Earnings Per Share (Tables)

3 Months Ended

Jun. 30, 2024

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 units, market-based restricted stock units, performance-based restricted stock units, and ESPP purchase rights using the treasury stock method.


	Three Months Ended June 30,
(In millions, except per share amounts)	2024		2023
Net income	$	280	$	402
Shares used to compute earnings per share:
Weighted-average common stock outstanding — basic	266		272
Dilutive potential common shares related to stock award plans	2		2
Weighted-average common stock outstanding — diluted	268		274
Earnings per share:
Basic	$	1.05	$	1.48
Diluted	$	1.04	$	1.47