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Stockholders' Equity (Deficit) (Tables) | 12 Months Ended
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Mar. 31, 2025
Stockholders' Equity Note [Abstract] |
Schedule of Shares Repurchased Over Last Three Years | Information regarding share repurchase activity over the last three fiscal years were as follows:
| Share Repurchases (1)
(In millions, except price per share) |  | Total Number of Shares Purchased (2) |  | Average Price Paid Per Share |  | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs (3)
Balance, March 31, 2022 |  |  |  |  |  | $ | 3,278 |
Shares repurchased - February 2022 ASR (4) |  | 0.3 |  |  | $ | 295.16 |  |  | — |
Shares repurchased - May 2022 ASR |  | 3.1 |  |  | $ | 321.05 |  |  | (1,000) |
Share repurchase authorization increase in fiscal 2023 |  |  |  |  |  | 4,000 |
Shares repurchased - December 2022 ASR |  | 2.6 |  |  | $ | 369.20 |  |  | (972) |
Shares repurchased - Open market (5) |  | 4.7 |  |  | $ | 363.24 |  |  | (1,693) |
Balance, March 31, 2023 |  |  |  |  |  | 3,613 |
Share repurchase authorization increase in fiscal 2024 |  |  |  |  |  | 6,000 |
Shares repurchased - Open market |  | 6.9 |  |  | $ | 436.46 |  |  | (2,998) |
Balance, March 31, 2024 |  |  |  |  |  | 6,615 |
Share repurchase authorization increase in fiscal 2025 |  |  |  |  |  | 4,000 |
Shares repurchased - Open market |  | 5.8 |  |  | $ | 543.05 |  |  | (3,146) |
Balance, March 31, 2025 |  |  |  |  |  | $ | 7,469 |
(1)This table does not include the value of equity awards surrendered to satisfy tax withholding obligations or forfeitures of equity awards. (2)The number of shares purchased reflects rounding adjustments. (3)The remaining authorization outstanding for repurchases of common stock excludes $26 million and $25 million of excise taxes incurred on share repurchases for the years ended March 31, 2025 and 2024, respectively. (4)In February 2022, the Company entered into an ASR program with a third-party financial institution to repurchase $1.5 billion shares of common stock. The total number of shares repurchased under this ASR program was 5.1 million shares at an average price per share of $295.16. The Company received 4.8 million shares as the initial share settlement in the fourth quarter of fiscal 2022, and in May 2022, the Company received an additional 0.3 million shares upon the completion of this ASR program. (5)Of the total dollar value, $27 million was accrued within “Other accrued liabilities” in the Company’s Consolidated Balance Sheet as of March 31, 2023 for share repurchases that were executed in late March 2023 and settled in early April 2023.
Schedule of Accumulated Other Comprehensive Income (Loss) | Information regarding changes in the Company’s accumulated other comprehensive loss by component were as follows:
| Foreign Currency Translation Adjustments |  |  |  |  |  |
(In millions) | Foreign Currency Translation Adjustments, Net of Tax (1) |  | Unrealized Gains (Losses) on Net Investment Hedges, Net of Tax (2) |  | Unrealized Gains (Losses) on Cash Flow and Other Hedges, Net of Tax (3) |  | Unrealized Gains (Losses) and Other Components of Benefit Plans, Net of Tax |  | Total Accumulated Other Comprehensive Loss
Balance, March 31, 2022 | $ | (1,504) |  |  | $ | 10 |  |  | $ | 27 |  |  | $ | (67) |  |  | $ | (1,534) |
Other comprehensive income (loss) before reclassifications | (329) |  |  | 112 |  |  | 10 |  |  | 28 |  |  | (179) |
Amounts reclassified to earnings and other (4) | 1,027 |  |  | (136) |  |  | (73) |  |  | 34 |  |  | 852 |
Other comprehensive income (loss) | 698 |  |  | (24) |  |  | (63) |  |  | 62 |  |  | 673 |
Less: amounts attributable to noncontrolling and redeemable noncontrolling interests | 41 |  |  | — |  |  | — |  |  | 3 |  |  | 44 |
Other comprehensive income (loss) attributable to McKesson | 657 |  |  | (24) |  |  | (63) |  |  | 59 |  |  | 629 |
Balance, March 31, 2023 | (847) |  |  | (14) |  |  | (36) |  |  | (8) |  |  | (905) |
Other comprehensive income (loss) before reclassifications | (9) |  |  | 2 |  |  | 39 |  |  | (6) |  |  | 26 |
