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Earnings Per Share (Tables) | 3 Months Ended
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Jun. 30, 2022
Earnings Per Share Reconciliation [Abstract] |
Computation Of Basic Earnings (Loss) And Diluted Earnings (Loss) 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.
| Three Months Ended June 30, |  |
(In millions, except per share amounts) | 2022 |  | 2021 |  |  |  |
Net income | $ | 311 |  |  | $ | 204 |  |  |  |  |
Shares used to compute earnings per share: |  |  |  |  |  |  |
Weighted-average common stock outstanding — basic | 279 |  |  | 286 |  |  |  |  |
Dilutive potential common shares related to stock award plans | 2 |  |  | 3 |  |  |  |  |
Weighted-average common stock outstanding — diluted | 281 |  |  | 289 |  |  |  |  |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 1.11 |  |  | $ | 0.71 |  |  |  |  |
Diluted | $ | 1.11 |  |  | $ | 0.71 |  |  |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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