Property, Plant and Equipment

12 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Note 11: Property, Plant and Equipment

Property, plant and equipment, including depreciable lives, consisted of the following:

	March 31,
	2014			2013
Land	$	10.4		$	10.0
Buildings and improvements (10-40 years)		228.1			216.7
Machinery and equipment (3-12 years)		715.1			679.1
Office equipment (3-10 years)		89.5			95.7
Construction in progress		35.5			31.6
		1,078.6			1,033.1
Less: accumulated depreciation		(719.0	)		(677.2	)
Net property, plant and equipment	$	359.6		$	355.9

Depreciation expense totaled $57.3 million, $55.1 million and $57.1 million for the years ended March 31, 2014, 2013, and 2012, respectively. Gains and losses related to the disposal of property, plant and equipment are recorded in SG&A expenses. Total losses related to the disposal of property, plant and equipment were $2.6 million, $2.5 million and $0.6 million for the years ended March 31, 2014, 2013, and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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