RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
| Three and Twelve Months Ended | |||||||
| March 31, 2019 | |||||||
| Net income, as reported | $ | 174.7 | $ | 355.9 | |||
| Impact of changes in distributor inventory levels | — | 83.4 | |||||
| Share-based compensation expense | 39.1 | 149.2 | |||||
| Acquisition-related costs | 5.0 | 44.1 | |||||
| Excess capacity charges to normalize acquired inventory levels | — | 2.3 | |||||
| Acquired inventory valuation costs | 1.8 | 365.7 | |||||
| Amortization of acquired intangible assets | 176.9 | 674.1 | |||||
| Special (income) charges and other, net | (23.3 | ) | 33.7 | ||||
| Loss on settlement of debt | 8.3 | 12.6 | |||||
| Non-cash other expense | 29.7 | 124.3 | |||||
| Acquisition-related other income | (12.5 | ) | (12.5 | ) | |||
| Losses on available-for-sale investments | (0.7 | ) | 6.0 | ||||
| Other non-GAAP tax adjustment 1 | (28.6 | ) | (202.5 | ) | |||
| Non-GAAP net income | $ | 370.4 | $ | 1,636.3 | |||
| Non-GAAP net income as a percentage of net sales | 27.9 | % | 29.9 | % | |||
| GAAP net income as a percentage of net sales | 13.1 | % | 6.7 | % | |||
| Diluted net income per common share, as reported | $ | 0.70 | $ | 1.42 | |||
| Non-GAAP diluted net income per common share | $ | 1.48 | $ | 6.55 | |||
| Diluted common shares outstanding, as reported | 250.9 | 249.9 | |||||
| Diluted common shares outstanding non-GAAP | 250.9 | 249.9 | |||||
| Three and Twelve Months Ended | |||||||
| March 31, 2018 | |||||||
| Net income, as reported | $ | 146.7 | $ | 255.4 | |||
| Share-based compensation expense, net of tax effect 2 | 16.9 | 64.9 | |||||
| Manufacturing excursion, net of tax effect 2 | — | (0.4 | ) | ||||
| Acquisition-related costs, net of tax effect 2 | 3.6 | 6.8 | |||||
| Amortization of acquired intangible assets, net of tax effect 2 | 114.5 | 449.5 | |||||
| Special charges and other, net of tax effect 2 | 0.3 | 11.6 | |||||
| Loss on settlement of debt, net of tax effect 2 | — | 10.7 | |||||
| Non-cash other expense, net of tax effect 2 | 20.0 | 74.2 | |||||
| Impairment on available-for-sale investments, net of tax effect | 15.4 | 15.4 | |||||
| Non-recurring tax events 2 | 38.9 | 467.5 | |||||
| Tax adjustment in accordance with ASC 740-270 2 | (5.0 | ) | — | ||||
| Non-GAAP net income | $ | 351.3 | $ | 1,355.6 | |||
| Non-GAAP net income as a percentage of net sales | 35.0 | % | 34.1 | % | |||
| GAAP net income as a percentage of net sales | 14.6 | % | 6.4 | % | |||
| Diluted net income per common share, as reported | $ | 0.58 | $ | 1.03 | |||
| Non-GAAP diluted net income per common share | $ | 1.40 | $ | 5.45 | |||
| Diluted common shares outstanding, as reported | 251.5 | 248.9 | |||||
| Diluted common shares outstanding non-GAAP | 251.5 | 248.9 | |||||
