In millions, except per share items | Jun-30-23 | Mar-31-23 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| 10-Q | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
Operating Activities | | | | | | | | |
Net income | | | 421.0 | 422.0 | 427.0 | 462.0 | 385.0 | 303.0 |
|
Adjustments to reconcile net income to net cash from operating activities: | | | | | | | | |
Depreciation | | | 115.0 | 116.0 | 118.0 | 119.0 | 118.0 | 118.0 |
Amortization | | | 124.0 | 125.0 | 127.0 | 129.0 | 131.0 | 131.0 |
Share-based compensation | | | 34.0 | 33.0 | 33.0 | 32.0 | 27.0 | 27.0 |
Restructuring and asset impairment charges | | | | -28.0 | -43.0 | -15.0 | -14.0 | 35.0 |
Gain from sale of business | | | | -1.0 | -2.0 | | 2.0 | |
Other, net | | | 8.0 | 9.0 | 8.0 | 16.0 | 34.0 | 44.0 |
Payments for restructuring | | | | -28.0 | -43.0 | -15.0 | -14.0 | 35.0 |
Changes in assets and liabilities (net of acquisitions): | | | | | | | | |
Changes in receivables | | | -123.0 | -92.0 | -70.0 | -12.0 | -5.0 | 44.0 |
Changes in inventories | | | -267.0 | -227.0 | -167.0 | -92.0 | -31.0 | 3.0 |
Changes in accounts payable | | | 85.0 | 130.0 | 81.0 | 71.0 | 83.0 | 0.0 |
Changes in accrued and deferred taxes | | | -11.0 | | -9.0 | | | |
Other, net | | | -24.0 | -16.0 | | 0.0 | 82.0 | 54.0 |
Net Cash – Operating activities | | | 364.0 | 483.0 | 538.0 | 688.0 | 851.0 | 800.0 |
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Investing Activities | | | | | | | | |
Capital expenditures | | | -223.0 | -218.0 | -208.0 | -174.0 | -168.0 | -171.0 |
Proceeds from sale of business | | | | 3.0 | | | 2.0 | |
Proceeds from the sale of property, plant and equipment | | | 4.0 | 1.0 | | 1.0 | 1.0 | 2.0 |
Cash received from investments | | | | 4.0 | | | | |
Cash paid for investments | | | -7.0 | -6.0 | | | | |
Cash paid for equity investments | | | -1.0 | | | | | |
Cash received from cross-currency swaps | | | 11.0 | 7.0 | | | | |
Other, net | | | -11.0 | -10.0 | -2.0 | 4.0 | 4.0 | 6.0 |
Net Cash – Investing activities | | | -198.0 | -195.0 | -183.0 | 44.0 | -150.0 | -152.0 |
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Financing Activities | | | | | | | | |
Long-term debt repaid | | | | | | -600.0 | | |
Repurchase of common stock | | | -52.0 | -52.0 | | | -69.0 | -68.0 |
Proceeds from exercise of employee stock options | | | 13.0 | 17.0 | 19.0 | 25.0 | 24.0 | 18.0 |
Dividends paid | | | -211.0 | -207.0 | -203.0 | -198.0 | -195.0 | -191.0 |
Other, net | | | -1.0 | -4.0 | -3.0 | | -3.0 | |
Net Cash – Financing activities | | | -851.0 | -846.0 | -855.0 | -883.0 | -463.0 | 271.0 |
Net change in cash and cash equivalents | | | -727.0 | -571.0 | -526.0 | -147.0 | 263.0 | 949.0 |
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Supplemental disclosure of cash flow information: | | | | | | | | |
Cash paid during the period for: | | | | | | | | |
Interest | | | 81.0 | 81.0 | 99.0 | 114.0 | 90.0 | 106.0 |
Income taxes (net of refunds received) | | | 65.0 | 70.0 | 83.0 | 85.0 | 90.0 | 61.0 |