EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

	Three Months Ended December				Nine Months Ended December
(In thousands, except per share amounts)	2022		2021		2022		2021
Earnings per share – basic:
Income from continuing operations	$	507,868	$	517,801	$	333,476	$	1,135,826
Weighted average common shares outstanding	387,739		390,430		387,663		391,187
Earnings per share from continuing operations	$	1.31	$	1.33	$	0.86	$	2.90
Earnings per share – diluted:
Income from continuing operations	$	507,868	$	517,801	$	333,476	$	1,135,826
Weighted average common shares outstanding	387,739		390,430		387,663		391,187
Incremental shares from stock options and other dilutive securities	453		2,065		694		2,360
Adjusted weighted average common shares outstanding	388,192		392,495		388,357		393,547
Earnings per share from continuing operations	$	1.31	$	1.32	$	0.86	$	2.89

Outstanding options to purchase approximately 9.4 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended December 2022, and outstanding options to purchase approximately 2.8 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended December 2021, because the effect of their inclusion would have been anti-dilutive.In addition, 0.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2022 and December 2021, because these units were not considered to be contingent outstanding shares in those periods.