Restructuring and Other Similar Charges (Tables)

12 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table summarizes the Company's restructuring and other similar costs incurred during the years ended March 31, 2020, 2019 and 2018 by classification of operating segment (in millions):

	Year Ended March 31, 2020
	Process & Motion Control		Water Management		Corporate		Consolidated
Employee termination benefits	$	12.7	$	0.5	$	0.1	$	13.3
Contract termination and other associated costs	1.6		0.5		0.1		2.2
Total restructuring and other similar costs	$	14.3	$	1.0	$	0.2	$	15.5
	Year Ended March 31, 2019
	Process & Motion Control		Water Management		Corporate		Consolidated
Employee termination benefits	$	5.6	$	0.9	$	0.6	$	7.1
Asset impairment charges (1)	0.3		—		—		0.3
Contract termination and other associated costs	2.0		0.3		2.4		4.7
Total restructuring and other similar costs	$	7.9	$	1.2	$	3.0	$	12.1
	Year Ended March 31, 2018
	Process & Motion Control		Water Management		Corporate		Consolidated
Employee termination benefits	$	4.6	$	0.6	$	—	$	5.2
Asset impairment charges (1)	0.8		—		—		0.8
Contract termination and other associated costs	7.9		0.2		—		8.1
Total restructuring and other similar costs	$	13.3	$	0.8	$	—	$	14.1
	Restructuring Costs To-date (Period from April 1, 2011 to March 31, 2020)
	Process & Motion Control		Water Management		Corporate		Consolidated
Employee termination benefits	$	67.2	$	8.6	$	2.7	$	78.5
Asset impairment charges	3.6		—		—		3.6
Contract termination and other associated costs	21.3		4.9		2.5		28.7
Total restructuring and other similar costs	$	92.1	$	13.5	$	5.2	$	110.8

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(1) In connection with the ongoing supply chain optimization and footprint repositioning initiatives, the Company has taken several actions to consolidate existing manufacturing facilities and rationalize its product offerings. These actions require the Company to assess whether the carrying amount of impacted long-lived assets will be recoverable as well as whether the remaining useful lives require adjustment. The impairment charges associated with these assets recognized during fiscal 2019 and 2018 were determined utilizing independent appraisals of the assets and were classified as Level 3 inputs within the Fair Value hierarchy.  Refer to Note 13, Fair Value Measurements for additional information.

Summary of Activity in Restructuring Accrual

The following table summarizes the activity in the Company's accrual for restructuring and other similar costs for the fiscal years ended March 31, 2020 and 2019 (in millions):

	Employee termination benefits		Asset impairment charges		Contract termination and other associated costs		Total
Accrued Restructuring Costs, March 31, 2018 (2)	$	2.3	$	—	$	0.3	$	2.6
Charges	7.1		0.3		4.7		12.1
Cash payments	(7.0)		—		(3.1)		(10.1)
Non-cash charges	—		(0.3)		—		(0.3)
Accrued Restructuring Costs, March 31, 2019 (2)	$	2.4	$	—	$	1.9	$	4.3
Charges	13.3		—		2.2		15.5
Cash payments	(7.4)		—		(2.6)		(10.0)
Accrued Restructuring Costs, March 31, 2020 (2)	$	8.3	$	—	$	1.5	$	9.8

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(2) The restructuring accrual is included in Other current liabilities on the consolidated balance sheets.