XML 24 R9.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES      
Net income $ 5,099 $ 3,481 $ 3,160
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 256 242 253
Amortization 473 394 382
Long-lived asset impairment charges 55 98 43
Deferred taxes 230 (110) (603)
Charges (credits) associated with last-in, first-out inventory method (210) 82 (157)
Non-cash operating lease expense 261 245 228
Loss (gain) from sales of businesses and investments (573) 485 (17)
Provision for bad debts 100 (130) 819
Other non-cash items 302 424 233
Changes in assets and liabilities, net of acquisitions:      
Receivables (1,999) (3,935) (2,954)
Inventories (1,082) (2,270) (1,294)
Drafts and accounts payable 4,317 8,301 4,587
Operating lease liabilities (270) (404) (339)
Taxes (339) (136) 331
Litigation liabilities (684) (401) (395)
Other 219 (281) 37
Net cash provided by operating activities 6,155 6,085 4,314
INVESTING ACTIVITIES      
Payments for property, plant, and equipment (436) (537) (431)
Capitalized software expenditures (309) (322) (256)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (3,416) (24) (272)
Proceeds from sales of businesses and investments, net 830 179 47
Other (101) (29) (160)
Net cash used in investing activities (3,432) (733) (1,072)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 9,247 15,086 19,964
Repayments of short-term borrowings (9,247) (15,086) (19,964)
Proceeds from issuances of long-term debt 1,990 498 991
Repayments of long-term debt (1,207) (519) (288)
Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt 0 0 (647)
Common stock transactions:      
Issuances 89 101 116
Share repurchases (4,750) (3,146) (3,025)
Dividends paid (381) (345) (314)
Other (372) (554) (175)
Net cash used in financing activities (4,631) (3,965) (3,342)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 20 (16) 6
Net increase (decrease) in cash, cash equivalents, and restricted cash (1,888) 1,371 (94)
Cash, cash equivalents, and restricted cash at beginning of year 5,956 4,585 4,679
Cash, cash equivalents, and restricted cash at end of year 4,068 5,956 4,585
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 (93) (265) (2)
Cash and cash equivalents at end of year 3,975 5,691 4,583
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest, net 212 273 234
Income taxes, net of refunds $ 1,211 $ 1,124 $ 901