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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 1,752.2 $ 1,633.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 661.3 755.2
Deferred income taxes 44.1 185.4
Share-based compensation expense related to equity incentive plans 134.7 126.5
Loss on settlement of debt 12.2 8.3
Amortization of debt discount 18.8 5.4
Amortization of debt issuance costs 5.7 7.1
Impairment of intangible assets 1.3 1.4
Other (11.7) (1.8)
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Increase in accounts receivable (92.8) (102.4)
Decrease (increase) in inventories 16.2 (324.8)
(Decrease) increase in accounts payable and accrued liabilities (24.0) 225.5
Change in other assets and liabilities 43.4 408.0
Change in income tax payable (98.7) (16.0)
Net cash provided by operating activities 2,462.7 2,911.5
Cash flows from investing activities:    
Proceeds from sales of assets 0.4 0.4
Proceeds from capital-related government incentives 1.1 0.0
Investments in other assets (77.4) (75.6)
Capital expenditures (245.0) (373.5)
Net cash used in investing activities (320.9) (448.7)
Cash flows from financing activities:    
Proceeds from borrowings on Revolving Credit Facility 5,551.0 4,021.0
Proceeds from borrowings on Revolving Credit Facility (5,651.0) (5,167.1)
Proceeds from borrowings on 2025 Term Loan Facility 750.0 0.0
Proceeds from issuance of Commercial Paper 3,558.3 0.0
Repayments of Commercial Paper (2,914.7) 0.0
Repayment of senior notes (2,000.0) 0.0
Payments on settlement of convertible debt (132.8) (170.4)
Deferred financing costs (1.5) 0.0
Proceeds from sale of common stock 57.7 54.3
Tax payments related to shares withheld for vested RSUs (46.9) (57.2)
Repurchase of common stock (594.7) (671.9)
Payment of cash dividends (669.0) (499.4)
Capital lease payments (1.2) (0.6)
Net cash used in financing activities (2,094.8) (2,491.3)
Net increase (decrease) in cash and cash equivalents 47.0 (28.5)
Cash and cash equivalents, and restricted cash at beginning of period 234.0 317.4
Cash and cash equivalents, and restricted cash at end of period $ 281.0 $ 288.9