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Product Warranties and Other Commitments (Tables) | 12 Months Ended
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Mar. 31, 2024
Product Warranties and Other Commitments [Abstract] |
Changes in Accrued Warranty Costs | Changes in accrued warranty costs were as follows:
|  | Years ended March 31, |
|  | 2024 |  |  | 2023 |
Beginning balance |  | $ | 6.9 |  |  | $ | 6.3 |
Warranties recorded at time of sale |  |  | 6.6 |  |  |  | 5.4 |
Adjustments to pre-existing warranties |  |  | 2.2 |  |  |  | 0.9 |
Settlements |  |  | (5.3 | ) |  |  | (5.6 | )
Acquisition of business (a) |  |  | 0.4 |  |  |  | - |
Disposition of businesses (a) |  |  | (0.2 | ) |  |  | - |
Effect of exchange rate changes |  |  | 0.1 |  |  |  | (0.1 | )
Ending balance |  | $ | 10.7 |  |  | $ | 6.9 |
(a) | The Company acquired Scott Springfield Manufacturing during fiscal 2024. The Company sold three automotive businesses based in Germany during fiscal 2024. See Note 2 for additional information.

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-8 + Details
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