(In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic Diluted Dividends declared per common share Year Ended May 31, 2016 2015 2014 $ 32,376 $ 30,601 $ 27,799 17,405 16,534 15,353 14,971 14,067 12,446 3,278 3,213 3,031 7,191 6,679 5,735 10,469 9,892 8,766 19 28 33 (140) (58) 103 4,623 4,205 3,544 863 932 851 3,760 3,273 2,693 $ 2.21 $ 1.90 $ 2.16 $ 1.85 SS 1.52 1.49 0.62 $ 0.54 $ 0.47 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.