RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||
Operating expenses, as reported | $ | 659.2 | $ | 638.3 | $ | 1,910.6 | $ | 1,929.1 | |||||||
Share-based compensation expense | (37.1 | ) | (42.5 | ) | (105.4 | ) | (136.9 | ) | |||||||
Acquisition-related | (0.3 | ) | (1.2 | ) | (2.0 | ) | (3.9 | ) | |||||||
Professional services associated with certain legal matters | — | (1.8 | ) | (3.2 | ) | (5.6 | ) | ||||||||
IT security remediation | — | (0.2 | ) | — | (0.2 | ) | |||||||||
Amortization of acquired intangible assets | (167.4 | ) | (215.7 | ) | (502.5 | ) | (647.0 | ) | |||||||
Special charges (income) and other, net | (6.5 | ) | 0.3 | 6.1 | (20.4 | ) | |||||||||
Non-GAAP operating expenses | $ | 447.9 | $ | 377.2 | $ | 1,303.6 | $ | 1,115.1 | |||||||
GAAP operating expenses as a percentage of net sales | 30.4 | % | 36.3 | % | 30.8 | % | 38.8 | % | |||||||
Non-GAAP operating expenses as a percentage of net sales | 20.6 | % | 21.5 | % | 21.0 | % | 22.4 | % |