filings.toolsItem 15. Exhibits and Financial Statement Schedule.
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Item 15. Exhibits and Financial Statement Schedule.
McKESSON CORPORATION
SCHEDULE II
SUPPLEMENTARY CONSOLIDATED FINANCIAL STATEMENT SCHEDULE
VALUATION AND QUALIFYING ACCOUNTS
(In millions)
| Additions | |||||||||||||||||||||||||||||
| Description | Balance at Beginning of Year | Charges (Credits) to Costs and Expenses | Charges to Other Accounts (3) | Deductions From Allowance Accounts (1) | Balance at End of Year (2) | ||||||||||||||||||||||||
| Year Ended March 31, 2026 | |||||||||||||||||||||||||||||
| Allowances for credit losses | $ | 472 | $ | 100 | $ | (38) | $ | (330) | (5) | $ | 204 | ||||||||||||||||||
| Other allowances | 48 | — | 16 | 1 | 65 | ||||||||||||||||||||||||
| $ | 520 | $ | 100 | $ | (22) | $ | (329) | $ | 269 | ||||||||||||||||||||
| Year Ended March 31, 2025 | |||||||||||||||||||||||||||||
| Allowances for credit losses | $ | 877 | $ | (130) | $ | (2) | $ | (273) | (5) | $ | 472 | ||||||||||||||||||
| Other allowances | 54 | — | (4) | (2) | 48 | ||||||||||||||||||||||||
| $ | 931 | $ | (130) | $ | (6) | $ | (275) | $ | 520 | ||||||||||||||||||||
| Year Ended March 31, 2024 | |||||||||||||||||||||||||||||
| Allowances for credit losses | $ | 114 | $ | 819 | (4) | $ | 5 | $ | (61) | $ | 877 | ||||||||||||||||||
| Other allowances | 46 | — | 9 | (1) | 54 | ||||||||||||||||||||||||
| $ | 160 | $ | 819 | $ | 14 | $ | (62) | $ | 931 | ||||||||||||||||||||
| Years Ended March 31, | |||||||||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||||||||
| (1) | Deductions: | ||||||||||||||||||||||
| Written-off | $ | (329) | $ | (275) | $ | (62) | |||||||||||||||||
| Credited to other accounts and other | — | — | — | ||||||||||||||||||||
| Total | $ | (329) | $ | (275) | $ | (62) | |||||||||||||||||
| (2) | Amounts shown as deductions from current and non-current receivables (current allowances were $259 million, $500 million, and $921 million at March 31, 2026, 2025, and 2024, respectively) | $ | 269 | $ | 520 | $ | 931 | ||||||||||||||||
| (3) | Primarily represents reclassifications to other balance sheet accounts. | ||||||||||||||||||||||
| (4) | Includes a provision for bad debts recognized of $725 million related to the bankruptcy of the Company’s customer Rite Aid Corporation (including certain of its subsidiaries, “Rite Aid”). In October 2023, Rite Aid filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code and this amount represents the uncollected trade accounts receivable balance due from Rite Aid prior to its bankruptcy petition filing. | ||||||||||||||||||||||
| (5) | Includes the release of $483 million and $237 million of uncollectible receivables related to the Rite Aid provision for the years ended March 31, 2026 and 2025, respectively. |
McKESSON CORPORATION
EXHIBIT INDEX
The agreements included as exhibits to this report are included to provide information regarding their terms and not intended to provide any other factual or disclosure information about the Company or the other parties to the agreements. The agreements may contain representations and warranties by each of the parties to the applicable agreement that were made solely for the benefit of the other parties to the applicable agreement. Those representations and warranties:
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should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;
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may apply standards of materiality in a way that is different from what may be viewed as material to you or other investors; and
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were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.
Accordingly, these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time.
Exhibits identified under “Incorporated by Reference” in the table below are on file with the SEC and are incorporated by reference as exhibits hereto.
McKESSON CORPORATION
McKESSON CORPORATION
McKESSON CORPORATION
| Incorporated by Reference | |||||||||||||||||
| Exhibit Number | Description | Form | File Number | Exhibit | Filing Date | ||||||||||||
| 101† | The following materials from the McKesson Corporation Annual Report on Form 10-K for the fiscal year ended March 31, 2026, formatted in Inline Extensible Business Reporting Language (iXBRL): (i) the Consolidated Statements of Operations, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Stockholders' Deficit, (v) Consolidated Statements of Cash Flows, and (vi) related Financial Notes. | — | — | — | — | ||||||||||||
| 104† | Cover Page Interactive Data File (formatted as iXBRL and contained in Exhibit 101). | — | — | — | — |
- Management contract or compensation plan or arrangement in which directors and/or executive officers are eligible to participate.
† Filed herewith.
†† Furnished herewith.
Registrant agrees to furnish to the SEC upon request a copy of each instrument defining the rights of security holders with respect to issues of long-term debt of the registrant, the authorized principal amount of which does not exceed 10% of the total assets of the registrant.
McKESSON CORPORATION
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