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Condensed Consolidating Financial Statements (Tables) | 12 Months Ended
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May. 31, 2015
Condensed Consolidating Financial Statements (Tables) [Abstract] |
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
May 31, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 2,383 |  | $ | 487 |  | $ | 971 |  | $ | (78) |  | $ | 3,763
| Receivables, less allowances |  | 3 |  |  | 4,383 |  |  | 1,385 |  |  | (52) |  |  | 5,719
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 41 |  |  | 689 |  |  | 123 |  |  | - |  |  | 853
| Deferred income taxes |  | - |  |  | 571 |  |  | 35 |  |  | - |  |  | 606
|  |  | Total current assets |  | 2,427 |  |  | 6,130 |  |  | 2,514 |  |  | (130) |  |  | 10,941
PROPERTY AND EQUIPMENT, AT COST |  | 29 |  |  | 40,364 |  |  | 2,471 |  |  | - |  |  | 42,864
| Less accumulated depreciation and amortization |  | 23 |  |  | 20,685 |  |  | 1,281 |  |  | - |  |  | 21,989
|  |  | Net property and equipment |  | 6 |  |  | 19,679 |  |  | 1,190 |  |  | - |  |  | 20,875
INTERCOMPANY RECEIVABLE |  | - |  |  | 686 |  |  | 1,563 |  |  | (2,249) |  |  | -
GOODWILL |  | - |  |  | 1,552 |  |  | 2,258 |  |  | - |  |  | 3,810
INVESTMENT IN SUBSIDIARIES |  | 23,173 |  |  | 3,800 |  |  | - |  |  | (26,973) |  |  | -
OTHER ASSETS |  | 2,752 |  |  | 898 |  |  | 477 |  |  | (2,684) |  |  | 1,443
|  |  |  |  | $ | 28,358 |  | $ | 32,745 |  | $ | 8,002 |  | $ | (32,036) |  | $ | 37,069
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | - |  | $ | 7 |  | $ | 12 |  | $ | - |  | $ | 19
| Accrued salaries and employee benefits |  | 34 |  |  | 1,208 |  |  | 194 |  |  | - |  |  | 1,436
| Accounts payable |  | 5 |  |  | 1,433 |  |  | 758 |  |  | (130) |  |  | 2,066
| Accrued expenses |  | 604 |  |  | 1,557 |  |  | 275 |  |  | - |  |  | 2,436
|  | Total current liabilities |  | 643 |  |  | 4,205 |  |  | 1,239 |  |  | (130) |  |  | 5,957
LONG-TERM DEBT, LESS CURRENT PORTION |  | 6,978 |  |  | 248 |  |  | 23 |  |  | - |  |  | 7,249
INTERCOMPANY PAYABLE |  | 2,249 |  |  | - |  |  | - |  |  | (2,249) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 4,206 |  |  | 225 |  |  | (2,684) |  |  | 1,747
| Other liabilities |  | 3,495 |  |  | 3,367 |  |  | 261 |  |  | - |  |  | 7,123
|  | Total other long-term liabilities |  | 3,495 |  |  | 7,573 |  |  | 486 |  |  | (2,684) |  |  | 8,870
STOCKHOLDERS' INVESTMENT |  | 14,993 |  |  | 20,719 |  |  | 6,254 |  |  | (26,973) |  |  | 14,993
|  |  |  |  | $ | 28,358 |  | $ | 32,745 |  | $ | 8,002 |  | $ | (32,036) |  | $ | 37,069
CONDENSED CONSOLIDATING BALANCE SHEETS
May 31, 2014
(As Adjusted)
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 1,756 |  | $ | 441 |  | $ | 861 |  | $ | (150) |  | $ | 2,908
| Receivables, less allowances |  | 2 |  |  | 4,338 |  |  | 1,151 |  |  | (31) |  |  | 5,460
| Spare parts, supplies, fuel, prepaid expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | and other, less allowances |  | 59 |  |  | 674 |  |  | 60 |  |  | - |  |  | 793
| Deferred income taxes |  | - |  |  | 501 |  |  | 21 |  |  | - |  |  | 522
|  |  | Total current assets |  | 1,817 |  |  | 5,954 |  |  | 2,093 |  |  | (181) |  |  | 9,683
PROPERTY AND EQUIPMENT, AT COST |  | 28 |  |  | 38,303 |  |  | 2,360 |  |  | - |  |  | 40,691
| Less accumulated depreciation and amortization |  | 22 |  |  | 19,899 |  |  | 1,220 |  |  | - |  |  | 21,141
