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Other Financial Statement Details | 12 Months Ended
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Mar. 31, 2019
Receivables [Abstract] |
Other Financial Statement Details | Other Financial Statement Details Accounts Receivable Accounts receivable consists of the following (in millions):
| March 31,
| 2019 |  | 2018
Trade accounts receivable | $ | 875.8 |  |  | $ | 557.8 |
Other | 6.8 |  |  | 8.1 |
Total accounts receivable, gross | 882.6 |  |  | 565.9 |
Less allowance for doubtful accounts | 2.0 |  |  | 2.2 |
Total accounts receivable, net | $ | 880.6 |  |  | $ | 563.7 |
Inventories The components of inventories consist of the following (in millions):
| March 31,
| 2019 |  | 2018
Raw materials | $ | 74.5 |  |  | $ | 26.0 |
Work in process | 413.0 |  |  | 311.8 |
Finished goods | 224.2 |  |  | 138.4 |
Total inventories | $ | 711.7 |  |  | $ | 476.2 |
Inventories are valued at the lower of cost and net realizable value using the first-in, first-out method. Inventory impairment charges establish a new cost basis for inventory and charges are not subsequently reversed to income even if circumstances later suggest that increased carrying amounts are recoverable. Property, Plant and Equipment Property, plant and equipment consists of the following (in millions):
| March 31,
| 2019 |  | 2018
Land | $ | 83.4 |  |  | $ | 73.4 |
Building and building improvements | 647.6 |  |  | 508.5 |
Machinery and equipment | 2,095.5 |  |  | 1,943.9 |
Projects in process | 119.2 |  |  | 118.3 |
Total property, plant and equipment, gross | 2,945.7 |  |  | 2,644.1 |
Less accumulated depreciation and amortization | 1,949.0 |  |  | 1,876.2 |
Total property, plant and equipment, net | $ | 996.7 |  |  | $ | 767.9 |
Depreciation expense attributed to property, plant and equipment was $180.6 million, $123.7 million and $122.9 million for the fiscal years ending March 31, 2019, 2018 and 2017, respectively. Accrued Liabilities Accrued liabilities consists of the following (in millions):
| March 31,
| 2019 |  | 2018
Accrued compensation and benefits | $ | 133.2 |  |  | $ | 87.6 |
Income taxes payable | 46.9 |  |  | 27.5 |
Sales related reserves | 366.9 |  |  | — |
Accrued expenses and other liabilities | 240.3 |  |  | 114.5 |
Total accrued liabilities | $ | 787.3 |  |  | $ | 229.6 |
Sales related reserves represent price concessions and stock rotation rights that the Company offers to many of its distributors. For the fiscal year ending March 31, 2018, these sales related reserves were recorded within accounts receivable, and therefore did not exist within accrued liabilities. The Company made this change in classification as part of its adoption of ASC 606. For additional information regarding the Company's adoption of ASC 606, refer to Note 1 of the consolidated financial statements.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5074-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5162-111524 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5066-111524 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(6)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996 + Details
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