XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

Other Financial Statement Details | 3 Months Ended
--- | ---
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other Financial Statement Details | Other Financial Statement Details Accounts Receivable Accounts receivable consists of the following (in millions):
| June 30, |  | March 31,
| 2020 |  | 2020
Trade accounts receivable | $ | 888.6 |  |  | $ | 924.1 |
Other | 9.6 |  |  | 14.8 |
Total accounts receivable, gross | 898.2 |  |  | 938.9 |
Less allowance for expected credit losses | 3.9 |  |  | 4.9 |
Total accounts receivable, net | $ | 894.3 |  |  | $ | 934.0 |
Inventories The components of inventories consist of the following (in millions):
| June 30, |  | March 31,
| 2020 |  | 2020
Raw materials | $ | 99.3 |  |  | $ | 92.3 |
Work in process | 401.4 |  |  | 441.7 |
Finished goods | 156.5 |  |  | 151.7 |
Total inventories | $ | 657.2 |  |  | $ | 685.7 |
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):
| June 30, |  | March 31,
| 2020 |  | 2020
Land | $ | 83.4 |  |  | $ | 83.4 |
Building and building improvements | 658.6 |  |  | 659.5 |
Machinery and equipment | 2,144.4 |  |  | 2,123.1 |
Projects in process | 89.4 |  |  | 100.1 |
Total property, plant and equipment, gross | 2,975.8 |  |  | 2,966.1 |
Less accumulated depreciation and amortization | 2,131.8 |  |  | 2,090.0 |
Total property, plant and equipment, net | $ | 844.0 |  |  | $ | 876.1 |
Depreciation expense attributed to property, plant and equipment was $41.1 million for the three months ended June 30, 2020 compared to $46.2 million for the three months ended June 30, 2019. Accrued Liabilities Accrued liabilities consists of the following (in millions):
| June 30, |  | March 31,
| 2020 |  | 2020
Accrued compensation and benefits | $ | 147.4 |  |  | $ | 137.5 |
Income taxes payable | 40.3 |  |  | 38.0 |
Sales related reserves | 359.2 |  |  | 353.0 |
Current portion of lease liabilities | 40.2 |  |  | 44.5 |
Accrued expenses and other liabilities | 191.3 |  |  | 208.8 |
Total accrued liabilities | $ | 778.4 |  |  | $ | 781.8 |

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration