Earnings Per Share

12 Months Ended

Mar. 31, 2016

Earnings Per Share Reconciliation [Abstract]

(17) EARNINGS PER SHARE

The following table summarizes the computations of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units, common stock through our ESPP, warrants, and other convertible securities using the treasury stock method.



	Year Ended March 31,
(In millions, except per share amounts)	2016		2015		2014
Net income	$	1,156	$	875	$	8
Shares used to compute earnings per share:
Weighted-average common stock outstanding — basic	310		311		308
Dilutive potential common shares related to stock award plans and from assumed exercise of stock options	6		9		8
Dilutive potential common shares related to the Convertible Notes	6		4		—
Dilutive potential common shares related to the Warrants	8		1		—
Weighted-average common stock outstanding — diluted	330		325		316
Earnings per share:
Basic	$	3.73	$	2.81	$	0.03
Diluted	$	3.50	$	2.69	$	0.03

For the fiscal year ended March 31, 2016, an immaterial amount of options to purchase, restricted stock units and

restricted stock to be released were excluded from the treasury stock method computation of diluted shares as their inclusion

would have had an antidilutive effect.

For the fiscal years ended March 31, 2015 and 2014, stock options to purchase, restricted stock units and restricted stock to be released in the amount of 3 million shares and 4 million shares, respectively, were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect.

For the fiscal year ended March 31, 2014, potentially dilutive shares of common stock related to our 0.75% Convertible Senior Notes due 2016 issued during the fiscal year 2012, which have a conversion price of $31.74 per share and the associated Warrants, which have a conversion price of $41.14 per share, were excluded from the computation of Diluted EPS as their inclusion would have had an antidilutive effect resulting from the conversion price. The associated Convertible Note Hedge was excluded from the computation of diluted shares as the impact is always considered antidilutive. See Note 12 for additional information related to our 0.75% Convertible Senior Notes due 2016 and related Convertible Note Hedge and Warrants.