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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES      
Net income $ 3,481 $ 3,160 $ 3,722
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 242 253 248
Amortization 394 382 360
Long-lived asset impairment charges 98 43 72
Deferred taxes (110) (603) (20)
Charges (credits) associated with last-in, first-out inventory method 82 (157) 1
Non-cash operating lease expense 245 228 249
Loss (gain) from sales of businesses and investments 485 (17) (211)
Provision for bad debts (130) 819 45
Other non-cash items 424 233 253
Changes in assets and liabilities, net of acquisitions:      
Receivables (3,935) (2,954) (1,082)
Inventories (2,270) (1,294) (1,259)
Drafts and accounts payable 8,301 4,587 3,788
Operating lease liabilities (404) (339) (338)
Taxes (136) 331 363
Litigation liabilities (401) (395) (1,088)
Other (281) 37 56
Net cash provided by operating activities 6,085 4,314 5,159
INVESTING ACTIVITIES      
Payments for property, plant, and equipment (537) (431) (390)
Capitalized software expenditures (322) (256) (168)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (24) (272) (867)
Proceeds from sales of businesses and investments, net 179 47 1,077
Other (29) (160) (194)
Net cash used in investing activities (733) (1,072) (542)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 15,086 19,964 8,450
Repayments of short-term borrowings (15,086) (19,964) (8,450)
Proceeds from issuances of long-term debt 498 991 997
Repayments of long-term debt (519) (288) (1,274)
Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt 0 (647) 0
Common stock transactions:      
Issuances 101 116 163
Share repurchases (3,146) (3,025) (3,638)
Dividends paid (345) (314) (292)
Other (554) (175) (324)
Net cash used in financing activities (3,965) (3,342) (4,368)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (16) 6 25
Cash, cash equivalents, and restricted cash classified as Assets held for sale 0 0 470
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,371 (94) 744
Cash, cash equivalents, and restricted cash at beginning of year 4,585 4,679 3,935
Cash, cash equivalents, and restricted cash at end of year 5,956 4,585 4,679
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 (265) (2) (1)
Cash and cash equivalents at end of year 5,691 4,583 4,678
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest, net 273 234 224
Income taxes, net of refunds $ 1,124 $ 901 $ 562