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Pensions (Tables)
 9 Months Ended
Dec. 31, 2015
Pensions [Abstract]  
Components of pension cost
Pension cost included the following components:

  
Three months ended
December 31,
  
Nine months ended
December 31,
 
  
2015
  
2014
  
2015
  
2014
 
Service cost
 
$
0.1
  
$
0.1
  
$
0.4
  
$
0.4
 
Interest cost
  
2.5
   
3.3
   
8.6
   
9.8
 
Expected return on plan assets
  
(3.1
)
  
(4.2
)
  
(11.8
)
  
(12.6
)
Amortization of unrecognized net loss
  
1.4
   
1.4
   
5.0
   
4.2
 
Settlements (a)
  
1.1
   
-
   
40.3
   
-
 
Net periodic benefit cost
 
$
2.0
  
$
0.6
  
$
42.5
  
$
1.8
 

(a)During fiscal 2016, in an effort to reduce the size, volatility, mortality risk, and costs associated with its U.S. pension plans, the Company completed a voluntary lump-sum payout program offered to certain eligible former employees.  Approximately 2,000 participants accepted the lump-sum settlement offer, with a total of $62.4 million paid from pension plan assets, which reduced the Company’s pension obligation by the same amount.  In connection with this program, the Company remeasured the assets and liabilities of its U.S. pension plans at December 31, 2015 using a discount rate of 4.5 percent.  The remeasurement resulted in a $1.2 million decrease in the plans’ underfunded status, as compared with March 31, 2015.  The Company recorded $40.3 million of non-cash settlement losses related to the accelerated recognition of unamortized actuarial losses previously recorded on the consolidated balance sheets within accumulated other comprehensive loss.  During the three and nine months ended December 31, 2015, the Company recorded $0.9 million and $31.8 million, respectively, of settlement losses as SG&A expenses and $0.2 million and $8.5 million, respectively, of settlement losses as cost of sales within the consolidated statements of operations.