XML 31 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:      
Net (loss) income $ (146) $ (5,358) $ 1,262
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 1,988 1,960 2,023
Goodwill impairment losses 0 6,794 0
Operating right-of-use expense 616 698 0
Pension & other post-employment benefits, actuarial & settlement losses (gains) 519 (244) 143
Share-based compensation 56 68 74
Deferred taxes (403) (56) 97
(Gain) loss on dispositions (1,983) 1 (163)
Provision for losses on accounts receivable 53 3 (10)
Unrealized foreign currency exchange (gains) losses (36) 24 30
Impairment losses and contract write-offs 275 30 0
Debt extinguishment costs 41 0 0
Amortization of debt issuance costs and discount (premium) 3 (4) (10)
Cash surrender value in excess of premiums paid (3) (12) (11)
Other non-cash charges, net 1 0 11
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Decrease (increase) in receivables 257 269 (947)
Increase in prepaid expenses and other current assets (299) (229) (632)
Decrease in accounts payable and accruals (527) (565) (52)
Increase (decrease) in income taxes payable and income tax liability 434 (197) (107)
Decrease in operating lease liability (616) (698) 0
Decrease in advance contract payments and deferred revenue (66) (146) (74)
Other operating activities, net (40) 12 149
Net cash provided by operating activities 124 2,350 1,783
Cash flows from investing activities:      
Purchases of property and equipment (261) (350) (297)
Payments for transition and transformation contract costs (261) (281) (394)
Software purchased and developed (254) (235) (261)
Proceeds (payments) for acquisitions, net of cash acquired 184 (1,997) (365)
Business dispositions 4,947 0 (65)
Cash collections related to deferred purchase price receivable 159 671 1,084
Proceeds from sale of assets 164 73 357
Short-term investing 0 (75) 0
Proceeds from short-term investing 0 38 0
Other investing activities, net (13) 19 10
Net cash provided by (used in) investing activities 4,665 (2,137) 69
Cash flows from financing activities:      
Borrowings of commercial paper 1,486 4,939 2,747
Repayments of commercial paper (1,852) (5,076) (2,840)
Borrowings under lines of credit 2,500 1,500 0
Repayment of borrowings under lines of credit (4,000) 0 0
Borrowings on long-term debt 0 2,198 1,646
Principal payments on long-term debt (3,552) (1,039) (2,625)
Payments on finance leases and borrowings for asset financing (930) (865) (944)
Borrowings for USPS spin transaction 0 0 1,114
Proceeds from bond issuance 993 0 753
Proceeds from stock options and other common stock transactions 1 11 47
Taxes paid related to net share settlements of share-based compensation awards (7) (16) (54)
Repurchase of common stock and advance payment for accelerated share repurchase 0 (736) (1,344)
Dividend payments (53) (214) (210)
Payments for debt extinguishment costs (41) 0 0
Other financing activities, net (21) (45) 47
Net cash (used in) provided by financing activities (5,476) 657 (1,663)
Effect of exchange rate changes on cash and cash equivalents 39 (90) (19)
Net (decrease) increase in cash and cash equivalents including cash classified within current assets held for sale (648) 780 170
Less: cash classified within current assets held for sale (63) 0 0
Net (decrease) increase in cash and cash equivalents (711) 780 170
Cash and cash equivalents at beginning of year 3,679 2,899 2,729
Cash and cash equivalents at end of year $ 2,968 $ 3,679 $ 2,899