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(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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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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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net earnings allocable to common shares(1) |
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$ |
1,042 |
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|
$ |
1,224 |
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|
$ |
2,152 |
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$ |
2,466 |
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Weighted-average common shares |
|
|
265 |
|
|
|
264 |
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|
|
265 |
|
|
|
263 |
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Basic earnings per common share |
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$ |
3.94 |
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|
$ |
4.64 |
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$ |
8.11 |
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$ |
9.40 |
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Diluted earnings per common share: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net earnings allocable to common shares(1) |
|
$ |
1,042 |
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|
$ |
1,224 |
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|
$ |
2,152 |
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|
$ |
2,466 |
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|
Weighted-average common shares |
|
|
265 |
|
|
|
264 |
|
|
|
265 |
|
|
|
263 |
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Dilutive effect of share-based awards |
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3 |
|
|
|
5 |
|
|
|
5 |
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|
|
3 |
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Weighted-average diluted shares |
|
|
268 |
|
|
|
269 |
|
|
|
270 |
|
|
|
266 |
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Diluted earnings per common share |
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$ |
3.88 |
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|
$ |
4.55 |
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|
$ |
7.97 |
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|
$ |
9.26 |
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Anti-dilutive options excluded from diluted earnings per
common share |
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|
4.2 |
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|
1.3 |
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|
3.5 |
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5.1 |
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(1) |
Net earnings available to participating securities were immaterial in all periods presented. |
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