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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]      
Net sales $ 5,438.4 $ 5,274.2 $ 5,349.5
Cost of sales 2,059.6 2,032.1 2,418.2
Gross profit 3,378.8 3,242.1 2,931.3
Research and development 836.4 877.8 826.3
Selling, general and administrative 610.3 676.6 682.9
Amortization of acquired intangible assets 932.3 993.9 674.1
Special charges and other, net 1.7 46.7 33.7
Operating expenses 2,380.7 2,595.0 2,217.0
Operating income 998.1 647.1 714.3
Losses on equity method investments 0.0 0.0 (0.2)
Other income (expense):      
Interest income 1.7 2.8 8.1
Interest expense (356.9) (497.3) (502.9)
Loss on settlement of debt (299.6) (5.4) (12.6)
Other (loss) income, net (3.8) 3.2 (2.2)
Income before income taxes 339.5 150.4 204.5
Income tax benefit (9.9) (420.2) (151.4)
Net income $ 349.4 $ 570.6 $ 355.9
Basic net income per common share (in dollars per share) $ 1.35 $ 2.39 $ 1.51
Diluted net income per common share (in dollars per share) 1.29 2.23 1.42
Dividends declared per common share (in dollars per share) $ 1.494 $ 1.465 $ 1.457
Basic common shares outstanding (in shares) 259.6 238.9 236.2
Diluted common shares outstanding (in shares) 270.6 256.2 249.9