v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Class A Common Stock
Common Stock
Class A Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning of period (in shares) at Mar. 31, 2023     165,872,332        
Beginning of period at Mar. 31, 2023 $ 992   $ 2 $ (1,860) $ 769 $ 2,051 $ 30
Treasury stock (in shares) at Mar. 31, 2023       (34,234,744)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     1,194,324        
Issuance of common stock 29       29    
Stock options exercised (in shares)     335,612        
Stock options exercised 16       16    
Repurchase of common stock (in shares)   (3,200,000)   (3,524,401) [1]      
Repurchase of common stock (418) [1] $ (373)   $ (418) [1]      
Net income 606         606  
Other comprehensive income, net of tax (20)           (20)
Dividends paid (253)         (253) 0
Stock-based compensation expense 95       95    
End of period (in shares) at Mar. 31, 2024     167,402,268        
End of period at Mar. 31, 2024 1,047   $ 2 $ (2,278) 909 2,404 10
Treasury stock (in shares) at Mar. 31, 2024       (37,759,145)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     1,022,351        
Issuance of common stock 34       34    
Stock options exercised (in shares)     97,925        
Stock options exercised 5       5    
Repurchase of common stock (in shares)   (5,600,000)   (5,884,395) [1]      
Repurchase of common stock (804) [1] $ (764)   $ (804) [1]      
Net income 935         935  
Other comprehensive income, net of tax (39)           (39)
Dividends paid (269)         (269)  
Stock-based compensation expense $ 94       94    
End of period (in shares) at Mar. 31, 2025 124,879,004   168,522,544        
End of period at Mar. 31, 2025 $ 1,003   $ 2 $ (3,082) 1,042 3,070 (29)
Treasury stock (in shares) at Mar. 31, 2025 (43,643,540)     (43,643,540)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     1,123,700        
Issuance of common stock $ 34       34    
Stock options exercised (in shares)     158,957        
Stock options exercised 10       10    
Repurchase of common stock (in shares)   (5,600,000)   (5,820,341) [1]      
Repurchase of common stock (591) [1] $ (561)   $ (591) [1]      
Net income 851         851  
Other comprehensive income, net of tax 6           6
Dividends paid (277)         (277)  
Stock-based compensation expense $ 69       69    
End of period (in shares) at Mar. 31, 2026 120,341,320   169,805,201        
End of period at Mar. 31, 2026 $ 1,105   $ 2 $ (3,673) $ 1,155 $ 3,644 $ (23)
Treasury stock (in shares) at Mar. 31, 2026 (49,463,881)     (49,463,881)      
[1] During fiscal 2026, 2025, and 2024, the Company purchased 5.6 million, 5.6 million and 3.2 million shares, respectively, of the Company’s Class A Common Stock for $561 million, $764 million, and $373 million, respectively. Additionally, during fiscal 2026, 2025, and 2024, the Company repurchased shares for $30 million, $40 million and $45 million, respectively, to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during those years.