Share-Based Compensation

6 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

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


	Three Months Ended September 30,	Six Months Ended September 30,
		2023		2022		2023		2022
Cost of sales(1)		$	7.4	$	6.5	$	14.2	$	14.2
Research and development		23.7		19.8		46.6		39.9
Selling, general and administrative		14.3		15.0		29.1		28.4

Pre-tax effect of share-based compensation		45.4		41.3		89.9		82.5
Income tax benefit		9.6		8.8		19.0		17.6
Net income effect of share-based compensation		$	35.8	$	32.5	$	70.9	$	64.9

(1) During the three and six months ended September 30, 2023, $4.7 million and $9.9 million, respectively, of share-based compensation expense was capitalized to inventory and $7.4 million and $14.2 million, respectively, of previously capitalized share-based compensation expense in inventory was sold. During the three and six months ended September 30, 2022, $4.7 million and $9.5 million, respectively, of share-based compensation expense was capitalized to inventory and $6.5 million and $14.2 million, respectively, of previously capitalized share-based compensation expense in inventory was sold.