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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 882 $ (5,053)
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation 215 237
Amortization 383 429
Goodwill and long-lived asset impairment charges 128 236
Deferred taxes 12 (1,520)
Credits associated with last-in, first-out inventory method (79) (115)
Non-cash operating lease expense 198 264
Loss (gain) from sales of businesses and investments (117) 50
European businesses held for sale 1,271 0
Other non-cash items 452 67
Changes in assets and liabilities, net of acquisitions:    
Receivables (1,925) 1,500
Inventories (1,659) (2,046)
Drafts and accounts payable 1,612 (1,240)
Operating lease liabilities (276) (291)
Taxes 176 184
Litigation liabilities 146 8,067
Other 128 403
Net cash provided by operating activities 1,547 1,172
INVESTING ACTIVITIES    
Payments for property, plant, and equipment (253) (293)
Capitalized software expenditures (127) (134)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (6) (33)
Proceeds from sales of businesses and investments, net 197 325
Other (83) (75)
Net cash used in investing activities (272) (210)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings 3,642 5,455
Repayments of short-term borrowings (3,270) (5,303)
Proceeds from issuances of long-term debt 498 500
Repayments of long-term debt (1,646) (1,030)
Payments for debt extinguishments (184) 0
Common stock transactions:    
Issuances 174 55
Share repurchases (1,986) (500)
Dividends paid (206) (209)
Exercise of put right by noncontrolling shareholders of McKesson Europe AG (1,031) (49)
Other (323) (95)
Net cash used in financing activities (4,332) (1,176)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 35 (77)
Cash, cash equivalents, and restricted cash classified within Assets held for sale (215) 0
Net decrease in cash, cash equivalents, and restricted cash (3,237) (291)
Cash, cash equivalents, and restricted cash at beginning of period 6,396 4,023
Cash, cash equivalents, and restricted cash at end of period 3,159 3,732
Less: Restricted cash at end of period included in Prepaid expenses and other (405) (155)
Cash and cash equivalents at end of period $ 2,754 $ 3,577