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Product Warranties (Tables) | 9 Months Ended
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Dec. 31, 2023
Product Warranties [Abstract] |
Changes in Accrued Warranty Costs | Changes in accrued warranty costs were as follows:
|  | Three months ended December 31, |
|  | 2023 |  |  | 2022 |
Beginning balance |  | $ | 10.3 |  |  | $ | 6.2 |
Warranties recorded at time of sale |  |  | 1.6 |  |  |  | 0.9 |
Adjustments to pre-existing warranties |  |  | (0.4 | ) |  |  | (0.3 | )
Settlements |  |  | (1.4 | ) |  |  | (1.4 | )
Effect of exchange rate changes |  |  | 0.3 |  |  |  | 0.3 |
Ending balance |  | $ | 10.4 |  |  | $ | 5.7 |
|  | Nine months ended December 31, |
|  | 2023 |  |  | 2022 |
Beginning balance |  | $ | 6.9 |  |  | $ | 6.3 |
Warranties recorded at time of sale |  |  | 4.7 |  |  |  | 4.2 |
Adjustments to pre-existing warranties |  |  | 2.7 |  |  |  | (0.8 | )
Settlements |  |  | (3.9 | ) |  |  | (3.8 | )
Disposition of businesses (a) |  |  | (0.2 | ) |  |  | - |
Effect of exchange rate changes |  |  | 0.2 |  |  |  | (0.2 | )
Ending balance |  | $ | 10.4 |  |  | $ | 5.7 |
| (a) | The Company sold three automotive businesses based in Germany during the third quarter of fiscal 2024. Prior to the sale, the Company reclassified the warranty liability related to these businesses as held for sale on the September 30, 2023 consolidated balance sheet. See Note 2 for additional information regarding the sale.

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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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