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Share-based Compensation (Tables)
 9 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The table below identifies the award activity under the 2022 RSU Plan:
(in millions, except per share amounts)
Awards (1)
Weighted Average Grant Date Fair Value Per Award (1)
Outstanding as of March 31, 2024
23 $42.30 
Granted1 $91.43 
Vested(13)$42.04 
Cancelled and forfeited(1)$41.51 
Outstanding and expected to vest as of December 31, 2024
10 $45.36 
(1)    Awards and weighted average grant date per share exclude shares related to certain executive awards that currently have no grant date as the future performance objectives have not yet been defined and/or communicated to participants of the plan.
Schedule of Share-Based Payment Arrangement, Restricted Stock Units And Performance Shares, Activity
The table below identifies all award activity under the Omnibus Incentive Plan:
(in millions, except per share amounts)
Awards (1)
Weighted Average Grant Date Fair Value Per Award (1)
Outstanding as of March 31, 2024
2 $68.13 
Granted10 $120.36 
Vested
(1)$62.14 
Cancelled and forfeited
— $111.29 
Outstanding and expected to vest as of December 31, 2024
11 $116.21 
(1)    Awards and weighted average grant date per share exclude shares related to PSUs that currently have no grant date as the future performance objectives have not yet been defined and/or communicated to participants of the plan.
Schedule of Share-Based Payment Arrangement, Expensed and Capitalized, Amount
A summary of share-based compensation cost recognized in the Condensed Consolidated Income Statements is as follows:
Three Months Ended December 31,Nine Months Ended December 31,
(in millions)2024202320242023
Cost of sales$7 $8 $20 $34 
Research and development154 142 437 594 
Selling, general and administrative66 49 170 247 
Pre-tax share-based compensation cost$227 $199 $627 $875 
Less: income tax effect49 26 91 96 
Net share-based compensation cost$178 $173 $536 $779