RECONCILIATION OF GAAP CASH FLOW FROM OPERATIONS TO FREE CASH FLOW
| Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| GAAP cash flow from operations, as reported | $ | 1,277.9 | $ | 853.4 | $ | 2,911.5 | $ | 2,095.0 | |||||||
| Capital expenditures | (141.3 | ) | (90.7 | ) | (373.5 | ) | (255.5 | ) | |||||||
| Free cash flow | $ | 1,136.6 | $ | 762.7 | $ | 2,538.0 | $ | 1,839.5 | |||||||
| GAAP cash flow from operations as a percentage of net sales | 58.9 | % | 48.6 | % | 46.9 | % | 42.1 | % | |||||||
| Free cash flow as a percentage of net sales | 52.4 | % | 43.4 | % | 40.9 | % | 37.0 | % | |||||||
