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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) $ 1,287 $ (4,340) $ 1,120
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 279 321 321
Amortization 481 566 601
Goodwill and long-lived asset impairment charges 175 242 139
Equity earnings and charges from investment in Change Healthcare Joint Venture 0 0 1,084
Deferred taxes 34 (908) (342)
Credits associated with last-in, first-out inventory method (23) (38) (252)
Non-cash operating lease expense 241 334 366
Loss (gain) from sales of businesses and investments (132) (9) 33
European businesses held for sale 1,509 0 0
Other non-cash items 501 188 615
Changes in assets and liabilities, net of acquisitions:      
Receivables (1,843) 1,145 (2,494)
Inventories (1,169) (2,276) (376)
Drafts and accounts payable 2,802 1,267 3,952
Operating lease liabilities (356) (362) (377)
Taxes 243 (166) (8)
Litigation liabilities 199 8,067 0
Other 206 511 (8)
Net cash provided by operating activities 4,434 4,542 4,374
INVESTING ACTIVITIES      
Payments for property, plant, and equipment (388) (451) (362)
Capitalized software expenditures (147) (190) (144)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (6) (35) (133)
Proceeds from sales of businesses and investments, net 578 400 37
Other (126) (139) 23
Net cash used in investing activities (89) (415) (579)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 11,192 6,323 21,437
Repayments of short-term borrowings (11,192) (6,323) (21,437)
Proceeds from issuances of long-term debt 498 500 0
Repayments of long-term debt (1,648) (1,040) (298)
Payments for debt extinguishments (184) 0 0
Common stock transactions:      
Issuances 220 92 113
Share repurchases (3,516) (742) (1,934)
Dividends paid (277) (276) (294)
Exercise of put right by noncontrolling shareholders of McKesson Europe AG (1,031) (49) (3)
Other (383) (178) (318)
Net cash used in financing activities (6,321) (1,693) (2,734)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 55 (61) (19)
Cash, cash equivalents, and restricted cash classified within Assets held for sale (540) 0 0
Net increase (decrease) in cash, cash equivalents, and restricted cash (2,461) 2,373 1,042
Cash, cash equivalents, and restricted cash at beginning of year 6,396 4,023 2,981
Cash, cash equivalents, and restricted cash at end of year 3,935 6,396 4,023
Less: Restricted cash at end of period included in Other Noncurrent Assets      
Less: Restricted cash at end of year included in Prepaid expenses and other (403) (118) (8)
Cash and cash equivalents at end of year 3,532 6,278 4,015
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest, net 186 220 235
Income taxes, net of refunds $ 359 $ 379 $ 368