XML 42 R20.htm IDEA: XBRL DOCUMENT v3.25.1
Property, Plant and Equipment
12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 12:  Property, Plant and Equipment

Property, plant and equipment, including depreciable lives, consisted of the following:

March 31, 

    

2025

    

2024

Land

$

16.4

$

16.3

Buildings and improvements (10-40 years)

 

257.7

 

280.7

Machinery and equipment (3-15 years)

 

843.7

 

824.4

Office equipment (3-10 years)

 

92.6

 

97.0

Construction in progress

 

69.5

 

67.6

 

1,279.9

 

1,286.0

Less: accumulated depreciation

 

(889.4)

 

(920.3)

Net property, plant and equipment

$

390.5

$

365.7

The March 31, 2025 property, plant and equipment in the table above exclude amounts classified as held for sale. See Note 2 for additional information.

Depreciation expense totaled $50.3 million, $46.9 million, and $46.5 million in fiscal 2025, 2024, and 2023, respectively.

Gains and losses related to the disposal of property, plant and equipment are recorded within SG&A expenses. For fiscal 2025, 2024 and 2023, gains and losses related to the disposal of property, plant and equipment were not significant.