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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 31, 2017
May 31, 2016
May 31, 2015
OPERATING ACTIVITIES      
Net income $ 2,997 $ 1,820 $ 1,050
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 2,995 2,631 2,611
Provision for uncollectible accounts 136 121 145
Deferred income taxes and other noncash items 909 31 (572)
Stock-based compensation 154 144 133
Retirement plans mark-to-market adjustment (24) 1,498 2,190
Gain from sale of investment (35)    
Impairment and other charges     246
Changes in assets and liabilities:      
Receivables (556) (199) (392)
Other current assets 78 (234) 25
Pension and postretirement healthcare assets and liabilities, net (1,688) (346) (692)
Accounts payable and other liabilities 103 467 659
Other, net (139) (225) (37)
Cash provided by operating activities 4,930 5,708 5,366
INVESTING ACTIVITIES      
Capital expenditures (5,116) (4,818) (4,347)
Business acquisitions, net of cash acquired   (4,618) (1,429)
Proceeds from asset dispositions and other 135 (10) 24
Cash used in investing activities (4,981) (9,446) (5,752)
FINANCING ACTIVITIES      
Principal payments on debt (82) (41) (5)
Proceeds from debt issuances 1,190 6,519 2,491
Proceeds from stock issuances 337 183 320
Dividends paid (426) (277) (227)
Purchase of treasury stock (509) (2,722) (1,254)
Other, net 18 (51) 24
Cash provided by financing activities 528 3,611 1,349
Effect of exchange rate changes on cash (42) (102) (108)
Net increase (decrease) in cash and cash equivalents 435 (229) 855
Cash and cash equivalents at beginning of period 3,534 3,763 2,908
Cash and cash equivalents at end of period $ 3,969 $ 3,534 $ 3,763