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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Cash provided (used) by operations:    
Net income $ 4,200 $ 4,039
Adjustments to reconcile net income to net cash provided (used) by operations:    
Depreciation 589 516
Deferred income taxes (281) (216)
Stock-based compensation 618 556
Amortization, impairment and other 51 107
Net foreign currency adjustments (81) (197)
Changes in certain working capital components and other assets and liabilities:    
(Increase) decrease in accounts receivable (429) 109
(Increase) decrease in inventories 698 (527)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets (342) (273)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities (213) (526)
Cash provided (used) by operations 4,810 3,588
Cash provided (used) by investing activities:    
Purchases of short-term investments (3,337) (4,844)
Maturities of short-term investments 2,036 2,470
Sales of short-term investments 3,093 3,149
Additions to property, plant and equipment (599) (700)
Other investing activities (9) 62
Cash provided (used) by investing activities 1,184 137
Cash provided (used) by financing activities:    
Increase (decrease) in notes payable, net 0 4
Proceeds from exercise of stock options and other stock issuances 477 413
Repurchase of common stock (3,214) (4,101)
Dividends — common and preferred (1,609) (1,488)
Other financing activities (122) (94)
Cash provided (used) by financing activities (4,468) (5,266)
Effect of exchange rate changes on cash and equivalents (7) (78)
Net increase (decrease) in cash and equivalents 1,519 (1,619)
Cash and equivalents, beginning of period 7,441 8,574
CASH AND EQUIVALENTS, END OF PERIOD 8,960 6,955
Supplemental disclosure of cash flow information:    
Non-cash additions to property, plant and equipment 177 145
Dividends declared and not paid $ 561 $ 527