Share-Based Compensation

9 Months Ended

Dec. 31, 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 December 31,	Nine Months Ended December 31,
		2023		2022		2023		2022
Cost of sales(1)		$	6.0	$	6.9	$	20.2	$	21.1
Research and development		24.4		21.2		71.0		61.1
Selling, general and administrative		14.4		15.9		43.5		44.3

Pre-tax effect of share-based compensation		44.8		44.0		134.7		126.5
Income tax benefit		9.4		9.4		28.4		27.0
Net income effect of share-based compensation		$	35.4	$	34.6	$	106.3	$	99.5

(1) During the three and nine months ended December 31, 2023, $4.7 million and $14.6 million, respectively, of share-based compensation expense was capitalized to inventory and $6.0 million and $20.2 million, respectively, of previously capitalized share-based compensation expense in inventory was sold. During the three and nine months ended December 31, 2022, $5.0 million and $14.5 million, respectively, of share-based compensation expense was capitalized to inventory and $6.9 million and $21.1 million, respectively, of previously capitalized share-based compensation expense in inventory was sold.