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Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Schedule of Product Warranty Liability
The following table presents changes in the Company’s product warranty liability during each of the periods presented (in millions):
 
Year Ended March 31, 2019
 
Year Ended March 31, 2018
 
Year Ended March 31, 2017
Balance at beginning of period
$
7.7

 
$
6.2

 
$
5.5

Acquired obligations
—

 
1.4

 
0.4

Charged to operations
1.9

 
4.1

 
3.2

Claims settled
(2.4
)
 
(4.0
)
 
(2.9
)
Balance at end of period
$
7.2

 
$
7.7

 
$
6.2
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the basis for income per share computations (in millions, except share amounts, which are in thousands):
 
 
Years Ended
 
 
March 31, 2019
 
March 31, 2018
 
March 31, 2017
Basic net (loss) income per share attributable to Rexnord common stockholders
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
Net income from continuing operations
 
$
189.0

 
$
206.6

 
$
91.7

Less: Non-controlling interest income
 
—

 
0.1

 
—

Less: Dividends on preferred stock
 
23.2

 
23.2

 
7.3

Net income from continuing operations attributable to Rexnord common stockholders
 
$
165.8

 
$
183.3

 
$
84.4

 
 
 
 
 
 
 
Loss from discontinued operations, net of tax
 
$
(154.7
)
 
$
(130.6
)
 
$
(17.6
)
 
 
 
 
 
 
 
Net income attributable to Rexnord common stockholders
 
$
11.1

 
$
52.7

 
$
66.8

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average common shares outstanding, basic
 
104,640

 
103,889

 
102,753

 
 
 
 
 
 
 
Diluted net (loss) income per share attributable to Rexnord common stockholders
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
Net income from continuing operations
 
$
189.0

 
$
206.6

 
$
91.7

Less: Non-controlling interest income
 
—

 
0.1

 
—

Less: Dividends on preferred stock (1)
 
—

 
—

 
7.3

Net income from continuing operations attributable to Rexnord common stockholders
 
$
189.0

 
$
206.5

 
$
84.4

 
 
 
 
 
 
 
Loss from discontinued operations, net of tax
 
$
(154.7
)
 
$
(130.6
)
 
$
(17.6
)
 
 
 
 
 
 
 
Net income attributable to Rexnord common stockholders
 
11.1

 
52.7

 
66.8

Plus: Dividends on preferred stock (1)
 
23.2

 
23.2

 
—

Net income attributable to Rexnord common stockholders
 
$
34.3

 
$
75.9

 
$
66.8

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average common shares outstanding, basic
 
104,640

 
103,889

 
102,753

Effect of dilutive equity awards
 
2,710

 
2,110

 
2,031

Preferred stock under the "if-converted" method
 
15,979

 
15,985

 
—

Weighted-average common shares outstanding, diluted
 
123,329

 
121,984

 
104,784

____________________
(1) The "if-converted" method was dilutive for the fiscal years ended March 31, 2019 and 2018.
Schedule of Accumulated Other Comprehensive Loss
The changes in accumulated other comprehensive loss, net of tax, for the fiscal years ending March 31, 2019, 2018 and 2017 are as follows (in millions):
 
Interest Rate Derivatives
 
Foreign Currency Translation
 
Pension and Postretirement Plans
 
Total
Balance at March 31, 2016
$
(16.9
)
 
$
(86.5
)
 
$
(35.6
)
 
$
(139.0
)
Other comprehensive income (loss) before reclassifications
1.1

 
(12.8
)
 
9.2

 
(2.5
)
Amounts reclassified from accumulated other comprehensive income (loss)
6.3

 
—

 
(1.8
)
 
4.5

Net current period other comprehensive income (loss)
7.4

 
(12.8
)
 
7.4

 
2.0

Balance at March 31, 2017
$
(9.5
)
 
$
(99.3
)
 
$
(28.2
)
 
$
(137.0
)
Other comprehensive income before reclassifications
—

 
57.1

 
1.4

 
58.5

Amounts reclassified from accumulated other comprehensive income (loss)
5.8

 
—

 
(1.4
)
 
4.4

Net current period other comprehensive income
5.8

 
57.1

 
—

 
62.9

Balance at March 31, 2018
$
(3.7
)
 
$
(42.2
)
 
$
(28.2
)
 
$
(74.1
)
Other comprehensive income before reclassifications
—

 
(39.4
)
 
(8.5
)
 
(47.9
)
Amounts reclassified from accumulated other comprehensive income (loss)
4.5

 
21.5

 
(0.6
)
 
25.4

Net current period other comprehensive income (loss)
4.5

 
(17.9
)
 
(9.1
)
 
(22.5
)
Balance at March 31, 2019
$
0.8

 
$
(60.1
)
 
$
(37.3
)
 
$
(96.6
)
Reclassification out of Accumulated Other Comprehensive Loss
The following table summarizes the amounts reclassified from accumulated other comprehensive loss to net income during the fiscal years ending March 31, 2019, 2018 and 2017 (in millions):
Pension and postretirement plans
Year Ending March 31, 2019
 
Year Ending March 31, 2018
 
Year Ending March 31, 2017
 
Income Statement Line Item
Amortization of prior service credit
$
(1.5
)
 
$
(1.9
)
 
$
(1.9
)
 
Other expense (income), net
Lump Sum Settlement
0.6

 
—

 
—

 
Other expense (income), net
Curtailment
—

 
(0.3
)
 
(1.0
)
 
Other expense (income), net
Provision for income taxes
0.3

 
0.8

 
1.1

 
 
Total, net of income taxes
$
(0.6
)
 
$
(1.4
)
 
$
(1.8
)
 

 
 
 
 
 
 
 
 
Interest rate derivatives
 
 
 
 
 
 
 
   Net realized losses on interest rate derivatives
$
5.7

 
$
9.7

 
$
10.2

 
 Interest expense, net
   Benefit for income taxes
(1.2
)
 
(3.9
)
 
(3.9
)
 
 
Total, net of income taxes
$
4.5

 
$
5.8

 
$
6.3

 
 
 
 
 
 
 
 
 
 
Foreign Currency Translation
 
 
 
 
 
 
 
Reclassification on sale of business
$
19.7

 
$
—

 
$
—

 
Loss from discontinued operations, net of tax
Reclassification on acquisition of equity method investment
1.8

 
—

 
—

 
Other expense (income), net
Total
$
21.5

 
$
—

 
$
—

 
 
Research, Development and Engineering Costs
Research, development and engineering costs are charged to selling, general and administrative expenses on the consolidated statements of operations as incurred and for the years ended March 31, 2019, 2018 and 2017 amounted to the following (in millions):
 
Year Ended March 31, 2019
 
Year Ended March 31, 2018
 
Year Ended March 31, 2017
Research and development costs
$
16.3

 
$
13.3

 
$
10.4

Engineering costs
25.4

 
22.5

 
24.6

Total
$
41.7

 
$
35.8

 
$
35.0