XML 92 R71.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Income Taxes - Income Tax (Benefit) Provision from Continuing Operations (Details) - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Income before income taxes:      
U.S. $ 555.5 $ 674.7 $ 132.2
Foreign 1,810.4 2,235.0 1,350.3
Income before income taxes 2,365.9 2,909.7 1,482.5
Current provision (benefit):      
U.S. Federal 347.5 389.5 191.6
State 20.0 5.0 3.7
Foreign 118.7 72.0 (6.2)
Total current provision 486.2 466.5 189.1
Deferred provision (benefit):      
U.S. Federal (106.4) 53.7 (78.7)
State (12.3) 4.6 (9.1)
Foreign 91.5 147.2 95.7
Total deferred provision (benefit) (27.2) 205.5 7.9
Income tax provision 459.0 672.0 197.0
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Computed expected income tax provision 496.8 611.0 311.3
State income taxes, net of federal benefit 15.7 8.6 3.5
Effects of foreign operations - rate differential (149.3) (184.0) (96.8)
Effects of foreign operations - other, net of foreign tax credits 212.2 258.9 139.9
Foreign-derived intangible income ("FDII") (3.6) 0.0 (27.3)
Change in uncertain tax positions 5.8 50.6 (47.1)
Share-based compensation (8.4) (11.4) (17.6)
R&D tax credits (69.8) (63.8) (49.5)
Income tax holidays (22.5) (26.7) (22.5)
Convertible debt settlement 0.7 0.7 (25.5)
Other 10.0 19.0 28.6
Change in valuation allowance (28.6) 9.1 0.0
Income tax provision $ 459.0 $ 672.0 $ 197.0