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Leases
12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
Operating lease arrangements are comprised primarily of real estate and equipment agreements for which the ROU assets are included in other assets and the corresponding lease liabilities, depending on their maturity, are included in accrued liabilities or other long-term liabilities in the consolidated balance sheets. There are certain immaterial finance leases recorded in the consolidated balance sheets. The Company has elected to account for the lease and non-lease components as a single lease component.
The Company's leases are included as a component of the following balance sheet lines (in millions):
March 31,
20252024
Other assets:
ROU assets$146.3 $156.3 
Total lease assets$146.3 $156.3 
Accrued liabilities:
Current portion of lease liabilities$35.7 $32.6 
Other long-term liabilities:
Non-current portion of lease liabilities115.1 128.7 
Total lease liabilities$150.8 $161.3 

The following table presents the maturities of lease liabilities as of March 31, 2025 (in millions):
Fiscal year ending March 31,Operating Leases
2026$43.0 
202739.7 
202828.8 
202918.7 
203015.5 
Thereafter25.2 
Total lease payments170.9 
Less: Imputed lease interests20.1 
Total lease liabilities$150.8 

The Company's weighted-average remaining lease-term and weighted-average discount rate at March 31, 2025 are as follows:
Weighted average remaining lease-term (years)4.90
Weighted average discount rate4.55 %

The Company's total lease expense is as follows (in millions):
 Fiscal Year Ended March 31,
202520242023
Operating lease expense$61.8 $60.4 $56.6 
Leases Leases
Operating lease arrangements are comprised primarily of real estate and equipment agreements for which the ROU assets are included in other assets and the corresponding lease liabilities, depending on their maturity, are included in accrued liabilities or other long-term liabilities in the consolidated balance sheets. There are certain immaterial finance leases recorded in the consolidated balance sheets. The Company has elected to account for the lease and non-lease components as a single lease component.
The Company's leases are included as a component of the following balance sheet lines (in millions):
March 31,
20252024
Other assets:
ROU assets$146.3 $156.3 
Total lease assets$146.3 $156.3 
Accrued liabilities:
Current portion of lease liabilities$35.7 $32.6 
Other long-term liabilities:
Non-current portion of lease liabilities115.1 128.7 
Total lease liabilities$150.8 $161.3 

The following table presents the maturities of lease liabilities as of March 31, 2025 (in millions):
Fiscal year ending March 31,Operating Leases
2026$43.0 
202739.7 
202828.8 
202918.7 
203015.5 
Thereafter25.2 
Total lease payments170.9 
Less: Imputed lease interests20.1 
Total lease liabilities$150.8 

The Company's weighted-average remaining lease-term and weighted-average discount rate at March 31, 2025 are as follows:
Weighted average remaining lease-term (years)4.90
Weighted average discount rate4.55 %

The Company's total lease expense is as follows (in millions):
 Fiscal Year Ended March 31,
202520242023
Operating lease expense$61.8 $60.4 $56.6