XML 26 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income $ 991 $ 1,217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,514 1,387
Share-based compensation 57 76
Gain on dispositions (137) 0
Unrealized foreign currency exchange (gains) losses (32) 44
Other non-cash charges, net (21) 23
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in assets (1,012) (365)
Decrease in liabilities (325) (372)
Net cash provided by operating activities 1,035 2,010
Cash flows from investing activities:    
Purchases of property and equipment (219) (175)
Payments for transition and transformation contract costs (294) (259)
Software purchased and developed (183) (157)
Cash acquired through Merger 0 974
Payments for acquisitions, net of cash acquired (332) (193)
Business dispositions (65) 0
Cash collections related to deferred purchase price receivable 761 531
Proceeds from sale of assets 283 29
Other investing activities, net 9 20
Net cash (used in) provided by investing activities (40) 770
Cash flows from financing activities:    
Borrowings of commercial paper 1,853 1,822
Repayments of commercial paper (1,853) (1,706)
Repayment of borrowings under lines of credit 0 (335)
Borrowings on long-term debt, net of discount 1,646 621
Principal payments on long-term debt (2,619) (1,291)
Payments on capital leases and borrowings for asset financing (710) (732)
Borrowings for USPS spin transaction 1,114 0
Proceeds from bond issuance 753 647
Proceeds from stock options and other common stock transactions 40 107
Taxes paid related to net share settlements of share-based compensation awards (52) (75)
Repurchase of common stock (1,253) (66)
Dividend payments (159) (123)
Other financing activities, net 57 (5)
Net cash used in financing activities (1,183) (1,136)
Effect of exchange rate changes on cash and cash equivalents (66) 44
Net (decrease) increase in cash and cash equivalents (254) 1,688
Cash and cash equivalents at beginning of year 2,729 1,268
Cash and cash equivalents at end of period $ 2,475 $ 2,956