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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 831 $ 960
Adjustments to reconcile to net cash used in operating activities:    
Depreciation 62 63
Amortization 95 106
Asset impairment charges 2 3
Deferred taxes (8) 28
Charges associated with last-in, first-out inventory method (7) (2)
Non-cash operating lease expense 70 57
Loss (gain) from sales of businesses and investments 17 (86)
Provision for bad debts 196 15
Other non-cash items 57 69
Changes in assets and liabilities:    
Receivables (2,089) (2,101)
Inventories (1,971) (4,442)
Drafts and accounts payable 1,947 4,616
Operating lease liabilities (89) (96)
Taxes 134 (211)
Litigation liabilities 0 114
Other (165) (473)
Net cash used in operating activities (918) (1,380)
INVESTING ACTIVITIES    
Payments for property, plant, and equipment (111) (106)
Capitalized software expenditures (78) (61)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (3,359) 0
Proceeds from sales of businesses and investments, net 4 90
Other (20) (10)
Net cash used in investing activities (3,564) (87)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 0 1,361
Repayments of short-term borrowings 0 (1,361)
Proceeds from issuances of long-term debt 1,990 0
Common stock transactions:    
Issuances 22 22
Share repurchases (581) (527)
Dividends paid (90) (82)
Other (165) (222)
Net cash provided by (used in) financing activities 1,176 (809)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 33 (5)
Net decrease in cash, cash equivalents, and restricted cash (3,273) (2,281)
Cash, cash equivalents, and restricted cash at beginning of period 5,956 4,585
Cash, cash equivalents, and restricted cash at end of period 2,683 2,304
Less: Restricted cash at end of period included in Prepaid expenses and other (265) (2)
Cash and cash equivalents at end of period $ 2,418 $ 2,302