In this paper, we present an overview of averaging-kernel computations from the Atmospheric Infrared Sounder (AIRS) Version 5 product retrieval software. Temperature and moisture retrievals form the focus of this paper; however, some results for all other retrieved gas amounts are presented. The theory and methodology required to utilize the averaging kernels for comparison of AIRS retrievals with correlative measurements are given. The averaging kernels are used to transform correlative measurements to AIRS effective resolution and are used to assess and derive the vertical resolution of Version 5 temperature and moisture retrievals in different atmospheric conditions. We find that depending on the scene, AIRS Version 5 tropospheric temperature (moisture) retrieval resolution, which is as determined by the full-width at half-maximum of the averaging kernels, ranges between 2.5 km (2.7 km) near the surface and 7.1 km (4.3 km) near the tropopause.