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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Cash provided (used) by operations:    
Net income $ 1,874 $ 1,518
Adjustments to reconcile net income to net cash provided (used) by operations:    
Depreciation 177 176
Deferred income taxes (145) (220)
Stock-based compensation 136 136
Amortization, impairment and other (9) 41
Net foreign currency adjustments 43 (45)
Changes in certain working capital components and other assets and liabilities:    
(Increase) decrease in accounts receivable 36 (990)
(Increase) decrease in inventories 101 689
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets (242) (338)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities (860) (85)
Cash provided (used) by operations 1,111 882
Cash provided (used) by investing activities:    
Purchases of short-term investments (2,550) (1,401)
Maturities of short-term investments 2,096 302
Sales of short-term investments 1,037 384
Additions to property, plant and equipment (184) (176)
Other investing activities 102 2
Cash provided (used) by investing activities 501 (889)
Cash provided (used) by financing activities:    
Increase (decrease) in notes payable 13 (30)
Repayment of borrowings 0 (83)
Proceeds from exercise of stock options and other stock issuances 473 302
Repurchase of common stock (752) 0
Dividends — common and preferred (435) (384)
Other financing activities (42) (53)
Cash provided (used) by financing activities (743) (248)
Effect of exchange rate changes on cash and equivalents (38) 55
Net increase (decrease) in cash and equivalents 831 (200)
Cash and equivalents, beginning of period 9,889 8,348
CASH AND EQUIVALENTS, END OF PERIOD 10,720 8,148
Supplemental disclosure of cash flow information:    
Non-cash additions to property, plant and equipment 103 114
Dividends declared and not paid $ 436 $ 383