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Other Financial Statement Details | 9 Months Ended
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Dec. 31, 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):
| December 31, |  | March 31,
| 2020 |  | 2020
Trade accounts receivable | $ | 887.9 |  |  | $ | 924.1 |
Other | 11.1 |  |  | 14.8 |
Total accounts receivable, gross | 899.0 |  |  | 938.9 |
Less allowance for expected credit losses | 5.2 |  |  | 4.9 |
Total accounts receivable, net | $ | 893.8 |  |  | $ | 934.0 |
Inventories The components of inventories consist of the following (in millions):
| December 31, |  | March 31,
| 2020 |  | 2020
Raw materials | $ | 112.8 |  |  | $ | 92.3 |
Work in process | 413.6 |  |  | 441.7 |
Finished goods | 139.7 |  |  | 151.7 |
Total inventories | $ | 666.1 |  |  | $ | 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):
| December 31, |  | March 31,
| 2020 |  | 2020
Land | $ | 79.9 |  |  | $ | 83.4 |
Building and building improvements | 643.7 |  |  | 659.5 |
Machinery and equipment | 2,190.6 |  |  | 2,123.1 |
Projects in process | 124.2 |  |  | 100.1 |
Total property, plant and equipment, gross | 3,038.4 |  |  | 2,966.1 |
Less accumulated depreciation and amortization | 2,211.0 |  |  | 2,090.0 |
Total property, plant and equipment, net | $ | 827.4 |  |  | $ | 876.1 |
Depreciation expense attributed to property, plant and equipment was $40.3 million and $120.4 million for the three and nine months ended December 31, 2020, respectively, compared to $41.4 million and $127.1 million for the three and nine months ended December 31, 2019, respectively. Accrued Liabilities Accrued liabilities consists of the following (in millions):
| December 31, |  | March 31,
| 2020 |  | 2020
Accrued compensation and benefits | $ | 166.6 |  |  | $ | 137.5 |
Income taxes payable | 12.8 |  |  | 38.0 |
Sales related reserves | 332.2 |  |  | 353.0 |
Current portion of lease liabilities | 40.2 |  |  | 44.5 |
Accrued expenses and other liabilities | 217.4 |  |  | 208.8 |
Total accrued liabilities | $ | 769.2 |  |  | $ | 781.8 |

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