XML 68 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Operating Activities      
Net Income $ 1,543us-gaap_ProfitLoss $ 1,258us-gaap_ProfitLoss $ 1,338us-gaap_ProfitLoss
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation 306us-gaap_Depreciation 185us-gaap_Depreciation 143us-gaap_Depreciation
Amortization 711us-gaap_AdjustmentForAmortization 550us-gaap_AdjustmentForAmortization 438us-gaap_AdjustmentForAmortization
Other deferred taxes 171us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 17us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 615us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Share-based compensation expense 174us-gaap_ShareBasedCompensation 160us-gaap_ShareBasedCompensation 167us-gaap_ShareBasedCompensation
Gain on business combination 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain (81)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Asset fair value adjustment 241us-gaap_AssetsFairValueAdjustment 80us-gaap_AssetsFairValueAdjustment  
Impairment of an equity investment 0us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment 0us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment 191us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment
LIFO expense 337us-gaap_InventoryLIFOReservePeriodCharge 311us-gaap_InventoryLIFOReservePeriodCharge 13us-gaap_InventoryLIFOReservePeriodCharge
Other non-cash items 47us-gaap_OtherNoncashIncomeExpense 130us-gaap_OtherNoncashIncomeExpense 90us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities, net of acquisitions:      
Receivables (2,821)us-gaap_IncreaseDecreaseInReceivables (868)us-gaap_IncreaseDecreaseInReceivables 318us-gaap_IncreaseDecreaseInReceivables
Inventories (2,144)us-gaap_IncreaseDecreaseInInventories (1,182)us-gaap_IncreaseDecreaseInInventories (60)us-gaap_IncreaseDecreaseInInventories
Drafts and accounts payable 4,718us-gaap_IncreaseDecreaseInAccountsPayable 2,412us-gaap_IncreaseDecreaseInAccountsPayable (125)us-gaap_IncreaseDecreaseInAccountsPayable
Deferred revenue (141)us-gaap_IncreaseDecreaseInDeferredRevenue (81)us-gaap_IncreaseDecreaseInDeferredRevenue (44)us-gaap_IncreaseDecreaseInDeferredRevenue
Taxes (222)us-gaap_IncreaseDecreaseInAccruedTaxesPayable 218us-gaap_IncreaseDecreaseInAccruedTaxesPayable (98)us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Claims and litigation charges 150us-gaap_LossContingencyLossInPeriod 68us-gaap_LossContingencyLossInPeriod 72us-gaap_LossContingencyLossInPeriod
Litigation settlement payments 0us-gaap_PaymentsForLegalSettlements (105)us-gaap_PaymentsForLegalSettlements (483)us-gaap_PaymentsForLegalSettlements
Other 42us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (17)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (11)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operating activities 3,112us-gaap_NetCashProvidedByUsedInOperatingActivities 3,136us-gaap_NetCashProvidedByUsedInOperatingActivities 2,483us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities      
Property acquisitions (376)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment [1] (278)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment [1] (241)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment [1]
Capitalized software expenditures (169)us-gaap_PaymentsToAcquireSoftware (141)us-gaap_PaymentsToAcquireSoftware (159)us-gaap_PaymentsToAcquireSoftware
Acquisitions, net of cash and cash equivalents acquired (170)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (4,634)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (1,873)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from sale of business 15us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 97us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 0us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested
Other 23us-gaap_PaymentsForProceedsFromOtherInvestingActivities (90)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 64us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (677)us-gaap_NetCashProvidedByUsedInInvestingActivities (5,046)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,209)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities      
Proceeds from Bridge Loan 3,100us-gaap_ProceedsFromShortTermDebt 6,080us-gaap_ProceedsFromShortTermDebt 2,225us-gaap_ProceedsFromShortTermDebt
Repayments of short-term borrowings (3,152)us-gaap_RepaymentsOfShortTermDebt (6,132)us-gaap_RepaymentsOfShortTermDebt (2,625)us-gaap_RepaymentsOfShortTermDebt
Proceeds from issuances of long-term debt 3us-gaap_ProceedsFromIssuanceOfLongTermDebt 4,124us-gaap_ProceedsFromIssuanceOfLongTermDebt 1,798us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of long-term debt (353)us-gaap_RepaymentsOfLongTermDebt (348)us-gaap_RepaymentsOfLongTermDebt (1,143)us-gaap_RepaymentsOfLongTermDebt
Common stock transactions:      
Issuances 152us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 177us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 166us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Share repurchases, including shares surrendered for tax withholding (450)us-gaap_PaymentsForRepurchaseOfCommonStock (130)us-gaap_PaymentsForRepurchaseOfCommonStock (1,214)us-gaap_PaymentsForRepurchaseOfCommonStock
Dividends paid (227)us-gaap_PaymentsOfDividendsCommonStock (214)us-gaap_PaymentsOfDividendsCommonStock (194)us-gaap_PaymentsOfDividendsCommonStock
Other (41)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 62us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 31us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash used in financing activities (968)us-gaap_NetCashProvidedByUsedInFinancingActivities 3,619us-gaap_NetCashProvidedByUsedInFinancingActivities (956)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (319)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 28us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (11)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents 1,148us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,737us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (693)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 4,193us-gaap_CashAndCashEquivalentsAtCarryingValue 2,456us-gaap_CashAndCashEquivalentsAtCarryingValue 3,149us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 5,341us-gaap_CashAndCashEquivalentsAtCarryingValue 4,193us-gaap_CashAndCashEquivalentsAtCarryingValue 2,456us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid for:      
Interest 359us-gaap_InterestPaid 255us-gaap_InterestPaid 207us-gaap_InterestPaid
Income taxes, net of refunds 866us-gaap_IncomeTaxesPaidNet 508us-gaap_IncomeTaxesPaidNet 55us-gaap_IncomeTaxesPaidNet
Non-cash item:      
Fair value of debt assumed on acquisition 0us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1 (2,312)us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1 (635)us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1
Conversion of Celesio convertible bonds $ 0us-gaap_DebtConversionConvertedInstrumentAmount1 $ 313us-gaap_DebtConversionConvertedInstrumentAmount1 $ 0us-gaap_DebtConversionConvertedInstrumentAmount1
[1] Long-lived assets consist of property, plant and equipment.