RECONCILIATION OF GAAP CASH FLOW FROM OPERATIONS TO FREE CASH FLOW
| Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| GAAP cash flow from operations, as reported | $ | 430.0 | $ | 709.5 | $ | 2,892.7 | $ | 3,621.0 | |||||||
| Capital expenditures | (40.1 | ) | (112.7 | ) | (285.1 | ) | (486.2 | ) | |||||||
| Free cash flow | $ | 389.9 | $ | 596.8 | $ | 2,607.6 | $ | 3,134.8 | |||||||
| GAAP cash flow from operations as a percentage of net sales | 32.4 | % | 31.8 | % | 37.9 | % | 42.9 | % | |||||||
| Free cash flow as a percentage of net sales | 29.4 | % | 26.7 | % | 34.2 | % | 37.1 | % | |||||||
