|
Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
|
9 Months Ended |
|
Feb. 28, 2014
|
Feb. 28, 2013
|
| Cash provided by operations: |
|
|
| Net income |
$ 2,002 |
$ 1,817 |
| Income charges (credits) not affecting cash: |
|
|
| Depreciation |
378 |
322 |
| Deferred income taxes |
(56) |
(56) |
| Stock-based compensation (Note 7) |
131 |
128 |
| Amortization and other |
102 |
37 |
| Net gain on divestitures |
0 |
(124) |
| Changes in certain working capital components and other assets and liabilities: |
|
|
| (Increase) decrease in accounts receivable |
(255) |
38 |
| (Increase) in inventories |
(343) |
(105) |
| (Increase) in prepaid expenses and other current assets |
(222) |
(79) |
| (Decrease) in accounts payable, accrued liabilities and income taxes |
(54) |
(286) |
| Cash provided by operations |
1,683 |
1,692 |
| Cash (used) provided by investing activities: |
|
|
| Purchases of short-term investments |
(4,146) |
(1,881) |
| Maturities of short-term investments |
3,030 |
885 |
| Sales of short-term investments |
555 |
938 |
| Additions to property, plant and equipment |
(670) |
(425) |
| Disposals of property, plant and equipment |
1 |
1 |
| Proceeds from divestitures |
0 |
786 |
| Increase in other assets, net of other liabilities |
(16) |
(18) |
| Cash (used) provided by investing activities |
(1,246) |
286 |
| Cash used by financing activities: |
|
|
| Long-term debt payments, including current portion |
(58) |
(47) |
| Increase (decrease) in notes payable |
37 |
(7) |
| Payments on capital lease obligations |
(9) |
0 |
| Proceeds from exercise of stock options and other stock issuances |
308 |
184 |
| Excess tax benefits from share-based payment arrangements |
108 |
34 |
| Repurchase of common stock |
(1,716) |
(1,432) |
| Dividends — common and preferred |
(587) |
(515) |
| Cash used by financing activities |
(1,917) |
(1,783) |
| Effect of exchange rate changes |
7 |
45 |
| Net (decrease) increase in cash and equivalents |
(1,473) |
240 |
| Cash and equivalents, beginning of period |
3,337 |
2,317 |
| CASH AND EQUIVALENTS, END OF PERIOD |
1,864 |
2,557 |
| Cash paid during the year for: |
|
|
| Dividends declared and not paid |
$ 211 |
$ 188 |