OPERATING ACTIVITIES Net income (loss) Adjustments to reconcile to net cash provided by operating activities: Depreciation Amortization Goodwill and long-lived asset impairment charges Equity earnings and charges from investment in Change Healthcare Joint Venture Deferred taxes Credits associated with last-in, first-out inventory method Non-cash operating lease expense Loss (gain) from sales of businesses and investments European businesses held for sale Other non-cash items Changes in assets and liabilities, net of acquisitions: Receivables Inventories Drafts and accounts payable Operating lease liabilities Taxes Litigation liabilities Other Net cash provided by operating activities INVESTING ACTIVITIES Payments for property, plant, and equipment Capitalized software expenditures Acquisitions, net of cash, cash equivalents, and restricted cash acquired Proceeds from sales of businesses and investments, net Other Net cash used in investing activities FINANCING ACTIVITIES Proceeds from short-term borrowings Repayments of short-term borrowings Proceeds from issuances of long-term debt Repayments of long-term debt Payments for debt extinguishments Common stock transactions: Issuances Share repurchases Dividends paid Exercise of put right by noncontrolling shareholders of McKesson Europe AG Other Net cash used in financing activities Effect of exchange rate changes on cash, cash equivalents, and restricted cash Cash, cash equivalents, and restricted cash classified within Assets held for sale Net increase (decrease) in cash, cash equivalents, and restricted cash Cash, cash equivalents, and restricted cash at beginning of year Cash, cash equivalents, and restricted cash at end of year 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 Cash and cash equivalents at end of year SUPPLEMENTAL CASH FLOW INFORMATION Interest, net Income taxes, net of refunds 12 Months ended Mar. 31, 2022 Mar. 31,2021 Mar. 31, 2020 $ 1,287 279 481 175 0 34 (23) 241 (132) 1,509 501 (1,843) (1,169) 2,802 (356) 243 199 206 4,434 (388) (147) (6) 578 (126) (89) 11,192 (11,192) 498 (1,648) (184) 220 (3,516) (277) (1,031) (383) (6,321) 55 (540) (2,461) 6,396 3,935 (403) 3,532 186 $ 359 $ (4,340) 321 566 242 0 (908) (38) 334 (9) 0 188 1,145 (2,276) 1,267 (362) (166) 8,067 511 4,542 (451) (190) (35) 400 (139) (415) 6,323 (6,323) 500 (1,040) 0 92 (742) (276) (49) (178) (1,693) (61) 0 2,373 4,023 6,396 (118) 6,278 220 $ 379 $1,120 321 601 139 1,084 (342) (252) 366 33 0 615 (2,494) (376) 3,952 (377) (8) 0 (8) 4,374 (362) (144) (133) 37 23 (579) 21,437 (21,437) 0 (298) 0 113 (1,934) (294) (3) (318) (2,734) (19) 0 1,042 2,981 4,023 (8) 4,015 235 $368