Yes and no; almost everybody, in their introductory calculus course, learns that

is just another notation for

; but soon enough you will start seeing things like

, which you would not expect to have meaning if

was just a notation.
In fact, very few people seem to know what

and

actually mean. Most people just treat them like regular variables with a kind of algebraic faith. Of course they can be defined as such - just variables - but then

ceases to be the derivative. Most people get around this mess by saying that they are "infinitesimal" variables - variables which can only take infinitely small values. This is more correct but still quite sloppy.
I'd go as far as to say that what Leibniz's notation really means is almost
taboo. It took me quite a while to be comfortable with differentials, and the only way in which I can rigorously define them is quite complicated.