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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 1,776 $ 843
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 124 148
Amortization 175 265
Long-lived asset impairment charges 11 127
Deferred taxes 170 (18)
Credits associated with last-in, first-out inventory method (36) (46)
Non-cash operating lease expense 126 152
Gain from sales of businesses and investments (148) (101)
European businesses held for sale (35) 470
Other non-cash items 157 381
Changes in assets and liabilities, net of acquisitions:    
Receivables (1,883) (2,311)
Inventories (1,453) (1,164)
Drafts and accounts payable 2,292 1,431
Operating lease liabilities (174) (186)
Taxes 82 40
Litigation liabilities (915) 151
Other (103) (12)
Net cash provided by operating activities 166 170
INVESTING ACTIVITIES    
Payments for property, plant, and equipment (157) (186)
Capitalized software expenditures (65) (93)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (23) (4)
Proceeds from sales of businesses and investments, net 496 179
Other (135) (53)
Net cash provided by (used in) investing activities 116 (157)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 100 3,020
Repayments of short-term borrowings (100) (3,020)
Proceeds from issuances of long-term debt 0 498
Repayments of long-term debt (4) (1,636)
Payments for debt extinguishments 0 (184)
Common stock transactions:    
Issuances 127 111
Share repurchases (1,484) (1,272)
Dividends paid (139) (134)
Exercise of put right by noncontrolling shareholders of McKesson Europe AG 0 (1,031)
Other (253) (246)
Net cash used in financing activities (1,753) (3,894)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 24 18
Change in cash, cash equivalents, and restricted cash classified within Assets held for sale 470 0
Net decrease in cash, cash equivalents, and restricted cash (977) (3,863)
Cash, cash equivalents, and restricted cash at beginning of period 3,935 6,396
Cash, cash equivalents, and restricted cash at end of period 2,958 2,533
Less: Restricted cash at end of period included in Prepaid expenses and other (42) (382)
Cash and cash equivalents at end of period $ 2,916 $ 2,151