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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
OPERATING ACTIVITIES      
Net income $ 4,331,000,000 $ 3,972,000,000 $ 3,826,000,000
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 4,287,000,000 4,176,000,000 3,970,000,000
Provision for uncollectible accounts 421,000,000 696,000,000 403,000,000
Other noncash items including leases and deferred income taxes 2,919,000,000 3,472,000,000 2,931,000,000
Stock-based compensation 163,000,000 182,000,000 190,000,000
Retirement plans mark-to-market adjustments (561,000,000) (650,000,000) 1,578,000,000
Goodwill and other asset impairment charges 157,000,000 117,000,000  
Business optimization and realignment costs, net of payments 26,000,000 23,000,000 53,000,000
Changes in assets and liabilities:      
Receivables (270,000,000) 782,000,000 (310,000,000)
Other current assets (43,000,000) 48,000,000 (158,000,000)
Pension and postretirement healthcare assets and liabilities, net (522,000,000) (623,000,000) (697,000,000)
Accounts payable and other liabilities (2,553,000,000) (3,331,000,000) (1,861,000,000)
Other, net (43,000,000) (16,000,000) (93,000,000)
Cash provided by operating activities 8,312,000,000 8,848,000,000 9,832,000,000
INVESTING ACTIVITIES      
Capital expenditures (5,176,000,000) (6,174,000,000) (6,763,000,000)
Purchase of investments (176,000,000) (84,000,000) (147,000,000)
Proceeds from sale of investments 38,000,000    
Proceeds from asset dispositions and other 114,000,000 84,000,000 94,000,000
Cash used in investing activities (5,200,000,000) (6,174,000,000) (6,816,000,000)
FINANCING ACTIVITIES      
Principal payments on debt (147,000,000) (152,000,000) (161,000,000)
Proceeds from stock issuances 491,000,000 231,000,000 184,000,000
Dividends paid (1,259,000,000) (1,177,000,000) (793,000,000)
Purchase of treasury stock (2,500,000,000) (1,500,000,000) (2,248,000,000)
Other, net (11,000,000) 1,000,000 (1,000,000)
Cash used in financing activities (3,426,000,000) (2,597,000,000) (3,019,000,000)
Effect of exchange rate changes on cash (41,000,000) (118,000,000) (187,000,000)
Net decrease in cash and cash equivalents (355,000,000) (41,000,000) (190,000,000)
Cash and cash equivalents at beginning of period 6,856,000,000 6,897,000,000 7,087,000,000
Cash and cash equivalents at end of period $ 6,501,000,000 $ 6,856,000,000 $ 6,897,000,000