Three Months Ended

August 31,

(in millions, except per share data)

2017

2016

Net income

$

2,210

$

1,832

Weighted average common shares outstanding

4,156

4,119

Dilutive effect of employee stock plans

128

102

Dilutive weighted average common shares outstanding

4,284

4,221

Basic earnings per share

$

0.53

$

0.44

Diluted earnings per share

$

0.52

$

0.43

Shares subject to anti-dilutive restricted stock-based awards and stock options

   excluded from calculation⁽¹⁾

31

72

⁽¹⁾

These weighted shares relate to anti-dilutive restricted service based stock-based awards and stock options (as calculated using the treasury stock method) and contingently issuable shares under PSO and PSU arrangements.  Such shares could be dilutive in the future.