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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]      
Net sales $ 7,634.4 $ 8,438.7 $ 6,820.9
Cost of sales 2,638.7 2,740.8 2,371.3
Gross profit 4,995.7 5,697.9 4,449.6
Research and development 1,097.4 1,118.3 989.1
Selling, general and administrative 734.2 797.7 718.9
Amortization of acquired intangible assets 605.4 669.9 862.5
Special (income) charges and other, net (12.3) (4.0) 29.5
Operating expenses 2,424.7 2,581.9 2,600.0
Operating income 2,571.0 3,116.0 1,849.6
Interest income 7.6 2.1 0.5
Interest expense (198.3) (203.9) (257.0)
Loss on settlement of debt (12.2) (8.3) (113.4)
Other (loss) income, net (2.2) 3.8 2.8
Income before income taxes 2,365.9 2,909.7 1,482.5
Income tax provision 459.0 672.0 197.0
Net income $ 1,906.9 $ 2,237.7 $ 1,285.5
Basic net income per common share (in dollars per share) $ 3.52 $ 4.07 $ 2.33
Diluted net income per common share (in dollars per share) 3.48 4.02 2.27
Dividends declared per common share (in dollars per share) $ 1.682 $ 1.263 $ 0.910
Basic common shares outstanding (in shares) 542.0 550.4 552.3
Diluted common shares outstanding (in shares) 548.0 557.3 565.9