|  |  | Net property and equipment |  | 6 |  |  | 18,404 |  |  | 1,140 |  |  | - |  |  | 19,550
INTERCOMPANY RECEIVABLE |  | - |  |  | 2,366 |  |  | 1,320 |  |  | (3,686) |  |  | -
GOODWILL |  | - |  |  | 1,552 |  |  | 1,238 |  |  | - |  |  | 2,790
INVESTMENT IN SUBSIDIARIES |  | 22,148 |  |  | 3,745 |  |  | - |  |  | (25,893) |  |  | -
OTHER ASSETS |  | 2,088 |  |  | 747 |  |  | 250 |  |  | (2,038) |  |  | 1,047
|  |  |  |  | $ | 26,059 |  | $ | 32,768 |  | $ | 6,041 |  | $ | (31,798) |  | $ | 33,070
LIABILITIES AND STOCKHOLDERS' INVESTMENT |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current portion of long-term debt | $ | - |  | $ | 1 |  | $ | - |  | $ | - |  | $ | 1
| Accrued salaries and employee benefits |  | 55 |  |  | 1,042 |  |  | 180 |  |  | - |  |  | 1,277
| Accounts payable |  | 2 |  |  | 1,530 |  |  | 620 |  |  | (181) |  |  | 1,971
| Accrued expenses |  | 405 |  |  | 1,444 |  |  | 214 |  |  | - |  |  | 2,063
|  | Total current liabilities |  | 462 |  |  | 4,017 |  |  | 1,014 |  |  | (181) |  |  | 5,312
LONG-TERM DEBT, LESS CURRENT PORTION |  | 4,487 |  |  | 249 |  |  | - |  |  | - |  |  | 4,736
INTERCOMPANY PAYABLE |  | 3,686 |  |  | - |  |  | - |  |  | (3,686) |  |  | -
OTHER LONG-TERM LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deferred income taxes |  | - |  |  | 4,059 |  |  | 93 |  |  | (2,038) |  |  | 2,114
| Other liabilities |  | 2,147 |  |  | 3,230 |  |  | 254 |  |  | - |  |  | 5,631
|  | Total other long-term liabilities |  | 2,147 |  |  | 7,289 |  |  | 347 |  |  | (2,038) |  |  | 7,745
STOCKHOLDERS' INVESTMENT |  | 15,277 |  |  | 21,213 |  |  | 4,680 |  |  | (25,893) |  |  | 15,277
|  |  |  |  | $ | 26,059 |  | $ | 32,768 |  | $ | 6,041 |  | $ | (31,798) |  | $ | 33,070
Condensed Consolidating Statements of Comprehensive Income |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Year Ended May 31, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 39,420 |  | $ | 8,414 |  | $ | (381) |  | $ | 47,453
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 106 |  |  | 14,626 |  |  | 2,378 |  |  | - |  |  | 17,110
| Purchased transportation |  | - |  |  | 5,802 |  |  | 2,878 |  |  | (197) |  |  | 8,483
| Rentals and landing fees |  | 5 |  |  | 2,322 |  |  | 360 |  |  | (5) |  |  | 2,682
| Depreciation and amortization |  | 1 |  |  | 2,370 |  |  | 240 |  |  | - |  |  | 2,611
| Fuel |  | - |  |  | 3,632 |  |  | 88 |  |  | - |  |  | 3,720
| Maintenance and repairs |  | 1 |  |  | 1,949 |  |  | 149 |  |  | - |  |  | 2,099
| Impairment and other charges |  | - |  |  | 276 |  |  | - |  |  | - |  |  | 276
| Retirement plans mark-to-market adjustment |  | - |  |  | 2,075 |  |  | 115 |  |  | - |  |  | 2,190
| Intercompany charges, net |  | (450) |  |  | 117 |  |  | 333 |  |  | - |  |  | -
| Other |  | 337 |  |  | 4,946 |  |  | 1,311 |  |  | (179) |  |  | 6,415
|  |  |  |  | - |  |  | 38,115 |  |  | 7,852 |  |  | (381) |  |  | 45,586
OPERATING INCOME |  | - |  |  | 1,305 |  |  | 562 |  |  | - |  |  | 1,867
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 1,050 |  |  | 337 |  |  | - |  |  | (1,387) |  |  | -
| Interest, net |  | (247) |  |  | 23 |  |  | 3 |  |  | - |  |  | (221)
| Intercompany charges, net |  | 253 |  |  | (265) |  |  | 12 |  |  | - |  |  | -
| Other, net |  | (6) |  |  | (32) |  |  | 19 |  |  | - |  |  | (19)
INCOME BEFORE INCOME TAXES |  | 1,050 |  |  | 1,368 |  |  | 596 |  |  | (1,387) |  |  | 1,627
