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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 494 $ 477
Adjustments to reconcile to net cash used in operating activities:    
Depreciation 75 82
Amortization 142 147
Goodwill and other asset impairment charges 5 5
Equity earnings and charges from investment in Change Healthcare Joint Venture 0 (4)
Deferred taxes 28 16
Credits associated with last-in, first-out inventory method (52) (15)
Non-cash operating lease expense 83 98
Loss from sales of businesses and investments 2 0
Other non-cash items 9 23
Changes in assets and liabilities, net of acquisitions:    
Receivables 2,291 (1,061)
Inventories 238 145
Drafts and accounts payable (4,214) 127
Operating lease liabilities (89) (99)
Taxes 76 82
Other (150) (74)
Net cash used in operating activities (1,062) (51)
INVESTING ACTIVITIES    
Payments for property, plant and equipment (72) (87)
Capitalized software expenditures (45) (24)
Acquisitions, net of cash, cash equivalents and restricted cash acquired (4) (46)
Proceeds from sales of businesses and investments, net 7 1
Other (16) 27
Net cash used in investing activities (130) (129)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 5,303 2,610
Repayments of short-term borrowings (5,303) (2,610)
Repayments of long-term debt (2) (2)
Common stock transactions:    
Issuances 21 22
Share repurchases, including shares surrendered for tax withholding (24) (701)
Dividends paid (74) (75)
Other 140 (116)
Net cash provided by (used in) financing activities 61 (872)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (28) 18
Net decrease in cash, cash equivalents and restricted cash (1,159) (1,034)
Cash, cash equivalents and restricted cash at beginning of period 4,023 2,981
Cash, cash equivalents and restricted cash at end of period 2,864 1,947
Less: Restricted cash at end of period included in Prepaid expenses and other (251) 0
Cash and cash equivalents at end of period $ 2,613 $ 1,947