Cash Flows

9 Months Ended

Dec. 31, 2022

Cash payments for interest on indebtedness and income taxes and other select non-cash activities are as follows:


	Nine Months Ended
(in millions)	December 31, 2022		December 31, 2021
Cash paid for:
Interest	$	115	$	177
Taxes on income, net of refunds (1)	$	289	$	326

Non-cash activities:


Operating:
ROU assets obtained in exchange for lease, net (2)	$	193	$	130
Assets acquired under long-term financing	$	74	$	111
Investing:
Capital expenditures in accounts payable and accrued expenses	$	2	$	60
Capital expenditures through finance lease obligations	$	73	$	180
Assets acquired under long-term financing	$	6	$	44


Financing:

Shares repurchased but not settled in cash	$	4	$	11

(1) Income tax refunds were $56 million and $46 million for the nine months ended December 31, 2022 and December 31, 2021, respectively.

(2) Net of $911 million and $792 million in lease modifications and terminations during the first nine months of fiscal 2023 and 2022, respectively