McKesson 2013 Annual Report Download - page 16

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McKESSON CORPORATION
Environmental Regulation: Our operations are subject to regulations under various federal, state, local and foreign laws
concerning the environment, including laws addressing the discharge of pollutants into the air and water, the management and
disposal of hazardous substances and wastes and the cleanup of contaminated sites. We could incur substantial costs,
including cleanup costs, fines and civil or criminal sanctions and third-party damage or personal injury claims, if in the future
we were to violate or become liable under environmental laws.
We are committed to maintaining compliance with all environmental laws applicable to our operations, products and
services and to reducing our environmental impact across all aspects of our business. We meet this commitment through an
environmental strategy and sustainability program.
We sold our chemical distribution operations in 1987 and retained responsibility for certain environmental obligations.
Agreements with the Environmental Protection Agency and certain states may require environmental assessments and
cleanups at several closed sites. These matters are described further in Financial Note 22, “Other Commitments and
Contingent Liabilities,” to the consolidated financial statements appearing in this Annual Report on Form 10-K.
The liability for environmental remediation and other environmental costs is accrued when the Company considers it
probable and can reasonably estimate the costs. Environmental costs and accruals, including that related to our legacy
chemical distribution operations, are presently not material to our operations or financial position. Although there is no
assurance that existing or future environmental laws applicable to our operations or products will not have a material adverse
impact on our operations or financial condition, we do not currently anticipate material capital expenditures for environmental
matters. Other than the expected expenditures that may be required in connection with our legacy chemical distribution
operations, we do not anticipate making substantial capital expenditures either for environmental issues, or to comply with
environmental laws and regulations in the future. The amount of our capital expenditures for environmental compliance was
not material in 2013 and is not expected to be material in the next year.
Employees: On March 31, 2013, we employed approximately 43,500 persons compared to 37,700 and 36,400 on
March 31, 2012 and 2011.
Financial Information About Foreign and Domestic Operations: Information as to foreign and domestic operations is
included in Financial Notes 1 and 25, “Significant Accounting Policies” and “Segments of Business,” to the consolidated
financial statements appearing in this Annual Report on Form 10-K.
Forward-Looking Statements
This Annual Report on Form 10-K, including “Management's Discussion and Analysis of Financial Condition and
Results of Operations” in Item 7 of Part II of this report and the “Risk Factors” in Item 1A of Part I of this report, contains
forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended and section 21E of
the Securities Exchange Act of 1934, as amended. Some of these statements can be identified by use of forward-looking
words such as “believes,” “expects,” “anticipates,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans” or
“estimates,” or the negative of these words, or other comparable terminology. The discussion of financial trends, strategy,
plans or intentions may also include forward-looking statements. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those projected, anticipated, or implied. Although it is not possible to
predict or identify all such risks and uncertainties, they may include, but are not limited to, the factors discussed in Item 1A of
Part I of this report under “Risk Factors.” The reader should not consider the list to be a complete statement of all potential
risks and uncertainties.
These and other risks and uncertainties are described herein and in other information contained in our publicly available
SEC filings and press releases. Readers are cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date such statements were first made. Except to the extent required by federal securities laws, we
undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof, or to reflect the occurrence of unanticipated events.
Item 1A. Risk Factors.
The risks described below could have a material adverse impact on our financial position, results of operations, liquidity
and cash flows. Although it is not possible to predict or identify all such risks and uncertainties, they may include, but are not
limited to, the factors discussed below. Our business operations could also be affected by additional factors that are not
presently known to us or that we currently consider not to be material to our operations. The reader should not consider this
list to be a complete statement of all risks and uncertainties.