Share-Based Compensation

9 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

The following table presents the details of the Company's share-based compensation expense (in millions):


	Three Months Ended December 31,	Nine Months Ended December 31,
		2020		2019		2020		2019
Cost of sales (1)		$	6.4	$	5.7	$	18.8	$	15.8
Research and development		25.0		21.2		70.0		63.0
Selling, general and administrative		19.8		16.6		54.5		50.7

Pre-tax effect of share-based compensation		51.2		43.5		143.3		129.5
Income tax benefit		10.7		9.2		30.5		28.2
Net income effect of share-based compensation		$	40.5	$	34.3	$	112.8	$	101.3

(1) During the three and nine months ended December 31, 2020, $4.5 million and $11.9 million, respectively, of share-based compensation expense was capitalized to inventory, and $6.4 million and $18.8 million, respectively, of previously capitalized share-based compensation expense in inventory was sold. During the three and nine months ended December 31, 2019, $5.1 million and $15.4 million, respectively, of share-based compensation expense was capitalized to inventory, and $5.7 million and $15.8 million, respectively, of previously capitalized share-based compensation expense in inventory was sold.