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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]    
Net sales $ 1,241.3 $ 2,288.6
Cost of sales 504.4 730.2
Gross profit 736.9 1,558.4
Research and development 241.7 298.5
Selling, general and administrative 150.5 203.6
Amortization of acquired intangible assets 123.0 151.5
Special charges and other, net 2.6 1.7
Operating expenses 517.8 655.3
Operating income 219.1 903.1
Interest income 2.8 1.5
Interest expense (61.8) (47.2)
Loss on settlement of debt 0.0 (9.1)
Other income (loss), net 1.7 0.0
Income before income taxes 161.8 848.3
Income tax provision 32.5 181.9
Net income $ 129.3 $ 666.4
Basic net income per common share (in dollars per share) $ 0.24 $ 1.22
Diluted net income per common share (in dollars per share) 0.24 1.21
Dividends declared per common share (in dollars per share) $ 0.452 $ 0.383
Basic common shares outstanding (in shares) 536.7 545.1
Diluted common shares outstanding (in shares) 542.8 551.4