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The calculation of basic and diluted earnings per common share for the periods ended February 28, 2021 and February 29, 2020 was as follows (in millions, except per share amounts):
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Three Months Ended |
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Nine Months Ended |
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2021 |
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2020 |
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2021 |
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2020 |
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Basic earnings per common share: |
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Net earnings allocable to common shares(1) |
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$ |
889 |
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|
$ |
314 |
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$ |
3,356 |
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$ |
1,617 |
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Weighted-average common shares |
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|
265 |
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|
261 |
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|
263 |
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|
|
261 |
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Basic earnings per common share |
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$ |
3.36 |
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$ |
1.21 |
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$ |
12.75 |
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$ |
6.21 |
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Diluted earnings per common share: |
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Net earnings allocable to common shares(1) |
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$ |
889 |
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|
$ |
314 |
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|
$ |
3,356 |
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$ |
1,617 |
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Weighted-average common shares |
|
|
265 |
|
|
|
261 |
|
|
|
263 |
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|
|
261 |
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Dilutive effect of share-based awards |
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|
5 |
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1 |
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4 |
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1 |
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Weighted-average diluted shares |
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|
270 |
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|
262 |
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|
267 |
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|
262 |
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Diluted earnings per common share |
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$ |
3.30 |
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$ |
1.20 |
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$ |
12.55 |
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$ |
6.17 |
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Anti-dilutive options excluded from diluted earnings per
common share |
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|
2.0 |
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11.7 |
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4.1 |
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11.2 |
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(1) |
Net earnings available to participating securities were immaterial in all periods presented. |
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