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Share-Based Compensation (Tables)
 12 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Expense
The following table presents the details of the Company's share-based compensation expense (in millions):
 
Year Ended March 31,
 
2020
 
2019
 
2018
Cost of sales (1)
$
20.9

 
$
14.9

 
$
13.8

Research and development
82.9

 
72.0

 
42.5

Selling, general and administrative
66.4

 
62.3

 
36.9

Special charges and other, net
—

 
17.2

 
—

Pre-tax effect of share-based compensation
170.2

 
166.4

 
93.2

Income tax benefit
36.9

 
35.5

 
28.3

Net income effect of share-based compensation
$
133.3

 
$
130.9

 
$
64.9

 
(1) During the fiscal year ended March 31, 2020, $19.8 million of share-based compensation expense was capitalized to inventory, and $20.9 million of previously capitalized share-based compensation expense in inventory was sold. During the fiscal year ended March 31, 2019, $17.2 million of share-based compensation expense was capitalized to inventory and $14.9 million of previously capitalized share-based compensation expense in inventory was sold. During the fiscal year ended March 31, 2018, $11.9 million of share-based compensation expense was capitalized to inventory and $13.8 million of previously capitalized share-based compensation expense in inventory was sold.
Share-based Payment Arrangement, Restricted Stock Unit, Activity
RSU share activity under the 2004 Plan is set forth below:
 
Number of
Shares
 
Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2017
6,419,456

 
$
42.06

Granted
1,267,536

 
$
77.26

Forfeited
(279,051
)
 
$
49.65

Vested
(1,735,501
)
 
$
38.00

Nonvested shares at March 31, 2018
5,672,440

 
$
50.79

Granted
1,951,408

 
$
77.83

Assumed upon acquisition
1,805,680

 
$
91.70

Forfeited
(408,242
)
 
$
73.36

Vested
(2,729,324
)
 
$
61.51

Nonvested shares at March 31, 2019
6,291,962

 
$
64.81

Granted
2,182,044

 
$
88.17

Forfeited
(340,659
)
 
$
75.50

Vested
(2,391,294
)
 
$
57.47

Nonvested shares at March 31, 2020
5,742,053

 
$
76.11
Share-based Payment Arrangement, Option, Activity
Stock option and stock appreciation right (SAR) activity under the Company's stock incentive plans in the three years ended March 31, 2020 is set forth below:
 
Number of
Shares
 
Weighted Average Exercise Price per Share
Outstanding at March 31, 2017
433,117

 
$
31.51

Exercised
(131,666
)
 
$
31.75

Forfeited or expired
(17,111
)
 
$
34.73

Outstanding at March 31, 2018
284,340

 
$
31.21

Assumed upon acquisition
141,751

 
$
25.86

Exercised
(140,118
)
 
$
27.67

Forfeited or expired
(4,091
)
 
$
39.62

Outstanding at March 31, 2019
281,882

 
$
30.16

Exercised
(130,419
)
 
$
28.71

Forfeited or expired
(2,453
)
 
$
20.02

Outstanding at March 31, 2020
149,010

 
$
31.59