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Leases (Tables)

6 Months Ended

Sep. 30, 2025

Leases

Leases recorded on consolidated balance sheets

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


		Balance Sheet Location		September 30, 2025			March 31, 2025
Lease Assets
Operating lease ROU assets		Other noncurrent assets		$	107.1		$	97.2
Finance lease ROU assets (a)		Property, plant and equipment - net			7.0			6.9

Lease Liabilities
Operating lease liabilities		Other current liabilities		$	20.7		$	18.0
Operating lease liabilities		Other noncurrent liabilities			86.7			80.6
Finance lease liabilities		Long-term debt - current portion			0.5			0.5
Finance lease liabilities		Long-term debt			2.1			2.2
____

(a)	Finance right of use (“ROU”) assets were recorded net of accumulated amortization of $4.6 million and $4.2 million as of September 30, 2025 and March 31, 2025, respectively.

Components of Lease Expense

Components of lease expense

The components of lease expense were as follows:


		Three months ended September 30,						Six months ended September 30,
		2025			2024			2025			2024
Operating lease expense (a)		$	10.5		$	7.7		$	20.2		$	14.6
Finance lease expense:
Depreciation of ROU assets			0.2			0.2			0.3			0.3
Interest on lease liabilities			0.1			0.1			0.1			0.1
Total lease expense		$	10.8		$	8.0		$	20.6		$	15.0
____

(a)

For the three and six months ended September 30, 2025, operating lease expense included short-term lease expense of $2.6 million and $5.0 million, respectively. For the three and six months ended September 30, 2024, operating lease expense included short-term lease expense of $1.8 million and $3.1 million, respectively. Variable lease expense was not significant.