Question
CONSOLIDATED STATEMENTS OF INCOME YEAR ENDED MAY 31, (In millions, except per share data) 2021 Revenues $ 44,538 Cost of sales 24,576 Gross profit 19,962
CONSOLIDATED STATEMENTS OF INCOME YEAR ENDED MAY 31, (In millions, except per share data) 2021 Revenues $ 44,538 Cost of sales 24,576 Gross profit 19,962 Demand creation expense 3,114 Operating overhead expense 9,911Total selling and administrative expense 13,025 interest expense (income), net 262 Other (income) expense, net 14 Income before income taxes 6,661 Income tax expense 934 NET INCOME $ 5,727 Earnings per common share: Basic $ 3.64 Diluted $ 3.56 Weighted average common shares outstanding: Basic 1,573.0 Diluted 1,609.4.
What is net sales?
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