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Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss

Changes in accumulated other comprehensive loss were as follows:


		Three months ended December 31, 2024												Nine months ended December 31, 2024
		Foreign												Foreign
		Currency			Defined			Cash Flow						Currency			Defined			Cash Flow
		Translation			Benefit Plans			Hedges			Total			Translation			Benefit Plans			Hedges			Total
Beginning balance		$	(49.0)		$	(99.1)		$	0.3		$	(147.8)		$	(62.8)		$	(100.7)		$	0.1		$	(163.4)

Other comprehensive income (loss) before reclassifications			(48.2)			—			(0.1)			(48.3)			(34.4)			—			0.3			(34.1)
Reclassifications:
Amortization of unrecognized net loss (a)			—			1.1			—			1.1			—			3.2			—			3.2
Realized gains - net (b)			—			—			(0.1)			(0.1)			—			—			(0.2)			(0.2)
Income taxes			—			(0.3)			0.1			(0.2)			—			(0.8)			—			(0.8)
Total other comprehensive income (loss)			(48.2)			0.8			(0.1)			(47.5)			(34.4)			2.4			0.1			(31.9)

Ending balance		$	(97.2)		$	(98.3)		$	0.2		$	(195.3)		$	(97.2)		$	(98.3)		$	0.2		$	(195.3)


		Three months ended December 31, 2023												Nine months ended December 31, 2023
		Foreign												Foreign
		Currency			Defined			Cash Flow						Currency			Defined			Cash Flow
		Translation			Benefit Plans			Hedges			Total			Translation			Benefit Plans			Hedges			Total
Beginning balance		$	(70.8)		$	(102.8)		$	(0.1)		$	(173.7)		$	(57.5)		$	(104.4)		$	0.8		$	(161.1)

Other comprehensive income before reclassifications			19.3			—			0.6			19.9			6.0			—			0.2			6.2
Reclassifications:
Amortization of unrecognized net loss (a)			—			1.0			—			1.0			—			3.1			—			3.1
Realized losses (gains) - net (b)			—			—			0.1			0.1			—			—			(0.7)			(0.7)
Unrecognized net pension gain in disposed businesses (c)			—			(0.6)			—			(0.6)			—			(0.6)			—			(0.6)
Income taxes			—			(0.3)			(0.2)			(0.5)			—			(0.8)			0.1			(0.7)
Total other comprehensive income (loss)			19.3			0.1			0.5			19.9			6.0			1.7			(0.4)			7.3

Ending balance		$	(51.5)		$	(102.7)		$	0.4		$	(153.8)		$	(51.5)		$	(102.7)		$	0.4		$	(153.8)
____

(a)	Amounts are included in the calculation of net periodic benefit cost for the Company’s defined benefit plans, which include pension and other postretirement plans. See Note 5 for additional information about the Company’s pension plans.

(b)	Amounts represent net gains and losses associated with cash flow hedges that were reclassified to net earnings.

(c)	As a result of the sale of three automotive businesses based in Germany, the Company wrote-off $0.6 million of net actuarial gains related to the disposal group’s pension plans. See Note 2 for additional information regarding the sale.