v3.26.1
Share-Based Compensation Share-Based Compensation (Tables)
3 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions Used
The following weighted average assumptions were used for options granted during the first three months of fiscal 2027 and 2026:
Fiscal 2027Fiscal 2026
Risk-free interest rate4.02 %4.03 %
Expected life of options6.1 years6.0 years
Expected dividend yield of stock1.10 %1.11 %
Expected volatility of stock28.69 %28.19 %
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding
A summary of share option activity is as follows:
Number of
Options
Weighted
Average
Exercise
Price Per Share
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value (in millions)
Outstanding at March 31, 20261,716,867 $204.51 
Granted214,844 230.74 
Exercised(18,162)70.81 
Forfeited(563)219.97 
Outstanding at June 30, 20261,912,986 $208.82 5.9 years$38.6 
Exercisable at June 30, 20261,406,339 $196.38 4.9 years$38.6 
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest
A summary of the non-vested restricted share and share unit activity is presented below:
Number of
Restricted
Shares
Number of Restricted Share UnitsWeighted Average
Grant Date
Fair Value
Non-vested at March 31, 2026456,080 30,289 $226.73 
Granted205,332 12,495 209.86 
Vested(198,818)(12,741)216.80 
Forfeited(4,901)(207)226.90 
Non-vested at June 30, 2026457,693 29,836 $223.51