RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
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Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Net income, as reported | $ | 419.2 | $ | 580.3 | $ | 1,752.2 | $ | 1,633.7 | |||||||
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 | ) | ||||||||||
Loss on settlement of debt | — | — | 12.2 | 8.3 | |||||||||||
Non-cash other expense, net | — | — | — | 0.1 | |||||||||||
Other non-GAAP tax adjustment | (25.2 | ) | 65.2 | 27.2 | 175.1 | ||||||||||
Non-GAAP net income | $ | 592.7 | $ | 863.7 | $ | 2,387.3 | $ | 2,445.3 | |||||||
GAAP net income as a percentage of net sales | 23.7 | % | 26.8 | % | 27.8 | % | 26.3 | % | |||||||
Non-GAAP net income as a percentage of net sales | 33.6 | % | 39.8 | % | 37.8 | % | 39.4 | % | |||||||
Diluted net income per common share, as reported | $ | 0.77 | $ | 1.04 | $ | 3.19 | $ | 2.93 | |||||||
Non-GAAP diluted net income per common share | $ | 1.08 | $ | 1.56 | $ | 4.35 | $ | 4.38 | |||||||
Diluted common shares outstanding, as reported | 546.5 | 555.4 | 549.0 | 558.4 | |||||||||||
Diluted common shares outstanding non-GAAP | 546.5 | 555.4 | 549.0 | 558.4 |