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v3.2.0.727

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended
--- | ---
Aug. 31, 2015 | Aug. 31, 2014
Operating Activities: |  |
Net income | $ 692 | $ 653
Adjustments to reconcile net income to cash provided by operating activities: |  |
Depreciation and amortization | 648 | 651
Provision for uncollectible accounts | 28 | 35
Stock-based compensation | 53 | 48
Deferred income taxes and other noncash items | 20 | (22)
Changes in assets and liabilities: |  |
Receivables | 50 | (86)
Other assets | (89) | (30)
Accounts payable and other liabilities | (151) | (257)
Other, net | (10) | (10)
Cash provided by operating activities | 1,241 | 982
Investing Activities: |  |
Capital expenditures | (1,209) | (720)
Proceeds from asset dispositions and other | 10 | 4
Cash used in investing activities | (1,199) | (716)
Financing Activities: |  |
Principal payments on debt | (15) |
Proceeds from stock issuances | 46 | 97
Excess tax benefit on the exercise of stock options | 6 | 10
Dividends paid | (71) | (57)
Purchase of treasury stock | (190) | (791)
Cash used in financing activities | (224) | (741)
Effect of exchange rate changes on cash | (38) | (17)
Net decrease in cash and cash equivalents | (220) | (492)
Cash and cash equivalents at beginning of period | 3,763 | 2,908
Cash and cash equivalents at end of period | $ 3,543 | $ 2,416

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