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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 31, 2016
May 31, 2015
May 31, 2014
Cash provided by operations:      
Net income $ 3,760 $ 3,273 $ 2,693
Income charges (credits) not affecting cash:      
Depreciation 649 606 518
Deferred income taxes (80) (113) (11)
Stock-based compensation 236 191 177
Amortization and other 13 43 68
Net foreign currency adjustments 98 424 56
Changes in certain working capital components and other assets and liabilities:      
Decrease (increase) in accounts receivable 60 (216) (298)
(Increase) in inventories (590) (621) (505)
(Increase) in prepaid expenses and other current assets (161) (144) (210)
(Decrease) increase in accounts payable, accrued liabilities and income taxes payable (889) 1,237 525
Cash provided by operations 3,096 4,680 3,013
Cash used by investing activities:      
Purchases of short-term investments (5,367) (4,936) (5,386)
Maturities of short-term investments 2,924 3,655 3,932
Sales of short-term investments 2,386 2,216 1,126
Investments in reverse repurchase agreements 150 (150) 0
Additions to property, plant and equipment (1,143) (963) (880)
Disposals of property, plant and equipment 10 3 3
Decrease (increase) in other assets, net of other liabilities 6 0 (2)
Cash used by investing activities (1,034) (175) (1,207)
Cash used by financing activities:      
Net proceeds from long-term debt issuance 981 0 0
Long-term debt payments, including current portion (106) (7) (60)
(Decrease) increase in notes payable (67) (63) 75
Payments on capital lease obligations (7) (19) (17)
Proceeds from exercise of stock options and other stock issuances 507 514 383
Excess tax benefits from share-based payment arrangements 281 218 132
Repurchase of common stock (3,238) (2,534) (2,628)
Dividends — common and preferred (1,022) (899) (799)
Cash used by financing activities (2,671) (2,790) (2,914)
Effect of exchange rate changes on cash and equivalents (105) (83) (9)
Net (decrease) increase in cash and equivalents (714) 1,632 (1,117)
Cash and equivalents, beginning of year 3,852 2,220 3,337
CASH AND EQUIVALENTS, END OF YEAR 3,138 3,852 2,220
Cash paid during the year for:      
Interest, net of capitalized interest 70 53 53
Income taxes 748 1,262 856
Non-cash additions to property, plant and equipment 252 206 167
Dividends declared and not paid $ 271 $ 240 $ 209