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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 560 $ 589
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 242 229
Deferred taxes 31 23
Charges associated with last-in-first-out inventory method 47 91
Loss (gain) from sales of businesses 113 (51)
Other non-cash items 29 20
Changes in operating assets and liabilities, net of acquisitions:    
Receivables (300) (749)
Inventories (121) (635)
Drafts and accounts payable 1,549 1,003
Deferred revenue (113) (126)
Taxes 95 205
Other (273) (145)
Net cash provided by operating activities 1,859 454
Investing Activities    
Payments for property, plant and equipment (76) (77)
Capitalized software expenditures (38) (43)
Acquisitions, net of cash and cash equivalents acquired (1,819) (6)
Proceeds from/(payment for) sale of businesses, net (101) 84
Restricted cash for acquisitions 935 18
Other (55) 7
Net cash used in investing activities (1,154) (17)
Financing Activities    
Proceeds from short-term borrowings 7 531
Repayments of short-term borrowings (14) (534)
Repayments of long-term debt (1) (96)
Common stock transactions:    
Issuances 36 38
Share repurchases, including shares surrendered for tax withholding (58) (105)
Dividends paid (66) (59)
Other 14 22
Net cash used in financing activities (82) (203)
Effect of exchange rate changes on cash and cash equivalents (12) 60
Net increase in cash and cash equivalents 611 294
Cash and cash equivalents at beginning of period 4,048 5,341
Cash and cash equivalents at end of period $ 4,659 $ 5,635