XML 18 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating activities from continuing operations:    
Net income $ 609 $ 695
Income from discontinued operations (11) (30)
Income from continuing operations 598 665
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 275 303
Deferred income taxes (53) (62)
Provision for bad debts 0 1
Share-based compensation expense 70 65
Asset impairments and other non-cash items 1 1
Foreign currency transaction losses 5 1
Changes in other operating assets and liabilities, net of effect of acquisitions:    
Decrease in trade accounts receivable 50 91
Decrease in deferred revenue (353) (445)
Increase in taxes payable, net 53 34
Decrease in accounts payable, accrued expenses and other (50) (38)
Decrease in accrued salaries, wages and commissions (43) (62)
Changes in other operating assets and liabilities 10 (9)
Net cash provided by operating activities - continuing operations 563 545
Investing activities from continuing operations:    
Acquisitions of businesses, net of cash acquired, and purchased software (648) (32)
Purchases of property and equipment (34) (46)
Proceeds from sale of short-term investments 48 0
Net cash used in investing activities - continuing operations (634) (78)
Financing activities from continuing operations:    
Dividends paid (325) (333)
Purchases of common stock (705) (125)
Notional pooling borrowings 3,237 4,226
Notional pooling repayments (3,230) (4,145)
Debt borrowings 1,100 0
Debt repayments (408) (507)
Debt issuance costs (4) 0
Exercise of common stock options 5 25
Other financing activities (23) 0
Net cash used in financing activities - continuing operations (353) (859)
Effect of exchange rate changes on cash (38) (310)
Net change in cash and cash equivalents - continuing operations (462) (702)
Cash provided by (used in) operating activities - discontinued operations 11 (37)
Cash provided by investing activities - discontinued operations 0 170
Net effect of discontinued operations on cash and cash equivalents 11 133
Decrease in cash and cash equivalents (451) (569)
Cash and cash equivalents at beginning of period 2,804 3,252
Cash and cash equivalents at end of period $ 2,353 $ 2,683