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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES      
Net income $ 3,160 $ 3,722 $ 1,287
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 253 248 279
Amortization 382 360 481
Long-lived asset impairment charges 43 72 175
Deferred taxes (603) (20) 34
Charges (credits) associated with last-in, first-out inventory method (157) 1 (23)
Non-cash operating lease expense 228 249 241
Gain from sales of businesses and investments (17) (211) (132)
Provision for bad debts 819 45 29
European businesses held for sale 0 0 1,509
Other non-cash items 233 253 472
Changes in assets and liabilities, net of acquisitions:      
Receivables (2,954) (1,082) (1,843)
Inventories (1,294) (1,259) (1,169)
Drafts and accounts payable 4,587 3,788 2,802
Operating lease liabilities (339) (338) (356)
Taxes 331 363 243
Litigation liabilities (395) (1,088) 199
Other 37 56 206
Net cash provided by operating activities 4,314 5,159 4,434
INVESTING ACTIVITIES      
Payments for property, plant, and equipment (431) (390) (388)
Capitalized software expenditures (256) (168) (147)
Acquisitions, net of cash, cash equivalents, and restricted cash acquired (272) (867) (6)
Proceeds from sales of businesses and investments, net 47 1,077 578
Other (160) (194) (126)
Net cash used in investing activities (1,072) (542) (89)
FINANCING ACTIVITIES      
Proceeds from short-term borrowings 19,964 8,450 11,192
Repayments of short-term borrowings (19,964) (8,450) (11,192)
Proceeds from issuances of long-term debt 991 997 498
Repayments of long-term debt (288) (1,274) (1,648)
Purchase of U.S. government obligations for the satisfaction and discharge of long-term debt (647) 0 0
Payments for debt extinguishments 0 0 (184)
Common stock transactions:      
Issuances 116 163 220
Share repurchases (3,025) (3,638) (3,516)
Dividends paid (314) (292) (277)
Exercise of put right by noncontrolling shareholders of McKesson Europe AG 0 0 (1,031)
Other (175) (324) (383)
Net cash used in financing activities (3,342) (4,368) (6,321)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 6 25 55
Cash, cash equivalents, and restricted cash classified as Assets held for sale 0 470 (540)
Net increase (decrease) in cash, cash equivalents, and restricted cash (94) 744 (2,461)
Cash, cash equivalents, and restricted cash at beginning of year 4,679 3,935 6,396
Cash, cash equivalents, and restricted cash at end of year 4,585 4,679 3,935
Less: Restricted cash at end of period included in Other Noncurrent Assets      
Less: Restricted cash at end of year included in Prepaid expenses and other (2) (1) (403)
Cash and cash equivalents at end of year 4,583 4,678 3,532
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest, net 234 224 186
Income taxes, net of refunds $ 901 $ 562 $ 359