XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 2,254.3 $ 2,073.2 $ 4,542.9 $ 4,036.8
Cost of sales 726.9 675.3 1,457.1 1,329.0
Gross profit 1,527.4 1,397.9 3,085.8 2,707.8
Research and development 292.6 268.6 591.1 537.6
Selling, general and administrative 196.6 202.4 400.2 391.3
Amortization of acquired intangible assets 151.4 167.5 302.9 335.1
Special charges (income) and other, net 1.8 4.3 3.5 (12.6)
Operating expenses 642.4 642.8 1,297.7 1,251.4
Operating income 885.0 755.1 1,788.1 1,456.4
Interest income 1.6 0.2 3.1 0.3
Interest expense (46.8) (53.3) (94.0) (103.6)
Loss on settlement of debt (3.1) (2.1) (12.2) (8.3)
Other (loss) income, net (3.1) (0.8) (3.1) 0.9
Income before income taxes 833.6 699.1 1,681.9 1,345.7
Income tax provision 167.0 152.9 348.9 292.3
Net income $ 666.6 $ 546.2 $ 1,333.0 $ 1,053.4
Basic net income per common share (in dollars per share) $ 1.23 $ 0.99 $ 2.45 $ 1.91
Diluted net income per common share (in dollars per share) 1.21 0.98 2.42 1.88
Dividends declared per common share (in dollars per share) $ 0.410 $ 0.301 $ 0.793 $ 0.577
Basic common shares outstanding (in shares) 543.1 551.5 544.1 552.7
Diluted common shares outstanding (in shares) 549.2 558.3 550.3 559.9