XML 92 R75.htm IDEA: XBRL DOCUMENT v3.25.1
Income Taxes - Income Tax (Benefit) Provision from Continuing Operations (Details) - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Income before income taxes:      
U.S. $ (131.5) $ 555.5 $ 674.7
Foreign 170.4 1,810.4 2,235.0
Income before income taxes 38.9 2,365.9 2,909.7
Current provision:      
U.S. Federal 127.5 347.5 389.5
State 0.0 20.0 5.0
Foreign 55.2 118.7 72.0
Total current provision 182.7 486.2 466.5
Deferred provision (benefit):      
U.S. Federal (101.0) (106.4) 53.7
State (5.5) (12.3) 4.6
Foreign (36.8) 91.5 147.2
Total deferred provision (benefit) (143.3) (27.2) 205.5
Income tax provision 39.4 459.0 672.0
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Computed expected income tax provision 8.2 496.8 611.0
State income taxes, net of federal benefit (2.1) 15.7 8.6
Effects of foreign operations - rate differential (19.2) (149.3) (184.0)
Effects of foreign operations - other, net of foreign tax credits 55.0 212.2 258.9
Foreign-derived intangible income (FDII) (3.1) (3.6) 0.0
Business realignment of intellectual property rights 5.7 0.4 0.0
Change in uncertain tax positions 45.1 5.8 50.6
Share-based compensation (14.1) (8.4) (11.4)
R&D tax credits (60.1) (69.8) (63.8)
Income tax holidays (12.0) (22.5) (26.7)
Nondeductible Expenses 6.0 7.7 9.4
Other 13.4 2.6 10.3
Change in valuation allowance 16.6 (28.6) 9.1
Income tax provision $ 39.4 $ 459.0 $ 672.0