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Restructuring Activities (Tables) | 12 Months Ended
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Mar. 31, 2024
Restructuring Activities [Abstract] |
Restructuring and Repositioning Expenses | Restructuring and repositioning expenses were as follows:
|  | Years ended March 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Employee severance and related benefits |  | $ | 12.9 |  |  | $ | 3.5 |  |  | $ | 22.1 |
Other restructuring and repositioning expenses |  |  | 2.1 |  |  |  | 1.5 |  |  |  | 2.0 |
Total |  | $ | 15.0 |  |  | $ | 5.0 |  |  | $ | 24.1 |
Changes in Accrued Severance | The Company accrues severance in accordance with its written plans, procedures, and relevant statutory requirements. Changes in accrued severance were as follows:
|  | Years ended March 31, |
|  | 2024 |  |  | 2023 |
Beginning balance |  | $ | 10.6 |  |  | $ | 20.2 |
Additions |  |  | 12.9 |  |  |  | 3.5 |
Payments |  |  | (7.8 | ) |  |  | (12.4 | )
Disposition (a) |  |  | (2.5 | ) |  |  | - |
Effect of exchange rate changes |  |  | (0.2 | ) |  |  | (0.7 | )
Ending balance |  | $ | 13.0 |  |  | $ | 10.6 |
(a) | The Company sold three automotive businesses based in Germany during the third quarter of fiscal 2024. See Note 2 for additional information regarding the sale.

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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