| Provision for income taxes |  | - |  |  | 390 |  |  | 187 |  |  | - |  |  | 577
NET INCOME | $ | 1,050 |  | $ | 978 |  | $ | 409 |  | $ | (1,387) |  | $ | 1,050
COMPREHENSIVE INCOME | $ | 1,053 |  | $ | 929 |  | $ | 121 |  | $ | (1,387) |  | $ | 716
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Year Ended May 31, 2014
(As Adjusted)
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 38,088 |  | $ | 7,820 |  | $ | (341) |  | $ | 45,567
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 99 |  |  | 13,936 |  |  | 2,136 |  |  | - |  |  | 16,171
| Purchased transportation |  | - |  |  | 5,374 |  |  | 2,796 |  |  | (159) |  |  | 8,011
| Rentals and landing fees |  | 5 |  |  | 2,282 |  |  | 340 |  |  | (5) |  |  | 2,622
| Depreciation and amortization |  | 1 |  |  | 2,379 |  |  | 207 |  |  | - |  |  | 2,587
| Fuel |  | - |  |  | 4,460 |  |  | 97 |  |  | - |  |  | 4,557
| Maintenance and repairs |  | 1 |  |  | 1,734 |  |  | 127 |  |  | - |  |  | 1,862
| Retirement plans mark-to-market adjustment |  | - |  |  | 13 |  |  | 2 |  |  | - |  |  | 15
| Intercompany charges, net |  | (209) |  |  | (125) |  |  | 334 |  |  | - |  |  | -
| Other |  | 103 |  |  | 4,823 |  |  | 1,178 |  |  | (177) |  |  | 5,927
|  |  |  |  | - |  |  | 34,876 |  |  | 7,217 |  |  | (341) |  |  | 41,752
OPERATING INCOME |  | - |  |  | 3,212 |  |  | 603 |  |  | - |  |  | 3,815
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 2,324 |  |  | 412 |  |  | - |  |  | (2,736) |  |  | -
| Interest, net |  | (167) |  |  | 16 |  |  | 9 |  |  | - |  |  | (142)
| Intercompany charges, net |  | 172 |  |  | (194) |  |  | 22 |  |  | - |  |  | -
| Other, net |  | (5) |  |  | (14) |  |  | 4 |  |  | - |  |  | (15)
INCOME BEFORE INCOME TAXES |  | 2,324 |  |  | 3,432 |  |  | 638 |  |  | (2,736) |  |  | 3,658
| Provision for income taxes |  | - |  |  | 1,141 |  |  | 193 |  |  | - |  |  | 1,334
NET INCOME | $ | 2,324 |  | $ | 2,291 |  | $ | 445 |  | $ | (2,736) |  | $ | 2,324
COMPREHENSIVE INCOME | $ | 2,248 |  | $ | 2,294 |  | $ | 417 |  | $ | (2,736) |  | $ | 2,223
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Year Ended May 31, 2013
(As Adjusted)
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
REVENUES | $ | - |  | $ | 37,073 |  | $ | 7,543 |  | $ | (329) |  | $ | 44,287
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Salaries and employee benefits |  | 103 |  |  | 13,877 |  |  | 2,075 |  |  | - |  |  | 16,055
| Purchased transportation |  | - |  |  | 4,839 |  |  | 2,574 |  |  | (141) |  |  | 7,272
| Rentals and landing fees |  | 5 |  |  | 2,198 |  |  | 324 |  |  | (6) |  |  | 2,521
| Depreciation and amortization |  | 1 |  |  | 2,200 |  |  | 185 |  |  | - |  |  | 2,386
| Fuel |  | - |  |  | 4,650 |  |  | 96 |  |  | - |  |  | 4,746
| Maintenance and repairs |  | 1 |  |  | 1,791 |  |  | 117 |  |  | - |  |  | 1,909
| Business realignment, impairment and other charges |  | 21 |  |  | 639 |  |  | - |  |  | - |  |  | 660
| Retirement plans mark-to-market adjustment |  | - |  |  | (1,335) |  |  | (33) |  |  | - |  |  | (1,368)
| Intercompany charges, net |  | (227) |  |  | (329) |  |  | 556 |  |  | - |  |  | -
| Other |  | 96 |  |  | 4,565 |  |  | 1,193 |  |  | (182) |  |  | 5,672
|  |  |  |  | - |  |  | 33,095 |  |  | 7,087 |  |  | (329) |  |  | 39,853
OPERATING INCOME |  | - |  |  | 3,978 |  |  | 456 |  |  | - |  |  | 4,434
