XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Net sales $ 2,288.6 $ 1,963.6
Cost of sales 730.2 653.7
Gross profit 1,558.4 1,309.9
Research and development 298.5 269.0
Selling, general and administrative 203.6 188.9
Amortization of acquired intangible assets 151.5 167.6
Special charges (income) and other, net 1.7 (16.9)
Operating expenses 655.3 608.6
Operating income 903.1 701.3
Interest income 1.5 0.1
Interest expense (47.2) (50.3)
Loss on settlement of debt (9.1) (6.2)
Other income, net 0.0 1.7
Income before income taxes 848.3 646.6
Income tax provision (benefit) 181.9 139.4
Net income $ 666.4 $ 507.2
Basic net income per common share (in dollars per share) $ 1.22 $ 0.92
Diluted net income per common share (in dollars per share) 1.21 0.90
Dividends declared per common share (in dollars per share) $ 0.3830 $ 0.2760
Basic common shares outstanding (in shares) 545.1 553.8
Diluted common shares outstanding (in shares) 551.4 561.5