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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 809 $ 533
Adjustments to reconcile to net cash used in operating activities:    
Depreciation 61 80
Amortization 87 138
Long-lived asset impairment charges 0 104
Deferred taxes 109 36
Credits associated with last-in, first-out inventory method (13) (23)
Non-cash operating lease expense 63 90
Gain from sales of businesses and investments (33) 0
European businesses held for sale 20 0
Other non-cash items 102 194
Changes in assets and liabilities, net of acquisitions:    
Receivables (1,584) (1,045)
Inventories (955) (901)
Drafts and accounts payable 1,006 (609)
Operating lease liabilities (94) (90)
Taxes 37 (54)
Litigation liabilities (370) 74
Other (186) (149)
Net cash used in operating activities (941) (1,622)
INVESTING ACTIVITIES    
Payments for property, plant, and equipment (71) (93)
Capitalized software expenditures (29) (66)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (1) (1)
Proceeds from sales of businesses and investments, net 240 83
Other (100) (22)
Net cash provided by (used in) investing activities 39 (99)
FINANCING ACTIVITIES    
Repayments of long-term debt (2) (2)
Common stock transactions:    
Issuances 91 71
Share repurchases (1,000) (1,008)
Dividends paid (71) (69)
Exercise of put right by noncontrolling shareholders of McKesson Europe AG 0 (1,031)
Other (199) (112)
Net cash used in financing activities (1,181) (2,151)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 18 11
Change in cash, cash equivalents, and restricted cash classified within Assets held for sale 470 0
Net decrease in cash, cash equivalents, and restricted cash (1,595) (3,861)
Cash, cash equivalents, and restricted cash at beginning of period 3,935 6,396
Cash, cash equivalents, and restricted cash at end of period 2,340 2,535
Less: Restricted cash at end of period included in Prepaid expenses and other (107) (112)
Cash and cash equivalents at end of period $ 2,233 $ 2,423