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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
12 Months Ended
May 31, 2011
May 31, 2010
May 31, 2009
Cash provided by operations:      
Net income $ 2,133 $ 1,907 $ 1,487
Income charges (credits) not affecting cash:      
Depreciation 335 324 335
Deferred income taxes (76) 8 (294)
Stock-based compensation (Note 11) 105 159 171
Impairment of goodwill, intangibles and other assets (Note 4)     401
Amortization and other 23 72 48
Changes in certain working capital components and other assets and liabilities excluding the impact of acquisition and divestitures:      
(Increase) decrease in accounts receivable (273) 182 (238)
(Increase) decrease in inventories (551) 285 32
(Increase) decrease in prepaid expenses and other current assets (35) (70) 14
Increase (decrease) in accounts payable, accrued liabilities and income taxes payable 151 297 (220)
Cash provided by operations 1,812 3,164 1,736
Cash used by investing activities:      
Purchases of short-term investments (7,616) (3,724) (2,909)
Maturities of short-term investments 4,313 2,334 1,280
Sales of short-term investments 2,766 453 1,110
Additions to property, plant and equipment (432) (335) (456)
Disposals of property, plant and equipment 1 10 33
Increase in other assets, net of other liabilities (30) (11) (47)
Settlement of net investment hedges (23) 5 191
Cash used by investing activities (1,021) (1,268) (798)
Cash used by financing activities:      
Reductions in long-term debt, including current portion (8) (32) (7)
Increase (decrease) in notes payable 41 (205) 177
Proceeds from exercise of stock options and other stock issuances 345 364 187
Excess tax benefits from share-based payment arrangements 64 58 25
Repurchase of common stock (1,859) (741) (649)
Dividends - common and preferred (555) (505) (467)
Cash used by financing activities (1,972) (1,061) (734)
Effect of exchange rate changes 57 (47) (47)
Net (decrease) increase in cash and equivalents (1,124) 788 157
Cash and equivalents, beginning of year 3,079 2,291 2,134
Cash and equivalents, end of year 1,955 3,079 2,291
Cash paid during the year for:      
Interest, net of capitalized interest 32 48 47
Income taxes 736 537 765
Dividends declared and not paid $ 145 $ 131 $ 121