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Nature of Operations and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Cash Flow, Supplemental Disclosures Information supplementing our Consolidated Statements of Cash Flows is as follows:
Years Ended March 31,202320222021
Cash paid during the year for:
Interest$108,470 $84,696 $36,257 
Income taxes254,661 138,382 109,646 
Cash received during the year for income tax refunds2,315 4,605 4,631 
Accounting Standards Update and Change in Accounting Principle
Recently Issued Accounting Standards Impacting the Company are presented in the following table:
StandardDate of IssuanceDescriptionDate of AdoptionEffect on the financial statements or other significant matters
Standards that have been adopted in fiscal 2023.
ASU 2021-08 "Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities from Contracts with Customers."October 2021The standard provides guidance to improve the accounting for acquired revenue contracts with Customers in a business combination by addressing diversity in practice and inconsistency related to the recognition of an acquired contract liability and payment terms and their effect on subsequent revenue recognized by the acquirer. First Quarter Fiscal 2023We adopted this standard effective April 1, 2022 with no material impact to our consolidated financial statements.
Standards that have not yet been adopted.
ASU 2022-04 "Liabilities - Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program ObligationsSeptember 2022The standard provides guidance to enhance the transparency of disclosures for entities that utilize supplier finance programs to include information about the key terms of the programs and present a rollforward of any obligations under the program where those obligations are presented in the balance sheet.NAWe are in the process of evaluating the impact that the standard will have on our consolidated financial statements.
Useful lives of PPE table text block
We generally depreciate or deplete property, plant, and equipment over the useful lives presented in the following table:
Asset TypeUseful Life
(years)
Land improvements
3-40
Buildings and leasehold improvements
2-50
Machinery and equipment
2-20
Information Systems
2-20
Radioisotope (cobalt-60)
20