Amounts reclassified to earnings and other | — |  |  | — |  |  | — |  |  | (2) |  |  | (2) |
Other comprehensive income (loss) | (9) |  |  | 2 |  |  | 39 |  |  | (8) |  |  | 24 |
Balance, March 31, 2024 | (856) |  |  | (12) |  |  | 3 |  |  | (16) |  |  | (881) |
Other comprehensive income (loss) before reclassifications | (214) |  |  | 59 |  |  | (5) |  |  | (16) |  |  | (176) |
Amounts reclassified to earnings and other (5) (6) | 81 |  |  | — |  |  | (2) |  |  | 46 |  |  | 125 |
Other comprehensive income (loss) | (133) |  |  | 59 |  |  | (7) |  |  | 30 |  |  | (51) |
Balance, March 31, 2025 | $ | (989) |  |  | $ | 47 |  |  | $ | (4) |  |  | $ | 14 |  |  | $ | (932) |
(1)Primarily results from the conversion of non-U.S. dollar financial statements of the Company’s operations in Canada and Europe into the Company’s reporting currency, U.S. dollars. (2)Amounts before reclassifications recorded in fiscal 2023 include gains of $7 million related to net investment hedges from Euro-denominated notes. Amounts before reclassifications recorded in fiscal 2025, fiscal 2024, and fiscal 2023 include gains of $80 million, $3 million, and $28 million, respectively, related to net investment hedges from cross-currency swaps. These amounts are net of income tax (expense) of $(21) million, $(1) million, and $(33) million in fiscal 2025, fiscal 2024, and fiscal 2023, respectively. (3)Amounts before reclassifications recorded in fiscal 2025, fiscal 2024, and fiscal 2023 include gains (losses) of $(4) million, $39 million, and $(54) million, respectively, related to cash flow and other hedges from cross-currency swaps. Amounts before reclassifications recorded in fiscal 2025 include a loss of $(6) million related to cash flow hedges from Interest rate swap locks and foreign currency forwards. Amounts before reclassifications recorded in fiscal 2024, and fiscal 2023 include gains (losses) of $14 million, and $(30) million, respectively, related to cash flow hedges from fixed interest rate swaps. These amounts are net of income tax benefit (expense) of $3 million, $(14) million, and $21 million in fiscal 2025, fiscal 2024, and fiscal 2023, respectively. (4)Primarily includes adjustments for amounts related to the divestitures of the E.U. disposal group in October 2022, including the impact of amounts previously attributed to the noncontrolling interest in McKesson Europe, and the U.K. disposal group in April 2022, as discussed in more detail in Financial Note 2, “Business Acquisitions and Divestitures.” These amounts were included in the fiscal 2023 calculations of charges to remeasure the assets and liabilities of the disposal groups to fair value less costs to sell recorded within “Selling, distribution, general, and administrative expenses” in the Consolidated Statements of Operations. Amounts reclassified to earnings and other includes a net income tax impact of $6 million. (5)Includes adjustments to Foreign Currency Translation Adjustments, Net of Tax for the year ended March 31, 2025 related to the Canadian retail disposal group, as discussed in more detail in Financial Note 2, “Business Acquisitions and Divestitures,” These amounts were included in the current and prior periods calculation of charges to remeasure the assets and liabilities held for sale to fair value less costs to sell recorded within “Selling, distribution, general, and administrative expenses” in the Company’s Consolidated Statements of Operations, and a reclassification related to the termination of the U.K. pension plan, as discussed in more detail in Financial Note 13, “Pension Benefits.” (6)Adjustments to Unrealized Gains (Losses) and Other Components of Benefit Plans, Net of Tax for the year ended March 31, 2025 include reclassification of losses related to the termination of the U.K. pension plan as discussed in more detail in Financial Note 13, “Pension Benefits.”. Amounts reclassified to earnings and other includes a net income tax impact of $11 million.

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Section 25 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481138/505-30-25-5 + Details
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