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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Operating Activities:      
Net income $ 1,820 $ 1,050 $ 2,324
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 2,631 2,611 2,587
Provision for uncollectible accounts 121 145 130
Deferred income taxes and other noncash items 31 (572) 339
Impairment and other charges   246  
Stock-based compensation 144 133 117
Retirement plans mark-to-market adjustment 1,498 2,190 15
Changes in assets and liabilities:      
Receivables (199) (392) (516)
Other current assets (234) 25 (22)
Pension and postretirement healthcare assets and liabilities, net (346) (692) (453)
Accounts payable and other liabilities 467 659 (235)
Other, net (225) (37) (22)
Cash provided by operating activities 5,708 5,366 4,264
Investing Activities:      
Capital expenditures (4,818) (4,347) (3,533)
Business acquisitions, net of cash acquired (4,618) (1,429) (36)
Proceeds from asset dispositions and other (10) 24 18
Cash used in investing activities (9,446) (5,752) (3,551)
Financing Activities:      
Principal payments on debt (41) (5) (254)
Proceeds from debt issuance 6,519 2,491 1,997
Proceeds from stock issuances 183 320 557
Excess tax benefit on the exercise of stock options 3 51 44
Dividends paid (277) (227) (187)
Purchase of treasury stock (2,722) (1,254) (4,857)
Other, net (54) (27) (19)
Cash provided by (used in) financing activities 3,611 1,349 (2,719)
Effect of exchange rate changes on cash (102) (108) (3)
Net (decrease) increase in cash and cash equivalents (229) 855 (2,009)
Cash and cash equivalents at beginning of period 3,763 2,908 4,917
Cash and cash equivalents at end of period $ 3,534 $ 3,763 $ 2,908