XML 54 R39.htm IDEA: XBRL DOCUMENT v3.22.1
Stock-Based Compensation And Employee Benefit Plans (Tables)
 12 Months Ended
Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule Of Assumptions Used In The Black-Scholes Valuation Model
The estimated assumptions used in the Black-Scholes valuation model to value our ESPP purchase rights were as follows:
 ESPP Purchase Rights
 Year Ended March 31,
 202220212020
Risk-free interest rate
0.1 - 1.1%
0.1 %
1.5 - 1.9%
Expected volatility
25 - 30%
32 - 39%
23 - 37%
Weighted-average volatility
27%
36%
26%
Expected term
6 - 12 months
6 - 12 months
6 - 12 months
Expected dividends
0.6%
0.3 %None
Schedule Of Assumptions Used In Monte-Carlo Simulation Model
The assumptions used in the Monte-Carlo simulation model to value our market-based restricted stock units were as follows:
 Year Ended March 31,
202220212020
Risk-free interest rate
0.4%
0.2 %
1.6 - 1.8%
Expected volatility
24 - 76%
23 - 63%
14 - 65%
Weighted-average volatility
40%
37%
29%
Expected dividendsNoneNoneNone
Schedule Of Stock-Based Compensation Expense By Statement Of Operations The following table summarizes stock-based compensation expense resulting from stock options, restricted stock units, market-based restricted stock units, performance-based restricted stock units, and the ESPP purchase rights included in our Consolidated Statements of Operations (in millions):
 Year Ended March 31,
 202220212020
Cost of revenue$6 $5 $4 
Research and development356 285 229 
Marketing and sales54 46 37 
General and administrative112 99 77 
Stock-based compensation expense$528 $435 $347 
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity
The following table summarizes our ESPP activity for fiscal years ended March 31, 2022, 2021 and 2020:
Shares Issued
(in millions)		Exercise Prices for Purchase RightsWeighted-Average Fair Values of Purchase Rights
Fiscal Year 2020
0.7 
$74.70 - $74.89
$29.05 
Fiscal Year 2021
0.7 
$74.70 - $119.37
$29.80 
Fiscal Year 2022
0.6 
$113.39 - $118.14
$35.94 
Shares Repurchased and Retired
The following table summarizes total shares repurchased during fiscal years 2022, 2021, and 2020:
May 2018 ProgramNovember 2020 ProgramTotal
(In millions)SharesAmountSharesAmountSharesAmount
Fiscal Year 2020
12.3 $1,207 — $— 12.3 $1,207 
Fiscal Year 2021
0.7 $78 4.9 $651 5.6 $729 
Fiscal Year 2022
— $— 9.5 $1,300 9.5 $1,300 
Employee Stock Option [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award
The following table summarizes our stock option activity for the fiscal year ended March 31, 2022:
Options
(in thousands)		Weighted-
Average
Exercise Prices		Weighted-
Average
Remaining
Contractual
Term  (in years)		Aggregate
Intrinsic Value
(in millions)
Outstanding as of March 31, 2021
267 $35.71 
Assumed via acquisition150 60.87 
Granted3 138.32 
Exercised(92)54.43 
Forfeited, cancelled or expired(42)67.04 
Outstanding as of March 31, 2022
286 $39.28 2.75$25 
Vested and expected to vest286 $39.28 2.75$25 
Exercisable as of March 31, 2022
279 $38.06 2.65$24 
Restricted Stock Rights [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award
Each restricted stock unit granted reduces the number of shares available for grant by 1.43 shares under our 2019 Equity Plan. The following table summarizes our restricted stock units activity, excluding performance-based and market-based restricted stock unit activity which is discussed below, for the fiscal year ended March 31, 2022:
Restricted
Stock Units
(in thousands)		Weighted-
Average Grant
Date Fair Values
Outstanding as of March 31, 2021
5,764 $113.25 
Assumed via acquisition816 120.54 
Granted4,598 139.66 
Vested(3,345)114.55 
Forfeited or cancelled(1,151)125.41 
Outstanding as of March 31, 2022
6,682 $129.57 
Performance Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award
The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the fiscal year ended March 31, 2022:
Performance-
Based Restricted
Stock Units
(in thousands)		Weighted-
Average Grant
Date Fair Value
Outstanding as of March 31, 2021
579 $110.51 
Granted300 140.48 
Vested(266)110.51 
Forfeited or cancelled(423)117.33 
Outstanding as of March 31, 2022
190 $142.60 
Market Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award The following table summarizes our market-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the year ended March 31, 2022:
Market-Based
Restricted  Stock
Units
(in thousands)		Weighted-
Average  Grant
Date Fair Value
Outstanding as of March 31, 2021
2,195 $134.60 
Granted175 170.44 
Vested(271)123.82 
Forfeited or cancelled(778)146.26 
Outstanding as of March 31, 2022
1,321 $134.69