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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,432.5 $ 1,012.1 $ 2,644.9 $ 1,984.3
Cost of sales 743.2 398.0 [1] 1,313.6 785.8 [1]
Gross profit 689.3 614.1 1,331.3 1,198.5
Research and development [1] 221.9 133.6 393.8 264.0
Selling, general and administrative [1] 176.6 114.3 340.7 228.6
Amortization of acquired intangible assets 169.9 120.9 303.6 241.8
Special charges and other, net [1] 18.2 19.9 58.3 17.1
Operating expenses 586.6 388.7 1,096.4 751.5
Operating income 102.7 225.4 234.9 447.0
Losses on equity method investment (0.1) (0.1) (0.1) (0.1)
Other income (expense):        
Interest income 0.9 4.6 6.6 8.1
Interest expense (138.6) (49.5) (229.0) (98.9)
Loss on settlement of debt (4.1) 0.0 (4.1) (13.8)
Other (loss) income, net (0.2) 5.8 (10.0) 10.1
(Loss) income before income taxes (39.4) 186.2 (1.7) 352.4
Income tax benefit (135.7) (3.0) (133.7) (7.3)
Net income $ 96.3 $ 189.2 $ 132.0 $ 359.7
Basic net income attributable to Microchip Technology, per common share (in usd per share) $ 0.41 $ 0.81 $ 0.56 $ 1.55
Diluted net income attributable to Microchip Technology, per common share (in usd per share) 0.38 0.77 0.52 1.48
Dividends declared per common share (in usd per share) $ 0.364 $ 0.362 $ 0.7275 $ 0.7235
Basic common shares outstanding (in shares) 235.8 233.3 235.5 231.4
Diluted common shares outstanding (in shares) 251.8 244.8 252.0 243.8
[1] (1) Includes share-based compensation expense as follows: Cost of sales$3.9 $3.7 $7.5 $7.1Research and development$19.7 $10.6 $33.8 $20.9Selling, general and administrative$17.8 $9.3 $29.5 $18.0Special charges and other, net$1.2 $— $17.1 $—