XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Earnings Per Share | 9 Months Ended
--- | ---
Dec. 31, 2024
Earnings Per Share Reconciliation [Abstract] |
Earnings Per Share | 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 units, market-based restricted stock units, performance-based restricted stock units, and ESPP purchase rights using the treasury stock method.
| Three Months Ended December 31, |  | Nine Months Ended December 31,
(In millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Net income | $ | 293 |  |  | $ | 290 |  |  | $ | 867 |  |  | $ | 1,091 |
Shares used to compute earnings per share: |  |  |  |  |  |  |
Weighted-average common stock outstanding — basic | 262 |  |  | 269 |  |  | 264 |  |  | 271 |
Dilutive potential common shares related to stock award plans | 3 |  |  | 2 |  |  | 2 |  |  | 1 |
Weighted-average common stock outstanding — diluted | 265 |  |  | 271 |  |  | 266 |  |  | 272 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 1.12 |  |  | $ | 1.08 |  |  | $ | 3.28 |  |  | $ | 4.03 |
Diluted | $ | 1.11 |  |  | $ | 1.07 |  |  | $ | 3.26 |  |  | $ | 4.01 |
Certain restricted stock units, market-based restricted stock units and performance-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 both the three and nine months ended December 31, 2024, one million such shares were excluded. For the three months ended December 31, 2023, an immaterial amount of such shares were excluded. For the nine months ended December 31, 2023, one million such shares were excluded.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareReconciliationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration