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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Net sales $ 1,765.7 $ 2,169.2 $ 6,308.6 $ 6,206.0
Cost of sales 645.7 698.4 2,102.8 2,027.4
Gross profit 1,120.0 1,470.8 4,205.8 4,178.6
Research and development 266.0 282.4 857.1 820.0
Selling, general and administrative 172.2 202.9 572.4 594.2
Amortization of acquired intangible assets 151.3 167.4 454.2 502.5
Special charges (income) and other, net 1.1 6.5 4.6 (6.1)
Operating expenses 590.6 659.2 1,888.3 1,910.6
Operating income 529.4 811.6 2,317.5 2,268.0
Interest income 2.0 0.8 5.1 1.1
Interest expense (49.2) (52.8) (143.2) (156.4)
Loss on settlement of debt 0.0 0.0 (12.2) (8.3)
Other income (loss), net 2.1 2.6 (1.0) 3.5
Income before income taxes 484.3 762.2 2,166.2 2,107.9
Income tax provision 65.1 181.9 414.0 474.2
Net income $ 419.2 $ 580.3 $ 1,752.2 $ 1,633.7
Basic net income per common share (in dollars per share) $ 0.78 $ 1.06 $ 3.23 $ 2.96
Diluted net income per common share (in dollars per share) 0.77 1.04 3.19 2.93
Dividends declared per common share (in dollars per share) $ 0.439 $ 0.328 $ 1.232 $ 0.905
Basic common shares outstanding (in shares) 540.8 549.2 543.0 551.5
Diluted common shares outstanding (in shares) 546.5 555.4 549.0 558.4