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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 1,032 $ 831
Adjustments to reconcile to net cash used in operating activities:    
Depreciation 69 62
Amortization 126 95
Asset impairment charges 47 2
Deferred taxes 19 (8)
Credits associated with last-in, first-out inventory method (2) (7)
Non-cash operating lease expense 66 70
Loss (gain) from sales of businesses and investments (6) 17
Provision for bad debts 45 196
Other non-cash items 76 57
Changes in assets and liabilities:    
Receivables (2,374) (2,089)
Inventories (2,074) (1,971)
Drafts and accounts payable 3,773 1,947
Operating lease liabilities (65) (89)
Taxes (538) 134
Litigation liabilities (34) 0
Other (380) (165)
Net cash used in operating activities (220) (918)
INVESTING ACTIVITIES    
Payments for property, plant, and equipment (112) (111)
Capitalized software expenditures (40) (78)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (23) (3,359)
Proceeds from sales of businesses and investments, net 9 4
Other (48) (20)
Net cash used in investing activities (214) (3,564)
FINANCING ACTIVITIES    
Proceeds from issuances of long-term debt 3,215 1,990
Repayments of long-term debt (1) 0
Common stock transactions:    
Issuances 23 22
Share repurchases (2,530) (581)
Dividends paid (102) (90)
Sale of noncontrolling interest in Medical-Surgical Solutions, net 1,238 0
Other (211) (165)
Net cash provided by financing activities 1,632 1,176
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (10) 33
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,188 (3,273)
Cash, cash equivalents, and restricted cash at beginning of period 4,068 5,956
Cash, cash equivalents, and restricted cash at end of period 5,256 2,683
Less: Restricted cash at end of period included in Prepaid expenses and other (92) (265)
Cash and cash equivalents at end of period $ 5,164 $ 2,418