Restructuring Activities (Tables)

12 Months Ended

Mar. 31, 2026

Restructuring Activities

Restructuring and Repositioning Expenses

Restructuring and repositioning expenses were as follows:

	Years ended March 31,
	2026		2025		2024
Employee severance and related benefits	$	12.9	$	24.3	$	12.9
Other restructuring and repositioning expenses		7.7		3.9		2.1
Total	$	20.6	$	28.2	$	15.0

Changes in Accrued Severance

The Company accrues severance in accordance with its written plans, procedures, and relevant statutory requirements. Changes in accrued severance were as follows:

	Years ended March 31,
	2026		2025
Beginning balance	$	6.6	$	13.0
Additions (a)		10.8		18.3
Payments		(14.0)		(24.6)
Effect of exchange rate changes		0.2		(0.1)
Ending balance	$	3.6	$	6.6
____

(a) The fiscal 2026 and 2025 amounts exclude $2.1 million and $6.0 million, respectively, of non-cash severance-expense resulting from the accelerated vesting of certain stock-based compensation awards in connection with restructuring actions.