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Earnings Per Share | 12 Months Ended
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Mar. 31, 2020
Earnings Per Share Reconciliation [Abstract] |
Earnings Per Share | (17) EARNINGS PER SHARE The following table summarizes the computations of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units and ESPP purchase rights using the treasury stock method.
| Year Ended March 31, |  |  |  |  |
(In millions, except per share amounts) | 2020 |  | 2019 |  | 2018 |
Net income | $ | 3,039 |  |  | $ | 1,019 |  |  | $ | 1,043 |  |
Shares used to compute earnings per share: |  |  |  |  |  |
Weighted-average common stock outstanding — basic | 293 |  |  | 303 |  |  | 308 |  |
Dilutive potential common shares related to stock award plans and from assumed exercise of stock options | 2 |  |  | 3 |  |  | 4 |  |
Weighted-average common stock outstanding — diluted | 295 |  |  | 306 |  |  | 312 |  |
Earnings per share: |  |  |  |  |  |
Basic | $ | 10.37 |  |  | $ | 3.36 |  |  | $ | 3.39 |  |
Diluted | $ | 10.30 |  |  | $ | 3.33 |  |  | $ | 3.34 |  |
For the fiscal years ended March 31, 2020 and 2019, two million restricted stock units and market-based restricted stock units were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect. For the fiscal year ended March 31, 2018, an immaterial amount of restricted stock units and market-based restricted stock units were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect. Our performance-based restricted stock units, which are considered contingently issuable shares, are also excluded from the treasury stock method computation because the related performance-based milestones were not achieved as of the end of the fiscal years ended March 31, 2020, 2019 and 2018.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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