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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net Income $ 969 $ 1,131
Income from Discontinued Operations, Net of Tax 0 173
Net Income from Continuing Operations 969 958
Adjustments to net income from continuing operations to derive net cash provided by continuing operating activities:    
Depreciation and amortization 1,130 1,094
Share-based compensation 145 134
Deferred income taxes (325) (53)
Change in operating assets and liabilities (1,274) (1,076)
Pension obligation 44 (136)
Other, net (105) (101)
Net Cash Provided by Continuing Operating Activities 584 820
Investing Activities    
Capital expenditures (389) (405)
Acquisitions, net of cash acquired 0 (450)
Other, net (134) (124)
Net Cash Used for Continuing Investing Activities (524) (979)
Financing Activities    
Change in short-term debt 365 0
Proceeds from long-term debt 1,662 0
Distribution from Embecta Corp. (see Note 2) 0 1,266
Payments of debt (529) (2)
Dividends paid (563) (541)
Other, net (101) (63)
Net Cash Provided by Continuing Financing Activities 835 659
Net cash provided by operating activities 0 298
Net cash used for investing activities 0 (11)
Net cash provided by financing activities 0 145
Net Cash Provided by Discontinued Operations 0 432
Effect of exchange rate changes on cash and equivalents and restricted cash 14 (4)
Net increase in cash and equivalents and restricted cash 909 928
Opening Cash and Equivalents and Restricted Cash 1,159 2,392
Closing Cash and Equivalents and Restricted Cash $ 2,068 $ 3,320