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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net income $ 2,330 $ 2,896
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 191 185
Amortization 284 262
Long-lived asset impairment charges 28 13
Deferred taxes (552) 55
Charges (credits) associated with last-in, first-out inventory method 89 (31)
Non-cash operating lease expense 186 183
Gain from sales of businesses and investments (17) (215)
Provision for bad debts 780 31
Other non-cash items 137 190
Changes in assets and liabilities, net of acquisitions:    
Receivables (4,298) (2,193)
Inventories (2,384) (2,190)
Drafts and accounts payable 4,163 3,531
Operating lease liabilities (247) (256)
Taxes (40) 381
Litigation liabilities (529) (1,021)
Other 46 13
Net cash provided by operating activities 167 1,834
INVESTING ACTIVITIES    
Payments for property, plant, and equipment (243) (265)
Capitalized software expenditures (175) (111)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (6) (856)
Proceeds from sales of businesses and investments, net 47 1,074
Other (118) (140)
Net cash used in investing activities (495) (298)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 4,770 1,100
Repayments of short-term borrowings (4,552) (483)
Proceeds from issuances of long-term debt 991 499
Repayments of long-term debt (280) (412)
Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt (647) 0
Common stock transactions:    
Issuances 75 143
Share repurchases (2,347) (3,500)
Dividends paid (232) (216)
Other (152) (309)
Net cash used in financing activities (2,374) (3,178)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 6 15
Change in cash, cash equivalents, and restricted cash classified as Assets held for sale 0 470
Net decrease in cash, cash equivalents, and restricted cash (2,696) (1,157)
Cash, cash equivalents, and restricted cash at beginning of period 4,679 3,935
Cash, cash equivalents, and restricted cash at end of period 1,983 2,778
Less: Restricted cash at end of period included in Prepaid expenses and other (1) (4)
Cash and cash equivalents at end of period $ 1,982 $ 2,774