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Share-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense

The following table presents the details of the Company's share-based compensation expense (in millions):

			Fiscal Year Ended March 31,
			2023						2022						2021
Cost of sales (1)			$	27.2					$	34.3					$	26.6
Research and development			83.1						97.9						96.8
Selling, general and administrative			60.1						78.0						74.9
Pre-tax effect of share-based compensation			170.4						210.2						198.3
Income tax benefit			36.4						44.6						42.3
Net income effect of share-based compensation			$	134.0					$	165.6					$	156.0

(1) During the fiscal year ended March 31, 2023, $19.7 million of share-based compensation expense was capitalized to inventory and $27.2 million of previously capitalized share-based compensation expense in inventory was sold. During the fiscal year ended March 31, 2022, $21.2 million of share-based compensation expense was capitalized to inventory and $34.3 million of previously capitalized share-based compensation expense in inventory was sold. During the fiscal year ended March 31, 2021, $16.7 million of share-based compensation expense was capitalized to inventory and $26.6 million of previously capitalized share-based compensation expense in inventory was sold.

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

RSUs and PSUs share activity is set forth below:

			Number of Shares						Weighted Average Grant Date Fair Value
Nonvested shares at March 31, 2020			11,484,106						$	38.06
Granted			4,678,494						$	50.69
Forfeited			(514,110)						$	41.69
Vested			(3,764,672)						$	32.07
Nonvested shares at March 31, 2021			11,883,818						$	44.77
Granted			2,995,991						$	74.36
Forfeited			(978,325)						$	51.17
Vested			(3,795,469)						$	43.77
Nonvested shares at March 31, 2022			10,106,015						$	53.30
Granted			3,226,654						$	61.71
Forfeited			(864,262)						$	55.77
Vested			(3,423,935)						$	45.08
Nonvested shares at March 31, 2023			9,044,472						$	59.17

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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