XML 57 R43.htm IDEA: XBRL DOCUMENT

Leases (Tables)

3 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases Recorded on Consolidated Balance Sheets

The following table provides a summary of leases recorded on the consolidated balance sheets.

		Balance Sheet Location		June 30, 2024				March 31, 2024
Lease Assets
Operating lease ROU assets		Other noncurrent assets		$	91.4			$	76.0
Finance lease ROU assets (a)		Property, plant and equipment – net			6.4				6.5

Lease Liabilities
Operating lease liabilities		Other current liabilities		$	17.7			$	15.3
Operating lease liabilities		Other noncurrent liabilities			75.2				62.1
Finance lease liabilities		Long-term debt – current portion			0.4				0.4
Finance lease liabilities		Long-term debt			1.7				1.9

(a)	Finance right of use (“ROU”) assets were recorded net of accumulated amortization of $3.8 million and $3.7 million as of June 30, 2024 and March 31, 2024, respectively.

Components of Lease Expense

The components of lease expense were as follows:

		Three months ended June 30,
		2024				2023
Operating lease expense (a)		$	6.9			$	5.9
Finance lease expense:
Depreciation of ROU assets			0.1				0.1
Interest on lease liabilities			-				-
Total lease expense		$	7.0			$	6.0

(a)	For the three months ended June 30, 2024 and 2023, operating lease expense included short-term lease expense of $1.3 million and $1.5 million, respectively. Variable lease expense was not significant.