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v3.8.0.1

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions | 6 Months Ended
--- | ---
Nov. 30, 2017 | Nov. 30, 2016
Operating Activities: |  |
Net income | $ 1,371 | $ 1,415
Adjustments to reconcile net income to cash provided by operating activities: |  |
Depreciation and amortization | 1,507 | 1,479
Provision for uncollectible accounts | 116 | 76
Stock-based compensation | 103 | 93
Deferred income taxes and other noncash items | 327 | 320
Gain from sale of investment |  | (35)
Changes in assets and liabilities: |  |
Receivables | (983) | (513)
Other assets | (338) | (250)
Accounts payable and other liabilities | (564) | 67
Other, net | (41) | (17)
Cash provided by operating activities | 1,498 | 2,635
Investing Activities: |  |
Capital expenditures | (2,621) | (2,681)
Business acquisitions, net of cash acquired | (44) |
Proceeds from asset dispositions and other | 12 | 100
Cash used in investing activities | (2,653) | (2,581)
Financing Activities: |  |
Proceeds from short-term borrowings | 250 |
Principal payments on debt | (28) | (43)
Proceeds from stock issuances | 205 | 164
Dividends paid | (268) | (213)
Purchase of treasury stock | (270) | (334)
Other, net | 3 | (5)
Cash used in financing activities | (108) | (431)
Effect of exchange rate changes on cash | 62 | (98)
Net decrease in cash and cash equivalents | (1,201) | (475)
Cash and cash equivalents at beginning of period | 3,969 | 3,534
Cash and cash equivalents at end of period | $ 2,768 | $ 3,059

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