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity in earnings of subsidiaries |  | 2,716 |  |  | 245 |  |  | - |  |  | (2,961) |  |  | -
| Interest, net |  | (108) |  |  | 42 |  |  | 5 |  |  | - |  |  | (61)
| Intercompany charges, net |  | 113 |  |  | (131) |  |  | 18 |  |  | - |  |  | -
| Other, net |  | (5) |  |  | (20) |  |  | (10) |  |  | - |  |  | (35)
INCOME BEFORE INCOME TAXES |  | 2,716 |  |  | 4,114 |  |  | 469 |  |  | (2,961) |  |  | 4,338
| Provision for income taxes |  | - |  |  | 1,416 |  |  | 206 |  |  | - |  |  | 1,622
NET INCOME | $ | 2,716 |  | $ | 2,698 |  | $ | 263 |  | $ | (2,961) |  | $ | 2,716
COMPREHENSIVE INCOME | $ | 2,644 |  | $ | 2,697 |  | $ | 314 |  | $ | (2,961) |  | $ | 2,694
Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended May 31, 2015
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (727) |  | $ | 5,446 |  | $ | 575 |  | $ | 72 |  | $ | 5,366
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | (1) |  |  | (4,139) |  |  | (207) |  |  | - |  |  | (4,347)
| Business acquisitions, net of cash acquired |  | (1,429) |  |  | - |  |  | - |  |  | - |  |  | (1,429)
| Proceeds from asset dispositions and other |  | - |  |  | 42 |  |  | (18) |  |  | - |  |  | 24
CASH USED IN INVESTING ACTIVITIES |  | (1,430) |  |  | (4,097) |  |  | (225) |  |  | - |  |  | (5,752)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 1,431 |  |  | (1,502) |  |  | 71 |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | 267 |  |  | (267) |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 68 |  |  | (68) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (1) |  |  | (4) |  |  | - |  |  | (5)
| Proceeds from debt issuance |  | 2,491 |  |  | - |  |  | - |  |  | - |  |  | 2,491
| Proceeds from stock issuances |  | 320 |  |  | - |  |  | - |  |  | - |  |  | 320
| Excess tax benefit on the exercise of stock options |  | 51 |  |  | - |  |  | - |  |  | - |  |  | 51
| Dividends paid |  | (227) |  |  | - |  |  | - |  |  | - |  |  | (227)
| Purchase of treasury stock |  | (1,254) |  |  | - |  |  | - |  |  | - |  |  | (1,254)
| Other, net |  | (27) |  |  | (105) |  |  | 105 |  |  | - |  |  | (27)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |  | 2,785 |  |  | (1,273) |  |  | (163) |  |  | - |  |  | 1,349
Effect of exchange rate changes on cash |  | (1) |  |  | (30) |  |  | (77) |  |  | - |  |  | (108)
Net increase in cash and cash equivalents |  | 627 |  |  | 46 |  |  | 110 |  |  | 72 |  |  | 855
Cash and cash equivalents at beginning of period |  | 1,756 |  |  | 441 |  |  | 861 |  |  | (150) |  |  | 2,908
Cash and cash equivalents at end of period | $ | 2,383 |  | $ | 487 |  | $ | 971 |  | $ | (78) |  | $ | 3,763
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended May 31, 2014
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $ | (8) |  | $ | 3,790 |  | $ | 535 |  | $ | (53) |  | $ | 4,264
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | (1) |  |  | (3,230) |  |  | (302) |  |  | - |  |  | (3,533)
| Business acquisitions, net of cash acquired |  | - |  |  | (36) |  |  | - |  |  | - |  |  | (36)
| Proceeds from asset dispositions and other |  | - |  |  | 37 |  |  | (19) |  |  | - |  |  | 18
CASH USED IN INVESTING ACTIVITIES |  | (1) |  |  | (3,229) |  |  | (321) |  |  | - |  |  | (3,551)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 588 |  |  | (546) |  |  | (42) |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | (4) |  |  | 4 |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 54 |  |  | (54) |  |  | - |  |  | -
