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Leases (Tables)

3 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease Recorded on Consolidated Balance Sheets

The following table provides a summary of leases recorded on the consolidated balance sheets.

		Balance Sheet Location		June 30, 2022				March 31, 2022
Lease Assets
Operating lease ROU assets		Other noncurrent assets		$	52.1			$	52.1
Finance lease ROU assets (a)		Property, plant and equipment – net			7.3				7.7

Lease Liabilities
Operating lease liabilities		Other current liabilities		$	11.9			$	12.7
Operating lease liabilities		Other noncurrent liabilities			41.9				41.2
Finance lease liabilities		Long-term debt – current portion			0.4				0.4
Finance lease liabilities		Long-term debt			2.5				2.8

(a)	Finance lease right-of-use (“ROU”) assets were recorded net of accumulated amortization, which totaled $2.8 million at both June 30, 2022 and March 31, 2022.

Components of Lease Expense

The components of lease expense were as follows:

		Three months ended June 30,
		2022				2021
Operating lease expense (a)		$	5.3			$	4.6
Finance lease expense:
Depreciation of ROU assets			0.1				0.1
Interest on lease liabilities			-				-
Total lease expense		$	5.4			$	4.7

(a)	For the three months ended June 30, 2022 and 2021, operating lease expense included short-term lease expense of $1.3 million and $0.8 million, respectively. Variable lease expense was not significant.