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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Cash provided (used) by operations:    
Net income $ 1,518 $ 1,367
Adjustments to reconcile net income to net cash provided (used) by operations:    
Depreciation 176 169
Deferred income taxes (220) (42)
Stock-based compensation 136 80
Amortization, impairment and other 41 6
Net foreign currency adjustments (45) 49
Changes in certain working capital components and other assets and liabilities:    
(Increase) decrease in accounts receivable (990) (456)
(Increase) decrease in inventories 689 (270)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets (338) 38
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities (85) (547)
Cash provided (used) by operations 882 394
Cash provided (used) by investing activities:    
Purchases of short-term investments (1,401) (504)
Maturities of short-term investments 302 16
Sales of short-term investments 384 533
Additions to property, plant and equipment (176) (284)
Other investing activities 2 (109)
Cash provided (used) by investing activities (889) (348)
Cash provided (used) by financing activities:    
Increase (decrease) in notes payable (30) 241
Repayment of borrowings (83) (2)
Proceeds from exercise of stock options and other stock issuances 302 111
Repurchase of common stock 0 (999)
Dividends — common and preferred (384) (345)
Other financing activities (53) (16)
Cash provided (used) by financing activities (248) (1,010)
Effect of exchange rate changes on cash and equivalents 55 (56)
Net increase (decrease) in cash and equivalents (200) (1,020)
Cash and equivalents, beginning of period 8,348 4,466
CASH AND EQUIVALENTS, END OF PERIOD 8,148 3,446
Supplemental disclosure of cash flow information:    
Non-cash additions to property, plant and equipment 114 90
Dividends declared and not paid $ 383 $ 344