|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
|
9 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Operating activities from continuing operations: |
|
|
| Net income |
$ 695 |
$ 807 |
| Income from discontinued operations |
(30) |
(21) |
| Income from continuing operations |
665 |
786 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
303 |
317 |
| Deferred income taxes |
(62) |
(75) |
| Provision for bad debts |
1 |
5 |
| Share-based compensation expense |
65 |
63 |
| Asset impairments and other non-cash items |
1 |
9 |
| Foreign currency transaction losses |
1 |
3 |
| Changes in other operating assets and liabilities, net of effect of acquisitions: |
|
|
| Decrease in trade accounts receivable |
91 |
133 |
| Decrease in deferred revenue |
(445) |
(429) |
| Increase (decrease) in taxes payable, net |
34 |
(247) |
| (Decrease) increase in accounts payable, accrued expenses and other |
(38) |
20 |
| Decrease in accrued salaries, wages and commissions |
(62) |
(57) |
| Changes in other operating assets and liabilities |
(9) |
(33) |
| Net cash provided by operating activities - continuing operations |
545 |
495 |
| Investing activities from continuing operations: |
|
|
| Acquisitions of businesses, net of cash acquired, and purchased software |
(32) |
(127) |
| Purchases of property and equipment |
(46) |
(52) |
| Proceeds from sale of assets |
0 |
12 |
| Capitalized software development costs |
0 |
(39) |
| Purchases of short-term investments |
0 |
(9) |
| Maturities of short-term investments |
0 |
184 |
| Other investing activities |
0 |
(1) |
| Net cash used in investing activities - continuing operations |
(78) |
(32) |
| Financing activities from continuing operations: |
|
|
| Dividends paid |
(333) |
(341) |
| Purchases of common stock |
(125) |
(340) |
| Notional pooling borrowings |
4,226 |
2,577 |
| Notional pooling repayments |
(4,145) |
(2,603) |
| Debt borrowings |
0 |
498 |
| Debt repayments |
(507) |
(12) |
| Debt issuance costs |
0 |
(5) |
| Exercise of common stock options and other |
25 |
74 |
| Net cash used in financing activities - continuing operations |
(859) |
(152) |
| Effect of exchange rate changes on cash |
(310) |
38 |
| Net change in cash and cash equivalents - continuing operations |
(702) |
349 |
| Cash (used in) provided by operating activities - discontinued operations |
(37) |
32 |
| Cash provided by investing activities - discontinued operations |
170 |
0 |
| Net effect of discontinued operations on cash and cash equivalents |
133 |
32 |
| (Decrease) increase in cash and cash equivalents |
(569) |
381 |
| Cash and cash equivalents at beginning of period |
3,252 |
2,593 |
| Cash and cash equivalents at end of period |
$ 2,683 |
$ 2,974 |