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Restructuring Activities
 3 Months Ended
Jun. 30, 2024
Restructuring Activities [Abstract]  
Restructuring Activities
Note 7: Restructuring Activities

During the first three months of fiscal 2025, restructuring and repositioning expenses primarily consisted of severance expenses recorded in the Performance Technologies segment.  These severance charges were primarily related to the closure of a technical service center and other targeted headcount reductions in Europe.  In addition, the Company incurred equipment transfer costs within the Performance Technologies and Climate Solutions segments.  These restructuring activities are part of the Company’s transformational initiatives supported by 80/20 principles and include product line transfers intended to achieve production efficiency improvements in its manufacturing facilities.

Restructuring and repositioning expenses were as follows:

 
Three months ended June 30,
  
   
2024
    
2023
  
Employee severance and related benefits
  
$
4.8
    
$
-
  
Other restructuring and repositioning expenses
    
0.6
      
-
  
Total
  
$
5.4
    
$
-
  

Other restructuring and repositioning expenses primarily consist of equipment transfer costs.

The Company accrues severance in accordance with its written plans, procedures, and relevant statutory requirements. Changes in accrued severance were as follows:

 
Three months ended June 30,
  
   
2024
    
2023
  
Beginning balance
  
$
13.0
    
$
10.6
  
Additions
    
4.8
      
-
  
Payments
    
(9.2
)
    
(1.8
)
Effect of exchange rate changes
    
-
      
0.1
  
Ending balance
  
$
8.6
    
$
8.9