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v3.22.4

Pensions | 9 Months Ended
--- | ---
Dec. 31, 2022
Pensions [Abstract] |
Pensions | Note 4: Pensions Pension cost included the following components:
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Service cost |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.2 |
Interest cost |  |  | 2.0 |  |  |  | 1.8 |  |  |  | 6.0 |  |  |  | 5.5 |
Expected return on plan assets |  |  | (2.9 | ) |  |  | (3.2 | ) |  |  | (8.7 | ) |  |  | (9.6 | )
Amortization of unrecognized net loss |  |  | 1.4 |  |  |  | 1.7 |  |  |  | 4.3 |  |  |  | 5.1 |
Net periodic benefit cost |  | $ | 0.6 |  |  | $ | 0.4 |  |  | $ | 1.8 |  |  | $ | 1.2 |
The Company’s funding policy is to contribute annually, at a minimum, the amount necessary on an actuarial basis to provide for benefits in accordance with applicable laws and regulations. In connection with funding relief provisions within the American Rescue Plan Act of 2021, the Company does not expect to make cash contributions to its U.S. pension plans during fiscal 2023.

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