v3.22.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]      
Net sales $ 3,614.7 $ 2,908.7 $ 2,606.8
Cost of goods sold 2,301.2 1,857.0 1,673.1
Gross profit 1,313.5 1,051.7 933.7
Selling, general and administrative expenses 461.2 389.6 415.8
Research and development expenses 38.0 34.3 32.8
Restructuring expenses 0.0 11.1 84.4
Asbestos adjustments loss 131.7 143.9 58.2
Operating income 682.6 472.8 342.5
Interest, net 39.3 47.8 54.4
Loss on early debt extinguishment 0.0 13.1 0.0
Other expense (income) 0.2 (0.1) 0.1
Income before income taxes 643.1 412.0 288.0
Income tax expense 184.0 149.2 46.5
Net income $ 459.1 $ 262.8 $ 241.5
Income per share:      
Basic (in dollars per share) $ 1.03 $ 0.59 $ 0.55
Diluted (in dollars per share) $ 1.03 $ 0.59 $ 0.54
Weighted average common shares outstanding (Millions):      
Basic (in shares) 444.9 443.7 442.6
Diluted (in shares) 445.9 445.4 444.1
Comprehensive income, net of tax:      
Net income $ 459.1 $ 262.8 $ 241.5
Pension adjustments (0.7) (0.4) 0.8
Currency translation adjustments (14.7) 55.9 (32.6)
Comprehensive income $ 443.7 $ 318.3 $ 209.7

Source