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v3.23.1

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Mar. 31, 2022
--- | --- | ---
Deferred tax assets: |  |
Accrued expenses | $ 64.7 | $ 81.6
Capital loss carryforward | 11.0 | 9.8
Deferred revenue | 0.0 | 90.4
Income tax credits | 312.7 | 306.6
Intangible assets | 1,328.7 | 1,479.9
Inventory valuation | 40.0 | 26.8
Lease liabilities | 35.8 | 36.1
Net operating loss carryforward | 73.9 | 77.0
Property, plant and equipment | 7.0 | 40.8
Share-based compensation | 37.7 | 45.8
Other | 4.0 | 5.5
Gross deferred tax assets | 1,915.5 | 2,200.3
Valuation allowances | (299.4) | (290.3)
Deferred tax assets, net of valuation allowances | 1,616.1 | 1,910.0
Deferred tax liabilities: |  |
Convertible debt | 0.0 | (22.7)
Intangible assets | (1.6) | (92.4)
ROU assets | (33.9) | (33.6)
Other | 0.0 | (4.0)
Deferred tax liabilities | (35.5) | (152.7)
Net deferred tax asset | 1,580.6 | 1,757.3
Reported as: |  |
Non-current deferred tax assets | 1,623.3 | 1,797.1
Non-current deferred tax liability | (42.7) | (39.8)
Net deferred tax asset | $ 1,580.6 | $ 1,757.3

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