v3.25.4
Share-Based Compensation
 9 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Share-Based Compensation
 
The following table presents the details of the Company's share-based compensation expense (in millions):
Three Months Ended December 31,Nine Months Ended December 31,
2025202420252024
Cost of sales(1)
$10.5 $7.4 $26.5 $18.3 
Research and development39.3 28.8 101.6 79.0 
Selling, general and administrative22.8 13.2 59.0 42.4 
Pre-tax effect of share-based compensation72.6 49.4 187.1 139.7 
Income tax benefit15.1 10.4 38.8 29.3 
Net income effect of share-based compensation$57.5 $39.0 $148.3 $110.4 
(1) During the three and nine months ended December 31, 2025, $6.9 million and $16.4 million, respectively, of share-based compensation expense was capitalized to inventory and $10.5 million and $26.5 million, respectively, of previously capitalized share-based compensation expense in inventory was sold. During the three and nine months ended December 31, 2024, $3.6 million and $13.6 million, respectively, of share-based compensation expense was capitalized to inventory and $7.4 million and $18.3 million, respectively, of previously capitalized share-based compensation expense in inventory was sold.