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Derivative Instruments (Tables)
 12 Months Ended
Mar. 31, 2021
Derivative Instruments [Abstract]  
Derivative Financial Instruments Recorded in Consolidated Balance Sheets
The fair value of the Company’s derivative financial instruments recorded in the consolidated balance sheets were as follows:

_
Balance Sheet Location
  
March 31, 2021
    
March 31, 2020
  
Derivatives designated as hedges:
              
Commodity derivatives
Other current assets
  
$
0.5
    
$
-
  
Commodity derivatives
Other current liabilities
    
-
      
1.3
  
Foreign exchange contracts
Other current assets
    
0.1
      
0.1
  
                   
Derivatives not designated as hedges:
                  
Foreign exchange contracts
Other current liabilities
  
$
-
    
$
-
  
Derivative Financial Instruments Designated for Hedge Accounting
The amounts associated with derivative financial instruments that the Company designated for hedge accounting during the years ended March 31 were as follows:

  
Gain (loss) recognized in
other comprehensive income
  
Statement of
Operations
  
Gain (loss) reclassified
from AOCI
  
   
2021
    
2020
    
2019
  
Location
  
2021
    
2020
    
2019
  
Commodity derivatives
  
$
2.2
    
$
(2.6
)
  
$
(0.3
)
Cost of sales
  
$
-
    
$
(0.8
)
  
$
(0.4
)
Foreign exchange contracts
    
-
      
(0.1
)
    
(0.4
)
Net sales
    
-
      
(0.1
)
    
(0.4
)
Foreign exchange contracts
    
(0.1
)
    
0.2
      
1.0
  
Cost of sales
    
(0.1
)
    
0.4
      
0.6
  
Total gains (losses)
  
$
2.1
    
$
(2.5
)
  
$
0.3
      
$
(0.1
)
  
$
(0.5
)
  
$
(0.2
)
Derivative Financial Instruments Not Designated for Hedge Accounting
The amounts associated with derivative financial instruments that the Company did not designate for hedge accounting were as follows:

_
    
Years ended March 31,
  
 _
Statement of Operations Location
  
2021
    
2020
    
2019
  
Foreign exchange contracts
Net sales
  
$
-
    
$
(0.1
)
  
$
(0.7
)
Foreign exchange contracts
Other income (expense) - net
    
0.6
      
(0.1
)
    
(0.3
)
Total gains (losses)
    
$
0.6
    
$
(0.2
)
  
$
(1.0
)