RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
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Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Operating expenses, as reported | $ | 590.6 | $ | 659.2 | $ | 1,888.3 | $ | 1,910.6 | |||||||
Share-based compensation expense | (38.8 | ) | (37.1 | ) | (114.5 | ) | (105.4 | ) | |||||||
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 expenses | $ | 397.9 | $ | 447.9 | $ | 1,312.8 | $ | 1,303.6 | |||||||
GAAP operating expenses as a percentage of net sales | 33.4 | % | 30.4 | % | 29.9 | % | 30.8 | % | |||||||
Non-GAAP operating expenses as a percentage of net sales | 22.5 | % | 20.6 | % | 20.8 | % | 21.0 | % |