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RECONCILIATION OF GAAP CASH FLOW FROM OPERATIONS TO FREE CASH FLOW
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| Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| GAAP cash flow from operations, as reported | $ | 853.3 | $ | 1,277.9 | $ | 2,462.7 | $ | 2,911.5 | |||||||
| Capital expenditures | (59.5 | ) | (141.3 | ) | (245.0 | ) | (373.5 | ) | |||||||
| Free cash flow | $ | 793.8 | $ | 1,136.6 | $ | 2,217.7 | $ | 2,538.0 | |||||||
| GAAP cash flow from operations as a percentage of net sales | 48.3 | % | 58.9 | % | 39.0 | % | 46.9 | % | |||||||
| Free cash flow as a percentage of net sales | 45.0 | % | 52.4 | % | 35.2 | % | 40.9 | % | |||||||
