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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.22.4
EARNINGS PER SHARE
9 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE EARNINGS PER SHARE
Ìý 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
$ 507,868Ìý $ 517,801Ìý $ 333,476Ìý $ 1,135,826Ìý
Weighted average common shares outstanding
387,739Ìý 390,430Ìý 387,663Ìý 391,187Ìý
Earnings per share from continuing operations
$ 1.31Ìý $ 1.33Ìý $ 0.86Ìý $ 2.90Ìý
Earnings per share – diluted:
Income from continuing operations
$ 507,868Ìý $ 517,801Ìý $ 333,476Ìý $ 1,135,826Ìý
Weighted average common shares outstanding
387,739Ìý 390,430Ìý 387,663Ìý 391,187Ìý
Incremental shares from stock options and other dilutive securities
453Ìý 2,065Ìý 694Ìý 2,360Ìý
Adjusted weighted average common shares outstanding
388,192Ìý 392,495Ìý 388,357Ìý 393,547Ìý
Earnings per share from continuing operations
$ 1.31Ìý $ 1.32Ìý $ 0.86Ìý $ 2.89Ìý
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.