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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Cash provided (used) by operations:    
Net income $ 1,450 $ 1,468
Adjustments to reconcile net income to net cash provided (used) by operations:    
Depreciation 191 169
Deferred income taxes (68) (43)
Stock-based compensation 196 170
Amortization, impairment and other (5) (9)
Net foreign currency adjustments (7) 16
Changes in certain working capital components and other assets and liabilities:    
(Increase) decrease in accounts receivable (621) (415)
(Increase) decrease in inventories (263) (1,363)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets (225) (128)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities (714) 492
Cash provided (used) by operations (66) 357
Cash provided (used) by investing activities:    
Purchases of short-term investments (1,144) (2,469)
Maturities of short-term investments 778 1,432
Sales of short-term investments 1,038 948
Additions to property, plant and equipment (253) (264)
Other investing activities (1) 139
Cash provided (used) by investing activities 418 (214)
Cash provided (used) by financing activities:    
Increase (decrease) in notes payable, net 0 (1)
Proceeds from exercise of stock options and other stock issuances 99 82
Repurchase of common stock (1,133) (983)
Dividends — common and preferred (524) (480)
Other financing activities (41) (22)
Cash provided (used) by financing activities (1,599) (1,404)
Effect of exchange rate changes on cash and equivalents (16) (87)
Net increase (decrease) in cash and equivalents (1,263) (1,348)
Cash and equivalents, beginning of period 7,441 8,574
CASH AND EQUIVALENTS, END OF PERIOD 6,178 7,226
Supplemental disclosure of cash flow information:    
Non-cash additions to property, plant and equipment 148 124
Dividends declared and not paid $ 519 $ 482