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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
 [1]
Mar. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ 1,262 $ 1,782 [2] $ (100) [2]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 2,023 2,014 [2] 658 [2]
Pension & other post-employment benefits, actuarial & settlement losses (gains) 143 (220) [2] 87 [2]
Share-based compensation 74 93 [2] 75 [2]
Deferred taxes 97 (842) [2] (92) [2]
(Gain) loss on dispositions (163) 4 [2] 6 [2]
Provision for losses on accounts receivable (10) 45 [2] 4 [2]
Unrealized foreign currency exchange losses 30 22 [2] 24 [2]
Impairment losses and contract write-offs 0 41 [2] 8 [2]
Amortization of debt issuance costs and (premium) discount (10) (4) [2] 17 [2]
Cash surrender value in excess of premiums paid (11) (11) [2] (7) [2]
Other non-cash charges, net 11 4 [2] 0 [2]
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Increase in receivables (947) (464) [2] (25) [2]
Increase in prepaid expenses and other current assets (632) (196) [2] (29) [2]
(Decrease) increase in accounts payable and accruals (52) (96) [2] 54 [2]
(Decrease) increase in income taxes payable and income tax liability (107) 303 [2] (32) [2]
(Decrease) increase in advance contract payments and deferred revenue (74) 130 [2] (67) [2]
Other operating activities, net 149 (38) [2] 38 [2]
Net cash provided by operating activities 1,783 2,567 [2] 619 [2]
Cash flows from investing activities:      
Purchases of property and equipment (297) (224) [2] (246) [2]
Payments for transition and transformation contract costs (394) (328) [2] (101) [2]
Software purchased and developed (261) (211) [2] (140) [2]
Cash acquired through HPES Merger 0 938 [2] 0 [2]
Payments for acquisitions, net of cash acquired (365) (203) [2] (434) [2]
Business dispositions (65) 0 [2] 3 [2]
Cash collections related to deferred purchase price receivable 1,084 685 [2] 359 [2]
Proceeds from sale of assets 357 58 [2] 57 [2]
Other investing activities, net 10 4 [2] (63) [2]
Net cash provided by (used in) investing activities 69 719 [2] (565) [2]
Cash flows from financing activities:      
Borrowings of commercial paper 2,747 2,413 [2] 2,191 [2]
Repayments of commercial paper (2,840) (2,297) [2] (2,086) [2]
Borrowings under lines of credit 0 0 [2] 920 [2]
Repayment of borrowings under lines of credit 0 (737) [2] (789) [2]
Borrowings on long-term debt, net of discount 1,646 621 [2] 159 [2]
Principal payments on long-term debt (2,625) (1,547) [2] (168) [2]
Payments on capital leases and borrowings for asset financing (944) (1,060) [2] (145) [2]
Borrowings for USPS spin transaction 1,114 0 [2] 0 [2]
Proceeds from bond issuance 753 989 [2] 0 [2]
Proceeds from structured sale of facility 0 0 [2] 85 [2]
Proceeds from stock options and other common stock transactions 47 138 [2] 54 [2]
Taxes paid related to net share settlements of share-based compensation awards (54) (76) [2] (13) [2]
Repurchase of common stock (1,344) (132) [2] 0 [2]
Dividend payments (210) (174) [2] (78) [2]
Other financing activities, net 47 (28) [2] (37) [2]
Net cash (used in) provided by financing activities (1,663) (1,890) [2] 93 [2]
Effect of exchange rate changes on cash and cash equivalents (19) 65 [2] (60) [2]
Net increase in cash and cash equivalents 170 1,461 [2] 87 [2]
Cash and cash equivalents at beginning of year [2] 2,729 [1] 1,268 1,181
Cash and cash equivalents at end of year $ 2,899 $ 2,729 [2] $ 1,268 [1],[2]
[1] As a result of the USPS Separation, the Consolidated Statements of Operations, Consolidated Balance Sheets, and related financial information reflect USPS's operations and assets and liabilities as discontinued operations for all periods presented. The cash flows of USPS have not been segregated and are included in the Consolidated Statement of Cash flows for the fiscal year ended March 31, 2018 and through the separation date of May 31, 2018 in the Consolidated Statement of Cash Flows for the fiscal year ended March 31, 2019.
[2] Fiscal 2018 and fiscal 2017 have been adjusted to give effect to the retrospective adoption of ASU 2016-15. See Note 22 - "Reconciliation of Previously Reported Amounts to Recast Financial Statements."