
267 |
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Dilutive effect of share-based awards |
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|
1 |
|
|
|
3 |
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|
5 |
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Weighted-average diluted shares |
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|
262 |
|
|
|
265 |
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|
|
272 |
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Diluted earnings per common share |
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$ |
4.90 |
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$ |
2.03 |
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$ |
16.79 |
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Anti-dilutive options excluded from diluted earnings per common share |
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|
11.7 |
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|
5.4 |
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|
2.5 |
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(1) |
Net earnings available to participating securities were immaterial in all periods presented. |
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