v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
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, 2025   168,522,544        
Beginning 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)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   458,931        
Issuance of common stock 18     18    
Stock options exercised (in shares)   129,653        
Stock options exercised 9     9    
Repurchase of common stock (in shares)   (3,300,000) (3,442,274) [1]      
Repurchase of common stock (377) [2] $ (361) $ (377) [1]      
Net income 446       446  
Other comprehensive income (loss), net of tax (1)         (1)
Dividends paid (138)       (138)  
Stock-based compensation expense 36     36    
End of period (in shares) at Sep. 30, 2025   169,111,128        
End of period at Sep. 30, 2025 996 $ 2 $ (3,459) 1,105 3,378 (30)
Treasury stock (in shares) at Sep. 30, 2025     (47,085,814)      
Beginning of period (in shares) at Jun. 30, 2025   168,850,097        
Beginning of period at Jun. 30, 2025 1,065 $ 2 $ (3,249) 1,071 3,271 (30)
Treasury stock (in shares) at Jun. 30, 2025     (45,141,112)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   145,657        
Issuance of common stock 9     9    
Stock options exercised (in shares)   115,374        
Stock options exercised 8     8    
Repurchase of common stock (in shares)   (1,900,000) (1,944,702) [1]      
Repurchase of common stock (210) [3] $ (207) $ (210) [1]      
Net income 175       175  
Other comprehensive income (loss), net of tax 0          
Dividends paid (68)       (68)  
Stock-based compensation expense 17     17    
End of period (in shares) at Sep. 30, 2025   169,111,128        
End of period at Sep. 30, 2025 $ 996 $ 2 $ (3,459) 1,105 3,378 (30)
Treasury stock (in shares) at Sep. 30, 2025     (47,085,814)      
Beginning of period (in shares) at Mar. 31, 2026 120,341,320 169,805,201        
Beginning 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)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   776,800        
Issuance of common stock $ 14     14    
Stock options exercised (in shares)   89,223        
Stock options exercised 4     4    
Repurchase of common stock (in shares)   (2,000,000.0) (2,110,375) [4]      
Repurchase of common stock (160) [4] $ (149) $ (160) [4]      
Net income 379       379  
Other comprehensive income (loss), net of tax 2         2
Dividends paid (144)       (144)  
Stock-based compensation expense $ 44     44    
End of period (in shares) at Sep. 30, 2026 119,096,968 170,671,224        
End of period at Sep. 30, 2026 $ 1,244 $ 2 $ (3,833) 1,217 3,879 (21)
Treasury stock (in shares) at Sep. 30, 2026 (51,574,256)   (51,574,256)      
Beginning of period (in shares) at Jun. 30, 2026   170,513,905        
Beginning of period at Jun. 30, 2026 $ 1,202 $ 2 $ (3,733) 1,186 3,769 (22)
Treasury stock (in shares) at Jun. 30, 2026     (50,229,648)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   147,429        
Issuance of common stock 7     7    
Stock options exercised (in shares)   9,890        
Stock options exercised 1     1    
Repurchase of common stock (in shares)   (1,300,000) (1,344,608) [4]      
Repurchase of common stock (100) [4] $ (99) $ (100) [4]      
Net income 181       181  
Other comprehensive income (loss), net of tax 1         1
Dividends paid (71)       (71)  
Stock-based compensation expense $ 23     23    
End of period (in shares) at Sep. 30, 2026 119,096,968 170,671,224        
End of period at Sep. 30, 2026 $ 1,244 $ 2 $ (3,833) $ 1,217 $ 3,879 $ (21)
Treasury stock (in shares) at Sep. 30, 2026 (51,574,256)   (51,574,256)      
[1] During the six months ended September 30, 2026, the Company purchased 2.0 million shares of the Company’s Class A Common Stock for $149 million. Additionally, the Company’s repurchase of common stock for the six months ended September 30, 2026 includes $11 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[2] During the six months ended September 30, 2025, the Company purchased 3.3 million shares of the Company’s Class A Common Stock for $361 million. Additionally, the Company’s repurchase of common stock for the six months ended September 30, 2025 includes $16 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[3] During the three months ended September 30, 2025, the Company purchased 1.9 million shares of the Company’s Class A Common Stock for $207 million. Additionally, the Company’s repurchase of common stock for the three months ended September 30, 2025 includes $3 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[4] During the three months ended September 30, 2026, the Company purchased 1.3 million shares of the Company’s Class A Common Stock for $99 million. Additionally, the Company’s repurchase of common stock for the three months ended September 30, 2026 includes $1 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.