| Principal payments on debt |  | (250) |  |  | (4) |  |  | - |  |  | - |  |  | (254)
| Proceeds from debt issuances |  | 1,997 |  |  | - |  |  | - |  |  | - |  |  | 1,997
| Proceeds from stock issuances |  | 557 |  |  | - |  |  | - |  |  | - |  |  | 557
| Excess tax benefit on the exercise of stock options |  | 44 |  |  | - |  |  | - |  |  | - |  |  | 44
| Dividends paid |  | (187) |  |  | - |  |  | - |  |  | - |  |  | (187)
| Purchase of treasury stock |  | (4,857) |  |  | - |  |  | - |  |  | - |  |  | (4,857)
| Other, net |  | (19) |  |  | (16) |  |  | 16 |  |  | - |  |  | (19)
CASH USED IN FINANCING ACTIVITIES |  | (2,127) |  |  | (516) |  |  | (76) |  |  | - |  |  | (2,719)
Effect of exchange rate changes on cash |  | - |  |  | (9) |  |  | 6 |  |  | - |  |  | (3)
Net (decrease) increase in cash and cash equivalents |  | (2,136) |  |  | 36 |  |  | 144 |  |  | (53) |  |  | (2,009)
Cash and cash equivalents at beginning of period |  | 3,892 |  |  | 405 |  |  | 717 |  |  | (97) |  |  | 4,917
Cash and cash equivalents at end of period | $ | 1,756 |  | $ | 441 |  | $ | 861 |  | $ | (150) |  | $ | 2,908
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended May 31, 2013
|  |  |  |  |  |  |  | Guarantor |  | Non-guarantor |  |  |  |
|  |  |  |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES | $ | 247 |  | $ | 3,936 |  | $ | 486 |  | $ | 19 |  | $ | 4,688
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Capital expenditures |  | (3) |  |  | (3,029) |  |  | (343) |  |  | - |  |  | (3,375)
| Business acquisitions, net of cash acquired |  | - |  |  | - |  |  | (483) |  |  | - |  |  | (483)
| Proceeds from asset dispositions and other |  | - |  |  | 49 |  |  | 6 |  |  | - |  |  | 55
CASH USED IN INVESTING ACTIVITIES |  | (3) |  |  | (2,980) |  |  | (820) |  |  | - |  |  | (3,803)
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net transfers from (to) Parent |  | 141 |  |  | (58) |  |  | (83) |  |  | - |  |  | -
| Payment on loan between subsidiaries |  | - |  |  | (385) |  |  | 385 |  |  | - |  |  | -
| Intercompany dividends |  | - |  |  | 21 |  |  | (21) |  |  | - |  |  | -
| Principal payments on debt |  | - |  |  | (417) |  |  | - |  |  | - |  |  | (417)
| Proceeds from debt issuance |  | 1,739 |  |  | - |  |  | - |  |  | - |  |  | 1,739
| Proceeds from stock issuances |  | 280 |  |  | - |  |  | - |  |  | - |  |  | 280
| Excess tax benefit on the exercise of stock options |  | 23 |  |  | - |  |  | - |  |  | - |  |  | 23
| Dividends paid |  | (177) |  |  | - |  |  | - |  |  | - |  |  | (177)
| Purchase of treasury stock |  | (246) |  |  | - |  |  | - |  |  | - |  |  | (246)
| Other, net |  | (18) |  |  | (119) |  |  | 119 |  |  | - |  |  | (18)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |  | 1,742 |  |  | (958) |  |  | 400 |  |  | - |  |  | 1,184
Effect of exchange rate changes on cash |  | - |  |  | (10) |  |  | 15 |  |  | - |  |  | 5
Net increase (decrease) in cash and cash equivalents |  | 1,986 |  |  | (12) |  |  | 81 |  |  | 19 |  |  | 2,074
Cash and cash equivalents at beginning of period |  | 1,906 |  |  | 417 |  |  | 636 |  |  | (116) |  |  | 2,843
Cash and cash equivalents at end of period | $ | 3,892 |  | $ | 405 |  | $ | 717 |  | $ | (97) |  | $ | 4,917

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