RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
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Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Operating income, as reported | $ | 529.4 | $ | 811.6 | $ | 2,317.5 | $ | 2,268.0 | |||||||
Share-based compensation expense | 44.8 | 44.0 | 134.7 | 126.5 | |||||||||||
Other adjustments | 1.1 | 0.3 | 1.0 | 2.0 | |||||||||||
Professional services associated with certain legal matters | 0.4 | — | 1.2 | 3.2 | |||||||||||
Amortization of acquired intangible assets | 151.3 | 167.4 | 454.2 | 502.5 | |||||||||||
Special charges (income) and other, net | 1.1 | 6.5 | 4.6 | (6.1 | ) | ||||||||||
Non-GAAP operating income | $ | 728.1 | $ | 1,029.8 | $ | 2,913.2 | $ | 2,896.1 | |||||||
GAAP operating income as a percentage of net sales | 30.0 | % | 37.4 | % | 36.7 | % | 36.5 | % | |||||||
Non-GAAP operating income as a percentage of net sales | 41.2 | % | 47.5 | % | 46.2 | % | 46.7 | % |